Netflix Stock Up After CEO Announced He Is Bringing The Obama Into Netflix

Reed Hastings is bringing the Obamas to Netflixheres the strategy that helped him grow a billiondollar businessOn Monday Netflix announced that the newest contributors to its streaming platform would be former U.S. president Barack Obama and former first lady Michelle Obama.The news comes less than two years after Mic first reported that Obama had plans to continue a career in digital media after his presidency and only months after Barack Obama appeared as a guest on the Netflix original show My Next Guest Needs No Introduction with David Letterman. The Obamas multiyear agreement with Netflix [read more]

A light US trading session to end the week - ANZ

Analysts at ANZ explained that uncertainty around the outcome of trade talks between the US and China contributed to a light US trading session to end the week.  Key Quotes The S&P 500 fell 0.3% with financials energy and technology stocks underperforming. The latter was dragged down by soft earnings. The DJIA was unchanged and the NASDAQ fell 0.4%. The US 10year bond yield fell from last weeks high of 3.11% to 3.06% but the US dollar index lifted slightly. European markets ended [read more]

AUD/NZD catches some early week lift into 1.09 as the Kiwi slumps on Retail Sales

The AUDNZD is climbing after the Kiwi flubbed early week economic figures and the pair is trading into 1.0900 ahead of Mondays Tokyo open.The Aussie caught some early lift against the NZD this week after the New Zealand Retail Sales figures missed expectations coming in at just 0.1% for the first quarter far below the previous reading of 1.7%. The Kiwi has been plagued by consistently disappointing data as of late and the Reserve Bank of New Zealand is expected to remain flat on interest rates well [read more]

USD/CNY fix projection: 6.3848 - Nomura

Analysts at Nomura offered their models projection for todays USDCNY fix. Key Quotes Our model1 projects the fix to be 85 pips higher than the previous fix (6.3848 from 6.3763) and 88 pips higher than the previous official spot USDCNY close of 6.3760. The basket implied change is 105 pips higher than the previous official spot USDCNY close (6.3865 from 6.3760). source fxstreet [read more]

Total Cryptocurrencies Market See Slight Growth

Crypto markets saw some growth over the past 24 hours with all of the top ten currencies listed on Coinmarketcap currently in the green and total market capitalization approaching $392 bln.Bitcoin (BTC) is up around 3 percent in 24 hours to press time currently trading at $8520. Bitcoin price chartEthereum (ETH) has crossed the level of $700 currently trading at $719 with an increase in the value of about 3% over the past 24 hours. Ethereum [read more]

The Week Ahead

Purchasing managers index (PMIs) from around the globe but especially from the eurozone and the US dominate the week while UK watchers get consumer price index (CPI) and retail sales data.Time in Sydney Australia  Monday9.50am Japan trade balance (April) surplus expected to narrow to Y498 billion. Market to watch JPY crossesFrench Germany and Switzerland bank holiday  Tuesday1.30am US Chicago Fed index (April) forecast to rise [read more]