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...
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...
What 3 Events Will Traders Be Watching This Week?
17 Jan – 21 Jan, 2022
Monday, January 17:
YoY China Retail Sales Dec
Year over year Retail Sales in China is predicted to slow in December 2021’s reading from 3.9% to 3.7%.
The Offshore Yuan has eyed a sub-6.34000 value against the USD since December 2021 but hasn’t held the nerve to stay this low for...
The index that measures the strength of the JPY against a basket of other currencies (JXY) is down approximately 9.5% year-to-date.
At the time of writing, the index is valued at 87.97, after spending the past month climbing up from its yearly low of 86.60. Not only was 86.60 a yearly low, but also a four and a half year low (last seen in March 2017) for the...
China Evergrande, the second-largest real estate developer in China, has been narrowly dodging default for months. The Company has more than US $300 billion in debt that, as it warned the market back in September, it believed would be difficult for it to service. (As an aside, it is believed that China Evergrande could have an additional US $150 billion in debt,...
The Bank of England (BoE) has a difficult decision ahead of it. Next week, on December 16, 2021, it must release its decision regarding its benchmark interest rate.
The two options on the table are for the Bank to increase its interest rate or leave it as is.
Why is the BoE interest rate decision on a knife’s edge?
Inflation in the UK is at a 10-year...
*Please note; The author is working from UTC +13 when determining the timeline of data releases.
Monday, December 06:
Factory Orders from Germany for the Month of October is the first significant piece of data for the week. The market is expecting a 0.5% decline MoM, in factory orders. The EUR may come under pressure when this data reaches the market,...
