Notícias de mercado & insights

Coinbase Global Inc. (COIN) released its financial results for Q2 after the market close in the US on Tuesday. The company reported revenue that fell short of Wall Street expectations at $808.325 million for Q2 vs. $873.82 million expected. Coinbase reported a loss per share of -$4.98 per share vs. -$2.47 loss per share expected. ''Q2 was a test of durability for crypto companies and a complex quarter overall.

Dramatic market movements shifted user behaviour and trading volume, which impacted transaction revenue, but also highlighted the strength of our risk management program. We are focusing on our top business priorities and more tightly managing expenses.'' ''The decline in crypto asset prices significantly impacted our Q2 financial results, which were consistent with the outlook provided in May. Net revenue was $803 million, down 31% compared to Q1, driven by lower trading volume.

Total operating expenses were $1.9 billion, up 8% compared to Q1. Net loss was $1.1 billion and was heavily impacted by non-cash impairment charges. Absent non-cash impairment charges, net loss would have been $647 million.

Adjusted EBITDA was negative $151 million,'' the company wrote in a letter to shareholders. Coinbase Global Inc. (COIN) chart Share price of Coinbase was down by 10.55% on Tuesday, trading $87.49 a share. The stock fell further in after-hours following the release of the latest financial results, down by around 3%.

Here is how the stock has performed in the past year: 1 month +61.65% 3 months +20.13% Year-to-date -65.26% 1 year -67.49% Coinbase price targets Citigroup $105 DA Davidson $90 Mizuho $42 JMP Securities $205 Atlantic Equities $54 Goldman Sachs $45 JP Morgan $68 Coinbase Global Inc. is the 754 th largest company in the world with a market cap of $22.96 billion. You can trade Coinbase Global Inc. (COIN) and many other stocks from the NYSE, NASDAQ, HKEX and the ASX with GO Markets as a Share CFD. Sources: Coinbase Global Inc., TradingView, MetaTrader 5, Benzinga, CompaniesMarketCap

Fears of slowing growth and weak Chinese data have forced China to ramp up its efforts to stimulate its economy and reassure investors: Record $83 billion injection: China injected a large amount of money in its economy. $83 billion was placed in the country’s financial system to avoid a cash crunch that would add further pressure to an “already” weakening economy. Spending Plans: Amid a raft of measures, China has approved a whopping $125bn of new rail projects over the past month. China is increasing its approvals for new projects and fiscal spending to counteract the slowdown.

Tax Cuts: China has put forward plans for the private sector and small business and is turning to tax cuts as a primary defence for its slowing economy. As uncertainties around tariffs continue, China is helping private companies and small business to obtain financing and increasing consumer spending. As of writing, the GDP (YoY) came at 6.4% from 6.5%, and we expect China’s economy to weaken in the lower range of the 6% mark amid the current external and domestic challenges.

Trade tensions have shaken business and consumer confidence and have further slowed economic growth. Even though there is more optimism on trade talks and higher chances of a truce deal, we expect trade negotiations to be bumpy and lengthy. The real economic implications may become more apparent in the coming months, and this can weigh on risk sentiment.

We expect to continue observing more actions from China during the year. The weak data is also giving room for policymakers to put forward more growth-supportive measures in the near term to stimulate growth and bring stability to its economy. So far, the stimulus actions coupled with positive trade talks helped the Chinese Yuan and the Shanghai Index to climb higher.

After a bruising year, the Index rose by more than 130 points since the beginning of the year.

Beyond Meat Inc. reported their latest financial results for Q4 2021 after the closing bell on Wall Street today. The US plant-based meat substitute producer company fell short of analyst expectations for the last quarter, sending the stock price lower in the after-market hours. The company reported revenue of $100.678 million in Q4 (decrease of 1.2% year-over-year) vs. $101.044 million expected.

Loss per share reported at -$1.27 a share, way above analyst forecast -$0.70 a share. Net revenue for 2021 at $464.7 million – an increase of 14.2% year-over-year. "In 2021 we saw strong growth in our international channel net revenues, as well as sporadic yet promising signs of a resumption of growth in U.S. foodservice channel net revenues as COVID-19 variants peaked and declined. These gains, however, were dampened by what we believe to be a temporary disruption in U.S. retail growth, for our brand and the broader category.

Despite the variability and challenges of the year, we did not deviate from building the foundation for our long-term growth. The investments we made in our team, infrastructure, and capabilities across the U.S., EU, and China, as well as extensive product scaling activities for key strategic partners, weighed heavily on operating expenses and gross margin during a fourth quarter and year that were already impacted by lower than expected volumes. However, we believe these investments will be instrumental in driving our long-term growth," Ethan Brown, Beyond Meat CEO said in a statement following the latest financial results from the company. "As we begin 2022, we are pleased with the progress we are making against our long-term strategy, such as the number of tests and core menu placements recently announced by our global QSR partners.

Though we will continue to invest during 2022, we expect to substantially moderate the growth of our operating expenses as we leverage the building blocks we now have in place to serve our customers, consumers, and markets — bringing forward our exciting and expansive future one delicious serving at a time," Brown added. Beyond Meat Inc. (BYND) chart (Weekly) Shares of Beyond Meat were up by 3.38% on Thursday at $48.64. However, the stock fell sharply in the after-hours – down by around 10%.

Here is how the stock has performed in the past year – 1 Month: -13.37% 3 Month: -35.14% Year-to-date: -24.80% 1 Year: -65.91% Beyond Meat Inc. is the 2973 rd largest company in the world with total market cap of $3.10 billion. You can trade Beyond Meat Inc. (BYND) and many other stocks from the NYSE, NASDAQ, HKEX and the ASX with GO Markets as a Share CFD. Sources: Beyond Meat Inc., TradingView, MetaTrader 5, CompaniesMarketCap

Alibaba Group Holdings Limited (BABA) reported its latest financial results before the market open on Thursday. The Chinese e-commerce giant reported revenue of $30.689 billion for the quarter vs. $30.364 billion expected. Earnings per share were reported at $1.75 per share vs. $1.60 per share expected.

Daniel Zhang, Chairman and CEO of Alibaba Group commented on the results: ''During the past quarter, we actively adapted to changes in the macro environment and remained focused on our long-term strategy by continuing to strengthen our capability for customer value creation.'' ''Following a relatively slow April and May, we saw signs of recovery across our businesses in June. We are confident in our growth opportunities in the long term given our high-quality consumer base and the resilience of our diversified business model catering to different demands of our customers,'' Zhang added. ''Despite the challenges posed by the COVID-19 resurgence, we delivered stable revenue performance year-over-year. We have narrowed losses in key strategic businesses given ongoing improvements in operating efficiency and increasing focus on cost optimization,'' said Toby Xu, CFO of Alibaba Group. ''We recently shared our plan to add Hong Kong as another primary listing venue.

By becoming primary listed on both Hong Kong and New York stock exchanges, we aim to further expand and diversify our investor base,'' Xu concluded. Alibaba Group Holdings Limited (BABA) chart Share price of Alibaba was up by around 1% on Thursday, trading at $96.93 a share. Here is how the stock has performed in the past year: 1 Month -21.79% 3 Month +14% Year-to-date -19.42% 1 Year -51.97% Alibaba price targets B of A Securities $155 Bernstein $130 Benchmark $205 JP Morgan $140 HSBC $141 Citigroup $172 Truist Securities $145 Barclays $161 Alibaba Group Holdings Limited is the 31 st largest company in the world with a market cap of $256.21 billion.

You can trade Alibaba Group Holdings Limited (BABA) and many other stocks from the NYSE, NASDAQ, HKEX and the ASX with GO Markets as a Share CFD. Sources: Alibaba Group Holdings Limited, TradingView, MarketWatch, Benzinga, CompaniesMarketCap

We often talk about, ‘one piece of data does not make a trend,’ that ‘a headline is just a headline’ and that ‘assumptions are not facts.’ We feel this timeless market lesson has been slightly forgotten of late and the latest US CPI data may be case-in-point judging by the market’s reaction to the read. Let have a dive into the data and the reactions. Here are the headline grabs: The headline Consumer Price Index (CPI) rose by 0.3% from March, slightly below the forecasted 0.4% (good news), and increased by 3.4% year-on-year, in line with expectations.

Core inflation, (ex-volatiles like food and energy), also rose by 0.3% month on month and 3.6% year-on-year matching predictions. However, this is the main take away April was the lowest core inflation reading since April 2021 and the smallest monthly increase since December. But like I said – headlines are just headlines what’s the detail saying?

CPI gains were primarily driven by rises in shelter and energy costs. Shelter costs increased by 0.4% from March and 5.5% year-over-year, remaining a significant concern for the Fed's inflation targets. Rent of primary residence and owners' equivalent rent, both rose by 0.4% month-on-month, with annual increases of 5.4% and 5.8%, respectively, highlighting persistent inflationary pressures in housing and why housing is a massive issue inside the ‘sticky’ inflation metric.

Energy prices rose by 1.1% monthly and 2.6% annually, while food prices remained flat month-over-month but rose 2.2% annually. Vehicle prices declined, with used cars falling 1.4% and new cars dropping 0.4%. Other notable monthly increases were seen in apparel (1.2%), transportation services (0.9%), and medical care services (0.4%).

Transportation services saw a significant annual increase of 11.2%, while services excluding energy rose by 0.4% monthly and 3% annually. These inflation dynamics have us questioning the reactions that were seen as clearly the granular data in areas of issue like shelter, energy and services remain nearly 3 time higher than the Fed’s 2% target. Yet you wouldn’t know it.

The reaction from the three main US bourses was to reach record all time highs. The US500 for the first time ever broke through 5,300 points and the Dow is now inches from 40,000 points. Rate futures price spiked, with the September meeting expectation gauge going from a 61.4% chance of a rate cuts by the Federal Reserve to 75.3%.

The November meeting is now fully priced in and the chance of a second cut in December is above 69%. Again, I am asking the question based on the trends and longer-term data – is that likely? The trend has CPI year-on-year slowing to an average 3.6% - 1.6% away from target.

Sticky inflation is sitting at a 5% rolling average that’s 3% away from target. The reaction in treasuries hit FX particularly USD pairs. DXY was slammed falling 0.4% to 104.52 as the likes of the beaten-up EUR, GBP and other European currencies bounced back against the greenback.

These pair are tricky currently as all are facing rate cuts in the coming months – the question will be who goes first and then by how much to they cut over the new cycle? That will be the dilemma for traders as the more cuts the bigger the weaken. Then we have to look at the AUD/USD which jumped to its highest read since January 15 touching $0.6702 off the back of the CPI.

Since the mid-April low the pair has rallied almost a full 4 cents and with the RBA in a scenario of wait and see. The pressure to the upside remains in the AUD and cold lock the AUD into being the strongest currency in the G10 in the come months. It’s a pair to watch for sure.

Trading terms glossary A - B - C - D - E - F - G - H - I - J - K - L - M - N - O - P - Q - R - S - T - U - V - W - X - Y - Z - C Cable Cable in forex is the nickname of the GBP/USD currency pair, which is one of the most popular currency pairs on the market. Calendar Spread A calendar spread is a trading technique, which involves buying a derivative of an asset in one month and selling a derivative of the same asset in another month. The calendar spread represents the difference in the price of the same asset from one futures contract to another.

Call option A call option is an option to buy an asset at a given price by a specific date. Learn more about Call Options Capital expenditure Funds spent on physical assets. Capital gains Capital gains are the profits made from the buying and selling of assets, when the sale of an asset exceeds the original cost.

Capital gains tax Capital gains tax (or CGT), is the tax levied by the government on the profits made from selling any financial assets. Capital loss Opposite of capital gains. When the sale of an asset is less than the original cost to the owner.

Cash flow Cash flow is the amount of money coming into and going out of a company, and the resulting availability of cash. It can refer to a single project or the entire business. Cash Price Not to be confused with Prompt or Spot price, the cash price refers the price paid or received for immediate delivery of a good or asset.

The cash price and spot futures price should converge the closer you get to the spot futures contract expiry. Cash rate Also known as a bank rate or base interest rate, the cash rate is the interest rate charged by a central bank for loans to other banks. Chartist A chartist trader relies predominantly on charts to help them understand historical data in order to better speculate on future price movements.

Also commonly known as technical analysts, or technical traders. Closing price The price of a security on a financial market at the end of the trading day. Closing prices can be used as a marker when looking at long-term historical movements, or they can be compared to the opening price to review the movement over a single day.

Commission Commission is a service charge by an investment broker for making trades on a client's behalf. Commodity A commodity is a basic physical asset, which can be bought and sold. Commodities can often be categorised as a raw material, used in the production of other goods or services.

Contracts for difference Contracts for difference (CFDs) are a type of financial derivative where your gain or loss is based on the price of the asset when the contract opens and closes. It is an arrangement made where the differences in the settlement between the open and closing trade prices is cash settled and there is no delivery of physical goods or securities. Learn more about CFDs Contract (Lot) A Lot is a trading unit, representing a set amount of a particular asset.

A standard lot in the forex market is $100,000. A mini lot is $10,000. Convexity Bond convexity is a measure of the "degree of the curve" or difference, between a bond’s price and a bond's yield.

It is a risk management tool used to assess the impact that a rise or fall in interest rates can have on a bond’s price – which highlights a bond holder’s exposure to risk. Contango Typically seen when the market is well supplied, contago is when the futures price of a commodity or security is higher than the spot price (present price). Here we would expect the higher price of the futures contract to reflect the commodity cost of carry.

Cost of carry Cost of carry is the amount of additional money you need to hold a position. This can include overnight funding charges, interest payments, or the costs of storing any commodities on the delivery of a futures contract. These charges are an important consideration when trading, as they will affect your net return.

Covered call A covered call is a call option trading strategy, where you hold an existing long position on a tradeable asset and write (sell) a call option against the same asset to generate extra income. The aim is to increase the overall profit that a trader will receive. Learn more about Covered Calls CPI CPI stands for consumer price index, which measures the change in average prices paid by US consumers, month to month.

Learn more about CPI Crystallisation Crystallisation is the act of realising a profit or loss, by selling a position and immediately reopening it again. Currency appreciation The increase in value of one currency compared to another. The 'strengthening’ of a currency in Forex trading means that it would cost more to buy, or that it can buy more of another currency when sold.

Learn more about currency appreciation Currency depreciation A decrease in a specific currency's value, relative to another currency in a floating exchange rate system. In a floating exchange rate system, a currency’s value is set by the forex market, based on supply and demand. Learn more about currency depreciation Currency peg A fixed exchange rate of its currency, set by a national government or central bank.

It can sometimes also be referred to as a fixed exchange rate or 'pegging'. Learn more about Currency Pegs Currency Swap Sometimes referred to as a cross-currency swap, this is an agreement between two parties to exchange principal and fixed rate interest payments in two different currencies to an agreed rate of exchange. Learn more about Currency Swaps.