ONLINE FOREX BROKER
2021-06-24 • Updated
These days, investors’ attention is on Microsoft ahead of the company’s Windows 11 event on June 24. MSFT will uncover the “next generation of Windows”, that’s why the stock price has surged: the tech giant reached the all-time high of $263.50. It is still unclear what the company will release during the event, but investors tend to follow the rule “buy the rumor, sell the fact”.
According to TipRanks, Microsoft currently holds a “Strong Buy” recommendation. According to JPMorgan, the stock price will hit $270 – the lowest price target among other banks. Goldman Sachs set a price target at $340, which is 30% higher than the current levels.
Just to remind you, Microsoft is not only Office 365, it’s a lot more! Think of Xbox and Teams. The company's cloud offerings are Azure infrastructure services, Office 365 productivity software, and Dynamics enterprise software. Besides, Microsoft owns LinkedIn, Skype, OneDrive, and GitHub.
Microsoft takes one of the leading positions in cloud computing among Google and Amazon. After the coronavirus outbreak, cloud services become essential for most companies. In 2020, the company introduced Microsoft Cloud for Healthcare. In April 2021, it bought Nuance, a leading provider of artificial intelligence services for healthcare. You can hardly find any more important industries amid the Covid-19 pandemic than cloud computing, AI, and healthcare. It seems that Microsoft is engaged in almost all high-potential industries!
Microsoft is moving inside the ascending channel. Now, it’s getting closer to the psychological mark of $270.00. It’s unlikely to break it on the first try as the RSI indicator is approaching the 70.0 level, which signals the stock will be soon overbought. However, if Microsoft surprises investors on June 24, it may skyrocket! Keep updated! Support levels are at the low of June 16 at $255.00 and the 100-day moving average of $245.00.
Don't know how to trade stocks? Here are some simple steps.
The Bank of England (BoE) has dramatically shifted its economic forecasts. They no longer expect a recession in the UK and have upgraded their growth projections. This year, the BoE predicts GDP growth of +0.25%, a significant improvement from previous expectations. Next year's forecast is even more optimistic, with a projected growth of 0.75%.
On Wednesday, the US dollar weakened in anticipation of the US CPI data, which could influence market exposure. A Bloomberg survey predicts a year-on-year read of 5.0% to the end of April. Market sentiment is affected by the US debt ceiling and issues with regional banks. While the major APAC equity indices are...
I know we've had quite an amazing run these past few month, with over 78% accuracy in our trade ideas and sentiments, and thousands of pips in profits monthly...
Are you aware of the recent crackdown by the SEC on major cryptocurrency exchanges, Binance US and Coinbase? Surprisingly, savvy Bitcoin traders seem unfazed, as options-based implied volatility metrics indicate. It appears that the lawsuits were anticipated and already factored into the market. Implied volatility reflects investors' expectations of price turbulence, but little evidence of heightened concern exists.
Let's dive into the recent debt ceiling saga in the US and its implications for the economy, deficit, and inflation. The good news is that a new debt deal is on the horizon, saving us from a potential default on June 5. Phew! This deal will impact the economy by providing stability and avoiding a financial catastrophe.
Get ready for some suspense as the Bank of Canada faces a tough decision on whether to raise interest rates or keep them on hold. The resilient Canadian economy and the goal of curbing inflation further are at the heart of this dilemma. While some money markets and economists predict another rate hike, others believe the central bank should exercise caution and wait, hinting at a possible increase later in the summer.
FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.
Your request is accepted.
A manager will call you shortly.
Next callback request for this phone number
will be available in
If you have an urgent issue please contact us via
Live chat
Internal error. Please try again later
Don’t waste your time – keep track of how NFP affects the US dollar and profit!
Beginner Forex book will guide you through the world of trading.
We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.
|
