News, Trends, & Analytics 13.01.2021

Today the focus is on Google’s anti-misinformation campaign, Boeing’s misfortune, and the world’s re-evaluation of Facebook.

 

Calendar

9:00 UTC

ECB President Lagarde will speak. Her speech could cause volatility or a short bullish or bearish trend.

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


13:30 UTC

The US Core Consumer Price Index (MoM) for December. The indicator is forecast at 0.1%. A higher reading may have a positive influence on the USD.

Assets to trade: USD/CAD, NZD/USD


15:30 UTC

US Crude Oil Inventories will be released. Supplies are expected to drop by -2.720M. A smaller decrease or an increase could negatively impact Brent.

Assets to trade: Brent

 

News

President Donald Trump blamed Big Tech companies on Tuesday for dividing the country after Twitter and Facebook banned him. Affects Facebook


BMW sales fell by 8.4% in 2020. Affects BMW


Boeing slinks into 2021 with more 737 Max approval issues and 787 shipping delays. Affects Boeing


Tesla is another step closer to selling its cars in India. Affects Tesla


Google launched a $3 million fund to fight vaccine misinformation. Affects Google

 

Technical Analysis

Facebook

After being suspended in the wake of attacks on the US Capitol Building, President Trump hoisted the blame for a divided country on the platform. Social media’s role in society and its future are being called into question around the world and could continue to erode the companies price.

The company’s 1-day chart has shown that the price approaches the long-standing support level. Current downward pressure could push the price below its support.

Netflix

The streaming service’s price has passed below its support level and could continue to fall to around 470.

Apple

The company’s price has passed below the support level at 128 and could reverse as the drop loses momentum.


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The information provided does not constitute a recommendation to carry out transactions. When using this information, you are solely responsible for your decisions and assume all risks associated with the financial result of such transactions.

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