Back to daily news

DAILY MARKET REPORT

The electric car maker Tesla (NASDAQ: TSLA) will announce its second-quarter 2021 financial results after market hours on Monday.

DAILY MARKET REPORT

The electric car maker Tesla (NASDAQ: TSLA) will announce its second-quarter 2021 financial results after market hours on Monday, July 26. The company is expected to post quarterly earnings of $0.94 per share and revenues are expected to be $11.4 billion.

$TSLA key technical levels to watch today:

Support: $620 and $590

Resistance: $670 and $700

EQUITIES

US stock futures trading slightly lower on Monday ahead of big earnings week and the Federal Reserve FOMC meeting. On the other hand, the European and Asian stocks traded lower after the Chinese government continued its regulatory clampdown.

OIL

Crude oil prices rebounded from the Asian session lows. During the Asian session, the oil prices slipped as investors remain concerned about a rise in coronavirus cases tied to the highly contagious Delta variant.

CURRENCIES

In the currency market, the EURUSD retreat from the early session gains following the release of weaker-than-expected German IFO data. Meanwhile, the British pound holding the gains against the US dollar and Euro.  

GOLD

The precious metal started the new week on a positive note. At the time of writing, the metal trades above $1808. Overall, the momentum remains bullish throughout the European session.

Economic Outlook

On the data front, the German Ifo Business Climate fell to 100.8 in July 2021, compared to the market expectations of 102.1.

This week the main highlights of the economic calendar will be the FOMC meeting, US GDP, and the inflation data from Eurozone, Australia, and Canada.

Coronavirus update:

Worldwide, more than 193 million people have been confirmed infected and more than 4.1 million have died. The United States has confirmed over 34.2 million cases and has had more than 610,000 deaths from COVID-19, the highest totals in the world.

Technical Outlook

GBPUSD: The currency pair hovers near the previous week highs. If the pair break above this area, then the next crucial resistance levels to watch today 1.3810 and 1.3840.

euraud

The important levels to watch for today: Support- 1.3730 and 1.3710 Resistance- 1.3810 and 1.3840.

GOLD: The metal trading above $1800. For today, If the bullish momentum continues then the next upside levels to watch $1815 and $1818. On the downside side, the immediate support at $1798.

gold neww

The important levels to watch for today: Support- 1798 and 1790 Resistance- 1815 and 1820.

Quote of the day: Individuals who cannot master their emotions are ill-suited to profit from the investment process.  Benjamin Graham

Read more

DAILY MARKET REPORT

DAILY MARKET REPORT

GAP shares rose more than 8% in extended trading after the company reported stronger-than-expected Q2 results and the stock climbed 30% in 2021.

DAILY MARKET REPORT

DAILY MARKET REPORT

US dollar investors focus now shifts to the second reading of the second-quarter US GDP numbers, which is set to be released later today.

DAILY MARKET REPORT

DAILY MARKET REPORT

Online vacation rental site Airbnb (NASDAQ: ABNB) shares soared 10% on Tuesday after the company opened the doors of its properties to 20,000 Afghan refugees globally.

DAILY MARKET REPORT

DAILY MARKET REPORT

Pfizer (NYSE: PFE) stock closed 2.48% higher on Monday after the FDA announced its full approval of the Pfizer-BioNTech COVID-19 vaccine.