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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.

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KFC operator share price shoots up after a strong year

The operator of KFC and Taco Bell restaurants across Australia, Europe and South East Asia Collins Foods Limited, (CKF) saw its share price shoot up by above 11% on Tuesday after releasing its annual report. The company saw its revenue increase to 1,184,521,000 and increased its profit by an impressive 47%. The company also saw a decrease in its...

July 1, 2022
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Liontown Resources, (LTR) secures offtake agreement with Ford

Australian lithium company, Liontown Resources, has secured another offtake agreement for its Kathleen Lithium project. The agreement with global car manufacturer Ford, means that it will now be the third offtake partner as part of the foundational financing for the development of the Project. Lithium is key for the batteries in electric vehicles i...

June 29, 2022
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Australian Gold companies slump to yearly lows

Some of Australia’s largest gold miners have slumped to their 52-week price lows as rising costs and labour shortages have pushed their share prices down. St Barbara, (SBM), Ramelius Resources, (RMS) and now Evolution Mining, (EVN) have all reported disappointing updates to the market. The collective weakness has reverberated across the sector wi...

June 29, 2022
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Nike tops Wall Street estimates

Nike Inc. (NKE) reported its latest financial results for its fiscal 2022 fourth quarter after the closing bell in the US on Monday. World’s largest sporting goods company topped both revenue and earnings per share estimates. The company reported revenue of $12.234 billion for the quarter vs. $12.061 billion expected. Earnings per share rep...

June 28, 2022
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The Week Ahead – Stock Markets

After weeks of relentless selling the market provided a decent rally to end the week. The S&P 500 saw a nice jump rising 3.44% during Friday’s trading session. This may provide investors and traders some positive momentum for the beginning of the week. Whilst the market is still holding a down trend, it was able to bounce of the bottom of the...

June 27, 2022
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Lithium darlings fall to 6 months lows.

Two junior lithium companies, Core Lithium, (CXO)  and Lake Resources, (LKE) have seen aggressive sell offs after motoric rises in the last few years. The Backstory Lithium stocks companies had seen a momentous rise in the past 3 years largely on the back of the push towards renewable energy and electric vehicles which require lithium for th...

June 24, 2022
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Accenture latest results announced

Accenture (ACN) reported its latest financial results before the market open in the US on Thursday. The Irish-American professional services company reported revenue of $16.159 billion for the third quarter of fiscal 2022 vs. $16.04 billion expected. Earnings per share missed analyst expectations for the quarter at $2.79 per share vs. $2.86 p...

June 24, 2022
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Bitcoin teetering above key $20,000 level

Bitcoin and other cryptocurrencies have seen their prices decline rapidly in recent times as inflation has wreaked havoc across the market. The capitulation has seen Bitcoin lose almost 75% of its value since November 2021. The aggressive selling has seen the price fall to its lowest levels since November 2020. The theory that Bitcoin would be a...

June 22, 2022
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Adobe latest results are here

Adobe Inc. (ADBE) announced its latest earnings results after the closing bell on Thursday for its second quarter fiscal year 2022 ended June 3. The American software company reported revenue of $4.386 billion for the quarter (up 14% year-over-year), beating analyst forecast of $4.345 billion. Earnings per share also reported above analyst ex...

June 20, 2022
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The CHF rallies after surprise 50-point interest rate hike

The Swiss National Bank, (SNB) has surprised the market and raised interest rates by 0.5% to combat inflation. The SNB was one of the last central banks holding firm in its dovish stance, however with growing inflation felt now was the time to intervene and raised rates from -0.75% interest to -0.25%. It was the first interest rate rise since 2007 ...

June 17, 2022
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Crypto’s week of horror ends in a new 18 month low

As the week comes to an end, many cryptocurrency investors grow increasingly nervous. This emotional sentiment has resulted in bitcoin’s new 18 month’s low price, since December 2020. It has also caused a well known crypto company, Celsius, to suspend client’s withdrawals. Bitcoin started the week at $27,000 USD which was a 10% decreas...

June 17, 2022
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New Zealand see unexpected contraction after Quarter figures released

The New Zealand economy took a hit in the first quarter as Covid 19 ran rampant and interest rates rose as the Reserve Bank of New Zealand increased interest rates to combat inflation. The contraction was exaggerated as imports were reduced. Growth across the country was slowed. Production based output or the GDP fell by 0.2% which was below the...

June 16, 2022
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Are ETFs really Passive?

What is an ETF Most people have heard of ETFs but not everyone knows what they are. An ETF is an Exchange Traded Fund and they are extremely popular amongst retail investors and novice investors. Companies such as Beta shares, Vanguard, Blackrock and others create and manage these holdings on behalf of investors. An ETF is a collections of stock...

June 15, 2022
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Oracle beats estimates

Oracle Corporation (ORCL) reported its latest financial after the closing bell in the US on Monday. The company beat both revenue and earnings per share estimates, sending the stock price higher. The US software and hardware manufacturer reported revenue of $11.84 billion for the quarter (up by 5% year-over-year and up 10% in constant currency) ...

June 15, 2022
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AUD/USD finds new buyers at the 0.70 price mark

As depicted in the AUD/USD hourly chart above, the pair has recently reached a monthly low of 0.69117 as it enters today’s European session. As it continues to decrease in value, it generates a sloping resistance line at 0.6970, this is the trendline from Friday’s prices. Although the trend might appear bearish at the moment, the MACD in...

June 14, 2022
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