Netflix Shares Soar

Shares of Netflix (NFLX) surged 10 percent in after-hours trading on Monday after the company shared its stronger-than-expected second quarter of 2017. The streaming giant posted a revenue of $2.78 billion for the quarter, exceeding economists’ expectations of $2.76 billion in sales. Earnings per share were $0.15, missing estimates by a penny. Netflix added 5.2 million new international subscribers and has now a total of 104 million subscribers worldwide. Netflix said it expects revenue to reach nearly $3 billion in the third quarter.

source:TheStreet, Investing.com

U.K releases its Consumer Price Index for June at 08:30 GMT today and this report could shed light in purchasing trends and inflation of U.K. Later during the day, the governor of Bank of England, Mark Carney is set to deliver a speech at 13:30 GMT. His comments are closely analysed as he has more influence over the value of the pound sterling and may thus set short-term positive or negative trend for the currency.

Germany’s ZEW Economic Sentiment for July is due to be released at 09:00 GMT and this could impact the value of the euro on the market, keep a close watch. Important earnings report are also due to be released today, starting with the Bank of America’s second quarter growth, the International Business Machines (IBM) and Goldman Sachs will also be releasing their second quarter reports.

Technical Analysis

EUR/USD

EUR/USD

The EUR/USD pair shifted towards an uptrend around 08:00 UTC on Monday, it maintained momentum around 16:00 UTC and ended this bullish trend by 19:00 UTC at $1.14825. Today, the currency pair was seen quoted at a highest level of $1.15292 around 01:00 UTC, but started dropping gains from the very next hour. This asset can be traded with the 60 Seconds Trading today as it could fluctuate on the forex market.

GBP/USD

GBP/USD

This currency pair followed a downtrend throughout yesterday as it recorded several bearish candles. It opened today’s session on a positive note at 00:00 UTC at $1.30511 to close this bullish trend by 03:00 UTC at $1.30925. The GBP/USD pair gained momentum in today’s early trading hours as the U.S. dollar languished at a 10-month low. It is expected to edge higher during the day as it trades above the Ichimoku Cloud indicator today.

EUR/GBP

EUR/GBP

The pound has put significant gains against the U.S. dollar as the EUR/GBP pair performed remarkably ijn yesterday’s session. On Monday, this currency pair recorded a huge set of momentary jump as from 13:00 UTC at the 0.87707 level to close this bullish trend by 19:00 UTC at the 0.87746 level. Today, it started tumbling during the early trading hours around 03:00 UTC at the 0.88116 level and may continue to drop on the forex market.

Things to watch on the market

Tip 1

After the soaring value of shares, investors are advised to trade on stocks of NETFLIX, the AMAZON VS NETFLIX pair and the Nasdaq index as Netflix is a component of the NASDAQ.

 

Tip 2

Currency pairs such as the EUR/GBP, GBP/USD, and the GBP/JPY should not be missed as data releases can influence these today.

 

Tip 3

Assets such as EUR/JPY, EUR/AUD, DAX, stocks of Bank of America, and IBM stocks should be traded once these are made available on the trading platform.