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.
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%.
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%.
#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 .
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.
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.
Euro Rises to One-Week High Despite ECB Stoking Double-Dip Recession Fears
The euro rose to a one-week high against the greenback even as European Central Bank President Christine Lagarde stoked fears the eurozone is set for a double-dip recession as the pandemic ravages economies across the bloc.
#EUR/USD rose 0.47% to $1.2161.
The ECB left its rates unchanged and maintained its current pace of bond buying on Thursday. But Lagarde suggested that the prolonged coronavirus restrictions across the bloc had likely caused eurozone growth to fall again in the final quarter of 2020.
"Risks surrounding the euro-area growth outlook remain tilted to the downside, but less pronounced,” Lagarde said. Still, there was reason for optimism as the roll out of vaccines, which started in late December, "allows for greater confidence in the resolution of the health crisis," she added.
The European Central Bank also signaled it may not need the full extent of its emergency purchase program to support the recovery. Though added that the program could be increased to ensure the euro area economy remains well financed. "If favourable financing conditions can be maintained with purchase flows that do not exhaust the envelope over the net purchase horizon of the PEPP, the envelope need not be used in full," according to the monetary policy statement.
Lagarde, however, did not elaborate on how it would assess whether financing conditions were favorable, saying that the central bank would adopt a "holistic approach."
Some analysts, however, believe the central bank will primarily focus on curbing rising sovereign bond yield in countries across the bloc with high levels of debt like Italy.
The pan-European Stoxx 50 climbed down by 0.16% to 3,618.04 . In the cash markets, the #DAX futures Germany was trading 0.11% down at 13,906.67. #CAC 40 futures in France climbed down by 0.67% to 5590.79, while the #FTSE 100 futures in the U.K. fell by 0.37% to 6,715.42 ,at the time of writing.
TECHNICAL INDICATORS
#EURO STOXX 50:-
Indicator RSI MA (5) MA(20) MA (50) Bollinger
(U,M,L) Stochastic
Reading 58.302 3608.01 3594.25 3537.61 U=3658.1078
M=3594.2500
L=3530.3922
%k=70.3604
%d=66.0461
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 Below the trading price.RSI suggests the market may move in an Upward trend.
The euro rose to a one-week high against the greenback even as European Central Bank President Christine Lagarde stoked fears the eurozone is set for a double-dip recession as the pandemic ravages economies across the bloc.
#EUR/USD rose 0.47% to $1.2161.
The ECB left its rates unchanged and maintained its current pace of bond buying on Thursday. But Lagarde suggested that the prolonged coronavirus restrictions across the bloc had likely caused eurozone growth to fall again in the final quarter of 2020.
"Risks surrounding the euro-area growth outlook remain tilted to the downside, but less pronounced,” Lagarde said. Still, there was reason for optimism as the roll out of vaccines, which started in late December, "allows for greater confidence in the resolution of the health crisis," she added.
The European Central Bank also signaled it may not need the full extent of its emergency purchase program to support the recovery. Though added that the program could be increased to ensure the euro area economy remains well financed. "If favourable financing conditions can be maintained with purchase flows that do not exhaust the envelope over the net purchase horizon of the PEPP, the envelope need not be used in full," according to the monetary policy statement.
Lagarde, however, did not elaborate on how it would assess whether financing conditions were favorable, saying that the central bank would adopt a "holistic approach."
Some analysts, however, believe the central bank will primarily focus on curbing rising sovereign bond yield in countries across the bloc with high levels of debt like Italy.
The pan-European Stoxx 50 climbed down by 0.16% to 3,618.04 . In the cash markets, the #DAX futures Germany was trading 0.11% down at 13,906.67. #CAC 40 futures in France climbed down by 0.67% to 5590.79, while the #FTSE 100 futures in the U.K. fell by 0.37% to 6,715.42 ,at the time of writing.
TECHNICAL INDICATORS
#EURO STOXX 50:-
Indicator RSI MA (5) MA(20) MA (50) Bollinger
(U,M,L) Stochastic
Reading 58.302 3608.01 3594.25 3537.61 U=3658.1078
M=3594.2500
L=3530.3922
%k=70.3604
%d=66.0461
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 Below the trading price.RSI suggests the market may move in an Upward trend.
We Provide over 15 Trade signals for free to enhance Your Trading strategy so you can cash in potential market moves. Invite your friends to the group to take advantage of it. TRADE SIGNAL 2021-04-16
#EUR/USD
BUY = 1.1960
TARGET= 1.1990
SL= 1.1945
#GOLD
BUY = 1760.20
TARGET= 1810.20
SL= 11735.20
#APPLE
BUY= 740.50
TARGET= 800.50
SL= 710.50
#BITCOIN USD
BUY = 61,370
TARGET= 63,370
SL= 60,370
#EUR/USD
BUY = 1.1960
TARGET= 1.1990
SL= 1.1945
#GOLD
BUY = 1760.20
TARGET= 1810.20
SL= 11735.20
#APPLE
BUY= 740.50
TARGET= 800.50
SL= 710.50
#BITCOIN USD
BUY = 61,370
TARGET= 63,370
SL= 60,370
We Provide over 15 Trade signals for free to enhance Your Trading strategy so you can cash in potential market moves. Invite your friends to the group to take advantage of it.
TRADE SIGNAL 2021-04-22
#EUR/USD
BUY = 1.2020
TARGET= 1.2060
SL= 1.3900
#SILVER
BUY = 26.620
TARGET= 26.720
SL= 26.570
#AMAZON.COM
BUY= 3,360.60
TARGET= 3,460.60
SL= 3,310.60
B#BITCOIN USD
SELL = 54,300.50
TARGET= 52,300.50
SL= 55,300.50
TRADE SIGNAL 2021-04-22
#EUR/USD
BUY = 1.2020
TARGET= 1.2060
SL= 1.3900
#SILVER
BUY = 26.620
TARGET= 26.720
SL= 26.570
#AMAZON.COM
BUY= 3,360.60
TARGET= 3,460.60
SL= 3,310.60
B#BITCOIN USD
SELL = 54,300.50
TARGET= 52,300.50
SL= 55,300.50
We Provide over 15 Trade signals for free to enhance Your Trading strategy so you can cash in potential market moves. Invite your friends to the group to take advantage of it.
TRADE SIGNAL 2021-04-29
#EUR/USD
BUY = 1.2135
TARGET= 1.2185
SL= 1.2110
#CRUDE OIL WTI
BUY = 64.10
TARGET= 65.510
SL=63.60
#AMAZON.COM
SELL = 3,455.50
TARGET= 3,555.50
SL= 3,405.50
#ETHEREUM USD
SELL = 2,710.50
TARGET= 2,810.50
SL= 2,660.50
TRADE SIGNAL 2021-04-29
#EUR/USD
BUY = 1.2135
TARGET= 1.2185
SL= 1.2110
#CRUDE OIL WTI
BUY = 64.10
TARGET= 65.510
SL=63.60
#AMAZON.COM
SELL = 3,455.50
TARGET= 3,555.50
SL= 3,405.50
#ETHEREUM USD
SELL = 2,710.50
TARGET= 2,810.50
SL= 2,660.50
We Provide over 15 Trade signals for free to enhance Your Trading strategy so you can cash in potential market moves. Invite your friends to the group to take advantage of it.
TRADE SIGNAL 2021-05-03
#EUR/USD
BUY = 1.2020
TARGET= 1.2060
SL= 1.2000
#CRUDE OIL WTI
BUY = 63.30
TARGET= 64.30
SL=62.80
#TESLA
BUY = 705.40
TARGET= 805.40
SL= 655 .40
#ETHEREUM USD
BUY = 3,030.50
TARGET= 3,530.50
SL= 3,780.50
TRADE SIGNAL 2021-05-03
#EUR/USD
BUY = 1.2020
TARGET= 1.2060
SL= 1.2000
#CRUDE OIL WTI
BUY = 63.30
TARGET= 64.30
SL=62.80
#TESLA
BUY = 705.40
TARGET= 805.40
SL= 655 .40
#ETHEREUM USD
BUY = 3,030.50
TARGET= 3,530.50
SL= 3,780.50
We Provide over 15 Trade signals for free to enhance Your Trading strategy so you can cash in potential market moves. Invite your friends to the group to take advantage of it.
TRADE SIGNAL 2021-05-06
#EUR/USD
SELL = 1.2000
TARGET= 1.1950
SL= 1.2025
#SILVER
BUY = 26.595
TARGET= 26.695
SL= 26.545
#TESLA
SELL = 670.90
TARGET= 620.40
SL= 695 .40
#BITCOIN USD
BUY = 56,680.50
TARGET= 57,680.50
SL= 56,180.50
TRADE SIGNAL 2021-05-06
#EUR/USD
SELL = 1.2000
TARGET= 1.1950
SL= 1.2025
#SILVER
BUY = 26.595
TARGET= 26.695
SL= 26.545
#TESLA
SELL = 670.90
TARGET= 620.40
SL= 695 .40
#BITCOIN USD
BUY = 56,680.50
TARGET= 57,680.50
SL= 56,180.50
We Provide over 15 Trade signals for free to enhance Your Trading strategy so you can cash in potential market moves. Invite your friends to the group to take advantage of it.
TRADE SIGNAL 2021-05-07
#EUR/USD
BUY = 1.2070
TARGET= 1.2110
SL= 1.2050
#GOLD
BUY = 1820.70
TARGET= 1860.70
SL= 1800.70
#APPLE
SELL = 130.90
TARGET= 100.40
SL= 145 .40
#ETHEREUMUSD
BUY = 3,390.50
TARGET= 3,590.50
SL= 3,290.50
TRADE SIGNAL 2021-05-07
#EUR/USD
BUY = 1.2070
TARGET= 1.2110
SL= 1.2050
#GOLD
BUY = 1820.70
TARGET= 1860.70
SL= 1800.70
#APPLE
SELL = 130.90
TARGET= 100.40
SL= 145 .40
#ETHEREUMUSD
BUY = 3,390.50
TARGET= 3,590.50
SL= 3,290.50
We Provide over 15 Trade signals for free to enhance Your Trading strategy so you can cash in potential market moves. Invite your friends to the group to take advantage of it.
TRADE SIGNAL 2021-05-10
#EUR/USD
BUY = 1.2152
TARGET= 1.2182
SL= 1.2137
#GOLD
BUY = 1830.70
TARGET= 1870.70
SL= 1810.70
#TESLA
SELL = 675.40
TARGET= 615.40
SL= 705.40
#ETHEREUM USD
BUY = 4,130.50
TARGET= 4,330.50
SL= 4,030.50
TRADE SIGNAL 2021-05-10
#EUR/USD
BUY = 1.2152
TARGET= 1.2182
SL= 1.2137
#GOLD
BUY = 1830.70
TARGET= 1870.70
SL= 1810.70
#TESLA
SELL = 675.40
TARGET= 615.40
SL= 705.40
#ETHEREUM USD
BUY = 4,130.50
TARGET= 4,330.50
SL= 4,030.50
We Provide over 15 Trade signals for free to enhance Your Trading strategy so you can cash in potential market moves. Invite your friends to the group to take advantage of it.
TRADE SIGNAL 2021-05-11
#EUR/USD
BUY = 1.2140
TARGET= 1.2180
SL= 1.2120
#GOLD
BUY = 1830.70
TARGET= 1870.70
SL= 1810.70
#APPLE
SELL = 125.40
TARGET= 105.40
SL= 135.40
#ETHEREUM USD
BUY = 3,870.50
TARGET= 3,970.50
SL= 3,820.50
TRADE SIGNAL 2021-05-11
#EUR/USD
BUY = 1.2140
TARGET= 1.2180
SL= 1.2120
#GOLD
BUY = 1830.70
TARGET= 1870.70
SL= 1810.70
#APPLE
SELL = 125.40
TARGET= 105.40
SL= 135.40
#ETHEREUM USD
BUY = 3,870.50
TARGET= 3,970.50
SL= 3,820.50
We Provide over 15 Trade signals for free to enhance Your Trading strategy so you can cash in potential market moves. Invite your friends to the group to take advantage of it.
TRADE SIGNAL 2021-05-12
#EUR/USD
BUY = 1.2120
TARGET= 1.2180
SL= 1.2090
#GOLD
BUY = 1830.70
TARGET= 1870.70
SL= 1810.70
#AMAZON.COM
SELL = 3,225.40
TARGET= 3,325.40
SL= 3,175.40
#ETHEREUM USD
BUY = 4,260.50
TARGET= 4,460.50
SL= 4,160.50
TRADE SIGNAL 2021-05-12
#EUR/USD
BUY = 1.2120
TARGET= 1.2180
SL= 1.2090
#GOLD
BUY = 1830.70
TARGET= 1870.70
SL= 1810.70
#AMAZON.COM
SELL = 3,225.40
TARGET= 3,325.40
SL= 3,175.40
#ETHEREUM USD
BUY = 4,260.50
TARGET= 4,460.50
SL= 4,160.50
We Provide over 15 Trade signals for free to enhance Your Trading strategy so you can cash in potential market moves. Invite your friends to the group to take advantage of it.
TRADE SIGNAL 2021-05-13
#EUR/USD
BUY = 1.2075
TARGET= 1.2125
SL= 1.2050
#GOLD
BUY = 1820.70
TARGET= 1870.70
SL= 1795.70
#AMAZON.COM
SELL = 3,150.40
TARGET= 3,050.40
SL= 3,200.40
#ETHEREUM USD
BUY = 3,940.50
TARGET= 4,140.50
SL= 3,840.50
TRADE SIGNAL 2021-05-13
#EUR/USD
BUY = 1.2075
TARGET= 1.2125
SL= 1.2050
#GOLD
BUY = 1820.70
TARGET= 1870.70
SL= 1795.70
#AMAZON.COM
SELL = 3,150.40
TARGET= 3,050.40
SL= 3,200.40
#ETHEREUM USD
BUY = 3,940.50
TARGET= 4,140.50
SL= 3,840.50
We Provide over 15 Trade signals for free to enhance Your Trading strategy so you can cash in potential market moves. Invite your friends to the group to take advantage of it.
TRADE SIGNAL AS ON 27-05-2021
#EUR/AUD
BUY=1.5743
TARGET=1.5757
SL=1.5735
#SILVER
SELL=27.699
TARGET=27.584
SL=27.896
#DELL Tech.
BUY=99.57
TARGET=100.60
SL=99.12
#BTCUSD
SELL=37945.62
TARGET=37475.16
SL=38485.72
#DOW JONES
SELL=34289
TARGET=34178
SL=34414
TRADE SIGNAL AS ON 27-05-2021
#EUR/AUD
BUY=1.5743
TARGET=1.5757
SL=1.5735
#SILVER
SELL=27.699
TARGET=27.584
SL=27.896
#DELL Tech.
BUY=99.57
TARGET=100.60
SL=99.12
#BTCUSD
SELL=37945.62
TARGET=37475.16
SL=38485.72
#DOW JONES
SELL=34289
TARGET=34178
SL=34414