By MFM Team 
In the commodities market, crude was well bid and resilient to close unchanged around 102.25/bl while gold rebounded and closed higher above $1,957.40/oz as inflation concerns continue to plague markets. Elsewhere, iron ore pulled back to deeper support as investors weighed the impact of diminishing global growth. The commodity settled lower, around $154.40/tn as New York closed.
In the FX space, the comdolls trio remained in the helm of demand for the short and long term as Kiwi ousted King Dollar to the offer territories. Demand for Euro returned in the short and medium term as King Dollar retreated. Markets are seemingly looking for a reason to buy more Yen than Swiss.
On Thursday, markets continue to look for progress in the peace talks while waiting for earnings reports from Blackstone (BX), Dow Chemical (DOW), Nucor (NUE), American Airlines (AAL), Freeport-McMoran (FCX), Danaher (DHR) and Philip Morris (PM) as well as the latest US jobless claims, manufacturing index and leading indicators to assess the health of the US economy.
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G8 CURRENCIES SENTIMENTS
| ST | AUD | NZD | CAD | EUR | GBP | JPY | USD | CHF | ST |
| MT | CAD | GBP | EUR | AUD | NZD | USD | JPY | CHF | MT |
| LT | AUD | CAD | NZD | GBP | USD | EUR | CHF | JPY | LT |
** ST refers to Short-Term daily turnover, MT is Medium Term weekly and LT refers to Long-Term monthly turnover.
WALL ST MOST ACTIVE
| TICKER | LAST PRICE |
% CHANGE |
VOLUME | 90 DAYS AVG |
| CRXT | 2.08 | + 43.45 | 236,403.7K | 2,290.7K |
| NFLX | 226.19 | – 35.12 | 133,387.4K | 6,913.2K |
| MULN | 1.41 | – 16.57 | 111,331.7K | 88,819.4K |
| TQQQ | 47.90 | – 4.51 | 107,565.4K | 111,915.1K |
| SQQQ | 39.44 | + 4.42 | 89,305.1K | 74,820.0K |
| ALVR | 6.25 | + 15.53 | 87,715.0K | 274.0K |
| AAPL | 167.23 | – 0.10 | 67,929.8K | 94,656.9K |
| UVXY | 11.70 | – 3.54 | 65,524.5K | 75,224.5K |
| QQQ | 341.21 | – 1.46 | 65,154.5K | 73,665.6K |
| SPY | 444.71 | – 0.07 | 65,065.1K | 104,513.4K |
** % Change here refer to price
WALL ST TOP FLOWS
| TICKER | LAST PRICE |
VOLUME |
% CHANGE | FUNDS FLOW $ |
| NFLX | 226.19 | 133,387.4K | + 1,043.25 | 30,170.9M |
| TSLA | 977.20 | 23,570.4K | + 1.88 | 23,033.0M |
| AAPL | 167.23 | 67,929.8K | – 16.62 | 11,359.9M |
| NVDA | 214.82 | 46,897.4K | – 13.39 | 10,074.5M |
| AMZN | 3,079.96 | 2,981.5K | + 5.43 | 9,182.9M |
| FB | 200.42 | 43,036.5K | + 69.96 | 8,625.4M |
| MSFT | 286.36 | 22,906.6K | – 16.16 | 6,559.5M |
| AMD | 94.02 | 62,489.0K | – 33.15 | 5,875.2M |
| DIS | 124.57 | 36,465.6K | + 249.66 | 4,542.5M |
| GOOGL | 2,560.80 | 1,584.7K | + 11.65 | 4,058.1M |
** % change here refers to volume
TOP 5 BLOCK ORDERS
| SYMBOL | PRICE | TYPE | R/VOL | FUNDS FLOW $ |
| NFLX | 226.19 | equities/options | 153.76 | 30,170.9M |
| DOW | 67.54 | equities/options | 90.86 | 339.1M |
| ARVL | 2.83 | equities/options | 46.42 | 39.6M |
| GC | 1,941.70 | gold futures | 54,126 | 105.1M |
| ZN | 119.04 | US bond futures | 341,104 | 40.5M |
OUR PICK – XAG/USD Markets are overbidding precious metals. The past few weeks have seen stronger flows to precious metal funds (GLD, SLV) and mining stocks (GDX) than to the aggregate US bonds funds (AGG) and the bullish Dollar funds (UUP). The last few days, we have seen a reverse flow to the safe-haven Yen funds (FXY) that seemingly signaled that the rise in precious metals is far from over in our opinion.
| HORIZON | STRATEGY | SL | TP1 | TP2 |
| Short-Term | Buy | 24.40 | 25.00 | 25.40 |
| Medium-Term | Buy | 24.40 | 25.40 | 25.75 |
| Long-Term | Buy | 24.40 | 25.75 | 26.15 |
Abdul H. Jaffar