AMZN - Daily Amazon.com (AMZN) - As a retail conglomerate, it doesn't get much bigger than Amazon listed on the US Nasdaq exchange. Despite all the pandemic problems, AMZN found itself uniquely positioned to be one of the few companies able to maintain the status quo and even thrive amongst an already weakened retail sector. At the be...
Read MoreBy Deepta Bolaky @DeeptaGOMarkets Investors generally piled-up in the Gold and the US dollar as those assets are viewed as safe-haven during times of crisis or uncertainties- be it economical, political or policy uncertainties. 2020 has been a year of extreme uncertainty and volatility which saw the world battling an unprecedented and paralleled...
Read MoreBy Deepta Bolaky @DeeptaGOMarkets In a pandemic-induced environment, central banks and governments have absorbed all the shocks of the virus on the financial markets by injecting massive liquidity in the economy, keeping credit flowing and supporting the global economy with huge fiscal stimulus plans to manage an unparalleled health and economic...
Read MoreBy Deepta Bolaky @DeeptaGOMarkets After a solid debut on the Australian Securities Exchange (ASX) earlier this week, New Zealand buy now pay later company went on a volatile ride for its first week. Following the completion of an initial public offering (IPO) that raised A$80m at A$1.41/share with an indicative market capitalisation of A$246m un...
Read MoreBy Deepta Bolaky @DeeptaGOMarkets Prime Minister Shinzo Abe, Japan’s longest-serving prime minister officially resigned on Friday due to health issues after a few weeks of speculations. Amid a global pandemic, markets fret that his resignation may create a new period of political uncertainty for Japan. Since the announcement, a few ministers f...
Read MoreBy Deepta Bolaky @DeeptaGOMarkets Covid-19 Cases and Vaccine Optimism The virus continues to spread across the world, with more than 25 million confirmed cases of coronavirus and 840, 000 deaths. The United States remains the worst-affected countries followed by the Eastern Mediterranean region and European countries. After successfully containin...
Read MoreBy Deepta Bolaky @DeeptaGOMarkets Afterpay Ltd remains Australia’s favourite tech stock. The Buy Now Pay Later company is the best performing stock on the Australian share market and its share price has risen by a staggering 204% since the beginning of the year. Source: Bloomberg Afterpay is on a Roll! Investors digested a series of good new...
Read MoreBy Deepta Bolaky @DeeptaGOMarkets The annual Jackson Hole Economic Symposium rarely goes unnoticed as is an exclusive central bank conference which fosters open discussions about global policy matters. The economic event is sponsored by the Federal Reserve of Kansas City and is closely watched by market participants. The Symposium has the potent...
Read MoreAUDJPY - 4HR AUDJPY (4HR) Today we are looking at AUDJPY on the 4hr time frame. Despite a more robust Aussie Dollar recovery since March earlier in the year, there appear to be warning signs that this bullish move could run out of steam in the short to medium-term. Firstly, we can note the overall strength of the move higher by how well the pric...
Read MoreGBPUSD - Daily GBPUSD (Daily) For today's Chart of The Day, we are looking at Cable on the daily time frame. After several days of tight consolidation following an impulsive move higher, GBPUSD forms a bullish flag candle pattern and could be about to break higher. The impulsive move mentioned occurred last month in July when the price rose fr...
Read MoreEURCAD - Daily EURCAD (Daily) The price action for this minor pair on the daily time frame is exciting as it draws parallels to the story of Covid-19 in-terms of overall market direction and psychology. As the strength of the Euro traced the levels of fear and panic surrounding the pandemic thus far in 2020, it's developed into a classic U shape ...
Read MoreBy Deepta Bolaky @DeeptaGOMarkets Amid a muted economic calendar, the attention was mostly on the earnings reports as investors geared up to the busiest week of the Australian earnings season. We have updates from big retailers, iron-ore miners, major banks, and tech stocks. As of writing, Information Technology, Consumer Discretionary and Healt...
Read MoreBy Deepta Bolaky @DeeptaGOMarkets The Political Event of the Year 2020 The most-waited political event of the year is fast approaching: the US elections will take place on the 3rd of November. The nominees of the two main political parties - Republican and Democratic party are yet to be announced at the Presidential Nominating Convention. However...
Read MoreBy Deepta Bolaky @DeeptaGOMarkets Covid-19 Cases and Vaccine Optimism The virus continues to spread across the world, with more than 17 million confirmed cases of coronavirus and 670, 000 deaths. Many countries have seen a surge in the number of infections over the months. As the month comes to an end, we note that countries that have initially s...
Read MoreBy Deepta Bolaky @DeeptaGOMarkets Amid one of the busiest weeks on the earnings front, the remaining of the FAANG companies and some of the leading companies in their respective industries will report their quarterly earnings. Those updates will allow investors to have a broader picture of the impact of the pandemic on US businesses. Big tech st...
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