Today the focus is on Apple’s new investment strategy, Trump’s second impeachment, and Google’s political aspirations.
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
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
Fed Chair Powell will speak. His speech will impact the USD.
Assets to trade: NZD/USD, USD/JPY, AUD/USD
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
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.
The price of oil has dropped, but the decline has lost momentum as it approaches the upward support level.
The price is set to test the downward resistance level, the price will likely reflect off of the line continuing the downtrend.