XM does not provide services to residents of the United States of America.
A
A

Amazon


Analysis

Tech rally turns to selloff ahead of NFP and US election - Stock Markets

S&P 500 headed for second weekly dip as gains turn to lossesNasdaq pulls back from record highs as AI jitters returnApple earnings add to outlook worries but Amazon impressesTech rally stumblesIt’s been a turbulent week for Wall Street as, despite a positive start, renewed concerns about excessive spending on artificial intelligence (AI) dragged Big Tech stocks lower mid-week.
U
U
A
F
G
M
A

Daily Comment – Dollar maintains gains amidst fragile market conditions

Markets prepare for a 10-day long rollercoaster rideFocus today on earnings but key US data in sightGold and bitcoin rally, oil suffers, and 10-year US yield reaches 4.3%Yen suffering might linger as party negotiations continueImportant data week, Alphabet reports todayMarket participants are gradually preparing for an action-packed week, with Friday’s US jobs report being the key event, that also includes some major earnings releases.
G
U
B
E
A
F
G
M
A
O

Daily Comment – Gold and dollar edge up as markets bet on Trump win

US election risks move to the forefront as Trump narrows gap with HarrisGold begins week with new record as geopolitical tensions add to demandStocks mixed ahead of key earningsTrump trade makes a returnGold extended its record streak at the start of the new trading week as investors increasingly bet on Donald Trump winning the US presidential election on November 5. The precious metal climbed to all-time highs above $2,730/oz amid the growing risk of Trump returning to the White House.
G
U
B
E
G
U
T
A
U
T

Tech earnings take center stage – Stock Markets

Magnificent seven start to report earnings as Wall Street hovers near all-time highQ3 earnings from Netflix, Tesla, and Amazon are on the weekly agendaWall Street has been on fire recently, reaching new heights as the earnings season for Q3 kicked off with a bang, with investors cheering on bank profit beats and China's fresh fiscal spending announcement fueling more optimism across the board.Taiwan Semiconductor Manufacturing Co reported record earnings, helping to cushion the blow from ASM
T
A
N

Stocks at a precarious position ahead of key US data – Stock Markets

Equity indices enjoyed a decent third quarter, led by Chinese stocksS&P 500 completed five consecutive positive monthsQ3 earnings announcements to gradually take centre stageUS equity indices look vulnerable at this stage Stocks fared decently in Q3, outlook is challenging The third quarter (Q3) of 2024 was a plentiful one, with the key central banks finally embarking on their monetary policy easing journey.
U
G
G
M
T
A
N
C

S&P 500 hits another record on Fed put but tech stocks look shaky – Stock Markets

S&P 500 and Dow Jones close at new peaks but Nasdaq stuttersFed rate cut boosts risk appetite, China stimulus further lifts sentimentBut tech stocks are mixed as AI rally cools, earnings doubts creep inThe bulls return from summer hiatusAfter a prolonged period of unusual calm in the markets, volatility was back with a vengeance during the summer and autumn got off to an equally bumpy start.
U
U
A
F
U
G
M
A
N

Market Comment – US slowdown fears grip markets ahead of NFP

Tech stocks lead selloff in equities amid recession fears, disappointing earnings Yen extends gains as safe havens rally but dollar mixed Will today’s nonfarm payrolls report calm markets or add to jitters? Carnage returns to equity markets The mid-week bounce on Wall Street didn’t last long as rate-cut optimism turned to gloom following soft economic data out of the US on Thursday.
G
U
U
G
U
A
A
I
V

Amazon stock experienced a pullback from its all-time high But the price found strong support ahead of Q2 earnings Momentum indicators are heavily tilted to the downside Amazon’s stock has been in a steady uptrend since late 2023, storming to a fresh record peak of 201.00 on July 8. Although the price corrected lower, falling victim of a broader tech selloff, it seems to have paused its retreat and recouped some losses ahead of its Q2 earnings announcement on Thursday.
A

Market Comment – Markets in waiting mode ahead of earnings releases and risk events

Key earnings releases and numerous central bank meetings coming up US stocks in waiting mode, dollar recovering across the board Key euro area data today but all eyes are on Wednesday's BoJ meeting Gold, oil and bitcoin move in parallel Stocks are mixed ahead of this week’s key events US stock indices were mixed yesterday as the market is preparing for this week’s big events.
G
U
U
E
E
M
A

Can Amazon’s earnings pause the stock retreat? – Stock Markets

Amazon unveils earnings on Thursday August 1 after the market close Impressive earnings growth expected, fueled by advertising and AWS Valuation at historically low levels amid stock’s short-term pullback Strong start to the year Amazon has been having a relatively strong year amid an overall tech outperformance. Firstly, the firm’s e-commerce business has been more than resilient as the US economy appears to be headed for a soft landing.
A

Market Comment – Technical outage triggers risk aversion, Biden steps down

Markets in risk-off mode after outage Biden withdraws from Presidential race Gold and oil feel the heat of strong dollar Dollar rallies on haven flows The US dollar traded higher against most of its major peers on Friday, although its advance was paused today. With Fed fund futures indicating very little change in market expectations about the Fed’s future course of action, the dollar’s rally seems to have not been driven by developments linked to the Fed’s plans.
G
U
U
O
M
A

Week Ahead – Flash PMIs, US GDP and BoC decision on tap

US data awaited amid overly dovish Fed rate cut bets July PMIs to reveal how economies entered H2 BoC decides on monetary policy, may cut rates again Will investors add to their Fed rate cut bets? With investors ramping up their Fed rate cut bets, the US dollar suffered during the first half of the week, although it recovered some ground on Thursday.
U
E
G
U
M
T
A

Market Comment – Dollar enjoys a bid; stocks concerned about a hawkish Fed

Fed meeting in the spotlight; equities under pressure Dollar strength continues, could intensify if Fed appears hawkish Questionable yen intervention result; more action over the next sessions? Bitcoin fights for $60k level; oil in retreat despite Middle East headlines May starts on a high note The Fed meeting concludes today with the decision announced at 18:00 GMT and the press conference taking place 30 minutes later.
U
U
B
E
A

Amazon earnings set for AI-driven cloud and ads boost – Stock Markets

Amazon.com will unveil its Q1 results on Tuesday after the market close AI will be front and centre, both for actual results and for future plans But will investors be impressed amid a pullback in the stock? Q4 set the bar high Amazon’s share price skyrocketed after it announced its Q4 earnings back in February, pulling the broader uptrend a leg higher.
A

Are there more AI growth opportunities to be priced into the markets?

Nvidia skyrockets and drives the S&P 500 to new records Demand for chips continues to surge, AI enters consumers’ life There maybe more AI growth opportunities to be priced in But downside risks on high valuations and geopolitics do exist Nvidia beats already optimistic estimates Just last week, the investor favorite Nvidia beat out Amazon and Alphabet to take the third place as the most valuable company in the US by market capitalization, and although the chipmaker’s
U
A
M
T
A
N

Magnificent 7 earnings assert dominance, focus shifts to Nvidia – Stock Markets

Magnificent 7 earnings endorse their relentless rally Tesla lags, while Apple shows some signs of weakness Valuations are stretched despite rosy projections   In their own world The so-called Magnificent Seven group comprised of Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta Platforms and Tesla has gone parabolic since early 2023, outperforming the broader US stock market by a wide margin.
A
F
G
M
T
A
N

Is the 5,000 milestone in sight for the S&P 500? – Stock Markets

Mega-cap stocks drive S&P 500 towards 5,000 milestone AI and tech dominate the bull charge to unchartered territory But how sustainable is the uptrend? A wobbly start to 2024 It wasn’t the best start for Wall Street in 2024 as the major indices stumbled during the first week of the new year. However, it didn’t take long for Fed rate cut expectations to take off again and revive risk appetite.
U
A
U
F
G
M
T
A
U

Market Comment – Powell pushes back on March rate cut, BoE on tap

Fed’s Powell says March rate cut not the “base case” Dollar gains, but Treasury yields slide BoE to stand pat, focus to fall on guidance Wall Street tumbles, awaits more earnings results Dollar gains on less-dovish-than-expected Fed The US dollar gained against all but two of its major counterparts yesterday, losing ground only against the yen and ending the day virtually unchanged against the franc.
U
U
E
G
A
F
A

Technical Analysis – Amazon stock rallies to 21-month high

Amazon stock continues bullish structure Technical oscillators enter overbought regions Amazon shares recorded a stunning rally in Monday’s session, creating a new 21-month peak of 161.16. The stock has posted gains of more than 12% since the beginning of the year and the technical oscillators suggest that the market could rise even higher.
A

Market Comment – Stocks, dollar steady after goldilocks data as Fed awaited

Stocks perky ahead of Fed decision as US data and China measures lift optimism Dollar and yields little changed after goldilocks reports, NFP eyed next Oil and gold spike on geopolitical concerns amid fresh ME tensions Markets await direction from the Fed Stocks were mixed on Monday amid a cautiously risk-on tone ahead of a very busy week for the markets that’s expected to get heated up mid-week by the Fed’s policy decision, culminating with the latest payrolls report on Fri
G
E
O
G
U
A
G
M
A



Conditions

Popular Assets

Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.

All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.

Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.

Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.