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Inflation growth slows for the Australian Economy
The Australian Consumer Price Index (CPI) y/y was released at 6.3%, lower than the market forecast of 6.5% and from the previous data of 6.8%. With inflation growth on a clear downtrend following its peak of 8.4% in January 2023, this is likely to reduce the need for further rate increases from the Reserve Bank of Australia (RBA). The Australian...
How to Trade Gold CFDs – Fundamental and Technical strategies
Gold has always been one of the most popular and highly traded markets for CFD traders, especially recently as its price has risen to test its all-time highs. It’s easy to see why, Gold has been a store of value throughout history, and with CFDs it’s possible to take a position in this exciting market, whether you think the price will head up o...
US equities fall on soft data and re-ignited banking fears
US stocks were broadly lower in Tuesday’s session as another US bank teetered on the verge of collapse and weak Consumer Confidence figures saw investors heading for the door. In a continuation of banking jitters, First Republic Bank (FRC) plunges to record lows after an earnings miss and reporting record deposit outflows seeing the stock pric...
Microsoft posts better-than-expected results
US technology giant Microsoft Corporation (NASDAQ: MSFT) released the latest financial results for the quarter ended March 31, 2023, after the market closed in the US on Tuesday. Company overview Founded: April 4, 1975 Headquarters: Washington, United States Number of employees: 221,000 (2022) Industry: Information technology Ke...
The Coca-Cola Company announces Q1 results
The Coca-Cola Company (NYSE: KO) announced the latest financial results for the first three months of 2023 before the market open in the US on Monday. The US Beverage company posted solid results for the quarter, beating both revenue and earnings per share (EPS) estimates. Company overview Founded: January 29, 1892 Headquarters: Atlan...
Key Events in the Week Ahead – BoJ meeting, US GDP, Aussie CPI
Coming off a choppy and mostly directionless week for Global Markets, this coming week looks to be more of the same as we enter the Federal Reserve blackout period ahead of their pivotal meeting on May the 3rd. While the economic calendar is light, there are a few risk events that could see some volatility in the markets, starting Wednesday with...
Procter & Gamble Company exceeds expectations – the stock rises
Procter & Gamble Company (NYSE: PG) announced third quarter fiscal 2023 before the opening bell in the US on Friday. World’s largest consumer goods company beat both revenue and earnings per share estimates for the quarter, sending the stock higher. Company overview Founded: October 31, 1837 Headquarters: Cincinnati, Ohio,...
Asian Session Update – AUD, NZD continue decline, Hot Japan CPI sees Yen strength
Major Asian stock indexes are following the lead from Wall St where US stocks finished broadly lower in a choppy, low volume session as economic news disappointed, Fed talking heads remained hawkish and a mixed batch of earnings. The ASX200 and Nikkei down around 0.24% while the Hang Seng down just over 0.5 a % FX Markets Have mostly c...
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...
