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TRADE SIGNAL AS ON 12-02-2021

#AUDCHF
SELL=0.6896
TARGET=0.6875
SL=0.6910

#SILVER
BUY=27.039
TARGET=27.274
SL=26.769

#EXXON MOBIL
SELL=49.83
TARGET=48.35
SL=50.29

#ETHEREUM
BUY=1756.40
TARGET=1825.12
SL=1687.64

#DAX 30
BUY=14020.6
TARGET=14070.1
SL=13963.2

TOP 5 STOCKS TO WATCHOUT:-


1.#TWITTER FACEBOOK -Australia will next week introduce landmark legislation to force Alphabet's Google and Facebook to pay publishers and broadcasters for content, a senior government official said on Friday.
The legislation, which Google says will be "unworkable", will make Australia the first country to require Facebook and Google to pay for news content.
"The bill will now be considered by the parliament from the week commencing 15 February 2021," Treasurer Josh Frydenberg said in an emailed statement.
The legislation is being closely watched around the world.
With bipartisan support, it could come into law this month despite the misgivings of Google, which says the law will force it to withdraw its search function.
Software giant Microsoft Corp said it was confident its search product Bing could fill the gap in Australia if Google withdrew.
Lucinda Longcroft, director of government affairs and public Policy for Google in Australia and New Zealand, said the company had proposed amendments to a Senate enquiry but they were rejected.
Nevertheless, the company still hoped to discuss the law with members of parliament.
"We look forward to engaging with policymakers through the parliamentary process to address our concerns and achieve a code that works for everyone - publishers, digital platforms, and Australian businesses and users," Longcroft said in an emailed statement.
Facebook did not immediately respond to requests for comment when contacted by Reuters.
The U.S. search and social media giants have pressed Australia to soften the legislation, with senior executives from both companies holding talks with Prime Minister Scott Morrison and Frydenberg.
Google last week launched a platform in Australia offering news it has paid for, striking its own content deals with publishers in a drive to show the proposed legislation is unnecessary.
2.#TWITTER :Twitter Inc said on Thursday it suspended the account of conservative activist group Project Veritas for repeated violations of its private information policy, which prohibits sharing, or threatening to share others' private information without consent.
The social media company also temporarily locked the account of the group's founder, James O'Keefe, for violating the same policy, a Twitter spokeswoman said in a statement.
Project Veritas said in a public Telegram post that the Tweet that led to the suspension was a video of one of their journalists asking Facebook 's VP of integrity Guy Rosen a question about censorship.
"The reporter on the ground never revealed the location," the group said, adding that it was appealing the suspension as no privacy was violated.
Twitter said O'Keefe was required to delete the violative Tweet to regain access to his personal account. He posted a video on Twitter of him doing that.
3.#FORD:- Ford Motor Chief Executive Jim Farley on Thursday publicly encouraged South Korea's chemicals and electric vehicle (EV) battery maker LG Chem Ltd and SK Innovation Co Ltd to reach a settlement on LG's battery allegations that SK stole trade secrets.
The U.S. International Trade Commission (ITC) on Wednesday sided with LG Chem, but permitted SK to import components for domestic production of lithium ion batteries for Ford's EV F-150 program for four years, and for Volkswagen of America's electric vehicle line for two years.
"A voluntary settlement between these two suppliers is ultimately in the best interest of US manufacturers and workers," Farley wrote on Twitter.
4. #GOLDMAN SACHS:- Global financial firms including Goldman Sachs , BlackRock and Fidelity International are poised to add hundreds of staff in China this year as they look to take advantage of the opening up of its $40 trillion financial sector.
Beijing in the last one-and-a-half years stepped up the pace of liberalisation mainly as part of a trade deal with the United States, and allowed foreigners to fully own their local ventures in areas including investment banking and asset management.

After having won regulatory approval to raise holdings and dealt with the disruptions caused by the COVID-19 pandemic, Western firms are now reading plans to boost their onshore presence, representatives and headhunters said.
Foreign financial firms have long coveted a bigger presence in China, and their expansion comes against the backdrop of a revival in its economy, increased onshore deal activities, and a rapid pace of wealth creation.
Goldman is leading the charge of the Wall Street banks operating in China - the first to move towards taking full ownership of its securities business after it was fully opened up to foreigners last April.
It aims to hire 70 staff in China in 2021, a Goldman spokesman said, as it seeks to double headcount to 600 by 2024. The bank has about 400 staff now and the new hiring round will target investment bankers, brokers, analysts and technology staff.


5.#PAYPAL:-PayPal Holdings Inc is not likely to buy cryptocurrencies such as bitcoin, the payments processor's Chief Financial Officer John Rainey told CNBC on Thursday.
"We're not going to invest corporate cash, probably, in any sort of financial assets like that, but we want to capitalize on this growth opportunity that's in front of us" Rainey said in a CNBC interview.
PayPal said in October it will allow U.S. customers to hold bitcoin and other virtual coins in its online wallet, and shop using cryptocurrencies at merchants on its network.
Earlier this week, Mastercard said it was planning to offer support for some cryptocurrencies on its network this year. Asset manager BlackRock Inc and payments company Square Inc have also recently backed cryptocurrencies.
Rainey said PayPal wanted to invest its money in services the company is currently providing, such as buy now, pay later.
Buy now, pay later services have blossomed across retail websites during the COVID-19 pandemic, as more people turned to online shopping.

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Daily Market Report as on 12th February 2021

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https://www.capitalstreetfx.com/en/technical_analysis/technical-analysis-report-12-february-2021/

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Asian shares stuck in holiday lull, bitcoin powers higher

Mainland Chinese stocks were up by the early morning. The Shanghai Composite was up by 1.43% to 3,655.09. Hong Kong’s Hang Seng Index was up about 0.45% to 30,173.57.

Japan’s benchmark Nikkei average Nikkei 225 is trading down 0.14 per cent at 29,520.50 on Friday, while the broader TOPIX 100 rose 0.28 per cent to 1,257.85. South Korea’s Kospi was up by 0.52% to 3100.58.

TECHNICAL INDICATORS

https://www.capitalstreetfx.com/en/asian-shares-stuck-in-holiday-lull-bitcoin-powers-higher/

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TRADE SIGNAL AS ON 15-02-2021

#GBPJPY
BUY=146.002
TARGET=146.757
SL=145.156

#COFFEE
SELL=120.59
TARGET=119.84
SL=122.56

#CITI GROUP INC
BUY=63.70
TARGET=64.33
SL=62.05

#LITECOIN USD
SELL=197.53
TARGET=185.03
SL=209.51

#FTSE 100
BUY=6604.9
TARGET=6692.9
SL=6507.1

TOP 5 STOCKS TO WATCHOUT:-


1.#Volkswagen - Volkswagen said bad planning on the part of its suppliers has compounded a computer chip shortage blighting the global auto industry, claiming it gave ample notice that the coronavirus' hit to car production would be limited.
VW was in December the first carmaker to warn of a chip supply crunch that has hit global automakers, forcing them to cut or halt production as the semiconductor industry struggles to keep up with a recovery in the car sector.
The German company told its suppliers in April last year - when much of global car production was idled due to the coronavirus pandemic - that it expected a strong recovery in the second half of 2020, a VW executive, who declined to be named, told Reuters.
Volkswagen, the world's second-largest carmaker, says it was made aware of the chip shortage by one of its suppliers at the end of November, but that that warning came too late.
"We have communicated our demand early on. We have passed on our forecasts which have confirmed that demand," said the executive.
"If suppliers do not trust our numbers and consult their own forecasts, we should have been informed straight away. This has not happened."
As well as identifying potential weaknesses in the automotive supply chain, the question over who is responsible for the shortages could play a decisive role in any legal disputes down the line.
The current shortages are seen as stemming from a combination of factors, as auto manufacturers compete against the sprawling consumer electronics industry for chip supplies.
The executive said differing demand forecasts could explain the current problem, which has led VW to warn that chip supply will remain strained during the first half of 2021.
"This has caused a lot of trouble. If the supplier didn't have a chip problem in its own supply chain, we would get our control units," the executive said.

2. #TWITTER :The Bank of Italy said on Monday a set of experimental indicators it created from the content of millions of tweets accurately tracked consumer mood on price, offering scope for a powerful new monetary policy tool.
The effort comes as economists and policy-makers around the world increasingly turn to social media and other unconventional sources to measure consumer behaviour and as inflation continues to defy targets set by many leading central banks.
Researchers found their indicators, based on millions of tweets, not only tallied with final inflation read-outs and existing measures of price expectations by Italy's national statistics office, financial markets and other forecasters but were also in real-time and provided more granular detail.
"The results suggest that Twitter can be a new timely source for devising a method to elicit beliefs," the authors of the 107-page study said, adding they believed the Italy-focused research could be replicated elsewhere.
Twitter has roughly 200 million monthly active users worldwide and had around 10 million active users in Italy in 2019, the authors said.
The analysis started by collecting 11.1 million tweets posted in Italian between June 2013 and December 2019 containing at least one of a set of previously selected words related to inflation, prices and price dynamics.
"The rationale for focusing on pure raw tweets count is the intuitive notion that the more people talk about something, the larger is the probability it reflects their opinion and that their view can influence other people's expectations," it said.
Then the dataset was "cleaned" to remove advertisements or tweets that use the word inflation in an unrelated context.


3. #GOOGLE :- Google Ireland and Google France have agreed to pay a 1.1 million euros ($1.34 million) fine after a probe found that Google's hotel rankings could be misleading for consumers, France's finance ministry and fraud watchdog said on Monday.
The ministry and watchdog also said in a statement that Google has amended its hotel rankings practices since September 2019.

4.#SOFT BANK:- SoftBank Group Corp shares closed at a record high on Tuesday, surpassing a peak reached at the height of the dot-com bubble, as online backers celebrated the recovery in the value of the firm's tech portfolio.
Shares in SoftBank, a heavily weighted component of the Nikkei 225 Index which is trading at 30-year highs, closed up 4% at 10,420 yen, above the record 10,111 yen reached in February 2000.
Underpinned by buybacks and with retail investors buying its shares and baseball-themed junk bonds, SoftBank's shares have been supported by a growing number of portfolio companies listing in ebullient markets.
The Japanese conglomerate's comeback, during which its shares have climbed almost 300% from lows hit last March as the COVID-19 pandemic roiled its portfolio, have led to celebration among its online backers.
"Roses are red, violets are blue, SoftBank haters, don't know what to do," wrote one prominent supporter on Twitter recently posting under the name "Masa Capital".
"SoftBank will reach 11,000 yen by April," wrote another on Tuesday. The group's shares hit an intraday high of 11,000 yen in February 2000 before crashing.
Chief Executive Masayoshi Son's own social media posts are centred on aphorisms, favouring quarterly presentations over Twitter to transmit his message, in contrast to the memes that have made Tesla CEO Elon Musk a retail investor favourite.
5.#Hyundai:-An electric bus manufactured by Hyundai Motor Co caught fire on Monday while in use in South Korea, a fire official said on Tuesday, months after similar fires in electric cars led to a recall to inspect batteries.
No one was injured in the incident, which occurred as the empty bus was returning to the garage after an inspection, an official at the Fire Service Headquarters in the southeastern city of Changwon said.
The maker of the batteries in the bus has not been identified, the fire official said, but local media reports said the Elec City bus was powered by LG Chem's wholly owned battery division LG Energy Solutions batteries.
"Officials from Hyundai Motor, the transport ministry, Korea Automobile Testing & Research Institute, National Fire Research Institute and Changwon Fire Service Headquarters are expected to have a meeting on Tuesday to discuss inspection," the fire official told Reuters.
Neither Hyundai Motor nor LG Energy Solution had an immediate comment.
In October, Hyundai recalled 25,564 Kona electric vehicles (EV) in South Korea over the risk of a short circuit possibly caused by faulty manufacturing of its high-voltage battery cells.
After a fire in a Kona EV that had been recalled and received a software update, South Korean authorities have launched a probe into the adequacy of the voluntary recall, under which only some vehicles get batteries replaced.

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TRADE SIGNAL AS ON 17-02-2021

#USDMXN
BUY=20.175
TARGET=20.2545
SL=20.110

#BRENT CRUDE OIL
BUY=63.47
TARGET=65.85
SL=60.11

#ALIBABA GROUP HOLDING Ltd.
BUY=270.76
TARGET=279.16
SL=265.76

#ETHEREUM
SELL=1749.30
TARGET=1686.91
SL=1834.89

#NASDAQ 100
SELL=13759.99
TARGET=13633.59
SL=13898.74

TOP 5 STOCKS TO WATCHOUT:-


1.#BYTE DANCE - ByteDance is not in preliminary discussions about listing video app TikTok on the New York Stock Exchange (NYSE), a person familiar with the matter said, following a Chinese media report that talks were underway.
The Global Times, published by China's ruling Communist Party's official People's Daily newspaper, said earlier on its Twitter account that ByteDance was in preliminary talks about a NYSE listing. Shortly after, it tweeted that ByteDance had denied the report.
No such talks were being held, said the source, who declined to be named as they were not authorised to speak publicly on the matter.
ByteDance, which owns the video app, did not immediately respond to a Reuters request for comment about the matter.
Under pressure from the Trump administration, ByteDance has been in talks for months to finalize a deal to shift TikTok's American assets into a new entity to address U.S. security concerns. Those talks have continued since Biden took office in January, sources have said.
The White House has said it has an ongoing review of potential risks posed by TikTok on U.S. data. The U.S. Justice Department asked two federal appeals courts earlier this month to put on hold government appeals on lower courts' rulings blocking restrictions the Trump administration sought against the app.



2. #TWITTER :Japan's recently appointed vaccine tsar, Taro Kono, is having a breakout moment.
Twitter-savvy and educated at Georgetown University in Washington, Kono has seen his popularity surge even as the government of his boss, Prime Minister Yoshihide Suga, has been battered by criticism over its handling of the COVID-19 pandemic.
Two recent opinion polls have favoured Kono, who is also the minister for administrative reform, to be the next prime minister. As Japan launches its much awaited COVID-19 vaccination campaign, his role as the logistics head of the programme has thrust him even more firmly into the spotlight.
Part of Kono's attraction, in a nation known for wooden, script-following leaders, is his ability to engage directly with voters through social media, a sharp contrast to Suga, who has been criticised for seeming stiff and aloof from voters.
In recent weeks, Kono, 58, has used Twitter to publish videos on vaccine safety, repost memes and address media reports. He frequently responds directly to followers - 2.2 million on his Japanese account and 50,000 for his English one.
Last week he posted about conferences with governors over the coronavirus, and a black mask embroidered with a dinosaur skull he had worn the previous day.
But for all his appeal to voters and a resume that includes foreign and defence minister, some in the ruling Liberal Democratic Party (LDP), which he would lead as premier, are wary.
Given the LDP's majority in parliament, its leader is virtually guaranteed the premiership. Only two LDP presidents have failed to be premier during brief spells when the party was out of power - including Kono's father, Yohei.
Some say his father's being denied the top job may have helped feed the son's ambition for the post.