Daily Technical Analysis Report By Capital Street Fx

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Technical Analysis Report on 10 February 2020
Asian stocks hit a record high on Wednesday. The Shanghai composite is up 1.13% at 3,644.18. Overall, the Singapore MSCI up 0.09% at 334.10. Over in Hong Kong, the Hang Seng Index up 1.76% to 29,925. In Japan, the Nikkei 225 down 0.07% at 29,480, while the Topix index is down 0.08% at 1929.5. South Korea’s Kospi up 0.76% to 3108.54. Australia S&P/ASX 200 up 0.52% at 6856.9.
European equities Tuesday closing. The DAX futures contract in Germany traded 0.34% down at 14011.80, CAC 40 futures up 0.10% at 5691.5 and the UK 100 futures contract in the U.K. up 0.12% at 6,531.6.
In U.S. on Wall Street, the Dow Jones Industrial Average closed 0.03% down at 31375.8 the S&P 500 down 0.11% to 3911.2 and the Nasdaq 100 down 0.06% at 13687.1, NYSE closes at 15244.40 up 0.12%.
In the Forex market, GBPUSD up 0.04% at 1.38215. The USDJPY flat at 104.54. The USDCHF down 0.07% at 0.89158. EURUSD up 0.07% at 1.21258, EUR/GBP up 0.05% at 0.87727. The USD/CNY up 0.08% at 6.4394, at the time of writing.
In the commodity market U.S. Gold futures up 0.23% at $1,842.40. Elsewhere, Silver futures up 0.13% to $27.28 per ounce, Platinum up 2.68% at $1207.01 per ounce, and Palladium up 0.11% to $2,328.0.
Crude Oil mix on Wednesday; Brent crude oil down 0.11% to $61.11 barrel while U.S. West Texas Intermediate (CLc1) is up 1.45% at $57.57.
In the Cryptocurrency Markets, BTCUSD at 46458.78 down 0.05%, Ethereum at 1820.31 up 2.67%, Litecoin at 191.11 up 5.25%, at the time of writing.
TOP STOCKS TO WATCH OUT TODAY:
TWITTER Inc. up 2.869% at $59.87, FORD MOTOR Co. up 3.201% at $11.93, GARTNER Inc. up 4.286% to $183.72, MOSIAC Co. down 3.816% to $27.98, NETFLIX Inc. up 2.035% to $559.07, JD. Com Inc. down 2.644% at $97.07.
Economic news:
US: The top lawmaker on trade matters in the U.S. House of Representatives said on Tuesday that he will focus this year on enforcing U.S. trade agreements and working with the Biden administration to combat China’s use of forced labor in its western Xinjiang region.
House Ways and Means Committee Chairman Richard Neal, speaking on a webcast forum organized by the Washington International Trade Association, said he also was open to negotiating new trade agreements with Britain and the European Union.
The Massachusetts Democrat also said he would work closely with U.S. Trade Representative nominee Katherine Tai, who previously served as the Ways and Means Committee’s Democratic trade counsel, “to make sure that we aggressively enforce all the provisions” in the new U.S.-Mexico-Canada Agreement.
Eurozone: Britain has suffered “one or two teething issues” in exporting fish to the European Union after Brexit, the country’s environment minister said on Tuesday, in comments that are likely to anger fishermen struggling to trade.
Small fishing firms have largely failed to export their goods to Europe after the post-Brexit introduction of catch and health certificates, customs declarations and higher transport costs made trade too expensive and too slow for EU buyers.
Important Data: US Core CPI (MoM) (Jan) today at 8:30 this time estimated 0.2%, previously which was 0.1%. US Crude Oil Inventories today at 10:30 this time estimated 0.985M, previously which was -0.994M. AUSTRALIA Westpac Consumer Sentiment (Feb) today at 18:30 previously which was -4.5%. BRAZIL Retail Sales (MoM) (Dec) today at 7:00 previously which was at -0.1%.
TECHNICAL SUMMARY
GBPUSD

GBPUSD Technical Analysis

GBPUSD Technical Analysis

TRADE SUGGESTION- BUY AT 1.38150, TAKE PROFIT AT 1.38500 AND STOP LOSS AT 1.37569
EURUSD

EURUSD Technical Analysis

EURUSD Technical Analysis

TRADE SUGGESTION- BUY AT 1.21203, TAKE PROFIT AT 1.21539 AND STOP LOSS AT 1.21012
EURGBP

EURGBP Technical Analysis

EURGBP Technical Analysis

TRADE SUGGESTION- SELL AT 0.87721, TAKE PROFIT AT 0.87505 AND STOP LOSS AT 0.88031
AUDUSD

AUDUSD Technical Analysis

AUDUSD Technical Analysis

TRADE SUGGESTION- BUY AT 0.77382, TAKE PROFIT AT 0.77608 AND STOP LOSS AT 0.77240
S&P 500

S&P 500 Technical Analysis

S&P 500 Technical Analysis

TRADE SUGGESTION- BUY AT 3915.04 TAKE PROFIT AT 3930.00 AND STOP LOSS AT 3900.00
WTI CRUDE OIL

WTI CRUDE OIL Technical Analysis

WTI CRUDE OIL Technical Analysis

TRADE SUGGESTION- BUY AT 58.13 TAKE PROFIT AT 58.47 AND STOP LOSS AT 58.07
GOLD

GOLD Technical Analysis

GOLD Technical Analysis

TRADE SUGGESTION- BUY AT 1841.95, TAKE PROFIT AT 1847.26 AND STOP AT 1837.42
LITECOIN USD

LITECOIN USD Technical Analysis

LITECOIN USD Technical Analysis

TRADE SUGGESTION- BUY AT 191.74 TAKE PROFIT AT 196.40 AND STOP AT 186.18
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Technical Analysis Report on 18 February 2021

Asia Pacific stocks were mixed on Thursday morning, with Chinese stocks headed towards record highs. The Shanghai composite is up 0.42% at 3,670.57. Overall, the Singapore MSCI down 0.61% at 332.50. Over in Hong Kong, the Hang Seng Index down 1.27% to 30,582. In Japan, the Nikkei 225 down 0.53% at 30,240, while the Topix index is down 1.52% at 1941.5. South Korea’s Kospi down 1.17% to 3097.03. Australia S&P/ASX 200 up 0.01% at 6885.9.

European equities Wednesday closing. The DAX futures contract in Germany traded 1.1% down at 13909.27, CAC 40 futures down 0.36% at 5765.8 and the UK 100 futures contract in the U.K. down 0.56% at 6,710.9.

In U.S. on Wall Street, the Dow Jones Industrial Average closed 0.29% up at 31613.0 the S&P 500 down 0.03% to 3931.3 and the Nasdaq 100 down 0.54% at 13699.7, NYSE closes at 15402.58 down 0.13%.

In the Forex market, GBPUSD down 0.06% at 1.38487. The USDJPY up 0.03% at 105.90. The USDCHF flat at 0.89881. EURUSD up 0.10% at 1.20466, EUR/GBP up 0.23% at 0.86978. The USD/CNY down 0.06% at 6.4542, at the time of writing.

In the commodity market U.S Gold futures up 0.37% at $1,782.50. Elsewhere, Silver futures down 0.49% to $27.239 per ounce, Platinum up 1.18% at $1262.50 per ounce, and Palladium up 0.38% to $2,386.0.

Crude Oil up on Thursday; Brent crude oil up 0.34% to $65.12 barrel while U.S. West Texas Intermediate (CLc1) is up 0.65% at $58.63.

In the Cryptocurrency Markets, BTCUSD at 52037.04 down 0.29%, Ethereum at 1896.79 up 2.45%, Litecoin at 231.50 down 2.49%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY:

VERIZON COMMUNICATION up 5.245% at $56.99, KRAFT HEINZ Co. up 4.695% at $37.02, DISCOVERY Inc up 4.245% to $49.36, HP Inc. down 3.24% to $26.28, TWITTER Inc down 2.934% to $71.79, NVIDIA Corp. down 2.767% at $596.24.

Economic news:

US: Facing a still-scarred economy that may need an extended time to recover fully, Federal Reserve officials last month debated how to lay the groundwork for the public to accept higher inflation, and also the need to “stay vigilant” for signs of stress in buoyant asset markets, according to minutes of the U.S. central bank’s Jan. 26-27 policy meeting.

In discussions that ranged from the public’s perceptions of inflation to the vagaries of Robinhood-type retail stock trading platforms, Fed officials said they were still prepared to keep their easy monetary policy on track to help heal a job market still ailing from the impact of the coronavirus pandemic.

With a jump in some prices expected this spring, “many participants stressed the importance of distinguishing between such one-time changes in relative prices and changes in the underlying trend for inflation,” according to the minutes, which were released on Wednesday.

Eurozone: A quarter of British businesses expect to fire staff if finance minister Rishi Sunak does not extend a job furlough programme that is due to expire at the end of April, the British Chambers of Commerce said on Thursday.

Sunak is due to deliver his annual budget on March 3 and has promised to provide more support for jobs hit by the coronavirus pandemic. But he is also mindful that COVID-related spending has already pushed Britain’s budget deficit to its highest since World War Two.

Britain entered a third national lockdown last month, which forced schools and most businesses to close their doors to the public, although staff can continue to work on site if there is no good alternative.

The BCC said 61% of firms had suffered a fall in sales since October, based on a survey of 1,115 of its members carried out between Jan. 18 and Jan. 31.

Important Data: US Building Permits (Jan) today at 8:30 this time estimated 1.678M, previously which was 1.704M. US Initial Jobless Claims today at 8:30 this time estimated 765K, previously which was 793K. CANADA New Housing Price Index (MoM) (Jan) today at 8:30 previously which was 0.3%. RUSSIA Unemployment Rate (Jan) today at 11:00 this time estimated 6.0%, previously which was 5.9%.

TECHNICAL SUMMARY

GBPUSD


GBPUSD Technical Analysis

GBPUSD Technical Analysis

TRADE SUGGESTION- SELL AT 1.38445, TAKE PROFIT AT 1.37835 AND STOP LOSS AT 1.38932

EURUSD


EURUSD Technical Analysis

EURUSD Technical Analysis

TRADE SUGGESTION- SELL AT 1.20394, TAKE PROFIT AT 1.20093 AND STOP LOSS AT 1.20614

GBPJPY


GBPJPY Technical Analysis

GBPJPY Technical Analysis

TRADE SUGGESTION- SELL AT 146.589, TAKE PROFIT AT 146.385 AND STOP LOSS AT 146.826

CHFJPY


CHFJPY Technical Analysis

CHFJPY Technical Analysis

TRADE SUGGESTION- SELL AT 117.760, TAKE PROFIT AT 117.481 AND STOP LOSS AT 118.008

FTSE 100


FTSE 100 Technical Analysis

FTSE 100 Technical Analysis

TRADE SUGGESTION- BUY AT 6721 TAKE PROFIT AT 6744.2 AND STOP LOSS AT 6695.5

WTI CRUDE OIL


WTI CRUDE OIL Technical Analysis

WTI CRUDE OIL Technical Analysis

TRADE SUGGESTION- BUY AT 61.65 TAKE PROFIT AT 63.01 AND STOP LOSS AT 60.83

GOLD


GOLD Technical Analysis

GOLD Technical Analysis

TRADE SUGGESTION- SELL AT 1779.86, TAKE PROFIT AT 1772.47 AND STOP AT 1786.44

BTC USD


BTC USD Technical Analysis

BTC USD Technical Analysis

TRADE SUGGESTION- BUY AT 51813.61 TAKE PROFIT AT 52583.82 AND STOP AT 51619.99
 
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Technical Analysis Report on 19 February 2021
Asian stocks pulled back from all-time peaks on Friday. The Shanghai composite is up 0.30% at 3,686.31. Overall, the Singapore MSCI down 0.86% at 330.05. Over in Hong Kong, the Hang Seng Index down 0.03% to 30,431. In Japan, the Nikkei 225 down 0.89% at 29,960, while the Topix index is down 0.93% at 1926.0. South Korea’s Kospi up 0.57% to 3104.49. Australia S&P/ASX 200 down 1.34% at 6793.8.
European equities Thursday closing. The DAX futures contract in Germany traded 0.16% down at 13886.93, CAC 40 futures down 0.65% at 5728.3 and the UK 100 futures contract in the U.K. down 1.40% at 6,617.2.
In U.S. on Wall Street, the Dow Jones Industrial Average closed 0.38% down at 31493.3 the S&P 500 down 0.44% to 3914.0 and the Nasdaq 100 down 0.16% at 13622.2, NYSE closes at 15290.63 down 0.73%.
In the Forex market, GBPUSD up 0.03% at 1.39743. The USDJPY down 0.12% at 105.54. The USDCHF up 0.04% at 0.89611. EURUSD up 0.06% at 1.20966, EUR/GBP up 0.09% at 0.86561. The USD/CNY down 0.17% at 6.4679, at the time of writing.
In the commodity market U.S Gold futures down 0.05% at $1,774.10. Elsewhere, Silver futures down 0.41% to $26.891 per ounce, Platinum down 0.80% at $1262.85 per ounce, and Palladium down 0.04% to $2,355.0.
Crude Oil down on Friday; Brent crude oil down 0.38% to $63.35 barrel while U.S. West Texas Intermediate (CLc1) is down 0.29% at $58.46.
In the Cryptocurrency Markets, BTCUSD at 51657.94 up 0.15%, Ethereum at 1915.84 down 1.20%, Litecoin at 226.98 up 0.08%, at the time of writing.
TOP STOCKS TO WATCH OUT TODAY:
Kellogg Co up 2.585% at $59.53, KRAFT HEINZ Co. up 5.24% at $38.96, WALMART Inc down 6.481% to $137.66, APACHE Corp. down 5.672% to $17.63, MICRON TECHNOLOGY down 2.888% to $88.535, MODERNA Inc. down 4.068% at $169.57.
Economic news:
US: The United States will keep tariffs imposed on Chinese goods by the former Trump administration in place for now, but will evaluate how to proceed after a thorough review, Treasury Secretary Janet Yellen told CNBC on Thursday.
“For the moment, we have kept the tariffs in place that were put in by the Trump administration … and we’ll evaluate going forward what we think is appropriate,” Yellen told the cable news network, adding that Washington expected Beijing to adhere to its commitments on trade.
Asked if tariffs worked, Yellen hesitated, then said, “We’ll look at that.”
The White House last month said it would review all national security measures put in place by former President Donald Trump, including an interim trade deal with Beijing.
The deal eased tensions between the world’s two largest economies after a damaging trade war that U.S. experts estimate led to a peak loss of 245,000 U.S. jobs, but most of the tariffs remain in place on both sides.
Eurozone: The British state must take a bigger role in supporting businesses and the public, just as it did in the aftermath of World War Two, Labour Party leader Keir Starmer said on Thursday.
Starmer, who took over as leader of the main opposition party to Prime Minister Boris Johnson’s Conservatives in 2020, set out his alternative vision for the country’s post-Brexit and post-COVID future.
“I believe there’s a mood in the air which we don’t detect often in Britain. It was there in 1945 after the sacrifice of war, and it’s there again now,” he said. “It’s the determination that our collective sacrifice must lead to a better future.”
He proposed the creation of a “recovery bond” to allow the public to put their household savings into directly funding projects via the state-run National Infrastructure Bank.
Important Data: UK Retail Sales (MoM) (Jan) today at 2:0 this time estimated -2.5%, previously which was 0.3%. German Manufacturing PMI (Feb) today at 3:30 this time estimated 56.5, previously which was 57.1. UK Manufacturing PMI today at 4:30 previously which was 54.1. Core Retail Sales (MoM) (Dec) today at 8:30 this time estimated -2.0%, previously which was 2.1%.
TECHNICAL SUMMARY
GBPUSD

GBPUSD

EURUSD Technical Analysis

TRADE SUGGESTION- BUY AT 1.39740, TAKE PROFIT AT 1.40608 AND STOP LOSS AT 1.39417
EURUSD

EURUSD Technical Analysis

EURUSD Technical Analysis

TRADE SUGGESTION- BUY AT 1.20908, TAKE PROFIT AT 1.21082 AND STOP LOSS AT 1.20727
EURGBP

Technical Analysis

EURGBP Technical Analysis

TRADE SUGGESTION- SELL AT 0.86513, TAKE PROFIT AT 0.86149 AND STOP LOSS AT 0.86777
EURJPY

EURJPY Technical Analysis

EURJPY Technical Analysis

TRADE SUGGESTION- BUY AT 127.733, TAKE PROFIT AT 127.928 AND STOP LOSS AT 127.628
FTSEMIB 40

FTSEMIB 40 Technical Analysis

Technical Analysis

TRADE SUGGESTION- BUY AT 22130 TAKE PROFIT AT 22286.36 AND STOP LOSS AT 22031.31
WTI CRUDE OIL

WTI CRUDE OIL Technical Analysis

WTI CRUDE OIL Technical Analysis

TRADE SUGGESTION- BUY AT 59.81 TAKE PROFIT AT 60.18 AND STOP LOSS AT 59.50
GOLD

GOLD  Technical Analysis

GOLD Technical Analysis

TRADE SUGGESTION- SELL AT 1769.70, TAKE PROFIT AT 1758.20 AND STOP AT 1782.61
LITECOIN USD

LITECOIN USD Technical Analysis

LITECOIN USD Technical Analysis

TRADE SUGGESTION- BUY AT 231.96 TAKE PROFIT AT 234.33 AND STOP AT 230.89
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Technical Analysis Report on 23 February 2021
U.S. Futures pointed to another negative day for stock markets on Tuesday as a sell-off continues worldwide.
The S&P 500 futures fell over 14 points or 0.54% to 2,593.75 as of 6:50 AM ET (11:50 GMT) while Dow futures decreased 225 points or 0.94% to 23,713.0. Meanwhile, tech heavy Nasdaq 100 futures was down over 39 points or 0.61% to 6,390.0.
The Dow lost over a 1,000 points at the close on Monday, as inflation concerns pushed stocks down. The negative movements started on Friday after a report showed that U.S. wages increased at its fastest pace in eight and a half year.
Asian shares reversed their earlier gains on Wednesday as investors dumped U.S. stock futures for safer harbors, a sign market participants remain jittery after this week’s global markets rout.
While most analysts believed this week’s distressed selling looks to have run its course for the moment, allowing volatility to abate a little, the prospect of monetary tightening across the globe remains a challenge for the long term.
Japan’s Nikkei eased, but was still up 0.2 percent. Chinese blue chips and South Korea’s KOSPI index dropped more than 2 percent. Hong Kong’s Hang Seng dropped 1.09Australia’s S&P/ASX 200 gained 0.75 percent.
Gold was off a touch at $1,3332.70 an ounce gained 0.24 percent on Wednesday. Silver earned 0.45% to $16.665 an ounce. Copper price was slipped by 0.19% to $3.183 a pound. U.S. cotton is 0.54% higher at $76.60 while sugar lost 0.65% to $13.82.
Oil prices rose on Wednesday, lifted by a report that U.S. crude inventories fell last week, although analysts warned that soaring U.S. output and a seasonal demand drop could soon weigh on crude.
Brent crude futures were at $67.44 per barrel at 0751 GMT, up 58 cents, or 0.9 percent, from the previous close. U.S. West Texas Intermediate (WTI) crude futures were at $63.88 a barrel. That was up 49 cents, or 0.8 percent, from their last settlement.
Bitcoin is trading at 7727.1, 24.85% higher on the Bitfinex exchange, from its previous close.
Ethereum was last trading at $781.18, up 31.36% on the Bitfinex exchange on Wednesday. Ripple’s XRP token was 29.78% higher on the Poloniex exchange, for the day. Litecoin was trading at $145.76, up by 36.81%.
Technicals:
USDCAD

18-02-07_14-14-41_USDCAD.jpg

Fig: USDCAD D1 Technical chart
USDCAD is trading sideways on the daily charts. The market is trading between the moving averages below the 9 day and the 20 day, but above the 50 day, 100 day and the 200 day moving averages. The RSI is at 50.8. The MACD has made a negative crossover below the signal line.
Trade suggestion:
Buy limit at 1.2509, take profit at 1.2550, stop loss at 1.24946
GBPUSD
18-02-07_14-14-26_GBPUSD.jpg

Fig: GBPUSD D1 Technical charts
GBPUSD is trading in the negative, and is testing the 20 day EMA on the daily charts. The market is trading above the 50 day, 100 day and the 200 day moving averages, but below the 9 day and the 20 day EMA. The RSI is at 52.49. The MACD has made a negative crossover below the signal line. The market is expected to trade in the negative territory today.
Trade suggestion:
Sell stop at 1.39325, take profit at 1.39000, stop loss at 1.39605
EURUSD
18-02-07_14-14-17_EURUSD.jpg

Fig: EURUSD D1 Technical charts
EURUSD is trading below the 9 day EMA, in the negative zone on the daily chart. Currently, the price action is trading above all the moving averages (20 day, 50 day, 100 day and 200 day). The RSI is at 60.5. The MACD has made a negative crossover below the signal line.
Trade suggestion:
Buy stop at 1.23727, take profit at 1.23396, stop loss at 1.24022
DASH
18-02-07_14-13-47_DASH.jpg

Fig: DASH D1Technical chart
DASH/USD is trading in the positive zone, testing the lower band of the Bollinger bands on the daily chart. The RSI is nicely placed at 35. The MACD is below the signal line, but expected to make a positive crossover above the signal line. The market is trading below all the moving averages (9day, 20 day, 50 day, 100 day and 200 day). The market is expected to trade positive for the day.
Trade suggestion:
Buy limit at 515.9, take profit at 550, stop loss at 488
COTTON
18-02-07_14-13-56_Cotton-no.2-Futures.jpg

Fig: COTTON Technical chart
Cotton is trading sideways on the daily charts. The market is trading below the 9 day, 20 day,and the 50 day,but above the 100 day and the 200 day moving averages. The RSI is at 40.2. The MACD is below the signal line.
Trade suggestion:
Buy stop at 76.83, take profit at 77.10, stop loss at 76.40
SILVER
18-02-07_14-14-06_Silver-Futures.jpg

Fig: SILVER D1 Technical chart
Silver is trading in the negative zone on the daily charts. The market is also trading below all the moving averages (9 day, 20 day, 50 day, 100 day and 200 day). The RSI is at 43.11. But the MACD is below the signal line.
Trade suggestion:
Sell limit at 16.510, take profit at 16.400, stop loss at 16.600
DAX30
18-02-07_14-13-29_DAX-30-Index.jpg

Fig: DAX30 Technical charts
DAX30 is trading in the negative zone, below the lower band of the Bollinger bands on the daily charts. Currently, the market is trading below all the moving averages (9 day, 20 day, 50 day, 100 day and 200 day). The RSI is at 27.25. The MACD has made a negative crossover below the signal line. The market is expected to trade negative for the day.
Trade suggestion:
Sell stop at 12424, take profit at 12333, stop loss at 12514
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Technical Analysis Report on 24 February 2021
Asia Pacific stocks were down Wednesday morning, even as Treasury yields steadied and the U.S. Federal Reserve pledged continued support for the U.S. economic recovery from COVID-19. The Shanghai composite is down 2.79% at 3,533.93. Overall, the Singapore MSCI up 1.07% at 334.40. Over in Hong Kong, the Hang Seng Index down 2.78% to 29,731. In Japan, the Nikkei 225 down 1.56% at 29,700, while the Topix index is down 1.73% at 1903.5. South Korea’s Kospi down 2.32% to 2997.38. Australia S&P/ASX 200 down 0.90% at 6777.8.

European equities Tuesday closing. The DAX futures contract in Germany traded 0.61% down at 13864.81, CAC 40 futures up 0.22% at 5779.8 and the UK 100 futures contract in the U.K. up 0.21% at 6,625.9.

In U.S. on Wall Street, the Dow Jones Industrial Average closed 0.05% up at 31537.4 the S&P 500 up 0.13% to 3881.4 and the Nasdaq 100 down 0.22% at 13194.7, NYSE closes at 15359.13 up 0.12%.

In the Forex market, GBPUSD up 0.32% at 1.41575. The USDJPY up 0.26% at 105.51. The USDCHF up 0.25% at 0.90718. EURUSD down 0.03% at 1.21455, EUR/GBP down 0.32% at 0.85788. The USD/CNY down 0.04% at 6.4615, at the time of writing.

In the commodity market U.S Gold futures up 0.05% at $1,806.28. Elsewhere, Silver futures down 0.3% to $27.531 per ounce, Platinum down 0.27% at $1234.00 per ounce, and Palladium up 0.40% to $2,360.00.

Crude Oil down on Wednesday; Brent crude oil down 0.08% to $65.00 barrel while U.S. West Texas Intermediate (CLc1) is down 0.02% at $58.57.

In the Cryptocurrency Markets, BTCUSD at 49714.32 up 1.70%, Ethereum at 1618.31 up 2.55%, Litecoin at 179.22 up 0.97%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY:

NETFLIX Inc. up 2.317% at $546.15, FACEBOOK up 2.122% at $265.85, FINSERV Inc. up 1.976% to $115.5, WORKDAY Inc. down 2.503% to $290.25, MODERNA Inc. down 5.773% to $150.17, TESLA Inc. down 2.192% at $698.84.

Economic news:

US: The U.S. House of Representatives will vote on Friday on legislation to provide $1.9 trillion in new coronavirus relief, Representative Steny Hoyer, the chamber’s No. 2 Democrat, said.

“The American people strongly support this bill, and we are moving swiftly to see it enacted into law,” Hoyer said on Twitter on Tuesday.

The House Budget Committee approved the measure on Monday. Passing more relief to ease the economic effects of the pandemic is a top priority of Democratic President Joe Biden.

Although polls show Americans want more economic support, Democrats – who narrowly control Congress – and Republicans differ sharply over how best to provide it. The U.S. coronavirus death toll this week surpassed the grim benchmark of 500,000 victims. Millions more have been left jobless by the pandemic.

Eurozone: Britain has agreed to the European Union’s request to delay ratification of their post-Brexit trade agreement until April 30, cabinet office minister Michael Gove said on Tuesday.

Earlier this month, the EU asked Britain if it could take extra time to ratify the agreement by extending until April 30 provisional application of the deal to ensure it was in all 24 of the bloc’s languages for parliamentary scrutiny.

In a letter to Maros Sefcovic, vice president of the European Commission, Gove wrote: “I can confirm that the United Kingdom is content to agree that the date on which provisional application shall cease to apply … should be extended to 30 April 2021.”

Important Data: German GDP (QoQ) (Q4) today at 2:00 this time estimated 0.1%, previously which was 8.5%. US New Home Sales (Jan) today at 10:00 this time estimated 855K, previously which was 842K. US Crude Oil Inventories today at 10:30 this time estimated -5.19M, previously which was -7.258M. AUSTRALIA Private New Capital Expenditure (QoQ) (Q4) today at 19:00 this time estimated 0.4%, previously which was -3.0%.

TECHNICAL SUMMARY
 

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Technical Analysis Report on 25 February 2021
Asian stocks perked up on Thursday after U.S. Federal Reserve Chair Jerome Powell reaffirmed interest rates would stay low. The Shanghai composite is up 0.91% at 3,597.20. Overall, the Singapore MSCI up 1.57% at 340.50. Over in Hong Kong, the Hang Seng Index up 1.50% to 30,145. In Japan, the Nikkei 225 up 1.75% at 30,160, while the Topix index is up 1.37% at 1928.0. South Korea’s Kospi up 2.26% to 3062.59. Australia S&P/ASX 200 up 0.95% at 6842.2.

European equities Wednesday closing. The DAX futures contract in Germany traded 0.80 up at 13976.00, CAC 40 futures up 0.31% at 5798.0 and the UK 100 futures contract in the U.K. up 0.50% at 6,659.0.

In U.S. on Wall Street, the Dow Jones Industrial Average closed 1.35% up at 31961.9 the S&P 500 up 1.14% to 3925.4 and the Nasdaq 100 up 0.06% at 13323.0, NYSE closes at 15539.41 up 1.17%.

In the Forex market, GBPUSD up 0.01% at 1.41398. The USDJPY up 0.16% at 106.01. The USDCHF up 0.01% at 0.9066. EURUSD up 0.03% at 1.21649, EUR/GBP up 0.03% at 0.86028. The USD/CNY down 0.01% at 6.4548, at the time of writing.

In the commodity market U.S Gold futures down 0.44% at $1,796.70. Elsewhere, Silver futures down 0.27% to $27.987per ounce, Platinum down 0.57% at $1259.81 per ounce, and Palladium down 0.10% to $2,437.00.

Crude Oil mix on Thursday; Brent crude oil down 0.06% to $67.20 barrel while U.S. West Texas Intermediate (CLc1) is up 0.26% at $58.72.

In the Cryptocurrency Markets, BTCUSD at 50184.00 up 0.86%, Ethereum at 1598.16 down 1.68%, Litecoin at 180.28 down 0.91%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY:

BOEING Co. up 8.118% at $229.34, EBAY Inc. down 3.243% at $59.38, INTEL Corp. up 3.387% to $63.19, MICRON Tech. up 4.862% to $92.52, BAIDU Inc. down 9.619% to $167.53, TESLA Inc. up 6.179% at $742.02.

Economic news:

US: President Joe Biden said on Wednesday he would seek funding for legislation to supercharge chip manufacturing in the United States as a shortfall of semiconductors has forced U.S. automakers and other manufacturers to cut production.

Biden also signed an executive order on Wednesday aimed at addressing the global semiconductor chip shortage that has alarmed the White House and members of Congress, administration officials said.

The scarcity, exacerbated by the pandemic, was also the subject of a discussion between Biden and a bipartisan group of U.S. lawmakers at the White House on Wednesday.

Eurozone: British finance minister Rishi Sunak should follow the lead of the United States by announcing a 100-billion-pound stimulus push in next week’s budget to fuel an economic recovery from the COVID-19 pandemic, a think tank said on Thursday.

Sunak, who is due to announce a new budget plan on March 3, has already racked up more than 280 billion pounds ($395 billion) in coronavirus spending and tax cuts, pushing Britain’s borrowing to its highest since World War Two.

The Resolution Foundation said Sunak should extend emergency support for businesses and workers and announce a new round of stimulus measures to alleviate unemployment, boost green investment and help retailers.

Important Data: US Core Durable Goods Orders (MoM) (Jan) today at 8:30 this time estimated 0.7%, previously which was 1.1%. US GDP (QoQ) (Q4) today at 8:30 this time estimated 4.2%, previously which was 4%. US Initial Jobless Claims today at 8:30 this time estimated 838K, previously which was 861K. AUSTRALIA Trade Balance (YoY) (Jan) today at 16:45 previously which was 2940M.

TECHNICAL SUMMARY
 
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