Daily Review

News, Trend, & Analytics 21.04.2021

Big Tech In The Spotlight

Today the focus is on European vaccine optimism, Boeing’s good deal, and the US making progress in vaccination.

 

Calendar

6:00 UTC

The British Office for National Statistics releases its yearly Consumer Price Index. Forecast: 0.8%. If the data is lower than expected the GBP will receive a negative push.

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


12:30 UTC

Statistics Canada releases its readings on the monthly Core Consumer Price Index in Canada. No forecast. Previous:0.3%. If the data is higher than the previous estimation the CAD will receive a positive push.

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


14:30 UTC

The US Energy Information Administration releases its weekly measurements of the US Crude Oil inventories. Forecast: -2.86M. If the data is lower than expected the Brent will receive a positive push.

Assets to trade: Brent

 

News

Dubai Aerospace orders 15 Boeing 737 MAX jets. Affects Boeing


As the earnings season continues, investors turn their attention from major Wall St. indices to Big Tech companies. Affects NASDAQ


The US Centers for Disease Control and Prevention (CDC) expands COVID-19 vaccine eligibility to 16 and older. Affects Johnson & Johnson


Facebook unveils upcoming audio products to provide competition for the popular social media Clubhouse. Affects Facebook


As the European vaccine program borns its fruit, markets look to the future with optimism. Affects EUR

 

Technical Analysis

Boeing

Boeing, along with other aerospace companies, was hurt by COVID-19 and lockdowns that followed it. Even the latest optimistic data on vaccinations weren’t enough to end its slump.

Here, we can see Boeing following a downtrend, with a sudden slip at the end. We expect this trend to continue in the short term.

Johnson & Johnson

The stock is following a steady uptrend, though the recent spike will likely trigger a price correction in the nearest future.

Google

Google currently follows a narrowing price channel and is likely to break out of it upwards.

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