\\n

\\n\",\"\\n

Facebook ended the session at $190.78 (-4.06%)

\\n

(Last update 6:31pm EST, June 5, 2022)

\\n

\\n

Friday at a glance: Mark Zuckerberg's company remained in the $190.78 range after closing Thursday at $198.86 and dropping 4.06% as it reached the end Friday's session. The trading volume was 19.46 million which was lower than the daily average of 30 million.

\\n

Important graph levels to look out for: Facebook's nearest support level is at $174.95. In terms of trend indicators, we can see that at $196.04, Facebook made an initial breakout below the 21 day Simple Moving Average, an indication of a negative trend.

\\n

Overall, looking at the technical analysis landscape, it seems Facebook is likely to continue pointing down in the short term.

\\n

Facebook's market cap currently stands at $516.31 billion the year 2022 has not been the best for the social media company, it lost 42.63% of its value. So far in 2022, it has been under-performing the Nasdaq by 11.62%.

\\n

\\n
\\n

Meta's Sheryl Sandberg, who was crucial to turning Facebook into a social media giant that generated almost $120 billion in revenue last year, is stepping down as chief operating officer https://t.co/OvPeGhcwWs pic.twitter.com/jBEcFv26hr

\\n

— Bloomberg (@business) June 4, 2022

\\n

\\n

\\n\",\"\\n

Amazon lost 2.52% Friday, closed at $2,447

\\n

(Last update 6:31pm EST, June 5, 2022)

\\n

\\n

A quick look at Friday: the tech and retail multifaceted giant remained in the $2,447 range, after closing Thursday at $2,510.22 and dropping by 2.52% Friday. The trading volume was 4.88 million — slightly under the daily average of 5.29 million.

\\n

Chart pattern study shows the nearest support level is at $2,082. In terms of trend indicators, we can see that at $2,449.36, Amazon made an initial breakout below the 3 day Simple Moving Average, an indication of a negative trend. According to asset volatility analysis, Amazon's upper Bollinger band at $2,507.8, indicating a further downward move might be next. In contrast, the CCI indicator is above 100. When the CCI (Commodity Channel Index) is at this level it means the price is above the average price as measured by the indicator, indicating a possible start of a new uptrend.

\\n

Overall, looking at the technical analysis landscape, it seems that although indicators are mixed and some are pointing in different directions further drawbacks may be next for Amazon.

\\n

The company has a market cap of $1.24 trillion the tech and retail multifaceted giant is now trading 20.57% above its yearly low ($2,488) that it has slumped into 12 days ago. So far in 2022, it has performed better than the Nasdaq by 3.32%.

\\n

\\n
\\n

Amazon executive behind its massive delivery operation to leave after 23 years https://t.co/nQwUd0Jp3j pic.twitter.com/JzGZwnXtJU

\\n

— Reuters (@Reuters) June 4, 2022

\\n

\\n

\\n\",\"\\n

Microsoft traded at $270, down by 1.66% when the session closed

\\n

(Last update 6:41pm EST, June 5, 2022)

\\n

\\n

Friday at a glance: the iconic OS developer dropped 1.66% early on and stayed at the $270 range. The trading volume was 28 million which is below the daily average of 35.46 million.

\\n

An analysis of Microsoft's chart suggests next closest resistance is at $290, while the nearest support level is at $252.56. Trend indicators show us that at $271.6, Microsoft made an initial breakout below the 5 day Simple Moving Average, an indication of a negative trend. The MACD line is significantly above the MACD signal line, meaning the medium-term trend might turn negative.

\\n

Overall, looking at the technical analysis landscape, it seems Microsoft is likely to continue pointing down in the short term.

\\n

Microsoft is currently trading with a market cap of $2 trillion the year 2022 has not been the best for the software giant, it lost 19.08% of its value. The Nasdaq has been doing worse in 2022, it has been passing it by 11.93%.

\\n\",\"\\n

Google closed at $2,291.28 after losing 2.7% Friday

\\n

(Last update 6:41pm EST, June 5, 2022)

\\n

\\n

A quick look at Friday: after closing the previous trading day at $2,355 and dropping to $2,273.36, the search engine giant closed Friday at $2,291.28. Overall, Google lost 2.7% of its value. The trading volume was 1.25 million — slightly below the daily average of 1.68 million.

\\n

A study of Google's graph shows key levels to watch: the nearest support level is at $2,116.79, while the closest resistance is at $2,451.5. Trend indicators show us that at $2,306, Google made an initial breakout below the 3 day Simple Moving Average, an indication of a negative trend.

\\n

Overall, looking at the technical analysis landscape, it seems Google is likely to continue pointing down in the short term.

\\n

The company's market cap is $1.51 trillion 11 days ago the search engine giant has hit its twelve month low point of $2,116.79, since than it recovered back 11.25%. The Nasdaq has been doing worse in 2022, it has been passing it by 10.43%.

\\n

\\n
\\n

A startup is taking on Google Chrome and Apple’s Safari, arguing their dominance has stalled browser innovation https://t.co/QlzaCdrdBi via @BW

\\n

— Bloomberg (@business) June 5, 2022

\\n

\\n

\\n\",\"\\n

Tesla traded at $703.55, down by 9.22% when the session closed

\\n

(Last update 6:41pm EST, June 5, 2022)

\\n

\\n

Friday at a glance: Elon Musk's electric cars company dropped 9.22% early on and stayed at the $703.55 range. The trading volume was 37.46 million; slightly greater than the daily average of 31.72 million.

\\n

Tesla chart analysis: the resistance level is at $775, followed by $870.76. Trend indicators show us that at $707.62, Tesla made an initial breakout below the 10 day Simple Moving Average, an indication of a negative trend.

\\n

Overall, looking at the technical analysis landscape, it seems Tesla is likely to continue pointing down in the short term.

\\n

Tesla has a market cap of $728.88 billion the year 2022 has not been the best for the trendy electric cars company, it lost 39.04% of its value. So far in 2022, it has been under-performing the Nasdaq by 8.03%.

\\n\",\"\\n

Zoom dropped by 2.51% and closed the session at $109.42

\\n

(Last update 6:41pm EST, June 5, 2022)

\\n

\\n

Friday at a glance: the video communications platform provider remained in the $109.42 range, after closing Thursday at $112.24 and dropping by 2.51% Friday. The trading volume was 3.88 million — below the daily average of 7.20 million.

\\n

Chart pattern study shows the nearest support level is at $84.69. Analysis based on the asset volatility indicates that Zoom's upper Bollinger band at $116.31, indicating a further downward move might be next. Japanese Candlestick formations detected today show that "bearish harami”, whenever it appears on top of a bullish overall trend, some traders would consider this as an indication of a trend reversal. In contrast, although down today, it's worth noting that in earlier trading Zoom peaked above the $108.95 5 day Simple Moving Average, usually an indication that a positive move might be approaching.

\\n

Overall, looking at the technical analysis landscape, it seems that although indicators are mixed and some are pointing in different directions further drawbacks may be next for Zoom.

\\n

The company's market cap is $32.65 billion the video communications platform provider is now trading 32.53% above its yearly low ($111.8) that it has slumped into 18 days ago. So far in 2022, it has been doing worse than the Nasdaq by 9%.

\\n\",\"\\n

Netflix closed at $198.98 after losing 2.98% Friday

\\n

(Last update 6:41pm EST, June 5, 2022)

\\n

\\n

Friday at a glance: the streaming heavyweight remained in the $198.98 range after closing Thursday at $205.09 and dropping 2.98% as it reached the end Friday's session. The trading volume was 7.19 million which is below the daily average of 11.25 million.

\\n

Chart pattern study shows Netflix's nearest support level is at $166.37. In terms of trend indicators, we can see that at $198.48, Netflix made an initial breakout below the 3 day Simple Moving Average, an indication of a negative trend. Asset volatility analysis shows that Netflix's upper Bollinger band at $206.33, indicating a further downward move might be next. In contrast, the CCI indicator is above 100. When the CCI (Commodity Channel Index) is at this level it means the price is above the average price as measured by the indicator, indicating a possible start of a new uptrend.

\\n

Overall, looking at the technical analysis landscape, it seems that although indicators are mixed and some are pointing in different directions further drawbacks may be next for Netflix.

\\n

Netflix's market cap is currently $88.40 billion the year 2022 has not been the best for the streaming company, it lost 66% of its value. So far in 2022, it has been doing worse than the Nasdaq by 35%.

\\n\",\"\\n

Walmart traded at $125.32, down by 1.72% when the session closed

\\n

(Last update 6:31pm EST, June 5, 2022)

\\n

\\n

A quick look at Friday: after closing the previous trading day at $127.51 and dropping to $125.09, the warehouse stores chain company closed Friday at $125.32. Overall, Walmart lost 1.72% of its value. The trading volume was 6.10 million, which is below the daily average of 13 million.

\\n

A chart visual study suggests the nearest support level is at $119.07, while the closest resistance is at $159.87.

\\n

The company has a market cap of $344.98 billion a month ago the discount department and warehouse stores chain has hit its yearly high point of $159.87, since than it lost 20.24%. So far in 2022, it has been doing worse than the Dow by 2.08%.

\\n

\\n
\\n

Walmart says some suppliers working with retailer to cut prices https://t.co/xGgDzNkPu1 pic.twitter.com/KuNDTvqcEW

\\n

— Reuters (@Reuters) June 4, 2022

\\n

\\n

\\n\",\"\\n

Procter & Gamble dropped by 0.9% and closed the session at $145.89

\\n

(Last update 6:31pm EST, June 5, 2022)

\\n

\\n

A quick look at Friday: the consumer goods corporation remained in the $145.89 range after closing Thursday at $147.21 and dropping 0.9% as it reached the end Friday's session. The trading volume was 4.46 million which is below the daily average of 7.31 million.

\\n

Procter & Gamble chart analysis: Procter & Gamble's nearest support level is at $141.7. Trend indicators show us that at $145.73, Procter & Gamble made an initial breakout below the 10 day Simple Moving Average, an indication of a negative trend.

\\n

Overall, looking at the technical analysis landscape, it seems Procter & Gamble is likely to continue pointing down in the short term.

\\n

The company's market cap is $350 billion 4 months ago the consumer goods corporation has hit its yearly high point of $164.21, since than it lost 10.35%. So far in 2022 it has been beating the Dow Jones by 0.72%.

\\n\",\"\\n

Walt Disney lost 1.98% Friday, closed at $108.67

\\n

(Last update 6:31pm EST, June 5, 2022)

\\n

\\n

A quick look at Friday: after closing the previous trading day at $110.87 and dropping to $107.92, the entertainment and content production company closed Friday at $108.67. Overall, Walt Disney lost 1.98% of its value. The trading volume was 6.53 million — lower than the daily average of 14.25 million.

\\n

Trend indicators show us that at $109.09, Walt Disney made an initial breakout below the 5 day Simple Moving Average, an indication of a negative trend.

\\n

Overall, looking at the technical analysis landscape, it seems Walt Disney is likely to start pointing downward in the short term.

\\n

The company has a market cap of $197.94 billion the entertainment and content production company is up 9.13% on its yearly low ($101.59) that i hit 12 days ago. So far in 2022, it has been under-performing the Dow Jones by 19.17%.

\\n\",\"\\n

Coca-Cola closed at $62.97 after losing 1.19% Friday

\\n

(Last update 6:31pm EST, June 5, 2022)

\\n

\\n

A quick look at Friday: the soft drink company remained in the $62.97 range, after closing Thursday at $63.73 and dropping by 1.19% Friday. Trading volume (13.54 million) was slightly below the latest 21 day average volume by 68.1%.

\\n

An analysis of Coca-Cola's chart suggests the nearest support level is at $60. Trend indicators show us that at $63.11, Coca-Cola made an initial breakout below the 10 day Simple Moving Average, an indication of a negative trend.

\\n

Overall, looking at the technical analysis landscape, it seems Coca-Cola is likely to continue pointing down in the short term.

\\n

Coca-Cola's market cap currently stands at $272.98 billion the soft drinks giant is now trading 21.85% above its yearly low ($63.62) that it has slumped into 6 months ago. So far in 2022, it has performed better than the Dow Jones by 17.19%.

\\n\",\"\\n

Friday Pfizer went up and closed at $53.2

\\n

(Last update 6:31pm EST, June 5, 2022)

\\n

\\n

Friday at a glance: Pfizer ended Thursday at $52.68. Friday it went up to $53.53 only to drop back, yet still managed to close at $53.2. The trading volume was 18.12 million which was slightly under the daily average of 25.42 million.

\\n

Chart pattern study shows Pfizer's immediate resistance is around $53.67 and its nearest support level is at $48.13. Trend indicators show us that at $53.2, Pfizer made an initial breakout above 5 day Simple Moving Average, an indication of a positive trend.

\\n

Examining the technical analysis landscape, Pfizer might continue its downtrend in the short term.

\\n

The company's market cap is $298.50 billion the pharmaceuticals and biotechnology company is now trading 14% below its yearly high ($61.25) that it held 5 months ago. So far in 2022, it has been outperforming the Dow by 4.93%.

\\n\",\"\\n

McDonald's lost 0.26% Friday, closed at $248.36

\\n

(Last update 5:56pm EST, June 5, 2022)

\\n

\\n

Friday at a glance: light red, mostly flat: McDonald's ranged between $250.27 and $248.17, closing at $248.36. The trading volume was 1.84 million — below the daily average of 2.93 million.

\\n

Chart pattern study shows the nearest support level is at $229. In terms of trend indicators, we can see that at $248.6, McDonald's made an initial breakout below the 200 day Simple Moving Average, an indication of a negative trend.

\\n

Overall, looking at the technical analysis landscape, it seems McDonald's is likely to continue pointing down in the short term.

\\n

The company has a market cap of $183.67 billion the fast food giant has hit is lowest yearly rate ($222) 2 months ago, since then it has recovered 12.16%. So far in 2022 it has been beating the Dow Jones by 3.57%.

\\n\",\"\\n

Bitcoin steady at $29,922, no significant movement

\\n

(Last update 5:56pm EST, June 5, 2022)

\\n

\\n

Bitcoin is trading steadily today, ranging between $30,100 and $29,583 and is now at $29,922.

\\n

As the day reaches an end a chart visual study suggests Bitcoin might start to recover soon because it is getting close to its support line— now only $1,122.65 away at $28,800. Dipping below could be an indication that further losses are ahead. In terms of trend indicators, we can see that at $29,935, Bitcoin made an initial breakout above 21 day Simple Moving Average, an indication of a positive trend. In contrast, Bitcoin's upper Bollinger band is at $31,482, indicating a downward move might be next.

\\n

Overall, looking at the technical analysis landscape, it seems Bitcoin might be pointing upward in the short term.

\\n

Bitcoin has a market cap of 570.29 billion 6 months ago Bitcoin has hit its yearly high point of $67,600, since than it lost 55.86%.

\\n

\\n
\\n

Crypto exchange Gemini sued for 'misleading statements' over bitcoin futures contract https://t.co/FTKUc0weO3 by @dshollers pic.twitter.com/cnLI4CLLUS

\\n

— Yahoo Finance (@YahooFinance) June 5, 2022

\\n

\\n

\\n\",\"\\n

CME Gold reached $1,848 per ounce after gaining 0.15% Friday

\\n

(Last update 5:56pm EST, June 5, 2022)

\\n

\\n

Friday at a glance: after ending Thursday at $1,845.4, CME Gold went up to $1,871.8 only to drop back, yet still traded well overall and closed at $1,848 per ounce Friday.

\\n

A chart visual study suggests Gold's immediate resistance is around $1,864.57 and its nearest support level is at $1,810. Trend indicators show us that although up today, it's worth noting that earlier Gold dropped below the 10 day Simple Moving Average as it was trading at $1,853, usually an indication that a negative trend is ahead. Asset volatility analysis shows that a slight indication of a slowdown comes from looking at the Bollinger bands: the upper band is at $1,876.22 – a high enough level to usually suggest CME Gold is trading above its value.

\\n

Overall, looking at the technical analysis landscape, it seems CME Gold is likely to reverse course and start pointing down in the short term.

\\n

CME Gold is now trading 10.34% below its yearly high ($2,058.3) that it held 2 months ago.

\\n

\\n
\\n

British-American DJ Mark Ronson honored Queen Elizabeth’s #PlatinumJubilee by flipping the Empire State Building’s lights to purple and gold pic.twitter.com/53im1MZUnt

\\n

— Reuters (@Reuters) June 5, 2022

\\n

\\n

\\n\",\"\\n

West Texas crude reached $121.95 per barrel after gaining 2.2% Friday

\\n

(Last update 5:56pm EST, June 5, 2022)

\\n

\\n

A quick look at Friday: US crude oil recovered from the previous trading session's losses and went up to $121.95 per barrel Friday after it traded lower at $116.88.

\\n

Chart pattern study shows the nearest resistance level is at $122.07; if WTI crude oil breaks through, the next level is at $123.88. Support levels are at $110.61 and followed by $98.62 further down. In terms of trend indicators, we can see that the CCI indicator is above 100. When the CCI (Commodity Channel Index) is at this level it means the price is above the average price as measured by the indicator, indicating a possible start of a new uptrend. Asset volatility analysis shows that a slight indication of a slowdown comes from looking at the Bollinger bands: the upper band is at $120.12 – a high enough level to usually suggest WTI crude oil is trading above its value.

\\n

All in all, while WTI crude has been going up, technical indicators suggest flatness for the immediate future.

\\n

WTI crude oil has gained 82.78% over the last 5 months.

\\n\",\"\\n

Euro/Dollar steady at 1.0722, no significant movement

\\n

(Last update 5:56pm EST, June 5, 2022)

\\n

\\n

A quick look at Friday: Thursday closed at 1.0722 for the Euro; Friday it jumped to 1.0723, slid back to starting point range, yet ended the day 1.0722.

\\n

The Euro's graph levels to watch: Euro/Dollar's nearest support level is at 1.0382. In terms of trend indicators, we can see that even though Euro/Dollar is up today, it is worth noting that earlier it dropped below 10 day Simple Moving Average and was trading at 1.0708, a possible sign that a negative trend is ahead.

\\n

Examining the technical analysis landscape, Euro/Dollar is likely to reverse course and start pointing downward in the short term.

\\n

Hitting its yearly low (1.0382) 24 days ago, the Euro has bounced back 3.28% since.

\\n\",\"\\n

Stable day for the Pound, trading at 1.2493

\\n

(Last update 7:11pm EST, June 5, 2022)

\\n

\\n

Friday at a glance: after finishing Thursday at 1.2492, GBP/USD went up to 1.25 only to drop some of the way, closing at 1.2493 Friday.

\\n

A chart visual study suggests the Pound's immediate resistance is around 1.2495 and its nearest support level is at 1.22. Trend indicators show us that at 1.2579, the British Pound made an initial breakout above 10 day Simple Moving Average, an indication of a positive trend.

\\n

Overall, looking at the technical analysis landscape, it seems Pound/Dollar might continue pointing upwards in the short term.

\\n

The British Pound is now trading 2.4% above its yearly low (1.25) that it has slumped into 24 days ago.

\\n\",\"\\n

Dollar/Yen erased gains after record high, closed at 130.85

\\n

(Last update 7:11pm EST, June 5, 2022)

\\n

\\n

Dollar/Yen retained a record high value of 131, then dropped 15 pips and closed at Friday. This comes following 's session in which it closed at 130.9.

\\n

A study of Dollar/Yen's chart pattern shows the nearest support level is at 126.88, while the closest resistance is at 130.88. Trend indicators show us that the MACD line is significantly above the MACD signal line, meaning the medium-term trend might turn negative. According to asset volatility analysis, Dollar/Yen's upper Bollinger band at 131.48, indicating a further downward move might be next. In contrast, the CCI indicator is above 100. When the CCI (Commodity Channel Index) is at this level it means the price is above the average price as measured by the indicator, indicating a possible start of a new uptrend.

\\n

Overall, looking at the technical analysis landscape, it seems that although indicators are mixed and some are pointing in different directions further drawbacks may be next for Dollar/Yen.

\\n

Dollar/Yen has gained 13.93% over the last 2 months.

\\n\",\"\\n

Stable day for Dollar/Swiss, parking at 0.9626

\\n

(Last update 7:11pm EST, June 5, 2022)

\\n

\\n

Friday at a glance: Dollar/Swiss went up to 0.9626, after ending Thursday at 0.9623. Overall, a 0.03% move or 2 pips.

\\n

A study of Dollar/Swiss's graph shows key levels to watch: the nearest resistance level is at 1.0026. In terms of trend indicators, we can see that at 0.96, Dollar/Swiss made an initial breakout above 10 day Simple Moving Average, an indication of a positive trend.

\\n

Examining the technical analysis landscape, Dollar/Swiss might continue its downtrend in the short term.

\\n

Dollar/Swiss is now trading 4% below its yearly high (1.0026) that it held 24 days ago.

\\n\",\"\\n

The Australian dollar steady at 0.7208, no significant movement

\\n

(Last update 7:11pm EST, June 5, 2022)

\\n

\\n

A quick look at Friday: light red: the Australian dollar closed at 0.7208 after ranging between 0.7219 and 0.7203.

\\n

A chart visual study suggests the nearest support level is at 0.6862. Trend indicators show us that at 0.7238, the Australian dollar made an initial breakout below the 200 day Simple Moving Average, an indication of a negative trend.

\\n

Overall, looking at the technical analysis landscape, it seems the Australian dollar is likely to continue pointing down in the short term.

\\n

Aussie/Dollar is now trading 5.13% above its yearly low (0.7219) that it has slumped into 24 days ago.

\\n\\n\"],\"title\":\"Financial Markets Review – 5 June 2022 – 19:11:25\",\"date\":\"2022-06-05T23:11:25\"}"; var omg_ads = JSON.parse(decodeHtml(omg_ads_string)); } catch (e) { var omg_ads = JSON.parse(omg_ads_string); }