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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 equities whipsaw on CPI, S&P downgrade – Oil and BTC at critical levels

We had roller coaster of a ride on US markets in Tuesdays session, US markets initially moved higher on a CPI figure that came in line with expectations taking a little bit of pressure off the fed and no more news of banks going bust. The punchbowl was taken away later in the session though as news of a US drone and Russian jet colliding paired ...

March 15, 2023
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How to trade the US Dollar Index

The US Dollar Index (DXY) is a popular tool used by forex traders to assess the value of the US dollar relative to a basket of other major currencies. The DXY is calculated using the weighted average of six major currencies: the euro, yen, pound sterling, Canadian dollar, Swedish krona, and Swiss franc. To use the DXY to trade forex, you can fol...

March 14, 2023
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US Equities mixed, Bonds and gold fly on SVB contagion fears

Well, that was an interesting session.. US futures opened flat on Monday, before news of a Federal bailout of SVB depositors saw index futures soar, the Dow up over 400 points early in the session. This didn't last however as contagion fears saw stock sell off over the session, with only the Nasdaq able to hold onto a gain, which is not surpr...

March 14, 2023
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Bank of Canada keeps interest rates at 4.50%

This week, the Bank of Canada (BoC) released its decision to hold interest rates at the current level of 4.50%. In the rate statement, the BoC indicated that inflation has eased to 5.9%, and the expectation for weaker economic growth and a moderation of wage growth could see inflation continue on its downward trajectory. The BoC highlighted that it...

March 10, 2023
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Hawkish Powell slams Stocks, Gold and Oil, USD takes off

Jerome Powell, testifying in front of Congress early in the US session, dashed the bulls hopes of a Fed pivot anytime soon after hinting that larger than expected hikes are a possibility and rates could stay higher and longer than the market was pricing in. This saw an instant reaction in risk assets as the markets priced in a terminal Fed rate ...

March 8, 2023
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XAUUSD, GBPJPY, and GBPUSD Analysis

XAUUSD Analysis The gold price outlook remains positive in the short and medium term. Gold price has rested above support 1847 and support 1830 is the next support in case support breaks 1847 down, but if the price rises, resistance 1858 is a short-term target or High. The latest that the price has made And the next resistance at the price l...

March 7, 2023
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USDJPY – Bank of Japan Policy Decision & the 10-yr JGB Yield

The USDJPY had been trading steadily higher in February, from the 128.50 support level, up toward the 137 round number resistance level. This move was driven by a combination of fundamental reasons (strengthening of the DXY and overall weakness of the Japanese Yen) and technical setup (the golden cross, where the 50-period Moving Average crossed ov...

March 6, 2023
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US stocks lift off after Bostic comments, EU sees record inflation print driving bond yields higher

A strong US labour market figure , unemployment claims dropped to 190k when 196k was expected, in combination with a record high Core CPI figure out of Europe saw the US equity session get off to a rocky start as bond yields soared. That all changed later in the session as a Bloomberg headline hit with comments from Fed member Bostic. Whi...

March 3, 2023
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US Stocks Mixed in Choppy Session Driven by Data and Fed Speakers

US stock indexes went on a rollercoaster ride in their Wednesday session after weaker then expected US ISM and Manufacturing PMI figures were offset by prices paid showing a return to expansionary territory adding to inflationary concerns after the string of hot January prints. Adding to the mix was Hawkish rhetoric from voting Fed member Kashkari ...

March 2, 2023
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AUD CPI eases but Interest Rates could continue rising

The Consumer Price Index (CPI) is an inflation indicator that is closely watched by the markets and policymakers as a gauge of economic fluctuation and price stability. Generally, central banks set and adjust their monetary policy mandate in order to achieve a target level of 2-3% which would allow for moderate growth in prices. As the major econom...

March 2, 2023
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Pepperstone Head switches to GO Markets

Leading online broker GO Markets has hired ex-Pepperstone Head of Market Risk, Peter Spanos. Peter has joined GO Markets as Head of Risk & Product Development, flagging a new era of growth for the Australian-founded broker. Spanos said of his new position, “It’s exciting to work at a company with a supportive culture. GO Markets has big ...

February 27, 2023
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Surprising PMI data for the UK

The Purchasing Managers Index (PMI) is a leading indicator of economic health where an expansion of the industry is indicated by a data release above 50, while a release below 50 indicates a contraction. On Tuesday, the Flash Manufacturing PMI was released at 49.2 (Forecast: 47.5) and the Flash Services PMI was released at 53.3 (Forecast: 49.2) for...

February 23, 2023
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Hot PMI Data Sees Dow Turn Negative For The Year As Stocks And Bonds Tumble

US Flash Services and Manufacturing PMI’s came out better than expected , showing the US economy remains resilient in the face of raising interest rates. The January narrative of a Fed pivot on fears of an economic slowdown has flipped 180 degrees in February as persistently strong figures have traders repricing markets for “higher for longer...

February 22, 2023
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Walmart Q4 and full-year results announced

Walmart Inc. (NYSE:WMT) announced Q4 and full-year financial results before the market open on Wall Street on Tuesday. World’s largest supermarket chain posted solid results for the quarter – beating both revenue and earnings per share (EPS) estimates. The company reported revenue of $164.048 billion (up by 7.3% year-over-year) vs. $159.7...

February 22, 2023
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RBNZ Cash Rate Decision Preview

The NZDUSD has been on a decline since the start of February 2023, with the price reversing strongly from the high of 0.6540 ending the previous week bouncing off the 200-day moving average and previous swing low price level of 0.6190. This week, we have the Reserve Bank of New Zealand (RBNZ) due to release their interest rate decision. Current ...

February 20, 2023
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