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17/08/2022

LONDON - U.K. real wages, which reflect the power of employee’s pay after accounting for inflation, fell by an annual 3% in the last quarter, according to data released by the Office of National Statistics on Tuesday.

While average pay — excluding bonuses — increased by 4.7% in the April to June period, according to the ONS, the cost of living is increasing at an even faster rate and outpacing wage growth.

Darren Morgan, ONS director of economic statistics, said this was affecting how far wages go in the day-to-day life of workers.

“The real value of pay continues to fall. Excluding bonuses, it is still dropping faster than at any time since comparable records began in 2001,” he commented.

Higher energy and food bills have been putting pressure on households in the U.K. The cost of living crisis continues to take hold of the country, with consumers’ purchasing power decreasing.

12/07/2022

PepsiCo (PEP) – The beverage and snack giant reported an adjusted quarterly profit of $1.86 per share, 12 cents above estimates, and revenue topped Wall Street forecasts. The company also raised its full-year forecast as consumer demand holds up even as prices rise. PepsiCo gained 1.2% in the premarket.

Gap (GPS) – The apparel retailer’s stock slumped 6.3% in the premarket after CEO Sonia Syngal stepped down after two years on the job. She’ll be replaced on an interim basis by executive chairman and former Walmart executive Bob Martin.

Peloton (PTON) – The fitness equipment maker announced it will fully transition to third-party manufacturing, expanding its partnership with Taiwan-based manufacturer Rexon Industrial. Peloton fell 1.8% in premarket trading before erasing those losses and going positive.

Twitter (TWTR) – Twitter sent a letter to Elon Musk saying it did not breach any of its obligations under their takeover agreement and that his effort to back out of the deal was “invalid and wrongful.” Twitter shares have fallen 15.8% over the past 2 trading days.

Dave & Buster’s (PLAY) – The entertainment-themed restaurant chain announced a series of new executive appointments, including the appointment of a new chief operating officer. The changes take effect August 1, and the stock gained 1.7% in the premarket.

PriceSmart (PSMT) – The discount retailer’s shares slid 4.2% in premarket trading after it reported lower-than-expected earnings despite sales that exceeded analyst estimates. PriceSmart was impacted by supply chain disruptions and excess inventory levels prompted by shifts in consumer demand.

Canoo (GOEV) – The electric vehicle maker’s stock soared 73.4% in the premarket after it struck a deal to sell 4,500 delivery vehicles to Walmart (WMT) for an undisclosed amount. Walmart also has an option to purchase up to 10,000 units.

Lennar (LEN) – The home builder’s shares fell 1.7% in premarket trading after J.P. Morgan Securities downgraded the stock to “neutral” from “overweight” as the industry faces a number of headwinds, including softening sales and higher incentives.

American Express (AXP) – American Express shares fell 2.6% in premarket action after Morgan Stanley downgraded the financial services giant to “equal-weight” from “overweight.” The firm said the risk of recession is not fully priced into American Express’ stock

24/06/2022

Economic data will be a key focus on Friday, as investors try to determine if the U.S. economy is falling into a recession. New home sales data is due out at 10 a.m. ET and the final University of Michigan consumer sentiment report for June will follow later in the day.

“Recession talk remains the focal point on Wall Street and that means whatever stock market rebounds emerge will probably be short-lived,” Oanda senior market analyst Ed Moya said in a note. “Wall Street won’t have any answers anytime soon for the questions on when will inflation peak, how soon will we see a recession, and how high will the Fed raise rates?”

24/06/2022

Stock futures gained on Friday morning as Wall Street looked to grind out a rare positive week in what has been a rough first half of the year.

Futures tied to the Dow Jones Industrial Average rose 154 points, or 0.5%. Futures for the S&P 500 were 0.66% higher, while Nasdaq 100 futures advanced 0.94%.

09/06/2022

Note :

EUR/USD to hold in a 1.05-1.09 range near-term – Westpac

9 June 2022, 11:38

Economists at Westpac expect the EUR/USD pair to trade within a 1.05-1.09 range in the short-term. What’s more, the common currency is unlikely to enjoy sustained medium-term upside given ongoing geopolitical threats.

Europe’s geopolitical threats won’t subside anytime soon

“Temporary supply chain disruptions from China’s covid lockdowns will account for some of the April activity weakness. But a more sustained real income squeeze stemming from Europe’s geopolitical threats won’t subside anytime soon. Europe natural gas prices continue to trade near all-time highs.”

“The ECB is unlikely to ultimately deliver on the 225bp in rate hikes priced by OIS markets through end-2023.”

“EUR is likely to be held in a 1.05-1.09 range near term.”

1H . Level 1 Complete.. Fundamentals that will push the next Level (2) :Euro : ECB Interest Rate Decision Fore...
09/06/2022

1H . Level 1 Complete..
Fundamentals that will push the next Level (2) :
Euro : ECB Interest Rate Decision
Forecast = 0
Previous = 0
US : Inflation Rate YoY
Forecast = 8.3
Previous = 8.3
US : Core Inflation Rate
Forecast = 5.9
Previous = 6.2
Conclusion : If the Core Inflation rate's Actual results come out greater than the Previous Core Inflation Rate. Level will be already in play pushing.

4H.. Level 1 Complete , waiting for Level 2 .
09/06/2022

4H.. Level 1 Complete , waiting for Level 2 .

EURUSD Progressive anticipation move here 💰📈
18/05/2022

EURUSD Progressive anticipation move here 💰📈

EURUSD It's nearly there ....... Prepare to go Long in a few weeks
12/05/2022

EURUSD It's nearly there ....... Prepare to go Long in a few weeks

Start to Sell Monthly (June, July & August) long term after that 2nd touch to the Resistance Level.
12/05/2022

Start to Sell Monthly (June, July & August) long term after that 2nd touch to the Resistance Level.

USDJPY has ended the Bull Structure, now the instruments is moving to form a Bear Structure. Sell contracts for this mon...
12/05/2022

USDJPY has ended the Bull Structure, now the instruments is moving to form a Bear Structure. Sell contracts for this months.

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