News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
EUR/USD
Mixed
Oil - US Crude
Bearish
Wall Street
Bearish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Gold
Bullish
GBP/USD
Mixed
USD/JPY
Bullish
More View more
Real Time News
  • IG Client Sentiment Update: Our data shows the vast majority of traders in USD/CAD are long at 74.28%, while traders in France 40 are at opposite extremes with 79.74%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/bUrGX3vgHG
  • The Federal Reserve System (the Fed) was founded in 1913 by the United States Congress. The Fed’s actions and policies have a major impact on currency value, affecting many trades involving the US Dollar. Learn more about the Fed here: https://t.co/ADSC4sIHrP https://t.co/np2DRdpId8
  • Commodities Update: As of 10:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.64% Gold: -0.04% Silver: -0.64% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/tYoBjMaX1J
  • Forex Update: As of 10:00, these are your best and worst performers based on the London trading schedule: 🇨🇭CHF: 0.13% 🇪🇺EUR: 0.04% 🇯🇵JPY: 0.01% 🇬🇧GBP: -0.21% 🇨🇦CAD: -0.30% 🇦🇺AUD: -0.31% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/1bRmkh7wZ5
  • Indices Update: As of 10:00, these are your best and worst performers based on the London trading schedule: France 40: 0.46% Germany 30: 0.42% FTSE 100: 0.15% US 500: 0.02% Wall Street: -0.04% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/Q0tktc2KTg
  • Get our analysts’ view on the key fundamentals for Oil in Q2. Download now. https://t.co/bXrPHkaSCn https://t.co/vy6vjot301
  • Once again, $GBP approaching the recent range lows https://t.co/4DVUHR6pEn
  • Coming up in 20': my weekly sentiment webinar in which I look at the charts, the @IGcom client sentiment data, the confidence numbers on the calendar this week and much more. Do join me if you're free... https://t.co/BhGN9fw31Z
  • 💶 Balance of Trade (APR) Actual: €10.9B Previous: €15.8B https://www.dailyfx.com/economic-calendar#2021-06-15
  • Heads Up:💶 Balance of Trade (APR) due at 09:00 GMT (15min) Previous: €15.8B https://www.dailyfx.com/economic-calendar#2021-06-15
AAPL Stock Soars After Earnings Beat, Looks to Bolster Nasdaq

AAPL Stock Soars After Earnings Beat, Looks to Bolster Nasdaq

Peter Hanks, Strategist

AAPL, AMD Earnings Talking Points:

  • Apple (AAPL) announced a substantial buyback plan, continuing the trend from recent quarters
  • Advanced Micro Devices (AMD) narrowly beat expectations but saw its stock price pop 7%
  • Wednesday’s FOMC rate decision will now be the focus of traders as the central bank looks to offer insight on its policy path after strong US GDP in the first quarter

Stock Market Update: GE, GM Earnings Recap, AAPL and AMD Ahead

Apple delivered strong quarterly results after Tuesday’s close, avoiding another miss from a FAANG member after Google missed the day prior. Similarly, AMD beat out Wall Street estimates. As a key player in the semiconductor space, AMD will look to join AAPL in bolstering the Nasdaq after it slumped in Tuesday trading compared to its more diversified counterparts.

AAPL Stock Soars After Earnings Beat, Looks to Bolster Nasdaq

AAPL Earnings Recap

After a cut to their earnings outlook caused a USDJPY Flash Crash, Apple looks to have righted the ship. Despite lower forecasts, traders were thrilled to see the strong performance and pushed the stock 5% higher in after-hours trading. Earnings per share read in at $2.46 on $58 billion in revenue – higher than the expected $2.37 EPS on $57.5 billion in revenue expected.

Apple (AAPL) Stock Price Chart: Daily Time Frame (January – 2019) (Chart 1)

AAPL stock price after earnings

Outside of the two headline figures, an announcement to buyback $75 billion worth of shares likely buoyed price – but could be indicative of broader economic illness. Buybacks have been a point of contention in recent months, ranging from economists who are wary of current stock market valuations to politicians in Washington that question their economic fairness.

AAPL Stock Soars After Earnings Beat, Looks to Bolster Nasdaq

Either way, one thing is clear. Flush with cash, Apple has shelled out considerable capital on share repurchases and is now responsible for 12 of the 20 record-quarter buybacks according to data from S&P Global. Apple’s actions play into the larger theme of growth concerns as companies are frequently unable to find efficient uses of capital and invest in themselves, effectively inflating stock valuations. While the ramifications of elevated share repurchases may eventually weigh on investor sentiment, Wednesday’s session will look to more immediate developments.

Check out our Second Quarter forecasts for the S&P 500, Dow Jones, Gold and more.

AMD Earnings Recap

Contributing another strong performance to the season, AMD offered $0.06 EPS on $1.27 billion in revenue – compared to analyst expectations of $0.05 and $1.26 billion respectively. Although narrow, the beat was accompanied by a rally in AMD’s share price. Immediately following the release, AMD jumped 7% but remained within its implied price range – probing trendline resistance around $29.25.

AMD Stock Price Chart: Daily Time Frame (December 2018 – April 2019) (Chart 2)

AMD stock price chart earnings

Check out the Technical Forecast for the S&P 500, Dow Jones, DAX 30, and FTSE 100.

With the risk of an abysmal report from AAPL in the rearview, traders will now await Wednesday’s FOMC rate decision. Ahead of the event, check out a variety US Dollar trade set ups and view our Economic Calendar for all upcoming events in the week ahead.

--Written by Peter Hanks, Junior Analyst for DailyFX.com

Contact and follow Peter on Twitter @PeterHanksFX

Read more: USDCAD’s Failed Breakout Attempt Hinges on Next Crude Oil Price Move

DailyFX forecasts on a variety of currencies such as the US Dollar or the Euro are available from the DailyFX Trading Guides page. If you’re looking to improve your trading approach, check out Traits of Successful Traders. And if you’re looking for an introductory primer to the Forex market, check out our New to FX Guide.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES