Today the focus is on Google getting bigger, Tesla’s car troubles, and President-elect Biden’s plans.
The British GDP MoM will be released. If the difference is less than the previous 0.4%, the GBP could receive a negative impulse.
Assets to trade: GBP/USD, GBP/CAD, EUR/GBP
US Core Retail Sales (MoM) Dec will be reported. Forecast: -0.1%. A reading higher than forecast could positively impact the USD.
Assets to trade: USD/NZD, USD/CAD, USD/AUD
The anticipation of President-elect Joe Biden’s pandemic aid proposal to jump-start a struggling economy lead to record highs for the NASDAQ. Affects Dow Jones
Google has closed its deal to buy Fitbit, the companies said on Thursday, while the Justice Department continues its probe of the $2.1 billion transaction. Affects Google
Americans spent a record online over the 2020 holiday season, and more e-commerce gains are expected. Affects Amazon
The NHTSA: in the US, on Wednesday, asked Tesla Inc to recall 158,000 Model S and Model X vehicles over media control unit failures that could pose safety risks. Affects Tesla
The House of Representatives impeached Trump for a second time. Affects USD
President-elect Joe Biden unveiled a stimulus package proposal on Thursday intended to reignite the economy during the coronavirus pandemic with a $1.9 trillion economic lifeline that could help heavily impacted and minority communities. The market reacted positively to the news of stimulus.
A new resistance level was established on the index’s daily chart, and prices will likely bounce below the line.
The pair is in a long downtrend, and the Bearish Engulfing signal indicates a further drop.
The precious metal has tested its resistance level once and retreated, and it poised to do the same again.