Today the focus is on Facebook fighting a British watchdog, a new event announcement from Apple, and 3M getting a new big contract.
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
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
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
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.
The index’s price is in a correction after a fall, and it is likely that the growth will continue.
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.