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Articles

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

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Articles

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

Try free demo Open account
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, 2022
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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, 2022
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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, 2022
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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, 2022
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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, 2022
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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, 2022
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Natural Gas – Technical Analysis

The United States used 30.28 trillion cubic feet of natural gas in 2021, making them the world’s largest consumer of natural gas. Natural gas consumption in the United States has two seasonal peaks, largely reflecting weather-related fluctuations in energy demand. One of the biggest consumptions of gas is industrial, residential and commercial co...

September 8, 2022
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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, 2022
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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, 2022
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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, 2022
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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, 2022
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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, 2022
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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, 2022
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Is the price of wheat ready to bounce?

  The price of wheat is finally starting to show positive signs after an aggressive sell off that has been ongoing since May 2022. There is hope that the price of the commodity may begin to climb again with the price finally finding some support.  The price has been impacted by growing fears that production may slip may increasing volatili...

August 30, 2022
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Jackson Hole Symposium set to get underway today

  The Kansas City Federal Reserve is set to host the 45th Annual Symposium at Jackson Hole Lodge in Wyoming’s Grand Teton National Park. Some of the countries and world’s most important central bankers, economists, and academics will be meeting to discuss the biggest issues facing the global economy. The key issue on the agenda is of �...

August 26, 2022
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