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USD/JPY 1D analysis 01/07/21Hello everyone , as we all know the market action discounts everything :) notice from all the data and the indicators that we saw on the chart the USD/JPY seems to be moving up with no signs of a reversal yet . we could be seeing the price reaching the are 112.30 in the next few days . Fundamental analysis : The Japanese yen turned out to be the worst-performing currency on Wednesday, allowing the USD/JPY pair to snap four consecutive days of the losing streak and climb back above the 111.00 mark. The underlying bullish sentiment in the financial markets – despite worries about the spread of the highly infectious Delta variant of the coronavirus – continued undermining the safe-haven JPY. This, along with a strong pickup in the US dollar demand further contributed to the pair's intraday rally of over 70 pips from levels just below mid-110.00s. In fact, the key USD index posted its biggest monthly rise since November 2016 and remained well supported by the Fed's surprise hawkish shift. It is worth recalling that policymakers brought forward the timetable for the first post-pandemic interest rate hikes and signalled two rate hikes by the end of 2023 at the end of June policy meeting. The already stronger greenback got an additional boost following the release of a stronger ADP report, which, to a larger extent, helped offset a sharp decline in the US Treasury bond yields. The monthly data published by the Automatic Data Processing (ADP) Research Institute on Wednesday revealed that the US private-sector employers added 692K jobs in June. This marked a notable deceleration from May's downwardly revised reading of 886K (978K reported previously) but was better than the market expectations for 600K. This, along with hawkish comments by Dallas Fed President Robert Kaplan, cemented market expectations over the potential for an early move by the US central bank to rein in its highly accommodative monetary policy. In an interview with Bloomberg TV on Wednesday, Kaplan noted that they are seeing a broadening of price pressures and would prefer to taper sooner than the end of the year because of questions about efficacy, side effects. Apart from this, end-of-month/quarter flows acted as a tailwind for the USD and pushed the USD/JPY pair to 15-month tops. That said, upbeat Japanese manufacturing data kept a lid on any further gains for the major and led to consolidative price action, above the 111.00 mark, through the Asian session on Thursday. Japan Tankan Manufacturing Index rose to 14 in Q2, marking the best level since 2018 and the fourth straight quarter of improvement. Adding to this, the Markit Japan PMI Manufacturing was revised higher to 52.4 in June from 51.5 flash reading. Moreover, confidence about the outlook reached the highest level since the series began in July 2012 amid hopes of an end to the pandemic. This, in turn, extended some support to the JPY and capped gains for the major. Make sure to Follow and Like for more content If you have any questions please ask Thank you for reading.
by GabiDahduh
GRASIMAfter reversing from a Bullish AB=CD it formed a Cup and Handle pattern which is indicating continuation of rally towards 1550/1625 & 1700 which also happens to be a trendline monthly resistance as long as it sustains above 1420. Breakout gets stronger on hourly close above 1490 else one can use dips if any till 1450-1435 for an entry. Cup & Handle Patterns are bullish continuation patterns found in uptrends (Source: Investopedia) A cup and handle price pattern on a security's price chart is a technical indicator that resembles a cup with a handle, where the cup is in the shape of a "u" and the handle has a slight downward drift. The cup and handle is considered a bullish signal, with the right-hand side of the pattern typically experiencing lower trading volume. The pattern's formation may be as short as seven weeks or as long as 65 weeks.
NSE:GRASIMLong
by Dinesh_C_Nagpal
BURNPUR CEMENT LTD:Cement sector stock-7Sl-1.90 Stocks for the week-4 Hello everyone, this week we are going to invest in many different sectors. One of which is CEMENT SECTOR(from infrastructure sector). I will be posting best stocks of cement sector and the % allocation that stock should take in your portfolio. STOCKS ALLOCATIONS Stock 1: AMBUJA CEMENTS LTD 25% Stock 2: ACC LTD 15% Stock 3: INDIA CEMENTS 15% Stock 4: JK LAKSHMI CEMENT 15% Stock 5: SANGHI INDUSTRIES 10% Stock 6: GUJARAT SIDHEE CEM 15% Stock 7: BURNPUR CEMENT LTD 5% (penny stock) So folks feel free to DM or comment.
NSE:BURNPURLong
by AmateurTrader100
GUJARAT SIDHEE CEMENT:Cement sector stock-6Sl-29 Stocks for the week-4 Hello everyone, this week we are going to invest in many different sectors. One of which is CEMENT SECTOR(from infrastructure sector). I will be posting best stocks of cement sector and the % allocation that stock should take in your portfolio. STOCKS ALLOCATIONS Stock 1: AMBUJA CEMENTS LTD 25% Stock 2: ACC LTD 15% Stock 3: INDIA CEMENTS 15% Stock 4: JK LAKSHMI CEMENT 15% Stock 5: SANGHI INDUSTRIES 10% Stock 6: GUJARAT SIDHEE CEM 15% Stock 7: BURNPUR CEMENT LTD 5% (penny stock) So folks feel free to DM or comment.
GLong
by AmateurTrader100
4
JK LAKSHMI CEMENT:Cement sector stock-4Sl-370 Stocks for the week-4 Hello everyone, this week we are going to invest in many different sectors. One of which is CEMENT SECTOR(from infrastructure sector). I will be posting best stocks of cement sector and the % allocation that stock should take in your portfolio. STOCKS ALLOCATIONS Stock 1: AMBUJA CEMENTS LTD 25% Stock 2: ACC LTD 15% Stock 3: INDIA CEMENTS 15% Stock 4: JK LAKSHMI CEMENT 15% Stock 5: SANGHI INDUSTRIES 10% Stock 6: GUJARAT SIDHEE CEM 15% Stock 7: BURNPUR CEMENT LTD 5% (penny stock) So folks feel free to DM or comment.
NSE:JKLAKSHMILong
by AmateurTrader100