Bitcoin rockets after powerful spike

Bitcoin rockets powerful spike   Bitcoin’s price has seemingly spiked out of nowhere in what has been in one of its strongest moves in days. With Bitcoin’s price suffering from sector volatility, it and most other cryptocurrencies has seen an aggressive sell off. This current rise in price is threatening to test the upper resistance po...

November 30, 2022
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Intuit results exceed expectations

Intuit Inc. (NASDAQ: INTU) reported its latest financial results for the first quarter of fiscal 2023, which ended October 31, after the market close in the US on Tuesday. The US software company beat both revenue and earnings per share (EPS) estimates for the quarter. Intuit reported revenue of $2.597 billion (up by 29% year-over-year) vs. $...

November 30, 2022
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Will BlockFi be another FTX?

Not even one week after crypto exchange FTX officially filed for bankruptcy another Cryptocurrency entity has felt the wrath and submitted its own Chapter 11. The spread and contagion effect from FTX was always a concern and now cryptocurrency lender BlockFi has fallen. BlockFi had been struggling even prior to the FTX collapse. In fact, the com...

November 29, 2022
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Pinduoduo tops revenue estimates for Q3 – the stock is rising

The Chinese e-commerce platform Pinduoduo Inc. (NASDAQ: PDD) announced its unaudited Q3 financial results on Monday. The company beat revenue estimates for the quarter, but fell short of earnings per share (EPS) estimates. Revenue reported at $4.991 billion (an increase of 65% year-over-year) vs. $4.315 billion estimate. EPS at $0.302 per ...

November 29, 2022
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Phillip Lowe apologises to the Australian Public over missed forecasts

Phillip Lowe, governor of the Reserve Bank of Australia, (RBA) has issued an apology to the Australian public in his most recent statement. Lowe specifically apologised for providing guidance in 2020 and 2021 that the official cash would only rise in 2024. Instead, rate rises began earlier this year and rises have occurred in 7 straight months. Dur...

November 28, 2022
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Possible high return Swing Trade on USDCHF

The USDCHF has just reached a significant support zone providing a potential entry for a low-risk high return trade. In recent weeks the USD has an aggressive pulled back on the back of weaker then expected inflation figures. This has benefited the CHF and most other non-USD currencies as expectations of a potential pivot grow and money moves away ...

November 25, 2022
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Shares of Deere rise as financial results exceed expectations

Shares of Deere rise as financial results exceed expectations Deere & Company (NYSE: DE) announced financial results on Wednesday for the fourth quarter that ended on October 30, 2022. The US manufacturer of farm machinery and industrial equipment reported revenue of $15.536 billion for the quarter, which was above analyst forecast of $13...

November 24, 2022
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How to trade in low volatility conditions

The market in recent months has created exceptionally difficult conditions to trade. Low volatility and obscure price action has reduced the volatility available for traders to capitalise on. These conditions have affected FOREX, Equity, and Index trading. It has been specifically difficult for momentum and trend following traders as a certain leve...

November 23, 2022
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Medtronic posts mixed results

Medtronic posts mixed results Medtronic Plc (NYSE: MDT) reported latest financial results for its second quarter of fiscal year 2023, which ended October 28, 2022 on Tuesday. The medical technology company posted mixed results for the quarter. Revenue reported at $7.585 billion (down 3% year-over-year) vs. $7.698 billion expected. Earni...

November 23, 2022
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Why you need to know about Expected Value

Many traders early on in their trading journey may jump into trading without knowing if their system or edge can be profitable. The most important metric that a trader should measure their system on is by using expected value. This essentially wors out the average return that the system will return for every trade that it makes, considering both wi...

November 22, 2022
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Zoom tops Q3 estimates

Zoom Video Communications Inc. (NASDAQ: ZM) reported third quarter financial results after the market close in the US on Monday. The US communications technology company posted better-than-expected results for the quarter, topping both revenue and earnings per share (EPS) estimates. Zoom reported revenue of $1.102 billion (an increase of 5% y...

November 22, 2022
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Short-term buying opportunity on Bitcoin

Bitcoin has recently tested the lows of its price range that it reached in the immediate aftermath of the FTX crisis. A long opportunity has been brought about after the price bounced off these lows near $15,863. The hourly chart shows a potential good risk reward entry. The trigger for the entry is not just the fact that price has bounced off the ...

November 21, 2022
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JD.com beats expectations

JD.com Inc. (NASDAQ: JD, HKEX: 9618) reported its latest earnings results for the three months that ended September 30, 2022, on Friday. The Chinese e-commerce company had a solid quarter – beating revenue and earnings per share (EPS) forecasts. JD reported revenue of $34.373 billion (up by 11.4% from the previous quarter) vs. $34.145 billi...

November 19, 2022
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FTX, a failure in Corporate Governance and effective risk management

The FTX bankruptcy case has been a fascinating study in the failure of corporate governance providing a warning to the Cryptocurrency industry that a lack of regulation will not excuse poor financial management and that these exchanges are not immune to failure. In the last week, the company engaged distressed company expert, John Ray III to tak...

November 18, 2022
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The latest Alibaba results are here – the stock is rising

Alibaba Group Holding Limited (NYSE: BABA, HKEX: 9988) announced the latest financial results on Thursday. The Chinese e-commerce giant reported revenue of $29.124 billion (up by 3% year-over-year), falling slightly short of $29.288 billion expected. Earnings per share topped analyst estimates for the quarter at $1.816 per share (an increase ...

November 18, 2022
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