Surging coronavirus cases and a stalemate in Washington over the next fiscal aid bill darkened the economic outlook in the run up to Nov. 3 presidential elections.
APPLE: market unimpressed
2020-10-15 • Updated
Very short: on October 13, Apple held its yearly event, this time online, as “Hi, Speed!”. During the event, it presented the iPhone 12 series, HomePod Mini, MagSafe wireless charger system, and the 5G technology being the theme of the day. A “breakthrough” as they said... Well, as breaking as it is, it didn’t impress the market much. In fact, the price dropped during and after the event. It was at $125 when the event started and dropped $5 in value. Currently, it is slightly above $121. Of course, it will go up later on, but this article is just to analyze how Apple’s event moved the price. It moved it downwards.
Your plan? Observers say Apple is a buy. Sales projections are good. So if you want to go long-term and practice positions trading – that’s a good stock to have.
Don't know how to trade stocks? Here are some simple steps.
- First of all, be sure you’ve downloaded Metatrader 5. FBS allows you to trade stocks only through this software.
- Open the MT5 account in your personal area.
- Reveal all trading instruments by clicking “show all” at the “Market Watch” window.
- Start trading!
Gold moves to the 23.6% retracement level. It seems that gold loses strength under the current risk-off mood.
Global stocks barely budged on Friday as investors tightened positions with less than two weeks to go before the U.S. presidential election and awaited a breakthrough in stimulus talks in Washington.
Gold is trading sideways around the $1 900 level, but Biden’s victory will drive it upwards.
U.S. stock markets are set to open with a modest bounce after their worst day in over a month on Monday.
Asian equity markets resumed the weak performance seen across global peers which culminated in Wall St’s worst day in over a month