市场资讯及洞察

Li Auto Inc. (NASDAQ: LI) released Q3 results before the market open in the US on Thursday. Let’s take a look at how the Chinese company performed. Company overview Founded: 2015 Headquarters: Beijing, China Number of employees: 19,396 (2022) Industry: Automotive Key people: Li Xiang (Chairman and CEO), Yanan Shen (President), Tie Li (CFO) The results World’s 12th largest automaker reported revenue of $4.749 billion for Q3 (up by 271.2% year-over-year), above analyst estimate of $4.581 billion.

EPS reported at $0.449 per share vs. $0.368 per share expected. The electric vehicle company delivered 105,108 cars in the previous quarter – up by 296.3% from the same period in 2022. Li Auto has delivered 284,647 vehicles so far this year.

CEO commentary "In response to the evolving market demand in the third quarter, we continued to strengthen synergies across production, supply, and sales, while enhancing our production capability. With these efforts, we achieved a number of breakthroughs across our delivery performance during the quarter, becoming China’s first emerging new energy automaker to reach the milestone of 500,000 cumulative deliveries. Each of our three Li L series models recorded over 10,000 monthly deliveries for three consecutive months since August, maintaining our position as the sales champion among SUVs and NEVs priced over RMB300,000 in China.

As we further expand our business scale, we will continue to maintain our profitability at a healthy level, while investing in research and development to propel the long-term growth of our business," Chairman and CEO of Li Auto, Li Xiang said in a press release to investors. The stock was down by around 2% on Thursday despite posting better-than-expected results. Shares of Li Auto are up by 118.68% in the past year at $38.28 a share.

Stock performance 1 month: +10.41% 3 months: -11.16% Year-to-date: +86.62% 1 year: +118.67% Li Auto price targets B of A Securities: $60 Barclays: $48 Citigroup: $54.3 HSBC: $36 Jefferies: $20.66 Li Auto Inc. is the 453rd largest company in the world with a market cap of $38.17 billion, according to CompaniesMarketCap. You can trade Li Auto Inc. (NASDAQ: LI) and many other stocks from the NYSE, NASDAQ, HKEX, ASX, LSE and DE with GO Markets as a Share CFD. GO Markets now offers pre-market and after-market trading on popular US Share CFDs.

Trade the pre-market session: 4:00am to 9:30am, normal session, and after-market session: 4:00pm to 8:00pm, Eastern Standard Time. Volatility never sleeps. Trade over earnings releases as they happen outside of main trading hours Reduce your risk and hedge your existing positions ahead of a new trading day Extended trading hours on popular US stocks means extended opportunities Sources: Li Auto Inc., TradingView, MarketWatch, CompaniesMarketCap, Wikipedia, Benzinga, Macrotrends

The recent surge in gold prices, following recent events in the Middle East and the declining US Dollar (DXY), raises the question: Is this the end of the bull run for Gold (XAU/USD)? Gold started rising earlier this month after rejecting the price level of 1815.00. Since then, it has steadily climbed back to its previous peak of 1984.00, a resistance point that was notably challenging to breach in July.

This recent surge in gold prices, due in part to recent events in the Middle East, is attracting more bullish activity in the gold market. Simultaneously, the declining value of the US Dollar (DXY) has contributed to the upward movement of gold prices. Where can we see gold go in the near future?

In the market, assets tend to move in one of three directions: up, down, or sideways, often referred to as consolidation. Given that gold has reached its previous peak, it may seek potential support, which appears to be around 1930-1931. Concurrently, the US Dollar is experiencing a decline in value.

If gold manages to surpass the resistance at 1984.00, the next hurdle could be at 2060.00. This level is evident on the daily timeframe, where the price has approached 2060 on multiple occasions, only to be rejected. What about the DXY and XAU/USD?

The relationship between DXY (Dollar Index) and gold (XAU/USD) is intricate. Sometimes, when the dollar index is declining, the price of gold tends to move sideways or increase. However, examining larger time frames like the 4-hourly or daily charts reveals an inverse pattern of rejection and price rise between these two markets.

It's important to note that gold's movements are not solely dependent on the USD; other significant factors, including news, social and geo-political events can also play a substantial role in influencing its price fluctuations. Why is gold so important? Apart from its physical shine and the enduring symbolic connection with wealth seen throughout human history, gold holds significance as a historically reliable store of value and a means of exchange.

Unlike many other commodities, gold does not diminish or get depleted, giving it a timeless sense of worth. It can act as a safeguard against the erosion of currency value caused by inflation, prompting numerous investors to view gold as an alternative asset and a method of preserving their wealth. How can I trade gold?

At GO Markets, we provide Metal CFDs for trading, offering not only gold but also silver and copper futures. Our goal is to deliver an exceptional trading experience to our clients. We take pride in offering one of the best online trading platforms for gold, silver, and copper futures, in addition to providing access to FX, Soft Commodities, Shares, and Indexes, enabling our clients to diversify their investments across various financial markets.

The Walt Disney Company (NYSE: DIS) reported its fourth quarter and full fiscal year 2023 results ending September 30, 2023, after the market close in the US on Wednesday. Company overview Founded: October 16, 1923 Headquarters: Team Disney Building, Walt Disney Studios, Burbank, California, United States Number of employees: 220,000 (2022) Industry: media, entertainment Key people: Mark Parker (chairman), Bob A. Iger (CEO) The results World’s third largest entertainment company reported revenue of $21.241 billion for the quarter (up by 5% year-over-year), narrowly missing analyst estimate of $21.369 billion.

Revenue for the full year reached $88.898 billion, an increase of 7% from the previous year. Earnings per share reported at $0.82 per share, above analyst estimate of $0.71 per share. EPS for the full year reached $3.76 per share.

Disney+ added 7 million core subscribers during the previous quarter. CEO commentary "Our results this quarter reflect the significant progress we’ve made over the past year," Robert A. Iger, CEO of Disney commented on the latest results. "While we still have work to do, these efforts have allowed us to move beyond this period of fixing and begin building our businesses again.

We have a solid foundation of creative excellence and innovation built over the past century, which has only been reinforced by the important restructuring and cost efficiency work we’ve done this year, and we’re on track to achieve roughly $7.5 billion in cost reductions. Combined with our portfolio of valuable businesses, brands and assets – and the way we manage them together – Disney has a strong hand that differentiates us from others in our industry." "As we look forward, there are four key building opportunities that will be central to our success: achieving significant and sustained profitability in our streaming business, building ESPN into the preeminent digital sports platform, improving the output and economics of our film studios, and turbocharging growth in our parks and experiences business. We have already made considerable advancements in these four areas and will continue to move forward with a sense of purpose and urgency, and I’m bullish about the opportunities we have before us to create lasting growth and increase shareholder value," Iger concluded.

The latest results had a positive impact on the stock in the after-hours trading. Shares were up by around 3%.The stock is down by 2.59% in the past year at $84.50 per share. 1 month: -0.41% 3 months: -3.42% Year-to-date: -2.74% 1 year: -2.59% Walt Disney price targets JP Morgan: $120 Seaport Global: $93 Bernstein: $103 Rosenblatt: $103 B of A Securities: $110 Truist Securities: $105 Raymond James: $97 Wells Fargo: $110 Goldman Sachs: $136 Deutsche Bank: $135 Walt Disney is the 68th largest company in the world with a market cap of $154.61 billion, according to CompaniesMarketCap. You can trade The Walt Disney Company (NYSE: DIS) and many other stocks from the NYSE, NASDAQ, HKEX, ASX, LSE and DE with GO Markets as a Share CFD.

GO Markets now offers pre-market and after-market trading on popular US Share CFDs. Trade the pre-market session: 4:00am to 9:30am, normal session, and after-market session: 4:00pm to 8:00pm, Eastern Standard Time. Why trade during extended hours?

Volatility never sleeps. Trade over earnings releases as they happen outside of main trading hours Reduce your risk and hedge your existing positions ahead of a new trading day Extended trading hours on popular US stocks means extended opportunities Sources: The Walt Disney Company, TradingView, MarketWatch, CompaniesMarketCap, Wikipedia, Benzinga

热门话题最近澳洲的消息有点多：第一件事，是澳大利亚总理Albanese 在北京会见中国国家主席。标志着中澳关系出现缓和，未来中国澳洲的华人们福利多多，贸易旅游往来也会逐渐恢复。Albanese成为7年来首次访问中国的国家领导人。中澳总理年度会晤联合成果声明：双方欢迎恢复中澳高级别对话。第二件事，就是澳洲加息了。澳洲加息这件事情，在三四个月之前，我就一直在强调，澳洲至少还有一次加息。大家可以通过Youtube搜索GO Markets找到Jacky过去的视频，就可以看到。为什么加息呢？逻辑很简单，圣诞节之前，得来这么一次。如果痛是一定要发生的，就让痛来得快一点，而不是一直悬在脑袋上。Michele在上任的第一个月，还没有时间加息，而12月是圣诞节，更不可能了。12月加息就会影响大部分有房产朋友的心情，好不容易躺在沙滩上度假，结果打开手机发现，过节的时候，澳洲加息了，瞬间假期不香了，加息导致旅游经费超出预算了。所以，11月是最好的选择。加息后，澳洲股市下跌，最多下跌超1%，收盘时下跌0.3%左右。

好消息是什么呢？大部分人认为这是澳洲最后一次加息，主要目的还是在高消费旺季的圣诞节到来之前，把通胀压一压，防止通胀反弹。自2022 年 5 月以来，澳洲联储已加息13 次。那么为什么之后加息的概率很低呢？主要还是跟政治有关。工党政府在中期民调中民调下滑，正在努力控制加息对房主的影响，同时承认需要抑制通货膨胀。这本身就很矛盾。所以，就像我们做交易，你入场了，亏了，是继续加仓，还是多等一段时间？目前澳洲央行就是，正在通过加息做空通胀，稍微加加仓，加个0.25%，让子弹飞一会，静待通胀下跌。澳洲联储正在努力确保通胀在 2025 年底前回落至 2-3% 的目标范围内。

在一系列强于预期的通胀和零售销售报告迫使澳大利亚央行采取行动后，周二央行将现金利率提高了四分之一个百分点至4.35%，这是五个月来的首次政策举措。这是行长米歇尔·布洛克 (Michele Bullock) 领导下的首次加息，现金利率升至 2011 年以来的最高水平。同时暗示进一步收紧政策的障碍更大，从而推低了澳元。甚至部分彭博经济学家预测，未来澳联储的行动是降息。而澳洲房地产市场已反弹至接近历史高位，零售额增幅超出预期，商业信心依然强劲。人口激增也对经济有帮助，这增加了对住房、交通和外出就餐等各方面的需求。所以，未来的加息可能性还是存在的。我们再来看美国美联储的态度，昨晚美联储理事鲍曼：我仍然预计我们需要进一步提高联邦基金利率。尽管如此，他也承认通胀有望回到3%以下，同时就业和经济开始疲软。所以本质上来说，美国保留了加息的可能性，但是不再坚定的加息。而是给通胀反弹留了一个后手。意思就是，通胀反弹到没办法控制，我还是加息。但是，目前来看，还不错。所以，相比于美国，澳洲未来继续加息的概率低于美国，对于金融市场买预期卖事实来说，澳币冲高回落也在合理范围内。在过去几周里，加息预期不断升温，使澳元在 G10货币中大幅上涨。市场的定价不仅是今天加息，还包括在本轮周期内再次加息。然而，澳洲联储的声明未能证实这种鹰派立场，而是采用了依赖数据的方法来评估进一步紧缩的需求。

AUDCNH价格回落到4.7下方，再次迎来底部建仓机会免责声明：GO Markets分析师或外部发言人提供的信息基于其独立分析或个人经验。所表达的观点或交易风格仅代表其个人；并不代表GO Markets的观点或立场。联系方式：墨尔本 03 8658 0603悉尼 02 9188 0418中国地区(中文） 400 120 8537中国地区(英文） +248 4 671 903作者：Jacky Wang | GO Markets 亚洲投研部主管

Tuesdays FX session is turning out to be a mirror image on Monday’s session Where the USD was battered against its major peers. Today, seeing almost a full retrace of those moves as USD is once again king. The Dollar Index (DXY) respected the upward trendline support that has led DXY higher since July (with the exception of a brief break in early September).

A less aggressive CNH fix by the PBoC and sour risk sentiment also helping the Dollar. DXY rebounding strongly in Tuesday’s session so far, the 105 level will be key. DXY has found increasing resistance above this level for the last 12 months and with an empty news calendar in the US a push higher through the key 105 level in today’s session would be tough going.

GBPUSD had an initial and very brief spike higher on a hot headline UK average earnings figure, but quickly retraced from a high of 1.2530, losing the psychological 1.2500 as other jobs data painted a grim picture, with the unemployment rate a 200k+ drop in the employment and downward revisions on previous data weighing on Sterling. USDJPY continued to march higher, looking to fill the gap after the Monday open gap down on Japanese jawboning over the weekend. USDJPY did breach the psychological 147 level earlier in the session but has found some resistance there and at the 23.6 Fibonacci level (147.06) going into the US session.

AUDUSD gave back some of the big gains in Mondays session, but a rebound in the price of iron ore and a relatively firm CNH helped the Aussie stem it’s losses against the USD and certainly out performed its Antipodean rival the NZD. AUDUSD holding the key 0.6400 level trading within 0.6417-40, AUDNZD trading near the top of its recent range, getting to a high of 1.0885 in the Asian session. NZD undermined by downgrades to NZ fiscal projections in a pre-election report.

The US economic calendar is empty of key risk events in Tuesday’s session, all eyes will be on tomorrows pivotal CPI report though.

Comments from Bank of Japan governor Ueda over the week saw USDJPY gap significantly lower at the Asian session open. The pair now trading well under 147 from eight-month highs at Fridays close. Ueda commented that the BoJ cannot rule out that they might have sufficient data by year-end to determine whether they can end negative rates, this brings the timeline forward of Japanese normalization, previously not signaled to begin until 2024.

US-JPY rate differentials compressed on the news, with the predictable move in USDJPY to the downside. USDJPY found some support at the 4H trendline and has retraced some of its losses in the EU session, hovering just below the key resistance level of 146.63, a resistance level that capped gains in the pair during August. Key UK wage and jobs data released on Tuesday, is looking to show some cooling in the UK jobs market but probably not enough to avoid a September BoE rate hike.

GBPUSD holding the major support at 1.2450 and continuing to rise, reclaiming the psychological 1.2500 level, and piercing trendline resistance to the upside. Tomorrows figure, if a big miss or big beat, should see some action in GBP as rate hike/hold odds adjust. The Aussie dollar has surged today, AUDUSD breaking out of its tight September range and reclaiming the major S/R level at 0.6400.

AUD gaining alongside the CNH after the PBoC set the strongest fix signal on record. Chinese data released over the weekend also showing the worlds second largest economy bouncing back from deflation.