Analytics

News, Trends, & Analytics 10.12.2020

Mastercard will buy back its shares

Today in the spotlight – Merkel tightens quarantine, rising oil reserves, as well as the decisions of the Mastercard board of directors.

 

Calendar

12:45 UTC

The ECB will decide on the interest rate. The regulator is expected to keep the rate at the current 0% level. However, at the time of the news release, a sharp increase in the volatility of EUR currency pairs is possible.

Assets to trade: EUR/USD, EUR/CHF


13:30 UTC

There will be a report on the number of initial applications for unemployment benefits in the United States. The indicator is expected to grow to 725 thousand. However, if real data turns out to be lower than the previous value of 712 thousand, USD will receive a positive impulse.

Assets to trade: USD/CAD, USD/CHF

 

News

Mastercard will buy back $6 billion of its shares. Affects Mastercard


Mexico to order additional 22 million doses of COVID-19 vaccine from Johnson & Johnson. Affects Johnson & Johnson


German Chancellor Merkel has called for stricter quarantine measures after Christmas. Affects EUR


The head of the US Food and Drug Administration predicts approval of the Pfizer and BioNTech COVID-19 vaccine. Affects S&P 500


According to the American Petroleum Institute, black gold reserves in the United States increased by 1.141 million barrels. Affects Brent

 

Technical Analysis

Mastercard

The Mastercard Board of Directors announced a 10% increase in dividends at once. In addition, a share buyback program for a total of $6 billion was approved. Against this background, demand for shares may grow significantly.

According to the technical analysis, stocks’ growth may continue to the level of 355.5 or 367.

AUD/CAD

After the formation of the “double bottom” reversal pattern, the continued bullish trend may continue.

NZD/USD

A Declining Minimum has formed on the chart of the currency pair, which indicating a likely downtrend.

NZD/USD on this day in history

  • Since 2000, December 10th has been a trading day 13 times.
  • On 69% of those days, the asset finished trading with growth.
  • The maximum strengthening range was 1.21%.
  • The downward trend was limited to 1.57%.
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