The Turkish lira hugely dropped today, which pushed USD/TRY up to highs unseen since November 2020. Oil started recovering its losses after the worst week since October.
Google will release earnings on April 28
This week and the next one the world’s top companies will report their first quarter earnings. Will the leading firms remain leading under the coronavirus pressure? Let’s start with Google.
Advertising generates roughly 70% of the Google’s total revenue. And these days many companies have stopped advertising their products and services, as they lost their customers amid the coronavirus spread and they can’t afford it anymore, especially travel and hospitality industries. Paid clicks make nearly 20% of the Google’s revenue. Looking at the proportions, even higher volumes of users could hardly offset the drop of the advertising revenue. This might be a signal for an upcoming way down. Anyway, we will see its performance in its earnings report on April 28 at 23.30 MT time.
Let’s look at the chart below to know where is the Google stock now. It declined by 500 dollars from February 20 to March 23. Then it reversed and now its price is 1268 dollars. That is near 50% Fibonacci retracement level. Resistance line is 1333. Support line is 1211.
Check the economic calendar and catch the market momentum right on time!
Let's see what interesting changes to his portfolio Mr. Buffett has done
The BTC skyrocketed to $50 000 but dropped just below this level. The total crypto market cap has surpassed $1.5 trillion.
Coinbase Global Inc., the leading cryptocurrency exchange in the US, will go public on the Nasdaq index on April 14!
The American inflation rate is announced on Tuesday at 15:30 MT. It’s an important event for traders as it will impact hugely currency pairs with the USD.
In this article, you'll find the latest news and tech analysis of EUR/USD, gold, and GBP/USD!