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Articles
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...
September 21, 2022Read More >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...
September 21, 2022Read More >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...
September 21, 2022Read More >USDJPY showing signs of another breakout
The USDJPY has been one of the strongest performing currency pairs since the beginning of the year. With geopolitical volatility and record high inflation rates impacting the global economy, the strength of the USD has just continued to be on show. On the contrary, the JPY has been pillaged from pillar to post as the Bank of Japan has refused to ch...
September 20, 2022Read More >AutoZone latest results have arrived
AutoZone Inc. (AZO) reported its fourth quarter financial results for the period ending August 27, 2022 on Monday. The largest US retailer of aftermarket automotive parts reported revenue of $5.348 billion (up by 8.9% from the same period last year) vs. $5.164 billion expected. The company reported earnings per share of $40.51 for the quarter...
September 20, 2022Read More >Nasdaq breaks its trend as it heads lower
August proved to be a bearish month for the Nasdaq (NDX 100) and is showing no signs of slowing down. With a strong break below the daily trend line (as seen below), the Nasdaq has re-tested the trend and is now in its continuation phase. The price broke below the resistance area between $12230 and $12175, the Nasdaq has re-tested and respec...
September 19, 2022Read More >Unemployment figures in Australia at record lows for August
Unemployment and Wages are an important metric to a country’s economy, simply put, if there are more members of the population at work and wages are at a good level, it may indicate that people have more purchasing power. This can help economic growth and can improve the health of the GDP. A growing economy should have an employment rate that...
September 19, 2022Read More >Gold Testing Major Support Level
For the last 2 years, Gold has been bouncing in a range between $1700 and $2070 and is currently testing the major support level around $1700 as seen below. The price has used the yellow highlighted as an area for support zone and a rejection zone. Over the last 2 years clear rejections have occurred every time the price has reached around $...
September 16, 2022Read More >Adobe announces latest results and Figma acquisition
Adobe Inc. (ADBE) announced its financial results for the third quarter of the fiscal year 2022 before the opening bell in the US on Thursday. The American software company reported revenue of $4.433 billion, falling slightly short of Wall Street forecast of $4.438 billion. Earnings per share reported at $3.40 per share for the quarter, above...
September 16, 2022Read More >NZDJPY showing a potential buy?
The NZDJPY like most currencies against the JPY has been in a strong uptrend for over 2 years. With the Central Bank of Japan remaining dovish in its monetary policy the currency has taken a beating against most other currencies and as other Central Banks have acted against rising inflation. The NZD has been able to take adva...
September 15, 2022Read More >Market smashed as CPI figures comes in hotter than expected
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...
September 14, 2022Read More >Will the CHF/JPY reach 150?
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...
September 13, 2022Read More >US Dollar Index Update, EURUSD Technical Analysis
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...
September 13, 2022Read More >Kroger tops estimates for Q2 – the stock is up
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...
September 12, 2022Read More >Equities market rebounds after recent sell off
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...
September 12, 2022Read More >
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