Economic Updates
Consequences of a Strong USD
The USD has been on a tear recently as inflation has engulfed the world economy. The USD, which has traditionally been a strong currency and haven for investors during times of volatility, has performed exceptionally well. The currency is attractive as it provides security for investors as the market trusts the US government to pay its debts and ab...
Bitcoin (BTC) Cycles.
The Crypto market cap at the time of writing is sitting at $1.46 Trillion, down by just under 5% over the last day, according to CoinMarketCap data. Bitcoin (BTC) has been trading between $34,562 on Monday to a low of $26,258 USD today. That is a drop of 24.68% and it could potentially fall further, in what many are advising it is resembling a cont...
Terra Luna and its collapse
If you follow my articles, you will see that from time to time, I delved into areas that are not directly link to trading CFDs, this is because I have a variety of topics within finance that I have a passion for and acquiring more knowledge (not matter how limited in my case is) is never a bad thing. Today, I want to discuss the Cryptocurrency Terr...
Beyond Meat posts disappointing Q1 results – the stock is falling
Beyond Meat Inc. (BYND) reported its first quarter financial results after the closing bell in the US on Wednesday. The US plant-based meat producer reported revenue that fell short of analyst estimates at $109.455 million (up by 1.2% year-over-year) vs. $112.398 million expected. Loss per share reported at -$1.58 per share, higher than estim...
Walt Disney earnings fall short of estimates
The Walt Disney Company (DIS) reported the latest financial results for its second fiscal quarter on Wednesday. World’s largest entertainment company reported revenue of $19.249 billion (an increase of 23% year-over-year) for the quarter vs. $20.054 billion expected. Earnings per share reported at $1.08 per share (an increase of 37% year-ov...
How to trade the Volatility Contraction Pattern
The Volatility Contraction Pattern, (VCP) is a famous trading pattern identified and dissected by Market Wizard, Mark Minervini. The premise of the pattern is that stocks in long term up trends will pause and consolidate as some holders exit their positions and the stock is accumulated again by buyers in the market. The chart pattern can provide op...
How to find stocks to trade?
Identifying Trade Opportunities Having a successful trading system requires a mix of different cogs working together in harmony to achieve successful outcomes. At the very beginning of this system is identifying companies, commodities, or currency pairs to trade. Finding ‘in play’ opportunities can be a challenge and take time to understand....
Cigna tops Wall Street expectations in Q1
Cigna Corp. (C) reported its Q1 financial results before the market open in the US on Friday. The American insurance company reported revenue of $44.108 billion in Q1, above the analyst estimate of $43.391 billion. Earnings per share reported at $6.01 per share vs. $5.18 per share estimate. "We've had a strong start to the year as we advan...
Under Armour under performs – the stock tumbles
Under Armour Inc. (UAA) reported its latest financial results Q1 on Friday. The US sportswear equipment company fell short of analyst estimates for the quarter, sending the stock in free fall. Revenue reported at $1.301 billion vs. $1.319 billion expected. Analysts were expecting earnings per share of $0.04 for the quarter, however, Under Arm...
Macquarie Group banks 50% increase in profit
Australian bank, Macquarie has announced a strong uptick in earnings for the year. The company banked an impressive $4.706 Billion in profit which was an increase of 56% on 3,015 Billion for the FY21. Net profit was also up by 30% on 1H22. The company decided to give back ordinary dividends to the value of $6.22 per share. The bank unlike the ot...
Is the Japanese Yen, JPY at risk?
The Japanese Yen, Japan’s currency, has long been classed in the safe haven category along with the USD and Gold. A currency that even in times of extreme pressure in the world economies, has been able to hold its price somewhat, compared to other major currencies. This is one of the reasons why Japan’s economy, albeit heavily in debt, is r...
Preview: Non-Farm Payroll Announcement
It’s the beginning of a new month which means that the Non-Farm Payroll figures will be released by the US Bureau of Labor Statistics. The latest US jobs data for April will be released at 1:30pm London time on Friday. Why is the announcement important? Non-Farm Payroll is one of the most closely watched indicators. It is considered the mos...
Lucid posts better than expected results in Q1
Lucid Group Inc. (LCID) reported its first quarter financial results after the market close on Thursday, delivering solid results. The US electric vehicle manufacturer reported revenue of $57.675 million, surpassing analyst estimate of $55.556 million. The company reported a loss per share of -$0.05 vs. -$0.31 loss per share expected. "We ...
AGL Energy and The Mike Cannon-Brookes Take Over
First things first; who is AGL Energy? AGL is a leading integrated essential service provider, with a proud 185-year history of innovation and a passionate belief in progress – human and technological. They deliver 4.5 million gas, electricity, and telecommunications services to residential, small and large business, and wholesale customer...
Uber Q1 results have arrived
Uber Technologies Inc. (UBER) reported its latest financial results on Wall Street on Wednesday. World’s largest ridesharing company reported revenue of $6.854 billion (up 135% from the same period last year) vs. $6.098 billion expected. The company reported a loss per share of -$3.04 for the first three months of 2022 vs. -$0.27 loss per s...
