Articles
Bitcoin/USD – Technical Analysis
After Bitcoin reached its all time highs around $69,000USD per coin in November of 2021, it’s been downhill ever since. Currently sitting at roughly $20,080USD, it has dropped over 70% of its value in less than a year. Let’s break this down from a technical viewpoint, keeping it very simple with only a few lines. Not much else is needed....
US Dollar analysis – a technical perspective
The US Dollar Index has been on a bull run since January 2021, we can see a consistent uptrend, making higher highs breaking above and beyond the $103 dollar mark, which it hasn’t been above since December of 2002. Looking at the monthly timeframe for the US Dollar Index, we can see around January of 2021 was the beginning of the double bo...
US equities extend losses into month end on weak US job data and hot EZ inflation
All major US indices were down for a fourth straight session as hawkish rhetoric from Central bankers and persistent inflation continues to keep the markets well in risk off mode. Futures were pointing to a positive going into the session, but hot Eurozone inflation figures and a disappointing ADP employment figure saw markets turn around and se...
Opportunities await trading the JPY
With central banks aggressively hiking interest rates to combat inflation, one specific country stands alone in maintaining a dovish stance. The country is Japan, and the consequence of the Central Bank of Japan’s ultra-dovish policy has been a massive weakening of its currency. Against almost all other currencies the JPY has been depreciating ag...
What is Fundamental Analysis, News and Fundamental Trading?
Have you ever heard the saying, “70% of trading is in the head”? This is because the markets are mostly moved with sentiment, a good barometer to gauge is the Fear and Greed index, emotions trigger actions, there is a reason why there are sellers and buyers in the market at the same time, yes it can be attributed to the way people take in i...
Baidu beats Q2 estimates
Baidu Inc. (BIDU) reported its unaudited Q2 results on Tuesday. The Chinese technology company topped both revenue and earnings per share estimates for the quarter. Revenue reported at $4.424 billion for Q2 (down by 5% year-over-year) vs. $4.395 billion expected. Earnings per share at $2.36 per share for the quarter vs. $1.59 per share estima...
Is the price of wheat ready to bounce?
The price of wheat is finally starting to show positive signs after an aggressive sell off that has been ongoing since May 2022. There is hope that the price of the commodity may begin to climb again with the price finally finding some support. The price has been impacted by growing fears that production may slip may increasing volatili...
US stocks drop, yields rise as J-Hole hangover and a hawkish ECB weigh on markets.
US and European equities continued their decline after Fridays Jerome Powell inspired sell-off , though the pace was more moderate in a choppy, range bound session. The risk sensitive NASDAQ is down around 5% post the Fed chairs comments at the Jackson Hole symposium. All three major US indices found support at their 50 day moving average during...
Space X and T-Mobile Joint Enterprise
Space X – Space Exploration Technologies Corp. is an American spacecraft manufacturer, space launch provider, and a satellite communications corporation headquartered in Hawthorne, California. It was founded in 2002 by Elon Musk, with the goal of reducing space transportation costs to enable the colonization of Mars and T-Mobile – The Ameri...
The week ahead – NFP and European inflation figures in the spotlight.
Global equities took a battering last week, most of it in Fridays session after Fed Chair Jerome Powell re-iterated the Feds number one priority is taming inflation in a hawkish speech at the Jackson Hole symposium. This saw the Feds rate hike trajectory reprice sharply higher and seeing risk assets take a significant leg lower, the Nasdaq was hamm...
Jackson Hole Symposium set to get underway today
The Kansas City Federal Reserve is set to host the 45th Annual Symposium at Jackson Hole Lodge in Wyoming’s Grand Teton National Park. Some of the countries and world’s most important central bankers, economists, and academics will be meeting to discuss the biggest issues facing the global economy. The key issue on the agenda is of ...
How to develop a good training plan?
Trading FOREX, equities, commodities, and any other asset can be an emotional rollercoaster. With so many different emotions and external factors difficulties impacting a trade, it is crucial that before any trade is executed a trading plan is produced to minimise the impact of the ‘noise’. Generating the Idea ...
Salesforce financial results announced
Salesforce financial results announced Salesforce.com Inc. (CRM) reported its latest financial results for its fiscal second quarter on Wednesday. World’s leading customer relationship management (CRM) company reported revenue of $7.72 billion (up 22% year-over-year) vs. $7.692 billion expected. Earnings per share also topped analyst est...
Results are in – NVIDIA reports
Results are in – NVIDIA reports NVIDIA Corporation (NVDA) announced its second quarter results after the closing bell in the US on Wednesday. The US technology giant reported revenue that exceeded analyst expectations at $6.704 billion for the quarter vs. estimate of $6.699 billion. Earnings per share reported at $0.51 per share, narrowl...
Is there further pain in store for Bitcoin?
The recent price action of the Bitcoin suggests that the leading cryptocurrency may be ready for another sell off. Since last November when the currency peaked it has seen a sharp decline with retracements along the way. With inflation and recessionary pressures prevalent short-term volatility remains high as the market determines how to price the ...
