Investors can’t have enough of Apple (AAPL Stock) [Video]

Ipek Ozkardeskaya Swissquote Bank Ltd

Apple is about to become a $3-trillion company as investors just can’t have enough of it! Some analysts say the stock is undervalued at the current levels, and the fattening process can only accelerate for Apple and the other tech giants as big calls for bigger!

The mood elsewhere is a bit more container compared to the prior sessions, but small gains are good news as they show that consolidation is underway. The easing volatility is a sign that the gains are more sustainable than what they appeared to be a couple of sessions ago. Of course, that does not mean that tomorrow’s US inflation data will be piece of cake!

On the virus front, worries that omicron will cause trouble are waning, but a new strain is found in Australia, and it is harder to detect with a PCR test. The latter news call for caution with the airline and travel stocks!

And institutional investors don't think Bitcoin is for retailers, but they are mistaken as, although volatile and not suitable for everyone, Bitcoin is born to serve retailers and not institutions!

Author

Ipek Ozkardeskaya

Swissquote Bank Ltd

Ipek Ozkardeskaya began her financial career in 2010 in the structured products desk of the Swiss Banque Cantonale Vaudoise. She worked in HSBC Private Bank in Geneva in relation to high and ultra-high-net-worth clients.

EUR/USD meets initial support around 1.1800

EUR/USD remains on the back foot, although it has managed to reverse the initial strong pullback toward the 1.1800 region and regain some balance, hovering around the 1.1850 zone as the NA session draws to a close on Tuesday. Moving forward, market participants will now shift their attention to the release of the FOMC Minutes and US hard data on Wednesday.

GBP/USD bounces off lows, retargets 1.3550

After bottoming out just below the 1.3500 yardstick, GBP/USD now gathers some fresh bids and advances to the 1.3530-1.3540 band in the latter part of Tuesday’s session. Cable’s recovery comes as the Greenback surrenders part of its advance, although it keeps the bullish bias well in place for the day.

Gold remains offered below $5,000

Gold stays on the defensive on Tuesday, receding to the sub-$5,000 region per troy ounce on the back of the persistent move higher in the Greenback. The precious metal’s decline is also underpinned by the modest uptick in US Treasury yields across the spectrum.

Ethereum Price Forecast: BitMine extends ETH buying streak, says long-term outlook remains positive

Ethereum (ETH) treasury firm BitMine Immersion continued its weekly purchase of the top altcoin last week after acquiring 45,759 ETH.

UK jobs market weakens, bolstering rate cut hopes

In the UK, the latest jobs report made for difficult reading. Nonetheless, this represents yet another reminder for the Bank of England that they need to act swiftly given the collapse in inflation expected over the coming months.

Ripple slides to $1.45 as downside risks surge

Ripple edges lower at the time of writing on Tuesday, from the daily open of $1.48, as headwinds persist across the crypto market. A short-term support is emerging at $1.45, but a buildup of bearish positions could further weaken the derivatives market and prolong the correction.