On the second day of the testimony for the Congress, the head of the Fed, Janet Yellen, gave a new hope. Positive changes in the economy of the US increased probability of another interest rate raise this year. According to the chairman of the Federal Reserve, there is high demand on the labor market, and that creates pressure on the level of wa" />On the second day of the testimony for the Congress, the head of the Fed, Janet Yellen, gave a new hope. Positive changes in the economy of the US increased probability of another interest rate raise this year. According to the chairman of the Federal Reserve, there is high demand on the labor market, and that creates pressure on the level of wa" /> On the second day of the testimony for the Congress, the head of the Fed, Janet Yellen, gave a new hope. Positive changes in the economy of the US increased probability of another interest rate raise this year. According to the chairman of the Federal Reserve, there is high demand on the labor market, and that creates pressure on the level of wa" />
› Market review, July 17-21, 2017

Market review, July 17-21, 2017

USD

On the second day of the testimony for the Congress, the head of the Fed, Janet Yellen, gave a new hope. Positive changes in the economy of the US increased probability of another interest rate raise this year. According to the chairman of the Federal Reserve, there is high demand on the labor market, and that creates pressure on the level of wages. Inflation level has decreased, but it is too early to talk about this, since "inflationary risks are bilateral". All attention is drawn to the Consumer Price Index and other macroeconomic indicators, which will indicate further stability, and a strong US Gross Domestic Product growth. With positive results, the next increase in interest rates will occur no earlier than at the end of the year. - said the head of the Fed, Janet Yellen.

GOLD

The price of the precious metal is now under pressure. But most analysts are confident that gold will restore missed points, and provide market participants with real protection against trade risks, and will regain its title of "safe haven" again.

At this stage, gold is trading at a mark of 1220 dollars per troy ounce. The escalation of tension in the Middle East and the relationship between the US and North Korea, market participants understand that gold is now at a very favorable price, and with the increase in demand for yellow metal, the price can soar very quickly. That will lead to new inflows of investments into this asset, which will only increase its growth.


Market review, July 17-21, 2017


APPLE

Time to sell?
At the end of the previous week, there was news about problems with the supply of new IPHONE due to problems with the production of the fingerprint sensor, which the company wanted to improve.

These news lead to a decrease in sales for the 4 quarter and a drop in the value of shares to the level of $ 140.


Market review, July 17-21, 2017


Tesla

At this stage, the whole concern of Ilon Musk prospers. SpaceX develops unique design and confirms its superiority on the cosmic track, Boring co. finishes its innovative project to transfer road traffic underground.

Let’s pay attention to Tesla. This company is the leader in sales of electric cars, and on July 28, it is planned to begin sale of a new Tesla Model 3 car. The car is a low-cost, though its price is $ 35,000. It is possible to reserve a car paying $ 1,000.

This company also received the right to manufacture a huge lithium ion battery to solve the energy crisis in Australia by winning the tender. Everything has been settled between Mr. Musk and the Australian government long time ago, and therefore there was no tender.

Batteries should be ready till December 2017. The principle of operation is based on interaction with the wind farm of the Hornsdale Park, for additional energy supplies at peak hours in Southern Australia.

Technically, the stock price looks upward considering the early launch of the Tesla Model 3, and a corporate report, scheduled for August 1, 2017. Therefore, the forecast for this company is - confident growth with possible short-term retracement.


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