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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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US stocks slide on weak JOLTS report and lingering bank fears ahead of FOMC

Risk off returned as US stock indices were broadly lower in Tuesdays session on JOLTS job opening data showing a rapid weakening of the US labour market and regional banks again resuming their slide on lingering fears of the health of the sector. All four major indices finished well in the red, with the home of the aforementioned regional banks, th...

May 3, 2023
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Uber beats expectations – the stock is up

Uber Technologies Inc. (NYSE: UBER) announced first quarter results before the market open in the US on Tuesday. World’s largest ridesharing company beat analyst expectations for the quarter, sending the stock price higher. Company overview Founded: March 2009 Headquarters: San Francisco, California, United States Number of emplo...

May 3, 2023
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RBA surprises the market hiking 25bp against expectations

The Reserve Bank of Australia rate meeting today was supposed to be a done deal of another hold in rates, with futures markets pricing in an over 90% chance of that being the outcome. The RBA however, showing their determination to get an inflation rate still well outside their target band instead delivered a 25bp hike after last months pause, s...

May 2, 2023
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US stocks finish flat in choppy low volume session, JP Morgan buys First Republic

Major US indices finished little changed in a lighter than average session with London and Europe closed for the May Day holiday with traders looking ahead to a busy week in Central Bank action. The Dow Jones, S%P 500 and Nasdaq all finished modestly in the red, with the Russell 2000 being the only index to finish positively after a last-minute ...

May 2, 2023
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Natural Gas analysis – another bull run coming?

Natural Gas price action has had an amazing two years, with the usually pretty boring commodity showing extreme volatility pushing it to all time highs before a dramatic collapse seeing it back where it started in 2020. Like all the energy complex, Oil being a good example, the start of the Covid panic saw wild price fluctuations as traders came...

May 1, 2023
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Key events in the week ahead – ECB, RBA and FOMC

US stocks rallied into month-end on Friday with the VIX falling beneath 16 to finish off a volatile but ultimately positive month for global markets despite news of another bank collapse in the US. Risk appetite returned on mostly strong US earnings and the markets belief we are close to the end of Central Bank hiking cycles, the Dow Jones having i...

May 1, 2023
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Why Trade Gold with GO Markets?

Gold has always been one of the most popular and highly traded markets for CFD traders, especially recently as its price has risen to test its all-time highs. It’s easy to see why, Gold has been a store of value throughout history and now with institutional grade spreads and zero commission there has never been a better time for GO Markets client...

May 1, 2023
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BoJ Governor Ueda’s first monetary policy meeting

The Bank of Japan is due to hold its first monetary policy meeting under new Governor Ueda on the 29th of April 2023. Since his appointment, Governor Ueda has frequently indicated that the BoJ will continue with its current easing stance on monetary policy with targets for long and short-term interest rates. Although headline and core inflation run...

April 28, 2023
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Asian session looking to open up after Wall St rallies on strong earnings and data releases – tech leads after Meta beats

US stock indices rallied as risk appetite returned as banking fears seemed to take back seat and strong tech earnings saw the bulls in charge. The Dow and S&P 500 had their best day since January while the Nasdaq led the charge higher, rallying almost 2.5% after impressive tech earnings continued with Meta rallying 14% in the session. Te...

April 28, 2023
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What are jobless claims?

Jobless claims refer to a weekly statistic published by the U.S. Department of Labor, indicating the number of individuals applying for unemployment insurance benefits. These claims are categorised into two groups: initial claims, encompassing first-time filers, and continuing claims, representing those who were already receiving unemployment benef...

April 27, 2023
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US Stocks finished mostly down on bank stress – Nasdaq lifted by tech earnings

Major US Stock indices were mixed in Wednesdays session after  further banking woes dragged down the Dow, S&P500 and Russell while the Nasdaq held up thanks to strong earnings from Microsoft and Alphabet. The Russell 2000 was again the underperformer as mid-sized bank worries continued, seeing First Republic Bank (FRC) dump another 30%, dra...

April 27, 2023
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Boeing results have landed – the stock takes off

The Boeing Company (NYSE: BA) announced Q1 financial results before the market open in the US on Wednesday. World’s largest aerospace company posted mixed results. Let’s take a close look at how it performed. Company overview Founded: July 15, 1916 Headquarters: Arlington County, Virginia, United States Number of employees: 156,00...

April 27, 2023
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Inflation growth slows for the Australian Economy

The Australian Consumer Price Index (CPI) y/y was released at 6.3%, lower than the market forecast of 6.5% and from the previous data of 6.8%. With inflation growth on a clear downtrend following its peak of 8.4% in January 2023, this is likely to reduce the need for further rate increases from the Reserve Bank of Australia (RBA). The Australian...

April 26, 2023
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How to Trade Gold CFDs – Fundamental and Technical strategies

Gold has always been one of the most popular and highly traded markets for CFD traders, especially recently as its price has risen to test its all-time highs. It’s easy to see why, Gold has been a store of value throughout history, and with CFDs it’s possible to take a position in this exciting market, whether you think the price will head up o...

April 26, 2023
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Market Analysis 24-28 April 2023

XAUUSD Analysis 24 – 28 April 2023 The gold price outlook is positive in the medium term. Although the close of last week's sell pressure bar indicates a loss of buying momentum. But the price is still above the 1960 support or the last high of the price in the Weekly time frame, which is very likely that the price will continue to swing o...

April 26, 2023
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