金砖国家峰会今天开始

The BRICS summit is due to begin today, in South Africa. Market participants may see increased volatility in the commodities markets, as traders might be eagerly awaiting to see if the alleged discussion of the creation of a common currency that may be backed by precious metals occurs. Arm Holdings LTD, touted as potentially the largest IPO of the year, announced today that it would be seeking an IPO listing on NASDAQ in early September. Furthermore, Microsoft (#MSFT) has announced that it would be submitting a new deal to purchase Activision that will not include its cloud gaming services. With cloud gaming rights for the next 15-years being given to UBISOFT according to a report by Bloomberg, the lack of Activision’s cloud gaming service, could be considered as a major blow given the increased importance cloud services have received over the past few months. The announcement follows what appeared to be a stalling from the UK’s CMA over approving the deal, despite approval being given for the deal to go ahead in both the EU and the US. Following Moody’s decision, S&P announced earlier today that it has cut credit ratings and has revised its outlook for multiple U.S banks according to Reuters. In the commodities markets, oil appears to be stabilizing around the $80 key psychological figure, in addition Gold appears to have halted its descent. Lastly, we note that BestBuy (#BestBuy), Baidu (#BIDU) are expected to post their earnings today.

Microsoft (#MSFT) 宣布将提交一份不包括云游戏服务的收购Activision 的新协议. 据彭博社报道，未来15年的云游戏版权将授予UBISOFT. T此前，尽管欧盟和美国都批准了该协议，但英国CMA似乎在批准该协议方面陷入僵局. 据路透社报道，标普今早宣布已下调信用等级并修订了多家美国银行的前景.

WTI appears to have halted its ascent and now appears to have retraced back to the $80.00 mark, after having tested resistance at the 81.75 (R1) level . We maintain a neutral outlook for the commodity and supporting our case is the RSI indicator below our 4-Hour chart which currently registers a figure near 50, implying a neutral market sentiment. For our neutral outlook to continue, we would like to see the commodity fluctuating around the $80.00 dollar mark and failing to break above the 81.75 (R1) resistance level, or breaking below the 77.00 (S2) support level. For a bullish outlook, we would like to see a clear break above the 81.75 (R1) resistance level, with the next possible target for the bulls being the 84.10 (R2) resistance ceiling. On the other hand, for a bearish outlook , we would like to see a clear break below the 77.00(S2) support level with the next possible target for the bears being the 74.00(S3) support base.

今日其他亮点:

在今天时段, 我们注意到第二季度挪威国民生产总值增长率, 8月份英国CBI 趋势数据,随后是7月份美国现房销售数据的发布. 在明天忙碌亚洲时段, 我们从8月份澳大利亚PMI 数据初值开始, 接着是8月份日本PMI 数据初值. 在货币层面上, 我们强调在今天时段, 里士满联储主席Barkin的讲话，在今天晚些时候, 芝加哥联储主席Gooolsbee 和董事Bowman将联合发表讲话.