Daily Market Report: April 28, 2021
Today’s events & figures – Trade what you know Financial markets feed into world events and are their direct consequence. Keep a daily eye on our roundup of the day’s news, numbers and announcements.
April 28, 2021
Markets Flat as Alphabet Smashes Earnings Expectations
US equities were mixed at the close on Tuesday, as gains in the Oil & Gas, Financials and Industrials sectors propelled shares higher while losses in the Utilities, Consumer Goods and Telecoms sectors held shares back from gains. At the close in NYSE, the Dow Jones Industrial Average rose 0.01%, while the S&P 500 index fell 0.02%, and the NASDAQ Composite index declined by 0.34%.
The Nasdaq 100 RSI is mixed to bullish.
Long positions above 13,920.00, with targets at 14,050.00 & 14,150.00 in extension.
Below 13,920.00, look for further downside with 13,845.00 & 13,715.00 as targets.
The USD/CAD exchange rate faced resistance near 1.2425 and is trying to settle below the support at 1.2400.
The RSI calls for a rebound.
Long positions above 1.2380, with targets at 1.2430 & 1.2450 in extension.
Below 1.2380, look for further downside with 1.2360 & 1.2340 as targets.
Gold closes fractionally lower as market participants await Fed’s decision on interest rate outlook.
The RSI is mixed to bullish.
Long positions above 1,768.00, with targets at 1,785.00 & 1,789.00 in extension.
Below 1,768.00, look for further downside with 1,764.00 & 1,760.00 as targets.
New York-traded West Texas Intermediate, the benchmark for US crude, was up 43 cents, or 0.7%, at $62.34 by 11:10 AM ET, before rising to a session high near 63.30.
The RSI shows upside momentum.
Long positions above 62.40, with targets at 63.40 & 63.90 in extension.
Below 62.40, look for further downside with 62.05 & 61.75 as targets.
Morgan Stanley’s latest EUR/USD exchange rate forecast highlights the upside risk to the EUR/USD price despite being neutral on the Euro.
The RSI calls for a new up leg.
Long positions above 1.2070, with targets at 1.2115 & 1.2130 in extension.
Below 1.2070, look for further downside with 1.2055 & 1.2040 as targets.
The GBP/USD currency pair bottomed for the day at 1.3858 but trimmed intraday losses and ended the day with modest gains in the 1.3900 price zone.
The RSI is mixed with a bullish bias.
Long positions above 1.3880, with targets at 1.3930 & 1.3950 in extension.
Below 1.3880, look for further downside with 1.3860 & 1.3840 as targets.
Customer Notice: The charts are provided by Trading Central, which is a respected third party research provider. The information provided should not be considered as trading or investment advice. Trade360 provides Trading Central chart analysis to support clients in their trading decisions, which should be independently evaluated. The recipient acknowledges that he is solely responsible for his decisions. The analysis offered reflects the views of Trading Central and are subject to change at any time. Past performance of a financial asset is not a reliable indicator of its future performance. Trade360 cannot be held liable for any information provided by Trading Central. Trade360 makes no representation and assumes no liability as to the accuracy or completeness of the information provided nor any loss arising from any investment based on this material, forecast or other information supplied by an employee of Trade360, a third party or otherwise.
Trade with a Licenced Broker
Licenced by CySEC
Our EU client portal, operated by CrowdTech Ltd. under CySEC Regulation, license number 202/13.
Licenced by ASIC
Our Australian client portal, operated by Sirius Financial Markets Pty Ltd. under ASIC regulation, license number 439907.
Our global client portal, operated by ST Services Ltd.