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S&P 500: Potential to soar 12% through June 2021 – Morgan Stanley
Morgan Stanley strategists believe a new cycle has started and a recovery could be more normal than investors expect, therefore, there is room for the S&P 500 to rise 12% through June 2021.
Key quotes
“Morgan Stanley strategists have increased their base-case equity targets across the board with
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Gold Price Analysis: Trapped between two key barriers as US celebrates Independence Day – Confluence Detector
Gold saw a wild ride yet again on Thursday but held onto the higher ground despite the blockbuster US NFP data. Growing coronavirus cases worldwide continued to boost the safe-haven. US Independence Day celebrations to keep Gold subdued?
The Technical Confluences Indicator shows that the battle line
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AUD/USD struggles to carry four-day winning streak above 0.6900
AUD/USD fades the late US-session bounce from 0.6900.
China’s fresh punitive measures on Australian beef join broadly downbeat trading sentiment.
Australia’s AiG Performance of Construction Index rose, Commonwealth Bank PMIs weakened in June.
Aussie Retail Sales and Caixin Services PMI from Beijing
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CADCHF waiting for a trigger to buy
#CAD/CHF#
on H4: CADCHF is overall bullish trading inside these two blue trendlines so we will be looking for objective buy setups on lower timeframes unless price breaks below our green support aggressively then we will sell this one long-term (if we have three confluences) on H1:
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Australian Retail Sales May a touch better than expected, +16.9 pct MoM
Australian Retail Sales May came in a touch better than expected, +16.9 pct MoM vs 16.3 pct expected and prior.
Australian May 20 Retail Sales
Australian retail turnover rose 16.9 per cent in May 2020, seasonally adjusted, according to the latest Australian Bureau of Statistics (ABS) Retail Trade
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Pull-up Update
