The US authorities filed a lawsuit against Facebook - what are the implications?
Stocks jumped on better-than-expected earnings reports
The start of the US trading session has been positive for traders of Tesla and Microsoft. The financial data of companies bit estimates.
The adjusted earnings per share of Tesla came out at $1.86 vs. $-0.15 expected. The stock of a company gapped up towards the $304.93 level but then fell immediately towards $290.1. The next support lies at $281.6. The retest of the 304.93 level will increase the chance of a breakout of this level and reaching the next resistance at $312.8.
The EPS of Microsoft reached $1.38 (versus $1.25 expected). Plus, the report showed a larger-than-expected revenue ($33.06 vs. $32.23). The price of stocks tested the $140.11 level. The next resistance will lie at $141.62. From the downside, the support levels lie at $136.55 and $134.5.
Russian media companies are complaining that Youtube and Facebook block them. So sad. Now, what about the stock price?
Have you seen the Tesla stock price? But it has already dropped from that high... will it move up again?
The European Central Bank will publish the monetary policy statement with the interest rate decision on January 21, at 14:45 MT time.
Joe Biden is going to unveil a Covid-19 relief package of about $2 trillion. After this announcement, the 10-year Treasury yield rose, adding support for the USD.
The US dollar’s weakness offered a boost to emerging-market currencies and oil.