Analytics

News, Trend, & Analytics 07.04.2021

Facebook Faces A Scrutiny

Today the focus is on the US car industry straining against a computer chip shortage, Vietnam lifting its Boeing 737 MAX transit ban, and a new generation of Intel vs. AMD competition.

 

Calendar

08:30 UTC

Markit Economics releases a new measurement of the UK Composite Purchasing Manager Index. Forecast: 56.6. If the results are higher than predicted, GBP could receive a positive push.

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


14:30 UTC

The US releases its weekly oil inventories report. Forecast: -1.436 million. If the results are higher than predicted, Brent could receive a negative push.

Assets to trade: Brent

 

News

Facebook might face another antitrust scrutiny in Europe after purchasing a customer service startup Kustomer. Affects Facebook


The US auto industry calls for government helps as the global superconductor shortage may have severe consequences. Affects Dow Jones


The US asset manager BlackRock and Canada’s Brookfield Asset Management Inc are no longer competing for a $10 billion Aramco pipeline stake. Affects Brent


Vietnam has lifted its ban on transit by Boeing 737 MAX. Affects Boeing


Intel introduces its newest microchip data center microprocessor circumnavigating a chip shortage to better compete against AMD. Affects AMD

 

Technical Analysis

Facebook

Despite a series of legal problems that Facebook meets in Europe, it is going strong and shows a lot of promise.

Right now, Facebook follows an uptrend interspersed with small corrections. If it manages to break the major resistance level of 310, we can expect it to keep rising in the short term before it enters a new correction.

USD/JPY

This currency pair follows a downtrend with sharp falls that are followed by corrections. We can expect it to continue until it reaches a new support level.

DAX

It looks like DAX is at the end of its steady uptrend, reaching a new resistance level of 15,320. For now, we can expect it to slowly fall back to 15,230.

Related posts