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The Procter & Gamble Company (NYSE:PG) reported its latest financial results before the opening bell on Wednesday. The largest consumer goods company in the world topped both revenue and earnings per share (EPS) estimates for the quarter – sending the stock price higher at the open. Revenue reported at $20.612 billion (up by 1% year-over-year) vs. $20.33 billion expected.

EPS at $1.57 per share (down by 2% year-over-year) vs. $1.547 per share estimate. ''We delivered solid results in our first quarter of fiscal 2023 in a very difficult cost and operating environment,'' Jon Moeller, CEO of The Procter & Gamble Company said in a press release. ''These results enable us to maintain our guidance ranges for organic sales and EPS growth for the fiscal year despite continued significant headwinds. We remain committed to our integrated strategies of a focused product portfolio, superiority, productivity, constructive disruption and an agile and accountable organization structure. These strategies have enabled us to build and sustain strong momentum.

They remain the right strategies to navigate through the near-term challenges we’re facing and continue to deliver balanced growth and value creation,'' Moeller concluded. The stock was up by around 2% following the latest results, trading at $131.11 a share. Stock performance 1 month: -3.34% 3 months: -7.32% Year-to-date: -19.80% 1 year: -7.10% Procter & Gamble price targets Credit Suisse: $140 JP Morgan: $140 Raymond James: $155 Deutsche Bank: $155 Morgan Stanley: $160 Wells Fargo: $150 Barclays: $154 Truist Securities: $160 The Procter & Gamble Company is the 17 th largest company in the world with a market cap of $313.81 billion.

You can trade The Procter & Gamble Company (NYSE:PG) and many other stocks from the NYSE, NASDAQ, HKEX and the ASX with GO Markets as a Share CFD. Sources: The Procter & Gamble Company, TradingView, MetaTrader 5, Benzinga, CompaniesMarketCap

Gold has finally seen some respite in its price after it fell to 12-month lows. With slowing growth forecasts being a key reason as to the drop in price. Recessionary fears can sometimes be good for the price as volatility draws money to gold as it is seen as a haven.

However, with the USD being so strong and investors pulling their money away from Gold, the commodity has struggled to protect its value. The price has shown some interesting action in recent days. The weekly price was able to break through its long terms support at about $1690.

However, as this level was so significant, the price is now retesting zone. In addition, the price has bounced off the 200-week moving average. The 200-week moving average is often seen as an extremely strong support level and rarely gets broken without significant resistance and then combined with the support zone has proven difficult to break down through.

However, the price is no sure thing to continue to bounce. As seen on the chart, the price is also in a consistent downward channel and has so far failed to break through the top of the channel. The daily chart confirms the bounce and shows why the price may have found resistance.

This is because it is currently resting below the 50-day moving average which is acting as long-term resistance and has acted as resistance since May 2022. The question remains, will the price remain at its current level, push up or push down. As more economic data comes out and Central banks either double down on inflation or pivot towards easing interest rates which will hopefully provide some more clarity on which way the price may go.

At this stage it would be best to wait for a confirmation either to the downside or upside of the channel.

The EURAUD buoyed by a weaker Australian Dollar lighter lighter monetary policy from the Reserve Bank of Australia, (RBA) has seen the currency pair move with some momentum in recent days and weeks. The RBA came out in its most recent meeting and raised rates by an unexpectedly low 25 bps vs 50 bps. This helped equities and housing stability but pushed the AUD to very lows levels.

The Euro on the other hand has suffered with geopolitical conflicts and recessionary pressures that have hit major players in the Union. With Germany in particular suffering quite large inflationary issues putting severe pressure on the EUR. After to dipping to as low as 1.42 AUD in both April and August this year, the pair has been able to move back into the major range that the price has been holding since 2013, excluding the commencement of the pandemic.

Technical Analysis The weekly chart as discussed above highlight that this pair does not usually trend and if it does trend it tends not hold the trend for very long. Rather the price tends to hold a range with breaks of range usually the outcome of extreme economic events such as the GFC or the pandemic before retreating into the range. The weekly chart also indicates that the price may be ready to reverse back up as seen by the double bottom pattern that has formed.

The neckline needs to be broken by the price at 1.54 for the pattern to be confirmed. The question is whilst this price is showing signs of a reversal, the price is sitting just on a significant resistance area. The daily chart shows an interesting case for either a breakout or a breakdown.

Firstly, the price has so far not broken out completely and is still consolidating at the neckline. In addition, the price is overbought to a high level and on previous occasions when it was this overbought, it has fallen back down. However, it is possible that the RSI is also just consolidating and getting ready to breakout.

This chart needs a little bit more time to be sure of a direction, however a potential long target if it breaks out to the long side could be 1.60 and to the short side if it fails could be 1.42. With economic still to flow for both Australia and Europe the EURAUD is definitely one to keep an eye on.

Brexit 23rd June 2016 – the day the people of United Kingdom voted to leave the European Union, it’s a day which will go down in the history and will always be remembered. The margin by which people voted to leave was not big (51.9% voted to leave, 48.1% voted to stay) but it will undoubtedly continue to have a big impact on the United Kingdom, European Union and the global financial markets. What does it mean to the UK economy?

Many leading economists before the referendum had been predicting an instant and significant impact on the UK economy and consumer confidence should the country leave the European Union, but so far, these predictions have not been accurate. Latest figures show that UK gross domestic product (GDP) in volume terms was estimated to have increased by 0.7% between Quarter 3 (July to Sept) 2016 and Quarter 4 (Oct to Dec) 2016, revised up 0.1 percentage points from the preliminary estimate of GDP published on 26 January 2017. Upward revisions (due to later data received) within the manufacturing industries is the main reason (these revisions were first published as part of the Index of Production for December 2016 released on 10 February 2017).

UK GDP growth in Quarter 4 2016 saw a continuation of strong consumer spending which is in line with the Retail Sales Index for Quarter 4, which grew by 1.2% (published on 20 January 2017) and strong growth in the output of the services sector with a notable contribution in consumer-focused industries. In Quarter 4 2016, there has been a slowdown within business investment which fell by 1.0%, driven by subdued growth within the “ICT equipment and other machinery and equipment” assets. Quarterly growth and levels of GDP for the UK source: www.ons.gov.uk Currency The pound fell to a to a 31-year low and was on course for its biggest one-day loss in history on the day the people of Britain voted to leave the European Union in June and has been steadily falling against the dollar since the vote.

When Theresa May announced that the UK would begin formal Brexit negations by the end of March, it did not do much to alleviate the concerns of investors about a ‘hard’ Brexit, negatively impacting Sterling once more. But what is keeping the Pound low? It’s uncertainty, uncertainty of how Brexit will turn out.

A notable portion of participants in the Forex market is made up of speculators and the consensus outlook they hold for a currency sometimes has a significant impact on its overall value, regardless of the impact from companies and individuals looking to move money for practical purposes. GBP/USD since the Brexit vote source: www.tradingview.com It is hard to predict to how, when or if, pound sterling will recover but there are some key things to keep an eye out for. > There could be a strong positive movement for pound sterling if the United Kingdom get a favourable exit deal with the European Union. > The Bank of England is not likely going to cut interest rates any further in the near term or put more money in the economy and that will be viewed as signs of confidence in the UK and will most likely make the pound more attractive. > UK Economic data will continue to have a significant impact on Sterling. If enough data suggests that the United Kingdom is in a strong position going into Brexit, for example if companies are continuing to hire and invest in the British economy and not planning to relocate to other EU countries, we should see renewed optimism in Sterling.

Meanwhile, stock markets have been strong since the Brexit vote. The FTSE100 closed at a record high at the end of 2016, up 14.4% during the year. FTSE100 since the Brexit vote Source: www.tradingview.com Key dates this month worth noting in the diary: Tuesday March 7 Deadline to pass the Brexit Bill - The May government wants the Lords to approve the Brexit bill by Tuesday March 7.

It will then need royal assent to become law. Thursday March 9 and Friday March 10 EU Summit: Should the bill pass in time, British Prime Minister May could decide to trigger Article 50 in Brussels. Friday March 31 The Prime Minister has publicly said that she plans to trigger Article 50 by the end of March 2017.

Triggering Article 50 will be followed by the arduous two-year process of the UK's break up with the EU.

Tesla Inc. (NASDAQ: TSLA) reported its Q3 2022 delivery numbers on Sunday. World’s largest automaker delivered a total of 343,830 cars (up by 42.49% year-over-year) in the third quarter – setting a new quarterly record. The deliveries in Q3 consisted of: 18,672 Model S/X 325,158 Model 3/Y The automaker produced 365,923 vehicles in Q3. ''Historically, our delivery volumes have skewed towards the end of each quarter due to regional batch building of cars.

As our production volumes continue to grow, it is becoming increasingly challenging to secure vehicle transportation capacity and at a reasonable cost during these peak logistics weeks. In Q3, we began transitioning to a more even regional mix of vehicle builds each week, which led to an increase in cars in transit at the end of the quarter. These cars have been ordered and will be delivered to customers upon arrival at their destination,'' the company said in the press release.

Tesla will report its Q3 financial results after the closing bell on Wednesday, October 19, 2022. Tesla Inc. (NASDAQ: TSLA) chart Shares of Tesla were down by around 6% on Monday at $247.90 per share. Stock performance 1 month: -1.84% 3 month: +71% Year-to-date: -24.70% 1 year: +65% Tesla price targets JP Morgan: $153 Piper Sandler: $340 Deutsche Bank: $400 Wolfe Research: $360 Jefferies: $350 Morgan Stanley: $383 Wedbush: $360 Tesla is the 6 th largest company in the world and with a total market cap of $825.19 billion.

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The Reserve Bank of Australia, (RBA) has surprised much of the market by raising the country's cash rate by just 25 basis points. With analysts expecting a more aggressive 50 bps hike, the smaller lift will provide relief to much of the country's housing market and equity market. RBA, Chairman, Phillip Lowe outlined how previous rate rises had already begun struggling with the previous rate rises.

International volatility has also become much higher with retirement funds in the UK needing to be bailed out by the Bank of England after the funds found themselves inundated with the liquidity issues due to spikes in yield on many of the UK government bonds that they were holding. With the global financial system so interconnected there was a very real chance that a trillion dollars’ worth of bonds would be exposed without intervention effecting far more then just the UK’s financial system. In addition, worries over both Deutsche Bank and Credit Suisse also being in trouble with their risk of defaulting potentially increasing.

This had the RBA worried that the situation could turn very quickly in Australia and sparked the lower rate. With relatively low rates of inflation the RBA has had more flexibility to adjust the aggressiveness of its hikes as it has gone along and todays changes showed that. The bank still expects inflation for the year to be between 6-7 %.

In response to the hikes the AUD dropped sharply on the news falling by 0.52%. Australian equities saw a large jump increasing by 0.93% for the half an hour after the announcement. With inflation still at elevated levels, there is no guarantee that the lower rate hikes will continue.