Daily Technical Analysis by Capital Street FX

TECHNICAL ANALYSIS REPORT TODAY – 09 JUNE 2021
Asia Pacific stocks were mostly down Wednesday morning. The Shanghai composite is up 0.14% at 3,584.32. Overall, the Singapore MSCI down 0.48% at 359.20. Over in Hong Kong, the Hang Seng Index down 0.18% to 28,629. In Japan, the Nikkei 225 down 0.65% at 28,870, while the Topix index is down 0.48% at 1956.0. South Korea’s Kospi down 0.86% to 3220.04. Australia S&P/ASX 200 down 0.24% at 7275.4.
European equities Tuesday closing. The DAX futures contract in Germany traded 0.23% down at 15640.60, CAC 40 futures up 0.11% at 6551.02 and the UK 100 futures contract in the U.K. down 0.29% at 7,082.10.
In U.S. on Wall Street, the Dow Jones Industrial Average closed flat at 34599.83 the S&P 500 up 0.02% to 4227.25 and the Nasdaq 100 flat at 13813.00, NYSE closes at 16685.47 down 0.01%.
In the Forex market, GBPUSD up 0.03% at 1.41555. The USDJPY flat at 109.405. The USDCHF down 0.03% at 0.89645. EURUSD up 0.06% at 1.21805, EUR/GBP up 0.12% at 0.86042. The USD/CNY down 0.10% at 6.3939, at the time of writing.
In the commodity market U.S. Gold futures down 0.01% at $1,891.70. Elsewhere, Silver futures down 0.16% to $27.573per ounce, Platinum down 0.28% at $1158.73 per ounce, and Palladium down 0.30% to $2,800.50.
Crude Oil up on Wednesday; Brent crude oil up 0.64% to $72.50 barrel while U.S. West Texas Intermediate (CLc1) is up 0.71% at $69.53.
In the Cryptocurrency Markets, BTCUSD at 33758.02 up 1.10%, Ethereum at 2517.76 up 0.28%, Litecoin at 159.05 down 1.09%, at the time of writing.
TOP STOCKS TO WATCH OUT TODAY:
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Top 5 Stock
GAP Inc. up 2.871% at $32.25, EQUINIX Inc. up 2.717% at $816.66, DISCOVERY Inc. down 3.841% to $30.04, KLA Corp. down 1.491% to $313.8, SPLUNK Inc. up 1.227% to $117.11, MODERNA Inc. down 2.992% at $213.00.
Economic news:
US: The United States will target China with a new “strike force” to combat unfair trade practices, the Biden administration said on Tuesday, as it rolled out findings of a review of access to critical products, from semiconductors to electric-vehicle batteries.
The “supply chain trade strike force,” led by the U.S. trade representative, is looking for specific violations that contributed to a hollowing out of supply chains that could be addressed with tariffs or other remedies, including toward China, White House senior director for international economics and competitiveness Peter Harrell told reporters.
Officials also said the Department of Commerce is considering initiating a Section 232 investigation into the national security impact of neodymium magnet imports used in motors and other industrial applications, which the United States largely obtains from China.
President Joe Biden ordered the review of critical supply chains in February, requiring executive agencies to report back within 100 days on risks to U.S. access to critical goods like those used in pharmaceuticals as well as rare earth minerals, for which the United States is dependent on overseas sources.
Eurozone: Britain will tell the European Union on Wednesday time is running out to find solutions to ease post-Brexit trade with Northern Ireland, saying any further legal action by the bloc would not “make life any easier” for people in the province.
Since completing its exit from the EU late last year, Britain’s relations with it have soured, with both sides accusing each other of acting in bad faith over part of their trade deal that covers goods movements to Northern Ireland.
British Brexit minister David Frost will meet European Commission Vice President Maros Sefcovic in London to try to resolve the differences over the Northern Ireland protocol, but so far months of talks have done little to break the deadlock.
Brussels accuses London of breaking the agreement by failing to implement checks on some goods moving from Britain to its province of Northern Ireland, and has started legal action over the British government’s unilateral extension of a grace period.
London says it has no choice because some of the checks hamper supplies to Northern Irish supermarkets. It points to rising tensions among pro-British unionists in the province.
Important Data: CANADA BoC Interest Rate Decision today at 10:00 this time estimated 0.25%, previously which was 0.25%. US Crude Oil Inventories today at 10:30 this time estimated -2.036M, previously which was -5.080B. UK RICS House Price Balance (May) today at 19:01 this time estimated 77%, previously which was 75%. AUSTRALIA HIA New Home Sales (MoM) today at 20:00 previously which was -54.4%.

TECHNICAL SUMMARY

TECHNICAL ANALYSIS REPORT TODAY – 10 JUNE 2021
Asia Pacific stocks were up Thursday morning. The Shanghai composite is up 0.45% at 3,607.52. Overall, the Singapore MSCI up 0.38% at 360.00. Over in Hong Kong, the Hang Seng Index up 0.07% to 28,732. In Japan, the Nikkei 225 up 0.42% at 28,960, while the Topix index is up 0.08% at 1956.0. South Korea’s Kospi up 0.36% to 3227.93. Australia S&P/ASX 200 up 0.50% at 7306.4.
European equities Wednesday closing. The DAX futures contract in Germany traded 0.38% down at 15581.14, CAC 40 futures up 0.19% at 6563.46 and the UK 100 futures contract in the U.K. up 0.23% at 7,097.30.
In U.S. on Wall Street, the Dow Jones Industrial Average closed flat at 34447.15 the S&P 500 down 0.18% to 4219.54 and the Nasdaq 100 up 0.05% at 13819.10, NYSE closes at 16620.00 down 0.39%.
In the Forex market, GBPUSD down 0.05% at 1.41053. The USDJPY down 0.03% at 109.558. The USDCHF up 0.05% at 0.89596. EURUSD down 0.11% at 1.21646, EUR/GBP down 0.06% at 0.86231. The USD/CNY down 0.05% at 6.3845, at the time of writing.
In the commodity market U.S. Gold futures down 0.27% at $1,883.51. Elsewhere, Silver futures down 0.41% to $27.637 per ounce, Platinum down 0.93% at $1139.97 per ounce, and Palladium up 0.16% to $2,776.90.
Crude Oil down on Thursday; Brent crude oil down 0.49% to $71.69 barrel while U.S. West Texas Intermediate (CLc1) is down 0.06% at $69.49.
In the Cryptocurrency Markets, BTCUSD at 36677.06 down 1.93%, Ethereum at 2529.79 down 3.15%, Litecoin at 168.35 down 1.87%, at the time of writing.
TOP STOCKS TO WATCH OUT TODAY:
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Top 5 Stock
PFIZER Inc. up 2.471% at $39.81, BIOGEN Inc. up 2.926% at $406.94, FEDEX Corp. down 3.13% to $293.11, NETEASE Inc. down 2.57% to $110.32, NETFLIX Inc. down 1.336% to $485.81, APPLE Inc. up 0.308% at $127.13.
Economic news:
US: The number of Americans filing new claims for unemployment benefits likely fell last week to the lowest level in nearly 15 months, while consumer prices increased further in May as the pandemic’s easing grip on the economy continues to boost demand.
The Labor Department is likely to report on Thursday that initial claims for state unemployment benefits totalled a seasonally adjusted 370,000 for the week ended June 5, compared to 385,000 in the prior week, according to a Reuters survey of economists.
That would be the lowest since mid-March 2020 when the first wave of COVID-19 infections barrelled through the country, leading to closures of nonessential businesses, and mark the sixth straight weekly decline.
Layoffs are abating, with employers scrambling for labour as millions of unemployed Americans remain at home because of trouble securing child care, generous unemployment benefits and lingering fears of the virus even though vaccines are now widely accessible.
Eurozone: The European Central Bank is all but certain to maintain a generous flow of stimulus when policymakers meet on Thursday, fearing that higher borrowing costs could smother a still nascent recovery.
Just emerging from a pandemic-induced double-dip recession, the 19-country euro zone economy has relied on unprecedented ECB stimulus to stay afloat. And even as growth surges with the easing of COVID-19 restrictions, policymakers appear keen to err on the side of caution.
Recent comments from ECB President Christine Lagarde and board member Fabio Panetta suggest the June discussion effectively ended even before Thursday’s meeting, with a cut in bond purchases unlikely, even if policymakers acknowledge an improvement in growth prospects and the rapid pace of vaccinations.
Panetta flatly rejected any reduction in emergency bond buys while Lagarde said it was “far too early” to discuss tapering the bank’s 1.85 trillion-euro Pandemic Emergency Purchases Programme (PEPP).
Important Data: US Core CPI (MoM) (May) today at 8:30 this time estimated 0.4%, previously which was 0.9%. EURO ZONE ECB Interest Rate Decision (Jun) today at 7:45 this time estimated 0.0%, previously which was 0.0%. US Initial Jobless Claims today at 8:30 this time estimated 370K, previously which was 385K. JAPAN BSI Large Manufacturing Conditions (Q2) today at 19:50 previously which was 1.6.

TECHNICAL SUMMARY

TECHNICAL ANALYSIS REPORT TODAY – 11 JUNE 2021
Asia Pacific stocks were mixed Friday morning. The Shanghai composite is down 0.50% at 3,592.73. Overall, the Singapore MSCI down 0.08% at 360.05. Over in Hong Kong, the Hang Seng Index up 0.73% to 28,820. In Japan, the Nikkei 225 down 0.35% at 28,880, while the Topix index is down 0.49% at 1948.5. South Korea’s Kospi up 0.77% to 3249.32. Australia S&P/ASX 200 up 0.13% at 7312.3.
European equities Thursday closing. The DAX futures contract in Germany traded 0.06% down at 15571.22, CAC 40 futures down 0.26% at 6546.50 and the UK 100 futures contract in the U.K. flat at 7,088.20.
In U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.02% at 34466.25 the S&P 500 up 0.47% to 4239.19 and the Nasdaq 100 down 0.04% at 13966.20, NYSE closes at 16651.42 up 0.19%.
In the Forex market, GBPUSD down 0.03% at 1.41719. The USDJPY up 0.07% at 109.395. The USDCHF down 0.03% at 0.89407. EURUSD up 0.14% at 1.21837, EUR/GBP up 0.16% at 0.85969. The USD/CNY down 0.03% at 6.3897, at the time of writing.
In the commodity market U.S. Gold futures up 0.16% at $1,901.44. Elsewhere, Silver futures up 0.93% to $28.233 per ounce, Platinum up 0.65% at $1155.94 per ounce, and Palladium up 0.27% to $2,780.00.
Crude Oil up on Friday; Brent crude oil up 0.12% to $72.47 barrel while U.S. West Texas Intermediate (CLc1) is up 0.32% at $69.71.
In the Cryptocurrency Markets, BTCUSD at 36736.68 up 0.08%, Ethereum at 2437.25 down 1.42%, Litecoin at 170.55 up 1.48%, at the time of writing.
TOP STOCKS TO WATCH OUT TODAY:
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Top 5 Stock
ADOBE Inc. up 4.049% at $535.52, CATERPILLAR Inc. down 3.801% at $225.73, ANSYS Inc. up 2.717% to $335.73, ZOOM VIDEO Comm. up 3.858% to $346.50, APPLE Inc. down 0.802% to $126.11, AMGEN Inc. up 2.138% at $244.64.
Economic news:
US: The Federal Reserve’s balance sheet topped $8 trillion for the first time, weekly data published on Thursday by the U.S. central bank on its holdings showed.
At $8 trillion, the Fed’s stash of assets has roughly doubled since it kicked off large-scale purchases in March 2020 when the COVID-19 pandemic erupted and brought the economy to a near standstill.
The report also showed the Fed appears to have sold around $160 million of its corporate debt holdings since Monday (NASDAQ:MNDY), following the announcement it would unwind its nearly $14 billion corporate credit portfolio. As a first step, the central bank began selling its stakes in 16 bond exchange-traded funds on Monday.
The Fed’s credit facility was just one of many emergency measures launched last spring to shore up financial markets badly shaken by the coronavirus pandemic’s rapid spread. While the Fed’s backstop restored liquidity to the credit market, the facility was ultimately little used and the sale of its holdings is not expected to have serious effects on the market.
Eurozone: Britain’s Prince Charles hosted a meeting of bosses from some of the world’s leading companies on Thursday, telling them business and private sector finance were essential to solving the climate crisis a day before their meeting with G7 leaders.
Charles, 72, who has spent much of his life campaigning for business and governments to take notice of environmental issues, told the business chiefs that, working together with governments, “we can move … mountains”.
“We do have, I think, a potentially game-changing opportunity to drive forward the partnerships between government, business and private sector finance that are absolutely vital if we are to win the battle to combat climate change and biodiversity loss,” Charles said.
“Unless we can actually unlock private sector resource, innovation and finance, with the public sector setting a framework of incentives and regulation, we just don’t stand a chance of solving the existential crises we have engineered over the years.”

TECHNICAL SUMMARY

TECHNICAL ANALYSIS REPORT TODAY – 14 JUNE 2021
Asia Pacific stocks were mixed Monday morning. The Shanghai composite is down 0.58% at 3,589.74. Overall, the Singapore MSCI down 0.11% at 358.95. Over in Hong Kong, the Hang Seng Index down 0.31% to 28,717. In Japan, the Nikkei 225 up 0.66% at 29,070, while the Topix index is up 0.38% at 1956.0. South Korea’s Kospi up 0.02% to 3251.16. Australia S&P/ASX 200 up 0.13% at 7312.3.
European equities Friday closing. The DAX futures contract in Germany traded 0.78% up at 15693.27, CAC 40 futures up 0.83% at 6600.67 and the UK 100 futures contract in the U.K. up 0.65% at 7,134.07.
In U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.06% at 34479.61 the S&P 500 up 0.19% to 4247.45 and the Nasdaq 100 up 0.21% at 14028.1, NYSE closes at 16694.93 up 0.26%.
In the Forex market, GBPUSD flat at 1.41120. The USDJPY up 0.10% at 109.761. The USDCHF up 0.12% at 0.89884. EURUSD down 0.08% at 1.20985, EUR/GBP down 0.06% at 0.85737. The USD/CNY flat at 6.3967, at the time of writing.
In the commodity market U.S. Gold futures down 0.73% at $1,862.94. Elsewhere, Silver futures down 0.17% to $27.830 per ounce, Platinum down 0.36% at $1146.01 per ounce, and Palladium down 0.24% to $2,769.24.
Crude Oil up on Monday; Brent crude oil up 0.66% to $73.08 barrel while U.S. West Texas Intermediate (CLc1) is up 0.43% at $70.01.
In the Cryptocurrency Markets, BTCUSD at 39137.07 up 0.35%, Ethereum at 2482.04 down 1.13%, Litecoin at 168.66 down 1.32%, at the time of writing.
TOP STOCKS TO WATCH OUT TODAY:
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Top 5 Stock
NASDAQ Inc. up 2.726% at $172.95, NVIDIA Corp. up 2.297% at $713.01, PFIZER Inc. down 1.303% to $40.15, CATERPILLAR Inc. down 2.228% to $220.70, DOCUSIGN Inc. up 4.085% to $253.01, OKTA Inc. up 1.918% at $226.38.
Economic news:
US: Western democracies are in a race to compete with autocratic governments, U.S. President Joe Biden said on Sunday.
“We’re in a contest, not with China per se, … with autocrats, autocratic governments around the world, as to whether or not democracies can compete with them in a rapidly changing 21st century,” Biden told a news conference at the conclusion of a Group of Seven leaders’ summit in Britain.
On China specifically, Biden said: “I think you’re gonna see just straightforward dealing with China.
“As I’ve told Xi Jinping myself, I’m not looking for conflict. Where we cooperate, we’ll cooperate; where we disagree I’m going to state this frankly, and we are going to respond to actions that are inconsistent.”
Eurozone: German Chancellor Angela Merkel on Sunday said she hoped that a new Group of Seven task force can present first infrastructure projects in developing countries in 2022.
The world’s seven most advanced economies signalled during the summit a desire to build a rival to China’s multitrillion-dollar Belt and Road initiative.
U.S. President Joe Biden and other G7 leaders hope their plan, known as the Build Back Better World (B3W) initiative, will help narrow the $40 trillion needed by developing nations by 2035, the White House said.
It was not immediately clear how exactly the plan would work or how much capital it would ultimately allocate.
The G7 had recognised that they had to deliver support for the development of poorer countries, Merkel said at a news conference.
“For countries in need of development, only concrete projects count,” she said. “I hope that we will be able to present such projects already during the next G7 summit, which will be in Germany.”
Germany will take over the G7 presidency from Britain next year.
Important Data: EURO ZONE Industrial Production (MoM) (Apr) today at 5:00 this time estimated 0.4%, previously which was 0.1%. SWITZERLAND PPI (MoM) (May) today at 2:30 previously which was 0.7%. UK BoE Gov Bailey Speaks today at 9:00. CANADA Manufacturing Sales (MoM) (Apr) today at 8:30 this time estimated -1.0%, previously which was 3.5%.

TECHNICAL SUMMARY

TECHNICAL ANALYSIS REPORT TODAY – 15 JUNE 2021


ASIAN MARKET:-
Mainland Chinese stocks were down by the early morning. The Shanghai Composite was down by 0.92% to 3,556.86. Hong Kong’s Hang Seng Index was down about 0.71% to 28,638.75.
Japan’s benchmark Nikkei average. Nikkei 225 is trading up 0.96 per cent at 29,441.63 on Friday while the Australian Index S&P / ASX 200 rose 0.92 percent to 7,379.71. South Korea’s Kospi was down by 0.20% to 3,258.98.
EUROPEAN MARKET:-
The FTSE MIB climbed down by 0.18% to 25,710.46. In the cash markets, the DAX futures Germany was trading 0.70% higher at 15,779.25. CAC 40 futures in France climbed up by 0.51% to 6,650.57, while the FTSE 100 futures in the U.K was up by 0.36% to 7,173.63 at the time of writing.
US MARKET:-
In the U.S. on Wall Street, the Dow Jones Industrial Average closed 0.25% down at 34,393.38 the S&P 500 was up 0.18% to 4,255.56 and the Nasdaq 100 was up 0.74% at 14,174.03.
FOREX MARKET:-
In the Forex market, GBPUSD was 0.25% down at 1.4078. The USDJPY was up 0.05% at 110.16. The USDCHF was down 0.16% at 0.8984. EURUSD was up 0.06% at 1.2125, EUR/GBP was up 0.32% at 0.8614, at the time of writing.
COMMODITY MARKET;-
In the commodity market, U.S. Gold futures rose 0.05% at $1,866.85. Elsewhere, Silver futures fell 0.92% to $27.782 per ounce, Platinum fell 0.69% at $1,156.05 per ounce, and Palladium was down 0.14% at $2,760.50.
Brent crude oil was up 0.40% to $73.17 a barrel while U.S. West Texas Intermediate (CLc1) rose 0.39% at $71.12.
CRYPTO-CURRENCY MARKET:-
In the Cryptocurrency Markets, BTCUSD rose 2.63% at $40,124.9 , Ethereum at 2,591.28 up by 4.84%, Litecoin at 177.582 up 6.57%, at the time of writing.
TOP STOCKS TO WATCH OUT TODAY:
https://www.capitalstreetfx.com/en/w.../image-109.pngAstraZeneca down 0.02% at 58.76. Apple Inc. up 2.46% at $130.48 , Amazon.com up 1.11% at $ 3,383.49, TESLA Inc up 1.28% at $ 617.78, Unilever up 1.06% at 4,340.830, Microsoft up 0.78% at $259.18 , Barclays down 0.89% at 177.80.
Economic news:
USA MARKET
https://www.capitalstreetfx.com/en/w.../image-110.pngU.S. Senate Republicans are due to hear details on Tuesday about a bipartisan proposal to revitalize America’s roads and bridges, which lawmakers believe could win support from the caucus as a part of President Joe Biden’s sweeping infrastructure plan.
Members of a bipartisan Senate group will discuss the proposal with Republican senators at their weekly policy lunch, Republican lawmakers and aides said on Monday evening.
“We’ll be discussing it,” Senator Bill Cassidy, a member of the group, told reporters. “It won’t be a formal sort of ‘OK – now we need your vote.’ It’ll be more kind of ‘OK – here’s more information for you.'”
The bloc of Senate moderates, five Republicans and five Democrats, said last Thursday that it had reached an agreement after negotiations between Republican Senator Shelley Moore Capito and Biden broke down.
It proposes to spend $974 billion over five years, or $1.2 trillion over eight years, a source familiar with the package said. That is below Biden’s current $1.7 trillion proposal and it is unclear whether it can gather enough support to pass the 50-50 Senate.
Senator John Thune, the chamber’s No. 2 Republican, told reporters that he expects Republican support for the proposal.
“I don’t know how many Democrats they can get for something like what they’re talking about. But I think there would be substantial Republican support,” he said. “It’s good work.”
Senator Dick Durbin, the chamber’s No. 2 Democrat, said he had urged senators to “get this moving.” He said any bipartisan deal, as well a separate measure Democrats are eyeing to try to pass their remaining infrastructure priorities without Republican support, would need to get in shape by the end of June because of a tight floor schedule.
Biden has set his sights on infrastructure legislation that would both revamp the nation’s roads and bridges as well as boost spending on services including healthcare and childcare – although Republicans reject the idea that those latter priorities even qualify for the label “infrastructure.”
EUROZONE:-
https://www.capitalstreetfx.com/en/w.../image-111.pngThe European Union on Monday began selling the first bond backing its recovery fund, according to a lead manager, a crucial step in financing members states’ economic recovery from the coronavirus pandemic.
The sale of the 10-year bond is the start of up to 800 billion euros of debt issuance between now and 2026 that will back grants and loans to member states – an unprecedented act of fiscal solidarity on the EU’s part that may transform it into a leading European borrower.
The sale should be completed on Tuesday, EU Budget and Administration Commissioner Johannes Hahn said.
It will build on 90 billion euros of EU issuance backing the SURE unemployment scheme, another support programme, since last October, which had already given the EU a significant presence in the 27-member bloc’s debt markets.
The recovery fund debt, given its much larger scale than SURE, is expected to boost the liquidity of the EU’s debt and see continued interest from investors keen to buy scarce Triple A rated debt, which also offers a yield pick-up over the bloc’s benchmark issuer Germany.
Initial price thoughts on the deal are around 1 basis point above the mid-swap level as the EU collects indications of interest from investors, according to a lead manager memo seen by Reuters. That is equivalent to a yield of about 0.10% according to Reuters calculations.
The bond will raise 10 billion euros, France’s junior minister for European affairs said on May 31.
The EU has said it expects to issue 80 billion euros of long-term debt this year.
After the inaugural deal, the EU will sell two more bonds via syndication – where a borrower hires banks to sell the debt directly to end investors – by the end of July.

TECHNICAL SUMMARY

GBP/USD:-
https://lh5.googleusercontent.com/2k...TpYeunLuTqAo6khttps://www.capitalstreetfx.com/en/w.../image-112.png

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

USD/JPY:-
https://lh3.googleusercontent.com/w0...oYnnb4jdkq-mSwhttps://www.capitalstreetfx.com/en/w.../image-113.png

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

DOW JONES:-
https://lh3.googleusercontent.com/3P...HOwqhXPBA6x6E4https://www.capitalstreetfx.com/en/w.../image-114.png

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

CRUDE OIL {WTI}:-
https://lh4.googleusercontent.com/n-...Er1-igGgP4LHZMhttps://www.capitalstreetfx.com/en/w.../image-115.png

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

ETHEREUM:-
https://lh5.googleusercontent.com/dI...V4U2qBd9XFmQeshttps://www.capitalstreetfx.com/en/w.../image-116.png

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

TECHNICAL ANALYSIS REPORT TODAY – 15 JUNE 2021


ASIAN MARKET:-
Mainland Chinese stocks were down by the early morning. The Shanghai Composite was down by 0.92% to 3,556.86. Hong Kong’s Hang Seng Index was down about 0.71% to 28,638.75.
Japan’s benchmark Nikkei average. Nikkei 225 is trading up 0.96 per cent at 29,441.63 on Friday while the Australian Index S&P / ASX 200 rose 0.92 percent to 7,379.71. South Korea’s Kospi was down by 0.20% to 3,258.98.
EUROPEAN MARKET:-
The FTSE MIB climbed down by 0.18% to 25,710.46. In the cash markets, the DAX futures Germany was trading 0.70% higher at 15,779.25. CAC 40 futures in France climbed up by 0.51% to 6,650.57, while the FTSE 100 futures in the U.K was up by 0.36% to 7,173.63 at the time of writing.
US MARKET:-
In the U.S. on Wall Street, the Dow Jones Industrial Average closed 0.25% down at 34,393.38 the S&P 500 was up 0.18% to 4,255.56 and the Nasdaq 100 was up 0.74% at 14,174.03.
FOREX MARKET:-
In the Forex market, GBPUSD was 0.25% down at 1.4078. The USDJPY was up 0.05% at 110.16. The USDCHF was down 0.16% at 0.8984. EURUSD was up 0.06% at 1.2125, EUR/GBP was up 0.32% at 0.8614, at the time of writing.
COMMODITY MARKET;-
In the commodity market, U.S. Gold futures rose 0.05% at $1,866.85. Elsewhere, Silver futures fell 0.92% to $27.782 per ounce, Platinum fell 0.69% at $1,156.05 per ounce, and Palladium was down 0.14% at $2,760.50.
Brent crude oil was up 0.40% to $73.17 a barrel while U.S. West Texas Intermediate (CLc1) rose 0.39% at $71.12.
CRYPTO-CURRENCY MARKET:-
In the Cryptocurrency Markets, BTCUSD rose 2.63% at $40,124.9 , Ethereum at 2,591.28 up by 4.84%, Litecoin at 177.582 up 6.57%, at the time of writing.
TOP STOCKS TO WATCH OUT TODAY:
https://www.capitalstreetfx.com/en/w.../image-109.pngAstraZeneca down 0.02% at 58.76. Apple Inc. up 2.46% at $130.48 , Amazon.com up 1.11% at $ 3,383.49, TESLA Inc up 1.28% at $ 617.78, Unilever up 1.06% at 4,340.830, Microsoft up 0.78% at $259.18 , Barclays down 0.89% at 177.80.
Economic news:
USA MARKET
https://www.capitalstreetfx.com/en/w.../image-110.pngU.S. Senate Republicans are due to hear details on Tuesday about a bipartisan proposal to revitalize America’s roads and bridges, which lawmakers believe could win support from the caucus as a part of President Joe Biden’s sweeping infrastructure plan.
Members of a bipartisan Senate group will discuss the proposal with Republican senators at their weekly policy lunch, Republican lawmakers and aides said on Monday evening.
“We’ll be discussing it,” Senator Bill Cassidy, a member of the group, told reporters. “It won’t be a formal sort of ‘OK – now we need your vote.’ It’ll be more kind of ‘OK – here’s more information for you.'”
The bloc of Senate moderates, five Republicans and five Democrats, said last Thursday that it had reached an agreement after negotiations between Republican Senator Shelley Moore Capito and Biden broke down.
It proposes to spend $974 billion over five years, or $1.2 trillion over eight years, a source familiar with the package said. That is below Biden’s current $1.7 trillion proposal and it is unclear whether it can gather enough support to pass the 50-50 Senate.
Senator John Thune, the chamber’s No. 2 Republican, told reporters that he expects Republican support for the proposal.
“I don’t know how many Democrats they can get for something like what they’re talking about. But I think there would be substantial Republican support,” he said. “It’s good work.”
Senator Dick Durbin, the chamber’s No. 2 Democrat, said he had urged senators to “get this moving.” He said any bipartisan deal, as well a separate measure Democrats are eyeing to try to pass their remaining infrastructure priorities without Republican support, would need to get in shape by the end of June because of a tight floor schedule.
Biden has set his sights on infrastructure legislation that would both revamp the nation’s roads and bridges as well as boost spending on services including healthcare and childcare – although Republicans reject the idea that those latter priorities even qualify for the label “infrastructure.”
EUROZONE:-
https://www.capitalstreetfx.com/en/w.../image-111.pngThe European Union on Monday began selling the first bond backing its recovery fund, according to a lead manager, a crucial step in financing members states’ economic recovery from the coronavirus pandemic.
The sale of the 10-year bond is the start of up to 800 billion euros of debt issuance between now and 2026 that will back grants and loans to member states – an unprecedented act of fiscal solidarity on the EU’s part that may transform it into a leading European borrower.
The sale should be completed on Tuesday, EU Budget and Administration Commissioner Johannes Hahn said.
It will build on 90 billion euros of EU issuance backing the SURE unemployment scheme, another support programme, since last October, which had already given the EU a significant presence in the 27-member bloc’s debt markets.
The recovery fund debt, given its much larger scale than SURE, is expected to boost the liquidity of the EU’s debt and see continued interest from investors keen to buy scarce Triple A rated debt, which also offers a yield pick-up over the bloc’s benchmark issuer Germany.
Initial price thoughts on the deal are around 1 basis point above the mid-swap level as the EU collects indications of interest from investors, according to a lead manager memo seen by Reuters. That is equivalent to a yield of about 0.10% according to Reuters calculations.
The bond will raise 10 billion euros, France’s junior minister for European affairs said on May 31.
The EU has said it expects to issue 80 billion euros of long-term debt this year.
After the inaugural deal, the EU will sell two more bonds via syndication – where a borrower hires banks to sell the debt directly to end investors – by the end of July.

TECHNICAL SUMMARY

GBP/USD:-
https://lh5.googleusercontent.com/2k...TpYeunLuTqAo6khttps://www.capitalstreetfx.com/en/w.../image-112.png

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

USD/JPY:-
https://lh3.googleusercontent.com/w0...oYnnb4jdkq-mSwhttps://www.capitalstreetfx.com/en/w.../image-113.png

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

DOW JONES:-
https://lh3.googleusercontent.com/3P...HOwqhXPBA6x6E4https://www.capitalstreetfx.com/en/w.../image-114.png

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

CRUDE OIL {WTI}:-
https://lh4.googleusercontent.com/n-...Er1-igGgP4LHZMhttps://www.capitalstreetfx.com/en/w.../image-115.png

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

ETHEREUM:-
https://lh5.googleusercontent.com/dI...V4U2qBd9XFmQeshttps://www.capitalstreetfx.com/en/w.../image-116.png

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

TECHNICAL ANALYSIS REPORT TODAY – 16 JUNE 2021


Asian shares retreated slightly on Wednesday. The Shanghai composite is down 0.92% at 3,523.70. Overall, the Singapore MSCI down 1.03% at 358.80. Over in Hong Kong, the Hang Seng Index down 0.22% to 28,450. In Japan, the Nikkei 225 down 0.54% at 29,250, while the Topix index is up 0.08% at 1972.5. South Korea’s Kospi up 0.62% to 3278.98. Australia S&P/ASX 200 up 0.12% at 7388.3.
European equities Tuesday closing. The DAX futures contract in Germany traded 0.36% up at 15729.52, CAC 40 futures up 0.35% at 6639.53 and the UK 100 futures contract in the U.K. up 0.36% at 7,172.49.
In U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.27% at 34299.34 the S&P 500 down 0.20% to 4246.58 and the Nasdaq 100 up 0.01% at 14054.6, NYSE closes at 16655.81 down 0.04%.
In the Forex market, GBPUSD up 0.06% at 1.40896. The USDJPY up 0.10% at 110.118. The USDCHF up 0.15% at 0.89888. EURUSD down 0.01% at 1.21251, EUR/GBP down 0.04% at 0.86043. The USD/CNY down 0.08% at 6.4004, at the time of writing.
In the commodity market U.S. Gold futures up 0.09% at $1,861.02. Elsewhere, Silver futures up 0.38% to $27.742 per ounce, Platinum down 0.32% at $1148.30 per ounce, and Palladium down 0.14% to $2,760.50.
Crude Oil up on Wednesday; Brent crude oil up 0.42% to $74.53 barrel while U.S. West Texas Intermediate (CLc1) is up 0.70% at $70.48.
In the Cryptocurrency Markets, BTCUSD at 40426.49 up 0.62%, Ethereum at 2532.48 down 0.48%, Litecoin at 174.95 down 0.19%, at the time of writing.
TOP STOCKS TO WATCH OUT TODAY:
GARTNER Inc. up 2.256% at $234.80, NOV Inc. up 4.164% at $17.51, EXXON MOBIL Corp. up 3.641% to $64.33, TESLA Inc. down 2.968% to $599.36, ETSY Inc. down 2.49% to $166.06, BIOGEN Inc. down 2.477% at $396.08.
Economic news:
US: Jared Kushner, son-in-law of former U.S. President Donald Trump and a senior adviser in his administration, has reached a deal to write a book billed by his publisher as the “definitive” recounting of Trump’s presidency.
The book will be released early next year, according to publisher Broadside Books, an imprint of HarperCollins Publishers specializing in conservative authors.
Broadside did not make financial terms of the agreement public.
“Jared Kushner was the most consequential adviser throughout President Trump’s presidency, and as a senior adviser, he played a central role in the administration’s most significant accomplishments – including the Abraham Accords, Criminal Justice Reform, Operation Warp Speed, and USMCA,” Broadside said in announcing the deal.
“His book will be the definitive, thorough recounting of the administration and the truth about what happened behind closed doors,” the publisher said.
Eurozone: British consumer price inflation jumped to 2.1% in May, above the Bank of England’s 2.0% target and its highest since July 2019, official figures showed on Wednesday.
The acceleration of price growth from April’s 1.5% was driven in large part by the comparison effect with May 2020 when the country was in its first tight lockdown, especially for clothing, motor fuel, games and take-away food.
A Reuters poll of economists had pointed to a rise in inflation to 1.8%.
Core inflation, which excludes the price of food, energy and other volatile items, rose to 2.0% in the 12 months to May, the Office for National Statistics said.
Investors around the world are trying to gauge the risks of a sustained jump in inflation, especially in the United States where annual inflation hit 5.0% in May, the highest in almost 13 years.
The BoE has said it expects inflation to hit 2.5% by the end of this year as the economy reopens after its coronavirus lockdowns and as global oil prices rise.
Important Data: US Building Permits (May) today at 8:30 this time estimated 1.73M, previously which was 1.733M. CANADA Core CPI (MoM) (May) today at 8:30 this time estimated 0.4%, previously which was 0.5%.NZD GDP (QoQ) (Q1) today at 18:45 this time estimated 0.5%, previously which was -1.0%. AUSTRALIA Employment Change (May) today at 21:30 this time estimated 30.0K, previously which was -30.6K.

TECHNICAL SUMMARY

GBPUSD
https://lh3.googleusercontent.com/9u...9t0U6JaxuZ4Syshttps://www.capitalstreetfx.com/en/w.../image-118.png

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

EURUSD
https://lh5.googleusercontent.com/GB...Sora1Qg2RCfsdEhttps://www.capitalstreetfx.com/en/w.../image-119.png

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

USDJPY
https://lh4.googleusercontent.com/vp...4-s6EnJJipoutMhttps://www.capitalstreetfx.com/en/w.../image-120.png

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

USDCHF
https://lh6.googleusercontent.com/xZ...8DmH6rN9Cj3zb8https://www.capitalstreetfx.com/en/w.../image-121.png

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

NASDAQ 100
https://lh6.googleusercontent.com/ez...mZCj1iAcrQB2SEhttps://www.capitalstreetfx.com/en/w.../image-122.png

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

WTI CRUDE OIL
https://lh3.googleusercontent.com/ZT...0FDxt4W46KC6zkhttps://www.capitalstreetfx.com/en/w.../image-123.png

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

GOLD
https://lh4.googleusercontent.com/1U...WciKVab_jrV4j8https://www.capitalstreetfx.com/en/w.../image-124.png

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

BTCUSD
https://lh5.googleusercontent.com/mL...Jn4iJird2AWaDEhttps://www.capitalstreetfx.com/en/w.../image-125.png

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

TECHNICAL ANALYSIS REPORT TODAY – 17 JUNE 2021
Asia Pacific stocks were mostly down Thursday morning. The Shanghai composite is up 0.06% at 3,520.06. Overall, the Singapore MSCI up 0.10% at 357.55. Over in Hong Kong, the Hang Seng Index up 0.06% to 28,387. In Japan, the Nikkei 225 down 1.06% at 28,940, while the Topix index is down 0.58% at 1959.5. South Korea’s Kospi down 0.38% to 3265.84. Australia S&P/ASX 200 down 0.36% at 7359.8.
European equities Wednesday closing. The DAX futures contract in Germany traded 0.12% down at 15710.57, CAC 40 futures up 0.20% at 6652.66 and the UK 100 futures contract in the U.K. up 0.17% at 7,184.96.
In U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.77% at 34033.68 the S&P 500 down 0.54% to 4223.71 and the Nasdaq 100 down 0.10% at 13933.1, NYSE closes at 16542.75 down 0.68%.
In the Forex market, GBPUSD up 0.07% at 1.39969. The USDJPY down 0.04% at 110.663. The USDCHF down 0.02% at 0.90842. EURUSD up 0.03% at 1.19977, EUR/GBP down 0.02% at 0.85715. The USD/CNY up 0.42% at 6.4201, at the time of writing.
In the commodity market U.S. Gold futures up 0.43% at $1,819.17. Elsewhere, Silver futures up 0.56% to $27.067 per ounce, Platinum up 0.42% at $1123.09 per ounce, and Palladium down 0.93% to $2,772.00.
Crude Oil up on Thursday; Brent crude oil up 0.51% to $74.22 barrel while U.S. West Texas Intermediate (CLc1) is up 0.01% at $70.48.
In the Cryptocurrency Markets, BTCUSD at 38868.40 up 1.34%, Ethereum at 2427.22 up 2.56%, Litecoin at 171.31 up 2.88%, at the time of writing.
TOP STOCKS TO WATCH OUT TODAY:
CARNIVAL Corp. up 2.342% at $29.28, WHIRLPOOL Corp. down 2.772% at $214.98, NETEASE Inc. down 2.016% to $108.89, MODERNA Inc. down 1.86% to $197.84, CENTENE Corp. up 3.743% to $72.62, ENPHASE ENERGY Inc. up 4.899% at $152.02.
Economic news:
US: Federal Reserve officials have said for months that price increases are temporary. On Wednesday, they weren’t so sure.
“Is there a risk that inflation will be higher than we think? Yes,” Chair Jerome Powell told a press conference. He spoke after financial markets were taken by surprise when policy makers signalled, they expect to make not one, but two, hikes to interest rates in 2023 from near zero now.
The Fed has been in a tug-and-pull with investors and critics over whether recent spikes in prices as the economy reopens from the pandemic will be transitory, as officials have argued, or prove more lasting.
“There is a lot of uncertainty,” Powell said. Indeed, Fed policy makers moved up their forecasts for inflation over the next three years after a two-day meeting of the Federal Open Market Committee.
The Fed’s inflation projections — which are above their 2% target through 2023 — show that a majority of officials don’t want to run a lengthy test with rising prices, even though a new policy strategy they adopted in August calls for more tolerance.
Eurozone: The European Union on Wednesday called on Britain and the United States to limit litigation by agreeing how to price legacy contracts after the tarnished Libor interest rate is scrapped.
After banks were fined billions of dollars for trying to rig the London Interbank Offered Rate or Libor, regulators want it replaced in contracts from home loans to credit cards worth trillions of dollars globally in one of the biggest market switches in decades.
Libor, compiled in several currencies like the dollar, sterling and yen is being largely scrapped in contracts from the end of December and replaced by rates compiled by central banks.
Britain and the United States are working on what alternative rates would be used in legacy contracts that cannot shift to the central bank benchmarks.
Britain is considering “synthetic” Libor rates, while New York State has approved a law that would impose an alternative rate that has yet to be determined.
Tilman Lueder, head of securities markets at the European Union’s executive European Commission, said that litigation over ending Libor in contracts was inevitable given the replacement rates won’t have the same economic performance as Libor.
Important Data: US Initial Jobless Claims today at 8:30 this time estimated 359K, previously which was 376K. CANADA Foreign Securities Purchases (Apr) today at 8:30 previously which was 3.25B. JAPAN National Core CPI (YoY) (May) today at 19:30 this time estimated 0.1%, previously which was -0.1%. EURO ZONE ECB’s Elderson Speaks today at 10:00.

TECHNICAL SUMMARY

GBPUSD
https://lh3.googleusercontent.com/49...nHoPrQBbBdT66s
https://www.capitalstreetfx.com/en/w.../image-130.png

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

EURUSD
https://lh5.googleusercontent.com/1m...5kLbHnOKFE3K0s
https://www.capitalstreetfx.com/en/w.../image-131.png

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

EURGBP
https://lh3.googleusercontent.com/Ou...FWre2Kps6z2CPw
https://www.capitalstreetfx.com/en/w.../image-132.png

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

GBPJPY
https://lh5.googleusercontent.com/9L...2iR7JbGRSKU3KA
https://www.capitalstreetfx.com/en/w.../image-133.png

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

CAC 40
https://lh6.googleusercontent.com/vE...IwGDuoM6tZQSjw
https://www.capitalstreetfx.com/en/w.../image-134.png

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

WTI CRUDE OIL
https://lh4.googleusercontent.com/8o...zDYs88zAWkSd04
https://www.capitalstreetfx.com/en/w.../image-135.png

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

GOLD
https://lh6.googleusercontent.com/F4...CZ9tEoje1XaVAM
https://www.capitalstreetfx.com/en/w.../image-136.png

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

ETHEREUM
https://lh4.googleusercontent.com/RB...EyBqWzEl93A3cw
https://www.capitalstreetfx.com/en/w.../image-137.png

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

TECHNICAL ANALYSIS REPORT TODAY – 18 JUNE 2021
Asian shares inched higher on Friday. The Shanghai composite is down 0.49% at 3,508.29. Overall, the Singapore MSCI down 0.03% at 356.05. Over in Hong Kong, the Hang Seng Index up 0.79% to 28,656. In Japan, the Nikkei 225 down 0.17% at 28,950, while the Topix index is down 0.92% at 1944.5. South Korea’s Kospi up 0.12% to 3269.08. Australia S&P/ASX 200 up 0.15% at 7369.8.
European equities Thursday closing. The DAX futures contract in Germany traded 0.11% up at 15727.67, CAC 40 futures up 0.20% at 6666.27 and the UK 100 futures contract in the U.K. down 0.44% at 7,153.44.
In U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.62% at 33823.46 the S&P 500 down 0.04% to 4221.85 and the Nasdaq 100 up 0.06% at 14204.2, NYSE closes at 16411.64 down 0.79%.
In the Forex market, GBPUSD down 0.05% at 1.39176. The USDJPY up 0.06% at 110.230. The USDCHF down 0.02% at 0.91744. EURUSD up 0.08% at 1.19143, EUR/GBP up 0.19% at 0.85605. The USD/CNY down 0.03% at 6.4458, at the time of writing.
In the commodity market U.S. Gold futures up 0.68% at $1,784.61. Elsewhere, Silver futures up 1.21% to $26.180 per ounce, Platinum up 2.05% at $1075.05 per ounce, and Palladium up 2.63% to $2,548.13.
Crude Oil down on Friday; Brent crude oil down 0.68% to $72.50 barrel while U.S. West Texas Intermediate (CLc1) is down 0.51% at $70.12.
In the Cryptocurrency Markets, BTCUSD at 38024.96 down 0.19%, Ethereum at 2352.02 down 0.81%, Litecoin at 166.26 down 0.46%, at the time of writing.
TOP STOCKS TO WATCH OUT TODAY:
NVIDIA Corp. up 4.756% at $746.29, MOSIAC Co. down 7.044% at $30.35, OKTA Inc. up 4.005% to $232.16, DOCUSIGN Inc. up 2.979% to $260.61, APPLE Inc. up 1.26% to $131.79, CATERPILLAR Inc. down 3.55% at $209.45.
Economic news:
US: Black workers in the United States continue to earn less than their white counterparts even as American companies are raising diversity and inclusion as a cornerstone of their brands and business strategies, according to a report published on Thursday.
The Conference Board report attributed the wage gaps to a range of factors, including geographical segregation and labour market segmentation, as well as different access to educational opportunities, social and professional networks.
“As Americans mark Juneteenth, business leaders and policymakers alike must recognize the recent trends in racial disparities in the 21st century economy,” said Gad Levanon, labour markets vice president at The Conference Board in Washington. “Reversing these trends will require addressing deeply rooted labour market segmentation and geographical segregation in restricting access to high-growth fields.”
Juneteenth is a holiday celebrated on June 19 commemorating the end of the legal enslavement of Black Americans. On Thursday, it became the 11th federally recognized holiday.
Eurozone: British inflation can rise above 3% before the Bank of England feels discomfort, according to a Reuters poll of economists who also said the economy would expand faster than previously thought this quarter as more pandemic restrictions are lifted.
The central bank has a 2% inflation target, but the rate unexpectedly jumped above that in May for the first time in almost two years and hit 2.1%, part of a post-lockdown climbs in prices that is expected to gather pace.
Inflation will peak at 2.4% in the final quarter of this year before gradually scaling down, the June 14-17 poll found. The Bank will tolerate it at 3.0-3.5% before feeling discomfort, medians showed.
“We think high inflation will be temporary as this year’s price rises give way to a sharper fall in inflation next year due to base effects,” said George Buckley at Nomura.
“At the same time, we expect the BoE to be keen to protect what could prove to be a fragile recovery, with output well below its pre-pandemic path.”
Important Data: CANADA New Housing Price Index (MoM) (May) today at 8:30 previously which was 1.9%. UK Retail Sales (YoY) (May) today at 2:00 this time estimated 29.0%, previously which was 42.4%. Germany PPI (MoM) (May) today at 2:00 this time estimated 0.7%, previously which was 0.8%. JAPAN BoJ Press Conference today at 2:30.

TECHNICAL SUMMARY

GBPUSD
https://lh3.googleusercontent.com/SE...oU4JKdEsTMhXQs
https://www.capitalstreetfx.com/en/w.../2021/06/1.png

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

EURUSD
https://lh4.googleusercontent.com/45...uCEh3w0wB5J2hY
https://www.capitalstreetfx.com/en/w...021/06/2-1.png

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

CHFJPY
https://lh4.googleusercontent.com/nw...EhtQOZqXvEgDUY
https://www.capitalstreetfx.com/en/w...021/06/3-1.png

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

NZDUSD
https://lh5.googleusercontent.com/lI...FDyPgTYtrm7KpA
https://www.capitalstreetfx.com/en/w.../2021/06/4.png

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

DAX 30
https://lh5.googleusercontent.com/DD...qywYtUE9mEJtdo
https://www.capitalstreetfx.com/en/w.../2021/06/5.png

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

WTI CRUDE OIL
https://lh4.googleusercontent.com/3F...HCCCtD7EOYAptM
https://www.capitalstreetfx.com/en/w.../2021/06/6.png

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

GOLD
https://lh5.googleusercontent.com/9T...BP7SY8sgHhGcQU
https://www.capitalstreetfx.com/en/w.../2021/06/7.png

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

RIPPLE
https://lh3.googleusercontent.com/_I...cXKHCst2TO3UKc
https://www.capitalstreetfx.com/en/w.../2021/06/8.png

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

TECHNICAL ANALYSIS REPORT TODAY – 21 JUNE 2021
Asia Pacific stocks were mostly down Monday morning. The Shanghai composite is down 0.14% at 3,520.00. Overall, the Singapore MSCI down 1.43% at 351.25. Over in Hong Kong, the Hang Seng Index down 1.39% to 28,362. In Japan, the Nikkei 225 down 3.63% at 27,880, while the Topix index is down 2.45% at 1893.5. South Korea’s Kospi down 1.00% to 3235.41. Australia S&P/ASX 200 down 1.65% at 7247.6.
European equities Friday closing. The DAX futures contract in Germany traded 1.78% down at 15448.04, CAC 40 futures down 1.46% at 6569.17 and the UK 100 futures contract in the U.K. down 0.82% at 6,957.5.
In U.S. on Wall Street, the Dow Jones Industrial Average closed down 1.58% at 33290.09 the S&P 500 down 1.31% to 4166.46 and the Nasdaq 100 down 0.15% at 14014.0, NYSE closes at 16143.95 down 1.63%.
In the Forex market, GBPUSD up 0.01% at 1.38. The USDJPY down 0.35% at 109.825. The USDCHF up 0.01% at 0.92121. EURUSD flat at 1.18604, EUR/GBP up 0.16% at 0.85938. The USD/CNY up 0.25% at 6.4688, at the time of writing.
In the commodity market U.S. Gold futures up 0.43% at $1,770.94. Elsewhere, Silver futures down 0.03% to $25.771 per ounce, Platinum down 0.40% at $1029.49 per ounce, and Palladium up 0.79% to $2,485.34.
Crude Oil up on Monday; Brent crude oil up 0.49% to $73.60 barrel while U.S. West Texas Intermediate (CLc1) is up 0.21% at $70.27.
In the Cryptocurrency Markets, BTCUSD at 34074.22 down 4.18%, Ethereum at 2106.98 down 6.05%, Litecoin at 147.76 down 4.48%, at the time of writing.
TOP STOCKS TO WATCH OUT TODAY:
LENNAR Corp. up 3.719% at $98.17, ADOBE Inc. up 2.581% at $565.59, POOL Corp. up 1.258% to $442.02, EBAY Inc. down 3.169% to $63.26, MICRON Tech. down 4.576% to $76.95, NVR Inc. up 1.865% at $4785.14.
Economic news:
US: A bipartisan infrastructure plan costing a little over $1 trillion, only about a fourth of what President Joe Biden initially proposed, has been gaining support in the U.S. Senate, but disputes continued on Sunday over how it should be funded.
Biden told reporters last week that he will have a response to the plan as soon as Monday after reviewing it. Twenty-one of the 100 U.S. senators – including 11 Republicans, nine Democrats and one independent who caucuses with Democrats – are working on the framework to rebuild roads, bridges and other traditional infrastructure that sources said would cost $1.2 trillion over eight years.
“President Biden, if you want an infrastructure deal of a trillion dollars, it’s there for the taking. You just need to get involved and lead,” one of the 21 senators, Republican Senator Lindsey Graham (NYSE:GHM), said on Fox News Sunday.
Biden, seeking to fuel growth after the pandemic and address income inequality, had initially proposed about $4 trillion be spent on a broader definition of infrastructure, including fighting climate change and providing care for children and the elderly.
But the White House trimmed the offer to about $1.7 trillion in talks with senators in a bid to win Republican support which will be needed for any plan to get the 60 votes normally required to advance legislation in the Senate.
Eurozone: European Central Bank policymakers meeting this weekend made “good progress” in reshaping the ECB’s strategic goals, including the role it plays in fighting climate change and a revised approach to inflation, President Christine Lagarde said on Sunday.
The 25 members of the ECB’s Governing Council gathered in a hotel near Frankfurt to add impetus to the bank’s first review of its approach to monetary policy in nearly two decades, which it aims to conclude in the second half of the year.
Lagarde gave no detail of the outcome of the talks, saying only that they covered the ECB’s inflation goal and time horizon, links between climate change and monetary policy and the modernisation of central bank communications.
“I am glad we were able to have in-depth discussions and we made good progress in shaping the concrete features of our future monetary policy strategy,” Lagarde said in a statement after the three-day gathering.
Started in early 2020 and then delayed due to the coronavirus pandemic, the overhaul has fuelled a public debate among policymakers.
Important Data: RUSSIA Retail Sales (YoY) (May) today at 12:00 this time estimated 23.0%, previously which was 34.7%. RUSSIA Unemployment Rate (Jun) today at 12:00 this time estimated 5.2%, previously which was 5.2%. US 6-Month Bill Auction today at 11:30 previously which was 0.04%. EURO ZONE ECB McCaul Speaks today at 8:00.

TECHNICAL SUMMARY

GBPUSD
https://lh5.googleusercontent.com/jj...qhxEMH2mwZoYFY
https://www.capitalstreetfx.com/en/w...2021/06/A1.png

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

EURUSD
https://lh6.googleusercontent.com/SN...7YL8FS6c8EBtjI
https://www.capitalstreetfx.com/en/w...2021/06/A2.png

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

USDJPY
https://lh4.googleusercontent.com/Zw...Y87U3HMgrYgXMU
https://www.capitalstreetfx.com/en/w...2021/06/A3.png

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

USDCHF
https://lh5.googleusercontent.com/Iz...FbJkoGX5-hEYms
https://www.capitalstreetfx.com/en/w...2021/06/A4.png

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

HANG SENG
https://lh5.googleusercontent.com/F5...9Cch452ZJfn_08
https://www.capitalstreetfx.com/en/w...21/06/A5-1.png

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

WTI CRUDE OIL
https://lh4.googleusercontent.com/Vm...XjYZO1gQqzXOoo
https://www.capitalstreetfx.com/en/w...21/06/A6-1.png

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

GOLD
https://lh6.googleusercontent.com/NM...UKk871dVi1fRcs
https://www.capitalstreetfx.com/en/w...2021/06/A7.png

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

LITECOIN USD
https://lh6.googleusercontent.com/eT...FHxVpTsqxSVYPw
https://www.capitalstreetfx.com/en/w...2021/06/A8.png

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

TECHNICAL ANALYSIS REPORT TODAY – 22 JUNE 2021
Asia Pacific stocks were mostly up Tuesday morning. The Shanghai composite is up 0.44% at 3,545.69. Overall, the Singapore MSCI down 0.21% at 353.55. Over in Hong Kong, the Hang Seng Index down 0.42% to 28,303. In Japan, the Nikkei 225 up 2.86% at 28,820, while the Topix index is down 2.95% at 1956.0. South Korea’s Kospi up 0.78% to 3264.45. Australia S&P/ASX 200 up 1.60% at 7350.8.
European equities Monday closing. The DAX futures contract in Germany traded 1.00% up at 15603.24, CAC 40 futures up 0.51% at 6602.55 and the UK 100 futures contract in the U.K. flat at 7,088.0.
In U.S. on Wall Street, the Dow Jones Industrial Average closed up 1.76% at 33876.98 the S&P 500 up 1.40% to 4224.80 and the Nasdaq 100 down 0.06% at 14145.0, NYSE closes at 16411.97 up 1.66%.
In the Forex market, GBPUSD down 0.24% at 1.38. The USDJPY up 0.16% at 110.469. The USDCHF up 0.32% at 0.92060. EURUSD down 0.19% at 1.18944, EUR/GBP up 0.10% at 0.85573. The USD/CNY up 0.02% at 6.4679, at the time of writing.
In the commodity market U.S. Gold futures up 0.02% at $1,783.00. Elsewhere, Silver futures down 0.15% to $25.873 per ounce, Platinum up 1.43% at $1063.03 per ounce, and Palladium up 0.04% to $2,580.00.
Crude Oil up on Tuesday; Brent crude oil up 0.43% to $75.14 barrel while U.S. West Texas Intermediate (CLc1) is up 0.63% at $70.71.
In the Cryptocurrency Markets, BTCUSD at 32675.87 up 3.31%, Ethereum at 1944.00 up 2.94%, Litecoin at 129.15 up 3.58%, at the time of writing.
TOP STOCKS TO WATCH OUT TODAY:
HESS Corp. up 7.173% at $90.40, Xilinx Inc. down 3.328% at $127.53, MODERNA Inc. up 4.543% to $208.24, CDW Corp. up 2.383% to $169.73, OKTA Inc. down 2.541% to $233.18, BIOGEN Inc. down 1.939% at $380.91.
Economic news:
US: U.S. President Joe Biden held separate talks on Monday with two key Democratic senators about a bipartisan infrastructure plan and told them he was encouraged by the proposal but still had questions about how to pay for the bill, the White House said.
A bipartisan infrastructure plan costing a little over $1 trillion, only about a fourth of what Biden initially proposed, has been gaining support in the U.S. Senate, but disputes continue over how it should be funded.
Biden met separately with Senators Joe Manchin and Kyrsten Sinema and “told them he was encouraged by what has taken shape but that he still has questions about the policy as well as the means for financing the bipartisan group’s proposal,” the White House said.
Biden also told the senators that he was “focused on budget resolution discussions in the Senate,” it said, an apparent reference to Democratic preparations to pass parts of his broader infrastructure plans opposed by Republicans using a procedure called reconciliation that requires only a simple majority.
There are 50 Republicans, 48 Democrats and two independents who caucus with Democrats in the 100-seat Senate and Vice President Kamala Harris has the tie-breaking vote for the Democrats.
Eurozone: The euro zone and the United States are “clearly in a different situation” when it comes the outlook for inflation, European Central Bank President Christine Lagarde said on Monday, playing down any impact from across the Atlantic.
With the U.S. economy reopening and prices rebounding fast, Federal Reserve officials have started discussing ending their bond purchase programme and last week brought forward their expectations for the first rate hike since the start of the coronavirus pandemic.
This has triggered market speculation about rising inflation and a tightening of monetary policy across the globe.
But Lagarde rejected comparisons between both economies, saying the U.S. recovery was farther ahead of the euro zones.
“The United States and Europe are clearly in a different situation,” Lagarde told the European Parliament. “It’s tempting to compare but it’s not very judicious given the many differences between the two economies.”
Important Data: US Existing Home Sales (May) today at 10:00 this time estimated 5.72M, previously which was 5.85M. API Weekly Crude Oil Stock today at 16:30 previously which was -8.537M. CBI Industrial Trends Orders (Jun) today at 6:00 this time estimated 18, previously which was 17. EURO ZONE ECB’s Lane Speaks today at 10:00.

TECHNICAL SUMMARY

GBPUSD
https://lh3.googleusercontent.com/oh...ZYW5cR3eO4HMow
https://www.capitalstreetfx.com/en/w.../image-150.png

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

EURUSD
https://lh3.googleusercontent.com/3n...s1J2A9OJTClnMc
https://www.capitalstreetfx.com/en/w.../image-151.png

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

EURJPY
https://lh6.googleusercontent.com/DC...xswnI6gVUmxLgU
https://www.capitalstreetfx.com/en/w.../image-152.png

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

GBPJPY
https://lh3.googleusercontent.com/7e...d8gi2eStJkG4Ig
https://www.capitalstreetfx.com/en/w.../image-153.png

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

DOW JONES
https://lh4.googleusercontent.com/oq...0FcWmhMVkOmvIc
https://www.capitalstreetfx.com/en/w.../image-154.png

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

WTI CRUDE OIL
https://lh3.googleusercontent.com/lF...c-W5wb52fb41A8
https://www.capitalstreetfx.com/en/w.../image-155.png

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

GOLD
https://lh4.googleusercontent.com/uA...Ms964lDnRMLSI4
https://www.capitalstreetfx.com/en/w.../image-156.png

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

BTC USD
https://lh6.googleusercontent.com/7h...VbLTmqnFmaUV_k
https://www.capitalstreetfx.com/en/w.../image-157.png

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

TECHNICAL ANALYSIS REPORT TODAY – 24 JUNE 2021
Asia Pacific stocks were mostly up Thursday morning. The Shanghai composite is down 0.15% at 3,561.00. Overall, the Singapore MSCI up 0.08% at 354.45. Over in Hong Kong, the Hang Seng Index up 0.24% to 28,799. In Japan, the Nikkei 225 up 0.10% at 28,840, while the Topix index is down 0.08% at 1942.5. South Korea’s Kospi up 0.38% to 3287.73. Australia S&P/ASX 200 down 0.09% at 7291.8.
European equities Wednesday closing. The DAX futures contract in Germany traded 1.15% down at 15456.39, CAC 40 futures down 0.91% at 6551.07 and the UK 100 futures contract in the U.K. up 0.23% at 7,087.6.
In U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.21% at 33874.25. The S&P 500 down 0.11% to 4241.83 and the Nasdaq 100 up 0.19% at 14318.1, NYSE closes at 16437.62 down 0.07%.
In the Forex market, GBPUSD up 0.02% at 1.39607. The USDJPY up 0.01% at 110.968. The USDCHF up 0.14% at 0.91926. EURUSD down 0.01% at 1.19250, EUR/GBP up 0.05% at 0.85411. The USD/CNY up 0.09% at 6.4801, at the time of writing.
In the commodity market U.S. Gold futures down 0.18% at $1,774.40. Elsewhere, Silver futures up 0.08% to $25.869 per ounce, Platinum down 1.23% at $1075.22 per ounce, and Palladium up 0.19% to $2,618.50.
Crude Oil mix on Thursday; Brent crude oil down 0.21% to $75.24 barrel while U.S. West Texas Intermediate (CLc1) is up 0.01% at $70.59.
In the Cryptocurrency Markets, BTCUSD at 32618.25 down 3.07%, Ethereum at 1912.38 down 2.86%, Litecoin at 128.03 down 0.74%, at the time of writing.
TOP STOCKS TO WATCH OUT TODAY:
TESLA Inc. up 5.269% at $656.57, TWITTER Inc. up 4.249% at $66.49, FORD MOTOR Co. up 3.421% to $15.42, NOV Inc. down 7.38% to $15.06, MODERNA Inc. down 4.21% to $212.04, SEAGEN Inc. down 1.134% at $156.88.
Economic news:
US: U.S. Treasury Secretary Janet Yellen on Wednesday warned Congress that the United States risks a debt default and a new financial crisis as soon as the August recess if lawmakers fail to act quickly to suspend or raise the federal borrowing limit.
In testimony to a Senate Appropriations subcommittee, Yellen said defaulting on U.S. debt obligations would be “unthinkable” and “would have absolutely catastrophic economic consequences.”
Yellen said that to avoid uncertainty for financial markets, Congress should pass new debt limit legislation – allowing the Treasury to continue borrowing – before the latest suspension expires on July 31.
An unprecedented default on U.S. government debt obligations “would precipitate a financial crisis, it would threaten the jobs and savings of Americans at a time when we’re still recovering from the COVID pandemic,” Yellen said.
“I would plead with Congress to simply protect the full faith and credit of the United States by acting to raise or suspend the debt limit as soon as possible.”
Eurozone: The Bank of England will say on Thursday whether it is worried about a recent jump in inflation, which broke above the central bank’s 2% target and looks set to climb higher as Britain reawakens its economy from its coronavirus slumber.
With global policymakers grappling with economic overheating risks against the backdrop of huge stimulus programmes, Governor Andrew Bailey and other BoE officials have mostly said Britain’s faster price growth is likely to prove transitory.
But last week, the U.S. Federal Reserve began to move towards reducing its pandemic stimulus by signalling its first-rate hike in 2023, a year earlier than previous projections, putting the focus on what other central banks might now do.
The BoE is expected to leave its benchmark rate at an all-time low of 0.1% and press on with its 895 billion-pound ($1.25 trillion) bond-buying programme when it announces its June policy decision at 1100 GMT.
But investors are watching to see if any other Monetary Policy Committee members join Chief Economist Andy Haldane who is likely to vote again to scale back the bond-buying programme at his final meeting before leaving the BoE.
Important Data: German Business Expectations (Jun) today at 4:00 this time estimated 103.9, previously which was 102.9. UK BoE Interest Rate Decision (Jun) today at 7:00 this time estimated 0.10%, previously which was 0.10%. US Core Durable Goods Orders (MoM) (May) today at 8:30 this time estimated 0.8%, previously which was 1.0%. US GDP (QoQ) (Q1) today at 8:30 this time estimated 6.4%, previously which was 4.3%.

TECHNICAL SUMMARY

TECHNICAL ANALYSIS REPORT TODAY – 25 JUNE 2021
Asian shares rose on Friday. The Shanghai composite is up 1.07% at 3,604.82. Overall, the Singapore MSCI up 0.14% at 354.70. Over in Hong Kong, the Hang Seng Index up 1.24% to 29,191. In Japan, the Nikkei 225 up 0.73% at 29,020, while the Topix index is up 0.72% at 1956.5. South Korea’s Kospi up 0.48% to 3301.52. Australia S&P/ASX 200 up 0.50% at 7311.8.
European equities Thursday closing. The DAX futures contract in Germany traded 0.86% up at 15589.23, CAC 40 futures up 1.22% at 6631.16 and the UK 100 futures contract in the U.K. up 0.51% at 7,109.96.
In U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.95% at 34196.83. The S&P 500 up 0.58% to 4266.48 and the Nasdaq 100 up 0.05% at 14381.5, NYSE closes at 16558.62 up 0.74%.
In the Forex market, GBPUSD up 0.12% at 1.39295. The USDJPY down 0.01% at 110.835. The USDCHF down 0.01% at 0.91766. EURUSD up 0.08% at 1.19404, EUR/GBP up 0.12% at 0.85722. The USD/CNY down 0.21% at 6.4581, at the time of writing.
In the commodity market U.S. Gold futures up 0.29% at $1,780.44. Elsewhere, Silver futures up 0.90% to $26.137 per ounce, Platinum up 0.25% at $1099.7 per ounce, and Palladium up 0.40% to $2,656.00.
Crude Oil up on Friday; Brent crude oil up 0.30% to $75.76 barrel while U.S. West Texas Intermediate (CLc1) is up 0.01% at $70.60.
In the Cryptocurrency Markets, BTCUSD at 34551.77 down 0.28%, Ethereum at 1969.34 down 1.02%, Litecoin at 134.47 down 0.01%, at the time of writing.
TOP STOCKS TO WATCH OUT TODAY:
TESLA Inc. up 3.541% at $679.82, DISCOVERY Inc. up 3.021% at $28.65, BOEING Co. up 2.874% to $250.57, DOLLAR TREE Inc. down 2.118% to $99.34, BAIDU Inc. up 2.96% to $194.77, INTEL Corp. up 1.466% at $56.07.
Economic news:
US: Hours after President Joe Biden declared “We have a deal” to renew the infrastructure of the United States, the Senate’s top Republican lashed out at plans to follow the $1.2 trillion bipartisan bill with another measure funding what Democrats call “human infrastructure.”
Biden and top congressional Democrats – House of Representatives Speaker Nancy Pelosi and Senate Majority Leader Chuck Schumer – had long signaled their plan to link the bipartisan deal with another bill including spending on home health care and child care.
The second measure would be passed through a Senate maneuver called reconciliation https://www.reuters.com/world/us/us-...nds-2021-06-16, which would allow it to take effect without Republican votes.
Biden told reporters at the White House that he expected quick action on both measures – or neither would survive.
“I expect that in the coming months this summer, before the fiscal year is over, that we will have voted on this (bipartisan) bill – the infrastructure bill – as well as voted on the budget resolution,” he said. “But if only one comes to me, I’m not signing it. It’s in tandem.”
Eurozone: European Central Bank Executive Board member Isabel Schnabel pledged that she and her colleagues will do everything needed to sustain the economic recovery, and warned governments not to undermine that by tightening fiscal policy too soon.
“The worst thing that can happen is that the support is ended prematurely. I can assure you that on the monetary-policy side, we’ll do everything to avoid that,” Schnabel said in an online event on Thursday.
“Maybe we should be worried more about fiscal policy,” she added, saying that in some countries “there’s already a debate ongoing about consolidation of public finances which may actually come a bit too early.”
Tensions were on display this week when Italian Prime Minister Mario Draghi, a former ECB president, insisted euro-area fiscal rules can’t return to how they were before the pandemic.
The directly contradicts Armin Laschet, the front-runner to succeed Angela Merkel as German chancellor, who said last week that stability policies will have to be reinstated when the effects of the pandemic on the global economy are over. Austrian Finance Minister Gernot Bluemel has made a similar case.
Important Data: US Personal Spending (MoM) (May) today at 8:30 this time estimated 0.4%, previously which was 0.5%. GfK German Consumer Climate (Jul) today at 7:00 this time estimated -4.0, previously which was -6.9. EURO ZONE Private Sector Loans (YoY) today at 4:00 previously which was 3.8%. US PCE price index (MoM) (May) today at 8:30 previously which was 0.6%.

TECHNICAL SUMMARY

GBPUSD
https://lh5.googleusercontent.com/5D...FPFosIENYKxdos
https://www.capitalstreetfx.com/en/w.../image-178.png

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

EURUSD
https://lh3.googleusercontent.com/d0...YTWPtDCvP4C4EU
https://www.capitalstreetfx.com/en/w.../image-179.png

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

EURGBP
https://lh5.googleusercontent.com/Jc...HZfX1tPuhDkcY8
https://www.capitalstreetfx.com/en/w.../image-180.png

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

EURJPY
https://lh4.googleusercontent.com/Lt...bPKyOhfOh7QNCs
https://www.capitalstreetfx.com/en/w.../image-181.png

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

FTSE 100
https://lh5.googleusercontent.com/vD...pviZCaX8IuL7ao
https://www.capitalstreetfx.com/en/w.../image-182.png

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

WTI CRUDE OIL
https://lh3.googleusercontent.com/D4...iHHDJWkXdxFP2M
https://www.capitalstreetfx.com/en/w.../image-183.png

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

GOLD
https://lh6.googleusercontent.com/5l...HjxDFL3s5KUqBs
https://www.capitalstreetfx.com/en/w.../image-184.png

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

LITECOIN
https://lh6.googleusercontent.com/3P...36Qc8t4lIRop0A
https://www.capitalstreetfx.com/en/w.../image-185.png

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

TECHNICAL ANALYSIS REPORT TODAY – 28 JUNE 2021
Asian shares started the week in a cautious mood on Monday. The Shanghai composite is down 0.14% at 3,602.08. Overall, the Singapore MSCI up 0.54% at 356.60. Over in Hong Kong, the Hang Seng Index down 0.28% to 28,960. In Japan, the Nikkei 225 down 0.28% at 28,960, while the Topix index is up 0.05% at 1959.5. South Korea’s Kospi down 0.03% to 3301.77. Australia S&P/ASX 200 down 0.01% at 7307.3.
European equities Friday closing. The DAX futures contract in Germany traded 0.12% up at 15607.97, CAC 40 futures down 0.12% at 6622.88 and the UK 100 futures contract in the U.K. up 0.37% at 7,136.08.
In U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.69% at 34433.85. The S&P 500 up 0.33% to 4280.69 and the Nasdaq 100 up 0.15% at 14369.0, NYSE closes at 16658.62 up 0.60%.
In the Forex market, GBPUSD up 0.25% at 1.39049. The USDJPY down 0.08% at 110.688. The USDCHF up 0.16% at 0.91817. EURUSD down 0.04% at 1.19297, EUR/GBP down 0.18% at 0.85793. The USD/CNY up 0.05% at 6.4576, at the time of writing.
In the commodity market U.S. Gold futures up 0.11% at $1,782.47. Elsewhere, Silver futures up 0.13% to $26.090 per ounce, Platinum down 0.32% at $1107.47 per ounce, and Palladium up 0.34% to $2,650.00.
Crude Oil up on Monday; Brent crude oil up 0.08% to $76.18 barrel while U.S. West Texas Intermediate (CLc1) is up 4.89% at $74.05.
In the Cryptocurrency Markets, BTCUSD at 34442.38 down 0.74%, Ethereum at 1980.44 down 0.14%, Litecoin at 131.40 down 0.84%, at the time of writing.
TOP STOCKS TO WATCH OUT TODAY:
NIKE Inc. up 15.531% at $154.35, CARMAX Inc. up 6.673% at $127.4, TELEFLEX Inc. up 2.842% to $412.21, FEDEX Corp. down 3.628% to $291.95, EBAY Inc. up 1.998% to $67.90, BAIDU Inc. up 4.041% at $202.64.
Economic news:
US: Republican Senate negotiators on an infrastructure deal were optimistic about a $1.2 trillion bipartisan bill on Sunday after President Joe Biden withdrew his threat to veto the measure unless a separate Democratic spending plan also passes Congress.
U.S. Senator Rob Portman said he and his fellow negotiators were “blindsided” by Biden’s comments on Thursday after a rare bipartisan compromise to fix the nation’s roads, bridges and ports.
“I was very glad to see the president clarify his remarks because it was inconsistent with everything that we had been told all along the way,” Portman said in an interview with ABC.
Moments after announcing the bipartisan deal on Thursday, Biden appeared to put it in jeopardy with his comment that the infrastructure bill would have to move “in tandem” with a larger bill that includes a host of Democratic priorities that he hopes to pass along party lines.
Eurozone: Britain has yet to receive a formal response from the European Union over its proposal to further extend a grace period on checks on some foodstuffs moving to Northern Ireland just days before the latest deadline, a minister said on Sunday.
“We think we have put forward a sensible proposal, something actually quite moderate while we work out a long-term solution and I am hopeful over the next few days that those technical discussions, we’ll be able to get that secured with the EU,” Northern Ireland minister Brandon Lewis told Times Radio.
“We’re coming very close up against the deadline now and we’ve not yet formally heard back from the EU. They need to come back to us. I am hopeful they will come back in a positive way.”
The current grace period waiving checks on British-made sausages and other chilled meats moving to Northern Ireland is due to end on June 30.
Important Data: JAPAN Retail Sales (YoY) (May) today at 19:50 this time estimated 7.9%, previously which was 11.9%. JAPAN Jobs/applications ratio (May) today at 19:30 this time estimated 1.08, previously which was 1.09. UK BoE MPC Member Haldane Speaks today at 8:00. US FOMC Member Quarles Speaks today at 13:10.

TECHNICAL SUMMARY

TECHNICAL ANALYSIS REPORT TODAY – 29 JUNE 2021
Asian shares dropped on Tuesday. The Shanghai composite is down 0.80% at 3,577.53. Overall, the Singapore MSCI down 1.42% at 351.00. Over in Hong Kong, the Hang Seng Index down 1.03% to 28,924. In Japan, the Nikkei 225 down 0.62% at 28,780, while the Topix index is down 0.56% at 1947.0. South Korea’s Kospi down 0.49% to 3285.63. Australia S&P/ASX 200 down 0.12% at 7298.8.
European equities Monday closing. The DAX futures contract in Germany traded 0.34% down at 15542.17, CAC 40 futures down 0.98% at 6558.03 and the UK 100 futures contract in the U.K. up 0.04% at 7,074.00.
In U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.44% at 34283.28. The S&P 500 up 0.23% to 4290.62 and the Nasdaq 100 down 0.16% at 14495.2, NYSE closes at 16573.72 down 0.51%.
In the Forex market, GBPUSD down 0.03% at 1.38721. The USDJPY up 0.01% at 110.606. The USDCHF up 0.09% at 0.91992. EURUSD down 0.04% at 1.19167, EUR/GBP up 0.07% at 0.85914. The USD/CNY up 0.06% at 6.4597, at the time of writing.
In the commodity market U.S. Gold futures down 0.08% at $1,776.65. Elsewhere, Silver futures down 0.01% to $26.048 per ounce, Platinum down 0.11% at $1089.74 per ounce, and Palladium down 0.43% to $2,678.50.
Crude Oil down on Tuesday; Brent crude oil down 0.13% to $74.48 barrel while U.S. West Texas Intermediate (CLc1) is down 1.74% at $72.76.
In the Cryptocurrency Markets, BTCUSD at 34880.79 up 1.14%, Ethereum at 2123.12 up 1.95%, Litecoin at 139.67 up 1.74%, at the time of writing.
TOP STOCKS TO WATCH OUT TODAY:
ETSY Inc. up 7.365% at $198.41, NVIDIA Corp. up 5.013% at $799.4, FACEBOOK up 4.18% to $355.64, INTEL Corp. up 2.808% to $57.48, CARNIVAL Corp. down 7.039% to $26.15, NOV Inc. down 6.003% at $14.72.
Economic news:
US: Two Federal Reserve officials on Monday expressed strong skepticism about the need for the central bank to issue a digital currency, saying that many dollar transactions are already virtual and some of the potential benefits of an official digital currency may be accomplished through other means.
The remarks, made at two separate events on Monday afternoon, suggest policymakers could face intense discussions as they explore the potential benefits, costs and logistics of creating a central bank digital currency, or CBDC.
Fed Vice Chair for Supervision Randal Quarles said any proposals to create a U.S. CBDC must clear a “high bar,” and that he needs to be convinced the potential benefits would outweigh the risks.
“Before we get carried away with the novelty, I think we need to subject the promises of a CBDC to a careful critical analysis,” Quarles said in remarks delivered in person during the annual Utah Bankers Association Convention.
The Fed official said the U.S. dollar is already “highly digitized” and expressed scepticism that a CBDC would help to improve financial inclusion or lower financial costs. Some of those issues may be better addressed with other solutions, such as improving access to low-cost bank accounts, Quarles said.
Eurozone: Banks in the euro zone are already recording a drop in credit quality and this trend is likely to accelerate once government support measures are removed, European Central Bank Vice President Luis de Guindos said on Monday.
“There are already some early signs of weakening credit quality, for example the share of loans reported as subject to heightened credit risk has risen significantly and asset quality is likely to deteriorate once support measures are phased out,” de Guindos said in a speech.
“The deterioration is most visible in sectors that were hit harder by the pandemic, such as services, while loan performance problems are less prevalent in manufacturing,” he added.
Important Data: AUSTRALIA Private Sector Credit (MoM) (May) today at 21:30 previously which was 0.2%. CHINA Manufacturing PMI (Jun) today at 21:00 this time estimated 50.8, previously which was 51.00. JAPAN Industrial Production (MoM) (May) today at 19:50 this time estimated -2.4%, previously which was 2.9%. US API Weekly Crude Oil Stock today at 16:30 previously which was -7.199M.

TECHNICAL SUMMARY

TECHNICAL ANALYSIS REPORT TODAY – 30 JUNE 2021
Asia Pacific stocks were mostly up Wednesday morning. The Shanghai composite is up 0.25% at 3,582.82. Overall, the Singapore MSCI up 1.60% at 356.70. Over in Hong Kong, the Hang Seng Index down 0.14% to 28,805. In Japan, the Nikkei 225 up 0.17% at 28,810, while the Topix index is down 0.05% at 1944.0. South Korea’s Kospi up 0.40% to 3299.99. Australia S&P/ASX 200 up 0.43% at 7332.2.
European equities Tuesday closing. The DAX futures contract in Germany traded 0.88% up at 15690.59, CAC 40 futures up 0.14% at 6567.44 and the UK 100 futures contract in the U.K. down 0.04% at 7,074.60.
In U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.03% at 34292.30. The S&P 500 up 0.03% to 4291.81 and the Nasdaq 100 down 0.07% at 14486.5, NYSE closes at 16547.57 down 0.16%.
In the Forex market, GBPUSD up 0.11% at 1.38455. The USDJPY down 0.02% at 110.457. The USDCHF up 0.12% at 0.92173. EURUSD up 0.02% at 1.18964, EUR/GBP up 0.01% at 0.85937. The USD/CNY down 0.09% at 6.4574, at the time of writing.
In the commodity market U.S. Gold futures down 0.20% at $1,757.20. Elsewhere, Silver futures up 0.06% to $25.759 per ounce, Platinum down 0.47% at $1064.46 per ounce, and Palladium up 0.15% to $2,686.00.
Crude Oil mix on Wednesday; Brent crude oil down 0.25% to $74.44 barrel while U.S. West Texas Intermediate (CLc1) is up 0.12% at $72.85.
In the Cryptocurrency Markets, BTCUSD at 35022.51 down 2.47%, Ethereum at 2134.61 down 1.31%, Litecoin at 142.28 down 1.23%, at the time of writing.
TOP STOCKS TO WATCH OUT TODAY:
MORGAN STANLEY up 3.352% at $90.64, NIKE Inc. up 2.356% at $155.95, ETSY Inc. up 2.077% to $202.53, CITI GROUP Inc. down 2.559% to $69.68, INTEL Inc. down 1.27% to $56.75, TESLA Inc. down 1.156% at $680.76.
Economic news:
US: U.S. free-trade agreements reached over the past 3 1/2 decades have had a “small but positive” effect on the world’s biggest economy, a report by a bipartisan federal agency analysing trade issues showed.
Trade pacts concluded since 1984 raised gross domestic product by $88.8 billion, or 0.5%, and added 485,000 full-time equivalent jobs, the International Trade Commission said in a 390-page report released Tuesday. Job gains weren’t evenly distributed, with the biggest improvements seen for college-educated males, it said.
While free-trade agreements “help level the playing field when other markets are less open than those of the U.S.,” critics say the deals “often serve the interests of multinational corporations at the expense of American workers — for example, by promoting trade liberalization and investor protections while failing to adequately protect worker rights and the environment,” the commission said.
The Biden administration has promised its trade policy will focus on workers and the middle class as the nation recovers from the Covid-19 pandemic.
The study examined the economic effects only of trade agreements for which Congress enacted implementing bills, including those under so-called Fast-Track Authority before 2002 and those made under Trade Promotion Authority since that year.
Eurozone: European airline passenger rights, which include carriers’ legal obligation to pay refunds for cancelled flights, have not been safeguarded during the COVID-19 pandemic, an EU report released on Tuesday said.
The European Court of Auditors (ECA) found that in virtually all cases airlines were able to sidestep rules requiring a cash refund for cancelled flights and offer customers vouchers for future journeys instead.
The ECA, which looks after the interests of taxpayers in the 27-member European Union but does not have legal powers, said travel restrictions led to 7,000 air routes being closed in the European airport network after the pandemic began last year.
Flight cancellations affected tens of millions of passengers across the bloc between March 2020 and March 2021, the ECA said.
EU law grants consumers immediate cash refunds for cancelled flights, plus compensation for those scrapped with less than two weeks’ notice or for delays of over three hours.
Important Data: German Unemployment Change (Jun) today at 3:55 this time estimated -20K, previously which was -15K. EURO ZONE CPI (YoY) (Jun) today at 5:00 this time estimated 1.9%, previously which was 2.00%. CANADA GDP (MoM) (Apr) today at 8:30 this time estimated -0.8%, previously which was 1.1%. US Crude Oil Inventories today at 10:30 this time estimated -4.686M, previously which was -7.614M.

TECHNICAL SUMMARY

TECHNICAL ANALYSIS REPORT TODAY – 02 JULY 2021
Chinese shares dropped on Friday. The Shanghai composite is down 0.07% at 3,588.78. Overall, the Singapore MSCI up 0.10% at 355.55. Over in Hong Kong, the Hang Seng Index down 1.67% at 28,151. In Japan, the Nikkei 225 up 0.42% at 28,750, while the Topix index is up 0.90% at 1952.0. South Korea’s Kospi up 0.01% to 3282.54. Australia S&P/ASX 200 up 0.51% at 7302.5.
European equities Thursday closing. The DAX futures contract in Germany traded 0.47% up at 15603.81, CAC 40 futures up 0.71% at 6553.83 and the UK 100 futures contract in the U.K. up 1.25% at 7,125.17.
In U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.38% at 34633.54. The S&P 500 up 0.52% to 4319.93 and the Nasdaq 100 down 0.14% at 14533.3, NYSE closes at 16640.95 up 0.52%.
In the Forex market, GBPUSD up 0.06% at 1.37647. The USDJPY up 0.06% at 111.583. The USDCHF up 0.10% at 0.92618. EURUSD down 0.06% at 1.18415, EUR/GBP up 0.03% at 0.86019. The USD/CNY up 0.17% at 6.4802, at the time of writing.
In the commodity market U.S. Gold futures up 0.12% at $1,778.15. Elsewhere, Silver futures up 0.08% to $26.032 per ounce, Platinum up 0.57% at $1089.61 per ounce, and Palladium down 0.04% to $2,764.50.
Crude Oil up on Friday; Brent crude oil up 0.09% at $75.64 barrel while U.S. West Texas Intermediate (CLc1) is up 2.03% at $74.82.
In the Cryptocurrency Markets, BTCUSD at 32858.58 down 2.10%, Ethereum at 2029.71 down 3.70%, Litecoin at 131.43 down 4.12%, at the time of writing.
TOP STOCKS TO WATCH OUT TODAY:
VIATRIS Inc. up 3.219% at $14.75, KLA Corp. down 3.846% at $311.74, ETSY Inc. down 3.075% to $199.51, FACEBOOK up 1.921% to $354.39, FINSERV Inc. up 1.357% to $108.34, AMGEN Inc. up 1.292% at $246.9.
Economic news:
US: The Congressional Budget Office on Thursday doubled its forecast for U.S. economic growth in fiscal 2021 to 7.4% and said it expected the federal budget deficit to decline slightly to about $3 trillion despite higher coronavirus aid spending.
The upbeat forecast from the non-partisan CBO was mirrored by a sharply higher forecast for U.S. economic output from the International Monetary Fund, which raised its projection for U.S. gross domestic product growth to 7% from 6.4%.
The White House welcomed both of the rosy projections – along with others in recent weeks from the World Bank, the Organization for Economic Cooperation and Development and the Federal Reserve – as evidence that President Joe Biden’s plans to jumpstart the U.S. economy were working.
“Growth projections are up, deficit projections are down and unemployment will continue to decrease. Biden’s economy is booming,” a White House official said, adding that the newest forecasts also saw the current bump in consumer prices as temporary.
Eurozone: Britain’s finance minister pledged on Thursday to “sharpen” the competitive advantage of the UK financial services sector as he set out his vision for its future after the City of London lost business to the bloc after Brexit.
In his first Mansion House speech, traditionally an annual address given by the Chancellor of the Exchequer in the City of London financial district, Rishi Sunak said Britain’s departure from the European Union was a unique opportunity to tailor rules while maintaining high regulatory standards and open markets.
Brexit has largely severed the City’s ties with investors in the EU, triggering a shift in over 7,500 financial jobs from London to new hubs in the bloc, with Amsterdam leapfrogging London to become Europe’s biggest share trading centre.
Last year the finance ministry rolled out reviews to listings rules, fintech and insurance capital rules, and on Thursday it announced there would be further public consultations on financial reforms.
Important Data: US Average Hourly Earnings (YoY) (Jun) today at 8:35 this time estimated 3.7%, previously which was 2.0%. US Nonfarm Payrolls (Jun) today at 8:30 this time estimated 700K, previously which was 559K. CANADA Building Permits (MoM) (May) today at 8:30 this time estimated -0.3%, previously which was -0.5%. EURO ZONE ECB President Lagarde Speaks today at 8:30.

TECHNICAL SUMMARY

Daily Free Forex Trading Signals By Capital Street Fx - July 05, 2021


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SELL= 0.75133
TARGET= 0.74954
SL= 0.75259

COFFEE
SELL = 152.66
TARGET= 151.49
SL= 154.13

TESLA
SELL = 676.54
TARGET= 670.59
SL= 683.60

ETHEREUM
SELL = 2267.03
TARGET= 2247.15
SL= 2301.72

NIKKEI 225
SELL = 28586.0
TARGET = 28554.0
SL= 28649.0


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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

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

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
https://lh3.googleusercontent.com/62...HzUJwFs_dtKLNc
https://www.capitalstreetfx.com/en/w...7/image-66.png

TRADE SUGGESTION- SELL AT 1.38428, TAKE PROFIT AT 1.38109 AND STOP LOSS AT 1.38930

EURUSD
https://lh4.googleusercontent.com/ox...CqjsHoHj6NilG0
https://www.capitalstreetfx.com/en/w...7/image-67.png

TRADE SUGGESTION- SELL AT 1.179, TAKE PROFIT AT 1.17694 AND STOP LOSS AT 1.18017

GBPJPY
https://lh6.googleusercontent.com/13...WvmjzR35FEPLQA
https://www.capitalstreetfx.com/en/w...7/image-68.png

TRADE SUGGESTION- SELL AT 152.881, TAKE PROFIT AT 152.555 AND STOP LOSS AT 153.137

CHFJPY
https://lh4.googleusercontent.com/tx...RtTMvyCTRyOGHM
https://www.capitalstreetfx.com/en/w...7/image-69.png

TRADE SUGGESTION- SELL AT 120.250, TAKE PROFIT AT 120.010 AND STOP LOSS AT 120.569

NASDAQ 100
https://lh3.googleusercontent.com/KM...H8f3nenE3oCTzA
https://www.capitalstreetfx.com/en/w...7/image-70.png

TRADE SUGGESTION- BUY AT 14864.24 TAKE PROFIT AT 14884.50 AND STOP LOSS AT 14839.4

WTI CRUDE OIL
https://lh4.googleusercontent.com/bO...NqNQwmIFv0udMM
https://www.capitalstreetfx.com/en/w...7/image-71.png

TRADE SUGGESTION- BUY AT 75.04 TAKE PROFIT AT 75.32 AND STOP LOSS AT 74.84

GOLD
https://lh5.googleusercontent.com/b_...-5kzoFxXH63lgY
https://www.capitalstreetfx.com/en/w...7/image-72.png

TRADE SUGGESTION- BUY AT 1811.45, TAKE PROFIT AT 1816.08 AND STOP AT 1808.93

BTCUSD
https://lh3.googleusercontent.com/HU...go0-jRF8rwudsk
https://www.capitalstreetfx.com/en/w...7/image-73.png

TRADE SUGGESTION- SELL AT 31879.74 TAKE PROFIT AT 31013.95 AND STOP AT 32587.31