TECHNICAL ANALYSIS REPORT TODAY – 10 AUGUST 2021 Asia Pacific stocks were mixed on Tuesday morning. The Shanghai Composite is up 0.41% at 3,508.64. Overall, the Singapore MSCI up 1.02% at 366.05. Over in Hong Kong, the Hang Seng Index is up 0.48% at 26,343. In Japan, the Nikkei 225 up 0.07% at 27,860, while the Topix index is up 0.26% at 1936.0. South Korea’s Kospi down 0.74% to 3236.21. Australia S&P/ASX 200 up 0.23% at 7555.8. European equities Monday closing. The DAX futures contract in Germany traded down 0.10% at 15745.41, CAC 40 futures down 0.06% at 6813.19 and the UK 100 futures contract in the U.K. down 0.06% at 7,140.30. In the U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.31% at 35101.86. The S&P 500 down 0.09% to 4432.34 and the Nasdaq 100 down 0.08% at 15126.9, NYSE closes at 16726.94 down 0.13%. In the Forex market, GBPUSD up 0.02% at 1.38493. The USDJPY up 0.12% at 110.348. The USDCHF up 0.08% at 0.91997. EURUSD up 0.03% at 1.17390, EUR/GBP up 0.02% at 0.84763. The USD/CNY down 0.12% at 6.4784, at the time of writing. In the commodity market U.S. Gold futures up 0.25% at $1,733.42. Elsewhere, Silver futures up 0.69% to $23.580 per ounce, Platinum up 0.97% at $989.05 per ounce, and Palladium up 0.73% to $2,624.50. Crude Oil mix on Tuesday; Brent crude oil up 0.68% at $69.66 per barrel while U.S. West Texas Intermediate (CLc1) is down 1.41% at $68.46. In the Cryptocurrency Markets, BTCUSD at 45518.52 down 1.67%, Ethereum at 3108.21 down 1.86%, Litecoin at 162.25 down 2.72%, at the time of writing. TOP STOCKS TO WATCH OUT TODAY: Moderna Inc. up 17.101% at $484.47, Mosaic Co. up 3.398% at $32.56, Nucor Corp. up 3.327% to $107.78, Micron Technology Inc. down 2.183% to $80.21, Incyte Corp. down 1.298% to $75.31, Seagen Inc. down 1.236% at $159.00. Economic news: US: Two Federal Reserve officials said on Monday that the U.S. economy is growing rapidly and that while the labour market still has room for improvement, inflation is already at a level that could satisfy one leg of a key test for the beginning of interest rate hikes. Atlanta Federal Reserve Bank President Raphael Bostic said he is eyeing the fourth quarter for the start of a bond-purchase taper but is open to an even earlier start if the job market keeps up its recent torrid pace of improvement. Moreover, he and Richmond Fed President Tom Barkin both said they believe inflation has already achieved the Fed’s 2% threshold, according to their separate assessments. That is one of two requirements to be met before rate hikes can be considered. Their remarks are a sign that as Fed officials hold discussions about how and when to taper their asset purchases, they are also getting more detailed in their debate about what it will take to satisfy the Fed’s inflation target under the new framework. Bostic, who has already pencilled in late 2022 for the start of rate hikes, pointed to the five-year annual average for the core personal consumption expenditures index, or core PCE inflation, which by his calculation reached 2% in May. Eurozone: Britain imposed sanctions on Belarus’s potash and petroleum product exports on Monday in an attempt to put pressure on President Alexander Lukashenko, who swiftly retorted that London should “choke on” the new measures. So far Western sanctions have done little to persuade Lukashenko, in power in the former Soviet republic since 1994, to change course from a crackdown on his political opponents. The British sanctions, which prohibited the purchase of transferable securities and money-market instruments issued by the Belarusian state and its state-owned banks, are the latest sanctions imposed by the West over Lukashenko’s crackdown. The package also includes measures to prevent Belarusian air carriers from overflying or landing in the United Kingdom and a prohibition on the provision of technical assistance to Lukashenko’s fleet of luxury aircraft. State-owned Belaruskali is the world’s top potash producer and accounts for a fifth of the global potash trade. Important Data: US Nonfarm Productivity (QoQ) (Q2) today at 8:30 this time estimated 3.5%, previously which was 5.4%. US API Weekly Crude Oil Stock today at 16:30 previously which was -0.879M. AUSTRALIA Westpac Consumer Sentiment (Aug) today at 20:30 previously which was 1.5%. JAPAN 30-Year JGB Auction today at 23:45 previously which was 0.68%. TECHNICAL SUMMARY GBPUSD TRADE SUGGESTION- SELL AT 1.38365, TAKE PROFIT AT 1.38086 AND STOP LOSS AT 1.38811 EURUSD TRADE SUGGESTION- SELL AT 1.17328, TAKE PROFIT AT 1.1700 AND STOP LOSS AT 1.17654 USDJPY TRADE SUGGESTION- BUY AT 110.369, TAKE PROFIT AT 110.667 AND STOP LOSS AT 110.173 USDCHF TRADE SUGGESTION- BUY AT 0.920, TAKE PROFIT AT 0.92319 AND STOP LOSS AT 0.91737 FTSE 100 TRADE SUGGESTION- BUY AT 7130.4 TAKE PROFIT AT 7159.10 AND STOP LOSS AT 7099.8 WTI CRUDE OIL TRADE SUGGESTION- SELL AT 67.49 TAKE PROFIT AT 66.61 AND STOP LOSS AT 68.51 GOLD TRADE SUGGESTION- SELL AT 1735.50, TAKE PROFIT AT 1723.10 AND STOP AT 1744.44 ETHEREUM TRADE SUGGESTION- BUY AT 3119.37 TAKE PROFIT AT 3186.02 AND STOP AT 3049.23
TECHNICAL ANALYSIS REPORT TODAY – 12 AUGUST 2021 Asia Pacific stocks were mostly up on Thursday morning. The Shanghai composite is down 0.24% at 3,523.61. Overall, the Singapore MSCI up 0.55% at 365.10. Over in Hong Kong, the Hang Seng Index down 0.47% at 26,421. In Japan, the Nikkei 225 down 0.18% at 28,020, while the Topix index is down 0.08% at 1953.0. South Korea’s Kospi down 0.31% to 3210.59. Australia S&P/ASX 200 down 0.16% at 7572.2. European equities Wednesday closing. The DAX futures contract in Germany traded up 0.35% at 15826.09, CAC 40 futures up 0.55% at 6858.00 and the UK 100 futures contract in the U.K. up 0.83% at 7,220.14. In U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.62% at 35484.98. The S&P 500 up 0.25% to 4447.69 and the Nasdaq 100 down 0.09% at 15005.1, NYSE closes at 16875.39 up 0.49%. In the Forex market, GBPUSD up 0.05% at 1.38681. The USDJPY down 0.01% at 110.425. The USDCHF down 0.03% at 0.92160. EURUSD up 0.04% at 1.17414, EUR/GBP up 0.03% at 0.84675. The USD/CNY down 0.05% at 6.4761, at the time of writing. In the commodity market U.S. Gold futures up 0.03% at $1,751.25. Elsewhere, Silver futures down 0.58% to $23.403 per ounce, Platinum down 0.57% at $1013.21 per ounce, and Palladium flat at $2,639.00. Crude Oil mix on Thursday; Brent crude oil down 0.34% at $71.36 per barrel while U.S. West Texas Intermediate (CLc1) is up 0.69% at $69.89. In the Cryptocurrency Markets, BTCUSD at 45083.33 down 1.02%, Ethereum at 3122.51 down 1.20%, Litecoin at 169.62 down 0.61%, at the time of writing. TOP STOCKS TO WATCH OUT TODAY: Nucor Corp. up 3.912% at $122.72, Paccar Inc. up 3.799% at $82.78, Cummins Inc. up 3.435% to $241.8, Moderna Inc. down 15.638% to $385.33, Pfizer Inc. down 3.901% to $46.31, Carmax Inc. down 2.52% at $131.90. Economic news: US: Hours after the U.S. Senate approved a $3.5 trillion budget blueprint chock-full of investments in new domestic programs, fissures emerged between the moderate and liberal wings of the Democratic Party over the size and scope of the spending. Senator Joe Manchin, a moderate Democrat representing the conservative-leaning state of West Virginia, issued a warning shortly after the Senate early on Wednesday passed the budget deal that would carry out President Joe Biden’s top priorities. Manchin, who often acts as a bridge between his party and Republicans, voiced concerns about potentially “grave consequences” for the nation’s debt as well as Washington’s ability to respond to other potential crises. That followed Democratic Senator Kyrsten Sinema’s warning that she does not support the $3.5 trillion price tag but would work “in good faith” to develop an alternative to include in implementing legislation. Eurozone: Britain imposed sanctions on Belarus’s potash and petroleum product exports on Monday in an attempt to put pressure on President Alexander Lukashenko, who swiftly retorted that London should “choke on” the new measures. So far Western sanctions have done little to persuade Lukashenko, in power in the former Soviet republic since 1994, to change course from a crackdown on his political opponents. The British sanctions, which prohibited the purchase of transferable securities and money-market instruments issued by the Belarusian state and its state-owned banks, are the latest sanctions imposed by the West over Lukashenko’s crackdown. The package also includes measures to prevent Belarusian air carriers from overflying or landing in the United Kingdom and a prohibition on the provision of technical assistance to Lukashenko’s fleet of luxury aircraft. Important Data: US Initial Jobless Claims today at 8:30 this time estimated 375K, previously which was 385K. US PPI (MoM) (Jul) today at 8:30 this time estimated 0.6%, previously which was 1.0%. AUSTRALIA Employment Change (Jul) today at 21:30 this time estimated 30.0K, previously which was 29.1K. RUSSIA GDP Quarterly (YoY) (Q2) today at 12:00 previously which was -0.7%. TECHNICAL SUMMARY GBPUSD TRADE SUGGESTION- BUY AT 1.38624, TAKE PROFIT AT 1.38843 AND STOP LOSS AT 1.38410 EURUSD TRADE SUGGESTION- SELL AT 1.17341, TAKE PROFIT AT 1.17005 AND STOP LOSS AT 1.17521 GBPJPY TRADE SUGGESTION- BUY AT 153.022, TAKE PROFIT AT 153.728 AND STOP LOSS AT 152.683 CHFJPY TRADE SUGGESTION- SELL AT 119.726, TAKE PROFIT AT 119.439 AND STOP LOSS AT 119.951 EURO STOXX 50 TRADE SUGGESTION- BUY AT 4195.00 TAKE PROFIT AT 4206.00 AND STOP LOSS AT 4191.00 WTI CRUDE OIL TRADE SUGGESTION- SELL AT 68.97 TAKE PROFIT AT 68.42 AND STOP LOSS AT 69.66 GOLD TRADE SUGGESTION- SELL AT 1754.55, TAKE PROFIT AT 1744.29 AND STOP AT 1763.66 BTCUSD TRADE SUGGESTION- BUY AT 45217.74 TAKE PROFIT AT 46659.40 AND STOP AT 44765.00
TECHNICAL ANALYSIS REPORT TODAY – 13 AUGUST 2021 Asia Pacific stocks were mostly down on Friday morning. The Shanghai composite is down 0.56% at 3,504.92. Overall, the Singapore MSCI down 0.30% at 363.60. Over in Hong Kong, the Hang Seng Index down 0.94% at 26,141. In Japan, the Nikkei 225 down 0.11% at 27,990, while the Topix index is up 0.05% at 1956.0. South Korea’s Kospi down 1.18% to 3170.61. Australia S&P/ASX 200 up 0.53% at 7629.9. European equities Thursday closing. The DAX futures contract in Germany traded up 0.70% at 15937.51, CAC 40 futures up 0.36% at 6882.48 and the UK 100 futures contract in the U.K. down 0.07% at 7,205.05. In U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.04% at 35499.86. The S&P 500 up 0.30% to 4460.82 and the Nasdaq 100 down 0.08% at 15077.2, NYSE closes at 16871.11 down 0.03%. In the Forex market, GBPUSD up flat at 1.38054. The USDJPY down 0.02% at 110.395. The USDCHF up 0.04% at 0.92362. EURUSD up 0.05% at 1.17357, EUR/GBP up 0.14% at 0.85010. The USD/CNY down 0.02% at 6.4776, at the time of writing. In the commodity market U.S. Gold futures up 0.31% at $1,757.60. Elsewhere, Silver futures up 0.66% to $23.280 per ounce, Platinum down 0.06% at $1020.39 per ounce, and Palladium down 0.20% at $2,623.18. Crude Oil down on Friday; Brent crude oil down 0.65% at $70.68 per barrel while U.S. West Texas Intermediate (CLc1) is down 0.10% at $69.82. In the Cryptocurrency Markets, BTCUSD at 45186.53 up 1.71%, Ethereum at 3119.67 up 2.46%, Litecoin at 169.22 up 2.53%, at the time of writing. TOP STOCKS TO WATCH OUT TODAY: Gartner Inc. up 2.924% at $304.09, Apple Inc. up 2.077% at $148.89, Nucor Corp. up 2.054% to $125.24, Western Digital Corp. down 6.505% to $62.38, Micron Technology Inc. down 6.371% to $70.25, KLA Corp. down 4.13% at $328.51. Economic news: US: President Joe Biden on Thursday called on U.S. lawmakers to enact legislation aimed at lowering drug prices, including allowing Medicare to negotiate drug prices and imposing penalties on drugmakers that hike prices faster than inflation. The Democratic president’s remarks laid out his vision to help reduce the costs for prescription medications as part of the Build Back Better agenda he is seeking to push through Congress as the nation continues to grapple with the COVID-19 pandemic. Pharmaceutical manufacturers have earned high praise for quickly developing vaccines against the novel coronavirus. But the outbreak of the highly contagious disease, which upended the economy and has so far killed more than 617,000 people in the United States, also drew renewed attention to healthcare costs. Biden on Thursday lauded drugmakers for their life-saving work developing the COVID-19 vaccines. Eurozone: Some of the European Union’s biggest banks are holding less capital than they should by using transactions to temporarily compress their balance sheets, a research paper from the Bank for International Settlements said on Thursday. After several banks had to be rescued by taxpayers during the global financial crisis over a decade ago, global regulators now designate the biggest among them as globally systemic banks or G-SIBs to face tougher capital rules. Each year, G-SIBs are slotted into buckets, with tougher rules for those in the higher buckets. The paper from the BIS, a forum for central banks based in Basel, Switzerland, said “window dressing” or using transactions to compress assets and liabilities at the end of the year, is blurring data used by regulators and thus affecting the actions they take. The volume and riskiness of assets and liabilities determine how much capital must be held, but banks are able to “manage down” their G-SIB score and reduce their capital surcharges, the paper said. Important Data: US Import Price Index (MoM) (Jul) today at 8:30 this time estimated 0.6%, previously which was 1.0%. EUROPE Trade Balance (Jun) today at 5:00 previously which was 7.5B. US Export Price Index (MoM) (Jul) today at 8:30 this time estimated 0.8%, previously which was 1.2%. SWITZERLAND PPI (MoM) (Jul) today at 2:30 previously which was 0.3%. TECHNICAL SUMMARY GBPUSD TRADE SUGGESTION- SELL AT 1.38010, TAKE PROFIT AT 1.37863 AND STOP LOSS AT 1.38247 EURUSD TRADE SUGGESTION- SELL AT 1.17335, TAKE PROFIT AT 1.17187 AND STOP LOSS AT 1.17523 USDJPY TRADE SUGGESTION- BUY AT 110.355, TAKE PROFIT AT 110.523 AND STOP LOSS AT 110.177 USDCHF TRADE SUGGESTION- BUY AT 0.92381, TAKE PROFIT AT 0.92567 AND STOP LOSS AT 0.92216 FTSE 100 TRADE SUGGESTION- BUY AT 7214.6 TAKE PROFIT AT 7234.4 AND STOP LOSS AT 7207.5 WTI CRUDE OIL TRADE SUGGESTION- SELL AT 68.61 TAKE PROFIT AT 68.05 AND STOP LOSS AT 69.54 GOLD TRADE SUGGESTION- SELL AT 1758.94, TAKE PROFIT AT 1750.69 AND STOP AT 1767.84 LITECOINUSD TRADE SUGGESTION- BUY AT 177.398 TAKE PROFIT AT 185.362 AND STOP AT 167.35
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TECHNICAL ANALYSIS REPORT TODAY – 16 AUGUST 2021 Asia Pacific stocks were down on Monday morning. The Shanghai composite is up 0.26% at 3,525.61. Overall, the Singapore MSCI down 0.16% at 363.50. Over in Hong Kong, the Hang Seng Index down 0.76% at 26,108. In Japan, the Nikkei 225 down 1.82% at 27,480, while the Topix index is down 1.71% at 1923.5. South Korea’s Kospi down 1.16% to 3171.29. Australia S&P/ASX 200 down 0.39% at 7599.3. European equities Friday closing. The DAX futures contract in Germany traded up 0.25% at 15977.44, CAC 40 futures up 0.20% at 6896.05 and the UK 100 futures contract in the U.K. down 0.50% at 7,177.6. In U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.04% at 35515.39. The S&P 500 up 0.16% to 4467.99 and the Nasdaq 100 down 0.10% at 15116.8, NYSE closes at 16868.11 down 0.02%. In the Forex market, GBPUSD down 0.12% at 1.38465. The USDJPY down 0.17% at 109.415. The USDCHF up 0.10% at 0.91608. EURUSD down 0.06% at 1.17876, EUR/GBP up 0.17% at 0.85130. The USD/CNY flat at 6.4768, at the time of writing. In the commodity market U.S. Gold futures down 0.29% at $1,774.14. Elsewhere, Silver futures down 0.60% to $23.560 per ounce, Platinum down 1.33% at $1012.76 per ounce, and Palladium down 0.81% at $2,628.96. Crude Oil down on Monday; Brent crude oil down 0.74% at $69.70 per barrel while U.S. West Texas Intermediate (CLc1) is down 0.36% at $69.57. In the Cryptocurrency Markets, BTCUSD at 47636.89 up 1.29%, Ethereum at 3301.08 down 0.31%, Litecoin at 186.61 up 0.90%, at the time of writing. TOP STOCKS TO WATCH OUT TODAY: Pfizer Inc. up 2.625% at $48.48, PVH Corp. up 2.057% at $116.62, Kellogg Co. up 1.801% to $65.57, HP Inc. down 4.572% to $29.01, Gap Inc. down 3.7% to $28.89, CSX Corp. down 0.762% at $33.87. Economic news: US: U.S. House Speaker Nancy Pelosi told lawmakers Sunday that she had asked a House committee to advance both a $1 trillion infrastructure plan and a $3.5 trillion spending package together, an apparent effort to patch up divisions that had threatened to stall President Joe Biden’s legislative priorities. The U.S. Senate approved both the infrastructure legislation and the outline of a separate plan loaded with investments in new domestic programs. But the combined price tag of the two measures created fissures between the progressive and moderate wings of the Democratic Party, which controls both chambers of Congress by narrow margins. Eurozone: The European Central Bank is likely to announce long-awaited plans to reduce its pandemic-related asset purchases in the next quarter, according to a Reuters poll of economists, most of whom expected the programme to be wrapped up by the end of March. With the euro zone economy growing at its fastest pace on record and inflation set to rise further, pressure on the ECB to taper its Pandemic Emergency Purchase Programme (PEPP) is building, as it is on other major central banks. [ECILT/US] “While the ECB will start discussing phasing out PEPP in September, no decision will be made until December,” wrote George Buckley, chief UK and euro area economist at Nomura, in a note to clients. “However, we see risks to this view. As COVID-19 cases rise, and uncertainty about the future of the virus in autumn remains, the ECB may want to continue purchases at the current rate until the end of the year, to prevent an unwarranted rise in yields.” Important Data: CANADA Manufacturing Sales (MoM) (Jun) today at 8:30 this time estimated 2.5%, previously which was -0.6%. US TIC Net Long-Term Transactions (Jun) today at 16:00 previously which was -30.2B. US NY Empire State Manufacturing Index (Aug) today at 8:30 this time estimated 29.00, previously which was 43.00. AUSTRALIA RBA Meeting Minutes today at 21:30. TECHNICAL SUMMARY GBPUSD TRADE SUGGESTION- SELL AT 1.38476, TAKE PROFIT AT 1.38291 AND STOP LOSS AT 1.38719 EURUSD TRADE SUGGESTION- SELL AT 1.17856, TAKE PROFIT AT 1.17658 AND STOP LOSS AT 1.18033 EURGBP TRADE SUGGESTION- SELL AT 0.8508, TAKE PROFIT AT 0.8497 AND STOP LOSS AT 0.8520 EURJPY TRADE SUGGESTION- SELL AT 128.933, TAKE PROFIT AT 128.585 AND STOP LOSS AT 129.367 DOW JONES TRADE SUGGESTION- BUY AT 35295 TAKE PROFIT AT 35399 AND STOP LOSS AT 35266 WTI CRUDE OIL TRADE SUGGESTION- SELL AT 67.42 TAKE PROFIT AT 66.66 AND STOP LOSS AT 68.11 GOLD TRADE SUGGESTION- SELL AT 1773.36, TAKE PROFIT AT 1767.56 AND STOP AT 1782.12 ETHEREUM TRADE SUGGESTION- BUY AT 3282.75 TAKE PROFIT AT 3326.75 AND STOP AT 3257.11
TECHNICAL ANALYSIS REPORT TODAY – 17 AUGUST 2021 Asian shares declined in early trade on Tuesday. The Shanghai composite is down 1.76% at 3,455.80. Overall, the Singapore MSCI down 1.09% at 358.50. Over in Hong Kong, the Hang Seng Index down 1.61% at 25,670. In Japan, the Nikkei 225 down 0.40% at 27,360, while the Topix index is down 0.49% at 1912.5. South Korea’s Kospi down 0.95% to 3141.10. Australia S&P/ASX 200 down 0.85% at 7517.9. European equities Monday closing. The DAX futures contract in Germany traded down 0.32% at 15925.73, CAC 40 futures down 0.83% at 6837.78 and the UK 100 futures contract in the U.K. down 0.65% at 7,126.5. In U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.31% at 35625.41. The S&P 500 up 0.26% to 4479.72 and the Nasdaq 100 up 0.03% at 15140.77, NYSE closes at 16836.74 down 0.19%. In the Forex market, GBPUSD down 0.22% at 1.38103. The USDJPY up 0.12% at 109.327. The USDCHF up 0.07% at 0.91281. EURUSD down 0.11% at 1.17639, EUR/GBP up 0.29% at 0.85183. The USD/CNY up 0.11% at 6.4811, at the time of writing. In the commodity market U.S. Gold futures up 0.26% at $1,791.58. Elsewhere, Silver futures up 0.23% to $23.899 per ounce, Platinum down 0.20% at $1023.46 per ounce, and Palladium down 0.66% at $2,588.88. Crude Oil down on Tuesday; Brent crude oil down 0.37% at $69.30 per barrel while U.S. West Texas Intermediate (CLc1) is down 0.56% at $69.18. In the Cryptocurrency Markets, BTCUSD at 46027.40 up 0.25%, Ethereum at 3172.51 up 0.82%, Litecoin at 179.33 up 0.32%, at the time of writing. TOP STOCKS TO WATCH OUT TODAY: Dexcom Inc. up 3.006% at $506.18, Anthem Inc. up 2.422% at $376.39, Tesla Inc. down 4.323% to $686.17, Moderna Inc. down 4.084% to $373.86, Hess Corp. down 3.546% to $67.46, Marathon Oil Corp. down 3.554% at $11.67. Economic news: US: Boston Federal Reserve Bank President Eric Rosengren said on Monday that one more month of strong job gains could satisfy the U.S. central bank’s requirements for beginning to reduce its monthly asset purchases. “We’ve had two months in a row where we’ve created more than 900,000 jobs and the unemployment rate dropped by half a percent to 5.4%,” Rosengren said during an interview with CNBC. “If we get another strong labor market report, I think that I would be supportive of announcing in September that we are ready to start the taper program.” Fed officials said in December that they would continue purchasing assets at the current pace of $120 billion a month until there is “substantial further progress” toward the central bank’s goals for inflation and employment. Rosengren said he believed the standard was already met for inflation, which is running slightly above the Fed’s 2% target. The policymaker repeated his view that he would support reducing the purchases of mortgage-backed securities and Treasury securities by equal amounts. He said the program should be completed by the middle of next year. Eurozone: British Prime Minister Boris Johnson intends to host a virtual meeting of G7 leaders to tackle the deteriorating situation in Afghanistan and has stepped up efforts to evacuate UK nationals and others from Kabul. Johnson spoke to French President Emmanuel Macron on Monday to agree how the two countries could work together to recognise any future Afghan government and in trying to prevent a humanitarian and refugee crisis, his office said. The G7 call is expected to happen in coming days, while the two leaders also agreed that their countries should work together at the U.N. Security Council, including on a possible joint resolution. British Foreign Secretary Dominic Raab said Western partners would also look at imposing sanctions and withholding aid if the Taliban failed to uphold human rights or allowed the country to become a base for terrorism again. “It is not what we wanted,” Raab said. “But we have to deal with a new reality, we’re making it clear with our partners, with all the means at our disposal, that we will hold the Taliban to account to its commitments to have a new start in Afghanistan.” Important Data: EURO ZONE GDP (YoY) (Q2) today at 5:00 this time estimated 13.7%, previously which was 13.7%. US Core Retail Sales (MoM) (Jul) today at 8:30 this time estimated 0.1%, previously which was 1.3%. JAPAN Adjusted Trade Balance today at 19:50 previously which was -0.09T. AUSTRALIA Wage Price Index (QoQ) (Q2) today at 21:30 this time estimated 0.6%, previously which was 0.6%. TECHNICAL SUMMARY GBPUSD TRADE SUGGESTION- SELL AT 1.38006, TAKE PROFIT AT 1.37696 AND STOP LOSS AT 1.38314 EURUSD TRADE SUGGESTION- SELL AT 1.17663, TAKE PROFIT AT 1.17434 AND STOP LOSS AT 1.17903 GBPJPY TRADE SUGGESTION- SELL AT 150.827, TAKE PROFIT AT 150.432 AND STOP LOSS AT 151.230 CHFJPY TRADE SUGGESTION- SELL AT 119.868, TAKE PROFIT AT 119.581 AND STOP LOSS AT 120.146 EURO STOXX 50 TRADE SUGGESTION- BUY AT 4181 TAKE PROFIT AT 4211 AND STOP LOSS AT 4166 WTI CRUDE OIL TRADE SUGGESTION- SELL AT 67.00 TAKE PROFIT AT 65.65 AND STOP LOSS AT 68.08 GOLD TRADE SUGGESTION- BUY AT 1792.76, TAKE PROFIT AT 1804.61 AND STOP AT 1776.63 LITECOIN USD TRADE SUGGESTION- BUY AT 180.30 TAKE PROFIT AT 187.80 AND STOP AT 174.83
TECHNICAL ANALYSIS REPORT TODAY – 18 AUGUST 2021 Asia Pacific stocks were up on Wednesday morning. The Shanghai composite is up 0.72% at 3,472.00. Overall, the Singapore MSCI up 1.14% at 362. 40. Over in Hong Kong, the Hang Seng Index up 0.73% at 25,870. In Japan, the Nikkei 225 up 0.77% at 27,570, while the Topix index is up 0.52% at 1922.0. South Korea’s Kospi up 0.64% to 3163.27. Australia S&P/ASX 200 down 0.01% at 7509.9. European equities Tuesday closing. The DAX futures contract in Germany traded down 0.02% at 15921.95, CAC 40 futures down 0.28% at 6819.85 and the UK 100 futures contract in the U.K. up 0.38% at 7,181.12. In U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.79% at 35343.29. The S&P 500 down 0.71% to 4448.07 and the Nasdaq 100 up 0.28% at 15019.6, NYSE closes at 16707.12 down 0.77%. In the Forex market, GBPUSD up 0.08% at 1.37444. The USDJPY up 0.03% at 109.610. The USDCHF up 0.05% at 0.91403. EURUSD up 0.08% at 1.17175, EUR/GBP up 0.12% at 0.85253. The USD/CNY down 0.06% at 6.4822, at the time of writing. In the commodity market U.S. Gold futures up 0.35% at $1,792.00. Elsewhere, Silver futures up 0.31% to $23.734 per ounce, Platinum up 1.45% at $1011.92 per ounce, and Palladium up 1.80% at $2,530.30. Crude Oil mix on Wednesday; Brent crude oil up 0.35% at $69.34 per barrel while U.S. West Texas Intermediate (CLc1) is down 0.30% at $68.97. In the Cryptocurrency Markets, BTCUSD at 45368.63 up 1.51%, Ethereum at 3068.03 up 1.86%, Litecoin at 170.95 up 1.45%, at the time of writing. TOP STOCKS TO WATCH OUT TODAY: Moderna Inc. up 7.489% at $401.86, Pfizer Inc. up 3.087% at $50.42, Domino’s Pizza Inc. up 2.837% to $527.75, ETSY Inc. up 2.038% to $194.30, PVH Corp. down 5.408% to $106.7, Gap Inc. down 4.429% at $26.76. Economic news: US: Treasury Secretary Janet Yellen termed the Biden administration’s two-track legislative push for major spending bills on infrastructure and social programs as “the most important economic project in recent history,” countering objections that the bills will amount to “overinvesting.” In an opinion piece published by Yahoo Finance, Yellen said the Senate’s votes this month in favor of a $550 billion infrastructure bill and a $3.5 trillion budget resolution that opens the way for expanded outlays on social programs, would help reverse decades of underinvestment in priorities like infrastructure, education and childcare. The House of Representatives is set to take up the measures this fall. While Republicans joined Democrats in advancing the infrastructure bill, they have opposed the social-spending package, citing concerns about record U.S. debt levels and a surge in inflation they say has already been fueled by fiscal transfers to American households. Yellen countered that Biden’s economic agenda “will bolster our economic growth and productivity, while bringing down some of the largest cost drivers for American families.” Eurozone: The United Kingdom said on Tuesday it aims to start negotiations for a trade agreement with India by the end of the year. “We are currently in the pre-negotiation scoping phase of an FTA (free trade agreement), with the aim of starting negotiations by the end of this year,” a spokesperson for Britain’s Department for International Trade said. “With bilateral trade valued at 23 billion pounds ($31.60 billion) in 2019, a trade deal with India will help boost British exports through lower tariffs and increased investment opportunities,” the spokesperson said in an emailed statement. A trade accord with India is seen as a key target for post-Brexit Britain. Prime Minister Boris Johnson reluctantly called off a trip to the capital Delhi in April this year after COVID-19 cases spiraled across India. Since completing its exit from the European Union at the end of last year, Britain has been keen to secure trade deals and is particularly pursuing ties with nations in the Indo-Pacific region, home to some of the fastest-growing economies. Important Data: CPI (YoY) (Jul) today at 5:00 this time estimated 2.2%, previously which was 2.2%. US Building Permits (Jul) today at 8:30 this time estimated 1.61M, previously which was 1.594M. CANADA Core CPI (MoM) (Jul) today at 8:30 previously which was 0.3%. US Crude Oil Inventories today at 10:30 this time estimated -1.055M, previously which was -0.447M. TECHNICAL SUMMARY GBPUSD TRADE SUGGESTION- SELL AT 1.37460, TAKE PROFIT AT 1.37140 AND STOP LOSS AT 1.37771 EURUSD TRADE SUGGESTION- SELL AT 1.17177, TAKE PROFIT AT 1.17009 AND STOP LOSS AT 1.17433 USDJPY TRADE SUGGESTION- SELL AT 109.549, TAKE PROFIT AT 109.430 AND STOP LOSS AT 109.726 USDCHF TRADE SUGGESTION- SELL AT 0.91362, TAKE PROFIT AT 0.91208 AND STOP LOSS AT 0.91543 DAX 30 TRADE SUGGESTION- SELL AT 15932 TAKE PROFIT AT 15812.3 AND STOP LOSS AT 15965.6 WTI CRUDE OIL TRADE SUGGESTION- SELL AT 66.89 TAKE PROFIT AT 65.72 AND STOP LOSS AT 67.71 GOLD TRADE SUGGESTION- BUY AT 1793.00, TAKE PROFIT AT 1805.27 AND STOP AT 1783.93 BTC USD TRADE SUGGESTION- BUY AT 45114.97 TAKE PROFIT AT 46642.67 AND STOP AT 43783.18
TECHNICAL ANALYSIS REPORT TODAY – 19 AUGUST 2021 Asia Pacific stocks were mostly down on Thursday morning. The Shanghai composite is down 0.48% at 3,469.06. Overall, the Singapore MSCI down 1.23% at 356.30. Over in Hong Kong, the Hang Seng Index down 1.50% at 25,371. In Japan, the Nikkei 225 down 1.20% at 27,270, while the Topix index is down 1.38% at 1896.5. South Korea’s Kospi down 1.88% to 3099.57. Australia S&P/ASX 200 down 0.49% at 7465.5. European equities Wednesday closing. The DAX futures contract in Germany traded up 0.28% at 15965.97, CAC 40 futures down 0.73% at 6770.12 and the UK 100 futures contract in the U.K. down 0.16% at 7,169.33. In U.S. on Wall Street, the Dow Jones Industrial Average closed down 1.08% at 34960.7. The S&P 500 down 1.07% to 4400.26 and the Nasdaq 100 down 0.44% at 14777.6, NYSE closes at 16550.34 down 0.94%. In the Forex market, GBPUSD down 0.35% at 1.37057. The USDJPY up 0.23% at 110.011. The USDCHF up 0.17% at 0.91833. EURUSD down 0.29% at 1.16753, EUR/GBP up 0.13% at 0.85197. The USD/CNY up 0.21% at 6.4978, at the time of writing. In the commodity market U.S. Gold futures down 0.57% at $1,777.11. Elsewhere, Silver futures down 1.35% to $23.189 per ounce, Platinum down 1.41% at $982.98 per ounce, and Palladium down 0.42% at $2,414.46. Crude Oil down on Thursday; Brent crude oil down 0.50% at $67.14 per barrel while U.S. West Texas Intermediate (CLc1) is down 0.39% at $68.70. In the Cryptocurrency Markets, BTCUSD at 44427.59 down 0.67%, Ethereum at 3000.00 down 0.47%, Litecoin at 166.11 down 0.61%, at the time of writing. TOP STOCKS TO WATCH OUT TODAY: Tesla Inc. up 3.497% at $688.99, Carnival Corp. up 1.996% at $22.48, Kroger Co. up 1.805% to $46.26, CME Group Inc. down 3.803% to $197.58, IHS Markit Ltd. down 3.595% to $115.57, S&P Global Inc. down 3.192% at $430.00. Economic news: US: The U.S. economy likely created 166,000 fewer jobs in the 12 months through March than previously estimated, the Labor Department’s Bureau of Labor Statistics said on Wednesday. The reading is a preliminary estimate of the BLS’ annual “benchmark” revision to the closely watched payrolls data. The leisure and hospitality sector, which was hardest hit by the COVID-19 pandemic, accounted for the bulk of the revision, with employment growth revised down by 597,000 or 4.6%. Leisure and hospitality employment is 1.7 million below its peak in February 2020, though the industry has led the labor market recovery from the pandemic. “It is somewhat ambiguous what this means for future employment in this sector beyond March 2021,” said Daniel Silver, an economist at JPMorgan (NYSE:JPM) in New York. “This could suggest that more jobs need to be added to return closer to pre-pandemic levels but also that the pandemic-related hit to that sector was more severe and or longer-lasting than previously reported.” Eurozone: British house prices rose in June at the fastest annual rate since 2004 as the market surged ahead of a phasing out of a tax break on property purchases, official data showed on Wednesday. House prices were 13.2% higher than in June 2020, the Office for National Statistics said, following a 9.8% annual increase in May. Finance minister Rishi Sunak cut stamp duty, a tax on house purchases, in July 2020. But from last month it started to return to its pre-pandemic level. The tax cut aimed to reverse a slump in property sales at the start of the pandemic, and helped fuel a surge in property prices and some new construction. Many households were already seeking more spacious housing suited to working from home. “Prices went berserk as the stamp duty taper closed in,” said Lucy Pendleton from London-based estate agent James Pendleton. Important Data: US Initial Jobless Claims today at 8:30 this time estimated 363K, previously which was 375K. RUSSIA Central Bank reserves (USD) today at 9:00, previously which was 599.3B. RUSSIA Unemployment Rate (Jul) today at 12:30 this time estimated 4.7%, previously which was 4.8%. JAPAN National Core CPI (YoY) (Jul) today at 19:30 this time estimated -0.4%, previously which was -0.5%. TECHNICAL SUMMARY GBPUSD TRADE SUGGESTION- SELL AT 1.36990, TAKE PROFIT AT 1.36863 AND STOP LOSS AT 1.37211 EURUSD TRADE SUGGESTION- SELL AT 1.16727, TAKE PROFIT AT 1.16663 AND STOP LOSS AT 1.16799 EURGBP TRADE SUGGESTION- BUY AT 0.85170, TAKE PROFIT AT 0.85315 AND STOP LOSS AT 0.85010 EURJPY TRADE SUGGESTION- SELL AT 128.257, TAKE PROFIT AT 127.840 AND STOP LOSS AT 128.515 DJ EURO STOXX 50 TRADE SUGGESTION- SELL AT 4116 TAKE PROFIT AT 4069 AND STOP LOSS AT 4146 WTI CRUDE OIL TRADE SUGGESTION- SELL AT 63.34 TAKE PROFIT AT 62.49 AND STOP LOSS AT 64.41 GOLD TRADE SUGGESTION- SELL AT 1779.95, TAKE PROFIT AT 1774.17 AND STOP AT 1784.87 ETHEREUM TRADE SUGGESTION- BUY AT 2978.21 TAKE PROFIT AT 3048.07 AND STOP AT 2885.23
TECHNICAL ANALYSIS REPORT TODAY – 20 AUGUST 2021 Asia Pacific stocks were mostly down on Friday morning. The Shanghai composite is down 1.59% at 3,410.70. Overall, the Singapore MSCI up 1.19% at 358.55. Over in Hong Kong, the Hang Seng Index down 1.46% at 24,845. In Japan, the Nikkei 225 down 0.92% at 26,960, while the Topix index is down 1.06% at 1875.5. South Korea’s Kospi down 1.17% to 3061.71. Australia S&P/ASX 200 down 0.03% at 7462.3. European equities Thursday closing. The DAX futures contract in Germany traded down 1.25% at 15765.81, CAC 40 futures down 2.43% at 6605.90 and the UK 100 futures contract in the U.K. down 0.11% at 7,068.3. In U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.19% at 34894.13. The S&P 500 up 0.13% to 4405.79 and the Nasdaq 100 down 0.20% at 14918.2, NYSE closes at 16429.13 down 0.73%. In the Forex market, GBPUSD down 0.05% at 1.36233. The USDJPY down 0.03% at 109.688. The USDCHF down 0.22% at 0.91643. EURUSD up 0.09% at 1.16850, EUR/GBP up 0.23% at 0.85756. The USD/CNY up 0.11% at 6.5018, at the time of writing. In the commodity market U.S. Gold futures up 0.46% at $1,787.50. Elsewhere, Silver futures up 0.47% to $23.311 per ounce, Platinum up 1.34% at $986.53 per ounce, and Palladium up 0.92% at $2,334.19. Crude Oil mix on Friday; Brent crude oil up 0.35% at $66.70 per barrel while U.S. West Texas Intermediate (CLc1) is down 0.54% at $68.33. In the Cryptocurrency Markets, BTCUSD at 47174.66 up 0.88%, Ethereum at 3231.25 up 1.45%, Litecoin at 176.79 up 0.71%, at the time of writing. TOP STOCKS TO WATCH OUT TODAY: Netflix Inc. up 4.185% at $543.71, NVIDIA Corp. up 3.981% at $197.98, Cisco Systems Inc. up 3.844% to $57.27, Gap Inc. up 2.812% to $27.42, Moderna Inc. down 5.835% to $375.53, Mosaic Co. down 4.335% at $29.57. Economic news: US: U.S. states can use federal pandemic-related funds passed this year to extend unemployment aid, President Joe Biden’s administration said on Thursday, saying the Delta variant impact on some local economies may mean people need help for longer. “There are some states where it may make sense for unemployed workers to continue receiving additional assistance for a longer period of time, allowing residents of those states more time to find a job in areas where unemployment remains high,” U.S. Treasury Secretary Janet Yellen and U.S. Labor Secretary Martin Walsh told congressional leaders in a letter. “The Delta variant may also pose short-term challenges to local economies and labor markets,” they added. Extra federal unemployment benefits will expire as planned on Sept. 6, they said. But states can tap funds from a law enacted in March called the American Rescue Plan, they told the heads of the Senate Finance Committee and the House of Representatives Ways and Means Committee. Eurozone: The European Central Bank’s new policy guidance can boost inflation expectations, paving the ground to higher interest rates down the line, the ECB’s chief economist Philip Lane said on Thursday. “The systematic approach to monetary policy embedded in rate forward guidance has the capacity to boost inflation expectations and thereby strengthen inflation dynamics,” Lane said in a blog post. “In turn, stronger inflation dynamics are the key to eventual normalisation of policy rates.” Important Data: CANADA Core Retail Sales (MoM) (Jun) today at 8:30 this time estimated 4.6%, previously which was -2.0%. CANADA New Housing Price Index (MoM) (Jul) today at 8:30, previously which was 0.6%. RUSSIA Retail Sales (YoY) (Jul) today at 12:00 this time estimated 5.4%, previously which was 10.9%. RUSSIA GDP Quarterly (YoY) (Q2) today at 14:00 previously which was 10.3%. TECHNICAL SUMMARY GBPUSD TRADE SUGGESTION- SELL AT 1.36122, TAKE PROFIT AT 1.36026 AND STOP LOSS AT 1.36275 EURUSD TRADE SUGGESTION- SELL AT 1.16792, TAKE PROFIT AT 1.16621 AND STOP LOSS AT 1.16978 GBPJPY TRADE SUGGESTION- SELL AT 149.345, TAKE PROFIT AT 148.960 AND STOP LOSS AT 149.540 CHFJPY TRADE SUGGESTION- SELL AT 119.623, TAKE PROFIT AT 119.417 AND STOP LOSS AT 119.905 NIKKEI 225 TRADE SUGGESTION- SELL AT 26964 TAKE PROFIT AT 26939 AND STOP LOSS AT 26997 WTI CRUDE OIL TRADE SUGGESTION- SELL AT 63.85 TAKE PROFIT AT 63.03 AND STOP LOSS AT 64.73 GOLD TRADE SUGGESTION- BUY AT 1786.86, TAKE PROFIT AT 1792.47 AND STOP AT 1778.48 BTCUSD TRADE SUGGESTION- BUY AT 47098.86 TAKE PROFIT AT 48724.23 AND STOP AT 45917.11
TECHNICAL ANALYSIS REPORT TODAY – 23 AUGUST 2021 Asian shares and oil prices bounced on Monday. The Shanghai composite is up 1.42% at 3,476.18. Overall, the Singapore MSCI down 0.32% at 356.95. Over in Hong Kong, the Hang Seng Index up 1.63% at 25,192. In Japan, the Nikkei 225 up 1.85% at 27,510, while the Topix index is up 1.83% at 1916.0. South Korea’s Kospi up 1.02% to 3091.70. Australia S&P/ASX 200 up 0.35% at 7487.3. European equities Friday closing. The DAX futures contract in Germany traded up 0.27% at 15808.04, CAC 40 futures up 0.31% at 6626.12 and the UK 100 futures contract in the U.K. up 0.41% at 7,087.91. In U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.65% at 35120.09. The S&P 500 up 0.52% to 4441.68 and the Nasdaq 100 up 0.27% at 15141.4, NYSE closes at 16516.67 up 0.53%. In the Forex market, GBPUSD up 0.27% at 1.36573. The USDJPY up 0.18% at 109.968. The USDCHF down 0.02% at 0.91662. EURUSD up 0.13% at 1.1715, EUR/GBP down 0.04% at 0.85776. The USD/CNY down 0.12% at 6.4932, at the time of writing. In the commodity market U.S. Gold futures up 0.33% at $1,786.60. Elsewhere, Silver futures up 0.99% to $23.240 per ounce, Platinum up 1.78% at $1013.76 per ounce, and Palladium up 1.76% at $2,316.00. Crude Oil mix on Monday; Brent crude oil up 2.31% at $66.45 per barrel while U.S. West Texas Intermediate (CLc1) is down 0.34% at $68.10. In the Cryptocurrency Markets, BTCUSD at 50119.12 up 1.70%, Ethereum at 3330.32 up 2.74%, Litecoin at 188.07 up 0.97%, at the time of writing. TOP STOCKS TO WATCH OUT TODAY: NVIDIA Corp. up 5.142% at $208.16, Mosaic Co. up 3.889% at $30.72, ETSY Inc. up 3.635% to $199.27, Corning Inc. down 1.761to $40.17, Domino’s Pizza Inc. down 1.698% to $509.52, Intel Corp. down 0.82% at $52.01. Economic news: US: U.S. Vice President Kamala Harris met top leaders in Singapore on Monday on the first working day of her trip to Southeast Asia and struck partnerships to tackle cyber threats, supply disruptions and the COVID-19 pandemic – areas that have emerged as top priorities for President Joe Biden’s administration. Harris met with Singapore’s Prime Minister Lee Hsien Loong and President Halimah Yacob during a trip aimed at bolstering ties with partners in the region as part of Washington’s efforts to counter China’s growing economic and security influence. Details of the meeting were shared by senior U.S. administration officials and Harris is expected to hold a press conference with Lee later on Monday. She will also visit the Changi Naval Base and tour the USS Tulsa combat ship. Singapore is not a U.S. treaty ally, but remains one of its strongest security partners in the region with deep trade ties. However, it also seeks to balance its relationships with the United States and China by not taking sides. Eurozone: Moscow pledged retaliatory measures after a new set of sanctions imposed by the United States on a Russian ship and two companies involved in the Nord Stream 2 gas pipeline, Russia’s foreign ministry said in a statement on Saturday. The $11 billion project, which will double the existing Nord Stream pipeline across the Baltic Sea and allow Russia to bypass Ukraine when piping gas to Europe, has been a focal point of tensions between Moscow and Washington. Washington imposed the sanctions on Friday on a ship, its owner and a construction company, but opponents of the project said the measures were insufficient to stop it. The United States and Britain also imposed sanctions on Friday on men they said were Russian intelligence operatives responsible for the poisoning one year ago of Kremlin critic Alexei Navalny. “We view such hostile actions by the Biden administration as dictated by a lack of political will and an unwillingness to build U.S.-Russian relations on a partnership basis,” Maria Zakharova, a spokeswoman for Russia’s Foreign Ministry, was quoted as saying in the statement. Important Data: UK Services PMI (Aug) today at 4:30 previously which was 59.6. EURO ZONE Services PMI (Aug) today at 4:00 this time estimated 59.8, previously which was 59.8. US Existing Home Sales (Jul) today at 10:00 this time estimated 5.81M, previously which was 5.86M. NEW ZEALAND Retail Sales (QoQ) (Q2) today at 18:45 previously which was 2.5%. TECHNICAL SUMMARY GBPUSD TRADE SUGGESTION- SELL AT 1.36420, TAKE PROFIT AT 1.36104 AND STOP LOSS AT 1.36882 EURUSD TRADE SUGGESTION- SELL AT 1.17060, TAKE PROFIT AT 1.16647 AND STOP LOSS AT 1.17251 USDJPY TRADE SUGGESTION- SELL AT 109.932, TAKE PROFIT AT 109.809 AND STOP LOSS AT 110.136 USDCHF TRADE SUGGESTION- BUY AT 0.91643, TAKE PROFIT AT 0.91858 AND STOP LOSS AT 0.91448 FTSE 100 TRADE SUGGESTION- SELL AT 7127 TAKE PROFIT AT 7091.5 AND STOP LOSS AT 7148 WTI CRUDE OIL TRADE SUGGESTION- SELL AT 63.33 TAKE PROFIT AT 62.54 AND STOP LOSS AT 63. GOLD TRADE SUGGESTION- BUY AT 1786.72, TAKE PROFIT AT 1793.64 AND STOP AT 1779.53 LITECOIN USD TRADE SUGGESTION- BUY AT 187.68 TAKE PROFIT AT 194.56 AND STOP AT 179.48
TECHNICAL ANALYSIS REPORT TODAY – 24 AUGUST 2021 Asia Pacific stocks were up on Tuesday morning. The Shanghai composite is up 1.15% at 3,517.05. Overall, the Singapore MSCI up 0.70% at 357.70. Over in Hong Kong, the Hang Seng Index up 1.80% at 25,538. In Japan, the Nikkei 225 up 0.76% at 27,730, while the Topix index is up 0.81% at 1932.5. South Korea’s Kospi up 1.42% to 3134.54. Australia S&P/ASX 200 up 0.15% at 7501.5. European equities Monday closing. The DAX futures contract in Germany traded up 0.28% at 15852.79, CAC 40 futures up 0.86% at 6683.11 and the UK 100 futures contract in the U.K. up 0.30% at 7,109.03. In U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.61% at 35335.72. The S&P 500 up 0.85% to 4479.54 and the Nasdaq 100 up 1.46% at 15312.82, NYSE closes at 16648.54 up 0.80%. In the Forex market, GBPUSD up 0.26% at 1.37459. The USDJPY up 0.08% at 109.788. The USDCHF up 0.07% at 0.91293. EURUSD flat at 1.1743, EUR/GBP down 0.12% at 0.85436. The USD/CNY down 0.13% at 6.4774, at the time of writing. In the commodity market U.S. Gold futures down 0.02% at $1,804.61. Elsewhere, Silver futures up 0.21% to $23.622 per ounce, Platinum down 0.28% at $1017.12 per ounce, and Palladium up 0.73% at $2,410.00. Crude Oil up on Tuesday; Brent crude oil up 0.55% at $69.14 per barrel while U.S. West Texas Intermediate (CLc1) is up 0.69% at $68.57. In the Cryptocurrency Markets, BTCUSD at 49660.09 up 0.20%, Ethereum at 3335.80 up 0.56%, Litecoin at 186.63 down 0.20%, at the time of writing. TOP STOCKS TO WATCH OUT TODAY: Moderna Inc. up 7.549% at $411.89, Xilinx Inc. up 6.412% at $153.52, Marathon Oil Corp. up 5.41% to $11.30, Pool Corp. down 2.37 to $474.9, Dexcom Inc. down 1.208% to $512.72, Illumina Inc. down 1.722% at $478.33. Economic news: US: Borrowings by U.S. companies for capital investments rose 9% in July from a year earlier, the Equipment Leasing and Finance Association (ELFA) said on Monday. The companies signed up for $9.9 billion in new loans, leases and lines of credit last month, up from $9.1 billion a year earlier. However, borrowings fell 5% from the previous month. “Despite supply chain disruptions in some sectors of the economy, signs of inflation, and the emergence of the Delta coronavirus, July new business volume in the equipment finance industry is strong,” ELFA Chief Executive Officer Ralph Petta said in a statement. Petta also cited a pick-up in consumer spending and slowing unemployment as reasons to be optimistic about equipment investment and industry performance for the second half of the year. Eurozone: Economic growth in Germany could miss projections this year and the resurgence of the coronavirus pandemic may put unexpected strain on the economy in the autumn, the Bundesbank said in a monthly report on Monday. Europe’s biggest economy is expected to grow by 3.7% this year and 5.2% in 2022 but the early weeks of the rebound were more timid than projected and that will likely weigh on the full-year figure as well, the Bundesbank said. Germany is still likely to have enjoyed robust expansion over the summer months, with services benefiting from the easing of restrictions as infection numbers declined, boosting tourism income. While some restrictions could be reintroduced in the autumn if infections continue to rise, they are unlikely to be as strict as in the past given Germany’s progress in vaccinating its population, the Bundesbank added. Important Data: US New Home Sales (Jul) today at 10:00 this time estimated 700K, previously which was 676K. US API Weekly Crude Oil Stock today at 16:30, previously which was -1.163M. NEW ZEALAND Trade Balance (YoY) (Jul) today at 18:45 previously which was -250M. AUSTRALIA Construction Work Done (QoQ) (Q2) today at 21:30 this time estimated 2.5%, previously which was 2.4%. TECHNICAL SUMMARY GBPUSD TRADE SUGGESTION- SELL AT 1.3733, TAKE PROFIT AT 1.37146 AND STOP LOSS AT 1.37618 EURUSD TRADE SUGGESTION- BUY AT 1.17374, TAKE PROFIT AT 1.17668 AND STOP LOSS AT 1.17188 EURGBP TRADE SUGGESTION- SELL AT 109.932, TAKE PROFIT AT 109.809 AND STOP LOSS AT 110.136 EURJPY TRADE SUGGESTION- SELL AT 128.960, TAKE PROFIT AT 128.842 AND STOP LOSS AT 129.102 CAC 40 TRADE SUGGESTION- SELL AT 6713.1 TAKE PROFIT AT 6652.4 AND STOP LOSS AT 6788.2 WTI CRUDE OIL TRADE SUGGESTION- SELL AT 65.75 TAKE PROFIT AT 65.10 AND STOP LOSS AT 66.33 GOLD TRADE SUGGESTION- BUY AT 1803.44, TAKE PROFIT AT 1809.39 AND STOP AT 1794.10 BTC USD TRADE SUGGESTION- BUY AT 49741.93 TAKE PROFIT AT 51294.62 AND STOP AT 48801.14
TECHNICAL ANALYSIS REPORT TODAY – 25 AUGUST 2021 Asian shares held onto their recent gains on Wednesday. The Shanghai composite is up 0.41% at 3,528.82. Overall, the Singapore MSCI up 0.21% at 357.75. Over in Hong Kong, the Hang Seng Index up 0.07% at 25,655. In Japan, the Nikkei 225 flat at 27,740, while the Topix index is up 0.03% at 1936.0. South Korea’s Kospi up 0.18% to 3144.07. Australia S&P/ASX 200 up 0.22% at 7519.6. European equities Tuesday closing. The DAX futures contract in Germany traded up 0.33% at 15905.85, CAC 40 futures down 0.28% at 6664.32 and the UK 100 futures contract in the U.K. up 0.24% at 7,125.79. In U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.09% at 35366.27. The S&P 500 up 0.15% to 4486.22 and the Nasdaq 100 flat at 15367.40, NYSE closes at 16741.16 up 0.56%. In the Forex market, GBPUSD down 0.07% at 1.37176. The USDJPY up 0.10% at 109.731. The USDCHF up 0.18% at 0.91417. EURUSD down 0.10% at 1.1742, EUR/GBP flat at 0.85596. The USD/CNY up 0.08% at 6.4759, at the time of writing. In the commodity market U.S. Gold futures down 0.35% at $1,795.61. Elsewhere, Silver futures down 0.39% to $23.720 per ounce, Platinum down 1.68% at $994.50 per ounce, and Palladium down 1.68% at $2,431.50. Crude Oil mix on Wednesday; Brent crude oil down 0.20% at $71.00 per barrel while U.S. West Texas Intermediate (CLc1) is up 0.26% at $68.75. In the Cryptocurrency Markets, BTCUSD at 48404.57 up 1.41%, Ethereum at 3208.23 up 1.02%, Litecoin at 177.60 up 2.25%, at the time of writing. TOP STOCKS TO WATCH OUT TODAY: Booking Holdings Inc. up 4.482% at $2233.11, Carnival Corp. up 4.424% at $23.84, Nov Inc. up 4.372% to $13.13, Moderna Inc. down 4.115 to $394.94, Pfizer Inc. down 3.104% to $48.38, Kroger Co. down 2.118% at $45.75. Economic news: US: The Biden administration said on Tuesday it would take steps to restart the federal oil and gas leasing program in the next week and plans to hold a Gulf of Mexico auction as soon as October, court papers showed. The move comes two months after the U.S Interior Department first said it would comply with a June 15 federal judge’s order blocking its months-long pause in oil and gas leasing on federal lands and waters. That order was a blow to a key White House effort to address climate change by reining in fossil fuel extraction. U.S. President Joe Biden paused the oil and gas leasing program in January, pending an analysis of its impacts on the environment and value to taxpayers. Interior said in a statement that it is still conducting that review. The filing to a Louisiana federal district court on Tuesday was in response to a motion by the state of Louisiana and 12 other states from earlier this month that sought to compel Interior to restart the leasing program and to show why it should not be held in contempt for failing to comply with the order issued weeks earlier. Eurozone: The number of homes sold in the United Kingdom fell by more than half last month after the scaling-back of a tax break designed to encourage home purchases during the coronavirus crisis, official data showed on Tuesday. Britain’s tax office said 73,740 homes were sold in July on a seasonally adjusted basis – 63% fewer than in June when buyers had rushed to complete sales before a COVID emergency tax break was reduced – although 4% more than in July 2020. Sales were down 24% compared with the same month in 2019, before the pandemic. British finance minister Rishi Sunak last year temporarily scrapped the stamp duty tax on the first 500,000 pounds ($685,550) of property purchases in England and Northern Ireland. That full exemption expired at the end of June but buyers in England and Northern Ireland will benefit from a 250,000 pound exemption until the end of September. Important Data: US Core Durable Goods Orders (MoM) (Jul) today at 8:30 this time estimated 0.5%, previously which was 0.3%. US Crude Oil Inventories today at 10:30 this time estimated -2.683M, previously which was -3.234M. AUSTRALIA Private New Capital Expenditure (QoQ) (Q2) today at 21:30 this time estimated 2.5%, previously which was 6.3%. JAPAN Foreign Bonds Buying today at 19:50 previously which was 661.8B. TECHNICAL SUMMARY GBPUSD TRADE SUGGESTION- SELL AT 1.37101, TAKE PROFIT AT 1.37016 AND STOP LOSS AT 1.37219 EURUSD TRADE SUGGESTION- BUY AT 1.17302, TAKE PROFIT AT 1.17522 AND STOP LOSS AT 1.17179 GBPJPY TRADE SUGGESTION- SELL AT 150.550, TAKE PROFIT AT 150.375 AND STOP LOSS AT 150.730 CHFJPY TRADE SUGGESTION- BUY AT 120.092, TAKE PROFIT AT 120.308 AND STOP LOSS AT 119.919 NIKKEI 225 TRADE SUGGESTION- BUY AT 27759 TAKE PROFIT AT 27900 AND STOP LOSS AT 27638 WTI CRUDE OIL TRADE SUGGESTION- BUY AT 67.32 TAKE PROFIT AT 68.09 AND STOP LOSS AT 66.66 GOLD TRADE SUGGESTION- BUY AT 1792.18, TAKE PROFIT AT 1806.35 AND STOP AT 1783.93 LITECOIN USD TRADE SUGGESTION- BUY AT 176.71 TAKE PROFIT AT 189.00 AND STOP AT 167.84
TECHNICAL ANALYSIS REPORT TODAY – 26 AUGUST 2021 Asian shares retreated on Thursday. The Shanghai Composite is down 0.01% at 3,517.20. Overall, the Singapore MSCI up 0.01% at 357.50. Over in Hong Kong, the Hang Seng Index down 0.06% at 25,286. In Japan, the Nikkei 225 flat at 27,710, while the Topix index is flat at 1934.0. South Korea’s Kospi down 0.01% to 3129.51. Australia S&P/ASX 200 down 0.02% at 7485.9. European equities Wednesday closing. The DAX futures contract in Germany traded flat at 15860.66, CAC 40 futures flat at 6676.49 and the UK 100 futures contract in the U.K. up 0.08% at 7,148.14. In U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.02% at 35407.92. The S&P 500 flat at 4496.20 and the Nasdaq 100 down 0.03% at 15339.20, NYSE closes at 16814.72 down 0.04%. In the Forex market, GBPUSD down 0.07% at 1.37452. The USDJPY up flat at 110.001. The USDCHF up 0.07% at 0.91508. EURUSD down 0.04% at 1.1760, EUR/GBP up 0.04% at 0.85568. The USD/CNY up 0.07% at 6.4835, at the time of writing. In the commodity market U.S. Gold futures down 0.06% at $1,785.39. Elsewhere, Silver futures up 0.04% to $23.690 per ounce, Platinum down 0.14% at $988.52 per ounce, and Palladium down 0.21% at $2,390.50. Crude Oil up on Thursday; Brent crude oil up 0.03% at $72.06 per barrel while U.S. West Texas Intermediate (CLc1) is up 0.03% at $68.03. In the Cryptocurrency Markets, BTCUSD at 47003.58 down 0.22%, Ethereum at flat at 3110.00, Litecoin at 170.77 up 0.07%, at the time of writing. TOP STOCKS TO WATCH OUT TODAY: Western Digital Corp. up 7.801% at $65.50, American Express Co. up 3.089% at $166.18, Micron Technology Inc. up 2.862% to $74.04, Gap Inc. down 5.307% to $27.48, Biogen Inc. down 1.903% to $342.75, Pfizer Inc. down 1.798% at $47.51. Economic news: US: Mortgage applications increased last week, as purchasing applications posted their largest increase since early July while mortgage rates edged down. The Mortgage Bankers Association (MBA) said on Wednesday its average contract interest rate for traditional 30-year mortgages declined to 3.03% from 3.06% in the week ending Aug. 20. The seasonally adjusted market composite index tracking mortgage applications rose 1.6% from a week earlier, reflecting a 0.9% increase in applications to refinance existing loans. Purchase applications rose 3.0%, the MBA said. After hitting record lows late last year below 2.9%, mortgage rates climbed in the first part of this year and peaked in the spring. Rates had been drifting lower since, held down in large part by the U.S. Federal Reserve’s extraordinary stimulus measures aimed at helping the economy rebound from the coronavirus pandemic, but ticked higher last week after data showed a hiring surge last month. Eurozone: The mood among German consumers darkened heading into September as accelerating inflation and rising COVID-19 cases made them more hesitant to buy, a survey showed on Thursday. The GfK institute said its consumer sentiment index, based on a survey of around 2,000 Germans, dropped to -1.2 points for September, from a revised -0.4 points a month earlier. The reading compared with a Reuters forecast for -0.7. “Prices have been rising rapidly since the middle of this year. This has a dampening effect on the consumer mood,” GfK consumer expert Rolf Buerkl said in a statement. Germany’s harmonised annual consumer prices rose 3.1% in July, hitting a 13-year high and fuelling a debate about whether the increase in the cost of living will persist. An increase in coronavirus infections and a slower pace of vaccinations have also hit consumers’ expectations for the economy and affected their propensity to buy, Buerkl added. Important Data: US GDP (QoQ) (Q2) today at 8:30 this time estimated 6.7%, previously which was 6.5%. US Initial Jobless Claims today at 8:30 this time estimated 350K, previously which was 348K. AUSTRALIA Retail Sales (MoM) (Jul) today at 21:30 this time estimated -2.3%, previously which was -1.8%. JAPAN Tokyo Core CPI (YoY) (Aug) today at 19:30 this time estimated -0.2%, previously which was -0.3%. TECHNICAL SUMMARY GBPUSD TRADE SUGGESTION- SELL AT 1.37380, TAKE PROFIT AT 1.37154 AND STOP LOSS AT 1.37675 EURUSD TRADE SUGGESTION- BUY AT 1.17582, TAKE PROFIT AT 1.17889 AND STOP LOSS AT 1.17369 USDJPY TRADE SUGGESTION- BUY AT 110.116, TAKE PROFIT AT 110.332 AND STOP LOSS AT 109.896 USDCHF TRADE SUGGESTION- BUY AT 0.91636, TAKE PROFIT AT 0.91852 AND STOP LOSS AT 0.91408 S&P 500 TRADE SUGGESTION- BUY AT 4484.44 TAKE PROFIT AT 4500.14 AND STOP LOSS AT 4466.92 WTI CRUDE OIL TRADE SUGGESTION- BUY AT 67.65 TAKE PROFIT AT 68.44 AND STOP LOSS AT 66.92 GOLD TRADE SUGGESTION- SELL AT 1786.56, TAKE PROFIT AT 1775.80 AND STOP AT 1793.37 ETHEREUM TRADE SUGGESTION- SELL AT 3114.14 TAKE PROFIT AT 3042.31 AND STOP AT 3185.70
TECHNICAL ANALYSIS REPORT TODAY – 30 AUGUST 2021 Asia Pacific stocks were mostly up on Monday morning. The Shanghai composite is down 0.11% at 3,518.17. Overall, the Singapore MSCI up 0.89% at 357.00. Over in Hong Kong, the Hang Seng Index down 0.27% at 25,298. In Japan, the Nikkei 225 up 0.47% at 27,770, while the Topix index is up 0.96% at 1948.5. South Korea’s Kospi up 0.37% to 3145.34. Australia S&P/ASX 200 up 0.30% at 7510.4. European equities Friday closing. The DAX futures contract in Germany traded up 0.37% at 15851.75, CAC 40 futures up 0.24% at 6681.91 and the UK 100 futures contract in the U.K. up 0.32% at 7,148.02. In U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.69% at 35455.81. The S&P 500 up 0.88% at 4509.38 and the Nasdaq 100 up 0.05% at 15440.7, NYSE closes at 16844.74 up 0.90%. In the Forex market, GBPUSD up 0.11% at 1.37720. The USDJPY up down 0.03% at 109.766. The USDCHF up 0.08% at 0.91167. EURUSD up 0.04% at 1.18011, EUR/GBP up 0.03% at 0.85681. The USD/CNY down 0.04% at 6.4688, at the time of writing. In the commodity market U.S. Gold futures down 0.11% at $1,814.45. Elsewhere, Silver futures down 0.02% to $23.986 per ounce, Platinum down 0.27% at $1009.50 per ounce, and Palladium down 0.06% at $2,417.00. Crude Oil up on Monday; Brent crude oil up 0.17% at $72.70 per barrel while U.S. West Texas Intermediate (CLc1) is up 1.86% at $69.06. In the Cryptocurrency Markets, BTCUSD at 47878.14 down 1.89%, Ethereum at down 1.92% at 3164.34, Litecoin at 171.51 down 1.70%, at the time of writing. TOP STOCKS TO WATCH OUT TODAY: Nov Inc. up 4.904% at $13.69, Teradyne Inc. up 4.643% at $122.60, Marathon Oil Corp. up 4.254% to $12.01, Moderna Inc. down 4.517% to $382.22, Autozone Inc. down 2.543% to $1548.49, Pfizer Inc. down 1.646% at $46.60. Economic news: US: The dollar loitered around multi-week lows on Monday in the wake of Federal Reserve Chair Jerome Powell laying out a slower-than-expected path to rate hikes, as traders’ focus shifted to U.S. jobs figures due on Friday for clues on a tapering timeline. A storm lashing oilfield in the Gulf of Mexico also lent support to crude prices and to oil-exposed currencies, helping the Norwegian crown drift to a seven-week peak. The euro touched its highest since early August during Asia trade, at $1.1810, and the yen rose to its strongest since last Wednesday at 109.70 per dollar. A holiday in Britain on Monday was expected to limit further moves in the London session. The greenback has fallen since Powell said on Friday that tapering could begin this year but that it wouldn’t directly signal higher rates, as hiking would need the economy to pass a substantially more stringent test. Eurozone: French consumers were only marginally less confident about their economic prospects in August despite a surge in coronavirus cases and new rules requiring a health pass to enter many retail outlets, a monthly survey showed on Friday. The INSEE official statistics agency said its monthly consumer confidence index fell to 99 from 100 in July, just short of the average expectation for 100 in a Reuters poll of 10 economists. The index had peaked at 102 in June – the highest since the pandemic started – as vaccination rates picked up and coronavirus restrictions were eased. But with France now facing its fourth coronavirus wave as the Delta variant spreads, the government began requiring people earlier this month to show proof of vaccination to enter cafes, restaurants, trains and big shopping malls. Important Data: US Pending Home Sales (MoM) (Jul) today at 10:00 this time estimated 0.4%, previously which was -1.9%. RUSSIA GDP Quarterly (YoY) (Q2) today at 14:00 previously which was 10.3%. JAPAN Jobs/applications ratio (Jul) today at 19:30 this time estimated 1.12, previously which was 1.13. AUSTRALIA Private Sector Credit (MoM) (Jul) today at 21:30 previously which was 0.9%. TECHNICAL SUMMARY GBPUSD TRADE SUGGESTION- SELL AT 1.37607, TAKE PROFIT AT 1.37364 AND STOP LOSS AT 1.37839 EURUSD TRADE SUGGESTION- BUY AT 1.17937, TAKE PROFIT AT 1.18191 AND STOP LOSS AT 1.17752 EURGBP TRADE SUGGESTION- BUY AT 0.85669, TAKE PROFIT AT 0.85874 AND STOP LOSS AT 0.85549 EURJPY TRADE SUGGESTION- BUY AT 129.524, TAKE PROFIT AT 129.741 AND STOP LOSS AT 129.368 NASDAQ 100 TRADE SUGGESTION- BUY AT 15441.49 TAKE PROFIT AT 15454.99 AND STOP LOSS AT 15389.01 WTI CRUDE OIL TRADE SUGGESTION- BUY AT 68.19 TAKE PROFIT AT 68.78 AND STOP LOSS AT 67.72 GOLD TRADE SUGGESTION- BUY AT 1813.70, TAKE PROFIT AT 1824.16 AND STOP AT 1806.27 BTCUSD TRADE SUGGESTION- BUY AT 47916.09 TAKE PROFIT AT 49292.10 AND STOP AT 47001.13
TECHNICAL ANALYSIS REPORT TODAY – 31 AUGUST 2021 Asia Pacific stocks were mostly up on Tuesday morning. The Shanghai composite is up 0.23% at 3,535.62. Overall, the Singapore MSCI down 0.89% at 352.55. Over in Hong Kong, the Hang Seng Index up 0.62% at 25,579. In Japan, the Nikkei 225 up 1.59% at 28,180, while the Topix index is up 0.98% at 1964.5. South Korea’s Kospi up 1.75% to 3199.27. Australia S&P/ASX 200 up 0.41% at 7534.9. European equities Monday closing. The DAX futures contract in Germany traded up 0.22% at 15887.31, CAC 40 futures up 0.08% at 6687.31 and the UK 100 futures contract in the U.K. up 0.32% at 7,148.02. In U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.16% at 35399.85. The S&P 500 up 0.43% at 4528.80 and the Nasdaq 100 up 0.40% at 15640.7, NYSE closes at 16819.62 down 0.15%. In the Forex market, GBPUSD up 0.25% at 1.37909. The USDJPY down 0.05% at 109.865. The USDCHF down 0.13% at 0.91523. EURUSD up 0.27% at 1.18278, EUR/GBP up 0.04% at 0.85737. The USD/CNY down 0.08% at 6.4614, at the time of writing. In the commodity market U.S. Gold futures up 0.35% at $1,815.98. Elsewhere, Silver futures up 0.58% to $24.134 per ounce, Platinum up 0.43% at $1012.31 per ounce, and Palladium down 0.12% at $2,490.00. Crude Oil mix on Tuesday; Brent crude oil down 0.25% at $73.20 per barrel while U.S. West Texas Intermediate (CLc1) is up 0.61% at $69.48. In the Cryptocurrency Markets, BTCUSD at 46997.47 down 0.01%, Ethereum at up 0.39% at 3238.95, Litecoin at 168.58 up 0.74%, at the time of writing. TOP STOCKS TO WATCH OUT TODAY: ETSY Inc. up 3.474% at $217.71, Apple Inc. up 3.042% at $153.12, HP Inc. up 2.835% to $29.74, Tesla Inc. up 2.667% to $730.91, NetEase Inc. down 3.385% to $89.62, Moderna Inc. down 3.017% at $370.69. Economic news: US: Cleveland Federal Reserve Bank President Loretta Mester said on Monday that the U.S. economy is recovering strongly but she is not yet convinced that recent inflation readings will be enough to satisfy the price stability goal the U.S. central bank revamped a year ago. The policymaker said there were upside risks to inflation and that officials need to pay close attention to price changes, but that she expects some inflation metrics will come down after some of the supply chain disruptions caused by the pandemic are resolved. “I’d like to see a little more data before I can arrive and conclude that…we’re at 2% and on the way above 2% for some time,” Mester said during an interview with Reuters on Monday. Mester’s remarks highlight the growing tension among Fed policymakers as they approach a turning point in their policy without broad agreement on some of the key metrics that define their goals. Eurozone: The European Commission told the Czech Republic on Monday it would halt the payment of some EU subsidies until the country tightens its laws to guard against conflicts of interest. The EU executive concluded in an audit released in April that Prime Minister Andrej Babis was in a conflict of interest as final owner of a business empire, mainly under the Agrofert group of companies, that receives EU funding. Babis has repeatedly insisted he has not broken any laws, having moved his business holdings into two trust funds. But on Monday, the Commission said it would not reimburse any spending on EU projects claimed by companies held by trust funds for now. “As long as all the recommendations formulated in the (audit) report are not carried out, we are advising the Czech authorities not to declare expenses that are due for companies whose beneficial owners are trust funds. It’s a warning,” the Commission said. Important Data: US CB Consumer Confidence (Aug) today at 10:00 this time estimated 124.0, previously which was 129.1. US API Weekly Crude Oil Stock today at 16:30 this time estimated -2.833M, previously which was -1.622M. AUSTRALIA GDP (QoQ) (Q2) today at 21:30 this time estimated 0.5%, previously which was 1.8%. JAPAN Capital Spending (YoY) (Q2) today at 19:50 previously which was -7.8%. TECHNICAL SUMMARY GBPUSD TRADE SUGGESTION- BUY AT 1.37888, TAKE PROFIT AT 1.38164 AND STOP LOSS AT 1.37623 EURUSD TRADE SUGGESTION- BUY AT 1.18249, TAKE PROFIT AT 1.18776 AND STOP LOSS AT 1.17991 GBPJPY TRADE SUGGESTION- BUY AT 151.391, TAKE PROFIT AT 151.573 AND STOP LOSS AT 151.210 CHFJPY TRADE SUGGESTION- SELL AT 119.891, TAKE PROFIT AT 119.729 AND STOP LOSS AT 120.145 EURO STOXX 50 TRADE SUGGESTION- BUY AT 4205.00 TAKE PROFIT AT 4236.00 AND STOP LOSS AT 4194.00 WTI CRUDE OIL TRADE SUGGESTION- BUY AT 69.27 TAKE PROFIT AT 69.83 AND STOP LOSS AT 68.60 GOLD TRADE SUGGESTION- BUY AT 1815.83, TAKE PROFIT AT 1823.82 AND STOP AT 1806.56 ETHEREUM TRADE SUGGESTION- BUY AT 3355.63 TAKE PROFIT AT 3444.90 AND STOP AT 3280.09
TECHNICAL ANALYSIS REPORT TODAY – 01 SEPTEMBER 2021 Asia Pacific stocks were mixed on Wednesday morning. The Shanghai composite is up 0.52% at 3,562.43. Overall, the Singapore MSCI up 0.85% at 355.15. Over in Hong Kong, the Hang Seng Index up 0.70% at 25,939. In Japan, the Nikkei 225 up 1.03% at 28,480, while the Topix index is up 0.92% at 1983.0. South Korea’s Kospi up 0.29% to 3208.64. Australia S&P/ASX 200 down 0.21% at 7518.8. European equities Tuesday closing. The DAX futures contract in Germany traded down 0.33% at 15835.09, CAC 40 futures down 0.11% at 6680.19 and the UK 100 futures contract in the U.K. down 0.40% at 7,119.71. In U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.11% at 35360.74. The S&P 500 down 0.13% at 4522.69 and the Nasdaq 100 up 0.17% at 15630.5, NYSE closes at 16806.43 down 0.08%. In the Forex market, GBPUSD down 0.03% at 1.37506. The USDJPY up 0.21% at 110.216. The USDCHF up 0.36% at 0.91830. EURUSD down 0.08% at 1.1799, EUR/GBP up 0.05% at 0.85784. The USD/CNY flat at 6.4611, at the time of writing. In the commodity market U.S. Gold futures up 0.15% at $1,816.34. Elsewhere, Silver futures down 0.06% to $23.854 per ounce, Platinum up 0.08% at $1013.53 per ounce, and Palladium up 0.25% at $2,478.79. Crude Oil mix on Wednesday; Brent crude oil up 0.53% at $72.06 per barrel while U.S. West Texas Intermediate (CLc1) is down 0.85% at $68.89. In the Cryptocurrency Markets, BTCUSD at 47253.54 up 0.21%, Ethereum at up 2.37% at 3514.05, Litecoin at 172.37 up 0.50%, at the time of writing. TOP STOCKS TO WATCH OUT TODAY: APA Corp. up 4.394% at $19.48, Discovery Inc. up 3.555% at $28.84, Willis Towers Watson PLC. up 2.318% to $220.72, CSX Corp. down 1.722% to $32.53, Biogen Inc. down 1.6% to $338.91, DocuSign Inc. down 2.437% at $296.24. Economic news: US: U.S. single-family home prices in 20 key urban markets rose in June from a year earlier at the fastest pace on record, a closely watched survey showed on Tuesday. The S&P CoreLogic Case-Shiller composite index of 20 metropolitan areas gained 19.1% through the 12 months ended in June from an upwardly revised 17.1% in the 12 months through May, marking the largest annual price increase in the survey’s two decades. A Reuters poll of economists had forecast an increase of 18.5%. On a month-to-month basis, the 20-city composite index rose 1.8% from May, in line with estimates from economists polled by Reuters. Among the 20 cities, Phoenix, San Diego, and Seattle reported the largest year-over-year gains in June. A separate report from the Federal Housing Finance Agency (FHFA) on Tuesday showed its house price index rose a record 18.8% in the 12 months through June. House prices surged 17.4% in the second quarter compared to the same period in 2020. Eurozone: The euro zone economy is growing quicker than earlier predicted and the European Central Bank will factor this into its policy decisions, ECB Vice President Luis de Guindos told a Spanish newspaper. As borrowing costs stay extra low and the euro zone has largely avoided the worst of the pandemic’s Delta variant, several policymakers have called for a reduction in emergency bond purchases as soon as next week, in preparation for their end next March. “The economy is performing better in 2021 than we expected, and this will be reflected in the projections that will be published in the coming days,” El Confidential quoted de Guindos as saying on Wednesday. “We will have new projections in the coming days and will take our decisions accordingly,” de Guindos said. On Sept. 9, the ECB will have to decide on the pace of bond purchases for the coming quarter. While de Guindos did not offer a view on the pending move, he argued that the robust recovery paves the way for the eventual withdrawal of copious support. Important Data: UK Manufacturing PMI (Aug) today at 4:30 this time estimated 60.1, previously which was 60.4. EURO ZONE Unemployment Rate (Jul) today at 5:00 this time estimated 7.6%, previously which was 7.7%. US ADP Nonfarm Employment Change (Aug) today at 8:15 this time estimated 613K, previously which was 330K. US Crude Oil Inventories today at 10:30 this time estimated -3.088M, previously which was -2.979M. TECHNICAL SUMMARY GBPUSD TRADE SUGGESTION- SELL AT 1.37452, TAKE PROFIT AT 1.37189 AND STOP LOSS AT 1.37815 EURUSD TRADE SUGGESTION- BUY AT 1.18046, TAKE PROFIT AT 1.18207 AND STOP LOSS AT 1.17917 USDJPY TRADE SUGGESTION- BUY AT 110.199, TAKE PROFIT AT 110.396 AND STOP LOSS AT 110.089 USDCHF TRADE SUGGESTION- BUY AT 0.91829, TAKE PROFIT AT 0.92027 AND STOP LOSS AT 0.91681 S&P 500 TRADE SUGGESTION- BUY AT 4540.09 TAKE PROFIT AT 4550.00 AND STOP LOSS AT 4532.36 WTI CRUDE OIL TRADE SUGGESTION- BUY AT 69.08 TAKE PROFIT AT 69.55 AND STOP LOSS AT 68.54 GOLD TRADE SUGGESTION- BUY AT 1812.16, TAKE PROFIT AT 1818.97 AND STOP AT 1806.03 LITECOIN USD TRADE SUGGESTION- SELL AT 172.98 TAKE PROFIT AT 164.64 AND STOP AT 180.66
TECHNICAL ANALYSIS REPORT TODAY – 02 SEPTEMBER 2021 Asia Pacific stocks were mixed on Thursday morning. The Shanghai composite is up 0.67% at 3,591.09. Overall, the Singapore MSCI down 0.32% at 355.15. Over in Hong Kong, the Hang Seng Index down 0.04% at 25,919. In Japan, the Nikkei 225 up 0.04% at 28,500, while the Topix index is down 0.13% at 1981.5. South Korea’s Kospi down 0.97% to 3175.85. Australia S&P/ASX 200 down 0.54% at 7486.2. European equities Wednesday closing. The DAX futures contract in Germany traded down 0.22% at 15767.00, CAC 40 futures up 1.18% at 6758.70 and the UK 100 futures contract in the U.K. up 0.42% at 7,149.85. In U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.14% at 35312.54. The S&P 500 up 0.03% at 4524.10 and the Nasdaq 100 up 0.03% at 15618.8, NYSE closes at 16845.98 up 0.24%. In the Forex market, GBPUSD up 0.10% at 1.37811. The USDJPY up 0.02% at 110.002. The USDCHF up 0.07% at 0.91520. EURUSD up 0.02% at 1.1841, EUR/GBP down 0.05% at 0.85925. The USD/CNY up 0.04% at 6.4614, at the time of writing. In the commodity market U.S. Gold futures up 0.06% at $1,814.33. Elsewhere, Silver futures up 0.12% to $24.140 per ounce, Platinum down 0.15% at $999.98 per ounce, and Palladium down 0.57% at $2,440.00. Crude Oil up on Thursday; Brent crude oil up 0.22% at $71.44 per barrel while U.S. West Texas Intermediate (CLc1) is up 0.12% at $68.97. In the Cryptocurrency Markets, BTCUSD at 49732.75 up 1.80%, Ethereum at down 2.10% at 3751.20, Litecoin at 183.58 up 1.43%, at the time of writing. TOP STOCKS TO WATCH OUT TODAY: Moderna Inc. up 3.518% at $389.94, Equinix Inc. up 3.01% at $868.84, Dexcom Inc. up 2.928% to $544.92, Marathon Oil Corp. down 4.17% to $11.26, Western Digital Corp. down 3.418% to $61.04, KLA Corp. down 1.327% at $335.45. Economic news: US: The U.S. House of Representatives Armed Services Committee on Wednesday backed a proposal to increase spending for the Department of defence by about $25 billion, more than the $715 billion proposed by President Joe Biden’s administration. The vote paved the way for $740 billion budget for the Pentagon next year, since the Senate Armed Services Committee had already backed that spending level in its version of the bill. The vote in favour of the amendment to the annual National defence Authorization Act, or NDAA, was 42-17, as more than a dozen Democrats joined every committee Republican in favour of higher spending. Eurozone: British house prices rebounded surprisingly strongly in August, chalking up their second-biggest monthly rise in 15 years after a fall the month before when a pandemic-era tax break began to be phased out. Mortgage lender Nationwide Building Society said British house prices rose by 2.1% month on month in August after a 0.6% fall in July, well above economists’ forecasts in a Reuters poll for a modest 0.2% increase. Property purchases slumped in July when a year-long exemption from stamp duty for the first 500,000 pounds ($687,550) of a house purchase ended in England and Northern Ireland. “The bounce back in August is surprising because it seemed more likely that the tapering of stamp duty relief in England at the end of June would take some of the heat out of the market,” Nationwide chief economist Robert Gardner said. But the pick-up in prices in August suggests the importance of other factors such as a shortage of houses and demand for more spacious accommodation suited to working from home, which have pushed up prices in Britain and in other countries. Important Data: US Initial Jobless Claims today at 8:30 this time estimated 345K, previously which was 353K. US Trade Balance (Jul) today at 8:30 this time estimated -71.00B, previously which was -75.70B. CANADA Trade Balance (Jul) today at 8:30 this time estimated 1.40B, previously which was 3.23B. RUSSIA Central Bank reserves (USD) today at 9:00 previously which was 595.6B. TECHNICAL SUMMARY GBPUSD TRADE SUGGESTION- BUY AT 1.3774, TAKE PROFIT AT 1.38016 AND STOP LOSS AT 1.37505 EURUSD TRADE SUGGESTION- BUY AT 1.18392, TAKE PROFIT AT 1.18718 AND STOP LOSS AT 1.18203 EURGBP TRADE SUGGESTION- BUY AT 0.85942, TAKE PROFIT AT 0.86069 AND STOP LOSS AT 0.85818 EURJPY TRADE SUGGESTION- BUY AT 130.302, TAKE PROFIT AT 130.522 AND STOP LOSS AT 130.153 FTSE 100 TRADE SUGGESTION- BUY AT 7149.20 TAKE PROFIT AT 7170.50 AND STOP LOSS AT 7135.30 WTI CRUDE OIL TRADE SUGGESTION- BUY AT 68.54 TAKE PROFIT AT 69.28 AND STOP LOSS AT 68.13 GOLD TRADE SUGGESTION- BUY AT 1813.56, TAKE PROFIT AT 1819.31 AND STOP AT 1806.26 BTC USD TRADE SUGGESTION- BUY AT 50081.16 TAKE PROFIT AT 50439.90 AND STOP AT 49773.00
TECHNICAL ANALYSIS REPORT TODAY – 06 SEPTEMBER 2021 Asia Pacific stocks were mostly up on Monday morning. The Shanghai Composite is up 1.07% at 3,619.96. Overall, the Singapore MSCI is up 0.82% at 358.30. Over in Hong Kong, the Hang Seng Index is up 0.87% at 26,070. In Japan, the Nikkei 225 is up 1.75% at 29,670, while the Topix index is up 1.09% at 2040.5. South Korea’s Kospi down 0.14% to 3197.02. Australia S&P/ASX 200 down 0.40% at 7493.1. European equities Friday closing. The DAX futures contract in Germany traded down 0.37% at 15781.20, CAC 40 futures down 1.08% at 6690.00 and the UK 100 futures contract in the U.K. up 0.13% at 7,148.20. In U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.21% at 35369.10. The S&P 500 down 0.03% at 4535.42 and the Nasdaq 100 up 0.18% at 15683.8, NYSE closes at 16909.72 down 0.10%. In the Forex market, GBPUSD up 0.05% at 1.38530. The USDJPY up 0.09% at 109.783. The USDCHF up 0.10% at 0.91479. EURUSD down 0.07% at 1.18699, EUR/GBP up 0.09% at 0.85687. The USD/CNY flat at 6.4531 at the time of writing. In the commodity market U.S. Gold futures up 0.08% at $1,827.32. Elsewhere, Silver futures up 0.45% to $24.78 per ounce, Platinum up 0.10% at $1026.43 per ounce, and Palladium up 0.58% at $2,435.00. Crude Oil down on Monday; Brent crude oil down 1.22% at $71.54 per barrel while U.S. West Texas Intermediate (CLc1) is down 0.71% at $69.51. In the Cryptocurrency Markets, BTCUSD at 51793.25 down 0.03%, Ethereum down 0.48% at 3932.60, Litecoin at 227.52 down 2.10%, at the time of writing. TOP STOCKS TO WATCH OUT TODAY: Moderna Inc. up 4.788% at $416.70, ETSY Inc. up 3.227% at $220.38, NVIDIA Corp. up 1.996% to $228.43, Carnival Corp. down 4.413% to $22.96, Nov Inc. down 2.778% to $12.95, Discovery Inc. down 2.267% at $27.16. Economic news: US: U.S. job growth slowed more than expected in August amid a softening in demand for services and persistent worker shortages as COVID-19 infections soared, but the pace was enough to sustain the economic expansion. Nonfarm payrolls increased by 235,000 jobs last month after surging 1.053 million in July, the Labor Department said on Friday. The unemployment rate fell to 5.2% from 5.4%. Economists polled by Reuters had forecast nonfarm payrolls increasing by 728,000 jobs and the unemployment rate falling to 5.2%. Eurozone: Top banks in Europe continue to use tax havens to book chunks of profits, a trend that has changed little since 2014 despite country-by-country disclosures becoming mandatory, the EU Tax Observatory said in a report on Monday. The independent research body, co-financed by the European Union, said disclosures from 36 major European banks showed they booked a total of 20 billion euros ($23.77 billion) or about 14% of total profits, in tax havens, even though few were employed there. Profits booked by banks in tax havens work out at around 238,000 per employee, compared with 65,000 euros in non-tax havens, the report said. “This suggests that the profits booked in tax havens are primarily shifted out of other countries where service production occurs,” it added. Taxes have become a sensitive issue, with cash-strapped governments plugging holes in the economy due to COVID seeking to agree on a common rate for taxing Big Tech, in particular. Important Data: UK Construction PMI (Aug) today at 4:30 this time estimated 56.9, previously which was 58.7. JAPAN Household Spending (MoM) (Jul) today at 19:30 this time estimated 1.1%, previously which was -3.2%. AUSTRALIA Building Approvals (MoM) today at 21:30 this time estimated -8.6%, previously which was -8.6%. CHINA Imports (YoY) (Aug) today at 23:00 this time estimated 26.8%, previously which was 28.1%. TECHNICAL SUMMARY GBPUSD TRADE SUGGESTION- BUY AT 1.38461, TAKE PROFIT AT 1.38903 AND STOP LOSS AT 1.38107 EURUSD TRADE SUGGESTION- BUY AT 1.18702, TAKE PROFIT AT 1.18906 AND STOP LOSS AT 1.18471 USDJPY TRADE SUGGESTION- SELL AT 109.78, TAKE PROFIT AT 109.66 AND STOP LOSS AT 109.91 USDCHF TRADE SUGGESTION- SELL AT 0.91467, TAKE PROFIT AT 0.91317 AND STOP LOSS AT 0.91622 CAC 40 TRADE SUGGESTION- SELL AT 6707.3 TAKE PROFIT AT 6654.7 AND STOP LOSS AT 6743.5 WTI CRUDE OIL TRADE SUGGESTION- SELL AT 68.33 TAKE PROFIT AT 67.70 AND STOP LOSS AT 69.24 GOLD TRADE SUGGESTION- BUY AT 1826.58, TAKE PROFIT AT 1833.50 AND STOP AT 1819.39 BTCUSD TRADE SUGGESTION- BUY AT 51826.04 TAKE PROFIT AT 52969.19 AND STOP AT 50961.32
TECHNICAL ANALYSIS REPORT TODAY – 07 SEPTEMBER 2021 Asia Pacific stocks were mostly down on Tuesday morning. The Shanghai composite is up 1.47% at 3,675.30. Overall, the Singapore MSCI down 0.54% at 358.45. Over in Hong Kong, the Hang Seng Index up 0.99% at 26,335. In Japan, the Nikkei 225 up 0.61% at 29,930, while the Topix index is up 0.95% at 2064.5. South Korea’s Kospi down 0.47% to 3188.25. Australia S&P/ASX 200 down 0.06% at 7524.2. European equities Monday closing. The DAX futures contract in Germany traded up 0.96% at 15932.12, CAC 40 futures up 0.80% at 6743.51 and the UK 100 futures contract in the U.K. up 0.68% at 7,187.19. In U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.21% at 35369.10. The S&P 500 down 0.03% at 4535.42 and the Nasdaq 100 up 0.18% at 15683.8, NYSE closes at 16909.72 down 0.10%. In the Forex market, GBPUSD down 0.04% at 1.38243. The USDJPY up 0.08% at 109.897. The USDCHF up 0.08% at 0.91537. EURUSD down 0.01% at 1.18667, EUR/GBP up 0.12% at 0.85831. The USD/CNY down 0.10% at 6.4572 at the time of writing. In the commodity market U.S. Gold futures down 0.37% at $1,816.26. Elsewhere, Silver futures down 0.60% to $24.527 per ounce, Platinum down 0.46% at $1018.00 per ounce, and Palladium down 0.22% at $2,405.83. Crude Oil mix on Tuesday; Brent crude oil up 0.69% at $72.58 per barrel while U.S. West Texas Intermediate (CLc1) is down 0.71% at $69.51. In the Cryptocurrency Markets, BTCUSD at 52540.00 down 0.32%, Ethereum down 0.40% at 3912.52, Litecoin at 219.14 down 0.20%, at the time of writing. TOP STOCKS TO WATCH OUT TODAY: Moderna Inc. up 4.788% at $416.70, ETSY Inc. up 3.227% at $220.38, NVIDIA Corp. up 1.996% to $228.43, Carnival Corp. down 4.413% to $22.96, Nov Inc. down 2.778% to $12.95, Discovery Inc. down 2.267% at $27.16. Economic news: US: U.S. job growth slowed more than expected in August amid a softening in demand for services and persistent worker shortages as COVID-19 infections soared, but the pace was enough to sustain the economic expansion. Nonfarm payrolls increased by 235,000 jobs last month after surging 1.053 million in July, the Labor Department said on Friday. The unemployment rate fell to 5.2% from 5.4%. Economists polled by Reuters had forecast nonfarm payrolls increasing by 728,000 jobs and the unemployment rate falling to 5.2%. Eurozone: German industrial output rose more than expected in July after three monthly drops, data showed on Tuesday, in a sign that factories are slowly overcoming supply bottlenecks which have been holding back a recovery in Europe’s biggest economy. The Federal Statistics Office said industrial output, including construction and energy, increased by 1.0% on the month after a revised decline of -1.0% in June. A Reuters poll had pointed to a rise of 0.9%. Output in manufacturing alone jumped by 1.3% as factories churned out more capital and consumer goods. Construction output rose 1.1% while production in the energy sector fell 3.2%. “After the decline in industrial production in the second quarter, the third quarter got off to a friendly start,” the economy ministry said. The mighty automobile industry increased its output by 1.9% and the machinery and engineering sector hiked production by 6.9%, the ministry said. “Even if the supply bottlenecks with semiconductors, which have slowed down production, are likely to persist for a while, the output figures suggest that industry could have overcome its low point,” the ministry added. Important Data: EURO ZONE GDP (QoQ) (Q2) today at 5:00 this time estimated 2.0%, previously which was 2.0%. JAPAN GDP (QoQ) (Q2) today at 19:50 this time estimated 0.4%, previously which was 0.3%. Germany ZEW Economic Sentiment (Sep) today at 5:00 this time estimated 30.0, previously which was 40.4. JAPAN Current Account n.s.a. (Jul) today at 19:50 this time estimated 2.3T, previously which was 0.905T. TECHNICAL SUMMARY GBPUSD TRADE SUGGESTION- BUY AT 1.38253, TAKE PROFIT AT 1.38568 AND STOP LOSS AT 1.38103 EURUSD TRADE SUGGESTION- BUY AT 1.18667, TAKE PROFIT AT 1.18886 AND STOP LOSS AT 1.18517 EURGBP TRADE SUGGESTION- BUY AT 0.85785, TAKE PROFIT AT 0.85919 AND STOP LOSS AT 0.85718 EURJPY TRADE SUGGESTION- BUY AT 130.448, TAKE PROFIT AT 130.558 AND STOP LOSS AT 130.395 DOW JONES TRADE SUGGESTION- BUY AT 35374.0 TAKE PROFIT AT 35475.0 AND STOP LOSS AT 35258.0 WTI CRUDE OIL TRADE SUGGESTION- SELL AT 68.95 TAKE PROFIT AT 68.33 AND STOP LOSS AT 69.52 GOLD TRADE SUGGESTION- BUY AT 1819.75, TAKE PROFIT AT 1824.69 AND STOP AT 1814.05 ETHEREUM TRADE SUGGESTION- BUY AT 3895.45 TAKE PROFIT AT 4020.00 AND STOP AT 3825.62
TECHNICAL ANALYSIS REPORT TODAY – 10 SEPTEMBER 2021 Asia Pacific stocks were mostly up on Friday morning. The Shanghai composite is up 0.63% at 3,715.85. Overall, the Singapore MSCI up 1.07% at 355.50. Over in Hong Kong, the Hang Seng Index up 1.87% at 26,125. In Japan, the Nikkei 225 up 0.47% at 30,130, while the Topix index is up 0.10% at 2068.5. South Korea’s Kospi up 0.39% to 3125.39. Australia S&P/ASX 200 up 0.51% at 7407.4. European equities Thursday closing. The DAX futures contract in Germany traded up 0.08% at 15623.15, CAC 40 futures up 0.24% at 6684.73 and the UK 100 futures contract in the U.K. down 1.00% at 7,024.22. In U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.43% at 34879.39. The S&P 500 down 0.46% at 4493.27 and the Nasdaq 100 up 0.19% at 15591.3, NYSE closes at 16663.12 down 0.41%. In the Forex market, GBPUSD up 0.07% at 1.3843. The USDJPY up 0.20% at 109.89. The USDCHF down 0.01% at 0.9165. EURUSD up 0.03% at 1.18278, EUR/GBP up 0.01% at 0.8544. The USD/CNY down 0.21% at 6.4417 at the time of writing. In the commodity market U.S. Gold futures up 0.47% at $1,802.41. Elsewhere, Silver futures up 0.78% to $24.219 per ounce, Platinum up 0.31% at $982.59 per ounce, and Palladium up 1.74% at $2,222.50. Crude Oil mix on Friday; Brent crude oil up 1.00% at $72.05 per barrel while U.S. West Texas Intermediate (CLc1) is down 0.92% at $68.88. In the Cryptocurrency Markets, BTCUSD at 46706.54 up 0.68%, Ethereum up 0.92% at 3455.41, Litecoin at 183.88 up 2.00%, at the time of writing. TOP STOCKS TO WATCH OUT TODAY: Moderna Inc. up 7.808% at $455.92, Willis Towers Watson PLC up 4.448% at $236, KLA Corp. up 3.29% to $347.83, Biogen Inc. down 6.655% to $300.15, Seagen Inc. down 2.069% to $149.59, NetEase Inc. down 2.06% at $88.91. Economic news: US: Two Federal Reserve officials said on Thursday they would sell their individual stock holdings by the end of the month to address the appearance of conflicts of interest. Dallas Fed President Robert Kaplan and Boston Fed President Eric Rosengren issued statements saying they would invest the proceeds of those sales in diversified index funds and cash savings and would not trade in those accounts as long as they are serving in their roles. The announcements come after the official’s faced scrutiny over trades they made last year, according to their financial disclosure forms. Eurozone: The Bank of England will raise borrowing costs by end-2022, earlier than previously thought, and there is a chance it comes even sooner as a solid economic recovery from the pandemic and high inflation may tip its hand, a Reuters poll found. Like central banks across the world, the BoE slashed borrowing costs at the height of the coronavirus pandemic and also restarted its quantitative easing programme. But as daily deaths from COVID-19 have fallen thanks to extensive vaccination, much of life in Britain has returned to normal. Bank Rate was seen rising to 0.25% in the fourth quarter of 2022 from its current record low of 0.10%, according to the Sept. 6-9 poll. In an August poll no change was expected until 2023. Such a move would put the BoE ahead of the U.S. Federal Reserve, which is not forecast to raise interest rates until 2023, although the Fed is expected to announce a plan to taper its asset purchases this month, a separate Reuters poll found. Important Data: US PPI (MoM) (Aug) today at 8:30 this time estimated 0.6%, previously which was 1.0%. CANADA Employment Change (Aug) today at 8:30 this time estimated 100K, previously which was 94K. CANADA Unemployment Rate (Aug) today at 08:30 this time estimated 7.3%, previously which was 7.5%. RUSSIA Interest Rate Decision (Sep) today at 6:30 this time estimated 7%, previously which was 6.5%. TECHNICAL SUMMARY GBPUSD TRADE SUGGESTION- BUY AT 1.38425, TAKE PROFIT AT 1.38680 AND STOP LOSS AT 1.38132 EURUSD TRADE SUGGESTION- BUY AT 1.18233, TAKE PROFIT AT 1.18426 AND STOP LOSS AT 1.18033 EURGBP TRADE SUGGESTION- SELL AT 0.8537, TAKE PROFIT AT 0.8508 AND STOP LOSS AT 0.8548 EURJPY TRADE SUGGESTION- BUY AT 129.952, TAKE PROFIT AT 130.216 AND STOP LOSS AT 129.829 S&P 500 TRADE SUGGESTION- SELL AT 4502.74 TAKE PROFIT AT 4479.23 AND STOP LOSS AT 4516.33 WTI CRUDE OIL TRADE SUGGESTION- SELL AT 68.66 TAKE PROFIT AT 68.12 AND STOP LOSS AT 69.20 GOLD TRADE SUGGESTION- BUY AT 1801.95, TAKE PROFIT AT 1806.82 AND STOP AT 1797.50 ETHEREUM TRADE SUGGESTION- SELL AT 3418.90 TAKE PROFIT AT 3326.75 AND STOP AT 3539.31
