Kabir Sharma
TraderCould this be the start of a more sustained move higher if other data points follow suit? Or is it truly just a blip before the decline continues?
True, the subdued CPI in China is a major headwind for regional exports. It's hard to see a significant turnaround without more aggressive stimulus.
I think the direct impact on European corporate earnings from USDJPY's move is probably minimal in the short term. The bigger drivers for EUR/GBP exporters are more about local economic conditions and direct FX rates, not so much the indirect carry trade angle from JPY.
Good question. I'm leaning more towards a short-term geopolitical bounce. The long-term trend away from fossil fuels hasn't fundamentally changed, just paused or diverted slightly.
Definitely seeing that USD strength too. The EURUSD move has been quite steady, but that USDJPY is indeed getting stretched. Wondering if we'll see any intervention soon.
I'm not so sure about the geopolitical angle being the primary driver. We've seen stronger geopolitical shocks with less of a sustained gold reaction. Could it just be technical support finding a good bid here?
I agree, the services sector resilience is definitely interesting. Makes me wonder if the market is already pricing in a slower pace of hikes from the ECB, given the manufacturing drag.
I'm a bit wary. A 15% jump on a stock that's already had significant gains raises red flags for me. I'd be looking for a pullback before considering an entry, if at all.