26.74 - 26.48
16.14 - 30.27
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Tesla 250? 😬 > @dros said: $FTCH Feb10 7 C $ROKU Feb03 48 C $NFLX Feb03 360 C $EBAY Feb 51 C $UNG Mar 11 C $BABA Apr 150 C $CCL Mar 12.5 C $UNP Feb 230 C $PATH Feb 17.5 C $TSLA Jan-24 250 C $CCJ Mar 30 C $ET Mar 14 C $CL Jan-24 77.5 C $ARKK Feb 45 C $PINS Feb 27.5 C $SE Feb 80 C
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By Kevin Buckland TOKYO (Reuters) - The dollar hovered near a nine-month low to the euro and gave back recent gains against the yen on Tuesday, as traders weighed the risks of a U.S. recession and the path for Federal Reserve policy. The U.S. dollar index - which measures the greenback against a basket of six peers, including the euro and yen - slipped 0.12% to 101.89, heading back towards the 7-1/2-month low of 101.51 reached last week. The euro added 0.08% to $1.0880, taking it closer to Monday's peak of $1.0927, the strongest since April. "The U.S. is no longer the cleanest shirt in the global economic laundry," said Ray Attrill, head of foreign-exchange strategy at National Australia Bank (OTC:NABZY), who expects the dollar index to fall to 100 by end-March and the euro to rise to $1.10. "That's integral to our bearish U.S. dollar view, that the U.S. is not going to be the global growth leader." Money market traders see only two more quarter point rate hikes by the Fed to a peak of around 5% by June, with two quarter point cuts following before year-end. The Fed itself has insisted 75 basis points of more tightening is likely on the way. By contrast, Europe's single currency has been buoyed by comments from European Central Bank officials pointing to further aggressive policy tightening. The latest was ECB President Christine Lagarde, who on Monday reiterated that the central bank will keep raising interest rates quickly to slow inflation, which remains far too high. "President Lagarde has been among the hawks, and so we are comfortable with our call for 50bp increases at the next two meetings," Commonwealth Bank of Australia (OTC:CMWAY) strategist Joseph Capurso wrote in a client note, pointing to the potential for a test of $1.1033 for the euro this week. Elsewhere, the dollar sank 0.41% to 130.11 yen, retreating after two sessions of strong gains. Last week, the dollar fell as low as 127.215 yen, its weakest since May, before a Bank of Japan policy review as investors bet the BOJ would begin to end its stimulus programme. The BOJ, however, left policy unchanged, giving the dollar some respite. Many, though, continue to expect a hawkish shift by the BOJ this year, as policymakers continue to tweak policy in order to extend the life of the yield curve control (YCC) mechanism, which pins short-term rates at -0.1% and keeps 10-year yields in a band around zero. "Clearly, the market regards the YCC policy as well past its use-by date, and it's only a matter of time - and probably months rather than quarters - until the BOJ sounds the death knell on it," said NAB's Attrill, who predicts dollar-yen will decline to 125 by end-March. "The era of yen weakness is rapidly falling behind us." Meanwhile, sterling was last trading at $1.2391, up 0.12% on the day. The Australian dollar rose 0.18% to $0.7041 and the New Zealand dollar advanced 0.27% to $0.6508.
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Good morning, US stock futures are flat to negative. Techs with relative weakness while Small Caps and Dow showing relative strength. Dollar rising off recent pullback, 10yr ticking back above 4% Gold and Silver lower by about 1% Crude and NG also about 1% lower $AMZN down 12% on forecast, but off last nights lows $AAPL shook off initial earnings drop $PINS, $INTC nice jumps on earnings China names again in the dumps More earnings on tap this morning along with some economic news before the open Trade Well
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Good morning, US stock futures are down about 0.7% at the moment, Small Caps with a bit of relative weakness again but not nearly as significant as yesterday. Gold and Silver pretty flat Crude holding onto most of this weeks gains NG closing in on $7 range again, up modestly $PINS up 4% on upgrade from GS $VZ up 2% on Oppenheimer upgrade Weekly jobless numbers released at 8:30 Monthy job numbers comes out tomorrow before the open which is much more of a market mover. Trade Well.
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By Tom Westbrook SYDNEY (Reuters) - The dollar surged to a fresh two-decade high and Asian stocks hit a two-year low on Thursday after the Federal Reserve sharply hiked U.S. interest rates and projected raising them further and faster than investors had expected in order to tame inflation. The median of Fed officials' outlook, which has U.S. rates at 4.4% by year's end and staying high in 2023, seemed to spook even hawkishly positioned rates and currency markets and quickly extinguished relief that Wednesday's hike had not been larger. The dollar index, a measure of the greenback against a basket of majors, extended Wednesday gains to make a new 20-year high at 111.72 during the Asia session. [FRX/] The euro sank to a 20-year low of $0.9807 as Russia mobilised reservist troops for war in Ukraine. The yen briefly hit a 24-year trough when Japanese policymakers unanimously stuck with ultra-easy settings, as expected. Gold fell 1%. Sterling, the Aussie, kiwi, loonie, Sing dollar and yuan all made milestone lows. S&P 500 futures fell 0.6% and European futures dropped 2%. "The Fed is not going to stop any time soon and there's going to be an extended period of restrictive monetary policy for at least the next year or so," said Sally Auld, chief investment officer at wealth manager JB Were in Sydney. "What else do you buy except for the U.S. dollar at the moment?" she added, citing growth clouds over Europe, Britain and China and yen weakness as Japan holds interest rates low. MSCI's broadest index of Asia-Pacific shares outside Japan dropped 1.4% to its lowest since May 2020. Japan's Nikkei fell 0.8% and touched a two-month low. The U.S. yield curve deepened its inversion as investors priced out the chance of a "soft" economic landing and braced for damage to longer-run growth. The two-year yield rose to as high as 4.1320% in Asia while the 10-year yield held at 3.5416%. [US/] "The chances of a soft landing are likely to diminish to the extent that policy needs to be more restrictive, or restrictive for longer," Fed Chair Jerome Powell told reporters after the rate hike announcement. HIKES AHEAD Central bank meetings in Taiwan, the Philippines, Indonesia, Switzerland, Britain and Norway are due later in the day with hikes expected everywhere. Japan and China are the only major global outliers, with China cutting rates to support a sputtering economy and Japan waiting for wage growth before considering an exit to an enormous bond buying project that pins rates near zero. The yen shot to a two-decade low at 145.50 per dollar in the wake of the BOJ keeping policy steady, before rebounding a bit as traders are jittery about the prospect of currency intervention. Governor Haruhiko Kuroda's views on the yen's precipitous slide will be closely watched when he speaks at 0630 GMT. The Australian and New Zealand dollars were pinned at their lowest since mid-2020, with the Aussie down 0.7% on Thursday at $0.6586 and the kiwi down 0.6% at $0.5816. "Between the escalating geopolitical risks over Ukraine and the hawkish Fed, the U.S. dollar is ever rampant," said currency strategist Alvin Tan at RBC Capital Markets in Singapore. In commodity markets, oil recouped early losses as concerns over tight supplies heading into winter eclipsed fears of a global recession which sparked a slide in the previous session. Brent crude futures rose 50 cents, or 0.6%, to $90.33 per barrel by 0319 GMT. U.S. West Texas Intermediate (WTI) crude rose 45 cents to $83.39.[O/R] Wheat steadied after rising on fears of a wider and deeper war in Ukraine. [GRA/] Cryptocurrencies were pinned near recent lows, with bitcoin at $18,795.
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RECAP 8/25 Unusual Calls $CGC Aug26 4 C $LPG Oct 17.5 C $CLAR Dec 30 C $SU Sep 35 C $PINS Aug26 21.5 C $GM Sep 45 C $ABBV Nov 155 C $T Oct 19 C $PDD Oct07 61 C $WDC Jan 57.5 C $CSCO Mar 47.5 C $INTC Nov 40 C $F Jan-24 20 C $AAL Sep 15 C $PLBY Sep 5 C $AMZN Sep 155 C $HOOD Sep02 10 C $GT Sep 15 C
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PINS is the Devil
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US stock futures flat after /ES hit 4000 yesterday extending a very nice run. Crude struggling to get any momentum either direction, has been stuck in mid $90's area. $SNAP getting slammed on earnings results, affecting $PINS, $META and some others. Will see how we close out the week. Trade well.
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Good morning, US stock futures are modestly higher, /ES at the $3800 level. Gold and silver are flat, Crude is up 1.5%, NatGas down 2% $UNH up 2% on earnings $PINS up on 9% stake by Elliot $ALLO up 15% on GS upgrade $CODX down over 20% on earnings, forecast and downgrade Retail sales come out at 8:30 this morning Trade Well
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