Market Analysis

GS Shares Tank on Q4 Results Shares in Goldman Sachs are on the backfoot today following heavy losses yesterday amidst a weaker-than-expected set of Q4 earnings. On the back of solid results from JPM and Citi last week, investors were hoping for a similar display from Goldman. However, with EPS coming in at $3.32 vs […]

Key US Data Up Next Today sees a double whammy for US data with both December PPI and Retail Sales due. On the back of weaker-than-forecast US inflation, today’s data is drawing more attention-than-usual. USD has been in decline since those Dec CPI figures were released with traders now anticipating a further pivot from the […]

On Wednesday, the BTC is balancing near 21,278 USD. The bullish mood is still raging over the market, so the pause in buying is is no way suspicious. The buyers are heading for 22,000 USD. The resistance area is between 21,500-22,500 USD. On the whole, the situation is quite benevolent to those who support crypto. […]

The British Pound against the US dollar on Wednesday is ready to keep growing. The current quote is 1.2286 So, Britain presented the first block of interesting macro statistics. The unemployment rate in November did not change, remaining at 3.7%. The number of unemployment claims in December increased to 19.7 thousand from 16.1 thousand. Average […]

BOJ Holds Steady Traders were treated to some late New Year fireworks overnight as the Japanese Yen collapsed across the board in reaction to the latest BOJ meeting. Ahead of the January monetary policy meeting, traders had been increasingly expectant that the BOJ would signal a shift in policy. With the bank having recently lifted […]

Daily Market Outlook, January 18, 2023 BoJ Double Down or Bust The Bank of Japan has once again remained anchored to their easy monetary stance, frustrating bond traders who had been poised to profit from an about turn in Yield Curve Control policy, the Japanese Yen shed 2% as the Nikkei ascended by a similar […]

Equities Hold Onto Early 2023 Gains A mixed start for equities markets on Tuesday on the back of the latest Chinese economic data seen overnight. Q4 China GDP was seen slowing to 2.9%, well below the Chinese government’s 5.5% target. However, the result was above the market’s 1.6% consensus forecast and shows that while activity […]

On Tuesday, the British pound against the US dollar remains neutral. The current quote is 1.2194. This week, Great Britain will be very active on the macroeconomic calendar. And the news can make the pound nervous. For example, today the employment market statistics for December are due. Both the number of unemployed and average wage […]

The Australian dollar against the US dollar is eager to grow. The current quote is 0.6970. Aussie got support from Chinese statistics. China is the key trade and economic partner of Australia, hence, its statistics are extremely important for the Green continent. So, the Chinese GDP in Q4, 2022 grew by 2.9% y/y, while the […]

 BTC Rebound Underway Following heavy losses over 2022, Bitcoin is starting the year in a much more encouraging manner. The leading crypto asset has recorded a roughly 30% rally over initial 2023 trading, taking price back up to levels last seen in September 2022. The main driver behind the move appears to be the shift […]

Goldman To Follow JPM & Citi? Shares in US banking giant Goldman Sachs are trading higher ahead of the open today as traders brace for the group’s Q4 earnings. A slew of strong earnings from leading financials on Friday has helped stoke sentiment ahead of the release. In terms of the numbers, Wall Street is […]

AUDUSD, “Australian Dollar vs US Dollar” On H4, the quotes are above the 200-day Moving Average, which implies prevalence of an uptrend. The RSI is testing the support level. A test of 7/8 (0.7019) should be expected, followed by growth to the resistance level of 8/8 (0.7080). The scenario can be cancelled by a downward […]