Today the focus is on the results of Google’s trial in France, a predicted fall in demand for PCs and laptops, and Boeing production cuts.
The US Producer Price Index (MoM) for June will be released. Forecast: 0.6%. If the data is lower than expected the USD could receive negative pressure.
Assets to trade: USD/CAD, USD/JPY, EUR/USD
The US Crude Oil Inventories measures for this week will be released. Forecast: -4.333M. If the data is lower than expected Brent could receive a positive push.
Assets to trade: Brent
Pfizer’s Booster Dose is no closer to acceptance, as the company’s negotiations with the US government officials stalled. Affects Pfizer
Boeing is cutting its production of the 787 Dreamliner jets as it strives to deal with other issues affecting the company. Affects Boeing
Experts predict a fall in demand for personal computers and laptops after the pandemic’s spike. Affects Apple
EU reviews Johnson & Johnson’s Covid-19 vaccine for a rare nerve disorder after the US warnings. Affects Johnson & Johnson
Google was fined $593 million dollars in France after the company’s failure to hash out a fair deal with local publishers to use their news on its platform. Affects Google
Google is going strong, despite several problems it faced in the EU, as it tries to work out a new deal with local news publishers. The latest of said deals is attempted in France, and so far negotiations have fallen through, with France fining the tech company.
Google is showing a strong uptrend movement, and there are no signs that it will cease today.
This index is shooting straight up, showing signs of a Three Outside Up pattern that signifies a continuing upward movement.
Gold is showing signs of an emerging sideways trend, with a possibility of breaking through down.