Erik Schafhauser Zürich Erik Schafhauser Zürich Erik Schafhauser Zürich

Morning Brew February 20

Morning Brew 1 minute to read
Erik
Erik Schafhauser

Senior Relationship Manager

Summary:  China fails to impress markets with lower rates, Earnings key


Good Morning,

China lowered the key 5 year Mortgage rate by 25 BPS over night but failed to excite markets with the move.

The 10 year yields in the US are the  4,30 and the US500 is trading below the 5k at 4991, US 30 38522 and the US Tech 100 NAS at17652. The GER40 is 17050 and Swiss 20 11395.

The USD Index trades at 104.32 with EURUSD1.0770, GBPUSD 1.2590 and USDJPY 150.38. Bitcoin is off the highs at 51900. Gold and Silver are at 2019 and 22.95.

The Middle east remains a powder keg after Irael attached a weapons storage in Lebanon yesterday and Houthi Rebels attacked and possibly sunk a British vessel.

Today`s focus after the holiday will be on the Wallmart and Home Depot earnings and for traders int eh Loonie the Canadian CPI.

Real attention is on the Nvidia earnings tomorrow after the close with huge expectations in terns of volatility expectations and as indicator for the AI hype in general.

Please find two articles by Peter and Koen to that regard and expect sharp moves today and tomorrow in Nvidia shares and options as traders adjust positions ahead of the event.

All eyes on Nvidia earnings as AI boom reaches historic proportions

Volatility report - week 08 - earnings, expected moves and trade setups (SMH, PANW, NVDA, SQ)

Tuesday
- Data, China Rates, Canada CPI,
 - Earnings: BHP, Air Liquide, Medtronic, Wallmart. Palo Alto, Home Depot

Wednesday
- Data, EU Consumer confidence,  Fed Minutes
- Earnings: HSBC, Rio Tinto, Glencore, Analog Devices, NVIDIA; Synopsis, BAE Systems

Thursday
- Data International PMI, Turkey Rate decision, US Initial jobless claims,
- Earnings: Zurich Insurance, Nestle, AXA, Booking.com, Intuit, Mercedes, Iberdrola,

Friday
- Data DE GDP, IFO,

- Earnings: Deutsche Telekom, Allianz

Saturday: Berkshire Hathaway Inc

Expiries

Physically Settled Futures

CLH4 will expire 20 Feb 2024 at 16:00 GMT

KCH4 will expire 20 Feb 2024 at 16:00 GMT
PAH4 will expire 21 Feb 2024 at 16:00 GMT

 

Expiring CFDs

OILUSMAR24 will expire 16 Feb 2024 at 16:00 GMT

PALLADIUMMAR24 will expire 20 Feb 2024 at 16:00 GMT

COTTONMAR24 will 

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