Trump’s Triumph, Gold’s Downfall?
Gold came under heavy bearish pressure and dropped toward $2,700 as markets reacted to Donald Trump’s victory in the presidential election. Although gold managed to erase a portion of its losses before the European session, it remains deep in negative territory, pressured by a 4% rise in the 10-year US yield. The dollar also appreciated […]
AUDJPY Analysis: 6 Nov 2024
AUD/JPY is trading in positive territory in Tuesday’s Asian session, up 0.22% on the day. The RBA decided to keep interest rates on hold at 4.35% at its November meeting on Tuesday. But US presidential election uncertainty could cap further upside for the cross. The AUD/JPY cross gained traction to near 100.40 during the Asian […]
Qualcomm Q4 Earnings Preview: Key Areas to Watch
Qualcomm is set to report their Q4 earnings on Wednesday November 6 after the closing bell. As Qualcomm prepares to release its Q4 FY2024 earnings, analysts are anticipating a strong performance driven by the company’s diversified revenue streams and strategic initiatives. WHAT SHOULD TRADERS FOCUS ON? When monitoring Qualcomm’s earnings, traders and investors should focus […]
How will the US Election Result Impact Markets?
U.S. elections are known for creating market volatility as investors react to policy uncertainties tied to each candidate’s platform and the broader economic landscape. Initially anticipated as a contest between Joe Biden and Donald Trump, the 2024 race took a turn with Biden’s withdrawal and endorsement of Kamala Harris as the Democratic nominee. While election […]
NFP Analysis: What to Expect
The US economy added 254,000 new jobs in September, according to the NFP report, while the unemployment rate was confirmed at 4.1%. Following the news, the US dollar first declined, but it soon recovered and recorded gains that day as speculative interest realized the economy was in far better shape than first thought. Market participants […]
Microsoft Earnings Preview: Azure and AI Spending in Focus
Microsoft is set to release its fiscal year 2025 Q1 earnings on Wednesday, October 30, after the closing bell, following last quarter’s dip in artificial intelligence sales. Key areas of focus will be Azure’s performance, especially in AI-driven cloud services, as investors and traders look for signs of growth. Analysts expect year-over-year revenue and earnings […]
US Economy on Track for Q3 Growth – GDP Data in Focus
With US GDP data scheduled on Wednesday, markets are forecasting a 3.2% annual growth rate for the world’s largest economy in Q3, up from 3% in Q2. The U.S. GDP report will be released on Wednesday October 30 at 17:30 Dubai Time. This acceleration suggests resilience despite the Fed’s long campaign of interest rate hikes, which […]
Alphabet Q3 Earnings: What to Expect
Alphabet Inc, Google’s parent company, reports their Q3 earnings results after the closing bell on Tuesday night, October 29, 2024. The tech giant is expected to report strong growth on top and bottom lines for the third quarter. GOOGL stock rose 2% on the day ahead of its upcoming earnings. WHAT SHOULD TRADERS BE FOCUSED ON? […]
USD Outperforms as Strong Data Drives Demand
US Dollar Rebound The USD has been outperforming the markets this week, bolstered by solid economic data that has boosted demand for the dollar against other major currencies. Despite the strong data, the USD remains close to its intraday low. Mixed Signals from PMI Data The latest flash S&P Global PMI report for October delivered […]
Can Tesla’s Earnings Fuel a Rebound for the Stock?
Tesla is set to release its Q3 earnings report after the closing bell today, shifting Wall Street’s focus from its autonomous taxi ambitions back to its primary automotive business. Despite the hype around self-driving taxis, most of Tesla’s revenue and profits still come from car sales, prompting analysts to watch for signs of growth […]