Google's parent company Alphabet Inc. is scheduled to report its quarterly earnings for the three months leading to December 2020 tomorrow after the market close. What most investors and traders will be looking for in the earnings report of the Silicon Valley giant are clues that the company can continue to outperform the rest of the U.S. tech sector in terms of value growth. [...]
Read full analysisThe GBPUSD pair has been flexing muscles for quite a while now, refusing to go down just yet despite continuously mounting expectations for a new bearish correction. The reasons for the pound's strength are complex - from post-Brexit optimism to strong global demand for riskier securities. This rally is poised to cave in eventually and given this week's busy schedule, this could happen in the very near [...]
Read full analysisCrude oil's price finally recovered fully the losses incurred in the wake of the coronavirus crisis by reaching its pre-crash levels. This happened after the commodity managed to break the psychological 50.00 dollars per barrel threshold. Now there is a new challenge for the rallying energy market. [...]
Read full analysisThe price of gold has been consolidating within a narrow range around the psychologically significant support level at the 38.2 per cent Fibonacci retracement since the expectations of our last analysis of the commodity were fulfilled. The reason for the temporary pause in the development of the recent downtrend is the FOMC meeting, which is scheduled to take place later today. [...]
Read full analysisOne of Wall Street's favourite blue-chip companies is scheduled to report its quarterly performance next and traders' anticipation is unsurprisingly building up. Apple is expected to deliver its earnings report tomorrow after the market close, which means that its impact would be reflected on Thursday's open. [...]
Read full analysisThe EURUSD failed to break out above the historic resistance level at 1.23000, which was the primary focus of our previous analysis of the pair, thereby, effectively concluding the preceding bullish trend. In that regard, the underlying trading setup remains the same - take advantage of the subsequent trend reversal into bearish territory. [...]
Read full analysisThe earnings season in the U.S. is gaining speed, and Morgan Stanley is the next financial institution in line to report quarterly earnings for the three months to December 2020. The bank is set to do so tomorrow before the market open. JPMorgan Chase kicked-off the cycle last week. Morgan Stanley's share price is currently consolidating just below a historically significant resistance level, which was last [...]
Read full analysisThe biggest bank in the U.S. is scheduled to release quarterly earnings data for Q4 of 2020 today before the market open. JPMorgan Chase's stock currently finds itself on an 8-days long bullish run ahead of today's numbers, which begs the question of just how much longer could this run be extended before a correction takes place? [...]
Read full analysisSimilar to what we argued concerning the Nasdaq index yesterday, the German DAX seems to be in the same position. German share prices have been rallying alongside the global stocks hike, and now the biggest index in Germany has even managed to reach above the peak that was reached just before the coronavirus crash of early 2020. [...]
Read full analysisAt the close of last week's trading session, the Nasdaq composite broke out above the psychologically significant resistance level at 13000.00 and closed at an all-time peak (13105.20). The U.S. technological sector is evidently performing quite well just days before the beginning of the new earnings season. The appeal for tech stocks has risen over the recent weeks due to the historically low yields in [...]
Read full analysisGoogle's parent company Alphabet Inc. is scheduled to report its quarterly earnings for the three months leading to December 2020 tomorrow after the market close. What most investors and traders will be looking for in the earnings report of the Silicon Valley giant are clues that the company can continue to outperform the rest of the U.S. tech sector in terms of value growth. [...]
The GBPUSD pair has been flexing muscles for quite a while now, refusing to go down just yet despite continuously mounting expectations for a new bearish correction. The reasons for the pound's strength are complex - from post-Brexit optimism to strong global demand for riskier securities. This rally is poised to cave in eventually and given this week's busy schedule, this could happen in the very near [...]
Crude oil's price finally recovered fully the losses incurred in the wake of the coronavirus crisis by reaching its pre-crash levels. This happened after the commodity managed to break the psychological 50.00 dollars per barrel threshold. Now there is a new challenge for the rallying energy market. [...]
The price of gold has been consolidating within a narrow range around the psychologically significant support level at the 38.2 per cent Fibonacci retracement since the expectations of our last analysis of the commodity were fulfilled. The reason for the temporary pause in the development of the recent downtrend is the FOMC meeting, which is scheduled to take place later today. [...]
One of Wall Street's favourite blue-chip companies is scheduled to report its quarterly performance next and traders' anticipation is unsurprisingly building up. Apple is expected to deliver its earnings report tomorrow after the market close, which means that its impact would be reflected on Thursday's open. [...]
The EURUSD failed to break out above the historic resistance level at 1.23000, which was the primary focus of our previous analysis of the pair, thereby, effectively concluding the preceding bullish trend. In that regard, the underlying trading setup remains the same - take advantage of the subsequent trend reversal into bearish territory. [...]
The earnings season in the U.S. is gaining speed, and Morgan Stanley is the next financial institution in line to report quarterly earnings for the three months to December 2020. The bank is set to do so tomorrow before the market open. JPMorgan Chase kicked-off the cycle last week. Morgan Stanley's share price is currently consolidating just below a historically significant resistance level, which was last [...]
The biggest bank in the U.S. is scheduled to release quarterly earnings data for Q4 of 2020 today before the market open. JPMorgan Chase's stock currently finds itself on an 8-days long bullish run ahead of today's numbers, which begs the question of just how much longer could this run be extended before a correction takes place? [...]
Similar to what we argued concerning the Nasdaq index yesterday, the German DAX seems to be in the same position. German share prices have been rallying alongside the global stocks hike, and now the biggest index in Germany has even managed to reach above the peak that was reached just before the coronavirus crash of early 2020. [...]
At the close of last week's trading session, the Nasdaq composite broke out above the psychologically significant resistance level at 13000.00 and closed at an all-time peak (13105.20). The U.S. technological sector is evidently performing quite well just days before the beginning of the new earnings season. The appeal for tech stocks has risen over the recent weeks due to the historically low yields in [...]