Alibaba has received an A1 rating from Mon day's for its unsecured bond issue.
The move provides evidence that Wall Street analysts believe that the Chinese online retailer is a stable investment despite recent issues with Chinese regulators.
It is very likely that confidence in Alibaba will help push the stock price upwards towards $300 a share.
Amazon will report Q4 earnings following the North American session today. The online retailer has seen excellent growth during global lockdowns from Covid-19 and is forecasted to show sales officer $121 billion USD for last quarter. If it hits that target, it would mean 29% growth from ayear ago. Expectation to see an increase in Amazon stock price today leading up to the report.
Nintendo reported excellent earnings for Q4 of 2020, which significantly exceeded analyst expectations.
The company's popular Switch product continues to increase sales with over 26 million units for last year.
While the stock has struggled recently, expect upward momentum and a trend towards the 65,000 yen level or higher.
Currency pairs A currency pair is the ratio of the currency prices of two different countries. This ratio shows how much the financial unit of one currency is worth in comparison to another unit of currency. Currency pairs are the most popular asset because of their high level of volatility and because they are easier to analyze. Typically, 75% of market operations are performed in pairs - EUR / USD, GBP / USD, USD / JPY, CHF / USD.
An asset in the trading world is a commodity. Assets include money, securities, raw materials, indices and cryptocurrencies. The price of an asset is influenced by the volume of trades made on that asset. The more often the asset is purchased, the higher the price of the asset. If the asset starts to be actively sold, the price drops. The fluctuation in the value of an asset per unit time is called the volatility rate. The main objective of a trader is not to buy a commodity, but to make a profit due to the difference between the purchase price and the selling price. So, you can make money when the asset value goes up and when it goes down. There are 5 main asset types: currency pairs, stocks, indices, commodities, cryptocurrency funds
MACD is a trend indicator and oscillator: a type of indicator that helps determine the direction of a trend, find price reversal points and trade on a sideways trend. MACD stands for "moving average convergence / divergence". The MACD indicator consists of two indicators - the MACD line and the MACD histogram. The MACD line is more associated with a trend indicator, whereas the MACD histogram can be considered an oscillator.
Apple stock price dropped 3.5% on Thursday as investors took profits following the company's impressive Q4 earnings report.
With the tech gaint's stock down, this presents agood opportunity to grab some value with Buy positions as the price will likely continue upward in the future.
