Spider-Man beats down predictions

Shares in Sony climbed up to 1.7 percent after the latest instalment of the ‘Spider-Man: Homecoming’ beats the U.S. box office expectations and earned $117 million over its debut weekend. Sony Pictures, which owns the film rights to the Marvel comic character confirms that this is its second largest figure in its history after the release of Spider-Man 3. If the studio continues to keep the right tone, viewers may not even notice the difference between Sony’s Marvel movies and Disney’s.

source: BBC News, http://www.monkeysfightingrobots.com

On the economic market, the U.S. is set to release its JOLTs Job Openings report for May at 14:00 GMT today. Meanwhile, U.S. equities closed mostly higher in yesterday’s session as technology stocks surged and the Wall Street focus on the latest earnings season which will start on Friday. Amazon’s stock climbed 1.8 percent as the company gets ready for its ‘Prime Day,’ which features big deals for Amazon’s Prime customers. Tesla shares, on the other hand, rose by 0.9 percent.

Gold prices lose ground in Asian trading, thus giving up some gains from Monday’s session. Gold futures for August delivery edged down by 0.13 percent to $1,211.60 a troy ounce. Investors set eyes on Fed Chair Janet Yellen’s testimony on U.S. data inflation and retail sales. Gold and U.S. dollar move in opposite directions, when the dollar goes up, gold futures edge lower on the market.

Technical Analysis



On Monday, the EUR/USD pair started losing value as from 18:00 UTC where it was quoted at $1.14059 to reach a low level of $1.12963 by the end of its session at 23:00 UTC. It started off today’s session bearish at 00:00 UTC at the 1.13949 level. It could continue to drop further on the forex market as it moves beneath the Ichimoku Cloud indicator. It is available for trade on our platform.



The GBP/USD pair started tumbled around 18:00 UTC at $1.28873 to close this downtrend by 22:00 UTC at $1.28785 in yesterday’s session. It was seen trading below the Ichimoku Cloud indicator on Monday, thus trading below the 1.2901 level. An analysis of the graph clearly depicts a downtrend for today as it follows the same trend set yesterday night. It could continue this bearish trend till the end of its session.



Yesterday, the international benchmark, brent crude started picking up strength as from $46.13 a barrel at 11:00 UTC to reach a record high by 14:00 UTC at $47.03 a barrel. In today’s session, it is seen recording much volatility on the commodity market. The commodity fell by 0.4 percent as it traded around the $47.07 level a barrel at 04:00 UTC. It may drop further in value through the day.

Things to watch on the market

Tip 1

It is a good opportunity to trade on Sony as shares surged above 1 percent after the big success of Super-Man: Homecoming.


Tip 2

Consider trading the Nasdaq Composite which edged up by 0.4 percent to trade at 6,176.39 points yesterday night. Facebook, Amazon, Apple and Alphabet should not be overlooked as these would be impacted by trend of the Nasdaq.


Tip 3

It would be a good opportunity to trade on Gold, Gold vs Silver and Gold vs Oil as these would remain impacted by changes in the trend of the U.S. dollar. Use the One touch tool for this commodity.