News, Trends, & Analytics 21.07.2021

Today the focus is on Britain’s business policies, Mastercard trying to make cryptos easier to use, and the newest Nasdaq partnership.

 

Calendar

14:30 UTC

The US Crude Oil Inventories measures will be released. Forecast: -4.466M. If the results are lower than expected, Brent could receive a positive push.

Assets to trade: Brent

 

News

Netflix is focusing on boosting its slowing subscriber growth, as its competitors Disney+ and HBO Max are ramping up their own efforts. Affects Netflix


Britain’s finance ministry proposed extending individual accountability rules for senior managers at banks and insurers to a wider range of financial firms to make their top managers directly accountable for their actions. Affects GBP


Nasdaq partners with Goldman Sachs, Morgan Stanley, and Citigroup to spin out its platform that would allow investors to trade in stocks of private companies. Affects NASDAQ


Apple delays its office return plans by at least a month as spikes of a new Covid-19 strain raises health concerns. Affects Apple

 

Mastercard announced that it will enhance its card program for cryptocurrency exchanges and wallets to make it easier to use. Affects Bitcoin

 

Technical Analysis

Bitcoin

While Bitcoin remains in dire straits, as it is unable to recover from its big price loss, we can see that things are starting to look up for the world’s biggest crypto. With the newest moves to make all cryptocurrencies more accessible as a payment method, we expect its popularity to pick up once again.

The crypto is currently in a bearish pattern, and with how it looks, we expect that it will continue today.

NASDAQ

This US index is currently on its way to break out of Pennant and reaffirm its downward tendency.

Gold

Gold is spiking, with some price corrections on the way.


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