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.

AutoZone latest financial results announced

The largest US retailer of aftermarket automotive parts, AutoZone (NYSE: AZO), released its latest earnings report for its fiscal first quarter that ended on November 18, 2023, before the US market opened on Tuesday. Company overview Founded: July 4, 1979 Headquarters: Memphis, Tennessee, United States Number of employees: 119,000 (20...

December 6, 2023
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NIO Q3 results have arrived – the stock is rising

Chinese electric vehicle company, NIO Inc. (NYSE: NIO), reported Q3 results before the opening bell in the US on Tuesday. Company overview Founded: November 2014 Headquarters: Shanghai, China Number of employees: 20,000+ (2023) Industry: Automotive Key people: William Li (CEO), Lihong Qin (President), Wei Feng (CFO) The resul...

December 6, 2023
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FX Analysis – USD pushes above key level, AUD ahead of the the RBA

USD bounced back to start the first full week of December after a horror run in November where the Dollar Index (DXY) fell around 3%. DXY breaking through the 200 Day SMA resistance and printing a high of 103.850. Sour risk sentiment and higher treasury yields (particularly in the short end) helping DXY erase the Powell inspired drop on Friday.  W...

December 5, 2023
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Kroger tops third quarter expectations

One of the largest food retailers in the United States, Kroger Co. (NYSE: KR), announced Q3 earnings results before the opening bell in Wall Street on Thursday. Company overview Founded: 1883 Headquarters: Cincinnati, Ohio, United States Number of employees: 465,000 (2022) Industry: Retail Key people: Rodney McMullen (CEO & ...

December 1, 2023
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Salesforce shares rise in after-hours as earnings results top estimates

Salesforce Inc. (NYSE: CRM) reported its latest financial results after the closing bell in the US on Wednesday. World’s leading customer relationship management company topped both revenue and earnings per share estimates (EPS) for the third quarter of fiscal 2024. Company overview Founded: February 3, 1999 Headquarters: Salesforce...

November 30, 2023
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FX Analysis – USD continues decline on dovish Fedspeak, JPY outperforms, AUD and NZD breakout

USD continued its recent decline on Tuesday with the US dollar index (DXY) hitting its lowest level since mid-August at 102.60 before finding some support at the 61.8 Fib level.  The decline accelerated after voting Fed member Waller who is seen as a hawk, made some dovish remarks regarding rates and inflation namely he was “increasingly confide...

November 29, 2023
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Intuit results announced

US business software company Intuit Inc. (NASDAQ: INTU) announced the latest financial results for first quarter of fiscal 2024 after the closing bell in the US on Tuesday. Company overview Founded: 1983 Headquarters: Mountain View, California, United States Number of employees: 18,200 (2023) Industry: Enterprise software Key pe...

November 29, 2023
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PDD Holdings shares skyrocket as earnings top estimates

PDD Holdings Inc. (NASDAQ: PDD) reported Q3 financial results before the market open in the US on Tuesday. The Chinese company beat both revenue and earnings per share (EPS) estimates, sending the stock higher. Company overview Founded: 2015 Headquarters: Shanghai, China Number of employees: 12,992 (2022) Industry: Internet, Agricu...

November 29, 2023
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FX Analysis – EUR and GBP rally on PMIs, USDJPY tests key level.

Markets were predictably quite due to holidays in the US and Japan on Thursday. USD was marginally softer overall with DXY dropping to test the support at the 200-day MA before recovering modestly amid the holiday lull for Thanksgiving. Source:TradingView.com EURUSD managed mild gains with price action choppy around the 1.0900 level but ev...

November 24, 2023
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Deere & Company results top estimates but the stock is falling

Deere & Company (NYSE: DE) reported the latest results for the fourth-quarter ending October 29, 2023 and full fiscal 2023 before the market opens in the US on Wednesday. The American manufacturer of farm machinery and industrial equipment beat Wall Street estimates for the fourth-quarter but fell short on future outlook expecations. Company...

November 23, 2023
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FX Analysis – AUD, GBP, EUR, USD, XAUUSD

USD – The US dollar index was ultimately firmer in a choppy session where DXY hit a low of 103.18 in the APAC session only to reverse course later hitting a high of 103.71 in the US session. A sour risk environment after some misses in US retail earnings and traders getting long before the FOMC minutes seem to be the key drivers. Reaction to the ...

November 22, 2023
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NVIDIA exceeds expectations

One of the most anticipated earnings releases in the calendar is here. NVIDIA Corporation (NASDAQ: NVDA) announced the latest results after the closing bell on Tuesday. Let’s see how one of the companies from the ''trillion club'' performed. Company overview Founded: 5/4/1993 Headquarters: Santa Clara, California, United States Numb...

November 22, 2023
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Zoom tops estimates and raises full-year forecast

Zoom Video Communications Inc. (NASDAQ: ZM) released its latest financial results for the third fiscal quarter after the market closed in the US on Monday. Company overview Founded: April 21, 2011 Headquarters: San Jose, California, United States Number of employees: 8,484 (January 2023) Industry: Tech Key people: Eric Yuan (Cha...

November 21, 2023
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FX Analysis – Falling Yields Pressure USD, the Key Levels to Watch.

Recent US figures have seen a rout in treasury yields with the flagship 10-year now yielding 4.435% after starting November at 16-year highs north of 5% and in a seemingly unstoppable uptrend. A cooler CPI and PPI showing inflation is decelerating at a faster pace than the market anticipated, along with weaker employment and industrial production f...

November 17, 2023
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Walmart earnings results announced

The world’s largest supermarket chain Walmart Inc. (NYSE: WMT) released third quarter earnings results before the market opened in the US on Thursday. Walmart beat Wall Street estimates for both revenue and earnings per share (EPS). Company overview Founded: July 2, 1962 Headquarters: Bentonville, Arkansas, United States Number of e...

November 17, 2023
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