Technical Analysis Report Today – 19 August 2021

Technical Analysis

Technical Analysis Report Today – 19 August 2021

Asia Pacific stocks were mostly down on Thursday morning. The Shanghai composite is down 0.48% at 3,469.06. Overall, the Singapore MSCI down 1.23% at 356.30. Over in Hong Kong, the Hang Seng Index down 1.50% at 25,371. In Japan, the Nikkei 225 down 1.20% at 27,270, while the Topix index is down 1.38% at 1896.5. South Korea’s Kospi down 1.88% to 3099.57. Australia S&P/ASX 200 down 0.49% at 7465.5.

European equities Wednesday closing. The DAX futures contract in Germany traded up 0.28% at 15965.97, CAC 40 futures down 0.73% at 6770.12 and the UK 100 futures contract in the U.K. down 0.16% at 7,169.33.

In U.S. on Wall Street, the Dow Jones Industrial Average closed down 1.08% at 34960.7. The S&P 500 down 1.07% to 4400.26 and the Nasdaq 100 down 0.44% at 14777.6, NYSE closes at 16550.34 down 0.94%.

In the Forex market, GBPUSD down 0.35% at 1.37057. The USDJPY up 0.23% at 110.011. The USDCHF up 0.17% at 0.91833. EURUSD down 0.29% at 1.16753, EUR/GBP up 0.13% at 0.85197. The USD/CNY up 0.21% at 6.4978, at the time of writing.

In the commodity market U.S. Gold futures down 0.57% at $1,777.11. Elsewhere, Silver futures down 1.35% to $23.189 per ounce, Platinum down 1.41% at $982.98 per ounce, and Palladium down 0.42% at $2,414.46.

Crude Oil down on Thursday; Brent crude oil down 0.50% at $67.14 per barrel while U.S. West Texas Intermediate (CLc1) is down 0.39% at $68.70.

In the Cryptocurrency Markets, BTCUSD at 44427.59 down 0.67%, Ethereum at 3000.00 down 0.47%, Litecoin at 166.11 down 0.61%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY:

Tesla Inc. up 3.497% at $688.99, Carnival Corp. up 1.996% at $22.48, Kroger Co. up 1.805% to $46.26, CME Group Inc. down 3.803% to $197.58, IHS Markit Ltd. down 3.595% to $115.57, S&P Global Inc. down 3.192% at $430.00.

Economic news:

US: The U.S. economy likely created 166,000 fewer jobs in the 12 months through March than previously estimated, the Labor Department’s Bureau of Labor Statistics said on Wednesday.

The reading is a preliminary estimate of the BLS’ annual “benchmark” revision to the closely watched payrolls data. The leisure and hospitality sector, which was hardest hit by the COVID-19 pandemic, accounted for the bulk of the revision, with employment growth revised down by 597,000 or 4.6%.

Leisure and hospitality employment is 1.7 million below its peak in February 2020, though the industry has led the labor market recovery from the pandemic.

“It is somewhat ambiguous what this means for future employment in this sector beyond March 2021,” said Daniel Silver, an economist at JPMorgan (NYSE:JPM) in New York.

“This could suggest that more jobs need to be added to return closer to pre-pandemic levels but also that the pandemic-related hit to that sector was more severe and or longer-lasting than previously reported.”

Eurozone: British house prices rose in June at the fastest annual rate since 2004 as the market surged ahead of a phasing out of a tax break on property purchases, official data showed on Wednesday.

House prices were 13.2% higher than in June 2020, the Office for National Statistics said, following a 9.8% annual increase in May.

Finance minister Rishi Sunak cut stamp duty, a tax on house purchases, in July 2020. But from last month it started to return to its pre-pandemic level.

The tax cut aimed to reverse a slump in property sales at the start of the pandemic, and helped fuel a surge in property prices and some new construction. Many households were already seeking more spacious housing suited to working from home.

“Prices went berserk as the stamp duty taper closed in,” said Lucy Pendleton from London-based estate agent James Pendleton.

Important Data: US Initial Jobless Claims today at 8:30 this time estimated 363K, previously which was 375K. RUSSIA Central Bank reserves (USD) today at 9:00, previously which was 599.3B. RUSSIA Unemployment Rate (Jul) today at 12:30 this time estimated 4.7%, previously which was 4.8%. JAPAN National Core CPI (YoY) (Jul) today at 19:30 this time estimated -0.4%, previously which was -0.5%.

TECHNICAL SUMMARY

GBPUSD

Technical Analysis
Technical Analysis

TRADE SUGGESTION- SELL AT 1.36990, TAKE PROFIT AT 1.36863 AND STOP LOSS AT 1.37211

EURUSD

Technical Analysis
Technical Analysis

TRADE SUGGESTION- SELL AT 1.16727, TAKE PROFIT AT 1.16663 AND STOP LOSS AT 1.16799

EURGBP

Technical Analysis
Technical Analysis

TRADE SUGGESTION- BUY AT 0.85170, TAKE PROFIT AT 0.85315 AND STOP LOSS AT 0.85010

EURJPY

Technical Analysis
Technical Analysis

TRADE SUGGESTION- SELL AT 128.257, TAKE PROFIT AT 127.840 AND STOP LOSS AT 128.515

DJ EURO STOXX 50

Technical Analysis
Technical Analysis

TRADE SUGGESTION- SELL AT 4116 TAKE PROFIT AT 4069 AND STOP LOSS AT 4146

WTI CRUDE OIL

Technical Analysis
Technical Analysis

TRADE SUGGESTION- SELL AT 63.34 TAKE PROFIT AT 62.49 AND STOP LOSS AT 64.41

GOLD

Technical Analysis
Technical Analysis

TRADE SUGGESTION- SELL AT 1779.95, TAKE PROFIT AT 1774.17 AND STOP AT 1784.87

ETHEREUM

Technical Analysis
Technical Analysis

TRADE SUGGESTION- BUY AT 2978.21 TAKE PROFIT AT 3048.07 AND STOP AT 2885.23

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