Technical Analysis Report Today – 27 July 2021

Technical Analysis Report Today – 27 July 2021

Asia Pacific stocks were mostly up on Tuesday morning. The Shanghai composite is down 0.48% at 3,450.82. Overall, the Singapore MSCI up 0.28% at 359.20. Over in Hong Kong, the Hang Seng Index down 1.76% at 25,671. In Japan, the Nikkei 225 up 0.36% at 27,930, while the Topix index is up 0.57% at 1937.5. South Korea’s Kospi up 0.26% to 3233.56. Australia S&P/ASX 200 up 0.48% at 7429.9.

European equities Monday closing. The DAX futures contract in Germany traded down 0.32% at 15618.98, CAC 40 futures up 0.15% at 6578.61 and the UK 100 futures contract in the U.K. down 0.03% at 7,025.44.

In U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.24% at 35144.32. The S&P 500 up 0.24% to 4422.31 and the Nasdaq 100 down 0.16% at 15112.0, NYSE closes at 16565.31 up 0.08%.

In the Forex market, GBPUSD down 0.05% at 1.38116. The USDJPY down 0.17% at 110.17. The USDCHF up 0.07% at 0.91613. EURUSD down 0.05% at 1.17958, EUR/GBP down 0.02% at 0.85394. The USD/CNY down 0.05% at 6.479, at the time of writing.

In the commodity market U.S. Gold futures down 0.07% at $1,796.11. Elsewhere, Silver futures up 0.15% to $25.21 per ounce, Platinum down 0.56% at $1060.92 per ounce, and Palladium down 0.52% to $2,641.67.

Crude Oil down on Tuesday; Brent crude oil down 0.05% at $74.76 per barrel while U.S. West Texas Intermediate (CLc1) is down 0.26% at $71.76.

In the Cryptocurrency Markets, BTCUSD at 37269.14 down 0.03%, Ethereum at 2209.55 down 0.83%, Litecoin at 129.44 down 1.37%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY:

Carnival Corp. up 5.465% at $23.16, Nov Inc. up 5.011% at $14.25, Hasbro Inc. up 12.239% to $103.72, Twitter Inc. down 4.185% to $68.69, Moderna Inc. down 3.715% to $335.87, Baidu Inc. down 5.96% at $162.37.

Economic news:

US: Chinese companies listed on U.S. stock exchanges must disclose the risks of the Chinese government interfering in their businesses as part of their regular reporting obligations, a top U.S. Securities and Exchange Commission official said on Monday.

Democratic commissioner Allison Lee’s comments are the first by an SEC official since Chinese regulators launched a massive cyber probe of ride-hailing giant Didi Global last week, just days after its $4.4 billion New York listing, wiping 25% off its share price.

Chinese authorities have cracked down on other U.S.-listed Chinese companies and may require tutoring firms to become non-profits, according to a Bloomberg report that hit shares in the sector, including New York-listed TAL Education Group (NYSE:TAL) and Gaotu Techedu Inc.

Some policymakers worry Chinese firms are systematically flouting U.S. rules, which require public companies to disclose to investors a range of potential risks to their businesses.

Eurozone: European Central Bank policy makers have acknowledged that their new push to boost inflation expectations could take quite a while to kick in, according to officials familiar with the discussions.

In its strategy review this month, when it raised its inflation goal and acknowledged that it might overshoot, the ECB’s Governing Council discussed the experience of the U.S. Federal Reserve, the officials said.

U.S. expectations — a critical signal of future price gains — were slow to move last August when the Fed adopted average inflation targeting and said it was willing to overshoot its 2% target. They only started to gather pace months later when the incoming Biden administration started to discuss a fiscal boost to the economy.

They accelerated again early this year when the Fed kept policy loose despite price growth jumping well above 2% on soaring demand. While expectations have eased since May as Fed officials started to broach the topic of tapering stimulus, they remain relatively robust.

Important Data: US Core Durable Goods Orders (MoM) (Jun) today at 8:30 this time estimated 0.8%, previously which was 0.3%. US CB Consumer Confidence (Jul) today at 10:00 this time estimated 123.9, previously which was 127.3. AUSTRALIA CPI (QoQ) (Q2) today at 21:30 this time estimated 0.7%, previously which was 0.6%. AUSTRALIA Assist Gov Debelle Speaks today at 8:35.

TECHNICAL SUMMARY

GBPUSD

Technical Analysis
Technical Analysis

TRADE SUGGESTION- BUY AT 1.38098, TAKE PROFIT AT 1.38526 AND STOP LOSS AT 1.37817

EURUSD

Technical Analysis
Technical Analysis

TRADE SUGGESTION- SELL AT 1.17852, TAKE PROFIT AT 1.17674 AND STOP LOSS AT 1.18094

EURGBP

Technical Analysis
Technical Analysis

TRADE SUGGESTION- SELL AT 0.85321, TAKE PROFIT AT 0.85209 AND STOP LOSS AT 0.85470

EURJPY

Technical Analysis
Technical Analysis

TRADE SUGGESTION- SELL AT 129.791, TAKE PROFIT AT 129.642 AND STOP LOSS AT 130.018

NASDAQ 100

Technical Analysis
Technical Analysis

TRADE SUGGESTION- BUY AT 15076.74 TAKE PROFIT AT 15103.54 AND STOP LOSS AT 15061.24

WTI CRUDE OIL

Technical Analysis
Technical Analysis

TRADE SUGGESTION- SELL AT 71.66 TAKE PROFIT AT 71.19 AND STOP LOSS AT 72.36

GOLD

Technical Analysis
Technical Analysis

TRADE SUGGESTION- SELL AT 1795.64, TAKE PROFIT AT 1789.54 AND STOP AT 1808.92

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