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TECHNICAL ANALYSIS REPORT TODAY – 09 JULY 2021 Asia Pacific stocks are down Friday morning as concerns continue to mount about the spread of COVID-19 variants. The Shanghai composite is down 0.17% at 3,518.93. Overall, the Singapore MSCI up 0.77% at 353.45. Over in Hong Kong, the Hang Seng Index up 0.95% at 27,359. In Japan, the Nikkei 225 down 1.17% at 27,830, while the Topix index is down 0.94% at 1903.0. South Korea’s Kospi down 1.18% to 3212.70. Australia S&P/ASX 200 down 1.42% at 7237.5. European equities Thursday closing. The DAX futures contract in Germany traded 1.73% down at 15420.64, CAC 40 futures down 2.01% at 6396.74 and the UK 100 futures contract in the U.K. down 0.10% at 7,031.7. In U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.75% at 34421.94. The S&P 500 up 0.86% to 4320.83 and the Nasdaq 100 down 0.13% at 14707.3, NYSE closes at 16359.69 down 1.21%. In the Forex market, GBPUSD down 0.03% at 1.37668. The USDJPY up 0.22% at 109.99. The USDCHF up 0.11% at 0.91586. EURUSD down 0.06% at 1.18354, EUR/GBP up 0.03% at 0.859. The USD/CNY down 0.05% at 6.4864, at the time of writing. In the commodity market U.S. Gold futures flat at $1,802.15. Elsewhere, Silver futures down 0.26% to $25.857 per ounce, Platinum down 0.26% at $1074.59 per ounce, and Palladium down 0.25% to $2,793.50. Crude Oil mix on Friday; Brent crude oil down 0.27% at $74.16 barrel while U.S. West Texas Intermediate (CLc1) is up 0.63% at $73.13. In the Cryptocurrency Markets, BTCUSD at 33032.71 up 0.41%, Ethereum at 2140.86 up 1.17%, Litecoin at 131.64 down 0.42%, at the time of writing. TOP STOCKS TO WATCH OUT TODAY: BIOGEN Inc. up 3.861% at $369.05, BOEING Co. up 2.153% at $236.77, ETSY Inc. up 1.617% to $196.02, CSX Corp. down 6.155% to $30.95, METLIFE Inc. down 3.654% to $56.69, EBAY Inc. down 2.027% at $68.65. Economic news: US: Low vaccination rates in some regions of the world pose a threat to the United States and global growth, Federal Reserve’s Mary Daly told the Financial Times, adding that the central bank was fully committed to eliminating shortfalls in employment. Daly, president of the Federal Reserve Bank of San Francisco, said it was important for the rest of the world to reach higher rates of vaccination, and the inability to achieve that would be a “headwind” on U.S. economic growth. “I think one of the biggest risks to our global growth, going forward, is that we prematurely declare victory on COVID-19,” Daly said in the interview published on Friday. In the minutes of the central bank’s June policy meeting released on Wednesday, “various participants” felt conditions for reducing asset purchases would be “met somewhat earlier than they had anticipated.” Eurozone: The European Central Bank took a step in the Federal Reserve’s direction with its new inflation target of 2%, while stopping short of a similar commitment to let the economy run hot after a recovery. In announcing the results of its own long-running strategy review on Thursday, officials in Frankfurt said their new simpler approach “may also imply a transitory period in which inflation is moderately above target.” That contrasts with an explicit commitment from their U.S. counterparts to aim for a rate above its target after a period of weakness. “Are we doing average inflation targeting like the Fed? The answer is no, very squarely,” ECB President Christine Lagarde said in a news briefing. “There are multiple ways to deal with the effective lower bound,” she said, referring to interest rates that are so low that central banks risk running out of ammunition. The Fed last year decided to pursue an “average” 2% target, meaning it will let inflation overshoot during an economic upswing to make up for past shortfalls. The ECB decided to move away from its old goal of “below, but close to, 2%,” which was seen as vague and was drafted at a time when excessive price pressure was the main concern, not the opposite, as has been the case in the euro area in recent years. Important Data: CANADA Employment Change (Jun) today at 8:30 this time estimated 195K, previously which was -68K. CANADA Unemployment Rate (Jun) today at 8:30 this time estimated 7.7%, previously which was 8.2%. UK Trade Balance Non-EU (May) today at 2:00 previously which was -5.55B. US Fed Monetary Policy Report today at 19:50. TECHNICAL SUMMARY GBPUSD TRADE SUGGESTION- SELL AT 1.3767, TAKE PROFIT AT 1.37462 AND STOP LOSS AT 1.3792 EURUSD TRADE SUGGESTION- SELL AT 1.18254, TAKE PROFIT AT 1.18031 AND STOP LOSS AT 1.18324 GBPJPY TRADE SUGGESTION- SELL AT 151.518, TAKE PROFIT AT 151.347 AND STOP LOSS AT 151.623 CHFJPY TRADE SUGGESTION- SELL AT 120.034, TAKE PROFIT AT 119.775 AND STOP LOSS AT 120.384 DAX 30 TRADE SUGGESTION- SELL AT 15488.5 TAKE PROFIT AT 15400.4 AND STOP LOSS AT 15541.5 WTI CRUDE OIL TRADE SUGGESTION- SELL AT 73.23 TAKE PROFIT AT 72.73 AND STOP LOSS AT 73.76 GOLD TRADE SUGGESTION- BUY AT 1797.78, TAKE PROFIT AT 1807.78 AND STOP AT 1794.18 ETHEREUM TRADE SUGGESTION- SELL AT 2117.98 TAKE PROFIT AT 2034.79 AND STOP AT 2232.51
WEEKLY GLOBAL MARKETS TECHNICAL ANALYSIS REPORT – 12 JULY 2021 Construction PMI (Jun), U.K. WHEN: WHAT IT HAD INFLUENCED: 6th JULY 2021 GBP and its subsequent pairs WHAT HAPPENED: The Chartered Institute of Purchasing and Supply (CIPS) Construction Purchasing Manager’s Index (PMI) measures the activity level of purchasing managers in the construction industry. A reading above 50 indicates expansion in the construction industry; a reading below indicates contraction. GBPCAD was trading in the parallel channel, further upside can be seen in the coming days. Initial Jobless Claims, U.S. WHEN: WHAT IT HAD INFLUENCED: 8th JULY 2021 USD and its subsequent pairs WHAT HAPPENED: Initial Jobless Claims measures the number of individuals who filed for unemployment insurance for the first time during the past week. This is the earliest U.S. economic data, but the market impact varies from week to week. USDMXN is trading in the parallel channel, further upside can be seen in the coming days. Employment Change (Jun), CANADA WHEN: WHAT IT HAD INFLUENCED: 9th JULY 2021 CAD and its subsequent pairs WHAT HAPPENED: Employment Change measures the change in the number of people employed. Job creation is an important indicator of consumer spending. USDMXN is trading in the down channel, further downside can be seen in the coming days. Gold Has 3rd Weekly Gain With $1,800 Return WHAT IT HAD INFLUENCED: GOLD WHAT HAPPENED: Gold posted a third straight weekly gain on Friday, returning to crucial $1,800 support. But outlook for the yellow metal’s fans remained muddy, with no certainty on how long it will take for the much-touted U.S. inflation to accelerate its gains. Front-month gold futures on New York’s Comex settled at $1,810.60, up $10.40, or 1.5% on the day. The benchmark gold futures have gained around $40, or 2.3%, since its last negative weekly close four weeks ago, when it also tumbled to a two-month low of $1,761.20. Gold’s rise on Friday was fuelled by a weaker dollar. Both the U.S. currency and yields work in contrary mode to the precious metal. GOLD is trading in the parallel channel; further upside can be seen if it breaks the channel upside and vice-versa. Oil Has First Weekly Loss in Seven as OPEC Worry Tempers Bull Market WHAT IT HAD INFLUENCED: CRUDE OIL WHAT HAPPENED: Crude prices posted their first weekly loss since mid-May as worries about trouble within OPEC tempered the bull market for oil. The loss was a tiny red bleep after six straight weeks of gains and looked small enough — just 6% on the week — for longs in the market to shrug off. But the broader troubles within the 13-member Saudi-led Organization of the Petroleum Exporting Countries and its 10 oil producing allies led by Russia were large enough to remain on their minds. New York-traded West Texas Intermediate crude, the benchmark for U.S. oil, settled Friday’s trade up $1.62, or 2.2%, at $74.56 a barrel. London-traded Brent, the global benchmark for oil, settled Friday’s trade up $1.43, or 1.9%, at $75.55. For the week though, Brent lost 0.8%. WTI CRUDE OIL is currently in the upward channel. Further upside can be seen in the coming week. UK places crypto advertisements under “Red Alert” WHAT IT HAD INFLUENCED: BITCOIN WHAT HAPPENED: Moving forward, the United Kingdom Advertising Standards Authority (ASA) will scrutinize all marketing related to cryptocurrencies, especially on social media. Amid the U.K.’s seemingly harder stance on crypto regulations stance on the cryptocurrency business, authorities are planning to launch an effort this month to hunt and shut down deceptive crypto adverts. ASA, the U.K. advertising industry’s watchdog, is spearheading efforts to regulate cryptocurrency ads. According to a report by the Financial Times, Miles Lockwood, ASA’s director of complaints, said the authority would particularly target irresponsible crypto ads being spread online and on social media platforms. He added: Most crypto investments fall outside the scope of the UK’s strict rules for promoting traditional financial products, which are supervised by the Financial Conduct Authority. ASA is increasing its capacity to track bogus crypto ads using Artificial Intelligence (AI) and scraping. Defaulting companies will be issued warnings and may be required to add disclaimers to their advertisements. Already a Bitcoin poster sponsored by cryptocurrency exchange Luno was taken down by ASA in May. BTCUSD is trading in the parallel channel, further upside can be seen if it breaks the channel upside and vice-versa. 5 KEY EVENTS TO WATCH OUT CPI (YoY) (Jun), U.K. WHEN: WHAT IT INFLUENCES: 14th JULY 2021 GBP and its subsequent pairs WHAT’S HAPPENING: The Consumer Price Index (CPI) measures the change in the price of goods and services from the perspective of the consumer. It is a key way to measure changes in purchasing trends and inflation. A higher-than-expected reading ought to be taken as positive/bullish for the GBP, whereas a lower-than-expected reading should be taken as negative/bearish for the GBP. Core Retail Sales (MoM) (Jun), U.S. WHEN: WHAT IT INFLUENCES: 16th JULY 2021 USD and its subsequent pairs WHAT’S HAPPENING: Core Retail Sales measures the change in the total value of sales at the retail level in the U.S., excluding automobiles. It is an important indicator of consumer spending and is also considered as a pace indicator for the U.S. economy. A higher-than-expected reading ought to be taken as positive/bullish for the USD, whereas a lower-than-expected reading should be taken as negative/bearish for the USD. BoC Interest Rate Decision, CANADA WHEN: WHAT IT INFLUENCES: 14th JULY 2021 CAD and its subsequent pairs WHAT’S HAPPENING: Bank of Canada (BOC) governing council members come to a consensus on where to set the rate. Traders watch interest rate changes closely as short-term interest rates are the primary factor in currency valuation. A higher-than-expected reading ought to be taken as positive/bullish for the CAD, whereas a lower-than-expected reading should be taken as negative/bearish for the CAD. Employment Change (Jun), AUSTRALIA WHEN: WHAT IT INFLUENCES: 14th JULY 2021 AUD and its subsequent Pairs WHAT’S HAPPENING: Employment Change measures the change in the number of people employed. Job creation is an important indicator of consumer spending. A higher-than-expected reading ought to be taken as positive/bullish for the AUD, whereas a lower-than-expected reading should be taken as negative/bearish for the AUD. GDP (YoY) (Q2), CHINA WHEN: WHAT IT INFLUENCES: 14th JULY 2021 CNY and its subsequent pairs WHAT’S HAPPENING: Gross Domestic Product (GDP) measures the annualized change in the inflation-adjusted value of all goods and services produced by the economy. It is the broadest measure of economic activity and the primary indicator of the economy’s health. A higher-than-expected reading ought to be taken as positive/bullish for the CNY, whereas a lower-than-expected reading should be taken as negative/bearish for the CNY. EQUITIES IN THE COMING WEEK 1. JPMorgan (JPM) to announce its Quarterly Results on 13th JULY 2021, EPS estimated to 3.09 per share while revenue estimated 29.95B. 2. PepsiCo (PEP) to announce its Quarterly Results on 13th JULY 2021, EPS estimated to 1.52 per share while revenue estimated 17.94B. 3. Goldman Sachs (GS) to announce its Quarterly Results on 13th JULY 2021, EPS estimated to 9.41 per share while revenue estimated 11.89B. 4. Bank of America (BAC) to announce its Quarterly Results on 14th JULY 2021, EPS estimated to 0.7737 per share while revenue estimated 21.91B. 5. Morgan Stanley (MS) to announce its Quarterly Results on 15th JULY 2021, EPS estimated to 1.66 per share while revenue estimated 13.98B. TOP COMMODITIES IN THE COMING WEEK GOLD GOLD is trading in the parallel channel; further upside can be seen if it breaks the channel upside and vice-versa. SILVER SILVER is trading in the parallel channel; further upside can be seen if it breaks the channel upside and vice-versa. WTI CRUDE OIL WTI CRUDE OIL is currently in the upward channel. Further upside can be seen in the coming week. TOP CRYPTO IN THE COMING WEEK BTCUSD BTCUSD is trading in the parallel channel, further upside can be seen if it breaks the channel upside and vice-versa. ETHEREUM ETHEREUM is trading in the parallel channel, further upside can be seen if it breaks the channel upside and vice-versa. TOP CURRENCY IN THE COMING WEEK EURUSD EURUSD is trading in the parallel channel, further upside can be seen if it breaks the channel upside and vice-versa. GBPUSD GBPUSD is trading in the parallel channel, further upside can be seen if it breaks the channel upside and vice-versa. GBPJPY GBPJPY is trading in the parallel channel, further upside can be seen if it breaks the channel upside and vice-versa. TOP INDEX IN THE COMING WEEK FTSE 100 FTSE 100 is currently in the up channel. Further upside can be seen in the coming week. HANG SENG HANG SENG is currently in the down channel. Further downside can be seen in the coming week. NASDAQ 100 NASDAQ 100 is currently in an up channel. Further upside can be seen in the coming week. DATAWATCH
TECHNICAL ANALYSIS REPORT TODAY – 14 JULY 2021 Asian shares fell on Wednesday after data showing the biggest jump in U.S. inflation in 13 years. The Shanghai composite is down 0.55% at 3,547.12. Overall, the Singapore MSCI down 0.30% at 360.60. Over in Hong Kong, the Hang Seng Index down 0.22% at 27,819. In Japan, the Nikkei 225 down 0.10% at 28,620, while the Topix index is up 0.08% at 1965.5. South Korea’s Kospi down 0.22% to 3264.05. Australia S&P/ASX 200 up 0.40% at 7361.2. European equities Tuesday closing. The DAX futures contract in Germany traded 0.01% down at 15789.64, CAC 40 futures down 0.01% at 6558.48 and the UK 100 futures contract in the U.K. down 0.01% at 7,124.73. In U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.31% at 34888.80. The S&P 500 down 0.35% to 4369.20 and the Nasdaq 100 down 0.06% at 14870.6, NYSE closes at 16575.77 down 0.58%. In the Forex market, GBPUSD up 0.16% at 1.38245. The USDJPY down 0.10% at 110.511. The USDCHF down 0.05% at 0.91802. EURUSD up 0.10% at 1.17879, EUR/GBP down 0.04% at 0.85202. The USD/CNY up 0.05% at 6.4719, at the time of writing. In the commodity market U.S. Gold futures up 0.28% at $1,813.27. Elsewhere, Silver futures up 0.45% to $26.08 per ounce, Platinum up 0.41% at $1112.03 per ounce, and Palladium up 0.12% to $2,831.87. Crude Oil up on Wednesday; Brent crude oil up 0.05% at $76.37 barrel while U.S. West Texas Intermediate (CLc1) is up 0.75% at $74.32. In the Cryptocurrency Markets, BTCUSD at 31864.36 down 2.58%, Ethereum at 1880.67 down 3.07%, Litecoin at 125.20 down 4.38%, at the time of writing. TOP STOCKS TO WATCH OUT TODAY: PEPSI Co. Inc. up 2.308% at $152.96, MASTERCARD Inc. up 2.17% at $383.71, BOEING Inc. down 4.234% to $228.20, CARNIVAL Corp. down 4.233% to $22.85, HP Inc. down 3.492% to $28.19, TESLA Inc. down 2.503% at $668.54. Economic news: US: U.S. President Joe Biden’s drive for big new infrastructure investment got a boost on Tuesday when leading Senate Democrats agreed on a $3.5 trillion investment plan, they aim to include in a budget resolution to be debated soon, Senate Majority Leader Chuck Schumer said. “We have come to an agreement,” Schumer told reporters after more than two hours of closed-door talks that included Senate Budget Committee Democrats and White House officials. Republicans have not been part of these negotiations. “You add that to the $600 billion in a bipartisan plan and you get to $4.1 trillion, which is very, very close to what President Biden has asked us for,” Schumer said. Schumer was referring to work being done on a separate, bipartisan infrastructure bill totalling $1.2 trillion, of which nearly $600 billion would be new spending. This bill would finance the rebuilding of roads, bridges and other traditional infrastructure, as well as expand broadband internet service to many rural parts of the United States. Democratic and Republican negotiators on the bipartisan measure also reported progress late in the day. Eurozone: The European Central Bank is set to give the green light on Wednesday to a multi-year project to create a digital version of the euro. An electronic equivalent of banknotes and coins, the digital euro will likely be a digital wallet that euro zone citizens can keep at the ECB. It is part of a drive by central banks to meet growing demand for electronic means of payment and tackle a boom in private sector digital currencies from Bitcoin to Facebook (NASDAQ:FB)’s proposed Diem. WHAT IS A DIGITAL EURO? It will be a means of payment that gives holders a claim against the ECB – like banknotes and coins, but in digital format. It will probably resemble an online bank account or digital wallet held directly at the ECB rather than at a commercial institution. This is a fundamental difference because the ECB cannot run out of euros, making its digital currency intrinsically safer than any private sector counterpart. Important Data: EURO ZONE Industrial Production (MoM) (May) today at 5:00 this time estimated -0.2%, previously which was 0.8%. US PPI (MoM) (Jun) today at 8:30 this time estimated 0.6%, previously which was 0.8%. CANADA BoC Interest Rate Decision today at 10:00 this time estimated 0.25%, previously which was 0.25%. AUSTRALIA Employment Change (Jun) today at 21:30 this time estimated 30.0K, previously which was 115.2K. TECHNICAL SUMMARY GBPUSD TRADE SUGGESTION- SELL AT 1.38428, TAKE PROFIT AT 1.38109 AND STOP LOSS AT 1.38930 EURUSD TRADE SUGGESTION- SELL AT 1.179, TAKE PROFIT AT 1.17694 AND STOP LOSS AT 1.18017 GBPJPY TRADE SUGGESTION- SELL AT 152.881, TAKE PROFIT AT 152.555 AND STOP LOSS AT 153.137 CHFJPY TRADE SUGGESTION- SELL AT 120.250, TAKE PROFIT AT 120.010 AND STOP LOSS AT 120.569 NASDAQ 100 TRADE SUGGESTION- BUY AT 14864.24 TAKE PROFIT AT 14884.50 AND STOP LOSS AT 14839.4 WTI CRUDE OIL TRADE SUGGESTION- BUY AT 75.04 TAKE PROFIT AT 75.32 AND STOP LOSS AT 74.84 GOLD TRADE SUGGESTION- BUY AT 1811.45, TAKE PROFIT AT 1816.08 AND STOP AT 1808.93 BTCUSD TRADE SUGGESTION- SELL AT 31879.74 TAKE PROFIT AT 31013.95 AND STOP AT 32587.31
TECHNICAL ANALYSIS REPORT TODAY – 15 JULY 2021 Asia Pacific stocks were mostly up on Thursday morning. The Shanghai composite is up 0.68% at 3,552.54. Overall, the Singapore MSCI down 0.93% at 356.95. Over in Hong Kong, the Hang Seng Index up 1.15% at 28,097. In Japan, the Nikkei 225 down 1.09% at 28,230, while the Topix index is down 1.05% at 1938.0. South Korea’s Kospi up 0.58% to 3283.69. Australia S&P/ASX 200 down 0.30% at 7332.4. European equities Wednesday closing. The DAX futures contract in Germany traded flat at 15788.98, CAC 40 futures flat at 6558.39 and the UK 100 futures contract in the U.K. down 0.47% at 7,091.20. In U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.13% at 34933.24. The S&P 500 up 0.12% to 4374.31 and the Nasdaq 100 up 0.17% at 14900.44, NYSE closes at 16543.77 down 0.19%. In the Forex market, GBPUSD down 0.07% at 1.38503. The USDJPY down 0.15% at 109.78. The USDCHF down 0.06% at 0.9137. EURUSD up 0.07% at 1.18429, EUR/GBP up 0.15% at 0.85496. The USD/CNY down 0.15% at 6.4588, at the time of writing. In the commodity market U.S. Gold futures up 0.16% at $1,830.00. Elsewhere, Silver futures up 0.51% to $26.359 per ounce, Platinum up 1.33% at $1140.91 per ounce, and Palladium down 0.30% to $2,818.00. Crude Oil up on Thursday; Brent crude oil down 0.56% at $74.10 per barrel while U.S. West Texas Intermediate (CLc1) is down 1.21% at $73.42. In the Cryptocurrency Markets, BTCUSD at 32559.46 down 0.8%, Ethereum at 1962.47 down 1.58%, Litecoin at 128.23 down 2.00%, at the time of writing. TOP STOCKS TO WATCH OUT TODAY: APPLE Inc. up 2.41% at $149.15, COCA COLA Co. up 2.254% at $56.26, HESS Corp. down 4.195% to $80.39, MODERNA Inc. up 4.895% to $246.66, OKTA Inc. down 2.806% to $242.10, TESLA Inc. down 2.268% at $653.38. Economic news: US: The U.S. Treasury said on Wednesday that about $15 billion was paid to families in the first monthly installment of the Child Tax Credit that was expanded under President Joe Biden’s $1.9 trillion COVID-19 legislation known as the American Rescue Plan. Treasury said that the July payments went to families with nearly 60 million eligible children. Eligible families received an initial monthly payment of up to $300 for each child under 6-years-old and up to $250 for each child age 6-17. The ARP made half of the tax credit for the 2021 tax year payable in advance by the Internal Revenue Service in monthly instalments from July through December this year, with the remainder payable upon the filing of tax returns in 2022. The Biden administration has proposed making the monthly advance payment of the tax credit permanent as a means to reduce child poverty. The Treasury estimated that under previous rules, families with more than 26 million children would have received less than the full, expanded credit because their incomes were too low. A senior Biden administration official told reporters on a conference call that 35.2 million families would be receiving the July payment, but an IRS estimate of 39 million families receiving the payments would soon be achieved, as some have yet to register. Eurozone: Bank of England Governor Andrew Bailey said the BoE would assess inflation data for things that could be temporary, before taking a call on raising rates and tightening the economy’s money supply. Official data published on Wednesday showed British inflation hit 2.5% in the 12 months to June, surging above the central bank’s target. “(Wednesday’s) number – yes, it was higher than we thought it would be,” Bailey told https:// Business Live in an interview published Thursday. “What we will have to do, again, is go through all the evidence and assess to what extent we think the sorts of things that underlie that are likely to be transitory.” According to Business Live, Bailey highlighted the rise in oil prices over the last year as one such transitory issue. The central bank’s Monetary Policy Committee will not hesitate to use policy tools if the causes behind rise in prices are persistent, he added. “The committee has been very clear – if we think the case is made, then of course, we will respond.” Important Data: US Initial Jobless Claims today at 8:30 this time estimated 360K, previously which was 373K. US Export Price Index (MoM) (Jun) today at 8:30 this time estimated 1.2%, previously which was 2.2%. RUSSIA Central Bank Reserves (USD) today at 9:00 previously which was 590.7B. NEWZEALAND CPI (QoQ) (Q2) today at 18:45 this time estimated 0.8%, previously which was 0.8%. TECHNICAL SUMMARY GBPUSD TRADE SUGGESTION- SELL AT 1.38496, TAKE PROFIT AT 1.38698 AND STOP LOSS AT 1.38192 EURUSD TRADE SUGGESTION- SELL AT 1.18373, TAKE PROFIT AT 1.18196 AND STOP LOSS AT 1.18681 USDJPY TRADE SUGGESTION- SELL AT 109.760, TAKE PROFIT AT 109.443 AND STOP LOSS AT 109.931 USDCHF TRADE SUGGESTION- SELL AT 0.91388, TAKE PROFIT AT 0.91356 AND STOP LOSS AT 0.91428 DOW JONES TRADE SUGGESTION- BUY AT 34726.00 TAKE PROFIT AT 34889.00 AND STOP LOSS AT 34571.00 WTI CRUDE OIL TRADE SUGGESTION- SELL AT 72.11 TAKE PROFIT AT 71.76 AND STOP LOSS AT 72.45 GOLD TRADE SUGGESTION- BUY AT 1830.85, TAKE PROFIT AT 1832.09 AND STOP AT 1830.25 LITECOIN USD TRADE SUGGESTION- SELL AT 128.218 TAKE PROFIT AT 119.634 AND STOP AT 137.670
TECHNICAL ANALYSIS REPORT TODAY – 16 JULY 2021 Asia Pacific stocks were mostly down on Friday morning. The Shanghai composite is down 0.02% at 3,563.78. Overall, the Singapore MSCI up 0.39% at 357.85. Over in Hong Kong, the Hang Seng Index up 0.25% at 28,082. In Japan, the Nikkei 225 down 0.82% at 27,990, while the Topix index is down 0.08% at 1934.0. South Korea’s Kospi down 0.52% to 3269.11. Australia S&P/ASX 200 down 0.01% at 7335.4. European equities Thursday closing. The DAX futures contract in Germany traded down 1.01% at 15629.66, CAC 40 futures down 0.99% at 6493.37 and the UK 100 futures contract in the U.K. up 0.13% at 7,017.30. In U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.15% at 34987.03. The S&P 500 down 0.33% to 4360.04 and the Nasdaq 100 up 0.03% at 14793.6, NYSE closes at 16499.05 down 0.27%. In the Forex market, GBPUSD up 0.11% at 1.38359. The USDJPY up 0.17% at 109.998. The USDCHF up 0.08% at 0.91842. EURUSD down 0.01% at 1.1809, EUR/GBP down 0.01% at 0.8535. The USD/CNY up 0.07% at 6.4651, at the time of writing. In the commodity market U.S. Gold futures down 0.14% at $1,826.32. Elsewhere, Silver futures up 0.11% to $26.358 per ounce, Platinum down 0.02% at $1136.72 per ounce, and Palladium up 0.38% to $2,740.50. Crude Oil mix on Friday; Brent crude oil up 0.30% at $73.46 per barrel while U.S. West Texas Intermediate (CLc1) is down 0.75% at $72.87. In the Cryptocurrency Markets, BTCUSD at 31961.62 up 0.35%, Ethereum at 1946.92 up 1.62%, Litecoin at 127.01 up 1.07%, at the time of writing. TOP STOCKS TO WATCH OUT TODAY: US Bancorp up 3.211% at $58.82, Best Buy Co. up 1.902% at $112, NVIDIA Corp. down 4.411% to $758.65, Microchip Technology Inc up 4.243% to $137.45, Gap Inc. down 4.129% to $29.72, Nov Inc. down 3.683% at $13.86. Economic news: US: The Federal Reserve will shutter its asset purchases programme by end-2022, according to a Reuters poll, with a few more economists now predicting a rate hike as early as next year, but they pegged new COVID-19 variants as the biggest economic risk. However, Fed chair Jerome Powell said on Wednesday withdrawing monetary policy support was a long way off, with 7.5 million jobs still missing from before the pandemic. Following his testimony, where he also concluded that high inflation would be transitory, the U.S. 10-year yield and the greenback declined, while stocks rose. The July 12-15 poll of over 100 economists showed the U.S. economy would grow at a healthy pace and also that elevated inflation would prevail longer than previously expected. Last month, a majority of economists had predicted the Fed would announce a taper plan to its $120 billion monthly asset purchases sometime this year, with the withdrawal to start early next year. All but two of 41 economists who answered an additional question said the Fed will have completely stopped its pandemic support bond buys by end-2022. Eurozone: Britain’s economy will expand rapidly this quarter as additional coronavirus-related restrictions are lifted and further pent-up demand is unleashed, a Reuters poll found, but growth is at risk from new variants of COVID-19. The country has suffered the highest death toll in Europe from the pandemic but a fast-moving vaccine rollout has allowed the government to withdraw many of the lockdown restrictions, with more set to lifted on Monday. Gross domestic product will grow 2.5% this quarter, the July 12-15 poll found, a touch better than the 2.4% predicted last month. But medians showed that pace was expected to slow to 1.4% next quarter and then to 0.9% in early 2022, unchanged from last month’s forecasts. “So far, the UK data look promising in two respects. First, vaccines seem to have significantly reduced the health risks from the virus,” said Holger Schmieding, chief economist at Berenberg. “Second, the UK’s GDP estimate for May shows that activity has rebounded with the easing of restrictions. Important Data: EURO ZONE CPI (YoY) (Jun) today at 5:00 this time estimated 1.9%, previously which was 2.0%. US Core Retail Sales (MoM) (Jun) today at 8:30 this time estimated 0.4%, previously which was -0.7%. CANADA Wholesale Sales (MoM) (May) today at 8:30 this time estimated 1.1%, previously which was 0.4%. RUSSIA PPI (YoY) (Jun) today at 12:00 previously which was 35.3%. TECHNICAL SUMMARY GBPUSD TRADE SUGGESTION- SELL AT 1.38297, TAKE PROFIT AT 1.38119 AND STOP LOSS AT 1.38469 EURUSD TRADE SUGGESTION- SELL AT 1.18043, TAKE PROFIT AT 1.17975 AND STOP LOSS AT 1.18198 EURGBP TRADE SUGGESTION- SELL AT 0.85359, TAKE PROFIT AT 0.85311 AND STOP LOSS AT 0.85387 EURJPY TRADE SUGGESTION- SELL AT 129.846, TAKE PROFIT AT 129.784 AND STOP LOSS AT 130.105 FTSE 100 TRADE SUGGESTION- SELL AT 7010.7 TAKE PROFIT AT 6989.1 AND STOP LOSS AT 7027.6 WTI CRUDE OIL TRADE SUGGESTION- SELL AT 71.47 TAKE PROFIT AT 70.99 AND STOP LOSS AT 71.94 GOLD TRADE SUGGESTION- BUY AT 1824.12, TAKE PROFIT AT 1829.46 AND STOP AT 1822.36 BTC USD TRADE SUGGESTION- SELL AT 31736.26 TAKE PROFIT AT 30981.04 AND STOP AT 32651.10
TECHNICAL ANALYSIS REPORT TODAY – 19 JULY 2021 Asia Pacific stocks were down, falling to a one-week low, on Monday morning. The Shanghai composite is down 0.19% at 3,532.83. Overall, the Singapore MSCI down 1.02% at 354.95. Over in Hong Kong, the Hang Seng Index down 1.86% at 27,500. In Japan, the Nikkei 225 down 1.22% at 27,590, while the Topix index is down 1.22% at 1903.0. South Korea’s Kospi down 0.91% to 3247.25. Australia S&P/ASX 200 down 0.78% at 7290.9. European equities Friday closing. The DAX futures contract in Germany traded down 0.57% at 15540.31, CAC 40 futures down 0.51% at 6460.09 and the UK 100 futures contract in the U.K. down 0.46% at 6,943.80. In U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.86% at 34687.86. The S&P 500 down 0.75% to 4327.15 and the Nasdaq 100 down 0.17% at 14657.2, NYSE closes at 16364.66 down 0.81%. In the Forex market, GBPUSD down 0.02% at 1.37522. The USDJPY down 0.07% at 109.945. The USDCHF up 0.11% at 0.91952. EURUSD up 0.01% at 1.18027, EUR/GBP up 0.018% at 0.85823. The USD/CNY up 0.03% at 6.4807, at the time of writing. In the commodity market U.S. Gold futures up 0.04% at $1,811.56. Elsewhere, Silver futures down 0.82% to $25.440 per ounce, Platinum down 0.05% at $1102.03 per ounce, and Palladium up 0.13% to $2,633.50. Crude Oil mix on Monday; Brent crude oil down 0.42% at $72.79 per barrel while U.S. West Texas Intermediate (CLc1) is up 0.07% at $72.92. In the Cryptocurrency Markets, BTCUSD at 31847.98 up 0.22%, Ethereum at 1908.91 up 0.95%, Litecoin at 119.51 down 0.04%, at the time of writing. TOP STOCKS TO WATCH OUT TODAY: TELEFLEX Inc. up 3.753% at $390.32, GAP Inc. down 4.711% at $28.32, NVIDIA Corp. down 4.246% to $726.44, KLA Corp. down 3.467% to $293.22, BAIDU Inc. down 3.202% to $179.58, MICRO CHIP TECHNOLOGY Inc. down 2.685% at $133.76. Economic news: US: U.S. lawmakers trying to salvage a $1.2 trillion bipartisan infrastructure bill have dropped a provision to beef up tax enforcement, Republican Senator Rob Portman said on Sunday, setting aside a significant revenue-raising measure. The provision, aimed at increasing Internal Revenue Service (IRS) collections, will instead likely be added to a separate budget “reconciliation” bill being pushed by Democrats as a vehicle for passing trillions of dollars more in spending and tax increases, Portman said on CNN’s State of the Union program. President Joe Biden has said he wants to invest $80 billion in IRS technology and enforcement to increase collections of taxes by $700 billion over 10 years. The provision outlined in the infrastructure bill would account for around $100 billion of that larger goal, according to Democratic senators’ estimates. The decision to exclude the IRS provision from the $1.2 trillion infrastructure bill comes as senators and the White House are trying to negotiate the final details of the package ahead of a key procedural vote planned for Wednesday. Senate Majority Leader Chuck Schumer has said he wants to hold a “cloture” vote to meet the 60-vote threshold needed to end debate and allow the infrastructure bill to proceed to a final vote. Eurozone: Britain will set out a plan on Monday to stimulate trade with 70 developing economies by lowering tariffs and simplifying rules, its latest push to promote freer global commerce after regaining control of its trade policy following Brexit. The government will detail the Developing Countries Trading Scheme in a consultation document. The plan builds on an existing European Union scheme that Britain was part of before leaving the bloc at the end of last year and has kept in place while working on its new programme. “Now the UK is an independent trading nation we have a huge opportunity do things differently, taking a more liberal, pro-trade approach that leads to growth and opportunity,” trade minister Liz Truss said. The scheme seeks to further reduce the bureaucratic burden of trade between Britain and developing countries, as well as countries classed as low or lower-middle income such as Pakistan, Nigeria and Indonesia. As well as reducing tariffs for goods coming into Britain, the scheme aims to simplify the “rules of origin” that determine where a product with a cross-border supply chain is made for taxation purposes. Important Data: US 3-Month Bill Auction today at 11:30 previously which was 0.05%. JAPAN National Core CPI (YoY) (Jun) today at 19:30 this time estimated 0.2%, previously which was 0.1%. CHINA PBoC Loan Prime Rate today at 21:30 previously which was 3.85%. AUSTRALIA RBA Meeting Minutes today at 21:30. TECHNICAL SUMMARY GBPUSD TRADE SUGGESTION- SELL AT 1.37489, TAKE PROFIT AT 1.37373 AND STOP LOSS AT 1.37632 EURUSD TRADE SUGGESTION- SELL AT 1.17988, TAKE PROFIT AT 1.17716 AND STOP LOSS AT 1.18173 GBPJPY TRADE SUGGESTION- SELL AT 151.212, TAKE PROFIT AT 150.605 AND STOP LOSS AT 151.555 CHFJPY TRADE SUGGESTION- SELL AT 119.526, TAKE PROFIT AT 119.230 AND STOP LOSS AT 119.781 DOW JONES TRADE SUGGESTION- SELL AT 34418 TAKE PROFIT AT 34309 AND STOP LOSS AT 34588 WTI CRUDE OIL TRADE SUGGESTION- SELL AT 71.08 TAKE PROFIT AT 69.85 AND STOP LOSS AT 71.69 GOLD TRADE SUGGESTION- SELL AT 1803.62, TAKE PROFIT AT 1797.65 AND STOP AT 1809.17 LITECOIN USD TRADE SUGGESTION- SELL AT 120.298 TAKE PROFIT AT 118.095 AND STOP AT 126.77
TECHNICAL ANALYSIS REPORT TODAY – 21 JULY 2021 Asian shares stumbled on Wednesday. The Shanghai Composite is up 0.74% at 3,562.97. Overall, the Singapore MSCI down 0.34% at 354.10. Over in Hong Kong, the Hang Seng Index down 0.34% at 27,141. In Japan, the Nikkei 225 up 0.55% at 27,560, while the Topix index is up 0.87% at 1907.5. South Korea’s Kospi down 0.52% to 3215.91. Australia S&P/ASX 200 up 0.78% at 7308.7. European equities Tuesday closing. The DAX futures contract in Germany traded up 0.55% at 15216.27, CAC 40 futures up 0.73% at 6392.88 and the UK 100 futures contract in the U.K. up 0.43% at 6,936.00. In U.S. on Wall Street, the Dow Jones Industrial Average closed up 1.62% at 34512.00. The S&P 500 up 1.52% to 4323.05 and the Nasdaq 100 down 0.02% at 14737.2, NYSE closes at 16321.93 up 1.68%. In the Forex market, GBPUSD down 0.16% at 1.3598. The USDJPY up 0.08% at 109.927. The USDCHF up 0.16% at 0.92269. EURUSD down 0.17% at 1.17564, EUR/GBP up 0.09% at 0.86449. The USD/CNY down 0.15% at 6.4753, at the time of writing. In the commodity market U.S. Gold futures up 0.04% at $1,810.54. Elsewhere, Silver futures up 0.77% to $25.116 per ounce, Platinum up 0.34% at $1071.68 per ounce, and Palladium up 0.69% to $2,659.80. Crude Oil up on Wednesday; Brent crude oil up 0.80% at $69.17 per barrel while U.S. West Texas Intermediate (CLc1) is up 0.96% at $67.03. In the Cryptocurrency Markets, BTCUSD at 30802.73 up 3.41%, Ethereum at 1871.26 up 4.74%, Litecoin at 111.75 up 4.24%, at the time of writing. TOP STOCKS TO WATCH OUT TODAY: CARNIVAL Corp. up 7.454% at $21.19, PVH Corp. up 6.397% at $99.8, AUTODESK Inc. up 3.066% to $296.12, DEXCOM Inc. up 2.908% to $447.7, DOCUSIGN Inc. up 4.073% to $301.27, CLOROX Co. down 2.85% at $182.39. Economic news: US: U.S. homebuilding increased more than expected in June, but permits for future home construction fell to an eight-month low, likely reflecting hesitancy caused by expensive building materials as well as shortages of labor and land. The report from the Commerce Department on Tuesday suggested a severe shortage of houses, which has boosted prices and sparked bidding wars across the country, could persist for a while. Demand for houses is being driven by low mortgage rates and a desire for more spacious accommodations during the COVID-19 pandemic. Though lumber prices are coming down from record highs, builders are paying more for steel, concrete and lighting, and are grappling with shortages of appliances like refrigerators. “Reports of multi-month delays in the delivery of windows, heating units, refrigerators and other items have popped up across the country, delaying delivery of homes and forcing builders to cap activity, and many builders continue to point to a shortage of available workers as a separate challenge,” said Matthew Speakman, an economist at Zillow. Eurozone: The European Central Bank starts a potentially heated two-day meeting on Wednesday, with officials needing to decide how their newly unveiled monetary strategy affects near-term policy. After raising their inflation goal to 2% earlier this month and pledging to be “forceful or persistent” to hit it, the challenge for policy makers is to make clear what such an approach means for interest rates and bond-buying. Disagreements immediately surfaced when drafts of potential wording were circulated, Bloomberg reported last week. President Christine Lagarde heightened the anticipation by promising “interesting variations and changes” to Thursday’s policy announcement and her press conference. She also acknowledged that the unanimity she achieved in the strategy review when it concluded this month will be hard to replicate. Forward guidance, the language central banks use to describe the future policy path, has become an important tool in times of uncertainty. The aim is to prevent unwelcome market speculation that increases volatility and undermines the economy. Important Data: US Crude Oil Inventories today at 10:30 this time estimated -4.466M, previously which was -7.897M. CANADA New Housing Price Index (MoM) (Jun) today at 8:30 previously which was 1.4%. AUSTRALIA NAB Quarterly Business Confidence today at 21:30 previously which was 17. US Cushing Crude Oil Inventories today at 10:30 previously which was -1.589M. TECHNICAL SUMMARY GBPUSD TRADE SUGGESTION- SELL AT 1.35970, TAKE PROFIT AT 1.35872 AND STOP LOSS AT 1.36089 EURUSD TRADE SUGGESTION- SELL AT 1.17506, TAKE PROFIT AT 1.17491 AND STOP LOSS AT 1.17514 USDJPY TRADE SUGGESTION- BUY AT 0.86341, TAKE PROFIT AT 0.86197 AND STOP LOSS AT 0.86604 EURJPY TRADE SUGGESTION- SELL AT 129.476, TAKE PROFIT AT 129.273 AND STOP LOSS AT 129.605 NIKKEI 225 TRADE SUGGESTION- SELL AT 27682.0 TAKE PROFIT AT 27398.0 AND STOP LOSS AT 27820.0 WTI CRUDE OIL TRADE SUGGESTION- SELL AT 67.41 TAKE PROFIT AT 66.31 AND STOP LOSS AT 68.39 GOLD TRADE SUGGESTION- SELL AT 1804.76, TAKE PROFIT AT 1798.47 AND STOP AT 1811.71 LITECOIN USD TRADE SUGGESTION- SELL AT 122.41 TAKE PROFIT AT 104.63 AND STOP AT 124.79
TRADE SIGNAL AS ON 22-07-2021 NZDCHF BUY = 0.6387 TARGET= 0.6403 SL= 0.6371 BRENT CRUDE OIL BUY = 72.11 TARGET= 72.96 SL= 71.44 ABB Ltd BUY = 32.67 TARGET= 32.79 SL= 32.58 ETHEREUM BUY = 1976.88 TARGET= 2036.43 SL= 1938.78 DJ EURO STOXX 50 BUY = 4034 TARGET = 4050 SL= 4022 Read Daily 15+ Trade Signals - Click here
TECHNICAL ANALYSIS REPORT TODAY – 23 JULY 2021 Asian share markets were in a mixed mood on Friday. The Shanghai composite is down 0.73% at 3,548.59. Overall, the Singapore MSCI down 0.36% at 360.45. Over in Hong Kong, the Hang Seng Index down 1.07% at 27,410. In Japan, the Nikkei 225 flat at 27,910, while the Topix index is flat at 1935.5. South Korea’s Kospi up 0.13% to 3254.50. Australia S&P/ASX 200 down 0.01% at 7385.3. European equities Thursday closing. The DAX futures contract in Germany traded up 0.60% at 15514.54, CAC 40 futures up 0.26% at 6481.60 and the UK 100 futures contract in the U.K. up 0.15% at 6,978.20. In U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.07% at 34823.36. The S&P 500 up 0.20% to 4367.49 and the Nasdaq 100 down 0.05% at 14981.5, NYSE closes at 16455.91 down 0.29%. In the Forex market, GBPUSD down 0.01% at 1.37659. The USDJPY up 0.13% at 110.26. The USDCHF up 0.12% at 0.91989. EURUSD flat at 1.17701, EUR/GBP up 0.02% at 0.85499. The USD/CNY up 0.02% at 6.4716, at the time of writing. In the commodity market U.S. Gold futures down 0.12% at $1,804.45. Elsewhere, Silver futures down 0.15% to $25.363 per ounce, Platinum flat at $1093.53 per ounce, and Palladium up 0.30% to $2,728.00. Crude Oil mix on Friday; Brent crude oil down 0.15% at $73.52 per barrel while U.S. West Texas Intermediate (CLc1) is up 0.24% at $72.36. In the Cryptocurrency Markets, BTCUSD at 32300.00 up 3.39%, Ethereum at 2076.91 up 2.66%, Litecoin at 121.20 up 0.43%, at the time of writing. TOP STOCKS TO WATCH OUT TODAY: Domino’s Pizza Inc. up 14.552% at $538.82, CSX Corp. up 3.48% at $32.67, ETSY Inc. up 3.09% to $201.85, Adobe Inc. up 1.865% to $623.68, eBay Inc. up 3.149% to $72.06, Texas Instruments Inc. down 5.318% at $183.91. Economic news: US: The Biden administration on Thursday released $3 billion in COVID-19 rescue funds aimed at helping localities bolster their economies in the wake of the pandemic, calling on communities to seek funding for a range of revitalization projects. The funding, authorized by the $1.9 trillion American Rescue Plan Act, is part of President Joe Biden’s “Build Back Better” agenda to rebuild the nation after the novel coronavirus triggered widespread shutdowns and led to more than 600,000 U.S. deaths so far. The Democrat-backed bill was passed in March. New funding will be available to communities nationwide through six programs run through the Department of Commerce targeting jobs, for instance, in tourism, the agency said in a statement. “This investment will ensure that they have the resources to recover from the pandemic and will help create new jobs and opportunities, including through the development or expansion of a new industry sector,” the Commerce Department said. Eurozone: The European Central Bank pledged on Thursday to keep interest rates at record lows for even longer to boost sluggish inflation and warned that the rapidly spreading Delta variant of the coronavirus poses a risk to the euro zone’s recovery. The central bank of the 19 countries that share the euro said it would not hike borrowing costs until it sees inflation reach its 2% target “well ahead of the end of its projection horizon and durably” — a controversial decision that generated significant dissent. “We did so to underline our commitment to maintain a persistently accommodative monetary policy stance to meet our inflation target,” ECB President Christine Lagarde told a news conference. She said the ECB wants to see inflation head to 2% by the mid-point of its forecast horizon, which currently stretches to 2023 and is extended by one year every December, and that any deviation above the target should be incidental. Important Data: US Retail Sales (MoM) (Jun) today at 2:00 this time estimated 0.4%, previously which was -1.4%. GERMANY Manufacturing PMI (Jul) today at 3:30 this time estimated 64.2, previously which was 65.1. UK Composite PMI today at 4:30 this time estimated 61.9, previously which was 62.2. CANADA Core Retail Sales (MoM) (May) today at 8:30 this time estimated -2.2%, previously which was -7.2%. TECHNICAL SUMMARY GBPUSD TRADE SUGGESTION- SELL AT 1.37542, TAKE PROFIT AT 1.37395 AND STOP LOSS AT 1.37788 EURUSD TRADE SUGGESTION- SELL AT 1.17619, TAKE PROFIT AT 1.17455 AND STOP LOSS AT 1.17831 GBPJPY TRADE SUGGESTION- BUY AT 151.679, TAKE PROFIT AT 151.959 AND STOP LOSS AT 151.405 CHFJPY TRADE SUGGESTION- SELL AT 119.821, TAKE PROFIT AT 119.606 AND STOP LOSS AT 120.137 DOW JONES TRADE SUGGESTION- BUY AT 34782 TAKE PROFIT AT 34902 AND STOP LOSS AT 34660 WTI CRUDE OIL TRADE SUGGESTION- SELL AT 71.64 TAKE PROFIT AT 71.20 AND STOP LOSS AT 72.24 GOLD TRADE SUGGESTION- SELL AT 1806.72, TAKE PROFIT AT 1797.19 AND STOP AT 1812.56 ETHEREUM TRADE SUGGESTION- BUY AT 2074.58 TAKE PROFIT AT 2140.74 AND STOP AT 2032.59
TRADE SIGNAL AS ON 27-07-2021 EURSEK SELL = 10.1942 TARGET= 10.1826 SL= 10.2052 SILVER BUY = 25.249 TARGET= 25.330 SL= 25.188 DELL TECH. BUY = 96.42 TARGET= 97.87 SL= 95.80 ETHEREUM SELL = 2198.75 TARGET= 2140.79 SL= 2238.10 HANG SENG SELL = 25596.0 TARGET = 25534.0 SL= 25642.0
TECHNICAL ANALYSIS REPORT TODAY – 28 JULY 2021 Asia Pacific stocks were mostly down on Wednesday morning. The Shanghai composite is down 0.37% at 3,368.75. Overall, the Singapore MSCI down 0.10% at 357.95. Over in Hong Kong, the Hang Seng Index up 1.02% at 25,321. In Japan, the Nikkei 225 down 1.25% at 27,570, while the Topix index is down 0.80% at 1918.5. South Korea’s Kospi down 0.03% to 3231.49. Australia S&P/ASX 200 down 0.57% at 7388.8. European equities Tuesday closing. The DAX futures contract in Germany traded down 0.64% at 15519.13, CAC 40 futures down 0.71% at 6531.93 and the UK 100 futures contract in the U.K. down 0.42% at 6,996.07. In U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.24% at 35058.52. The S&P 500 down 0.47% to 4401.47 and the Nasdaq 100 up 0.36% at 14950.0, NYSE closes at 16520.96 down 0.27%. In the Forex market, GBPUSD up 0.03% at 1.38777. The USDJPY up 0.08% at 109.857. The USDCHF up 0.10% at 0.91521. EURUSD down 0.01% at 1.1815, EUR/GBP flat at 0.85133. The USD/CNY down 0.10% at 6.5047, at the time of writing. In the commodity market U.S. Gold futures up 0.41% at $1,805.61. Elsewhere, Silver futures up 0.64% to $24.82 per ounce, Platinum up 0.81% at $1062.32 per ounce, and Palladium down 0.82% to $2,628.00. Crude Oil mix on Wednesday; Brent crude oil up 0.28% at $74.93 per barrel while U.S. West Texas Intermediate (CLc1) is down 0.28% at $71.56. In the Cryptocurrency Markets, BTCUSD at 39810.00 up 0.9%, Ethereum at 2283.05 down 0.94%, Litecoin at 134.29 down 0.41%, at the time of writing. TOP STOCKS TO WATCH OUT TODAY: Fiserv Inc. up 2.991% at $114.68, PTC Inc. down 5.102% at $143.6, FedEx Corp. down 4.998% to $282.63, KLA Corp. down 3.022% to $309, Baidu Inc. down 2.796% to $157.83, Paccar Inc. down 2.646% at $84.61. Economic news: US: The Biden administration on Tuesday will announce a new push to expand business ties between U.S. companies and Africa, with a focus on building needed digital, health and physical infrastructure on the continent, a senior U.S. official said. U.S. industry executives welcome the interest, but say dollar flows will lag until the Biden administration wraps up its lengthy review of Trump administration trade measures and sets a clear policy on investments in liquefied natural gas. Dana Banks, senior director for Africa at the White House National Security Council, will kick off a U.S.-Africa business summit, with a pledge to “re-imagine” and revive Prosper Africa, an initiative unveiled by the Trump administration in 2018. President Joe Biden, who requested nearly $80 million for the initiative in his budget proposal in May, aims to focus the initiative on women and equity, with an expanded role for small- and medium-sized businesses, she said. Eurozone: European Central Bank policy makers have acknowledged that their new push to boost inflation expectations could take quite a while to kick in, according to officials familiar with the discussions. In its strategy review this month, when it raised its inflation goal and acknowledged that it might overshoot, the ECB’s Governing Council discussed the experience of the U.S. Federal Reserve, the officials said. U.S. expectations — a critical signal of future price gains — were slow to move last August when the Fed adopted average inflation targeting and said it was willing to overshoot its 2% target. They only started to gather pace months later when the incoming Biden administration started to discuss a fiscal boost to the economy. They accelerated again early this year when the Fed kept policy loose despite price growth jumping well above 2% on soaring demand. While expectations have eased since May as Fed officials started to broach the topic of tapering stimulus, they remain relatively robust. Important Data: CANADA Core CPI (MoM) (Jun) today at 8:30 this time estimated 0.4%, previously which was 0.4%. US Crude Oil Inventories today at 10:30 this time estimated -2.928M, previously which was 2.108M. Fed Interest Rate Decision today at 14:00 this time estimated 0.25%, previously which was 0.25%. RUSSIA Unemployment Rate (Jun) today at 15:00 this time estimated 5.0%, previously which was 4.9%. TECHNICAL SUMMARY GBPUSD TRADE SUGGESTION- BUY AT 1.38672, TAKE PROFIT AT 1.38920 AND STOP LOSS AT 1.38531 EURUSD TRADE SUGGESTION- BUY AT 1.18017, TAKE PROFIT AT 1.18318 AND STOP LOSS AT 1.17865 USDJPY TRADE SUGGESTION- SELL AT 109.843, TAKE PROFIT AT 109.694 AND STOP LOSS AT 110.069 USDCHF TRADE SUGGESTION- SELL AT 0.91534, TAKE PROFIT AT 0.91318 AND STOP LOSS AT 0.91698 S&P 500 TRADE SUGGESTION- BUY AT 4398.24 TAKE PROFIT AT 4410.99 AND STOP LOSS AT 4390.51 WTI CRUDE OIL TRADE SUGGESTION- SELL AT 72.01 TAKE PROFIT AT 71.01 AND STOP LOSS AT 72.42 GOLD TRADE SUGGESTION- SELL AT 1804.82, TAKE PROFIT AT 1793.71 AND STOP AT 1812.34 BTC USD TRADE SUGGESTION- BUY AT 39625.61 TAKE PROFIT AT 40832.57 AND STOP AT 38351.78
TECHNICAL ANALYSIS REPORT TODAY – 29 JULY 2021 Asia Pacific stocks were up on Thursday morning. The Shanghai composite is up 1.41% at 3,409.13. Overall, the Singapore MSCI up 0.89% at 362.70. Over in Hong Kong, the Hang Seng Index up 2.85% at 26,102. In Japan, the Nikkei 225 up 0.80% at 27,750, while the Topix index is up 0.42% at 1923.5. South Korea’s Kospi up 0.13% to 3240.69. Australia S&P/ASX 200 up 0.46% at 7413.6. European equities Wednesday closing. The DAX futures contract in Germany traded up 0.33% at 15570.36, CAC 40 futures up 1.18% at 6609.31 and the UK 100 futures contract in the U.K. up 0.29% at 7,016.64. In U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.36% at 34930.94. The S&P 500 down 0.02% to 4400.63 and the Nasdaq 100 up 0.05% at 15004.9, NYSE closes at 16573.56 up 0.32%. In the Forex market, GBPUSD up 0.29% at 1.39355. The USDJPY down 0.14% at 109.761. The USDCHF down 0.15% at 0.90861. EURUSD up 0.16% at 1.1861, EUR/GBP down 0.04% at 0.85104. The USD/CNY down 0.32% at 6.4702, at the time of writing. In the commodity market U.S. Gold futures up 0.56% at $1,816.42. Elsewhere, Silver futures up 1.15% to $25.25 per ounce, Platinum up 1.08% at $1076.49 per ounce, and Palladium up 0.73% to $2,645.68. Crude Oil up on Thursday; Brent crude oil up 0.40% at $75.04 per barrel while U.S. West Texas Intermediate (CLc1) is up 0.94% at $72.23. In the Cryptocurrency Markets, BTCUSD at 40142.30 up 0.32%, Ethereum at 2304.34 up 0.21%, Litecoin at 140.03 up 0.19%, at the time of writing. TOP STOCKS TO WATCH OUT TODAY: Moderna Inc. up 6.338% at $349.32, Boeing Co. up 4.184% at $231.57, Starbucks Corp. down 2.872% to $122.41, Domino’s Pizza Inc. down 2.498% to $524.57, CSX Corp. down 1.452% to $31.91, Apple Inc. down 1.22% at $144.98. Economic news: US: The U.S. economy likely gained steam in the second quarter, with the pace of growth probably the second fastest in 38 years, as massive government aid and vaccinations against COVID-19 fueled spending on travel-related services. The anticipated acceleration in gross domestic product last quarter would lift the level of GDP above its peak in the fourth quarter of 2019. Even with the second quarter likely marking the peak in growth this cycle, the economic expansion was expected to remain solid for the remainder of this year. A resurgence in COVID-19 infections, driven by the Delta variant of the coronavirus, however, poses a risk to the outlook. Higher inflation, if sustained, as well as ongoing supply chain disruptions could also slow the economy. The Commerce Department will publish its snapshot of second-quarter GDP growth on Thursday at 8:30 a.m EDT (1230 GMT). Eurozone: British car production rose by nearly a third in the first half of 2021 from last year’s slump, but remained down on the five-year average as the sector warned that COVID-19 continued to cause staffing and supply problems. While factories were forced to close as the pandemic hit Britain in March last year, they have operated in 2021 with protective measures in place, although a lack of semiconductor chips has hit volumes. Some companies have also been affected by staff having to self-isolate for catching COVID-19 or being in contact with someone who had, as cases rose in recent weeks. Output increased by an annual 31% in the first six months of the year to 498,923 vehicles, helped by a 22% increase in June, industry body the Society of Motor Manufacturers and Traders (SMMT) said, while noting the impact of chip supply problems. Important Data: Germany Unemployment Change (Jul) today at 3:55 this time estimated -28K, previously which was -38K. US GDP (QoQ) (Q2) today at 8:30 this time estimated 8.5%, previously which was 6.4%. US Initial Jobless Claims today at 8:30 this time estimated 380K, previously which was 419K. JAPAN Retail Sales (YoY) (Jun) today at 19:50 this time estimated 0.2%, previously which was 8.3%. TECHNICAL SUMMARY GBPUSD TRADE SUGGESTION- BUY AT 1.39339, TAKE PROFIT AT 1.39724 AND STOP LOSS AT 1.39121 EURUSD TRADE SUGGESTION- BUY AT 1.18505, TAKE PROFIT AT 1.18770 AND STOP LOSS AT 1.18333 EURGBP TRADE SUGGESTION- SELL AT 0.85075, TAKE PROFIT AT 0.84971 AND STOP LOSS AT 0.85214 EURJPY TRADE SUGGESTION- BUY AT 130.115, TAKE PROFIT AT 130.542 AND STOP LOSS AT 129.642 DJ EURO STOXX 50 TRADE SUGGESTION- BUY AT 4105.00 TAKE PROFIT AT 4148.00 AND STOP LOSS AT 4070.00 WTI CRUDE OIL TRADE SUGGESTION- BUY AT 72.80 TAKE PROFIT AT 73.72 AND STOP LOSS AT 71.88 GOLD TRADE SUGGESTION- BUY AT 1818.37, TAKE PROFIT AT 1824.13 AND STOP AT 1812.66 ETHEREUM TRADE SUGGESTION- BUY AT 2297.86 TAKE PROFIT AT 2392.5 AND STOP AT 2150.32
TECHNICAL ANALYSIS REPORT TODAY – 30 JULY 2021 Asia Pacific stocks were down on Friday morning. The Shanghai Composite is down 0.92% at 3,380.13. Overall, the Singapore MSCI is down 0.67% at 361.90. Over in Hong Kong, the Hang Seng Index down 2.23% at 25,621. In Japan, the Nikkei 225 is down 1.83% at 27,300, while the Topix index is down 1.43% at 1902.0. South Korea’s Kospi down 1.17% to 3205.05. Australia S&P/ASX 200 down 0.23% at 7400.3. European equities Thursday closing. The DAX futures contract in Germany traded up 0.45% at 15640.47, CAC 40 futures up 0.37% at 6633.77 and the UK 100 futures contract in the U.K. up 0.88% at 7,078.43. In the U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.44% at 35084.54. The S&P 500 up 0.42% to 4419.14 and the Nasdaq 100 down 0.77% at 14681.38, NYSE closes at 16697.13 up 0.75%. In the Forex market, GBPUSD down 0.09% at 1.39406. The USDJPY up 0.09% at 109.558. The USDCHF up 0.10% at 0.9071. EURUSD down 0.04% at 1.1879, EUR/GBP up 0.13% at 0.85218. The USD/CNY up 0.09% at 6.4624, at the time of writing. In the commodity market U.S. Gold futures up 0.02% at $1,827.50. Elsewhere, Silver futures up 0.21% to $25.55 per ounce, Platinum down 0.07% at $1055.08 per ounce, and Palladium up 0.21% to $2,652.39. Crude Oil mix on Friday; Brent crude oil down 0.49% at $75.47 per barrel while U.S. West Texas Intermediate (CLc1) is up 1.47% at $73.29. In the Cryptocurrency Markets, BTCUSD at 39732.45 down 0.89%, Ethereum at 2401.13 up 0.72%, Litecoin at 141.38 down 0.02%, at the time of writing. TOP STOCKS TO WATCH OUT FOR TODAY: Lennar Corp. up 5.52% at $106.47, Tesla Inc. up 4.694% at $677.35, Equinix Inc. down 5.97% to $786.38, Facebook down 4.008% to $358.32, Biogen Inc. down 1.499% to $329.17, DocuSign Inc. down 1.194% at $301.18. Economic news: US: The U.S. Congress on Thursday approved emergency funding to replenish the Capitol Police and bolster security after the Jan. 6 riot by supporters of then-President Donald Trump and to evacuate Afghans who helped American forces from their country. The $2.1 billion bills was passed by the Senate by a vote of 98-0. The House of Representatives, which had previously passed its own $1.9 billion bills, then promptly approved the Senate version by a vote of 416-11, clearing the way for President Joe Biden to sign it into law. The bill would provide $521 million to reimburse National Guard units deployed for months to the Capitol following the riot and $300 million for increased security measures at the site. It also would provide $71 million for the Capitol Police to cover overtime costs, hire new officers and other expenses and $35.4 million for that force’s mutual-aid agreements with other law enforcement jurisdictions to help in emergencies. Without fast action, “Capitol Police funding will be depleted literally in a number of weeks,” Senate Appropriations Committee Chairman Patrick Leahy said. Eurozone: The European Central Bank’s new strategy may force the bank to temporarily overshoot its 2% inflation target, the bank said in the accounts of the meeting, which approved the conclusion of the first policy review in 18 years. The accounts mostly contain information already released to the public and does not include any description of the debate between policymakers at the July 8 meeting, a usual element for this sort of ECB documents. Important Data: Germany GDP (QoQ) (Q2) today at 4:00 this time estimated 2.0%, previously which was -1.8%. EUROZONE CPI (YoY) (Jul) today at 5:00 this time estimated 2.0%, previously which was 1.9%. CANADA GDP (MoM) (May) today at 8:30 this time estimated -0.3%, previously which was -0.3%. CHINA Manufacturing PMI (Jul) today at 21:00 this time estimated 50.8, previously which was 50.9. TECHNICAL SUMMARY GBPUSD TRADE SUGGESTION- BUY AT 1.39432, TAKE PROFIT AT 1.39662 AND STOP LOSS AT 1.39203 EURUSD TRADE SUGGESTION- BUY AT 1.18814, TAKE PROFIT AT 1.18974 AND STOP LOSS AT 1.18713 GBPJPY TRADE SUGGESTION- BUY AT 152.916, TAKE PROFIT AT 153.425 AND STOP LOSS AT 152.358 CHFJPY TRADE SUGGESTION- BUY AT 120.906, TAKE PROFIT AT 121.227 AND STOP LOSS AT 120.458 HANG SENG TRADE SUGGESTION- SELL AT 25794.00 TAKE PROFIT AT 25493.00 AND STOP LOSS AT 26097.00 WTI CRUDE OIL TRADE SUGGESTION- BUY AT 73.20 TAKE PROFIT AT 74.16 AND STOP LOSS AT 72.77 GOLD TRADE SUGGESTION- BUY AT 1830.07, TAKE PROFIT AT 1831.69 AND STOP AT 1828.28 BTCUSD TRADE SUGGESTION- BUY AT 39692.54 TAKE PROFIT AT 39928.20 AND STOP AT 39594.22
TECHNICAL ANALYSIS REPORT TODAY – 02 AUGUST 2021 Asia Pacific stocks were mostly up on Monday morning. The Shanghai composite is up 1.51% at 3,448.78. Overall, the Singapore MSCI down 1.05% at 357.10. Over in Hong Kong, the Hang Seng Index up 1.12% at 26,191. In Japan, the Nikkei 225 up 1.61% at 27,790, while the Topix index is up 1.84% at 1940.0. South Korea’s Kospi up 1.54% to 3220.01. Australia S&P/ASX 200 up 1.34% at 7492.2. European equities Friday closing. The DAX futures contract in Germany traded down 0.61% at 15544.39, CAC 40 futures down 0.32% at 6612.77 and the UK 100 futures contract in the U.K. down 0.66% at 7,032.31. In U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.42% at 34935.48. The S&P 500 down 0.54% to 4395.27 and the Nasdaq 100 up 0.45% at 15043.7, NYSE closes at 16602.28 down 0.57%. In the Forex market, GBPUSD flat at 1.39041. The USDJPY down 0.02% at 109.66. The USDCHF up 0.07% at 0.9058. EURUSD up 0.03% at 1.1870, EUR/GBP up 0.10% at 0.85372. The USD/CNY up 0.04% at 6.4636, at the time of writing. In the commodity market U.S. Gold futures down 0.26% at $1,809.63. Elsewhere, Silver futures up 0.06% to $25.47 per ounce, Platinum up 0.45% at $1053.72 per ounce, and Palladium up 0.61% to $2,676.15. Crude Oil mix on Monday; Brent crude oil down 0.80% at $74.56 per barrel while U.S. West Texas Intermediate (CLc1) is up 0.37% at $73.56. In the Cryptocurrency Markets, BTCUSD at 39692.64 down 0.36%, Ethereum at 2554.37 down 0.08%, Litecoin at 141.97 up 1.05%, at the time of writing. TOP STOCKS TO WATCH OUT TODAY: Dexcom Inc. up 13.038% at $515.51, KLA Corp. up 8.994% at $348.16, Equinix Inc. up 4.327% to $820.41, ETSY Inc. down 7.775% to $183.51, eBay Inc. down 7.084% to $68.21, Carnival Corp. down 4.668% at $21.65. ECONOMIC NEWS: US: Democratic leaders in the U.S. House of Representatives on Sunday called on the Biden administration to immediately extend a moratorium on housing evictions through Oct. 18. The moratorium, related to the coronavirus pandemic, expired at midnight on Saturday. The request was made through a statement by House Speaker Nancy Pelosi and other top leaders. “House leadership is calling on the administration to immediately extend the moratorium,” the Democratic leaders said. President Joe Biden on Thursday asked Congress to extend the deadline, citing the COVID-19 Delta variant that is taking hold in the United States. But Congress, possibly lacking the votes to approve such an extension, failed to act after a Republican lawmaker blocked a move in the House to immediately bring up a bill under the unanimous consent of the chamber. Eurozone: Britain is nearing an agreement in principle on a free trade deal with New Zealand, its trade ministry said on Saturday, as London looks to bolster its post-Brexit trade ties with non-EU partners. The European Union is Britain’s single largest trade partner and the two sides have signed a post-Brexit trade pact, but business groups say they still face extra red tape dealing with European customers and suppliers as a result of Brexit. Trade minister Liz Truss said that “great progress” had been made in a sixth round of discussions which ran from July 19-30. A trade agreement with New Zealand could see the removal of tariffs on British and New Zealand goods making products available at lower prices, the ministry said. Important Data: Germany Manufacturing PMI (Jul) today at 3:55 this time estimated 65.6, previously which was 65.6. UK Manufacturing PMI (Jul) today at 4:30 this time estimated 60.4, previously which was 63.9. US ISM Manufacturing PMI (Jul) today at 10:00 this time estimated 60.9, previously which was 60.6. AUSTRALIA Building Approvals (MoM) (Jun) today at 21:30 this time estimated -4.5%, previously which was -7.1%. TECHNICAL SUMMARY GBPUSD TRADE SUGGESTION- BUY AT 1.39087, TAKE PROFIT AT 1.39265 AND STOP LOSS AT 1.38829 EURUSD TRADE SUGGESTION- BUY AT 1.18692, TAKE PROFIT AT 1.19041 AND STOP LOSS AT 1.18463 USDJPY TRADE SUGGESTION- SELL AT 109.615, TAKE PROFIT AT 109.449 AND STOP LOSS AT 109.783 USDCHF TRADE SUGGESTION- SELL AT 0.90628, TAKE PROFIT AT 0.90534 AND STOP LOSS AT 0.90743 CAC 40 TRADE SUGGESTION- BUY AT 6656.8 TAKE PROFIT AT 6663.9 AND STOP LOSS AT 6627.40 WTI CRUDE OIL TRADE SUGGESTION- BUY AT 73.21 TAKE PROFIT AT 74.16 AND STOP LOSS AT 72.78 GOLD TRADE SUGGESTION- SELL AT 1807.89, TAKE PROFIT AT 1801.84 AND STOP AT 1812.77 LITECOIN USD TRADE SUGGESTION- BUY AT 145.95 TAKE PROFIT AT 153.95 AND STOP AT 135.70
TECHNICAL ANALYSIS REPORT TODAY – 03 AUGUST 2021 Asia Pacific stocks were mostly down on Tuesday morning. The Shanghai composite is down 0.21% at 3,456.81. Overall, the Singapore MSCI down 0.68% at 356.30. Over in Hong Kong, the Hang Seng Index up 0.05% at 26,128. In Japan, the Nikkei 225 down 0.50% at 27,610, while the Topix index is down 0.41% at 1930.0. South Korea’s Kospi up 0.30% to 3231.62. Australia S&P/ASX 200 down 0.38% at 7462.7. European equities Monday closing. The DAX futures contract in Germany traded up 0.16% at 15568.73, CAC 40 futures up 0.95% at 6675.91 and the UK 100 futures contract in the U.K. up 0.70% at 7,081.73. In U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.28% at 34838.17. The S&P 500 down 0.18% to 4387.15 and the Nasdaq 100 up 0.14% at 14993.8, NYSE closes at 16576.20 down 0.16%. In the Forex market, GBPUSD up 0.13% at 1.38947. The USDJPY down 0.09% at 109.199. The USDCHF up 0.05% at 0.9054. EURUSD up 0.07% at 1.1875, EUR/GBP up 0.04% at 0.85467. The USD/CNY up 0.04% at 6.4627, at the time of writing. In the commodity market U.S. Gold futures down 0.09% at $1,811.26. Elsewhere, Silver futures down 0.20% to $25.29 per ounce, Platinum down 0.01% at $1054.28 per ounce, and Palladium up 0.15% to $2,681.34. Crude Oil down on Tuesday; Brent crude oil down 0.75% at $72.66 per barrel while U.S. West Texas Intermediate (CLc1) is down 2.85% at $71.46. In the Cryptocurrency Markets, BTCUSD at 38259.75 down 2.31%, Ethereum at 2475.00 down 5.14%, Litecoin at 138.60 down 1.95%, at the time of writing. TOP STOCKS TO WATCH OUT TODAY: Tesla Inc. up 3.27% at $709.67, ETSY Inc. up 2.932% at $188.89, MSCI Inc. up 2.51% to $610.92, Fiserv Inc. down 4.656% to $109.75, Mosaic Co. down 4.195% to $29.92, Mastercard Inc. down 2.767% at $375.26. ECONOMIC NEWS: US: U.S. Treasury Secretary Janet Yellen on Monday took additional steps to preserve the federal government’s borrowing capacity under a reinstated debt limit, suspending some investments in government employee retirement and health benefits funds. In a letter to House of Representatives Speaker Nancy Pelosi and other congressional leaders, Yellen said she was suspending investments in the Civil Service Retirement and Disability Fund and the Postal Service Retiree Health Benefits Fund that are not immediately required to pay beneficiaries. A two-year suspension of the federal debt limit expired on Saturday, reinstating the cap at the current debt level of about $28.5 trillion. The Congressional Budget Office has estimated that the extraordinary measures could claw back more than $340 billion in borrowing capacity under the limit. CBO said these actions, combined with the Treasury’s current cash balance of about $459 billion, would allow the government to avoid a payment default into October or November as a partisan fight unfolds over a new suspension or increase in the debt cap. Eurozone: The European Central Bank’s (ECB) decision to keep interest rates at record lows for even longer to boost sluggish inflation threatens monetary stability in the 19-member euro zone, a German conservative business group said on Monday. The ECB said last month it would not hike borrowing costs until it sees inflation reach its 2% target by the mid-point of its forecast horizon, which currently stretches to 2023 and is extended by one year every December. “The rising inflation rates are a troubling warning signal,” said Wolfgang Steiger, secretary-general of the CDU Wirtschaftsrat, a business group of 12,000 members that is close to Chancellor Angela Merkel’s Christian Democrats (CDU). German consumer prices, harmonised to make them comparable with inflation data from other European Union countries, rose by 3.1% in July, a 13-year high, compared with 2.1% in June, leading services sector trade union Verdi to demand significant wage increases. “It shows that unrestrained borrowing is no political plan in the long run,” added Steiger. “The average saver will in the end pay the price of the unprecedented expansive monetary and fiscal policies of the past years.” Important Data: NEW ZEALAND Employment Change (QoQ) (Q2) data today at 18:45 this time estimated 0.7%, previously which was 0.6%. JAPAN Services PMI (Jul) today at 20:30 this time estimated 46.4, previously which was 48.0. US Factory Orders (MoM) (Jun) today at 10:00 this time estimated 1.0%, previously which was 1.7%. US FOMC Member Bowman Speaks today at 14:00. TECHNICAL SUMMARY GBPUSD TRADE SUGGESTION- BUY AT 1.38925, TAKE PROFIT AT 1.39211 AND STOP LOSS AT 1.38663 EURUSD TRADE SUGGESTION- BUY AT 1.18725, TAKE PROFIT AT 1.18897 AND STOP LOSS AT 1.18468 EURGBP TRADE SUGGESTION- SELL AT 0.85427, TAKE PROFIT AT 0.85327 AND STOP LOSS AT 0.85557 EURJPY TRADE SUGGESTION- SELL AT 129.553, TAKE PROFIT AT 129.412 AND STOP LOSS AT 129.701 NIKKEI 225 TRADE SUGGESTION- SELL AT 27571.0 TAKE PROFIT AT 27423.0 AND STOP LOSS AT 27820.00 WTI CRUDE OIL TRADE SUGGESTION- SELL AT 71.04 TAKE PROFIT AT 70.49 AND STOP LOSS AT 71.73 GOLD TRADE SUGGESTION- SELL AT 1808.34, TAKE PROFIT AT 1797.94 AND STOP AT 1817.44 BTC USD TRADE SUGGESTION- SELL AT 38362.56 TAKE PROFIT AT 37250.80 AND STOP AT 39729.96
TECHNICAL ANALYSIS REPORT TODAY – 04 AUGUST 2021 Asia Pacific stocks were mostly up on Wednesday morning. The Shanghai composite is up 0.79% at 3,475.04. Overall, the Singapore MSCI up 1.72% at 363.25. Over in Hong Kong, the Hang Seng Index up 1.44% at 26,428. In Japan, the Nikkei 225 up 0.04% at 27,590, while the Topix index is down 0.34% at 1921.0. South Korea’s Kospi up 1.34% to 3280.38. Australia S&P/ASX 200 up 0.38% at 7503.2. European equities Tuesday closing. The DAX futures contract in Germany traded down 0.09% at 15555.08, CAC 40 futures up 0.72% at 6723.82 and the UK 100 futures contract in the U.K. up 0.27% at 7,143.00. In U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.80% at 35116.41. The S&P 500 up 0.82% to 4423.16 and the Nasdaq 100 up 0.65% at 15061.42, NYSE closes at 16713.46 up 0.83%. In the Forex market, GBPUSD up 0.14% at 1.39331. The USDJPY up 0.07% at 109.104. The USDCHF up 0.03% at 0.90386. EURUSD up 0.06% at 1.1870, EUR/GBP down 0.04% at 0.85195. The USD/CNY down 0.12% at 6.4606, at the time of writing. In the commodity market U.S. Gold futures up 0.17% at $1,813.44. Elsewhere, Silver futures up 0.61% to $25.63 per ounce, Platinum down 0.12% at $1049.25 per ounce, and Palladium up 0.30% to $2,654.50. Crude Oil mix on Wednesday; Brent crude oil up 0.14% at $72.40 per barrel while U.S. West Texas Intermediate (CLc1) is down 0.74% at $70.93. In the Cryptocurrency Markets, BTCUSD at 38051.65 down 0.36%, Ethereum at 2494.53 down 0.54%, Litecoin at 137.06 down 0.83%, at the time of writing. TOP STOCKS TO WATCH OUT TODAY: Moderna Inc. up 11.512% at $386.51, Gartner Inc. up 10.831% at $293.67, PVH Corp. up 4.861% to $109.36, Mosaic Co. up 4.746% to $31.34, Discovery Inc. down 4.194% to $27.87, Clorox Co. down 9.459% at $164.06. ECONOMIC NEWS: US: The U.S. overnight repurchase rate fell on Tuesday, a day after funding pressures lifted the general collateral (GC) repo rate as high as 0.12% due to the settlement of last week’s Treasury auctions, traders said. The overnight repo rate measures the cost of borrowing short-term cash using Treasuries or other debt securities as collateral. Analysts expect repo rates to remain steady this week at 0.05% to 0.06% after a blip up on Monday. One of many overnight repo rates, the GC rate refers to the level or figure corresponding to a basket of securities that trade normally. GC securities can be substituted for one another without changing the repo rate. On Tuesday, the GC rate hit a high of 0.10% before closing at 0.04%, data from Curvature Securities showed. The repo rate hit a peak of 0.12% on Monday, the highest since February, and closed at 0.10%. Eurozone: Portugal, Luxembourg and Belgium on Tuesday received their first tranches of money from the 800-billion-euro ($950.8 billion) EU recovery fund aimed at helping them rebound from the pandemic and make their economies greener and more digitalised. The pay-out amounted to 13% of the total allocated to each of the three countries. The European Commission disbursed 2.2 billion euros to Portugal, 770 million to Belgium and 12.1 million to Luxembourg. Further pay-outs are tied to the implementation of objectives and reforms set out in each country’s proposal. The EU executive has earmarked a total of 16.6 billion in grants and loans for Portugal, 5.9 billion in grants for Belgium and 93.4 million in grants for Luxembourg. Important Data: UK Services PMI (Jul) data today at 4:30 this time estimated 57.8, previously which was 62.4. US ADP Nonfarm Employment Change (Jul) today at 8:15 this time estimated 695K, previously which was 692K. US Crude Oil Inventories today at 10:30 this time estimated -3.102M, previously which was -4.089M. AUSTRALIA Trade Balance (Jun) today at 21:30 this time estimated 10.45B, previously which was 9.681B. TECHNICAL SUMMARY GBPUSD TRADE SUGGESTION- BUY AT 1.39298, TAKE PROFIT AT 1.39580 AND STOP LOSS AT 1.39013 EURUSD TRADE SUGGESTION- BUY AT 1.18719, TAKE PROFIT AT 1.18911 AND STOP LOSS AT 1.18551 GBPJPY TRADE SUGGESTION- SELL AT 152.132, TAKE PROFIT AT 151.565 AND STOP LOSS AT 152.385 CHFJPY TRADE SUGGESTION- BUY AT 120.656, TAKE PROFIT AT 120.963 AND STOP LOSS AT 120.497 DAX 30 TRADE SUGGESTION- BUY AT 15670.5 TAKE PROFIT AT 15728.0 AND STOP LOSS AT 15605.9 WTI CRUDE OIL TRADE SUGGESTION- SELL AT 70.59 TAKE PROFIT AT 69.77 AND STOP LOSS AT 71.67 GOLD TRADE SUGGESTION- BUY AT 1814.22, TAKE PROFIT AT 1822.33 AND STOP AT 1807.71 ETHEREUM TRADE SUGGESTION- SELL AT 2474.36 TAKE PROFIT AT 2402.29 AND STOP AT 2545.86
TECHNICAL ANALYSIS REPORT TODAY – 05 AUGUST 2021 Asia Pacific stocks were mixed on Thursday morning. The Shanghai composite is down 0.54% at 3,458.02. Overall, the Singapore MSCI down 0.30% at 362.15. Over in Hong Kong, the Hang Seng Index down 0.35% at 26,267. In Japan, the Nikkei 225 up 0.36% at 27,690, while the Topix index is up 0.26% at 1926.0. South Korea’s Kospi down 0.07% to 3277.84. Australia S&P/ASX 200 up 0.22% at 7519.2. European equities Wednesday closing. The DAX futures contract in Germany traded up 0.88% at 15692.13, CAC 40 futures up 0.33% at 6746.24 and the UK 100 futures contract in the U.K. up 0.26% at 7,123.87. In U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.92% at 34792.68. The S&P 500 down 0.46% to 4402.65 and the Nasdaq 100 down 0.05% at 15089.30, NYSE closes at 16594.47 down 0.71%. In the Forex market, GBPUSD up 0.01% at 1.388. The USDJPY up 0.17% at 109.673. The USDCHF up 0.11% at 0.90741. EURUSD down 0.02% at 1.1835, EUR/GBP down 0.02% at 0.85204. The USD/CNY down 0.04% at 6.4633, at the time of writing. In the commodity market U.S. Gold futures down 0.09% at $1,809.60. Elsewhere, Silver futures up 0.10% to $25.38 per ounce, Platinum down 1.24% at $1013.57 per ounce, and Palladium down 0.19% to $2,646.38. Crude Oil mix on Thursday; Brent crude oil up 0.03% at $70.30 per barrel while U.S. West Texas Intermediate (CLc1) is down 2.30% at $69.30. In the Cryptocurrency Markets, BTCUSD at 39248.00 down 1.22%, Ethereum at 2692.06 down 1.22%, Litecoin at 140.03 down 1.69%, at the time of writing. TOP STOCKS TO WATCH OUT TODAY: Moderna Inc. up 11.512% at $386.51, Gartner Inc. up 10.831% at $293.67, PVH Corp. up 4.861% to $109.36, Mosaic Co. up 4.746% to $31.34, Discovery Inc. down 4.194% to $27.87, Clorox Co. down 9.459% at $164.06. Economic news: US: San Francisco Federal Reserve President Mary Daly on Wednesday said that mostly likely the U.S. central bank will be in position to begin to reduce its massive asset-buying program later this year or early next year. “I’m looking for continued progress in the labor market, continued putting COVID behind us, rising vaccination rates, the things that are so fundamental to us saying that the economy has achieved that metric of substantial further progress,” Daly said in an interview on the PBS NewsHour. “Right now my modal outlook is that we will achieve that metric later this year or early next.” Fed officials have largely downplayed the impact of the highly transmissible Delta variant on the course of the recovery. Daly was less sanguine. On Tuesday, the GC rate hit a high of 0.10% before closing at 0.04%, data from Curvature Securities showed. The repo rate hit a peak of 0.12% on Monday, the highest since February, and closed at 0.10%. Eurozone: The Bank of England may move a step closer to tightening monetary policy, unwinding 900 trillion pounds ($1.2 trillion) government bond purchases while also opening the possibility that borrowing costs could be pushed below zero. While the two decisions pull in opposite directions, they could prove inextricably linked. They feed into the debate about which policy levers the U.K. central bank will pull first when the time comes to tighten monetary policy. Officials led by Governor Andrew Bailey have signalled that they want interest rates higher than their current level before selling off some of the government bonds they’ve built up through their quantitative easing program. Adopting negative rates as a potential policy tool could allow them to bring forward the moment when they scale back their bulging balance sheet. They also could prepare the ground for bolder action. “It makes sense for them to come out and let the market know what their new guidance is, sooner rather than later,” said John Wraith, head of U.K. and European rates strategy at UBS Group AG (SIX:UBSG). “The simplest thing,” he said, would be for the BOE to lower the 1.5% threshold for where rates should be before bond sales start — a possibility if there’s acknowledgment that rates may slip into negative territory. Important Data: UK Construction PMI (Jul) data today at 4:30 this time estimated 64.0, previously which was 66.3. US Initial Jobless Claims today at 8:30 this time estimated 384K, previously which was 400K. CANADA Trade Balance (Jun) today at 8:30 this time estimated -0.68B, previously which was -1.39B. RUSSIA CPI (MoM) (Jul) today at 12:00 this time estimated 0.4%, previously which was 0.7%. TECHNICAL SUMMARY GBPUSD TRADE SUGGESTION- BUY AT 1.38776, TAKE PROFIT AT 1.39050 AND STOP LOSS AT 1.38575 EURUSD TRADE SUGGESTION- SELL AT 1.18274, TAKE PROFIT AT 1.18014 AND STOP LOSS AT 1.18480 USDJPY TRADE SUGGESTION- SELL AT 109.670, TAKE PROFIT AT 109.463 AND STOP LOSS AT 109.910 USDCHF TRADE SUGGESTION- SELL AT 0.9072, TAKE PROFIT AT 0.9023 AND STOP LOSS AT 0.9091 NASDAQ 100 TRADE SUGGESTION- BUY AT 15084.24 TAKE PROFIT AT 15123.42 AND STOP LOSS AT 15052.75 WTI CRUDE OIL TRADE SUGGESTION- SELL AT 68.01 TAKE PROFIT AT 66.58 AND STOP LOSS AT 68.59 GOLD TRADE SUGGESTION- SELL AT 1809.74, TAKE PROFIT AT 1804.54 AND STOP AT 1818.60 BTCUSD TRADE SUGGESTION- BUY AT 38968.58 TAKE PROFIT AT 40925.62 AND STOP AT 38205.47
TECHNICAL ANALYSIS REPORT TODAY – 06 AUGUST 2021 Asia Pacific stocks were mostly down on Friday morning. The Shanghai composite is down 1.34% at 3,184.09. Overall, the Singapore MSCI down 0.03% at 362.55. Over in Hong Kong, the Hang Seng Index down 0.02% at 26,119. In Japan, the Nikkei 225 up 0.47% at 27,810, while the Topix index is up 0.10% at 1928.0. South Korea’s Kospi down 0.20% to 3269.52. Australia S&P/ASX 200 up 0.14% at 7521.4. European equities Thursday closing. The DAX futures contract in Germany traded up 0.33% at 15744.67, CAC 40 futures up 0.52% at 6781.20 and the UK 100 futures contract in the U.K. up 0.06% at 7,133.10. In U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.78% at 35064.26. The S&P 500 down 0.60% to 4429.09 and the Nasdaq 100 down 0.08% at 15172.00, NYSE closes at 16695.50 up 0.61%. In the Forex market, GBPUSD down 0.04% at 1.3921. The USDJPY up 0.04% at 109.827. The USDCHF up 0.13% at 0.90764. EURUSD down 0.05% at 1.1826, EUR/GBP up 0.05% at 0.84953. The USD/CNY up 0.05% at 6.4642, at the time of writing. In the commodity market U.S. Gold futures down 0.24% at $1,800.07. Elsewhere, Silver futures up 0.07% to $25.152 per ounce, Platinum up 0.54% at $1009.09 per ounce, and Palladium up 0.28% to $2,660.22. Crude Oil mix on Friday; Brent crude oil up 0.81% at $71.78 per barrel while U.S. West Texas Intermediate (CLc1) is up 0.88% at $69.91. In the Cryptocurrency Markets, BTCUSD at 40831.80 down 0.15%, Ethereum at 2784.37 down 1.62%, Litecoin at 146.37 up 2.01%, at the time of writing. TOP STOCKS TO WATCH OUT TODAY: Carnival Corp. up 7.177% at $22.55, Marathon Oil Corp. up 6.697% at $11.79, ETSY Inc. down 9.743% to $182.41, Xilinx Inc. up 4.391% to $150.98, Amgen Inc. up 2.488% to $233.99, eBay Inc. down 1.059% at $67.28. Economic news: US: The U.S. Senate, unable to finalize a $1 trillion infrastructure bill on Thursday, will try again on Saturday when it is scheduled to hold a vote on limiting debate and moving toward passage of the hard-fought legislation. Senate Majority Leader Chuck Schumer struggled throughout the day to reach closure on a bipartisan bill that would trigger new construction projects throughout the United States to expand or refurbish roads, highways, bridges, airports and other public works, many of them in substandard condition. Following hours of closed-door negotiations, senators failed to reach an agreement on remaining amendments to the bill, beyond the nearly two dozen already debated this week. “We have been trying to vote on amendments all day but have encountered numerous objections from the other side,” Schumer said, referring to Republicans. Eurozone: The Bank of England said on Thursday it could see a modest reduction ahead in the huge support it has provided to Britain’s economy during the COVID-19 pandemic and set out how it could gradually tighten monetary policy. For now, the central bank decided to keep its stimulus at full speed, even though it expects inflation to jump to 4.0% around the end of the year. Only one of the BoE’s eight monetary policy-makers, Michael Saunders, voted to reduce the size of its bond-buying programme which remains unchanged at 895 billion pounds ($1.25 trillion). The vote to hold its benchmark interest rate at a historic low of 0.1% was unanimous, as expected. With more than 70% of adults in Britain now fully vaccinated against COVID-19 and most social-distancing rules lifted, Britain’s economy has recouped much of its 10% crash of 2020. Important Data: US Nonfarm Payrolls (Jul) data today at 8:30 this time estimated 870K, previously which was 850K. US Unemployment Rate (Jul) today at 8:30 this time estimated 5.7%, previously which was 5.9%. CANADA Employment Change (Jul) today at 8:30 this time estimated 177.5K, previously which was 230.7K. CANADA Ivey PMI (Jul) today at 10:00 previously which was 71.9. TECHNICAL SUMMARY GBPUSD TRADE SUGGESTION- BUY AT 1.39173, TAKE PROFIT AT 1.39340 AND STOP LOSS AT 1.38929 EURUSD TRADE SUGGESTION- SELL AT 1.18248, TAKE PROFIT AT 1.18045 AND STOP LOSS AT 1.18466 EURGBP TRADE SUGGESTION- SELL AT 0.8492, TAKE PROFIT AT 0.8489 AND STOP LOSS AT 0.8494 EURJPY TRADE SUGGESTION- SELL AT 129.821, TAKE PROFIT AT 129.588 AND STOP LOSS AT 130.021 CAC 40 TRADE SUGGESTION- BUY AT 6773.6 TAKE PROFIT AT 6784.20 AND STOP LOSS AT 6768.50 WTI CRUDE OIL TRADE SUGGESTION- SELL AT 69.47 TAKE PROFIT AT 68.46 AND STOP LOSS AT 70.53 GOLD TRADE SUGGESTION- SELL AT 1799.32, TAKE PROFIT AT 1791.94 AND STOP AT 1808.33 ETHEREUM TRADE SUGGESTION- BUY AT 2772.82 TAKE PROFIT AT 2780.22 AND STOP AT 2767.60
TECHNICAL ANALYSIS REPORT TODAY – 09 AUGUST 2021 Asian shares wobbled on Monday amid sharp losses in gold and oil prices. The Shanghai composite is up 1.08% at 3,495.15. Overall, the Singapore MSCI down 0.11% at 362.70. Over in Hong Kong, the Hang Seng Index up 0.66% at 26,302. In Japan, the Nikkei 225 up 0.11% at 27,870, while the Topix index is up 0.23% at 1935.5. South Korea’s Kospi down 0.04% to 3269.01. Australia S&P/ASX 200 up 0.09% at 7544.9. European equities Friday closing. The DAX futures contract in Germany traded up 0.11% at 15761.45, CAC 40 futures up 0.53% at 6816.97 and the UK 100 futures contract in the U.K. up 0.04% at 7,122.96. In U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.41% at 35208.52. The S&P 500 up 0.17% to 4436.51 and the Nasdaq 100 down 0.26% at 15064.3, NYSE closes at 16748.07 up 0.31%. In the Forex market, GBPUSD up 0.04% at 1.38713. The USDJPY down 0.02% at 110.188. The USDCHF up 0.04% at 0.91480. EURUSD up 0.04% at 1.17635, EUR/GBP up 0.09% at 0.84803. The USD/CNY down 0.12% at 6.4754, at the time of writing. In the commodity market U.S. Gold futures down 1.00% at $1,744.97. Elsewhere, Silver futures down 1.57% to $23.927 per ounce, Platinum flat at $980.02 per ounce, and Palladium down 0.01% to $2,628.13. Crude Oil down on Monday; Brent crude oil down 1.32% at $69.35 per barrel while U.S. West Texas Intermediate (CLc1) is down 0.67% at $69.44. In the Cryptocurrency Markets, BTCUSD at 43450.00 down 0.93%, Ethereum at 2929.01 down 2.86%, Litecoin at 148.45 down 0.95%, at the time of writing. TOP STOCKS TO WATCH OUT TODAY: Ball Corp. up 5.521% at $85.24, Wells Fargo & Co. up 3.788% at $48.77, Illumina Inc. down 3.576% to $497.24, Twitter Inc. down 2.757% to $67.37, eBay Inc. down 2.661% to $65.49, Tesla Inc. down 2.173% at $699.10. Economic news: US: The U.S. Senate on Sunday took two more steps toward passing a $1 trillion bipartisan infrastructure bill by blessing the details of the largest U.S. investment in roads and bridges in decades and by moving to limit debate on the overall measure. In a 69-28 vote, 19 Republicans joined 48 Democrats and two independents to support the provisions of a compromise that was the result of painstaking negotiations by a group of Republicans and Democrats. The Senate also voted 68-29 to limit debate on the overall bill, which could put it on track for a vote on passage sometime Monday or Tuesday, and, in turn, send it to the House of Representatives. The legislation is a top priority for Democratic President Joe Biden. Its passage, which remains likely after a large Senate majority has repeatedly voted to advance it, would be a major victory for him and the bipartisan lawmakers who crafted it. Both the Senate and House are narrowly controlled by the Democrats. Eurozone: The European Central Bank must tighten monetary policy if it needs to counter inflationary pressures and cannot be put off from doing so by the financing costs of euro zone states, ECB policymaker Jens Weidmann told the Welt am Sonntag newspaper. Euro zone countries have ramped up their borrowing to cope with the coronavirus pandemic, potentially leaving them exposed to increased debt servicing costs if the central bank tightens policy to counter upward pressure on prices. “The ECB is not there to take care of the solvency protection of the states,” said Weidmann, whose role as president of Germany’s Bundesbank gives him a seat on the ECB’s policymaking Governing Council. Should the inflation outlook rise sustainably, the ECB would have to act in line with its price stability objective, Weidmann said. “We have to make it clear again and again that we will tighten monetary policy if the price outlook calls for it. “We cannot then take into account the financing costs of the states,” he added. Important Data: US JOLTs Job Openings (Jun) today at 10:00 this time estimated 9.27M, previously which was 9.209M. UK BRC Retail Sales Monitor (YoY) (Jul) today at 19:01 previously which was 6.7%. JAPAN Current Account n.s.a. (Jun) today at 19:50 this time estimated 0.78T, previously which was 1.98T. AUSTRALIA NAB Business Confidence (Jul) today at 21:30 previously which was 11. TECHNICAL SUMMARY GBPUSD TRADE SUGGESTION- BUY AT 1.38722, TAKE PROFIT AT 1.38938 AND STOP LOSS AT 1.38536 EURUSD TRADE SUGGESTION- SELL AT 1.17594, TAKE PROFIT AT 1.17495 AND STOP LOSS AT 1.17720 GBPJPY TRADE SUGGESTION- BUY AT 152.837, TAKE PROFIT AT 153.186 AND STOP LOSS AT 152.596 CHFJPY TRADE SUGGESTION- SELL AT 120.343, TAKE PROFIT AT 120.135 AND STOP LOSS AT 120.561 DOW JONES TRADE SUGGESTION- BUY AT 35005.00 TAKE PROFIT AT 35104.00 AND STOP LOSS AT 34963.00 WTI CRUDE OIL TRADE SUGGESTION- SELL AT 66.56 TAKE PROFIT AT 66.16 AND STOP LOSS AT 67.35 GOLD TRADE SUGGESTION- SELL AT 1746.05, TAKE PROFIT AT 1730.32 AND STOP AT 1758.41 LITECOIN USD TRADE SUGGESTION- BUY AT 148.26 TAKE PROFIT AT 165.57 AND STOP AT 141.61
