Microsoft shares have drifted lower since their last earnings report, despite beating on the headline print for both their EPS and revenue. If the slide in shares continues where will dip buyers step in? Around the $220 mark? One thing…
Walmart’s shares fell heavily on Tuesday this week after earnings showed that inflation is starting to impact Walmart’s operating costs. The company anticipate inflation impacting their 2023 EPS growth view. They revised it down to -1% from the previous projection…
When Elon Musk announced that the twitter deal was on ice share prices started to tumble back down towards key daily support at 32.00. Elon Musk’s concerns was over how many of Twitter’s accounts were so called ‘spam accounts’ However,…
Is this the right time now for USD/JPY falls? The pronounced weakness in the JPY has been getting more and more attention from the BoJ. On April 18 BoJ’s Kuroda said that the BoJ is keeping an eye on the…
When Netflix announced its earnings in April it sent shares plummeting lower. Netflix announced a drop in subscribers for the first time in a decade. Furthermore, they also reported that they were expecting a further fall of 2 million subscribers…
The USD has a period of seasonal weakness around the start of June. Over the last 10 years it has fallen 7 times between May 31 and June 10. The average fall has been -0.93% and the maximum fall has…
The USDJPY pair shows seasonal weakness between now and August with an average fall of -1.36%. The USD has found significant buying since the start of the year due to expectations that the Fed will rapidly hike interest rates in…
One of the key data points for US policy is set to be released on Wednesday 11 may at 13:30. That is the US inflation data. The headline is expected to come in at 8.1% y/y and the core reading…
Last week President Biden announced a plan to buy 60mln barrels of crude oil as the first step in a years long process aimed at replenishing America’s shrinking emergency oil reserves. This immediately sent crude prices higher. This is meant…
The Federal Reserve are on a rate hiking cycle and the increase in interest rates can help financial companies that charge interest rates on loans. The higher interest rate charges can result in higher profit margins for the companies on…
