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Stock in News – Tesla and Amazon
By Deepta Bolaky @DeeptaGOMarkets Tesla Inc Tesla Inc, the electric car maker is set to join the S&P500 on December 21. The Company’s share price rallied following the announcement, highlighting the dominance of mega-cap growth stocks on the S&P500 benchmark. The Company also received a trading upgrade to a buy-equivalent citing “the ...
Read MoreVaccine News Boosts Pharmaceuticals
By Klavs Valters @klavsvalters 2020 will go down in history as the year of the pandemic. With the ''second wave'' of COVID-19 sweeping the planet and more national lockdowns announced around the globe, there is not much to look forward to now. However, there is a glimpse of hope that we may be able to return to some normality soon. That hope? A ...
Read More15 Asia-Pacific Countries Sign World’s Largest Free Trade Agreement at a Crucial Time
By Deepta Bolaky @DeeptaGOMarkets Regional Comprehensive Economic Partnership (“RCEP”) The RCEP agreement is a modern and comprehensive regional free trade agreement covering trade in goods, trade in services, investment, economic and technical cooperation, and new rules for electronic commerce, intellectual property, government procurement, ...
Read MoreNIO Making Waves
By Klavs Valters @klavsvalters The sales of electric cars exceeded the two million mark for the first time in 2019. By far the biggest electric automaker by market cap is Elon Musk's Tesla. Its current market cap stands at $394.26 billion at the time of writing this, putting the electric automaker at the top of all automakers in the world. Howev...
Read MoreOctober: US Stimulus Noises and National Lockdowns
By Deepta Bolaky @DeeptaGOMarkets Another Volatile Month for Markets The financial markets were rattled by another wild month driven by geopolitics and COVID-19 updates. As the month comes to an end, the rapid resurgence of the coronavirus cases across the US, European countries, India and Russia have forced some leaders to reimpose national lock...
Read MoreUS Election 2020: Eyes on the US Senate
By Deepta Bolaky @DeeptaGOMarkets The Political Event of the Year 2020 The most-awaited political event of the year 2020 is just around the corner: the US Presidential elections will take place next Tuesday on the 3rd of November. The US politics have the potential to affect the global economy, alliances and trade agreements which makes it a Glob...
Read MoreEarnings to Watch This Week: Amazon, Microsoft, Apple, Facebook and Alphabet
By Deepta Bolaky @DeeptaGOMarkets Investors are gearing up for one of the busiest weeks of the third-quarter earnings season. The immediate focus will be on the tech leaders: Amazon, Apple, Facebook and Alphabet as those companies were among the main drivers of the rebound in the US stock market after March lows. The world has gone remote- peop...
Read MorePayPal Taps into Crypto
By Deepta Bolaky @DeeptaGOMarkets Buy, Hold and Sell Cryptocurrency PayPal officially confirmed its entrance in the cryptocurrency market on Wednesday. The leading online payments company announced the launch of a new service enabling its customers to buy, hold, and sell digital currency on its site and applications. The message of the CEO was...
Read MoreDXY – Can The Dollar Rise To The Occasion?
DXY - Daily DXY - The daily Ichimoku chart displayed mostly indecisive moves throughout August and printed a low of 91.74 last month. It seemed DXY essentially tip-toed sideways as the market attempted to factor in both the US election event and the second wave of COVID-19. As the current price resides within the cloud, this wavering sentiment a...
Read MoreUS Corporate Earnings to Watch this Week
By Deepta Bolaky @DeeptaGOMarkets Aside from politics and virus concerns, attention will be on the US corporate earnings season. After major US banks reported their third-quarter earnings results, investors will eye Netflix reports among many others. Monday International Business Machines (IBM): The company will host a conference call to review ...
Read MoreCrude Oil Market
By Deepta Bolaky @DeeptaGOMarkets An oil price war and the pandemic struck the crude oil market at a time where the industry was already faced with a simultaneous demand and supply shock. Put simply, crude oil prices were already under pressure due to a flood of supply at a moment of diminishing demand. A Supply Glut which is mainly driven by U...
Read MoreComing Up This Week: US Big Banks on the Radar
By Deepta Bolaky @DeeptaGOMarkets The third-quarter earnings season will kickstart with major US banks. In an ultra-low interest rates environment, the financial industry struggled faced by a series of pressures triggered by the ongoing pandemic crisis. Over the months, banks had made significant provisions for credit losses and saw major declin...
Read MoreASX200 – Can A Bullish Pattern Aid The Rebound?
ASX200 - Point & Figure ASX200 - Talk of a potentially aggressive stimulus package has helped boost the ASX200 as it looks to extend its recovery from the March lows. Using the point and figure method, we'll be looking to highlight potential pockets of supply and demand levels to monitor during the upcoming sessions. What initially ...
Read MoreCOTD: GBPAUD – Pound Finding Bearish Territory
GBPAUD - Hourly GBPAUD - We saw GBPAUD attempt a stronger recovery last month, but it appears the Pound may not have the resolve to push higher as we enter into October. In today's Chart of The Day, we examine the hourly chart using the Ichimoku method. In the shorter-term, it appears the latest weekly pivot points of 1.80 and 1.77 play...
Read MoreSeptember: A Typical Scary Month for Investors
By Deepta Bolaky @DeeptaGOMarkets Poor Month for Markets Investors are generally apprehensive of the month of September as on average it is marked as the worst month for the stock market. After a staggering rally in August driven by broad-based vaccine optimism, global stimulus, improving economic data, better-than-expected earnings season and th...
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