DAILY FUNDAMENTAL SNAPSHOTS

Asian shares edged lower on Tuesday amid uncertainty about Senate runoffs in Georgia, which could have a big impact on incoming U.S. President Joe Biden's ability to pursue his preferred economic policies. Shanghai Composite is up 0.44% at3,517.968. Overall, Singapore MSCIdown0.24% at 325.80. Over in Hong Kong, the Hang Seng Index up0.09% to 27,511. In Japan, the Nikkei 225 down0.66% at 27,140, while the Topix index wasdown0.50% to 1788.5. South Korea’s Kospiup1.34% to 2984.72. Australia S&P/ASX 200 down0.03% to6681.9.

European equities Mondayclosing. The #DAX futures contract in Germany traded 0.06% up at 13726.74, #CAC40 futures up0.68% at5589.0and the UK 100 futures contract in the U.K.up1.72% at 6,571.9.

In U.S. on Wall Street, the Dow Jones Industrial Average closed down1.25% at 30223.9the #S&P500down1.48% to 3700.7and the Nasdaq 100up 0.03% at12704.4,#NYSE closes at 14376.703down1.02%.

In the Forex market, #GBPUSD up0.20% at 1.35920. The #USDJPY down 0.15% at102.957.The #USDCHF down0.05% at 0.88064.#EURUSD up0.21% at 1.22683, #EUR/GBPup0.08% at 0.90252. The #USD/CNY down 0.02%at 6.4587, at the time of writing.

In the commodity market U.S. Gold futures down 0.25% at $1,937.60. Elsewhere, Silver futures up0.10% to $27.230 per ounce, Platinum down0.27% at $1063.16per ounce, and Palladium down0.11% to $2,376.50.

#Crude Oil down on Tuesday;# Brent crude oildown0.06% to $50.72 barrel while U.S. West Texas Intermediate (CLc1) isdown1.23% at $48.88.

In the Cryptocurrency Markets, #BTCUSD at 30367.68 up5.10%, #Ethereum at993.74 down4.94%, #Litecoin at 177.75 up4.71%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY:

BOEING Inc.down 5.298%at $202.72,#AMERICAN EXPRESS Co.down2.374% at$118.04,#ADOBE Inc. down2.955% to $485.34,#CSX CORP.down 3.041% to $87.99,#EBAY Inc. up 2.49% to $51.5,#GILEAD SCIENCES Inc. up 3.18% at $60.11.








#Economic news:

US:U.S. economic growth could surge later this year if most Americans are vaccinated against the coronavirus, but the gains would unlikely be enough for the Federal Reserve to withdraw its support, Cleveland Fed President Loretta Mester said on Monday.

The economy is likely to struggle in the near term after a rise in coronavirus infections led to more restrictions, both voluntary and mandated, Mester said.

While the "medium" term outlook was more promising, with vaccines likely to help people feel safer doing certain activities, she expects the economy to remain far from the Fed's inflation and full employment goals.

#Eurozone: The European Commission said on Tuesday that new U.S. tariffs on EU products disrupted ongoing negotiations with Washington to resolve a 16-year battle over aircraft subsidies and it hoped to find a swift solution with the next U.S. president, Joe Biden.

Important Data:USISM Manufacturing PMI (Dec)today at10:00 this time estimate to be 56.6,previously which was 57.5.US API Weekly Crude Oil Stocktoday at16:30previously which was -4.785M.JAPAN Services PMI (Dec)today at19:30this time estimate to be 47.2, previously which was 47.8.JAPAN 10-Year JGB Auctiontoday at 22:35previously which was 0.019%.

UK announces further support for businesses to cushion blow from virus crisis - Finance News, Economic News, Market News, Stock Market News, Forex news
https://ticktawk.com/uk-announces-further-support-for-businesses-to-cushion-blow-from-virus-crisis/

Eurozone November M3 money supply +11.0% vs +10.6% y/y expected - Finance News, Economic News, Market News, Stock Market News, Forex news
https://ticktawk.com/eurozone-november-m3-money-supply-11-0-vs-10-6-y-y-expected/

European equities slightly lower at the open - Finance News, Economic News, Market News, Stock Market News, Forex news
https://ticktawk.com/european-equities-slightly-lower-at-the-open/

The report presents a summary of all upcoming and recent fundamental events as well as technical analysis for the major markets. https://www.capitalstreetfx.com/en/technical_analysis/technical-analysis-report-05-january-2021/

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Saudi Arabia and its allies restore diplomatic ties with Qatar after three-year rift - Finance News, Economic News, Market News, Stock Market News, Forex news
https://ticktawk.com/saudi-arabia-and-its-allies-restore-diplomatic-ties-with-qatar-after-three-year-rift/

Nikkei 225 closes lower by 0.38% at 27,055.94 - Finance News, Economic News, Market News, Stock Market News, Forex news
https://ticktawk.com/nikkei-225-closes-lower-by-0-38-at-27055-94/

Asian Stocks Down as Vote Counting Starts for Georgia Election

Asia Pacific stocks were mostly down on Wednesday morning, with vote counting for a U.S. Senate runoff election in the state of Georgia currently underway.

Tensions between the #U.S. and #China are up, with U.S. President Donald Trump also signing an order banning U.S. transactions with eight digital Chinese payment platforms, including Ant Group’s Alipay.
Investors are also focused on whether the #New York Stock exchange will delist #China Mobile Ltd , China Telecom Corp Ltd and China Unicom Hong Kong Ltd on security grounds. Although the bourse reversed its decision to delist the trio on Tuesday, it could reportedly restart delisting plans.
#Hong Kong’s Hang Seng Index fell 0.50%. Over 50 activists and politicians were taken into custody earlier in the day on suspicion of violating the city’s national security law. The group included former opposition politicians Alvin Yeung, James To, Andrew Wan and Lam Cheuk-ting, as well as academic and activist Benny Tai.
The charges stem from an informal primary in July 2020 to choose candidates for the legislative election due to have taken place in September and which was subsequently postponed.
Japan’s #Nikkei 225 was down 0.38% and South Korea’s KOSPI inched down 0.08%. In Australia, the #ASX 200 slid 1.09%.

Mainland Chinese stocks were up by the early morning. The Shanghai Composite was up by 0.28 % to 3,538.90. Hong Kong’s Hang Seng Index was down about 0.11% to 27,625.50.

Japan's benchmark Nikkei average. Nikkei 225 is trading down 0.38 percent at 27,056. on Wednesday, while the broader TOPIX 100 rose 0.43 percent to 1,169.23. South Korea’s Kospi was up by 0.01% to 2990.01.





#KOSPI


Indicator RSI MA (5) MA(20) MA (50) Bollinger
(U,M,L) Stochastic
Reading 82.963 2923.88 2802.94 2619.96 U=2962.9212
M=2802.7205
L=2642.5198 %K=86.7666
%D=95.2863
Comment Over-Brought Zone zone Price Below the moving average Price Above the moving average Price Above the moving average Price is Above UB
Price is Above MB
Price is above LB Crossover to the Downside
Trend Over - Brought Bullish Bullish Bullish Bullish Bearish
Special
Notes The market is expected to move into Positive Territory. All the Moving Averages are below the price. The RSI suggests the market move on the Positive side.

European And Global Stocks fall as investors brace for possible 'blue sweep' in Georgia



Global stock prices slipped and bond yields rose on Wednesday as investors braced for the prospect that Democrats could win both races in a U.S. Senate run-off election in Georgia, handing them control of the chamber.
Along with their narrow majority in the House of Representatives, a "blue sweep" of Congress could usher in larger fiscal stimulus and pave the way for President-elect Joe Biden to push through greater corporate regulation and higher taxes.
While the races were too close to call, with 98% of votes tallied, Democrat Raphael Warnock held a slight lead over incumbent Kelly Loeffler while Democratic challenger Jon Ossoff trailed Republican David Perdue by just 3,600 votes.
"With Biden proposing to reverse President Donald Trump's tax cut, increase the minimum wage, and strengthen oversight on various industries, some might argue that his agenda is not particularly market-friendly," said Vasu Menon, investment strategy executive director at #OCBC Bank in Singapore.

The pan-European Stox 50 climbed down by 0.48% to 3,547.15. In the cash markets, the #DAX futures Germany was trading 0.55% lower at 13,651.15. #CAC 40 futures in France climbed down by 0.44% to 5,564.60, while the #FTSE 100 futures in the U.K. rose by 0.61% to 6612.25,at the time of writing.

FTSE 100
Indicator RSI MA (5) MA(20) MA (50) Bollinger
(U,M,L) Stochastic
Reading 60.191 6560.62 6537.10 6297.53 U=6636.7675
M=6537.1000
L=6437.4324 %k=82.1873
%d=64.4623
Comment Buying zone Price Above the moving average Price Above the moving average Price Above the moving average Price is Below UB
Price is Above MB
Price is above LB Crossover to the Upside
Trend Bullish Bullish Bullish Bullish Bullish Bullish
Special
Notes The market is expected to move in the Positive Territory.All the Moving Averages are Above the trading price.RSI suggests the market may move in a Upward trend.

TOP 5 STOCKS TO WATCHOUT:-


1.#Facebook:- Facebook Inc chief of advertising integrity, who handled the company's ad products around sensitive subjects such as politics and coronavirus misinformation, departed this week, according to an internal company post viewed by Reuters on Friday.
Rob Leathern, director of product management, said earlier this month on Facebook's internal network that he would be leaving the company on Dec. 30. His exit had not been previously reported.
Facebook could not immediately be reached for comment.
Leathern said in the post that he was "leaving Facebook to work on consumer privacy beyond just ads and social media," without disclosing where he was headed.
Leathern was often the public face of the company's controversial political advertising policies. Prior to the Nov. 3 U.S. election, Facebook was heavily criticized for allowing misleading claims and conspiracy theories to spread widely on its platforms.


2. #Sony :-Sony Corp said on Friday its PlayStation 5 (PS5) console will be launched in India in coming weeks as it tries to capitalise on the pandemic-driven boom in gaming.
"We are happy to announce that PS5 shall be launched in India on 2nd of February 2021," the Japanese firm tweeted from its PlayStation India Twitter handle.
Preorders for PS5 will begin on Jan 12 and will be available for orders at major retailers, including Amazon and Flipkart, the tech firm said.
Microsoft Corp launched two models of its Xbox gaming console in November, seven years after the debut of the previous version, while Sony launched its PS5 in core markets two days later

3.#Tencent:-Tencent's online games were removed and then reinstated on Huawei's app store on Friday in a dispute over revenue sharing by the Chinese companies.
Huawei was insisting on a 50% cut of Tencent's game sales on the app store and the Tencent games were removed because the companies had been unable to agree a deal, a Tencent source said.
Tencent sells some of the top-ranked online games worldwide while Huawei has a 41.4% share of the China mobile phone market and 14.9% of the global market, data from market researchers IDC and Canalys shows.
The games were reinstated on the app store after further negotiations, Tencent said, adding that "both sides will continue to work together to bring better experiences and services to consumers".


4. #AMAZON:-Amazon.com Inc said on Wednesday it would acquire podcast startup Wondery, aiming to beef up non-musical content on its Amazon Music app.
Earlier this month, the Wall Street Journal reported that the firms were in deal talks, pegging Wondery at a valuation of more than $300 million.
Amazon is relatiTechnology, which has been investing in big names in an effort to become the Netflix of audio content.


5.#LG:- Indonesia and a unit of South Korean firm LG Group have signed a memorandum of understanding (MOU) on a $9.8 billion electric vehicle (EV) battery investment deal, the head of Indonesia's Investment Coordinating Board said on Wednesday.
The deal was signed on Dec. 18 and includes investments across the EV supply chain.
An official at LG Energy Solution, a unit of LG Group, South Korea's fourth-largest conglomerate, confirmed it had agreed an MOU but could not provide details or the deal's value. LG Group in Seoul referred Reuters to its affiliate.

#EUR/USD
Indicator RSI MA (5) MA(20) MA (50) Bollinger
(U,M,L) Stochastic
Reading 69.059 1.2261 1.2215 1.2018 U=1.2330
M=1.2215
L=1.2100 %k=96.3051
%d=84.5290
Comment Buying zone Price Above the moving average Price Above the moving average Price Above the moving average Price is Below UB
Price is Above MB
Price is above LB Crossover to the Upside
Trend Bullish Bullish Bullish Bullish Bullish Bullish
Special
Notes The market is expected to move in the Positive Territory.All the Moving Averages are Above the trading price.RSI suggests the market may move in a Upward trend.
TRADE SUGGESTION- BUY AT 1.2330, TAKE PROFIT AT 1.2530 AND STOP LOSS AT 1.2130.


#FTSE 100
Indicator RSI MA (5) MA(20) MA (50) Bollinger
(U,M,L) Stochastic
Reading 60.191 6560.62 6537.10 6297.53 U=6636.7675
M=6537.1000
L=6437.4324 %k=82.1873
%d=64.4623
Comment Buying zone Price Above the moving average Price Above the moving average Price Above the moving average Price is Below UB
Price is Above MB
Price is above LB Crossover to the Upside
Trend Bullish Bullish Bullish Bullish Bullish Bullish
Special
Notes The market is expected to move in the Positive Territory.All the Moving Averages are Above the trading price.RSI suggests the market may move in a Upward trend.

TRADE SUGGESTION- BUY AT 6720, TAKE PROFIT AT 6920 AND STOP LOSS AT 6620.


#KOSPI


Indicator RSI MA (5) MA(20) MA (50) Bollinger
(U,M,L) Stochastic
Reading 82.963 2923.88 2802.94 2619.96 U=2962.9212
M=2802.7205
L=2642.5198 %K=86.7666
%D=95.2863
Comment Over-Brought Zone zone Price Below the moving average Price Above the moving average Price Above the moving average Price is Above UB
Price is Above MB
Price is above LB Crossover to the Downside
Trend Over - Brought Bullish Bullish Bullish Bullish Bearish
Special
Notes The market is expected to move into Positive Territory. All the Moving Averages are below the price. The RSI suggests the market move on the Positive side.


TRADE SUGGESTION- BUY AT 2960 , TAKE PROFIT AT 2990 AND STOP LOSS AT 2945 .

#GOLD
Indicator RSI MA (5) MA(20) MA (50) Bollinger
(U,M,L) Stochastic
Reading 72.735 1931.35 1883.66 1870.75 U=1954.9542
M=1883.6450
L=1812.5141 %k=96.3751
%d=97.4550
Comment Buying zone Price Above the moving average Price Above the moving average Price Above the moving average Price is Below UB
Price is Above MB
Price is above LB Crossover to the Upside
Trend Bullish Bullish Bullish Bullish Bullish Bearish
Special
Notes The market is expected to move in the Positive Territory.All the Moving Averages are Above the trading price.RSI suggests the market may move in a Upward trend.
TRADE SUGGESTION- BUY AT 1950 , TAKE PROFIT AT 1995 AND STOP LOSS AT 1935 .

FUNDAMENTAL SNAPSHOT

Mainland Chinese stocks were up by the early morning. The Shanghai Composite was up by 0.28 % to 3,538.90. Hong Kong’s Hang Seng Index was down about 0.11% to 27,625.50.

Japan's benchmark Nikkei average. #Nikkei 225 is trading down 0.38 percent at 27,056. on Wednesday, while the broader TOPIX 100 rose 0.43 percent to 1,169.23. #South Korea’s Kospi was up by 0.01% to 2990.01.

The pan-European Stoxx 50 climbed down by 0.48% to 3,547.15. In the cash markets, the DAX futures Germany was trading 0.55% lower at 13,651.15. #CAC 40 futures in France climbed down by 0.44% to 5,564.60, while the #FTSE 100 futures in the U.K. rose by 0.61% to 6612.25,at the time of writing.


In the U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.55% at 30391.9 the S&P 500 up 0.71% to 3726.86 and the Nasdaq 100 up 0.85% at 12802.38.
In the Forex market, #GBPUSD rose 0.17% at 1.3647. The #USDJPY was up 0.06% at 102.78. The #USDCHF was down 0.25% at 0.8760. #EURUSD up 0.42% at 1.2345, #EUR/GBP up 0.29% at 0.9050, at the time of writing.

In the #commodity market U.S. Gold futures fell 0.23% at $1,950.60. Elsewhere, Silver futures up 0.25% to $27.712 per ounce, Platinum up 0.08% at $1119.60 per ounce, and Palladium fell 0.68% to $2,475.25.
Crude Oil up on Monday; #Brent crude oil up 0.30% to $53.77 barrel while U.S. West Texas Intermediate (CLc1) fell 0.06% at $49.90.

In the #Cryptocurrency Markets, #BTCUSD at 34932.34 up 9.49%, #Ethereum at 1147.72 up 10.21%, #Litecoin at 163.008 up 6.73%, at the time of writing.

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BUY=127.058
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SELL= 125.84
TARGET=124.74
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BUY=27434
TARGET=27677
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Asian Stocks Up, Mostly Unperturbed by Chaos in Washington D.C.
Asia Pacific stocks were mostly up on Thursday morning, with a Democrat sweep in U.S. Senate runoff elections in Georgia seeming to override a tumultuous Wednesday in Washington D.C.
Japan’s Nikkei225 rose 1.84% by 9:51 PM ET (2:51 AM GMT). Japan is set to declare a fresh state of emergency for Tokyo and the neighboring Saitama, Kanagawa and Chiba prefectures later in the day. The state of emergency, which will take effect on Friday, is set to last until Feb. 7.
South Korea’s KOSPI jumped 2.20%.
In Australia, the #ASX 200 gained 1.76%. Prime Minister Scott Morrison said that the national cabinet will meet on Friday, a month ahead of schedule.
Hong Kong’s Hang Seng Index inched down 0.02%.
China’s Shanghai Composite edged up 0.17% while the Shenzhen Component was down 0.39%. Reports that the U.S. is considering adding #Alibaba Group Holding Ltd and #Tencent Holdings Ltd to a blacklist of Chinese companies allegedly owned or controlled by the Chinese military continue to ramp up tensions with China.

Mainland Chinese stocks were down by the early morning. The Shanghai Composite was down by 0.34 % to 3,538.49. Hong Kong’s #Hang Seng Index was down about 0.41% to 27,575.50.

Japan's benchmark Nikkei average. #Nikkei 225 is trading up 1.48 percent at 27,456. on Thursday, while the broader #TOPIX 100 rose 1.78 percent to 1,188.61. South Korea’s Kospi was up by 2.47% to 3041.14.





#KOSPI


Indicator RSI MA (5) MA(20) MA (50) Bollinger
(U,M,L) Stochastic
Reading 81.892 2963.64 2816.63 2633.47 U=3002.1024
M=2816.6350
L=2631.1676 %K=95.9469
%D=92.3282
Comment Over-Brought Zone zone Price Below the moving average Price Above the moving average Price Above the moving average Price is Above UB
Price is Above MB
Price is above LB Crossover to the Upside
Trend Over - Brought Bullish Bullish Bullish Bullish Bullish
Special
Notes The market is expected to move into Positive Territory. All the Moving Averages are below the price. The RSI suggests the market move on the Positive side.