Articles

Trade from an informed place. We cover news, political events and market analysis plus product updates.

Articles

Trade from an informed place. We cover news, political events and market analysis plus product updates.

American Express posts mixed results, sets a new quarterly record

American Express Company (NYSE: AXP) announced first quarter financial results before the market open on Thursday, setting a new quarterly revenue record. Company overview Founded: March 18, 1850 Headquarters: New York, United States Number of employees: 77,300 (December 2022) Industry: Banking, financial services Key people: St...

April 21, 2023
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Gold technical and fundamental analysis – How to trade it’s recent price action

Gold has been one of the most popular and highly traded markets recently as price action in the precious metal has really come alive, rate hikes, the war in Ukraine and Bank Crises have all played a part in the fundamental reasons for gold price movements in the last 12 months. Let’s take a look at the chart to see these fundamental effects and h...

April 20, 2023
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Tesla results have arrived

World’s largest automaker, Tesla Inc. (NASDAQ: TSLA), reported Q1 financial results after market close in the US on Wednesday. Elon Musk’s company posted mixed results for the quarter. Let’s take a closer look at how it performed. Company overview Founded: July 1, 2003 Headquarters: Austin, Texas, United States Number of branche...

April 20, 2023
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Bank of America beats Wall Street expectations, CEO expects a ”mild recession”

Bank of America Corporation (NYSE: BAC) reported the latest financial results for Q1 on Wednesday, beating analyst expectations for both revenue and earnings per share (EPS). Company overview Founded: 1998 (via the merger of BankAmerica & NationsBank) Headquarters: Charlotte, North Carolina, United States Number of branches: 3,900...

April 19, 2023
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Market Analysis 17-21 April 2023 – TH

XAUUSD Analysis   17 – 21 April 2023 The gold price outlook is positive in the medium term. As last week's closing of the buying bar was above the 1960 support or the latest high in price on the Weekly timeframe, it indicates the continued buying momentum that will allow the price of gold to continue. It can rise further to test the 2070...

April 18, 2023
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Charles Schwab posts mixed Q1 results

Charles Schwab Corporation (NYSE: SCHW) announced the latest financial results for the first three months of 2023 ended March 31, before the opening bell on Wall Street on Monday. Company overview Founded: 1971 Headquarters: Westlake, Texas, United States Number of branches: 400 Number of employees: 35,300 (as of December 2022) ...

April 18, 2023
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AUD and NZD under pressure on rising US and EU yield expectations

AUD and NZD, being cyclical currencies (cyclical currencies being ones that are extra sensitive to global risk sentiment) took a big hit in Fridays session , dropping 1.1% and 1.3% respectively against the USD and remain under pressure today. Weak retail sales out of the US on Friday didn’t help risk sentiment, but the rout really started when...

April 17, 2023
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GO Markets named as Compare Forex Brokers’ Best Liquidity Broker, Lowest Commission Forex Broker and Best Forex Broker in Singapore 2023

A 2023 Compare Forex Brokers’ comparison of the top global forex brokers named GO Markets as the top broker in multiple categories, including: Best Liquidity Broker 2023 Lowest Commission Forex Broker 2023 Best Singapore Forex Broker 2023 Justin Grossbard at Compare ForexBrokers said, “In our testing, GO Markets rated well w...

April 17, 2023
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JP Morgan Chase & Co. tops Q1 estimates – the stock is rising

JP Morgan Chase & Co. (NYSE: JPM) announced Q1 financial results before the market open in the US on Friday. The largest bank in the US beat both revenue and earnings per share (EPS) estimates for the first quarter of 2023, sending the stock price higher. The company reported revenue of $38.349 billion vs. forecast of $36.125 billion. ...

April 15, 2023
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Indices Trading – What are Indices and how to use CFDs to trade them

Index trading is one of the most popular class of markets to trade for CFD traders, rivalling major FX pairs in trading volume, but what is indices trading and how does trading them with CFDs work? Most people will be familiar with the names of the major stock indices from financial reports in all forms of media, the most popular stock indices o...

April 13, 2023
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USDCAD Analysis

On the 9th of March 2023, the Bank of Canada (BoC) released its monetary policy decision to keep rates at 4.50%. In the accompanying statement, the BoC indicated that it expected pressures in product and labour markets to ease as inflation growth signaled a slowdown. It also highlighted that while the BoC was assessing the impact of past interest r...

April 12, 2023
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Market Analysis 10-14 April 2023

XAUUSD Analysis 10 – 14 April 2023 The gold price outlook is positive in the medium term. As last week's closing of the buying bar was above the 1960 support or the latest high in price on the Weekly timeframe, it indicates continued buying momentum that will allow the price of gold to recover. It can rise further to test the 2070 resistan...

April 11, 2023
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FX analysis – USDJPY – Yield differentials pushing this pair higher

USDJPY The USDJPY is on the march higher again after a better than expected Non-Farm payroll figure on Friday saw sentiment shift hawkishly toward Fed monetary policy with Fed fund futures now pricing in a 70% chance of a 25bp hike at the FOMC May meeting, up from around a 50-50 split earlier in the week. The policy divergence in the US and J...

April 11, 2023
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RBA leaves cash rate unchanged but leaves the door open for future hikes if needed

After 10 hikes on the trot and what will no doubt be a relief for mortgage holders the RBA held the official cash rate at 3.60%. The rate decision was fully priced in by the futures markets , so no great surprise on the actual decision , it’s the accompanying statement where investors look for clues as to future RBA actions that will set the shor...

April 4, 2023
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Market Analysis 3-7 April 2023

XAUUSD Analysis 3 – 7 April 2023 The gold price trend can be viewed both positively and negatively in the short and medium term. As the closing of the Doji bar and last week's sell pressure bar indicate market hesitation. Although the previous week, gold has had strong buying momentum and has continued since the beginning of March. But ...

April 4, 2023
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