The US market has been smashed overnight on the back of higher then expected inflation figures. There had been some hope that inflation pressure was easing and that interest rate hikes were beginning to have an impact, however the bulls were no where to be seen in last night’s trading session as both the CPI and Core CPI figures came in higher th...
The CHF has moved almost parabolically against the JPY and is almost touching 150, which would mark a 40 year first. With the Bank of Japan indicating its need to maintain current interest rate levels which are already among the lowest in the western world, the currency has been severely weakened. Statement that has come from some of its members...
An update on an article posted on the 1st of September regarding the US Dollar Index: https://www.gomarkets.com/au/featured/us-dollar-analysis-technical-perspective/ Last week the US Dollar Index struggled to break and close above a major resistance area between $108.7 to $109.8, with a weekly candlestick breaking above but closing below the...
The Kroger Company (KR) released its latest financial results for Q2 on Friday. The American grocery supermarket chain reported revenue of $34.638 billion for the quarter vs. $34.461 billion estimate. Earnings per share also beat analyst estimates at $0.90 per share vs. $0.82 per share expected. "Kroger delivered strong second quarter resu...
The equities market rebounded strongly after bulls pulled back all the losses from the prior week of trading. Much of the gains were associated with a drop in the strength of the US dollar which retraced after its insane run. The Dow Jones, Nasdaq, and S&P 500 all finished the trading week exceptionally strong rising 2.65%, 4.05% and 3.65%, res...
The United States used 30.28 trillion cubic feet of natural gas in 2021, making them the world’s largest consumer of natural gas. Natural gas consumption in the United States has two seasonal peaks, largely reflecting weather-related fluctuations in energy demand. One of the biggest consumptions of gas is industrial, residential and commercial co...
NIO Q2 results have arrived NIO Inc. (NIO) reported its unaudited second quarter financial results on Wednesday. The Chinese electric vehicle maker reported revenue of $1.538 billion for the quarter, beating analyst estimate of $1.458 billion. Loss per share reported at -$0.20 per share vs. -$0.16 loss per share expected. William Bin Li...
Brent Crude and West Texas Intermediate Oil both fell to their lowest levels since January as fresh recession fears swept the market. Brent dropped to $87 a barrel and WTI to $81. The prices dropped following OPEC’s decision to cut the production by 100,000 barrels a day of supply from October. In recent months with the Russian and...
Brent Crude and West Texas Intermediate Oil both fell to their lowest levels since January as fresh recession fears swept the market. Brent dropped to $87 a barrel and WTI to $81. The prices dropped following OPEC’s decision to cut the production by 100,000 barrels a day of supply from October. In recent months with the Russian and...
NIO Q2 results have arrived NIO Inc. (NIO) reported its unaudited second quarter financial results on Wednesday. The Chinese electric vehicle maker reported revenue of $1.538 billion for the quarter, beating analyst estimate of $1.458 billion. Loss per share reported at -$0.20 per share vs. -$0.16 loss per share expected. William Bin Li...
US equities returned from the Labor day holiday continuing from the selling pressures last week in anticipation of hawkish central bank policies and an ongoing energy crunch in Europe. Tech was particularly hard hit as risk off remains the market narrative, the Nasdaq had its 7th straight down day, it’s longest losing streak since 2016. The Na...
You may already be aware that our financial markets here in Australia and around the world are so closely intertwined that any event, decision or political movement in the U.S. may affect us directly or indirectly in the way we see the markets, our investments and opportunities on our day-to-day basis. Therefore, it is very important that as an...
The World and the European region are amid an energy crisis. With, the remnants of Ukraine and Russian crisis still lingering countries such as Germany and England are suffering as they struggle to keep up with the prices. The price of Natural Gas is nearly 5 times the price of what it was a year ago and Coal Prices soaring to all-time highs. ...
Global equities saw a steep sell-off last week as economic concerns, the European energy crunch and increasingly hawkish Central banks weighed on market sentiment and saw investors paring back on risk assets. Friday’s session saw a mixed Non-farm payroll announcement, with a beat on the headline figure offset by weaker than expected wage growt...
Brent Crude oil much like many other commodities has seen its value drop on the back of a strong US dollar and weaker demand forecasts. With the tail wind of the Russia and Ukraine crisis fading, Brent has struggled to maintain its highs of $125 a barrel in the last few months. In addition, the price has dropped to the point where it is r...