Analytics

News, Trends, & Analytics 14.07.2021

Google Vs. France

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.

 

Calendar

12:30 UTC

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


14:30 UTC

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

 

News

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

 

Technical Analysis

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.

NASDAQ

This index is shooting straight up, showing signs of a Three Outside Up pattern that signifies a continuing upward movement.

Gold

Gold is showing signs of an emerging sideways trend, with a possibility of breaking through down.

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