Li Auto beats Q3 expectations

Li Auto Inc. (NASDAQ: LI) released Q3 results before the market open in the US on Thursday. Let’s take a look at how the Chinese company performed. Company overview Founded: 2015 Headquarters: Beijing, China Number of employees: 19,396 (2022) Industry: Automotive Key people: Li Xiang (Chairman and CEO), Yanan Shen (President),...

November 10, 2023
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Disney results announced – the stock is up in the after-hours

The Walt Disney Company (NYSE: DIS) reported its fourth quarter and full fiscal year 2023 results ending September 30, 2023, after the market close in the US on Wednesday. Company overview Founded: October 16, 1923 Headquarters: Team Disney Building, Walt Disney Studios, Burbank, California, United States Number of employees: 220,000 ...

November 9, 2023
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XAUUSD Analysis – Further Downside in Gold possible as Risk Premium unwinds

Golds safe haven status was reaffirmed as markets opened on the 9th of October to the news of conflict in the Middle East, this saw XAUUSD go on an impressive run, rallying almost 10%, breaking the psychological 2000 USD an ounce level and hitting 6-month highs. This week we have seen some of that risk premium unwind as reduced haven flows and p...

November 9, 2023
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FX Analysis – AUDUSD stutters after RBA and weak Chinese data, USDJPY back above 150 testing the BoJ

AUDUSD dropped in Tuesday’s session with AUD being weighed on post-RBA decision, as the less hawkish RBA guidance outweighed the widely anticipated 25bps hike to 4.35%. Though the market reaction was a little curious given the small changes to the accompanying statement hardly made it dovish. The RBA changed its forward guidance to say "whether f...

November 8, 2023
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Uber results have arrived

Uber Technologies Inc. (NYSE: UBER) released its latest earnings results before the market open in the US on Tuesday. Let’s see how it performed in Q3. Company overview Founded: March 2009 Headquarters: San Francisco, California, United States Number of employees: 32,800 (2022) Industry: Transportation, food delivery Key peopl...

November 8, 2023
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Apple’s after-hours earnings blip dents otherwise positive sentiment.

US markets bounded higher on “do no harm” data, with broad based gains across all major indices and continued positive earnings, with November starting off particularly well and hopes building that we will break a three-month losing streak for US equities. It has been a fraught week for investor nerves, with a plethora of potentially signif...

November 3, 2023
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Fed Pauses, Markets Rally: But What’s Next?

As expected, there was no change in the U.S. interest rate, with the decision to keep rates at 5.5% having been previously telegraphed and already priced in. As is always the case, markets dissected the statement and the subsequent press conference by Fed Chairman Jerome Powell to look for clues about what future Fed direction may or may not be. ...

November 2, 2023
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Markets Watch the Fed Decision Tonight – But Will We Stray from the Current Path?

After the BOJ's action yesterday, the ramp-up of earnings season, treasury auctions, and a flurry of data over the next few days—including U.S. jobs data—market attention will briefly focus on the U.S. interest rate decision this evening. Chairman Jerome Powell and the Fed members will conclude their two-day meeting today and release the la...

November 1, 2023
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Fed Interest Rate Decision – How might this move the markets?

It’s that time again, the looming US FOMC meeting is upon us. Once again, investors and analysts are confident that they know the result. With the rate currently at 5.50%, markets have priced in a hold, with the CME FedWatch Tool giving it a 99.6% probability of the second consecutive hold for the Fed. Let’s explore that 0.4% chance that ...

November 1, 2023
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Will any BOJ intervention really have an impact on continued JPY weakness?

With the USD/JPY sitting at historic highs and touching the psychologically important level of 150 at the end of last week, markets are waiting to see if there is likely to be any intervention today from the Bank of Japan (BOJ). Today, we see their two-day policy meeting concluding, culminating in their interest rate decision and, more importantly,...

October 31, 2023
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Three Key Things Markets Will Be Watching This Week

As major indices continue to look weak and test key technical levels, ongoing market sentiment is difficult to judge, with several crucial information points coming up over the next few days. #1 The Fed Rate Decision The Federal Reserve's narrative remains hawkish in terms of medium-term interest rates. Friday's PCE data did little to calm fe...

October 30, 2023
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Meta Platforms exceeds Q3 expectations

Meta Platforms Inc. (NYSE:META) announced its latest financial results after ther market close in the US on Thursday. Marc Zuckerburg’s company crushed analyst estimates for the quarter. Let’s take a closer look at how the company and the stock has performed. The results Meta reported revenue of $34.146 billion for Q3 (up by 23% year-over...

October 30, 2023
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US Markets take a hit and Aussie gives back CPI gains.

US markets took a big hit overnight after a mixed bag of earnings were released from the tech sector. Google’s parent company, Alphabet, took a 9.5 percent hit in yesterday’s session after releasing some disappointing earnings numbers on their cloud computing business. The $1.5+ trillion company has enough weight to pull down the indices wit...

October 26, 2023
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Bitcoin to reach $45,000? Bitcoin ETF anticipation growing

Bitcoin displayed strong momentum yesterday, with a notable increase of over 10% and approaching a 15% gain within the day. Price surged and has breached the previous resistance level at 31,000. This level has historically acted as a significant barrier, causing the price to retreat to around 25,000 after multiple attempts to surpass it. How...

October 25, 2023
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Is the Gold Run Over?

The recent surge in gold prices, following recent events in the Middle East and the declining US Dollar (DXY), raises the question: Is this the end of the bull run for Gold (XAU/USD)? Gold started rising earlier this month after rejecting the price level of 1815.00. Since then, it has steadily climbed back to its previous peak of 1984.00, a resi...

October 24, 2023
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