US mid terms loom as a potential catalyst for equities.

The US midterm elections are coming up next week on 8 November and have the potential to have a big say on the direction and volatility of the US and global markets. All the 435 seats in the House of representatives will be decided upon. Currently, the makeup of the house includes 220 Democrats, 212 republicans and 3 vacant seats.   The ...

November 4, 2022
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Is Bitcoin in a league of its own?

Bitcoin, the currency of tomorrow, a new age currency, has seen some severe ups and downs over the last few years. From reaching highs of nearly 70,000 dollars to dropping to lows of 17,000 the volatility and action around the cryptocurrency has been startling. Even compared to other traditional currencies the range and volatility of the price has ...

November 4, 2022
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Bank of England announces biggest single rate hike in 33 years

Another day, another hike. On Wednesday, the US Federal Reserve announced its latest policy decision to raise its interest rates from 3.25% to 4%, to its highest level since January 2008. On Thursday, it was the Bank of England's turn to announce its decision. As expected, the central bank raised its interest rates by 0.75% to 4%. It was the hig...

November 4, 2022
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US stocks dump in choppy session after FOMC decision

US equites had a wild ride over night, A strong ADP jobs report was indexes track lower at the start of the session (Good news is bad news!) only to have a euphoric lift after the FOMC statement which traders took as a dovish pivot from the Fed, only to have the party ruined by Jerome Powell’s press conference where he poured cold water on that i...

November 3, 2022
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Airbnb sets a new quarterly record – disappoints on guidance

Airbnb Inc. (NAS:ABNB) reported its latest financial results after the closing bell in the US on Tuesday. World’s second largest online travel company beat both revenue and earnings per share (EPS) estimates for the quarter. Revenue reported at $2.884 billion (up by 29% year-over-year) vs. $2.852 billion expected. EPS at $1.79 per share ...

November 3, 2022
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ASX200 breaks out on the back of softer RBA softer interest rate hike

The ASX200 has seen some positive price action in recent weeks as the Australian equities market has benefited from relatively weaker inflation then much of the rest of the world. With the Reserve Bank of Australia, (RBA) only increasing interest rates by 25 bps at each of its last two meeting, the country’s central bank has seemingly chosen that...

November 2, 2022
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Stocks down, USD and Yields up ahead of key FOMC meeting

US stocks slid in a choppy session where a positive open soon sold off sharply on the back of a positive JOLTS report sparking a “good news is bad news” reaction in equity markets. The JOLTS survey showed that job openings surged in September, rising to 10.72 million, well above the expected 9.85 million, this saw rate hike odds soaring ahea...

November 2, 2022
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Shares of Pfizer rise as Q3 earnings beat estimates

Shares of Pfizer rise as Q3 earnings beat estimates Pfizer Inc. (NYSE:PFE) reported its latest financial results for the third quarter before the opening bell on Tuesday in the US. The US pharmaceutical company reported revenue of $22.638 billion (down 6% year-over-year) vs. $21.072 billion expected. Earnings per share reported at $1.78 pe...

November 2, 2022
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NIO October delivery numbers have arrived – the stock is up

NIO Inc. (NYSE:NIO) reported its latest delivery numbers for October on Tuesday. The Chinese electric vehicle company delivered 10,059 cars last month – up by 174.3% year-over-year. The deliveries in October consisted of: 5,979 premium smart electric SUV’s 4,080 premium smart electric sedans Production and deliveries were impac...

November 2, 2022
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NIO October delivery numbers have arrived – the stock is up

NIO Inc. (NYSE:NIO) reported its latest delivery numbers for October on Tuesday. The Chinese electric vehicle company delivered 10,059 cars last month – up by 174.3% year-over-year. The deliveries in October consisted of: 5,979 premium smart electric SUV’s 4,080 premium smart electric sedans Production and deliveries were impac...

November 2, 2022
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Understanding Retail Sales

Retail sales play a fundamental role in shaping the economic landscape of any country. These sales represent the culmination of consumer demand for finished products, serving as a barometer for economic health and a predictor of market trends. In the United States, this vital metric is meticulously tracked and reported monthly by the U.S. Census Bu...

November 1, 2022
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What Is the Consumer Price Index (CPI)?

CPI is a globally recognised economic indicator used by many countries to measure inflation and assess changes in the cost of living for their citizens. It evaluates the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services, such as food, clothing, rent, healthcare, entertainment, and tran...

November 1, 2022
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The Week Ahead – The Fed takes centre stage along with the RBA and BoE in a data heavy calendar

With the bulls fully in charge, global markets head into the first week of November with one of the most important economic calendars we’ve seen this year to look forward to. Risk-on has certainly been the narrative in October so far, with the Dow Jones index surging 5.89% last week, up 14.4% for October and on track, coming into its last trad...

October 31, 2022
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Buying entry forming on EUR/NZD?

The EUR has been rebounding strongly on the back of being sold off for much of the year. With inflation at record highs and a cost of living and energy crisis, the currency has become extremely weak, even dropping below parity with the USD. However, in recent week, the EUR has begun putting in a bottom. The ECB last night decided to raise their off...

October 28, 2022
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Why you need to be aware of Stop Loss Hunting

  Stop loss hunting is frustrating, annoying and can be detrimental to any retail trader. The premise of stop hunting is that large systemised institutional trading strategies know where the average retail trader or most traders will set stop losses and therefore profit off triggering these ‘stops. Their own algorithm will then deliberate...

October 28, 2022
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