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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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FX Analysis – USDJPY surges post BoJ, AUDUSD drops on dovish RBA, USD bid ahead of FOMC

JPY was the currency everyone was watching coming into the pivotal BoJ meeting on Tuesday. The BoJ, as widely telegraphed, ended 17 years of negative interest rates, ETF purchases and their yield curve control policy. While a big move from the central bank there was no real surprise, with USDJPY surging to touch on 151, well into the “interventio...

March 20, 2024
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GO Markets victorious at the World Business Outlook Awards

The World Business Outlook Awards are among the most distinguished recognitions in the global business landscape, celebrating excellence, innovation, and outstanding performance across various sectors. GO Markets' remarkable win in this category underscores its commitment to providing exceptional services and building trust among its clientele. ...

March 20, 2024
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FX analysis – AUD whipsaws ahead of RBA, USDJPY inches higher with BoJ in sight, XAUUSD holds support

Mondays FX trade was relatively quiet on ahead of a some key central bank meetings today in the RBA and especially the BoJ. USD saw gains with the Dollar Index (DXY) rising from lows of 103.33 to highs of 103.65, with the index heading into APAC trade near Monday’s session high after yields were higher across the curve ahead of key risk events...

March 19, 2024
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Adobe sets a new revenue record but the stock is falling

One of the largest software companies in the world, Adobe Inc. (NASDAQ: ADBE) announced Q1 FY2024 earnings results after the market closed in the US on Thursday. The company achieved revenue of $5.182 billion – a new record vs. $5.143 billion expected. Revenue grew by 11% year-over-year. Earnings per share (EPS) was reported at $4.48 (up fr...

March 15, 2024
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FX Analysis – Gold rebounds, USDJPY whipsaw, EURUSD holds key support

USD saw marginal weakness on Wednesday in a quiet news day. The US Dollar Index (DXY) pushing to lows after a strong 30yr Treasury saw yields drop and DXY briefly breaking beneath Tuesdays low of 102.72.  A turn around later in the session saw DXY retake the 50% Fib support level at 102.80 ahead of today’s Retail Sales, Jobless Claims, and PPI d...

March 14, 2024
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Lennar Q1 2024 financial results announced

Lennar Corporation (NYSE: LEN) has had a good start to 2024 with the share price up by over 11% reaching new all-time highs. On Wednesday, it was time for the US construction company to release the latest financial results for Q1 2024, ending on 29/2/24. Lennar reported revenue of $7.313 billion for the quarter, which was below estimate of $7...

March 14, 2024
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Oracle stock rises in after-hours as earnings top Wall Street expectations

Oracle Corporation (NYSE: ORCL) announced the latest financial results for Q3 of fiscal 2024 after the market close on Monday. The US software and hardware manufacturer did not disappoint investors as both revenue and earnings per share (EPS) topped estimates. The company achieved revenue of $13.3 billion for the previous quarter vs. $13.286 ...

March 12, 2024
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FX Analysis – Yen surges on BoJ jawboning, Gold sets another ATH, EUR breaks key level

USD was notably weaker in Thursday’s session ahead of the pivotal NFP report on Friday. The US Dollar index falling for the fifth straight session and breaking below 103 to touch on the Jan 24 lows before finding some support. Risk-on sentiment, a fall in yields and weak jobless claims data being the main drivers of the Greenback decline. ...

March 8, 2024
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Costco tops EPS but falls short on revenue

Broadcom Inc. (NASDAQ: AVGO) wasn’t the only company releasing the latest earnings report on Thursday. World’s second largest supermarket chain Costco Wholesale Corporation (NASDAQ: COST) also announced their results after the closing bell on Wall Street. Costco reported revenue of $57.33 billion vs. $59.111 billion expected. Revenue rose...

March 8, 2024
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Broadcom beats Wall Street expectations

Broadcom Inc. (NASDAQ: AVGO) announced its latest financial results after the US market closed on Thursday. The US tech giant achieved revenue of $11.961 billion in the first quarter of fiscal year 2024 (up by 34% year-over-year) vs. $11.759 billion estimate. Earnings per share was reported at $10.99 (up by 6.38% year-over-year) vs. $10.368 p...

March 8, 2024
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JD.com earnings announced – the stock is up

It hasn’t been the best start to 2024 for JD.com Inc. (NASDAQ: JD) with the stock down by over 14%. On Wednesday, the Chinese e-commerce company announced the latest financial results, which sent the stock higher. Beijing based company achieved revenue of $43.111 billion vs. $42.216 billion expected. Revenue increased by 3.6% year-over-year...

March 7, 2024
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FX Analysis – Risk-off sees Gold soar to all time highs, Yen outperforms after hot CPI

Risk off returned to the markets in Tuesdays session with US equity markets pulling back sharply led by tech stocks with the NASDAQ being the biggest loser, shedding 1.65%. The big headline for the day in FX was gold touching on all-time highs, rallying for a fifth straight session, buoyed by haven flows and a drop in US treasury yields. XAUUSD ...

March 6, 2024
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NIO Q4 2023 and full-year results are here

Last week, Chinese electric vehicle manufacturer NIO Inc. (NYSE: NIO) released its latest delivery numbers for February. On Tuesday, it was time for the company to announce Q4 2023 and full-year financial results. Let’s take a closer look at how the company performed. NIO achieved revenue of $2.409 billion for the last three months of 2023, wh...

March 6, 2024
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Target stock rallies as earnings exceed expectations

American supermarket chain Target Corporation (NYSE: TGT) announced the latest earnings results before the opening bell on Wall Street on Tuesday. Target reported revenue of $31.919 billion for the previous quarter vs. $31.827 billion expected. Earnings per share (EPS) also topped estimates at $2.98 vs. $2.416 per share expected. Revenue a...

March 6, 2024
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FX analysis – Gold hits new closing high, USDJPY holds above 150, DXY flat despite rising yields

Gold surged again in Monday’s session despite a rise in US Treasury yields and setting a new closing high. There was little fundamental news to drive the rally though a comparable surge in the Crypto markets has seemingly given the other “alternative” currency a tailwind. This is four up sessions for gold and with momentum behind it is eyeing...

March 5, 2024
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