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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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Rivian results announced – the stock is up

American electric vehicle Rivian Automotive Inc. (NASDAQ: RIVN) reported the latest financial results for Q1 after the market close in the US on Tuesday. Company overview Founded: June 2009 Headquarters: Irvine, California, United States Number of employees: 14,122 (December 2022) Industry: automotive, energy storage Key people:...

May 11, 2023
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US CPI preview – the chart to watch

Today’s US CPI number is the most important US data release this week. With the FX markets coming into this release with relatively low energy and searching for a catalyst any surprise will likely trigger significant intraday volatility in FX and other risk assets. We’re also coming into this release with a market split on the Feds next rate...

May 10, 2023
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US stocks fall ahead of CPI, Hawkish Central bank speak and debt limit limbo

US indices finished modestly lower on a light news day with traders cautious ahead of upcoming US CPI figures and following hawkish rhetoric from numerous ECB and Fed officials. There is also the US debt limit negotiations on the back of traders’ minds as agreement remains in limbo and talks look likely to be protracted. The Dow Jones was down...

May 10, 2023
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Crude Oil Trading with CFD’s – how to speculate on black gold

Crude Oil has always been one of the most popular and highly traded markets for CFD traders whether it is WTI or Brent, especially recently as geopolitical and economic forces have seen its price fluctuate from extreme lows to extreme highs. It’s easy to see why, Oil is a bellwether for the health of the global market, oil greases the wheels of g...

May 9, 2023
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Market Analysis 8-12 May 2023

XAUUSD Analysis 8 – 12 May 2023 The gold price outlook is positive in the medium term. Although last week's closing of the buying pressure bar would indicate a loss of buying momentum due to the weekly selloff. But the price is still moving above the 2000 support, it is very likely that the price will continue to move above the 2000 level ...

May 9, 2023
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Asian markets looking to open flat after US stocks finish mixed in choppy, rangebound session

Major US indices finished mixed to flat on a slow news day and lighter than usual volumes not helped by the UK being on a holiday as traders seem to be waiting for pivotal inflation data released later this week. The Nasdaq, lifted by lingering good feeling from recent Tech earnings outperformed, finishing up 21 points, while a paring back of a ...

May 9, 2023
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Risk events in the week ahead – BoE set to hike, US CPI

US stocks rallied strongly on Friday on a stronger than expected Jobs report, improved banking sentiment and strong earnings from Apple (AAPL) which saw the Nasdaq up over 2% and erasing the weeks losses to finish the first week of May modestly in the green. Non-farm payrolls smashed expectations, coming in at 253k new jobs created in April ...

May 8, 2023
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ECB hikes rates to 3.75%

Following the lead of the US Federal Reserve, the European Central Bank (ECB) announced its decision to hike rates by 25 basis points, taking interest rates in the Eurozone to 3.75% overnight. In the lead-up to the ECB meeting, there was some market speculation for a potential 50bps hike, which saw the EUR/USD trade to a 12-month high, reaching the...

May 5, 2023
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US stocks sink in risk off session as banking sector woes continue to weigh

US stocks indices finished in the red in a choppy session with more regional bank selling, mixed data releases (including a surge in US Labour Costs) and another hike out of the ECB keeping traders busy. All four major indexes finished broadly lower with financials leading the declines as more headlines hit the newswires regarding issues with re...

May 5, 2023
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Apple posts strong results

World’s largest company Apple Inc. (NASDAQ: APPL) announced the latest financial results after the market closed in the US on Thursday. After disappointing results last quarter, the company bounced back in the fiscal 2023 second quarter ended April 1, 2023, topping revenue and earnings per share (EPS) estimates. Company overview • Founded:...

May 5, 2023
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FOMC hikes rates but signals pause

In the most recent meeting, the US Federal Reserve hiked rates by 25 basis points, as anticipated, to take interest rates in the US to 5.25%, slightly beyond the terminal rate of 5.1%. However, the US Dollar Index (DXY) fell to the key support level of 100.80 which was last reached in April and February 2023, following the release of the rate hike ...

May 4, 2023
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Asian session update – risk returns

Asian indices and US futures have bounced back so far in the session after gapping down at the open after the news that another US bank could be in trouble, namely PacWest, which I’m pretty sure we’ll be hearing more about in the coming days. The ASX200 has recovered from its negative open, helped by a strong trade balance figure and is curr...

May 4, 2023
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US stocks tumble on Fed rate hike and “hawkish pause” – Futures down after market as banking crisis fears return

Asian equities are looking to open lower taking a lead from Wall St where US stocks finished in the red, with most losses coming after the FOMC decision late in the US session. The FOMC hiked rates 25bp as expected and released what was seen as a mostly dovish statement that left the door open for a pause, this saw market initially rally and cho...

May 4, 2023
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Kraft Heinz Q1 results

US food giant The Kraft Heinz Company (NASDAQ: KHC) reported Q1 financial results before the market open on Wall Street on Wednesday. The company topped both revenue and earnings per share (EPS) estimates for the quarter. Company overview • Founded: July 2, 2015 • Headquarters: Chicago, Illinois and Pittsburgh, Pennsylvania, United States ...

May 4, 2023
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Market Analysis 1-5 May 2023

XAUUSD Analysis   1 – 5 May 2023 The gold price outlook is positive in the medium term. Although last week's closing of the buying pressure bar would indicate a loss of buying momentum due to the weekly selloff. But the price is still moving in a narrow range above the 1960 support or the recent high on the Weekly timeframe. resistance 2...

May 3, 2023
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