Technical Analysis Report On 05 March 2021 | Top Stock To Buy | Economic News

 Asian stocks skidded to one-month lows on Friday. The Shanghai composite is up 0.03% at 3,504.12. Overall, the Singapore MSCI up 0.78% at 347.25. Over in Hong Kong, the Hang Seng Index down 0.21% to 29,012. In Japan, the Nikkei 225 down 1.17% at 28,640, while the Topix index is down 0.53% at 1881.0. South Korea’s Kospi down 0.28% to 3035.73. Australia S&P/ASX 200 down 0.74% at 6710.8.

European equities Thursday closing. The DAX futures contract in Germany traded 0.17% down at 14056.34, CAC 40 futures up 0.01% at 5830.7 and the UK 100 futures contract in the U.K. down 0.07% at 6,598.8.

In U.S. on Wall Street, the Dow Jones Industrial Average closed 1.11% down at 30924.1 the S&P 500 down 1.34% to 3768.5 and the Nasdaq 100 down 0.22% at 12462.1, NYSE closes at 14959.41 down 1.58%.

In the Forex market, GBPUSD down 0.05% at 1.38859. The USDJPY up 0.10% at 108.075. The USDCHF up 0.03% at 0.92887. EURUSD down 0.04% at 1.19584, EUR/GBP up 0.07% at 0.86119. The USD/CNY up 0.06% at 6.4730, at the time of writing.

In the commodity market U.S Gold futures down 0.08% at $1,696.00. Elsewhere, Silver futures down 0.45% to $25.219 per ounce, Platinum down 0.10% at $1126.81 per ounce, and Palladium up 0.28% to $2,346.50.

Crude Oil up on Friday; Brent crude oil up 0.63% to $67.40 barrel while U.S. West Texas Intermediate (CLc1) is up 3.34% at $64.08.

In the Cryptocurrency Markets, BTCUSD at 47144.58 down 2.51%, Ethereum at 1470.21 down 4.42%, Litecoin at 171.78 down 4.98%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY:

EXXON MOBIL Corp. up 3.875% at $58.71, WESTERN DIGITAL down 8.87% at $63.49, HP Inc. down 5.869% to $28.07, TWITTER Inc. down 5.8% to $66.75, FACEBOOK up 0.873% to $257.64, MODERNA Inc. up 0.823% at $132.3.

Economic news:

US: U.S. job growth likely accelerated in February as more services businesses reopened amid falling new COVID-19 cases, quickening vaccination rates and additional pandemic relief money from the government, putting the labor market recovery back on firmer footing and on course for further gains in the months ahead.

The Labour Department’s closely watched employment report on Friday will, however, also offer a reminder that as the United States enters the second year of the coronavirus pandemic the recovery remains excruciatingly slow, with millions of Americans experiencing long spells of joblessness and permanent unemployment.

Federal Reserve Chair Jerome Powell on Thursday offered an optimistic view of the labour market, but cautioned a return to full employment this year was “highly unlikely.”

“We will probably see more people having gone back on payrolls,” said Sung Won Sohn, a finance and economics professor at Loyola Marymount University in Los Angeles. “Many will be related to service jobs, but that will not mean a rapid increase in jobs. It’s a slow progress toward eventual full recovery.”

Eurozone: The United States agreed a four-month suspension of retaliatory tariffs imposed on British goods such as Scotch whisky over a long-running aircraft subsidy row, with both sides pledging to use the time to resolve the dispute.

The U.S. administration under former president Donald Trump had imposed tariffs on an array of European Union food, wine and spirits, including on Scotch whisky, which the industry says had put its future at risk. Britain is party to the dispute as a former member of the EU.

“The United Kingdom and the United States are undertaking a four-month tariff suspension to ease the burden on industry and take a bold, joint step towards resolving the longest running disputes at the World Trade Organization,” a joint statement said.

“This will allow time to focus on negotiating a balanced settlement to the disputes, and begin seriously addressing the challenges posed by new entrants to the civil aviation market from non-market economies, such as China.”

Important Data: US Nonfarm Payrolls (Feb) today at 8:30 this time estimated 182K, previously which was 49K. US Unemployment Rate (Feb) today at 8:30 this time estimated 6.3%, previously which was 6.3%. CANADA Trade Balance (Jan) today at 8:30 this time estimated -1.40B, previously which was -1.67B. US Federal Budget today at 14:00 previously which was -430B.

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