What's moving markets on April 22? Read the report to know!
Fed's intention to turn dovish and risks for Apple and Facebook
The final interest rate decision by the Bank of England
Today we are awaiting the monetary policy report by the Bank of England at 14:00 MT time. While traders are assessing the chances of a surprise rate cut by the regulator as the last chance for the BOE governor Mark Carney to influence monetary policy. You can read more about it in today’s analysis.
Fed Chair Powell: the shift in inflation strategy is possible
While no major changes to the monetary policy were announced during the yesterday’s release of the FOMC statement, the Federal Reserve Chair Jerome Powell hinted about one important upcoming update on inflation. As we suggested in the article, the Fed will take additional measures to boost the inflation above the 2% target. Thus, we may expect the Fed turning more dovish in the nearest future.
Facebook's financial results are upbeat, but investors are cautious.
The biggest social media company reported the slowest quarterly sales growth during yesterday’s earnings release. Despite upbeat EPS (2.56 vs. 2.53) and a quarterly record of $21.08 billion in revenue, the profitability growth rate made investors worry about the future performance of a company. Thus, the performance of a company’s stock was quite mixed, however, the price managed to close above the resistance at 222.45.
Coronavirus affects Apple
Apple closed more stores in China due to coronavirus spreading. The news may have a negative effect on the price of Apple stock, despite a positive company’s results reported on Wednesday. As a result, the stock price formed a doji candlestick on the daily chart.
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Check our story about the stocks that have the potential to go either up or down big time! In this article, we'll tell you about Nvidia, Apple, Philip Morris, and Coinbase.
Once in a month, the euro has a very special day of increased volatility at the start of the European trading session.
The relationship between the US and Turkey is not going well. Neither do things for the Turkish lira.