2023/04/24 (217) 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

Bitter Battle For Bakhmut – Kiev Demands More Weapons

In the fight against the Russian invasion, Ukraine is demanding a tenfold increase in western military aid and tougher sanctions. “We are grateful to our allies for their military assistance. But that’s not enough,” Deputy Foreign Minister Andriy Melnyk wrote on Twitter on Saturday. “Ukraine needs ten times more to end Russian aggression this year.” So far, all allies have provided a total of 55 billion US dollars (50 billion euros). But it takes ten times that, emphasized the diplomat, who had been ambassador to Germany for a long time.

Meanwhile, Ukrainian President Volodymyr Zelenskyy called for tougher sanctions and enforcement of the existing sanctions against Russia. “The tougher the sanctions against Russia and against the entire Russian war economy, the faster the war will end,” he said in his daily video message. On the other hand, Russia repeatedly claims that the sanctions are ineffective and will neither end the war nor destroy the economy of the resource superpower.

Deputy Foreign Minister Melnyk said that the partners in the West should finally stop drawing artificial red lines for their support. Rather, they should spend one percent of their gross domestic product on arms deliveries to Ukraine, he demanded. In the case of Germany alone, that would be more than 35 billion euros. The Ukrainian diplomat said the amounts are small compared to World War II. “The allies should understand the extent of this war,” said Melnyk, who also appeared on a Ukrainian television talk show on the subject. In addition to military aid, there are billions in payments from Western countries, with which Ukraine maintains its national budget.

Ukraine has been defending itself against the Russian war of aggression for around 14 months. Western countries are supplying it with the weapons and ammunition it needs. Last year, Ukraine also managed to recapture larger areas.DEVISE 2 DAY 48h
– Last News About How Drives The Price Action

Nasdaq Shows Weakness – Big Tech Must Deliver!

The Nasdaq is already showing weakness compared to the leading US index S&P 500 – no wonder given the already astronomical ratings of the tech companies (excesses, especially for stocks like Nvidia).

Now the big tech companies with their huge market capitalization have to deliver this week, otherwise disaster threatens. Because the strong performance of big tech stocks has masked the weakness not only in the Nasdaq, but also in other indices.

This week now the figures from Microsoft and Alphabet (Tuesday), Meta (Wednesday) and Amazon (Thursday) – Apple will not come until next week. However, almost half the market cap in the S&P 500 is now set to report this week – so we’re in for a week of truth with likely big moves in US indices!

Nasdaq Stocks: Fully Invested Bears!

It’s been said over and over again that sentiment in Wall Street stock markets is so bearish – but then why have the big Nasdaq stocks risen so much since the start of the year?
Are these all fully invested bears?

In the first quarter, the previous record for cash inflows into US stocks and US stock ETFs was only just missed – and long Tech is the “most crowded trade” in the Bank of America survey of large investors. Hedge funds are very short in the S&P 500 future – but invested much more long, especially in tech.

Tomorrow marks the first peak of the US tech earnings season from the Nasdaq with Microsoft and Alphabet – again thin volume trading on Wall Street in anticipation of the numbers today.Forex 10Y Government Bond Yields Commodties Stock Markets

USDCNY Eases on Fed Concerns ITL10Y Falls to 1-Year Low Zinc Hits Over 2-Year Low Asian Stocks End Mostly Lower
USDJPY Slips on Fed Concerns Wheat Near 21-Month Low Russian Shares Ease Off 1-Year High
Gold Prices Steady European Stocks Start Week Muted
FTSE 100 Ends Virtually Flat
Wall Street Ends Mixed

Chinese Yuan Eases On Fed Concerns
The offshore yuan weakened past 6.9 per dollar, pressured by firm expectations that the US Federal Reserve would raise interest rates further next month. Stronger-than-anticipated Chinese GDP data also failed to lift the currency, as a challenging global economic outlook continued to weigh on sentiment. China’s economy expanded 4.5% year-on-year in the first quarter of 2023, exceeding market forecasts of a 4% growth. On the monetary front, the People’s Bank of China kept its key lending rates unchanged for the eighth consecutive month in April, as the country’s recovery has been relatively on track. Meanwhile, softer-than-anticipated inflation figures raised the possibility of rate cuts.

Japanese Yen Slips On Fed Concerns
The Japanese yen depreciated past 134 per dollar, sliding back to its weakest levels in over six weeks amid firm expectations that the US Federal Reserve would raise interest rates further next month. 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, while an index excluding fuel costs increased at the fastest annual pace in four decades. Investors now look ahead to the BOJ’s policy decision later this week, the first to be led by new BoJ chief Kazuo Ueda, who stated previously the body would stick to its ultra-easy monetary stance until price stability is achieved.

Indian 10-Year Bond Yield Falls to 1-Year Low
The yield on the Indian 10-year government bond fell to 7.1% at the end of April, the lowest in one year, as dovish monetary policy by the Reserve Bank of India and a batch of weak corporate earnings ramped up demand for government bonds. In its latest meeting, the RBI challenged market expectations and kept its main repo rate unchanged at 6.5%, pausing its tightening cycle after 250bps of rate increases since May 2022. Softer policy anticipated the pullback in Indian inflation during March, as lower oil and food prices reduced costs for the main sectors of the Indian goods basket. A batch of concerning corporate results for tech companies also supported the momentum for government bonds, with higher-than-expected demand in the latest auction triggering short covering for many traders. In the meantime, FTSE Russell maintained Indian government bonds on its watchlist for inclusion in its fixed income indices.

Zinc Hits Over 2-Year Low
Zinc futures extended their downward trend to trade below $2,680 a tonne, their lowest since February 8th, 2021, as China’s slow recovery and recession fears prompted by higher interest rates weighed on demand prospects. Top consumer China imported 12,785 mt of refined zinc in March, down 40.10% on the year. On the supply side, recent data showed that the country’s refined zinc output increased 55,300 mt or 11.03% MoM and 12.26% YoY to 556,800 mt in March, as expected. Meanwhile, LME zinc inventories remained close to levels not seen since 1989. Last year’s shutdowns of some European zinc smelters due to soaring power prices became a key driver behind low LME stocks. The smelter bottleneck was severe enough to generate a global supply shortfall of more than 300,000 tonnes, according to ILZSG.

Wheat Hovers Near 21-Month Low
Wheat futures in the US were below $6.65 per bushel in late April, hovering close to levels last seen in July 2021 as projections for ample output and limited demand outweighed concerns for low supply from the Black Sea. Forecasts of rain in the US plains region erased worries that droughts could hamper production, compounding expectations of strong supply as the current marketing year’s crops area grew by 9%. Meanwhile, the harvest from top exporter Russia is estimated to reach 78 million tonnes in 2023, below last year’s record but high by historical standards. Exports from Russia are set to remain robust as quarterly results from the country’s key grain producers highlighted weak domestic demand. Still, uncertainty lingered on whether the Black Sea deal will be extended beyond May 18th since Western states have not yet complied with Russia’s demands to lift sanctions on its agricultural sector.Gold Prices Steady
Gold prices were little changed on Monday, hovering around $1,980 an ounce, as market participants prepared for the releases of US Q1 GDP reading and consumer confidence data for April later this week. On Friday, gold tumbled around 1%, falling from a 13-month high of $2,040 hit on April 13th, as the dollar index rose toward 102 after surveys showed US and eurozone business activity gained momentum in April, while several Fed officials supported the need for further policy tightening. Also, some ECB policymakers called for more rate hikes in upcoming meetings to tame the record-breaking core inflation.

Asian Stocks End Mostly LowerCountry List Stock Market
Asian equity markets ended Monday’s session broadly down as investors grappled with global economic uncertainties and the prospect of further monetary tightening. The Hang Seng index led losses among the region’s major markets, down almost 1%, dragged by materials stocks. In Australia, the S&P/ASX 200 slipped 0.1% to finish at 7,322, while South Korea’s KOSPI lost 0.8% to end at 2,524 points. In China, the Shanghai Composite closed 0.8% down at 3,275 points. Bucking the negative trend, Japan’s NIKKEI rebounded from earlier losses with optimism ahead of the Bank of Japan’s monetary policy meeting this week.

Russian Shares Ease Off 1-Year High
The ruble-based MOEX Russia index closed marginally below the flatline at 2,653 on Monday, easing slightly from the one-year high touched in the last session as losses for energy producers outweighed broad-based gains for other sectors. Oil companies closed 0.2% down on average, led by a 1% pullback for Surgut ahead of dividend announcements this week. Also, Yandex fell 0.4% after it bought back Uber’s $700 million stake in their joint taxi venture. On the other hand, the Bank of Saint Petersburg added 1.4%, to extend its recent rally after Belgian authorities unfroze $110 million in assets that were held in Euroclear. Also, Sberbank shares held the jump from the prior week at 14-month highs as shareholders approved the dividends of RUB 25 per share that were passed by its board.

European Stocks Start Week Muted
European equity markets were little changed on Monday, as gains in financial services were offset by losses across technology companies. Philips added almost 14% after reporting firmer sales and earnings ahead of expectations, but a widening net loss due to its restructuring and a litigation provision. Credit Suisse added 0.6% after announcing a net asset outflow of 61.2 billion Swiss francs ($68.6 billion) during its first-quarter collapse. German industrial company Thyssenkrupp announced its CEO, Martina Merz, is seeking to step down, but did not provide any reasons for the move. Elsewhere, luxury goods giant LVMH became the first European company to surpass $500 billion in market value. The benchmark Stoxx 600 closed flat at 469 and the German DAX went down 0.1% to 15,864.

FTSE 100 Ends Virtually Flat
Equities in London ended Monday’s session virtually flat, with the benchmark FTSE 100 hovering around the 7,900 mark, as losses in the technology and materials sectors partly offset gains in real estate. Investors parsed through corporate earnings results for signs about the global economy’s health while contemplating the future path of interest rate rises. Ocado Group declined more than 2% to be among the top losers on the FTSE 100. On the other hand, Dowlais Group rallied roughly 6% after completing its demerger from Melrose Industries.

Wall Street Ends Mixed
The Dow and the S&P 500 finished slightly above the flatline on Monday, while the Nasdaq lost 0.3% as investors’ focus is on a week packed with big tech earnings and economic data. So far, quarterly reports from corporate America have indicated that companies are holding up well against macro headwinds like persistent inflation and rising interest rates. Now, all eyes turn to mega-cap names, including Alphabet, Microsoft, and Amazon, scheduled to announce their results later this week. At the same time, GDP figures for the first quarter will offer further insight into the Federal Reserve’s tightening plan. Among stocks, Tesla (-1.5%) and Microsoft (-1.4%) were the main draggers of the Nasdaq. Meanwhile, Coca-Cola lost 0.1% after gaining 1% during the session on upbeat earnings and revenue. Bed Bath & Beyond tumbled 35.7% after the home goods retailer filed for Chapter 11 bankruptcy protection.DEVISE 2 DAY 48h
– Where I Was Wrong, Where I Was Right

I don’t want to talk things up better than they are; as you know if you know me. But not worse either! Having said that, it still bothers me to have picked up a bloody nose with the last 3 long 4Xsetups in the US tech sector. I was just wrong with my choice – contrary to my analysis. I simply bet on a broad recovery in the NDX. But that has not happened (not yet) for fundamental valuation reasons.

In complete contrast to the leading Indian stock market SENSEX. Who recovered faster and higher than expected. The BSE Sensex extended early gains and closed 420 points higher at 60,075 on Monday, trimming losses from the prior week with support from strong corporate earnings. Banks led the gains in Mumbai, lifted by a 2.2% jump for ICICI Bank after the lender posted a 30% surge in profit due to higher net interest income and loan growth. The result triggered a rally for the Indian financial sector, with the State Bank of India and Axis Bank jumping more than 2%. At the same time, India’s largest company, Reliance Industries, closed 0.5% higher after its profit grew by 19% in the quarter ending in March, largely due to strong performance in the oil-to-chemicals sector. All in all the SENSEX Index in Mumbai rose 408 points or 0.68 percent on Monday. Leading the gains are Wipro (2.70%), and/or Axis Bank (2.32%). Top losers were Indusind Bank (-1.33%) and/or Sun Pharmaceuticals.

However,
todays title page i illustrated
with Tucker Carlson and/or LVMH.

Because FOX News Media and Tucker Carlson have agreed to part ways, the network announced on Monday. “We thank him for his service to the network as a host and prior to that as a contributor,” a FOX News spokesperson said in a statement. I watched and liked Tucker Carlsons Show. His sharp analysis; which I didn’t always agree with, but could always understand. Hopefully we’ll see him in another public role on US political television!LVMH’s market value surpassed $500 billion, and becoming the first European company to reach that milestone, thanks to booming sales of luxury goods in China and a strengthening euro. That`s why o choosed this news as an headline also. The achievement comes less than two weeks after LVMH joined the ranks of the world’s 10 biggest companies, powered by a surge in first-quarter sales. Rival Hermes International subsequently published its own strong numbers, reinforcing the view that China’s reopening from pandemic lockdowns is fueling growth across the industry.

Anyone who had bought LVMH and/or BMW a few weeks ago – as a conservative alternative (as described at the time) – instead of the 3 speculative proceeds in the US Techs (NDX, TSLA and/or BABA) should let the profits run. Like our DOW Future, DAX Future and/or SNENSEX Index long 4XSetUps.

In the Financial Markets 4XSetUps (from page 25) i choosed the NYSE-DOW share today.
I came to the bullish/bearish result of 9:7, with the help of the technical analysis – thanks to numerous different indicators. But watch, analyze, and/or evaluate for yourself (buying/selling or not trading).

And last but not least, you can get a detail overview technical analysis (from page 55)
about the BUTCOINM Future in the Technical Analysis 4XSetUp – incl. entry, target and/or stop price.

                 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

And last but not least, I think it’s worth mentioning that the CRB Commodity Index dipped below the 300 mark, retreating further from a five-month high of roughly 310 points touched on April 18th, as investors appeared increasingly concerned about the demand-destructive nature of a global recession. Prospects of further interest rate hikes in the US and Europe and an uneven economic recovery in top consumer China have also clouded the outlook. And this despite the fact that the economy continues to grow – and without inflation. In contrast to us, in the so-called West. Which is why I formulated a short 4XSetUp for UKOIL on last Thursday. Because I don’t think that the demand from China and/or further cuts by OPEC justify such an historically high price action. But on the contrary…