DAILY FUNDAMENTAL SNAPSHOTS
Asia Pacific stocks were down on Tuesday morning, with a new COVID-19 strain threatening to trigger a fresh wave of lockdowns and travel restrictions dampening sentiment.TheShanghai composite isdown1.91% at3,355.113. Overall, the Singapore MSCI down0.40% at 319.90.Over in Hong Kong, the Hang Seng Index down1.21% to 26,025. In Japan, the Nikkei 225 down1.16% at 26,340, while the Topix index wasdown1.37% to 1759.5. South Korea’s Kospi down1.62% to 2733.68. Australia S&P/ASX 200 down1.05% to6599.6.
European equitiesMondayclosing. The DAX futures contract in Germany traded 2.82% down at 13246.20, CAC 40 futures down2.43% at5393.3and the UK 100 futures contract in the U.K.down1.73% at 6,416.3.
In U.S. on Wall Street, the Dow Jones Industrial Average closed up0.12% at 30216.5the S&P 500down0.39% to 3694.9and the Nasdaq 100down 0.28% at12667.3,NYSE closes at 14378.849down0.61%.
In the Forex market, #GBPUSD down0.43% at 1.33998. The #USDJPY up 0.15% at103.449.The #USDCHF up0.22% at 0.88744.#EURUSD down0.19% at 1.22175, #EUR/GBPup 0.33% at 0.91190. The USD/CNY up 0.06%at 6.5503, at the time of writing.
In the #commodity market U.S. #Gold futures down0.38% at $1,869.61. Elsewhere, Silver futures down1.51% to $25.741per ounce, Platinum down1.92% at $992.10per ounce, and Palladium down0.09% to $2,314.50.
#Crude Oil downonTuesday; #Brent crude oildown 2.16% to $49.72barrel while U.S. West Texas Intermediate (CLc1) isdown 0.61% at $47.63.
In the Cryptocurrency Markets, #BTCUSD at 23816.24up0.28%, #Ethereum at603.52 down0.70%, #Litecoin at 101.97 down2.34%, at the time of writing.
TOP STOCKS TO WATCH OUT TODAY:
#GOLDMAN SACHS up6.133%at $256.98,#MORGAN STANLEY up5.687% at$67.83,#NIKE Inc.up 4.91% to $144.02,#CITI GROUP Inc.up 3.674% to $61.23,#TESLA Inc.down6.495% to $649.86,#TECHNIP FMC PLC down3.481% at $9.15.
Economic news:
US:A majority of the Democratic-controlled U.S. House of Representatives on Monday voted to pass a $900 billion coronavirus aid bill, which is attached to federal agency spending needed to avert a government shutdown at midnight when existing money expires.
With the bill headed toward House passage, it would next be considered by the Senate, which is standing by in what is expected to be an overwhelming vote of approval.
Eurozone: The European Union has opened two investigations into Chinese exporters to assess whether steel screws are being sold in the bloc at excessively low prices and whether optical fibre cables are benefiting from unfair subsidies.
The EU increasingly sees China as a systemic rival and has 23 investigations underway into various products exported from the country, which makes up about half of the EU's total number of investigations into trade dumping or subsidies.
One of the new investigations is into alleged dumping of iron and steel screws, bolts and washers after a complaint from the European Industrial Fasteners Institute, the EU official journal said on Monday.
The Institute alleges that Chinese exporters have increased shipments, increased market share and harmed EU producers through their low prices.
Important Data:UKGDP (QoQ) (Q3)today at2:00 this time estimate to be 15.5%,previously which was -19.8%.USGDP (QoQ) (Q3)today at8:30 this time estimate to be33.1%, previously which was -31.4%.AUSTRALIAPrivate Sector Credit (MoM) (Nov)today at19:30, previously which was 0.0%.GERMANY GfK German Consumer Climate (Jan)today at 2:00previously which was
-6.7.
Asia Pacific stocks were down on Tuesday morning, with a new COVID-19 strain threatening to trigger a fresh wave of lockdowns and travel restrictions dampening sentiment.TheShanghai composite isdown1.91% at3,355.113. Overall, the Singapore MSCI down0.40% at 319.90.Over in Hong Kong, the Hang Seng Index down1.21% to 26,025. In Japan, the Nikkei 225 down1.16% at 26,340, while the Topix index wasdown1.37% to 1759.5. South Korea’s Kospi down1.62% to 2733.68. Australia S&P/ASX 200 down1.05% to6599.6.
European equitiesMondayclosing. The DAX futures contract in Germany traded 2.82% down at 13246.20, CAC 40 futures down2.43% at5393.3and the UK 100 futures contract in the U.K.down1.73% at 6,416.3.
In U.S. on Wall Street, the Dow Jones Industrial Average closed up0.12% at 30216.5the S&P 500down0.39% to 3694.9and the Nasdaq 100down 0.28% at12667.3,NYSE closes at 14378.849down0.61%.
In the Forex market, #GBPUSD down0.43% at 1.33998. The #USDJPY up 0.15% at103.449.The #USDCHF up0.22% at 0.88744.#EURUSD down0.19% at 1.22175, #EUR/GBPup 0.33% at 0.91190. The USD/CNY up 0.06%at 6.5503, at the time of writing.
In the #commodity market U.S. #Gold futures down0.38% at $1,869.61. Elsewhere, Silver futures down1.51% to $25.741per ounce, Platinum down1.92% at $992.10per ounce, and Palladium down0.09% to $2,314.50.
#Crude Oil downonTuesday; #Brent crude oildown 2.16% to $49.72barrel while U.S. West Texas Intermediate (CLc1) isdown 0.61% at $47.63.
In the Cryptocurrency Markets, #BTCUSD at 23816.24up0.28%, #Ethereum at603.52 down0.70%, #Litecoin at 101.97 down2.34%, at the time of writing.
TOP STOCKS TO WATCH OUT TODAY:
#GOLDMAN SACHS up6.133%at $256.98,#MORGAN STANLEY up5.687% at$67.83,#NIKE Inc.up 4.91% to $144.02,#CITI GROUP Inc.up 3.674% to $61.23,#TESLA Inc.down6.495% to $649.86,#TECHNIP FMC PLC down3.481% at $9.15.
Economic news:
US:A majority of the Democratic-controlled U.S. House of Representatives on Monday voted to pass a $900 billion coronavirus aid bill, which is attached to federal agency spending needed to avert a government shutdown at midnight when existing money expires.
With the bill headed toward House passage, it would next be considered by the Senate, which is standing by in what is expected to be an overwhelming vote of approval.
Eurozone: The European Union has opened two investigations into Chinese exporters to assess whether steel screws are being sold in the bloc at excessively low prices and whether optical fibre cables are benefiting from unfair subsidies.
The EU increasingly sees China as a systemic rival and has 23 investigations underway into various products exported from the country, which makes up about half of the EU's total number of investigations into trade dumping or subsidies.
One of the new investigations is into alleged dumping of iron and steel screws, bolts and washers after a complaint from the European Industrial Fasteners Institute, the EU official journal said on Monday.
The Institute alleges that Chinese exporters have increased shipments, increased market share and harmed EU producers through their low prices.
Important Data:UKGDP (QoQ) (Q3)today at2:00 this time estimate to be 15.5%,previously which was -19.8%.USGDP (QoQ) (Q3)today at8:30 this time estimate to be33.1%, previously which was -31.4%.AUSTRALIAPrivate Sector Credit (MoM) (Nov)today at19:30, previously which was 0.0%.GERMANY GfK German Consumer Climate (Jan)today at 2:00previously which was
-6.7.
European stocks higher despite concerns over new coronavirus strain - Finance News, Economic News, Market News, Stock Market News, Forex news
https://ticktawk.com/european-stocks-higher-despite-concerns-over-new-coronavirus-strain/
https://ticktawk.com/european-stocks-higher-despite-concerns-over-new-coronavirus-strain/
Finance News, Economic News, Market News, Stock Market News, Forex news
European stocks higher despite concerns over new coronavirus strain
LONDON — European shares were higher Tuesday morning, attempting to recover from a brutal sell-off in the previous session, as investors sentiment was shaken by a new coronavirus strain in the U.K.The pan-European Stoxx 600 traded 1.1% higher...
Gold eases as stronger dollar offsets US stimulus aid boost - Finance News, Economic News, Market News, Stock Market News, Forex news
https://ticktawk.com/gold-eases-as-stronger-dollar-offsets-us-stimulus-aid-boost/
https://ticktawk.com/gold-eases-as-stronger-dollar-offsets-us-stimulus-aid-boost/
Finance News, Economic News, Market News, Stock Market News, Forex news
Gold eases as stronger dollar offsets US stimulus aid boost
Gold prices fell on Tuesday, as support from the U.S. Congress passing a long-awaited near $900 billion coronavirus aid was countered by a stronger dollar, while some profit-taking also weighed on sentiment. Spot gold fell 0.3% to $1,870.69 per...
Bitcoin FOMO? Tesla and these four stocks crushed BTC's gains in 2020 - Finance News, Economic News, Market News, Stock Market News, Forex news
https://ticktawk.com/bitcoin-fomo-tesla-and-these-four-stocks-crushed-btcs-gains-in-2020/
https://ticktawk.com/bitcoin-fomo-tesla-and-these-four-stocks-crushed-btcs-gains-in-2020/
Finance News, Economic News, Market News, Stock Market News, Forex news
Bitcoin FOMO? Tesla and these four stocks crushed BTC’s gains in 2020
Bitcoin (BTC) has wowed investors with all-time highs and year-to-date returns of over 200% — but there are stocks that still beat it.As of Dec. 22, markets' data shows that no fewer than five companies’ stocks have given investors better...
TRADING IDEAS
#Google, #Facebook Agreed to Team Up on Antitrust Action
#Facebook Inc. and# Alphabet Inc.’s Google agreed to “cooperate and assist one another” if they ever faced an investigation into their pact to work together in online advertising, according to an unredacted version of a lawsuit filed by 10 states against Google last week.
The suit, as filed, cites internal company documents that were heavily redacted. The Wall Street Journal reviewed part of a recent draft version of the suit without redactions, which elaborated on findings and allegations in the court documents.
Ten Republican attorneys general, led by Texas, are alleging that the two companies cut a deal in September 2018 in which #Facebook agreed not to compete with Google’s online advertising tools in return for special treatment when it used them.
#Google used language from “Star Wars” as a code name for the deal, according to the lawsuit, which redacted the actual name. The draft version of the suit says it was known as “Jedi Blue.”
The lawsuit itself said #Google and #Facebook were aware that their agreement could trigger antitrust investigations and discussed how to deal with them, in a passage that is followed by significant redactions.
On technical fronts, #Facebook Inc. RSI stood at 45.57and currently stock is trading below all moving averages. So, a SELL position can be taken with the following target and stop-loss:
TRADE SIGNAL - :#Tesla (NASDAQ:TSLA) Inc. - SELL: 272.79, TARGET : 267.74, STOPLOSS : 278.81
On technical fronts, Alphabet Inc.’s #Google RSI stood at 46.8and currently stock is trading below 5 and 20 days MA and above 50 days MA. So, the BUY position can be taken with the following target and stop-loss:
TRADE SIGNAL - :#Alphabet Inc.’s Google- BUY: 1735.22, TARGET : 1748.91, STOPLOSS : 1700.00
#Google, #Facebook Agreed to Team Up on Antitrust Action
#Facebook Inc. and# Alphabet Inc.’s Google agreed to “cooperate and assist one another” if they ever faced an investigation into their pact to work together in online advertising, according to an unredacted version of a lawsuit filed by 10 states against Google last week.
The suit, as filed, cites internal company documents that were heavily redacted. The Wall Street Journal reviewed part of a recent draft version of the suit without redactions, which elaborated on findings and allegations in the court documents.
Ten Republican attorneys general, led by Texas, are alleging that the two companies cut a deal in September 2018 in which #Facebook agreed not to compete with Google’s online advertising tools in return for special treatment when it used them.
#Google used language from “Star Wars” as a code name for the deal, according to the lawsuit, which redacted the actual name. The draft version of the suit says it was known as “Jedi Blue.”
The lawsuit itself said #Google and #Facebook were aware that their agreement could trigger antitrust investigations and discussed how to deal with them, in a passage that is followed by significant redactions.
On technical fronts, #Facebook Inc. RSI stood at 45.57and currently stock is trading below all moving averages. So, a SELL position can be taken with the following target and stop-loss:
TRADE SIGNAL - :#Tesla (NASDAQ:TSLA) Inc. - SELL: 272.79, TARGET : 267.74, STOPLOSS : 278.81
On technical fronts, Alphabet Inc.’s #Google RSI stood at 46.8and currently stock is trading below 5 and 20 days MA and above 50 days MA. So, the BUY position can be taken with the following target and stop-loss:
TRADE SIGNAL - :#Alphabet Inc.’s Google- BUY: 1735.22, TARGET : 1748.91, STOPLOSS : 1700.00
MARKET OUTLOOK:-
#Walmart Launches Free Return Pickup Service Via FedEx; Street Is Bullish
#Walmart on Monday launched a new free return pickup service – Carrier Pickup by FedEx – in an effort to take the hassle out of holiday season gift returns.
By using the new service, Walmart’s customers will be able to schedule a return for products bought online. The service is available via the company’s website and its app.
Customers can select the pickup either from their home or they can choose the drop off at FedEx and then carry the package to any FedEx location. #Walmart’s Linne Fulcher said in a blog that the service would continue beyond the holiday season. Fulcher added, “The holidays are stressful enough. No matter how customers buy items we want the returns experience to be easy, safe, and seamless. We’re proud of the changes we’re making to take some of the stress – and those unwanted Christmas sweaters – off our customers’ backs.”
On Dec. 21, #RBC Capital analyst Scot Ciccarelli upgraded WMT stock to Buy from Hold and raised the price target to $170 (16.5% upside potential) from $153. Ciccarelli said that Walmart’s size, robust e-commerce channel, its ability to offer value to customers, and improving profitability in the US all support the bull call.
On the technical front# Walmart RSI stood at 43.945 the current price is trading Below the Moving Average 20 &50 . So, a Sell trade can be executed with following target and stop loss:
TRADE SIGNAL- Walmart– Sell : 146.20, TARGET:145.20, STOP LOSS:146.70.
#Walmart Launches Free Return Pickup Service Via FedEx; Street Is Bullish
#Walmart on Monday launched a new free return pickup service – Carrier Pickup by FedEx – in an effort to take the hassle out of holiday season gift returns.
By using the new service, Walmart’s customers will be able to schedule a return for products bought online. The service is available via the company’s website and its app.
Customers can select the pickup either from their home or they can choose the drop off at FedEx and then carry the package to any FedEx location. #Walmart’s Linne Fulcher said in a blog that the service would continue beyond the holiday season. Fulcher added, “The holidays are stressful enough. No matter how customers buy items we want the returns experience to be easy, safe, and seamless. We’re proud of the changes we’re making to take some of the stress – and those unwanted Christmas sweaters – off our customers’ backs.”
On Dec. 21, #RBC Capital analyst Scot Ciccarelli upgraded WMT stock to Buy from Hold and raised the price target to $170 (16.5% upside potential) from $153. Ciccarelli said that Walmart’s size, robust e-commerce channel, its ability to offer value to customers, and improving profitability in the US all support the bull call.
On the technical front# Walmart RSI stood at 43.945 the current price is trading Below the Moving Average 20 &50 . So, a Sell trade can be executed with following target and stop loss:
TRADE SIGNAL- Walmart– Sell : 146.20, TARGET:145.20, STOP LOSS:146.70.
Dollar pares gains ahead of North American trading - Finance News, Economic News, Market News, Stock Market News, Forex news
https://ticktawk.com/dollar-pares-gains-ahead-of-north-american-trading/
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Dollar pares gains ahead of North American trading
The greenback eases against the euro, franc, yen notably It is back to the drawing board for the dollar ahead of North American trading, with EUR/USD trading back up to 1.2250 from the lows of 1.2204 earlier.Of note, the pair has now moved back...
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-22nd-december-2020/
Google, Facebook Agreed to Team Up on Antitrust Action
Facebook Inc. and Alphabet Inc.’s Google agreed to “cooperate and assist one another” if they ever faced an investigation into their pact to work together in online advertising, according to an unredacted version of a lawsuit filed by 10 states against Google last week. https://www.capitalstreetfx.com/en/google-facebook-agreed-to-team-up-on-antitrust-action/
Facebook Inc. and Alphabet Inc.’s Google agreed to “cooperate and assist one another” if they ever faced an investigation into their pact to work together in online advertising, according to an unredacted version of a lawsuit filed by 10 states against Google last week. https://www.capitalstreetfx.com/en/google-facebook-agreed-to-team-up-on-antitrust-action/
Capital Street FX
Google, Facebook Agreed to Team Up on Antitrust Action - Capital Street FX
Facebook Inc. and Alphabet Inc.’s Google agreed to “cooperate and assist one another” if they ever faced an investigation into their pact to work together in online advertising, according to an unredacted version of a lawsuit filed by 10 states against Google…
TOP 5 STOCKS TO WATCH OUT 22 DECEMBER 2020
AIRBUS SE-Aircraft manufacturer Airbus SE said it stands to lose more than $5 billion worth of aircraft orders if AirAsia X Bhd’s (AAX) debt restructuring scheme goes through, court documents showed, joining a dozen creditors that have challenged the Malaysian low-budget carrier’s plan. https://www.capitalstreetfx.com/en/top-5-stocks-to-watch-out-22-december-2020/
AIRBUS SE-Aircraft manufacturer Airbus SE said it stands to lose more than $5 billion worth of aircraft orders if AirAsia X Bhd’s (AAX) debt restructuring scheme goes through, court documents showed, joining a dozen creditors that have challenged the Malaysian low-budget carrier’s plan. https://www.capitalstreetfx.com/en/top-5-stocks-to-watch-out-22-december-2020/
Capital Street FX
TOP 5 STOCKS TO WATCH OUT 22 DECEMBER 2020 - Capital Street FX
AIRBUS SE-Aircraft manufacturer Airbus SE said it stands to lose more than $5 billion worth of aircraft orders if AirAsia X Bhd’s (AAX) debt restructuring scheme goes through, court documents showed, joining a dozen creditors that have challenged the Malaysian…
GBPUSD moves to a new session low - Finance News, Economic News, Market News, Stock Market News, Forex news
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GBPUSD moves to a new session low
Brexit negotiations are still be held up by fisheriesThe GBPUSD is moving to a new session lows. Recent comments from an EU diplomats suggest that negotiations are still ongoing regarding fisheries. There are...
European Stocks Down Over “Worrying” B.1.1.7 strain
European stocks were down on Tuesday morning, with a new COVID-19 strain threatening to trigger a fresh wave of lockdowns and travel restrictions dampening sentiment. https://www.capitalstreetfx.com/en/european-stocks-down-over-worrying-b-1-1-7-strain/
European stocks were down on Tuesday morning, with a new COVID-19 strain threatening to trigger a fresh wave of lockdowns and travel restrictions dampening sentiment. https://www.capitalstreetfx.com/en/european-stocks-down-over-worrying-b-1-1-7-strain/
Capital Street FX
European Stocks Down Over “Worrying” B.1.1.7 strain - Capital Street FX
European stocks were down on Tuesday morning, with a new COVID-19 strain threatening to trigger a fresh wave of lockdowns and travel restrictions dampening sentiment. The discovery of a new strain of the COVID-19 virus, also referred to as the B.1.1.7 strain…
Asian stocks slip as new COVID-19 strain darkens recovery prospects
Asian shares slipped on Tuesday, extending a pullback from multi-year highs hit last week on renewed fears a highly infectious new strain of COVID-19 that shut down much of Britain could lead to a slower global economic recovery. https://www.capitalstreetfx.com/en/asian-stocks-slip-as-new-covid-19-strain-darkens-recovery-prospects/
Asian shares slipped on Tuesday, extending a pullback from multi-year highs hit last week on renewed fears a highly infectious new strain of COVID-19 that shut down much of Britain could lead to a slower global economic recovery. https://www.capitalstreetfx.com/en/asian-stocks-slip-as-new-covid-19-strain-darkens-recovery-prospects/
Capital Street FX
Asian stocks slip as new COVID-19 strain darkens recovery prospects - Capital Street FX
Asian shares slipped on Tuesday, extending a pullback from multi-year highs hit last week on renewed fears a highly infectious new strain of COVID-19 that shut down much of Britain could lead to a slower global economic recovery. Australian S&P/ASX200 widened…
Ethereum vs. Bitcoin: Do or die as Ether price drops to a critical level against BTC - Finance News, Economic News, Market News, Stock Market News, Forex news
https://ticktawk.com/ethereum-vs-bitcoin-do-or-die-as-ether-price-drops-to-a-critical-level-against-btc/
https://ticktawk.com/ethereum-vs-bitcoin-do-or-die-as-ether-price-drops-to-a-critical-level-against-btc/
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Ethereum vs. Bitcoin: Do or die as Ether price drops to a critical level against BTC
It's been all about Bitcoin (BTC) in recent months with altcoins suffering as a result and BTC dominance reaching a new local high of 67.5% over the past few days.However, a reversal typically occurs once altcoins start to show such major...
Walmart Launches Free Return Pickup Service Via FedEx; Street Is Bullish
Walmart on Monday launched a new free return pickup service – Carrier Pickup by FedEx – in an effort to take the hassle out of holiday season gift returns. https://www.capitalstreetfx.com/en/walmart-launches-free-return-pickup-service-via-fedex-street-is-bullish/
Walmart on Monday launched a new free return pickup service – Carrier Pickup by FedEx – in an effort to take the hassle out of holiday season gift returns. https://www.capitalstreetfx.com/en/walmart-launches-free-return-pickup-service-via-fedex-street-is-bullish/
Capital Street FX
Walmart Launches Free Return Pickup Service Via FedEx; Street Is Bullish - Capital Street FX
Walmart on Monday launched a new free return pickup service – Carrier Pickup by FedEx – in an effort to take the hassle out of holiday season gift returns. By using the new service, Walmart’s customers will be able to schedule a return for products bought…
Stock futures flat after Trump calls Covid stimulus bill unsuitable - Finance News, Economic News, Market News, Stock Market News, Forex news
https://ticktawk.com/stock-futures-flat-after-trump-calls-covid-stimulus-bill-unsuitable/
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Stock futures flat after Trump calls Covid stimulus bill unsuitable
U.S. stock futures stood little changed in overnight trading on Tuesday, largely recovering from earlier declines after President Donald Trump expressed concerns about the new Covid-19 relief package which could delay the deployment of funds to...