Crude, Gold, HSI, Dow, S&P 500 and Nasdaq
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E-Mini Dow
The central bank has expressed concern about wage growth and underlying pricing pressure, stating that merely returning inflation to goal will not trigger interest rate reductions.
According to data released on Wednesday, annual consumer price inflation in May decreased to 2% from 2.3% in April. However, services price inflation, which the Bank of England believes provides a more accurate picture of medium-term inflation risk, exceeded predictions at 5.7%.
Plan A: Short positions may be opened below 39263. Targets at 39177/39108 and stop-loss at 39364
Plan B: Consider long position may be opened above 39364. Targets at 39400/39500 and stop loss at 39166
E-Mini S&P 500
The US500 CFD rose to 5497.00 Index Points, the highest level ever.
The United States Stock Market Index (US500) rose 3.28 percent over the last four weeks and 25.89 percent over the previous twelve months..
Plan A: Long if market supported firm above 5564. Targets at 5589/5602 and stop-loss at 5555
Plan B: Short if market failed to support 5557. Targets at 5546/5534 and stop loss at 5565
E-Mini Nasdaq
AFollowing weaker-than-anticipated U.S. retail sales figures, Wall Street was expected to begin flat on Tuesday. Later in the day, attention will be focused on remarks made by several Federal Reserve members.
According to the Census Bureau of the Commerce Department, U.S. retail sales increased by 0.1% last month. Retail sales, which consist primarily of products and are not inflation-adjusted, were predicted by economists surveyed by Reuters to increase by 0.3% in May.
Plan A: Long if market retraced but supported firm 20249. Targets at 20341/20412 and stop-loss at 20200
Plan B: Short if market fall below 20180. Targets at 20125/20054 and stop loss at 20283
HSI
The People's Bank of China's decision to maintain its loan prime rates unmodified caused investor sentiment to wane, and Hong Kong stocks erased yesterday's gains by closing the market on Thursday.
At 18,335 the Hang Seng Index dropped 0.5%, or 95.1 points. Additionally, the Hang Seng China Enterprises Index dropped by 31.7 points, or 0.5%, to 6,556.
According to a South China Morning Post story published on Thursday, the People's Bank of China's one-year loan prime rate (LPR), which serves as the benchmark for the majority of loans, and five-year LPR, which is used for mortgages, are still unchanged at 3.45% and 3.95%, respectively.
Plan A: Consider long only if the market stays above 18117. Target at 18626/18825 and stop-loss at 18064
Plan B: Remain short if the market stays below 18160. Targets at 18062/17800 and stop loss at 18297
WTI Crude
Due to a U.S. holiday, Wednesday's low-volume trading session did not affect oil prices much. This is because mood is still supported by predictions of a tighter market balance during the summer and ongoing geopolitical worries. In order to gain insight into the speed of demand from key consumers, traders are awaiting official data on U.S. inventories from the Energy Information Administration, which was postponed due to the Juneteenth holiday by one day and is currently scheduled for later on Thursday.
Plan A: Remain short as long as oil price stays below 79.81. Targets at 78.56/77.96 and stop loss at 80.37
Plan B: Consider long only if oil price stays above 80.55. Targets at 81.32/81.92 and stop-loss at 79.95
Gold
Owing to a U.S. vacation and forecasts of a tighter market balance during the summer, as well as ongoing geopolitical uncertainties, oil prices are largely stable following a low-volume trading session on Wednesday. For information on the rate of demand from the main consumers, traders are awaiting official data on U.S. stocks from the Energy Information Administration, which was postponed until later on Thursday due to the Juneteenth holiday.
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Plan A: Remain short as long as gold price stays below 2338. Targets at 2328/2310 and stop-loss at 2347.5
Plan B: Attempts long only if gold price stays above 2345. Targets at 2366/2370 and stop loss at 2328
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.
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