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Articles

Trade from an informed place. We cover news, political events and market analysis plus product updates.

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Articles

Trade from an informed place. We cover news, political events and market analysis plus product updates.

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Airbnb sets a new Q4 record – the stock is up

Airbnb Inc. (NASDAQ:ABNB) announced Q4 2022 and 2022 full year financial results after the market close in the US on Tuesday. World’s second largest travel company reported revenue of $1.902 billion (up by 24% year-over-year), beating analyst estimate of $1.861 billion. The revenue reported was the highest for a Q4 in Airbnb’s history. ...

February 15, 2023
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US stocks rally on light news day ahead of CPI figures

US stocks gained throughout the session as they turned risk on ahead of Tuesday’s CPI figure which is expected to show a moderating of inflation causing investors to hope of a less aggressive Federal Reserve going forward. Tech led gains as the sector most sensitive to market sentiment, the Nasdaq finishing up 1.48% with the Dow and S&P 500 n...

February 14, 2023
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Navigating the US CPI data release

The Federal Reserve's latest decision to hike rates by 25bps, taking the US Federal Funds Rate to 4.75%, saw the DXY trade lower from the 101.70 price level, down to a low of 100.82. This move lower was primarily due to comments from Fed Chair Powell, indicating that the disinflation process has started and that he expects significant declines in i...

February 14, 2023
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Uber posts better-than-expected Q4 results – the stock is rising

Uber Technologies Inc. (NYSE:UBER) announced Q4 2022 financial results before the market open on Wall Street on Wednesday. The US company posted better-than-expected results for the quarter, beating both revenue and earnings per share (EPS) forecasts. Uber reported revenue of $8.607 billion (up by 47% year-over-year or 59% in constant currenc...

February 9, 2023
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Where to next for the USDJPY?

The stronger-than-expected US non-farm employment change data release last week saw the DXY climb strongly higher, beyond the 103 price level. With markets now anticipating that the US Federal Reserve could reinforce its hawkish stance, further upside is expected for the DXY. On the other hand, uncertainty rises over the Bank of Japan’s (BoJ) ...

February 7, 2023
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Gold Reverses from 1960 following strong US NFP data

Gold had been on a steady rally to the upside with the price climbing along the bullish trendline from the 1620 price level in November 2022 to reach a high of 1960 in February 2023. This move higher was driven by general market anticipation that the US Federal Reserve would pivot on its current monetary policy, slowing down or pausing future inter...

February 6, 2023
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“Deflationary process has begun” as Federal Reserve increase Funds rate by 25 bps

The US equities market has had a sharp rise to end the trading session as the Federal Reserve announced a 25-bps interest rate rise. Whilst the market had mostly priced in the 25-bps rise, it was the associated commentary that gave the market a boost. Fed Chairman, Jerome Powel made it clear in his statement and press conference that the Fed is ...

February 2, 2023
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EUR looking to continue its bullish trend ahead of FOMC and ECB meeting

The EUR has been on a run since it bottomed in September 2022. From that time, the price is up almost 15% and is currently trading at 1.0863. However, with important economic data to come out of the USA and the next interest rate decision from both the ECB and the Federal Reserve coming out in the next few days the market may find some more directi...

February 1, 2023
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Notice to clients – Scam websites warning

In this climate of phishing and scam websites and messages, we’d like to take this opportunity to remind our clients of the official GO Markets websites. Scammers at times will register similar domains, with minor spelling differences, and copy our website design in an attempt to deceive visitors. These copies can sometimes be very convincing....

January 31, 2023
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Is this Bitcoin rally real?

Bitcoin has rallied extremely hard to start the year as risk on sentiment returned to begin the year with the price of the leading cryptocurrency at its highest level since August of 2022. Risk assets have been the play in early 2023 with hopes for a settling of interest rate hikes by major central banks. As the technology sector and other growt...

January 31, 2023
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US Dollar Index Testing Key Level

US Dollar Fundamental Analysis Recent data indicated that the U.S. economy grew strongly in the fourth quarter which has boosted the Dollar against the Euro. This has supported the Federal Reserve's hawkish stance in spite of reports that US consumer spending has fallen, and inflation has cooled. According to the Commerce Department, the Consumer ...

January 31, 2023
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Week Ahead :FOMC meeting looms as next major catalyst

All eyes will be on the Federal Reserve this week as they meet again to decide on the next set of interest rate hikes. The Fed is expected to raise rates by 25 bps with the accompanying statement providing important insight as to their sentiment going forward. The question to be answered will be whether a recession will be avoided, or inflation is ...

January 30, 2023
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AUD hits $0.71 for first time since August 2022

The Australian dollar has continued its rise against the USD reaching the highest level in almost 3 months. With risk on assets receiving a boost and the USD weakening the Australian dollar has been a big beneficiary. As hopes for a Federal Reserve pivot increase the greenback has seen aa pullback and growth assets have seen an influx of money. Wit...

January 27, 2023
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Mastercard Q4 results announced

Mastercard Inc. (NYSE: MA) announced the latest financial results for the previous quarter before the market open on Thursday. World’s third largest financial services company beat both revenue and earnings per share (EPS) estimates for Q4 2022. The company reported revenue of $5.817 billion vs. $5.793 billion estimate. EPS at $2.65 per ...

January 27, 2023
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Tesla posts mixed Q4 results

Tesla Inc. (NASDAQ: TSLA) reported Q4 2022 financial results after the market close in the US on Wednesday. World’s largest automaker reported revenue that fell short of Wall Street expectations at $24.32 billion (up by 37% vs. Q4 2021) vs. $24.669 billion expected. The company beat earnings per share (EPS) estimates for Q4. EPS at $1.19 pe...

January 26, 2023
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