
About 24% of global central banks intend to increase gold reserves in 2023. Rising inflation, geopolitical turmoil, and worries about interest rates are reasons to increase gold reserves.
Happy Monday, dear traders! Hope you had a great weekend and you’re ready for the last trading week in 2022! Later this week we’ll announce some exciting news for you, but now let’s look through some interesting news!
USA, UK, Hong Kong, Canada, Switzerland, Australia: Markets are closed due to Christmas holidays.
COVID destroying Western tech companies is nothing new. Apple experienced production delays as early as February 2020, before the virus spread westward, and production issues have since emerged, but the situation on the ground is unprecedented now.
Many big tech companies operate in mainland China, but Apple, thanks to its relationship with Foxconn, the biggest manufacturing factory, is perhaps the best known. At Foxconn's Zhengzhou iPhone plant, the first significant signs of protest against COVID zero began.
Analysts agree that the company's revenue this quarter will fall just below the record $123.9 billion hit in the same period last year, while net income is forecast to fall more than 8%. This will break a 14-quarter earnings streak as Apple faces a shortage of 5 million to 15 million iPhones.
The Apple stock price is now on a downtrend, moving between two trendlines. Most likely, the price can bounce from the support trendline and return to the resistance level. However, if any significant news occurs, the price might drop lower to 120.
Stay tuned with us, and keep trading with FBS!
About 24% of global central banks intend to increase gold reserves in 2023. Rising inflation, geopolitical turmoil, and worries about interest rates are reasons to increase gold reserves.
Greetings to a brand new week full of events, economic releases and US debt frictions. We are here to tell you everything you need to know!
The US dollar index breaks one resistance after another. Read the report to learn the next target for the US dollar index!
Saudi Arabia agreed to cut oil production. What will happen with the oil price now?
The situation on the labor market still looks optimistic. Today we expect the Unemployment rate data. 3.5% is expected.
The first day of June should’ve brought us the US default. Unsurprisingly, the US House passes the debt ceiling bill at the latest possible moment.
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