Daily Trading Analysis 11.03.2021

Technical & Fundamental analysis

Trading Analysis of EUR/USD Eurozone: the key indicator for long-term inflation expectations reached a 21-month high. The key indicator for long-term inflation expectations in the euro area exceeded 1.40% for the first time since May 2019. The 5-year forward inflation swap rate, closely monitored by the ECB, was 1.405% (+2 basis points). The main catalyst for Friday's rise was a rise in Treasury yields, accompanied by a speech by Fed Chief Powell, which once again lifted global yields. This is an encouraging sign for the ECB given the fact that the central bank has not been able to raise the inflation rate to the target of 2% for many years. Our Analysis: Provided that the currency pair is traded above 1.1900, follow the recommendations below: Time frame: 30 min Recommendation: long position Entry point: 1.1929 Take Profit 1: 1.1945 Take Profit 2: 1.1965 Alternative scenario: In case of breakdown of the level 1.1900, follow the recommendations below: Time frame: 30 min Recommendation: short position Entry point: 1.1900 Take Profit 1: 1.1885 Take Profit 2: 1.1870 Learn More Trading Analysis of Dow Jones 30 Index The Dow Jones Industrial Average gained 464.28 points (1.46%) to 32297.02 by closing the trading session. The U.S. House of Representatives approved the $1.9 trillion economic stimulus package, offered by U.S. President Joe Biden, which was positive news for the market. Biden is expected to sign the bill on Friday. The Senate approved the stimulus package over the weekend, making some changes to the House draft. Statistics released Wednesday showed that U.S. inflation accelerated to 1.7% in February, the highest in a year. Meanwhile, the figures matched experts' expectations, easing fears of accelerating inflation. Our Analysis: Provided that the index is traded above 32065.00, follow the recommendations below: Time frame: H4 Recommendation: long position Entry point: 32297.00 Take Profit 1: 32750.00 Take Profit 2: 32990.00 Alternative scenario: In case of breakdown of the level 32065.00, follow the recommendations below: Time frame: H4 Recommendation: short position Entry point: 32065.00 Take Profit 1: 31790.00 Take Profit 2: 31550.00 Learn More Fundamental Trading Analysis of General Electric It's no secret that all of the investment ideas associated with General Electric are based on and dependent on the evolution in three of its four industrial segments-the healthcare segment is doing well. It goes without saying that every business should be focused on favorable end markets, but given the growing or even just stable market environment, can GE segments really benefit from this? Let's try to figure it out. Our Analysis: While the price is above 12.20, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 13.36 Take Profit 1: 14.80 Take Profit 2: 15.40 Alternative scenario: If the level 12.20 is broken-down, follow the recommendations below. Time frame: D1 Recommendation: short position Entry point: 12.20 Take Profit 1: 11.40 Take Profit 2: 10.90 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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