ONLINE FOREX BROKER
2021-02-02 • Updated
Ford will publish its Q4’2020 earnings on the night of February 4-5. What to expect?
Ford and Google shares rose on Monday after the companies signed a partnership to produce connected vehicles powered by Google's Android operating system. “As Ford continues the most profound transformation in our history with electrification, connectivity, and self-driving, Google and Ford coming together establish an innovation powerhouse truly able to deliver a superior experience for our customers and modernize our business,” Ford President said.
Jim Cramer, CNBC's journalist, and hedge fund manager, recommended buying the dip Ford Motor Company after earnings. Ford is now one of the stocks to consider buying after Tesla under Biden’s green energy boom. The President pledged to fight climate change and support the development of zero-emission vehicles. His goal is to reach a carbon-free energy sector in the US by 2035. Ford should benefit due to its approach to its "digital transformation".
There’s an interesting situation on the Ford weekly chart. We can notice the basic case of retracement. The key level is $10.50 as the price has failed to cross it many times when this level was both support and resistance. Retracement to a key level creates the optimal situation to enter the market. In the chart below you can notice that the price has pulled back to the key level after it closed above it. Since the stock is moving in an uptrend, this pullback should be a natural sell-off ahead of the further rally upwards. The move above the high of January 17 at $12.00 will push the price up to the record high of $13.50 unseen since 2018. Support levels are $8.75 and $7.50.
You can also trade Ford stock with FBS Trader mobile app. Remember that stock trading starts as the US session begins (at 16:30 MT time).
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The past two years have seen the biggest swings in oil prices in 14 years, which have baffled markets, investors, and traders due to geopolitical tensions and the shift towards clean energy.
After months of pressure from the White House, Saudi Arabia relented and agreed with other OPEC+ members to increase production.
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!
Let's dive into the latest developments shaping the global economic landscape. Good news first: the threat of an unprecedented US debt crisis has receded, as US lawmakers passed a bill to raise the debt ceiling and avoid a catastrophic default. Phew! But don't pop the champagne just yet, because storm clouds are still looming. High inflation, rising interest rates, and sluggish growth are challenges that have yet to disappear.
Thanks to the incredible advancements in horizontal drilling and fracking technology, the United States has experienced a mind-blowing shale revolution. They've become the heavyweight champion of crude oil production, leaving Saudi Arabia and Russia in the dust. They even turned the tables and became net exporters of refined petroleum products in 2011.
Let's dive into the world of gold. Currently, the price of gold, represented by XAUUSD, is stuck in indecision, hovering around the $1,975 mark. The market is anxiously awaiting two important factors: the release of the Federal Reserve's meeting minutes and the extension of the US debt ceiling.
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