Daily Market Analysis

Asia-Pac stocks traded higher as regional bourses took their cues from the fresh all-time highs on Wall Street.

The 200-period MA just above 1.3650 supported GBP/USD. The pair formed a higher low on the H1.

President Joe Biden is expected to sign a new “Buy American” order, underlining the essential continuity of US trade policy despite the radical change of tone expected from Donald Trump’s administration.

AUD/USD has formed a ‘harami’ on the D1 and a higher low on the H4. The pair will likely go up to test the resistance line that connects January highs.

This Thursday, at 22:00 MT time, IBM reports Q4’2020 performance. What is there to expect? Read and trade it!

Have you seen the price of Mastercard plunge? An excellent tactical opportunity for bulls!

Asian equity markets mostly lacked firm direction as bourses took their cue from the rangebound session in the US where tech losses were offset by cyclicals.

The dollar was down on Wednesday morning in Asia, despite caution over the new B.1.1.7 strain of the COVID-19 virus pushing investors turn toward safe-haven assets.

The Moderna price share lost a big chunk of its recent gains. Is that it?

The price of Prizer stock bounced off the highs it recently reached on the vaccine euphoria. Is it bad? No, the opposite! A perfect tactical layout to buy.

US stocks are set to extend Monday’s losses when markets open later, as concern about the spread of lockdown measures to tackle the pandemic returns to haunt cyclical stocks.

Further bearish pressure will lead AUD/JPY to retest the previous lows of 77.00.