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For subscribers of our “Daily Trading Signals”, we now also include a “Weekly Market Report”, where we provide a weekly deep-dive on the market, including fundamentals, technicals, economics, and portfolio management:
Market Recap & Upcoming Week
As the earnings season carries on, the market eagerly anticipates reports from tech giants such as Apple and Amazon. These high-profile companies’ financial results will need to significantly exceed expectations to drive share prices further. Given their current near-all-time-high status, any average earnings reported could potentially lead to a decrease in share prices.
Investors also await economic data, including the June JOLTS report and ADP’s National Employment Report, as well as the July nonfarm payrolls report to get insights into the state of the labor market. Adding to the roster of vital data is a series of PMI readings from S&P Global and the ISM, which will offer indications of the health of the manufacturing sector.
Investors will also keep an eye on the eurozone’s inflation and GDP numbers, potentially influencing international investment decisions. Finally, the Bank of England’s interest rate decision will be critical as markets globally adjust to changing monetary policy signals.
Daily Trading Signals (Highlights)
We cover 3 main markets with a total of 200+ counters, so we will never run out of trading opportunities:
- Forex, CFDs, commodities, bonds
- US stocks, ETFs, global stock indices
- Cryptocurrencies, crypto indices
By covering a broad range of markets, we can focus our attention (and capital) on whichever market currently gives the best returns.
USDSGD – Prices were unable to break the support despite multiple tries, this is a sign of bullishness.
NZDCAD – Prices are now halfway to the TP, will continue holding. 💪🏻
NASDAQ 100 (US100) – Prices tried breaking higher but got rejected and closed lower. This shows a lack of buying conviction and could lead to a small correction.
China tech stocks ETF (3067) – Following up, prices have broke above the mini ascending triangle, and are likely to test the prior swing high.
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Spencer is an avid globetrotter who achieved financial freedom in his 20s, while trading & teaching across 70+ countries. As a former professional trader in private equity and proprietary funds, he has over 15 years of market experience, and has been featured on more than 20 occasions in the media.