Twitter will be the last of the major techs to report its earnings on Tuesday, after the market close. The social media giant is expected to enjoy another quarter of improving revenue after advertising sales were hammered at the onset of the pandemic. The addition of new features and enhancements to the Twitter platform probably contributed to higher user engagement. The company has also been at the forefront of tackling online abuse and fake news, most notably when it suspended [..]
The US 500 index (Cash) seems to be faintly stalling above the red Tenkan-sen line around 3,890, after touching a fresh all-time-high of 3,907. Nevertheless, the Ichimoku lines are retaining a bullish tone despite the marginal pausing in the blue Kijun-sen line, while the upwards creeping simple moving averages (SMAs) are nourishing improvements in the price. Yet, for negative pressures to gain strength, the index would need to retract below the 3,814 level, which happens to be the 38.2% Fibonacci [..]
The UK 100 index (Cash) retraced significantly from its 10½-month high of 6,955, plunging underneath the 50-day simple moving average (SMA), only to rebound near the previous trough of 6,312. The positive picture in the index, currently curbed by the 50-day SMA at 6,578, is holding onto hopes of returning higher. Also strengthening this view are the SMAs, which are maintaining a bullish demeanour. The short-term oscillators reflect the recent bounce and continue to favour the upside. The RSI, slightly below [..]
Google’s parent, Alphabet Inc, will report fourth quarter earnings numbers on Tuesday after Wall Street’s closing bell. The Internet search giant is expected to post a double-digit jump in revenue as the company continues to diversify its income stream away from online ads. However, antitrust investigations against the online behemoth are mounting, raising fears about a potential breakup of the business. However, while those concerns have been a drag on the stock, it is still up more than 4% so [..]
The US 500 index (Cash) appears to be finding some footing off the upper surface of the Ichimoku cloud after its withdrawal from the all-time high of 3,867. Although the dipping red Tenkan-sen line is feeding negative price action, the climbing simple moving averages (SMAs) are safeguarding the ascent. For the retraction to begin to undermine positive belief, the pair would have to recede towards the 100-day SMA at 3,576. The short-term oscillators are reflecting conflicting signals in directional momentum. [..]
The US 30 stock index (Cash) has found footing on the 30,047 level, which happens to be the 23.6% Fibonacci retracement of the up leg from 26,065 until 31,284, after receding from its latest all-time high of 31,284. Yesterday’s losses saw the index pierce below the 50-day simple moving average (SMA), last encountered in early November of last year, to only recoup most of them today with a bounce off the 23.6% Fibo. The rising SMAs are protecting the positive [..]
Apple’s stock price appears to have frozen slightly beneath the freshly formed all-time high of 145.00 after gapping, in previous sessions, above the former 138.71 peak. The rising red Tenkan-sen line is promoting positive price action, while the climbing simple moving averages (SMAs) are defending the bullish picture. The short-term oscillators are transmitting mixed signals in directional momentum even though the improving tone remains. The MACD, in the positive zone, is strengthening far above its red trigger line, while above [..]
Apple’s stock price appears to have frozen slightly beneath the freshly formed all-time high of 145.00 after gapping, in previous sessions, above the former 138.71 peak. The rising red Tenkan-sen line is promoting positive price action, while the climbing simple moving averages (SMAs) are defending the bullish picture. The short-term oscillators are transmitting mixed signals in directional momentum even though the improving tone remains. The MACD, in the positive zone, is strengthening far above its red trigger line, while above [..]
Amazon stock has been fluctuating over the last four months after the aggressive correction from the all-time high of 3,545. The stock appears to be edging eastwards in a more confined horizontal channel, developing into a possible symmetrical triangle. The price’s latest push up is currently being controlled by the triangle’s upper boundary, which is overlapping with the 3,346-3,364 ceiling of the more recent range in the stock. The Ichimoku lines overall are backing the directionless tone of the stock, [..]
Facebook stock has been recovering nicely from the downfall to head towards the 245.00 support again, crawling near the Ichimoku cloud and back into the 280.00 territory in the daily chart. In the bigger view, the price has been developing within a descending triangle since August 2020. From a technical perspective, the short-term bias is viewed as slightly positive, reflected by the improvement in the RSI and the MACD. The RSI is heading north in the bullish area, while the MACD is increasing its distance above the trigger [..]
Legal disclaimer:
The material does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instruments. XM accepts no responsibility for any use that may be made of these comments and for any consequences resulting in it. No representation or warranty is given as to the accuracy or completeness of this information. Consequently, any person acting on it does so entirely at their own risk. The research and analysis does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it.
It has not been prepared in accordance with legal requirements designed to promote the independence of research, and as such it is considered to be marketing communication. Although we are not specifically constrained from dealing ahead of the publication of our research, we do not seek to take advantage of it before we provide it to our clients. We aim to establish, maintain and operate effective organisational and administrative arrangements with a view to taking all reasonable steps to prevent conflicts of interest from constituting or giving rise to a material risk of damage to the interests of our clients. We operate a policy of independence, which requires our employees to act in our clients’ best interests and to disregard any conflicts of interest in providing our services.
CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losing all of your invested capital, so please make sure that you fully understand the risks involved.
This website uses cookies
By clicking “Continue”, you agree to the default cookie settings on our website.
XM uses cookies to ensure that we provide you with the best experience while visiting our website. Some of the cookies are needed to provide essential features, such as login sessions, and cannot be disabled. Other cookies help us improve our website’s performance and your experience through personalising content, providing social media features and analysing our traffic. Such cookies may also include third-party cookies, which might track your use of our website. You may change your cookie settings at any time.
Cookies are small data files. When you visit a website, the website sends the cookie to your computer. Your computer stores it in a file located inside your web browser.
Cookies do not transfer viruses or malware to your computer. Because the data in a cookie does not change when it travels back and forth, it has no way to affect how your computer runs, but they act more like logs (i.e. they record user activity and remember stateful information) and they get updated every time you visit a website.
We may obtain information about you by accessing cookies, sent by our website. Different types of cookies keep track of different activities. For example, session cookies are used only when a person is actively navigating a website. Once you leave the website, the session cookie disappears.
Why are cookies useful?
We use functional cookies to analyse how visitors use our website, as well as track and improve our website’s performance and function. This allows us to provide a high-quality customer experience by quickly identifying and fixing any issues that may arise. For example, we might use cookies to keep track of which website pages are most popular and which method of linking between website pages is most effective. The latter also helps us to track if you were referred to us by another website and improve our future advertising campaigns.
Another use of cookies is to store your log in sessions, meaning that when you log in to the Members Area to deposit funds, a "session cookie" is set so that the website remembers that you have already logged in. If the website did not set this cookie, you will be asked for your login and password on each new page as you progress through the funding process.
In addition, functional cookies, for example, are used to allow us to remember your preferences and identify you as a user, ensure your information is secure and operate more reliably and efficiently. For example, cookies save you the trouble of typing in your username every time you access our trading platform, and recall your preferences, such as which language you wish to see when you log in.
Here is an overview of some of the functions our cookies provide us with:
Verifying your identity and detecting the country you are currently visiting from
Checking browser type and device
Tracking which site the user was referred from
Allowing third parties to customize content accordingly
This website uses Google Analytics, a web analytics service provided by Google, Inc. ("Google"). Google Analytics uses analytical cookies placed on your computer, to help the website analyze a user's use of the website. The information generated by the cookie about your use of the website (including your IP address) may be transmitted to and stored by Google on their servers. Google may use this information to evaluate your use of the website, to compile reports on website activity and to provide other services related to website activity and internet usage. Google may also transfer this information to third parties, where required to do so by law, or where such third parties process the information on behalf of Google. Google will not associate your IP address with any other data held. By using this website, you give your consent to Google to process data about you in the manner and for the purposes set out above.
Change Settings
Please select which types of cookies you want to be stored on your device.
We are using cookies to give you the best experience on our website. Read more or change your cookie settings.
Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.
XM Live Chat
By clicking the "Enter" button, you agree for your personal data provided via live chat to be processed by Trading Point of Financial Instruments Pty Ltd, as per the Company's Privacy Policy, which serves the purpose of you receiving assistance from our Customer Support Department.
If you do not give your consent to the above, you may alternatively contact us via the Members Area or at ausupport@xm.com.
Please enter your contact information. If you already have an XM account, please state your account ID so that our support team can provide you with the best service possible.
