市場新聞與洞察

Leading online broker GO Markets has hired ex-Pepperstone Head of Market Risk, Peter Spanos. Peter has joined GO Markets as Head of Risk & Product Development, flagging a new era of growth for the Australian-founded broker. Spanos said of his new position, “It’s exciting to work at a company with a supportive culture.

GO Markets has big plans for the future, with some notable key hires recently. I look forward to helping the company on that journey. It’s a great place to be, surrounded by lots of very talented people.” Spanos started out at IG 15 years ago, as Senior Quoting Dealer / Market Maker.

He then moved to CMC Markets as Volatility Risk Manager, and most recently Head of Market Risk at Pepperstone, a role he’d held since 2018. GO Markets Director, Khim Khor said, “It’s great to have Peter on board. He has a wealth of experience and fits well into the culture at GO Markets.

We are very optimistic about what the future holds.” Several key personnel from Pepperstone have moved to GO Markets in the last 3 years, including GO Markets’ current Chief Marketing Officer, Head of Design, and their recently hired Senior Premium Client Manager.

Australia’s biggest lender has suffered a dropped in price the last few days. Shares in the bank fell as much as 5.7% in early trading in Sydney while the broader market (.AXJO) fell 1.0%, amid concerns of a weaker mortgage business in the high interest rate environment and the bank's lending margins peaking. Key points Brokers think that CBA’s margins can benefit from higher interest rates, however bad debts could rise CBA shares are down approximately 5%, which is a similar fall to the ASX 200 Morgans thinks that there’s more declines to come for CBA shares, though the dividend is expected to rise However, is not all doom and gloom when you peel back the layers as long-term shareholders would testify that while CBA shares have dropped 15% over the past week, it only registers an 8.5% drop in the last 6 months.

They are also sitting at the same price it was before the COVID-19 crash of 2020. Morgans is expecting a growing dividend from the big bank in the future. The estimated grossed-up dividend yield is 5.7% in FY22 and 6.25% in FY23.

After 8 rate hikes in 2022 and a further quarter-basis point raise last week, the central bank has indicated more tightening ahead to stamp out inflation. Soaring rates have cooled off the housing market and added to rising cost of living. "We expect business credit growth to moderate and global economic growth to slow during 2023," said Chief Executive Officer Matt Comyn. "However, we remain optimistic that a soft landing for the Australian economy can be achieved." "We are conscious that many of our customers are feeling significant strain from rising interest rates, alongside the rising costs of electricity, groceries and other household items,” Comyn said in an analyst and investor briefing. Comyn said some customers have drawn down savings and reduced spending, but they have not fallen behind on repayments yet.

To conclude the RBA interest rate hike was always going to affect the markets and cost of living, this much was advised at the Jackson Hole meeting last year. Many analysts and bankers hope that Australia has enough about them to have a soft landing and avoid a recession coming into 2023. GO Markets provides access to a range of Securities in the ASX, NASDAQ, NYSE and LSE and other additional major markets, by providing our clients with access to a platform, where you can either build a diverse portfolio of ASX Shares, or alternatively you can trade these markets as a CFD, visit us here for more information www.gomarkets.com/au or call us on 03 8566 7680 to speak to one of our Account Managers.

Sources: https://www.fool.com.au/, https://www.reuters.com/

US telecommunications giant Cisco Systems Inc. (NASDAQ:CSCO) announced the latest earnings results for the fiscal Q2 ending January 28, 2023, after market close in the US on Wednesday. Cisco beat revenue and earnings per share estimates for the quarter, sending the stock higher. The company reported revenue of $13.592 billion (up by 7% year-over-year) vs. the $13.419 billion estimate.

EPS reported at $0.88 per share (up by 5% year-over-year) vs. $0.855 EPS expected. Cisco also announced a quarterly dividend of $0.39 a share. CEO commentary ''With Cisco's strong Q2 performance, our fiscal 2023 is shaping up to be a great year," Chuck Robbins, CEO of the company said in a press release. "The modern, highly secure networks we are building serve as the backbone of our customers' technology strategy.

This, combined with the success of our ongoing business transformation and operational discipline gives me confidence in our future," Robbins added. Stock reaction The latest results had a positive impact on the share price. The stock was up by 5.24% at market close on Thursday in the US, trading at $50.96 a share.

Stock performance 1 month: +10.99% 3 months: +10.68% Year-to-date: +8.24% 1 year: -7.54% Cisco stock price targets Loop Capital: $66 Piper Sandler: $53 UBS: $51 Cowen & Co.: $64 JP Morgan: $55 Credit Suisse: $69 Rosenblatt: $53 Wells Fargo: $57 Raymond James: $63 Morgan Stanley: $55 Cisco is the 46 th largest company in the world with a market cap of $211.81 billion. You can trade Cisco Systems Inc. (NASDAQ:CSCO) and many other stocks from the NYSE, NASDAQ, HKEX, ASX, LSE and DE with GO Markets as a Share CFD. Sources: Cisco Systems Inc., TradingView, MarketWatch, MetaTrader 5, Benzinga, CompaniesMarketCap

US Dollar Index Fundamental Analysis A hard-fought tug-of-war between bulls and bears played out on the DXY Index after U.S. inflation data crossed the wires. A knee-jerk reaction caused the greenback to plunge, but eventually it was able to recover and move into positive territory due to higher Treasury yields (DXY +0.10% to 103.41). However, a bearish USD outlook is held by economists at Bank of America Global Research, who see a mild recession in the USA for this year as fed cuts to begin only in March 2024. “We expect a mild recession starting mid-2023 and Fed cuts to begin only in March 2024.

For 2023, the market expects a much milder recession, with the Fed still hiking rate 1-2 more times before slightly cutting rates in second half of the year.” “For now, we still hold a bearish USD view for the medium term; 2023 playing out in line with leading indicator historical precedents would increase the upside risk to our bearish USD outlook.” US Dollar Index Technical Analysis The US Dollar index has been trading in a range between $102.6 to $104 for the last 7 days. At the time of writing, Dollar Index is currently trading at $103.93, which is a major level of resistance where price has fallen significantly from in the past (Jan 2017). As seen in the photo below, it shows that price has come up to test this trend line that can be clearly seen on the daily time frame, paired with the consolidation, if this daily candlestick closes below $104 there could be a high probability of the US dollar continuing with its higher time frame downtrend.

A break above this trend line however could indicate a move to the upside.

The EURJPY has been trading under the 142.70 resistance area since the end of December 2022. With the price failing to break through over several occasions, the recent weakness in the Japanese Yen has seen the EURJPY trade beyond the resistance level, signaling the potential for a significant move to the upside. The recent weakness in the Japanese Yen comes not only because of the strength of the DXY but from the announcement of Kazuo Ueda as the next Bank of Japan (BoJ) Governor.

Kazuo Ueda stated that the BoJ’s current monetary policy is appropriate and that should continue. A sustained move to the upside would not only be dependent on the weakness of the Japanese Yen. A recovery in the strength of the Euro could provide the additional push, to drive the EURJPY higher.

ECB President Lagarde has continued to maintain her hawkish view by commenting that she intends to raise rates by 50bps at the next ECB meeting in March. Looking at the technical analysis, the EURJPY is likely to retrace briefly down to the 23.6% Fibonacci retracement level, which coincides with the resistance turned support level, before trading higher toward the key resistance at 145.60, formed by the previous swing high level. However, if the EURJPY trades significantly lower, past the previous swing low and the 50% Fibonacci retracement level, this breakout potential could be invalidated.

Barrick Gold Corporation (NYSE:GOLD) released the latest financial results for Q4 2022 on Wednesday. The Canadian mining company beat both revenue and earnings per share (EPS) for a second consecutive quarter. Barrick Gold reported revenue of $2.726 billion for the quarter vs. $2.674 billion expected.

EPS reported at $0.128 per share vs. $0.111 EPS estimate. The company also announced a dividend of $0.10 per share for Q4 2022. ''Our continued success in not only replenishing but also unlocking significant value in our asset base shows the unmatched potential of our organic growth pipeline,'' CEO of Barrick, Mark Bristow said in a press release. ''A stronger Q4 operational performance, notably from Cortez and Carlin in Nevada, Pueblo Viejo in the Dominican Republic and Tongon in Côte d’Ivoire, contributed to annual gold production of more than 4.1 million ounces in a year impacted by infrastructural issues at Turquoise Ridge in Nevada and the replacement of the rock winder at Kibali in the Democratic Republic of Congo. Copper production from Lumwana in Zambia and Jabal Sayid in Saudi Arabia was well within guidance.'' The company also announced another share buyback program: ''Barrick returned a record $1.6 billion to shareholders in 2022 through dividends and share buybacks and has announced a further share buyback program of up to $1 billion for the next twelve months.'' Stock reaction The stock was down by around 3% at the open in the US at $17.22 as share.

Stock performance 1 month: -3.10% 3 months: +12.79% Year-to-date: +3.67% 1 year: -19.88% Barrick Gold stock price targets BNP Paribas: $19 Barclays: $26 RBC Capital: $20 Goldman Sachs: $18 BMO Capital: $28 Barrick Gold is the 572 nd largest company in the world with a market cap of $31.38 billion. You can trade Barrick Gold Corporation (NYSE:GOLD) and many other stocks from the NYSE, NASDAQ, HKEX, ASX, LSE and DE with GO Markets as a Share CFD. Sources: Barrick Gold Corporation, TradingView, MarketWatch, MetaTrader 5, Benzinga, CompaniesMarketCap