Today the focus is on oil prices rising again, McDonald’s trying to expand in the digital sphere, and the successful funding of Baidu’s AI assistant.
The German Ifo Business Climate Index will be released. Forecast: 100.4. If the data is higher than expected, the EUR could receive a positive push.
Assets to trade: EUR/GBP, EUR/USD, EUR/JPY
The US Crude Oil Inventories measures will be released. Forecast: -2.683M. If the result is higher than expected Brent could receive a negative push.
Assets to trade: Brent
Crude oil prices are rising again, as global output rates were severely hit by Mexican oil production outage. Affects Brent
McDonald’s is promoting its marketing chief as the fast-food giant is seeking to expand its digital presence in order to increase its younger audience. Affects McDonald’s
A wave of new COVID-19 vaccine mandates was announced across the US after FDA had issued its full approval of Pfizer’s vaccine. Affects Pfizer
Rising hopes of a delayed withdrawal of economic stimulus measures have led to major US indices opening higher. Affects NASDAQ
Baidu, a Chinese tech giant, has announced that its AI voice assistant Xiaodu Technology has closed its financing at $5.1 billion. Affects Baidu
Delta strain awoke doubts rising about the quick economic recovery among the people, as the cases began to rise again. This caused investors to once again turn to their safe haven options, of which gold is the most popular.
Gold’s price is currently in a slight uptrend, as it lost yesterday’s momentum and shows signs of a sideways movement.
The company’s stock is moving in a bearish pattern, and we can expect it to continue its fall.
The index is currently in an uptrend, as it recovers from the sharp fall it faced earlier.