The oil cartel OPEC left its forecast for the second half year of 2016 unchanged.

According to the cartel, the global demand is expected to reach 95 million barrels of oil, an increase of 1.3 million barrels a day.
The expected output of the non-member of the cartel is to lose 750 thousand barrels day to 56 million barrels.

Microsoft buys LinkedIn for 26 billion dollars!

Microsoft will acquire the business social network LinkedIn deal worth 26.2 billion dollars, the largest acquisition in the history of the software giant.
The transaction is expected to close within a year and the acquisition will be cash at a value of 196 dollar per share.

NZD/USD

On a daily chart we can see that last week the pair has reached to a resistance area around the level of 0.7050, and when a false break pattern was formed.

On Thursday last week, the pair went up and closed the day at a price level of 0.7101, but on Friday it went down again and closed the week at the price level of 0.7053, on the resistance level.

For Forex traders:
Sell between the levels of : 0.7050 – 0.7025.
Stop loss point : 0.7115.
Take profit point : 0.6700.

For Binary options traders:
A put option between the levels of : 0.7050 – 0.7025.
Expiry time : June 17.

The futures contracts on wall street pointing about a negative opening of the new trading week, with a decline of up to 0.5% at the leading indexes and after  last Friday they recorded the sharpest decline in 3 weeks.

At the background of the sharp declines in global markets, the gold strengthened by 0.9% and traded for 1,287 dollars an ounce.

Coca cola

The main trend of the stock in an uptrend.
As we can see on a daily chart, last Friday the price of the stock rose by 0.52% and ended at a price level of 46.00 dollar a share.

All the indicators suggest about a good chance for continuity of the trend.

For Forex traders:
Buy between the levels of : 46.00 – 46.07.
Stop loss point : 45.75.
Take profit point : 48.00.

For Binary options traders:
A call option between the levels of : 46.00 – 46.07.
Expiry time : June 17.

The European stock markets opened this morning with price declines of 1.2%, following a significant negative trend which was recorded this morning in the Asian stock markets,and after the falling prices last Friday on Wall Street.

The US Treasury Secretary Warns

US Treasury Secretary Jacob Lew has warned that the global economy will be affected if Britain will vote in favor of leaving the EU on June 23.
The US Treasury Secretary said that It is in the interest of Europe, the UK, the global economy and the geopolitical that Britain will remain consolidation.
The recent surveys show that the vote will be tight.
In the meantime, the British currency was down for the second consecutive week.

Encouraging employment data in the US

The US Labor Department published the number of initial jobless claims.
There were 264 thousand claims, compared to 268 thousand claims in the previous week.
The figure surprised the analysts who expected 270 thousand claims.

The contracts Futures indices on Wall Street signalling about a decline with the opening of the trading day in New York.