Will the Fed sink the USDJPY?
Expectations are for the Fed to hike by 50bps at their meeting next week and then to signal another 50 bps hike. Jerome Powell has said that the neutral rates (at 2.4%) is the right level for rates by year…
Giles Coghlan
As a professional market analyst and commentator, Giles' goal is simple: to explain the current reason markets are moving the way they are so you that can make better trading decisions right now. His cutting-edge analysis has been featured in Reuters, Business Insider, WSJ, Financial Times Adviser, NBC, LBC Radio, CoinTelegraph, Guardian Observer, National Express, and numerous other prestigious financial outlets.
Terrific time for Tesla ahead?
Elon Musk is the charismatic CEO of Tesla and he has been sending out some mixed messages recently. Last Saturday Mr Musk tweeted that Tesla’s total workforce will increase over the next 12 months and the salaried levels would remain…
Apple M2 chip to life profits?
Apple has introduced its M2 silicon chip which has an 18% better performance than the previous M1 chip and it will be used in Mac computers. The new MacBook Pro will be $1299 and the new MacBook Air starts from…
Can oil make further gains in June?
Crude oil has gained to start the week as Saudi Arabia demonstrated its confidence in oil demand with a larger than expected price increase in Asia. Saudi Aramco increased its prices to Asia for July by raising its light crude…
Is now the time to buy EURGBP?
The ECB are due to meet this week on Thursday and the pressure is on the ECB to hike rates. Inflation data last week showed a headline print of 8.1% y/y over the 7.6% y/y expected which was at the…
Is Costco a recession buster?
During a recession investors often flock to sectors that are expected to perform well like those that sell consumer staples. When consumers sense a recession coming then they will cut back on discretionary spending in order to prioritise consumer staples.…
Did you miss Dell’s surge?
Last week Dell’s shares surged nearly 13% higher on May 27 as the company reported very strong demand for business PC’s and networking services. Sales climbed 16% to $26.1 billion in Q1 vs an expectation of $25 billion. The strong…
FOMC minutes to lift the S&P500?
The last FOMC minutes signal that the Fed will not stop hiking interest rates until inflation is firmly on the path to 2%. The Fed officials agree that they will need to raise interest rates by 50 bps at their…
ECB Hawkish shift to send the EURUSD pair higher?
The ECB has seen a series of hawkish comments from ECB board members over the last couple of weeks. It seems that Christine Lagarde now has the memo as on Monday this week she outlined that the ECB will be…
Seasonally CAD/JPY does well
The Canadian dollar has been benefitting from the surge higher in commodities, especially oil. Lack of investment in oil longer term, shrewd management during lockdowns of oil production levels from OPEC+, and supply shocks from Russia’s move into Ukraine has…