Today the focus is on the airlines looking at better booking perspectives, European vaccine woes, and Google facing a fine in Turkey.
Australian Bureau of Statistics releases its measurement of the change in the number of people employed. Forecast: 35K. If the data is higher than the previous reading the AUD could see a positive push.
Assets to trade: AUD/CAD, EUR/AUD, AUD/CHF
The US Department of Labor releases its weekly Initial Jobless Claims measures. Forecast: 700K. If the data is lower than expected USD could receive a positive push.
Assets to trade: EUR/USD, GBP/USD, NZD/USD
The US Census Bureau releases its monthly Retail Sales measures. Forecast: 5.9%. If the data is higher than expected USD could receive a positive push.
Assets to trade: USD/CAD, USD/CHF, USD/JPY
Airlines worldwide are optimistic as the vaccine spreads across the globe. Affects Boeing
Goldman Sachs rises significantly after its earnings report hit the market. Affects Goldman Sachs
JP Morgan profited greatly from the pandemic deal-craze, showing great promise. Affects JP Morgan
Italy stops Johnson & Johnson vaccine distribution after the USA pauses its use. Affects Johnson & Johnson
Turkey fines Google for “abusing its dominant position”. Affects Google
As airlines worldwide are hopeful that the global lockdown will be removed this summer, we can see that Boeing’s stock rises to replenish its earlier losses.
Right now, it looks like Boeing hit its new resistance level at 257, and enters a downward correction.
We can see the newest price spike and the continuous growth. We can expect it to slow down and halt in a day or so as it reaches a new resistance level.
Tesla has entered a downward correction after the end of its recent upward trend. We can expect it to stop once it reaches a new support level.