ONLINE FOREX BROKER
2021-09-15 • Updated
Intel has changed its strategy and started flooding the market chips at discount pricing, rather than sticking to the manufacturer's suggested retail price. While some reports point toward a relative normalization of AMD's CPU supply after the pandemic, AMD has two distinct disadvantages compared with Intel. It has fewer revenue sources than its much bigger CPU rival, and AMD doesn't own the factories that produce its market-turning Zen chips.
Intel, on the other hand, has impressive vertical production integration and revenue advantage. These factors allow it to conduct a more flexible pricing policy.
AMD has seemingly been making strides in server market penetration. However, limited supply left many companies without their chips, that’s why Intel entered the game and made its chips more attractive for consumers.
AMD, Daily chart
AMD price holds by the hidden support line at $101-$102 price level. If it breaks down through this line and the 50-day moving average the way down to $95 will be open. Otherwise, watch carefully this declining trendline and enter a long trade on its breakout, in this case, the target will be $122.
Intel, Daily chart
On the daily chart, the inverted head with shoulders pattern appeared and the price broke through the shoulder line (blue line on the chart). At the moment it is getting down to $54.3 to retest this line. If it holds above the target will be at $56.5, otherwise, Intel will drop down to $51.8.
Also, I would like to mention that in the conjuncture of NASDAQ overbought, it is risky to open long trades in technological companies, that’s why I suggest you wait until the price breaks through the $51.8 support level and open short trade with a $44.2 target.
In a call scheduled for January 25, 00:30 am GMT+2, the Tesla Inc. team will publish the company's earnings for the final quarter of 2022 and comment on the results, projections, and outlook for the nearest future of the company.
The Netflix stock (NFLX), with a market cap of $145.17B and a whooping 10 000+% rise since its inception 16 years ago, experienced some turbulence for a short period last year while trading around the $250 share price. However, the NFLX stock quickly recovered and rose to over $300 towards the end of the previous quarter of 2022.
The Q4 earnings season has been interesting, mainly because of the turbulent global economic outlook. On this premise, analysts forecast a disappointing performance for several stocks ahead of the Q4 earnings report publishing.
Last year was tough for the Japanese yen. USDJPY gained more than 30% over 2022, striking above 150 in October. While anticipation of slower Fed rate hikes pulled the pair below the 130 level at the start of 2023, the speculations over the destiny of BOJ’s yield control policy grabbed the attention of the Japanese assets in the middle of January. What lies ahead for traders of the Japanese yen?
Today, at 5:00 pm (GMT +2), the Bank of Canada will publish the Overnight Rate, which represents short-term interest rates, and is pivotal to the overall pricing of the Canadian Dollar in the global markets. Let's look at how the markets are faring ahead of the BoC rates release.
In a call scheduled for January 25, 00:30 am GMT+2, Microsoft will publish the company's earnings for the final quarter of 2022 and comment on the results, projections, and outlook for the nearest future of the company.
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