2023/04/26 (219) Column

I Am Not Writing Any Daily Colums
I’m Currently In Negotiations With A Financier Who Might Possibly Will Finance
Our Daily DEVISE 2 DAY Affiliate Financial Market Online Newspaper All By Himself !?
That`s Why I Don’t Want And/Or Can’t Take Time To Write Useful Daily Columns In The Next Weeks …


The last D2D Edition, in the current format and/or design, will therefore appear on Thursday, May 11, 2023 for the time being. And then back again, regardless of my current negotiations, then at the latest from Sunday, September 03, 2021, again for all interested financial market participants. Whether in the same format and/or also affiliate partners or even a new individual financier !? I don`t know yet ?! We will – one way or another – experience this together from September 2023. So a big THANK YOU to all loyal readers – and until Sunday, September 3rd, 2023 at the latest. If you have any further questions, contact me at Devise2Day@gmail.com …DEVISE 2 DAY 48h
– Last News About What Drives The News Media

CHINA NOW PEACE BROKER?
Zelenskyj Calls Xi For The 1st Time Since The Beginning Of The War

Chinese President Xi Jinping and his Ukrainian counterpart Volodymyr Zelenskyy have spoken on the phone for the first time since the Russian attack on Ukraine began. Zelenskyi said Wednesday he had a long and meaningful talk with Xi. According to Selenskyj’s spokesman, the call lasted almost an hour. The Chinese government announced that it would send an envoy to Kiev in an effort to find a political solution to the conflict.

“I believe that this call and the appointment of the Ukrainian ambassador to China will give a strong impetus to the development of our bilateral relations,” Zelenskyy wrote on Facebook without further explanation. In an official statement on his website, the conversation was described as productive. It is a precursor for a possible interaction with the goal of building a just and sustainable peace for Ukraine.

Zelenskyi underlined the need to regain all Ukrainian territory from Russia. “There can be no peace at the expense of territorial compromises,” he said. According to his office, the president called on other countries not to send arms to Russia because this would allow Moscow to continue its aggression.

The Chinese Foreign Ministry said Beijing wants to facilitate talks for peace. This is the central position of the government. It was also said that an emissary – a former ambassador to Russia – would visit Ukraine to seek a political solution.

The statement agreed to Ukraine’s demand not to crush its territory through Russian annexations. At the same time, it was made clear that Beijing values ​​its longstanding relationship with Ukraine. “Regardless of how the international situation develops, China will work with Ukraine to promote mutually beneficial cooperation,” it said.DEVISE 2 DAY 48h
– Last News About How Drives The Price Action

Nasdaq, Dax:
Sell Signals And The End Of The Rally!

The bullish narrative of a soft landing of the US economy (soft landing), in which the Fed nevertheless miraculously lowers interest rates, suffered a severe blow yesterday: hence the US leading index S&P 500 for the first time in 22 trading days with a daily close of more than -1%, the Nasdaq even with a minus of 2%, yields also fell sharply due to recession worries.

Only the Dax is doing well – but for how long?
Because if the USA experiences a recession, it will not go past the Dax, which has been so optimistic of late. Despite a rally from Microsoft and Google, the US markets gave sell signals yesterday (stochastics, RSI) – today a recovery is likely for the time being, but overall the rally is very likely to be over now.

Wall Street:
The (Still) Concealed Weakness Of The Stock Markets!

The Microsoft share in particular (still) conceals the weakness of the stock markets on Wall Street – while the majority of US stocks are falling, a few tech heavyweights make the US indices appear stronger than they really are (equally weighted – i.e. if all stocks had the same weight in the index). In “healthy” markets – ie in bull markets – the broad mass of stocks rise, not just a few.

Therefore, the US stock markets are most likely not in a bull market, but in a disguised bear market, which is likely to be revealed soon. Today, the turbulence surrounding the First Republic Bank continues – the US government obviously does not want to bail out the bank (yet?), while the focus is now increasingly on the debt ceiling.Forex 10Y Government Bond Yields Commodties Stock Markets

GBPUSD Towards To 10-Month High ZAR10Y at Near 2-Month High Brent Crude Falls Over 1% Hang Seng Closes Higher for 1st Session in 4
USDJPY Rises on Haven Demand DEU10Y Eases to 2-Week Low Sugar Extends 11-Year High Russian Shares Close Marginally Lower
European Shares Fall Slightly
FTSE 100 Remains Under Pressure
US Stocks Close Mixed

Sterling Rises Towards 10-Month High
Sterling appreciated towards $1.25, moving closer to an over-10-month high of $1.2546 hit on April 14, as concerns over the US banking system hit the dollar and as investors see a 92% chance of a 25 bps hike from the Bank of England at its May meeting. Markets have priced in a few BoE interest rate increases this year that will push up Bank Rate to around 4.9% by September from 4.25% currently. Meanwhile, Britain’s latest reports painted a mixed picture of the country’s economy. Data from the ONS showed that retail sales fell more than expected in March amid the rising cost of living and poor weather conditions. Meanwhile, the latest Markit PMI survey suggested that Britain’s GDP expanded the most in a year in April, adding to signs that the economy might avoid a recession in 2023. Earlier, the highly-anticipated CPI report revealed Britain’s inflation rate remained above the 10% mark for a seventh straight month in March.

Japanese Yen Rises on Haven Demand
The Japanese yen appreciated past 134 per dollar, hitting its highest levels in nearly two weeks, as renewed concerns about the financial sector and global economic uncertainties lifted demand for the safe-haven currency. Meanwhile, latest data showed Japan’s core inflation remained well above the central bank’s target, supporting market forecasts that the Bank of Japan could normalize monetary policy later this year. The country’s core consumer price index rose 3.1% year-on-year in March, and an index, excluding fuel costs, increased at the fastest annual pace in four decades. Investors now look ahead to the BOJ’s policy meeting later this week, the first to be led by new central bank chief Kazuo Ueda, who stated previously the body would stick to its ultra-easy monetary stance until price stability is achieved.South Africa 10-Year Bond Yield at Near 2-Month High
South Africa’s 10-year government bond yield was around 10.19%, holding close to a two-month high of 10.23% hit on April 25th, amid expectations that the central banks will continue their tightening campaign due to persistently high inflation and despite growing recession fears. Domestically, a surprise acceleration in South African annual inflation reading to 7.1% in March, boosted by rising food prices, should prompt the Reserve Bank to prolong its hiking cycle with an at least 25 basis increase in May. In its April Monetary Policy Review, the central bank said headline inflation had peaked, but core inflation remained elevated, putting upward pressure on the consumer prices outlook.

German Bund Yield Eases to 2-Week Low
The German 10-year government bond yield dropped towards 2.3%, down from an over one-month high of 2.54% on April 19th, as concerns grew about the US banking system after First Republic Bank reported a more than $100 billion plunge in deposits in the first quarter. At the same time, investors braced for the European Central Bank’s policy meeting next week, pricing in a 75% chance of a 25bps rate hike. They also projected the deposit facility rate at around 3.75% by fall. Still, several analysts did not rule out the 50 bps move since some ECB hawks have been calling for further tightening. Croatian central bank Governor Boris Vujcic said recently the ECB had “no choice but to raise rates further” until there was a “change in trend” in underlying inflation. On the economic data front, German consumer sentiment rose for a seventh straight month heading into May on moderating energy prices and expected wage increases.

Brent Crude Falls Over 1%
Brent crude futures dropped more than 1% to below $80 per barrel on Wednesday as concerns about slowing global economic growth outweighed support from falling inventories and prospects of smaller global supplies. Tightening financial conditions and recession worries, with central banks from the United States to Europe projected to raise interest rates next month, have clouded the outlook for fuel demand, particularly in advanced economies. On the other hand, the latest EIA report showed US crude inventories dropped 5.054 million barrels last week, far exceeding expectations of a 1.486 million barrel decline. Additionally, keeping the floor under prices, weekly crude oil stocks in SPR fell to the lowest since October 1983. Elsewhere, more output cuts planned by OPEC+ from May could constrict global markets further.Sugar Extends 11-Year High
Raw sugar futures extended their upward momentum to above 26.5 cents per pound, the highest in more than 11 years, amid deepened concerns over weak supply. Sugar output in India, the world’s second-biggest producer, was revised downward again to 32.8 million tonnes this marketing year compared to earlier estimates of 36 million tonnes, largely due to a lack of adequate rainfall in the key Maharashtra region. Meanwhile, sugarcane production was projected to rise in top supplier Brazil. However, growers would likely allocate larger volumes of the crop to more profitable biofuel blending, as the end of tax exemptions for gasoline in the country is set to raise demand for lower-taxed sugarcane ethanol. At the same time, sugar production in Europe slid on lower beet crops derived from reduced acreage and severe summer drought.

Hang Seng Closes Higher for 1st Session in 4
Shares in Hong Kong climbed 139.39 points or 0.71% to finish at 19,757.27 on Wednesday, snapping three-session of losses and trying to escape an over-1-month low touched the day before, amid notable wins from tech, property, and consumers. Traders were upbeat after several major banks raised their 2023 growth forecasts for China to about 6% or higher. The world’s second-largest economy grew the most in a year in the March quarter, recovering from pandemic disruptions. Also, April’s indicators were largely positive, suggesting the economic rebound was on track, according to Bloomberg News. Limiting the gains were reports that the US consumer mood dropped to a nine-month low in April. Meanwhile, worries about a new wave of COVID cases in China during the May holidays persisted. Tencent Hlds. posted strong rises (3.7), alongside Kuaishou Tech (6.3%), Xinyl Solar Hlds. (5.5%), Swire Pacific (4.9%), JD.Com (2.9%), and Xiaomi Corp (1.5%).

Russian Shares Close Marginally Lower For 3rd Session
The ruble-based MOEX Russia index closed slightly below the flatline at 2,620 on Wednesday, easing for the third session since hitting a one-year high on Friday as gains for banks continued to offset the slight pullback for commodity-backed stocks. Steel producers underperformed other metallurgists and miners as evidence of low demand in China pressured the outlook for the sector, with Severstal and MMK dropping 1.4% and 2%, respectively. On the other hand, VTB added nearly 5% to extend the rally for banks, underscoring the disconnect between Russian and Western financial markets. Among smaller caps, Rosseti and TGC-1 rallied 10% and 5%, respectively, after the Russian government said it will temporarily seize foreign-held shares of Unipro and Fortum in retaliation to EU asset seizures.

European Shares Fall Slightly
European stocks held onto early losses to trade 1% lower Wednesday, as investors digested a batch of earnings updates and economic data while remaining concerned about the impact of rising interest rates on the global economy. Shares of sportswear maker Puma dropped more than 2% as it expected Q2 sales to grow at a slower pace, below its full-year target, due to high inventory levels and persistently high inflation, while semiconductor equipment maker ASM International reported a drop in Q1 orders, citing softening market conditions.

FTSE 100 Remains Under Pressure
Equities in London remained under pressure on Wednesday, with the benchmark FTSE 100 finishing around the 7,850 mark, as losses in the healthcare and industrials sectors offset gains in technology. Investors continued to parse corporate earnings results for signs about the global economy’s health while contemplating the future interest rate path.

US Stocks Close Mixed
The Dow sank over 220 points on Wednesday while the S&P 500 slid 0.4% as renewed fears about the US banking sector weighed on sentiments. First Republic Bank plunged 29.7% after Bloomberg reported the lender is studying divesting as much as $100 billion of assets as part of a rescue plan. Shares of the bank tumbled almost 50% in the previous session after reporting that deposits shrank by 41% in the first quarter. On the other hand, the tech-heavy Nasdaq 100 rose 0.5% led by upbeat results from corporate America. Microsoft jumped 7.2% after beating quarterly estimates for both revenue and earnings, and Boeing rose 0.4% after the planemaker said it would boost production of 737 Max planes.DEVISE 2 DAY 48h
– Where I Was Wrong, Where I Was Right

For the first time since Russia invaded Ukraine last year, Chinese President Xi Jinping held a phone call with Ukrainian President Volodymyr Zelenskyy on Wednesday (April 26), after months of Kyiv and Western politicians pushing for such talks. “I had a long and meaningful phone call with [Chinese] President Xi Jinping,” Zelenskyy tweeted. “I believe that this phone call, as well as the appointment of the Ukrainian ambassador to China, will give a strong impetus to the development of our bilateral relations,” he added. Zelenskyi’s spokesman Sergii Nikiforov said in a Facebook post the call lasted almost an hour, adding he would provide details later. At the time of publication, no information has been released about the exact content of the conversation. Ukrainian officials have long urged Beijing to use its influence in Russia to end the war.

If I correctly perceive from the outside, with all modesty, what is reported in the media worldwide, around the globe, then the Ukrainian president should refer to the paper of the communist Chinese government. On their 12 point plan; where under point 1 the sovereignty of national borders should already be respected. And that is the crucial point; because the opposite is war! Or?

However, the other stoty i illustrated on todays front page was a better one. It was about sport and not financial markets, let alone war.

Mohamed El-Erian, one of the world’s great investment strategists, and a New York Jets superfan, has a word of caution about Aaron Rodgers, after he signed up to theNY Jets today: „don’t let the race to win now ruin long-term stability.“ And wrote in an email, whoch yahoo news published today, rhat “It will be crucial to supplement this short-term solution with a continued and comprehensive emphasis on a longer-term break away from too many years of disappointments.“ 

I love El-Eria’s comments on the price action. And also thefact that he has always been an outspoken NY Jets fan for well over a decade – just like me, an Aaron Rodgers fan. Unlike him, however, I am not as reticent about the future of the NY Jets in the coming  season. Because the play-offs are mandatory with Aaron Rodgers, because it was already possible to reach them in the past season. And what happens then in January 2024?
 I’m already looking forward to it!

                 Regardless of that let`s briefly throw a detailed overview of our all still open 4XSetUps yet:

                 TradingView Symbol since entry         target stop

long ICE-FX_IDC:EURUSD 2023/01/03 1.0545         1.1496 0.9935
long XETR:ADS 2023/02/12 139.26            170.08 121.30
TVC:US01Y 2023/03/03 4.79%
long CME:BTC1! 2023/03/20 27945         34455 25350
long CBOT_MINI:YM1! 2023/03/26 32434         35228 31148
long EUREX:FDAX1! 2023/03/28 15299         17675 12586
long BSE:SENSEX 2023/03/30 57960.09         63583.07 52516.76
short TVC:UKOIL 2023/04/20 80.75         60.30 89.05

In the Financial Markets 4XSetUps (from page 25) i choosed the NYSE-HD share today.
I came to the bullish/bearish result of 15:3, with the help of the methods of the technical analysis – thanks to numerous different indicators. But watch, analyze, and/or evaluate for yourself (buying/selling or not trading).

The Home Depot, Inc. engages in the sale of building materials and home improvement products. Its products include building materials, home improvement products, lawn and garden products and decor products. The firm operates through the following geographical segments: U.S., Canada and Mexico. It offers home improvement installation services, and tool and equipment rental. The company was founded by Bernard Marcus, Arthur M. Blank, Kenneth Gerald Langone and Pat Farrah on June 29, 1978, and is headquartered at Atlanta, GA.

And last but not least, some price action news out of todays trading session:

In the united states today Walt Disney decreased to a 4-week low of 97.39, Pfizer decreased to a 21-month low of 38.96 and/or Microsoft increased to a 12-month high of 295.73. Meanwhile the Nasdaq 100 Future rose 0.5%, buoyed by Meta Platforms, which surged 11% in after-hours trading as the Facebook owner beat revenue expectations in the first quarter and issued strong guidance for the current period. S&P 500 and Dow futures also increased 0.2% and 0.1%, respectively. In regular trading on Wednesday, the Nasdaq Composite gained 0.47%, while the Dow and S&P 500 fell 0.68% and 0.38%, respectively.