Markets anticipate a slower rate of hikes between the Fed and Bank of Canada going into year end. Policy divergence highlights bullish continuation themes in USD/CAD
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On Thursday afternoon, Disney reported second-quarter EPS of 79 cents on revenue of $15.61 billion. Both numbers exceeded consensus analyst estimates of 27 cents and $15.87 billion, respectively. Revenue was down 13% from a year ago.
Disney reported 103.6 million paid Disney+ streaming subscribers, well short of analyst expectations of 109 million. However, management reiterated its previous guidance of between 230 million and 260 million Disney+ subscribers by 2024.
Average monthly revenue per user dropped 29% to $3.99 in the quarter, which Disney attributed to the launch of Disney+ Hotstar.
Disney said it now had 159 million total direct-to-consumer subscribers, which includes ESPN+ and Hulu.
Long-Term Subscriber Growth: CFRA analyst Tuna Amobi said the subscriber miss was likely driven by pull-forward effects of the pandemic in 2020, and Disney still appears on track to hit its longer-term subscriber goals.
Time-cycle analysis suggests that the Japanese Yen could slide significantly lower against its major counterparts. Inverse Head and Shoulders pattern hints at extended gains for AUD/JPY . EUR/JPY rates challenging long-term trend resistance. GBP/JPY poised to push to multi-year highs. Advertisement
Long-term cycle analysis suggests that the haven-associated Japanese Yen is at risk of a prolonged period of weakness against its major counterparts. Here are the key levels to watch for AUD /JPY, EUR /JPY and GBP /JPY in the coming weeks. JPY Index Monthly Chart Extended Losses on the Cards
JPY Index monthly chart created using Tradingview
Bitcoin Could be Coiling Up for a Massive Push Higher as Bulls Take Control
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Bitcoin’s recent underperformance against altcoins came to a swift end today, with bulls allowing the crypto to rocket higher while bears struggle to slow its ascent
The cryptocurrency is now in the process of erasing much of its recent losses, with bulls targeting further upside
This rally has taken the wind out of many altcoins’ sails, with many investors rotating their recent altcoin profits back into the benchmark crypto
Where it trends in the near-term will undoubtedly depend on whether or not bulls can sustain this momentum and flip $34,000 into a base of support