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Articles
Oil continues its sell-off as it drops after weaker Chinese and US economic figures
Oil has continued its tumble from its March 2022 high of $131 per barrel down to $82 a barrel. The drop has been in response to weak economic figures from China and the USA which has added to the recessionary anxiety gripping the market. Furthermore, as Iran edges closer to a nuclear deal, the removal of economic sanctions on the country may be ...
August 16, 2022Read More >Li Auto Q2 results are here
Li Auto Inc. (LI) reported its unaudited second quarter financial results on Monday. The Chinese automaker fell short of analyst estimates for the quarter. World’s 16th largest automaker reported revenue of $1.207 billion vs. $1.416 billion expected. The company reported a loss per share of -$0.04 for the quarter vs. -$0.02 loss per share ...
August 16, 2022Read More >USDJPY provides potential trade after holding a key Fibonacci level
The USDJPY has been in an extremely strong upward trend since September 2021. This pair's recent price action has also been charactarised by relatively weak retracements as it has trended higher. Inflationary pressures have acted as a strong catalyst for the USD against most other currencies further aided by the Federal Reserve taking a strong stan...
August 12, 2022Read More >Buying opportunity on the GBPAUD
Buying opportunity on the GBPAUD A short/medium term trading opportunity has arisen on the GBPAUD. The Pound has been weakening after the Bank of England came out last week and forecast that the economy would fall into a 15 month recession later this year. Whilst the bearish sentiment was somewhat of shock it was not totally unexpected...
August 12, 2022Read More >Rivian Q2 results have arrived
Rivian Automotive Inc. (RIVN) announced its Q2 financial results after the closing bell in the US on Thursday. The American automaker reported revenue of $364 million vs. estimate of $335.378 million. The company reported a loss per share of -$1.62 per share vs. -$1.63 per share expected. ”The second quarter of 2022 represented important...
August 12, 2022Read More >Disney company tops Wall Street estimates
The Walt Disney Company (DIS) reported the latest financial results for its third fiscal quarter after the closing bell on Wednesday. World’s largest entertainment company reported revenue of $21.504 billion for the quarter (up 26% year-over-year), topping Wall Street forecast of $20.994 billion. Earnings per share reported at $1.09 per sha...
August 11, 2022Read More >Coinbase reports disappointing results for Q2 – the stock is falling
Coinbase Global Inc. (COIN) released its financial results for Q2 after the market close in the US on Tuesday. The company reported revenue that fell short of Wall Street expectations at $808.325 million for Q2 vs. $873.82 million expected. Coinbase reported a loss per share of -$4.98 per share vs. -$2.47 loss per share expected. ''Q2 was ...
August 10, 2022Read More >Bitcoin showing signs of a reversal.
Bitcoin has seen a large tumble in its price since it reached its peak of $70,000, however there are signs that the price may be ready to break out of its downtrend. Background With rising inflation and a tense geopolitical climate, growth equities and risk assets have felt the pinch and Bitcoin has been right in the...
August 9, 2022Read More >Oil Companies Record Profits in question
In a time when you consumers could potentially be feeling domestic budgets tighten up, by the result of surging high inflation and rise in prices of commodities, you would be forgiven to be receiving the news that some of the biggest oil companies in the world, have acquired record profits with some skepticism, you would even question if these ...
August 9, 2022Read More >Barrick Gold beats Q2 estimates – sends the stock price higher
Barrick Gold Corporation (GOLD) reported its latest financial results before the market open in the US on Monday. One of the world’s largest gold producers reported revenue of $2.874 billion vs. $1.178 billion expected. The Canadian company reported earnings per share of $0.24 per share for Q2, also beating analyst estimate of $0.23 per sha...
August 9, 2022Read More >BNPL sector showing signs of a reversal after monstrous selloff
The Buy Now Pay Later, (BNPL) sector has seen a resurgence after a long and brutal sell-off. The reason for, much of the resurgence is not related to any specific catalyst but rather, changing sentiment within the broader market. The sector rose significantly before and during the Covid-19 pandemic. However, as the pandemic came...
August 8, 2022Read More >Alibaba posts better-than-expected results
Alibaba Group Holdings Limited (BABA) reported its latest financial results before the market open on Thursday. The Chinese e-commerce giant reported revenue of $30.689 billion for the quarter vs. $30.364 billion expected. Earnings per share were reported at $1.75 per share vs. $1.60 per share expected. Daniel Zhang, Chairman and...
August 5, 2022Read More >What is going on with Taiwan?
What is going on with Taiwan? Taiwan is back in the news after US speaker of the house Nancy Pelosi visited the country causing a fiery reaction from the mainland of China. Historical background In order to understand the causes of the China/Taiwan tension, some historical perspective is needed. The current te...
August 4, 2022Read More >Moderna Q2 results announced – the stock gets a boost
Moderna Inc. (MRNA) reported its Q2 financial results before the opening bell on Wall Street on Wednesday. The American biotechnology company posted results that beat expectations, sending the stock higher at the open. The company reported revenue of $4.749 billion for the quarter vs. $4.097 billion expected. Earnings per share reported at...
August 4, 2022Read More >USDJPY ready to bounce or retrace further.
USDJPY ready to bounce or retrace further. The USDJPY has been recently provided great buying opportunities for traders. However, in recent days it has posted its largest drop since beginning the current upward at the beginning of January 2021. The question remains, is this just a standard retracement or is it a symbol of a much bigger...
August 3, 2022Read More >
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