This week Apple, Microsoft, Google, Facebook, Pfizer, and other large US companies will deliver earnings reports…
Facebook: paradise lost?
The US authorities filed a lawsuit against Facebook. The essence of the case: the IT-giant is accused of being a monopoly and doing everything to stay a monopoly. Acquisition of WhatsApp and Instagram is largely seen as moves to prevent any possible competition.
As a result, Facebook lost 4%. The thing is, Instagram and WhatsApp are crucial for Facebook revenues now. If those two depart from Facebook, one way or another, it may be a serious hit at its money flows, integrity, and long-term future. But the truth is that it seems that the US authorities are now paying closer attention to “dilute” the e-media sector. Google, Facebook, Youtube – we’ve hardly known any alternative to those labels when we come to search for information, watch a video, or communicate with a friend. Why so? Because Facebook and the likes of it have been there at the beginning and invented their respective markets and industries. No surprise we know no one else but them. But does it mean they should stay at the top of it, or, occupy most of it? Joe Biden’s administration will eventually decide on that.
So far, the uptrend is still on, with $300 being not a very far away target.
Virgin Galactic’s Branson flew to space, but the stock of Virgin Galactic (SPCE) dropped. Why?
Virgin Galactic (SPCE) will launch Richard Branson to space on July 11, aiming to beat Jeff Bezos.
The Reserve Bank of Australia (RBA) will hold a meeting and announce changes to the monetary policy on August 3, at 07:30 MT time (GMT+3).
What events to follow and how to trade during the week of July 2-6?
EUR/USD retraced to 1.1870 after breaking out this level. It should be just a natural sell-off ahead of the further rally up.