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Articles
AutoZone latest results have arrived
AutoZone Inc. (AZO) reported its fourth quarter financial results for the period ending August 27, 2022 on Monday. The largest US retailer of aftermarket automotive parts reported revenue of $5.348 billion (up by 8.9% from the same period last year) vs. $5.164 billion expected. The company reported earnings per share of $40.51 for the quarter...
September 20, 2022Read More >Gold Testing Major Support Level
For the last 2 years, Gold has been bouncing in a range between $1700 and $2070 and is currently testing the major support level around $1700 as seen below. The price has used the yellow highlighted as an area for support zone and a rejection zone. Over the last 2 years clear rejections have occurred every time the price has reached around $...
September 16, 2022Read More >Adobe announces latest results and Figma acquisition
Adobe Inc. (ADBE) announced its financial results for the third quarter of the fiscal year 2022 before the opening bell in the US on Thursday. The American software company reported revenue of $4.433 billion, falling slightly short of Wall Street forecast of $4.438 billion. Earnings per share reported at $3.40 per share for the quarter, above...
September 16, 2022Read More >NZDJPY showing a potential buy?
The NZDJPY like most currencies against the JPY has been in a strong uptrend for over 2 years. With the Central Bank of Japan remaining dovish in its monetary policy the currency has taken a beating against most other currencies and as other Central Banks have acted against rising inflation. The NZD has been able to take adva...
September 15, 2022Read More >Will the CHF/JPY reach 150?
The CHF has moved almost parabolically against the JPY and is almost touching 150, which would mark a 40 year first. With the Bank of Japan indicating its need to maintain current interest rate levels which are already among the lowest in the western world, the currency has been severely weakened. Statement that has come from some of its members...
September 13, 2022Read More >US Dollar Index Update, EURUSD Technical Analysis
An update on an article posted on the 1st of September regarding the US Dollar Index: https://www.gomarkets.com/au/featured/us-dollar-analysis-technical-perspective/ Last week the US Dollar Index struggled to break and close above a major resistance area between $108.7 to $109.8, with a weekly candlestick breaking above but closing below the...
September 13, 2022Read More >Kroger tops estimates for Q2 – the stock is up
The Kroger Company (KR) released its latest financial results for Q2 on Friday. The American grocery supermarket chain reported revenue of $34.638 billion for the quarter vs. $34.461 billion estimate. Earnings per share also beat analyst estimates at $0.90 per share vs. $0.82 per share expected. "Kroger delivered strong second quarter resu...
September 12, 2022Read More >Oil Price tumbles to 7 month lows as recession fears grow
Brent Crude and West Texas Intermediate Oil both fell to their lowest levels since January as fresh recession fears swept the market. Brent dropped to $87 a barrel and WTI to $81. The prices dropped following OPEC’s decision to cut the production by 100,000 barrels a day of supply from October. In recent months with the Russian and...
September 8, 2022Read More >Oil Price tumbles to 7 month lows as recession fears grow
Brent Crude and West Texas Intermediate Oil both fell to their lowest levels since January as fresh recession fears swept the market. Brent dropped to $87 a barrel and WTI to $81. The prices dropped following OPEC’s decision to cut the production by 100,000 barrels a day of supply from October. In recent months with the Russian and...
September 8, 2022Read More >NIO Q2 results have arrived
NIO Q2 results have arrived NIO Inc. (NIO) reported its unaudited second quarter financial results on Wednesday. The Chinese electric vehicle maker reported revenue of $1.538 billion for the quarter, beating analyst estimate of $1.458 billion. Loss per share reported at -$0.20 per share vs. -$0.16 loss per share expected. William Bin Li...
September 8, 2022Read More >Brent testing critical level again
Brent Crude oil much like many other commodities has seen its value drop on the back of a strong US dollar and weaker demand forecasts. With the tail wind of the Russia and Ukraine crisis fading, Brent has struggled to maintain its highs of $125 a barrel in the last few months. In addition, the price has dropped to the point where it is r...
September 2, 2022Read More >Will gold hold its support or will the USD push it below $1660
Will gold hold its support or will the USD push it below $1660 Gold has dumped again after recession fears and a strong US dollar continue to grip the market. With Gold priced in US dollars it means that when the USD is strong the price of gold and other commodities is reduced. In recent days, following on from Jackson Hole the price has slum...
September 1, 2022Read More >Opportunities await trading the JPY
With central banks aggressively hiking interest rates to combat inflation, one specific country stands alone in maintaining a dovish stance. The country is Japan, and the consequence of the Central Bank of Japan’s ultra-dovish policy has been a massive weakening of its currency. Against almost all other currencies the JPY has been depreciating ag...
August 31, 2022Read More >What is Fundamental Analysis, News and Fundamental Trading?
Have you ever heard the saying, “70% of trading is in the head”? This is because the markets are mostly moved with sentiment, a good barometer to gauge is the Fear and Greed index, emotions trigger actions, there is a reason why there are sellers and buyers in the market at the same time, yes it can be attributed to the way people take in i...
August 31, 2022Read More >Baidu beats Q2 estimates
Baidu Inc. (BIDU) reported its unaudited Q2 results on Tuesday. The Chinese technology company topped both revenue and earnings per share estimates for the quarter. Revenue reported at $4.424 billion for Q2 (down by 5% year-over-year) vs. $4.395 billion expected. Earnings per share at $2.36 per share for the quarter vs. $1.59 per share estima...
August 31, 2022Read More >
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