Wednesday, June 16, 2021

17 June 2021 Foreign

         WTI Crude, Gold, HSI, Dow,          S&P 500 and Nasdaq


If you like what we are doing, kindly like and share our page at FB. Follow us at FB for more updates.


Click here to contact us : https://goo.gl/B6Dccf 



E-Mini Dow


The three main Wall Street indexes all closed down on Wednesday, as U.S. Federal Reserve officials unnerved investors with indications that the central bank could begin rising interest rates in 2023, a year earlier than expected.

To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for June subscription.

Plan A : Remain short as long as market stays trading below 33928. Targets are 33800 and 33716.

Plan B : Consider buying only if market holds resiliently above 33716 and rebound. Targets are 33928 and 34015.



E-Mini S&P 500

U.S. stocks dropped Wednesday after the Federal Reserve raised its inflation expectations and moved up the time frame on when it will next hike interest rates.

The S&P 500 dipped 0.5% to 4,223.70, dragged down by utilities and consumer staples. The broad equity benchmark dropped as much as 1% in volatile trading as all 11 sectors fell into the red at one point. 

The policymaking Federal Open Market Committee indicated that rate hikes could come as soon as 2023, after signaling in March that it saw no increases until beyond that year.

The Fed also raised its headline inflation expectation to 3.4% for 2021, a full percentage point higher than the March projection, but the post-meeting statement continued to say that inflation pressures are “transitory.”

To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for June subscription.

Plan A : Short if market failed to support above 4199. Targets are 4173, 4145 and 4118.

Plan B : Long if market supported firm above 4199. Targets are 4214, 4231 and 4249.



E-Mini Nasdaq

Stock futures fell in early morning trading on Thursday after the Federal Reserve raised inflation expectations and forecast rate hikes as early as 2023.

The Nasdaq Composite dipped 0.2% to 14,039.68 after retreating 1.2% at its session low.

Markets rallied off their intraday lows after Fed Chair Jerome Powell said projections for future rate increases should be “taken with a big grain of salt” and reiterated that he believes that inflation is transitory.

Powell also did not issue guidance on when the central bank will begin tapering its bond-buying program.

Also on Wednesday China announced it will release industrial metals from its natural reserves to keep commodity prices in check.

To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for June subscription.

Plan A : Short if market failed to support above 13871. Targets are 13829, 13789 and 13744.

Plan B : Long if market supported firm above 13871. Targets are 13902, 13935 and 13968.


HSI

Hong Kong shares ended lower on Wednesday, as investors refrained from placing big bets ahead of U.S. Federal Reserve meeting outcome and after data showed that disruptions caused by COVID-19 outbreaks had eased growth in China's factory output.

To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for June subscription.

Plan A : Remain sell as long as market stays trading below 28488. Targets are 28366 and 28030.

Plan B : Consider long only if market supports above 28030 and rebound. Targets are 28366 and 28488.



WTI Crude

Oil prices rose for a fifth day on Wednesday, closing in on $75 a barrel as U.S. refiners drew more crude inventories to ramp up activity and meet recovering demand.

To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for June subscription.

Plan A : Remain buy as long as oil price trades firmly above 71.1. Targets are 71.9 and 72.8.

Plan B : Consider short if oil price surges but fails to breach above 71.9. Targets are 71.1 and 70.4.



Gold

Gold prices slipped over 1% on Wednesday after U.S. Federal Reserve officials brought forward projections for the first post-pandemic interest rate hikes into 2023.

To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for June subscription.


Plan A : Remain short as long as gold price stays below 1838.3. Targets are 1807.4 and 1794.8

Plan B : Consider long only if gold price supports resiliently above 1807.4 and rebound. Targets are 1819.2 and 1838.3




Disclaimer: This information is intended to assist professional investors. News are credit courtesy of Reuters, Nasdaq.com, Bloomberg, CNN, Market Watch, FT.com, the Star online, forbes.com, mining.com and CNBC. The information does not constitute investment advice or an offer to invest or to provide management services and is subject to correction, completion and amendment without notice.As with all investments, there are associated risks and you could lose money investing. Prior to making any investment, a prospective investor should consult with its own investment, accounting, legal and tax advisers to evaluate independently the risks, consequences and suitability of that investment.




No comments:

Post a Comment

29 April 2024 Foreign

                WTI Crude, Gold, HSI, Dow,  S&P 500 and Nasdaq If you like what we are doing, kindly like and share our page on FB. Foll...