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scavoanastasiia Updated 

The attention of many stockbrokers is now focused on the Turkish stock market. And not only because of the second round of presidential elections scheduled for May 28. The main reason lies in another - this market has shown tremendous profitability on the horizon of the last 3 years. In the period 2020-2022, the main Turkish index Borsa Istanbul 100 (BIST 100)...

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A few days ago, America announced the uncapping of strategic oil reserves, which are now at the lowest level in the last 20 years - about 570 million barrels. Regular sales of 1 million barrels per day of oil will lead to their reduction by another third. But today oil quotes are getting more expensive again, as the sale of oil from the US strategic reserve will...

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It's make me angry! All this situation around Ukraine. I'm from Russia and I'm not ashamed of it. Although there has come a period that it is not safe to be Russian now. And I'm worried about my kids because their mama is Russian. My husband from Germany and we live in Germany now and it is here that anti-Russian sentiments are especially strong! I always...

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January 2022 was challenging for the U.S. stock market as the month suddenly wiped out most of its gains from the last three months of 2021 amid rising chances of harsh monetary tightening this year. While sellers took a temporary breather, JPMorgan suggests that the market has not reached the bottom yet. Technically we may be speaking about the sustainability of...

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The Greenback turned even greener as the U.S. Dollar index (DXY) jumped to 97.33 - a record high that has not been reached since July 2020 - and performed the best upside weekly jump in the last seven months after the Federal Reserve (Fed) chief Jerome Powell bet on five or more interest rate hikes in 2022. The American currency rocketed the Euro, the British...

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Tesla (TSLA) will publish its Q4 2021 financial report on Wednesday with forecasted Earnings per share (EPS) at $2.21 and revenue at $16.79 billion. The revenue for Q3 2021 was at $13.8 billion. Tesla stocks fell to $851.47 per share on January 24 and are now traded around the long-term support line of the trend that started in March 2020. Since prices are above...

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The U.S. Stock market plunged last week as the Dow Jones index dropped by 4.58%, the S&P 500 broad market index lost 5.68%, and the Nasdaq 100 index shrunk by 7.55%. The main reason for such declines may be the rise of  U.S. Treasuries yield ahead of the Federal Reserve’s (Fed) meeting on January 25-26. The 10-year U.S. Treasuries yields rose to 1.902% on January...

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American Airlines (AAL) delivered its Q4 2021 report on Thursday showing that its revenue reached its highest point since the beginning of the pandemic. Nonetheless, the company saw an overall loss in 2021 for the second consecutive year. The airline’s management said that it clearly saw a rise in demand for airline services in 2021, which was partially offset by...

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Crude prices continue to rally as Brent crude benchmark prices rose to $89.04 per barrel on Wednesday, almost erasing the plunge of crude prices since 2014.  Crude prices rose after Yemen's Houthi group attacked the United Arab Emirates rising fears over further supply tightening. The attack further escalated hostilities between the Iran-aligned group and a Saudi...

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The U.S. Corporate reporting season is gathering up steam. Goldman Sachs and the Bank of New York will report on Monday amid Martin Luther King Day Celebrations in the United States. Alcoa, the Bank of America, and Morgan Stanley will join the reporting fever on Tuesday followed by Netflix on Wednesday. However, the first corporate reports released last week...

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JPMorgan, Citigroup and Wells Fargo are going to publish their quarterly earnings reports on Friday.JPMorgan’s Earnings per share (EPS) is expected to be at $3.03 and its revenue is forecasted to be $29.89 billion. Wells Fargo is expected to report EPS at $1.12 and revenue at $18.9 billion, while Citigroup is seen to report EPS at $1.38, and revenue at $16.75...

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Oil prices are rising for the fourth consecutive week as Brent crude benchmark prices rose to $83.77 per barrel. The technical picture suggests a further climb of prices which may be pushed by the following factors: 1. Brent crude prices returned to the upward trend that began in April 2020. Prices were below the support level of the trend during the last days of...

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The stock market in the United States went into correction after peaking all-time highs on the S&P 500 broad market index at 4818.62 points and Dow Jones – at 36952.53 points. The correction seems to be justified as many divergences are seen on some oscillators and are amid profit taking on all-time highs. We may hardly see stock indices on new all-time highs this...

scavoanastasiia Updated 

The overall decline of Brent crude benchmark prices from $86.70 per barrel to $65.72 went within the five-wave pattern. Yet, it could possibly transform to an ABC correction with an A wave that we are witnessing now, or we may have an incoming bearish trend, but we may certainly depict one more downside wave. The first wave that finished from $86.70 to $80.20; The...

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After a drop to $69.28 per barrel Brent crude prices quickly rebounded to the upside on Wednesday touching $74.57. And there are several fundamental and technical reasons for it.First, gas prices in Europe skyrocketed to $180 per MWh for ICE Dutch TTF January gas futures on Tuesday, or by 22.7% in a single day. This lift off of gas prices also pushed crude prices...

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This week started with rising fuel prices, as it is getting colder in Europe. The ICE Dutch TTF January gas futures’ prices are close to $160 per MWh and are above October all-time highs. The Weather forecast reports that the temperature will soon drop below zero centigrade in several European cities, and that may cause the power grid to exceed its capacity. But...

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This year stocks of Tesla, a leading electric vehicles producer, hit new all-time highs at $1243. Now they are almost $300 less than that and you certainly are face with the question of whether you should buy these stocks now or not? If we look at the weekly and monthly charts of Tesla stock prices, we may find that they started to rally in March 2020 after major...

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The Bank of England (BoE) has unexpectedly lifted its interest rates to 0.25% from 0.1%, which is the rate at which rates have been set for the last three years without any changes. The move was made on Thursday as inflation in the United Kingdom jumped to 5.1% year-on-year in November from 4.2% a month before. Moreover, the BoE indicated in its statement that...