FOMC hikes rates but signals pause

In the most recent meeting, the US Federal Reserve hiked rates by 25 basis points, as anticipated, to take interest rates in the US to 5.25%, slightly beyond the terminal rate of 5.1%. However, the US Dollar Index (DXY) fell to the key support level of 100.80 which was last reached in April and February 2023, following the release of the rate hike ...

May 4, 2023
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Kraft Heinz Q1 results

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 ...

May 4, 2023
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Market Analysis 1-5 May 2023

XAUUSD Analysis   1 – 5 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 in a narrow range above the 1960 support or the recent high on the Weekly timeframe. resistance 2...

May 3, 2023
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Uber beats expectations – the stock is up

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 emplo...

May 3, 2023
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BoJ Governor Ueda’s first monetary policy meeting

The Bank of Japan is due to hold its first monetary policy meeting under new Governor Ueda on the 29th of April 2023. Since his appointment, Governor Ueda has frequently indicated that the BoJ will continue with its current easing stance on monetary policy with targets for long and short-term interest rates. Although headline and core inflation run...

April 28, 2023
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What are jobless claims?

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...

April 27, 2023
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Boeing results have landed – the stock takes off

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...

April 27, 2023
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Inflation growth slows for the Australian Economy

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...

April 26, 2023
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How to Trade Gold CFDs – Fundamental and Technical strategies

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...

April 26, 2023
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Market Analysis 24-28 April 2023

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...

April 26, 2023
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Microsoft posts better-than-expected results

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...

April 26, 2023
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The Coca-Cola Company announces Q1 results

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...

April 25, 2023
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Procter & Gamble Company exceeds expectations – the stock rises

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...

April 22, 2023
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Asian Session Update – AUD, NZD continue decline, Hot Japan CPI sees Yen strength

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...

April 21, 2023
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American Express posts mixed results, sets a new quarterly record

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...

April 21, 2023
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