
The bullish movement in the stock market is gaining speed, and Bitcoin ETFs are closer than they might seem. What do we need to know for the next trading week?
Every year in early autumn Apple holds its event where it presents new iPhones, Apple Watches, and iPads. This year wasn’t an exclusion. But yesterday’s presentation didn’t result in Apple stock growth, and here’s why.
Apple has presented several new models of already familiar products:
Seems like a fair trade, isn’t it? Lots of new products and decent improvements, but that’s now quite true. The thing is this presentation didn’t show us anything truly special, new, or at least some huge update on any of the products. Instead, we had got some minor updates on both hardware and software parts.
First, the expectations were already in the price, and as you can see on the chart below, Apple stock prices have been surging in anticipation and managed to make a new all-time high.
Second, we consider the consequences of this event as weak. Without any “revolutionary” products have been shown, only new iPad Mini (that is lovely) and an Apple Watch with a mesmerizing screen can generate enough revenue for the company, thus, the target price for Apple now can move lower as the company might generate less income in the future.
Let’s look at the chart to analyze its further movements. Apple had a false breakout of the channel and now has a chance to plunge to the middle or the lower border of it before the uptrend continuation.
Apple daily chart
Support: 145.0; 140.0; 130.0
Resistance: 155.0; 160.0
The bullish movement in the stock market is gaining speed, and Bitcoin ETFs are closer than they might seem. What do we need to know for the next trading week?
On Wednesday, September 22, Microsoft will be holding a product launch. The event starts at 18:00 GTM + 3.
Richard Branson offloaded nearly 10 million shares, which equals about 4% of the Virgin Galactic stock, leaving him with an 18% stake.
The Federal Open Market Committee, a committee within the Federal Reserve, will reveal a detailed record of the central bank’s last meeting on July 6 at 21:00 MT.
The Reserve Bank of Australia will announce its cash rate and make a statement about future rate policy on Tuesday, July 5, at 07:30 MT.
The US Institute for Supply Management will release ISM manufacturing PMI on July 1, 17:00 GMT+3.
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.