2021-07-23 • Updated
When Twitter Inc. and Snap Inc. posted quarterly revenue that blew past analysts’ expectations, the results bumped up the shares of the two of their larger rivals: Facebook Inc. and Alphabet Inc.
While Facebook and Google parent Alphabet doesn’t report their numbers until next week, the tech giants are also in the digital advertising business, and the reports from Twitter and Snap answered some lingering investor questions. The pandemic, which caused businesses to sell more of their products online, has started to subside in some parts of the world, but it turns out advertisers are still increasing their budgets.
The momentum burst that we saw over the past few days after the quick dip at the beginning of this week is also considered as an early sign of a breakout including Facebook, SNAP, Twitter, and Google.
With that being said, it looks like the correction in tech stock is over and earnings may prove such an outlook.
Twitter showing some promising pattern here, with a possible inverted head and shoulders formation on the daily chart, while the neckline is now trading around 70.50 which might get tested in today’s session. A weekly close above the neckline would be a clear signal to start building a position gradually with every dip, with an initial target of 73.
For the third time in a row, Apple reports a dip in sales as it releases its report for Q2 2023. The announcement led to a 7% drop in stock prices as more investors seemed to lose confidence in the stock’s performance.
XBRUSD and XTIUSD might experience massive volatility due to the Chinese GDP release on Tuesday, October 18.
Fed Chair Powell’s comments on the Jackson Hole Symposium resulted in the worst weekly candle in the US500 index since June. Most risky assets experienced severe drawdowns, and EURUSD returned to the above-parity area. We explain everything you need to know about the Symposium in this article.
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!
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