Nio is biding its time so far, and we might be in for another test of 4.00
Shares of the company witnessed a loss of 4.24% over the previous month, beating the performance of the Auto-Tires-Trucks sector with its loss of 8.85% and underperforming the S&P 500’s gain of 1.08%.
Investors will be eagerly watching for the performance of NIO Inc. in its upcoming earnings disclosure. On that day, NIO Inc. is projected to report earnings of -$0.40 per share, which would represent year-over-year growth of 11.11%. At the same time, our most recent consensus estimate is projecting a revenue of $2.85 billion, reflecting a 18.31% rise from the equivalent quarter last year.
UBS Upgrades British American Tobacco p.l.c. – Depositary Receipt () (BTI)
There are 720 funds or institutions reporting positions in British American Tobacco p.l.c. – Depositary Receipt (). This is an increase of 45 owner(s) or 6.67% in the last quarter. Average portfolio weight of all funds dedicated to BTI is 0.31%, an increase of 2.21%. Total shares owned by institutions increased in the last three months by 16.45% to 242,907K shares. https://www.nasdaq.com/articles/ubs-upgrades-british-american-tobacco-plc-depositary-receipt-bti
Reading the tea leaves there are some ordinarily potent conditions in some of the more important barometers which show the likely behavior of Sterling, Euro, stocks, bonds, USD. Right now they point toward a drop in stocks, some bonds, and Euro and Sterling. It would take one of those manic two way shock and awe flows post-Fed or something else significant to change that.
This is 6pm nigerian time and the weather is good. Market is not as volatile as it was between 3:15 and 3:45 pm when some news came out and Market was volatile. The usd/jpy has consolidated and is ready for an upward move. This may not be a long move based on my analysis.
The usd/jpy is st price 155.120 as we speak. It rose to an all high today at 155.524 before declining to 154.915, the lowest point as at today.
Based on technical Analysis on Price Action. On the 1 hour candle, we see the latest being a BUY candle, with the former candle which formed at 5pm , being a sell candle. The candles are of similar length, which may signify further movement in the later candle (the buy candle that formed at 6pm)
Therefore I have taken a buy bias with expectation of price rising to around 155.378 before I close it off in marginal profit.
Let’s see where market go now.
Europe is right now in the middle of Russian aggression on one side, self imposed sanctions on Russian gas and oil , lost in space after Trump became a President again, some crazy ideas on Green energy….just to mention a few….Member countries are having second thoughts on everything , Germany and France cannot solve the inner political situations…that mess.
EUR has to go straight below 1.03 first, rebound to 1.04500 and fail , and then we go for a jugular – below 1.01800.
Otherwise we might be just day dreaming…even it is only logical – how can EUR get stronger in such a geo political mess we have right now , and all the problems each EU member country has….