Forex News | Technical Analysis Report – 19 February 2021 | Capital Street FX
Asian stocks pulled back from all-time peaks on Friday. The Shanghai composite is up 0.30% at 3,686.31. Overall, the Singapore MSCI down 0.86% at 330.05. Over in Hong Kong, the Hang Seng Index down 0.03% to 30,431. In Japan, the Nikkei 225 down 0.89% at 29,960, while the Topix index is down 0.93% at 1926.0. South Korea’s Kospi up 0.57% to 3104.49. Australia S&P/ASX 200 down 1.34% at 6793.8.
European equities Thursday closing. The DAX futures contract in Germany traded 0.16% down at 13886.93, CAC 40 futures down 0.65% at 5728.3 and the UK 100 futures contract in the U.K. down 1.40% at 6,617.2.
In U.S. on Wall Street, the Dow Jones Industrial Average closed 0.38% down at 31493.3 the S&P 500 down 0.44% to 3914.0 and the Nasdaq 100 down 0.16% at 13622.2, NYSE closes at 15290.63 down 0.73%.
In the Forex market, GBPUSD up 0.03% at 1.39743. The USDJPY down 0.12% at 105.54. The USDCHF up 0.04% at 0.89611. EURUSD up 0.06% at 1.20966, EUR/GBP up 0.09% at 0.86561. The USD/CNY down 0.17% at 6.4679, at the time of writing.
In the commodity market U.S Gold futures down 0.05% at $1,774.10. Elsewhere, Silver futures down 0.41% to $26.891 per ounce, Platinum down 0.80% at $1262.85 per ounce, and Palladium down 0.04% to $2,355.0.
Crude Oil down on Friday; Brent crude oil down 0.38% to $63.35 barrel while U.S. West Texas Intermediate (CLc1) is down 0.29% at $58.46.
In the Cryptocurrency Markets, BTCUSD at 51657.94 up 0.15%, Ethereum at 1915.84 down 1.20%, Litecoin at 226.98 up 0.08%, at the time of writing.
TOP STOCKS TO WATCH OUT TODAY:
Kellogg Co up 2.585% at $59.53, KRAFT HEINZ Co. up 5.24% at $38.96, WALMART Inc down 6.481% to $137.66, APACHE Corp. down 5.672% to $17.63, MICRON TECHNOLOGY down 2.888% to $88.535, MODERNA Inc. down 4.068% at $169.57.
Economic news:
US: The United States will keep tariffs imposed on Chinese goods by the former Trump administration in place for now, but will evaluate how to proceed after a thorough review, Treasury Secretary Janet Yellen told CNBC on Thursday.
“For the moment, we have kept the tariffs in place that were put in by the Trump administration … and we’ll evaluate going forward what we think is appropriate,” Yellen told the cable news network, adding that Washington expected Beijing to adhere to its commitments on trade.
Asked if tariffs worked, Yellen hesitated, then said, “We’ll look at that.”
The White House last month said it would review all national security measures put in place by former President Donald Trump, including an interim trade deal with Beijing.
The deal eased tensions between the world’s two largest economies after a damaging trade war that U.S. experts estimate led to a peak loss of 245,000 U.S. jobs, but most of the tariffs remain in place on both sides.
Eurozone: The British state must take a bigger role in supporting businesses and the public, just as it did in the aftermath of World War Two, Labour Party leader Keir Starmer said on Thursday.
Starmer, who took over as leader of the main opposition party to Prime Minister Boris Johnson’s Conservatives in 2020, set out his alternative vision for the country’s post-Brexit and post-COVID future.
“I believe there’s a mood in the air which we don’t detect often in Britain. It was there in 1945 after the sacrifice of war, and it’s there again now,” he said. “It’s the determination that our collective sacrifice must lead to a better future.”
He proposed the creation of a “recovery bond” to allow the public to put their household savings into directly funding projects via the state-run National Infrastructure Bank.
Important Data: UK Retail Sales (MoM) (Jan) today at 2:0 this time estimated -2.5%, previously which was 0.3%. German Manufacturing PMI (Feb) today at 3:30 this time estimated 56.5, previously which was 57.1. UK Manufacturing PMI today at 4:30 previously which was 54.1. Core Retail Sales (MoM) (Dec) today at 8:30 this time estimated -2.0%, previously which was 2.1%.
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