Google Earnings' Boost and Crypto Comeback

Google Earnings' Boost and Crypto Comeback

Good Wednesday, everyone! It’s the middle of the trading week, and we are ready to observe the main headlines moving the markets during yesterday’s evening and today’s Asian session. Let’s go!

  • The earnings season continues! Yesterday, Google reported better-than-expected earnings and announced an additional $70 billion in stock buybacks. The first-quarter earnings were $1.17 a share (vs. the estimates of $1.08), while revenue reached $69.79 billion (vs. $68.89 billion expected). Despite the news, Google’s stock fell by 1.46%. Microsoft’s earnings bit estimates as well.
  • According to Blackrock, the US stock market hasn’t fully priced in central bank tightening yet, so investors should be careful while buying US stocks.
  • A group of Tesla investors, including pension systems and institutions, are concerned Elon Musk is too distracted to run the company properly.
  • After yesterday’s correction, EURUSD takes back its position. The pair has risen above 1.1030. The next resistance lies at 1.1090.

BTCUSD technical analysis


BTCUSD managed to return back above the ascending trend line and stick above the crossover of 200- and 50- period SMA. The next target for buyers will lie at 29 200.  After that, the psychological level of 30 000 will be the next important resistance. From those levels, we may expect a reversal back to the trendline. 

Good luck!



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