The above video kickstarts the North American session with a technical look at the 3 major currency pairs – the EURUSD, USDJPY and GBPUSD.
All three are within 0.13% of unchanged in confined trading as the market awaits the next shove
Perhaps it is as the market traders await the England vs Argentina footie match later today. Congrats to Spain on their win yesterday vs France securing their place in the finals on Sunday. Back to the market, a number of major U.S. financial companies reported stronger-than-expected second-quarter results overnight, continuing the positive tone from the start of earnings season.
Results were broadly driven by resilient capital markets activity, solid fee income, and better-than-expected profitability, with every major company below exceeding both earnings and revenue expectations. Morgan Stanley (MS): EPS $3.46 vs. $2.93 est. (BEAT), Revenue $21.31B vs. $19.65B est. (BEAT) Bank of New York Mellon (BK): Adj. EPS $2.46 vs. $2.23 est. (BEAT), Revenue $5.70B vs. $5.40B est. (BEAT) Johnson & Johnson (JNJ): Adj.