ข่าวสารตลาด & มุมมองเชิงลึก

In yesterday’s session, the AUDUSD pair experienced a decline of nearly 1%, erasing the gains it had achieved over the past few days. This retracement arrives as the USD displays signs of renewed strength ahead of an upcoming speech by Fed Chair Jerome Powell. Market participants are eagerly awaiting Powell's remarks for to see if he drops any hints on the Fed’s plans.

As anticipation builds for Powell's speech, scheduled for tomorrow, market observers are on high alert for any indications regarding the trajectory of interest rates. They are particularly keen on understanding whether the Fed's rate hikes are done or if further hikes are on the cards. Additionally, the market will scrutinise the language Powell uses, gauging its hawkishness or dovishness to decode the central bank's future strategies.

These cues will aid in forecasting potential rate cuts once inflation subsides to desired levels. Technically, the AUDUSD pair hit a recent low of 0.63642 on August 17th, marking its lowest point since November 2022. There is considerable downside before finding the next significant support level around 0.62.

On the 1-hour timeframe, the Relative Strength Index (RSI) is edging close to oversold conditions, while there appears to be a minor horizontal support level holding price just above 0.64. Furthermore, the recent breach of a short-term diagonal support trend is worth noting. The market will closely monitor whether this trend can be reestablished over the coming days.

Overall, as the USD gains momentum leading up to Powell's speech, his comments will likely steer the pair's immediate movements.

Apple has had a spectacular start to 2023, locking in 7 consecutive positive months and putting in an increase of 52.16% year to date at its peak. However, August so far isn’t looking as healthy. Despite the positive financial performance beating Q3 earnings expectations, Apple shares are down 8.48% for the start of August.

Profit taking after 7 green months may be a factor in the recent decline, so the coming days will be key to see if this is a short-term fall or the beginning of a longer-term downtrend. From a technical perspective, price has fallen through an upward trend line that begun at the start of 2023. Price appears to have landed at a key support & resistance level around $177-179.

This temporary bounce also lines up almost exactly at the 2022 yearly open price of $177.83, which adds more strength to this support level. Holding this support level is critical for the price, as a failure to do so could potentially lead to further declines, with the next support level likely around $155-157. Additionally, the Relative Strength Index (RSI) on the daily chart recently touched an oversold level of 30, followed by a slight bounce.

Traders will be watching to see if the two factors of RSI oversold and price at a key support level will be enough to stall the recent decline and potentially be a pivoting point to send price back north.

World’s largest entertainment company The Waly Disney Company (NYSE: DIS) announced second quarter financial results ended April 1, 2023, after the market close on Wall Street on Wednesday. Company overview Founded: October 16, 1923 Headquarters: Team Disney Building, Walt Disney Studios, Burbank, California, United States Number of employees: 220,000 (2022) Industry: media, entertainment Key people: Mark Parker (chairman), Bob Iger (CEO) The results Walt Disney reported revenue of $21.815 billion for the quarter vs. $21.795 billion expected. Revenues were up by 13% vs. same period last year.

Earnings per share fell slightly short of expectations at $0.93 per share (down by 14% year-over-year) vs. $0.933 per share estimate. Disney+ subscribers fell from 161.8 million to 157.8 million in the quarter. It has now lost 6.4 million subscribers over the last two quarters.

Company commentary "We’re pleased with our accomplishments this quarter, including the improved financial performance of our streaming business, which reflect the strategic changes we’ve been making throughout the company to realign Disney for sustained growth and success," Robert A. Iger, CEO of the company said in a statement. "From movies to television, to sports, news, and our theme parks, we continue to deliver for consumers, while establishing a more efficient, coordinated, and streamlined approach to our operations," he concluded. The stock was down by over -8% on Thursday, trading at around $92.66 a share.

Stock performance 1 month: -8.31% 3 months: -8.31% Year-to-date: +6.42% 1 year: -11.36% Walt Disney price targets Morgan Stanley: $120 Wells Fargo: $147 Deutsche Bank: $135 Barclays: $107 Guggenheim: $130 Citigroup: $130 JP Morgan: $135 Credit Suisse: $133 Bank of America: $135 Walt Disney is the 63 rd largest company in the world with a market cap of $170.34 billion, according to CompaniesMarketCap. You can trade The Waly Disney Company (NYSE: DIS) and many other stocks from the NYSE, NASDAQ, HKEX, ASX, LSE and DE with GO Markets as a Share CFD. Sources: The Waly Disney Company, TradingView, MarketWatch, MetaTrader 5, CompaniesMarketCap, Wikipedia, MarketBeat

Uber Technologies Inc. (NYSE: UBER) announced first quarter results before the market open in the US on Tuesday. World’s largest ridesharing company beat analyst expectations for the quarter, sending the stock price higher. Company overview Founded: March 2009 Headquarters: San Francisco, California, United States Number of employees: 32,800 (2022) Industry: Transportation Key people: Ronald Sugar (Chairman), Dara Khosrowshahi (CEO) The results Uber reported revenue of $8.823 billion (up by 29% vs Q1 2022) vs. $8.703 billion expected.

The company reported loss per share of -$0.08 per share vs. estimate of -$0.087 loss per share. CEO commentary "We significantly accelerated Q1 trip growth to 24% from 19% last quarter, with Mobility trip growth of 32%, as a result of improved earner and consumer engagement,” Dara Khosrowshahi, CEO of Uber said in a letter to shareholders. "Looking ahead, we are focused on extending our product, scale and platform advantages to sustain market-leading top and bottom-line growth beyond 2023," Khosrowshahi added. The stock was up +11.55% on Tuesday at $36.53 a share.

Stock performance 1 month: +16.34% 3 months: +18.07% Year-to-date: +47.67% 1 year: +23.92% Uber price targets Wedbush: $44 Needham: $54 RBC Capital: $46 Deutsche Bank: $44 JMP Securities: $55 Wolfe Research: $45 UBS: $48 JP Morgan: $52 Wells Fargo: $53 Uber is the 196 th largest company in the world with a market cap of $73.54 billion, according to CompaniesMarketCap. You can trade Uber Technologies Inc. (NYSE: UBER) and many other stocks from the NYSE, NASDAQ, HKEX, ASX, LSE and DE with GO Markets as a Share CFD. Sources: Uber Technologies Inc., TradingView, MarketWatch, MetaTrader 5, Benzinga, CompaniesMarketCap, Wikipedia

The Coca-Cola Company (NYSE: KO) announced the latest financial results for the first three months of 2023 before the market open in the US on Monday. The US Beverage company posted solid results for the quarter, beating both revenue and earnings per share (EPS) estimates. Company overview Founded: January 29, 1892 Headquarters: Atlanta, Georgia, United States Number of employees: 79,000 (2021) Industry: Beverage Key people: James Quincey (chairman and CEO), Brian Smith (president and COO) Owners: Berkshire Hathaway (9.23%), The Vanguard Group (7.90%), BlackRock (6.45%) The results The company reported revenue of $10.959 billion vs. $10.797 billion expected.

Revenues were up by 5% year-over-year. EPS at $0.68 per share (up by 6% from the same period last year) vs. $0.646 per share estimate. CEO commentary ''We are encouraged by our first quarter 2023 results,'' James Quincey, CEO of company said in a press release. ''Our system alignment is stronger than ever, and our networked organization is allowing us to adapt as needed.

We continue to invest for the long term, strengthening our capabilities to drive sustainable value for our stakeholders. We have the right portfolio, the right strategy and the right execution to deliver in the marketplace. We are confident in our ability to deliver on our 2023 objectives,'' Quincey concluded.

The latest results did not have a massive impact on the share price on Monday. The stock was up by 0.41% at $64.25 per share. Stock performance 1 month: +4.74% 3 months: +6.69% Year-to-date: +1.02% 1 year: -2.55% The Coca-Cola Company price targets Barclays: $72 Deutsche Bank: $60 Citigroup: $68 UBS: $72 Morgan Stanley: $70 Wells Fargo: $70 Wedbush: $63 Credit Suisse: $64 HSBC: $76 The Coca-Cola Company is the 30 th largest company in the world with a market cap of $277.94 billion, according to CompaniesMarketCap.

You can trade The Coca-Cola Company (NYSE: KO) and many other stocks from the NYSE, NASDAQ, HKEX, ASX, LSE and DE with GO Markets as a Share CFD. Sources: The Coca-Cola Company, TradingView, MarketWatch, MetaTrader 5, TipRanks, CompaniesMarketCap, Wikipedia

World’s largest automaker, Tesla Inc. (NASDAQ: TSLA), reported Q1 financial results after market close in the US on Wednesday. Elon Musk’s company posted mixed results for the quarter. Let’s take a closer look at how it performed.

Company overview Founded: July 1, 2003 Headquarters: Austin, Texas, United States Number of branches: 764 retail stores/galleries and service centers (2022) Number of employees: 127,855 (2022) Industry: Automotive, renewable energy, artificial intelligence Key people: Elon Musk (CEO), Robyn Denholm (chair) The results Tesla reported revenue that missed analyst estimate at $23.329 billion vs. $23.596 billion expected. Revenues were up by 24% compared to Q1 2022. Earnings per share reported at $0.85 per share (down by -21% year-over-year) vs. $0.846 per share estimate.

The automaker produced 440,808 and delivered 422,875 cars in Q1, up by 44% and 36% year-over-year, respectively. Company commentary ''In the current macroeconomic environment, we see this year as a unique opportunity for Tesla. As many carmakers are working through challenges with the unit economics of their EV programs, we aim to leverage our position as a cost leader.

We are focused on rapidly growing production, investments in autonomy and vehicle software, and remaining on track with our growth investment,'' Tesla said in a letter to shareholders. The company also commented on its pricing strategy: ''Our near-term pricing strategy considers a long-term view on per vehicle profitability given the potential lifetime value of a Tesla vehicle through autonomy, supercharging, connectivity and service. We expect that our product pricing will continue to evolve, upwards or downwards, depending on a number of factors.'' ''Although we implemented price reductions on many vehicle models across regions in the first quarter, our operating margins reduced at a manageable rate.

We expect ongoing cost reduction of our vehicles, including improved production efficiency at our newest factories and lower logistics costs, and remain focused on operating leverage as we scale. ''We are rapidly growing energy storage production capacity at our Megafactory in Lathrop and we recently announced a new Megafactory in Shanghai. We are also continuing to execute on our product roadmap, including Cybertruck, our next generation vehicle platform, autonomy and other AI enabled products.'' ''Our balance sheet and net income enable us to continue to make these capital expenditures in line with our future growth. In this environment, we believe it makes sense to push forward to ensure we lay a proper foundation for the best possible future,'' the statement concluded.

The stock was down by -2.02% on Wednesday at $180.48 a share before the results were announced. Share price dropped by around -3% in the after-hours as investors digested the earnings report. Stock performance 1 month: -5.38% 3 months: +40.44% Year-to-date: +46.83% 1 year: -44.48% Tesla price targets RBC Capital: $217 Barclays: $230 Wedbush: $225 TD Cowen: $170 Deutsche Bank: $250 Goldman Sachs: $225 Citigroup: $192 Tesla is the 8 th largest company in the world with a market cap of $576.43 billion, according to CompaniesMarketCap.

You can trade Tesla Inc. (NASDAQ: TSLA) and many other stocks from the NYSE, NASDAQ, HKEX, ASX, LSE and DE with GO Markets as a Share CFD. Sources: Tesla Inc., TradingView, MarketWatch, MetaTrader 5, Benzinga, CompaniesMarketCap, Wikipedia