Technical Analysis Report Today – 11 June 2021

Technical Analysis

Technical Analysis Report Today – 11 June 2021

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

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

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

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

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

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

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

TOP STOCKS TO WATCH OUT TODAY:

Top 5 Stock
Top 5 Stock

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

Economic news:

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

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

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

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

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

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

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

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

TECHNICAL SUMMARY

GBPUSD

Technical Analysis
Technical Analysis

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

EURUSD

Technical Analysis
Technical Analysis

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

EURGBP

Technical Analysis
Technical Analysis

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

EURJPY

Technical Analysis
Technical Analysis

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

DJ EURO STOXX 50

Technical Analysis
Technical Analysis

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

WTI CRUDE OIL

Technical Analysis
Technical Analysis

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

GOLD

Technical Analysis
Technical Analysis

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

BTCUSD

Technical Analysis
Technical Analysis

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

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