Trade Idea
Good morning.
Yesterday’s US stocks rebounded sharply, with the Dow Jones Industrial Average closing at + 1.13%, the S & P 500 closing at + 1.29% and the Nasdaq Composite closing at + 1.25%. News reports of Apple’s plans to increase production boosted the market. It was reported that in the first half of 2021, the production plan for iPhone will be expanded by 30% from the previous year to a maximum of 96 million units.
In the foreign exchange market, expectations for a UK-EU trade negotiation agreement have risen, GBP has risen, and the GBPUSD has closed at around 1.346. EURUSD has been in the range 1.212 to 1.217, ending near 1.215.
EURUSD H1 (Please click the chart to enlarge.)
Market Environment
Yesterday’s currency strength
US market yesterday (last Friday)
DJIA: 30,199.31 (+337.76, +1.13%)
S&P 500: 3,694.62 (+47.13, +1.29%)
NASDAQ Composite:12,595.06 (+155.02, +1.25%)
NASDAQ 100: 12,595.92 (+133.71, +1.07%)
Russel 2000:1,959.76 (+45.91, +2.40%)
GOLD: 1,857.5 (+25.4)
OIL: 47.59 (+0.6)
US 10-YR: 0.911 (+0.02)
VIX: 22.89 (-1.83)
Asian market today
Nikkei: 26,800 (+12)
CME Dow future: 30,130~（-69 Dow）
Economic indicators in this week
GMT
07:00 (UK) CPI, PPI
08:15 (FR) Mfg, Non-mfg PMI
08:30 (GE) Mfg, Non-mfg PMI
09:00 (EU) Mfg, Non-mfg PMI
09:30 (UK) Mfg, Non-mfg PMI
13:30 (US) Retail sales
14:45 (US) Mfg, Non-mfg PMI
19:00 (US) FOMC policy interest
19:30 (US) Chairman Powel press conference
