Today the focus is on the new AMD graphic card, a new deal for Boeing, and Tesla showing promising results in China.
The weekly US Crude Oil Inventories will be released. Forecast: -3.576M. If the results are lower than expected, Brent could receive a positive push.
Assets to trade: Brent
Tesla stock rose 2.9% as its venture into the Chinese market has provided strong sales figures. Affects Tesla
After much pressure from the European courts and its competitors, Google announced that rival search engines will be available for free on Android devices in the EU. Affects Google
The Japanese government’s draft fiscal blueprint shows that it will stick to its goal of a primary balance surplus, even if the timeline shifts because of the pandemic. Affects JPY
Boeing stock gains after a fresh order of 34 jets from Southwest Airlines. Affects Boeing
AMD announced its new workstation graphics card, aimed at professional users. Affects AMD
AMD keeps expanding its presence in the graphical process market. While the company is still behind Nvidia in the gaming segment, it is ahead in creating hardware for professional users. The latest product allows AMD to cement its position on the market.
The price moves in a slight upward pattern, and we expect it to continue today, as it will keep testing the resistance level and possibly breaking through it.
The index is losing its upwards momentum, but expect it to continue rising after it found its new support level.
Gold is beginning a correction, and we believe that it will continue to fall today.