Today the focus is on Boeing’s monthly performance, a continuation of Alibaba’s scandal, and Google cutting pay of its remote workers.
United States CPI measures for July will be released. Forecast: 0.4% If the data is higher than expected, the USD could receive a positive push.
Assets to trade: EUR/USD, USD/JPY, USD/CAD
The US Crude Oil Inventories measure will be released. Forecast: -1.271M If the data is higher than expected, Brent could receive a negative push.
Assets to trade: Brent
Boeing shows promising results, delivering 28 planes in July and securing contracts for 31 more. Affects Boeing
The US Senate passed a $1trln infrastructure bill. Affects USD
Alibaba faces an increasing backlash from both the public and the Chinese government officials over an employee’s sexual assault allegations. Affects Alibaba
Google is conducting a controversial experiment, cutting the pay of employees who work from home. Affects Google
Amazon has announced that it would pay customers who suffered injuries or property damage from the products sold on its US platform. Affects Amazon
As travel restrictions are slowly rescinded, and the company receiving more orders, the investors become more optimistic towards its stock. At the same time, delta strain causes concern, so look out for negative changes if it becomes more widespread.
The stock is currently in an upward trend, but we can see that the momentum behind it declines, which might lead to the start of a downward movement.
Gold is moving sideways, with a possibility to break its price channel downwards.
The index is currently in the correction after its sharp fall. Look for it to climb today to balance out its losses.