NASDAQ:GOOGL parent company Alphabet is set to report its Q3 earnings with analysts expecting an upbeat report from the tech company. The internet search giant is expected to see its EPS jump by 37% to $1.46 while gross earnings for Q3 are expected to rise by 10% to $ 76 billion. Analysts are forecasting a rebound in the Ad business revenue with YouTube...
Amazon report their latest earnings next week, with markets looking for fresh insights into US consumption in the face of elevated interest rates. Three months ago, the tech giant managed to blast through estimates, driving earnings per shares into the highest level in six-quarters. That raises question marks over the ability to maintain the upward trajectory as...
Big oil is a major theme for traders next week, with giants ExxonMobil and Chevron both reporting. From a sector perspective, energy names are expected to report the biggest drop in annual earnings (-37%). However, the quarterly picture looks to provide a more positive shift according to ExxonMobil estimates, with earnings per share expected to reverse upwards...
The Australian dollar has been on the front-foot in the wake of the RBA meeting minutes, with markets reacting to their data dependent outlook. However, that risk-on rebound for AUDUSD may be short-lived given the ongoing concern within markets that have benefitted the US dollar. Yesterday's retail sales reading brought continued confidence of strong consumption...
There has been a surge in the demand for TVC:GOLD due to the renewed tension in the Middle East. As investors seek a haven for their assets, the price of the yellow metal has increased by over 1% leading up to the New York trading session. With a clear break away from a descending channel, the bulls will feed on further geopolitical tension to override the...
The Euro looked recharged after the data surprise from China stalled the US dollar advance. On Tuesday, the dollar gained on the back of upbeat retail sales data which re-echoed the higher rates for a longer period back into the market. However, things took a different turn earlier today after better-than-expected growth data from China dampened the US dollar's...
The Australian dollar has enjoyed a boost today, following on from the RBA meeting minutes released overnight. While the last meeting had seen new Governor tout a remarkably similar line to her predecessor, these minutes highlighted a willingness to act again if necessary. That data dependency should bring greater sensitivity to future data out of Australia....
The antipodean currencies have enjoyed a period of relative strength of late, with Chinese concerns easing and a number of key commodities gaining ground. However, when comparing both the Australian Dollar to the Kiwi, we can see that the recent trend has generally favoured the latter. Looking at the wider AUDNZD chart, price has declined into an ascending...
Natural gas prices across the US and Europe surged into multi-month highs this month, as the attack of Israel suddenly brought huge concerns around a Middle Eastern conflict that could have huge implications for trade and energy security going forward. Qatar is one of the main nations who could have significant influence over the coming weeks, with the country...
The US dollar has been struggling since Wednesday's FOMC meeting, where the Fed made it clear that they plan to keep their restrictive monetary policy in place for a longer duration. As a result, the US dollar has been steadily declining over the past week and is now dependent on the upcoming US CPI report for any signs of recovery. Analysts predict that the...
The US Dollar has weakened in the lead-up to Friday's jobs report, following a drop in private-sector hiring that was reported on Wednesday. The TVC:DXY failed to recover after making contact with the resistance area of the ascending channel, and it has lost over 0.40%. It is now heading towards the support area of the channel, setting up an exciting scenario...
Speculation of government intervention has caused a shock in the market for the Japanese Yen. The Yen experienced a significant surge against other major currencies, leading to a sharp spike in price. Unconfirmed reports have indicated that the Japanese authorities may have intervened. The BOJ's ultra-loose monetary policy approach has kept the Yen on the back...
Gold prices may have the potential for a final surge, with bids potentially lingering around the 1805.00 price level, which was the low of February. The value of the yellow metal has been on a decline as the US dollar, supported by strong economic data, continues to attract investors. Despite the Federal Reserve's restrictive monetary policy approach, the JOLTS...
The Australian dollar has taken a hit after the Reserve Bank of Australia announced that it would be leaving interest rates unchanged at 4.1%. The bank also warned that further tightening might be necessary due to high levels of inflation. As a result, AUDUSD fell below the 0.6330 support level, exposing the 0.6270 price area. This drop comes after the currency...
TVC:GOLD prices turned south after the Federal Reserve kept its interest rate unchanged at 5.50% with the intent of keeping rates higher for longer. Prior to the event, Gold took advantage of the US dollar with the price rising toward $1946 as rate pause sentiments filtered into the market. However, the bears swung into action, forcing the price to close below...
As the attention shifts to the Fed event with analysts expecting a hawkish hold by the central bank, the OANDA:EURUSD can be seen printing out a Head and Shoulder pattern with the bears swinging in at the right shoulder. The Euro has been on a slide following last week’s dovish hike by the ECB as the eurozone remains plagued by stagflation. A clear sell signal...
The British Pound weakened further against the US dollar as the latest inflation reports dampened sentiments ahead of the BoE rate decision. Details of the report showed annual CPI eased to 6.7% from 6.8% while core CPI Y/Y eased to 6.2% from 6.9%. while this looks like a win in the battle to tame inflation, the uptick in PPI data could be a concern for the BOE as...
The US dollar fell across board after holding up gains for 9 straight weeks as investors remained cautious ahead of the Federal Reserve’s interest rate decision. Following the outcome of a series of major economic data, analysts are expecting the central bank to hold rates steady but maintain its hawkish narrative on inflation. The dollar index( TVC:DXY ) which...