Cisco set to soar into year end
On Wednesday May 17 Cisco Systems will announce its latest earnings. Cisco’s primary business is in networking and telecommunication products and solutions. Its products include routers, switches, wireless access points, network security devices etc. Cisco has a diversified business portfolio,…
Home Depot earnings look out for May 16
Home Depot is a multinational corporation specialising in home improvement retail. It offers a wide range of products and services including tools, construction materials, appliances, fuel, and transportation rentals. As the largest home improvement retailer in the United States, Home…
Where now for the Dow ahead of US PPI?
JD.com sits in daily support
Event studies show GBP weakness on a BoE rate hike!
Short term interest rate markets are pricing in 84% chance of a 25bps rate hike from the BoE and another hike in the summer. The UK is fighting headline inflation still in the double digits and the core is at…
Gold to rise into the US CPI print?
On Wednesday May 10 we have US inflation data out and the market is at an interesting point right now. The USD has been weakening after the Federal Reserve meeting this week on expectations that the Fed has finished their…
Do event studies show gold primed for a breakout?
So, the Fed hiked by 25 bps as expected on Wednesday and also signalled a rate pause with a meeting by meeting basis on the future path of hikes. In the announcement accompanying the hike the central bank removed language…
Apple’s seasonals ahead of earnings
What will the S&P500 do when the Fed hikes?
Going into this Fed interest rate meeting market expectations are that the Fed will hike by 25bps. Short term interest rate markets are pricing in a 95% chance of a 25bps hike to 5.125%. However, the forward guidance is going…