We have outlooked several promising Forex pairs and the result can surprise you!
Better than Expected Earnings, Stocks Lower! How?
Information is not investment advice
Since the beginning of the earnings season, companies are posting record earnings, most sectors have so far beaten the estimates by a large margin. However, stocks reacted differently. Look at Apple, for example. EPS came in at $1.30 vs. $1.01 estimated and Q3 revenue posted $81.4B vs. $73.82 expected. Everything came in much better than expected, including iPhone, wearables, home & accessories, Ipad, Mac, and services. Apple has $194 billion in cash and marketable securities. Net cash was $72 billion, after deducting debt.
Despite all this, Apple stock declined to 142.60 after hours. Here there might be two main reasons for such declines (not only for Apple but most of the companies since the beginning of the earnings season):
- Apple decided not to publish earnings guidance.
- The market is looking for something new to be excited about.
However, the current decline is considered as another round of profit-taking after the board declared a cash dividend of $0.22/share. Therefore, I would consider the current decline as a price discount and would consider buying Apple shares in the medium term starting at $140 all the way down to $135.
GBP/USD is moving inside the ascending channel. Since it’s in the lower part of this channel, the pair should reverse up and continue moving in zig-zag.
Ichimoku Kinko Hyo GBP/JPY: The GBP/JPY pair is trading between the Tenkan sen and Kijun sen level…
What happened? Nearly one year later, Beijing started to concern about Alipay, which combines a digital payments platform with other traditional financial products such as loans, wealth management, and insurance…