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Rising Costs Hurt Profits Shares in UK beverage maker Fevertree are bouncing back today after a more than 15% plunge from yesterday’s closing price. The company, famous for making tonic mixers, issued a profit warning ahead of its upcoming earnings report in March. Fevertree warned that profits for 2023 would likely be lower as a […]

5 Reasons Why You Need To Stick To Your Trading Plan Only when success in the market is followed by a carefully thought-out strategy is it repeatable and long-lasting and a trading plan describes this procedure. How essential a trading strategy is to achieving consistent long-term market success is seen below. Why You Need To […]

US GDP Up Next Looking ahead to today’s US session, the key events will be the release of advanced US GDP for Q4. The data is drawing a great deal of attention ahead of the first FOMC meeting of the year next week and should we see any surprise in the release, volatility can be […]

The price of Bitcoin remains at the broken level of 22000, trying to form a small spinning white candle. Given the previous formation of a long white candle, it is safe to assume that the pennant formation is about to happen soon. Bitcoin might potentially have to face resistance at the level of 25000. Gold […]

Daily Market Outlook, January 26, 2023  Asian Markets Back Online & In Buoyant Spirits With Hong Kong Scaling 7 Month Highs Asian markets are trading with a mixed tone, the standout exception is the Hong Kong market which has opened with a strong risk on posture, as the Hang Seng printed fresh seven month highs. […]

Currency markets continue to remain in a relative equilibrium with FX majors fluctuating in fairly narrow ranges. US broad equity indices also lack direction, the key benchmark of the market, S&P 500, after two mini-selloffs to 3900 and 3960 in January, remains tied to the level of 4000 points. Oil (WTI benchmark) has been rising […]