
Good morning, traders! Here’s the most impactful news of the week and the day. The market will be highly volatile, so you better be ready.
PayPal brought an EPS of $1.22 vs. $1.01 and revenue of $6.03 vs $5.90 beating the market expectations. Also, the CEO of the company announced that they are moving towards a digital wallet that’ll allow crypto asset transfers. Nevertheless, the forecast-beating data and the new market expansion plan were not enough to push the stock through the local resistance level or even make it come closer to $275. The price is trebling above the local support of $245, below all the MAs, and doesn’t seem exactly bullish at the moment.
General Motors performed far better than PayPal against the forecasts. The estimation of the market was an EPS of $1.04 and revenue of $32.67. While the actual revenue was $32.47, the EPS resulted to be $2.25 –more than twice as much as the market expected. That impressed observers enough to make the stock bounce off the local lows of $55 and make it cross all the MAs challenging local highs. The all-time high of $63 is now a feasible target for bulls.
Booking Holdings was having a different struggle during the first quarter of the year. As the travel was most hit by the virus, observers were expecting a loss in line with the industry-wide damage. Booking managed to report losses less than the market estimates: an EPS of -$5.26 was brought against the expectation of -$5.97, and revenue of $1.24B beat the forecast of $1.2B. Despite the positivity of the report, the stock price did not rise nor did it even stay afloat around $2340 when the report was out. Instead, it dropped to $2260 reflecting the disappointment of investors and presenting a fragile short-term outlook.
Moderna’s plunge was spectacular. It beat the EPS expectation of $2.6 with the actual figure of $2.84 but revenue missed the target: $1.94B vs a greater forecast of $2.23B. Apparently, the disappointment was big enough to make the stock price plunge to $145 erasing gains of the last three weeks. Although it quickly recovered some of the losses rising to $160, the resistance zone of the all-time highs of $188 is far away once again.
Good morning, traders! Here’s the most impactful news of the week and the day. The market will be highly volatile, so you better be ready.
In today's market insights, we delve into Citibank's oil price predictions, the evolving competition between Huawei and Apple, the Saudi Arabia-Tesla partnership, and the upcoming rate decisions from the world's major central banks.
Good Wednesday, dear traders! Let’s look at the main news ahead of the main event that will shake the markets: the release of US CPI at 15:30 GMT+3!
The Japanese yen fell to its lowest level against the US dollar in 33 years. Read the full report to learn the next target for USDJPY!
The US stock market fell in the third quarter. What's going on and why economists think that the last quarter will be better? Let's discuss it all here.
BlackRock CEO forecasts the Fed may have to raise rates further. The US dollar index (DXY) gains 130 points today. Read the full report to get more fresh news and technical analysis!
FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.
Your request is accepted.
A manager will call you shortly.
Next callback request for this phone number
will be available in
If you have an urgent issue please contact us via
Live chat
Internal error. Please try again later
Don’t waste your time – keep track of how NFP affects the US dollar and profit!