Yesterday, after the close of the main trading session on the stock exchange, the largest company by capitalization reported for the quarter.
→ AAPL EPS of USD 1.26 (expected $1.195);
→ Gross revenue was USD 81.8 billion (as expected);
→ The decline in iPhone sales was offset by strong sales in the services segment (which includes Apple TV+) and sales in China,...
Strong gains in Amazon's stock supported E-mini S&P 500 futures, which were hit by Fitch's US downgrade and Apple's disappointing report.
→ Amazon revenue for the quarter: USD 134.4 billion, +11% year-on-year;
→ profit: USD 6.8 billion for the quarter (-USD 2 billion last quarter);
→ the company continued to reduce the cost of maintaining supply chains;
→ growth...
Crude oil price is rising and it could climb further higher toward $85.
Important Takeaways for Oil Prices Analysis Today
Crude oil prices are moving higher above the $76.75 resistance zone.
There was a break above a key contracting triangle with resistance near $71.00 on the daily chart of XTI/USD at FXOpen.
Oil Price Technical Analysis
On the...
Gold price could restart a steady increase above the $1,990 resistance.
Important Takeaways for Gold Prices Analysis Today
Gold price corrected lower from $2,080 and tested $1,900 against the US Dollar.
A key bullish trend line is forming with support at $1,940 on the daily chart of gold at FXOpen.
Gold Price Technical Analysis
On the daily chart...
Description: The Williams Percent Range indicator, or simply Williams %R is a popular trading tool. This article will explain to you how to use it when trading.
Exploring the Williams Percent Range Indicator in Trading
In the vast realm of technical analysis, traders employ various indicators to assist them in making informed trading decisions. One such...
Fitch has downgraded the US sovereign credit rating by one level from AAA (held since 1994) to AA+ — having warned about this 2 months ago. However, the news came as a surprise.
The reason for the downgrade is the high and growing debt burden. This manifests itself in repeated debt ceiling cancellations and last-minute decisions. The last example is the events...
Yesterday and today, the GBP/USD rate fell below 1.27 for the first time since July 6. A number of factors contributed to this:
→ strengthening of the US dollar index due to downgrading of the US credit rating by Fitch;
→ strong data on the ADP labor market — the number of jobs in the US, excluding the agricultural sector, increased by more than 300k over the...
Positivity:
→ Advanced Micro Devices EPS of USD 58 cents (Wall Street Consensus = 57 cents);
→ Q2 revenue of USD 5.36 billion (Analysts expectation = USD 5.3 billion).
Negativity:
→ revenue from data centers decreased by 11% compared to the same period last year;
→ PC revenue fell 54% year-over-year: the pandemic is fading.
Particular attention of investors...
USD/JPY is rising and might aim to move above the 144.85 resistance.
Important Takeaways for USD/JPY Analysis
USD/JPY climbed above the 140.00 and 141.15 levels.
There is a major bullish trend line in place with support at 139.00 on the daily chart at FXOpen.
USD/JPY Technical Analysis
On the daily chart of USD/JPY at FXOpen, the pair started a...
EUR/USD started a fresh decline from the 1.1265 zone.
Important Takeaways for EUR/USD Analysis
The Euro failed to clear 1.1265 and declined below 1.1090.
There is a key bullish trend line forming with support near 1.0965 on the daily chart of EUR/USD at FXOpen.
EUR/USD Technical Analysis
On the daily chart of EUR/USD at FXOpen, the pair started a...
The Reserve Bank of Australia (RBA) this morning decided to leave the interest rate at 4.10%, although market participants expected an increase to 4.35%.
According to the forecast of the central bank, inflation in Australia will return to its target range of 2-3% by the end of 2025 from the current 6%. At the same time, a warning was made that additional...
Breakout trading is a common technique used by traders of all experience levels. In this article, we’ll explain what breakout trading is, offer some tips for breakout trading, and show a simple strategy a trader can use as a basis to start trading breakouts.
What Is a Breakout?
A breakout in technical analysis refers to a sustained move outside of a level of...
After a turbulent week filled with macroeconomic news and decisions of the central bank of the leading economies, on Monday morning futures for the E-mini S&P 500 index look bullish, being near the highs of the year.
The following factors contribute to the positive in the market:
→ Friday's data indicating a slowdown in inflation. The Core PCE Price index was...
EUR/GBP is consolidating and remains at risk of more downsides below 0.8545.
Important Takeaways for EUR/GBP Analysis Today
EUR/GBP declined below the 0.8600 and 0.8580 support levels.
There is a key breakout pattern forming with support near 0.8560 on the hourly chart at FXOpen.
EUR/GBP Technical Analysis
On the hourly chart of EUR/GBP at FXOpen,...
GBP/USD is attempting a fresh increase from the 1.2770 region.
Important Takeaways for GBP/USD Analysis Today
The British Pound started a steady increase above the 1.2805 resistance.
There is a short-term contracting triangle forming with resistance near 1.2860 on the hourly chart of GBP/USD at FXOpen.
GBP/USD Technical Analysis
On the hourly...
It happened at yesterday's postmarket. At the same time, at the peak, the price of INTC stock reached a maximum of 2023. Here are the key points voiced by Intel CEO Pat Gelsinger:
→ Sales of server chips will only recover in Q4.
→ The company is prepared to take advantage of all the opportunities that open up with the development of AI.
→ The company is focused...
Relative Strength vs Relative Strength Index: What Are the Differences?
While the Relative Strength and Relative Strength Index indicators might share similar names, it’s important to know the difference between the two. In this article, we’ll discuss their unique characteristics, offer insights into their differences, and help determine which one is best for...
The interest rate in Japan has remained unchanged since 2016 at -0.1%. Thus, the leadership of the Bank of Japan, unlike its counterparts, is pursuing a stable ultra-soft policy. This morning, the expected decision to keep the interest rate was published, but the attention of traders was attracted by the intention of the Bank of Japan to offer the market 10-year...
