According to the earnings report published yesterday:
→ Tesla's revenue for the 3rd quarter amounted to USD 23.35 billion, expected USD 24.18 billion;
→ earnings per share amounted to USD 0.66, expected USD 0.73.
That is, the actual numbers turned out to be worse than forecasts. But the main negative can be considered the statements of Elon Musk, according to...
Pushing off the lower boundary of the ascending channel, the price of Brent oil rose by more than 8% amid fears of an escalation of conflict in the Middle East, which should pose a problem both for the US economy, which suffers from high inflation, and for President Biden personally on the eve of the elections.
The situation is aggravated by the fact that oil...
Yesterday's closing price was 345.83, but this morning, NFLX's price rose above USD 390 per share in premarket trading. The reason is a strong report:
→ earnings per share = USD 3.73, expected = USD 3.49;
→ revenue = USD 8.54 billion, a year ago = USD 7.9 billion.
→ the main surprise is that the number of subscribers grew by an impressive 8.76 million in the...
UK inflation data was released this morning, showing that consumer price inflation (CPI) held steady at 6.7% in September, although economists had expected 6.6%, which would mean the CPI would continue to decline from its peak of 11.1%, achieved at the end of last year.
These data provide evidence to suggest that inflation has stalled. And the Bank of England...
USD/JPY is rising and might soon attempt a move above the 150.00 resistance.
Important Takeaways for USD/JPY Analysis Today
· USD/JPY climbed higher above the 149.00 and 149.45 levels.
· There is a connecting bullish trend line forming with support near 149.45 on the hourly chart at FXOpen.
USD/JPY Technical Analysis
On the hourly chart of USD/JPY at FXOpen,...
EUR/USD is slowly moving higher from the 1.0500 level.
Important Takeaways for EUR/USD Analysis Today
· The Euro started a decent increase above the 1.0570 pivot level.
· There is a key bullish trend line forming with support near 1.0570 on the hourly chart of EUR/USD at FXOpen.
EUR/USD Technical Analysis
On the hourly chart of EUR/USD at FXOpen, the pair...
Predicting market prices has been a considerable area of research for many decades now. From momentum to seasonal trends, this article explores five schools of thought on how prices can be predicted in financial markets.
Momentum
In trading, momentum theory posits that assets trending up or down are likely to continue in the same direction. The core idea is...
According to Yahoo Finance, the third-quarter earnings season started well despite the uncertain macroeconomic environment.
Already, 32 companies in the S&P 500 have reported earnings, according to Bank of America Research's equity strategy group. Moreover:
→ actual earnings per share exceeded Wall Street expectations by an average of 9%;
→ EPS increased 1%...
Paradoxically, cryptocurrencies, which conceptually pursue decentralization goals, have become overly sensitive to regulatory news.
Surprising news from Cointelegraph that the SEC would approve an application for a spot Bitcoin ETF from BlackRock raised the price of the coin to USD 30,000.
The market’s positivity was added by the opinion of SkyBridge Capital...
The opening price on Friday was around 1,870, the closing price was around 1,930. The reason for the rapid growth of the XAU/USD quote is geopolitical tension. Israeli forces announced a ground operation in the Gaza Strip, which may be why before the weekend the markets were dominated by the forces of demand for gold as a defensive asset.
The Chinese Foreign...
Volatile markets can both be challenging and present multiple opportunities for traders. Harnessing the power of specific trading strategies, from the Bollinger Band Squeeze to the nuanced VWAP and RSI combination, can provide critical insights into potential price movements. But these aren’t trade secrets; rather powerful strategies for volatile markets that have...
EUR/GBP is rising and might climb above the 0.8665 resistance.
Important Takeaways for EUR/GBP Analysis Today
· EUR/GBP is rising and trading above the 0.8650 zone.
· There was a break above a major bearish trend line with resistance near 0.8635 on the hourly chart at FXOpen.
EUR/GBP Technical Analysis
On the hourly chart of EUR/GBP at FXOpen, the pair...
GBP/USD started a fresh decline from the 1.2335 resistance zone.
Important Takeaways for GBP/USD Analysis Today
· The British Pound is again declining and trading below the 1.2200 support.
· There was a break below a key bullish trend line with support near 1.2220 on the hourly chart of GBP/USD at FXOpen.
GBP/USD Technical Analysis
On the hourly chart of...
This week, Saudi energy minister Prince Abdulaziz bin Salman visited Moscow to discuss plans for oil production in the context of the Israeli-Palestinian conflict. The Russian president announced that Saudi Arabia and Russia's production cuts are "likely" to continue.
Meanwhile, Magid Shenouda, deputy chief executive of commodities trading giant Mercuria, told...
Yesterday, another indicator of inflation in the United States was published — the CPI (Consumer Price Index). Like the PPI (Producer Price Index), the values of which were published on Wednesday, the CPI index indicated that inflation in the US remains stable (actual = 3.7%, forecast = 3.6%, a month earlier = 3.7%, two months earlier = 3.2%), however, this time,...
Market volatility, characterised by rapid price fluctuations, presents both opportunities and challenges for traders. Understanding its causes, measuring it effectively, and employing strategies to capitalise on it can lead to better trading results. This article explores the essentials of market volatility, from its definition and measurement to strategies like...
Crude oil price saw swing moves and is now trading below the $83.70 resistance.
Important Takeaways for Oil Prices Analysis Today
· Crude oil prices failed to clear the $86.00 region and corrected gains.
· There is a connecting bearish trend line forming with resistance near $83.00 on the hourly chart of XTI/USD at FXOpen.
Oil Price Technical Analysis
On...
