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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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EUR continues to tumble as energy crisis worsens

The Euro has fallen to 20-year lows as it deals with increasing energy prices and increased bond yields as recession fears rise again. Across both the UK and Europe inflation has been especially high even compared other countries such as Australia and the USA and in response, the EUR has taken a large hit. The recent spike in energy prices has brou...

August 23, 2022
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Zoom reports Q2 results – the stock dips

Zoom Video Communications Inc. (ZM) reported its latest financial results after the market close on Wall Street on Monday. The US communications technology company reported revenue of $1.10 billion for the second quarter (up by 8% year-over-year), falling short of $1.117 billion expected. Earnings per share reported at $1.05 per share vs. $0....

August 23, 2022
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Qantas outlook report

      Overview   Qantas is Australia’s national carrier and the largest and oldest airline in the country. With the Qantas group comprising of Jetstar, Qantas, QantasLink, its frequent flyer service and a freight service, the airline is the sector leader domestically and a global competitor in the international aviatio...

August 19, 2022
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AUD drops on Employment Figures

The Aussie Dollar has seen a drop in its price due to wage and unemployment data released over the past day and a half. The economic data shows that unemployment has fallen to its lowest level in nearly 50 years with the jobless rate at 3.4% compared to analysts expecting the figure to remain at 3.5%. Wages also rose modestly in the last quarter to...

August 18, 2022
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Target falls short in Q2 – the stock is down

Target Corporation (TGT) reported its second quarter earnings results before the opening bell on Wall Street on Wednesday. The US retailer reported revenue of $26.037 billion (up 3.5% year-over-year), which was slightly above analyst estimate of $26.032 billion. Earnings per share reported at $0.39 per share (down 89.2% year-over-year) vs. $0...

August 18, 2022
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Walmart tops expectations for Q2 – the stock is up

Walmart tops expectations for Q2 – the stock is up Walmart Inc. (WMT) announced its Q2 financial results before the market open on Wall Street on Tuesday. World’s largest supermarket chain reported results that exceeded analyst expectations, sending the stock price higher. The company reported revenue of $152.859 billion (up by 8.4% ye...

August 17, 2022
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Oil continues its sell-off as it drops after weaker Chinese and US economic figures

Oil has continued its tumble from its March 2022 high of $131 per barrel down to $82 a barrel. The drop has been in response to weak economic figures from China and the USA which has added to the recessionary anxiety gripping the market. Furthermore, as Iran edges closer to a nuclear deal, the removal of economic sanctions on the country may be ...

August 16, 2022
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Li Auto Q2 results are here

Li Auto Inc. (LI) reported its unaudited second quarter financial results on Monday. The Chinese automaker fell short of analyst estimates for the quarter. World’s 16th largest automaker reported revenue of $1.207 billion vs. $1.416 billion expected. The company reported a loss per share of -$0.04 for the quarter vs. -$0.02 loss per share ...

August 16, 2022
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USDJPY provides potential trade after holding a key Fibonacci level

The USDJPY has been in an extremely strong upward trend since September 2021. This pair's recent price action has also been charactarised by relatively weak retracements as it has trended higher. Inflationary pressures have acted as a strong catalyst for the USD against most other currencies further aided by the Federal Reserve taking a strong stan...

August 12, 2022
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Buying opportunity on the GBPAUD

Buying opportunity on the GBPAUD   A short/medium term trading opportunity has arisen on the GBPAUD. The Pound has been weakening after the Bank of England came out last week and forecast that the economy would fall into a 15 month recession later this year. Whilst the bearish sentiment was somewhat of shock it was not totally unexpected...

August 12, 2022
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Rivian Q2 results have arrived

Rivian Automotive Inc. (RIVN) announced its Q2 financial results after the closing bell in the US on Thursday. The American automaker reported revenue of $364 million vs. estimate of $335.378 million. The company reported a loss per share of -$1.62 per share vs. -$1.63 per share expected. ”The second quarter of 2022 represented important...

August 12, 2022
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Disney company tops Wall Street estimates

The Walt Disney Company (DIS) reported the latest financial results for its third fiscal quarter after the closing bell on Wednesday. World’s largest entertainment company reported revenue of $21.504 billion for the quarter (up 26% year-over-year), topping Wall Street forecast of $20.994 billion. Earnings per share reported at $1.09 per sha...

August 11, 2022
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Coinbase reports disappointing results for Q2 – the stock is falling

Coinbase Global Inc. (COIN) released its financial results for Q2 after the market close in the US on Tuesday. The company reported revenue that fell short of Wall Street expectations at $808.325 million for Q2 vs. $873.82 million expected. Coinbase reported a loss per share of -$4.98 per share vs. -$2.47 loss per share expected. ''Q2 was ...

August 10, 2022
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Bitcoin showing signs of a reversal.

    Bitcoin has seen a large tumble in its price since it reached its peak of $70,000, however there are signs that the price may be ready to break out of its downtrend.   Background With rising inflation and a tense geopolitical climate, growth equities and risk assets have felt the pinch and Bitcoin has been right in the...

August 9, 2022
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Oil Companies Record Profits in question

In a time when you consumers could potentially be feeling domestic budgets tighten up, by the result of surging high inflation and rise in prices of commodities, you would be forgiven to be receiving the news that some of the biggest oil companies in the world, have acquired record profits with some skepticism, you would even question if these ...

August 9, 2022
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