Analytics

News, Trends, & Analytics 20.08.2021

Amazon To Go Beyond The Web

Today the focus is on Facebook facing a possible antitrust probe, Goldman Sachs cutting its economic growth forecast for the US, and Nvidia announcing its new service.

 

Calendar

12:30 UTC

The Canadian Core Retail Sales measures (MoM) for June will be released. Forecast: 4.6%. If reading exceeds expectations, the CAD might receive a positive push.

Assets to trade: USD/CAD, EUR/CAD, AUD/CAD

 

News

Wall Street experts are concerned that Federal Reserve will start to roll back its massive stimulus package after the readout from its July meeting was published. Affects S&P 500


Goldman Sachs cut its forecast of the US economic growth in Q3 from 9% to 5.5%. Affects USD


The US Federal Trade Commission is expected to file an amended complaint against Facebook, accusing the company of breaking antitrust law. Affects Facebook


Amazon announced its plans to open large physical retail stores in the US, expanding its brick-and-mortar presence. Affects Amazon


Nvidia used its good earnings results to announce its new service, Nvidia Omniverse. Affects Nvidia

 

Technical Analysis

Nvidia

Nvidia has chosen a good moment to announce its Omniverse, as its strong earnings results attracted a lot of attention from big investors. With that and the growth in the company’s stock prices, we believe that Nvidia is in a good position to start this quarter.

While the company’s stock price is spiking now, we expect its growth to be very short-term, so be ready for it to start falling soon.

S&P 500

The index is moving upwards as it rebounds from its earlier losses, and we believe that this tendency will continue for today.

Gold

Gold is moving in the upwards-slanted price channel, and we believe that it is going to break out up.

Related posts
Analytics

News, Trends, & Analytics 16.07.2020

News of the progress in the development of the vaccine from COVID-19 made the market think positively, despite the growing tensions in the US and China.
Analytics

Weekly News 04.05.2020–08.05.2020

Introducing the most complete review of the upcoming week from analysts Olymp Trade. It included both the news of the economic calendar and the world events that in one way or...