Shares in Uber Technologies were trading higher on Tuesday, as reports circulated that the company was set to report adjusted profits.

After being one of the biggest companies impacted by the COVID-19 outbreak, Uber has quietly regained its footing in recent months.

It is reported that online food orders surged and ride bookings recovered from pandemic lows last quarter.

As a result, the company announced that it was expecting adjusted earnings before interest to breakeven in Q3, forecasting a loss of $25 million and a profit of the same figure, compared with the prior reports of a loss of $100 million.

Uber was trading 12.44% higher, as of writing.

S&P 500 rebounds, as Biden speaks at UN

The benchmark S&P 500 rebounded on Tuesday, a day before September’s much anticipated Fed meeting.

Tuesday’s rally also came as U.S. President Joe Biden spoke at the United Nations General Assembly.

Defending his decision to end America’s presence in Afghanistan, the President stated, “Instead of continuing to fight the wars of the past, we are fixing our eyes and devoting our resources to challenges that hold the keys to our collective future”.

Biden’s speech came during the 76th Annual UN Assembly, which was substantially scaled down due to the COVID-19 pandemic.

As of writing, the S&P 500 was marginally higher, with the NASDAQ trading 0.30% higher.


Trading any financial instrument on margin involves considerable risk. Therefore, before deciding to participate in margin trading, you should carefully consider your investment objectives, level of experience and risk appetite. Most importantly, do not invest money you cannot afford to lose. Consulting with your investment counselor, attorney or accountant as to the appropriateness of an investment in margin trading is recommended. This electronic mail message is intended only for the person or entity named in the addressee field. This message contains information that is privileged and confidential. If you are not the addressee thereof or the person responsible for its delivery, please notify us immediately by telephone and permanently delete all copies of this message. Any dissemination or copying of this message by anyone other than the addressee is strictly prohibited.

Feed news

How do emotions affect trade?
Follow up our daily analysts guidance

Subscribe Today!    

Latest Forex Analysis

Latest Forex Analysis

Editors’ Picks

EUR/USD jumps to three-week highs near 1.1650 amid falling dollar, yields

EUR/USD is trading close to 1.1650, recovering ground to clinch three-week highs. The pair cheers risk-on mood-led decline in the US dollar. Treasury yields pullback, as poor US industrial data tempers hawkish Fed’s expectations. Focus on ECB and Fedspeak.


GBP/USD: Upside needs validation above the descending trendline near 1.3780

GBP/USD edges higher on Tuesday in the Asian trading hours. The pair faces strong resistance near the 1.3770-1.3780 zone below the bearish slopping line. MACD signals upside momentum with the underlying bullish sentiment.


Gold eyes $1,780 amid recent USD weakness

Gold prices lock in some fresh gains above $1,770 amid a recent pullback in the greenback. The US benchmark Treasury yields trade lower at 1.57% with 0.57% losses, which weigh on the greenback.  A lower USD valuation enhances the appeal of the precious metal for the other currencies holders. 

Gold News

Litecoin on the cusp of 26% breakout

Litecoin price is on the penultimate leg of a technical formation that will catalyze a quick bull rally. LTC needs to clear one critical hurdle to kick-start a run-up to levels last seen more than a month ago. Litecoin price has been on a slow but steady uptrend since Oct 13.

Read more

Netflix Stock Price and Forecast: When are NFLX earnings?

Netflix stock falls nearly 1% on Friday ahead of earnings. NFLX releases earnings on Tuesday, October 19, after the close. Netflix stock has been boosted by the success of Squid Game.

Read more