Having now made a mockery of the technical support between 1.28760-80 the pair is down to test the strength of buy orders around 1.2850.
EURGBP is also lower again at 0.8452 but slowed by cable also losing ground ot 1.5205 after that short-lived rally to 1.5272
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Japan's exports jump 14.8% on AI chip demand, trade surplus widens. Oil imports drop 50%.
HUBB's 10.2% revenue growth & 19.7% EPS surge beat market. EBAY's 5.8% sales growth & WST's margin decline raise flags.
FLWS revenue down 5.5%, VSAT cash-burning, ACDC low FCF. AI flags Meta, CRWD, AVGO for huge returns.
SLM drops 20% to $21.71, trades at 8.1x forward P/E. Weak revenue growth signals risk despite cheap valuation.
VSCO's low margins & slow growth raise red flags; NSSC & CI show strong revenue & EPS growth.
Japan's April exports rose 14.8% year-on-year, well above the 9.3% forecast, producing a surprise trade surplus of 301.9bn yen, as crude oil import volumes collapsed 64% in their steepest fall since 1980.
Nvidia's 200%+ profit surge fuels Asian tech stocks; Kospi up 6.7%, Nikkei 3.5%. Yields ease.
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