Daily Technical Analysis Report On 25 March 2021 | Forex News

 Asia Pacific stocks were mostly up Thursday morning. The Shanghai composite is down 0.07% at 3,364.65. Overall, the Singapore MSCI up 0.59% at 355.90. Over in Hong Kong, the Hang Seng Index down 0.01% to 27,873. In Japan, the Nikkei 225 up 1.45% at 28,600, while the Topix index is up 1.54% at 1942.5. South Korea’s Kospi up 0.27% to 3004.71. Australia S&P/ASX 200 up 0.17% at 6790.6.

European equities Wednesday closing. The DAX futures contract in Germany traded 0.35% down at 14610.39, CAC 40 futures up 0.03% at 5947.3 and the UK 100 futures contract in the U.K. up 0.20% at 6,712.9.

In U.S. on Wall Street, the Dow Jones Industrial Average closed 0.01% at 32420.1, the S&P 500 down 0.55% to 3889.1 and the Nasdaq 100 up 0.09% at 12825.2, NYSE closes at 15276.56 down 0.46%.

In the Forex market, GBPUSD up 0.034% at 1.36875. The USDJPY up 0.24% at 108.977. The USDCHF up 0.03% at 0.93592. EURUSD up 0.03% at 1.18160, EUR/GBP up 0.07% at 0.86328. The USD/CNY up 0.14% at 6.5335, at the time of writing.

In the commodity market U.S Gold futures up 0.02% at $1,734.37. Elsewhere, Silver futures up 0.09% to $25.060 per ounce, Platinum up 0.11% at $1168.83 per ounce, and Palladium down 0.09% to $2,632.50.

Crude Oil mix on Thursday; Brent crude oil down 1.78% to $63.01 barrel while U.S. West Texas Intermediate (CLc1) is up 0.49% at $63.47.

In the Cryptocurrency Markets, BTCUSD at 53053.23 up 1.46%, Ethereum at 1594.88 up 0.71%, Litecoin at 177.42 up 0.70%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY:

ETSY Inc. down 9.328% at $199.18, DISCOVERY Inc. down 13.415% at $54.54, TESLA Inc. down 4.816% at $630.27, EBAY Inc. down 4.427% at $57.64, FINSERV Inc. up 1.616% at $123.25, BAIDU Inc. down 8.549% at $239.19, WORKDAY Inc. down 4.398% at $246.07, JD.Com Inc. down 5.317% at $79.07.

Economic news:

US: San Francisco Federal Reserve President Mary Daly on Wednesday said the U.S. economy is a “long way” from its goals, as she noted little upward pressure on wages and remarked on the absence of froth in financial conditions, all suggestive of support for keeping the Fed’s foot on the monetary gas pedal.

Asked her view of the appropriate timing for the Fed’s first interest rate hike, however, Daly declined to say. She told reporters on a call that what’s important is that people “completely understand” the Fed won’t raise rates until employment shortfalls have been eliminated and inflation is not only running at 2% but is also projected to exceed that for some time. “We are not there yet,” she said. “The important thing right now, I think for everyone, is a healthy dose of patience.”

Eurozone: Danish toymaker Lego on Wednesday won the backing of Europe’s second-highest court in its fight to secure design rights for its colourful snap-together plastic building bricks familiar to millions of children worldwide.

The Luxembourg-based General Court threw out a 2019 decision by the European Union Intellectual Property Office (EUIPO) that sided with German toy and hardware maker Delta Sport Handelskontor which had sought to declare Lego’s design invalid.

Lego challenged that ruling at the court, which on Wednesday disagreed with the trademark agency’s assessment.

“EUIPO erroneously declared invalid a design of a brick of a LEGO toy building set,” judges said.

“EUIPO failed to examine the relevance of the application of the exception relied on by Lego and failed to take into consideration all the features of appearance of the brick,” they said.

Important Data: US GDP (QoQ) (Q4) today at 8:30 this time estimated 4.1%, previously which was 33.4%. US  Initial Jobless Claims today at 8:30 this time estimated 730K, previously which was 770K. JAPAN Tokyo Core CPI (YoY) (Mar) today at 19:30 this time estimated -0.2%, previously which was -0.3%. JAPAN CPI Tokyo Ex Food and Energy (MoM) (Mar) today at 19:30 previously which was 0.1%.

TECHNICAL SUMMARY

GBPUSD

GBPUSD Technical Analysis
GBPUSD Technical Analysis

TRADE SUGGESTION- SELL AT 1.36856, TAKE PROFIT AT 1.36500 AND STOP LOSS AT 1.37510

Read Full Report – Technical Analysis

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