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Asian stocks gave up early gains and fell on Friday, as a resurgence of coronavirus infections in Europe and the United States hurt risk appetite. The Shanghai composite is up 1.90% to 3,333. Overall, the Singapore MSCI went down 1.03% to 289.2.Over in Hong Kong, the Hang Seng Index up by 1.20% to 24,328. In Japan, the Nikkei 225 climbed down 0.85% to 23,417.9 ,while the Topix index  was down 1.64% to 1617. South Korea’s Kospi down 2.38% to 2,334.95. Australia S&P/ASX 200 up 1.23% to 6176.8.

European markets finished sharply lower on Thursday with shares in Germany leading the region. The DAX futures contract in Germany traded 2.66% lower, CAC 40 futures in France dropped 2.21% to 4837.4 and the FTSE 100 futures contract in the U.K. rose 0.24% to 5871.5.

In U.S. on Wall Street, the Dow Jones Industrial Average fell 0.07% to 28494, the S&P 500 lost 0.15% to 3483.3 and the Nasdaq Composite up 0.6% to 128.41,NYSE closes at 13137.24 down 0.05%.

In the Forex market, GBPUSD down 0.06% to 1.28947. The USDJPY down 0.15% to 105.263 .The USDCHF up 0.10% at 0.9149.EURUSD down 0.01% at 1.17056,  EUR/GBP up 0.13% at 0.90783. The  USD/CNY down 0.10% at 6.7206, at the time of writing.

In the commodity market U.S. gold futures down  0.15%  to $1,905.39. Elsewhere, Silver down 0.16% to $24.25 per ounce, platinum flat at $864.51 per ounce, and palladium down 0.06 % to $2,355.

Crude Oil Has Rough Ride on Thursday, Brent crude futures (LCOc1) down 0.37% to $43.16 a barrel while U.S. West Texas Intermediate (CLc1) futures were down 0.48%, to $40.06.

In the Cryptocurrency Markets, BTCUSD at 11353.9 down 1.38%, Ethereum at 370.54 down 1.96%, Litecoin down 4.66% at 47.24, at the time of writing. 

Corporate news: North and South American markets finished lower on Thursday with shares in Brazil leading the region. The Bovespa is down 0.28% while Mexico’s IPC is off 0.19% and U.S.’s S&P 500 is lower by 0.15%. Nike up 1.05% at $129, Apple down 0.48% at $120.71, Coca-Cola down 0.26% at $49.99.

Economic news: In U.S, THE NUMBER OF PEOPLE filing for unemployment benefits increased last week to 898,000, a worrying sign that the job market’s recovery from the pandemic-induced recession is slowing.

Eurozone: Euro zone financial stability risks are on the rise due to a surge in debt levels but the bank sector has ample buffers to absorb losses while continuing to lend, European Central Bank President Christine Lagarde said on Thursday.

Important Data: Car Registration data published in U.S., there is 4.4% decline on yearly basis whereas 276% rise on monthly basis. In Germany car registration data, there is rise of 5.6% on monthly basis and 8.4% rise on yearly basis in comparison to previously -20%. French car registration data shows that there is 3% decline on yearly basis while 62.4% rise in monthly basis. Euro zone to release its CORE  CPI at 5:00 today, earlier which was -0.3% and expectations are also same this time.  

TECHNICAL SUMMARY

GBPUSD

Technical Analysis
Technical Analysis

TRADE SUGGESTION- SELL AT 1.2884, TAKE PROFIT AT 1.2868, AND STOP AT 1.2896

EURUSD

Technical Analysis
Technical Analysis

TRADE SUGGESTION- SELL AT 1.1696, TAKE PROFIT AT 1.16237, AND STOP LOSS AT 1.17250

NZDUSD

Technical Analysis
Technical Analysis

TRADE SUGGESTION- SELL AT 0.65866 , TAKE PROFIT AT 0.65576 AND STOP AT 0.66087

EURNOK

Technical Analysis
Technical Analysis

TRADE SUGGESTION- SELL AT 10.97395, TAKE PROFIT AT 11.02895 AND STOP AT 10.93661 

STOXX 50

Technical Analysis
Technical Analysis

TRADE SUGGESTION- SELL AT 3231, TAKE PROFIT AT 3186, AND STOP AT 3250

GOLD

Technical Analysis
Technical Analysis

TRADE SUGGESTION- SELL AT 1897, TAKE PROFIT AT 1889 AND STOP AT 1911

CRUDE OIL

Technical Analysis
Technical Analysis

TRADE SUGGESTION- BUY AT 40.57, TAKE PROFIT AT 41.43AND STOP AT 40.19

RIPPLE MINI

Technical Analysis
Technical Analysis

TRADE SUGGESTION- SELL AT 0.2279 , TAKE PROFIT AT 0.223205AND STOP AT 0.231585