Analytics

News, Trend, & Analytics 24.03.2021

A Microsoft Deal For Discord

Today the focus is on Microsoft talks with Discord, the new US economic package, and continuing computer chip supply crisis.

 

Calendar

7:00 UTC

The British Office for National Statistics releases its report on YoY Consumer Price Index. Forecast: 0.8%. If the reading is higher than predicted, it can give GBP a positive push.

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


14:30 UTC

The US releases its weekly report on the Crude Oil Inventory. Forecast: -0.908M. If the inventory is lower, Brent can get a positive push.

Assets to trade: Brent

 

News

Microsoft is in talks to buy Discord for more than $10 billion. Affects Microsoft


Reporters Without Borders sues Facebook over attacks on media and virus posts. Affects Facebook


Baidu shares get a cold reception at their debut on the Hong Kong stock market. Affects Baidu


Biden announces a new $3 trillion economic package. Affects S&P 500


A factory blaze in Japan adds to the already heavy computer chip supply crisis. Affects Tesla

 

Technical Analysis

Baidu

Baidu has recently had a rather rough time, with actions from the Chinese government cutting into its profit margins and effectiveness (like forcing it to relinquish its media assets). Hong Kong debut was supposed to fix that, and so far it doesn’t look like it succeeded.

It looks like the price entered a channel after hitting its support level, with a possible downtrend in the future.

EUR/USD

The pair follows a strong downtrend interspersing with minute corrections.

Brent

Crude oil follows a slight downtrend after a sharp fall, with a possible correction and an uptrend in sight.

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