Economic Updates

Economic Updates

Are the Iron Ore players set to rebound?

Australian Iron ore miners have faced a tough period after a golden era largely due to the strong economic growth in China. The industry was pumping whilst China was reliant on the material for its own industry and growth. However with China’s economy slowing down and the pandemic adding restraints on this, the sector has seen a slowdown and the ...

May 27, 2022
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Alibaba beats estimates – the stock is rising

Alibaba Group Holding Limited (BABA) reported its latest financial results for the quarter ended March 31, 2022 before the market open on Thursday. The Chinese e-commerce giant posted better than expected results, sending the stock price higher. The company reported revenue of $32.167 billion in the quarter (up 9% year-over-year) vs. $31.444 bil...

May 27, 2022
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Semi-conductor supply crunch

The global market has seen what can happen when there are disruptions to critical supply chains. However a lesser known critical material or part of the electronic supply chain is the delicate supply of semi-conductors. The Covid -19 Pandemic and the Russian and Ukraine war have highlighted how vulnerable secure supply chains can be to global volat...

May 24, 2022
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Xpeng tops first quarter expectations – the stock falls on future outlook

Xpeng tops first quarter expectations – the stock falls on future outlook Xpeng Inc. (XPEV) reported its first quarter financial results before the opening bell on Wall Street on Monday. The Chinese electric vehicle company reported revenue of $1.175 billion in the quarter (up by 152.6% year-over-year) vs. $1.165 billion expected. The co...

May 24, 2022
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Deere & Co. tops estimates

Deere & Co. (DE) reported its financial results on Friday for the second quarter ended May 1, 2022. The American manufacturer of farm machinery and industrial equipment reported revenue of $13.37 billion in the quarter (up by 11% year-over-year), topping analyst estimate of $13.231 billion. Earnings per share also coming in above expectat...

May 22, 2022
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Why are US retail giants bleeding?

Retail and consumer staples Walmart and Target have seen dramatic drops in their share prices in the last week as the cost of inflation begins to take its toll. Both retail in the USA have become unstuck as the consequences of high inflation begins to take effect. The companies saw a big drop in profitability as rising costs continue to put pressur...

May 20, 2022
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Target Q1 results announced

Target Corporation (TGT) reported its Q1 financial results before the market open in the US on Wednesday. The US department store chain reported revenue of $25.17 billion in Q1 (up by 4% vs. the same period last year), slightly beating analyst estimate of $24.475 billion. The company missed analyst expectations for earnings per share for the ...

May 19, 2022
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Supply Chains hit WHEAT

As we come to terms with the Russian invasion of Ukraine, which has affected most of us in one way or another, some more fortunate than those within Ukraine borders. We are coming to terms with certain facts of life, including that our economies have been affected by the pressure of imports and exports, inflation has reared its head hitting househo...

May 18, 2022
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Walmart earnings results are in – the stock is falling

Walmart Inc. (WMT) reported its latest financial results before the opening bell on Wall Street on Tuesday. World’s largest supermarket chain reported revenue of $141.569 billion for the quarter (up 2.4% year-over-year) vs. $138.835 billion estimate. Earnings per share reported at $1.30 per share, falling short of analyst forecast of $1.48 ...

May 18, 2022
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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...

May 17, 2022
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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...

May 16, 2022
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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...

May 16, 2022
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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...

May 12, 2022
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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...

May 12, 2022
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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...

May 11, 2022
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