As with most stocks, the Wall Street analyst community remains staunchly optimistic with an average price target of $354.25.

We continue our deep dive series with a focus on Facebook parent Meta Platforms. We will focus as ever on traditional DCF cash flow analysis as well as a relative valuation model to forecast a 12-month price target.

Football fans will have to wait until the winter to see the World Cup – but forex traders have their dream team playing in a panel already now.

Solid US job creation in July temporarily spooked the recession ghost. European data signals a contraction spiral just beginning in the Union. EUR is bearish in the long run, 1.0105 stands in the way to parity.

GBP snapped two straight weekly gains after dovish BOE. UK GDP could confirm a potential recession, US inflation is also crucial. Acceptance above 1.2200 is critical for GBP bulls to sustain recovery.

Gold closed the third straight week in positive territory. $1,780 aligns as key technical level for XAU/USD. July inflation data from the US could trigger a strong reaction next week.

Bitcoin price shows an interesting setup that could reveal its next move. On closer inspection,  its technicals support a bearish outlook for the leading crypto.  

The confusion in the investors' minds continues to feed through to the marketplace as the early week rally peters out and Friday sees a turnaround. With the rally reaching around 7% for the S&P 500 (SPY) that is no surprise.

With US CPI reaching another 40 year high of 9.1% in June, there was some concern that the Federal Reserve might have been tempted to go for a bigger than expected 100bps rate move in July.