Is Intel set to break out of sideways range?
Intel’s share prices have been losing out to red hot gains in Nvidia. According to Bloomberg Intel’s sales are projected to end 2024 with $20 billion less revenue than it had in 2021.
Trading Ideas
Dive into daily market insights and trading opportunities in equity, forex, and commodity markets with our esteemed analyst Giles Coghlan. 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.
July 01 and the day of Q3!
Stock markets often exhibit a phenomenon known as the "turn of the month effect," where returns tend to be higher around the turn of the month compared to other periods. The first few days of the third quarter (Q3) often see increased market activity too.
Seasonax’s screener function highlights Visa, Coke, and JPMorgan for 90%+ seasonal gains
Seasonax’s screener function is great for highlighting interesting seasonal patterns ahead. By screening the Dow Jones Industrial Average from June 17 over the next 31-60 days we can see that there are number of stocks returned.
GameStop hits the Headlines again as weak Seasonals loom
GameStop shares have hit the headlines again as GameStop options had their most active session since 2021 on Friday of last week. The shares saw heavy volatility last week as the famous meme stock influencer, Keith Gill, released an enigmatic post on twitter.
What seasonal clues do we see ahead of the US CPI print?
On Wednesday the US CPI data is released. The EURUSD has been weighed down this week on the strong NFP print from Friday, with the headline jobs number coming in above the 12 month average, and the weekend results from the European Parliamentary elections.
Will the Nasdaq rise into the Fed meeting on Wednesday?
The Nasdaq is know for its sensitivity to Fed interest rates. The growth orientated stocks in the Nasdaq often rely heavily on borrowing to finance their operations and higher interest rates can make their margins tighter.Â
All eyes on US labour data after softer US inflation print last Friday
On Friday the latest jobs data will be released for the US and it will be in major focus. Remember, the Fed has a twin mandate: to achieve maximum employment and keep prices stable. So, with inflation moving in the right direction with the latest PCE print.
Summer dollar downside beckons and seasonals look to lend a hand
The DXY has a period of seasonal weakness ahead and the recent inflation data out of the US has been supportive for those looking for dollar weakness. The latest US PCE print came in fractionally lower than expectations for the month over month reading at 0.2% vs 0.3% expected.
OPEC+ and Oil’s Seasonals: What you need to know!
The reason is that the meeting also includes news that production will be gradually increased from Oct 2024 (depending on market conditions). So, the two way news is mirrored by the two way seasonal pattern for oil.
The Euro’s strong around the turn of the month!
The EURUSD for example has an interesting event pattern around the start of June, which is also around the release of the Fed’s preferred measure of inflation, the PCE print at 13:30 UK time on Friday May 31.