The Federal Reserve keeps printing money | 19 Tháng hai 2021

The Federal Reserve keeps printing money


#WTI:


Crude prices clinched a second straight week of gains on Friday as money continued to slosh into commodity markets. Oil’s marathon rally over the past two months has been sparked and sustained by a combination of factors. It began with the November breakthrough in vaccines for the Covid-19, followed up by OPEC leader Saudi Arabia’s announcement of deeper production cuts in January; commodity-index linked buying of oil, sizable weekly drops in U.S. crude stockpiles and hopes for economic stimulus from the Biden administration.


Trading recommendation: Buy 59.50 and take profit 61.00.


The Federal Reserve keeps printing money


#SP500:


The US Federal Reserve has published fresh statistics on the change in assets on the balance sheet. Assets increased by $31.6 billion over the past week, against $5.6 billion a week earlier. The growth rate accelerated due to a significant increase in purchases of treasury and mortgage bonds. This is a positive signal for the stock market! The US Federal Reserve released fresh statistics on the change in excess reserves of American banks, which increased by $65.8 billion over the last week, against an increase of $30.1 billion a week earlier. The rate of growth is accelerating, which is positive for the American stock market, as bankers have a surplus of dollars that can be spent on speculating in the stock market.


Trading recommendation: Buy 3935 and take profit 3972.


The Federal Reserve keeps printing money


#WaltDisney:


The Walt Disney Company reported earnings for its first fiscal quarter ended January 2, 2021. In the current quarter, theme parks were closed or operating at significantly reduced capacity and cruise ship sailings and guided tours were suspended. The most significant impact on operating income in the current quarter from COVID-19 was an estimated detriment of approximately $2.6 billion at the Disney Parks, Experiences and Products segment due to revenue lost as a result of the closures and reduced operating capacities. “We believe the strategic actions we’re taking to transform our Company will fuel our growth and enhance shareholder value, as demonstrated by the incredible strides we’ve made in our DTC business, reaching more than 146 million total paid subscriptions across our streaming services at the end of the quarter,” said Bob Chapek, Chief Executive Officer, The Walt Disney Company.


Trading recommendation: Buy 185.80 and take profit 190.00.

 

David Johnson
Analyst of «FreshForex» company
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