Bullish rally in the stock markets! | 02 July 2021

Bullish rally in the stock markets!


#WTI:


Global liquids consumption is forecast to reach 100.6 million barrels per day in March 2022, according to the U.S. Energy Information Administration. Global consumption will have bounced back in less than two years, after falling by almost 20% or 20 million bpd at the worst point of the epidemic and lockdowns in April 2020. The remarkable recovery in economic activity and oil consumption is mostly the result of a rapid deployment of effective vaccines in Europe and North America and strict quarantine controls in China and other parts of Asia.


Trading recommendation: Buy 72.60 and take profit 74.20.


Bullish rally in the stock markets!


#SP500:


The US Federal Reserve has published fresh statistics on the change in assets on the balance sheet. Assets increased by $37.6 billion. The Fed is continuing to print money and increasing the dollar liquidity surplus. This factor has a positive impact on the capitalization of the stock market! President Biden's new plan will provide additional support to the stock market. U.S. President Joe Biden embraced a $1.2 trillion bipartisan Senate deal to renew the nation's roads, bridges and highways and help stimulate the economy - a major breakthrough on one of his key domestic policy goals.


Trading recommendation: Buy 4260 and take profit 4300.


Bullish rally in the stock markets!


#CAC40:


The ECB has published the fresh statistics illustrated the change in assets on the balance sheet. Over the past week, the figure rose by €35.6 billion, against €20.8 billion a week earlier. The Central Bank increase asset purchases, which is positive for the French stock market! The health situation and economic prospects across Europe have improved on the back of significant progress in vaccinations − with more than 102 million people in the European Union now fully vaccinated. The outlook for the economy is indeed brightening as the pandemic situation improves, the vaccination campaigns progress, and confidence begins to rise. ECB expect economic activity to accelerate as of this quarter amid support from fiscal and monetary stimulus and a vigorous bounce-back of services activity in particular, which has been hardest hit by the pandemic and associated containment measures.


Trading recommendation: buy 6575 and take profit 6680.

 

David Johnson
Analyst of «FreshForex» company
Agree with the review?
Traders' opinion:

Close
ปูมบันทึกอยู่ใน
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .