JamesThatcher and CSFX thread

TECHNICAL ANALYSIS REPORT TODAY – 03 JUNE 2021
Asia Pacific stocks were mostly up Thursday morning. The Shanghai composite is down 0.06% at 3,593.55. Overall, the Singapore MSCI up 0.25% at 359.65. Over in Hong Kong, the Hang Seng Index down 0.39% to 29,012. In Japan, the Nikkei 225 up 0.48% at 29,070, while the Topix index is up 0.93% at 1958.5. South Korea’s Kospi up 0.84% to 3251.39. Australia S&P/ASX 200 up 0.58% at 7260.0.

European equities Wednesday closing. The DAX futures contract in Germany traded 0.23% up at 15602.71, CAC 40 futures up 0.49% at 6521.33 and the UK 100 futures contract in the U.K. up 0.39% at 7,108.01.

In U.S. on Wall Street, the Dow Jones Industrial Average closed flat at 34600.38 the S&P 500 down 0.14% to 4208.11 and the Nasdaq 100 up 0.07% at 13691.5, NYSE closes at 16673.96 up 0.18%.

In the Forex market, GBPUSD down 0.13% at 1.41495. The USDJPY up 0.25% at 109.795. The USDCHF up 0.18% at 0.89929. EURUSD down 0.14% at 1.2195, EUR/GBP up 0.02% at 0.86157. The USD/CNY up 0.16% at 6.3908, at the time of writing.

In the commodity market U.S. Gold futures down 0.56% at $1,897.31. Elsewhere, Silver futures down 1.01% to $27.845per ounce, Platinum down 0.53% at $1184.81 per ounce, and Palladium down 0.16% to $2,852.00.

Crude Oil up on Thursday; Brent crude oil up 0.80% to $71.76 barrel while U.S. West Texas Intermediate (CLc1) is up 1.34% at $68.74.

In the Cryptocurrency Markets, BTCUSD at 38727.34 up 3.06%, Ethereum at 2810.35 up 3.79%, Litecoin at 191.52 up 2.29%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY:


Top 5 Stock
ETSY Inc. up 7.146% at $175.14, INVESCO Ltd. up 4.744% at $28.48, EBAY Inc. up 3.324% to $63.41, TESLA Inc. down 3.01% to $605.12, MODERNA Inc. up 3.758% to $191.60, BAIDU Inc. down 1.967% at $197.85.

Economic news:

US: The G7 wealthy democracies are expected to endorse Washington’s proposal for an ambitious global corporate minimum tax when their leaders meet later this week in Britain, a U.S. Treasury official said on Wednesday.

The official said in an emailed statement that the Treasury expects the meetings of the Group of Seven finance ministers on Friday and Saturday in London to provide momentum for advancing global corporate tax negotiations toward a broader G20 finance meeting in July in Italy.

A full endorsement is expected at the culmination of the G7 meetings with the leaders’ summit, the official added.

The U.S. Treasury in May proposed a global minimum corporate tax of at least 15% to try to end a downward spiral of corporate tax rates and deter multinational firms from shifting profits to tax-haven countries.

The proposed minimum is lower than the Biden administration’s own proposals to raise the domestic corporate tax rate to 28% and impose a 21% minimum levy on overseas profits earned by U.S. companies.

Eurozone: The European Central Bank will not change the total size of its asset purchase programme at its June 10 meeting but will start tapering its pandemic purchases later this year, according to a Reuters poll which also showed inflation risks to the upside.

With an economic recovery underway and price pressures rising, calls for winding down the emergency purchases have increased in recent weeks. But several ECB members have said a decision to reduce purchases at the June 10 policy meeting was unlikely.

Nearly 90% of economists, or 34 of 39, in response to an additional question in the May 28-June 2 Reuters poll said the ECB would leave the 1.85 trillion euros worth of asset buys under its Pandemic Emergency Purchase Programme (PEPP) unchanged at its June meeting.

“As the recovery starts to gather speed, the ECB continues to walk a fine line between preserving favourable financial conditions and starting to unwind some of the emergency support measures unveiled during the pandemic,” said Angel Talavera, head of Europe economics at Oxford Economics.

Important Data: UK Composite PMI (May) today at 4:30 this time estimated 62.0, previously which was 62.0. US ADP Nonfarm Employment Change (May) today at 8:15 this time estimated 650K, previously which was 742K. AUSTRALIA Home Loans (MoM) today at 21:30 previously which was 3.3%. JAPAN Household Spending (MoM) (Apr) today at 19:30 this time estimated -2.2%, previously which was 7.2%.

TECHNICAL SUMMARY

GBPUSD



TRADE SUGGESTION- BUY AT 1.41496, TAKE PROFIT AT 1.41502 AND STOP LOSS AT 1.41490

EURUSD



TRADE SUGGESTION- BUY AT 1.21840, TAKE PROFIT AT 1.22 AND STOP LOSS AT 1.21762

USDJPY



TRADE SUGGESTION- BUY AT 109.751, TAKE PROFIT AT 109.934 AND STOP LOSS AT 109.674

USDCHF



TRADE SUGGESTION- BUY AT 0.8999, TAKE PROFIT AT 0.90175 AND STOP LOSS AT 0.89845

DJ EURO STOXX 50



TRADE SUGGESTION- BUY AT 4078 TAKE PROFIT AT 4096 AND STOP LOSS AT 4075

WTI CRUDE OIL



TRADE SUGGESTION- BUY AT 69.08 TAKE PROFIT AT 69.35 AND STOP LOSS AT 69.00

GOLD



TRADE SUGGESTION- BUY AT 1897.35, TAKE PROFIT AT 1900.05 AND STOP AT 1894.25

LITECOIN USD



TRADE SUGGESTION- BUY AT 191.763 TAKE PROFIT AT 198.41 AND STOP AT 185.18

 

TECHNICAL ANALYSIS REPORT TODAY – 04 JUNE 2021
Asia Pacific stocks were mostly down Friday morning. The Shanghai composite is up 0.34% at 3,596.52. Overall, the Singapore MSCI down 0.47% at 357.55. Over in Hong Kong, the Hang Seng Index down 0.15% to 28,817. In Japan, the Nikkei 225 down 0.38% at 28,960, while the Topix index is down 0.13% at 1956.5. South Korea’s Kospi down 0.27% to 3237.40. Australia S&P/ASX 200 up 0.49% at 7295.9.

European equities Thursday closing. The DAX futures contract in Germany traded 0.19% up at 15632.67, CAC 40 futures down 0.21% at 6507.93 and the UK 100 futures contract in the U.K. down 0.61% at 7,064.36.

In U.S. on Wall Street, the Dow Jones Industrial Average closed flat at 34577.04 the S&P 500 down 0.36% to 4192.86 and the Nasdaq 100 down 0.19% at 13504.9, NYSE closes at 16632.33 down 0.25%.

In the Forex market, GBPUSD down 0.11% at 1.40854. The USDJPY up 0.01% at 110.262. The USDCHF up 0.17% at 0.90493. EURUSD down 0.15% at 1.21079, EUR/GBP flat at 0.85942. The USD/CNY up 0.05% at 6.4071, at the time of writing.

In the commodity market U.S. Gold futures down 0.12% at $1,869.11. Elsewhere, Silver futures down 0.28% to $27.337 per ounce, Platinum down 0.86% at $1151.00 per ounce, and Palladium down 0.65% to $2,818.00.

Crude Oil mix on Friday; Brent crude oil up 0.24% to $71.36 barrel while U.S. West Texas Intermediate (CLc1) is down 0.03% at $68.81.

In the Cryptocurrency Markets, BTCUSD at 36902.04 down 5.91%, Ethereum at 2670.33 down 6.51%, Litecoin at 176.63 down 8.46%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY:


Top 5 Stock
FORD MOTOR Co. up 7.244% at $15.99, GENERAL MOTOR Co. up 6.387% at $63.46, ETSY Inc. down 5.367% to $165.74, TESLA Inc. down 5.335% to $572.84, BIOGEN Inc. up 1.188% to $272.55, EBAY Inc. up 1.041% at $64.07.

Economic news:

US: U.S. job growth likely accelerated in May as vaccinations eased the pandemic’s grip on the economy, but companies faced difficulties hiring, with millions of unemployed Americans at home because of childcare problems and generous unemployment checks, leaving open the chance for another letdown in job creation.

The Labor Department’s closely watched employment report on Friday could offer assurance that the recovery from the pandemic recession was on track after worker shortages also blamed on lingering fears over COVID-19 sharply restrained employment growth in April, which delivered roughly a quarter of the new jobs economists had forecast.

Slower hiring stirred debate among some economists that growth was stagnating at a time when inflation was rising.

“With the reopening of the economy, we should be seeing very strong job growth,” said Ryan Sweet, a senior economist at Moody’s (NYSE:MCO) Analytics in West Chester, Pennsylvania. “The supply constraints are problematic, but it doesn’t mean that’s going to prevent the economy from continuing to recover. The U.S. is not experiencing stagflation and it won’t over the next few years.”

According to a Reuters survey of economists, nonfarm payrolls likely increased by 650,000 jobs last month after rising only 266,000 in April. That would leave employment about 7.6 million jobs below its peak in February 2020.

Eurozone: British finance minister Rishi Sunak said he was very hopeful that a meeting of G7 finance ministers in London on Friday and Saturday would reach a concrete agreement on taxing large tech companies and other goals.

The gathering will be the first-time finance ministers from the United States, Japan, Germany, Britain, France, Italy and Canada will meet face-to-face since the start of the coronavirus pandemic.

“I’m determined we work together and unite to tackle the world’s most pressing economic challenges – and I’m hugely optimistic that we will deliver some concrete outcomes this weekend,” Sunak said in a statement late on Thursday.

The United States has proposed a global minimum corporate tax rate of at least 15% to stop multinational companies from benefiting from tax havens.

But Britain and other European countries want to ensure that increased tax revenue is paid where the businesses operate, not just where they declare profits.

Important Data: UK Construction PMI (May) today at 4:30 this time estimated 62.3, previously which was 61.6. US Nonfarm Payrolls (May) today at 8:30 this time estimated 650K, previously which was 266K. CANADA Employment Change (May) today at 21:30 this time estimated -20K, previously which was -207.1K. RUSSIA GDP Monthly (YoY) (Apr) today at 19:28 previously which was 0.5%.

TECHNICAL SUMMARY

GBPUSD



TRADE SUGGESTION- SELL AT 1.40901, TAKE PROFIT AT 1.40722 AND STOP LOSS AT 1.41061

EURUSD



TRADE SUGGESTION- SELL AT 1.21017, TAKE PROFIT AT 1.20855 AND STOP LOSS AT 1.21222

EURGBP



TRADE SUGGESTION- SELL AT 0.85881, TAKE PROFIT AT 0.85784 AND STOP LOSS AT 0.85995

EURJPY



TRADE SUGGESTION- BUY AT 133.464, TAKE PROFIT AT 133.496 AND STOP LOSS AT 133.456

FTSE 100



TRADE SUGGESTION- BUY AT 7061.6 TAKE PROFIT AT 7090 AND STOP LOSS AT 7037.9

WTI CRUDE OIL



TRADE SUGGESTION- BUY AT 68.89 TAKE PROFIT AT 69.18 AND STOP LOSS AT 68.66

GOLD



TRADE SUGGESTION- SELL AT 1872.87, TAKE PROFIT AT 1864.63 AND STOP AT 1879.53

BTC USD



TRADE SUGGESTION- SELL AT 36636.62 TAKE PROFIT AT 35829.32 AND STOP AT 37244.99

 

TECHNICAL ANALYSIS REPORT TODAY – 07 JUNE 2021
Asian shares turned sluggish on Monday. The Shanghai composite is down 0.05% at 3,589.65. Overall, the Singapore MSCI up 1.13% at 361.00. Over in Hong Kong, the Hang Seng Index down 0.45% to 28,677. In Japan, the Nikkei 225 up 0.37% at 29,040, while the Topix index is up 0.33% at 1960.5. South Korea’s Kospi up 0.28% to 3248.74. Australia S&P/ASX 200 down 0.08% at 7289.7.

European equities Friday closing. The DAX futures contract in Germany traded 0.39% up at 15692.90, CAC 40 futures up 0.12% at 6515.67 and the UK 100 futures contract in the U.K. down 0.11% at 7,070.40.

In U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.01% at 34756.40 the S&P 500 up 0.88% to 4229.88 and the Nasdaq 100 up 1.78% at 13770.77, NYSE closes at 16708.74 up 0.46%.

In the Forex market, GBPUSD down 0.06% at 1.41424. The USDJPY up 0.01% at 109.494. The USDCHF up 0.04% at 0.89938. EURUSD down 0.04% at 1.21621, EUR/GBP up 0.18% at 0.85995. The USD/CNY up 0.10% at 6.4010, at the time of writing.

In the commodity market U.S. Gold futures down 0.23% at $1,885.89. Elsewhere, Silver futures down 0.76% to $27.579 per ounce, Platinum up 0.43% at $1166.87 per ounce, and Palladium down 0.21% to $2,839.03.

Crude Oil mix on Monday; Brent crude oil down 0.49% to $71.25 barrel while U.S. West Texas Intermediate (CLc1) is up 0.89% at $69.35.

In the Cryptocurrency Markets, BTCUSD at 36407.74 up 1.61%, Ethereum at 2791.38 up 2.98%, Litecoin at 180.14 up 2.25%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY:


Top 5 Stock
BIOGEN Inc. up 4.986% at $286.14, AUTO DESK Inc. up 3.756% at $284.78, TWITTER Inc. up 3.491% to $59.00, INTEL Corp. up 2.009% to $57.37, 3M Co. up 1.169% to $206.05, TESLA Inc. up 4.575% at $599.05.

Economic news:

US: U.S. Treasury Secretary Janet Yellen said that President Joe Biden’s $4 trillion spending plan would be good for the U.S., even if it contributes to rising inflation and results in higher interest rates, Bloomberg News reported.

“If we ended up with a slightly higher interest rate environment it would actually be a plus for society’s point of view and the Fed’s point of view,” Yellen said in an interview with the outlet on Sunday.

“We’ve been fighting inflation that’s too low and interest rates that are too low now for a decade,” the report quoted Yellen as saying.

“We want them to go back to” a normal interest rate environment, “and if this helps a little bit to alleviate things then that’s not a bad thing- that’s a good thing,” Yellen added.

Eurozone: Britain is enjoying a strong economic bounce-back as COVID restrictions lift, though pubs and restaurants are recovering faster than town-centre retail, Bank of England Deputy Governor Jon Cunliffe said on Friday.

“What we’re seeing is a strong bounce back of activity,” Cunliffe told BBC Radio Suffolk after speaking to businesses in that region of eastern England.

“People have accumulated a lot of savings, they’re going out and they’re spending, particularly in those areas we couldn’t go out in the last year or so,” he added

Important Data: JAPAN GDP (QoQ) (Q1) today at 19:50 this time estimated -1.2%, previously which was 2.8%. RUSSIA CPI (MoM) (May) today at 12:00 this time estimated 0.6%, previously which was 0.6%. UK BRC Retail Sales Monitor (YoY) (May) today at 19:01 previously which was 39.6%. US Consumer Credit (Apr) today at 15:00 this time estimated 21B, previously which was 25.84B.

TECHNICAL SUMMARY

GBPUSD



TRADE SUGGESTION- SELL AT 1.41208, TAKE PROFIT AT 1.40961 AND STOP LOSS AT 1.41492

EURUSD



TRADE SUGGESTION- SELL AT 1.21566, TAKE PROFIT AT 1.21466 AND STOP LOSS AT 1.21707

USDJPY



TRADE SUGGESTION- BUY AT 109.487, TAKE PROFIT AT 109.718 AND STOP LOSS AT 109.312

USDCHF



TRADE SUGGESTION- SELL AT 0.89965, TAKE PROFIT AT 0.89798 AND STOP LOSS AT 0.90114

DOW JONES



TRADE SUGGESTION- BUY AT 34715 TAKE PROFIT AT 34811 AND STOP LOSS AT 34657

WTI CRUDE OIL



TRADE SUGGESTION- BUY AT 69.08 TAKE PROFIT AT 69.31 AND STOP LOSS AT 69.01

GOLD



TRADE SUGGESTION- SELL AT 1883.40, TAKE PROFIT AT 1872.77 AND STOP AT 1889.33

ETHEREUM



TRADE SUGGESTION- BUY AT 2764.82 TAKE PROFIT AT 2810.57 AND STOP AT 2705.80

 

TECHNICAL ANALYSIS REPORT TODAY – 08 JUNE 2021
Asia Pacific stocks were mixed Tuesday morning. The Shanghai composite is down 0.88% at 3,567.70. Overall, the Singapore MSCI up 0.24% at 361.55. Over in Hong Kong, the Hang Seng Index down 0.38% to 28,635. In Japan, the Nikkei 225 up 0.03% at 29,040, while the Topix index is up 0.21% at 1964.0. South Korea’s Kospi down 0.11% to 3248.65. Australia S&P/ASX 200 up 0.19% at 7297.7.

European equities Monday closing. The DAX futures contract in Germany traded 0.10% down at 15677.15, CAC 40 futures up 0.43% at 6543.57 and the UK 100 futures contract in the U.K. up 0.03% at 7,082.10.

In U.S. on Wall Street, the Dow Jones Industrial Average closed flat at 34630.24 the S&P 500 down 0.08% to 4226.53 and the Nasdaq 100 up 0.06% at 13832.60, NYSE closes at 16685.14 down 0.14%.

In the Forex market, GBPUSD down 0.13% at 1.41570. The USDJPY up 0.17% at 109.429. The USDCHF up 0.03% at 0.89768. EURUSD down 0.04% at 1.21840, EUR/GBP up 0.15% at 0.86052. The USD/CNY down 0.07% at 6.3918, at the time of writing.

In the commodity market U.S. Gold futures down 0.10% at $1,896.36. Elsewhere, Silver futures down 0.30% to $27.788 per ounce, Platinum down 0.37% at $1170.21 per ounce, and Palladium up 0.12% to $2,838.50.

Crude Oil down on Tuesday; Brent crude oil down 0.71% to $70.94 barrel while U.S. West Texas Intermediate (CLc1) is down 0.45% at $69.04.

In the Cryptocurrency Markets, BTCUSD at 32844.99 down 2.22%, Ethereum at 2498.44 down 3.66%, Litecoin at 157.10 down 3.07%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY:


Top 5 Stock
ETSY Inc. up 2.522% at $168.32, FACEBOOK up 1.886% at $336.58, DOCUSIGN Inc. up 3.314% to $240.97, SEAGEN Inc. up 3.85% to $154.01, MODERNA Inc. up 6.551% to $219.57, BAIDU Inc. down 2.109% at $188.92.

Economic news:

US: Several top U.S. Senate Republicans on Monday rejected Treasury Secretary Janet Yellen’s G7 deal to impose a global minimum corporate tax and allow more countries to tax big multinational firms, raising questions about the U.S. ability to implement a broader global agreement.

The opposition from Republicans may push President Joe Biden to attempt to use budget procedures to pass the initiatives with only Democratic votes.

It left lawyers and tax experts in Washington wondering whether it could get done without crafting a new international treaty, which requires approval by a two-thirds majority in the evenly split 100-member Senate.

“It’s wrong for the United States,” Republican Senator John Barrasso said of the tax deal struck on Saturday by finance ministers from the G7 wealthy democracies.

“I think it’s going to be anti-competitive, anti-U.S., harmful for us as we try to continue to grow the economy and certainly at a time when we’re coming out of a pandemic,” Barrasso, who chairs the Senate Republican Conference, told reporters at the U.S. Capitol.

Eurozone: British Prime Minister Boris Johnson told French President Emmanuel Macron on Monday that the United Kingdom and the European Union need to find a solution to the so-called Northern Irish Brexit protocol.

After the United Kingdom left the European Union’s orbit at the end of last year, checks were introduced on some goods moving from mainland Britain to Northern Ireland, which has a land border with EU member Ireland.

The checks triggered anger and a perception among pro-British unionists in Northern Ireland that the Brexit deal divides them from the rest of the United Kingdom.

Johnson, who had promised there would be unfettered trade between Northern Ireland and the rest of the United Kingdom, unilaterally extended a grace period on certain checks to minimise supply disruption, a move Brussels has said breached the Brexit divorce deal.

“On the Northern Ireland protocol, the Prime Minister stressed that both the UK and the EU have a responsibility to find solutions to address the issues with the Protocol,” a spokesman for Johnson said after the call between the leaders.

Important Data: EURO ZONE GDP (QoQ) (Q1) today at 5:00 this time estimated

-0.6%, previously which was -0.6%. US Imports today at 8:30 previously which was 274.48B. US Trade Balance (Apr) today at 8:30 this time estimated -69B, previously which was -74.4B. CANADA Trade Balance (Apr) today at 8:30 this time estimated -0.7B, previously which was -1.14B.

TECHNICAL SUMMARY

GBPUSD



TRADE SUGGESTION- BUY AT 1.41548, TAKE PROFIT AT 1.41790 AND STOP LOSS AT 1.41369

EURUSD



TRADE SUGGESTION- SELL AT 1.21773, TAKE PROFIT AT 1.21545 AND STOP LOSS AT 1.22011

EURGBP



TRADE SUGGESTION- SELL AT 0.85992, TAKE PROFIT AT 0.85794 AND STOP LOSS AT 0.86109

EURJPY



TRADE SUGGESTION- SELL AT 133.234, TAKE PROFIT AT 133.105 AND STOP LOSS AT 133.383

DJ EURO STOXX 50



TRADE SUGGESTION- BUY AT 4097 TAKE PROFIT AT 4104 AND STOP LOSS AT 4087

WTI CRUDE OIL



TRADE SUGGESTION- BUY AT 68.76 TAKE PROFIT AT 68.97 AND STOP LOSS AT 68.52

GOLD



TRADE SUGGESTION- BUY AT 1893.96, TAKE PROFIT AT 1902.17 AND STOP AT 1887.14

BTCUSD



TRADE SUGGESTION- SELL AT 33112.00 TAKE PROFIT AT 32394.44 AND STOP AT 33300.13

 

TECHNICAL ANALYSIS REPORT TODAY – 09 JUNE 2021
Asia Pacific stocks were mostly down Wednesday morning. The Shanghai composite is up 0.14% at 3,584.32. Overall, the Singapore MSCI down 0.48% at 359.20. Over in Hong Kong, the Hang Seng Index down 0.18% to 28,629. In Japan, the Nikkei 225 down 0.65% at 28,870, while the Topix index is down 0.48% at 1956.0. South Korea’s Kospi down 0.86% to 3220.04. Australia S&P/ASX 200 down 0.24% at 7275.4.

European equities Tuesday closing. The DAX futures contract in Germany traded 0.23% down at 15640.60, CAC 40 futures up 0.11% at 6551.02 and the UK 100 futures contract in the U.K. down 0.29% at 7,082.10.

In U.S. on Wall Street, the Dow Jones Industrial Average closed flat at 34599.83 the S&P 500 up 0.02% to 4227.25 and the Nasdaq 100 flat at 13813.00, NYSE closes at 16685.47 down 0.01%.

In the Forex market, GBPUSD up 0.03% at 1.41555. The USDJPY flat at 109.405. The USDCHF down 0.03% at 0.89645. EURUSD up 0.06% at 1.21805, EUR/GBP up 0.12% at 0.86042. The USD/CNY down 0.10% at 6.3939, at the time of writing.

In the commodity market U.S. Gold futures down 0.01% at $1,891.70. Elsewhere, Silver futures down 0.16% to $27.573per ounce, Platinum down 0.28% at $1158.73 per ounce, and Palladium down 0.30% to $2,800.50.

Crude Oil up on Wednesday; Brent crude oil up 0.64% to $72.50 barrel while U.S. West Texas Intermediate (CLc1) is up 0.71% at $69.53.

In the Cryptocurrency Markets, BTCUSD at 33758.02 up 1.10%, Ethereum at 2517.76 up 0.28%, Litecoin at 159.05 down 1.09%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY:


Top 5 Stock
GAP Inc. up 2.871% at $32.25, EQUINIX Inc. up 2.717% at $816.66, DISCOVERY Inc. down 3.841% to $30.04, KLA Corp. down 1.491% to $313.8, SPLUNK Inc. up 1.227% to $117.11, MODERNA Inc. down 2.992% at $213.00.

Economic news:

US: The United States will target China with a new “strike force” to combat unfair trade practices, the Biden administration said on Tuesday, as it rolled out findings of a review of access to critical products, from semiconductors to electric-vehicle batteries.

The “supply chain trade strike force,” led by the U.S. trade representative, is looking for specific violations that contributed to a hollowing out of supply chains that could be addressed with tariffs or other remedies, including toward China, White House senior director for international economics and competitiveness Peter Harrell told reporters.

Officials also said the Department of Commerce is considering initiating a Section 232 investigation into the national security impact of neodymium magnet imports used in motors and other industrial applications, which the United States largely obtains from China.

President Joe Biden ordered the review of critical supply chains in February, requiring executive agencies to report back within 100 days on risks to U.S. access to critical goods like those used in pharmaceuticals as well as rare earth minerals, for which the United States is dependent on overseas sources.

Eurozone: Britain will tell the European Union on Wednesday time is running out to find solutions to ease post-Brexit trade with Northern Ireland, saying any further legal action by the bloc would not “make life any easier” for people in the province.

Since completing its exit from the EU late last year, Britain’s relations with it have soured, with both sides accusing each other of acting in bad faith over part of their trade deal that covers goods movements to Northern Ireland.

British Brexit minister David Frost will meet European Commission Vice President Maros Sefcovic in London to try to resolve the differences over the Northern Ireland protocol, but so far months of talks have done little to break the deadlock.

Brussels accuses London of breaking the agreement by failing to implement checks on some goods moving from Britain to its province of Northern Ireland, and has started legal action over the British government’s unilateral extension of a grace period.

London says it has no choice because some of the checks hamper supplies to Northern Irish supermarkets. It points to rising tensions among pro-British unionists in the province.

Important Data: CANADA BoC Interest Rate Decision today at 10:00 this time estimated 0.25%, previously which was 0.25%. US Crude Oil Inventories today at 10:30 this time estimated -2.036M, previously which was -5.080B. UK RICS House Price Balance (May) today at 19:01 this time estimated 77%, previously which was 75%. AUSTRALIA HIA New Home Sales (MoM) today at 20:00 previously which was -54.4%.

TECHNICAL SUMMARY

GBPUSD



TRADE SUGGESTION- BUY AT 1.41725, TAKE PROFIT AT 1.41955 AND STOP LOSS AT 1.41460

EURUSD



TRADE SUGGESTION- SELL AT 1.21747, TAKE PROFIT AT 1.21663 AND STOP LOSS AT 1.21895

GBPJPY



TRADE SUGGESTION- BUY AT 155.086, TAKE PROFIT AT 155.247 AND STOP LOSS AT 154.821

CHFJPY



TRADE SUGGESTION- BUY AT 121.984, TAKE PROFIT AT 122.211 AND STOP LOSS AT 121.871

FTSE 100



TRADE SUGGESTION- BUY AT 7097.5 TAKE PROFIT AT 7111.9 AND STOP LOSS AT 7089.8

WTI CRUDE OIL



TRADE SUGGESTION- BUY AT 70.33 TAKE PROFIT AT 71.86 AND STOP LOSS AT 69.42

GOLD



TRADE SUGGESTION- BUY AT 1891.76, TAKE PROFIT AT 1901.39 AND STOP AT 1885.92

LITECOIN USD



TRADE SUGGESTION- SELL AT 160.39 TAKE PROFIT AT 146.21 AND STOP AT 169.56

 

TECHNICAL ANALYSIS REPORT TODAY – 10 JUNE 2021
Asia Pacific stocks were up Thursday morning. The Shanghai composite is up 0.45% at 3,607.52. Overall, the Singapore MSCI up 0.38% at 360.00. Over in Hong Kong, the Hang Seng Index up 0.07% to 28,732. In Japan, the Nikkei 225 up 0.42% at 28,960, while the Topix index is up 0.08% at 1956.0. South Korea’s Kospi up 0.36% to 3227.93. Australia S&P/ASX 200 up 0.50% at 7306.4.

European equities Wednesday closing. The DAX futures contract in Germany traded 0.38% down at 15581.14, CAC 40 futures up 0.19% at 6563.46 and the UK 100 futures contract in the U.K. up 0.23% at 7,097.30.

In U.S. on Wall Street, the Dow Jones Industrial Average closed flat at 34447.15 the S&P 500 down 0.18% to 4219.54 and the Nasdaq 100 up 0.05% at 13819.10, NYSE closes at 16620.00 down 0.39%.

In the Forex market, GBPUSD down 0.05% at 1.41053. The USDJPY down 0.03% at 109.558. The USDCHF up 0.05% at 0.89596. EURUSD down 0.11% at 1.21646, EUR/GBP down 0.06% at 0.86231. The USD/CNY down 0.05% at 6.3845, at the time of writing.

In the commodity market U.S. Gold futures down 0.27% at $1,883.51. Elsewhere, Silver futures down 0.41% to $27.637 per ounce, Platinum down 0.93% at $1139.97 per ounce, and Palladium up 0.16% to $2,776.90.

Crude Oil down on Thursday; Brent crude oil down 0.49% to $71.69 barrel while U.S. West Texas Intermediate (CLc1) is down 0.06% at $69.49.

In the Cryptocurrency Markets, BTCUSD at 36677.06 down 1.93%, Ethereum at 2529.79 down 3.15%, Litecoin at 168.35 down 1.87%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY:


Top 5 Stock
PFIZER Inc. up 2.471% at $39.81, BIOGEN Inc. up 2.926% at $406.94, FEDEX Corp. down 3.13% to $293.11, NETEASE Inc. down 2.57% to $110.32, NETFLIX Inc. down 1.336% to $485.81, APPLE Inc. up 0.308% at $127.13.

Economic news:

US: The number of Americans filing new claims for unemployment benefits likely fell last week to the lowest level in nearly 15 months, while consumer prices increased further in May as the pandemic’s easing grip on the economy continues to boost demand.

The Labor Department is likely to report on Thursday that initial claims for state unemployment benefits totalled a seasonally adjusted 370,000 for the week ended June 5, compared to 385,000 in the prior week, according to a Reuters survey of economists.

That would be the lowest since mid-March 2020 when the first wave of COVID-19 infections barrelled through the country, leading to closures of nonessential businesses, and mark the sixth straight weekly decline.

Layoffs are abating, with employers scrambling for labour as millions of unemployed Americans remain at home because of trouble securing child care, generous unemployment benefits and lingering fears of the virus even though vaccines are now widely accessible.

Eurozone: The European Central Bank is all but certain to maintain a generous flow of stimulus when policymakers meet on Thursday, fearing that higher borrowing costs could smother a still nascent recovery.

Just emerging from a pandemic-induced double-dip recession, the 19-country euro zone economy has relied on unprecedented ECB stimulus to stay afloat. And even as growth surges with the easing of COVID-19 restrictions, policymakers appear keen to err on the side of caution.

Recent comments from ECB President Christine Lagarde and board member Fabio Panetta suggest the June discussion effectively ended even before Thursday’s meeting, with a cut in bond purchases unlikely, even if policymakers acknowledge an improvement in growth prospects and the rapid pace of vaccinations.

Panetta flatly rejected any reduction in emergency bond buys while Lagarde said it was “far too early” to discuss tapering the bank’s 1.85 trillion-euro Pandemic Emergency Purchases Programme (PEPP).

Important Data: US Core CPI (MoM) (May) today at 8:30 this time estimated 0.4%, previously which was 0.9%. EURO ZONE ECB Interest Rate Decision (Jun) today at 7:45 this time estimated 0.0%, previously which was 0.0%. US Initial Jobless Claims today at 8:30 this time estimated 370K, previously which was 385K. JAPAN BSI Large Manufacturing Conditions (Q2) today at 19:50 previously which was 1.6.

TECHNICAL SUMMARY

GBPUSD



TRADE SUGGESTION- SELL AT 1.41098, TAKE PROFIT AT 1.40956 AND STOP LOSS AT 1.41311

EURUSD



TRADE SUGGESTION- SELL AT 1.21652, TAKE PROFIT AT 1.21553 AND STOP LOSS AT 1.21792

USDJPY



TRADE SUGGESTION- BUY AT 109.459, TAKE PROFIT AT 109.678 AND STOP LOSS AT 109.303

USDCHF



TRADE SUGGESTION- SELL AT 0.8959, TAKE PROFIT AT 0.89517 AND STOP LOSS AT 0.8968

CAC 40



TRADE SUGGESTION- BUY AT 6550.1 TAKE PROFIT AT 6570.5 AND STOP LOSS AT 6538.4

WTI CRUDE OIL



TRADE SUGGESTION- BUY AT 69.57 TAKE PROFIT AT 69.76 AND STOP LOSS AT 69.41

GOLD



TRADE SUGGESTION- SELL AT 1879.80, TAKE PROFIT AT 1872.82 AND STOP AT 1884.18

RIPPLE



TRADE SUGGESTION- SELL AT 0.8879 TAKE PROFIT AT 0.8577 AND STOP AT 0.9476

 

TECHNICAL ANALYSIS REPORT TODAY – 11 JUNE 2021
Asia Pacific stocks were mixed Friday morning. The Shanghai composite is down 0.50% at 3,592.73. Overall, the Singapore MSCI down 0.08% at 360.05. Over in Hong Kong, the Hang Seng Index up 0.73% to 28,820. In Japan, the Nikkei 225 down 0.35% at 28,880, while the Topix index is down 0.49% at 1948.5. South Korea’s Kospi up 0.77% to 3249.32. Australia S&P/ASX 200 up 0.13% at 7312.3.

European equities Thursday closing. The DAX futures contract in Germany traded 0.06% down at 15571.22, CAC 40 futures down 0.26% at 6546.50 and the UK 100 futures contract in the U.K. flat at 7,088.20.

In U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.02% at 34466.25 the S&P 500 up 0.47% to 4239.19 and the Nasdaq 100 down 0.04% at 13966.20, NYSE closes at 16651.42 up 0.19%.

In the Forex market, GBPUSD down 0.03% at 1.41719. The USDJPY up 0.07% at 109.395. The USDCHF down 0.03% at 0.89407. EURUSD up 0.14% at 1.21837, EUR/GBP up 0.16% at 0.85969. The USD/CNY down 0.03% at 6.3897, at the time of writing.

In the commodity market U.S. Gold futures up 0.16% at $1,901.44. Elsewhere, Silver futures up 0.93% to $28.233 per ounce, Platinum up 0.65% at $1155.94 per ounce, and Palladium up 0.27% to $2,780.00.

Crude Oil up on Friday; Brent crude oil up 0.12% to $72.47 barrel while U.S. West Texas Intermediate (CLc1) is up 0.32% at $69.71.

In the Cryptocurrency Markets, BTCUSD at 36736.68 up 0.08%, Ethereum at 2437.25 down 1.42%, Litecoin at 170.55 up 1.48%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY:


Top 5 Stock
ADOBE Inc. up 4.049% at $535.52, CATERPILLAR Inc. down 3.801% at $225.73, ANSYS Inc. up 2.717% to $335.73, ZOOM VIDEO Comm. up 3.858% to $346.50, APPLE Inc. down 0.802% to $126.11, AMGEN Inc. up 2.138% at $244.64.

Economic news:

US: The Federal Reserve’s balance sheet topped $8 trillion for the first time, weekly data published on Thursday by the U.S. central bank on its holdings showed.

At $8 trillion, the Fed’s stash of assets has roughly doubled since it kicked off large-scale purchases in March 2020 when the COVID-19 pandemic erupted and brought the economy to a near standstill.

The report also showed the Fed appears to have sold around $160 million of its corporate debt holdings since Monday (NASDAQ:MNDY), following the announcement it would unwind its nearly $14 billion corporate credit portfolio. As a first step, the central bank began selling its stakes in 16 bond exchange-traded funds on Monday.

The Fed’s credit facility was just one of many emergency measures launched last spring to shore up financial markets badly shaken by the coronavirus pandemic’s rapid spread. While the Fed’s backstop restored liquidity to the credit market, the facility was ultimately little used and the sale of its holdings is not expected to have serious effects on the market.

Eurozone: Britain’s Prince Charles hosted a meeting of bosses from some of the world’s leading companies on Thursday, telling them business and private sector finance were essential to solving the climate crisis a day before their meeting with G7 leaders.

Charles, 72, who has spent much of his life campaigning for business and governments to take notice of environmental issues, told the business chiefs that, working together with governments, “we can move … mountains”.

“We do have, I think, a potentially game-changing opportunity to drive forward the partnerships between government, business and private sector finance that are absolutely vital if we are to win the battle to combat climate change and biodiversity loss,” Charles said.

“Unless we can actually unlock private sector resource, innovation and finance, with the public sector setting a framework of incentives and regulation, we just don’t stand a chance of solving the existential crises we have engineered over the years.”

TECHNICAL SUMMARY

GBPUSD



TRADE SUGGESTION- BUY AT 1.41564, TAKE PROFIT AT 1.41849 AND STOP LOSS AT 1.41461

EURUSD



TRADE SUGGESTION- SELL AT 1.21821, TAKE PROFIT AT 1.21592 AND STOP LOSS AT 1.22008

EURGBP



TRADE SUGGESTION- SELL AT 0.85956, TAKE PROFIT AT 0.85797 AND STOP LOSS AT 0.86102

EURJPY



TRADE SUGGESTION- SELL AT 133.232, TAKE PROFIT AT 133.091 AND STOP LOSS AT 133.380

DJ EURO STOXX 50



TRADE SUGGESTION- BUY AT 4102 TAKE PROFIT AT 4113 AND STOP LOSS AT 4097

WTI CRUDE OIL



TRADE SUGGESTION- BUY AT 70.33 TAKE PROFIT AT 70.58 AND STOP LOSS AT 70.09

GOLD



TRADE SUGGESTION- BUY AT 1900.12, TAKE PROFIT AT 1904.99 AND STOP AT 1895.78

BTCUSD



TRADE SUGGESTION- BUY AT 37026.34 TAKE PROFIT AT 37961.95 AND STOP AT 35788.65

 

TECHNICAL ANALYSIS REPORT TODAY – 14 JUNE 2021
Asia Pacific stocks were mixed Monday morning. The Shanghai composite is down 0.58% at 3,589.74. Overall, the Singapore MSCI down 0.11% at 358.95. Over in Hong Kong, the Hang Seng Index down 0.31% to 28,717. In Japan, the Nikkei 225 up 0.66% at 29,070, while the Topix index is up 0.38% at 1956.0. South Korea’s Kospi up 0.02% to 3251.16. Australia S&P/ASX 200 up 0.13% at 7312.3.

European equities Friday closing. The DAX futures contract in Germany traded 0.78% up at 15693.27, CAC 40 futures up 0.83% at 6600.67 and the UK 100 futures contract in the U.K. up 0.65% at 7,134.07.

In U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.06% at 34479.61 the S&P 500 up 0.19% to 4247.45 and the Nasdaq 100 up 0.21% at 14028.1, NYSE closes at 16694.93 up 0.26%.

In the Forex market, GBPUSD flat at 1.41120. The USDJPY up 0.10% at 109.761. The USDCHF up 0.12% at 0.89884. EURUSD down 0.08% at 1.20985, EUR/GBP down 0.06% at 0.85737. The USD/CNY flat at 6.3967, at the time of writing.

In the commodity market U.S. Gold futures down 0.73% at $1,862.94. Elsewhere, Silver futures down 0.17% to $27.830 per ounce, Platinum down 0.36% at $1146.01 per ounce, and Palladium down 0.24% to $2,769.24.

Crude Oil up on Monday; Brent crude oil up 0.66% to $73.08 barrel while U.S. West Texas Intermediate (CLc1) is up 0.43% at $70.01.

In the Cryptocurrency Markets, BTCUSD at 39137.07 up 0.35%, Ethereum at 2482.04 down 1.13%, Litecoin at 168.66 down 1.32%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY:


Top 5 Stock
NASDAQ Inc. up 2.726% at $172.95, NVIDIA Corp. up 2.297% at $713.01, PFIZER Inc. down 1.303% to $40.15, CATERPILLAR Inc. down 2.228% to $220.70, DOCUSIGN Inc. up 4.085% to $253.01, OKTA Inc. up 1.918% at $226.38.

Economic news:

US: Western democracies are in a race to compete with autocratic governments, U.S. President Joe Biden said on Sunday.

“We’re in a contest, not with China per se, … with autocrats, autocratic governments around the world, as to whether or not democracies can compete with them in a rapidly changing 21st century,” Biden told a news conference at the conclusion of a Group of Seven leaders’ summit in Britain.

On China specifically, Biden said: “I think you’re gonna see just straightforward dealing with China.

“As I’ve told Xi Jinping myself, I’m not looking for conflict. Where we cooperate, we’ll cooperate; where we disagree I’m going to state this frankly, and we are going to respond to actions that are inconsistent.”

Eurozone: German Chancellor Angela Merkel on Sunday said she hoped that a new Group of Seven task force can present first infrastructure projects in developing countries in 2022.

The world’s seven most advanced economies signalled during the summit a desire to build a rival to China’s multitrillion-dollar Belt and Road initiative.

U.S. President Joe Biden and other G7 leaders hope their plan, known as the Build Back Better World (B3W) initiative, will help narrow the $40 trillion needed by developing nations by 2035, the White House said.

It was not immediately clear how exactly the plan would work or how much capital it would ultimately allocate.

The G7 had recognised that they had to deliver support for the development of poorer countries, Merkel said at a news conference.

“For countries in need of development, only concrete projects count,” she said. “I hope that we will be able to present such projects already during the next G7 summit, which will be in Germany.”

Germany will take over the G7 presidency from Britain next year.

Important Data: EURO ZONE Industrial Production (MoM) (Apr) today at 5:00 this time estimated 0.4%, previously which was 0.1%. SWITZERLAND PPI (MoM) (May) today at 2:30 previously which was 0.7%. UK BoE Gov Bailey Speaks today at 9:00. CANADA Manufacturing Sales (MoM) (Apr) today at 8:30 this time estimated -1.0%, previously which was 3.5%.

TECHNICAL SUMMARY

GBPUSD



TRADE SUGGESTION- SELL AT 1.41088, TAKE PROFIT AT 1.40884 AND STOP LOSS AT 1.41299

EURUSD



TRADE SUGGESTION- SELL AT 1.20958, TAKE PROFIT AT 1.20741 AND STOP LOSS AT 1.21216

GBPJPY



TRADE SUGGESTION- SELL AT 154.868, TAKE PROFIT AT 154.492 AND STOP LOSS AT 155.172

CHFJPY



TRADE SUGGESTION- BUY AT 122.075, TAKE PROFIT AT 122.211 AND STOP LOSS AT 122.000

FTSE 100



TRADE SUGGESTION- BUY AT 7149.6 TAKE PROFIT AT 7200 AND STOP LOSS AT 7082.0

WTI CRUDE OIL



TRADE SUGGESTION- BUY AT 71.20 TAKE PROFIT AT 72.24 AND STOP LOSS AT 70.32

GOLD



TRADE SUGGESTION- SELL AT 1863.79, TAKE PROFIT AT 1852.72 AND STOP AT 1872.23

LITECOIN



TRADE SUGGESTION- SELL AT 169.58 TAKE PROFIT AT 164.24 AND STOP AT 175.39

 

TECHNICAL ANALYSIS REPORT TODAY – 15 JUNE 2021


ASIAN MARKET:-

Mainland Chinese stocks were down by the early morning. The Shanghai Composite was down by 0.92% to 3,556.86. Hong Kong’s Hang Seng Index was down about 0.71% to 28,638.75.

Japan’s benchmark Nikkei average. Nikkei 225 is trading up 0.96 per cent at 29,441.63 on Friday while the Australian Index S&P / ASX 200 rose 0.92 percent to 7,379.71. South Korea’s Kospi was down by 0.20% to 3,258.98.

EUROPEAN MARKET:-

The FTSE MIB climbed down by 0.18% to 25,710.46. In the cash markets, the DAX futures Germany was trading 0.70% higher at 15,779.25. CAC 40 futures in France climbed up by 0.51% to 6,650.57, while the FTSE 100 futures in the U.K was up by 0.36% to 7,173.63 at the time of writing.

US MARKET:-

In the U.S. on Wall Street, the Dow Jones Industrial Average closed 0.25% down at 34,393.38 the S&P 500 was up 0.18% to 4,255.56 and the Nasdaq 100 was up 0.74% at 14,174.03.

FOREX MARKET:-

In the Forex market, GBPUSD was 0.25% down at 1.4078. The USDJPY was up 0.05% at 110.16. The USDCHF was down 0.16% at 0.8984. EURUSD was up 0.06% at 1.2125, EUR/GBP was up 0.32% at 0.8614, at the time of writing.

COMMODITY MARKET;-

In the commodity market, U.S. Gold futures rose 0.05% at $1,866.85. Elsewhere, Silver futures fell 0.92% to $27.782 per ounce, Platinum fell 0.69% at $1,156.05 per ounce, and Palladium was down 0.14% at $2,760.50.

Brent crude oil was up 0.40% to $73.17 a barrel while U.S. West Texas Intermediate (CLc1) rose 0.39% at $71.12.

CRYPTO-CURRENCY MARKET:-

In the Cryptocurrency Markets, BTCUSD rose 2.63% at $40,124.9 , Ethereum at 2,591.28 up by 4.84%, Litecoin at 177.582 up 6.57%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY:


AstraZeneca down 0.02% at 58.76. Apple Inc. up 2.46% at $130.48 , Amazon.com up 1.11% at $ 3,383.49, TESLA Inc up 1.28% at $ 617.78, Unilever up 1.06% at 4,340.830, Microsoft up 0.78% at $259.18 , Barclays down 0.89% at 177.80.

Economic news:

USA MARKET


U.S. Senate Republicans are due to hear details on Tuesday about a bipartisan proposal to revitalize America’s roads and bridges, which lawmakers believe could win support from the caucus as a part of President Joe Biden’s sweeping infrastructure plan.

Members of a bipartisan Senate group will discuss the proposal with Republican senators at their weekly policy lunch, Republican lawmakers and aides said on Monday evening.

“We’ll be discussing it,” Senator Bill Cassidy, a member of the group, told reporters. “It won’t be a formal sort of ‘OK – now we need your vote.’ It’ll be more kind of ‘OK – here’s more information for you.'”

The bloc of Senate moderates, five Republicans and five Democrats, said last Thursday that it had reached an agreement after negotiations between Republican Senator Shelley Moore Capito and Biden broke down.

It proposes to spend $974 billion over five years, or $1.2 trillion over eight years, a source familiar with the package said. That is below Biden’s current $1.7 trillion proposal and it is unclear whether it can gather enough support to pass the 50-50 Senate.

Senator John Thune, the chamber’s No. 2 Republican, told reporters that he expects Republican support for the proposal.

“I don’t know how many Democrats they can get for something like what they’re talking about. But I think there would be substantial Republican support,” he said. “It’s good work.”

Senator Dick Durbin, the chamber’s No. 2 Democrat, said he had urged senators to “get this moving.” He said any bipartisan deal, as well a separate measure Democrats are eyeing to try to pass their remaining infrastructure priorities without Republican support, would need to get in shape by the end of June because of a tight floor schedule.

Biden has set his sights on infrastructure legislation that would both revamp the nation’s roads and bridges as well as boost spending on services including healthcare and childcare – although Republicans reject the idea that those latter priorities even qualify for the label “infrastructure.”

EUROZONE:-


The European Union on Monday began selling the first bond backing its recovery fund, according to a lead manager, a crucial step in financing members states’ economic recovery from the coronavirus pandemic.

The sale of the 10-year bond is the start of up to 800 billion euros of debt issuance between now and 2026 that will back grants and loans to member states – an unprecedented act of fiscal solidarity on the EU’s part that may transform it into a leading European borrower.

The sale should be completed on Tuesday, EU Budget and Administration Commissioner Johannes Hahn said.

It will build on 90 billion euros of EU issuance backing the SURE unemployment scheme, another support programme, since last October, which had already given the EU a significant presence in the 27-member bloc’s debt markets.

The recovery fund debt, given its much larger scale than SURE, is expected to boost the liquidity of the EU’s debt and see continued interest from investors keen to buy scarce Triple A rated debt, which also offers a yield pick-up over the bloc’s benchmark issuer Germany.

Initial price thoughts on the deal are around 1 basis point above the mid-swap level as the EU collects indications of interest from investors, according to a lead manager memo seen by Reuters. That is equivalent to a yield of about 0.10% according to Reuters calculations.

The bond will raise 10 billion euros, France’s junior minister for European affairs said on May 31.

The EU has said it expects to issue 80 billion euros of long-term debt this year.

After the inaugural deal, the EU will sell two more bonds via syndication – where a borrower hires banks to sell the debt directly to end investors – by the end of July.

TECHNICAL SUMMARY

GBP/USD:-



TRADE SUGGESTION- SELL AT 1.40780, TAKE PROFIT AT 1.40380AND STOP LOSS AT 1.40980

USD/JPY:-



TRADE SUGGESTION- BUY AT 110.025, TAKE PROFIT AT 116.025 AND STOP LOSS AT 107.025

DOW JONES:-



TRADE SUGGESTION- SELL AT 34,390.50, TAKE PROFIT AT 34,190.50 AND STOP LOSS AT 34,490.50.

CRUDE OIL {WTI}:-



TRADE SUGGESTION- BUY AT 70.60, TAKE PROFIT AT 80.60 AND STOP LOSS AT 65.60

ETHEREUM:-



TRADE SUGGESTION- BUY AT 2,580.50, TAKE PROFIT AT 2,780.50 AND STOP LOSS 2,480.50 .

 

TECHNICAL ANALYSIS REPORT TODAY – 16 JUNE 2021


Asian shares retreated slightly on Wednesday. The Shanghai composite is down 0.92% at 3,523.70. Overall, the Singapore MSCI down 1.03% at 358.80. Over in Hong Kong, the Hang Seng Index down 0.22% to 28,450. In Japan, the Nikkei 225 down 0.54% at 29,250, while the Topix index is up 0.08% at 1972.5. South Korea’s Kospi up 0.62% to 3278.98. Australia S&P/ASX 200 up 0.12% at 7388.3.

European equities Tuesday closing. The DAX futures contract in Germany traded 0.36% up at 15729.52, CAC 40 futures up 0.35% at 6639.53 and the UK 100 futures contract in the U.K. up 0.36% at 7,172.49.

In U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.27% at 34299.34 the S&P 500 down 0.20% to 4246.58 and the Nasdaq 100 up 0.01% at 14054.6, NYSE closes at 16655.81 down 0.04%.

In the Forex market, GBPUSD up 0.06% at 1.40896. The USDJPY up 0.10% at 110.118. The USDCHF up 0.15% at 0.89888. EURUSD down 0.01% at 1.21251, EUR/GBP down 0.04% at 0.86043. The USD/CNY down 0.08% at 6.4004, at the time of writing.

In the commodity market U.S. Gold futures up 0.09% at $1,861.02. Elsewhere, Silver futures up 0.38% to $27.742 per ounce, Platinum down 0.32% at $1148.30 per ounce, and Palladium down 0.14% to $2,760.50.

Crude Oil up on Wednesday; Brent crude oil up 0.42% to $74.53 barrel while U.S. West Texas Intermediate (CLc1) is up 0.70% at $70.48.

In the Cryptocurrency Markets, BTCUSD at 40426.49 up 0.62%, Ethereum at 2532.48 down 0.48%, Litecoin at 174.95 down 0.19%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY:

GARTNER Inc. up 2.256% at $234.80, NOV Inc. up 4.164% at $17.51, EXXON MOBIL Corp. up 3.641% to $64.33, TESLA Inc. down 2.968% to $599.36, ETSY Inc. down 2.49% to $166.06, BIOGEN Inc. down 2.477% at $396.08.

Economic news:

US: Jared Kushner, son-in-law of former U.S. President Donald Trump and a senior adviser in his administration, has reached a deal to write a book billed by his publisher as the “definitive” recounting of Trump’s presidency.

The book will be released early next year, according to publisher Broadside Books, an imprint of HarperCollins Publishers specializing in conservative authors.

Broadside did not make financial terms of the agreement public.

“Jared Kushner was the most consequential adviser throughout President Trump’s presidency, and as a senior adviser, he played a central role in the administration’s most significant accomplishments – including the Abraham Accords, Criminal Justice Reform, Operation Warp Speed, and USMCA,” Broadside said in announcing the deal.

“His book will be the definitive, thorough recounting of the administration and the truth about what happened behind closed doors,” the publisher said.

Eurozone: British consumer price inflation jumped to 2.1% in May, above the Bank of England’s 2.0% target and its highest since July 2019, official figures showed on Wednesday.

The acceleration of price growth from April’s 1.5% was driven in large part by the comparison effect with May 2020 when the country was in its first tight lockdown, especially for clothing, motor fuel, games and take-away food.

A Reuters poll of economists had pointed to a rise in inflation to 1.8%.

Core inflation, which excludes the price of food, energy and other volatile items, rose to 2.0% in the 12 months to May, the Office for National Statistics said.

Investors around the world are trying to gauge the risks of a sustained jump in inflation, especially in the United States where annual inflation hit 5.0% in May, the highest in almost 13 years.

The BoE has said it expects inflation to hit 2.5% by the end of this year as the economy reopens after its coronavirus lockdowns and as global oil prices rise.

Important Data: US Building Permits (May) today at 8:30 this time estimated 1.73M, previously which was 1.733M. CANADA Core CPI (MoM) (May) today at 8:30 this time estimated 0.4%, previously which was 0.5%.NZD GDP (QoQ) (Q1) today at 18:45 this time estimated 0.5%, previously which was -1.0%. AUSTRALIA Employment Change (May) today at 21:30 this time estimated 30.0K, previously which was -30.6K.

TECHNICAL SUMMARY

GBPUSD



TRADE SUGGESTION- SELL AT 1.411, TAKE PROFIT AT 1.40955 AND STOP LOSS AT 1.41304

EURUSD



TRADE SUGGESTION- SELL AT 1.21234, TAKE PROFIT AT 1.20965 AND STOP LOSS AT 1.21377

USDJPY



TRADE SUGGESTION- BUY AT 110.018, TAKE PROFIT AT 110.132 AND STOP LOSS AT 109.926

USDCHF



TRADE SUGGESTION- BUY AT 0.89847, TAKE PROFIT AT 0.90 AND STOP LOSS AT 0.89677

NASDAQ 100



TRADE SUGGESTION- BUY AT 14054.24 TAKE PROFIT AT 14154.63 AND STOP LOSS AT 13957.37

WTI CRUDE OIL



TRADE SUGGESTION- BUY AT 72.42 TAKE PROFIT AT 72.63 AND STOP LOSS AT 72.35

GOLD



TRADE SUGGESTION- SELL AT 1857.93, TAKE PROFIT AT 1851.41 AND STOP AT 1864.87

BTCUSD



TRADE SUGGESTION- BUY AT 40211.80 TAKE PROFIT AT 40562.48 AND STOP AT 40101.45

 

TECHNICAL ANALYSIS REPORT TODAY – 17 JUNE 2021
Asia Pacific stocks were mostly down Thursday morning. The Shanghai composite is up 0.06% at 3,520.06. Overall, the Singapore MSCI up 0.10% at 357.55. Over in Hong Kong, the Hang Seng Index up 0.06% to 28,387. In Japan, the Nikkei 225 down 1.06% at 28,940, while the Topix index is down 0.58% at 1959.5. South Korea’s Kospi down 0.38% to 3265.84. Australia S&P/ASX 200 down 0.36% at 7359.8.

European equities Wednesday closing. The DAX futures contract in Germany traded 0.12% down at 15710.57, CAC 40 futures up 0.20% at 6652.66 and the UK 100 futures contract in the U.K. up 0.17% at 7,184.96.

In U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.77% at 34033.68 the S&P 500 down 0.54% to 4223.71 and the Nasdaq 100 down 0.10% at 13933.1, NYSE closes at 16542.75 down 0.68%.

In the Forex market, GBPUSD up 0.07% at 1.39969. The USDJPY down 0.04% at 110.663. The USDCHF down 0.02% at 0.90842. EURUSD up 0.03% at 1.19977, EUR/GBP down 0.02% at 0.85715. The USD/CNY up 0.42% at 6.4201, at the time of writing.

In the commodity market U.S. Gold futures up 0.43% at $1,819.17. Elsewhere, Silver futures up 0.56% to $27.067 per ounce, Platinum up 0.42% at $1123.09 per ounce, and Palladium down 0.93% to $2,772.00.

Crude Oil up on Thursday; Brent crude oil up 0.51% to $74.22 barrel while U.S. West Texas Intermediate (CLc1) is up 0.01% at $70.48.

In the Cryptocurrency Markets, BTCUSD at 38868.40 up 1.34%, Ethereum at 2427.22 up 2.56%, Litecoin at 171.31 up 2.88%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY:

CARNIVAL Corp. up 2.342% at $29.28, WHIRLPOOL Corp. down 2.772% at $214.98, NETEASE Inc. down 2.016% to $108.89, MODERNA Inc. down 1.86% to $197.84, CENTENE Corp. up 3.743% to $72.62, ENPHASE ENERGY Inc. up 4.899% at $152.02.

Economic news:

US: Federal Reserve officials have said for months that price increases are temporary. On Wednesday, they weren’t so sure.

“Is there a risk that inflation will be higher than we think? Yes,” Chair Jerome Powell told a press conference. He spoke after financial markets were taken by surprise when policy makers signalled, they expect to make not one, but two, hikes to interest rates in 2023 from near zero now.

The Fed has been in a tug-and-pull with investors and critics over whether recent spikes in prices as the economy reopens from the pandemic will be transitory, as officials have argued, or prove more lasting.

“There is a lot of uncertainty,” Powell said. Indeed, Fed policy makers moved up their forecasts for inflation over the next three years after a two-day meeting of the Federal Open Market Committee.

The Fed’s inflation projections — which are above their 2% target through 2023 — show that a majority of officials don’t want to run a lengthy test with rising prices, even though a new policy strategy they adopted in August calls for more tolerance.

Eurozone: The European Union on Wednesday called on Britain and the United States to limit litigation by agreeing how to price legacy contracts after the tarnished Libor interest rate is scrapped.

After banks were fined billions of dollars for trying to rig the London Interbank Offered Rate or Libor, regulators want it replaced in contracts from home loans to credit cards worth trillions of dollars globally in one of the biggest market switches in decades.

Libor, compiled in several currencies like the dollar, sterling and yen is being largely scrapped in contracts from the end of December and replaced by rates compiled by central banks.

Britain and the United States are working on what alternative rates would be used in legacy contracts that cannot shift to the central bank benchmarks.

Britain is considering “synthetic” Libor rates, while New York State has approved a law that would impose an alternative rate that has yet to be determined.

Tilman Lueder, head of securities markets at the European Union’s executive European Commission, said that litigation over ending Libor in contracts was inevitable given the replacement rates won’t have the same economic performance as Libor.

Important Data: US Initial Jobless Claims today at 8:30 this time estimated 359K, previously which was 376K. CANADA Foreign Securities Purchases (Apr) today at 8:30 previously which was 3.25B. JAPAN National Core CPI (YoY) (May) today at 19:30 this time estimated 0.1%, previously which was -0.1%. EURO ZONE ECB’s Elderson Speaks today at 10:00.

TECHNICAL SUMMARY

GBPUSD



TRADE SUGGESTION- SELL AT 1.39821, TAKE PROFIT AT 1.39777 AND STOP LOSS AT 1.39980

EURUSD



TRADE SUGGESTION- SELL AT 1.19855, TAKE PROFIT AT 1.19448 AND STOP LOSS AT 1.20094

EURGBP



TRADE SUGGESTION- SELL AT 0.85688, TAKE PROFIT AT 0.85503 AND STOP LOSS AT 0.85798

GBPJPY



TRADE SUGGESTION- SELL AT 154.768, TAKE PROFIT AT 154.613 AND STOP LOSS AT 154.985

CAC 40



TRADE SUGGESTION- BUY AT 6618.10 TAKE PROFIT AT 6632.40 AND STOP LOSS AT 6610.20

WTI CRUDE OIL



TRADE SUGGESTION- BUY AT 71.70 TAKE PROFIT AT 71.98 AND STOP LOSS AT 71.59

GOLD



TRADE SUGGESTION- SELL AT 1814.57, TAKE PROFIT AT 1811.02 AND STOP AT 1816.91

ETHEREUM



TRADE SUGGESTION- SELL AT 2446.50 TAKE PROFIT AT 2345.10 AND STOP AT 2544.97

 

TECHNICAL ANALYSIS REPORT TODAY – 18 JUNE 2021
Asian shares inched higher on Friday. The Shanghai composite is down 0.49% at 3,508.29. Overall, the Singapore MSCI down 0.03% at 356.05. Over in Hong Kong, the Hang Seng Index up 0.79% to 28,656. In Japan, the Nikkei 225 down 0.17% at 28,950, while the Topix index is down 0.92% at 1944.5. South Korea’s Kospi up 0.12% to 3269.08. Australia S&P/ASX 200 up 0.15% at 7369.8.

European equities Thursday closing. The DAX futures contract in Germany traded 0.11% up at 15727.67, CAC 40 futures up 0.20% at 6666.27 and the UK 100 futures contract in the U.K. down 0.44% at 7,153.44.

In U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.62% at 33823.46 the S&P 500 down 0.04% to 4221.85 and the Nasdaq 100 up 0.06% at 14204.2, NYSE closes at 16411.64 down 0.79%.

In the Forex market, GBPUSD down 0.05% at 1.39176. The USDJPY up 0.06% at 110.230. The USDCHF down 0.02% at 0.91744. EURUSD up 0.08% at 1.19143, EUR/GBP up 0.19% at 0.85605. The USD/CNY down 0.03% at 6.4458, at the time of writing.

In the commodity market U.S. Gold futures up 0.68% at $1,784.61. Elsewhere, Silver futures up 1.21% to $26.180 per ounce, Platinum up 2.05% at $1075.05 per ounce, and Palladium up 2.63% to $2,548.13.

Crude Oil down on Friday; Brent crude oil down 0.68% to $72.50 barrel while U.S. West Texas Intermediate (CLc1) is down 0.51% at $70.12.

In the Cryptocurrency Markets, BTCUSD at 38024.96 down 0.19%, Ethereum at 2352.02 down 0.81%, Litecoin at 166.26 down 0.46%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY:

NVIDIA Corp. up 4.756% at $746.29, MOSIAC Co. down 7.044% at $30.35, OKTA Inc. up 4.005% to $232.16, DOCUSIGN Inc. up 2.979% to $260.61, APPLE Inc. up 1.26% to $131.79, CATERPILLAR Inc. down 3.55% at $209.45.

Economic news:

US: Black workers in the United States continue to earn less than their white counterparts even as American companies are raising diversity and inclusion as a cornerstone of their brands and business strategies, according to a report published on Thursday.

The Conference Board report attributed the wage gaps to a range of factors, including geographical segregation and labour market segmentation, as well as different access to educational opportunities, social and professional networks.

“As Americans mark Juneteenth, business leaders and policymakers alike must recognize the recent trends in racial disparities in the 21st century economy,” said Gad Levanon, labour markets vice president at The Conference Board in Washington. “Reversing these trends will require addressing deeply rooted labour market segmentation and geographical segregation in restricting access to high-growth fields.”

Juneteenth is a holiday celebrated on June 19 commemorating the end of the legal enslavement of Black Americans. On Thursday, it became the 11th federally recognized holiday.

Eurozone: British inflation can rise above 3% before the Bank of England feels discomfort, according to a Reuters poll of economists who also said the economy would expand faster than previously thought this quarter as more pandemic restrictions are lifted.

The central bank has a 2% inflation target, but the rate unexpectedly jumped above that in May for the first time in almost two years and hit 2.1%, part of a post-lockdown climbs in prices that is expected to gather pace.

Inflation will peak at 2.4% in the final quarter of this year before gradually scaling down, the June 14-17 poll found. The Bank will tolerate it at 3.0-3.5% before feeling discomfort, medians showed.

“We think high inflation will be temporary as this year’s price rises give way to a sharper fall in inflation next year due to base effects,” said George Buckley at Nomura.

“At the same time, we expect the BoE to be keen to protect what could prove to be a fragile recovery, with output well below its pre-pandemic path.”

Important Data: CANADA New Housing Price Index (MoM) (May) today at 8:30 previously which was 1.9%. UK Retail Sales (YoY) (May) today at 2:00 this time estimated 29.0%, previously which was 42.4%. Germany PPI (MoM) (May) today at 2:00 this time estimated 0.7%, previously which was 0.8%. JAPAN BoJ Press Conference today at 2:30.

TECHNICAL SUMMARY

GBPUSD



TRADE SUGGESTION- SELL AT 1.39043, TAKE PROFIT AT 1.38484 AND STOP LOSS AT 1.39446

EURUSD



TRADE SUGGESTION- SELL AT 1.19046, TAKE PROFIT AT 1.18653 AND STOP LOSS AT 1.19388

CHFJPY



TRADE SUGGESTION- SELL AT 119.924, TAKE PROFIT AT 119.790 AND STOP LOSS AT 120.100

NZDUSD



TRADE SUGGESTION- SELL AT 0.69658, TAKE PROFIT AT 0.69379 AND STOP LOSS AT 0.7000

DAX 30



TRADE SUGGESTION- BUY AT 15740.3 TAKE PROFIT AT 15759.6 AND STOP LOSS AT 15731.7

WTI CRUDE OIL



TRADE SUGGESTION- BUY AT 70.25 TAKE PROFIT AT 70.60 AND STOP LOSS AT 70.00

GOLD



TRADE SUGGESTION- SELL AT 1782.73, TAKE PROFIT AT 1769.08 AND STOP AT 1797.33

RIPPLE



TRADE SUGGESTION- SELL AT 0.8421 TAKE PROFIT AT 0.8170 AND STOP AT 0.8739

 

TECHNICAL ANALYSIS REPORT TODAY – 21 JUNE 2021
Asia Pacific stocks were mostly down Monday morning. The Shanghai composite is down 0.14% at 3,520.00. Overall, the Singapore MSCI down 1.43% at 351.25. Over in Hong Kong, the Hang Seng Index down 1.39% to 28,362. In Japan, the Nikkei 225 down 3.63% at 27,880, while the Topix index is down 2.45% at 1893.5. South Korea’s Kospi down 1.00% to 3235.41. Australia S&P/ASX 200 down 1.65% at 7247.6.

European equities Friday closing. The DAX futures contract in Germany traded 1.78% down at 15448.04, CAC 40 futures down 1.46% at 6569.17 and the UK 100 futures contract in the U.K. down 0.82% at 6,957.5.

In U.S. on Wall Street, the Dow Jones Industrial Average closed down 1.58% at 33290.09 the S&P 500 down 1.31% to 4166.46 and the Nasdaq 100 down 0.15% at 14014.0, NYSE closes at 16143.95 down 1.63%.

In the Forex market, GBPUSD up 0.01% at 1.38. The USDJPY down 0.35% at 109.825. The USDCHF up 0.01% at 0.92121. EURUSD flat at 1.18604, EUR/GBP up 0.16% at 0.85938. The USD/CNY up 0.25% at 6.4688, at the time of writing.

In the commodity market U.S. Gold futures up 0.43% at $1,770.94. Elsewhere, Silver futures down 0.03% to $25.771 per ounce, Platinum down 0.40% at $1029.49 per ounce, and Palladium up 0.79% to $2,485.34.

Crude Oil up on Monday; Brent crude oil up 0.49% to $73.60 barrel while U.S. West Texas Intermediate (CLc1) is up 0.21% at $70.27.

In the Cryptocurrency Markets, BTCUSD at 34074.22 down 4.18%, Ethereum at 2106.98 down 6.05%, Litecoin at 147.76 down 4.48%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY:

LENNAR Corp. up 3.719% at $98.17, ADOBE Inc. up 2.581% at $565.59, POOL Corp. up 1.258% to $442.02, EBAY Inc. down 3.169% to $63.26, MICRON Tech. down 4.576% to $76.95, NVR Inc. up 1.865% at $4785.14.

Economic news:

US: A bipartisan infrastructure plan costing a little over $1 trillion, only about a fourth of what President Joe Biden initially proposed, has been gaining support in the U.S. Senate, but disputes continued on Sunday over how it should be funded.

Biden told reporters last week that he will have a response to the plan as soon as Monday after reviewing it. Twenty-one of the 100 U.S. senators – including 11 Republicans, nine Democrats and one independent who caucuses with Democrats – are working on the framework to rebuild roads, bridges and other traditional infrastructure that sources said would cost $1.2 trillion over eight years.

“President Biden, if you want an infrastructure deal of a trillion dollars, it’s there for the taking. You just need to get involved and lead,” one of the 21 senators, Republican Senator Lindsey Graham (NYSE:GHM), said on Fox News Sunday.

Biden, seeking to fuel growth after the pandemic and address income inequality, had initially proposed about $4 trillion be spent on a broader definition of infrastructure, including fighting climate change and providing care for children and the elderly.

But the White House trimmed the offer to about $1.7 trillion in talks with senators in a bid to win Republican support which will be needed for any plan to get the 60 votes normally required to advance legislation in the Senate.

Eurozone: European Central Bank policymakers meeting this weekend made “good progress” in reshaping the ECB’s strategic goals, including the role it plays in fighting climate change and a revised approach to inflation, President Christine Lagarde said on Sunday.

The 25 members of the ECB’s Governing Council gathered in a hotel near Frankfurt to add impetus to the bank’s first review of its approach to monetary policy in nearly two decades, which it aims to conclude in the second half of the year.

Lagarde gave no detail of the outcome of the talks, saying only that they covered the ECB’s inflation goal and time horizon, links between climate change and monetary policy and the modernisation of central bank communications.

“I am glad we were able to have in-depth discussions and we made good progress in shaping the concrete features of our future monetary policy strategy,” Lagarde said in a statement after the three-day gathering.

Started in early 2020 and then delayed due to the coronavirus pandemic, the overhaul has fuelled a public debate among policymakers.

Important Data: RUSSIA Retail Sales (YoY) (May) today at 12:00 this time estimated 23.0%, previously which was 34.7%. RUSSIA Unemployment Rate (Jun) today at 12:00 this time estimated 5.2%, previously which was 5.2%. US 6-Month Bill Auction today at 11:30 previously which was 0.04%. EURO ZONE ECB McCaul Speaks today at 8:00.

TECHNICAL SUMMARY

GBPUSD



TRADE SUGGESTION- SELL AT 1.39043, TAKE PROFIT AT 1.38484 AND STOP LOSS AT 1.39446

EURUSD



TRADE SUGGESTION- SELL AT 1.19046, TAKE PROFIT AT 1.18653 AND STOP LOSS AT 1.19388

USDJPY



TRADE SUGGESTION- BUY AT 109.875, TAKE PROFIT AT 110.138 AND STOP LOSS AT 109.671

USDCHF



TRADE SUGGESTION- BUY AT 0.92182, TAKE PROFIT AT 0.92392 AND STOP LOSS AT 0.92099

HANG SENG



TRADE SUGGESTION- SELL AT 28351.0 TAKE PROFIT AT 28147.0 AND STOP LOSS AT 28517.0

WTI CRUDE OIL



TRADE SUGGESTION- BUY AT 71.63 TAKE PROFIT AT 71.99 AND STOP LOSS AT 71.37

GOLD



TRADE SUGGESTION- SELL AT 1777.00, TAKE PROFIT AT 1761.40 AND STOP AT 1784.05

LITECOIN USD



TRADE SUGGESTION- SELL AT 139.15 TAKE PROFIT AT 131.75 AND STOP AT 144.51

 

TECHNICAL ANALYSIS REPORT TODAY – 22 JUNE 2021
Asia Pacific stocks were mostly up Tuesday morning. The Shanghai composite is up 0.44% at 3,545.69. Overall, the Singapore MSCI down 0.21% at 353.55. Over in Hong Kong, the Hang Seng Index down 0.42% to 28,303. In Japan, the Nikkei 225 up 2.86% at 28,820, while the Topix index is down 2.95% at 1956.0. South Korea’s Kospi up 0.78% to 3264.45. Australia S&P/ASX 200 up 1.60% at 7350.8.

European equities Monday closing. The DAX futures contract in Germany traded 1.00% up at 15603.24, CAC 40 futures up 0.51% at 6602.55 and the UK 100 futures contract in the U.K. flat at 7,088.0.

In U.S. on Wall Street, the Dow Jones Industrial Average closed up 1.76% at 33876.98 the S&P 500 up 1.40% to 4224.80 and the Nasdaq 100 down 0.06% at 14145.0, NYSE closes at 16411.97 up 1.66%.

In the Forex market, GBPUSD down 0.24% at 1.38. The USDJPY up 0.16% at 110.469. The USDCHF up 0.32% at 0.92060. EURUSD down 0.19% at 1.18944, EUR/GBP up 0.10% at 0.85573. The USD/CNY up 0.02% at 6.4679, at the time of writing.

In the commodity market U.S. Gold futures up 0.02% at $1,783.00. Elsewhere, Silver futures down 0.15% to $25.873 per ounce, Platinum up 1.43% at $1063.03 per ounce, and Palladium up 0.04% to $2,580.00.

Crude Oil up on Tuesday; Brent crude oil up 0.43% to $75.14 barrel while U.S. West Texas Intermediate (CLc1) is up 0.63% at $70.71.

In the Cryptocurrency Markets, BTCUSD at 32675.87 up 3.31%, Ethereum at 1944.00 up 2.94%, Litecoin at 129.15 up 3.58%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY:

HESS Corp. up 7.173% at $90.40, Xilinx Inc. down 3.328% at $127.53, MODERNA Inc. up 4.543% to $208.24, CDW Corp. up 2.383% to $169.73, OKTA Inc. down 2.541% to $233.18, BIOGEN Inc. down 1.939% at $380.91.

Economic news:

US: U.S. President Joe Biden held separate talks on Monday with two key Democratic senators about a bipartisan infrastructure plan and told them he was encouraged by the proposal but still had questions about how to pay for the bill, the White House said.

A bipartisan infrastructure plan costing a little over $1 trillion, only about a fourth of what Biden initially proposed, has been gaining support in the U.S. Senate, but disputes continue over how it should be funded.

Biden met separately with Senators Joe Manchin and Kyrsten Sinema and “told them he was encouraged by what has taken shape but that he still has questions about the policy as well as the means for financing the bipartisan group’s proposal,” the White House said.

Biden also told the senators that he was “focused on budget resolution discussions in the Senate,” it said, an apparent reference to Democratic preparations to pass parts of his broader infrastructure plans opposed by Republicans using a procedure called reconciliation that requires only a simple majority.

There are 50 Republicans, 48 Democrats and two independents who caucus with Democrats in the 100-seat Senate and Vice President Kamala Harris has the tie-breaking vote for the Democrats.

Eurozone: The euro zone and the United States are “clearly in a different situation” when it comes the outlook for inflation, European Central Bank President Christine Lagarde said on Monday, playing down any impact from across the Atlantic.

With the U.S. economy reopening and prices rebounding fast, Federal Reserve officials have started discussing ending their bond purchase programme and last week brought forward their expectations for the first rate hike since the start of the coronavirus pandemic.

This has triggered market speculation about rising inflation and a tightening of monetary policy across the globe.

But Lagarde rejected comparisons between both economies, saying the U.S. recovery was farther ahead of the euro zones.

“The United States and Europe are clearly in a different situation,” Lagarde told the European Parliament. “It’s tempting to compare but it’s not very judicious given the many differences between the two economies.”

Important Data: US Existing Home Sales (May) today at 10:00 this time estimated 5.72M, previously which was 5.85M. API Weekly Crude Oil Stock today at 16:30 previously which was -8.537M. CBI Industrial Trends Orders (Jun) today at 6:00 this time estimated 18, previously which was 17. EURO ZONE ECB’s Lane Speaks today at 10:00.

TECHNICAL SUMMARY

GBPUSD



TRADE SUGGESTION- SELL AT 1.38989, TAKE PROFIT AT 1.38603 AND STOP LOSS AT 1.39270

EURUSD



TRADE SUGGESTION- SELL AT 1.19009, TAKE PROFIT AT 1.18859 AND STOP LOSS AT 1.19162

EURJPY



TRADE SUGGESTION- SELL AT 131.416, TAKE PROFIT AT 131.266 AND STOP LOSS AT 131.528

GBPJPY



TRADE SUGGESTION- BUY AT 153.364, TAKE PROFIT AT 153.701 AND STOP LOSS AT 153.111

DOW JONES



TRADE SUGGESTION- SELL AT 33791.0 TAKE PROFIT AT 33641.0 AND STOP LOSS AT 33898.0

WTI CRUDE OIL



TRADE SUGGESTION- BUY AT 72.78 TAKE PROFIT AT 73.03 AND STOP LOSS AT 72.74

GOLD



TRADE SUGGESTION- SELL AT 1780.36, TAKE PROFIT AT 1749.45 AND STOP AT 1797.23

BTC USD



TRADE SUGGESTION- SELL AT 32613.30 TAKE PROFIT AT 31844.77 AND STOP AT 33156.45

 

TECHNICAL ANALYSIS REPORT TODAY – 24 JUNE 2021
Asia Pacific stocks were mostly up Thursday morning. The Shanghai composite is down 0.15% at 3,561.00. Overall, the Singapore MSCI up 0.08% at 354.45. Over in Hong Kong, the Hang Seng Index up 0.24% to 28,799. In Japan, the Nikkei 225 up 0.10% at 28,840, while the Topix index is down 0.08% at 1942.5. South Korea’s Kospi up 0.38% to 3287.73. Australia S&P/ASX 200 down 0.09% at 7291.8.

European equities Wednesday closing. The DAX futures contract in Germany traded 1.15% down at 15456.39, CAC 40 futures down 0.91% at 6551.07 and the UK 100 futures contract in the U.K. up 0.23% at 7,087.6.

In U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.21% at 33874.25. The S&P 500 down 0.11% to 4241.83 and the Nasdaq 100 up 0.19% at 14318.1, NYSE closes at 16437.62 down 0.07%.

In the Forex market, GBPUSD up 0.02% at 1.39607. The USDJPY up 0.01% at 110.968. The USDCHF up 0.14% at 0.91926. EURUSD down 0.01% at 1.19250, EUR/GBP up 0.05% at 0.85411. The USD/CNY up 0.09% at 6.4801, at the time of writing.

In the commodity market U.S. Gold futures down 0.18% at $1,774.40. Elsewhere, Silver futures up 0.08% to $25.869 per ounce, Platinum down 1.23% at $1075.22 per ounce, and Palladium up 0.19% to $2,618.50.

Crude Oil mix on Thursday; Brent crude oil down 0.21% to $75.24 barrel while U.S. West Texas Intermediate (CLc1) is up 0.01% at $70.59.

In the Cryptocurrency Markets, BTCUSD at 32618.25 down 3.07%, Ethereum at 1912.38 down 2.86%, Litecoin at 128.03 down 0.74%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY:

TESLA Inc. up 5.269% at $656.57, TWITTER Inc. up 4.249% at $66.49, FORD MOTOR Co. up 3.421% to $15.42, NOV Inc. down 7.38% to $15.06, MODERNA Inc. down 4.21% to $212.04, SEAGEN Inc. down 1.134% at $156.88.

Economic news:

US: U.S. Treasury Secretary Janet Yellen on Wednesday warned Congress that the United States risks a debt default and a new financial crisis as soon as the August recess if lawmakers fail to act quickly to suspend or raise the federal borrowing limit.

In testimony to a Senate Appropriations subcommittee, Yellen said defaulting on U.S. debt obligations would be “unthinkable” and “would have absolutely catastrophic economic consequences.”

Yellen said that to avoid uncertainty for financial markets, Congress should pass new debt limit legislation – allowing the Treasury to continue borrowing – before the latest suspension expires on July 31.

An unprecedented default on U.S. government debt obligations “would precipitate a financial crisis, it would threaten the jobs and savings of Americans at a time when we’re still recovering from the COVID pandemic,” Yellen said.

“I would plead with Congress to simply protect the full faith and credit of the United States by acting to raise or suspend the debt limit as soon as possible.”

Eurozone: The Bank of England will say on Thursday whether it is worried about a recent jump in inflation, which broke above the central bank’s 2% target and looks set to climb higher as Britain reawakens its economy from its coronavirus slumber.

With global policymakers grappling with economic overheating risks against the backdrop of huge stimulus programmes, Governor Andrew Bailey and other BoE officials have mostly said Britain’s faster price growth is likely to prove transitory.

But last week, the U.S. Federal Reserve began to move towards reducing its pandemic stimulus by signalling its first-rate hike in 2023, a year earlier than previous projections, putting the focus on what other central banks might now do.

The BoE is expected to leave its benchmark rate at an all-time low of 0.1% and press on with its 895 billion-pound ($1.25 trillion) bond-buying programme when it announces its June policy decision at 1100 GMT.

But investors are watching to see if any other Monetary Policy Committee members join Chief Economist Andy Haldane who is likely to vote again to scale back the bond-buying programme at his final meeting before leaving the BoE.

Important Data: German Business Expectations (Jun) today at 4:00 this time estimated 103.9, previously which was 102.9. UK BoE Interest Rate Decision (Jun) today at 7:00 this time estimated 0.10%, previously which was 0.10%. US Core Durable Goods Orders (MoM) (May) today at 8:30 this time estimated 0.8%, previously which was 1.0%. US GDP (QoQ) (Q1) today at 8:30 this time estimated 6.4%, previously which was 4.3%.

TECHNICAL SUMMARY

GBPUSD



TRADE SUGGESTION- SELL AT 1.39563, TAKE PROFIT AT 1.39204 AND STOP LOSS AT 1.4000

EURUSD



TRADE SUGGESTION- SELL AT 1.19338, TAKE PROFIT AT 1.19041 AND STOP LOSS AT 1.19614

USDJPY



TRADE SUGGESTION- BUY AT 110.857, TAKE PROFIT AT 110.997 AND STOP LOSS AT 110.758

USDCHF



TRADE SUGGESTION- BUY AT 0.91830, TAKE PROFIT AT 0.92116 AND STOP LOSS AT 0.91646

DAX 30



TRADE SUGGESTION- SELL AT 15535.0 TAKE PROFIT AT 15402.6 AND STOP LOSS AT 15606.4

WTI CRUDE OIL



TRADE SUGGESTION- BUY AT 73.37 TAKE PROFIT AT 73.53 AND STOP LOSS AT 73.28

GOLD



TRADE SUGGESTION- SELL AT 1775.99, TAKE PROFIT AT 1768.84 AND STOP AT 1783.33

BTCUSD



TRADE SUGGESTION- SELL AT 33130.35 TAKE PROFIT AT 32177.78 AND STOP AT 34194.48

 

TECHNICAL ANALYSIS REPORT TODAY – 25 JUNE 2021
Asian shares rose on Friday. The Shanghai composite is up 1.07% at 3,604.82. Overall, the Singapore MSCI up 0.14% at 354.70. Over in Hong Kong, the Hang Seng Index up 1.24% to 29,191. In Japan, the Nikkei 225 up 0.73% at 29,020, while the Topix index is up 0.72% at 1956.5. South Korea’s Kospi up 0.48% to 3301.52. Australia S&P/ASX 200 up 0.50% at 7311.8.

European equities Thursday closing. The DAX futures contract in Germany traded 0.86% up at 15589.23, CAC 40 futures up 1.22% at 6631.16 and the UK 100 futures contract in the U.K. up 0.51% at 7,109.96.

In U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.95% at 34196.83. The S&P 500 up 0.58% to 4266.48 and the Nasdaq 100 up 0.05% at 14381.5, NYSE closes at 16558.62 up 0.74%.

In the Forex market, GBPUSD up 0.12% at 1.39295. The USDJPY down 0.01% at 110.835. The USDCHF down 0.01% at 0.91766. EURUSD up 0.08% at 1.19404, EUR/GBP up 0.12% at 0.85722. The USD/CNY down 0.21% at 6.4581, at the time of writing.

In the commodity market U.S. Gold futures up 0.29% at $1,780.44. Elsewhere, Silver futures up 0.90% to $26.137 per ounce, Platinum up 0.25% at $1099.7 per ounce, and Palladium up 0.40% to $2,656.00.

Crude Oil up on Friday; Brent crude oil up 0.30% to $75.76 barrel while U.S. West Texas Intermediate (CLc1) is up 0.01% at $70.60.

In the Cryptocurrency Markets, BTCUSD at 34551.77 down 0.28%, Ethereum at 1969.34 down 1.02%, Litecoin at 134.47 down 0.01%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY:

TESLA Inc. up 3.541% at $679.82, DISCOVERY Inc. up 3.021% at $28.65, BOEING Co. up 2.874% to $250.57, DOLLAR TREE Inc. down 2.118% to $99.34, BAIDU Inc. up 2.96% to $194.77, INTEL Corp. up 1.466% at $56.07.

Economic news:

US: Hours after President Joe Biden declared “We have a deal” to renew the infrastructure of the United States, the Senate’s top Republican lashed out at plans to follow the $1.2 trillion bipartisan bill with another measure funding what Democrats call “human infrastructure.”

Biden and top congressional Democrats – House of Representatives Speaker Nancy Pelosi and Senate Majority Leader Chuck Schumer – had long signaled their plan to link the bipartisan deal with another bill including spending on home health care and child care.

The second measure would be passed through a Senate maneuver called reconciliation https://www.reuters.com/world/us/us-senates-reconciliation-process-its-not-way-it-sounds-2021-06-16, which would allow it to take effect without Republican votes.

Biden told reporters at the White House that he expected quick action on both measures – or neither would survive.

“I expect that in the coming months this summer, before the fiscal year is over, that we will have voted on this (bipartisan) bill – the infrastructure bill – as well as voted on the budget resolution,” he said. “But if only one comes to me, I’m not signing it. It’s in tandem.”

Eurozone: European Central Bank Executive Board member Isabel Schnabel pledged that she and her colleagues will do everything needed to sustain the economic recovery, and warned governments not to undermine that by tightening fiscal policy too soon.

“The worst thing that can happen is that the support is ended prematurely. I can assure you that on the monetary-policy side, we’ll do everything to avoid that,” Schnabel said in an online event on Thursday.

“Maybe we should be worried more about fiscal policy,” she added, saying that in some countries “there’s already a debate ongoing about consolidation of public finances which may actually come a bit too early.”

Tensions were on display this week when Italian Prime Minister Mario Draghi, a former ECB president, insisted euro-area fiscal rules can’t return to how they were before the pandemic.

The directly contradicts Armin Laschet, the front-runner to succeed Angela Merkel as German chancellor, who said last week that stability policies will have to be reinstated when the effects of the pandemic on the global economy are over. Austrian Finance Minister Gernot Bluemel has made a similar case.

Important Data: US Personal Spending (MoM) (May) today at 8:30 this time estimated 0.4%, previously which was 0.5%. GfK German Consumer Climate (Jul) today at 7:00 this time estimated -4.0, previously which was -6.9. EURO ZONE Private Sector Loans (YoY) today at 4:00 previously which was 3.8%. US PCE price index (MoM) (May) today at 8:30 previously which was 0.6%.

TECHNICAL SUMMARY

GBPUSD



TRADE SUGGESTION- SELL AT 1.39236, TAKE PROFIT AT 1.38852 AND STOP LOSS AT 1.39453

EURUSD



TRADE SUGGESTION- SELL AT 1.19431, TAKE PROFIT AT 1.19215 AND STOP LOSS AT 1.19850

EURGBP



TRADE SUGGESTION- SELL AT 0.85750, TAKE PROFIT AT 0.85627 AND STOP LOSS AT 0.85896

EURJPY



TRADE SUGGESTION- SELL AT 132.335, TAKE PROFIT AT 132.001 AND STOP LOSS AT 132.591

FTSE 100



TRADE SUGGESTION- BUY AT 7122.9 TAKE PROFIT AT 7147.0 AND STOP LOSS AT 7096.3

WTI CRUDE OIL



TRADE SUGGESTION- BUY AT 73.32 TAKE PROFIT AT 73.44 AND STOP LOSS AT 73.29

GOLD



TRADE SUGGESTION- SELL AT 1779.49, TAKE PROFIT AT 1771.79 AND STOP AT 1789.78

LITECOIN



TRADE SUGGESTION- SELL AT 133.49 TAKE PROFIT AT 127.78 AND STOP AT 137.85

 

TECHNICAL ANALYSIS REPORT TODAY – 28 JUNE 2021
Asian shares started the week in a cautious mood on Monday. The Shanghai composite is down 0.14% at 3,602.08. Overall, the Singapore MSCI up 0.54% at 356.60. Over in Hong Kong, the Hang Seng Index down 0.28% to 28,960. In Japan, the Nikkei 225 down 0.28% at 28,960, while the Topix index is up 0.05% at 1959.5. South Korea’s Kospi down 0.03% to 3301.77. Australia S&P/ASX 200 down 0.01% at 7307.3.

European equities Friday closing. The DAX futures contract in Germany traded 0.12% up at 15607.97, CAC 40 futures down 0.12% at 6622.88 and the UK 100 futures contract in the U.K. up 0.37% at 7,136.08.

In U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.69% at 34433.85. The S&P 500 up 0.33% to 4280.69 and the Nasdaq 100 up 0.15% at 14369.0, NYSE closes at 16658.62 up 0.60%.

In the Forex market, GBPUSD up 0.25% at 1.39049. The USDJPY down 0.08% at 110.688. The USDCHF up 0.16% at 0.91817. EURUSD down 0.04% at 1.19297, EUR/GBP down 0.18% at 0.85793. The USD/CNY up 0.05% at 6.4576, at the time of writing.

In the commodity market U.S. Gold futures up 0.11% at $1,782.47. Elsewhere, Silver futures up 0.13% to $26.090 per ounce, Platinum down 0.32% at $1107.47 per ounce, and Palladium up 0.34% to $2,650.00.

Crude Oil up on Monday; Brent crude oil up 0.08% to $76.18 barrel while U.S. West Texas Intermediate (CLc1) is up 4.89% at $74.05.

In the Cryptocurrency Markets, BTCUSD at 34442.38 down 0.74%, Ethereum at 1980.44 down 0.14%, Litecoin at 131.40 down 0.84%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY:

NIKE Inc. up 15.531% at $154.35, CARMAX Inc. up 6.673% at $127.4, TELEFLEX Inc. up 2.842% to $412.21, FEDEX Corp. down 3.628% to $291.95, EBAY Inc. up 1.998% to $67.90, BAIDU Inc. up 4.041% at $202.64.

Economic news:

US: Republican Senate negotiators on an infrastructure deal were optimistic about a $1.2 trillion bipartisan bill on Sunday after President Joe Biden withdrew his threat to veto the measure unless a separate Democratic spending plan also passes Congress.

U.S. Senator Rob Portman said he and his fellow negotiators were “blindsided” by Biden’s comments on Thursday after a rare bipartisan compromise to fix the nation’s roads, bridges and ports.

“I was very glad to see the president clarify his remarks because it was inconsistent with everything that we had been told all along the way,” Portman said in an interview with ABC.

Moments after announcing the bipartisan deal on Thursday, Biden appeared to put it in jeopardy with his comment that the infrastructure bill would have to move “in tandem” with a larger bill that includes a host of Democratic priorities that he hopes to pass along party lines.

Eurozone: Britain has yet to receive a formal response from the European Union over its proposal to further extend a grace period on checks on some foodstuffs moving to Northern Ireland just days before the latest deadline, a minister said on Sunday.

“We think we have put forward a sensible proposal, something actually quite moderate while we work out a long-term solution and I am hopeful over the next few days that those technical discussions, we’ll be able to get that secured with the EU,” Northern Ireland minister Brandon Lewis told Times Radio.

“We’re coming very close up against the deadline now and we’ve not yet formally heard back from the EU. They need to come back to us. I am hopeful they will come back in a positive way.”

The current grace period waiving checks on British-made sausages and other chilled meats moving to Northern Ireland is due to end on June 30.

Important Data: JAPAN Retail Sales (YoY) (May) today at 19:50 this time estimated 7.9%, previously which was 11.9%. JAPAN Jobs/applications ratio (May) today at 19:30 this time estimated 1.08, previously which was 1.09. UK BoE MPC Member Haldane Speaks today at 8:00. US FOMC Member Quarles Speaks today at 13:10.

TECHNICAL SUMMARY

GBPUSD



TRADE SUGGESTION- SELL AT 1.39240, TAKE PROFIT AT 1.38730 AND STOP LOSS AT 1.39473

EURUSD



TRADE SUGGESTION- SELL AT 1.19386, TAKE PROFIT AT 1.19141 AND STOP LOSS AT 1.19504

USDJPY



TRADE SUGGESTION- BUY AT 110.643, TAKE PROFIT AT 110.859 AND STOP LOSS AT 110.457

USDCHF



TRADE SUGGESTION- BUY AT 0.91779, TAKE PROFIT AT 0.92003 AND STOP LOSS AT 0.91652

S&P 500



TRADE SUGGESTION- BUY AT 4283.69 TAKE PROFIT AT 4286.94 AND STOP LOSS AT 4280.90

WTI CRUDE OIL



TRADE SUGGESTION- BUY AT 73.88 TAKE PROFIT AT 74.13 AND STOP LOSS AT 73.83

GOLD



TRADE SUGGESTION- SELL AT 1782.59, TAKE PROFIT AT 1776.03 AND STOP AT 1789.28

ETHEREUM



TRADE SUGGESTION- SELL AT 2042.64 TAKE PROFIT AT 2017.30 AND STOP AT 2056.58

 

TECHNICAL ANALYSIS REPORT TODAY – 29 JUNE 2021
Asian shares dropped on Tuesday. The Shanghai composite is down 0.80% at 3,577.53. Overall, the Singapore MSCI down 1.42% at 351.00. Over in Hong Kong, the Hang Seng Index down 1.03% to 28,924. In Japan, the Nikkei 225 down 0.62% at 28,780, while the Topix index is down 0.56% at 1947.0. South Korea’s Kospi down 0.49% to 3285.63. Australia S&P/ASX 200 down 0.12% at 7298.8.

European equities Monday closing. The DAX futures contract in Germany traded 0.34% down at 15542.17, CAC 40 futures down 0.98% at 6558.03 and the UK 100 futures contract in the U.K. up 0.04% at 7,074.00.

In U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.44% at 34283.28. The S&P 500 up 0.23% to 4290.62 and the Nasdaq 100 down 0.16% at 14495.2, NYSE closes at 16573.72 down 0.51%.

In the Forex market, GBPUSD down 0.03% at 1.38721. The USDJPY up 0.01% at 110.606. The USDCHF up 0.09% at 0.91992. EURUSD down 0.04% at 1.19167, EUR/GBP up 0.07% at 0.85914. The USD/CNY up 0.06% at 6.4597, at the time of writing.

In the commodity market U.S. Gold futures down 0.08% at $1,776.65. Elsewhere, Silver futures down 0.01% to $26.048 per ounce, Platinum down 0.11% at $1089.74 per ounce, and Palladium down 0.43% to $2,678.50.

Crude Oil down on Tuesday; Brent crude oil down 0.13% to $74.48 barrel while U.S. West Texas Intermediate (CLc1) is down 1.74% at $72.76.

In the Cryptocurrency Markets, BTCUSD at 34880.79 up 1.14%, Ethereum at 2123.12 up 1.95%, Litecoin at 139.67 up 1.74%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY:

ETSY Inc. up 7.365% at $198.41, NVIDIA Corp. up 5.013% at $799.4, FACEBOOK up 4.18% to $355.64, INTEL Corp. up 2.808% to $57.48, CARNIVAL Corp. down 7.039% to $26.15, NOV Inc. down 6.003% at $14.72.

Economic news:

US: Two Federal Reserve officials on Monday expressed strong skepticism about the need for the central bank to issue a digital currency, saying that many dollar transactions are already virtual and some of the potential benefits of an official digital currency may be accomplished through other means.

The remarks, made at two separate events on Monday afternoon, suggest policymakers could face intense discussions as they explore the potential benefits, costs and logistics of creating a central bank digital currency, or CBDC.

Fed Vice Chair for Supervision Randal Quarles said any proposals to create a U.S. CBDC must clear a “high bar,” and that he needs to be convinced the potential benefits would outweigh the risks.

“Before we get carried away with the novelty, I think we need to subject the promises of a CBDC to a careful critical analysis,” Quarles said in remarks delivered in person during the annual Utah Bankers Association Convention.

The Fed official said the U.S. dollar is already “highly digitized” and expressed scepticism that a CBDC would help to improve financial inclusion or lower financial costs. Some of those issues may be better addressed with other solutions, such as improving access to low-cost bank accounts, Quarles said.

Eurozone: Banks in the euro zone are already recording a drop in credit quality and this trend is likely to accelerate once government support measures are removed, European Central Bank Vice President Luis de Guindos said on Monday.

“There are already some early signs of weakening credit quality, for example the share of loans reported as subject to heightened credit risk has risen significantly and asset quality is likely to deteriorate once support measures are phased out,” de Guindos said in a speech.

“The deterioration is most visible in sectors that were hit harder by the pandemic, such as services, while loan performance problems are less prevalent in manufacturing,” he added.

Important Data: AUSTRALIA Private Sector Credit (MoM) (May) today at 21:30 previously which was 0.2%. CHINA Manufacturing PMI (Jun) today at 21:00 this time estimated 50.8, previously which was 51.00. JAPAN Industrial Production (MoM) (May) today at 19:50 this time estimated -2.4%, previously which was 2.9%. US API Weekly Crude Oil Stock today at 16:30 previously which was -7.199M.

TECHNICAL SUMMARY

GBPUSD



TRADE SUGGESTION- SELL AT 1.38670, TAKE PROFIT AT 1.38483 AND STOP LOSS AT 1.38906

EURUSD



TRADE SUGGESTION- SELL AT 1.19157, TAKE PROFIT AT 1.18967 AND STOP LOSS AT 1.19293

EURGBP



TRADE SUGGESTION- BUY AT 0.8595, TAKE PROFIT AT 0.86116 AND STOP LOSS AT 0.85779

EURJPY



TRADE SUGGESTION- SELL AT 131.816, TAKE PROFIT AT 131.539 AND STOP LOSS AT 131.999

DJ EURO STOXX 50



TRADE SUGGESTION- SELL AT 4093.00 TAKE PROFIT AT 4072.00 AND STOP LOSS AT 4112.00

WTI CRUDE OIL



TRADE SUGGESTION- BUY AT 72.93 TAKE PROFIT AT 73.30 AND STOP LOSS AT 72.40

GOLD



TRADE SUGGESTION- SELL AT 1773.68, TAKE PROFIT AT 1769.26 AND STOP AT 1782.58

RIPPLE



TRADE SUGGESTION- SELL AT 0.6690 TAKE PROFIT AT 0.6504 AND STOP AT 0.6884

 

TECHNICAL ANALYSIS REPORT TODAY – 30 JUNE 2021
Asia Pacific stocks were mostly up Wednesday morning. The Shanghai composite is up 0.25% at 3,582.82. Overall, the Singapore MSCI up 1.60% at 356.70. Over in Hong Kong, the Hang Seng Index down 0.14% to 28,805. In Japan, the Nikkei 225 up 0.17% at 28,810, while the Topix index is down 0.05% at 1944.0. South Korea’s Kospi up 0.40% to 3299.99. Australia S&P/ASX 200 up 0.43% at 7332.2.

European equities Tuesday closing. The DAX futures contract in Germany traded 0.88% up at 15690.59, CAC 40 futures up 0.14% at 6567.44 and the UK 100 futures contract in the U.K. down 0.04% at 7,074.60.

In U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.03% at 34292.30. The S&P 500 up 0.03% to 4291.81 and the Nasdaq 100 down 0.07% at 14486.5, NYSE closes at 16547.57 down 0.16%.

In the Forex market, GBPUSD up 0.11% at 1.38455. The USDJPY down 0.02% at 110.457. The USDCHF up 0.12% at 0.92173. EURUSD up 0.02% at 1.18964, EUR/GBP up 0.01% at 0.85937. The USD/CNY down 0.09% at 6.4574, at the time of writing.

In the commodity market U.S. Gold futures down 0.20% at $1,757.20. Elsewhere, Silver futures up 0.06% to $25.759 per ounce, Platinum down 0.47% at $1064.46 per ounce, and Palladium up 0.15% to $2,686.00.

Crude Oil mix on Wednesday; Brent crude oil down 0.25% to $74.44 barrel while U.S. West Texas Intermediate (CLc1) is up 0.12% at $72.85.

In the Cryptocurrency Markets, BTCUSD at 35022.51 down 2.47%, Ethereum at 2134.61 down 1.31%, Litecoin at 142.28 down 1.23%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY:

MORGAN STANLEY up 3.352% at $90.64, NIKE Inc. up 2.356% at $155.95, ETSY Inc. up 2.077% to $202.53, CITI GROUP Inc. down 2.559% to $69.68, INTEL Inc. down 1.27% to $56.75, TESLA Inc. down 1.156% at $680.76.

Economic news:

US: U.S. free-trade agreements reached over the past 3 1/2 decades have had a “small but positive” effect on the world’s biggest economy, a report by a bipartisan federal agency analysing trade issues showed.

Trade pacts concluded since 1984 raised gross domestic product by $88.8 billion, or 0.5%, and added 485,000 full-time equivalent jobs, the International Trade Commission said in a 390-page report released Tuesday. Job gains weren’t evenly distributed, with the biggest improvements seen for college-educated males, it said.

While free-trade agreements “help level the playing field when other markets are less open than those of the U.S.,” critics say the deals “often serve the interests of multinational corporations at the expense of American workers — for example, by promoting trade liberalization and investor protections while failing to adequately protect worker rights and the environment,” the commission said.

The Biden administration has promised its trade policy will focus on workers and the middle class as the nation recovers from the Covid-19 pandemic.

The study examined the economic effects only of trade agreements for which Congress enacted implementing bills, including those under so-called Fast-Track Authority before 2002 and those made under Trade Promotion Authority since that year.

Eurozone: European airline passenger rights, which include carriers’ legal obligation to pay refunds for cancelled flights, have not been safeguarded during the COVID-19 pandemic, an EU report released on Tuesday said.

The European Court of Auditors (ECA) found that in virtually all cases airlines were able to sidestep rules requiring a cash refund for cancelled flights and offer customers vouchers for future journeys instead.

The ECA, which looks after the interests of taxpayers in the 27-member European Union but does not have legal powers, said travel restrictions led to 7,000 air routes being closed in the European airport network after the pandemic began last year.

Flight cancellations affected tens of millions of passengers across the bloc between March 2020 and March 2021, the ECA said.

EU law grants consumers immediate cash refunds for cancelled flights, plus compensation for those scrapped with less than two weeks’ notice or for delays of over three hours.

Important Data: German Unemployment Change (Jun) today at 3:55 this time estimated -20K, previously which was -15K. EURO ZONE CPI (YoY) (Jun) today at 5:00 this time estimated 1.9%, previously which was 2.00%. CANADA GDP (MoM) (Apr) today at 8:30 this time estimated -0.8%, previously which was 1.1%. US Crude Oil Inventories today at 10:30 this time estimated -4.686M, previously which was -7.614M.

TECHNICAL SUMMARY

GBPUSD



TRADE SUGGESTION- SELL AT 1.38438, TAKE PROFIT AT 1.38300 AND STOP LOSS AT 1.38551

EURUSD



TRADE SUGGESTION- SELL AT 1.18962, TAKE PROFIT AT 1.18731 AND STOP LOSS AT 1.19161

GBPJPY



TRADE SUGGESTION- SELL AT 152.994, TAKE PROFIT AT 152.754 AND STOP LOSS AT 153.366

CHFJPY



TRADE SUGGESTION- SELL AT 119.934, TAKE PROFIT AT 119.784 AND STOP LOSS AT 120.178

NASDAQ 100



TRADE SUGGESTION- BUY AT 14575.49 TAKE PROFIT AT 14583.67 AND STOP LOSS AT 14570.81

WTI CRUDE OIL



TRADE SUGGESTION- BUY AT 73.35 TAKE PROFIT AT 73.60 AND STOP LOSS AT 73.23

GOLD



TRADE SUGGESTION- SELL AT 1758.38, TAKE PROFIT AT 1755.12 AND STOP AT 1763.86

BTCUSD



TRADE SUGGESTION- SELL AT 34979.95 TAKE PROFIT AT 33750.57 AND STOP AT 35582.14

 

TECHNICAL ANALYSIS REPORT TODAY – 02 JULY 2021
Chinese shares dropped on Friday. The Shanghai composite is down 0.07% at 3,588.78. Overall, the Singapore MSCI up 0.10% at 355.55. Over in Hong Kong, the Hang Seng Index down 1.67% at 28,151. In Japan, the Nikkei 225 up 0.42% at 28,750, while the Topix index is up 0.90% at 1952.0. South Korea’s Kospi up 0.01% to 3282.54. Australia S&P/ASX 200 up 0.51% at 7302.5.

European equities Thursday closing. The DAX futures contract in Germany traded 0.47% up at 15603.81, CAC 40 futures up 0.71% at 6553.83 and the UK 100 futures contract in the U.K. up 1.25% at 7,125.17.

In U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.38% at 34633.54. The S&P 500 up 0.52% to 4319.93 and the Nasdaq 100 down 0.14% at 14533.3, NYSE closes at 16640.95 up 0.52%.

In the Forex market, GBPUSD up 0.06% at 1.37647. The USDJPY up 0.06% at 111.583. The USDCHF up 0.10% at 0.92618. EURUSD down 0.06% at 1.18415, EUR/GBP up 0.03% at 0.86019. The USD/CNY up 0.17% at 6.4802, at the time of writing.

In the commodity market U.S. Gold futures up 0.12% at $1,778.15. Elsewhere, Silver futures up 0.08% to $26.032 per ounce, Platinum up 0.57% at $1089.61 per ounce, and Palladium down 0.04% to $2,764.50.

Crude Oil up on Friday; Brent crude oil up 0.09% at $75.64 barrel while U.S. West Texas Intermediate (CLc1) is up 2.03% at $74.82.

In the Cryptocurrency Markets, BTCUSD at 32858.58 down 2.10%, Ethereum at 2029.71 down 3.70%, Litecoin at 131.43 down 4.12%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY:

VIATRIS Inc. up 3.219% at $14.75, KLA Corp. down 3.846% at $311.74, ETSY Inc. down 3.075% to $199.51, FACEBOOK up 1.921% to $354.39, FINSERV Inc. up 1.357% to $108.34, AMGEN Inc. up 1.292% at $246.9.

Economic news:

US: The Congressional Budget Office on Thursday doubled its forecast for U.S. economic growth in fiscal 2021 to 7.4% and said it expected the federal budget deficit to decline slightly to about $3 trillion despite higher coronavirus aid spending.

The upbeat forecast from the non-partisan CBO was mirrored by a sharply higher forecast for U.S. economic output from the International Monetary Fund, which raised its projection for U.S. gross domestic product growth to 7% from 6.4%.

The White House welcomed both of the rosy projections – along with others in recent weeks from the World Bank, the Organization for Economic Cooperation and Development and the Federal Reserve – as evidence that President Joe Biden’s plans to jumpstart the U.S. economy were working.

“Growth projections are up, deficit projections are down and unemployment will continue to decrease. Biden’s economy is booming,” a White House official said, adding that the newest forecasts also saw the current bump in consumer prices as temporary.

Eurozone: Britain’s finance minister pledged on Thursday to “sharpen” the competitive advantage of the UK financial services sector as he set out his vision for its future after the City of London lost business to the bloc after Brexit.

In his first Mansion House speech, traditionally an annual address given by the Chancellor of the Exchequer in the City of London financial district, Rishi Sunak said Britain’s departure from the European Union was a unique opportunity to tailor rules while maintaining high regulatory standards and open markets.

Brexit has largely severed the City’s ties with investors in the EU, triggering a shift in over 7,500 financial jobs from London to new hubs in the bloc, with Amsterdam leapfrogging London to become Europe’s biggest share trading centre.

Last year the finance ministry rolled out reviews to listings rules, fintech and insurance capital rules, and on Thursday it announced there would be further public consultations on financial reforms.

Important Data: US Average Hourly Earnings (YoY) (Jun) today at 8:35 this time estimated 3.7%, previously which was 2.0%. US Nonfarm Payrolls (Jun) today at 8:30 this time estimated 700K, previously which was 559K. CANADA Building Permits (MoM) (May) today at 8:30 this time estimated -0.3%, previously which was -0.5%. EURO ZONE ECB President Lagarde Speaks today at 8:30.

TECHNICAL SUMMARY

GBPUSD



TRADE SUGGESTION- SELL AT 1.37525, TAKE PROFIT AT 1.37197 AND STOP LOSS AT 1.37864

EURUSD



TRADE SUGGESTION- SELL AT 1.18333, TAKE PROFIT AT 1.18087 AND STOP LOSS AT 1.18610

USDJPY



TRADE SUGGESTION- BUY AT 111.577, TAKE PROFIT AT 111.619 AND STOP LOSS AT 111.526

USDCHF



TRADE SUGGESTION- BUY AT 0.92608, TAKE PROFIT AT 0.92642 AND STOP LOSS AT 0.92584

FTSE 100



TRADE SUGGESTION- BUY AT 7139.60 TAKE PROFIT AT 7169.50 AND STOP LOSS AT 7118.60

WTI CRUDE OIL



TRADE SUGGESTION- BUY AT 75.07 TAKE PROFIT AT 75.22 AND STOP LOSS AT 74.96

GOLD



TRADE SUGGESTION- BUY AT 1776.18, TAKE PROFIT AT 1783.84 AND STOP AT 1771.65

ETHEREUM



TRADE SUGGESTION- SELL AT 2032.56 TAKE PROFIT AT 1931.15 AND STOP AT 2139.13