โ๐จ๐ณ#Alibaba
๐ฅGreat moment for stock traders!
Alibaba lost over 15% after XI Jinping was elected as a general secretary of the Chinese Communist Party.
The price has reached a historic low at $58.00. Watch the price action and enjoy volatility!
โ๏ธIf the price bounces, it might reach 75.
๐In case of a breakout, we expect the stock to reach 12.00 in the middle term.
โ START TRADING โ
๐ฅGreat moment for stock traders!
Alibaba lost over 15% after XI Jinping was elected as a general secretary of the Chinese Communist Party.
The price has reached a historic low at $58.00. Watch the price action and enjoy volatility!
โ๏ธIf the price bounces, it might reach 75.
๐In case of a breakout, we expect the stock to reach 12.00 in the middle term.
โ START TRADING โ
๐20๐ฅ11๐ฉ6โคโ๐ฅ4๐4๐คฏ2๐1๐ญ1
#MarketNews
โ๏ธ Happy Friday, dear traders! Look at the major news on this week's last trading session!
โ๏ธ Federal Reserve Chair Jerome Powell indicated the Fed is nearing the confidence required to reduce interest rates, contingent on more evidence that inflation is consistently moving towards the 2% target.
๐ฃ Google (#GOOGLE) has established its first cybersecurity base in Tokyo, the Asia-Pacific region, aiming to bolster cyber countermeasures. Google stock is up 2.27% today.
๐ช๐บ Bundesbank President Joachim Nagel anticipates a possible interest rate cut by the European Central Bank before the summer break, contingent on economic data.
โ๏ธ Boeing (#BA) is overhauling its employee bonus structure to prioritize safety and quality. The company's stock is up 1.08%.
๐ข Oil prices increased due to rising demand from the world's largest consumers, the United States and China, alongside optimistic signals from the US Federal Reserve.
๐ฎ Alibaba's Lingxi Games announces a leadership change, with the current management stepping down to allow a younger team of executives to take over. Alibaba (#ALIBABA) shares were down 1.59%.
๐จ๐ณ China's electric vehicle sales growth slowed in the first two months of the year compared to the same period in 2023 amid intensifying competition and consumer concerns over EV battery performance in cold weather.
๐ฅ Gold is on track for its best weekly performance in five months and is hitting record highs as comments from Federal Reserve Chairman Jerome Powell support expectations of a mid-year interest rate cut.
โ How was your trading week? Share your opinion in the comments!
โก๏ธ TRADE WITH FBS
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๐ข Oil prices increased due to rising demand from the world's largest consumers, the United States and China, alongside optimistic signals from the US Federal Reserve.
@fbsanalytics
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#MarketNews
๐ Hello, dear traders! Today is Wednesday, April 10, 2024. It is time to explore what is happening in today's financial world:
๐ช๐บ The ECB's anticipated faster rate cuts compared to the Fed reignites speculation that the euro will fall to dollar parity, which Bank of America and LBBW highlighted as a risk.
โก๏ธ March inflation data may need to clarify Federal Reserve rate-cut timing, with expected moderation in CPI gains, focusing on rents, used cars, and airfares.
๐ WSJ: The rally in commodity prices reflects an improving economic situation and creates inflationary risks.
๐ฎ๐ณ India's stock market capitalization is expected to grow from $4.6 trillion to $40 trillion over the next 20 years amid increasing investor confidence and the country's sustainable economic growth.
๐ณ๐ฟ The Reserve Bank of New Zealand has kept the rate at 5.5%, which many economists expected.
๐ข Morgan Stanley raised its oil price forecast for Q3 2024 to $94 due to OPEC constraints, reduced production in Russia, and seasonal demand increases.
๐ซ Boeing's crisis deepens with allegations of production shortcuts on the 787 Dreamliner, raising safety concerns and leading to increased scrutiny ahead of a Senate hearing. Boeing (#BA) stock is down 1.89% today.
๐ Alibaba shares surged following Jack Ma's endorsement of its leadership and restructuring efforts, reaching a near one-month high. Alibaba (#ALIBABA) shares are up 1.79%.
That's it for today, guys! Click onโค๏ธ if you liked our review, and see you soon!
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๐ข Morgan Stanley raised its oil price forecast for Q3 2024 to $94 due to OPEC constraints, reduced production in Russia, and seasonal demand increases.
That's it for today, guys! Click on
@fbsanalytics
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#MarketNews
โ Hello there, traders, and welcome to Tuesday's trading session! Let's check the news moving the financial markets today:
โ๏ธ The US and its allies are intensifying the global semiconductor race, investing nearly $81 billion in advanced chip production to outpace China.
๐ช๐บ The ECB hesitates to cut rates as wage growth, notably a 4.8% rise in Germany, risks keeping inflation above 2%.
๐ฏ๐ต Japanese 20-year bond yields hit a decade peak of 1.77%, spurred by BOJ moves to cut bond purchases amid yen depreciation possibly.
๐ Sony reported a 7% drop in annual operating profit and narrowly missed its revised PlayStation 5 sales. Sony (#SONY) shares are up 1.02%.
๐ Chinese tech stocks are rising ahead of Tencent and Alibaba's earnings reports today. Tencent (#TME) shares soared 11.02%, while Alibaba (#ALIBABA) shares are up 5.68%.
๐ฌ๐ง The UK unemployment rate has increased to 4.3%, the highest since last summer, potentially prompting the Bank of England to consider interest rate cuts.
๐ก OpenAI has launched the new GPT-4o model and a desktop version of ChatGPT, making GPT-4 free for all users.
๐ฐ Retail participation in the current Bitcoin rally is subdued. Coinbase's trading volumes are at $56 billion, far below the $133.75 billion from the 2021 peak.
That's it for today, guys! Click onโค๏ธ if you liked our review, and see you soon!
โก๏ธ TRADE WITH FBS
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โค38๐29๐ฅ5โคโ๐ฅ2โ2๐พ1๐1๐1
#MarketNews
โ๏ธ Happy Friday, dear traders! Look at the major news on this week's last trading session!
โ๏ธ ECB President Christine Lagarde announced a rate cut to 3.75%, leaving markets uncertain about future monetary policy amid a slower-than-expected path to 2% inflation.
๐ฌ The US May jobs report is expected to show a gradual slowdown in the labor market, with payrolls rising by 180,000 and unemployment, participation, and wage growth remaining unchanged.
๐จ๐ณ China's exports surged 7.6% in May, exceeding forecasts and highlighting strong global demand despite weak domestic consumption and looming trade barriers.
๐ฉ๐ช The Bundesbank forecasts German GDP growth of 0.3% in 2024, increasing to 1.1% in 2025 and 1.4% in 2026. ECB President Nagel is stressing caution about interest rate cuts.
๐ณ After implementing rigorous controls, Binance has resumed Mastercard payments for cryptocurrency purchases, although withdrawal services remain unavailable. Mastercard (#MASTERCARD) shares are up 0.45%.
๐ฏ๐ต BOJ's Nakamura supports maintaining current monetary policy, citing doubts about sustainable wage and inflation growth.
๐ฅ Nvidia CEO Jensen Huang plans to sell up to $735 million in stock under a Rule 10b5-1 trading plan, following the company's market value surpassing $3.1 trillion. Nvidia (#NVIDIA) shares fell 1.18%.
๐ Alibaba is expanding globally by launching "Alibaba Guaranteed" to attract small US and European businesses. Alibaba (#ALIBABA) stock is up 0.26%.
โ How was your trading week? Share your opinion in the comments!
โก๏ธ TRADE WITH FBS
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@fbsanalytics
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๐39โค11๐ฅ4๐2๐ณ2๐2๐2๐1๐1
#MarketNews
โ๏ธ Happy Friday, dear traders! Look at the major news on this week's last trading session!
โ๏ธ Federal Reserve Chair Jerome Powell will discuss the economic outlook at the Jackson Hole Economic Policy Symposium on August 23. Markets anticipate insights on potential interest rate cuts.
๐จ๐ณ China's home-price downturn eased in July, with new-home prices declining by 0.65% and existing-home prices dropping 0.8%, as government rescue efforts began to take effect.
๐ Asian stocks surged, with Japan's Nikkei 225 up 2.5%, leading a global rally. Fading US recession fears and a 1.3% drop in the yen boosted investor confidence and exporters' earnings.
๐ Alibaba's Q2 profit fell 29% to 24.27 billion yuan ($3.4 billion), missing forecasts due to intense competition and weak consumer demand in China. #ALIBABA stock is up 0.09%.
๐ฌ๐ง UK retail sales rose by 0.5% in July, boosted by summer discounts and the Euros football competition, signaling increased consumer confidence.
๐ฌ Wall Street's most volatile ETF, the MicroStrategy 1.75x leveraged fund, launched amid a surge in risky investment products. It is attracting attention for its potential for sharp price swings.
๐ช Walmart beat Q2 expectations with $0.67 EPS and $169.34 billion revenue, raising its full-year outlook due to stable consumer health and a 4.2% rise in US comparable sales. The stock of #WALMART is up 6.58%.
โ๏ธ Applied Materials Inc. reported a Q3 profit of $1.705 billion ($2.05 per share), up from $1.560 billion ($1.85 per share) last year, beating estimates as revenue rose 5.5% to $6.778 billion. #AMAT stock is up 5.06%.
That's it for today, guys! Click onโค๏ธ if you liked our review, and see you soon!
โก๏ธ Start Trading with FBS
๐ฒ Check the FBS mobile app
@fbsanalytics
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โค40๐18๐ฅ3โคโ๐ฅ2๐2โก1๐1๐1๐ณ1๐ฆ1
#MarketNews
โ๏ธ Happy Friday, dear traders! Look at the major news on this week's last trading session!
โ๏ธ Fed Chair Powell's Jackson Hole speech will confirm rate cuts starting in September. Markets anticipate a 0.25% reduction amid moderating inflation and softening labor markets.
๐จ๐ณ China's bond trading volumes have plummeted 90% in two weeks as the PBOC crackdown on speculation halts a record rally and raises concerns about market stability.
๐ฏ๐ต Japan's core inflation rose to 2.7% in July, but demand-driven growth slowed to 1.9%, complicating the central bank's decision on future rate hikes.
โญ๏ธ Alibaba's Hong Kong listing upgrade on Aug. 28 aims to attract up to $19.5 billion from Chinese investors. Despite its shares rising only 8% this year, it lags behind Tencent's 30% gain. #ALIBABA stock is down 0.68%.
๐บ๐ธ US recession is imminent, with unemployment at 4.3% and manufacturing activity at an eight-month low, and even predicted rate cuts won't prevent it.
๐ BMW surpassed Tesla in July to become Europe's top EV seller, with 14,869 units sold, outpacing Tesla's 14,561 units amid a broader market slowdown. #BMW stock is up 0.66%.
๐ฐ Sony's Ethereum Layer-2 blockchain, Soneium, is set to launch in the coming weeks, aiming to enhance scalability and security in Web3 applications across gaming, entertainment, and finance. Shares of #SONY fell 1.62% today.
๐จ๐ฆ Canada has moved quickly to end the rail shutdown, with CN workers set to return to work following a government request for a back-to-work order.
That's it for today, guys! Click onโค๏ธ if you liked our review, and see you soon!
โก๏ธ Start Trading with FBS
๐ฒ Check the FBS mobile app
@fbsanalytics
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โค27๐24โคโ๐ฅ4๐2๐2๐ฅ1๐คฉ1๐1๐จโ๐ป1๐ฆ1
#MarketNews
โ๏ธ Happy Tuesday, dear traders! Let's check the news moving the financial markets today:
โก๏ธ Morgan Stanley predicts the euro will fall 7% to near parity with the dollar by year-end as the European Central Bank accelerates rate cuts to combat economic weakness.
๐จ๐ณ China's $6.5 trillion stock market rout worsens Xi Jinping's economic challenges as declining equities and deflation erode confidence.
๐ Apple launched the iPhone 16, banking on future AI features to boost demand and sustain its flagship product, which generates about 50% of its annual revenue. #APPLE stock is up slightly by 0.04%.
๐ฅ Top oil traders are facing diminished profits as market volatility, fueled by events like COVID-19 and the Russia-Ukraine war, subsides. Oil prices are on track for their narrowest range since 2004.
๐ Despite a slight slowdown from July's growth rate, TSMC's August revenue surged 33%, driven by strong demand for AI chips. #TSM stock is up 3.80%.
๐ฏ Platinum is set for a record deficit of over 1 million ounces in 2024, yet prices have been slow to recover despite rising demand from ETFs and China.
๐ #ORACLE shares surged 9% after the company reported better-than-expected profits and a 21% rise in cloud revenue, driven by growing AI demand and a new cloud agreement with Amazon Web Services.
๐ #ALIBABA (+0.32%) shares outperform the broader Hong Kong Tech Index after securing a primary listing in Hong Kong, which could attract billions of dollars from Chinese investors.
That's it for today, guys! Click on๐ if you liked our review, and see you soon!
โก๏ธStart Trading with FBS
๐ฒ Check the FBS mobile app
@fbsanalytics
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โก๏ธStart Trading with FBS
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#MarketNews
โ๏ธ Good morning, dear traders! How are you? Letโs discuss the most exciting news for the beginning of the week.
๐บ๐ธ With polls showing a 49%-49% deadlock, Harris and Trump ramp up efforts in battleground states. Harris is rallying Black voters in Detroit, and Trump is energizing supporters in Pennsylvania to sway last-minute votes.
โก๏ธ With the US election neck-and-neck, over 20 central banks, including the Fed, BOE, and Riksbank, are set to adjust rates this weekโlikely cuts in the US and UK, while Brazil is expected to hike by 0.5%.
๐จ๐ณ Chinaโs lawmakers are set to approve a fiscal package exceeding ยฅ1 trillion ($140B) this week, but doubts remain on its impact as US election results and potential Trump tariffs loom.
๐ข OPEC+ countries, including Saudi Arabia, Russia, and Iraq, have extended voluntary oil production cuts of 2.2 million barrels per day until December 2024, reaffirming their commitment to compliance and additional adjustments.
๐ช #ALIBABA has reportedly cut dozens of employees from its Metaverse unit as it shifts resources to A.I. This follows other tech giants like Meta, which saw a $4.4 billion loss in Q3 2023, and Microsoft, which cut around 100 Metaverse staff earlier this year.
๐ CALENDAR FOR TODAY - 2024.11.4
๐ฅ Monday:
๐ฏ๐ต Bank Holiday - All day
Thatโs it for today, guys! Click onโค๏ธ if you liked our review, and see you soon!
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๐43โค20โ5โคโ๐ฅ2๐2๐2๐ฅ1๐1๐ฏ1๐1
#MarketNews
๐ Good morning, dear traders! How are you? Letโs discuss the most exciting news for the beginning of the week.
โ๏ธ Goldman Sachs forecasts gold will hit $3,000 per ounce by December 2025, driven by central bank demand, ETF inflows, and Fed rate cuts. Current spot gold is at $2,584 after peaking above $2,790 last month.
๐ฅ #NVIDIA is set to shake the markets this week with an expected 85% year-on-year profit surge to $0.74 per share and an 81.1% revenue jump to $32.8 billion, reinforcing its dominance in AI chip technology.
๐ #WALMART is leveraging AI, including generative models, to enhance online sales this Black Friday, improving 850 million catalog data points and streamlining processes with nearly 100x less staff required for similar tasks.
๐ฃ #ALIBABA plans to issue up to $5 billion in dollar and yuan bonds with maturities ranging from 3.5 to 30 years to refinance offshore debt and fund its share buyback program.
๐ CALENDAR FOR TODAY - 2024.11.18
๐ฅ Monday:
๐ช๐บ ECB President Lagarde Speaks - 20:30 GMT+2
Thatโs it for today, guys! Click onโค๏ธ if you liked our review, and see you soon!
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๐55โค21๐ฏ5๐ฅ2๐ฅฐ2๐2๐ฆ2
#MarketNews
Thatโs a wrap for today! If you found this review helpful, hit
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โฝ๏ธ Australia cleared Woodsideโs North West Shelf LNG plant to operate until 2070, with 48 conditions including a 60% emissions cut by 2030 and net zero by 2050.
#MarketNews
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#MarketNews
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