Thursday, October 22, 2020

23 October 2020 Foreign

           FUTURESCOIN IS GOING                       GLOBAL


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


Shares on Wall Street ended higher on Thursday in choppy trading, as investors cheered the prospect of more fiscal stimulus to support a pandemic-damaged U.S. economy, with more data pointing to a slowing labor market recovery.

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

Plan A : Attempt buy if market supported firmly above 28191. Targets are 28338 and 28466.

Plan B : Consider sell only if market fails to support above 28191. Targets are 28025 and 27896.



E-Mini S&P 500

Stocks rose on Thursday as traders weighed House Speaker Nancy Pelosi’s latest remarks on the U.S. fiscal stimulus negotiations.

The Dow closed 152.84 points higher, or 0.5%, at 28,363.66. Earlier in the day, the Dow fell as much as 170 points. The S&P 500 gained 0.5% to close at 3,453.49 and the Nasdaq Composite climbed 0.2% to 11,506.01.

Banks led the gains on Thursday as the 10-year Treasury yield hit a four-month high. JPMorgan Chase and Morgan Stanley popped 3.5% and 2.8%, respectively. Citigroup advanced 2.2%.

Coca-Cola rose more than 1% after the company reported a stronger-than-forecast profit for the previous quarter. CSX and AT&T also traded higher on the back of better-than-expected earnings.

On the data front, the Labor Department said weekly jobless claims fell to 787,000 for the week ending Oct. 17. It was the second time since March that claims came in below 800,000. Economists polled by Dow Jones expected first-time applicants for state unemployment insurance to have totaled 875,000.

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

Plan A : Long if market doesn't retrace much and supported firm above 3437. Targets are 3453, 3468 and 3489.

Plan B : Short if market failed to support above 3437. Targets are 3410, 3385 and 3359.



E-Mini Nasdaq

U.S. stock futures were little changed on Thursday night as Wall Street weighed the potential for additional fiscal stimulus, as well as news on the earnings and coronavirus treatment fronts.

Intel shares fell more than 9% in after-hours trading following the release of mixed quarterly numbers for the chip maker. The company’s earnings were in line with analyst expectations, but revenue from its data center business fell short of analyst estimates.

Thursday night’s slight moves came as President Donald Trump and former Vice President Joe Biden took part in the final presidential debate before the Nov. 3 election.

The Dow and S&P 500 each gained 0.5% during regular trading while the Nasdaq Composite advanced 0.2% after House Speaker Nancy Pelosi signaled she and Treasury Secretary Steven Mnuchin were making progress in their fiscal stimulus negotiations.

Traders have been keeping an eye on Washington in recent weeks as they gauge the prospects for new coronavirus aid to be pushed through. Several market experts and economists, including Federal Reserve Chairman Jerome Powell, think it is imperative that lawmakers reach a deal on another stimulus package.

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

Plan A : Long if market doesn't retrace much and supported firm above 11681. Targets are 11710, 11738 and 11765.

Plan B : Short if market failed to support above 11681. Targets are 11641, 11605 and 11558.



HSI

Hong Kong stocks ended marginally higher on Thursday, aided by gains in heavyweight financial firms.

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

Plan A : Attempt buy if market supported firmly above 24710. Targets are 24866 and 24949.


Plan B : Consider selling if market fails to breach above 24866. Targets are 24783 and 24681.



WTI Crude

Oil prices ticked up on Thursday but struggled to fully recover from the previous session's losses when a build in U.S. gasoline inventories signaled a deteriorating outlook for fuel demand as coronavirus cases soar.

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

Plan A : Attempt sell if oil price trades below 40.6. Targets are 39.9 and 38.7

Plan B : Consider long only if oil price test support at 39.9 and rebound. Targets are 40.5 and 41.2



Gold

Gold retreated 1% to near $1,900 an ounce on Thursday on better-than-expected U.S. jobs data, with appeal of the metal further weighed down by a stronger dollar and doubts over a U.S. stimulus package before the presidential election.

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

Plan A : Short if gold price falls below 1910. Targets are 1893 and 1885.

Plan B : Consider buy only if gold price holds resiliently above 1910. Targets are 1923 and 1935.

 

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...