Technical Analysis Report Today – 01 June 2021

Technical Analysis

Technical Analysis Report Today – 01 June 2021

Asia Pacific stocks were mostly up Tuesday morning. The Shanghai composite is up 0.19% at 3,622.32. Overall, the Singapore MSCI up 0.26% at 360.50. Over in Hong Kong, the Hang Seng Index up 0.96% to 29,235. In Japan, the Nikkei 225 down 0.72% at 28,760, while the Topix index is down 0.44% at 1920.0. South Korea’s Kospi up 0.56% to 3221.87. Australia S&P/ASX 200 down 0.27% at 7142.6.

European equities Monday closing. The DAX futures contract in Germany traded 0.64% down at 15421.38, CAC 40 futures down 0.57% at 6447.18 and the UK 100 futures contract in the U.K. up 0.44% at 7,022.71.

In U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.21% at 34535.91 the S&P 500 up 0.08% to 4204.12 and the Nasdaq 100 up 0.23% at 13709.3, NYSE closes at 16555.65 up 0.14%.

In the Forex market, GBPUSD up 0.17% at 1.42292. The USDJPY down 0.06% at 109.45. The USDCHF up 0.03% at 0.89873. EURUSD up 0.05% at 1.22306, EUR/GBP down 0.01% at 0.85953. The USD/CNY up 0.01% at 6.3706, at the time of writing.

In the commodity market U.S. Gold futures up 0.42% at $1,914.90. Elsewhere, Silver futures up 1.18% to $28.353per ounce, Platinum up 0.47% at $1192.54 per ounce, and Palladium up 0.97% to $2,860.00.

Crude Oil mix on Tuesday; Brent crude oil up 1.22% to $70.28 barrel while U.S. West Texas Intermediate (CLc1) is down 0.66% at $66.61.

In the Cryptocurrency Markets, BTCUSD at 36764.48 down 1.55%, Ethereum at 2645.03 down 2.30%, Litecoin at 183.58 down 2.51%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY:

Top 5 Stock
Top 5 Stock

NVIDIA Corp. up 4.884% at $649.78, EBAY Inc. up 2.613% at $60.88, HP Inc. down 8.941% to $29.23, GAP Inc. down 4.836% to $33.45, ZOOM VIDEO Comm. up 1.562% to $331.53, DOLLAR TREE Inc. down 2.607% at $97.50.

Economic news:

US: U.S. Customs and Border Protection on Friday imposed a new import ban on seafood from a Chinese fishing fleet that the agency says is using forced labor on its 32 vessels, including abuses against many Indonesian workers.

The CBP said it will immediately detain tuna, swordfish and other products from the Dalian Ocean Fishing Co Ltd at U.S. ports of entry. The “withhold release order” banning the imports also applies to other end-use products containing seafood from the company, such as canned tuna and pet food, a CBP official said.

Department of Homeland Security Secretary Alejandro Mayorkas said the action marks the first time the CBP has banned imports from an entire fishing fleet, as opposed to the individual vessels targeted in the past.

“DHS will continue to aggressively investigate the use of forced labor by distant water fishing vessels, and by a wide range of other industries,” Mayorkas told a news briefing. “Producers and U.S. importers alike should understand that there will be consequences for entities that attempt to exploit workers to sell goods in the United States.”

Eurozone: The European Union (EU) is set to unveil plans for a bloc-wide digital wallet on Wednesday, following requests from member states to find a safe way for citizens to access public and private services online, the Financial Times reported.

The app will allow citizens across the EU to securely access a range of private and public services with a single online ID, according to the FT report on Tuesday.

The digital wallet will securely store payment details and passwords and allow citizens from all 27 countries to log onto local government websites or pay utility bills using a single recognised identity, the newspaper said, citing people with direct knowledge of the plans.

The EU-wide app can be accessed via fingerprint or retina scanning among other methods, and will also serve as a vault where users can store official documents like the driver’s licence, the newspaper reported.

Important Data: German Manufacturing PMI (May) today at 3:55 this time estimated 64.0, previously which was 66.2. UK Manufacturing PMI (May) today at 4:30 this time estimated 66.1, previously which was 66.1. EURO ZONE CPI (YoY) (May) today at 5:00 this time estimated 1.9%, previously which was 1.6%. AUSTRALIA GDP (QoQ) (Q1) today at 21:30 previously which was 3.1%.

TECHNICAL SUMMARY

GBPUSD

Technical Analysis
Technical Analysis

TRADE SUGGESTION- BUY AT 1.42245, TAKE PROFIT AT 1.42854 AND STOP LOSS AT 1.41625

EURUSD

Technical Analysis
Technical Analysis

TRADE SUGGESTION- BUY AT 1.22265, TAKE PROFIT AT 1.22382 AND STOP LOSS AT 1.22186

EURGBP

Technical Analysis
Technical Analysis

TRADE SUGGESTION- SELL AT 0.85884, TAKE PROFIT AT 0.85732 AND STOP LOSS AT 0.86041

EURJPY

Technical Analysis
Technical Analysis

TRADE SUGGESTION- BUY AT 133.865, TAKE PROFIT AT 133.956 AND STOP LOSS AT 133.806

DAX 30

Technical Analysis
Technical Analysis

TRADE SUGGESTION- BUY AT 15533.5 TAKE PROFIT AT 15546.3 AND STOP LOSS AT 15515.3

WTI CRUDE OIL

Technical Analysis
Technical Analysis

TRADE SUGGESTION- BUY AT 67.76 TAKE PROFIT AT 68.51 AND STOP LOSS AT 66.27

GOLD

Technical Analysis
Technical Analysis

TRADE SUGGESTION- BUY AT 1913.82, TAKE PROFIT AT 1914.63 AND STOP AT 1913.00

LITECOINUSD

Technical Analysis
Technical Analysis

TRADE SUGGESTION- SELL AT 182.55 TAKE PROFIT AT 176.37 AND STOP AT 189.02

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