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Thin trading in FX markets continued in a holiday shortened week with G10 FX mostly flat against the USD in Wednesday’s session also looking like traders are waiting for Fridays key US PCE inflation reading. The highlights were: USDJPY pushed past its November 2023 high hitting 151.97 which is the highest level this pair has reached since 1990...
Q1 earnings season is nearly finished but there are still a few companies expected to release their latest results for the previous quarter. On Wednesday, Cintas Corporation (NASDAQ: CTAS) announced their latest financial results. American company that specializes in the manufacturing and sale of workwear and uniforms achieved revenue of $2.4...
USD was slightly lower on Monday with DXY hitting a low of 104.140, holding above the 104 support level. News was light with only New Home Sales of any note, which missed modestly to the downside (662k vs the expected 675k). There was some Fed speak, the highlight being Fed hawk Bostic where he reiterated his desire of just one rate cut in 2024, th...
Accenture plc (NYSE: ACN) announced Q2 of fiscal 2024 earnings results before the US market opened on Thursday. Irish-American professional services company reported revenue that fell slightly short of analyst estimate of $15.847 billion at $15.8 billion. Earnings per share reached $2.77 for the quarter vs. $2.661 per share expected. Compa...
USD was notably lower after what was seen as a dovish FOMC meeting on Wednesday. The Fed 2024 median dot was left unchanged with 3 cuts for 2024 still the Fed forecast but the dovish part came at the presser where Fed Chair Powell downplayed the hot January and February CPI numbers. This dovish tilt saw risk assets surge and the USD dump. US...
It was a busy day in the US today, with investors waiting on the latest policy decision from the Federal Reserve. The Fed left interest rates unchanged at 5.5%, as expected. All three major Indices, Dow Jones, S&P 500, and Nasdaq finished the trading day at all-time highs for the first time since 8/11/2021. After the market closing bell, ...
World’s 3rd largest e-commerce company PDD Holdings Inc. (NASDAQ: PDD) reported Q4 2023 before the US market opened on Wednesday. The Chinese company achieved revenue of $12.519 billion in the last 3 months of 2023 vs. $11.202 billion expected. Revenue was up by 123% year-over-year. Earnings per share was reported at $2.44 vs. estimate of $...
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...
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. ...
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...
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...
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...
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...
GO Markets, a leading global online trading provider, has been announced as the winner of the International Business Magazine Awards in the categories of: Most Trusted Global Forex Broker, Asia 2024 Best Global Forex Broker, Asia 2024 The International Business Magazine Awards recognise excellence and achievements in the international bu...
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 ...