Economic Updates

Economic Updates

Identifying opportunities and managing risk with Autochartist

Autochartist's advanced chart pattern recognition can help you with identifying real-time trading opportunities and making more informed trading decisions. Founded in 2004, Autochartist is a financial market analytics company that leverages big data and proprietary technology to provide their services. They provide analytics for currencies, com...

February 8, 2022
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How to identify key resistance levels

A resistance level is a key tool in technical analysis, indicating when an asset has reached a price level that market participants are unwilling to surpass. Resistance levels are often used in conjunction with support levels, or the point at which traders are unwilling to let an asset's price drop much lower. To understand this fully, it’s im...

February 8, 2022
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Share buybacks and Dividends. How do they compare?

As a shareholder of any company, you can be rewarded by that company in the form of share buybacks and dividend pay-outs. These actions would often occur when a company is performing well and thus have the means to reward their shareholders. The company’s profits would also often be used to invest back into the company. Dividends have been...

February 7, 2022
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Amazon Q4 financial results are in

Amazon.com (AMZN) announced its fourth quarter results after the closing bell on Thursday. The company reported total revenue of $137.412 billion (9% increase vs. the same period in 2020) in the previous quarter, which was just shy of analyst forecast of $137.682 billion. Earnings per share reported at $27.75, above analyst forecast of $3.61 ...

February 4, 2022
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Bitcoin’s first official legal tender

On June 5th 2021, El Salvador President Nayib Bukele declared that Bitcoin, the first cryptocurrency, would become legal tender in El Salvador. A few days later, the Bitcoin Law was passed, to take effect September 7th 2021. Businesses would be required to accept Bitcoin for all payments. Salvadorians would need to apply for a digital wallet called...

February 4, 2022
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Meta fourth quarter numbers are in

Meta Platforms (FB) reported its fourth quarter financial numbers after the closing bell on Wall Street on Wednesday. The company reported total revenue of $33.671 billion (up by 20% year-over-year), above analyst forecast of $33.357 billion. Earnings per share at $3.67 (down by 5% year-over-year), falling short of analyst estimate of $3.85 p...

February 3, 2022
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Why is Bitcoin’s price falling and what is the aftermath?

Bitcoin, like many investment products, will be affected by decisions made by the U.S. Federal Reserve and their outlook on the U.S. economy. There is currently a negative settlement on Bitcoin after the U.S. Federal Reserve actions have allowed for more aggressive withdrawal of liquidity. They have also mentioned that they will protect assets i...

January 31, 2022
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Oil hits $90 per barrel due to political tensions

Oil has reached $90 per barrel on Wednesday, which is the first time since 2014. On Wednesday, it was up 2% and the rise comes due to increasing concerns of a shortage in the coming months due to rising political tensions between Russia and Ukraine and the Middle East. During lockdowns, the demand for oil fell significantly and was trading b...

January 28, 2022
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Apple reaches a new record and beats expectations

Apple Inc. (AAPL) reported its fiscal 2022 first quarter ended December 25, 2021 after the market close on Wall Street on Thursday. The company beat both revenue and earnings per share estimates, sending the stock higher in the after-hours trading. Apple reported total revenue of $123.945 billion (an all-time revenue record and up 11% year-ov...

January 28, 2022
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What is an NFT?

A Non-Fungible Token (NFT) is a non-interchangeable unit of data stored on a blockchain, a form of digital ledger.[1] Types of NFT data units may be associated with digital files such as photos, videos, and audio. Because each token is uniquely identifiable, NFTs differ from blockchain cryptocurrencies, such as Bitcoin. NFT ledgers claim to ...

January 28, 2022
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Firebrick Pharma debuts on ASX

An Australian pharmaceutical firm that's developing a world first virus-killing nasal spray has made its debut on the ASX. It was founded in 2012 by Dr Peter Molloy and Dr Stephan Goodall with the mission to develop a nasal spray that killed all germs (viruses or bacteria) such as the common cold. It plans to bring its latest breakthrough ...

January 28, 2022
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Wells Fargo tops expectations for Q4

Wells Fargo & Co. (WFC) reported its latest financial results for the previous quarter before the opening bell on Friday. The company beat both revenue and earnings per share expectations. Total revenue at $20.856 billion in Q4 of 2021 vs. $18.791 billion expected. Earnings per share at $1.38 per share vs. $1.11 a share expected. Company ...

January 17, 2022
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JPMorgan Q4 results are in

The world’s largest financial services company, JPMorgan Chase & Co. (JPM) reported its 2021 Q4 financial results before the opening bell on Wall Street on Friday. The company reported total revenue of $29.257 billion in the fourth quarter of 2021, missing analyst forecast of $29.782 billion. Earnings per share reported at $3.33 a share, a...

January 17, 2022
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Citigroup reports Q4 results

Citigroup Inc. (C) reported its 2021 Q4 earnings before the opening bell on Friday. The world’s 15th largest financial services company topped Wall Street analyst expectations. The company reported total revenue of $17 billion in Q4 vs. analyst forecast of $16.84 billion. Earnings per share reported at $1.46 per share vs. forecast of $1.39 per...

January 17, 2022
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Nike latest numbers are in

Nike Inc. (NKE) reported its fiscal 2022 financial results for its second quarter ended November 30, 2021. Let’s take a closer look at the numbers. The US sporting goods company reported revenue of $11.36 billion in the quarter (up by 1% from the same period last year) vs. $11.25 billion expected. Earnings per share was at $0.83 a share (up...

December 22, 2021
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