Stock Market Technical Analysis Report 10-february-2021 | Capital Street FX

 Stock Market Technical Analysis -  Asian stocks hit a record high on Wednesday. The Shanghai composite is up 1.13% at 3,644.18. Overall, the Singapore MSCI up 0.09% at 334.10. Over in Hong Kong, the Hang Seng Index up 1.76% to 29,925. In Japan, the Nikkei 225 down 0.07% at 29,480, while the Topix index is down 0.08% at 1929.5. South Korea’s Kospi up 0.76% to 3108.54. Australia S&P/ASX 200 up 0.52% at 6856.9.

European equities Tuesday closing. The DAX futures contract in Germany traded 0.34% down at 14011.80, CAC 40 futures up 0.10% at 5691.5 and the UK 100 futures contract in the U.K. up 0.12% at 6,531.6.

In U.S. on Wall Street, the Dow Jones Industrial Average closed 0.03% down at 31375.8 the S&P 500 down 0.11% to 3911.2 and the Nasdaq 100 down 0.06% at 13687.1, NYSE closes at 15244.40 up 0.12%.

In the Forex market, GBPUSD up 0.04% at 1.38215. The USDJPY flat at 104.54. The USDCHF down 0.07% at 0.89158. EURUSD up 0.07% at 1.21258, EUR/GBP up 0.05% at 0.87727. The USD/CNY up 0.08% at 6.4394, at the time of writing.

In the commodity market U.S. Gold futures up 0.23% at $1,842.40. Elsewhere, Silver futures up 0.13% to $27.28 per ounce, Platinum up 2.68% at $1207.01 per ounce, and Palladium up 0.11% to $2,328.0.

Crude Oil mix on Wednesday; Brent crude oil down 0.11% to $61.11 barrel while U.S. West Texas Intermediate (CLc1) is up 1.45% at $57.57.

In the Cryptocurrency Markets, BTCUSD at 46458.78 down 0.05%, Ethereum at 1820.31 up 2.67%, Litecoin at 191.11 up 5.25%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY:

TWITTER Inc. up 2.869% at $59.87, FORD MOTOR Co. up 3.201% at $11.93, GARTNER Inc. up 4.286% to $183.72, MOSIAC Co. down 3.816% to $27.98, NETFLIX Inc. up 2.035% to $559.07, JD. Com Inc. down 2.644% at $97.07.

Economic news:

US: The top lawmaker on trade matters in the U.S. House of Representatives said on Tuesday that he will focus this year on enforcing U.S. trade agreements and working with the Biden administration to combat China’s use of forced labor in its western Xinjiang region.

House Ways and Means Committee Chairman Richard Neal, speaking on a webcast forum organized by the Washington International Trade Association, said he also was open to negotiating new trade agreements with Britain and the European Union.

The Massachusetts Democrat also said he would work closely with U.S. Trade Representative nominee Katherine Tai, who previously served as the Ways and Means Committee’s Democratic trade counsel, “to make sure that we aggressively enforce all the provisions” in the new U.S.-Mexico-Canada Agreement.

Eurozone: Britain has suffered “one or two teething issues” in exporting fish to the European Union after Brexit, the country’s environment minister said on Tuesday, in comments that are likely to anger fishermen struggling to trade.

Small fishing firms have largely failed to export their goods to Europe after the post-Brexit introduction of catch and health certificates, customs declarations and higher transport costs made trade too expensive and too slow for EU buyers.

Important Data: US Core CPI (MoM) (Jan) today at 8:30 this time estimated 0.2%, previously which was 0.1%. US Crude Oil Inventories today at 10:30 this time estimated 0.985M, previously which was -0.994M. AUSTRALIA Westpac Consumer Sentiment (Feb) today at 18:30 previously which was -4.5%. BRAZIL Retail Sales (MoM) (Dec) today at 7:00 previously which was at -0.1%.

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