Market Spotlight: Tesla Earnings in Focus Today
Tesla Up NextAs US earnings season rolls on, focus today lands on Elon Musk and Tesla. On the back of Musk’s eventual takeover of Twitter, and all the controversy surrounding it, traders are keen to see how Musk’s primary business performed over the period. On the numbers front, Wall Street is looking for an EPS […]
BoC decides on interest rates, focus on US GDP Q4 2022 report
The Bank of Canada (BoC) interest rate decision will be in the spotlight later today, while investors and traders are eager to review the US Q4 2022 GDP preliminary report due to be published tomorrow. The Australian Bureau of Statistics (ABS) announced that CPI inflation hit a 32-year record high in the fourth quarter of […]
Focus on Australian CPI, Microsoft earnings report and ChatGPT
Asia-Pacific markets traded higher on Tuesday morning, with the Nikkei 225 rising 1.46% while the Japanese Yen gained 0.42% against the US dollar. Markets in China, Hong Kong, Taiwan, South Korea, Malaysia and Singapore are closed due to the Lunar New Year holiday. The euro hovered near a 9-month high against the US dollar, drawing […]
Nasdaq, S&P 500 Breakout with Earnings in Focus
Nasdaq, S&P 500 Talking Points: The Nasdaq and S&P 500 have both broken out to fresh monthly highs as earnings season heats up this week. Stocks broke out a couple of weeks ago after an abysmal PMI report and that bullish theme has largely continued since then. Markets are hopeful that slowing inflation and disappointing […]
Market Spotlight: State Street Earnings in Focus Today
State Street Up NextUS earnings season rolls on today with State Street among the big names reporting. On the back of mixed results from financial earlier in the week (Morgan Stanley beat estimates, Goldman Sachs missed estimates), traders will now be looking to see which side of the line State Street falls on. The bank […]
Market Spotlight: Goldman Earnings in Focus Today
Goldman To Follow JPM & Citi?Shares in US banking giant Goldman Sachs are trading higher ahead of the open today as traders brace for the group’s Q4 earnings. A slew of strong earnings from leading financials on Friday has helped stoke sentiment ahead of the release. In terms of the numbers, Wall Street is looking […]
Australian Dollar Buoyed by Sentiment as China Moves into Focus. Higher AUD/USD?
Australian Dollar, AUD/USD, US Dollar, Iron Ore, China, Japan PPI, USD/JPY – Talking Points The Australian Dollar found support while the US Dollar slid lower The markets are focussed on the China re-opening story but there might be hurdles If commodity prices keep going north, will AUD/USD benefit? Recommended by Daniel McCarthy Get Your Free […]
EUR/USD refreshes eight-month high above 1.0870 as risk profile soars, US PPI in focus
EUR/USD has refreshed its eight-month high above 1.0870 amid a positive risk-impulse. Volatility in the USD Index has escalated as the appeal for safe-haven assets has dropped. After slowing the extent of the interest rate hike to 50 bps, the Fed is expected to trim rate hike pace further to 25 bps. The EUR/USD pair […]
EUR/USD juggles below 1.0850 as focus shifts to US PPI and Retail Sales data
EUR/USD is oscillating below 1.0850 amid a holiday in the United States market. The US Dollar Index (DXY) is looking to drop below the immediate support of 101.75 amid an upbeat market mood. The release of the US PPI and Retail Sales will provide decisive moves in the asset ahead. The EUR/USD pair is struggling […]
S&P 500, Nasdaq 100 Latest – Focus Now Turns to US Earnings Season
S&P 500, Nasdaq 100 – Technical Forecasts and Analysis US earnings kick-off today with a cluster of high-importance bank releases. The S&P 500 is in the middle of a technical battle. The Nasdaq 100 outlook remains neutral for now. Recommended by Nick Cawley Download our new Q1 equities forecast CPI Breaking News: US Headline CPI […]