After a decades-long run as one of the world’s best-performing stocks, Apple Inc is now within striking distance of a $3 trillion market capitalisation. The milestone would make it as big as the world’s fifth largest economy after Germany, just over a year after breaching the $2 trillion mark. With…

This observation is made around 06:40 UTC today, with 30 minutes time frames. The Resistance and Support Line were constructed according to Fibonacci retrenchment. Any discussion is welcomed.

Shares slipped and the dollar held firm on Friday as investors assess risks associated with the renewed concerns about COVID-19 and ahead of key U.S. inflation data that could set direction on Federal Reserve rates.
Traders waiting ahead of U.S. CPI data due at 1330 GMT. A higher-than-expected reading would strengthen the case for a policy tightening decision at the U.S. central bank’s meeting.

I also does analysis for some other currencies. Read more on the website on TECHNICAL ANALYSIS and DAILY MARKET NEWS.

[EURUSD]​

• The euro…

Rivian’s stock price was at $115.10 per share by the time the markets closed yesterday, after starting at $78 at its IPO. This rise puts Rivian’s valuation over $100 billion. But, is this going to be a real competition in the EV space or is it just bubble?

Electric car…

Oil market recorded its third consecutive weekly losses, albeit with lower percentage compared with the last two weeks. The market was grappled with a stronger U.S. dollar along with concern over increasing U.S. inflation, and after OPEC cut its 2021 oil demand forecast due to high prices.

Expectations of higher…

This observation is made around 05:30 UTC today, with 30 minutes time frames. The Resistance and Support Line were constructed according to Fibonacci retrenchment. Any discussion is welcomed.

Shares were mixed on Friday, failed to latch on to overnight Nasdaq performance, as debt crisis routs Chinese developers’ shares, again.

Gold…

Much excitement comes to Wall Street this week, with four of the world’s biggest tech companies — Facebook, Apple, Amazon, and Alphabet reported their earnings, added to the Netflix’s earnings that come a week earlier. …

This observation is made around 05:30 UTC today, with 30 minutes time frames. The Resistance and Support Line were constructed according to Fibonacci retrenchment. Any discussion is welcomed.

Stocks climbed on Friday, following a report that China Evergrande Group was preparing to pay interest payment due on bond, though concerns over inflation has raised speculation that central banks will increase interest rates, potentially crimping growth.

The dollar headed for its weekly decline versus most major peers, as traders turned their attention to when the Fed will start raising interest rates. Improved market sentiment, commodity prices and bond yields, are also weighing on the safe-haven dollar.

I also does analysis for some other currencies. Read more on the website on TECHNICAL ANALYSIS and DAILY MARKET NEWS.

[EURUSD]​

• The euro…

Over the years, stock market has offered investors and traders some compelling returns, but those rewards are certainly not without risks. …