Analytics

News, Trend, & Analytics 06.04.2021

Oil Dips as Production Rises

Today the focus is on the OPEC+ hiking its production, Tesla topping its market value records, and ongoing concerns of worker rights in Amazon.

 

Calendar

14:00 UTC

The US Bureau of Labor Statistics will release the results of its JOLTs Job Openings to help measure job vacancies. Forecast: 6.995 million. If the results are below the prediction, USD could receive a negative push.

Assets to trade: EUR/USD, AUD/USD, GBP/USD

 

News

The leaker claims that they can offer the personal data of over 500 million Facebook users. Affects Facebook


President of the USA Joe Biden says that he is willing to push through his infrastructure spending plan even if it doesn’t meet Republican support. Affects NASDAQ


The US National Labor Relations Board has determined that Amazon illegally fired activist workers. Affects Amazon


Oil dips as OPEC+ members and Iran hike up their production rates. Affects Brent

 

Technical Analysis

Tesla

While Tesla had its own share of problems, the massive returns it brought after the first quarter might give her a positive push that can help it breach the major resistance level of 700 and begin a new positive trend.

As of now, Tesla shows a steadily decreasing price corridor, with a new support level of 610 and the resistance level of 688. We can expect it to rise in the short term.

EUR/NZD

This currency pair shows a steady downtrend peppered with small corrections. This tendency is expected to continue for the nearest future.

MasterCard

MasterCard seems like it ended its volatile period and entered a new price corridor between the levels of 355 and 365. The best strategy in the short term would be to trade along the corridor.

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