US equities snap five day losing streak, Oil tumbles on recession fears

US equities rose in Thursday’s session in a subdued risk environment ahead that saw traders tiptoeing ahead of next week's US CPI figures and FOMC meeting. US indexes broke a five-day losing streak with the Nasdaq advancing 1.1% after having its worst first week of December since 1975 and being the best performer in the session. It was ...

December 9, 2022
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Oil continues to fall amid news of price cap

The primary reason for the drop in price is the economic slowdown that has become prevalent in the global market. As fears of a recession continue to grow, the price of Oil has continued to drop. To make matters worse, the G7 have set a $60 per barrel price cap. This price cap was created to restrict Russia’s ability generate revenue from its oil...

December 8, 2022
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Is the SP500 ready for next move down?

The major American Indices have begun the last month of the year with in an extremely bearish state as recessionary fears rise to the surface again. With the positive sentiment relating to a potential pivot from the federal reserve seemingly disappearing, thoughts of a hard landing have become increasingly prominent. Even with an expected slowdown ...

December 7, 2022
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How to use a trading a journal to reduce your learning curve

As a new trader, riding the emotional ups and downs can be a very difficult task. It is human nature to feel the pain of a losing trade. The losing often outweighs the positive feeling of any winning trade. Dealing with the emotion of trading can be an incredibly difficult task. It can cause even the best system to fail. A trading journal especiall...

December 6, 2022
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The Week Ahead – CAD, AUD rate decisions ahead, Fed enters blackout period

With US equities flip flopping recently on the market’s perception of a Fed Pivot (or not) and seemingly changing with the wind on any inflation data or jaw boning from Fed members, the week ahead might offer a welcome respite as the Fed goes into its black out period and US data is light on the ground. The major risk events for FX traders loo...

December 5, 2022
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Hold up, the ASX200 is only 4% off its all-time high

It has been a tough year for the stock market in 2022 with a war in Eastern Europe and record high inflation have dominating the news. Furthermore, the drop in growth assets has been spectacular. Bitcoin has capitulated by almost 77% and the once exuberant technology sector has suffered some of its worst losses in years, with the FANG stocks droppi...

December 2, 2022
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US equities mixed but hold post-Powell gains ahead of today’s NFP report

After Wednesday’s explosive up move on what was seen as dovish comments from Fed chair Jerome Powell, Thursdays US session was more of a consolidation ahead of today’s all-important NFP figure. Us indexes were mixed, with falling treasury yields favouring Tech and hurting banks , seeing the Nasdaq as the only index to eke out a gain for the ...

December 2, 2022
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Salesforce tops Q3 estimates, Co-CEO steps down

The world’s leading customer relationship management company Salesforce Inc. (NYSE: CRM) announced its latest financial results after the market close in the US on Wednesday. The company beat both revenue and earnings per share (EPS) estimates. Revenue reported at $7.84 billion (up by 14% year-over-year) vs. $7.827 billion expected. EPS ...

December 2, 2022
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How to use Arbitrage trading to increase profits

How to use Arbitrage trading to increase profits   Professionals in finance like to use hard to read and complicated language to make what they do much harder and more complicated than it sounds. However, when it comes to arbitrage, it is actually a relatively simple concept that can be used in trading, to develop an accurate system that...

December 1, 2022
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Bitcoin rockets after powerful spike

Bitcoin rockets powerful spike   Bitcoin’s price has seemingly spiked out of nowhere in what has been in one of its strongest moves in days. With Bitcoin’s price suffering from sector volatility, it and most other cryptocurrencies has seen an aggressive sell off. This current rise in price is threatening to test the upper resistance po...

November 30, 2022
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US stocks falter as yields rise ahead of Fed chairs Jerome Powell speech

After a positive lead from the APAC region on China re-opening optimism, US markets drifted lower as traders braced themselves for an expected hawkish Jerome Powell speech to be delivered midway through todays US session. The Dow Jones eked out a small gain while the more risk and interest rate sensitive Nasdaq was the underperformer, not helped...

November 30, 2022
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Will BlockFi be another FTX?

Not even one week after crypto exchange FTX officially filed for bankruptcy another Cryptocurrency entity has felt the wrath and submitted its own Chapter 11. The spread and contagion effect from FTX was always a concern and now cryptocurrency lender BlockFi has fallen. BlockFi had been struggling even prior to the FTX collapse. In fact, the com...

November 29, 2022
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US stocks tumble, USD rallies as Fed hawks and China protests sour risk appetite

Stocks were sold globally in Mondays session as risk appetite took a hit on civil unrest and increasing Covid cases in China dashing re-opening hopes. Adding to this was the reset of the “Fed Pivot” narrative with a quartet of Fed governors throwing cold water on that idea, re-iterating the Fed was in for the long haul in their quest to tame in...

November 29, 2022
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Pinduoduo tops revenue estimates for Q3 – the stock is rising

The Chinese e-commerce platform Pinduoduo Inc. (NASDAQ: PDD) announced its unaudited Q3 financial results on Monday. The company beat revenue estimates for the quarter, but fell short of earnings per share (EPS) estimates. Revenue reported at $4.991 billion (an increase of 65% year-over-year) vs. $4.315 billion estimate. EPS at $0.302 per ...

November 29, 2022
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Phillip Lowe apologises to the Australian Public over missed forecasts

Phillip Lowe, governor of the Reserve Bank of Australia, (RBA) has issued an apology to the Australian public in his most recent statement. Lowe specifically apologised for providing guidance in 2020 and 2021 that the official cash would only rise in 2024. Instead, rate rises began earlier this year and rises have occurred in 7 straight months. Dur...

November 28, 2022
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