The main news last weekend

 US stocks hit a record high, gold fell sharply at 20 USD and once touched 1790.

 - Initial Value July US Markit Manufacturing PMI recorded the highest level since data recording.

 - The bipartisan US infrastructure bill agreement to be announced as early as Monday.

 - Yellen: The US will hit its legal debt ceiling on August 1.

 - Ransomware encryption payments have exceeded US$208 million or will set another record.

 - The G20 Environment Ministers Meeting failed to reach an agreement on the energy and climate targets proposed by Europe and the United States.

 - Russia-US strategic stability talks to be held in Geneva on July 28.

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Yesterday's main news

  - A bipartisan procedural vote on the infrastructure bill is scheduled for Wednesday and Biden supports it.

 US API crude inventories rose by 806,000 barrels last week, far exceeding expectations.

 - New crown-positive cases related to the Tokyo Olympics reached 67, not excluding the last-minute cancellation of the Games.

 - EU proposes banning anonymous cryptocurrency transactions.

 - The Biden team believes the chip supply will increase.

 - Japan's inflation has also exploded, with core CPI hitting a 15-month high.

 - The United States announced an extension of the "State of Public Health Emergency" for 90 days.

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Check out the news happening in the last 24 hours

  1️⃣ Yesterday's main news

 - New York Fed survey shows inflation expectations set new high.

 - Fed Williams: Has not met the criteria for reducing debt purchases.

 - The winning yield on the 10-year US Treasury bond hit a new low since February.

 - US Commerce Secretary Raymondo: is pushing the White House to relax travel restrictions on the US.

 EU plans to impose taxes on digital services have been shelved.

 - There are rumors that OPEC+ has not made progress in resolving the stalemate.

 Iran's Foreign Ministry: Iran's nuclear talks are close to reaching "results"

 2️⃣ Financial facts and data today

 - The Bank of England releases the financial stability report for July 2021.

 - IEA publishes monthly crude oil market report.

 - US June US off-season adjusted annual CPI / seasonally adjusted monthly rate CPI.

Check out the news that took place over the weekend

 - Federal Reserve Semi-Annual Report: If inflation expectations continue to be high, monetary policy may be changed.

 - G20 finance ministers and central bank governors reach historic agreement on international tax framework.

 - The European Central Bank's policy guidance will be revised on 22 July.

 Biden signs executive order to promote competition in various industries in the United States.

 - ECB Minutes: Will continue to maintain loose monetary policy.

 - Tokyo Olympic organizers will face an imbalance of revenue and expenditure.

 - Fed Daley: Tight monetary policy should be cautious.

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Dax Analysis By Money Life Research

 ℹ️ #DAX #ANALYSIS

The DAX comes out of the side in which it was immersed, but it is still inside a larger one.  Yesterday he held on to the lows of the month with the help of the USA when he was having a strong panic.  Now we will see if he continues to bounce or falls again to retest the lows for the month.

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Monthly Overview on Indices

 monthly change: SPX500 +3.21%

SPX500 repeated its record-high on June for five consecutive times. The index finished the month at 4,297.50 USD and gained more than 14% year-to-date. The index also posted twenty new week highs from the year's fifty-two total.

The U.S. Senate had accepted President Biden's infrastructure plan, so the equities of the material and industrial sectors pushed up higher, followed by other stocks. Meanwhile, the investors' optimism about the index performance in the following quarters eased, as they realised that the excessive bullish trend could signal the market of its overbought status.

Bank of America did its calculations, stating that Biden's spending plan took the label of global fiscal and monetary stimulus over the last fifteen months to 30,5 trillion USD. This change means the U.S. inflation is now annualising 8%, compared to an average of 3% over the previous century.

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Monthly Overview on Currencies

 Monthly change: EURUSD -2.94%, GBPUSD -2.78%, USDJPY +2.18%, USDCAD +3.72%, AUDUSD -3.94%

DXY ended June at 92.427. This month, the index gained about 3% after the unexpectedly hawkish shift from the Fed at its meeting. The unconventional part is that the ten-year benchmark U.S.Treasury bonds are still yielding 1.48% despite all events. This month was meant to be eventful for the major central banks to declare their monetary policy intentions. None of them, except for the Fed, did it. That's why June 2021 will be remembered as the 'swinging' month for the financial markets. Taking a monthly trading review in EURUSD, the currency pair was downbeat by the Fed's hawkish tone of voice and the absence of any clear steps towards stimuli from ECB. The currency pair ended the month near 1.184, the level of early April this year.

The Bank of England left its policy settings unchanged, as was anticipated. The GBPUSD pair came under intense bearish pressure after that, and the regulator remained speechless towards Fed's statement. The pair lost almost 3% during the month, closing at 1.383.

The Bank of Canada left its key rate unchanged. The oil-oriented currency pair was among the few majors, finishing the month with a positive gain. The USDCAD pair closed in June near 1.24, adding 3% a month.

The Reserve Bank of Australia (RBA) is expected to hike rates next November, well ahead of the 2024 timeline. The AUDUSD pair fell by almost 3% after that to 0.7470 and finished the month at that level ten days later. The Bank of Japan left its policy measures unchanged, as was expected. The USDJPY pair went higher on renewed greenback strength and the Japanese yen pressure and climbed above 111.

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Check out the news happening in the last 24 hours

  1️⃣ Yesterday's main news

 - Last week, the number of first-time applicants in the United States continued to be at its lowest level since the week of March 14 last year.

 The US House of Representatives passed a $715 billion infrastructure bill.

 - Fed Hack: Support to reduce debt by the end of this year.

 - European Central Bank President Lagarde: Restrictions on bank dividends could be lifted by the end of September.

 - OECD announces 130 countries/regions in favor of "two-pillar" reform.

 - UAE prevents OPEC from reaching an agreement to increase production.

 - US Congressional Budget Office: The estimated US fiscal deficit is $1.153 trillion in fiscal year 2022.

 2️⃣ Notable economic events and data today

 - The US will release the unemployment rate for June and nonfarm employment population data after seasonal adjustment for the US in June.  Investors pay close attention to this data.

 - European Central Bank President Lagarde will deliver a speech.

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Notable events and data today

   The European Parliament's Economic and Monetary Committee will hold a hearing, the President of the European Central Bank Lagarde will attend and deliver a speech.

 Governor of the Bank of England Bailey will give a speech.

 The 181st OPEC meeting will be held; OPEC ministerial supervisory committee meeting and non-OPEC oil producing countries;  The 18th OPEC and non-OPEC oil-producing countries ministerial meeting will take place At that time, you can pay attention to the price movement of the two oils.

 The US will release the initial number of jobless claims through June 26. The previous value was 411,000 and the expected value was 393,000.  The performance of the data can affect the volatility of the US dollar.

 The next day, Bostic, the 2021 FOMC voting committee and the president of the Atlanta Fed, will speak. 

Governor of the Bank of England Bailey will give a speech.

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Check out the news happening in the last 24 hours

 

 1️⃣ Yesterday's main news

 Biden plans to sign two bills on infrastructure spending.

 - Outline of $1.5 trillion annual spending bill for fiscal year 2022 released.

 - Fed Quarles and Barking talk about inflation risks and digital currencies.

 US forces carry out airstrikes on the border between Iraq and Syria.

 - Oil supply gap in August could be as much as 1.7 million bpd.

 - ECB officials: ECB is unlikely to raise interest rates.

 - It is said that the launch date of iPhone 13 should be earlier than iPhone 12.

 2️⃣ Notable economic events and data today

 - the FOMC voting committee and Fed Chairman Richmond Barkin will deliver speeches on the US economic outlook and monetary policy.

 - European Central Bank President Lagarde will give a speech at the Brussels Economic Forum.

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Check out the news happening in the last 24 hours

 1️⃣ Yesterday's main news

 Biden said it had reached an infrastructure deal with senators from both sides.

 - The Fed will remove restrictions on bank stock buybacks and dividends.

 - US negotiators said they could resume talks on the Iran nuclear deal as soon as next week.

 The number of initial jobless claims in the United States fell last week.

 - The SEC is introducing requirements for the cryptocurrency trading business.

 - The Bank of England's hawkish signals fell short of expectations and the pound fell.

 India's Oil Minister urged OPEC to cut production as soon as possible.

 - Microsoft introduces the new Windows 11 system.

 - The reverse repurchase activity exceeded 10 billion for the first time in 3 months.

 2️⃣ Notable economic events and data today

 - The US will release core PCE data for May, which is the inflation indicator that the Fed is most interested in.

 - Tonight, the FOMC Standing Voting Committee and New York Federal Reserve Chairman Williams will deliver speeches.

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Check out the news that happened in the last 24 hours

  1️⃣ Yesterday's main news

 - Yellen said the US could hit the debt ceiling in August.

 - Fed officials Bostic, Kaplan said they will raise rates next year.

 - The Fed's first use of a fixed-rate reverse repo exceeds $800 billion.

 - US Democrats set a target in 24 hours to reach an infrastructure agreement between the parties.

 - The US Markit Manufacturing PMI in June hit a record high.

 - Meibu Oil once set a new 3-year high and inventories in last week's EIA fell sharply.

 - OPEC+ is said to be considering an output increase announcement at next week's meeting.

 The Iran nuclear deal is said to be nearing completion.

 - Mutant strains "Delta+" have been detected in India and a third wave of epidemics will occur in the future.

 - The Bank of England decision will be announced and Haldane, a hawkish official, will make one last appearance.

 2️⃣ Notable economic events and data today

 - The Bank of England will publish interest rate resolutions, policy statements and meeting minutes This meeting will be the last meeting of Haldane, the chief economist of the hawks.  Investors will be watching for signs of central bank tightening.

 - The United States will publish the first number of jobless claims for the week until June 19. At the same time, it will publish the final value of the first quarter annualized real GDP rate.  first quarter and core PCE of the first quarter.  annual price index quarterly rate final value.  Data-related performance can affect the volatility of the US dollar.

 - Tonight, the FOMC 2021 voting committee, Fed President Atlanta Bostic, Fed President Philadelphia Hack and New York Fed President Williams will deliver speeches.

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Check out the news that happened in the last 24 hours

  1️⃣ Yesterday's main news

 - Several senior Fed officials talked about the US economy and debt relief.

 Biden believes Congress will raise the debt ceiling.

 - The President of the European Central Bank said there is still room to cut interest rates.

 - Bank of Japan buys ETF for the first time in two months.

 Iran says "next round of nuclear talks could be last".

 - Microstrategy buys 13005 bitcoins.

 2️⃣ Notable economic events and data today

 - The FOMC voting committee and the San Francisco Fed president will speak at the Peterson Institute for International Economics videoconference.

 - Tomorrow, Fed Chair Powell will address Congress on COVID-19 response measures and the economic outlook.  Pay attention to relevant statements.

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KlSE market morning bell

 Morning Bell : : The FBM KLCI fell by 0.32% in early morning trade, bucking regional gains.

At 9.06am, the benchmark index had fallen 4.99 points to 1,570.68 points, weighed down by concerns over the widened movement control order (MCO).

Dataprep Holdings Bhd was the top gainer so far, up 14 sen to RM2.09, with 6.88 million shares traded.

Meanwhile, the top loser was Transocean Holdings Bhd, shedding 35 sen to RM6.30 amid a trading volume of 53,700 shares.

The most active stock on the local bourse so far was Tanco Holdings Bhd, which had risen one sen to RM1, with 37.15 million shares changing hands.

“Following the recent lacklustre performance and the announcement of the MCO, the KLCI could remain pressured and retest the support of 1,560 points,” said JF Apex in a note this morning.

“Shares opened higher in Australia and Japan, where trading resumed after holidays. Futures pointed higher in Hong Kong and US contracts were little changed after the tech-heavy Nasdaq 100 ended in the red, while the S&P 500 notched a small gain. Boston Federal Reserve (Fed) president Eric Rosengren suggested that the US mortgage market no longer needs as much support, advancing the debate on when the central bank might start tapering its monthly bond purchases.

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Check out the news of the past 24 hours

 1️⃣ Yesterday's main news

 - Yellen's speech caused a huge volatility of gold.

 - International oil prices rose to the highest level in 1.5 months.

 - Fed officials: slightly higher interest rates could be a good thing.

 - The United States introduces new immunization targets.

 - US trade deficit continued to set a record in March.

 The Reserve Bank of Australia kept interest rates unchanged, revealing the big decision in July.

 - Small non-farm data released tonight.

 2️⃣ Facts and important data today

 - Focus on US economic data today:

 - Today the US will announce the number of ADP jobs for April. The expected value is 810,000, much higher than the previous value of 517,000.  The market generally expects that job data will be good.

 - Today US Markit services PMI data will be released in April.  The US ISM production data released on Monday did not meet expectations, which has caused shocks in the gold market.

 - Today and tomorrow morning, the 2021 FOMC Voting Committee and Chicago Fed President Evans will deliver a speech on the current economic situation and monetary policy.  You may pay attention to his statement.

 - On the oil market, EIA crude oil inventory data for the week from the US to April 30 will be released today. Earlier this morning, API data fell more than expected, and oil prices  increase in the short term.  time.

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Check out the news of the past 24 hours

 1️⃣ Yesterday's main news

 - The US Treasury Department sharply increased its quarterly loan estimate to $ 463 billion.

 - Powell said the US economy is not out of trouble yet.

 - The White House assists Pfizer in exporting vaccines.

 - US April ISM production data did not meet expectations.

 - The Fed's key interest rates drop to the lowest level in a year.

 2️⃣ Facts and important data today

 - At today, the Reserve Bank of Australia announced its decision on interest rates, the market expects that the Reserve Bank of Australia will stand, but the monetary policy statement may remain dovish,  This is expected to be negative against the Aussie dollar.

 - In the early morning of 2021, the FOMC voting committee and the San Francisco Fed chairman will deliver a speech, investors can focus on their opinion of the policy direction.

 - G7 foreign ministers meeting is held today, and the time will be determined.

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FED schedule this week

 - Powell and many senior Fed officials gave in-depth speeches.  The schedule is as follows:

 At Tuesday morning, Fed Chairman Powell speaks on community development.  On Tuesday, the FOMC Standing Voting Committee and New York Fed President Williams will speak at the annual online symposium;

 On Wednesday, the 2021 FOMC voting committee and San Francisco Fed Chairman Daley will deliver a speech;  in 2021, the FOMC voting committee and Chicago Fed President Evans will speak on the current economic situation and monetary policy at a meeting about the United States and the global economy;  Boston Fed President Rosengren is to speak at an online event;

 On Thursday, Cleveland Federal Reserve President Meester is to speak at a Boston Economic Club online event;  Evans said;  Williams gives opening and closing speech at an online event hosted by the Federal Reserve of New York;  Dallas Fed President Kaplan delivers a speech ；

 - On Friday, Mestre will participate in an online event;  Kaplan hosts online banking events on US and global economic affairs.

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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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Dax Analysis by Money Life Research

 ℹ️ #DAX #ANALYSIS

After yesterday's false break above the side the DAX seems to still have some bullish strength, but it may still be early for it to break this side well, it may need to consolidate a bit more.  Regarding data, today we have the GDP Usa.

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Comment on Gold on 04/27/2021

 📕 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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