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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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AU and Asian markets open in the green after mixed lead in from Wall St

The ASX200, Nikkei and Hang Seng are all looking to open in the positive after a mostly positive lead from Wall St with all major US indices but the Dow eking out gains despite ongoing debt ceiling headwinds and some hawkish Fed speak. The Russell 2000  saw strong advances, aided by a bounce in regional banks with PacWest (PACW) surging after anno...

May 23, 2023
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The Week Ahead – RBNZ, UK and US inflation and debt ceiling impasse headline risk events

With Junes FOMC policy meeting still up in the air as far as markets are pricing in, FOMC minutes and US PCE core inflation figures (reportedly the Fed’s favoured measure) released this week will be closely watched and likely go a long way to settling market participants mind as to what the next move from the fed will be. From the UK inflation da...

May 22, 2023
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US equities rally, dollar and yields surge on data and hawkish Fed speak

US indices were firmly higher on Thursday with a Big Tech bias, with the Nasdaq outperforming , rallying 1.5%, lifted by the likes of Nvidia (NVDA), Amazon (AMZN), and particularly Netflix (NFLX), which saw near double-digit strength after a positive ad tier subscriber update. Strong data releases (good news is good news now?) and a more haw...

May 19, 2023
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AUD analysis – waiting for a catalyst – range trading and mean reversion opportunities

The Aussie dollar has been fairly directionless since late February with it seemingly waiting for a catalyst to break it’s ranges and take the next leg up or down, data this week has failed to provide that. This opens up a couple of very good opportunities for traders, range trading the AUDUSD and mean reversion trades on the AUDNZD. Starting ...

May 18, 2023
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Market Analysis 15-19 May 2023

XAUUSD Analysis   8 – 12 May 2023 The gold price outlook is generally positive in the medium term. Although the close of last week's sell pressure bar indicates a significant loss of buying momentum, due to the sell-off during the week but the price is still moving above the 2000 support level after a rebound to test and then rebound. It...

May 18, 2023
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US stocks surge on bounce in regional banks and debt ceiling optimism

Major US indices finished solidly in the green in a broad rally as risk appetite returned to the market amid optimism debt ceiling negotiations and a reassuring update from regional bank Western Alliance (WAL) which reported growth in its deposits. The Dow was up over 400 points, or 1.24% while the Russell 2000 outperformed, up over 2%, flying on a...

May 18, 2023
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Target beats estimates – the stock is up

Target Corporation (NYSE: TGT) announced Q1 financial results before the market open in the US today. The company posted solid results beating revenue and earnings per share (EPS) estimates. Company overview Founded: June 24, 1902 Headquarters: Target Plaza Minneapolis, Minnesota, United States Number of employees: 440,000 (2023) ...

May 18, 2023
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US equities finish in the red after retail sales miss and ongoing debt ceiling concerns

US stocks finished mostly lower in what was a risk-off session amid mixed data releases from the US and ongoing debt ceiling concerns weighing on risk markets. A lackluster forecast from retail giant (and Dow component) Home Depot (HD) also didn’t help. The Dow led losses, ending up down over 300 points while the Nasdaq was the least worst of ...

May 17, 2023
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US stocks finish in the green on weak data and regional bank short squeeze

Major US indices finished broadly higher after weak Empire State manufacturing figures fed into the “bad news is good news” for equities narrative, and a surge higher in regional bank stocks allayed fears of further crises in that sector in the short term. The Russell 2000, being the home of most of these mid-sized banks outperformed, finishing...

May 16, 2023
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The Week ahead – US retail sales, jobs data from UK and Australia, RBA minutes.

Global markets enter the 3rd week of May against the backdrop of rising market concern regarding the ongoing US debt ceiling impasse as well as ongoing risks in the US banking system, both of which dampening risk sentiment and seeing markets rangebound as they await a solid catalyst to get moving. US 1 year Credit Default Swap price spiking on d...

May 15, 2023
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US stocks mostly lower as bank woes sour risk sentiment, BoE hikes rates

US indices closed the session mixed with outperformance in Nasdaq, propped up by Google(GOOG) as their continuing I/O event bolstered their stock price. However, other major indices finished solidly in the red, with the Dow down over 200 points, dragged down by Disney, and the S&P500 and Russell 2000 suffering from further banking woes after Pa...

May 12, 2023
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Bank of England hikes again

Bank of England announced the latest policy decision on Thursday, raising interest rates for the 12th consecutive time from 4.25% to 4.5%, which was in line with expectations. Bank of England’s Monetary Policy Committee voted by a majority of 7-2 to raise interest rates to 4.5%. Two members voted to maintain the interest rate unchanged at 4...

May 11, 2023
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GBPUSD analysis – Is the Bank of England approaching peak rates?

The Bank of England (BoE) is due to release its interest rate decision today, with markets expecting a 12th consecutive hike to take interest rates to 4.50%. There has been increasing speculation that the BoE is reaching its terminal rates and could follow the lead of the US FOMC and the ECB in signaling a slowdown or pause on further rate hikes fo...

May 11, 2023
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US stocks finish mostly up in chaotic session after CPI slip

US equity markets whipsawed in a volatile session after CPI figures showed a slight softening in the headline reading, this saw stocks initially rally, before dipping and rallying again to finish the session on a strong footing. The Nasdaq outperformed in a lower yield environment and was given a boost by Alphabet (GOOG) which rallied over 4% amid ...

May 11, 2023
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Walt Disney continues to lose subscribers – the stock is falling

World’s largest entertainment company The Waly Disney Company (NYSE: DIS) announced second quarter financial results ended April 1, 2023, after the market close on Wall Street on Wednesday. Company overview Founded: October 16, 1923 Headquarters: Team Disney Building, Walt Disney Studios, Burbank, California, United States Number of...

May 11, 2023
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