Bitcoin 'miners' are losing money at any price below $8,600: Morgan Stanley

Negativity on Wall Street flowed through to Asian markets on Friday with regional stock indexes tracking lower in early trade amid declines in the technology sector.The Nikkei 225 slipped 0.34 percent in early trade as semiconductor companies traded lower while financials and utilities held onto gains in early trade.South Koreas benchmark Kospi index slipped 0.44 percent and Australias S&PASX 200 was lower by 0.26 percent.If bitcoin cant recover $8600 soon bitcoin miners will likely find it unprofitable to keep creating the [read more]

Asian markets slip as technology stocks decline

Negativity on Wall Street flowed through to Asian markets on Friday with regional stock indexes tracking lower in early trade amid declines in the technology sector. The Nikkei 225 slipped 0.34 percent in early trade as semiconductor companies traded lower while financials and utilities held onto gains in early trade. South Koreas benchmark Kospi index slipped 0.44 percent and Australias S&PASX 200 was lower by 0.26 percent.Semiconductor companies in the region traded lower [read more]

AUD/USD: A meaning downside correction on the cards? – Morgan Stanley

In its latest overnight client note on the AUDUSD outlook analysts at Morgan Stanley believe that the Aussie is poised for a meaningful downside correction. Key Quotes After a string of positive surprises in 2017 the March employment data indicate a deceleration in employment growth during 1Q18. With inflation running below the central banks target range midpoint the strengthening labor market has been the cause for increasing bullishness from the RBA over the past 6 months.Todays report should [read more]

GBP/USD risk reversals: Bearish bias strongest in 6.5-week

The GBPUSD fell to 1.4067 yesterday its lowest level since April 6. The drop from 1.4377 (weekly high) to 1.4067 indicates the tide has turned in the favor of the GBP bears.The options market is also bearish on the GBP. The onemonth 25 delta risk reversals are being paid at 0.5 GBP puts vs the recent high of 0.2 GBP puts. The rise in the implied volatility premium for the GBP puts indicates increased demand for the bearish bets (put options) investors expect further [read more]

Philip Morris Big One Day Slump

The law of higher expectations has caught up at least in the short term to the heatnotburn traditional cigarette market in general and to Philip Morris International in particular.PMIs share price fell 14.4 percent Thursday or by $14 to close at $83.The manufacturer said Thursday it experienced a less rapid than initially projected growth in firstquarter sales of Marlboro Heatsticks in the pivotal market of Japan. The Heatsticks are based on PMIs iQOS technology.That disclosure proved enough to send the [read more]

Short Term Short For Correction On Netflix?

Netflix is catching up to Disney and one strategist says its gains arent done yetNetflix is moving in on the mouse house.After adding billions in the last week Netflix is edging closer to surpassing the Walt Disney Co.s market cap. That could happen sooner rather than later if one strategists forecasts pan out.Netflix is really an outperformer says Katie Stockton founder and managing partner of Fairlead Strategies on CNBCs Trading Nation on Wednesday. Its an established leader and does have strong positive momentum.Netflix has added [read more]