Check out the news that happened in the last 24 hours

 1️⃣ Yesterday's main news

 - International oil prices continue to reach new 3-year highs.

 - U.S. monthly retail sales rate recorded a negative value in May.

 - The Fed's use of overnight reverse repurchases fell by the most since April 1.

 The White House's patience for bilateral negotiations on the infrastructure project is said to be nearing its limit.

 - The southwestern United States is facing a once-in-a-thousand-year drought crisis.

 - The US and Europe announced the suspension of retaliatory tariffs on the subsidy dispute between Airbus and Boeing.

 - EU launches bond issuance plan to finance recovery fund, raising 20 billion euros.

 2️⃣ Notable economic events and data today

 - the US will publish the EIA of crude oil inventories through the end of the week of June 11. API crude inventories announced early this morning recorded the fourth consecutive week of decline, in line with expectations, and the level  decrease is the largest.  since January. Crude WTI crude oil futures published in the After data were slightly higher.  Investors can pay attention to possible fluctuations in oil prices tonight.

 - Today, Russian President Putin and US President Biden held a summit.  According to reports, the summit will start on Wednesday. The Kremlin spokesman said the Putin-Biden summit will last 4-5 hours, during which there will be a break.  And change.  Format of the meeting.

 - tomorrow, the Federal Reserve will release interest rate resolutions, policy statements, and economic expectations.  Then, Fed Chairman Powell held a press conference.

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Check out the news that happened in the last 24 hours

 Yesterday's main news

 - Gold, after falling below the level of $ 1850, has risen sharply again.

 - Nasdaq and the S&P 500 index all set new closing highs.

 - The Fed's use of reverse repurchase instruments hit a record high for six consecutive days.

 - New York Fed survey: One-year average inflation expectations could reach an 8-year high.

 - US bipartisan senators reportedly will form infrastructure proposals by the end of the week

 - The UK epidemic control and prevention period has been postponed for 4 weeks.

 - The European Union begins to issue US$1 trillion in bonds.

 - US sanctions on Russian debt come into effect on the 14th.

 - Tudor Jones: Will purely bet on inflation trades.

 2️⃣ Notable economic events and data today

 - Regarding the central bank's dynamics, the Reserve Bank of Australia will release the minutes of its June monetary policy meeting today.  Additionally, today , Bank of England Governor Bailey will deliver a speech on the future of financial services.

 - About the main data, today, the monthly retail rate for May in the US, known as “terrorist” data, will be released.  The expected value is -0.8%, much lower than the previous value of 0%.  If the data is better than expected, it will be able to further support the US dollar and gold causing gold to fall.

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Check out the news that happened in the last 24 hours

 Yesterday's main news

 - US May CPI inflation data hits 13-year high, markets price Fed rate hike in 2023.

 - Former Iranian official lifted sanctions, oil prices fell sharply in the short term.

 - Bipartisan group of US senators reach agreement on tax-free infrastructure plan.

 - The Fed's balance sheet exceeds $8 trillion for the first time.

 Meat giant JBS pays $11 million in Bitcoin to solve hack.

 - The European Central Bank will significantly accelerate its bond purchases and watch the exchange rate go up.

 The Basel Committee listed Bitcoin as the highest risk category in the bank's capital proposal.

 2️⃣ Notable economic events and data today

 - Today the IEA will release its monthly crude oil market report.  Thursday's OPEC monthly report maintains the projected growth rate of global crude oil demand in 2021 at 5.95 million bpd and a recovery in oil demand in the second half  expected to be strong.

 - Today the Prime Minister of the UK and the Governor of the Central Bank attended the event.

 - The next day, the total number of US oil rigs for the week to June 11 will be announced.

 - The 46th G7 Summit will be held from 11-13 to discuss key issues such as corporate tax planning and vaccine financing.
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Weekly Market View on Cryptocurrencies

 MARKET VIEW

Weekly changes: BTCUSD +8.42%

On Thursday, 3 June, bitcoin prices rose again to 39,400 USD. Bitcoin's price began to rise after it fell to 33,300 USD on 30 May. Over the past week, the asset has increased by 8%. Bitcoin capitalization exceeded 730 USD billion, and its market share remained at 40%. The Wall Street Journal believes that the cryptocurrency market will greatly suffer since governments worldwide are planning to tighten the industry regulation, and traders are liquidating their positions in a panic.

Analysts of the consulting company Massari noted that the market drawdown caused by macroeconomic factors to which bitcoin is now tied. Experts said one of the reasons for correcting the overheating economy and the Fed's reaction was that investors were worried that instead of quantitative easing (Q.E.), the market is waiting for quantitative tightening (Q.T.).

KEY POINTS

According to the analytical service Sentiment, large cryptocurrency holders have returned to buying digital coins. The largest holders of bitcoin, whose addresses contain 100 to 100,000 digital coins, have added 50,000 bitcoins (1.8 billion USD at the current exchange rate) to their wallets over the past ten days.

The accumulation of digital coins by 'whales' usually indicates the upcoming growth of quotations, while investors perceive the sale of cryptocurrency by large holders as a signal for a fall. A similar situation happened last month. Large investors and funds began to buy the cryptocurrency during the bitcoin price fall to 30,000 USD. After that, the number of bitcoins on cryptocurrency exchanges reached its minimum in the last four months.

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Check Out The News of The Past 24 Hours By Money Life Research

 🌈🌈Good morning!  Have a nice day!

 + Check out the news of the past 24 hours:

 

 1️⃣ GBPUSD continues to have a chance to go up thanks to the hearing of the Fed Chairman

 - GBP is in a good position to increase in value because Mr. Powell has the potential to weaken the dollar.  Yohay Elam, Analyst at FXStreet commented: “While investors prefer a faster than the normal economic opening, the UK government's 4-month conservative exit plan has been well received by the market.  , seems convinced that the current blockade is final.  Furthermore, the program received broad support from the public, the opposition, the medical community - and also from the Ministry of Finance. ”

 British Pound also received support from labor data.  While the unemployment rate rose to 5.1% in December, that has met expectations.  On the other hand, wage growth increased by 4.7% (annually) and the number of requests for unemployment benefits decreased by 20,000 in January, also exceeding estimates.

 2️⃣ Notable facts and economic data today, Reserve Bank of New Zealand will announce the interest rate decision and is expected to stand still.  After that, the President of the Reserve Bank of New Zealand Orr will hold a press conference.

 - At tonight, the Governor of the Bank of England Bailey, Deputy Governor Broadbent, Trustees Frieger, and Haskell delivered speeches in the House of Representatives on hopes of economic recovery and policy options.  arouse.

 - tonight, Fed Chairman Powell attended an online hearing held by the US House of Representatives Financial Services Commission to give testimony on the semi-annual monetary report.

 Tonight, Fed Governor Brainard delivered a speech on full responsibility for the Fed.  In the early hours of Thursday morning, Fed Vice Chairman Clarida will also, deliver a speech, investors should pay close attention to the statements of these Fed officials.

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                        Shariah Stock Recommendation

Today's Dax Analysis

Yesterday after falsely breaking the support of 13820, Dax recovered the entire rise and today we have it right at the downtrend line formed in this fall, its overcoming could give new rises at least until the next resistance located at 14025. while that if he does not overcome it well, Dax could go back to yesterday's lows.  Regarding data, there is a testimony of the president of the FED.

Shariah Stock Recommendation

Bitcoin Playing Catch Up to New Highs

 Bitcoin looks poised to extend recent gains, as prices burst above Descending Triangle resistance and the psychologically imposing 35,000 marks. With the RSI eyeing a push above 60, and a bullish crossover taking place on the MACD indicator, the path of least resistance seems skewed to the topside.

Clearing the January 29 high (38711) would probably intensify near-term buying pressure and carve a path for the price to challenge the yearly high (41969). Breaking that is needed to signal the resumption of the primary uptrend and pave the way for the popular cryptocurrency to fulfill the Descending Triangle’s implied measured move (47699).

Alternatively, failing to breach the 38700 marks could trigger a pullback to former resistance-turned-support at the January 2 high (33292).

The IG Client Sentiment Report shows 83.58% of traders are net-long with the ratio of traders long to short at 5.09 to 1. The number of traders net-long is 2.05% lower than yesterday and 9.82% lower from last week, while the number of traders net-short is 1.30% higher than yesterday and 9.11% lower from last week.

We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests Bitcoin prices may continue to fall.

Yet traders are less net-long than yesterday and compared with last week. Recent changes in sentiment warn that the current Bitcoin price trend may soon reverse higher despite the fact traders remain net-long.

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                      Forex Trading Signals

Check Out the News of the Past 24 Hours

 1️⃣ Summary of monetary policy decisions of the Central Bank of Australia after the latest meeting

 The RBA did not change its interest rate policy as expected, after the policy decision, the AUD fell again.  Notable policy points include:

 + Expanded quantitative easing (QE) program:

 - Increase the program by 100 billion AUD;

 - Asset purchase speed is at 5 billion AUD / week;

 - It will be started in mid-April when the current show ends;

 + The RBA gives policy direction that they do not expect sufficient favorable conditions to raise interest rates until as early as 2024;

 + The outlook for the economic recovery is also slightly improved;

 + Commenting on the AUD, the RBA has a not so hard stance, they said: The exchange rate has increased and is in the upper range of the amplitude in recent years.

 2️⃣ EUR is under selling pressure, USD benefits

 - The dollar fluctuated near a seven-week high on Tuesday, most of the motivation comes from a sell-off in the euro as a blockade in the EU aimed at curbing the widespread pandemic has affected consumer spending.  .

 - The euro fell the most in 2 and a half weeks in the first session of the week when German retail sales data fell more than forecast in December, while the continent is still struggling with the deployment of vaccines.  .

 3️⃣ Notable facts and economic data today

 - US "small non-farm" job data is released, the market is expected to increase by 45,000 people, and the previous value is down 123,000.

 - According to the announcement, EIA crude oil inventories in the United States for the week to January 29 are expected to increase by 367,000 barrels, and the previous value will decrease by 9.91 million barrels.  If the inventory falls, the price of oil can be supported.  The API data released earlier this morning recorded a sharp drop.

 On the central bank issue, the President of Reserve Bank of Australia Lowe delivered a speech.  At the next morning, Evans, the 2021 FOMC voting committee and the Chicago Fed president, delivered a speech on the current economic situation and monetary policy during an online event.

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                                        Shariah Stock Recommendation

How to Short Sell a Stock When Trading Falling Markets

Shorting a stock includes selling a borrowed stock within the anticipation of shopping for an equivalent stock back at a lower future price and pocketing the difference. a short sale may be a normal part of a lively trader’s plan because it presents traders with the power to profit from an advancing market and a declining one. this text makes use of examples to elucidate what short sale is, why it's important and lists the highest things to think about when short sale stocks.

WHAT IS short sale AND WHY DO IT?

Short selling is that the process of borrowing shares via a broker, selling those shares at the present market value , and later buying the shares back at a lower cost so as to return the shares to the broker.

Why short stocks? the solution to the present question is multi-layered but generally, shorting stocks presents a chance to trade a decline during a share’s price.
To some, a short sale seems rather unethical because you're essentially taking a stance that a company’s share price will fall, which could end in large scale retrenchments affecting many households within the process. To others, this represents a chance to take a position on over-valued stocks or to profit from the largescale selling of unscrupulous companies.

Nowadays, additionally to retail traders, there are well-established hedge funds that specialize in short sale , or ‘shorting’ various companies. Some short sellers publish research on companies that are imagined to have reported misleading figures within the publication of monetary statements or where there's sufficient evidence of corrupt business practices.
Before diving into the planet of short sale , we recommend you review the stock exchange basics.

WHAT DOES SHORTING A STOCK INVOLVE?

At this stage, it's going to be helpful to differentiate between short sale stocks within the underlying market (non-leveraged) and shorting (selling or taking a brief position) via a broker offering leverage.
The traditional approach has been begun above, where the short seller borrows shares from a broker, sells the shares, and later buys the shares back at a reduction to return to the broker.
However, the emergence of leverage trading has simplified this process to the purpose where shorting a stock is just a matter of clicking the ‘sell’ button for the specified stock on a web platform.

HOW TO SHORT SELL A STOCK

The following steps are often followed when shorting a stock:
Select the specified market
Confirm a down-trending market
Predetermine stop losses and limits (risk-to-reward ratio)
Enter the short trade
The trade is complete once the stop or limit is hit
Traders can make use of the 200-day moving average or use trend lines to gauge whether the stock is during a trending environment.
The short-selling process is often made clearer by using actual figures within the sort of a practical example.

SHORT SELLING EXAMPLE

Let’s say a short-seller wishes to sell 10 shares of Apple Inc as he believes the share price goes to drop by the near future. If the worth of Apple is $200 and therefore the margin requirement is 50%, meaning the trader would effectively be controlling $2000 ($200 x 10 shares) worth of Apple shares while only putting up $1000 ($2000 x 0.5) as margin.

The short seller sets the target at a price of $170 and a stop at $210 to determine a 1:3 risk-to-reward ratio. If price hits the target, the short seller could gain near $300 ($30 x 10 shares), minus any financing fees and commissions.
Nominal trade value = $2000
Margin = 50% ($1000)
Gain after taking profit = $300 ($30 x 10 shares)
Potential loss: $100 ($10 x 10 shares)

This example also presents the perfect scenario but financial markets are often unpredictable and don't move as reliably as presented here. it's for this reason that traders should adopt sound risk management practices from the outset.

WHAT ARE THE RISKS WHEN short sale STOCKS?

When learning the way to short sell stocks it's crucial to stay subsequent in mind:

Potential for unlimited losses -Short positions without stops, theoretically have the potential for unlimited losses. there's no limit to the worth of a share can rise to which further underscores the importance of stops.
Short squeeze –A short squeeze occurs when short traders witness an increase in price (contrary to what was expected) resulting in losses that eventually force traders to shop for (to close the trade) at a better price and take a loss. Price gains more upward momentum as more short sellers buy to shut their positions.

Shariah Stock Recommendation