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Crude Oil Trading with CFD’s – how to speculate on black gold
Crude Oil has always been one of the most popular and highly traded markets for CFD traders whether it is WTI or Brent, especially recently as geopolitical and economic forces have seen its price fluctuate from extreme lows to extreme highs. It’s easy to see why, Oil is a bellwether for the health of the global market, oil greases the wheels of g...
May 9, 2023
Read More > Market Analysis 8-12 May 2023
XAUUSD Analysis 8 – 12 May 2023 The gold price outlook is positive in the medium term. Although last week's closing of the buying pressure bar would indicate a loss of buying momentum due to the weekly selloff. But the price is still moving above the 2000 support, it is very likely that the price will continue to move above the 2000 level ...
May 9, 2023
Read More > Asian markets looking to open flat after US stocks finish mixed in choppy, rangebound session
Major US indices finished mixed to flat on a slow news day and lighter than usual volumes not helped by the UK being on a holiday as traders seem to be waiting for pivotal inflation data released later this week. The Nasdaq, lifted by lingering good feeling from recent Tech earnings outperformed, finishing up 21 points, while a paring back of a ...
May 9, 2023
Read More > GO Markets wins two titles at the International Business Magazine Awards
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, Mauritius 2023 Best Global Forex Broker, Mauritius 2023 The International Business Magazine Awards recognize excellence and achievements in the internatio...
May 8, 2023
Read More > Risk events in the week ahead – BoE set to hike, US CPI
US stocks rallied strongly on Friday on a stronger than expected Jobs report, improved banking sentiment and strong earnings from Apple (AAPL) which saw the Nasdaq up over 2% and erasing the weeks losses to finish the first week of May modestly in the green. Non-farm payrolls smashed expectations, coming in at 253k new jobs created in April ...
May 8, 2023
Read More > ECB hikes rates to 3.75%
Following the lead of the US Federal Reserve, the European Central Bank (ECB) announced its decision to hike rates by 25 basis points, taking interest rates in the Eurozone to 3.75% overnight. In the lead-up to the ECB meeting, there was some market speculation for a potential 50bps hike, which saw the EUR/USD trade to a 12-month high, reaching the...
May 5, 2023
Read More > US stocks sink in risk off session as banking sector woes continue to weigh
US stocks indices finished in the red in a choppy session with more regional bank selling, mixed data releases (including a surge in US Labour Costs) and another hike out of the ECB keeping traders busy. All four major indexes finished broadly lower with financials leading the declines as more headlines hit the newswires regarding issues with re...
May 5, 2023
Read More > Apple posts strong results
World’s largest company Apple Inc. (NASDAQ: APPL) announced the latest financial results after the market closed in the US on Thursday. After disappointing results last quarter, the company bounced back in the fiscal 2023 second quarter ended April 1, 2023, topping revenue and earnings per share (EPS) estimates. Company overview • Founded:...
May 5, 2023
Read More > FOMC hikes rates but signals pause
In the most recent meeting, the US Federal Reserve hiked rates by 25 basis points, as anticipated, to take interest rates in the US to 5.25%, slightly beyond the terminal rate of 5.1%. However, the US Dollar Index (DXY) fell to the key support level of 100.80 which was last reached in April and February 2023, following the release of the rate hike ...
May 4, 2023
Read More > Asian session update – risk returns
Asian indices and US futures have bounced back so far in the session after gapping down at the open after the news that another US bank could be in trouble, namely PacWest, which I’m pretty sure we’ll be hearing more about in the coming days. The ASX200 has recovered from its negative open, helped by a strong trade balance figure and is curr...
May 4, 2023
Read More > US stocks tumble on Fed rate hike and “hawkish pause” – Futures down after market as banking crisis fears return
Asian equities are looking to open lower taking a lead from Wall St where US stocks finished in the red, with most losses coming after the FOMC decision late in the US session. The FOMC hiked rates 25bp as expected and released what was seen as a mostly dovish statement that left the door open for a pause, this saw market initially rally and cho...
May 4, 2023
Read More > Kraft Heinz Q1 results
US food giant The Kraft Heinz Company (NASDAQ: KHC) reported Q1 financial results before the market open on Wall Street on Wednesday. The company topped both revenue and earnings per share (EPS) estimates for the quarter. Company overview • Founded: July 2, 2015 • Headquarters: Chicago, Illinois and Pittsburgh, Pennsylvania, United States ...
May 4, 2023
Read More > Market Analysis 1-5 May 2023
XAUUSD Analysis 1 – 5 May 2023 The gold price outlook is positive in the medium term. Although last week's closing of the buying pressure bar would indicate a loss of buying momentum due to the weekly selloff. But the price is still moving in a narrow range above the 1960 support or the recent high on the Weekly timeframe. resistance 2...
May 3, 2023
Read More > Uber beats expectations – the stock is up
Uber Technologies Inc. (NYSE: UBER) announced first quarter results before the market open in the US on Tuesday. World’s largest ridesharing company beat analyst expectations for the quarter, sending the stock price higher. Company overview Founded: March 2009 Headquarters: San Francisco, California, United States Number of emplo...
May 3, 2023
Read More > RBA surprises the market hiking 25bp against expectations
The Reserve Bank of Australia rate meeting today was supposed to be a done deal of another hold in rates, with futures markets pricing in an over 90% chance of that being the outcome. The RBA however, showing their determination to get an inflation rate still well outside their target band instead delivered a 25bp hike after last months pause, s...
May 2, 2023
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