
The G20 summit took place in Bali, Indonesia, on November 2022…
Don’t waste your time – keep track of how NFP affects the US dollar!
Data Collection Notice
We maintain a record of your data to run this website. By clicking the button, you agree to our Privacy Policy.
Join Us on Facebook
Stay on top of company updates, trading news, and so much more!
Thanks, I already follow your page!Beginner Forex Book
Your ultimate guide through the world of trading.
Check Your Inbox!
In our email, you will find the Forex 101 book. Just tap the button to get it!
Risk warning: ᏟᖴᎠs are complex instruments and come with a high risk of losing money rapidly due to leverage.
77.93% of retail investor accounts lose money when trading ᏟᖴᎠs with this provider.
You should consider whether you understand how ᏟᖴᎠs work and whether you can afford to take the high risk of losing your money.
Information is not investment advice
The earnings season brings new releases traders need to follow! On Wednesday, we recommend you to have a closer look at Apple, Facebook, Ford, and eBay. While Apple, Facebook, and Ford are expected to publish their quarterly results at midnight (00:00 MT time GMT+3), eBay will report the earnings at 01:00 MT time (GMT+3). What exactly should you know about the upcoming releases?
Despite the pandemic, Apple has improved the demand for Apple products. The company’s recent focus has been on the distribution of its services that include movie and TV entertainment provider Apple TV+, video game seller Apple Arcade, news services, and stores (the iTunes Store and the App Store). That is, service revenue will be an additional important metric for traders to follow. All in all, analysts expect a company to post the fastest revenue and earnings growth in around 5 years. Isn’t it a good reason to follow this release?
Apple’s stock is consolidating between 135.5 and 131.5. If the release is disappointing, the stock will drop below 131.5 towards 130.20. On the other hand, it will rise above 135.50 to 137.40.
Facebook has benefited from increased usage of Instagram, Messenger, and WhatsApp. Analysts believe that the company’s growth may be driven by tools that provide e-commerce services to users. At the same time, the company has been facing problems after changes to tracking the user-activity trend made by Apple and Google. Thus, it will be interesting to follow this stock due to complicated data.
The stock of Facebook has gapped after the start of Wednesday’s trading session. Follow the resistance of 315 and the support of 302.
Despite the coronavirus pandemic and ongoing global chip shortage, analysts are optimistic about Ford. The main reason for that is rising vehicle sales in North America, the main company’s market. If their forecast is true, Ford’s earnings will greatly benefit from higher demand. As a result, the stock of Ford will rise.
Ford’s stock managed to break above the descending trading channel and rise to 12.6. If the earnings are optimistic, the stock will inch higher to 13. For bears, key support lies at 12.
The company is forecast to prove its solid performance of the Marketplace platform. The company has reported better-than-expected revenue EPS in each of the last four quarters. Thus, we expect this trend to remain.
Key levels for the stock of eBay on the upside lie at 63.4 and 65. If the earnings are lower than the forecasts, the stock will fall to 60.50.
Remember that the market opens at 16:30 MT time (GMT+3).
The G20 summit took place in Bali, Indonesia, on November 2022…
The deafening news shocked the whole world yesterday: the British Queen Elizabeth II died peacefully at the age of 96…
After months of pressure from the White House, Saudi Arabia relented and agreed with other OPEC+ members to increase production.
The first FOMC meeting comes after a buildup of anticipation from traders and investors alike, as the markets await what posture the Fed will take regarding the interest rates; would there be a hike or a cut in interest rates? Recall that the Federal Open Market Committee had previously ended the year 2022 with a 50bps hike, and an indication from Powell, the committee chairman, that the Fed could consider raising interest rates by 75bps in the course of the year 2023.
Western countries are trying to find other options for oil and gas supplies after a 10th package of sanctions, which will put more pressure on Russian oil and decrease global oil supply. Italy, for example, is in talks with Libya.
Last year was tough for the Japanese yen. USDJPY gained more than 30% over 2022, striking above 150 in October. While anticipation of slower Fed rate hikes pulled the pair below the 130 level at the start of 2023, the speculations over the destiny of BOJ’s yield control policy grabbed the attention of the Japanese assets in the middle of January. What lies ahead for traders of the Japanese yen?
Your request is accepted.
We will call you at the time interval that you chose
Next callback request for this phone number will be available in 00:30:00
If you have an urgent issue please contact us via
Live chat
Internal error. Please try again later