Major US indices trade around record highs. However, can we expect a further correction in Wall Street before the year-end?
Read my new blog here- https://gulfbrokers.com/en/can-we-expect-a-further-correction-in-wall-street-before-the-year-end
This week the main highlights of the economic calendar will be the ECB, BOJ and BOC meeting, US GDP and EU CPI.
Earnings to watch: Apple, Amazon, Facebook, Microsoft, Twitter, AMD, Merck and Boeing
Dollar Index, what next - 92.80 or 94.60?
Dow jones time to pullback?
Gold and Euro, What are the key levels to watch this week?
Read my weekly analysis here- https://gulfbrokers.com/en/weekly-analysis-gold-usd-eurusd-and-dow-jones-11
Daily Market Report - Friday, Oct 22, 2021
Seagate (NASDAQ: STX) earnings preview.
Gold price extends gains.
Oil prices remained volatile.
US stock futures flat in the early pre-market session.
Read more- https://gulfbrokers.com/en/daily-market-report-390
Daily Market Report - Thursday, Oct 21, 2021
Snap (NYSE: SNAP) Q3 earnings preview.
Gold trades near the session high while Oil prices slightly retreat.
GBPUSD struggling to hold the upside momentum.
Read more- https://gulfbrokers.com/en/daily-market-report-389
USDJPY watch carefully
The safe-haven currency hovers below 114. If the bearish momentum continues then the next support is near 113.80, below which the slide could further get extended towards 113.40 and 113. On the flip side, 114.70 will remain the key resistance level.
Shares of tech giant IBM (NYSE: IBM) slips almost 5% in the after-hours trading following the release of Q3 results. IBM revenue came slightly below the Wallstreet expectations while the revenue edged up 2.5% from the year-ago period.
EPS: $2.52 🆚$2.50 expected
Revenue: $17.6B 🆚$17.7B expected
"We are confident in achieving our medium-term objectives of mid-single-digit revenue growth and strong free ca
Biotech: Stocks to watch
Biogen (BIIB) shares up 2% in pre-market trading after the $BIIB Q3 results beat Wall Street estimates.
Novavax (NVAX) stock plunged 25% after the recent report saying it was having trouble meeting FDA quality standards for its Covid-19 vaccine.
GBPUSD slides to a fresh session low of 1.3751 following the release of UK inflation data. In the short term if the pair break below the support of 1.3735 the next immediate downside area is to watch is near 1.3690/60.
Daily Market Report - Wed, Oct 20, 2021
Tesla (NASDAQ: TSLA) earnings preview.
Oil prices slightly retreat after the release of weak API data.
Gold price rebounded back to near $1780.
Read more- https://gulfbrokers.com/en/daily-market-report-388
EURNZD bearish pressure continues, what next?
Technically the overall trend still looks bearish after last week selling pressure. The pair reaching oversold condition and coming into prior support. Watch for a bounce from the area mentioned in the graph below
Daily Market Report - Tuesday, Oct 19, 2021
Netflix (NASDAQ: NFLX) Q3 earnings preview.
Oil and gold prices recovered from the early session lows.
Wall Street is set to open higher.
Read more- https://gulfbrokers.com/en/daily-market-report-387
This week the main highlights of the economic calendar will be the inflation data from UK and EU, UK retail sales and oil EIA data.
Earnings to watch: Tesla, Netflix, IBM, Intel and UAL
This week high inflation fears and Q3 earnings will dominate the market sentiment.
Read the weekly analysis here- https://gulfbrokers.com/en/weekly-analysis-gold-usd-eurusd-and-dow-jones-10
EURGBP slumped to a fresh 1.5 year low of 0.8421. For this week, the key support area is around 0.8400.
Read the more detailed analysis here- https://gulfbrokers.com/en/currency-pair-to-focus-on-this-week-eurgbp
Daily Market Report - Friday, Oct 15, 2021
Bank of America reported solid Q3 results.
GOLD hovers near the previous session lows.
Oil prices slightly retreat after testing the weekly high.
Read more- https://gulfbrokers.com/en/daily-market-report-386
Stock to watch▶️ $UPST
Shares of UPSTART (NASDAQ: UPST) are up 🚀1600% since Dec. The rally has been absolutely remarkable.
UPST climbed another 10% on Thursday and up almost 15% so far this week. The company will announce the Q3 earnings results on Nov 9.