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.
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
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
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
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.
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.
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.