市場新聞與洞察
透過專家洞察、新聞與技術分析，助你領先市場，制定交易決策。
FX markets face a data-heavy period in the coming days, led by US inflation releases and late-week flash purchasing managers’ indexes (PMIs).
Regional data and central bank expectations in Japan, Europe, and Australia may influence cross-currency moves, particularly if outcomes differ from expectations.
Quick facts:
- US Personal Income and Outlays is a key inflation release this week, closely watched by policymakers.
- Flash PMIs across the US, Eurozone, Germany, and the UK offer a timely read on growth momentum.
- Australian data, including labour market indicators, remains important for AUD sensitivity and Reserve Bank of Australia (RBA) expectations.
- FX markets can be sensitive when data outcomes differ from expectations.
USDJPY
What to watch
US attention centres on inflation and activity data, particularly the Personal Income and Outlays report and the PCE price index, alongside late-week flash manufacturing and services PMIs.
These releases are closely followed by markets for their potential influence on rate expectations and USD sensitivity.
On the JPY side, Bank of Japan (BoJ) developments remain relevant, although US data has often been a key driver of recent moves.
Key releases and events
- Fri 23 Jan (US): US Personal Income and Outlays (including PCE inflation)
- Fri 23 Jan (US): Manufacturing and services PMI
Technical snapshot
USDJPY continues to trade above its rising 200-day moving average, with recent daily candles showing greater overlap and smaller ranges over recent weeks.
- Price has remained above the long-term average since late September, with higher swing lows still visible.
- Momentum appears to have moderated since early January, consistent with slowing follow-through rather than reversal.
- Daily ranges have narrowed compared with the October to November advance, again suggesting short-term consolidation.
EURUSD
What to watch
Eurozone flash PMIs and Germany producer price index (PPI) data provide insights into regional growth momentum and whether inflation pressures are building.
While these releases may influence immediate EUR sentiment, EURUSD continues to trade in the broader context of US data outcomes and global risk conditions.
Key releases and events
- Thu 22 Jan: Germany Producer Price Index (PPI)
- Fri 23 Jan: Eurozone / Germany flash PMIs (manufacturing and services)
Technical snapshot
EURUSD is trading above its rising 200-day moving average (daily chart), although price action since July suggests the market has become more range-bound rather than directional, following the advances in the first half of 2025.
- The broader upward structure has been in place since the beginning of 2025, although progress higher has stalled over recent months.
- Momentum readings have drifted toward neutral since late November, consistent with balanced conditions.
- Average daily range has continued to compress since July, consistent with a flattening of the trend.
GBPAUD
What to watch
Australian labour market data remains central for AUD sensitivity and RBA expectations. UK CPI is also due this week, which may contribute to cross volatility, particularly if it shifts expectations around the UK rates outlook.
Late-week PMI releases can also influence short-term direction, especially where they add to or challenge the current growth narrative.
Key releases and events
- Wed 21 Jan: UK CPI
- Thu 22 Jan: Australia Labour Force, Australia (December 2025)
- Fri 23 Jan: UK flash PMIs (manufacturing and services)
Technical snapshot
- GBPAUD continues to trade below its long-term moving average, with price action remaining in a downside direction since late November.
- The long-term average flattened through September and has turned lower since October, with the price remaining below and showing recent signs of a greater gap between the price and the moving average.
- Momentum has remained below neutral over recent months, with any retracements to the upside showing limited follow-through.
- Daily ranges have narrowed compared with earlier swings, suggesting a consistent but controlled drop in price rather than impulsive movement.
Bottom line
With multiple data releases due across key regions, FX markets may remain sensitive to outcomes that differ from expectations.
Existing technical conditions suggest that reactions may vary by pair, with some markets consolidating while others could retain recent directional characteristics.
Apple has had a spectacular start to 2023, locking in 7 consecutive positive months and putting in an increase of 52.16% year to date at its peak. However, August so far isn’t looking as healthy. Despite the positive financial performance beating Q3 earnings expectations, Apple shares are down 8.48% for the start of August.
Profit taking after 7 green months may be a factor in the recent decline, so the coming days will be key to see if this is a short-term fall or the beginning of a longer-term downtrend. From a technical perspective, price has fallen through an upward trend line that begun at the start of 2023. Price appears to have landed at a key support & resistance level around $177-179.
This temporary bounce also lines up almost exactly at the 2022 yearly open price of $177.83, which adds more strength to this support level. Holding this support level is critical for the price, as a failure to do so could potentially lead to further declines, with the next support level likely around $155-157. Additionally, the Relative Strength Index (RSI) on the daily chart recently touched an oversold level of 30, followed by a slight bounce.
Traders will be watching to see if the two factors of RSI oversold and price at a key support level will be enough to stall the recent decline and potentially be a pivoting point to send price back north.
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 now with institutional grade spreads and zero commission there has never been a better time for GO Markets clients to trade this exciting market. At GO Markets we offer our clients the world’s most popular gold trading platforms in Metatrader 4/5 and C-Trader, as well as ultra-fast execution for manual traders these CFD trading platforms also give you the ability to automate gold trading strategies.
Advantages of trading gold CFDs with GO Markets: Institutional grade spreads and ZERO commission for all account types. Trade 23 hours a day, unlike an ETF or gold miner listed on a stock exchange that is only open while that stock exchange is open. Leverage – from 20:1 to 500:1 depending on your account type.
Flexibility in position sizing starting from 0.01 lots. Fundamental forces that drive the price of gold While no one reason can be fully attributed to movements in the price of gold, there are an important few fundamental drivers that will influence the price of gold and whose relationship has been time tested. None of these on their own should be used as a sole reason to enter a position, but having the fundamentals on your side will certainly give you an advantage.
The main fundamental drivers in my experience are (not an exhaustive list by any means!) The gold price relationship to US bond yields Safe haven flows Central Bank buying Real Yields and Gold The inverse relationship between bond yields and the price of gold is well established, especially the real yield on the US 10-year bond. The reason for this mainly is because the real yield (the real yield is calculated by subtracting inflation expectations from the actual yield of the US 10-year government bond) is seen as the “risk free” rate on an investment, the higher the “risk free” rate is, the less attractive a non-yield paying asset like gold is. As both gold and bonds are seen as safe havens, they are competing for the same investors.
See the screenshot below to illustrate this point. Source: longtermtrends.net The gold line is the price of gold, the black line is the inverted real yield of 10-year treasuries. This chart stretches back 16 years, but the close relationship has gone back much longer than that.
This chart is showing that historically, gold is expensive at the moment as compared to real yields as can be seen by the growing gap between the two recently, this interesting decoupling has been mainly caused by our second fundamental driver – safe haven flows. Safe Haven Flows Geopolitical strife with war in Ukraine and doubts over the health of the global economy got things started with the surge we have seen in gold prices in the last 5 months, but things went into overdrive in March 2023 when Signature bank and Credit Suisse collapsed, bring into question the integrity of the banking system and massive safe haven flows into gold which has pushed the price to within touching distance of hitting all-time highs. With the banking crisis seemingly under control (for now maybe?) gold has lost some momentum, but the fact it is holding around these elevated prices indicates some investors may not think the crisis is over just yet.
Central Bank Buying Central banks are some of the biggest buyers of gold on the open market, and 2022 saw the most central bank buying of gold on record. Whatever the reasons for this, such massive amounts of buying would be seen as a bullish sign for the gold price (if it continues). GO Markets clients also have access to Trading Central which automatically detects technical set ups for our traders to add to their decision making.
Trading Central can be accessed by account holders through their Client Portal. Trading Central Pattern example below: Feel free to contact the GO Markets team if you have any questions on trading gold CFDs.
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 employees: 220,000 (2022) Industry: media, entertainment Key people: Mark Parker (chairman), Bob Iger (CEO) The results Walt Disney reported revenue of $21.815 billion for the quarter vs. $21.795 billion expected. Revenues were up by 13% vs. same period last year.
Earnings per share fell slightly short of expectations at $0.93 per share (down by 14% year-over-year) vs. $0.933 per share estimate. Disney+ subscribers fell from 161.8 million to 157.8 million in the quarter. It has now lost 6.4 million subscribers over the last two quarters.
Company commentary "We’re pleased with our accomplishments this quarter, including the improved financial performance of our streaming business, which reflect the strategic changes we’ve been making throughout the company to realign Disney for sustained growth and success," Robert A. Iger, CEO of the company said in a statement. "From movies to television, to sports, news, and our theme parks, we continue to deliver for consumers, while establishing a more efficient, coordinated, and streamlined approach to our operations," he concluded. The stock was down by over -8% on Thursday, trading at around $92.66 a share.
Stock performance 1 month: -8.31% 3 months: -8.31% Year-to-date: +6.42% 1 year: -11.36% Walt Disney price targets Morgan Stanley: $120 Wells Fargo: $147 Deutsche Bank: $135 Barclays: $107 Guggenheim: $130 Citigroup: $130 JP Morgan: $135 Credit Suisse: $133 Bank of America: $135 Walt Disney is the 63 rd largest company in the world with a market cap of $170.34 billion, according to CompaniesMarketCap. You can trade The Waly Disney Company (NYSE: DIS) and many other stocks from the NYSE, NASDAQ, HKEX, ASX, LSE and DE with GO Markets as a Share CFD. Sources: The Waly Disney Company, TradingView, MarketWatch, MetaTrader 5, CompaniesMarketCap, Wikipedia, MarketBeat
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 employees: 32,800 (2022) Industry: Transportation Key people: Ronald Sugar (Chairman), Dara Khosrowshahi (CEO) The results Uber reported revenue of $8.823 billion (up by 29% vs Q1 2022) vs. $8.703 billion expected.
The company reported loss per share of -$0.08 per share vs. estimate of -$0.087 loss per share. CEO commentary "We significantly accelerated Q1 trip growth to 24% from 19% last quarter, with Mobility trip growth of 32%, as a result of improved earner and consumer engagement,” Dara Khosrowshahi, CEO of Uber said in a letter to shareholders. "Looking ahead, we are focused on extending our product, scale and platform advantages to sustain market-leading top and bottom-line growth beyond 2023," Khosrowshahi added. The stock was up +11.55% on Tuesday at $36.53 a share.
Stock performance 1 month: +16.34% 3 months: +18.07% Year-to-date: +47.67% 1 year: +23.92% Uber price targets Wedbush: $44 Needham: $54 RBC Capital: $46 Deutsche Bank: $44 JMP Securities: $55 Wolfe Research: $45 UBS: $48 JP Morgan: $52 Wells Fargo: $53 Uber is the 196 th largest company in the world with a market cap of $73.54 billion, according to CompaniesMarketCap. You can trade Uber Technologies Inc. (NYSE: UBER) and many other stocks from the NYSE, NASDAQ, HKEX, ASX, LSE and DE with GO Markets as a Share CFD. Sources: Uber Technologies Inc., TradingView, MarketWatch, MetaTrader 5, Benzinga, CompaniesMarketCap, Wikipedia
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: Atlanta, Georgia, United States Number of employees: 79,000 (2021) Industry: Beverage Key people: James Quincey (chairman and CEO), Brian Smith (president and COO) Owners: Berkshire Hathaway (9.23%), The Vanguard Group (7.90%), BlackRock (6.45%) The results The company reported revenue of $10.959 billion vs. $10.797 billion expected.
Revenues were up by 5% year-over-year. EPS at $0.68 per share (up by 6% from the same period last year) vs. $0.646 per share estimate. CEO commentary ''We are encouraged by our first quarter 2023 results,'' James Quincey, CEO of company said in a press release. ''Our system alignment is stronger than ever, and our networked organization is allowing us to adapt as needed.
We continue to invest for the long term, strengthening our capabilities to drive sustainable value for our stakeholders. We have the right portfolio, the right strategy and the right execution to deliver in the marketplace. We are confident in our ability to deliver on our 2023 objectives,'' Quincey concluded.
The latest results did not have a massive impact on the share price on Monday. The stock was up by 0.41% at $64.25 per share. Stock performance 1 month: +4.74% 3 months: +6.69% Year-to-date: +1.02% 1 year: -2.55% The Coca-Cola Company price targets Barclays: $72 Deutsche Bank: $60 Citigroup: $68 UBS: $72 Morgan Stanley: $70 Wells Fargo: $70 Wedbush: $63 Credit Suisse: $64 HSBC: $76 The Coca-Cola Company is the 30 th largest company in the world with a market cap of $277.94 billion, according to CompaniesMarketCap.
You can trade The Coca-Cola Company (NYSE: KO) and many other stocks from the NYSE, NASDAQ, HKEX, ASX, LSE and DE with GO Markets as a Share CFD. Sources: The Coca-Cola Company, TradingView, MarketWatch, MetaTrader 5, TipRanks, CompaniesMarketCap, Wikipedia
World’s largest automaker, Tesla Inc. (NASDAQ: TSLA), reported Q1 financial results after market close in the US on Wednesday. Elon Musk’s company posted mixed results for the quarter. Let’s take a closer look at how it performed.
Company overview Founded: July 1, 2003 Headquarters: Austin, Texas, United States Number of branches: 764 retail stores/galleries and service centers (2022) Number of employees: 127,855 (2022) Industry: Automotive, renewable energy, artificial intelligence Key people: Elon Musk (CEO), Robyn Denholm (chair) The results Tesla reported revenue that missed analyst estimate at $23.329 billion vs. $23.596 billion expected. Revenues were up by 24% compared to Q1 2022. Earnings per share reported at $0.85 per share (down by -21% year-over-year) vs. $0.846 per share estimate.
The automaker produced 440,808 and delivered 422,875 cars in Q1, up by 44% and 36% year-over-year, respectively. Company commentary ''In the current macroeconomic environment, we see this year as a unique opportunity for Tesla. As many carmakers are working through challenges with the unit economics of their EV programs, we aim to leverage our position as a cost leader.
We are focused on rapidly growing production, investments in autonomy and vehicle software, and remaining on track with our growth investment,'' Tesla said in a letter to shareholders. The company also commented on its pricing strategy: ''Our near-term pricing strategy considers a long-term view on per vehicle profitability given the potential lifetime value of a Tesla vehicle through autonomy, supercharging, connectivity and service. We expect that our product pricing will continue to evolve, upwards or downwards, depending on a number of factors.'' ''Although we implemented price reductions on many vehicle models across regions in the first quarter, our operating margins reduced at a manageable rate.
We expect ongoing cost reduction of our vehicles, including improved production efficiency at our newest factories and lower logistics costs, and remain focused on operating leverage as we scale. ''We are rapidly growing energy storage production capacity at our Megafactory in Lathrop and we recently announced a new Megafactory in Shanghai. We are also continuing to execute on our product roadmap, including Cybertruck, our next generation vehicle platform, autonomy and other AI enabled products.'' ''Our balance sheet and net income enable us to continue to make these capital expenditures in line with our future growth. In this environment, we believe it makes sense to push forward to ensure we lay a proper foundation for the best possible future,'' the statement concluded.
The stock was down by -2.02% on Wednesday at $180.48 a share before the results were announced. Share price dropped by around -3% in the after-hours as investors digested the earnings report. Stock performance 1 month: -5.38% 3 months: +40.44% Year-to-date: +46.83% 1 year: -44.48% Tesla price targets RBC Capital: $217 Barclays: $230 Wedbush: $225 TD Cowen: $170 Deutsche Bank: $250 Goldman Sachs: $225 Citigroup: $192 Tesla is the 8 th largest company in the world with a market cap of $576.43 billion, according to CompaniesMarketCap.
You can trade Tesla Inc. (NASDAQ: TSLA) and many other stocks from the NYSE, NASDAQ, HKEX, ASX, LSE and DE with GO Markets as a Share CFD. Sources: Tesla Inc., TradingView, MarketWatch, MetaTrader 5, Benzinga, CompaniesMarketCap, Wikipedia