Articles
EUR looking to continue its bullish trend ahead of FOMC and ECB meeting
The EUR has been on a run since it bottomed in September 2022. From that time, the price is up almost 15% and is currently trading at 1.0863. However, with important economic data to come out of the USA and the next interest rate decision from both the ECB and the Federal Reserve coming out in the next few days the market may find some more directi...
Notice to clients – Scam websites warning
In this climate of phishing and scam websites and messages, we’d like to take this opportunity to remind our clients of the official GO Markets websites. Scammers at times will register similar domains, with minor spelling differences, and copy our website design in an attempt to deceive visitors. These copies can sometimes be very convincing....
Is this Bitcoin rally real?
Bitcoin has rallied extremely hard to start the year as risk on sentiment returned to begin the year with the price of the leading cryptocurrency at its highest level since August of 2022. Risk assets have been the play in early 2023 with hopes for a settling of interest rate hikes by major central banks. As the technology sector and other growt...
US Dollar Index Testing Key Level
US Dollar Fundamental Analysis Recent data indicated that the U.S. economy grew strongly in the fourth quarter which has boosted the Dollar against the Euro. This has supported the Federal Reserve's hawkish stance in spite of reports that US consumer spending has fallen, and inflation has cooled. According to the Commerce Department, the Consumer ...
Week Ahead :FOMC meeting looms as next major catalyst
All eyes will be on the Federal Reserve this week as they meet again to decide on the next set of interest rate hikes. The Fed is expected to raise rates by 25 bps with the accompanying statement providing important insight as to their sentiment going forward. The question to be answered will be whether a recession will be avoided, or inflation is ...
Mastercard Q4 results announced
Mastercard Inc. (NYSE: MA) announced the latest financial results for the previous quarter before the market open on Thursday. World’s third largest financial services company beat both revenue and earnings per share (EPS) estimates for Q4 2022. The company reported revenue of $5.817 billion vs. $5.793 billion estimate. EPS at $2.65 per ...
AUD hits $0.71 for first time since August 2022
The Australian dollar has continued its rise against the USD reaching the highest level in almost 3 months. With risk on assets receiving a boost and the USD weakening the Australian dollar has been a big beneficiary. As hopes for a Federal Reserve pivot increase the greenback has seen aa pullback and growth assets have seen an influx of money. Wit...
Tesla posts mixed Q4 results
Tesla Inc. (NASDAQ: TSLA) reported Q4 2022 financial results after the market close in the US on Wednesday. World’s largest automaker reported revenue that fell short of Wall Street expectations at $24.32 billion (up by 37% vs. Q4 2021) vs. $24.669 billion expected. The company beat earnings per share (EPS) estimates for Q4. EPS at $1.19 pe...
Technology sector facing cuts, but is it a good thing for investors and traders?
The technology sector saw some of its worst losses in 2022 as inflation ramped up and Central Banks were tasked with increasing interest rates to fight the record high inflation. As the cost of borrowing has increased, start-ups and other small cap, growth sectors have suffered immensely. The current Federal Reserve funds rate is 4.25-4.50% which i...
Microsoft results announced – the stock jumps in the after-hours
Microsoft Corporation (NASDAQ: MSFT) reported the latest financial results on Wall Street after the market close on Tuesday. Let’s take a closer look at the results. The US technology giant reported revenue of $52.747 billion for quarter ending on December 31, 2022 (up by 2% year-over-year), narrowly falling short of $52.987 billion revenue ex...
Is the current Ethereum momentum real?
Ethereum and its big brother Bitcoin, have seen one of their most momentous moves since their peaks in November 2021. Various sector wide catalysts worked to move the price down including the collapse of Celsius and FTX which caused shockwaves to the cryptocurrency community. Inflationary pressures also left growth assets reeling in losse...
Market continues to consolidate as technology sector begins to rev its engines
The equities market continues to show positive signs as hopes for a pivot from the major central banks continued. The Nasdaq closed the week 0.72% higher and had a powerful Friday session in which jumped 2.66% higher. The S&P 500 dropped 0.66% lower and the Dow Jones fell by 2.70% for the week as the market shifted back into higher growth asset...
How to optimise your dividends and maximise your returns?
What is a dividend? A dividend is a payment made by a company to its shareholders to give back some of its profits or return. Dividends are most often paid to shareholders, annually, semi-annual, or quarterly. Non annual dividends that are paid periodically are known as interim dividends. Companies can also pay dividends at their dis...
Natural Gas price continues to tumble, but the bottom may be near
The price of Natural Gas has continued its drive back down after peaking in the middle of last year. The price has had an aggressive sell off after an equally aggressive run during the initial stages of the Russian and Ukraine conflict. This was due to Russian gas exports being banned and elevated inflation levels. However, as the conflict has subs...
JPY well placed ahead of Bank of Japan meeting
The Bank of Japan is set to release its rate decision and policy statement later today in what could shape as an important catalyst for the JPY. The JPY will likely see some increased volatility in the lead up to and as the BOJ announces its rate decision. There is no clear consensus on what the BOJ will do but it ranges from the Bank holding th...