Forex, commodity and CFD trading articles and news from GO Markets.

Articles

Trade from an informed place. We cover news, political events and market analysis plus product updates.

Articles

Trade from an informed place. We cover news, political events and market analysis plus product updates.

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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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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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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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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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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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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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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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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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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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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