Fundamental news and macroeconomic news to watch out for week 14 to 18th June 2021.

This week is preoccupied by fundamental analysis scenario kind of market trend moving news that is meant to affect many currencies for Forex Traders and Equities and Commodities. The following highlight of event are key for a trader who understands how to undertake fundamental and technical analysis. 

Three things we learned last week The S&P 500 reached a new all-time high after CPI figures spiked more than expected. The headline CPI rose by 5% year-on-year in May, driving US bond yields to three-month lows – CPI figures are sitting at the highest point since August 2008 amid low base effects from 2020. The European Central Bank (ECB) left its key rates steady, and the PEPP is expected to continue increasing at a higher pace until the end of March 2022. The Canadian dollar hits its 6-year high after the Central Bank of Canada decided to reduce its asset purchase programs, however last week the central bank held its interest rate unchanged. The loonie is one of the top-performing currency this year due to surging commodity prices, specifically in oil.

For your diary  Monday, June 14th  Japan Revised Industrial Production Euro Area Industrial Production Canada Manufacturing Sales BOE Gov Bailey Speaks   Tuesday, June 15th Australia Monetary Policy Meeting Minutes UK Average Earnings Index 3m/y UK Unemployment Rate BOE Gov Bailey Speaks US Core Retail Sales US PPI m/m US Empire State Manufacturing Index US Industrial Production New Zealand GDT Price Index   Wednesday, June 16th   China Industrial Production China Retail Sales UK CPI y/y Canada CPI m/m US Crude Oil Inventories FOMC Economic Projections US Federal Funds Rate New Zealand GDP  Thursday, June 17th RBA Gov Lowe Speaks Australia Employment Change Australia Unemployment Rate  SNB Monetary Policy Assessment  SNB POlicy Rate  US Philly Fed Manufacturing Index  US Unemployment Claims    Friday, June 18th  BOJ Monetary Policy Statement BOJ Policy Rate UK Retail Sales Euro Area ECOFIN Meetings

 Earnings Forecast week 14th - 18th June 

Listed below are our top picks for next week’s earnings:

 

• Monday, 14th June: PlugPower
• Wednesday, 16th June: AO
• Thursday, 17th June: Adobe and Kroger
• Friday, 18th  June: Carnival and Fitbit

 

Corporate action ahead

Here are this week’s big dividend announcements, with their forecasts:

• Monday: American International Group Inc with cash dividends of $0.32
• Monday: Coca-Cola Co/The  with cash dividends of $0.42
• Monday: Merck & Co Inc with cash dividends of $0.65
• Monday: Gilead Sciences Inc with cash dividends of $0.71
• Thursday: Taiwan Semiconductor Manufacturing Ltd  with cash dividends of $0.45
• Friday: UnitedHealth Group Inc with cash dividends of $1.45

 

 

Stocks rally, US dollar rebounds, Fed in focus

 

Equity markets had a positive run last week. The FTSE hit its highest level in one month and the S&P 500 registered a record close. The recovery story is not only helping equities, but also assisting oil – which set a new two-year high. On Friday, the US dollar hit a one-week high, which dented the EURUSD and GBPUSD. Gold suffered too because of the rally in the US dollar.

The Fed meeting on Wednesday will be the highlight of the week ahead. Recently, the Fed have stated they will not look to tighten their extremely loose monetary policy until their economic targets have been achieved. Last week, the jobless claims reading fell to its lowest level since the pandemic, which is encouraging but with an unemployment rate of 5.8%, it is still greatly higher than the pre-pandemic level of 3.5%.

The latest CPI reading jumped to 5%, but it is likely the Fed will reiterate its view that inflationary pressure will only be ‘transitory’. On the other hand, should the Fed say the US is rebounding at a faster rate than expected, that could ramp up the dollar and hurt stocks.

 Traders will get a good indication of demand in the US as the retail sales reading is due to be released. UK data will also be in focus as the latest CPI and retail sales updates will be announced too. The pound Sterling has been strong lately as many restrictions in the UK have been lifted thanks to Britain’s great vaccination scheme.

Trading Analysis for EUR/USD

ECB head K. Lagarde said in an interview with Politico that it is too early to discuss the end of the bond-buying program within the framework of the PEPP anti-crisis program.

Our Analysis:

While the price is above 1.1980, follow the recommendations below:

• Time frame: D1
• Recommendation: long position
• Entry point: 1.2098
• Take Profit 1: 1.2265
• Take Profit 2: 1.2350

Alternative scenario:

If the level 1.1980 is broken-down, follow the recommendations below:

• Time frame: D1
• Recommendation: short position
• Entry point: 1.1980
• Take Profit 1: 1.1880
• Take Profit 2: 1.1775

Trading Analysis for GBP/USD

Goldman Sachs analysts believe the Fed will not yet signal an imminent unwinding at this week's monetary policy meeting (June 15).

Our Analysis:

While the price is above 1.3970, follow the recommendations below:

• Time frame: D1
• Recommendation: long position
• Entry point: 1.4116
• Take Profit 1: 1.4240
• Take Profit 2: 1.4380

Alternative scenario:

If the level 1.3970 is broken-down, follow the recommendations below:

• Time frame: D1
• Recommendation: short position
• Entry point: 1.3970
• Take Profit 1: 1.3800
• Take Profit 2: 1.3670

Please do your analysis too, then confirm with our recommendation for this is not a trading signal.

Use our credited brokers for your investing activities. 

• Orbex.com
  
• FX Primus.com
  
• Grand Capital
  
• SuperForex
  
• FBS
  
• MogaFx
  
• IQ Options
  

To those who are starting or would wish to know how to trade, please check on the right side of this article and download the pdf books for free to kick start your investing careers.

Thank you for reading this article, we value presence. 

Have a wonderful and profitable week days ahead. 

Lockdowns opportunity to create income by Investing in Financial or Capital Markets.

The COVID-19 pandemic has caused many families to experience hardship due to frequent lockdowns by the governments in various countries in order to reduce the spread of the viruses that have resulted to deaths. Life has never been the same again in the midst of the pandemic where many people have lost their jobs, been hospitalized, are desperate for new financial avenues and extra extra. You may have lost hope after being retrenched from your occupation but I am here to shine light in your struggles. What ever I am going to share with you is not a get rich quick system but is a steady income generating gateway for long term wealth creation. This is investing in Capital Markets like how Warren Buffet has been doing for the past 50 years in his effort to acquire his wealth in long term time period. 

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To be a retail investor just like those who pulled the GameStop investing event, right the few requirements you need are 

A SMARTPHONE OR COMPUTER OR LAPTOP.

INTERNET ACCESS.

WILLING TO LEARN HOW TO TO PLACE A TRADE AND WHEN TO PLACE IT.

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LEARNING THE DYNAMICS OF THE MARKETS 

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As an investor you will need to practice the following;

1. Invest your funds wisely- You are required to choose a broker that has been providing their services after a long period especially 5 to 30+ years in this business of capital markets. Having a good broker is wise for safeguarding your funds from AMATUER brokers who can close shop and disappear with your funds. Investing wisely will also entail developing a good habit of money management skills, diversifying your trades, not overleveraging your positions in one trade and having discipline. I will tell you for free, investing is an infinite game where you are looking forward to be consistent with profit generation for long term gains your journey of becoming wealthy. 
2. Understand Risk and Reward ratios- Every investing decision in this field is accompanied by risk which will reward you with profits or losses. Profits are revenues that can ensure you earn income while losses are the opposite. Being an investor who is looking to the future, you should limit greed, fear and emotions when trading in this market. Be satisfied by consistent gains that are like compound interest which we investors attribute to it as the eighth wonder of this world. A calculated risk will reward you while vice versa will punish you by wiping out your funds.   
3. The trend is your friend; To successfully place a winning trade, you need to analyze where the direction and magnitude that the trend may cover or move. Think of a trend like a plane taking off or landing to the runway. A BULLISH TREND is the trend that is rising up due to price of a commodity or financial investment instrument sharply or steadily rising up just as a plane takes off from the runway and rising into the air to new high altitudes. On the hand, we have the BEARISH TREND which is a dropping trend due to price of commodities sharply or steadily falling just as plane will land on a running after flying. To learn more about trends please click the links attached here bullish trends and bearish trends. 
4. Finally maintain Consistency; Consistency is like driving a car where you have to main a particular speed to avoid accidents, malfunctioning of car parts, enjoy your ride and travel safely to destinations. By being a consistent profit maker investor, you will eventually make more money in the long hence becoming wealthy. The goal of any investor is to maintain consistency in their results to ensure that they remain in the game for long, with positive gains and profits on their portfolio balance sheets. You are here to be wealthy in the long run not get rich quick in the a short period therefore patience is virtue to all successful investor.

To wrap up, investing is good for all, be encouraged to try it out because may be it is your wildcard to success in your life. You deserve better, you deserve the finest amenities that life can offer, you are build for this. Now take a leap of faith to try it. 

Here we shall offer you more by giving you links to some of the best brokers in this business. Therefore, just go forward and choose all of them. Create an account, then the customer care will call you to guide on way forward. 

• ORBEX.COM
  
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• Grand Capital
  
• Super Forex
  
• IQ Options
  
• FBS

Welcome to investing. Best of regards. 

For any consultation please free to leave a comment in the box below. 

The Smart Investor.

 

FINANCIAL MARKETS OUTLOOK FOR 21/04/2021 to 26/04/2021 (Forex signals, Cryptocurrencies and Precious Metals futures)

 Welcome to another edition of financial markets analysis basing on support and resistance levels together with other indicators where applicable. 

Financial markets this week might be driven by both technical analysis expectations and fundamental analysis of macroeconomic contributions. Therefore, while using these signals you are advised to due your extra researches before placing your positions. 

A calculated risk is rewarding to the investor therefore be smart to calculate your risks before being rewarded. 

We begin with fundamental analysis which can be accessed by you clicking the ECONOMIC CALENDER where you will get an overview of upcoming Geopolitics events that might contribute to high or low volatility on Forex based CFDs and other financial instruments. 

In technical analysis we shall discuss a few Forex Quotes on how we shall trade in this week. 

THE EUR/USD

We shall be on the look out for the following in a BULL OR UPTREND MARKET SCENARIOS. 

Pivot= 1.19500

R1=1.20300

R2=1.20750

R3=1.21550 which shall cause a reversal to bearish mode.

On the flipside, if a reversal triggered and breaks below Pivot= 1.19500 then we shall a BEARISH OR DOWNTREND MARKET SCANARIOS

It shall move towards 

S1=1.19016

S2=1.18160

S3=1.17760 which shall cause a reversal to bullish mode.

THE GBP/USD

The pound has enjoyed bullish trend on Monday for the Europe trading hours after gaining 800 + points. The weekly pivot point will be at 1.38000 but the market has already rallied above it hence it is heading to the following bullish trend levels.

R1=1.39000

R2=1.39570

R3=1.40800 which may trigger a reversal to bearish trend

Again, if a reversal was to happen in the current bullish market at 1.39000 and drop below 1.38000, then we shall expect to see GBP/USD come to low support levels like 

S1=1.37100

S2=1.36092

S3=1.35526 which shall trigger a bullish market reversal. 

GOLD

Gold has rallied in uptrend since three ago before the writing article, currently it is at $1790 we continue to anticipate more buying pressure that may drive this asset up to the following levels. 

Today and the entire week expected bullish trend for gold may be a rally towards 

 R1 at 1799.80, 

then proceed to R2 at 1821.00 where it can consolidate or face minor reversals before proceeding to

 R3 at 1857.90. 

Again on the flipside if it drops to my pivot point P at 1760, we should accept to drop further to S1 at 1736.98 and proceed to S2 at 1702 and further to R3=1668 before reversing to bullish trend. 

If you don't have a trading account then feel free to use the recommended brokers below. 

1. Orbex FX
   
2. FX Primus
   
3. SuperForex

Have a nice investing week ahead, comment where you need assistance or to express your views. 

Manage your risk cautiously and do not over risk your equity or funds.

Finally diversify your risks or investments. 

Best of Regards.

The Smart Investor.

Smart Investor

  

 

FOREX OUTLOOK FOR 4TH APRIL 2021

 EURUSD Short Term: Downside favored

Time: 05-04-2021 04:30:0

Pivot: 1.1860

Technical View: Short position below 1.186. Target 1.17. Conversely, break above 1.186, to open 1.19.

Comments: The pair remains under pressure. Further weakness favored.

Key levels

1.1940

1.1900

1.1860

1.1770 Last Price

1.1700

1.1650

1.1600

GBPUSD Near Term: Upside favored

Time: 05-04-2021 04:00

Pivot: 1.3780

Technical View: Long position above 1.378. Target 1.388. Conversely, break below 1.378, to open 1.374.

Comments: The pair faces corrective pullback before fresh rally.

Key levels

1.3960

1.3920

1.3880

1.3836 Last Price

1.3780

1.3740

1.3700

USDJPY Near Term: Upside favored

Time: 05-04-2021 04:35:00

Pivot: 110.40

Technical View: Long position above 110.4. Target 111. Conversely, break below 110.4, to open 110.2.

Comments: The pair remains supported. Further advance favored.

Key levels

111.40

111.20

111.00

110.56 Last Price

110.40

110.20

110.00

GBPJPY Near Term: Upside favored

Time: 05-04-2021 04:37:00

Pivot: 152.00

Technical View: Long position above 152. Target 153.5. Conversely, break below 152, to open 151.5.

Comments: The pair remains supported. Further advance favored.

Key levels

154.50

154.00

153.50

152.99 Last Price

152.00

151.50

151.00

Recommended brokers for trading with please consider the following. 

1. FXTM 
2. Orbex.com
   
3. FXPrimus 
   
4. SuperForex

Trade online carefully, don't over leverage your positions, invest in forex with care, less greed and courage. 

STAY SAFE AND TRADE SMARTLY.

BEST OF REGARDS  

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A Forex Market Overview

Finally you can read the forex market overview for extra insights about forex trading and healthy habits to practice in your investing starting towards your brighter future.

This is not a get rich scheme, investing requires patience, strategic planning, strategic forecasting and placing positions that will result to profits. Money management skills, discipline and using both technical and fundamental analysis is the key to success. 

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To those who are still starting, we shall give you a practicing account called DEMO ACCOUNT FOR TRAINING PURPOSES. 

WELCOME ON BOARD. 

BEST OF REGARDS.

 

FORECAST FOR EUR/USD

Germany's consumer prices could exceed the ECB's target by the end of this year thanks to tax hikes, ECB Governing Council member and Bundesbank President Jens Weidmann said Friday. "The reduced VAT, which expired at the end of last year, and the greenhouse gas tax, which went into effect on January 1. From today's perspective, the agreed consumer price index (EU) in Germany should rise above 3% before the end of the year.

Our Analysis:

Provided that the currency pair is traded below 1.2060, follow the recommendations below:

• Time frame: 30 min
• Recommendation: short position
• Entry point: 1.2080
• Take Profit 1: 1.2100
• Take Profit 2: 1.2120

Alternative scenario:

In case of breakout of the level 1.2060, follow the recommendations below:

• Time frame: 30 min
• Recommendation: long position
• Entry point: 1.2060
• Take Profit 1: 1.2020
• Take Profit 2: 1.2000

The bad health of the US dollar

 The US dollar has seen some heavy fluctuation recently. Although it gained some strength here and there, mostly, it has been going weak against its main peers in the Forex market. Let’s observe how it behaved against the JPY, EUR, and GBP, and draw some key levels to aim at.

USD/JPY: downtrend over

This currency pais has been going downwards for the last eight months. Since May 2020 when it reached 110.00, it was being dragged by bears to eventually drop below 103.00. The last episode took place in December. By mid-January, the pair was already at the upside of the mid-term downtrend but it was too early to announce the trend change. In February, USD/JPY broke the resistance of 105.00 leaving the trend. Therefore, we have to discard the old trend and look for new horizons: if the USD becomes strong again, the entire distance to 110.00 is there for bulls to take over. However, be prepared that it won’t be an uptrend as straight as it was going downwards since summer. The softness of the USD is a more likely impact factor. Therefore, a large sideways trend above 103.00 is a very probable thing to happen.

GBP/USD: a steady uptrend

Against the GBP, the USD has seen little but losing value. The rise of GBP/USD has been going especially steadily since September 2020. The pair almost reached 1.39 and still looks pretty aggressive to the upside. As the weakness of the USD is most likely to stay, going up to 1.40 may not be an unreasonable expectation. However, noting the straight upward trajectory it has been in the last months, a cautious approach suggests there might be a local correction down to 1.36 to let bulls rest before they go for another victory.

EURUSD: bouncing upwards

With the EUR, the softness of the USD gives a similar layout but with a different tactical disposition. As EUR/USD has been going upwards, it reached 1.2350 at the beginning of January but bears dragged it down to 1.1950. Currently, the nearest resistance to look for is 1.22, and EUR/USD is very likely to reach it soon. In the mid-term, if the marked channel stays in power, 1.2350 will be crossed in the course of the coming bullish wave.