Articles
Short term break out on the EURUSD
The EURUSD is showing some signs of a potential short term break out on the daily and 4-hour time price charts. This is largely a technical breakout, although it is also supported by a shift in sentiment towards growth assets and away from the USD in the last week. Technical Analysis The daily cart show...
US stocks rally during cash session, futures down after market as Microsoft and Alphabet earnings disappoint.
US equities markets had another strong session as a flurry of weaker than expected housing and consumer confidence figures kept the Fed pivot dream alive. Growth and tech stocks outperformed with all major US indices finishing well in the green ahead of major earnings releases after the bell. The big movers after hours are Microsoft (MSFT) a...
Coca-Cola tops Wall Street Q3 estimates
Coca-Cola tops Wall Street Q3 estimates The Coca-Cola Company (NYSE:KO) reported Q3 financial results before the market open on Tuesday. The US beverage company posted solid results for the quarter, beating Wall Street analyst estimates for both revenue and earnings per share (EPS). Revenue reported at $11.063 billion (up by 10% year-over-...
Pound gearing up for a reversal?
The UK has had to deal with recessionary fears, sky high energy prices, a cost-of-living crisis, and a breakdown in political leadership. This has caused the GBP to fall to lows not seen since the last century. The British economy has also had to deal with a potential liquidity crisis caused by some of the large UK retirement funds almost bringi...
US stocks rip higher again, China falters and Yen-tervention fails
Another day, another push higher in US equities as the market mood remains buoyant during what has so far been a good earnings season, with much more to come. Services and manufacturing PMI figures out of the UK, EU and US all came in weaker than expected and well in contraction territory, in the equity market theme is “Bad news is good news” (...
US stocks rip higher again, China falters and Yen-tervention fails
Another day, another push higher in US equities as the market mood remains buoyant during what has so far been a good earnings season, with much more to come. Services and manufacturing PMI figures out of the UK, EU and US all came in weaker than expected and well in contraction territory, in the equity market theme is “Bad news is good news” (...
The Week Ahead – Central banks, inflation and corporate earnings set to take centre stage.
Global markets are in for a busy last week of October, with inflation, growth and Central bank rate decisions set to be released from multiple countries. We’re also in the midst of US reporting season, last week solid earning helped propel US Indices to a very big up week, the Dow Jones rising over 5%. With all this going on. another volatile ...
Understanding CFDs: An introductory guide to CFDs
What are CFDs? A contract for differences (CFD) is an agreement between a buyer and a seller that the buyer will pay the seller the difference between the current value of an asset and its value at the time of the contract. CFDs provide traders and investors with the opportunity to profit from price movements without owning the actual asset...
China’s slow growth a worry for Australia?
China, Australia’s savior during the 2009 Global Financial Crisis may not provide the same security in what may be an impending recession. This does not bode well for the Australian economy which so far has performed relatively well in the recent volatile market conditions. The ASX which has been resilient in the global sell off, on the back of i...
US equities decline amid global inflationary headwinds as yields and the Dollar jump.
US stocks broke a two-day winning streak with the major indexes finishing moderately lower as global inflation fears lingered after both Canada and the UK CPI figures came in hot, showing signs that the inflation peak may not yet be in. With risk aversion back (for the day at least) Bonds were sold off (Price down, yields up) with the ...
Is Credit Suisse running out of Credit?
This year has not been kind to the domestic and global economy. The financial woes keep rolling in, this time an old issue has rear its head with one of largest global investment banks seeing its share price drop significantly. That institution in question, is stalwart Credit Suisse. Credit Suisse’s share price is down more than 70% – from 1...
Procter & Gamble beats estimates – the stock is up
The Procter & Gamble Company (NYSE:PG) reported its latest financial results before the opening bell on Wednesday. The largest consumer goods company in the world topped both revenue and earnings per share (EPS) estimates for the quarter – sending the stock price higher at the open. Revenue reported at $20.612 billion (up by 1% year-ove...
Tesla Q3 revenue falls short of Wall Street expectations – price target raised by Bank of America
Tesla Inc. (NASDAQ:TSLA) reported its Q3 financial results after the closing bell on Wednesday. World’s largest automaker exceeded earnings per share (EPS) estimates for the quarter but fell short on revenue. Revenue reported at $21.454 billion (up by 56% year-over-year) vs. $21.982 billion expected. EPS at $1.05 per share (up by 69% year-over...
USDCHF pair retraces as price level indicates a potential entry opportunity
The USD had a pullback in recent days as equities have rebounded allowing for other strong currencies such as the CHF to see From a technical perspective the chart shows some interesting price action that may indicates an important inflection point for the price. On the weekly chart, the price has been in a long-term range between 0.87...
Qantas shares price lift off, but Dividends on hold for FY22
Qantas Airways Limited (QAN:ASX) is the flagship carrier of Australia and the country's largest airline by fleet size. The company has had a resurgence in 2022 and the share price has rebounded from the lows of the pandemic. The “Flying Kangaroo” as it’s known throughout the industry, said that it would report an underlying pre-tax profit ...
