GO Markets Announced as Kooyong Classic 2023 Partner

FRITZ, CILIC JOIN ALCARAZ AND DE MINAUR AT CARE A2+ KOOYONG CLASSIC GO MARKETS ANNOUNCED AS NEW PARTNER Top-ranked American Taylor Fritz and former US Open Champion Marin Cilic are the latest headline acts for the Care A2+ Kooyong Classic in 2023, with Australian-owned online brokerage, GO Markets also announced as a new tournament partner. Fr...

October 7, 2022
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Technical Analysis – Retracement for US Dollar

Starting from the weekly timeframe, US Dollar Index has been consistently trending upwards for the last 16 months. Using the 9 exponential moving average (EMA) on the weekly time frame, we can see the US Dollar retracing back to the EMA, bouncing off of it, then continuing with the trend, as seen below: Looking at the structure of the uptren...

October 7, 2022
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EURAUD testing mean of long-term range

The EURAUD buoyed by a weaker Australian Dollar lighter lighter monetary policy from the Reserve Bank of Australia, (RBA) has seen the currency pair move with some momentum in recent days and weeks. The RBA came out in its most recent meeting and raised rates by an unexpectedly low 25 bps vs 50 bps. This helped equities and housing stability but pu...

October 6, 2022
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RBA surprises the market hiking 25bp against expectations

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, s...

October 4, 2022
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China Yuan’s Falls to Record lows

I have recently written a piece on the weakening of the Great British Pound (GBP) just the other day, as it looks like the dollar seems to be king at present and getting stronger against all other top currencies around the world. Today is the Chinese Yuan in focus, yesterday was the Sterling pound, who’s your money on tomorrow? We will have t...

October 4, 2022
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Tesla sets a new record

Tesla Inc. (NASDAQ: TSLA) reported its Q3 2022 delivery numbers on Sunday. World’s largest automaker delivered a total of 343,830 cars (up by 42.49% year-over-year) in the third quarter – setting a new quarterly record. The deliveries in Q3 consisted of: 18,672 Model S/X 325,158 Model 3/Y The automaker produced 365,923 vehicles...

October 4, 2022
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Optimising trading strategies by using multiple timeframe analysis

Many trading strategies utilise technical analysis to predict price patterns and for entries and exits. These strategies revolve often begin with the idea of the price having identifiable support, resistance and trendline market structures which indicate where various buying and selling points can be placed for a trade. These support and resistance...

October 3, 2022
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Natural Gas showing getting ready to test important level

Natural Gas prices have had a volatile year to say the least. After finding multi decade highs on the back of geo-political volatility and record high inflation levels the price has seen an aggressive retracement. With the overall commodities market suffering a big drop as recessionary pressures have taken over and a resilient USD, Natural gas has ...

September 30, 2022
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What are Bonds and how do you trade them?

Maturity, Yields, Par Values and Coupon payments. These are words that everyone has heard of but not many have a good understanding of what they mean. In this article all these complicated terms will be explained. Please note that while this information is most relevant for physical bonds, it is still important to understand when dealing with CFD...

September 28, 2022
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When will the AUD find support?

The AUD has fallen to lows not since the beginning of the Covid 19 pandemic and does not look like stopping anytime soon. With global commodity prices coming down and fears of a recession causing panic sell offs the AUD has been victim to a two-fold attack. The general recession fears push growth assets including the Australian dollar downward as i...

September 27, 2022
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Why has the GBP Collapsed to record lows?

It hasn’t been a good Monday morning for some investors or English travelers who wish to sell the GBP to go abroad, as the Sterling Pound has collapsed to record lows to bring almost perfect parity with the U.S Dollar at 1 GBP equals $1.09. Sterling fell to the lowest level in 37 years, trading below the $1.09 following the rate increase. ...

September 27, 2022
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GO Markets wins in the Global Forex Awards – Retail

GO Markets has won three awards in this year’s Global Forex Awards;  Best Forex Fintech Broker - Global Best Forex Trading Support - Asia  Most Trusted Broker - Europe The Global Forex Awards recognise forex and related businesses from around the world, “who are pushing the boundaries of innovation in retail forex trading solution...

September 27, 2022
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More downside for major cryptos?

Following the previous Bitcoin analysis (https://www.gomarkets.com/au/articles/economic-updates/bitcoin-usd-technical-analysis/), bitcoin continues to break below pattern after pattern, recently breaking out and re-testing a descending flag pattern on a 4h time frame as seen below: With the next major support sitting around $17,619, it won...

September 27, 2022
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ASX200 resting on a knifes edge

Inflation and recessionary pressures have caused the aggressive sell offs of some of the largest global indices, however so far, the ASX200 or XJO has fared relatively well. However, there are worrying signs that a resilient XJO may be coming to an end. Whilst the inflation rate in Australia is still at levels that are low compared to much of the r...

September 26, 2022
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USDJPY showing signs of another breakout

The USDJPY has been one of the strongest performing currency pairs since the beginning of the year. With geopolitical volatility and record high inflation rates impacting the global economy, the strength of the USD has just continued to be on show. On the contrary, the JPY has been pillaged from pillar to post as the Bank of Japan has refused to ch...

September 20, 2022
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