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Trading recommendations for starters of EUR/USD and GBP/USD on July 27, 2021Analysis of trading charts from July 26:The EUR/USD pair managed to show an upward interest, but it was limited by the range of 1.1750/1.1830 previously set in the market.To simply put it, the quote still follows the sideways amplitude.Trading expectations from July 26 considered the strategy of breaking through one or another border of the side range (1.1750/1.1830), but the signal was not confirmed, and the quote is still moving in the established range.The GBP/USD pair still managed to resume the upward movement after 30 hours hovering around the interaction area of trade forces of 1.3750/1.3800, keeping the quote above the level of 1.3800.Considering the upward movement from the pivot point of 1.3570, market participants retraced the pound sterling by almost 100% relative to the decline from July 16-20.Trading expectations from July 26 considered both a rebound and a breakdown relative to the area of 1.3750/1.3800, thereby giving the opportunity to stay in sync with the market.Trading recommendation for EUR/USD on July 27, 2021Looking at the EUR/USD trading chart, one can see that the quote has been within the lateral range of 1.1750/1.1830 for more than 150 hours, which focuses a lot of attention from speculators.In this case, market participants are focused on the outgoing impulse relative to one or another border of the established range, which will indicate the next price movement in the market.Expectations and prospects:Traders consider this if the price is kept below the level of 1.1750 in the direction of 1.1700.Traders consider this if the price is kept above the level of 1.1830 in the direction of 1.1900.Trading recommendation for GBP/USD on July 27, 2021As for the trading chart of the GBP/USD, it can be seen that there is a slight stagnation within the area of 1.3800/1.3845, which indicates that buyers are hesitant to take further actions. The reduction in the volume of long positions may be a local manifestation in the market due to the recent acceleration.To confirm buyers' intentions, the price needs to hold above the level of 1.3850, which will open the way towards 1.3900.If the upward interest is limited, and the quote manages to return below the level of 1.3780, an increase in the volume of short positions is not excluded, and this will cast doubt on the next growth.• Short positions or Short means sell positions.• Long positions or Long means buy positions.

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European stock markets closed lowerThe British FTSE 100 fell 0.42%, the German DAX dropped 0.64%, and the French CAC 40 fell 0.71%. Italy's FTSE MIB and Spain's IBEX 35 lost 0.83% and 0.87%, respectively.Dassault Systemes shares gained 1.3%. The French software developer has improved its financial forecasts for 2021 amid growing software sales.LVMH Moet Hennessy Louis Vuitton SA fell 0.6%. The world's largest luxury goods manufacturer increased revenues by 56% in the first half of the year, while net profit jumped 10 times.Reckitt Benckiser Group Plc shares fell 8.4%. The British company, which produces and sells hundreds of household chemicals and medicines, received a pre-tax loss in the first half of this year and reduced its revenue.Just Eat Takeaway.com gained 4.3%. A shareholder in Cat Rock Capital has called on the Dutch food delivery service to strike a merger deal with other major global players in the industry.The leaders of growth among the components of the Stoxx Europe 600 index were securities of the British chemical company Croda International Plc, which jumped 5.6%. Meanwhile, the leaders of the fall were the shares of the Swiss-American manufacturer of computer peripherals Logitech International SA, which fell 9.9%.Investors are awaiting the results of the meeting of the US Federal Reserve System (FRS), which will be summed up on Wednesday, as well as reports of large American companies, including Apple Inc., Alphabet Inc., Microsoft Corp. and Starbucks Inc.

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USD rises ahead of Fed's meetingThe US dollar fell slightly due to durable goods orders data. Shortly after, it was trying to strengthen against a basket of six major rivals. Today, the most anticipated event of the week will take place - the FOMC meeting. Yet, many experts think that Fed Chairman Jerome Powell is unlikely to announce certain changes to the monetary policy. So, his testimony will hardly surprise market participants. Moreover, the Fed will clarify its position in the Jackson Hole meeting which is scheduled for September. However, investors are still awaiting the current meeting with bated breath. The main question is how the market will react to the Fed's meeting.Currently, China's stock market is in the spotlight. It has collapsed significantly due to the ongoing tightening of regulation on large IT companies. Sharp fluctuations in China's equity market may adversely affect stock markets in other countries.Hence, demand for safe-haven currencies is rising after the fall in government bond yields. Treasuries are declining despite expectations of the reduction in the bond-buying program. Usually, this would lead to an increase in government bond yields.The greenback seems to have resumed bullish momentum. It may soar to new highs amid turmoil in the market. Besides, the US currency may strengthen if the Federal Reserve hints about the probable reduction of the bond-buying program.The yen rose moderately following a sell-off in China's stock market. The rebound of the Japanese stock market from the recent low was much more modest in comparison with other countries.The US dollar index is growing moderately before the Fed's meeting. Maybe traders have already started factoring in Jerome Powell's hawkish remarks.The EUR/USD pair, as the main barometer of risk sentiment in the market, opened the trading day with a decline. Yesterday, it remained almost unchanged. The pair may even climb to 1.1900 if the Fed's meeting outcome does not stir panic in the market.If Powell does not provide new comments about the bond-buying program, the euro will continue to fluctuate between the levels of 1.1700 and 1.1800 with possible rebound to the 19th mark. Investors are certain that the Fed will not reveal anything new until the Jackson Hole meeting in autumn where it will discuss whether to raise the debt ceiling.Experts believe that the euro will rally in the near future. For instance, economists at Commerzbank assume that the pair may return to the area of 1.1860-1.1930.Strong resistance levels are located at 1.1884 and 1.2008. These level may halt the pair's growth. After breaking through 1.1750, the next target will be the area of 1.1704–1.1600.

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Pakistan's trade deficit widens by 32.9 per cent in fiscal 2021
By ANI | Asia | Last Updated at July 03 2021 15:10 IST

Topics Pakistan | trade deficit



Already burdened by high inflation, rising food prices, raised electricity charges, Pakistan's trade deficit widened by 32.9 per cent, or USD 7.616 billion, in the outgoing fiscal year (FY21).

The deficit was caused by lower export proceeds and higher than expected imports, shared the Ministry of Commerce data on Thursday, reported Dawn.

The trade gap has been widening since December 2020, mainly led by exponential growth in imports and comparatively slow growth in exports. The annual import bill went up by 25.8 per cent, or USD 11.517 billion, to USD 56.091 billion in FY21 from USD 44.574 billion over the corresponding months of last year.

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EUR/USD and GBP/USD: Trading recommendations for novice traders for July 30, 2021Economic calendar for July 30Today, in terms of the economic calendar, we have preliminary data on inflation in Europe, where it is predicted that consumer prices will rise from 1.9% to 2.0%.Given the growth of the European currency over the past days, inflation indicators could have already been taken into account in the quotes.Inflation in the EU - 09:00 UTCWe study and analyze• The consumer price index is prepared by Eurostat, which determines the change in prices of a selected basket of goods and services for a given period. This indicator is considered a key indicator for assessing inflation. From the point of view of fundamental analysis, the rise in inflation is a positive signal for the national currency, but when consumer prices rise faster than forecasted, it is not considered the best signal.Trading plan - EURO/DOLLAR for July 30Analyzing the current Euro/Dollar trading chart, you can see that the resistance level at 1.1900 puts pressure on buyers, which leads to a slowdown and a rebound in the price.In this situation, traders consider two possible scenarios of price development at once:The first plot proceeds from the natural basis of the past, associated with the resistance level of 1.1900, which contributes to the increase in the volume of short positions.In simple terms, traders are looking at a rebound from 1.1900 towards 1.1830.The second plot assumes that the correction from the pivot point 1.1750 will remain relevant in the market and after a short stagnation along the 1.1900 level, it will still be broken by the price along an upward trajectory. For the trading scenario to coincide on the market, the quotes must hold higher than 1.1915 in a four-hour period, this will open the way in the direction of 1.1950-1.1975.Trading Plan - Pound/Dollar for July 30Analyzing the current Pound/Dollar trading chart, you can see that the area of the psychological level of 1.4000 acts as a resistance in the market, which leads to a slowdown and a rebound in the price. The logical basis of the past associated with this level can play into the hands of sellers, which will lead to an increase in the volume of short positions.In simple terms, the rebound stage may well lead to a downward move towards the 1.3900 level.An alternative scenario for the development of the market will be considered by traders if the price is kept above 1.4050 in the daily period. In this case, the chances of buyers will increase to return the quotes to the area of the local high of the medium-term upward trend.

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Analysis and trading recommendations for EUR/USD and GBP/USD on August 2Analysis of transactions in the EUR / USD pairEuro fell on Friday despite good GDP and inflation reports from the Euro area.Trading recommendations for August 2EUR / USD will again move depending on the economic reports that the Euro area will release today. Strong data on manufacturing activity will lead to a price increase, while a weaker than expected report could result in another decline in the market. Then, in the afternoon, a similar report will be published from the US. This time, if the data expectations exceeds, dollar will regain its strength, which could lead to a decline in the pair.For long positions:Open a long position when euro reaches 1.1882 (green line on the chart), and then take profit at the level of 1.1920. Demand will increase if the Euro area publishes strong economic data. But before buying, make sure that the MACD line is above zero, or is starting to rise from it.It is also possible to buy at 1.1857 and 1.1818, but the MACD indicator line must be in the oversold area in order to bring about a market reversal to 1.1882.For short positions:Open a short position when euro reaches 1.1857 (red line on the chart), and then take profit at the level of 1.1818. A decline will occur if the Euro area releases weak economic reports. But before selling, make sure that the MACD line is below zero, or is starting to move down from it.It is also possible to sell at 1.1882 and 1.1920, but the MACD line must be in the overbought area in order to provoke a market reversal to 1.1857.Analysis of transactions in the GBP / USD pairPound did not hit the local high last Friday. To be more specific, it was the multiple failed attempts to break through 1.3975 that led to the closure of many long positions in the market.Trading recommendations for August 2Pound will trade today depending on the data on UK manufacturing activity. If the figure turns better than the forecast, then GBP/USD will increase rather sharply. Then, in the afternoon, a similar report will be published from the US. This time, if the data exceeds expectations, dollar will regain its strength, which could lead to a decline in the pair.For long positions:Open a long position when pound reaches 1.3910 (green line on the chart), and then take profit at the level of 1.3956 (thicker green line on the chart). GBP/USD will climb up if UK publishes good PMI data. But before buying, make sure that the MACD line is above zero, or is starting to rise from it.It is also possible to buy at 1.3885 and 1.3846, but the MACD line should be in the oversold area in order to set off a market reversal to 1.3910.For short positions:Open a short position when pound reaches 1.3885 (red line on the chart), and then take profit at the level of 1.3846. A decline will occur if UK releases weak economic reports. But before selling, make sure that the MACD line is below zero, or is starting to move down from it.It is also possible to sell at 1.3910 and 1.3956, but the MACD line should be in the overbought area in order to trigger a market reversal to 1.3885.

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Another trillion dollars for the American economyYesterday, the leading US stock indexes fell slightly, but in general they continue to be near their absolute highs and can update them any time. All three leading indexes, the S&P 500, Dow Jones, and NASDAQ Composite, maintain upward trends. We have already mentioned earlier why this is happening. First, the Fed continues to buy bonds and mortgage-backed securities from the open market, saturating it with liquidity. And all the cash immediately flows into the most profitable stocks that can provide profit to their investors in the future. Moreover, the profit is not even a dividend, but a profit due to a constant increase in value. The dividends of almost all American companies are already below the current inflation. Therefore, it is extremely difficult to make a profit from dividend payments in the near future. However, since investors do not have much choice, and stocks are the most common investment tool, it is the stock market that capital continues to flow.At the same time, the US Senate agreed on a new package of assistance to the US economy. Previously, it appeared under the name "infrastructure package". It can be recalled that Joe Biden offered two stimulus packages for the American economy, each of about $2 trillion. As you can see, the final version of the first package is half as small. However, we have not yet seen the second package, which is the "social" one. The infrastructure package will be aimed at investing in roads, bridges, ports, the internet, and other facilities over the next 5-8 years. It is noteworthy that the source of the formation of this package is planned to be tax revenues, but not the attraction of loans. In other words, the US government will not climb into even greater debts to finance this $1 trillion package. Of course, we cannot judge where this money will come from. In America, they really like to live on credit, and the size of the public debt in the United States already exceeds the volume of GDP. Simply put, the States owe more money than their economy is worth. In fairness, it should be noted that about half of the debts are debts to themselves. Simply put, the American government owes American investors, various American funds, the Fed, and so on. For example, the United States owes China or Japan only $1 trillion, which is not so much. Thus, a default is unlikely to threaten Washington. Moreover, the money is spent on improving infrastructure, which will attract new investors to America even more in the future. The Fed can also print money in almost any volume without fear of hyperinflation, since the dollar remains the world's number one currency. One way or another, the US economy continues to accelerate and will continue to do this for many years to come.

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Forecast for USD/JPY on August 4, 2021USD/JPYYesterday, the yen continued strengthening against the dollar and overcame the target level of 109.20. The Marlin Oscillator is declining and the price is expected to move towards the target of 108.35, but for this the yen still needs support from external markets, which is now weakening.Yesterday, the US stock index S&P 500 gained 0.80%, this morning the Chinese Shanghai Composite added 0.69%, only the Japanese Nikkei 225 lost 0.16%. The dollar index is in a neutral position. Consolidating above 109.20 may lead to growth to the nearest target of 109.80.On the four-hour chart, the signal line of the Marlin oscillator continues to develop inside the wedge, the exit from which statistically predominates downward, but due to the reversal of the signal line from its lower border, a double convergence of the price with the oscillator has formed, and this is already a sign of an upward breakthrough.The result is an uncertain situation, although rather an expectant one. The price movement in either direction can be fast and deep, so investors are in no hurry to get ahead of events. Together with the market, we will also wait.

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Hot forecast for GBP/USD from August 5, 2021Today, in terms of the economic calendar, a meeting of the Bank of England is scheduled, during which no changes in the parameters of monetary policy, including the interest rate, are expected.Investors are most interested in comments during the meeting, which may lead to speculative manipulations in the market.During the US session, weekly data on applications for unemployment benefits in the United States will be published, where they predict a reduction in their volume, which is considered a positive factor and may lead to a strengthening of dollar positions.The GBP/USD pair, following the correction pattern from the psychological level of 1.4000, reached the support of 1.3900, where there was a slowdown and as a result, a rebound in the price.The pivot point of 1.3900 was tested twice for strength by the quote, which indicates interest in sales from market participants.The volatility of the currency pair at the beginning of the trading week is 61 points, which is considered a low indicator and may indicate the process of accumulation of trading.Expectations and prospectsThe downward development of the price according to the correction scenario is still relevant in the market. But in order to confirm the sellers' intentions, the quote needs to stay below the 1.3870 mark. In this case, it will open in the direction of 1.3825-1.3780.The upward development will be relevant in the case of holding the price above the level of 1.4000 on the daily period. In this scenario, the correction course will end, and the upward cycle from the local minimum on July 20 will be prolonged to new levels.A comprehensive indicator analysis signals a sale relative to the short-term and intraday periods, due to the price movement within the 1.3900 level.

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EUR/USD and GBP/USD: Trading plan for novice traders for August 6, 2021Economic calendar for August 6Today, in terms of the economic calendar, a report by the United States Department of Labor will be published, which in the world of finance is considered one of the most important economic events.Expectations for the report:The unemployment rate in July may decrease from 5.9% to 5.7%Outside agriculture, 870,000 new jobs can be created against 850,000 in the previous reporting period.As you can see from the details of statistical expectations, experts predict a further recovery process, and this may lead to an increase in the US dollar if the forecast coincides.The time of publication of the report is 12:30 UTC.Trading plan - EURO/DOLLAR (August 6)Market participants are working to depreciate the euro, which corresponds to the process of recovery of the downward movement in relation to the correction. Trading expectations consider the value of 1.1752 as a possible outlook for the downward trend. In this scenario, we will receive a full price recovery relative to the corrective move, as well as a signal to prolong the downward cycle from the beginning of June.Trading Plan - POUND/DOLLAR (August 6)The price movement along a sideways trajectory is still relevant in the market, but traders are already ready for changes since working within the established boundaries does not have high profits.Traders will consider an upward movement if the price holds above the level of 1.4000, opening the way in the direction of the values 1.4100-1.4150.A downward movement will be relevant if the price is kept below the level of 1.3885, opening the way in the direction of 1.3825-1.3800.

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Analysis and trading recommendations for EUR/USD and GBP/USD on August 9Analysis of transactions in the EUR / USD pairA signal to sell appeared in the market on Friday, which provoked a 30-pip decline in EUR / USD. Apparently, the signal came when the MACD line was going down from zero, so traders were able to open short positions in the market.The improved situation in the US labor market contributed to such a sharp downward movement, especially since good employment figures are evidence of strong economic recovery. Meanwhile, other data released last Friday, such as reports on industrial production in Germany and foreign trade balance in France, were not remarkable at all.Today, the market will move depending on the reports scheduled to be published. In the morning, there will be data on the foreign trade balance in Germany and investor confidence from the Euro area, which are expected to post a decline. If this happens, demand for euro will continue to decrease. Then, later in the afternoon, the situation may exacerbate as Fed representatives will deliver speeches, which could provoke increased demand for dollar and accordingly, a further decline in EUR / USD.For long positions:Open a long position when euro reaches 1.1779 (green line on the chart), and then take profit at the level of 1.1828. Demand will increase if the Euro area publishes good data on investor confidence. But before buying, make sure that the MACD line is above zero, or is starting to rise from it.It is also possible to buy at 1.1741 and 1.1705, but the MACD indicator line must be in the oversold area in order to bring about a market reversal to 1.1741 and 1.1705.For short positions:Open a short position when euro reaches 1.1741 (red line on the chart), and then take profit at the level of 1.1705. A decline will occur if the Federal Reserve hints at a future policy change. But before selling, make sure that the MACD line is below zero, or is starting to move down from it.It is also possible to sell at 1.1779 and 1.1828, but the MACD line must be in the overbought area in order to provoke a market reversal to 1.1741.Analysis of transactions in the GBP / USD pairThere were several market signals on Friday, but only some were successful. In fact, the first one, which was to sell, had to be ignored because it came when the MACD line was far away from zero, which significantly limited the downward potential of GBP / USD. Fortunately by afternoon, the indicator had moved down from zero, so the pair was able to decline by about 50 pips. And today, price has reached the target level, which is 1.3855.Surprisingly, long-term prospects for bond purchases did not help pound, which cannot be said about the data on the US labor market, which exceeded all expectations. Meanwhile today, there are no macro statistics scheduled to be published, so pound will most likely undergo an upward correction. But later in the afternoon, the situation may change as Fed representatives will deliver speeches, which could provoke increased demand for dollar and accordingly, a decline in GBP / USD.For long positions:Open a long position when pound reaches 1.3881 (green line on the chart), and then take profit at the level of 1.3919 (thicker green line on the chart). GBP / USD may climb today since there are no macro statistics scheduled to be published. But before buying, make sure that the MACD line is above zero, or is starting to rise from it.It is also possible to buy at 1.3854 and 1.3820, but the MACD line should be in the oversold area in order to set off a market reversal to 1.3881.For short positions:Open a short position when pound reaches 1.3854 (red line on the chart), and then take profit at the level of 1.3820. A decline could occur in the afternoon, during the speech of Fed representatives. But before selling, make sure that the MACD line is below zero, or is starting to move down from it.It is also possible to sell at 1.3881 and 1.3919, but the MACD line should be in the overbought area in order to trigger a market reversal to 1.3854.

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July 22 economic calendar:Today, the results of the planned meeting of the European Central Bank (ECB) will be released, where market participants are anticipating new information on the prospects for EU's monetary policy.It is clear that there will be no fundamental changes, so most traders are not waiting for the results of the meeting, but for the press conference of the ECB President Christine Lagarde, where the ECB's plans for the future can be announced, as was recently done by the Federal Reserve System (FRS).In this case, it is worth carefully monitoring the information from the meeting, as well as from the press conference, since a speculative jump will be set in the market depending on it.So, if the ECB leaves everything as it is (unchanged), then the US dollar can get support again. But if the head of the ECB repeats the path of the Fed and announces an early increase in the refinancing rate, then the euro will go into a growth phase.ECB meeting results - 11:45 00 Universal timeECB President press conference - 12:30 Universal timeDuring the US trading session, America will release its weekly data on applications for unemployment benefits, where they are predicted to reduce their volume.Volume of initial applications for benefits may fall from 360 thousand to 350 thousand.Volume of repeated applications for benefits may fall from 3,241 thousand to 3,100 thousand.Weekly data on applications for unemployment benefits - 12:30 Universal time.In simple terms, a decline in the number of applications for benefits can lead to a strengthening of the national currency – USD.Trading recommendation for EUR/USD on July 22, 2021Looking at the EUR/USD trading chart, one can see price fluctuations along the level of 1.1800, where the accumulation process of trading forces is already taking place. The existing amplitude may well expand by 25-30 points, which will eventually lead to a new round of acceleration.To put it simply, traders are waiting for the ECB meeting and press conference, which can be followed by speculative hype in the market.Sell positions:Traders consider this if the price is kept below the level of 1.1750, in the direction of 1.1700.Buy positions:Traders consider this if the price is kept above the level of 1.1830, in the direction of 1.1900.Trading recommendation for GBP/USD on July 22, 2021As for the trading chart of the GBP/USD, it can be seen that the correction is still relevant in the market, but the resistance area of 1.3750/1.3800 is standing in the way of buyers, which can negatively affect the volume of long positions.To simply put it, the correction course can go to a slowdown and completion.Sell positions:They are considered by traders if a price rebound occurs from the resistance area of 1.3750/1.3800, which will eventually lead to the continuation of a decline in the direction of the pivot point of 1.3571.Buy positions:Traders are still in the area of the 1.3650 level and profit-taking is currently taking place. The entry into the deal was taken into account in the previous analytical review.Simplified wave analysis and forecast for USD/JPY and AUD/USD on June 14AUD/USDAnalysis:A bullish trend dominates the Australian dollar major market. A correction has been developing along the lower border of the strong reversal zone since February. The unfinished section counts down from May 10. In the structure of this wave, the middle part is nearing completion in the form of shifting planes.Forecast:Today, the pair's price is expected to flat in the price corridor between the nearest counter zones. After an attempt to put pressure on the support, a reversal and an increase in the rate to the resistance area is likely.Potential reversal zonesResistance:- 0.7750/0.7780Support:- 0.7690/0.7660Recommendations:Today, trading on the pair's market is only possible in separate sessions with a fractional lot. As a result, purchases of the pair are more promising.USD/JPYAnalysis:The ascending wave sets the direction of the short-term trend of the main pair of the Japanese yen from January 6. A stretched descending plane has been forming in its structure since the beginning of March. All price movements of the last two months do not go beyond this wave.Forecast:On the next day, the full completion of the upward movement vector, the formation of a reversal, and the beginning of the price move down are expected. The calculated support shows the lower limit of the expected daily course of the pair.Potential reversal zonesResistance:- 109.80/110.10Support:- 109.30/109.00Recommendations:Trading the yen today is possible within the intraday, with a reduced lot. There are no conditions for purchases on the market. It is recommended to track sell signals in the area of the calculated resistance.

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Trading plan for starters of EUR/USD and GBP/USD on August 11, 2021August 11 economic calendar:Today, the US inflation data will be released. The consumer price index is expected to decline from 5.4% to 5.3%. But at the same time, there is a forecast that inflation will remain at the level of 5.4%.Taking into account expectations, dollar positions look quite good in the market.Trading plan for EUR/USD on August 11:Market participants are testing the strength of this year's base, but they are extremely cautious about selling positions. Traders will consider the next decline after the price is kept below the level of 1.1680, which may open the way towards 1.1620.The scenario of a price rebound from the area of 1.1704 will become relevant if the quote is kept above the level of 1.1745.Trading plan for GBP/USD on August 11:The downward trend is still relevant, but if one hasn't worked with sell positions before, then it is logical to wait for the price to be kept below the level of 1.3800.It is worth noting that there is currently a stagnation, so local buy positions may be opened if the price is kept above the level of 1.3845, opening the path towards 1.3865.

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Simplified wave analysis and forecast for AUD/USD and USD/CHF, GOLD on August 12AUD/USDAnalysis:The direction of movement of the Australian dollar in the main pair is set by the bearish wave of February 25. The quotes have reached the upper limit of the strong zone of a large TF, along which a correction plane has been developing in the last three weeks.Forecast:Today, the pair's price movement is expected mainly horizontally, within the boundaries of the previously formed price corridor. An upward vector is likely further after the possible pressure on the support zone in the next session.Potential reversal zonesResistance:- 0.7420/0.7450Support:- 0.7350/0.7320Recommendations:When making trade transactions on the Australian dollar market today, it is more reasonable to reduce the lot, trying not to go beyond the intraday. Sales are riskier and are not recommended.USD/CHFAnalysis:The direction of short-term fluctuations of the Swiss franc chart is set by the downward wave algorithm of June 18. A week ago, an ascending section started towards the main course. At the current moment, its wave level does not go beyond the correction.Forecast:Today, the price movement is likely to move to a sideways plane. At the European session, a decline in the support area is not excluded. The probability of a return to the bullish movement vector increases, with the price rising into the area of the resistance zone.Potential reversal zonesResistance:- 0.9250/0.9280Support:- 0.9190/0.9160Recommendations:Trading in the conditions of the upcoming flat on the franc market today is possible only for supporters of short-term transactions. Purchases are more promising.

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American stock market rose, Dow Jones and S&P 500 indices renewed records after statisticsThe Dow Jones Industrial Average rose 14.88 points (0.04%) to a record 35,499.85 points. Standard & Poor's 500 gained 13.13 points (0.3%), rising to a record 4460.83 points. The Nasdaq Composite added 51.13 points (0.35%) to 14,816.26 points.EBay Inc. yesterday rose 1.3%. The world's largest online auction in the second quarter of this year received profit and revenue above analysts' expectations, but reported a decrease in the number of active buyers, while the revenue forecast for the current quarter did not meet the expectations of experts.The price of securities of the American Palantir Technologies Inc. jumped 11.4%. The big data solution provider increased its revenue by 49% in the second quarter of 2021, thanks to a significant increase in revenue from commercial orders in the United States.Nio Inc. shares quoted in the USA. decreased by 3.4%. The Chinese electric vehicle maker cut its net loss by 45.4% in the second quarter, while the adjusted figure was better than forecast.Investors are studying the statistics, trying to understand how they will affect the plans of the Federal Reserve System (FRS) to roll back asset repurchases.In recent months, representatives of the Federal Reserve are increasingly speaking out in favor of the regulator beginning to roll back stimulus measures introduced to support the economy amid the coronavirus pandemic.The US Central Bank may begin to roll back stimulus measures for the US economy by the end of this year, given the strength of the economic recovery, said the head of the Federal Reserve Bank (FRB) of San Francisco, Mary Daly.In an interview with the Financial Times, Daily expressed confidence that the significant growth in economic activity of households and businesses will continue as people return to jobs and persist in high consumer spending, which will create conditions for adjusting monetary policy in the coming months.