Last week, the semiconductor space flourished. AMD rose 14%, surpassing Nvidia's gains. With a painful 2022 behind them, AMD stocks are rebounding on signs that the Federal Reserve will ease its rate hikes and inflation numbers will give the company a boost later this year. With the much-awaited and cheaper AMD AM5 motherboard about to hit the shelves, sales are...
Amazon issued a weaker-than-expected forecast for 2023Q1. In January, Amazon began layoffs to the tune of 18,000 jobs—a sizable cost cut that will likely pump up net revenue for the next few reports and give shareholders a warm feeling. After Prime Video’s disastrous performance and insane production costs, the salary reduction is much needed to keep Amazon...
Big brand tech stock prices have been making a solid comeback in Q1 and traders are jumping on what they think is a digital money train heading for the hills. Apple's revenue dropped to a 7-year low last year, but AAPL gained 6.2% last week creating a new high for the year, despite production issues in China affecting all iPhone 14s. The gain is attributed to...
USD is in bullish momentum moving toward Resistance level at R18.3042 against the ZAR. The South Africa Rand (ZAR) has been under pressure following hawkish comments from the US Fed officials last week couple with hotter than expected US Producer Inflation figures (PPI) that were released on Thursday. Markets are now anticipating the US Fed to act more at its...
Home Depot, Inc. (The) (symbol ‘HD’) shares made around 13% in profits since the beginning of Q4 2022. The share price made a very strong bullish run and then entered a slightly bearish trading channel. The company’s earnings report for the fiscal quarter ending January 2023 is set to be released on Tuesday 21st of February, before market open. The consensus EPS...
When two hugely successful companies join forces, the initial market response is not always a bullish one, and traders who follow company mergers and takeovers know the only thing to count on is volatility. But what about the long run? Should traders buy in early and wait for the big picture to move the markets? What’s happened so far? Microsoft (MSFT) made...
Shares in Walmart Inc (symbol ‘WMT’) made a relatively aggressive rally in October and November only to lose some of these gains in December until early February. Currently the price seems to be making a correction to the upside but the real question is if this is actually a correction or a new bull run. The company’s earnings report for the fiscal quarter ending...
On Monday, the U.S. Department of Energy (DOE) announced that in an effort to keep the price of the “black gold” down they will be releasing around 26 million barrels from the SPR (Strategic Petroleum Reserve) ,which is already at its lowest level since December 1983, lifting some supply concerns from the market.. In a monthly report, the Organization of the...
The price of the “yellow metal” is at a 5-week low and trading just above the round number of $1,830 after U.S. consumer prices rose as per the market consensus in January, raising prospects that the Federal Reserve will continue to ease its aggressive monetary policy stance in the following meetings. The publication of the US CPI on Tuesday Feb. 14th created...
The picture on the chart of USDJPY is less negative in February so far compared to last quarter although this symbol’s reaction to the latest job report was significantly weaker compared to gold. Speculation on the new leadership of the Bank of Japan from April increased earlier this month, with news being reported yesterday that Kazuo Ueda is likely to be...
There seems to be some opportunity for gold to move lower if the release is higher than expected, not least because the uptrend that was in place from November of last year might be over. The price seems to have broken through the 50-day moving average from Bollinger Bands and ATR has increased in February so far. Gold’s negative reaction to the latest NFP was...
XAUUSD Price action suggests traders are anticipating the US CPI Data announcement. Gold (XAUUSD) is trading sideways between the 100 day moving average and the 25 Day moving average. Though the instrument has been under pressure, it has held above the $1833 key support level. Should this support level fail, $1801 will be the next level. The sentiment has been bearish.
Gold against the US dollar (symbol ‘XAUUSD’) was trading in a steady bullish momentum right up to the FED meeting on Feb. 1st. After the bull flag formation in early November, which is usually a continuation pattern in technical analysis, the price continued to rally up before declining after some positive news on the Dollar last week. ‘The price on the “yellow...
The price of Crude oil (symbol ‘USOIL’) traded in a relatively steady decline in the last 3 months while positive Dollar news from last week like the exponentially better than expected NFP figure of 517 thousand against a consensus of 185 thousand, better job openings and also decreased unemployment created losses for oil. Oil is on the move to regain some losses...
Cisco Systems, Inc. (symbol ‘CSCO’) made somewhat consistent profits throughout the last quarter of 2022 with some sideway movement on the share price in the last month and a half. The company’s earnings report for the fiscal quarter ending December 2022 is set to be released on Wednesday 15th of February, after market close. The consensus EPS for Q4 is $0.76...
Shares in Coca-Cola Company (The) (symbol ‘KO’) are still managing to remain in “profit regions” after a successful last quarter in 2022. The company is making gains of around 10% compared to the previous quarter. The company’s earnings report for the fiscal quarter ending December 2022 is set to be released on Tuesday 14th of February, before market open. The...
The bullish rally of the price on the daily fiber chart slowed down , after a very favorable week for the Dollar. Last week's NFP publication showed an increase of 517 thousand jobs against a market consensus of 185 thousand while the unemployment rate fell to 3.4% which is a 53 -year low. The non-manufacturing PMI rose by 6 points reaching 55.2 which indicates...
Price of gold declined in recent sessions after a stronger Dollar Index.The US Dollar Index (DXY) made gains in the last 5 sessions which is making gold more expensive for other currency holders. Even though some may say that the correction to the downside is only temporary, there is further downside risk for gold as surging momentum in the U.S. labor market...