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SYMBOL
LAST
BID
ASK
HIGH
LOW
NET CHG.
%CHG.
SPREAD
SOURCE
SPX
S&P 500 Index
7355.92
7355.92
7355.92
7419.08
7323.50
-2.29
-0.03%
--
--
DJI
Dow Jones Industrial Average
52052.09
52052.09
52052.09
52655.66
52009.85
+203.20
+ 0.39%
--
--
IXIC
NASDAQ Composite Index
25328.03
25328.03
25328.03
25724.78
25123.43
-148.59
-0.58%
--
--
USDX
US Dollar Index
101.130
101.130
101.210
101.490
101.040
-0.160
-0.16%
--
--
EURUSD
Euro / US Dollar
1.13754
1.13754
1.13761
1.13877
1.13331
+0.00173
+ 0.15%
--
--
GBPUSD
Pound Sterling / US Dollar
1.32058
1.32058
1.32068
1.32187
1.31509
+0.00382
+ 0.29%
--
--
XAUUSD
Gold / US Dollar
4031.06
4031.06
4031.49
4043.94
3962.92
+32.16
+ 0.80%
--
--
WTI
Light Sweet Crude Oil
71.348
71.348
71.378
71.600
68.792
+1.615
+ 2.32%
--
--

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Monro Energy: A Fire Broke Out In A Process Unit Pump Room At The Monro Energy Refinery In Trena, Pennsylvania

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French President Emmanuel Macron And Italian Prime Minister Meloni Attended The Signing Ceremony And Delivered A Joint Speech At The 36th Franco-Italian Summit In Antibes

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Rubio Reassured The Gulf States, Rejecting The Imposition Of Passage Fees In The Strait

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Market News: A Fire Broke Out At The Trainer Refinery In Delaware County, USA

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Trump Has Requested $11.1 Billion In New Aid For Struggling Farmers

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Market News: Persian Gulf Crude Oil Exports Have Rebounded To 75% Of Pre-war Levels; The Region Exported 13 Million Barrels Of Crude Oil In The Three Days Ending Wednesday

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The United States And Gulf States Issued A Joint Statement On The Lebanon Issue, Emphasizing The Importance Of Maintaining The Negotiation Process

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Canadian Prime Minister Justin Trudeau: Providing Humanitarian Aid To Venezuela

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Canadian Prime Minister Carney: Providing Humanitarian Aid To Venezuela

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Canadian Prime Minister Justin Trudeau: On Wednesday, He Did Not Discuss The United States-Mexico-Canada Agreement (USMCA) With U.S. President Trump

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Italy's Foreign Minister Denied That U.S. Forces Had Used The Country's Military Bases To Bomb Iran

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Canadian Prime Minister Carney: I Had Lengthy Discussions With US President Trump And Several Senior US Officials On A Range Of Topics

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Canadian Prime Minister Harper: U.S. President Trump Called Me On Wednesday

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Canadian Prime Minister Carney: US President Trump Called Me On Wednesday

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Institution: U.S. Unemployment Rate Expected To Rise To 4.7% By Year-end

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Brent Crude Oil Rose Above $75 A Barrel, Up 2.16% On The Day

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Both WTI And Brent Crude Oil Rose By $0.40 In The Short Term, Currently Trading At $71.87/barrel And $74.79/barrel Respectively, With Intraday Gains Of 2.0% And 1.83% Respectively

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Crude Oil Futures Contract 2608 Rose During The Session, With Gains Widening To 1.88%, And Last Quoted At 476.8 Yuan/barrel; The Trading Volume Was Approximately 11.722 Billion Yuan, With Nearly 400 Lots Of Open Interest Decreasing During The Day, Showing A Trend Of Rising Prices With Reduced Open Interest

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The UK's Office For Maritime Trade Operations Reports That A Cargo Ship Was Attacked By Unidentified Munitions Near Oman. The Captain Reports No Casualties And No Environmental Impact

TIME
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BOJ Gov Ueda Speaks
Australia Labor Force Participation Rate (SA) (May)

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Australia Full-time Employment (SA) (May)

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Australia Employment (May)

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Germany GfK Consumer Confidence Index (SA) (Jul)

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South Africa PPI YoY (May)

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U.K. CBI Retail Sales Expectations Index (Jun)

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U.K. CBI Distributive Trades (Jun)

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ECB Chief Economist Lane Speaks
Mexico Unemployment Rate (Not SA) (May)

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U.S. Weekly Initial Jobless Claims (SA)

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U.S. Core PCE Price Index YoY (May)

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U.S. Personal Outlays MoM (SA) (May)

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U.S. Real Personal Consumption Expenditures Final QoQ (Q1)

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U.S. Core PCE Price Index MoM (May)

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U.S. Durable Goods Orders MoM (May)

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U.S. PCE Price Index YoY (SA) (May)

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U.S. PCE Price Index MoM (May)

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U.S. Personal Income MoM (May)

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U.S. Real Personal Consumption Expenditures MoM (May)

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U.S. Initial Jobless Claims 4-Week Avg. (SA)

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U.S. Weekly Continued Jobless Claims (SA)

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U.S. Durable Goods Orders MoM (Excl.Transport) (May)

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U.S. Non-Defense Capital Durable Goods Orders MoM (Excl. Aircraft) (May)

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U.S. Chicago Fed National Activity Index (May)

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U.S. Durable Goods Orders MoM (Excl. Defense) (SA) (May)

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U.S. EIA Weekly Natural Gas Stocks Change

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U.S. Kansas Fed Manufacturing Composite Index (Jun)

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U.S. Kansas Fed Manufacturing Production Index (Jun)

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U.S. Dallas Fed PCE Price Index YoY (May)

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Mexico Policy Interest Rate

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New York Federal Reserve President Williams delivered a speech.
U.S. Weekly Treasuries Held by Foreign Central Banks

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Japan Tokyo CPI MoM (Excl. Food & Energy) (Jun)

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Italy 10-Year BTP Bond Auction Avg. Yield

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France Unemployment Class-A (May)

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U.S. Weekly Total Oil Rig Count

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China, Mainland Industrial Profit YoY (YTD) (May)

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RBA Gov Bullock Speaks
Japan Retail Sales (May)

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Japan Retail Sales MoM (SA) (May)

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Japan Retail Sales YoY (May)

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Turkey Economic Sentiment Indicator (Jun)

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Euro Zone Private Sector Credit YoY (May)

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U.K. M4 Money Supply MoM (May)

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U.K. M4 Money Supply YoY (May)

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Q&A with Experts
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    Mr. Grey flag
    EuroTrader
    @Mr. GreyYes that's the cheapest way to get it and the smallest lucid account cost 70$ to purchase
    @EuroTraderYeah
    Size flag
    EuroTrader
    @SizeYou sewing the same thing on Eurusd. That's some cool stuff if we do get a retracement lower before the move higher
    Yeah mate, that’s exactly what I’m watching too
    Ms Feeqah flag
    Size flag
    Size flag
    Size
    A retracement lower would actually make the bullish idea cleaner for me before any move up@samir naik
    EuroTrader flag
    Mr. Grey
    @EuroTraderYeah
    @Mr. GreyBut before then. I told you some YouTube channels to follow right?
    Size flag
    Asma
    can you guys show your trading setup
    @AsmaI just showed mine now.. Check EURUSD now...
    EuroTrader flag
    Ms Feeqah
    @Ms FeeqahLooks like the reversal has finally started on Xauusd. Let's see if it holds on or it's a faker
    Asma flag
    Size
    @AsmaI just showed mine now.. Check EURUSD now...
    @Sizei mean Trading RIg
    Nawhdir Øt94 flag
    Russell usil.
    Size flag
    Asma
    @Sizei mean Trading RIg
    @AsmaOh I get you now, trading rig setup. Nice mate, that makes sense...
    Asma flag
    i mean like how many moniter and pcs you got
    Asma flag
    for trading
    Size flag
    Nawhdir Øt94
    Russell usil.
    @Nawhdir Øt94Haha yeah mate, Russell can be very noisy sometimes, lots of fake moves and quick swings..
    Nawhdir Øt94 flag
    Size
    @Nawhdir Øt94Haha yeah mate, Russell can be very noisy sometimes, lots of fake moves and quick swings..
    @Sizebut , ..
    Nawhdir Øt94 flag
    EuroTrader flag
    EuroTrader flag
    Asma
    i mean like how many moniter and pcs you got
    @AsmaOhhh. That's what you are asking about. I've got three extra asides my laptop and I use them for different reasons
    Size flag
    Asma
    i mean like how many moniter and pcs you got
    Just a simple setup for now mate,1 laptop / PC and a single monitor. Keeping it clean and focused..@Asma
    EuroTrader flag
    Nawhdir Øt94
    @Nawhdir Øt94why is Russel treating you like this. It Dosent want to hit your tp. It's playing around
    Type here...
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          Syrian Refugees Trapped in Turkey's Black Economy Fear Being Sent Home

          Devin

          Economic

          Summary:

          Former footballer is one of many refugees who started his business from scratch as political risk rose.

          Youssef Hamidi was a central defender in the Aleppo University football team before fleeing the city to Turkey a decade ago, whereafter much of his hometown was reduced to rubble by Syrian and Russian bombing.
          His athletic physique helped him cope with the demands of a job he found as a clothes presser on a ready-wear production line in the southern Turkish city of Gaziantep.
          The hard work was the first step in his transformation from an engineering student unable to complete his degree, to the owner of an unregistered, underground clothes factory.
          He is one of many Syrian refugees who form a large proportion of the black economy of Gaziantep. Some have unlicensed businesses, while most work as labourers.
          "Low cost is a major reason why I charge less and receive enough orders," says MR. Hamidi from his factory, just outside the old centre of Gaziantep. The city, one of Turkey's industrial centres, was historically part of the hinterland of the famed Silk Road metropolis of Aleppo.
          Hamidi's factory does mainly subcontract work for large Turkish factories and employs 30 Syrians. But lack of official paperwork has curbed potential for expansion and deprived the workers of benefits.
          Political uncertainty over the fate of the refugees has increased since an earthquake struck south Turkey in February and prompted increased resentment against them as economic pressures rose and the value of the lira plummeted.
          Turkey stopped letting in new refugees from Syria in 2016, having taken in 3.5 million after the crackdown on the 2011 revolt against President Bashar Al Assad, and the ensuing civil war. Businesses can employ Syrian refugees, if a ratio is maintained with Turkish workers.
          After his election victory In May, President Reccep Tayep Erdogan repeated a promise to return one million Syrian refugees to areas held by opponents of MR. Al Assad on the border with Turkey.
          Hamidi says that he feels stuck, having learnt Turkish and built a network that could help him grow his business.
          Even if he registers his factory, employment restrictions will not allow him to keep all his Syrian staff, whom he says are afraid to be officially identified. Taxes and contributions he would have to pay on behalf of the workers would also deprive him of a crucial cost advantage, he says.
          "The Turkish government knows about us and is leaving us be. I don't know till when," he says.
          Two-hand advantage
          For almost a year after he arrived in Turkey, MR. Hamidi ironed finished clothes before the packaging stage on the production line.
          He advanced to work with an electric blade that cuts cloth in bulk, and can inflict serious injuries to the person operating it at the slightest slip.
          One day, the workshop owner saw MR. Hamidi operating the machine by switching between his two hands, which made him faster than other workers.
          "Co-ordination is a skill I got from football," says the bald, bespectacled MR. Hamidi, who is 31.
          He ended up learning all aspects of ready-wear manufacturing, even mastering design, using a computer programme. Large factories in Gaziantep have mass produced dresses and sportswear of his own design.
          He and his staff work in cramped conditions in the large basement of a building, cutting and joining textiles for bigger manufacturers in the city.
          "I love my work so much that I don't feel that I am spending 12 hours a day here," says MR. Hamidi, who does not take any days of the week off and still has time to play football.
          He also coaches children in a programme run by a nearby municipality.
          About half of the of 2.2 million working-age Syrian refugees in Turkey last year had some form of work, mostly informally in menial jobs, figures by the International Labour Organisation show.
          Some refugees, however, have gone into more high-tech businesses.
          Among them is Ahmad Haykal, who was supposed to sit for his high school exam in 2013, when the half of the city he lives in fell to rebels. He fled to Turkey after Russian intervention allowed the regime to recapture Aleppo in 2016.
          Business model
          While growing up in Aleppo, MR. Haykal used to go to a workshop owned by his family and tinker with large inverters and other electrical equipment.
          His late father used to import electrical parts for industrial infrastructure as scrap from factories that went out of business in Europe and resell them after repairing and overhauling the equipment.
          In Gaziantep he opened a similar business after putting together a network of scouts who would identify disused factories in Turkey or those on the verge of closing.
          "I don't think that such a business model existed before I came to Turkey," says MR. Haykal, at his shop on a busy street in Gaziantep.
          He is surrounded by piles of giant electrical equipment, made by Schneider, ABB and Siemens. The parts look as good as new after being overhauled by MR. Haykal and his team of Syrian technicians.
          One part costs $3,000 new. MR. Haykal sells it for $300. Apart from the lure of the price, MR. Haykal says the old parts are better made.
          He wants to obtain Turkish citizenship because it would enable him to travel to Europe to buy stock, similar to his father.
          But he says obtaining a second nationality is becoming a distant dream, with the threat of deportation rising.
          "I cannot invest to streamline the business in these conditions," he says. "It has been one step forward, two steps back."
          Over the past several weeks, Turkey has forcibly returned hundreds of refugees, according to reports by Syrian media opposed to MR. Al Assad.
          Saad, a Syrian businessman who owns, with Turkish partners, a licensed processed food factory in Gaziantep, says an underground mentality has been instilled in Syrians since the Assad family took power in 1970.
          Saad, who did not want to his last name revealed, is also contracted by a western aid organisation to encourage Syrian business owners in Turkey to register with the government.
          He says legitimising the Syrian businesses would shield workers and owners against deportation.
          "All their life in Syria they have been afraid that an arbitrary power will come after them if they declare what they have," he says. "I don't think this is the case in Turkey."

          Source: The National News

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