Daily Trading Analysis 21.07.2023

Technical & Fundamental analysis

Trading Analysis of GBP/CHF Pound Sterling tumbles as investors mixed about BoE's policy tightening pace. Our Analysis: While the price is above 1.1250, follow the recommendations below: Time frame: D1 Recommendation: shorts position Entry point: 1.1146 Take Profit 1: 1.1075 Take Profit 2: 1.1025 Alternative scenario:  If the level of 1.1240 is broken-out , follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.1240 Take profit 1: 1.1275 Take profit 2: 1.1325 Learn More Trading Analysis of NZD/CAD The New Zealand dollar has been the weakest performer among the G10 currencies in the last five trading days. Our Analysis: As long as the price is above 0.8170 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.8197 Take Profit 1: 0.8400 Take Profit 2: 0.8500 Alternative scenario: If the level of 0.8170 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.8170 Take profit 1: 0.8100 Take profit 2: 0.8025 Learn More Fundamental Trading Analysis of Bank of America Initially, Bank of America may appear to be an attractive investment opportunity. Our Analysis: As long as the price is above 30.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 31.66 Take Profit 1: 33.00 Take Profit 2: 34.50 Alternative scenario: If the level of 30.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 30.00 Take Profit 1: 29.00 Take Profit 2: 28.00 Learn More Risk Warning: Forex and CFD trading carry a high degree of risk. As such they may not be suitable for all investors. Investors should ensure they fully understand the risks associated with CFD trading before deciding to trade. Investors may choose to seek independent advice and should not risk more than they are prepared to lose.

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Where US Consumers Are Shopping

Lawsuit Targets Shein's Algorithms; Thebe Magugu's Latest Collaboration

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WHAT YOU NEED TO KNOW TODAY: FRIDAY, JULY 21, 2023 US consumers continue to spend on fashion, but suburbs are replacing pandemic-era destinations like Miami as retail hotspots. A lawsuit targeting Shein's use of algorithms in its design process signals a new era for intellectual property fights, writes Marc Bain. Thebe Magugu speaks with BoF about his collaboration with South Africa's Orlando Pirates football club. Swiss watch exports jumped in June on strong demand for luxury timepieces in the US and China. Adidas alleged in US federal court that Ye used marketing funds for unauthorised purposes.

TOP STORIES

RETAIL Where US Consumers Are Shopping and What They're Buying By Cathaleen Chen

Luxury spending may be flagging, and Miami has lost some of its pandemic-era heat. But there are plenty of opportunities for fashion brands if they know where to look. READ MORE

TECHNOLOGY Why the Shein Lawsuit Is Going After Its Algorithms By Marc Bain

The copying claims in the latest lawsuit against Shein are the sort fast-fashion retailers have fended off for years. Where they take a new turn is their assertion that Shein's infringement is driven by an algorithm. READ MORE

RETAIL Thebe Magugu and Adidas Partner with South African Football Club Orlando Pirates By Yola Mzizi

In a bid to reach a wider set of customers, the Johannesburg-based designer will create the team's uniforms for the upcoming season and release fan apparel as well. READ MORE

RETAIL Adidas Claims Ye Mishandled Over $100 Million Marketing Fund By Bloomberg The German apparel maker takes the hip hop artist formerly known as Kanye West to court, claiming Ye used marketing funds for unauthorised purposes. READ MORE

BEAUTY How Selena Gomez Built Rare Beauty By Bloomberg The former Disney star's brand has seen increasing popularity thanks to social media platforms like TikTok and Instagram. READ MORE

Beauty TikTok's Latest Obsessions: Filters Prove Their Relevance READ MORE

Swiss Watch Exports Jump Again in June as Demand Stays Strong READ MORE

Hearst Magazines Lays Off at Least 40 Employees READ MORE

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NEWS BRIEFS US Turns to AI to Track Forced Labour in Brands' Supply Chains Fragrance Maker Givaudan's Core Profit Falls UPS Returns to Negotiations With Union Gap Joins Pakistan Accord

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