Create account Try a Demo

S&P 500 at new 2019 highs, mixed sessions in Asia and Europe

16:53 23 April 2019

Summary:
- S&P 500 at new YTD highs
- USD and JPY outperform G10 peers, Scandinavian currencies lag
- Top 3 charts of the week
- Oil prices declines on Saudi report but pullback is short lived
- Wirecard dips on the first day after short selling ban ends

Although Monday was a holiday in many European countries, US markets worked as usual. Crude prices soared during the first trading day this week after US President Donald Trump communicated that the country would end exemptions from sanctions for countries still purchasing Iranian oil.

Significant losses seen in Wirecard shares are coming in the first day after a short ban ended. Note that the stock was falling over 8% this morning, shortly after the open.

Both Brent and WTI took a dive lower in the early afternoon following Bloomberg report. The news agency said that Saudi Arabia is ready to boost oil output in case Iranian exports collapse.

The Aussie dollar has lost some of its momentum recently due to a series of dovish messages sent by the RBA. However, we think that expectations with regard to a rate cut look ovestated. According to Goldman Sachs better risk sentiment could lead to increased demand for the Aussie dollar.

To make the picture even more rosy the company decided to make an upward revision to its full-year guidance. Prior to the release market consensus pointed to full-year EPS of $19.60 but Lockheed Martin said that earnings will be at least $20.05. The company said that its order backlog inflated by $3 billion in the January-March period.

This content has been created by X-Trade Brokers Dom Maklerski S.A. This service is provided by X-Trade Brokers Dom Maklerski S.A. (X-Trade Brokers Brokerage House joint-stock company), with its registered office in Warsaw, at Ogrodowa 58, 00-876 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. X-Trade Brokers Dom Maklerski S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.

Back

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

×