ข่าวสารตลาด & มุมมองเชิงลึก

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, surprising the market and seeing a dramatic reaction in the Aussie dollar (pump) and equity markets. (dump) AUDUSD and ASX200 reaction: Adding to this was what was see as a hawkish statement accompanying the decision, helping to cement the original moves which look now to have some legs, likely seeing the AUDUSD break the 0.67 level this session. *RBA RAISES CASH RATE TARGET 25 BASIS POINTS TO 3.85% *RBA: SOME FURTHER TIGHTENING OF MONETARY POLICY MAY BE REQUIRED *RBA SAYS RATE RISE TO HELP ANCHOR INFLATION EXPECTATIONS

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, United States Number of employees: 101,000 (2021) Industry: Consumer goods Key people: David S.

Taylor (Executive Chairman), Jon R. Moeller (President and CEO) The results The company reported revenue of $20.1 billion vs. $19.28 billion expected. EPS reported at $1.37 per share vs. analyst estimate of $1.323 per share.

CEO commentary ''We delivered strong results in the third quarter of fiscal year 2023 in what continues to be a very difficult cost and operating environment,'' Jon Moeller, CEO of Procter & Gamble said about the latest results in a press release. ''Our team’s strong execution of our strategies and our progress through three quarters enable us to raise our fiscal year outlook for sales growth and cash return to shareowners and maintain our guidance range for EPS growth despite continued cost and foreign exchange headwinds. We remain committed to our integrated strategies of a focused product portfolio of daily use categories where performance drives brand choice, superiority, productivity, constructive disruption and an agile and accountable organization structure. These strategies have enabled us to build and sustain strong momentum, and we’re confident they remain the right strategies to deliver balanced growth and value creation going forward,'' he concluded.

The latest results had a positive impact on the stock on Friday. Share price was up by around 3%, trading at around $156.44 a share. Stock performance 1 month: +6.58% 3 months: +9.38% Year-to-date: +3.18% 1 year: -3.02% Procter & Gamble price targets Stifel Nicolaus: $147 Berenberg Bank: $141 Evercore ISI: $160 Wells Fargo: $162 CFRA: $152 Procter & Gamble Company is the 20 th largest company in the world with a market cap of $369.12 billion, according to CompaniesMarketCap.

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Natural Gas price action has had an amazing two years, with the usually pretty boring commodity showing extreme volatility pushing it to all time highs before a dramatic collapse seeing it back where it started in 2020. Like all the energy complex, Oil being a good example, the start of the Covid panic saw wild price fluctuations as traders came to terms with lockdowns and the related slowdowns, followed by unprecedented Central Bank stimulus. But the real push higher in Natural Gas came at the start of the war in Ukraine and the loss of Russian Gas for European suppliers, with fears of a cold winter with a much constrained supply of gas seeing the price spike to all-time highs.

But instead of a long cold gas starved winter the northern hemisphere experienced higher-than-average temperatures which meant the gas supply crunch wasn’t as dire as feared which sent liquefied natural gas prices tumbling to pre covid levels from a record all-time high. With Natural gas back to historical support levels there is a technical and fundamental case for a move higher in the near future. From a technical perspective, on a daily chart we can see that Natural Gas has found strong support since February around the 2.09 level, an historic level it found support at before the pandemic as well, we can also wee a rounding bottom pattern forming on a daily chart, this is considered one of the most reliable chart patterns in technical analysis.

According to a recent interview with Bloomberg by Yukio Kani, the chairman and CEO of Jera Co which is the worlds largest buyer of LNG, he is expecting a price spike again in natural gas this year due to Chinese re-opening demand, unusually war Northern Hemisphere weather increasing energy demand for cooling purposes and increased import capacity in Europe and China. Certainly, a market worth watching going forward!

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 Key people: Satya Nadella (executive chairman and CEO), Brad Smith (vice chairman and president), Bill Gates (technical adviser) The results Microsoft reported revenue that beat analyst estimates at $52.857 billion (up by 7% year-over-year) vs. $51.019 billion. Earnings per share also topped expectations at $2.45 per share (up by 10% year-over-year) vs. $2.239 per share estimate.

Company commentary Satya Nadella, chairman and CEO of Microsoft commented on the rise of AI and highlighted company’s focus on the software: ''The world's most advanced AI models are coming together with the world's most universal user interface - natural language - to create a new era of computing.'' ''Across the Microsoft Cloud, we are the platform of choice to help customers get the most value out of their digital spend and innovate for this next generation of AI.'' Amy Hood, executive vice president and CFO highlighted Microsoft Cloud’s revenue for the quarter which increased year-over-year: ''Focused execution by our sales teams and partners in this dynamic environment resulted in Microsoft Cloud revenue of $28.5 billion, up 22% (up 25% in constant currency) year-over-year.'' Share of Microsoft were down by -2.25% on Tuesday at $275.33 before the results were announced. The stock rose by around +4% in the after-hours trading as results beat estimates. Stock performance 1 month: +0.07% 3 months: +13.79% Year-to-date: +14.84% 1 year: +1.92% Microsoft price targets Bank of America: $320 Citigroup: $332 Jefferies: $325 Goldman Sachs: $325 Cowen & Co.: $300 Microsoft Corporation is the 3 rd largest company in the world with a market cap of $2.050 trillion, according to CompaniesMarketCap.

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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 • Number of employees: 37,000 (2022) • Industry: Food • Key people: Alex Behring (Chairman), John Cahill (Vice chairman), Miguel Patricio (CEO), Paulo Basilio (CFO) The results Kraft Heinz reported revenue of $6.489 billion vs. $6.394 billion expected.

Revenues were up by 7.3% year-over-year. EPS reported at $0.68 per share (up by 7.9% year-over-year) vs. estimate of $0.597 per share. The company also announced a quarterly dividend of $0.40 per share.

CEO commentary "We delivered strong results in the first quarter of 2023, with net sales growth across both our North America and International zones that continues to be fueled by Foodservice, Emerging Markets, and U.S. Retail GROW platforms," Kraft Heinz CEO, Miguel Patricio said in a press release. "I am very proud of the entire Kraft Heinz team as we continue to deliver on what we can control by unlocking efficiencies and reinvesting in our brands and capabilities. Our team's continued focus on executing against the strategy is coming to fruition, but it's not time to declare victory just yet.

We remain committed to advancing our business transformation, and we are confident we have the right strategy in place to win with customers and consumers, and to deliver profitable growth and create value for our stockholders," Patricio concluded. The latest results had a positive impact on the stock. Shares were up by over +4% at $40.95 per share.

Stock performance 1 month: +5.28% 3 months: +1.33% Year-to-date: +0.91% 1 year: -5.17% Kraft Heinz price targets JP Morgan: $44 Mizuho Securities: $50 Berenberg Bank: $39 BNP Paribas: $39 Goldman Sachs: $43 The Kraft Heinz Company is the 318 th largest company in the world with a market cap of $50.46 billion, according to CompaniesMarketCap. You can trade The Kraft Heinz Company (NASDAQ: KHC) and many other stocks from the NYSE, NASDAQ, HKEX, ASX, LSE and DE with GO Markets as a Share CFD. Sources: The Kraft Heinz Company, TradingView, MarketWatch, MetaTrader 5, TipRanks, CompaniesMarketCap, Wikipedia, Macrotrends

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 cash rate is currently at 3.60% with the RBA anticipated to keep with the previous decision of holding rates steady next Tuesday (2nd May).

While the RBA has previously indicated that some further tightening may be needed to ensure that inflation returns to target, the decision to keep interest rates at 3.60% or comments regarding a pivot in future decisions could lead to further weakening in the AUDUSD. Following the release of the CPI y/y data, the AUDUSD traded lower, breaking out of the channel, and signaling a possible continuation of the downtrend since February 2023. Additionally, with the Ichimoku cloud acting as a resistance and indicating further downside potential, the AUDUSD could trade down to retest the support level of 0.6565.

Beyond the immediate support level, the next key support level is the previous swing low at the 0.64 price area. This move lower could be driven by a further recovery in strength on the DXY and if the RBA decides to hold interest rates at 3.60%.