Meta gains? [Video]

Giles Coghlan LLB, Lth, MA Financial Source

Meta has said that new WhatsApp features will begin rolling out across the world over the coming weeks. However, job cuts at Meta have painted a dour picture of growth for the company. In December last year jobs were cut impacting 10K employees and on March 13 Meta announced a fresh round of job cuts with plans to announce a further team size reduction by about 10K. Meta’s CEO Zuckerberg said he expects the current climate of layoffs and restructuring to last for years.

However, Meta also announced total expenses to fall to $86-$92bln vs prior levels of $89-$95 bln and that saw shares gain on the announcement. Will a leaner Meta be poised to still see gains this year?

The seasonals are certainly strong. Over the last 10 years between March 23 and July 25 Meta shares have risen by an average of over 25%. The winning percentage is also 100% and the maximum drawdown is just over 12%. So, is Meta worth buying into this year?

Major trade risks: The major trade risk here is that a hard US recession further weighs on sentiment.

Learn more about HYCM

Author

Giles Coghlan LLB, Lth, MA

Financial Source

Giles is the chief market analyst for Financial Source. His goal is to help you find simple, high-conviction fundamental trade opportunities. He has regular media presentations being featured in National and International Press.

EUR/USD hovers around nine-day EMA above 1.1800

EUR/USD remains in the positive territory after registering modest gains in the previous session, trading around 1.1820 during the Asian hours on Monday. The 14-day Relative Strength Index momentum indicator at 54 is edging higher, signaling improving momentum. RSI near mid-50s keeps momentum balanced. A sustained push above 60 would firm bullish control.

GBP/USD holds medium-term bullish bias above 1.3600

The GBP/USD pair trades on a softer note around 1.3605 during the early European session on Monday. Growing expectation of the Bank of England’s interest-rate cut weighs on the Pound Sterling against the Greenback.

Gold sticks to gains above $5,000 as China's buying and Fed rate-cut bets drive demand

Gold surges past the $5,000 psychological mark during the Asian session on Monday in reaction to the weekend data, showing that the People's Bank of China extended its buying spree for a 15th month in January. Moreover, dovish US Federal Reserve expectations and concerns about the central bank's independence drag the US Dollar lower for the second straight day, providing an additional boost to the non-yielding yellow metal.

Bitcoin, Ethereum and Ripple consolidate after massive sell-off

Weekly column: Saturn-Neptune and the end of the Dollar’s 15-year bull cycle

Tariffs are not only inflationary for a nation but also risk undermining the trust and credibility that go hand in hand with the responsibility of being the leading nation in the free world and controlling the world’s reserve currency.

Bitcoin, Ethereum and Ripple consolidate after massive sell-off

Bitcoin, Ethereum, and Ripple prices consolidated on Monday after correcting by nearly 9%, 8%, and 10% in the previous week, respectively. BTC is hovering around $70,000, while ETH and XRP are facing rejection at key levels. Traders should be cautious: despite recent stabilization, upside recovery for these top three cryptocurrencies is capped as the broader trend remains bearish.