Articles
Mixed earnings, weak data and hawkish Fed speak see US stocks finish lower
US stocks finished broadly lower in Thursday’s session in a choppy, low volume session as economic disappointed, Fed talking heads remained hawkish and a mixed batch of earnings. The biggest miss in earnings was Tesla (TSLA) who’s aggressive price cutting saw profit margins compress, seeing the auto giant down almost 10% on the session and t...
American Express posts mixed results, sets a new quarterly record
American Express Company (NYSE: AXP) announced first quarter financial results before the market open on Thursday, setting a new quarterly revenue record. Company overview Founded: March 18, 1850 Headquarters: New York, United States Number of employees: 77,300 (December 2022) Industry: Banking, financial services Key people: St...
Gold technical and fundamental analysis – How to trade it’s recent price action
Gold has been one of the most popular and highly traded markets recently as price action in the precious metal has really come alive, rate hikes, the war in Ukraine and Bank Crises have all played a part in the fundamental reasons for gold price movements in the last 12 months. Let’s take a look at the chart to see these fundamental effects and h...
US Stocks finish mixed in choppy session after Hot UK CPI spooks the markets
Major US indexes finished mixed in a choppy session for equities and FX after a hotter than expected re-ignited inflation fears and a global hawkish re-pricing of risk assets. Decent earnings and the big bounce back in Netflix encouraged the “Buy the Dip” crowd, pulling stocks up from their lows to see the major US indexes finish mostly flat...
Tesla results have arrived
World’s largest automaker, Tesla Inc. (NASDAQ: TSLA), reported Q1 financial results after market close in the US on Wednesday. Elon Musk’s company posted mixed results for the quarter. Let’s take a closer look at how it performed. Company overview Founded: July 1, 2003 Headquarters: Austin, Texas, United States Number of branche...
US stocks finish flat on hawkish Fed Speak and mixed data, Netflix has a wild ride on earnings
Tuesday’s session ultimately saw little change in major US indexes in an impressive round trip that initially saw a higher opening as strong Chinese GDP figures cheered investors, only to sell off on Hawkish Fed Speak and mixed earnings results before recovering somewhat to finish (mostly) modestly lower, with only the S&P 500 able to eke out...
Bank of America beats Wall Street expectations, CEO expects a ”mild recession”
Bank of America Corporation (NYSE: BAC) reported the latest financial results for Q1 on Wednesday, beating analyst expectations for both revenue and earnings per share (EPS). Company overview Founded: 1998 (via the merger of BankAmerica & NationsBank) Headquarters: Charlotte, North Carolina, United States Number of branches: 3,900...
Market Analysis 17-21 April 2023 – TH
XAUUSD Analysis 17 – 21 April 2023 The gold price outlook is positive in the medium term. As last week's closing of the buying bar was above the 1960 support or the latest high in price on the Weekly timeframe, it indicates the continued buying momentum that will allow the price of gold to continue. It can rise further to test the 2070...
Charles Schwab posts mixed Q1 results
Charles Schwab Corporation (NYSE: SCHW) announced the latest financial results for the first three months of 2023 ended March 31, before the opening bell on Wall Street on Monday. Company overview Founded: 1971 Headquarters: Westlake, Texas, United States Number of branches: 400 Number of employees: 35,300 (as of December 2022) ...
AUD and NZD under pressure on rising US and EU yield expectations
AUD and NZD, being cyclical currencies (cyclical currencies being ones that are extra sensitive to global risk sentiment) took a big hit in Fridays session , dropping 1.1% and 1.3% respectively against the USD and remain under pressure today. Weak retail sales out of the US on Friday didn’t help risk sentiment, but the rout really started when...
Key events in the week ahead – Activity data dominates
After last week’s Inflation themed calendar, we head into the new week where the main theme will be activity data with a raft of manufacturing and services PMI figures from the UK, Eurozone and the US. some of which will help determine what happens at the forthcoming round of central bank rate decisions in the coming weeks. USA With the mar...
JP Morgan Chase & Co. tops Q1 estimates – the stock is rising
JP Morgan Chase & Co. (NYSE: JPM) announced Q1 financial results before the market open in the US on Friday. The largest bank in the US beat both revenue and earnings per share (EPS) estimates for the first quarter of 2023, sending the stock price higher. The company reported revenue of $38.349 billion vs. forecast of $36.125 billion. ...
Tech leads US Stocks higher on soft PPI and employment figures, Gold surges towards all time high
A significantly softer than expected PPI print confirming Wednesdays CPI saw the green light for risk on in Thursday’s session and saw a broad rally in risk assets. All major US indexes rallied strongly with the Tech heavy NASDAQ outperforming while the S&P 500 closing at its highest level since February. The March producer price index...
Indices Trading – What are Indices and how to use CFDs to trade them
Indices Trading – What are Indices and how to use CFDs to trade them. Index trading is one of the most popular class of markets to trade for CFD traders, rivalling major FX pairs in trading volume, but what is indices trading and how does trading them with CFDs work? Most people will be familiar with the names of the maj...
US Stocks give up gains on cool CPI as Fed minutes stoke recession fears
Major US stock indices slid in Wednesday’s session after a cooler than expected CPI figure gave them a boost only run out of steam and ultimately finish in the red after Fed minutes stoked recession fears. The Dow outperformed it’s peers, down around 38 points as investors continued to favour defensive stocks over more risk sensitive growth sto...