News, Trend, & Analytics 30.04.2021

Chip Shortage Strikes Again

Today the focus is on jobs for Britain, new cryptos, and German supply issues.



8:00 UTC

The German GDP (QoQ) for Q1 will be released. Forecast: -1.5%. If the data is lower than forecast, the EUR and DAX could be negatively impacted.

Assets to trade: DAX, EUR/USD, EUR/NZD

9:00 UTC

The EU CPI or Consumer Price Index (YoY) for April will be announced. Forecast: 1.6%. If the data is lower than forecast, the EUR could receive some negative pressure.

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

12:30 UTC

The Canadian GDP (MoM) for February will be published. Forecast: 0.5%. If the results are lower than expected the CAD could receive negative.

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



British employees returned to work and shoppers stepped up spending on clothes and furniture after lockdown restrictions eased across most of the country earlier this month, official figures showed on Thursday. Affects GBP

China’s rapid development of a digital version of the yuan is not pushing the Federal Reserve to rush its own digital currency project, Federal Reserve Chair Jerome Powell said on Wednesday, adding that China’s approach would not work in the United States. Affects Bitcoin

U.S. economic growth likely accelerated in the first quarter, fueled by massive government aid to households and businesses, charting the course for what is expected to be the strongest performance this year in nearly four decades. Affects USD

Eurozone economic sentiment surged in April as vaccination campaigns against the coronavirus gathered speed, with sharp gains across all sectors of the economy that economists said marked the end of the pandemic-induced recession. Affects EUR

Shortages of semiconductors and other industrial components are threatening to derail German economic recovery, forcing executives and policymakers to re-think supply lines and try to reduce reliance on a handful of Asian and U.S. suppliers. Affects DAX


Technical Analysis


The German economy has been showing positive signs, but chip shortages have begun to cut forecasts. While the country struggles to economically recover from lockdowns supply dependencies are being re-evaluated as the nation looks to become more self-sufficient.

The index is testing the recent low and the support level, it will likely bounce back up.

Johnson & Johnson

Prices could bounce off of the inclined support level continuing the uptrend.


Prices are testing the support level around 234, momentum may be strong enough to break through it.

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