Stock Market

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…

The monthly chart of FXCM’s CHN50 CFD is showing value tendencies. It spent 12 months in its bearish channel (notwithstanding a temporary spike in June 2022), between its lower blue and red bands. The current candle is attempting to move into its neutral channel between the blue bands (green vertical rectangle). This is bullish. The monthly RSI still needs to cross above 50 into the indicator’s bullish area (blue arrow).…

FXCM's US30 CFD climbed 2% yesterday. This appreciation moved the index from its weak zone, between the lower blue and red bands, into its neutral region, between the blue bands (green square). On a relative basis, this is a movement of strength.

During the week of December 5-9, Disney launched a new streaming subscription plan that includes advertisements, the US FTC sued to block Microsoft acquisition of Activision, Uber launched a robo-taxi service and more