Archives of “May 2, 2020” day

rss

US Indices take a Friday fall to finish the week slightly lower

  
Analysis, US Market
#  #  #  #  #  #
On the day:
  • S&P 500 down 2.8%
  • DJIA -2.6%
  • Nasdaq -3.2%
  • TSX -1.0%
On the week:
  • S&P 500 down down 0.2%
  • DJIA -0.2%
  • Nasdaq -0.3%
  • TSX +1.4%

Here is a look at the weekly S&P 500 chart. That latest candle isn’t a pretty one:

A look at US and Canadian markets

CFTC commitments of traders: EUR net long position remains the largests speculative position

  
Analysis, Forex

Forex futures positioning data for the week ending April 28, 2020

  • EUR long 80K vs 87K long last week. Shorts trimmed by 7K
  • GBP short 7K vs 1K short last week. Shorts increased by 6K
  • JPY long 32K vs 26K long last week. Longs increased by 6K
  • CHF long 6K vs 5K long last week. Longs increased by 1K
  • AUD short 38k vs 35K short last week. Shorts increased by 3K
  • NZD short 14K  vs 14K short last week. Unchanged
  • CAD short 29k vs 24K short last week. Shorts increased by 5K

Highlights from the CFTC commitments of traders:

  • EUR shorts remain the largest speculative position, but investors trim position by 7K.  It is the largest position trim.
  • AUD shorts increased and is the second largest position
  • CHF, GBP, NZD net positions remain small

The big names have now reported earnings, but what is expected for the May4/8 week

  
Analysis, US Market
#  #  #  #

Key earnings for the week of May 4 to May 8

This week we had the likes of Alphabet, Facebook, Microsoft, Tesla, Visa, Starbucks, Apple all release.  That takes a lot of fire power out of next weeks potential.
Nevertheless, there are some interesting companies reporting. Disney, Paypal, T-Moibile, GM are some of the bigger, more notable names on the list.. Below is a list of those earnings:
Monday, May 4th
  • Cirrus Logic
  • Pitney Bowles

Tuesday May 5th

  • Allegan
  • Electronic Arts
  • Beyond Meat
  • Disney
  • Sprint
  • Cheesecake Factory
  • Planet Fitness
Wednesday, May 6
  • Marathon oil Corporation
  • Hyatt hotels
  • Wendy’s
  • General Motors
  • T mobile
  • PayPal holdings
  • Lyft
  • Square
  • Peloton
Thursday, May 7
  • Bristol-Myers Squibb
  • Raytheon technologies
Go to top