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10/07/2023

🇨🇳 Two major inflation reports from China were released today. Both were low, showing that the Chinese economy is slowing.

📉 China's main economic problem is massive lending to the real estate market. The real estate crisis is causing overall demand to fall.

❗This could also reduce demand for Australian imports and devalue the Australian dollar.

institutefx.com

07/07/2023

📉 The Crypto market is experiencing some declines because traders are taking some of their massive profits.

➡️ This is usually a healthy correction before new demand escalates the uptrend.

🔑 The key to a successful correction is not to push the price below critical support levels. For example, $30,000 for Bitcoin or $100 for Litecoin.

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06/07/2023

🇺🇸 Key US job reports will impact the US Dollar, Bitcoin, Gold, and the stock market in the next 2 days. Here are the upcoming reports today:

➡️ The ADP report, which shows the number of new private jobs created last month. The forecast is 226,000. A low number could push the Dollar down and Bitcoin up.

➡️ The unemployment claims report, which shows how many people are looking for unemployment assistance. The forecast is 247,000.

➡️ The job opening report, which shows how many jobs are required by employers. More openings mean more demand for workers. The forecast is 9.93 million.

🔎 Tomorrow the BIG NFP report will be published.

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05/07/2023

🛢️ Members of the Oil cartel called OPEC will meet today in Vienna Austria and discuss Oil production. Any indication that OPEC will keep supply low should support Oil prices today.

➡️ OPEC already announced on Monday that it will continue to cut supply by 1.5 million barrels per day in August. Traders are waiting for more information today.

❗Crude Oil is trading in a tight range between $67 and $74. A break above the range could generate fresh momentum.

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04/07/2023

🚗 Electric vehicle (EV) stocks surged on strong car-delivery numbers.

📈 Tesla stock soared 6.9%, closing at $279, with a year-to-date increase of 158%. They delivered 466,140 cars last quarter, up from 254,000 a year ago.

🇨🇳 Nio, a Chinese EV company, reported a 74% rise in car deliveries, delivering 10,707 cars. Nio stock jumped 3.5% and closed above $10.

➡️ Xpeng, another Chinese company, saw a 15% increase in car sales in June. Xpeng stock rose 4% and has gained 37% in 2023.

❗Earnings announcements are yet to come, making the EV sector particularly promising.

institutefx.com

03/07/2023

📈 In the crypto market, Bitcoin Cash and Litecoin are on strong uptrends.

➡️ This could continue throughout the month. Litecoin is up by 29% in the last few days and is now the no.9 cryptocurrency.

institutefx.com

30/06/2023

🔎 Investors and traders will monitor inflation reports from the EU and US. Low numbers today should support stock markets, such as the German DAX, French CAC, S&P 500, and Nasdaq.

🇪🇺 The EU inflation report will be published at 9:00 GMT, with a forecast of a drop to 5.6% from over 10% in October 2022.

🇺🇸 The US PCE inflation report will be published at 12:30 GMT, with a forecast of a rise from 4.4% to 4.6%. This increase may indicate 'sticky inflation,' implying a persistent price rise.

institutefx.com

29/06/2023

❗️Investors are preparing to take advantage of more uptrends in the tech sector.

➡️ What is the potential? The Nasdaq Future index is up by 32% in 2023 but is still below its record high.

📈 More demand for AI and more downside pressure on inflation could push the tech sector to new record highs very soon.

institutefx.com

28/06/2023

🏦 An interesting central bank panel will be held today.

➡️ Governors of the European Central Bank, US Federal Reserve, Bank of Japan, and Bank of England, will speak in Sintra Portugal.

❗️All asset types should react to this event, including FX, Cryptocurrencies, stocks, and commodities.

institutefx.com

27/06/2023

🇨🇦 The monthly Canadian inflation report will be published today at 12:30 GMT. It is expected to drop from 4.4% to 3.4%, which is a big drop.

📊 Rising interest rates in Canada are pushing inflation down because it's more difficult to take out a loan or mortgage and more attractive to put money in the bank.

❗️The CAD currency should react to the report.

institutefx.com

26/06/2023

✅ Bitcoin Cash is the biggest winner of the latest crypto uptrend.

📈 The Bitcoin ‘fork’ is up by an amazing 83% in the last 7 days. A break above $200 could generate fresh demand.

➡️ Bitcoin Cash uses the same protocols as Bitcoin, and it will also go through a halving process next year.

institutefx.com

23/06/2023

🛢 The Oil market is under pressure again.

📊 Crude Oil has been trading in a very tight range between $74.5 and $67.5. It is now trading close to crucial support at $68.79.

❗️A break below $67.5 today could trigger strong downside escalation and interesting short positions.

institutefx.com

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B204 SANDOWN BUSINESS PARK
Cape Town
7441

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https://institutefx.com/

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