Articles
Tesla sets a new record
Tesla Inc. (NASDAQ: TSLA) reported its Q3 2022 delivery numbers on Sunday. World’s largest automaker delivered a total of 343,830 cars (up by 42.49% year-over-year) in the third quarter – setting a new quarterly record. The deliveries in Q3 consisted of: 18,672 Model S/X 325,158 Model 3/Y The automaker produced 365,923 vehicles...
Optimising trading strategies by using multiple timeframe analysis
Many trading strategies utilise technical analysis to predict price patterns and for entries and exits. These strategies revolve often begin with the idea of the price having identifiable support, resistance and trendline market structures which indicate where various buying and selling points can be placed for a trade. These support and resistance...
Natural Gas showing getting ready to test important level
Natural Gas prices have had a volatile year to say the least. After finding multi decade highs on the back of geo-political volatility and record high inflation levels the price has seen an aggressive retracement. With the overall commodities market suffering a big drop as recessionary pressures have taken over and a resilient USD, Natural gas has ...
Stocks tumble again as BoE inspired rally fizzles
US stocks again were heavily pressured, selling off hard into the last day of the month and quarter as Wednesdays rare BoE inspired positive session proved to be a dead cat bounce thus far. Tech led the sell-off after a rare downgrade of Apple (AAPL) from Bank of America added to tech woes with many of the heavyweights underperforming as Microso...
Bank of England, Stuck between a rock and hard place
The UK financial system has been under extreme pressure from rising inflation and recessionary pressures. It culminated in the GBP reaching record lows and a UK government bond crisis that could have almost brought down the system. So why is the Bank of England now buying government bonds after attempting to stem inflation and raise interest rates....
What are Bonds and how do you trade them?
Maturity, Yields, Par Values and Coupon payments. These are words that everyone has heard of but not many have a good understanding of what they mean. In this article all these complicated terms will be explained. Please note that while this information is most relevant for physical bonds, it is still important to understand when dealing with CFD...
When will the AUD find support?
The AUD has fallen to lows not since the beginning of the Covid 19 pandemic and does not look like stopping anytime soon. With global commodity prices coming down and fears of a recession causing panic sell offs the AUD has been victim to a two-fold attack. The general recession fears push growth assets including the Australian dollar downward as i...
US stocks extend sell-off, yields spike, GBP flash crashes
Wall St extended its sell-off in Mondays session, continuing on from Friday (albeit not as pronounced) against a backdrop of spiking bond yields, growth concerns and turmoil in the FX market. The S&P 500 closed at it’s lowest since late 2020 and the Dow slipped into bear market territory as investors fled risk assets. The USD was again dom...
Why has the GBP Collapsed to record lows?
It hasn’t been a good Monday morning for some investors or English travelers who wish to sell the GBP to go abroad, as the Sterling Pound has collapsed to record lows to bring almost perfect parity with the U.S Dollar at 1 GBP equals $1.09. Sterling fell to the lowest level in 37 years, trading below the $1.09 following the rate increase. ...
GO Markets wins in the Global Forex Awards – Retail
GO Markets has won three awards in this year’s Global Forex Awards; Best Forex Fintech Broker - Global Best Forex Trading Support - Asia Most Trusted Broker - Europe The Global Forex Awards recognise forex and related businesses from around the world, “who are pushing the boundaries of innovation in retail forex trading solution...
More downside for major cryptos?
Following the previous Bitcoin analysis (https://www.gomarkets.com/au/articles/economic-updates/bitcoin-usd-technical-analysis/), bitcoin continues to break below pattern after pattern, recently breaking out and re-testing a descending flag pattern on a 4h time frame as seen below: With the next major support sitting around $17,619, it won...
ASX200 resting on a knifes edge
Inflation and recessionary pressures have caused the aggressive sell offs of some of the largest global indices, however so far, the ASX200 or XJO has fared relatively well. However, there are worrying signs that a resilient XJO may be coming to an end. Whilst the inflation rate in Australia is still at levels that are low compared to much of the r...
Market await FOMC Interest rate decision
In what has been a heavily anticipated market event at 4:00am EST Australia, the US federal Reserve is set to release its changed Federal Funds rate for the quarter. The rate changes are an important aspect of keeping inflation under control as higher interest rates impact on consumer and business borrowing and investment. &n...
Technical Analysis – Oil taps a major trend line
The price of oil has been in a strong upward trend since May 2020, when it reached its bottom during the early stages of covid 19 pandemic, and the price of oil reached close to $0. The price of oil has respected the trend over the long term and has now retested the trend for the third time. As seen above, oil has failed to break below the t...
Coal Price Effect on Newcastle Coal Futures NCF1
As a trader the penny should now have dropped regarding the importance of energy stocks. Geopolitical issues around the world, especially surrounding Ukraine and Russia, has pushed energy stock prices to all time heights. This is due to supply chains being affected by the ongoing conflict. Newcastle Coal Futures, (NCF1) illustrate the increa...