Tesla stock dropped after the company reported better-than-expected earnings for Q4. But the automaker’s fourth-quarter results might not be good enough for investors. Tesla today reported stronger-than-expected fourth-quarter results, but the company’s stock fell slightly in post-closing trading after the automaker warned that supply chain problems could persist throughout 2022. …
Read More »Samsung Records The Highest Annual Sales in Its History During 2021
South Korean company Samsung’s operating profit rose 53.3% in the fourth quarter of 2021, as record sales helped overcome challenges the company faces due to supply chain issues. The world’s largest smartphone maker said operating profit rose to KRW 13.87 trillion, or $11.55 billion, for the October-December 2021 period, up …
Read More »Japan Shares Close at 14-Month Low After Fed
Japan’s Nikkei index closed at a 14-month low on Thursday, dragged down by technology heavyweights after the Federal Reserve chief indicated his intention to steadily raise interest rates. The Nikkei fell 3.11 percent to close at 26,170 points, its lowest since November 24, 2020. The index, which fell for the …
Read More »German Dax: Facing Negative Pressure 27/1/2022
The German DAX index witnessed a negative trading session after it found negative pressure to hit the resistance level 15,540, which forced it to retest 15,185. On the technical side, today, we tend to the negativity, considering that the RSI gained more bearish momentum due to stabilizing below the mid-line …
Read More »Dow Jones Extends Losses 27/1/2022
Oil, Crude, trading
Read More »GBP/JPY: Breaks Support 27/1/2022
The negative trades regained control over the movements of the British pound against the Japanese yen after it hit the resistance level of 154.75 to start its daily trading on a bearish slope. On the technical side today, and carefully looking at the 60-minute chart, we notice the clear negative …
Read More »The Canadian Dollar: Waiting For More Gains 27/1/2022
The Canadian dollar built on a solid support floor published during the previous analysis at 1.2565, explaining that the mentioned level can push the pair upwards, targeting 1.2700, to record the highest level during the morning trading session at 1.2715. Technically, we tend to the upside, relying on the breaching …
Read More »The Pound Continues Its Downward Path 27/2022
Oil, Crude, trading
Read More »Oil May Reverse to The Upside 27/1/2022
Oil, Crude, trading
Read More »Gold Suffers From Selling Pressure 27/1/2022
Gold prices reversed the expected bullish tendency during the previous analysis. We relied on the stability of trading above the support line of the ascending price channel located at 1825. As we mentioned, any attempts to break the mentioned level can stop the bullish trend and start negative pressure on …
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