Ichimoku Kinko Hyo CNH/JPY: The CNH/JPY pair is trading above the Kumo…
Apple & Tesla Stocks Overview
Information is not investment advice
Apple stock grew by 2.75% during the trading session on August 30. It reached $153.48, which is an all-time high. Additionally, the Cupertino tech giant's market capitalization, which is calculated as multiplying the stock price with the number of outstanding shares, reached $2.53 trillion.
The Apple rally was caused by the news that the new iPhone 13 lineup will support satellite communications. It also comes days after Apple announced a settlement with developers that included new App Store policies, such as loosened rules on app makers communicating directly with their users.
Analysts expect Apple to present news iPhone 13 and Apple Watch 7 at the end of September.
The closest resistance for Apple stock is in the $157-158 range (where the price will meet the blue line which connects two previous highs). According to the Fibonacci expansion, the first target for this move is $170. The support level is $145.
The Tesla TSLA Model 3 is the fastest-selling electric car in Western Europe thanks in part to its strong range claims.
Tesla stock broke through $727 resistance and heading towards $770 now. On the way, it will meet $745 resistance, but it is doubtful it will create a big problem. As soon as the stock breaks through the $770 level it will be pumped to $800.
Support levels are $727 and $713.
A United Nations agency is warning that the central bank’s actions create a high risk of pushing the global economy into recession.
Inflation in New Zealand is the highest since 1990, edging to 7.3% in Q2 2022. The currency is under heavy pressure as the Reserve Bank of New Zealand is trying to reverse the inflationary spiral. The week ahead will give us a valuable clue about the country’s monetary policy, and we are here to talk about that.
In the middle of September 2022, the Canadian dollar has fallen to a 2-year low against the USD.