Technical Analysis Report Today – 15 July 2021

Technical Analysis

Technical Analysis Report Today – 15 July 2021

Asia Pacific stocks were mostly up on Thursday morning. The Shanghai composite is up 0.68% at 3,552.54. Overall, the Singapore MSCI down 0.93% at 356.95. Over in Hong Kong, the Hang Seng Index up 1.15% at 28,097. In Japan, the Nikkei 225 down 1.09% at 28,230, while the Topix index is down 1.05% at 1938.0. South Korea’s Kospi up 0.58% to 3283.69. Australia S&P/ASX 200 down 0.30% at 7332.4.

European equities Wednesday closing. The DAX futures contract in Germany traded flat at 15788.98, CAC 40 futures flat at 6558.39 and the UK 100 futures contract in the U.K. down 0.47% at 7,091.20.

In U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.13% at 34933.24. The S&P 500 up 0.12% to 4374.31 and the Nasdaq 100 up 0.17% at 14900.44, NYSE closes at 16543.77 down 0.19%.

In the Forex market, GBPUSD down 0.07% at 1.38503. The USDJPY down 0.15% at 109.78. The USDCHF down 0.06% at 0.9137. EURUSD up 0.07% at 1.18429, EUR/GBP up 0.15% at 0.85496. The USD/CNY down 0.15% at 6.4588, at the time of writing.

In the commodity market U.S. Gold futures up 0.16% at $1,830.00. Elsewhere, Silver futures up 0.51% to $26.359 per ounce, Platinum up 1.33% at $1140.91 per ounce, and Palladium down 0.30% to $2,818.00.

Crude Oil up on Thursday; Brent crude oil down 0.56% at $74.10 per barrel while U.S. West Texas Intermediate (CLc1) is down 1.21% at $73.42.

In the Cryptocurrency Markets, BTCUSD at 32559.46 down 0.8%, Ethereum at 1962.47 down 1.58%, Litecoin at 128.23 down 2.00%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY:

APPLE Inc. up 2.41% at $149.15, COCA COLA Co. up 2.254% at $56.26, HESS Corp. down 4.195% to $80.39, MODERNA Inc. up 4.895% to $246.66, OKTA Inc. down 2.806% to $242.10, TESLA Inc. down 2.268% at $653.38.

Economic news:

US: The U.S. Treasury said on Wednesday that about $15 billion was paid to families in the first monthly installment of the Child Tax Credit that was expanded under President Joe Biden’s $1.9 trillion COVID-19 legislation known as the American Rescue Plan.

Treasury said that the July payments went to families with nearly 60 million eligible children. Eligible families received an initial monthly payment of up to $300 for each child under 6-years-old and up to $250 for each child age 6-17.

The ARP made half of the tax credit for the 2021 tax year payable in advance by the Internal Revenue Service in monthly instalments from July through December this year, with the remainder payable upon the filing of tax returns in 2022.

The Biden administration has proposed making the monthly advance payment of the tax credit permanent as a means to reduce child poverty. The Treasury estimated that under previous rules, families with more than 26 million children would have received less than the full, expanded credit because their incomes were too low.

A senior Biden administration official told reporters on a conference call that 35.2 million families would be receiving the July payment, but an IRS estimate of 39 million families receiving the payments would soon be achieved, as some have yet to register.

Eurozone: Bank of England Governor Andrew Bailey said the BoE would assess inflation data for things that could be temporary, before taking a call on raising rates and tightening the economy’s money supply.

Official data published on Wednesday showed British inflation hit 2.5% in the 12 months to June, surging above the central bank’s target.

“(Wednesday’s) number – yes, it was higher than we thought it would be,” Bailey told https:// Business Live in an interview published Thursday.

“What we will have to do, again, is go through all the evidence and assess to what extent we think the sorts of things that underlie that are likely to be transitory.”

According to Business Live, Bailey highlighted the rise in oil prices over the last year as one such transitory issue.

The central bank’s Monetary Policy Committee will not hesitate to use policy tools if the causes behind rise in prices are persistent, he added.

“The committee has been very clear – if we think the case is made, then of course, we will respond.”

Important Data: US Initial Jobless Claims today at 8:30 this time estimated 360K, previously which was 373K. US Export Price Index (MoM) (Jun)  today at 8:30 this time estimated 1.2%, previously which was 2.2%. RUSSIA Central Bank Reserves (USD) today at 9:00 previously which was 590.7B. NEWZEALAND CPI (QoQ) (Q2) today at 18:45 this time estimated 0.8%, previously which was 0.8%.

TECHNICAL SUMMARY

GBPUSD

Technical Analysis
Technical Analysis

TRADE SUGGESTION- SELL AT 1.38496, TAKE PROFIT AT 1.38698 AND STOP LOSS AT 1.38192

EURUSD

Technical Analysis
Technical Analysis

TRADE SUGGESTION- SELL AT 1.18373, TAKE PROFIT AT 1.18196 AND STOP LOSS AT 1.18681

USDJPY

Technical Analysis
Technical Analysis

TRADE SUGGESTION- SELL AT 109.760, TAKE PROFIT AT 109.443 AND STOP LOSS AT 109.931

USDCHF

Technical Analysis
Technical Analysis

TRADE SUGGESTION- SELL AT 0.91388, TAKE PROFIT AT 0.91356 AND STOP LOSS AT 0.91428

DOW JONES 

Technical Analysis
Technical Analysis

TRADE SUGGESTION- BUY AT 34726.00 TAKE PROFIT AT 34889.00 AND STOP LOSS AT 34571.00

WTI CRUDE OIL

Technical Analysis
Technical Analysis

TRADE SUGGESTION- SELL AT 72.11 TAKE PROFIT AT 71.76 AND STOP LOSS AT 72.45

GOLD

Technical Analysis
Technical Analysis

TRADE SUGGESTION- BUY AT 1830.85, TAKE PROFIT AT 1832.09 AND STOP AT 1830.25

LITECOIN USD

Technical Analysis
Technical Analysis

TRADE SUGGESTION- SELL AT 128.218 TAKE PROFIT AT 119.634 AND STOP AT 137.670

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