Analytics

News, Trends, & Analytics 09.09.2021

Tesla Is Booming In China

Today the focus is on Facebook fighting a British watchdog, a new event announcement from Apple, and 3M getting a new big contract.

 

Calendar

12:30 UTC

The US Initial Jobless Claims measurements will be released. Forecast: 335K. If the result is lower than predicted the USD could get a positive push.

Assets to trade: USD/JPY, USD/CAD, EUR/USD


15:00 UTC

The US Crude Oil Inventories measurements will be released. Forecast: -3.832M. If the result is higher than predicted the Brent could get a negative push.

Assets to trade: Brent

 

News

Tesla is seeing a big jump in its Chinese sales, as overall vehicle sales in the country almost tripled. Affects Tesla


Apple announced a new “special event” on September 14, with the public expecting to see an announcement of the iPhone 13. Affects Apple


Facebook is fighting the British watchdog on its order to sell Giphy, questioning its recent order. Affects Facebook


3M Innovative signed a contract with Luxshare Technology in order to provide the latter with Twin Axial Cable Technology, increasing the quality of the company’s servers. Affects 3M

 

Technical Analysis

Tesla

With its European and US sales figures slipping, the influx of orders from China might be exactly what the company needs. Should it persist, we might be looking for another spike in Tesla’s share price, potentially returning it to $1000+ heights.

The sharp growth of the stock was countered by the following price correction, though overall its price keeps moving upwards.

NASDAQ

The index’s price is in a correction after a fall, and it is likely that the growth will continue.

Brent

Crude’s price recovered after yesterday’s slip, but it seems that it met its resistance level. We expect that Brent will keep testing today before forming a price channel.

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