Tesla Reported Record Revenues, Dismissed Demand Concerns
The EV giant delivered strong financial results for Q4, touting strong demand, despite a widening production/delivery gap
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The EV giant delivered strong financial results for Q4, touting strong demand, despite a widening production/delivery gap
Watch today’s US Open for insights on this week’s key market themes, upcoming earnings and the technical outlook of NAS100, Netflix and other assets
The US index is cautious after its two-day rally, as markets expect earnings from tech giant Microsoft and EV king Tesla
The king of the electric vehicle market had a rollercoaster ride in 2022 and markets are now eagerly awaiting the upcoming quarterly earnings, due on Wednesday January 25
The tech-heavy index consolidates last week’s rally, as investors await a series of speeches by Fed officials ahead of the communication blackout and the latest earnings by streaming giant Netflix
Watch today’s US Open for commentary on the upcoming policy decision by the Bank of Japan, as well as the technical outlook of EUR/USD and other assets
The streaming giant had a tough 2022, but managed to react during the second half, so markets eagerly await the latest quarterly results, which are due on Thursday January 19, 2023
The UK100 monthly chart is trading in its bullish channel between its upper blue and red bands. The index is near 7,779, close to its all-time high (ATH) of 7,903.40 (green horizontal line).
Tomorrow sees the Q4 earning season kick off, with several US banks reporting. We examine FXCM’s US Banks basket (US.BANKS), which comprises JP Morgan Chase, Bank of America, Wells Fargo, Citigroup, and Capital One Financial.
The weekly chart of FXCM’s CHN50 CFD shows a series of higher troughs followed by higher peaks. This is an uptrend. Its RSI is also on the bullish side of 50 (green rectangle). The longer it maintains this position, the greater the likelihood of further price appreciation.
The daily CHN50 chart is trading in its bullish area between the upper blue and red bands. Maintaining the upper channel increases the likelihood of price appreciation. The red Bollinger bands are moving in opposite directions, which shows a growing volatility. The hourly chart shows the stochastic has crossed up (aqua ellipse). A move towards the 80+ region (blue arrow) will suggest a positive momentum. A cross by the trend-following…
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