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Tesla is a hot topic this week  as its market capitalisation rose above $1 trillion. So, Tesla has lined up among other giants, such as, Apple ($2.47 trillion of market cap), Microsoft ($2.33 trillion), Saudi Aramco ($1.99 trillion) and Amazon ($1.71 trillion). However, by revenue Tesla comes takes the 89th place on the companies list of S&P 500. Tesla stocks...

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The chain of favourable events has boosted the U.S. Dollar against the Euro and the British Pound. Firstly, the ADP employment data for October showed the number of jobs created in the U.S. private sector was 571,000, well above the forecasted 400,000. The official Non-Farm Payrolls report released last Friday confirmed a rise of 531,000 new jobs in October. Last...

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Today we will review Merck & Co stocks as I have promised recently. The company announced the launch of the first oral medication against COVID-19 with proven efficiency. Let’s analyse the chart with the Merck stocks and their upside potential. When doing analysis it is traditionally better to start from the eldest timeframes to distinguish the existing trend....

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Apple Inc. and Amazon will present their Q4 earnings reports on October 28. Let us take a closer look at Apple Inc. in order to assess the company’s stock growth perspectives. Market capitalisation of Apple Inc. rose by only 12.5% this year. And such modest gains could be explained by the enormous rally of its stocks by 80% in 2020. Despite high iPhone sale...

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The last week of October ended not with a standard rise, but with new all-time highs in the American markets. The Dow Jones and S&P 500 broad market index finished at 35819.56 and 4605.38 points, adding 5.84% and 6.91% respectively. The bearish engulfing of September has been neutralised and traders are looking to the future with renewed optimism. This week...

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The last week of October would contribute significantly to the picture of the global markets. So far we may say that fears felt at the beginning of October never came true. Quite the opposite, the Dow Jones index finished last week on new all-time highs at 35764.71 and S&P 500 broad market index which set its all-time highs at 4559.67 points. However, there is...

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When I was recently looking at the gold prices chart from the perspective of the coming months, I saw minor indications that prices may break through the strong resistance around $1800 per ounce. But all major movement start with minor steps. And within the coming week we may get a first clear sign about the rising of gold prices. If we look closer at the bullion...

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Crude prices slightly declined on Wednesday morning as API reported crude reserves in the United States were up by 3.29 million barrels, which is above expectations of 2.23 million. The Energy Information Administration (EIA) will present official figures concerning  reserves on Wednesday evening. The forecast is up from 1.857 million barrels to 428.9 million...

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The energy crisis continues to provide a strong support, not only for crude prices, but also for industrial metals. Last week aluminium added 9.2% and copper prices gained 9.17%. The absolute leader was zinc that jumped 20.49% in price. The price of aluminium, which is one of the most energy-intensive commodities, is at a record high. On Monday morning its price...

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Silver seems to be left behind amid major interest for crude, aluminum and natural gas. While silver prices are ending the week with quite a strong upside move showing intentions to leave a downward channel that has been forming since June 2021. Let’s take a closer look at the silver price chart and start with the “Morning star” candlestick pattern that has been...

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Last year was flagged by a strengthening Euro as the EURUSD started its upward trend in March 2020 from 1.0637 and reached its high in January 2021 at 1.2350, gaining 16%. This year the single European currency has to surrender along with a downside trend that started in January. Even a rally to 1.2250-1.2260 in May this year finished early with a decline that has...

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The banking sector will be starting the Earning Report season of the third quarter this week. JPMorgan, the Bank of America, Wells Fargo & Co, Citigroup, Morgan Stanley, and Goldman Sachs will be the first to publish their Q3 reports. The second quarter profit of the TOP-10 U.S. banks jumped by almost 250% year-on-year to $45.3 billion. Analysts are positively...

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International pharmaceutical giant Merck & Co announced the successful end of its clinical trial of the world’s first oral COVID-19 antiviral drug molnupiravir in the simple form of a pill. The company has claimed that molnupiravir effectively decreases the risk of hospitalization and death of sick individuals who have just contracted the virus or have advanced...

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Crude prices continue their steady rise as the Brent crude benchmark is trading close to $77.40 per barrel. The July high is at $77.84 per barrel, well within arm’s reach. The rise in crude prices continues for the fourth consecutive day as investors digest the recent damages to the U.S. oil industry caused by two recent hurricanes. The damages were confirmed by...

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By the end of August, external factors for the oil market turn favorable. And the major reason for it is the OPEC+ decisions that were made this week. Despite improving fundamental market indicators OPEC+ underlined still existing uncertainty in the market. Nevertheless, the cartel and its allies confirmed their decision to move forward with increase in production...

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The question of the U.S. Debt limit is off the agenda at least for two months after President Joe Biden signed a funding bill to prevent government shutdown and allow funding through to December 3. Investors held their breath last week to see where stock indexes would land, and the answer is they  rebounded by 0.82-1.43%. The new week starts with the OPEC+ meeting...

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This autumn would be long remembered in the market as crude, coal and natural gas prices jumped simultaneously to their several year highs. European Union is planning to expand its move towards green energy to become carbon neutral by 2050. However, to change the world as we know it is hard to do at once. Meanwhile, prices of traditional sources of energy such as...

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September is almost over but a cloudy sentiment is covering the stock market in the United States More and more investors are getting inclined to take sell positions. U.S. Treasury Secretary Janet Yellen said that the federal budget is at risk of running out of money by October 18 if the Congress fails to pass the bill to suspend debt limit. “We know from previous...