Technical Analysis Report 08 February 2021 | Capital Street Fx

 Asia Pacific stocks were mostly up on Tuesday morning. The Shanghai composite is up 1.72% at 3,593.37. Overall, the Singapore MSCI up 0.21% at 333.70. Over in Hong Kong, the Hang Seng Index up 0.52% to 29,323. In Japan, the Nikkei 225 up 0.34% at 29,510, while the Topix index is down 0.13% at 1925.5. South Korea’s Kospi down 0.06% to 3089.45. Australia S&P/ASX 200 down 0.86% at 6821.2.

European equities Monday closing. The DAX futures contract in Germany traded 0.02% up at 14059.91, CAC 40 futures up 0.47% at 5686.0 and the UK 100 futures contract in the U.K. up 0.53% at 6,523.5.

In U.S. on Wall Street, the Dow Jones Industrial Average closed 0.76% up at 31385.8 the S&P 500 up 0.74% to 3915.6 and the Nasdaq 100 down 0.03% at 13688.8, NYSE closes at 15226.60 up 1.04%.

In the Forex market, GBPUSD up 0.31% at 1.37815. The USDJPY down 0.32% at 104.87. The USDCHF down 0.28% at 0.89626. EURUSD up 0.28% at 1.20786, EUR/GBP down 0.04% at 0.87637. The USD/CNY up 0.08% at 6.4493, at the time of writing.

In the commodity market U.S. Gold futures up 0.46% at $1,838.76. Elsewhere, Silver futures up 0.38% to $27.35 per ounce, Platinum up 1.83% at $1180.21 per ounce, and Palladium up 0.49% to $2,350.5.

Crude Oil up on Tuesday; Brent crude oil up 0.86% to $61.20 barrel while U.S. West Texas Intermediate (CLc1) is up 1.18% at $57.31.

In the Cryptocurrency Markets, BTCUSD at 47188.04 up 1.64%, Ethereum at 1747.03 down 1.32%, Litecoin at 171.04 up 2.02%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY:

NVIDIA Corp. up 6.238% at $577.55, UNITED AIRLINES up 5.244% at $44.35, PAY PAL Holdings up 4.725% to $282.17, ZOOM VIDEO Co. down 2.142% to $94.57, CATERPILLAR Inc. up 2.306% to $197.45, NIKE Inc. down 1.172% at $143.41.

Economic news:

US: U.S. monetary policy will stay accommodative for a “very long time” because the economy is far from the Federal Reserve’s goals for maximum employment and price stability, Cleveland Fed President Loretta Mester said Monday.

“We’re going to be accommodative for a very long time because the economy just needs it to get back on its feet,” Mester said during a virtual discussion organized by the Toledo Rotary Club.

The policymaker repeated her view that economic activity could pick up in the second half of the year after most Americans have been vaccinated. But until then, fiscal aid that speeds up vaccine distribution and supports workers who are unemployed or underemployed could help stabilize the economy, Mester said.

Eurozone: The European Union’s executive has told Hungary to reform its public procurement laws to curb systemic fraud before billions of euros from the EU pandemic recovery fund are made available, according to an internal document seen by Reuters.

The European Commission is mandated with managing the 750-billion-euro scheme and has already told several EU states their proposals for spending their part of the funds must be improved.

The bloc wants outright changes to Hungary’s public procurement laws, according to the Jan. 26 Commission document laying out specific legal changes required of Prime Minister Viktor Orban’s government.

“Competition in public procurement is insufficient in practice,” said the document, adding that that was linked to “systemic irregularities” that “led to the highest financial correction in the history of (EU) structural funds in 2019”.

Important Data: AUSTRALIA Building Approvals (MoM) today at 19:30 this time estimated 10.9%, previously which was 2.6%. CHINA CPI (MoM) (Jan) today at 20:30 this time estimated 1.0%, previously which was 0.7%. AUSTRALIA Westpac Consumer Sentiment (Feb) today at 18:30 previously which was -4.5%. US API Weekly Crude Oil Stock today at 16:30 previously which was at -4.261M.

Read Here TECHNICAL SUMMARY

Comments

Post a Comment

Popular posts from this blog

Financial Markets & Stock Market Technical Analysis 22 Januray 2021 | Capital Street Fx

  Asia Pacific stocks were mostly down on Friday morning. The Shanghai composite is down 0.59% at 3,598.70. Overall, the Singapore MSCI down 0.87% at 340.75. Over in Hong Kong, the Hang Seng Index down 1.33% to 29,516. In Japan, the Nikkei 225 down 0.28% at 28,650, while the Topix index is down 0.05% at 1855.5. South Korea’s Kospi up 0.50% to 3143.93. Australia S&P/ASX 200 down 0.34% at 6800.4. European equities Thursday closing. The DAX futures contract in Germany traded 0.11% down at 13906.67, CAC 40 futures down 0.67% at 5590.8 and the UK 100 futures contract in the U.K. down 0.37% at 6,715.4. In U.S. on Wall Street, the Dow Jones Industrial Average closed flat at 31176.0 the S&P 500 up 0.03% to 3853.1 and the Nasdaq 100 down 0.38% at 13360.0, NYSE closes at 15019.04 down 0.52%. In the Forex market, GBPUSD down 0.25% at 1.36943. The USDJPY up 0.16% at 103.643. The USDCHF up 0.04% at 0.88541. EURUSD up 0.03% at 1.21648, EUR/GBP up 0.28% at 0.88825. The USD/CNY up 0.20% at...
Read more

Financial Markets & Stock Market Technical Analysis | Capital Street Fx

Image
  Asian shares climbed to a record high on Wednesday. The Shanghai composite is up 0.15% at 3,570.99. Overall, the Singapore MSCI down 0.34% at 340.45. Over in Hong Kong, the Hang Seng Index up 0.61% to 29,795. In Japan, the Nikkei 225 down 0.73% at 28,460, while the Topix index is down 0.70% at 1843.5. South Korea’s Kospi up 0.40% to 3105.04. Australia S&P/ASX 200 up 0.49% at 6775.6. European equities Tuesday closing. The DAX futures contract in Germany traded 0.24% down at 13815.06, CAC 40 futures down 0.33% at 5598.6 and the UK 100 futures contract in the U.K. down 0.02% at 6,735.1. In U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.38% at 30930.5 the S&P 500 up 0.81% to 3798.9 and the Nasdaq 100 up 0.07% at 13053.7, NYSE closes at 14987.34 up 0.63%. In the Forex market, GBPUSD up 0.22% at 1.36518. The USDJPY down 0.13% at 103.762. The USDCHF down 0.01% at 0.88799. EURUSD up 0.10% at 1.21411, EUR/GBP down 0.02% at 0.88927. The USD/CNY down 0.14% at 6.46...
Read more