Analytics

News, Trends, & Analytics 14.01.2021

Google vs. Politics

Today the focus is on  Apple’s new investment strategy, Trump’s second impeachment, and Google’s political aspirations.

 

Calendar

7:00 UTC

German GDP QoQ will be released. If the difference is less than the previous quarters 8.5%, the EUR could receive a negative impulse.

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


13:30 UTC

The European Central Bank Monetary Policy Statement will be released. This statement could cause volatility for the EUR.

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


17:30 UTC

Fed Chair Powell will speak. His speech will impact the USD.

Assets to trade: NZD/USD, USD/JPY, AUD/USD

 

News

Google to pause all political ads ahead of the US inauguration. Affects Google


Japan extends its nationwide state of emergency while COVID cases continue to rise. Affects JPY


Apple pledges $60 million in venture capital to fund entrepreneurs of color. Affects Apple


The Italian government is on the brink of collapse. Affects EUR


Trump’s second impeachment could be voted on this Friday. Affects USD

 

Technical Analysis

Google

Google has chosen to remove politics from its advertising. Though political campaigns are not the largest supplier of ad revenue, the decided loss will impact the company’s bottom line.

The chart shows a slowed upward trend, that seems strong as quotes bounced off of it.

Brent

The price of oil has dropped, but the decline has lost momentum as it approaches the upward support level.

Boeing

The price is set to test the downward resistance level, the price will likely reflect off of the line continuing the downtrend.

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