Professional
Open account Try free demo
Call: +357 25023910 Mail: [email protected]
Login Open CFD account
Login Open CFD account
Professional
Login Open CFD account

Articles

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

Try free demo Open account

Articles

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

Try free demo Open account
XAUUSD, GBPUSD, EURUSD Analysis 13-17 March 2023

XAUUSD Analysis 13-17 March 2023 The gold price outlook remains positive in the short and medium term. As the price of gold rested above the 1800 support level before making a strong rally and breaking above the 1880 level as a result of the increased demand for gold as a safe haven over the weekend. come After the collapse of Silicon Valley...

March 15, 2023
Read More >
US equities whipsaw on CPI, S&P downgrade – Oil and BTC at critical levels

We had roller coaster of a ride on US markets in Tuesdays session, US markets initially moved higher on a CPI figure that came in line with expectations taking a little bit of pressure off the fed and no more news of banks going bust. The punchbowl was taken away later in the session though as news of a US drone and Russian jet colliding paired ...

March 15, 2023
Read More >
How to trade the US Dollar Index

The US Dollar Index (DXY) is a popular tool used by forex traders to assess the value of the US dollar relative to a basket of other major currencies. The DXY is calculated using the weighted average of six major currencies: the euro, yen, pound sterling, Canadian dollar, Swedish krona, and Swiss franc. To use the DXY to trade forex, you can fol...

March 14, 2023
Read More >
Bank of Canada keeps interest rates at 4.50%

This week, the Bank of Canada (BoC) released its decision to hold interest rates at the current level of 4.50%. In the rate statement, the BoC indicated that inflation has eased to 5.9%, and the expectation for weaker economic growth and a moderation of wage growth could see inflation continue on its downward trajectory. The BoC highlighted that it...

March 10, 2023
Read More >
XAUUSD, GBPJPY, and GBPUSD Analysis

XAUUSD Analysis The gold price outlook remains positive in the short and medium term. Gold price has rested above support 1847 and support 1830 is the next support in case support breaks 1847 down, but if the price rises, resistance 1858 is a short-term target or High. The latest that the price has made And the next resistance at the price l...

March 7, 2023
Read More >
USDJPY – Bank of Japan Policy Decision & the 10-yr JGB Yield

The USDJPY had been trading steadily higher in February, from the 128.50 support level, up toward the 137 round number resistance level. This move was driven by a combination of fundamental reasons (strengthening of the DXY and overall weakness of the Japanese Yen) and technical setup (the golden cross, where the 50-period Moving Average crossed ov...

March 6, 2023
Read More >
AUD CPI eases but Interest Rates could continue rising

The Consumer Price Index (CPI) is an inflation indicator that is closely watched by the markets and policymakers as a gauge of economic fluctuation and price stability. Generally, central banks set and adjust their monetary policy mandate in order to achieve a target level of 2-3% which would allow for moderate growth in prices. As the major econom...

March 2, 2023
Read More >
Walmart Q4 and full-year results announced

Walmart Inc. (NYSE:WMT) announced Q4 and full-year financial results before the market open on Wall Street on Tuesday. World’s largest supermarket chain posted solid results for the quarter – beating both revenue and earnings per share (EPS) estimates. The company reported revenue of $164.048 billion (up by 7.3% year-over-year) vs. $159.7...

February 22, 2023
Read More >
RBNZ Cash Rate Decision Preview

The NZDUSD has been on a decline since the start of February 2023, with the price reversing strongly from the high of 0.6540 ending the previous week bouncing off the 200-day moving average and previous swing low price level of 0.6190. This week, we have the Reserve Bank of New Zealand (RBNZ) due to release their interest rate decision. Current ...

February 20, 2023
Read More >
Deere & Company tops estimates

American manufacturer of farm machinery and industrial equipment Deere & Company (NYSE:DE) announced the latest financial results for the quarter ending January 29, 2023, before the market open in the US on Friday. Revenue was reported at $12.652 billion for the quarter (up by 32% year-over-year) vs. $11.337 billion expected. Earnings per...

February 18, 2023
Read More >
Why did the CBA share price sink 5%?

Australia’s biggest lender has suffered a dropped in price the last few days. Shares in the bank fell as much as 5.7% in early trading in Sydney while the broader market (.AXJO) fell 1.0%, amid concerns of a weaker mortgage business in the high interest rate environment and the bank's lending margins peaking. Key points Brokers thin...

February 17, 2023
Read More >
Strong breakout potential on the EURJPY

The EURJPY has been trading under the 142.70 resistance area since the end of December 2022. With the price failing to break through over several occasions, the recent weakness in the Japanese Yen has seen the EURJPY trade beyond the resistance level, signaling the potential for a significant move to the upside. The recent weakness in the Japane...

February 17, 2023
Read More >
Cisco results announced – the stock gains

US telecommunications giant Cisco Systems Inc. (NASDAQ:CSCO) announced the latest earnings results for the fiscal Q2 ending January 28, 2023, after market close in the US on Wednesday. Cisco beat revenue and earnings per share estimates for the quarter, sending the stock higher. The company reported revenue of $13.592 billion (up by 7% year-o...

February 17, 2023
Read More >
US Dollar Index technical and fundamental analysis

US Dollar Index Fundamental Analysis A hard-fought tug-of-war between bulls and bears played out on the DXY Index after U.S. inflation data crossed the wires. A knee-jerk reaction caused the greenback to plunge, but eventually it was able to recover and move into positive territory due to higher Treasury yields (DXY +0.10% to 103.41). However...

February 16, 2023
Read More >
Barrick Gold Q4 results beat estimates

Barrick Gold Corporation (NYSE:GOLD) released the latest financial results for Q4 2022 on Wednesday. The Canadian mining company beat both revenue and earnings per share (EPS) for a second consecutive quarter. Barrick Gold reported revenue of $2.726 billion for the quarter vs. $2.674 billion expected. EPS reported at $0.128 per share vs. $...

February 16, 2023
Read More >