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WEEKLY OUTLOOK

  

Dow Jones closed at a record high-All three major US indices rally as tech stocks drive the market aided by a positive NFP report. PPI and YoY news to be on the watch list for the coming week.

Last Week Risers & Fallers:

GOOGLE (NASDAQ:  GOOGL) stock price rose by 2.20% -Google prices are in the buy-zone this week and reached a record high at $2505.

Shares of APPLE went up by 5.5%. Apple stocks broke out of a cup-hold this week to reach $139.96.

JD.com (NASDAQ: JD) shares closed at $308 on Friday, slipping 1.51%. From a technical analysis point, the RSI is on a downtrend, and it’s lagging the S&P500.

Among the major currencies, USDCHF was the biggest gainer this week, by 0.449%. USDCHF was up from a major support level, but it’s yet to break out, USD outperforming CHF boosted by positive NFP results.

Major events to watch:

USA (USD): PPI – Producer Price Index Wednesday 14 July at 12:30 GMT indicates consumer price inflation. It’s a measure of the price of goods sold by manufacturers. The last report was 0.8%, above forecast. A higher value is bullish for the USD, while a lower-than-expected value is bearish for the USD.

CAD (CAD): BoC (Bank of Canada) interest rate decision Wednesday 14 July at 14:00 GMT; last reported interest rate was flat at 0.25%. A higher-than-expected rate will be bullish for the Canadian dollar, and a lower-than-expected rate will be bearish for the Canadian dollar.

UK (GBP): Consumer price index (YoY) –  a measure of the change in the price of goods and services, which is an inflation measure, Wednesday 14 July at 06:00. The last CPI was 2.1%, which surpassed the forecasted 1.8%.


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