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Jobless claims refer to a weekly statistic published by the U.S. Department of Labor, indicating the number of individuals applying for unemployment insurance benefits. These claims are categorised into two groups: initial claims, encompassing first-time filers, and continuing claims, representing those who were already receiving unemployment benef...
Major US Stock indices were mixed in Wednesdays session after further banking woes dragged down the Dow, S&P500 and Russell while the Nasdaq held up thanks to strong earnings from Microsoft and Alphabet. The Russell 2000 was again the underperformer as mid-sized bank worries continued, seeing First Republic Bank (FRC) dump another 30%, dra...
The Boeing Company (NYSE: BA) announced Q1 financial results before the market open in the US on Wednesday. World’s largest aerospace company posted mixed results. Let’s take a close look at how it performed. Company overview Founded: July 15, 1916 Headquarters: Arlington County, Virginia, United States Number of employees: 156,00...
The Australian Consumer Price Index (CPI) y/y was released at 6.3%, lower than the market forecast of 6.5% and from the previous data of 6.8%. With inflation growth on a clear downtrend following its peak of 8.4% in January 2023, this is likely to reduce the need for further rate increases from the Reserve Bank of Australia (RBA). The Australian...
Gold has always been one of the most popular and highly traded markets for CFD traders, especially recently as its price has risen to test its all-time highs. It’s easy to see why, Gold has been a store of value throughout history, and with CFDs it’s possible to take a position in this exciting market, whether you think the price will head up o...
XAUUSD Analysis 24 – 28 April 2023 The gold price outlook is positive in the medium term. Although the close of last week's sell pressure bar indicates a loss of buying momentum. But the price is still above the 1960 support or the last high of the price in the Weekly time frame, which is very likely that the price will continue to swing o...
US stocks were broadly lower in Tuesday’s session as another US bank teetered on the verge of collapse and weak Consumer Confidence figures saw investors heading for the door. In a continuation of banking jitters, First Republic Bank (FRC) plunges to record lows after an earnings miss and reporting record deposit outflows seeing the stock pric...
US technology giant Microsoft Corporation (NASDAQ: MSFT) released the latest financial results for the quarter ended March 31, 2023, after the market closed in the US on Tuesday. Company overview Founded: April 4, 1975 Headquarters: Washington, United States Number of employees: 221,000 (2022) Industry: Information technology Ke...
The Coca-Cola Company (NYSE: KO) announced the latest financial results for the first three months of 2023 before the market open in the US on Monday. The US Beverage company posted solid results for the quarter, beating both revenue and earnings per share (EPS) estimates. Company overview Founded: January 29, 1892 Headquarters: Atlan...
Coming off a choppy and mostly directionless week for Global Markets, this coming week looks to be more of the same as we enter the Federal Reserve blackout period ahead of their pivotal meeting on May the 3rd. While the economic calendar is light, there are a few risk events that could see some volatility in the markets, starting Wednesday with...
Procter & Gamble Company (NYSE: PG) announced third quarter fiscal 2023 before the opening bell in the US on Friday. World’s largest consumer goods company beat both revenue and earnings per share estimates for the quarter, sending the stock higher. Company overview Founded: October 31, 1837 Headquarters: Cincinnati, Ohio, Unite...
Major Asian stock indexes are following the lead from Wall St where US stocks finished broadly lower in a choppy, low volume session as economic news disappointed, Fed talking heads remained hawkish and a mixed batch of earnings. The ASX200 and Nikkei down around 0.24% while the Hang Seng down just over 0.5 a % FX Markets Have mostly c...
US stocks finished broadly lower in Thursday’s session in a choppy, low volume session as economic disappointed, Fed talking heads remained hawkish and a mixed batch of earnings. The biggest miss in earnings was Tesla (TSLA) who’s aggressive price cutting saw profit margins compress, seeing the auto giant down almost 10% on the session and t...
American Express Company (NYSE: AXP) announced first quarter financial results before the market open on Thursday, setting a new quarterly revenue record. Company overview Founded: March 18, 1850 Headquarters: New York, United States Number of employees: 77,300 (December 2022) Industry: Banking, financial services Key people: St...
Gold has been one of the most popular and highly traded markets recently as price action in the precious metal has really come alive, rate hikes, the war in Ukraine and Bank Crises have all played a part in the fundamental reasons for gold price movements in the last 12 months. Let’s take a look at the chart to see these fundamental effects and h...