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Market Analysis

Market Spotlight: Apple Shares Higher on Solid Q2 Earnings

Apple Rallies on Earnings BeatShares in US tech titan Apple are trading higher today on the back of a solid set of Q2 earnings yesterday. Apple reported earnings per share of $1.20, just above the...

Market Spotlight: US Stocks Rallying on Recession News?

US Enters Technical Recession Markets received news yesterday that the US has unofficially entered recession following adv Q2 GDP contracting, marking a second quarterly decline. Following Q1's 1.6%...

Market Spotlight: Nasdaq Opportunities Into Today's US Adv GDP

USD Adv GDP Up NextOn the back of last night’s very interesting FOMC, traders are now turning their attention to the next round of US data due today. Markets will get their first look at US GDP over...

Market Spotlight: Meta Platforms Reports First Quarterly Sales Decline

Shares in iconic US tech firm Metal Platforms Inc, led by Facebook founder Mark Zuckerberg, are trading lower ahead of the open today. The company was hit this week by a negative set of second quarter...

Market Spotlight: Walmart Shares Collapse on Profit Warning

Walmart Notes Consumer Spending ChangeShares in iconic US retailer Walmart cratered yesterday. The company’s stock plunged by over 7% at the open yesterday following a profit warning from the company...

Market Spotlight: AUDNZD To Break Higher?

AUDNZD Approaching Key LevelPriceaction in AUDNZD is looking interesting here. The pair has been trending higherwithin a broad bullish channel this year. Recently, the rally has stalled atthe 1.1166...

Market Spotlight: Twitter Stalled By Weaker Earnings

Twitter Lower Pre-MarketShares inUS social media giant Twitter are trading lower ahead of the open today. The company’sstock has been muted on the back of a set of weaker0than-expectde second...

Market Spotlight: AUDUSD Hits First Target

AUDUSD Breakout UnderwayThe AUDUSD long idea issued last week has now hit its first target at .6987. This is a key resistance level for the Aussie and price is looking laboured on this first test....

Market Spotlight: Trading The Gasoline Correction

Another Leg Lower for Gas? Followinga strong start to the year, gasoline futures have seen a sharp correction lowerover recent weeks. The market has shed around 30% from the early June highs,...