Some key takeaways during last few hours
· More speculation the US will blacklist TikTok· US coronavirus - Texas Governor confirms there is no Texas shut down coming
· China state media says the recent sharp fall in Chinese A-share market is a normal adjustment
· New Zealand manufacturing PMI for June 56.3 (prior 39.8)
· Oil ICYMI: Global recovery unlikely to be v-shaped, says Shell chief
· Texas coronavirus cases up >10k on Thursday, record deaths in one day
· FX news wrap: ECB on hold. US retail sales beat expectations.
· Major indices break winning streaks
· Fed's Williams: Sees continued economic recovery in 2nd half
· Canada's Trudeau: Canada, provinces agree on C$19 billion Covid plan
· More from Fed's Evans: no reason to shift away from accommodative policy
· US CDC daily case count rises by 67,404 vs 60,971
Today’s Economic calendar
Forex Majors
EURUSD CMP: 1.1388
Composite Strength Meter
suggests 83% Buy
Trend : Strong Buying
Entry Points: 1.1375, 1.1350,
1.320
Profit Booking Points: 1.1430,
1.1460, 1.1500
Trend Changing Zone: 4H
closing below 1.1200
AUDUSD CMP: 0.6985
Composite Strength Meter
suggests 86% Buy
Trend : Strong Buying
Entry Points: 0.6950, 0.6930
Profit Booking Points: 0.7020,
0.7060
Trend Changing Zone: 4H
closing below 0.6827
NZDUSD CMP: 0.6543
Composite
Strength Meter suggests 79% Buy
Trend : Strong
Buying
Entry Points:
0.6520, 0.6490
Profit Booking
Points: 0.6570, 0.6590
Trend Changing
Zone : 4H closing below 0.6400
USDJPY CMP: 107.20
Composite Strength Meter
suggests 68% sell
Trend: Mild Selling
Entry Points: 107.30, 107.50
Profit Booking Points 107.10,
106.90, 106.70
Trend Changing Zone: 4H
closing above 108.20
USDCHF CMP: 0.9450
Composite Strength Meter suggests
71% Sell
Trend: Strong Selling
Entry Points: 0.9460, 0.9480
Profit Booking Points: 0.9420,
0.9400, 0.9380
Trend Changing Zone: 4H
closing above 0.9525
GBPUSD
CMP: 1.2571
Composite Strength Meter suggests 59% buying
Trend
Neutral
Avoid
Trading
XAUUSD CMP: 1809
Composite Strength Meter
suggests 54% selling
Trend
Neutral
Avoid
Trading
WTIUSD CMP: 40.40
Composite Strength Meter
suggests 52% sell
Trend: Neutral
Avoid
Trading
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