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H&M, the international clothing chain, reported a surprisingly large profit for the three-month period that ended in February.
Despite the fact that inflation and rising costs have dampened consumers’ spending power, cost-cutting measures are beginning to bear fruit.
The Swedish group's first-quarter operating profit was 725 million kronor, up from 458 million a year earlier and above analysts' expectations of average losses.
H&M's operating profit margin increased from 0.9 percent in the previous year to 1.3 percent,
H&M shares rose more than 7 percent after opening.
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Source: https://www.investing.com/news/stock-market-news/fashion-retailer-hm-posts-surprise-decfeb-profit-3044560
TRADING ABC: 5 popular trading books, have you ever read any of them?
1. Reminiscences of a Stock Operator (Edwin Lefèvre) 288 pages
“The book is a fictionalized account of the life of the man considered by many to be the greatest stock trader of all time"
2. The Intelligent Investor (Benjamin Graham) 640 pages
"This book holds the distinction of being touted by famed investor Warren Buffett as the best book ever written on the subject of investing"
3. Market Wizards (Jack Schwager) 514 pages
"Jack Schwager's books "Market Wizards" and "The New Market Wizards" feature interviews with successful traders"
4. The Disciplined Trader (Mark Douglas) 256 pages
Mark Douglas's "The Disciplined Trader" discusses the mental discipline needed to be successful traders.
5. The Psychology of Money (Morgan Housel) 256 pages
Author Morgan Housel suggests staying wealthy instead of getting wealthy, drawing on the life and work of Warren Buffett.
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Source: https://www.investopedia.com/articles/personal-finance/090216/top-5-books-become-professional-trader.asp
Source: https://www.investopedia.com/best-investing-books-5114673
This Friday ECB President Christine Lagarde is delivering a speech. As head of the European Central Bank, which sets short-term interest rates for the entire eurozone, she has significant influence over Europe's common currency. Traders closely watch her speeches, which are often used to drop subtle hints about future monetary policy and interest rate shifts. Her comments may determine whether a short-term trend moves upward or downward.
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Source: https://www.investing.com/economic-calendar/
Dear Trader,
Welcome back to the FXORO Weekly Economic Calendar. Here we try to select a list of financial events in order to offer you an overview of this trading week.
Market mover on Monday 27 March
09:00, EUR: IFO Business Confidence Index for Germany
Market mover on Tuesday 28 March
10:00, EUR: Consumer and business confidence index Italy
15:00, USD: US Consumer Confidence Report
20:30, USD: Weekly US oil inventories
Market mover on Wednesday 29 March
07:00, EUR: GfK report on consumer climate Germany
15:00, USD: Pending US Home Sales Contracts
15:30, USD: US crude oil inventories
Market mover on Thursday 30 March
09:00, EUR: ECB Eurozone Monthly Report
10:00, EUR: IPC Italy
1pm, EUR: Preliminary CPI Germany
1:30 pm, USD: US GDP
13:30, USD: Initial US jobless claims
Market mover on Friday 31 March
00:50, JPY: Japan Industrial Production
02:30, CNY: China Manufacturing Purchasing Managers Index
07:00, GBP: UK GDP
07:00, EUR: Germany Retail Sales
08:55, EUR: Unemployment rate Germany
10:00, EUR: Preliminary Eurozone CPI
1:30 PM, USD: US Core Personal Spending Price Index
15:00, USD: Michigan US consumer sentiment
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source: https://www.money.it/market-mover-della-settimana-27-31-marzo-2023
Analysts at Wolfe Research believe that the recent drop in Boeing shares below $200 makes them an attractive entry point into the company. Analysts attributed the drop to management comments made at a conference. Boeing's CFO Brian West spoke at the Bank of America Global Industrials Conference on Wednesday. The analysts reiterated their recommendation of Outperform and $220 price target, confident in the path toward $10 billion+ in FCF.
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Source: https://www.investing.com/news/stock-market-news/boeing-shares-under-200-represent-an-attractive-entry-point--wolfe-research-432SI-3037709
Top globally publicly traded companies by number of employees:
1. Walmart 2,300,000
2. Amazon 1,541,000
3. Foxconn 826,608
4. Accenture 738,000
5. Volkswagen 645,868
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Source: https://companiesmarketcap.com/
When you open an account with FXORO, you get access to the Trading Central tools immediately. One of these is Market Buzz. TC Market Buzz, a widget designed to support traders who spend a lot of time on the go. Each day this tool will show you what topics and stocks are making headlines around trading social media so that you can stay up-to-date with all your favorite markets.
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If you are a trader interested in the development of the Euro, Thursday's speech by Philip R. Lane—a member of the Governing Council of European Central Bank—might be worth listening to. His speeches often contain hints about where the EU is likely to head on monetary policy.
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Source: https://it.investing.com/economic-calendar/ - https://int-fxoro.com
The biggest company globally, March 2023?
Company name: Apple
Industry: Software, tech, electronics
Market CAP: $2,465T
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Dear Trader,
Welcome back to the FXORO Weekly Economic Calendar. Here we try to select a list of financial events in order to offer you an overview of this trading week.
Market mover on Monday 20 March
08:00, EUR: German Production Price Index Germany
Market mover on Tuesday 21st March
11am, EUR: ZEW survey of German economic sentiment
11:00, EUR: Confidence sentiment in ZEW Eurozone
3pm, USD: US Existing Home Sales
15:30, USD: US crude oil inventories
Market mover Wednesday 22 March
08:00, GBP: UK CPI
19:00, USD: US FED funds interest rate decision
19:30, USD: US FOMC press conference
Market mover Thursday 23 March
1pm, GBP: UK interest rate decision
13:00, USD: US building permits issued
13:30, USD: Initial US jobless claims
Market mover on Friday 24 March
08:00, GBP: UK Retail Sales
09:15, EUR: Composite PMI, manufacturing, services France
09:30, EUR: Composite PMI, manufacturing, services Germany
10am, EUR: Eurozone Manufacturing, Composite, Services PMI
10:30am, GBP: Composite PMI, Manufacturing, Services, UK
14:45, USD: US S&P Global PMI Composite
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Source: https://www.investing.com/economic-calendar/
Source: https://int-fxoro.com
sourece: https://www.money.it/market-mover-settimana-20-24-marzo-2023
Dear All, how are you? Hope fine. Your help is needed once again for the translation of this post. Thanks a lot in advance. The support to our social media from your side is great.
Gold surged to $1,900 per ounce after Credit Suisse collapsed.
On Wednesday, gold prices climbed to a six-week high of $1,900 on worsening global financial problems sparked by the SVB crisis and the market's focus shifted toward Credit Suisse a troubled European investment bank.
The front-month gold futures contract for April on the Comex in New York closed at $1,931.30 an ounce, up $20.40 from the prior close's settlement of 1.1 percent.
The session high was $1,942.45, a new peak from the previous maximum of $1,959.10 recorded on February 2nd.
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Source: https://it.investing.com/news/commodities-news/oro-vicino-ai-1900-dollari-schizza-la-richiesta-dopo-il-crollo-di-credit-suisse-2128209
Trading ABC:
Bid: The highest price a buyer is willing to pay for a security or asset.
Ask: The lowest price a seller is willing to accept for a security or asset.
Volume: The number of shares or contracts traded in a particular security or asset during a given period of time.
Bullish: Referring to a market outlook where investors believe that prices will rise, and they are generally optimistic about the future performance of a security or asset.
Bearish: Referring to a market outlook where investors believe that prices will fall, and they are generally pessimistic about the future performance of a security or asset.
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Volkswagen plans to invest 180 billion euros ($192.76) in the next five years on battery production and its North American operations, while spending on combustion engines will decline starting in 2025. As it works toward its target of 50% sales of electric vehicles (EVs) by the year 2030, Volkswagen has allocated two-thirds of its investment budget to electrification and digitalization—a figure that is up from 56% in a five years plan.
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Source: https://www.investing.com/news/stock-market-news/volkswagen-to-invest-193-billion-over-5-years-to-help-meet-ev-target-3029629
Bitcoin's value rose 11 percent in two days.
The price of one bitcoin at 06:11 a.m. (05:11 GMT) on this Tuesday was $24,694.7, up from the previous day's value by 10.60 percent .
This is the largest percentage day growth since November 10, 2022.
The rise in value pushes the total market capitalization of Bitcoin up to $472.8 billion, making it 43.68 percent of the total cryptocurrency market
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Source: https://it.investing.com/news/cryptocurrency-news/bitcoin-sprinta-e--del-11-2127428
#
Welcome back to the FXORO Weekly Economic Calendar. Every week we try to provide you with a complete list of financial events so that you always have all the market movers at your fingertips.
Have a good week.
Market mover on Monday 13 March
11:00, EUR: Eurozone Eurogroup meeting
Market mover on Tuesday 14 March
08:00, GBP: UK unemployment rate
10:00, EUR: Industrial production Italy
1:30 pm, USD: US CPI
21:30, USD: Weekly US oil inventories
Market mover on Wednesday 15 March
03:00, CNY: Industrial Production China
03:00, CNY: Unemployment rate China
11:00, EUR: Eurozone industrial production
1:30 pm, USD: US IPP
1:30pm, USD: US Retail Sales
Market mover on Thursday 16 March
10:00, EUR: IPC Italy
13:30, USD: Initial US jobless claims
14:15, EUR: ECB Eurozone interest rate decision
14:45, EUR: ECB Press Conference, Eurozone
Market mover on Friday 17 March
11:00, EUR: CPI Eurozone
14:15, USD: US industrial production
15:00, USD: Michigan Confidence Index
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Source: https://www.investing.com/economic-calendar/
Source: https://int-fxoro.com/en/economic-calendar/
Source: https://www.money.it/market-mover-della-settimana-13-17-marzo-2023
If you are a currency trader, the forthcoming Retail Sales data may impact your decisions.
Retail Sales reflect the total value of sales at retail stores. Retail spending is an important indicator of consumer confidence and general economic health, since consumers account for most overall economic activity.
A higher than expected reading could be considered positive for the USD, while a lower than expected could be read as negative for the USD.
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Source: https://www.investing.com/economic-calendar/
Source: https://int-fxoro.com
BMW announced on Thursday that it had met its 2022 target for earnings from the automotive segment, reporting a margin of 8.6% and total pre-tax earnings of 23.5 billion euros ($24.83 billion).
The group reported revenues of 142.6 billion euros, a 28% increase over the previous year. The consolidation of BMW Brilliance Automotive in China made "a considerable contribution," the company said; it has proposed that shareholders receive an 8.50 euro per share dividend
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Source: https://www.investing.com/news/stock-market-news/bmw-hits-earnings-target-for-2022-with-86-margin-in-autos-segment-3026135
Adidas is warning investors that, following a rift with rapper and fashion designer Kanye West, the company is likely to report its first annual loss in three decades.
CEO Bjorn Gulden addressed shareholders for the first time since taking over as CEO on January 1st and promised to rebuild a reputation that was bruised by Legacy's collapse.
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Source: https://www.investing.com/news/economy/adidas-to-slash-dividend-to-070-euros-per-share-after-kanye-west-split-3024524
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Gross Domestic Product (GDP) is a measure of the value of goods and services produced by an economy during one year. It is the most comprehensive measure of economic activity, and it serves as a barometer for gauging the overall health of an economy. If the expected value—or forecast—is higher than the actual reading, this could be read as positive for the euro (EUR). If it's lower, then this is could be read as negative.
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Source: https://www.investing.com/economic-calendar/
Source: https://int-fxoro.com
Dear Trader,
Welcome back to the FXORO Weekly Economic Calendar. Every week we try to provide you with a complete list of significant financial events so that you always have all the market movers at your fingertips.
Have a good week.
Market mover on Monday 6 March
10:30, GBP: UK Construction Purchasing Managers' Index
10:30, EUR: Sentix Eurozone Investor Confidence Index
11am, EUR: Speech by ECB Eurozone member Lane
11:00, EUR: Eurozone Retail Sales
16:00, USD: Orders to US factories
Market mover on Tuesday 7 March
04:00, CNY: China trade balance
4:00 pm, USD: Fed Chairman Powell's testimony
18:00, USD: EIA near-term energy forecast
Market mover on Wednesday 8 March
08:00, EUR: Germany Retail Sales
10:00, EUR: Italy Retail Sales
11:00, EUR: GDP (Q4) Eurozone
14:15, USD: Change in US nonfarm payrolls
14:30, USD: US trade balance balance
16:00, USD: New Jobs JOLTs Usa
Market mover on Thursday 9 March
02:30, CNY: CPI China
14:30, USD: Initial US jobless claims
Market mover on Friday 10 March
04:00, JPY: Japan interest rate decision
08:00, GBP: UK manufacturing output
08:00, EUR: CPI in Germany
14:30, USD: US Nonfarm Payrolls
14:30, USD: US unemployment rate
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Source: https://int-fxoro.com/en/economic-calendar/
Dear Trader,
Welcome back to the FXORO Weekly Economic Calendar. Every week we try to provide you with a complete list of significant financial events so that you always have all the market movers at your fingertips.
Have a good week.
Market mover on Monday 27 February
10:00, EUR: Business and consumer confidence level Italy
11:00, EUR: Eurozone Consumer Confidence
14:30, USD: Major US Durable Goods Orders
16:00, USD: Pending US Home Sales Contracts
Market mover on Tuesday 28 February
00:50, JPY: Japan Industrial Production
00:50, JPY: Japan Retail Sales
10:00, EUR: Industrial Sales Italy
16:00, USD: US Consumer Confidence Report
Market mover on Wednesday 1 March
02:30, CNY: China Manufacturing Purchasing Managers Index
02:45, CNY: Manufacturing PMI - Caixin China
08:00, EUR: Germany Retail Sales
09:45, EUR: Italy Manufacturing Purchasing Managers Index
09:55, EUR: Manufacturing Purchasing Managers Index Germany
10:00, EUR: Eurozone Manufacturing PMI
10:30, GBP: UK Manufacturing Purchasing Managers' Index
1pm, EUR: CPI Germany
16:00, USD: ISM US Manufacturing Purchasing Managers Index
Market mover on Thursday 2 March
11:00, EUR: Preliminary CPI Italy
11:00, EUR: CPI Eurozone
11:00, EUR: Eurozone unemployment rate
Market mover on Friday 3 March
02:45, CNY: China Service Sector Purchasing Managers Index
08:00, EUR: Germany trade balance balance
09:00, EUR: Italy GDP
09:45, EUR: Italy Composite PMI & Services
09:55, EUR: Germany Composite PMI & Services
10:00, EUR: Eurozone Services Composite Index
16:00, USD: US ISM Non-Manufacturing Index
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Source: https://int-fxoro.com/en/economic-calendar/
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Source: https://int-fxoro.com
Dear Traders,
welcome back to our weekly economic calendar. We try to provide you a comprehensive list of the most significant financial events happening around the world in order you can keep up with all market movers.
MARKET MOVER MONDAY 20 FEBRUARY
02:15, CNY: China PBoC Preferred Interest Rate
08:00, EUR: German Production Price Index Germany
MARKET MOVER TUESDAY 21 FEBRUARY
09:30, EUR: PMI Manufacturing, Composite, Services Germany
10am, EUR: Eurozone Manufacturing, Composite, Services PMI
10:30, GBP: UK Preliminary Manufacturing, Services Composite PMI
11am, EUR: Zew survey of German economic sentiment
11:00, EUR: Confidence sentiment in ZEW Eurozone
15:45, USD: US S&P Global PMI Composite
MARKET MOVER WEDNESDAY 22 FEBRUARY
08:00, EUR: CPI in Germany
10:00, EUR: IPC Italy
10:00, EUR: IFO Business Confidence Index for Germany
20:00, USD: Minutes of US FOMC meeting
MARKET MOVER THURSDAY 23 FEBRUARY
11:00, EUR: CPI Eurozone
14:30, USD: US GDP
14:30, USD: Initial US jobless claims
17:00, USD: US crude oil inventories
MARKET MOVER FRIDAY 24 FEBRUARY
08:00, EUR: Germany's GDP
08:00, EUR: GfK report on consumer climate Germany
16:00, USD: US Michigan Confidence Index
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Source: https://www.money.it/market-mover-della-settimana-20-24-febbraio
UPS has reported record profits, with revenue reaching $100 billion for the first time since its founding in 1907.
The company reported Tuesday that it posted earnings of $3.2 billion in the fourth quarter, little changed from a year ago and slightly better than analysts surveyed by Refinitiv had forecasted.It was enough, however, to boost full-year earnings past last year's record of $10.7 billion.
UPS enjoyed three years of rapid growth as online shopping increased during the pandemic in 2019. The year before that, UPS reported sales of $74.4 billion and adjusted revenue of $6.5 billion.But UPS, along with other growth-oriented businesses such as pharmaceutical companies and online retailers that benefited from the Covid-19 epidemic may now be slowing down.
In fact, revenues in the fourth quarter fell 3 percent to $27 billion even though full-year revenues increased 4.5 percent from a year earlier—to $100.3 billion).The company projected that its revenues will grow more slowly and its profit margins will be lower in the future.
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Source: https://edition.cnn.com/2023/01/31/investing/ups-earnings/index.html
As markets around the world become increasingly risk-averse ahead of two important central bank summits, the U.S dollar has gained strength against its rivals this Tuesday At 09:00 Central European Time (CET), the dollar index was up at 102.06, having earlier touched a high of 102.19.
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Source: https://it.investing.com/news/forex-news/dollaro-al-massimo-di-una-settimana-attesi-i-vertici-delle-banche-centrali-2115462
Amazon will report its fourth-quarter earnings on Thursday afternoon, and investors are expecting the company to post a profit of $0.17 per share with revenues of $145.7 billion for the period ending December 31st.
The stock has been performing in recent days after breaking through an important technical resistance around the $90 mark, registering a rise of more than 21 percent since the beginning of 2019. This is its best performance in half a decade though shares are still down from where they were at their peak eight years ago
Bank of America's recent earnings report forecasted a profit of $146.9 billion on revenue totaling $3 trillion, while the market was expecting profits to come in at just under half that amount: $145.7 billion on revenues totalling less than 2 trillion dollars.
The analyst believes that the outlook on AWS’s (AMAZON WEB SERVICES ) earnings in the first quarter represents "the biggest risk" after MSFT's announcement of lowered expectations for Azure.
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Source: https://it.investing.com/news/stock-market-news/trimestrale-amazon-focus-su-aws-da-credit-suisse-promuovono-il-titolo-2115446
Dear Traders,
Also this week, like all the others, we have tried to select significant events in the world of finance on one page.
Market mover on Monday 30 January
10am, EUR: Germany's preliminary GDP
11:00, EUR: IPP Italy
Market mover on Tuesday 31 January
02:30, CNY: China Manufacturing Purchasing Managers Index
08:00, EUR: Germany Retail Sales
08:45, EUR: Preliminary CPI France
09:55, EUR: Unemployment rate Germany
11:00, EUR: Preliminary Eurozone GDP
14:00, EUR: Preliminary CPI Germany
16:00, USD: US Consumer Confidence Report
Market mover on Wednesday 1 February
02:45, CNY: Manufacturing PMI - Caixin China
09:45, EUR: Italy Manufacturing Purchasing Managers Index
09:55, EUR: Manufacturing Purchasing Managers Index Germany
10:00, EUR: Eurozone Manufacturing PMI
11:00, EUR: Preliminary Eurozone CPI
11:00, EUR: Eurozone unemployment rate
16:00, USD: ISM US Manufacturing Purchasing Managers Index
16:00, USD: New Jobs JOLTs Usa
20:00, USD: US FOMC decisions
20:30, USD: US FOMC press conference
Market mover on Thursday 2 February
08:00, EUR: Germany trade balance balance
1pm, GBP: UK interest rate decision
14:15, EUR: Eurozone interest rate decision
14:30, USD: Initial US jobless claims
14:45, EUR: ECB Eurozone Press Conference
Market mover on Friday 3 February
02:45, CNY: China Service Sector Purchasing Managers Index
09:45, EUR: PMI Composite and Services Italy
09:55, EUR: Germany Composite PMI & Services
10:00, EUR: Eurozone Services Composite Index
14:30, USD: US Nonfarm Payrolls
14:30, USD: US unemployment rate
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Source: https://www.money.it/market-mover-della-settimana-30-gennaio-3-febbraio-2023
The U.S.'s quarterly earnings reports are continuing, and these companies will report their results in the coming weeks!!!
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Source: https://int-fxoro.com
On Wednesday, gold prices stabilized near nine-month highs as worries over incipient recession kept demand for safe investments high while the price of copper rose based on expectations that a resurgence in Chinese demand would offset slower consumption elsewhere.
After a steep drop in the value of stocks, gold prices rose as demand for safe haven assets outpaced that for dollars; investors were growing more convinced that The Fed would slow its rate hike schedule.
Gold spot prices remained stable at $1,937.64 an ounce, while gold futures rose 0.2% to $1,938.35 per ounce—bringing the two closer together as the expiry date for contracts in February draws nearer. Weak corporate profits, following a series of disappointing earnings reports, have heightened fears that the economic recovery could be slowing down—and sparked another gold rush. This year, gold prices have risen even more than those of other precious metals.
Gold has increased by about 6%, while silver and platinum have declined more than 1% each.
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Source :https://www.investing.com/news/commodities-news/gold-sticks-to-9mth-high-amid-recession-concerns-copper-advances-2987286
Greetings
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