Facebook’s transition into Meta Platforms (NASDAQ:FB) and Mark Zuckerberg’s big push into the metaverse — the concept of a shared 3D virtual platform where people can socialize, work, and play — spurred a sector-wide move by tech companies to branch out into other areas like gaming.
The burgeoning gaming industry has transformed into a $198.4 billion sector in...
Rivian Automotive (NASDAQ: RIVN), the budding electric vehicle maker, initially bank-rolled by the likes of Ford (NYSE: F) and Amazon (NASDAQ: AMZN), is currently trading 80% lower than its peak since listing on the Nasdaq stock exchange.
Bear in mind that Rivian was listed on the Nasdaq in November 2021, when you had to be very unlucky not to make money in the...
The US Federal Reserve kicked off its Federal Open Market Committee (FOMC) meeting on Tuesday, with the markets widely anticipating a 25 basis-point hike in what would be the first interest rate increase since 2018.
Fed Chair Jerome Powell had earlier raised the prospect of a 25bp hike, telling a House financial services committee hearing two weeks ago that he is...
The worsening oil supply shortage in the wake of the Russian invasion of Ukraine has sent pump prices to record highs in recent weeks, sparking fears of a catastrophic global oil crisis and soaring inflation.
Despite these concerns, the Organization of Petroleum Exporting Countries (OPEC) and other non-OPEC oil-exporting nations, a global oil cartel known as...
Allbirds (NASDAQ: BIRD), the New Zealand footwear company, was listed on the Nasdaq in November 2021 at a starting price of US $21.21 and found a range between US $20 and $30 for one month.
Its mission to create the world's first carbon-neutral shoe brand appealed to investors, perhaps those of the ESG persuasion, who have pushed a record US $650 billion of funds...
Fears of the impact of Russia-Ukraine war on global inflation and recession have escalated in recent weeks and another major issue looming over the horizon are concerns that the conflict could result in a hunger crisis as both countries account for over a quarter of the world’s wheat exports.
Wheat prices recently surged to a 14-year high, with the price of a...
The looming collapse of China Evergrande Group (HKG:3333), the world’s most indebted property developer, has roiled financial markets for months, threatening a contagion with far-reaching implications on China and the wider economy.
In the early months since Evergrande’s financial crisis came to light, Beijing stayed mum on the issue, although the People’s Bank...
Block Inc (NYSE: SQ), the point-of-sale payment provider formerly known as Square, is reporting its Q4 2022 earnings this Thursday, February 24.
What to expect with SQ stock earnings report?
The usual market dynamic of ‘good report = stock price rise’ and ‘bad report = stock price fall’ may not be entirely appropriate to expect after the report’s release.
As we...
Several equities have reacted sharply to the suggestion that Russia is de-escalating its presence on the Russia/Ukraine border.
As reported by Reuters, Russia has begun to move an undisclosed number of its troops away from the Ukrainian border after completing mock defence exercises. Even so, tensions have not entirely dissipated. NATO, US, and UK officials...
*Please note; The author is working from UTC +13 when determining the timeline of data releases.
Will inflation peak this week?
14 Feb – 19 Feb, 2022
Six significant inflation rate figures will keep investors on their toes almost every day of this week, with the most important data concentrated on Wednesday trading.
Bear in mind the expectations for most of...
Gold and silver may be looking to make some big moves at the end of this week, as the heavyweight of inflation data is released.
US inflation is released on Thursday, and investors will immediately be trying to determine what the results and the subsequent commentary from Fed officials could mean for gold and silver.
As it stands, the market is expecting US...
US inflation is released on Thursday, and investors will immediately be trying to determine what the results and the subsequent commentary from Fed officials could mean for gold and silver .
As it stands, the market is expecting US inflation (YoY to January) to be 7.3%, and for the US Federal Reserve to strongly signal a rate hike of 0.25% in its next meeting, to...
Gold and silver may be looking to make some big moves at the end of this week, as the heavyweight of inflation data is released.
US inflation is released on Thursday, and investors will immediately be trying to determine what the results and the subsequent commentary from Fed officials could mean for gold and silver.
As it stands, the market is expecting US...
The AUDUSD is up three consecutive days and is eyeing to make this four.
Risk sentiment improving is on the side of the AUD, but some strong technical indicators will be watched by traders over the trading day. Support levels have lined up nicely with some psychologically levels, which may determine some short term trends in the pair.
On the fundamental side,...
Can traders trust inflation data forecasts this week?
07 Feb – 12 Feb, 2022
This week’s trading takes place in the shadow of last week’s Non-farm Payrolls number, out-doing analysts’ expectations by a considerable margin. Non-farm Payrolls recorded 467K jobs added to the US economy in January vs an expected 150K gain. Investors will be cautious of this week’s...
Netflix (NASDAQ: NFLX) shares have tumbled 30% YTD, similar to its tech brethren, who have by-in-large, been facing huge downward pressure. For interest sake, NFLX was down 37% from its all-time high in November 2021.
Two major events have eaten into the gains that NFLX made in 2021. The first is investor confidence waning in growth stocks in the face of looming...
This week’s 3 events will concentrate on US employment numbers. The released figures could bolster or work against the strength found in the USD since the beginning of the year. For instance, the NZD and EUR have quickly dropped in value against the USD and are currently at a multi-month low against the greenback. Depending on this week’s numbers, the GBP, CAD,...
What 3 Events Will Traders Be Watching This Week? 24 Jan – 29 Jan, 2022
Tuesday, January 25:
NAB Business Confidence
NAB Business Confidence from Australia hits the market early afternoon on Tuesday.
The Index may rebound after November’s sharp drop, where it fell to 12 points from 20 points in the previous report. Several factors have recently occurred that...
