Another headline reads as:
UBS Upgrades British American Tobacco p.l.c. – Depositary Receipt () (BTI)
There are 720 funds or institutions reporting positions in British American Tobacco p.l.c. – Depositary Receipt (). This is an increase of 45 owner(s) or 6.67% in the last quarter. Average portfolio weight of all funds dedicated to BTI is 0.31%, an increase of 2.21%. Total shares owned by institutions increased in the last three months by 16.45% to 242,907K shares.
https://www.nasdaq.com/articles/ubs-upgrades-british-american-tobacco-plc-depositary-receipt-bti
Talk about kissing a mermaid in front of the children…. I was looking at this just a few days ago… and……
UBS upgraded British American Tobacco on Monday to ‘buy’ from ‘neutral’, hiked the price target to GBP3,900 from GBP3,000 and made the stock its ‘top pick’.
https://www.sharecast.com/news/broker-recommendations/ubs-upgrades-bat-to-buy-shares-spark–18661778.html
More hawkish than dovish… Powell/s presser next
Press Release January 29, 2025
Reading the tea leaves there are some ordinarily potent conditions in some of the more important barometers which show the likely behavior of Sterling, Euro, stocks, bonds, USD. Right now they point toward a drop in stocks, some bonds, and Euro and Sterling. It would take one of those manic two way shock and awe flows post-Fed or something else significant to change that.
This is 6pm nigerian time and the weather is good. Market is not as volatile as it was between 3:15 and 3:45 pm when some news came out and Market was volatile. The usd/jpy has consolidated and is ready for an upward move. This may not be a long move based on my analysis.
The usd/jpy is st price 155.120 as we speak. It rose to an all high today at 155.524 before declining to 154.915, the lowest point as at today.
Based on technical Analysis on Price Action. On the 1 hour candle, we see the latest being a BUY candle, with the former candle which formed at 5pm , being a sell candle. The candles are of similar length, which may signify further movement in the later candle (the buy candle that formed at 6pm)
Therefore I have taken a buy bias with expectation of price rising to around 155.378 before I close it off in marginal profit.
Let’s see where market go now.
Thanks,
TOPNINE
Europe is right now in the middle of Russian aggression on one side, self imposed sanctions on Russian gas and oil , lost in space after Trump became a President again, some crazy ideas on Green energy….just to mention a few….Member countries are having second thoughts on everything , Germany and France cannot solve the inner political situations…that mess.
To join you in your biased view Mtl :
EUR has to go straight below 1.03 first, rebound to 1.04500 and fail , and then we go for a jugular – below 1.01800.
Otherwise we might be just day dreaming…even it is only logical – how can EUR get stronger in such a geo political mess we have right now , and all the problems each EU member country has….
The Swiss to End EU Stock Market Measures as Relations Improve
souds similar to donald’s relation’s improvement with colombia
Switzerland to Lift Protective Measure for EU Stock Exchanges in May
Switzerland will remove the European Union from its stock exchange protection list aimed at safeguarding the Swiss stock exchange infrastructure, effective May 1.
With the EU revising the relevant legal basis in 2024 and lifting the restrictions on EU securities companies trading Swiss equities, the Swiss Federal Council deemed the protective measure no longer necessary, according to a Wednesday release.
EURO 1.0413 as I type at 10.40nyt
–
with jerome having gotten himself into the corner ropes with his alleged dependence on data and his of fear of trump policies, the aggregate market view seems to be FED to remain flat AND that if any rate cutting is to come sometime long long time in the future would be slower than slow in light of FED’s magicianipulation to bring it to their 2% target not working swimmingly.
Trade idea:
I am biased to go long DLR if n when it should spurt uP on Jerome’s wishi-washi unenthusiasm for cut and some yakiing about prudent for longer AND therefore relatively hawkish to other rate-cutting themed CBs.
DAX – GER30
DAX Hit New Record Peak
Stocks in Germany Hit All-time High
The DAX rose toward 21650 on Wednesday, hitting fresh record highs, in line with other European indices, fuelled by strong quarterly results from ASML. Market sentiment was also helped by easing concern over the impact of DeepSeek on AI demand.
Interesting technical fact : Previous Resistance line acted as a perfect Support to underpin this renewed Rally.
Now the sky is the limit – 22.200/400 might be in reach.

BTCUSD – Bitcoin
Bitcoin Whales Resume Accumulation: Is a Rally Imminent?
The crypto market is recording a surge in bitcoin (BTC) inflows to whale wallets, indicating that this cohort of investors has begun to accumulate the digital asset again amid the recent downturn.
Sudden break of 104K upwards would be the first signal that the wave is starting.
However, this current consolidation might take few more days with a visit to 95K

THIS IS EXACTLY 3PM NIGERIAN TIME AND GOLD (XAU/USD) IS AT PRICE 2758.80 ON THE 30 MINUTES CHART IT CAN EASILY BE SEEN THAT THERE IS AN UPWARD CONSOLIDATION. AS A PRICE ACTION TRADER WHEN TWO CANDLES OF SIMILAR HEIGHT ARE FORMING NEXT TO EACH OTHER IN OPPOSITE DIRECTION ,THE LATER CANDLES’ DIRECTION IS WHERE THE MARKET IS GOING

ON THE 30′ CHART THE GOLD HAS A BUY CANDLE OF SAME HEIGHT AS THE PREVIOUS SELL (BEARISH) CANDLE. SO THIS IS MOST LIKELY A BUY MARKET. I WILL NOT GO FOR MUCH PIPS AS I WILL EXIT THE MARKET AT PRICE 2763.0 AREA.
I’VE BEEN USING THIS TECHNICAL ANALYSIS FOR AGES NOW AND IT WORKS SUPREME.
SO I WILL BE BUYING XAU/USD AT 3PM NIGERIAN TIME FOR A COUPLE OF PIPS BEFORE EXITING THE MARKET FOR ANOTHER OPPORTUNITY. REMEMBER GREED IS NOT GOOD. SO RISKING A SMALL LOT SIZE OF 2-5% SHOULD SUFFICE FOR THIS TRADE.
THIS IS MY POSITION FOR THIS PERIOD.
THANKS,
TOPE AJALA
FROM NIGERIA.
USDCAD 4 HOUR CHART –  NEXT UP THE BOC

Focus will be on the BoC statement assuming there is a rate cut as expected. The reaction will be what matters and with USDCAD bid heading into the decision it would have to break 1.4516 and then stay above 1.45 to have a lasting impact.
On the downside, the bottom of the range is far away at 1.4261.
EUR/USD (EURO) HAS CONSOLIDATED AND IS SET TO GO ALL THE WAY UP FROM ITS PRESENT PRICE AT 1.04024 AND IT WILL GO TO AROUND 1.0500, A MOVE OF OVER 100 PIPS. I SAW THIS PROPOSED MOVE YESTERDAY WHEN PRICE CAME DOWN TO 1.039 AREA.

MARKET CAME TO THAT SUPPORT AREA AND IS ABOUT TO RETURN UPWARDS. TODAY’S VOLATILE NEWS IS GOING TO PUSH THE EURO FAR UP. B.O.E GOVERNOR BAILEY’S SPEECH TODAY IS GOING TO SHAKE THE MARKET. WE ARE EPECTING THE ACTUAL OUTCOME OF THIS NEWS TO BE HIGHER THAN THE FORCAST AND THE PREVIOUS PREDICTIONS.
LET’S WAIT AND SEE AS TIME WILL TELL. THIS IS MY EURO PREDICTION FOR TODAY’S NEWS. THANKS, TOPE AJALA, FROM NIGERIA.
USD firmer, CAD undecisive into policy decisions, blockbuster ASML results lift tech
Good morning USA traders, hope your day is off to a great start! Here are the top 4Â things you need to know for today’s market.
4 Things You Need to Know
European bourses mostly firmer, with Tech surging after blockbuster ASML bookings; NQ slightly outperforms.
USD is a little firmer ahead of the FOMC, CAD awaits BoC, AUD softer post-CPI.
Bonds are bid into the FOMC. BTPs & OATs attentive to domestic matters
Crude slides and metals trade mixed ahead of FOMC.
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