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Asian stocks rose on Wednesday, tracking modest Wall Street gains. The Shanghai composite is down 0.71% at 3,582.562. Overall, the Singapore MSCI up 0.31% at 340.40. Over in Hong Kong, the Hang Seng Index down 0.17% to 28,221. In Japan, the Nikkei 225 up 0.85% at 28,430, while the Topix index is up 0.35% at 1862.5. South Korea’s Kospi up 0.66% to 3147.24. Australia S&P/ASX 200 up 0.11% to 6686.6.

European equities Tuesday closing. The DAX futures contract in Germany traded 0.08% down at 13925.00, CAC 40 futures down 0.20% at 5651.0 and the UK 100 futures contract in the U.K. down 0.65% at 6,754.1.

In U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.19% at 31068.7 the S&P 500 up 0.04% to 3801.2 and the Nasdaq 100 up 0.27% at 12929.7, NYSE closes at 15010.28 up 0.48%.

In the Forex market, GBPUSD up 0.13% at 1.36795. The USDJPY down 0.07% at 103.671. The USDCHF down 0.01% at 0.88598. EURUSD up 0.03% at 1.22099, EUR/GBP down 0.06% at 0.89261. The USD/CNY down 0.10% at 6.4547, at the time of writing.

In the commodity market U.S. Gold futures up 0.19% at $1,858.11. Elsewhere, Silver futures down 0.06% to $25.522 per ounce, Platinum up 0.30% at $1076.71 per ounce, and Palladium down 0.46% to $2,390.00.

Crude Oil up on Wednesday; Brent crude oil up 0.99% to $57.24 barrel while U.S. West Texas Intermediate (CLc1) is up 0.84% at $52.54.

In the Cryptocurrency Markets, BTCUSD at 33352.84 down 2.09%, Ethereum at 1038.60 down 0.94%, Litecoin at 125.98 down 0.11%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY:

APACHE Corp. up 11.225% at $18.53, ETSY Inc. up 12.079% at $205.15, TECHNIP FMC PLC up 7.095% to $12.83, GEENRAL MOTORS up 6.243% to $47.82, WESTERN DIGITAL down 3.22% to $49.90, FINSERV Inc. down 3.346% at $111.20.

Economic news:

US: The U.S. economy will continue to require support from both monetary and fiscal policy as it recovers from the crisis caused by the pandemic and overcomes the challenges caused by a surge in infections, Cleveland Federal Reserve Bank President Loretta Mester said Tuesday.

“Both monetary and fiscal policy have supported the recovery in the U.S. thus far, and in my view, both will continue to be needed to limit lasting damage to the economy from the pandemic,” Mester said in remarks prepared for an event organized by the European Economic and Financial Centre.

The arrival of effective vaccinations and some stronger than expected improvements suggest the economy is more resilient than initially thought, Mester said.

Eurozone: Britain and the European Union will this week begin talks on a memorandum of understanding over financial services, Prime Minister Boris Johnson’s spokesman said on Tuesday, with the aim of securing an agreement by March.

Important Data: US Core CPI (MoM) (Dec) today at 8:30 this time estimate to be 0.1%, previously which was 0.2%. US Crude Oil Inventories today at 10:30 this time estimate to be -2.266M, previously which was -8.010M. AUSTRALIA Building Approvals (MoM) today at 19:30 this time estimate to be 2.6%, previously which was 3.8%. EUROZONE Industrial Production (MoM) (Nov) today at 5:00 this time estimate to be 0.2%, previously which was 2.1%.

TECHNICAL SUMMARY

GBPUSD

Technical Analysis
Technical Analysis

TRADE SUGGESTION- BUY AT 1.36735, TAKE PROFIT AT 1.37013 AND STOP AT 1.36141

EURUSD

Technical Analysis
Technical Analysis

TRADE SUGGESTION- BUY AT 1.22124, TAKE PROFIT AT 1.22311 AND STOP LOSS AT 1.21865

CHFJPY

Technical Analysis
Technical Analysis

TRADE SUGGESTION- BUY AT 117.039, TAKE PROFIT AT 117.205 AND STOP LOSS AT 116.810

AUDJPY

Technical Analysis
Technical Analysis

TRADE SUGGESTION- BUY AT 80.5220, TAKE PROFIT AT 80.7170 AND STOP AT 80.1513

FTSEMIB 40

Technical Analysis
Technical Analysis

TRADE SUGGESTION- BUY AT 22130 TAKE PROFIT AT 22355.24 AND STOP AT 21881.31

CRUDE OIL

Technical Analysis
Technical Analysis

TRADE SUGGESTION- BUY AT 53.71 TAKE PROFIT AT 54.54 AND STOP AT 52.73

GOLD

Technical Analysis
Technical Analysis

TRADE SUGGESTION- SELL AT 1860.00, TAKE PROFIT AT 1848.04 AND STOP AT 1869.02

BTCUSD

Technical Analysis
Technical Analysis

TRADE SUGGESTION- BUY AT 33953 TAKE PROFIT AT 34731.42 AND STOP AT 32371.95