Daily Market Analysis

What will happen? FOMC statement will be announced at 21:00 MT (GMT+3) on Wednesday, July 27…

Tesla surprised the markets again with record earnings…

From last week's Twitter call, “Twitter showing some promising pattern here, with a possible inverted head and shoulders formation on the daily chart, while the neckline is now trading around 70.50 which might get tested in today’s session.

After closing our short positions on Brent Crude which fell from around 76.60’s all the way down to 67.50.

When Twitter Inc. and Snap Inc. posted quarterly revenue that blew past analysts’ expectations, the results bumped up the shares of the two of their larger rivals: Facebook Inc. and Alphabet Inc.

EUR/USD managed to rise for a very short period of time right after the ECB decision to as high as 1.1798 before declining and giving away its entire gains.

After a notable rally all the way to 1.28, USD/CAD dropped back to 1.2730 yesterday, confirming our outlook mentioned a few days ago about the need for a downside retracement before the upside trend resumes.

US Equities bounced back again in the past two days, while the S&P500 recovered all of its declines after holding well above its 50-day MA for the fifth time this year.

Gold declined back for the past few days after reaching ~$1830/Oz last week, while our medium-term positions remain in profit since our signal to buy at $1770 and $1780 two weeks ago.

What is happening? The British pound lost his positions comparing to the US dollar, Euro, and other haven assets at the beginning of this week, because of the global markets sale…

Global equities took a notable hit on Monday due to the new fears regarding the Covid19 delta variant, which is spreading around the world once again.

Crude Oil began this week sharply lower after last week’s dramatic move due to OPEC+ drama which ended right before the opening bell of this week.