The Traderszone Network

Bank of American on the yen

For bank trade ideas,
Bank of America Global Research discusses the JPY outlook and
” In June 2015, the Bank of Japan’s Governor Haruhiko Kuroda noted the yen was not likely to weaken much further on a real effective exchange rate basis – a comment which in fact marked the yen’s bottom. However, the yen’s cyclical bottom has depreciated over time as

The MA will be a key barometer in the new trading day
The USDCAD is pushing the 100 day MA at 1.23947. The price has been testing the level during the last 5-6 hours with ticks a few pips above the MA, but not much else. 

A look at the GBPUSD pair
The GBPUSD is moving toward the June low at 1.37856. The low today reached 1.3813. Yes, we are still 28 pips from that level, but getting closer. 

More Tesla Owners Considering Switching To European Luxury EV Brands: Bernstein

Sound the alarm bells: it appears that some of the most fervent Tesla cultists could be beginning to stray from the path in what could be an ominous sign for an automaker that has relied heavily on its cult status to stay afloat. 

read more

Netflix (NASDAQ: NFLX) disappointed investors when it reported fewer than 4 million net subscriber additions for the first quarter and forecast a measly 1 million net adds for the second quarter. The hangover from 2020’s streaming bonanza hit Netflix, and it hit hard.

read more

Gold down $23 to $1755 on the day
Gold didn’t show the same kind of bounce as other asset classes since the Fed and that was a big red flag coming into the week. The narrowing range and series of doji stars set up a big move and today we got it with prices tumbling through

Both Tom Brady and Gisele Bündchen will take equity stakes in FTX Trading and receive crypto as part of an endorsement deal with the crypto exchange.