Today the focus is on Boeing losing a major customer to Airbus, Exxon Mobil introducing a renewable diesel project, and Amazon revealing ambitious hiring plans.
The United States Initial Jobless Claims will be released. Forecast: 345K. If the data is higher than expected the USD could receive a negative push.
Assets to trade: EUR/USD, USD/CAD, USD/JPY
Private payrolls data missed the estimates, tempering the investors’ enthusiasm about the positive economic results. Affects Dow Jones
According to the report, Google is looking into manufacturing and using its own computer chips, similar to Apple, to sidestep the global chip shortage. Affects Google
Amazon continues its expansion, as the company revealed its plans to hire more than 40,000 people in the US. Affects Amazon
Exxon Mobil introduced EMRD, a process that refines renewable feedstocks into diesel fuel, allowing the company to go greener. Affects Exxon Mobil
Boeing has lost a long-standing customer in the face of a British leisure airline Jet2.com who turned to Airbus instead. Affects Boeing
Boeing has been hit hard by the pandemic, and even partial reopening of the world is yet to take it out of the red. So the latest news of the company losing its long-standing customer and not managing to negotiate a price for the Ryanair contract pulls its stock price down.
The company’s stock is currently moving in a narrowing price channel, with a strong possibility to break through downwards.
The pair is moving up after bouncing hard from the support level.
The index is slipping significantly and there are no signs of a trend reversal.