Today, the focus is on the expectations of the oil market, Google’s promise to invest in India, and Tesla’s incredible success.
The oil market is preparing to increase crude production. Affects Brent
Google is investing $10 billion in business development in India. Affects Google
The Premier of the State Council of the People’s Republic of China Li Keqiang said that the Chinese economy continues to recover steadily. Affects Brent
Tesla has reduced the cost of its crossover Model Y. Affects Tesla
Sweden’s unemployment rate rose to a ten-year high. Affects EUR
The US Consumer Price Index will be published. Growth is projected at 0.1%. If the real value is lower, the USD will receive a negative impulse.
The previous two weeks were outstanding for the company, as its shares soared by more than 59%. And this is in the face of a fragile market that is still keenly responding to pandemic outbreaks. Nevertheless, the investment bank JP Morgan previously gave a forecast for the growth of securities of the company to $1,500. Does this mean that Tesla has exhausted its growth potential?
If we turn to stock statistics, last Friday was the highest trading volume recorded in two months. It is possible that this is a sign of the beginning of the correction. Judging by the Fibonacci levels, the first goal may be the level of 1400.
A currency pair may continue to decline within the downward channel identified on the daily timeframe.
The currency pair broke through the upward trend level, which has helped it grow since February 2020. We believe that the time has come for euro sales.
EUR/GBP on this day in history
- Since 2000, July 14th has been a trading day 14 times.
- On 46% of those days, the asset finished trading with growth.
- The maximum strengthening range was 1.01%.
- The downward trend was limited to 0.5%.