TECHNICAL ANALYSIS REPORT TODAY

TECHNICAL ANALYSIS REPORT TODAY – 25 AUGUST 2021

- August 25, 2021

Asian shares held onto their recent gains on Wednesday. The Shanghai composite is up 0.41% at 3,528.82. Overall, the Singapore MSCI up 0.21% at 357.75. Over in Hong Kong, the Hang Seng Index up 0.07% at 25,655. In Japan, the Nikkei 225 flat at 27,740, while the Topix index is up 0.03% at 1936.0. South Korea’s Kospi up 0.18% to 3144.07. Australia S&P/ASX 200 up 0.22% at 7519.6.

European equities Tuesday closing. The DAX futures contract in Germany traded up 0.33% at 15905.85, CAC 40 futures down 0.28% at 6664.32 and the UK 100 futures contract in the U.K. up 0.24% at 7,125.79.

In U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.09% at 35366.27. The S&P 500 up 0.15% to 4486.22 and the Nasdaq 100 flat at 15367.40, NYSE closes at 16741.16 up 0.56%.

In the Forex market, GBPUSD down 0.07% at 1.37176. The USDJPY up 0.10% at 109.731. The USDCHF up 0.18% at 0.91417. EURUSD down 0.10% at 1.1742, EUR/GBP flat at 0.85596. The USD/CNY up 0.08% at 6.4759, at the time of writing.

In the commodity market U.S. Gold futures down 0.35% at $1,795.61. Elsewhere, Silver futures down 0.39% to $23.720 per ounce, Platinum down 1.68% at $994.50 per ounce, and Palladium down 1.68% at $2,431.50.

Crude Oil mix on Wednesday; Brent crude oil down 0.20% at $71.00 per barrel while U.S. West Texas Intermediate (CLc1) is up 0.26% at $68.75.

In the Cryptocurrency Markets, BTCUSD at 48404.57 up 1.41%, Ethereum at 3208.23 up 1.02%, Litecoin at 177.60 up 2.25%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY:

Booking Holdings Inc. up 4.482% at $2233.11, Carnival Corp. up 4.424% at $23.84,

Nov Inc. up 4.372% to $13.13, Moderna Inc. down 4.115 to $394.94, Pfizer Inc. down 3.104% to $48.38, Kroger Co. down 2.118% at $45.75.

Economic news:

US: The Biden administration said on Tuesday it would take steps to restart the federal oil and gas leasing program in the next week and plans to hold a Gulf of Mexico auction as soon as October, court papers showed.

The move comes two months after the U.S Interior Department first said it would comply with a June 15 federal judge’s order blocking its months-long pause in oil and gas leasing on federal lands and waters.

That order was a blow to a key White House effort to address climate change by reining in fossil fuel extraction.

U.S. President Joe Biden paused the oil and gas leasing program in January, pending an analysis of its impacts on the environment and value to taxpayers. Interior said in a statement that it is still conducting that review.

The filing to a Louisiana federal district court on Tuesday was in response to a motion by the state of Louisiana and 12 other states from earlier this month that sought to compel Interior to restart the leasing program and to show why it should not be held in contempt for failing to comply with the order issued weeks earlier.

Eurozone: The number of homes sold in the United Kingdom fell by more than half last month after the scaling-back of a tax break designed to encourage home purchases during the coronavirus crisis, official data showed on Tuesday.

Britain’s tax office said 73,740 homes were sold in July on a seasonally adjusted basis – 63% fewer than in June when buyers had rushed to complete sales before a COVID emergency tax break was reduced – although 4% more than in July 2020.

Sales were down 24% compared with the same month in 2019, before the pandemic.

British finance minister Rishi Sunak last year temporarily scrapped the stamp duty tax on the first 500,000 pounds ($685,550) of property purchases in England and Northern Ireland.

That full exemption expired at the end of June but buyers in England and Northern Ireland will benefit from a 250,000 pound exemption until the end of September.

Important Data: US Core Durable Goods Orders (MoM) (Jul) today at 8:30 this time estimated 0.5%, previously which was 0.3%. US Crude Oil Inventories today at 10:30 this time estimated -2.683M, previously which was -3.234M. AUSTRALIA Private New Capital Expenditure (QoQ) (Q2) today at 21:30 this time estimated 2.5%, previously which was 6.3%. JAPAN Foreign Bonds Buying today at 19:50 previously which was 661.8B.

TECHNICAL SUMMARY

GBPUSD