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What is moving the markets these days? What are the main drivers of currency pairs? First, the vaccination pace. The second, the recovery speed. And finally, investors are concerned about how soon the central banks will tighten the policy (increase rates or/and cut asset purchases). Let’s analyze th...

Coca-Cola reports its quarterly earnings for the first quarter of 2021 on April 19, 12:30 MT time. All-time highs to get beaten? Coca-Cola’s stock hasn’t recovered from the virus hit. From the current level it trades at, it has more than 10% of potential value growth to surpass its last all-time hig...

What happened? The last week has ended with greater-than-expected NFP, but weaker average hourly earnings. 916,000 people were employed during March, while the forecast was only 647,000. Average hourly earnings dropped by 0.1%, whereas growth of 0.1% was anticipated. As a result, since NFP comes bet...

S&P 500 is trading just below the key milestone of 4000. It’s likely to hit this level by the end of this week. What is the reason for this growth and what is the forecast? Let’s find out! Biden’s infrastructure plan Stocks were mixed on Wednesday as Biden announced its $2.25 trillion infrastruc...

Stepping up the ladder to 4000 The stock market keeps steadily going upwards towards the mark of 4000. While there have been and will be inevitable dropdowns below the support of the 50-MA, the overall trend is a clear uptrend. What's important is that the recent turbulence was not as high as the on...

The US officials have recently unveiled a $1.9 trillion aid package. As a result, the part of this sum will go to individuals in $1400 checks per person. The interesting fact that most Americans tend to invest the money they’ve got from the government. The survey of Mizuho Securities claimed that tw...

What happened? Yesterday, Nike reported better-than-expected earnings: a profit of 90 cents a share vs the projected 76 cents. However, the sales came out much worse than anticipated. Sales were $10.4 billion, which is below analysts’ estimates of $11 billion. In Europe, revenues dropped as many sto...

What will move the market this week? This week may fairly be called a week of monetary policy reports. On Wednesday, Thursday, and Friday, we will have the US Fed, Bank of England, and Bank of Japan provide their interest rates and monetary policy reports respectively. Therefore, it makes sense to e...

What happened? While growth stocks have stepped back in the first quarter of 2021, cyclical stocks have come to the fore. The term ‘cyclical’ refers to a stock in which business generally follows the economic cycle of growth and recession. In other words, cyclical stocks are rising in times of econo...

Observation On February 26, a downward channel started forming. The upside of the channel was mostly limited by the 50-MA. Currently, the price is flirting with both the 50-MA and 100-MA which will define the destiny of this channel now. Hence, your action plan below. Action  Watch for bullish signs...

Disposition OPEC+ is just about to meet – the series of sessions starts later today. Iran will be there, Russia will be there – that is, apart from the primary cartel member countries such as Saudi Arabia. As they agreed before, they’ll be meeting discuss the plans of future supply. Specifically, in...

What happened? Tesla dropped amid the wider stock sell-off and by that erased all its gains for this year. Why? Actually, there are two reasons. The first is Bitcoin. Tesla has just recently invested $1.5 billion in cryptocurrency and made $1 billion in a month from its investment. However, the curr...

Finally, the stock market is seeing better days. After having peaked at 3 960 two weeks ago, the S&P went into a fortnight plunge. It dropped as low as almost 3 800 in the beginning of this week. However, since then, it recovered most of the losses crossing all the MAs above 3 900. What we have ...

What will happen? NVIDIA is set to release its earnings results after the closing bell on February 24. To be precise, at the midnight from Wednesday to Thursday. Analysts forecast earnings at $2.8 per share and revenue at $64.72 billion. Pay attention that unlike other companies NVIDIA will reveal i...

What happened? UK jobless rate surged to its highest level in almost five years in the fourth quarter. However, it wasn’t a surprise as analysts accurately predicted this outcome since these days the UK has to cope with two serious problems simultaneously: Covid-19 and the post-Brexit period. The go...

Gold’s multi-month downtrend is continuing its way. Recently, it came to 1 765 – the November highs. However, that support level sent gold back upwards. Unless gold reverts at 1 800, expect it to go upwards to 1 825 – that may be a possible target for bulls where the price will form a local high to ...

What happened? Financial giants such as JPMorgan and Goldman Sachs anticipate crude oil to skyrocket as high as $100 as the global economy rebounds. Oil prices haven’t been at such a high level since 2014. What are the reasons behind banks’ optimism? The banks believe that Biden’s fiscal stimulus of...

What Walmart will report its earnings for the fourth quarter. When The report will be out this Thursday before the markets open at 14.00 MT time (GMT+2). Note that the stock trading is available from 16:30 MT time. Forecast The world's biggest retailer is expected to report earnings of $1.51 a share...

AIG reports its Q4’2020 results after February 16 midnight MT time, with the consensus expected EPS of $0.98. The last report was very strong. On November 5, AIG reported an EPS of $0.81 that beat the expectation of $0.55. Combined with other outperforming figures, it pushed the stock price from $33...

Ichimoku Kinko Hyo GBP/JPY: The pair is trading above the cloud. An upward pressure would lead the pair to exit further the cloud, confirming a bullish outlook. Fibonacci Levels  XAG/USD: Silver continuous to stand above 38.2% retracement area. There is indecision between bulls and bears. EU M...

GBP/USD has lost bullish momentum. The pair has tested the highest levels since April 2018 this week, but the W1 chart shows the declining Awesome Oscillator and, on the D1, the price went too far away from the key Moving Averages. The level of 23.6% Fibonacci retracement at 1.3795 is in the focus o...

It seems like the recent drama between the Reddit users and Wall Street hedge funds has cooled down since the start of this week. If you’ve missed this train, catch up with the article on the FBS website. In just five days the Gamestop stock made severe falls to the area where the hype had begun. On...

Twitter reached the all-time high of $56.50 on Thursday. Actually, it’s heading for the best week in almost two years. The stock regained its losses after falling in January’s second half. The drop was caused by concerns that people could massively leave the app due to some political issues. Accordi...

A quick take As you can see, two days separate these headlines; and yet, they stand in direct contradiction. What’s on the table in the US oil sector and how may it affect the oil price? A thorough look One of the signature characteristics of the Biden presidency plan is environmental care. The US ...

The 200-period MA just above 1.3650 supported GBP/USD. The pair formed a higher low on the H1. As a result, it has the scope to retest the previous resistance at 1.3750 if it manages to break above 1.3700 (50-period MA on the H4). Trade idea for GBP/USD BUY 1.3710; TP1 1.3720; TP2 1.3736; SL 1.3695 ...

What to expect? No changes, all attention to projections The central bank is expected to keep its interest rate at 0.10% on Tuesday during RBA’s first meeting of the year. It’s worth mentioning that it’s already halfway through a six-month, $76.6 billion bond-buying program.  Australia has been show...

Ichimoku Kinko Hyo EUR/JPY: The pair is trading above the cloud. An upward pressure would lead the pair to exit further the cloud, confirming a bullish outlook. Fibonacci Levels  XAG/USD: Silver the last day shows a remarkably bullish momentum that send price at 61.8% retracement area. EU Mark...

What happened? Fed has held the first meeting this year. The bank takes a wait and see approach and leaves both rates and QE pace unchanged while the debt is mounting. Analysts believe that no changes from Fed may be understood as an indirect light-tapering scenario. Higher real rates could be unvei...

In one of the recent articles, we tried to make a trajectory for the gold price based on the December chart. Well, we were wrong - that's how you reality-check your projections. Gold did not follow the upward channel similar to the one it was in December and got down to 1 845.  That means, the tacti...

What happened? Analysts from TD Securities claimed that "risk sentiment could struggle to find near-term highs just as the global growth backdrop shifts lower, leaving us inclined to hold a sell on rallies posture for the EUR. With this in mind, we implement a short EURUSD position as our Trade of ...