On a daily chart we can see that the price of the share went down yesterday by 1.51%.
This fall came after the share was halted at a resistance line.
With the decline, the average of the RSI indicator crossed down his 50 line.
For Forex traders:
Sell between the levels of : 45.00 – 44.80.
Stop loss point : 45.20.
Take profit point : 43.80.
For Binary options traders:
A put option between the levels of : 45.00 – 44.80.
Expiry time : end of the day, July 31
Twitter crashed by 10% due to a disappointing forecast
Twitter share went down yesterday by more than 10% after-hours trading on Wall Street, after the social media company provided disappointing revenue forecast for the current quarter.
The Company expects to record in the third quarter a revenues of 590-610 million, far less than the analysts who estimated revenues of $ 690 million.
McDonald’s shares fell by 4.5% after the fast-food chain reported on a quarterly revenue and profits are lower than expected.
At a summary of the trading day in Europe:
The DAX rose by 0.5%, the FTSE and CAC rose by 0.2%.
The leading indices in New York in the last half-hour are going down:
The Dow Jones falling by 0.4%, the NASDAQ was down 0.1%, the S&P 500 falling by 0.2%.
The consumer confidence index for July in the US recorded a reading of 97.3.
This is a higher reading than the analysts’ expectations, which stood at 95.6 points.
In June there was a reading of 97.4 points.
The prices of Oil continues to be traded in declines after yesterday it fell to a low of three months.
The futures contracts on Wall Street pointing of stability at the opening of trading.
Yesterday, the stock markets closed with prices declines.
The meeting of the Open Market Committee of the Federal Reserve will open today, where the interest rate decision will be announced, and the estimates are that it will remain unchanged.
The Japanese yen strengthened against the US dollar and at this time traded around 104 yen to the dollar, due to Japanese media reports, according to which the government of Japan will inject to the economics about 6 trillion yen (56.7 billion dollars)gradually in the coming years.
The WTI Oil price fell yesterday by 2.5% to $ 43.1 per barrel.
It’s the lowest price in three months which came after a report on the increase of the number of oil rigs operating in the US, which should increase production and supply.
Traders around the world are waiting anxiously for two major events to be held later in the week:
The interest rate and monetary policy of the US Federal Reserve and the interest rate announcement of the Bank of Japan.
According to market forecasts, the Japanese bank will put into effect some monetary incentives in order to weaken the Japanese yen, which strengthened after the withdrawal of Britain from the European Union, and to encourage their growth.
The futures contracts on Wall Street indices point on a stable opening of the trading week,continuation of the positive trend which ended the trading on Wall Street last weekend.
A data released in Germany today shows that although the decline of business confidence in Europe’s largest economy, it was lower than the forecast.
According to data the index fell to 108.3 and it is an encourages news for investors in the country.
The forecasts of economists in a Bloomberg survey was that the index will drop to 107.5 points.