Articles

Trade from an informed place. We cover news, political events and market analysis plus product updates.

Articles

Trade from an informed place. We cover news, political events and market analysis plus product updates.

Market Analysis 22-26 May 2023

XAUUSD Analysis   22 – 26 May 2023 The gold price outlook is generally positive in the medium term. Although the close of last week's sell pressure bar indicates a significant loss of buying momentum, due to the sell-off during the week but the price is still moving above the 1960 support. After the adjustment has come down to test, the ...

May 23, 2023
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The Week Ahead – RBNZ, UK and US inflation and debt ceiling impasse headline risk events

With Junes FOMC policy meeting still up in the air as far as markets are pricing in, FOMC minutes and US PCE core inflation figures (reportedly the Fed’s favoured measure) released this week will be closely watched and likely go a long way to settling market participants mind as to what the next move from the fed will be. From the UK inflation da...

May 22, 2023
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AUD analysis – waiting for a catalyst – range trading and mean reversion opportunities

The Aussie dollar has been fairly directionless since late February with it seemingly waiting for a catalyst to break it’s ranges and take the next leg up or down, data this week has failed to provide that. This opens up a couple of very good opportunities for traders, range trading the AUDUSD and mean reversion trades on the AUDNZD. Starting ...

May 18, 2023
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Market Analysis 15-19 May 2023

XAUUSD Analysis   8 – 12 May 2023 The gold price outlook is generally positive in the medium term. Although the close of last week's sell pressure bar indicates a significant loss of buying momentum, due to the sell-off during the week but the price is still moving above the 2000 support level after a rebound to test and then rebound. It...

May 18, 2023
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US stocks surge on bounce in regional banks and debt ceiling optimism

Major US indices finished solidly in the green in a broad rally as risk appetite returned to the market amid optimism debt ceiling negotiations and a reassuring update from regional bank Western Alliance (WAL) which reported growth in its deposits. The Dow was up over 400 points, or 1.24% while the Russell 2000 outperformed, up over 2%, flying on a...

May 18, 2023
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Target beats estimates – the stock is up

Target Corporation (NYSE: TGT) announced Q1 financial results before the market open in the US today. The company posted solid results beating revenue and earnings per share (EPS) estimates. Company overview Founded: June 24, 1902 Headquarters: Target Plaza Minneapolis, Minnesota, United States Number of employees: 440,000 (2023) ...

May 18, 2023
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US equities finish in the red after retail sales miss and ongoing debt ceiling concerns

US stocks finished mostly lower in what was a risk-off session amid mixed data releases from the US and ongoing debt ceiling concerns weighing on risk markets. A lackluster forecast from retail giant (and Dow component) Home Depot (HD) also didn’t help. The Dow led losses, ending up down over 300 points while the Nasdaq was the least worst of ...

May 17, 2023
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US stocks mostly lower as bank woes sour risk sentiment, BoE hikes rates

US indices closed the session mixed with outperformance in Nasdaq, propped up by Google(GOOG) as their continuing I/O event bolstered their stock price. However, other major indices finished solidly in the red, with the Dow down over 200 points, dragged down by Disney, and the S&P500 and Russell 2000 suffering from further banking woes after Pa...

May 12, 2023
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Bank of England hikes again

Bank of England announced the latest policy decision on Thursday, raising interest rates for the 12th consecutive time from 4.25% to 4.5%, which was in line with expectations. Bank of England’s Monetary Policy Committee voted by a majority of 7-2 to raise interest rates to 4.5%. Two members voted to maintain the interest rate unchanged at 4...

May 11, 2023
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US stocks finish mostly up in chaotic session after CPI slip

US equity markets whipsawed in a volatile session after CPI figures showed a slight softening in the headline reading, this saw stocks initially rally, before dipping and rallying again to finish the session on a strong footing. The Nasdaq outperformed in a lower yield environment and was given a boost by Alphabet (GOOG) which rallied over 4% amid ...

May 11, 2023
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Walt Disney continues to lose subscribers – the stock is falling

World’s largest entertainment company The Waly Disney Company (NYSE: DIS) announced second quarter financial results ended April 1, 2023, after the market close on Wall Street on Wednesday. Company overview Founded: October 16, 1923 Headquarters: Team Disney Building, Walt Disney Studios, Burbank, California, United States Number of...

May 11, 2023
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Rivian results announced – the stock is up

American electric vehicle Rivian Automotive Inc. (NASDAQ: RIVN) reported the latest financial results for Q1 after the market close in the US on Tuesday. Company overview Founded: June 2009 Headquarters: Irvine, California, United States Number of employees: 14,122 (December 2022) Industry: automotive, energy storage Key people:...

May 11, 2023
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US CPI preview – the chart to watch

Today’s US CPI number is the most important US data release this week. With the FX markets coming into this release with relatively low energy and searching for a catalyst any surprise will likely trigger significant intraday volatility in FX and other risk assets. We’re also coming into this release with a market split on the Feds next rate...

May 10, 2023
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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
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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
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