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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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Lululemon tops estimates – the stock is rising

Lululemon athletica inc. (NASDAQ: LULU) announced Q4 and full-year earnings results on Wednesday. World’s second largest sporting goods company reported revenue of $2.772 billion for the quarter (up by 30% year-over-year or 33% on a constant currency basis) vs. $2.701 billion estimate. Earnings per share (EPS) also topped analyst expectatio...

March 30, 2023
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US Stocks lower in quiet US Session, Tech Underperforms on Higher Yields, Gold Finds Support

US stocks declined modestly in a fairly quiet session with most of the downside coming from Tech stocks whose future valuation become less attractive as bond yields rose, with the Nasdaq finishing down almost 0.5% while the Dow and S&P 500 were almost unchanged. The only real news out overnight was US consumer confidence which rose to 104 fr...

March 29, 2023
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Walgreens Boots Alliance beats Wall Street estimates

Walgreens Boots Alliance Inc. (NASDAQ: WBA) announced the latest financial results before the market open in the US on Tuesday. The company beat both revenue and earnings per share (EPS) estimates. Walgreens reported revenue of $34.862 billion for the quarter ending February 28, 2023 (up by 3.3% year-over-year) vs. $33.528 billion expected. ...

March 29, 2023
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NZDUSD forms a bullish divergence

As the banking crisis subside slightly with the news of First Citizens bank’s acquisition of Silicon Valley Bank (SVB), the DXY has reversed from the 103.50 price area, resuming the previous downtrend and currently trades at 102.60. This move lower on the DXY has resulted in the major currencies reversing on the lost ground to gain briefly agains...

March 28, 2023
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BioNTech tops Q4 expectations

BioNTech SE (NASDAQ: BNTX) reported Q4 2022 financial results on Monday. The German pharmaceutical company reported revenue of $4.563 billion for the quarter, topping analyst estimate of $3.897 billion. Earnings per share (EPS) also beat analyst estimates at $9.876 per share vs. $8.296 EPS expected. CEO commentary ''We made significant ...

March 28, 2023
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Gold at the $2000 level

Gold had been trading strongly to the upside since the beginning of March, rising from the 1810 price area to reach the 2000 price area which was last tested in April 2022. However, after reaching the resistance area, Gold retraced lower to test the 1937.50 support area which coincides with the 38.2% Fibonacci retracement level and the bullish tren...

March 27, 2023
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The DXY post-FOMC Decision

On Thursday last week, the US Federal Reserve met general market expectations by hiking rates by 25bps, taking interest rates in the US to 5.00%. While there was some speculation over a possible slowdown in the rate hikes due to the banking crisis, the decision by the Federal Open Market Committee (FOMC) to hike rates for the ninth consecutive time...

March 27, 2023
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Market Analysis 27-31 March 2023

XAUUSD Analysis 27 – 31 March 2023 The gold price trend can be viewed both positively and negatively in the short and medium term. As the close of last week's Doji bar indicates hesitation in the market. Although the previous three weeks, gold has had strong and consistent buying momentum since the beginning of March. But even so, the g...

March 27, 2023
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The Week Ahead – Deutsche Bank wobbles, AU, EU and US CPI

With a volatile week behind us in equities, FX and commodities as traders were taking stock of the continuation of the banking crisis coupled with multiple Central Bank meetings, this upcoming week looks positively quiet in comparison. Though with growing rumours of banking giant Deutsche Bank wobbling (it’s share price is down over 24% in the la...

March 27, 2023
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Bollinger Bands – what are they and how can you use them in FX day trading

Bollinger Bands are one of the most popular indicators that FX and CFD traders use, invented in the 1980’s they are a technical analysis tool that are widely used by short and long term traders. The main uses for Bollinger Bands is determining turning points in the market at oversold and overbought levels and also as a trend following indicato...

March 24, 2023
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US stocks eke out a gains in choppy post FOMC session

US equities managed to hold onto small gains despite a mid-session sell off, in a volatile session as traders continued to digest the FOMC decision. 3 of the 4 major indexes finished in the green, with the Nasdaq outperforming, up 1% while the Russell 2000 finished down for the day, dragged down by the continued poor performance in reginal bank sto...

March 24, 2023
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Red hot inflation in UK points to 25bp hike, BoE and SNB preview.

Bank of England Headline February inflation in the UK came at a hotter than expected 10.4%, well above the consensus of a drop to 9.9% and indicating that Januarys dip to 10.1% seems to have been temporary. Unwelcome news for the BoE who have a rate  meeting today, before this figure the decision seemed to be on a knife edge, with the market...

March 23, 2023
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US stocks pump and dump on FOMC, Powell and Yellen comments

US equities finished in the red in Wednesdays session , the session was volatile with some big moves in all risk assets which was unsurprising with probably the most important FOMC meeting we’ve had in the last 12 months. The FOMC hiked rates 25bp as expected, there was an initial rally in equities and drop in the USD as the accompanying state...

March 23, 2023
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XAUUSD, GBPUSD, and EURUSD Analysis 20 – 24 March 2023

XAUUSD Analysis 20 – 24 March 2023 The outlook for gold prices remains positive in the medium term. This is because gold prices rose above the 1960 price line before testing the 2000 resistance and then dropped after failing to cross it. Adjust the resting base or sideways to go up to the resistance 2000 again, which is the next target tha...

March 22, 2023
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The Fed, between a rock and a hard place – FOMC preview

Todays FOMC rate decision is certainly in play, with recent turmoil in the banking sector caused in no small part by aggressive Fed hikes over the last 12 months, throws a very big spanner in the works of the Feds plan to combat inflation. Up until a couple of weeks ago a 50bp hike was pretty much fully priced in as the Fed refused to budge on t...

March 22, 2023
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