Apple Stock Price Hit $170 On Thursday! What About New iPhones Production? Energy Stocks: BP Increased By Over 1% Yesterday!

Key Support Levels in Forex Pairs: EURUSD, GBPUSD, and EURGBP

US equities could hardly consolidate gains they posted following the Wednesday’s softer-than-expected inflation data in the US, even as the producer price index printed the first monthly decline since April 2020. The barrel of US crude rebounded to $94 as the International Energy Agency (IEA) warned that the biggest US oil companies’ combined deficit is almost back to the historical lows, and that the soaring gas prices boosted the use of oil-power generation, and that the ‘substantial’ gas-to-oil switching is, in return, set to boost crude consumption for the rest of the year, even as demand growth from other parts of the economy slows.

Technology stocks and cryptocurrencies remain on a positive path as well, for now. Apple hit $170 yesterday

Oil stocks gained along with the rebound in crude prices. But technology stocks and cryptocurrencies remain on a positive path as well, for now. Apple hit $170 yesterday, as Amazon is preparing to test its 200-DMA to the upside. Elsewhere, gold remains under pressure, while Bitcoin tests $25K resistance- Ethereum’s final test before the Merge update was succesful, hinting that major cryptocurrencies could extend gains during the weekend.

Watch the full episode to find out more!

    • 0:00 Intro
    • 0:30 Post-CPI rally remains short-lived
    • 3:33 Oil jumps as IEA warns of ‘substantial’ oil-to-gas demand shift
    • 5:12 Oil stocks gain, tech stocks remain on positive path, too
    • 7:55 Gold soft, Bitcoin & Ethereum up on ETH’s successful pre-Merger test

Ipek Ozkardeskaya

Ipek Ozkardeskaya has begun her financial career in 2010 in the structured products desk of the Swiss Banque Cantonale Vaudoise. She worked at HSBC Private Bank in Geneva in relation to high and ultra-high net worth clients. In 2012, she started as FX Strategist at Swissquote Bank. She worked as a Senior Market Analyst in London Capital Group in London and in Shanghai. She returned to Swissquote Bank as Senior Analyst in 2020.

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Key Support Levels in Forex Pairs: EURUSD, GBPUSD, and EURGBP

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