Friday 30 April 2021

Check out the news of the past 24 hours

 1️⃣ Yesterday's main news

 - GDP of the US in the first quarter increased by 6.4% compared to the previous quarter.

 - The Fed's overnight reverse repurchase demand hit its highest level in a year.

 - The US government issues a bond with a 0% yield for the first time in more than a year.

 - Global gold demand reached 815.7 tons in the first quarter.

 France confirmed the first new mutant coronavirus infection found in India.

 2️⃣ Notable facts and economic data today

 - The euro zone will publish the initial value of the first quarterly GDP annual rate, which is expected to record -2.0% and the previous value is -4.0%.

 - Tonight, the United States will announce the annual rate of the core PCE price index in March, which is expected to hit a record 1.8%.

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Gold comments on April 30, 2021

  ️In yesterday session, gold precious metal had a strong decline to around 1755 then rebounded to around 1775, closing the day with a bearish candle at around 1772.  Although the force of decline last night was quite strong, but the price has not yet broken down to close below 1765 so the buying force with this precious metal is still there.  In my opinion we will buy short around this price range today and wait for the selling point to drop with the precious metal Gold.

 - Considering the shorter time frame H4, we were very correct to stand out with this precious metal yesterday when there was a strong downside candle in the 1755 zone and follow me this candle.  Not to say many things, so the gold support price zone is still around 1765-1770.  We can establish a short position here with a safe take profit around 1780. So at this zone we will wait for the next signal of the precious metal Gold.

 - The yellow metal signal is only valid in the first 2 sessions today, entering the US session, we should stand out of the market because today is the end of the weekly and monthly candles, so there is a possibility that there will be profit-taking forces of the market.  Note that this information can be made in the precious metals market.


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Thursday 29 April 2021

COMBINATION OF FED'S REMARKS THAT NIGHT APRIL 29, 2021

  Federal Reserve Chairman Jerome Powell said: "It's not time to start talking about cuts yet."  "We will let the public know in advance."  "We had a great job report, but starting talking about the cuts isn't enough, we'll need to see more data."  This brought goldspot up by nearly 0.5%, trading at the end of session around $ 1781 / oz.


 ☘️With the central bank keeping interest rates close to zero, the financial market's focus is on the U.S. Treasury Department's $ 120 billion-monthly asset buying rate, and buying agencies.  Fed's mortgage-backed securities.  But the Fed chairman officially said that they will not slow down asset purchase until realizing "more significant progress" in the economic recovery process.


 ☘️In March, the US economy had the best job growth since August of last year, with 916,000 jobs created, significantly beating the previous expectation of around 652,000.


 ☘️ The head of central bank also spends a lot of time talking about inflation.  Powell once again reiterated, inflationary pressure may be temporary, and the Fed will be ready to act if something goes wrong, he said.  "The recent hikes are likely to have only a temporary impact on inflation."


 ☘️Added that it is unlikely that inflation will rise persistently while the labor market is in a serious decline.


 ☘️Powell also points to the major differences between the present and the 1960s and 1970s, when it comes to inflation: "We experience an unprecedented series of problems. These price pressures are related to the process.  reopening. This is not the same as inflation that is steadily increasing year on year, our target is 2% inflation. "  Thus, there are two main causes of temporary inflation in the short term: the fundamental effect, the transient effect, and congestion, which is a temporary blockage in the supply chain.


 ☘️Powell also doesn't forget to remind markets that the Fed knows its work and is ready to act if inflation moves beyond 2%.  "We have seen inflation below 2% in recent years, and have actively used our tools to get back to 2%. If we see inflation rising physically," he said.  we will use our tools to bring it down to 2%. But this is not what we expected "

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Comment on Gold on April 29, 2021

 📕 Comment on Gold on April 29, 2021:
Gold Signals



 ‼️ In yesterday's trading session, the world gold price dropped sharply to 1762 then went straight up to 1782. As stated in the morning when we continued to successfully long Gold, closed this session yesterday precious metals  This closed with a bullish "long leg" candlestick that pushed up around 1781. With a daily close with such bullish force there is nothing to change my view on Gold we wait.  prices fell and then continue to buy gold in today's trading session.

 - Switching to the H4 time frame, we can see that this precious metal is meeting the upper boundary of the previous sideways of Gold, which is around 1784. Here we can wait for Gold to adjust down to around 1775 to  continue to establish long status with Gold.  Today we will just wait for a long time to buy, not sell.  Our safe target with the Golden Dragon status is 1785-1790.  If you break 1790, then the possibility of 1800 will be the next target of this precious metal.


Wednesday 28 April 2021

Comment on Gold on 04/28/2021

 ‼️ ️In the session yesterday, the world gold price still fluctuated in a range of 1773-1785.  Closing the day with a bearish candlestick around 1776. Although closing the day with a bearish candle, as I updated yesterday afternoon it is time to accumulate sideways gold.  Therefore, buying gold in today's trading session is still prioritized.


 - Moving to the shorter term H4 we can see this precious metal is moving towards the support zone of 1770 pushing the precious metal back up during the day, In my opinion we can set up.  Buy position with the precious metal Gold at around this price level.  Our safe target is up to the zone 1785-1790.

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Technical Analysis on Gold/Xauusd

 📕 Comment on Gold on 04/28/2021:



 ‼ ️In the session yesterday, the world gold price still fluctuated in a range of 1773-1785.  Closing the day with a bearish candlestick around 1776. Although closing the day with a bearish candle, as I updated yesterday afternoon it is time to accumulate sideways gold.  Therefore, buying gold in today's trading session is still prioritized.

 - Moving to the shorter term H4 we can see this precious metal is moving towards the support zone of 1770 pushing the precious metal back up during the day, In my opinion we can set up.  Buy position with the precious metal Gold at around this price level.  Our safe target is up to the zone 1785-1790.

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Tuesday 27 April 2021

Comment on Gold on 04/27/2021

  ‼️ ️ End of session yesterday, gold precious metal had 1 day of increasing as expected from 1768 to 1783 ($ 15) closed the daily candle with a bullish candle again after 2 previous falling days.  .  With the falling gold did not break through the 1768 price zone yesterday and rebounded so in my opinion this momentum will be maintained in the beginning of today's session.

- Considering the shorter time frame H4 we can see a short term resistance zone at 1785 but in my opinion the precious metal Gold will soon surpass this resistance to move to higher levels.  The safe target of this uptrend will be around 1790 and beyond being able to retest the "old peak" of 1795 in today's session.  The support zone pushed up precious metal price during the day is still around 1770-1775.

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Monday 26 April 2021

Important news and events happening today

 + Check out the news of the past week:


 1️⃣ The main news over the weekend

 - New cases confirmed in India break a record one day for four consecutive days.

 The Republican Party of the United States considers an infrastructure bill of $ 800-900 billion.

 - The US Department of Health announces the continued use of the Johnson & Johnson vaccine.

 - Immunization of the United States "enters a new phase".

 Brazil's new April death toll hit its highest level since the outbreak.

 - The Central Bank of Russia unexpectedly raised its key interest rate to 5%.

 - New York City government sued a number of oil companies.

 BlackRock, the world's largest asset management company, hits new highs.

 2️⃣ Notable facts and economic data today

 On Tuesday, the Bank of Japan will announce its interest rate decision, and the market hopes the central bank will keep interest rates unchanged.

 On Wednesday, US President Biden spoke to a joint meeting of the two houses of Congress.  At the same time, the 16th OPEC and non-OPEC ministerial meeting will also be held on Wednesday. The epidemic is showing signs of getting worse, investors should pay attention to whether OPEC + member countries are real.  currently adjusts crude oil production or not.

 - On Thursday, the Federal Reserve will announce a decision on interest rates, and the interest rate level is expected to remain unchanged.  Investors are mainly concerned with the Fed's attitude towards monetary policy tightening and Powell's speech to see if there is a "clue" on debt tightening.

 - On Thursday night, investors should also pay attention to the initial value of US GDP in the first quarter, which is expected to record 6.5%, much higher than the previous value of 4  , 3%.

 On Friday, the US will release the core PCE price index annual rate for March, which is expected to hit a record 1.8%, compared with the previous value of 1.4%.  .  In addition, the FOMC permanent voting committee and the New York Federal Reserve President Williams will host the program hosted by the Economic Club of New York on Friday.

 In addition, the Wall Street Journal citing FactSet data report that a total of 181 companies will announce their first quarter earnings this week.


Today Top Forex News by Money Life Research

 1️⃣ The main news over the weekend

 - New cases confirmed in India break a record one day for four consecutive days.

 The Republican Party of the United States considers an infrastructure bill of $ 800-900 billion.

 - The US Department of Health announces the continued use of the Johnson & Johnson vaccine.

 - Immunization of the United States "enters a new phase".

 Brazil's new April death toll hit its highest level since the outbreak.

 - The Central Bank of Russia unexpectedly raised its key interest rate to 5%.

 - New York City government sued a number of oil companies.

 BlackRock, the world's largest asset management company, hits new highs.

 2️⃣ Notable facts and economic data today

 On Tuesday, the Bank of Japan will announce its interest rate decision, and the market hopes the central bank will keep interest rates unchanged.

 On Wednesday, US President Biden spoke to a joint meeting of the two houses of Congress.  At the same time, the 16th OPEC and non-OPEC ministerial meeting will also be held on Wednesday. The epidemic is showing signs of getting worse, investors should pay attention to whether OPEC + member countries are real.  currently adjusts crude oil production or not.

 - On Thursday, the Federal Reserve will announce a decision on interest rates, and the interest rate level is expected to remain unchanged.  Investors are mainly concerned with the Fed's attitude towards monetary policy tightening and Powell's speech to see if there is a "clue" on debt tightening.

 - On Thursday night, investors should also pay attention to the initial value of US GDP in the first quarter, which is expected to record 6.5%, much higher than the previous value of 4  , 3%.

 On Friday, the US will release the core PCE price index annual rate for March, which is expected to hit a record 1.8%, compared with the previous value of 1.4%.  .  In addition, the FOMC permanent voting committee and the New York Federal Reserve President Williams will host the program hosted by the Economic Club of New York on Friday.

 In addition, the Wall Street Journal citing FactSet data report that a total of 181 companies will announce their first quarter earnings this week.

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Saturday 24 April 2021

How to Collect Profit Even When The KLSE Market is Down?

  If you are new to investing, it can be hard to find the best stock suitable for your needs. It is important to have all the tips and techniques that ultimately work in your favor so that you never lose your money in the KLSE Stock Market.

One of the important share market strategies is to invest in undervalued stocks. Undervalued stocks are the ones selling at a discounted price, relative to their intrinsic value. This strategy is called value investing where you invest in undervalued stock with the hope that the prices will rise to their appropriate intrinsic value.

These Bursa Stock picks will help you to generate good returns in the market. If you want to get a consistent and predictable return from the KLSE Stock Market, you will love this guide in which we have compiled some of the Best Performing Stocks.


Follow these Five KLSE Stock Picks of 2021:

#1. AmanahRaya REIT
#2. Focus Lumber Berhad
#4. Poh Huat Resources Holdings Berhad
#5. GDB Holdings Bhd

EUR/USD Rate Outlook Mired by Failed Attempts to Test March High

EUR/USD appears to be stuck in a narrow range as the European Central Bank (ECB) retains the current course for monetary policy, but the failed attempt to test the March high (1.2113) may push the exchange rate back within the descending channel from earlier this year as the Governing Council remains in no rush to switch gears.


EUR/USD seems to be unfazed by the ECB rate decision even though the Governing Council “expects purchases under the PEPP (pandemic emergency purchase programme) over the current quarter to continue to be conducted at a significantly higher pace than during the first months of the year,” and the exchange rate may continue to consolidate ahead of the Federal Reserve interest rate decision on April 28 as Chairman Jerome Powell and Co. are also expected to retain the current course for monetary policy.


As a result, the Federal Open Market Committee (FOMC) rate decision may do little to influence the near-term outlook for EUR/USD as Vice Chair Richard Clarida insists that “policy will not tighten solely because the unemployment rate has fallen below any particular econometric estimate of its long-run natural level,” and Fed officials may strike a dovish forward guidance throughout the first half of the year as the central bank plans to achieve above-target inflation.


More of the same from Chairman Powell and Co. may also generate a limited reaction in EUR/USD as the central bank sticks to the sidelines, but the exchange rate may make further attempts to break out of the downward trend from earlier this year as the crowding behavior from 2020 resurfaces.


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Friday 23 April 2021

Check out the news of the past 24 hours

  1️⃣ Yesterday's main news

 Biden's tax doubling plan, taxes capital income up to 43.4% on the rich.

 - European Central Bank maintains three main interest rates.

 - The US House of Representatives voted for the act to list Washington, D.C.  is the 51st state of the United States.

 Senate Republicans propose a $ 568 billion infrastructure plan.

 - The number of initial jobless claims in the United States last week continued to drop to its lowest level since March of last year.

 - CME increases WTI crude oil contract margin.

 The United States announced the first international climate finance plan in history.

 - OPEC + The meeting next week will take place as originally planned.

 2️⃣ Notable facts and economic data today

 - In early European session, initial values ​​of PMI production in Germany, France and Europe in September will be announced in a row.

 - The US will publish the initial values ​​of the Markit manufacturing and services PMI index in April.

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Gold Analysis for Traders by Money Life Research

 📕 Comment on Gold April 23, 2021:



 ‼ ️ At the end of last trading session, gold precious metal had a decrease from 1797 to 1777 (20 $) after touching MA20 on W1 week time frame, closing yesterday session at 1783 price range.  Selling appeared at around 1797 but after reaching around 1777 the price started to appear further buying pressure on the weekly chart. The buying force is still supporting the uptrend.

 - Moving to a shorter time frame than H4, we can see that the last 3 H4 trees are all withdrawal candles after touching 1777, proving that in the short term, there has been a lot of buying power to support the coin  direction of increase.  So in my opinion in the beginning of today's session we can make a buy position on this precious metal here.  The safe target will be around 1795. Here we can make liquidity and watch for sell signal with this precious metal.

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Gold Signals

Thursday 22 April 2021

Comment on Gold April 20

  ‼️ ️ At the end of yesterday's session, the world gold price had a 1-day decline from 1790 to 1766 ($ 24), closing the day with a bearish candle after strong gains.  This is also the necessary downward momentum for this precious metal to go to higher price ranges and in my opinion, after dropping its correction to 1766 last night, there are supportive forces to  pushing up this precious metal price during the day.


 - After hitting the strong resistance zone at 1790, gold price had corrections and in my opinion this is a downside to turn up because on the weekly chart, the trend is still in favor of buying, in addition to the continuous strong downward momentum.  of the USD index, this also supports the uptrend of Gold.

 - Considering on a shorter time frame than H4, the precious metal currently tends to decrease to around the old support zone of 1758-1763.  In my opinion, this is the support zone to push up the price of gold precious metal during the day.  Here we can establish a buy position on Gold precious metal with a safe profit-taking target around 1770-1775 at the beginning of today's session.

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Wednesday 21 April 2021

WEEKLY OVERVIEW ON Cryptocurrencies

 


Weekly changes: BTCUSD +4.34%


Coinbase's initial public offering captured the imagination of traders across the world this week as the regulated U.S. crypto exchange entered Nasdaq. The listing of Coinbase on a major US exchange had been seen as a major milestone for the cryptocurrency industry. Coinbase's share price spiked towards the 430 USD resistance level on the day of the IPO, a reserve listing price of 250 USD.


News that Turkey was moving to ban cryptocurrency payments hit bitcoin and the altcoin space this week, with the Turkish central bank implementing the ban on 30 April. Bitcoin peaked close to 64,894 USD this week and then fell back towards the 60,000 USD level on Turkey's bearish news.


KEY POINTS


The BTCUSD pair dropped sharply during the weekend. The pair is trading at 57,055 USD on the four-hour chart, which was the lowest it has been since March. As a result, the pair has moved below the 25-day and 15-day moving averages. The pair could try to rebound this week as bulls target the year-to-date high to close to 65,000 USD.


Governments are inspecting risks around the cryptocurrency market closely as the investor base widens. Turkey's central bank banned the use of cryptocurrencies as a form of payment from 30 April, saying the level of anonymity behind the digital tokens brings the risk of "non-recoverable" losses.

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Weekly Indices News For Trading

 Indices

MARKET VIEW



Weekly changes: SPX500 +1.64%


The United States posted another string of solid data points this week. Inflation, retail sales, and weekly jobs data all posted positive surprises. The United States Consumer Price Index inflation reading jumped to 9.1 per cent, marking the sharpest increase in nine years.


A bump to U.S. Retail Sales figures also complemented the strong CPI numbers, which showed a massive 9.8 per cent monthly increase. Weekly jobless claims also fell by nearly 200,000 from the previous week to a new pandemic low. The overall market reaction saw stocks surge and bond yields fall, although the U.S. dollar failed to follow through and remained under pressure.


KEY POINTS


Technology has been the top-performing SPX500 sector, while the extensive tech-related growth stocks such as Amazon Inc, Tesla Inc and Alphabet Inc have also charged higher. Technology stocks were outpaced by shares of banks, energy companies, and other economically sensitive sectors that have surged since breakthroughs in COVID-19 vaccines.


The earnings season will continue this week which impacts the global stock market. Some of the companies that will publish their results today are IBM, Coca-Cola, United Airlines, Steel Dynamics, and Prologis. Analysts expect that most of these firms will either report strong sales or boost their forward guidance because of the overall economic recovery.


Most traders are still bullish this year with the stimulus. The Fed is committed to being dovish with the economy reopening due to vaccinations and overall corporate earnings rising.

Tuesday 20 April 2021

WEEKLY MARKET OVERVIEW BY MONEY LIFE RESEARCH

 Weekly Changes : XAUUSD +2.08%


The XAUUSD finally broke through 1,770 USD due to the declines in the U.S. dollar, which helped spur a broad rally in raw materials.


Since December, gold headed for its best week amid a retreat in U.S. bond yields and news that China may import more of the precious metal one of the top buyers.


KEY POINTS


Gold is showing signs of breaking out of a plunge following three straight monthly losses. Prices rose above the 50-day moving average, a positive signal for traders who follow chart patterns.

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General analysis of DXY index (measuring USD strength) on April 20, 2021

 General analysis of DXY index (measuring USD strength) on April 20, 2021:





 - In yesterday's session, the DXY index had a strong decline day. The DXY index dropped from 91.72 to 91 points, and closed yesterday with a daily candle around 91 points.  Observation combined with my analysis of DXY yesterday, we can see that DXY could not complete the favorable VDV pattern but went straight down.

 - On the daily chart D1, we can see that the DXY index has broken the strong support zone around 91.3 points (this is also the neckline area of ​​the positive VDV pattern).  With DXY down sharply and there is no recovery like this, the DXY index is likely to always move to the next support zone of 90.2-90.6 points.

 - When the price falls to this price range, this is also the area that touches the trendline channel that lasted from the beginning of the year until now (January 6, 21).  Here in my opinion the downside momentum of the DXY index has weakened and there will appear buying pressure here.  So in the beginning of today's session we can sell short with USD eg USD / XXX and buy short with pairs with USD behind eg XXX / USD, XAU / USD, EURUSD

Monday 19 April 2021

Check out the news of the past week

  1️⃣ The main news over the weekend

 The United States has received more than 200 million doses of COVID-19 vaccine.

 - Fed Governor said "ready to let inflation exceed 2%".

 - Russia adamantly responded to US sanctions.

 - The Russian Ministry of Energy is ready to support export restrictions on petroleum products.

 - Saudi Arabia and Iran are said to be negotiating directly, but Saudi Arabia denies.

 2️⃣ Notable economic data and events today

 - The US Senate Occupation Committee will hold a hearing on an infrastructure plan on Tuesday.

 - This week will be the Fed silence.  You may have noticed the moves of other top central banks:

 - On Wednesday, the central bank of Canada's interest rate decision from April 21;  On the same day, Governor of the Bank of England Bailey delivered a keynote speech at the Bank of England online event.

 On Thursday, the European Central Bank announced its interest rate decision.

 - NYMEX New York crude oil price for the May term is affected by monthly changes.  The last transaction on the exchange will be completed at 3:30 am on April 21 and the last transaction on the e-commerce platform will be completed at 5:00 am on April 21st.  expiration of transaction location to control risk.  Also, the expiration time of some US oil contracts on some exchanges is usually a day earlier than the official NYMEX, so pay more attention.

 Not much data and economic events to be announced today are available today!

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Gold Technical Analysis on April 19, 2021

  

Gold Signals


‼ ️ At the end of last trading week, gold precious metal had strong growth rate from 1722 to 1785 (63 $) to close the week at 1776 price zone. With strong increase of gold precious metal in 2  At the end of the week, the resistance area over the past month at 1755 was officially broken, turning this price area into the support price zone of precious metals in this week's session.

 - Still considering the weekly chart (W1), at present, the precious metal Gold is facing a fairly strong resistance zone around 1785-1795 and in order to go up to the above high price range in my opinion, it is possible.  Gold will have to have a slight correction to around the threshold it broke last week around 1755 to be able to rebound.

 - In the beginning of the session today we think we can sell short around the 1785 price range. The safe target is 1762 and expect Gold to reach the 1745-1755 price zone.  Here we will consider buying this precious metal.




Friday 16 April 2021

Check out the forex news of the past 24 hours:

 


 1️⃣ Yesterday's main news

 - Risk aversion broke out and gold prices rose to 35 USD and at one point touched 1770 USD.

 - US Treasury bonds increased abnormally, yields fell to the lowest level in a month.

 - Biden signed an executive order imposing new sanctions on Russia.

 - New York Fed: Fed will "adjust as needed" to manage interest rates.

 - Daley Fed calls for reform of the US bond market.

 Republicans are preparing to make a $ 650 billion proposal on Biden's infrastructure plan.

 The United States found 5,800 people infected with new coronary pneumonia following vaccination.

 - Japan plummeted its holdings of US treasury bonds in February, and the demand for bonds in April may recover.

 - Germany and Japan plan to raise their economic outlooks.

 2️⃣ Notable facts and economic data today

 - China's first quarterly GDP rate of the year, announced today , is expected to increase to double digits.

 - today the final value and monthly rate of the Eurozone's annual CPI for March will be announced, and the market expectations will be the same as the previous value.  there.

 - At the next day, the total number of US oil rigs for the week to April 16. The expected market is 343. The US drilling company added oil rigs.  gas for the fourth consecutive week.

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Comment on Gold on April 16, 2021

Gold Signals

 📕 Comment on Gold on April 16, 2021:



 ‼ ️ End of trading yesterday, precious metal Gold had a strong rebound when from 1734 to 1769 ($ 35) broke the resistance zone of 1755 and closed the daily candle beyond this price zone at 1763. With the close  Yesterday candlestick broke through today's cumulative resistance, in my opinion this uptrend will continue in the early part of today's session.

 - Considering on the daily chart time frame, we can see that the uptrend of Gold is tending to move up to the next resistance zone of 1778-1782.  If in this Asian session, gold precious metal does not tend to correct, but goes straight to the above price range, it is likely that there will be a correction to gold at the 1778-1782 price range in my opinion here.

 - Case 2 if Gold declines and corrects to 1750-1755 in the beginning of today's session, we can establish a buy position around this level with the target of 1778-1782.  After the gold precious metal touches this price zone, we should consider a sell signal here.

Thursday 15 April 2021

Top Forex News by Money Life Research

  1️⃣ Inflation is not enough to motivate FED to act, the market leaves USD

 - The dollar weakened at the beginning of the European session on Wednesday, being pushed to a three-week low as bond yields fell after US inflation rose in March deemed not enough to change the Fed's mindset.  .

 Yields on 10-year US Treasury bonds fell to 1,620%, far from their peak of 1.78% at the end of March.

 The US consumer price index rose 0.6% on a monthly basis - the largest increase since August 2012, and up 2.6% - on a year-on-year basis.

 While these numbers are higher than the expectations of forecasts, there is a part of the market that expects inflation to intensify due to pent-up demand, massive fiscal stimulus, and immunization programs.  success.

 - Fed officials have also repeatedly stated that they will treat all price pressures in the short term as temporary and this CPI data does not put pressure on the Fed to think about easing loose monetary policies.  sneak.

 2️⃣ European Commission (EC) becomes the largest debt issuer

 The European Commission plans to borrow around 150 billion euros a year until 2026 to fund the bloc's unprecedented stimulus plan to digitize the economy and make it greener.  This makes them the biggest debt issuer in euros.

 - The amount in the EC economic plan has been agreed at 750 billion EUR in 2018 but now it has increased to about 807 billion EUR.

 - This amount is divided into 338 billion grant grants and 386 billion loans to 27 EU countries and the remainder goes to joint EU programs.  It will be delivered over the next five years with a third being spent on reducing CO2 emissions in 27 EU economies.

 3️⃣ Notable facts and economic data today

 - tonight the US will announce March retail sales and request unemployment benefits.

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Gold Technical Analaysis on 15th April

End of session yesterday, gold precious metal went as expected when it declined from 1749 to 1732 ($ 17) closed the daily candle around 1734. Down force almost occupied the previous uptrend.  and once again retest MA20 on daily chart timeframe.  As I have analyzed it recently, the daily candle is also moving sideways to accumulate, we will easily be fooled if we look at its bullish force.  In my opinion, when the world gold price stood below 1760, I still maintain the view of selling down with this precious metal.



 - In addition, the negative signal of the USD in the last 3 weeks has not been good, but the world gold price (XAUUSD) is still almost stationary without a strong rally, thus confirming the view.  this is more mine.  So in today's session we will continue to wait for sale of this precious metal around the threshold of 1740-1746.  The target is around 1732 and expect it to be 172x in today's session.

Wednesday 14 April 2021

Check out the news of the past 24 hours

 1️⃣ The main news yesterday

 - The US CPI is strongly increasing and inflation expectations are rising.

 - US suspends vaccines Johnson & Johnson.

 - The strong demand for US 30-year treasury bonds and direct contractors has increased significantly.

 - The price of electricity in Texas again increased due to the grid warning about the supply.

 Bank of England chief economist Haldane will resign soon.

 - OPEC monthly report enhances global crude demand growth forecast and production forecast.

 2️⃣ Notable facts and economic data today

 - today Reserve Bank of New Zealand announced its interest rate decision, the latest economic forecast will not be released, and the focus is on curbing long-term interest rate expectations.

 - today the IEA released its monthly crude market report, noting the expected difference between this report and the OPEC monthly report.

 - today the President of the European Central Bank Lagarde participated in the Q&A session.

 - today Fed Chairman Powell delivered a speech and the next day, the Fed published the Beige Economic Conditions Book.  Three officials including Fed Vice Chairman Clarida delivered their speech earlier at night.

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Cryptocurrencies Weekly Overview- Money Life Research




MARKET VIEW


Weekly changes: SPX500 +2.28%


The SPX500 closed above 4,100 due to stocks rising to another record as investors' concern over inflation waned and began focusing on prospects for an economic rebound. Another factor was the market weighing in on the U.S. Federal Reserve's vow to stay the course with its dovish monetary policy.


Minutes from the FOMC's last policy meeting showed board members felt the economy was still short of their target and repeated their accommodative monetary position.


KEY POINTS


U.S. companies will provide quarterly results a year after the coronavirus pandemic crippled the economy. The results will start next week, beginning with major banks. SPX500 earnings are expected to have risen 25% in the first quarter from a year ago, according to IBES data from Refinitiv. That would be the biggest quarterly gain since 2018.


The prospects of a return to full employment raise questions about whether the Fed can stick to its pledge to keep low-interest rates through 2023.


Most traders are still bullish this year with the stimulus. The Fed is committed to being dovish with the economy reopening due to vaccinations and overall corporate earnings rising.

Tuesday 13 April 2021

Weekly Overview on Oil

Oil

MARKET VIEW


Weekly changes: XBRUSD -3.02%


XBRUSD (Brent crude) fell to 62.64 USD per barrel upon rising supplies from major producers and concerns over a mixed picture on the pandemic's impact on fuel demand. Oil is suffering its worst week in the past three amid investors concerns that rising global coronavirus cases are slowing the economic recovery.


With OPEC and its allies planning to start raising output, markets are now focused on whether the demand recovery will be enough to absorb growing supplies.


KEY POINTS


Renewed lockdowns in Europe and problems with vaccination programs could threaten the oil demand picture.


Talks about returning Iran and the United States to the 2015 nuclear deal are making progress, returning to the oil market around two mln barrels a day. Nevertheless, Iranian officials indicated disagreement with Washington over which sanctions it must lift.

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Analysis of EURUSD currency pair on 13/4/2021

 In last week's session we saw the EURUSD pair had a strong 1 week from 1.1736 to 1.1926 and created together with the next 2 weeks a pair of bullish reversal candles in the short term.  For a trend to be called sustainable, it usually tends to go down and back to move up, and so in my opinion.  We will sell short and wait for a buying opportunity on this pair.

 - Switching to a shorter time frame rather than the daily chart, we can see that in the last 4 trading sessions the EURUSD pair is fluctuating in a narrow range from 1.1919 - 1.1870 combined with the above judgment, in my opinion.  The high potential from here on the EURUSD pair will have a slight downside correction.

 - The safe target of this correction is around 1.1865 and expected to be around 1.1846.  Here we liquidate the order and wait for the next buy signal.


 (Currently EU prices are 1.1890)




Monday 12 April 2021

Comment on Gold by Money Life Research

 ‼️ ️ Closing last week's trading session Gold precious metal had a week of increasing from 1721 to 1759 ($ 38) and closed the week at the price zone of 1743. With the close of the week with this bullish candle combined with  The next 2 candles next week Gold created a pair of short-term bullish reversal candles.  Therefore, in my opinion, the buy option will be given priority in the first sessions of this week.


 Judging from the D1 time frame, we can see that on the last Friday night, although Gold price had strong decline sessions, however, at the end of the session, there was a buying force and ended the daily candle with a candle.  Lower withdrawal, the closing price of the daily candlestick was still quite high at 1743.

 - At the beginning of today's session, in my opinion, we will prioritize buying when the price is good and expect the GOLD to correct to around 1732-1738 in order to establish a buy position.  The first target that precious metals need to conquer is around 1758-1760.  If you pass this price zone, the price zone of 1775 will be the next destination for the gold precious metal.

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Friday 9 April 2021

Market Overview on 9th April

 forex trading signal


1️⃣ Series about American - Chinese Straight:

 "The US Commerce Department said Thursday that it has added seven Chinese supercomputer entities to the US economic blacklist for supporting China's military efforts."

 2️⃣ Fed President - J. Powell's speech at the IMF Conference tonight:

 - "Federal Reserve Chairman Jerome Powell said on Thursday that an increase in spending as the US economy reopens, coupled with supply bottlenecks, is likely to push prices higher in this year, but will not lead to price increases year after year constituting inflation.

 - "We think there will be bullish pressure that can be passed on to consumers in the form of price increases - we think that is only temporary," said Powell at an International Monetary Fund event,  Note that inflation has been at a 25-year low, nurturing a sentiment of low inflation expectations.

 - “If inflation is sudden, contrary to our expectation, the move means above the level we are comfortable with - and especially inflation expectations ... if we see them moving continuous and essential on the level we are comfortable with, we will react to that. "

  => There are 2 main ideas: Price may rise but does not mean inflation, and as long as we see inflation above the 2% target and there is real pressure, we will see Fed action, otherwise, the interest rate will remain low Zero.

 3️⃣ Notable facts and economic data today

 - Tonight the US announced the PPI producer price index and Canada will announce the employment index in March.

Todays Top Gold News by Money Life Research

 ‼️ ️ At the end of yesterday's session, the world gold price had a day of strong increase from 1732 to 1758 ($ 26), closing the daily candle with a strong bullish candle, surpassing the previous 1745 price range.  In my opinion, this precious metal with such momentum will likely continue to be pushed up in the next sessions.

- Considering the overview on the weekly chart, we can see that this precious metal Gold from the previous week (the beginning of the month) until now has continuously increased and has not had a single day of correction, so in my opinion, it is likely to decrease.  The surprising point of this precious metal is entirely possible and a rapid decline of $ 10-20 is normal in this case, especially today the market is still at the weekend, so it is likely that there will be a profit-taking rhythm.  often.

 - Still, on the D1 daily chart time frame, we see the uptrend currently dominates but also facing a resistance zone around 1760-1762, adding to the possibility of a sudden correction as submitted.  So here I am still establishing a short position with this precious metal.  The target will remain around 1745. There will be liquidity and wait for a buy signal if any.

 - The resistance zone pushes the price of Gold down during the day around 1760-1762 and the price support of



this precious metal is from 1740-1745.

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Thursday 8 April 2021

Bursa Noon Market Report by Money Life Research

 Noon Market


Bursa ends morning session in positive territory


KUALA LUMPUR (April 8): Bursa Malaysia ended the morning session in positive territory on persistent buying support for heavyweight stocks, led by the healthcare counters.


At the lunch break, the FBM KLCI was 1.69 points better at 1,602.28 from yesterday’s close at 1,600.59.


The index opened 0.78 of a point easier at 1,599.81, and moved between 1,599.51 and 1,609.39 throughout the morning session.


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However, on the broader market, losers led gainers 519 versus 486, while 419 counters were unchanged, 732 untraded and 25 others suspended.


Total volume stood at 4.54 billion shares worth RM2.61 billion.


“The FBM KLCI is able to sustain above the 1,600 today, but sentiments remain tepid on the absence of any clear buying catalysts.


Singapore’s Straits Times Index edged up 0.05 per cent to 3,197.49, Japan’s Nikkei was 0.25 per cent easier at 29,747.46, Hong Kong’s Hang Seng was up by 0.83 per cent to 28,913.50, and South Korea’s Kospi fell 0.04 per cent to 3,136.49


Back home, heavyweights Maybank fell 18 sen to RM8.30, Public Bank shed two sen to RM4.20, Petronas Chemicals slipped 10 sen to RM7.85, Tenaga reduced four sen to RM10.22 and IHH Healthcare was down eight sen to RM5.32.

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Bursa opens easier but rebounds thereafter

 bursa malaysia stock tips


KUALA LUMPUR (April 8): Bursa Malaysia opened easier but rebounded thereafter today, attempting to extend yesterday’s gains, despite the flat overnight performance on Wall Street.



The US stock markets staged a modest recovery after the US Federal Reserve signals no changes to the current bond-buying program.


At 9.10am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) gained 2.02 points to 1,602.61 from Wednesday’s close of 1,600.59.


The index opened 0.78 of-a-point easier at 1,599.81.


“We believe the foreign buying support yesterday may continue to lift FBM KLCI members in the near term. Given the higher oil prices resulting from the recovery of global economy, coupled with the smooth ongoing COVID-19 vaccination, it should bring some optimism to the market.


“The key index may have a positive bias moves over the near term with the resistance envisaged along 1,615 to 1,635, while the support level is set at 1,565 to 1,575.


It added that sector-focus traders will still look out for the recovery-theme sector such as consumer, aviation, tourism, construction and property on the back of the ongoing vaccination plan on the local front.


Of the heavyweights, Public Bank gained three sen to RM4.25,  Petronas Chemicals added four sen to RM7.99,  while Maybank fell eight sen to RM8.40, Tenaga shed two sen to RM10.24, and IHH Healthcare was flat at RM5.31.


Among the active counters, Luster Industries and its warrant added one sen each to 24.5 sen and 14.5 sen, respectively, DGB Asia and Pasukhas Group edged up half- a-sen each to 6.5 sen and three sen, respectively, while Permaju was flat at 22 sen.


Sector-wise, the Industrial Products and Services Index edged up 0.24 of-a-point to 195.12, the Financial Services Index slipped 15.5 points to 15,363.71, while the Plantation Index went down 17.48 points to 7,060.43.

Wednesday 7 April 2021

Forex Top Market News by Money Life Research

  1️⃣ The market remains positive against the USD

 The dollar edged higher at the start of the European session Tuesday, as traders remained positive mainly due to strong signs of US economic growth and the impressive vaccine rollout.

 “Until Europe starts implementing fiscal stimulus and more importantly, accelerating the vaccination process (Europe has only 10% of its population vaccinated, in while in the US it is 29%, in the UK 45%), it is very difficult to counter the exceptional character of the dollar. ”

 2️⃣ Oil prices recovered

 - Oil prices rose on Tuesday, supported by strong economic data from China and the US, offset some losses from the previous session due to the impact of OPEC + supply increase and new Covid-19 infection at  India and EU increased.

 - Market attention is now on the US-Iran talks in Vienna aimed at reviving the 2015 nuclear deal between Tehran and world powers, possibly leading to Washington's lifting of orders.  sanctions on Iran's energy sector.

 - Goldman Sachs (NYSE: GS) said any potential recovery in Iran's oil exports would not be a shock to the market and a full recovery won't happen until the summer of next year.  2022.

 3️⃣ Notable facts and economic data today

 - 21:00 tonight, the FOMC 2021 voting committee and Chicago Fed President Evans will deliver a speech on the current economic situation and monetary policy.

 - At 10:30 pm tonight, the US will announce EIA crude oil inventories for the week ending on April 2 and is expected to record a 1.325 million barrel decrease.

 - Today, the President of the European Central Bank Lagarde, and the Executive Committee of the European Central Bank Panetta will participate in the online meeting of the Finance Minister and G20 Central Bank Governor, the specific time will be identified.

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Tuesday 6 April 2021

Today Top Forex News by Money Life Research

 USD 1️⃣ steady, investors wait for confirmation from new data

 - Dollar stabilized on Monday as investors reviewed strong US jobs report last week and waited for data on the country's services sector to confirm a solid economic recovery  Post-Covid-19.

 - The USD had its best quarter against major currencies for almost 3 years at the end of Q1, thanks to economic improvements and rising bond yields.

 - Last week's employment data showed that the US economy created more jobs than expected in March. However, there was very little reaction in the money market since most of the bond and stock markets.  Main ballots are closed during the Easter holiday season.

 USD short positions in money markets also fell to their lowest level since June of last year, according to Commodity Futures Commission data showed last week - another positive sign  against the greenback.

 2️⃣ BoJ considers issuing digital currency

 The Bank of Japan (BOJ) began researching the feasibility of issuing its own digital currency on Monday, alongside other central banks' efforts to keep pace with the strides.  in the private sector cryptocurrency.

 - BOJ said the first phase of trials will be carried out until March 2022, will focus on testing the technical feasibility of issuing, distributing, and buying back a currency.  Central bank digital currency (CBDC).

 The BOJ will then move on to the second phase of the experiment, which will scrutinize the functionality in more detail, such as whether or not to set a limit on the number of CBDCs that each entity can hold.

 3️⃣ The price of oil slipped as OPEC + increased production

 - Oil dropped to around $ 64 per barrel on Monday as increased supply from OPEC + and higher Iranian output offset signs of strong economic recovery in the United States and hope an increase in demand in the year 2021.

 The Organization of the Petroleum Exporting Countries and its allies, known as OPEC +, agreed on Thursday to increase their monthly output from May to July. Iran is also increasing their supplies.

 4️⃣ Today's notable facts and data

 - At 12:30 today, the Reserve Bank of Australia will announce a resolution on interest rates and is expected to keep interest rates unchanged.

 - At 20:30 tonight, the Spring 2021 meeting of the IMF / World Bank will publish the World Economic Outlook and Global Financial Stability Report.  European Central Bank President Lagarde, Executive Commissioner of the European Central Bank Panetta, and President Riksbank Inves will attend the IMF / World Bank spring meeting in 2021. The specific date will be identified.

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Gold Technical Updates By Money Life Research

 📕 Comment on Gold on April 6, 2021:

Gold Technical Analysis



 ‼ ️In the first trading session of the week yesterday, the world gold price did not change too much when it was moving in a range of 1721-1729.  Closing yesterday's session world gold price closed the day with a bearish Doji candle indicating that the strong buying effect of the previous 2 days is no longer maintained.  When the gold precious metal ended the day with this candle, it confirmed my short-selling point in my analysis yesterday morning.  Today I expect this precious metal to form a reversal candlestick pattern and decrease price to lower price range.

 On the H4 timeframe, we can see that the gold precious metal is leveling off the old resistance zone around 1730-1733.  This is the price zone where since mid-March it accumulates 9 days to penetrate downwards, so in my opinion, to break the 1730 price zone up, it takes recovery span to get up force in the near future.

 In my personal opinion, still maintain short-term selling to this precious metal around the current price zone. The safe target will remain around 1718-1720 and expect a deep recovery rather than 1710. Around this price range, we will look at the signal to establish a buy position on the precious metal Gold.

Monday 5 April 2021

Today's Gold Update

 ‼  Ending last week's session, gold precious metal closed the week with a very strong candlestick that covered all strong selling force at the beginning of last week. Along with that on the timeframe of the gold precious metals date chart, it has bounced up very strongly on the last 2 days of the week so in my opinion it is highly likely that this rally will continue this week.

- Considering on the H4 timeframe, we see that the precious metal Gold is about to hit the short-term trendline channel from March 18, 21 onwards as well as the resistance at 1730-1734, so I expect the price. Gold is likely to be adjusted after 2 days of the last weekend, increasing sharply. The first possibility that precious metals will recover around the 1718-1720 price range, but my expectation Gold can retrace further could be 1710. Around this price range is the ideal price range for us to establish a state buying with gold precious metal with a target of 174x over the next few days.

Gold Technical Analysis



Weekly Top Forex News

 1️⃣ The main news over the weekend

- Biden said the infrastructure plan is expected to create 19 million jobs in the United States.

- The USD appreciated after the 10-year US bond yield dropped rapidly to 1.68%, hitting the peak of 14 months last week.

- The US Dollar Index (DXY), which measures the fluctuations of the greenback with 6 key currencies (EUR, JPY, GBP, CAD, SEK, CHF).

- Moody's Analytics report shows that the US economy will add 16.3 million jobs thanks to natural job growth and the adoption of the US $ 1,900 billion COVID-19 bailout package. Thus, the president's new infrastructure plan will create about 2.6 million new jobs within 10 years.

- In Asia, the HSBC Banking Economic Research Division has just sent a report on the Asian economic outlook for the second quarter of 2020 with the statement: The Year of the Ox will show stronger economic vitality.

2️⃣ Notable economic events and data this week

- The Spring 2021 meeting of the International Monetary Fund (IMF) and the World Bank will be held online from April 5-11. Two major institutions will release "World Economic Prospects. "and" Global Financial Stability Report ", and there will be economic prospects, that can have an impact on the expected economic recovery.

- On the central bank side, the Federal Reserve will publish the minutes of the FOMC monetary policy meeting this week; The European Central Bank will also publish the minutes of its policy meeting from March 10 to 11.

Australia will announce the interest rate solution. Fed Chairman Powell will attend the International Monetary Fund and World Bank spring annual meetings. European Central Bank President Lagarde will participate in the online meeting of G20 Finance Ministers and Central Bank Governors.

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Friday 2 April 2021

EUR Q2 2021 Fundamental Forecast

 The key question for EUR/USD traders looking at the second quarter of 2021 is whether the steep decline in the pair in the first quarter will reverse in Q2, and the answer is quite possibly yes. The reasons for the Q1 drop have been well-rehearsed: the EU has been slower than both the US and the UK in vaccinating its people against the coronavirus. As a result, lockdowns will likely persist for longer in the EU, and the EU economy will therefore likely recover more slowly from the slump caused by the Covid-19 pandemic.

However, as the first quarter was ending, signs were beginning to emerge that the EU was taking steps to improve the vaccine rollout and repair damaged relations with countries like the UK to avoid a vaccine war. This is not to say that Euro strength can be expected all round; to the contrary falls can be expected against many other currencies.

However, EUR/USD has been exceptionally weak because of the US Dollar’s role as the safe haven of choice for most investors seeking to reduce their risk and that particular pair may therefore be due a recovery if risk appetite returns.

However, as the first quarter was ending, signs were beginning to emerge that the EU was taking steps to improve the vaccine rollout and repair damaged relations with countries like the UK to avoid a vaccine war. This is not to say that Euro strength can be expected all round; to the contrary falls can be expected against many other currencies.

However, EUR/USD has been exceptionally weak because of the US Dollar’s role as the safe haven of choice for most investors seeking to reduce their risk and that particular pair may therefore be due a recovery if risk appetite returns.

EURO WEAKNESS ELSEWHERE

This is all, of course, predicated on both a more optimistic market tone in Q2 and no third wave of virus infections in the EU. Moreover, EUR/USD is a special case because it has fallen so far on US Dollar buying. Against other currencies that have also dropped against the US Dollar, the Euro could well struggle as the perception persists that the EU is behind other countries in handling the pandemic and taking measures to ensure an economic recovery.

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Daily News : Market Will React on Top News

Money Life Research


1️⃣ USD is solid when the US economy is outperformed

- The dollar remained firm in early European trading on Thursday, close to a multi-month high on expectations of strong US economic growth, supported by more and over-fiscal stimulus Vaccine rollout is accelerating.

U.S. President Joe Biden announced his long-awaited $ 2 trillion infrastructure rebuild on Wednesday, which will be a new pump of money into the economy after the pack The US $ 1.9 trillion bailout was recently approved.

Wednesday's ADP report showed US private sector job payrolls increased by 517,000 positions last month, which is not a bad step ahead of the official US nonfarm payrolls today. American ants will add 650,000 jobs by March.

2️⃣ ECB commits to continue to support the economy

- ECB chief economist Philip Lane said: The rise in inflation in the euro area is due to temporary factors, the underlying trend is still weak, so the ECB needs to maintain support for the economy. .

- Inflation has steadily increased this year and is likely to exceed ECB's target by nearly 2% in the coming months, due to rising energy costs, rising taxes, household consumption likely to increase, and technical factors. technology related to pandemic shock.

Nominal and real yields have moved in the opposite direction in recent weeks, with nominal yields rising to pre-pandemic levels while real yields are trending to decline to their lowest levels earlier this year.

3️⃣ Today's notable facts and data

- At 20:30 the United States will announce the nonfarm employment population after the March seasonal adjustment. The expected value is 647,000, much higher than the previous value of 379,000. Markets are concerned that shortened US Treasury market times could cause the market to suddenly expand.

At 23:00, Fed Bostic will give a speech.

- Affected by Easter, the US stock exchanges, European countries, Australia and Hong Kong are all closed for one day. CME precious metals and US crude are suspended for all day, and ICE Brent crude contracts are suspended for the whole day. Foreign exchange contracts end before their expiration

Thursday 1 April 2021

Important Facts in News

 Yesterday's main news

- Biden officially announced giant infrastructure plans.
The number of ADP jobs in the United States rose by 517,000 in March, a record high since September last year.

2?? Today's notable facts and data

- At 19:00, the 15th OPEC and non-OPEC Oil Ministers Meeting is held, investors can continue to pay attention to the oil-producing countries' declaration of the cut. Quantity.

- At 20:30, the United States will publish the initial number of claims for unemployment benefits until March 27.

- Due to the Easter holiday, the total number of oil rigs in the United States for the week up to April 2 will be announced before 01:00 am on Friday.

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Gold Top News by Money Life Research

 In the new month, everyone with a drawdown monthly candle closed above the monthly chart, along with that on the daily chart time frame, after falling sharply to 1678, this precious metal formed the 2 pattern. bottom then go up. The session closed yesterday with a fairly strong bullish candle that took up most of the downward pressure of the yesterday's candle. So my personal opinion about precious metals is more and more affirmed as in today's 2 that we will continue to buy when prices return to the low range in the coming short term.

Considering on the short term frame rather than H4, we can see a very strong increase. If in this Asian session, gold price remains above 1705, it is likely that the price will go up without much correction, but if the price can adjust further to the 1696-1700 zone, this is the ideal price range for them. We increase the Buy status. With the next goal this precious metal needs to conquer is the price range 1720-1725 in today's session.

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