Analytics

News, Trend, & Analytics 26.05.2021

Nvidia Earnings Report

Today the focus is on a continued fall of Bitcoin, Tesla getting fined by Norway, and Iran fully entering the oil market.

 

Calendar

14:30 UTC

The US Crude Oil Inventories will be released. Forecast: -1,279M. If the results are higher than predicted, Brent could receive a negative push.

Assets to trade: Brent

 

News

A German cartel office launches an investigation into Google’s ecosystem. Affects Google


Norwegian court fines Tesla over accusations of using software to slow down charging. Affects Tesla


Nvidia is set to release its earnings report tomorrow, showing promising video games revenue. Affects Nvidia


Bitcoin slips from its Monday rally, falling below $38,000 as investors worry over its volatility. Affects Bitcoin


Oil prices dip as investors take in the possibility of Iran fully joining the market. Affects Brent

 

Technical Analysis

Nvidia

Nvidia managed to almost double its yearly video game revenue, as pandemic caused the demand for all digital entertainment to spike. This, in turn, leads to many expectations placed on the asset in question, and on the financial results company will release tomorrow.

Nvidia is in a clear uptrend, as more and more investors buy in to get ready for tomorrow’s report.

Gold

Gold is spiking, searching for a new resistance level, and we believe that it will breach 1,900 today.

GBP/JPY

The pair is now in a correction after a sharp fall, and we believe that this correction will turn in an upward movement.

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