At 9:53 ET, the Dow Jones Index rose 18 points or less than 0.1%, while the S&P 500 increased by 0.1%, and the NASDAQ Composite rose by 0.3%.
This week includes earnings reports from major companies, including Goldman Sachs (NYSE: GS), Tesla, Inc. (NASDAQ: TSLA), and Netflix (NASDAQ: NFLX). They are following up on last week's reports from big banks, including JPMorgan Chase (NYSE: JPM).
According to Refinitiv, out of the 30 S&P 500 companies that have reported so far, around 80% have exceeded expectations.
Reserves increased last week following reports of cooling consumer price and producer price indices for June, raising hopes that the Federal Reserve may soon end rate hikes.
Big banks reporting so far have seen revenue increase from higher interest rates and indicate that the economy continues to recover. A judge's decision last week allowing Microsoft (NASDAQ: MSFT) to proceed with its acquisition of Activision Blizzard (NASDAQ: ATVI) is fueling hopes of more deals to come. This could be good news for banks like Goldman, relying on revenue from merger advisory and capital markets activities.
Activision Blizzard's stock rose 2.9% after Microsoft agreed to keep Call of Duty games on Sony PlayStation following their deal completion.
Tesla unveils Cybertruck. Tesla's stock increased by 2.7% after the electric vehicle manufacturer unveiled the Cybertruck, four years after its initial prototype announcement.
Oil prices declined.Gold futures declined by 0.6% to $1,952.
Trading strategy:
SELL XAU/USD around the price range of 1965-1970.
Stop Loss: 1974.
Take Profit 1: 1960.
Take Profit 2: 1955.
Take Profit 3: 1950.
BUY XAU/USD around the price range of 1940-1945.
Stop Loss: 1937.
Take Profit 1: 1955.
Take Profit 2: 1960.
Take Profit 3: 1965.
Note:
Trade with 1% of your account per trade to ensure capital management principles.
Do not exceed 5% of your account capital within the nearest 10 price levels.
Always set Stop Loss (SL) in all situations and pay attention to trades based on your current capital.
This week includes earnings reports from major companies, including Goldman Sachs (NYSE: GS), Tesla, Inc. (NASDAQ: TSLA), and Netflix (NASDAQ: NFLX). They are following up on last week's reports from big banks, including JPMorgan Chase (NYSE: JPM).
According to Refinitiv, out of the 30 S&P 500 companies that have reported so far, around 80% have exceeded expectations.
Reserves increased last week following reports of cooling consumer price and producer price indices for June, raising hopes that the Federal Reserve may soon end rate hikes.
Big banks reporting so far have seen revenue increase from higher interest rates and indicate that the economy continues to recover. A judge's decision last week allowing Microsoft (NASDAQ: MSFT) to proceed with its acquisition of Activision Blizzard (NASDAQ: ATVI) is fueling hopes of more deals to come. This could be good news for banks like Goldman, relying on revenue from merger advisory and capital markets activities.
Activision Blizzard's stock rose 2.9% after Microsoft agreed to keep Call of Duty games on Sony PlayStation following their deal completion.
Tesla unveils Cybertruck. Tesla's stock increased by 2.7% after the electric vehicle manufacturer unveiled the Cybertruck, four years after its initial prototype announcement.
Oil prices declined.Gold futures declined by 0.6% to $1,952.
Trading strategy:
SELL XAU/USD around the price range of 1965-1970.
Stop Loss: 1974.
Take Profit 1: 1960.
Take Profit 2: 1955.
Take Profit 3: 1950.
BUY XAU/USD around the price range of 1940-1945.
Stop Loss: 1937.
Take Profit 1: 1955.
Take Profit 2: 1960.
Take Profit 3: 1965.
Note:
Trade with 1% of your account per trade to ensure capital management principles.
Do not exceed 5% of your account capital within the nearest 10 price levels.
Always set Stop Loss (SL) in all situations and pay attention to trades based on your current capital.
