Analytics

News, Trend, & Analytics 19.02.2021

All Eyes on Companies’ Performance

Today the focus is on Tesla price cuts, Amazon’s pending investigation in India, and Facebook’s drama down under.

 

Calendar

7:00 UTC

The UK Office for National Statistics will release its report about the change in total value of national retail sales. Forecast: 2.2%. If the results are higher than predicted, the GBP could rise.

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


8:30 UTC

Markit Economics will release its Germany PMI survey. Forecast: 56.5. If the results are higher than predicted, the EUR could rise.

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


15:00 UTC

The National Association of Realtors in the US will release its monthly report on Existing Home Sales. Forecast: -1.5%. If the results are better than forecasted, the USD could get a positive impact, and vice versa.

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

 

News

Tesla cuts prices on base variants of Model 3 and Model Y. Affects Tesla


US weekly jobless claims unexpectedly rose during the last week. Affects USD


India’s federal financial crime-fighting agency will examine findings in the Reuters report on Amazon. Affects Amazon


Australia slams Facebook for banning Australian outlets on the platform. Affects Facebook


Brent keeps rising while Texas tries to get the consequences of the cold snap under control. Affects Brent

 

Technical Analysis

EUR/USD

With the rise in jobless claims, the freeze in Texas oil production, and other domestic problems, we can expect that the USD price will fall, at least in the short-term. At the same time, the EU and its powerhouse Germany look fresh, lending strength to the Euro.

We can see that the pair hit its new support level and could continue its recent bullish pattern again.

Brent

The current downtrend could just be the pull back to the larger uptrend.

Tesla

It has tested its support level and reflected upward, but could hover around its support level.

Related posts
Analytics

News, Trends, & Analytics 17.04.2020

Japanese Prime Minister Shinzo Abe announced a state of emergency nationwide yesterday. Previously, this measure had been extended to a number of prefectures.
Official Olymp Trade Blog