Articles
How to use Arbitrage trading to increase profits
How to use Arbitrage trading to increase profits Professionals in finance like to use hard to read and complicated language to make what they do much harder and more complicated than it sounds. However, when it comes to arbitrage, it is actually a relatively simple concept that can be used in trading, to develop an accurate system that...
Bitcoin rockets after powerful spike
Bitcoin rockets powerful spike Bitcoin’s price has seemingly spiked out of nowhere in what has been in one of its strongest moves in days. With Bitcoin’s price suffering from sector volatility, it and most other cryptocurrencies has seen an aggressive sell off. This current rise in price is threatening to test the upper resistance po...
US stocks falter as yields rise ahead of Fed chairs Jerome Powell speech
After a positive lead from the APAC region on China re-opening optimism, US markets drifted lower as traders braced themselves for an expected hawkish Jerome Powell speech to be delivered midway through todays US session. The Dow Jones eked out a small gain while the more risk and interest rate sensitive Nasdaq was the underperformer, not helped...
Intuit results exceed expectations
Intuit Inc. (NASDAQ: INTU) reported its latest financial results for the first quarter of fiscal 2023, which ended October 31, after the market close in the US on Tuesday. The US software company beat both revenue and earnings per share (EPS) estimates for the quarter. Intuit reported revenue of $2.597 billion (up by 29% year-over-year) vs. $...
Will BlockFi be another FTX?
Not even one week after crypto exchange FTX officially filed for bankruptcy another Cryptocurrency entity has felt the wrath and submitted its own Chapter 11. The spread and contagion effect from FTX was always a concern and now cryptocurrency lender BlockFi has fallen. BlockFi had been struggling even prior to the FTX collapse. In fact, the com...
US stocks tumble, USD rallies as Fed hawks and China protests sour risk appetite
Stocks were sold globally in Mondays session as risk appetite took a hit on civil unrest and increasing Covid cases in China dashing re-opening hopes. Adding to this was the reset of the “Fed Pivot” narrative with a quartet of Fed governors throwing cold water on that idea, re-iterating the Fed was in for the long haul in their quest to tame in...
Pinduoduo tops revenue estimates for Q3 – the stock is rising
The Chinese e-commerce platform Pinduoduo Inc. (NASDAQ: PDD) announced its unaudited Q3 financial results on Monday. The company beat revenue estimates for the quarter, but fell short of earnings per share (EPS) estimates. Revenue reported at $4.991 billion (an increase of 65% year-over-year) vs. $4.315 billion estimate. EPS at $0.302 per ...
Phillip Lowe apologises to the Australian Public over missed forecasts
Phillip Lowe, governor of the Reserve Bank of Australia, (RBA) has issued an apology to the Australian public in his most recent statement. Lowe specifically apologised for providing guidance in 2020 and 2021 that the official cash would only rise in 2024. Instead, rate rises began earlier this year and rises have occurred in 7 straight months. Dur...
The Week Ahead – US employment and inflation figures take centre stage
After coming off a fairly quiet, US holiday shortened week, traders will have a plethora of scheduled news to digest as the market continues to swing from risk-on to risk-off as it tries to predict what the Federal Reserves next moves will be. Equity markets drifted up, the US dollar drifted down as a resilient US economy and a dovish Fed minute...
Possible high return Swing Trade on USDCHF
The USDCHF has just reached a significant support zone providing a potential entry for a low-risk high return trade. In recent weeks the USD has an aggressive pulled back on the back of weaker then expected inflation figures. This has benefited the CHF and most other non-USD currencies as expectations of a potential pivot grow and money moves away ...
What is an Economic Bubble and how to identify it?
Economic Bubbles are highly damaging phenomena’s that occur in financial systems that can cause a great deal of loss and pain to investors and traders. It is important that traders can identify the signs of a Bubble to both capitalise on opportunities and protect against the risk they pose. What is a Bubble? &n...
US stocks continue rally on ugly PMI figures and dovish FOMC minutes
US indices finished another session up after a wild ride as the “bad news is good news” narrative saw a steep rally after disappointing services and manufacturing PMI’s were released, then sold off into the European close only to rally steeply again as what was considered dovish FOMC minutes were released late in the session. All major indice...
Shares of Deere rise as financial results exceed expectations
Shares of Deere rise as financial results exceed expectations Deere & Company (NYSE: DE) announced financial results on Wednesday for the fourth quarter that ended on October 30, 2022. The US manufacturer of farm machinery and industrial equipment reported revenue of $15.536 billion for the quarter, which was above analyst forecast of $13...
How to trade in low volatility conditions
The market in recent months has created exceptionally difficult conditions to trade. Low volatility and obscure price action has reduced the volatility available for traders to capitalise on. These conditions have affected FOREX, Equity, and Index trading. It has been specifically difficult for momentum and trend following traders as a certain leve...
Stocks, commodities and cryptos bounce, USD dips as risk-on returns
Another low volatility, quiet news day saw risk assets reverse Monday’s price action with US equities steadily rising throughout the session on lack of any obvious catalyst. Tech outperformed on the improved risk outlook with global risk appetite seemingly unperturbed by the continued ramp-up of Chinese COVID restrictions. The US dollar so...
