Daily Trading Analysis 11.01.2021

Technical & Fundamental analysis

Trading Analysis of EUR/USD Jens Weidmann, a member of the ECB's Governing Council and head of the Bundesbank, said on Thursday that the ECB should ensure that emergency instruments are not used all the time. It is not the first time Weidmann has expressed concern about the ECB's emergency instruments. Back in December, he said the ECB's latest round of bond purchases risked weakening the market's ability to discipline governments. "We have to be careful. Emergency monetary policy measures should not be used all the time," Weidmann said. - Once the crisis is over, their use should be reduced." Our Analysis: Provided that the currency pair is traded below 1.2225, follow the recommendations below: Time frame: 30 min Recommendation: short position Entry point: 1.2178 Take Profit 1: 1.2160 Take Profit 2: 1.2135 Alternative scenario: In case of breakout of the level 1.2225, follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 1.2225 Take Profit 1: 1.2255 Take Profit 2: 1.2285 Learn More Trading Analysis of S&P 500 Index U.S. stock indices jumped to record highs in trading on Friday, ending the first working week of 2021 on the upside. Investors virtually ignored the political tensions in Washington in recent days, focusing on the prospects of an increase in stimulus by U.S. President-elect Joe Biden's administration. The S&P 500 index rose 20.89 points (0.55%) to 3,824.68 points. Our Analysis: Provided that the index is traded above 3781.50, follow the recommendations below: Time frame: H4 Recommendation: long position Entry point: 3805.00 Take Profit 1: 3850.00 Take Profit 2: 4000.00 Alternative scenario: In case of breakdown of the level 3781.50, follow the recommendations below: Time frame: H4 Recommendation: short position Entry point: 3781.50 Take Profit 1: 3689.50 Take Profit 2: 3610.00 Learn More Fundamental Trading Analysis of Microsoft  It's hard not to notice that Microsoft is feeling great under CEO Satya Nadella. The stock has risen almost 500% after Nadella took the lead from Steve Ballmer back in 2014, far exceeding the S&P 500's 110% return over the same period. Our Analysis: While the price is above 208.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 219.33 Take Profit 1: 232.90 Take Profit 2: 243.00 Alternative scenario: If the level 208.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 208.00 Take Profit 1: 196.30 Take Profit 2: 183.00 Learn More ‌ ‌ ‌ ‌ ‌ Risk Warning: Forex and CFD trading carry a high degree of risk. As such they may not be suitable for all investors. Investors should ensure they fully understand the risks associated with CFD trading before deciding to trade. Investors may choose to seek independent advice and should not risk more than they are prepared to lose.

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