Analytics

News, Trend, & Analytics 27.05.2021

Vaccine Woes

Today the focus is on Iran banning crypto mining, Amazon purchase of MGM studio, and a new aircraft deal for Boeing.

 

Calendar

12:30 UTC

The US weekly Initial Jobless Claims measures will be released. Forecast: 425K. If the results are higher than predicted, the USD could receive a negative push.

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

 

News

Amazon agrees to buy an MGM film studio to expand its media outreach and capabilities. Affects Amazon


Iran banned cryptocurrency mining after a series of blackouts across the country. Affects Bitcoin


Belgium halts the distribution of the Johnson & Johnson vaccine for people under 41 after one dies. Affects Johnson & Johnson


Facebook’s WhatsApp sues the Indian government over its new internet laws. Affects Facebook


Boeing wins a $24 million deal to support the P-8A aircraft program. Affects Boeing

 

Technical Analysis

Amazon

Amazon keeps expanding its presence in digital entertainment, and its purchase of a famous Hollywood studio MGM is another step to do so. As the demand for such content keeps increasing, it is unsurprising that one of the biggest companies in the world decided to get in on it.

Amazon broke through its previous resistance level and is currently growing, showing potential to start an uptrend.

Ethereum

The crypto is currently in a correction after today’s growth, though we believe that it has found its new resistance level and is going to drop.

USD/CHF

The pair has bounced off its resistance level and is now dropping down to its support level, and there are signs that it might break through to continue its fall.

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