Apple, Microsoft, and Google reported their financial results for the second quarter. Despite strong earnings, the companies closed in red yesterday. Why? What to do now?
GBP: after last BOE report this year
Information is not investment advice
GBP/USD has just broken the key resistance of 1.3600. What’s next?
No changes from Bank of England
The Bank of England has held the last meeting this year, where it left rates unchanged and maintained its pledge for more quantitative easing. The central bank emphasized that the economic outlook is still "unusually uncertain” but mentioned that the vaccine rollout should limit downside risks to the economy.
Brexit Talks "Could Reach a Denouement this Weekend, Stay Tuned"
According to Tony Connelly, RTE Europe Editor, the Brexit agreement may be reached as soon as this weekend. The EU-UK sides made a compromise over the level playing field, but assess to fishing waters remains the mains ticking point.
GBP/USD surged to the 1.3600 level, which was unseen since April 2018. The way up to the next resistance of 1.3650 is clear. If the pair manages to break it, it may rise to the next round number of 1.3700. On the flip side, the move below yesterday’s low of 1.3450 will drive the pair lower to the next support of 1.3400.
What will happen? Microsoft, the US IT company, will present its earnings report for the second quarter on July 27 after the stock market closes (23:00 GMT+3)…
What will happen? Tesla, the world's largest EV’s manufacturer, will present its earnings report for the second quarter on July 26 after the stock market closes (23:00 GMT+3)…
In our FOMC Meeting live coverage on YouTube yesterday, we sent out a short signal on USD/JPY around 25 minutes after the decision and right before the press conference.
The Federal Reserve decided to keep the current policy unchanged as widely expected, with no additional information about the timing of the tapering. In fact, in this meeting, the Fed mentioned tapering twice only.
Ichimoku Kinko Hyo USD/JPY: The USD/JPY pair is trading slightly below the cloud…