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Electric Car Stocks on the Move
2020 was a good year for electric car space. We have seen shares of most electric car makers surge considerably and take steps to take the industry to the next level, most notably Tesla and NIO. Top 5 automakers by market cap* Tesla at $790.53...
Crude Oil – Saudi Production Cuts Spark Rally
USOIL- Hourly USOIL- It's been an impressive start to the year for Crude Oil prices so far, with prices steadily rising to over $50 per barrel and returning to pre-pandemic levels. It would seem many underestimated such a speedy recovery. Still, ...
Preview: Non-Farm Payroll Announcement
It’s a new month and a new year – which means the latest Non-Farm Payroll figures will be released this week by the US Bureau of Labor Statistics. The latest US jobs data will be released at 1:30 PM London time on Friday. It has been a turbule...
EURUSD – Goldman’s 1.28 Estimate Matches P&F Analysis
EURUSD- Point & Figure EURUSD- The overall weakness of the US Dollar continues to dominate much of the FX markets at this stage. Despite a slight uptick in USDJPY this afternoon, the longer-term picture is starting to suggest more of the same,...
Overnight on Wall Street: Wednesday 06 January 2021
Equity markets It was another mixed performance in the global stock market on Tuesday. European stocks were mostly under pressure while the US share market ended with modest gains ahead of the run-off elections results. In the European markets, whi...
COTD: PFE – A Booster Shot For Pfizer Shares?
Pfizer (PFE)- Daily PFIZER - Before Christmas, the pharmaceutical giant Pfizer drew much speculation in the market once it became the first company to develop an approved Covid-19 vaccination. We see this reflected in the bullish activity leading ...
Overnight on Wall Street: Tuesday 05 January 2021
Equity markets Global equities started the new year on a mixed note as investors digested the rising number of coronavirus cases in major economies, further social distancing measures and lockdowns, and the runoff elections in the US which will lik...
The pandemic year: investors navigating the new normal
2020 has brought a rapid and unpredicted change. The new decade started with talks about climate change, the shifting trading landscape and trade frictions, Brexit, and the rise of political populism but the dynamics quickly changed to an unparall...
CSL stops phase 2/3 COVID-19 vaccine trials: Australian Govt cancels order
CSL, a leading global biotech company headquartered in Melbourne announced its update on its COVID-19 vaccine developed in collaboration with the University of Queensland. The Company revealed while the Phase 1 trial “elicits a robust response�...
Landing soon – Airbnb IPO
Uber, the world’s largest taxi company, owns no vehicles. Facebook, the world’s most popular media owner, creates no content. Alibaba, the most valuable retailer, has no inventory. And Airbnb, the world’s largest accommodation provider, owns...
Consumer confidence at 10-year high
The Westpac-Melbourne Institute Index of Consumer Sentiment is lifted by 4.1% to 112 in December, reaching the highest level since 2010. The consumer confidence index hits a 10-year high indicating that sentiment has fully improved from the COVID r...
OPEC and allies reach a compromise
The oil industry has remained pressurized by a supply glut and the ongoing uncertainty on the demand outlook with respect to the structural changes in the energy market and the pandemic. The recent vaccine updates and hopes that the pandemic may so...
Preview: Non-Farm Payroll Announcement
It’s a new month - which means the latest Non-Farm Payroll figures will be released this week by the US Bureau of Labor Statistics. The latest US jobs data will be released at 1:30 PM London time on Friday. Why is the announcement important? N...
Australian economy bounces back from recession
The Australian economy experienced its first recession in almost three decades having contracted for two consecutive quarters. Back in June, the economy slumped by 7% and encountered the worst fall on record. As other global economies, Australia wa...
November: US Election mayhem, second wave of lockdowns, and promising vaccine updates
An election-driven month With just a few days to month's end, the dynamics driving markets have changed compared to a few weeks ago. Risk sentiment was sliding under the influence of politics, mostly by the uncertainty around the US Presidential El...