Today the focus is on the Mercedes-Benz expanding in the electric cars market, a big infrastructure plan from Joe Biden, and the oil price volatility.
The readings of the Germany Manufacturing Purchasing Managers Index (PMI) are released. Forecast: 66.6. If the results are above the prediction, EUR could receive a positive push.
Assets to trade: EUR/GBP, EUR/NZD, EUR/AUD
UK Manufacturing PMI is going to be released. Forecast: 57.9. If the resulting data is below the prediction, GBP could receive negative pressure.
Assets to trade: GBP/AUD, GBP/CAD, GBP/JPY
The weekly United States Initial Jobless Claims come in. Forecast: 680K. If the results are below the prediction, USD could receive a positive push.
Assets to trade: USD/CHF, USD/CAD, EUR/USD
The United States President Joe Biden calls for a big $2 trillion package to invest in infrastructure projects. Affects NASDAQ
Amazon-backed Deliveroo dives almost 30% after the cold receptance of its London debut. Affects Amazon
Mercedes-Benz maker Daimler promises to accelerate its shift to electric cars, building on a good 2021 start. Affects Tesla
Oil prices continue to fall as OPEC+ is concerned about slow demand recovery. Affects Brent
The UK watchdog says that Mastercard broke the law for the cartel behavior when offering pre-paid cards to the vulnerable. Affects Mastercard
Following the news of a new infrastructure bill from the US government NASDAQ started its rise and continues it uninterrupted save a small correction.
We can see that NASDAQ has broken through the major resistance level of 13,000 and is currently aims to reach 13,100. If it manages to do that, we’ll probably see a strong uptrend.
The chart shows that Boeing is following an uptrend, even though it is interspersed with corrections. If it manages to break through the 260 resistance level, it might have a new support level.
Brent entered a slump earlier today and is now in correction, though it is unclear whether it will continue for long.