![Oil Prices Plunge On Falling Fuel Demand Concerns](/storage/article/38748/preview/xjGyZGyKj0zEcyKt_2560x600_q70.jpg)
The energy industry has undergone several major changes in the XXI that are becoming increasingly apparent…
2021-07-09 • Updated
Amazon is a US tech giant company, involved in e-commerce, cloud computing, digital streaming, and artificial intelligence. Amazon founder Jeff Bezos stepped down as CEO on July 5. Andy Jassy, who ran Amazon's cloud-computing business and worked in a company for 24 years (!), replaced Bezos.
However, it wasn’t the reason for the stock’s jump. What pushed the price up then? Pentagon! Yeah, it decided to divide the $10 billion contract of a cloud-computing deal between Microsoft and Amazon. The full contract should have gone to Microsoft only, but Amazon argued that it would be unfair and Pentagon agreed.
Moreover, Amazon made a multi-year deal with Comcast's Hollywood heavyweight Universal. Amazon will add Universal Pictures’ films to the Prime Video streaming service. It will make Amazon closer to Netflix in terms of gotta-see-it content and prominence. Overall, there has been just good news for Amazon so far.
It’s better to look at the weekly chart to see the whole picture. Since mid-summer of 2020, Amazon was moving back and forth in a horizontal corridor between $2900 and $3500. This week, it has escaped that corridor breaking above the resistance of $3500! Will it reach $4000 soon?
The energy industry has undergone several major changes in the XXI that are becoming increasingly apparent…
More and more analysts are sure Brent oil will surpass $100 a barrel. So how heavily will oil move the markets, and what will the direction of the movement be? Let's find out!
Why? Despite the fact that analysts and experts have been predicting the US stock market crash during pash year S&P500 doubled since March 2020 crush and NASDAQ is also gaining permanently…
Jerome H. Powell, the Federal Reserve chair, stated that the central bank can afford to be patient in deciding when to cut interest rates, citing easing inflation and stable economic growth. Powell emphasized the Fed's independence from political influences, particularly relevant as the election season nears. The Fed had raised interest rates to 5.3 ...
Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...
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Don’t waste your time – keep track of how NFP affects the US dollar and profit!