Daily Market Analysis by CapitalStreetFX

CSFX.Support · Jul 23, 2020

DAILY REPORT - 23rd JULY 2020

Dow futures were trading higher by 0.33% at 26975.00 while Nasdaq 100 futures inched up 0.91% to 10,903.12 and S&P 500 futures rose 0.35% to 3276.88 respectively, at the time of writing.

On the earnings front, Twitter and Valley National Bancorp are scheduled to report their quarterly results before the market opens on Thursday.

On the economic front, the US will report the Initial Jobless Claims for the week ended 16 July on Thursday. Initial Jobless Claims measures the number of individuals who filed for unemployment insurance for the first time during the past week. The previous reading stood at 1.3M and the market estimates the reading to come in at 1.3M.

In one of the biggest developments in the US-China relationship, tensions were ratcheted up several notches when the US gave china a 72-hour deadline to close its consulate in Houston amid accusations of spying, marking a dramatic deterioration in relations between the world’s two biggest economies.

European equities were trading in negative territory. In the Cash Markets, the CAC 40 was trading lower by 1.32% at 5037.12 and the DAX inched down 0.51% to 13104.25, at the time of writing.

On the data front, The Monetary Policy Committee of the Central Bank of the Republic of Turkey will set the one-week repo rate for July on Thursday. Traders watch interest rate changes closely as short term interest rates are the primary factor in currency valuation. The market forecasts the rate to remain unchanged at the previous rate of 8.25%.

Asia-Pacific markets were trading in mixed territory in the cash markets on Thursday. The ASX 200 rose 0.32% and was trading at 6094.50. The Shanghai Composite declined 0.48% to 3317.02 and Nikkei 225 inched down 0.58% to 22,751.61, at the time of writing.

On the data front, Singapore reported CPI (YoY) for June on Thursday. The Consumer Price Index (CPI) measures the change in the price of goods and services from the perspective of the consumer and is an important indicator to measure changes in purchasing trends and inflation. The CPI reading came in at -0.5%. The consensus estimates stood at -0.6%.

US Dollar Index futures inched down 0.14% to 94.795 and British Pound futures rose 0.10% to 1.2754, at the time of writing. The escalation in tension between US and China, the world’s two largest economies sent the yuan on its sharpest slide in nearly two months on Wednesday. A steady decline in the dollar has accelerated in recent weeks, as a resurgent coronavirus outbreak in the United States and improving economic prospects abroad sour investors on the currency.

In the Commodity Markets, Silver declined 0.20% to $23.093 and Gold inched up 0.62% to $1876.65 and Brent oil prices rose 0.50% to $44.51, at the time of writing. The reopening of some major economies locked down due to the coronavirus has lifted global oil prices and encouraged U.S. shale producers to return at least one-third of the 2 million barrels per day (bpd) curtailed since April.

In the Cryptocurrency Markets, Bitcoin rose 1.62% to 9,490.40 and Ethereum inched up 7.31% to 262.89 respectively in the last 24 hours. In news related to the cryptocurrency markets, South Korea’s leading blockchain network ICON has announced a partnership with Chainlink rival BAND. ICONLOOP has worked on digitizing national identity authentication and decentralized passports. The partnership will provide ICON developers with complete access to the BandChain decentralized oracle network as ICON requires oracle for expanding into the growing dApp and DeFi markets.

TECHNICAL SUMMARY

EUR/USD

EUR/USD D1

TRADE SUGGESTION- BUY AT 1.15800, TAKE PROFIT AT 1.16100 AND STOP AT 1.15400

USD/JPY

USD/JPY D1

TRADE SUGGESTION –BUY AT 107.100, TAKE PROFIT AT 108.512 AND STOP AT 106.805

EUR/JPY

EUR/JPY D1

TRADE SUGGESTION- BUY AT 124.100, TAKE PROFIT AT 124.600 AND STOP AT 123.650

AUD/USD

AUD/USD D1

TRADE SUGGESTION- BUY AT 0.71550, TAKE PROFIT AT 0.71980 AND STOP AT 0.71250

NATURAL GAS

NATURAL GAS

TRADE SUGGESTION- BUY AT 1.670, TAKE PROFIT AT 1.720 AND STOP AT 1.625

CRUDE OIL

CRUDE OIL D1

TRADE SUGGESTION- BUY AT 42.05, TAKE PROFIT AT 43.80 AND STOP AT 41.10

DOW JONES

DOW JONES D1

TRADE SUGGESTION- BUY AT 27000, TAKE PROFIT AT 27620 AND STOP AT 26600

CSFX.Support · Jul 24, 2020

DAILY REPORT - 24th JULY 2020

Dow futures were trading lower by 0.64% at 26373.00 while Nasdaq 100 futures inched down 1.01% to 10,440.12 and S&P 500 futures declined 059% to 3208.50 respectively, at the time of writing.

On the earnings front, American Express Co and Honeywell International Inc are scheduled to report their quarterly results before the market opens on Friday.

On the economic front, the US will report New Home Sales numbers for June on Friday. New Home Sales measures the annualized number of new single-family homes that were sold during the previous month. The previous reading for the number of New Homes sold stood at 676K and the market estimates the reading to come in at 700K.

European equities were trading in negative territory. In the Cash Markets, the CAC 40 was trading lower by 1.68% at 4949.36 and the DAX inched down 2.01% to 12839.65, at the time of writing.

On the data front, the UK released Retail Sales (MoM) for June on Friday. Retail Sales measure the change in the total value of inflation-adjusted sales at the retail level and is the foremost indicator of consumer spending. The Retail sales reading came in at 13.9%, better than the consensus estimates of 8.0%. Retail sales, consumer spending and cpi also estimate retail spending growth and inflation. This is one of the important inputs used to decide on interest rates.

Asia-Pacific markets were trading in negative territory in the cash markets on Friday. The ASX 200 declined 1.16% and was trading at 6024.00. The Shanghai Composite declined 3.86% to 3196.77, at the time of writing.

Japanese markets are observing the holiday.

US Dollar Index futures inched down 0.03% to 94.623 and British Pound futures declined 0.07% to 1.2737, at the time of writing. US Dollar Index futures declined on Friday morning as the U.S. is struggling to curb its surging number of COVID-19 cases. Combined with the looming expiry of some stimulus measures at the end of July as well as a record number of unemployment claims, investors are expressing doubt over the U.S.’ recovery prospects.

In the Commodity Markets, Silver declined 0.33% to $22.913 and Gold inched up 0.20% to $1893.65 and Brent oil prices inched down 0.44% to $43.12, at the time of writing. Oil prices slipped on Friday, shrugging off a weaker U.S. dollar, as the relations between the United States and China deteriorate. A weaker dollar usually spurs buying of commodities priced in the greenback, like oil, because they become cheaper for holders of other currencies.

In the Cryptocurrency Markets, Bitcoin rose 0.21% to 9,508.50 and Ethereum inched up 2.81% to 270.20 respectively in the last 24 hours. In news related to the cryptocurrency markets, Avanti Bank & Trust, a Wyoming-based pioneering financial institution that is planning to offer services to the crypto industry, has announced plans for a ‘stable coin disruptor’ that’s designed to modernize U.S. dollar payments. In an announcement, Avanti said that the payment instrument, dubbed ‘Avit,’ is not a security and predicted it “will likely be treated as a cash equivalent” by regulators.

TECHNICAL SUMMARY

EUR/USD

EUR/USD D1

TRADE SUGGESTION- BUY AT 1.16000, TAKE PROFIT AT 1.16300 AND STOP AT 1.15800

USD/JPY

USD/JPY D1

TRADE SUGGESTION –SHORT SELL AT 106.380, TAKE PROFIT AT 106.000 AND STOP AT 106.578

EUR/JPY

EUR/JPY D1

TRADE SUGGESTION- BUY AT 123.300, TAKE PROFIT AT 123.800 AND STOP AT 122.800

AUD/USD

AUD/USD D1

TRADE SUGGESTION- BUY AT 0.70820, TAKE PROFIT AT 0.71400 AND STOP AT 0.7040

NATURAL GAS

NATURAL GAS

TRADE SUGGESTION- BUY AT 1.750, TAKE PROFIT AT 1.840 AND STOP AT 1.690

CRUDE OIL

CRUDE OIL D1

TRADE SUGGESTION- BUY AT 41.35, TAKE PROFIT AT 42.40 AND STOP AT 40.78

DOW JONES

DOW JONES D1

TRADE SUGGESTION- SHORT SELL AT 26480, TAKE PROFIT AT 25900 AND STOP AT 25850

CSFX.Support · Jul 27, 2020

DAILY REPORT - 27TH JULY 2020

Dow futures were trading higher by 0.37% at 26420.00 while Nasdaq 100 futures inched up 0.50% to 10,511.12 and S&P 500 futures rose 0.33% to 3214.62 respectively, at the time of writing.

On the earnings front, Hasbro Inc and Oil States International Inc are scheduled to report their quarterly results before the market opens on Monday.

US Indices Futures inched higher in the early trades on Monday on the news of another coronavirus stimulus package. Treasury Secretary Steve Mnuchin said on Sunday that Republicans are now prepared to unveil their long-awaited coronavirus relief plan — and that it would include another round of $1,200 stimulus checks as well as a smaller version of the enhanced unemployment insurance that has been credited with helping to keep the US economy afloat.

On the economic front, the US will report Core Durable Goods Orders (MoM) for June on Monday. Core Durable Goods Orders measures the change in the total value of new orders for long-lasting manufactured goods, excluding transportation items. The previous reading stood at 3.7% and the market estimates the reading to come in at 3.5%.

European equities were trading in negative territory. In the Cash Markets, the CAC 40 was trading lower by 1.54% at 4956.43 and the DAX inched down 2.02% to 12838.06, at the time of writing.

On the data front, Germany will release the German Ifo Business Climate Index for July on Monday. The German Ifo Business Climate Index rates the current German business climate and measures expectations for the next six months. It is a composite index based on a survey of manufacturers, builders, wholesalers and retailers. The consensus estimates the reading to come at 89.3.

Asia-Pacific markets were trading in mixed territory in the cash markets on Monday. The ASX 200 rose 0.34%% and was trading at 6044.20. The Shanghai Composite declined 0.23% to 3189.49, at the time of writing.

Japan has released the Leading Economic Index data on Monday. The Leading Economic Index released by the Cabinet Office is an economic indicator that consists of 12 indexes such as account inventory ratios, machinery orders, stock prices and other leading economic indicators. It shows the performance of the Japanese Economy over the short and mid-term. The Index reading came in at 78.400, lower than the consensus estimates of 79.3.

US Dollar Index futures inched down 0.57% to 93.840 and British Pound futures inched up 0.31% to 1.2834 while Euro futures rose 0.67% and were trading at 1.1728 and Japanese Yen futures rose 0.51% to 0.009488, at the time of writing. The dollar crumbled on Monday as cracks in the U.S. economic recovery drove investors away from the world’s reserve currency while waiting for the Federal Reserve’s outlook this week.

In the Commodity Markets, Silver rose 6.25% to $24.277 and Gold inched up 1.65% to $1928.95 while the Brent oil prices inched down 0.50% to $43.56, at the time of writing. Oil prices edged lower on Monday as rising coronavirus cases and tensions between the United States and China pushed investors toward safe-haven assets.

In the Cryptocurrency Markets, Bitcoin rose 5.11% to 10,210.11 and Ethereum inched up 6.26% to 327.7 respectively in the last 24 hours. In news related to the cryptocurrency markets, Bitcoin jumped above $10,000 for the first time since early June after relatively muted recent price action. Bitcoin has risen nearly 11% over the past 7 days, while equity markets struggled last week as gold continued to rally.

TECHNICAL SUMMARY

EUR/USD

EUR/USD D1

TRADE SUGGESTION- BUY AT 1.16950, TAKE PROFIT AT 1.17200 AND STOP AT 1.16700

USD/JPY

USD/JPY D1

TRADE SUGGESTION –BUY AT 105.500, TAKE PROFIT AT 106.092 AND STOP AT 105.000

EUR/JPY

EUR/JPY D1

TRADE SUGGESTION- BUY AT 123.490, TAKE PROFIT AT 124.271 AND STOP AT 122.820

AUD/USD

AUD/USD D1

TRADE SUGGESTION- BUY AT 0.71200, TAKE PROFIT AT 0.71747 AND STOP AT 0.70631

NATURAL GAS

NATURAL GAS

TRADE SUGGESTION- SHORT SELL AT 1.805, TAKE PROFIT AT 1.770 AND STOP AT 1.825

SILVER

SILVER D1

TRADE SUGGESTION- BUY AT 23.990, TAKE PROFIT AT 24.500 AND STOP AT 23.500

NASDAQ

NASDAQ D1

TRADE SUGGESTION- BUY AT 10500, TAKE PROFIT AT 10936 AND STOP AT 10300

CSFX.Support · Jul 28, 2020

DAILY REPORT - 28th JULY 2020

Dow futures were trading higher by 0.03% at 26490.50 while Nasdaq 100 futures inched up 0.14% to 10,689.75 and S&P 500 futures rose 0.03% to 3233.62 respectively, at the time of writing.

Senate Republicans presented their $1 trillion plan to bolster the pandemic-ravaged U.S. economy in a series of bills that would trim extra unemployment benefits, send $1,200 payments to most Americans and shield businesses, schools and other organizations from lawsuits stemming from coronavirus infections.

On the earnings front, 3M Co, MakeMyTrip Ltd and Pfizer Inc are scheduled to report their quarterly results before the market opens on Tuesday.

On the economic front, the US will release CB Core Consumer Confidence for July on Tuesday. Conference Board (CB) Consumer Confidence measures the level of consumer confidence in economic activity. It is a leading indicator as it can predict consumer spending, which plays a major role in overall economic activity. The previous reading stood at 98.1 and the market estimates the reading to come in at 94.5.

European equities were trading in mixed territory. In the Cash Markets, the CAC 40 was trading lower by 0.34% at 4939.62 and the DAX inched up 0.02% to 12838.66, at the time of writing.

On the data front, Hungary will release the Quarterly unemployment Rate for June on Tuesday. The unemployment rate represents the number of unemployed persons expressed as a percentage of the labour force. The unemployment rate for a particular age/sex group is the number of unemployed in that group expressed as a percentage of the labour force for that group. The previous reading stood at 4.1%.

The European Central Bank on Tuesday extended a recommendation to eurozone banks that not to pay dividends until the end of the year, while also allowing them to eat into their capital and liquidity buffers for even longer to help them cope with the economic fallout of the coronavirus pandemic.

Asia-Pacific markets were trading in mixed territory in the cash markets on Monday. The ASX 200 declined 0.39% and was trading at 6020.50. The Shanghai Composite rose 0.37% to 3217.49, at the time of writing.

Australia will release the Consumer Price Index (CPI) for Q2 on Tuesday. The Consumer Price Index (CPI) measures the change in the price of goods and services from the perspective of the consumer. It is a key indicator to measure changes in purchasing trends and inflation. The previous reading on the Index stood at 0.3%. The market expects the reading to come in at -2.0%.

US Dollar Index futures inched up 0.15% to 93.752 and British Pound futures inched down 0.05% to 1.2869 while the Euro futures declined 0.17% and were trading at 1.1744 and the Japanese Yen futures shrank 0.17% to 0.009479, at the time of writing. The dollar bounced off a two-year low on Tuesday as selling pressure faded ahead of a Federal Reserve meeting and as political wrangling over the next U.S. fiscal rescue package moved closer to a conclusion.

In the Commodity Markets, Silver rose 0.75% to $24.685 and Gold inched up 0.10% to $1933.10 while the Brent oil prices inched up 0.16% to $43.97, at the time of writing. Gold prices hit a record high on Tuesday morning, supported by a weakening dollar that is driving demand for the safe-haven yellow metal.

In the Cryptocurrency Markets, Bitcoin rose 6.59% to 10945.10 and Ethereum inched down 3.15% to 317.56 respectively in the last 24 hours. In news related to the cryptocurrency markets, Chinese tech giant Huawei recently applied for a new patent related to blockchain technology which deals with storage methods and devices. Huawei holds a number of other relevant patents, covering topics like Blockchain-based settlement methods.

TECHNICAL SUMMARY

EUR/USD

EUR/USD D1

TRADE SUGGESTION- BUY AT 1.7100, TAKE PROFIT AT 1.17765 AND STOP AT 1.16420

USD/JPY

USD/JPY D1

TRADE SUGGESTION –BUY AT 105.625, TAKE PROFIT AT 106.300 AND STOP AT 105.195

EUR/JPY

EUR/JPY D1

TRADE SUGGESTION- SHORT SELL AT 123.600, TAKE PROFIT AT 123.170 AND STOP AT 124.079

AUD/USD

AUD/USD D1

TRADE SUGGESTION- BUY AT 0.71290, TAKE PROFIT AT 0.71741 AND STOP AT 0.70812

NATURAL GAS

NATURAL GAS

TRADE SUGGESTION- BUY AT 1.770, TAKE PROFIT AT 1.804 AND STOP AT 1.745

SILVER

SILVER D1

TRADE SUGGESTION- BUY AT 23.870, TAKE PROFIT AT 24.872 AND STOP AT 23.010

NASDAQ

NASDAQ D1

TRADE SUGGESTION- BUY AT 10630, TAKE PROFIT AT 10820 AND STOP AT 10525

CSFX.Support · Jul 31, 2020

DAILY MARKET REPORT - 31st JULY 2020

Dow futures were trading lower by 0.02% at 26212.00 while Nasdaq 100 futures inched up 0.56% to 10,854.00 and S&P 500 futures rose 0.01% to 3249.00 respectively, at the time of writing.

The U.S. economy contracted by an unprecedented annualized rate of 32.9% in the second quarter as reported by the Commerce Department on Thursday. This quarter posted the worst decline since the Great Depression as the coronavirus pandemic hammered consumer spending.

On the earnings front, Colgate-Palmolive Co, Chevron Corp and Merck & Co Inc are scheduled to report their quarterly results before the market opens on Friday.

On the economic front, Statistics Canada will report May Gross Domestic Product (MoM) on Friday. Gross Domestic Product (GDP) measures the annualized change in the inflation-adjusted value of all goods and services produced by the economy. It is the broadest measure of economic activity and the primary indicator of the economy’s health. The previous reading stood at -11.6%. The consensus estimates today’s reading to come in at 3.5%.

European equities were trading in negative territory in early trading on Friday. In the Cash Markets, the CAC 40 was trading lower by 2.13% at 4852.94 and the DAX inched down 3.45% to 12379.65, at the time of writing.

On the data front, Eurostat will report the Consumer Price Index (CPI) (YoY) for July on Friday. The Consumer Price Index (CPI) measures the change in the price of goods and services from the perspective of the consumer. It is a key indicator to measure changes in purchasing trends and inflation. The previous reading stood at 0.3% and the consensus estimates the reading to come in at 0.2%.

Asia-Pacific markets were trading in mixed territory in the cash markets on Friday. The ASX 200 declined 2.04% and was trading at 5927.80. The Nikkei inched down 2.82 % to 21,710.00 and the Shanghai Composite inched up 0.61% to 3305.65, at the time of writing.

China Federation of Logistics and Purchasing reported the Non-Manufacturing Purchasing Managers Index (PMI) for July on Friday. The official non-manufacturing PMI is based on a survey of about 1,200 companies covering 27 industries including construction, transport and telecommunications. It is the level of a diffusion index based on a survey of purchasing managers in the services industry. The consensus estimates for the index reading stood at 51.2 while the reading came better in at 54.2.

US Dollar Index futures inched down 0.46% to 92.578 and British Pound futures rose 0.33% to 1.3134 while Euro futures inched up 0.50% and were trading at 1.1907 and Japanese Yen futures rose 0.46% to 0.9587, at the time of writing. The dollar was down on Friday morning, touching two-year lows, and on its way to post its biggest monthly decline in a decade as fresh doubts over the U.S economy’s recovery from the COVID-19 pandemic creep in.

In the Commodity Markets, Silver rose 3.74% to $24.238 and Gold inched up 1.55% to $1973.50 while Brent oil prices advanced 0.83% to $43.65, at the time of writing. Oil prices recovered further ground on Friday after touching three-week lows in the previous session, responding to a record decline in U.S. growth as the coronavirus ravaged the world’s biggest economy and oil consumer.

In the Cryptocurrency Markets, Bitcoin increased 0.87% to 11095.60 and Ethereum inched up 5.18% to 336.00 respectively in the last 24 hours. In news related to the cryptocurrency markets, Recent Q2 financial details from blockchain-involved company ‘Overstock’ listed on Nasdaq showed triple-digit percentage growth as compared to the same time in 2019. The Total net revenue was $783 million which showed an increase of 109% year over year and the Gross profit was $180 million or 23.0% of total net revenue, an improvement of 321 basis points year over year.

TECHNICAL SUMMARY

EUR/USD

EUR/USD D1

TRADE SUGGESTION- BUY AT 1.18860, TAKE PROFIT AT 1.19250 AND STOP AT 1.18425

USD/JPY

USD/JPY D1

TRADE SUGGESTION –SHORT SELL AT 104.450, TAKE PROFIT AT 104.000 AND STOP AT 104.732

EUR/JPY

EUR/JPY D1

TRADE SUGGESTION- BUY AT 124.010, TAKE PROFIT AT 124.425 AND STOP AT 123.686

AUD/USD

AUD/USD D1

TRADE SUGGESTION- BUY AT 0.71900, TAKE PROFIT AT 0.72000 AND STOP AT 0.71750

NATURAL GAS

NATURAL GAS

TRADE SUGGESTION- BUY AT 1.833, TAKE PROFIT AT 1.877 AND STOP AT 1.800

SILVER

SILVER D1

TRADE SUGGESTION- BUY AT 24.050, TAKE PROFIT AT 24.540 AND STOP AT 23.680

NASDAQ

NASDAQ D1

TRADE SUGGESTION- BUY AT 10890, TAKE PROFIT AT 11050 AND STOP AT 10720

CSFX.Support · Aug 3, 2020

DAILY REPORT - 3rd AUGUST 2020

Dow futures were trading higher by 0.44% at 26,428.32 while Nasdaq 100 futures inched up 1.47% to 10,745.28 and S&P 500 futures rose 0.77% to 3,271.12 respectively, at the time of writing.

On the earnings front, Berkshire Hathaway, Clorox Co and Disney are scheduled to report their quarterly results before the market opens on Monday.

On the economic front, the US will report the ISM Manufacturing Purchasing Managers Index (PMI) for July on Monday. The Institute of Supply Management (ISM) Manufacturing Purchasing Managers Index (PMI) Report on Business is based on data compiled from monthly replies to questions asked of purchasing and supply executives in over 400 industrial companies. The previous reading stood at 43.1 and the market estimates the reading to come in at 49.5.

European equities are trading in positive territory. In the Cash Markets, the CAC 40 rose 0.35% at 4,797.50 and the DAX inched up 0.53% to 12, 379.36, at the time of writing.

On the data front, Germany will release manufacturing Purchasing Managers Index (PMI) for July on Monday. The German Manufacturing Purchasing Managers’ Index (PMI) measures the activity level of purchasing managers in the manufacturing sector. The consensus estimates the reading to come at 48.0.

Asia-Pacific markets were trading in a mixed territory in the cash markets on Monday. The ASX 200 rose 0.01%% and was trading at 5,928.50. The Shanghai Composite gained 1.10% to 3,346.42, at the time of writing.

On the economic front, Japan will report the Tokyo Core Consumer Price Index (CPI) YoY on Monday. The Tokyo Core Consumer Price Index (CPI) measures the change in the price of goods and services purchased by consumers in Tokyo, excluding fresh food. The consensus estimates the reading to come at 0.2%.

US Dollar Index futures inched up 0.10% to 93.415 and British Pound futures inched up 0.03% to 1.3092 while Euro futures rose 0.03% and were trading at 1.1777, at the time of writing. The U.S. dollar gave up brief early gains on Monday as mounting concerns about a slowing U.S. economic recovery from the coronavirus pandemic hobbled the currency after a brief rebound late last week.

In the Commodity Markets, Silver rose 1.24% to $24.517 and Gold inched up 0.35% to $1,980.80 while the Brent oil prices inched down 0.41% to $43.34, at the time of writing. Oil prices fell on Monday on oversupply concerns as OPEC and its allies wind back production cuts in August and a rise in worldwide COVID-19 cases points to a slower pickup in fuel demand.

In the Cryptocurrency Markets, Bitcoin contracted 3.03% to $11,153.16 and Ethereum inched down 1.01% to $380.15 respectively in the last 24 hours. In news related to the cryptocurrency markets, Ethereum saw one of the most intense drops it has seen since mid-March yesterday, with the cryptocurrency’s price reeling from highs of $415 to lows of $300 in a matter of minutes.

TECHNICAL SUMMARY

EUR/USD

EUR/USD D1

TRADE SUGGESTION- BUY AT 1.17573, TAKE PROFIT AT 1.17943 AND STOP AT 1.1708

GBP/USD

GBP/USD D1

TRADE SUGGESTION – BUY AT 1.30735, TAKE PROFIT AT 1.31418 AND STOP AT 1.30188

USD/JPY

USD/JPY D1

TRADE SUGGESTION- BUY AT 105.933, TAKE PROFIT AT 106.310 AND STOP AT 105.179

AUD/USD

AUD/USD D1

TRADE SUGGESTION- SHORT SELL AT 0.71201, TAKE PROFIT AT 0.70831 AND STOP AT 0.71345

SILVER

SILVER D1

TRADE SUGGESTION- BUY AT 24.300, TAKE PROFIT AT 24.927 AND STOP AT 23.674

NASDAQ 100

NASDAQ 100 D1

TRADE SUGGESTION- BUY AT 10949.25, TAKE PROFIT AT 11059.15 AND STOP AT 10762.08

CSFX.Support · Aug 6, 2020

The report presents a summary of all upcoming and recent fundamental events as well as technical analysis for the major markets.
DAILY REPORT – 06th Aug 2020

Dow futures were trading higher by 0.25% at 27123.00 while Nasdaq 100 futures inched down 0.05% to 11,086.00 and S&P 500 futures rose 0.08% to 3319.00 respectively, at the time of writing.

On the earnings front, Toyota Motor, T-Mobile US and WorldPay are scheduled to report their quarterly results on Thursday.

Top congressional Democrats and White House officials appeared to harden their stances on the new coronavirus relief plan on Wednesday, with few hints of compromise, or that they could meet a self-imposed Friday deadline as President Trump again threatened to act on his own to provide the relief.

The US Department of Labor will report Initial Jobless Claims for the past week on Thursday. Initial Jobless Claims measures the number of individuals who filed for unemployment insurance for the first time during the past week. The previous reading stood at 1.434M while consensus estimates the current reading to come in at 1.415M.

European equities were trading in positive territory. In Cash Markets, the CAC 40 was trading higher by 0.90% at 4993.34 and the DAX inched up 0.47% to 12660.25, at the time of writing.

Attention turns to the BOE today as the MPC meets today. The Bank of England is set to decide on its base lending rate and/or the deployment of further fiscal stimulus. Market focus is expected to be largely attuned to the Monetary Policy Committee’s outlook for the U.K. economy. The consensus estimates the interest rates to be kept unchanged at 0.10%.

Asia-Pacific markets were trading in mixed territory in cash markets on Thursday. The ASX 200 rose 0.68% and was trading at 6042.20. The Nikkei inched down 0.43 % to 22,418.15 and the Shanghai Composite inched down 0.02% to
3377.00, at the time of writing.
Over in China, The General Administration of Customs – Peoples Republic of China will report the Trade Balance (USD) for July on Thursday. Trade Balance measures the difference in value between imported and exported goods and services over the reported period. A positive number indicates that more goods and services were exported than imported. The consensus estimates the reading to come in at 42.00B, lower than the previous reading of 46.42B. This number becomes increasingly sensitive as countries around the world focus on China’s political moves, and the dangerous dependence of western supply-chains on China

US Dollar Index futures inched down 0.24% to 92.623 and British Pound futures rose 0.42% to 1.3174 while Euro futures advanced 0.22% and were trading at 1.1897 and Japanese Yen futures inched up 0.12% to 0.948, at the time of writing. The dollar struggled on Thursday under the weight of worries over the U.S. economic recovery. Rising coronavirus infections in the US add to the speed and time required for an economic recovery, with investors looking out for upcoming data on the U.S. labour market on Friday.

In Commodity Markets, Silver rose 3.37% to $21.795 and Gold inched up 0.81% to $2053.60 while the Brent oil price advanced 0.55% to $45.41, at the time of writing. Oil prices were mostly flat on Thursday as a boost from lower-than-expected U.S. crude stocks that lifted the market to five-month highs in the previous session gave way to fuel demand concerns amid rising coronavirus infections.

In Cryptocurrency Markets, Bitcoin rose 3.46% to 11676.50 and Ethereum inched up 1.54% to 396.86 respectively in the last 24 hours. In news related to the cryptocurrency markets, According to statistics from Zhaopin, hundreds of companies in China have been hiring staff for blockchain-related jobs. Monthly salaries start at $2,865 on average. This figure has skyrocketed from an average of $1,230 last year. The latest figures from Chinese recruiting platforms show that blockchain-related salaries are on the rise across China. This is likely due to high demand for specialists in the sector.

TECHNICAL SUMMARY

EUR/USD

EUR/USD D1

TRADE SUGGESTION- BUY AT 1.18580, TAKE PROFIT AT 1.19160 AND STOP AT 1.18141

USD/JPY

USD/JPY D1

TRADE SUGGESTION –SHORT SELL AT 105.555, TAKE PROFIT AT 104.890 AND STOP AT 106.172

EUR/JPY

EUR/JPY D1

TRADE SUGGESTION- BUY AT 124.070, TAKE PROFIT AT 125.561 AND STOP AT 124.730

AUD/USD

AUD/USD D1

TRADE SUGGESTION- BUY AT 0.71840, TAKE PROFIT AT 0.72237 AND STOP AT 0.71535

CRUDE OIL

CRUDE OIL D1

TRADE SUGGESTION- BUY AT 41.70, TAKE PROFIT AT 42.39 AND STOP AT 41.20

SILVER

SILVER D1

TRADE SUGGESTION- BUY AT 27.680, TAKE PROFIT AT 28.600 AND STOP AT 26.873

NASDAQ

NASDAQ D1

TRADE SUGGESTION- BUY AT 11070, TAKE PROFIT AT 11290 AND STOP AT 10940

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CSFX.Support · Aug 7, 2020

The report presents a summary of all upcoming and recent fundamental events as well as technical analysis for the major markets.
DAILY REPORT – 07th Aug 2020

Dow futures were trading lower by 0.47% at 27157.00 while S&P 500 futures declined 0.49% to 3328.00 respectively, at the time of writing. Nasdaq 100 futures inched down 0.58% to 11,195.00 and it was Nasdaq’s first-ever historical close above 11000.

On the earnings front, OTP Bank, Magma Intl and Ventas are scheduled to report their quarterly results on Friday.

US Lawmakers are working on the next fiscal stimulus package, but the timeline remains somewhat murky ahead of a self-imposed Friday deadline. The big sticking point is whether or not to resume the enhanced $600-a-week unemployment benefit that was rolled out in March. Also, U.S. President Donald Trump ratcheted up already-heightened tensions with Beijing by banning U.S. transactions with two popular Chinese apps, Tencent’s WeChat and ByteDance’s Tiktok.

US Bureau of Labour Statistics will report Nonfarm Payrolls for July on Friday. Nonfarm Payrolls measures the change in the number of people employed during the previous month, excluding the farming industry. Job creation is the foremost indicator of consumer spending, which accounts for the majority of economic activity. The previous reading stood at 4.800M while consensus estimates the current reading to come in at 1.600M. This is the biggest economic release every month and has become even more important during the current debate regarding ongoing unemployment benefits.

European equities were trading in negative territory. In Cash Markets, the CAC 40 was trading lower by 0.98% at 4885.13 and the DAX inched down 0.54% to 12,591.68, at the time of writing.

German Statistisches Bundesamt Deutschland reported the Trade Balance for June on Friday. The Trade Balance measures the difference in worth between exported and imported goods over the month. A positive reading indicates that more goods were exported than imported. The reading came in at 14.5B, better than the market estimates of 10.1B.

Asia-Pacific markets were trading in negative territory in cash markets on Friday. The ASX 200 declined 0.62% and was trading at 6004.80. The Nikkei inched down 0.46 % to 22,316.00 and the Shanghai Composite shrank 0.70% to 3362.74, at the time of writing.

Over in Japan, The Cabinet Office of Japan released the Leading Economic Index on Friday. The Leading Economic Index released by the Cabinet Office is an economic indicator that consists of 12 indexes such as account inventory ratios, machinery orders, stock prices and other leading economic indicators. It shows the performance of the Japanese Economy over the short and mid-term. The reading came in at 85.00, higher than the consensus estimates of 78.80.

US Dollar Index futures inched up 0.24% to 92.993 and British Pound futures declined 0.20% to 1.3127 while Euro futures shrank 0.27% and were trading at 1.1852 and Japanese Yen futures inched up 0.03% to 0.9478, at the time of writing. Dollar Index Futures were up on Friday morning, reversing some of its losses earlier in the week. But gains were capped by decreasing U.S. Treasury yields, ever-increasing numbers of COVID-19 cases and the stalemate in the U.S. Congress over the latest stimulus package.

In Commodity Markets, Silver rose 1.50% to $28.825 and Gold inched up 0.15% to $2061.45 while the Brent oil price shrank 0.13% to $45.03, at the time of writing. Oil was down on Friday morning as some of the biggest oil-producing members of the Organization of the Petroleum Exporting Countries and Allies (OPEC+) vouched to fully commit to production cuts.

In Cryptocurrency Markets, Bitcoin rose 1.15% to 11808.50 and Ethereum inched down 0.40% to 395.24 respectively in the last 24 hours. In news related to the cryptocurrency markets, Nigeria, the biggest source of Bitcoin trading volume in Africa, is apparently one of the fastest-growing crypto markets in the world, according to a new report. Moreover, Nigeria has seen the largest influx of activity on its wallet app since April 2020.

TECHNICAL SUMMARY

EUR/USD

EUR/USD D1

TRADE SUGGESTION- BUY AT 1.18397, TAKE PROFIT AT 1.18728 AND STOP AT 1.18133

USD/JPY

USD/JPY D1

TRADE SUGGESTION –SHORT SELL AT 105.550, TAKE PROFIT AT 105.011 AND STOP AT 105.864

EUR/JPY

EUR/JPY D1

TRADE SUGGESTION- BUY AT 125.022, TAKE PROFIT AT 125.502 AND STOP AT 124.621

AUD/USD

AUD/USD D1

TRADE SUGGESTION- BUY AT 0.72180, TAKE PROFIT AT 0.72424 AND STOP AT 0.71889

BRENT CRUDE

BRENT CRUDE D1

TRADE SUGGESTION- BUY AT 45.00, TAKE PROFIT AT 45.66 AND STOP AT 44.50

SILVER

SILVER D1

TRADE SUGGESTION- BUY AT 28.410, TAKE PROFIT AT 29.850 AND STOP AT 27.113

NASDAQ

NASDAQ D1

TRADE SUGGESTION- BUY AT 11210, TAKE PROFIT AT 11400 AND STOP AT 110776

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CSFX.Support · Aug 10, 2020

The report presents a summary of all upcoming and recent fundamental events as well as technical analysis for the major markets.
DAILY REPORT – 10th Aug 2020

Dow futures were trading higher by 0.32% at 27421.00 and S&P 500 futures rose 0.19% to 3351.00 respectively while Nasdaq 100 futures inched down 0.04% to 11,117.00, at the time of writing.

On the earnings front, Tencent Music Entertainment Group, Marriott Int and Canopy Growth are scheduled to report their quarterly results on Monday.

President Donald Trump on Saturday signed executive actions extending financial relief to Americans hit by the coronavirus pandemic. The measures marked a presidential show of strength after Trump’s Republican Party and White House team failed to agree with opposition Democrats in Congress on a new stimulus package. One key Trump order promises $400 a week added to Americans’ unemployment benefits, while others offer some protection from evictions and relief for student loans.

The US Bureau of Labor Statistics will report the JOLT’s Job Openings for June on Monday. US Bureau of Labor Statistics do a survey to help measure job vacancies. It collects data from employers about their businesses employment, job openings, recruitment, hires and separations. JOLTS define Job Openings as all positions that are open on the last business day of the month. The previous reading stood 5.397M.

European equities were trading in positive territory. In Cash Markets, the CAC 40 was trading higher by 0.09% at 4889.52 and the DAX inched up 0.66% to 12,674.88, at the time of writing.

The UK British Retail Consortium will release Retail Sales Monitor (YoY) for July on Monday. The British Retail Consortium (BRC) Retail Sales Monitor measures the change in the value of same-store sales in BRC-member retail outlets in the U.K. The previous reading stood at 10.9%.

Asia-Pacific markets were trading in mixed territory in cash markets on Monday. The ASX 200 advanced 1.71% and was trading at 6107.40. The Nikkei inched down 0.39 % to 22,329.94 and the Shanghai Composite rose 0.67% to 3376.70, at the time of writing.

Over in Japan, The Ministry of Finance of Japan will report the Adjusted Current Account Index for July on Monday. The Japanese Adjusted Current Account index measures the difference in value between exported and imported goods, services and interest payments during the reported month. The goods portion is the same as the monthly Trade Balance figure. Because foreigners must buy the domestic currency to pay for the nation’s exports the data can have a sizable effect on the JPY. The previous reading stood at 0.82T.

US Dollar Index futures inched down 0.08% to 93.338 and British Pound futures rose 0.14% to 1.3072 while Euro futures advanced 0.09% and were trading at 1.1802 and Japanese Yen futures inched up 0.16% to 0.9458, at the time of writing. U.S. dollar futures were struggling to keep a rare rally together on Monday as its longest losing streak in a decade left much of the market structurally short of the currency and vulnerable to a squeeze on any upbeat news.

In Commodity Markets, Silver rose 3.82% to $28.593 and Gold inched up 0.73% to $2032.70 while the Brent oil price advanced 1.04% to $44.86, at the time of writing. Oil prices climbed on Monday, supported by Saudi optimism on Asian demand and an Iraqi pledge to deepen supply cuts, although uncertainty over a deal to shore up the U.S. economic recovery capped gains.

In Cryptocurrency Markets, Bitcoin rose 2.90% to 11983.00 and Ethereum inched up 0.82% to 396.00 respectively in the last 24 hours. In news related to the cryptocurrency markets, KEB Hana Bank, one of the biggest commercial banks in South Korea, reached an agreement with the state-backed highway operator, the Korea Expressway Corporation, to bring blockchain-based toll payments system across the nation’s highways. The project is expected to launch before the end of the year. The system will connect KEB Hana’s smartphone banking app, Hana One Q, for motorists to arrange their toll payments, defer them, or even receive toll fee refunds.

TECHNICAL SUMMARY

EUR/USD

EUR/USD D1

TRADE SUGGESTION- SHORTSELL AT 1.17850, TAKE PROFIT AT 1.17200 AND STOP AT 1.8400

USD/JPY

USD/JPY D1

TRADE SUGGESTION –BUY AT 105.965, TAKE PROFIT AT 106.383 AND STOP AT 105.578

EUR/JPY

EUR/JPY D1

TRADE SUGGESTION- SHORTSELL AT 124.690, TAKE PROFIT AT 124.276 AND STOP AT 125.200

AUD/USD

AUD/USD D1

TRADE SUGGESTION- SHORTSELL AT 0.71547, TAKE PROFIT AT 0.71366 AND STOP AT 0.71724

NATURAL GAS

NATURAL GAS D1

TRADE SUGGESTION- BUY AT 2.239, TAKE PROFIT AT 2.320 AND STOP AT 2.180

SILVER

SILVER D1

TRADE SUGGESTION- BUY AT 28.290, TAKE PROFIT AT 29.800 AND STOP AT 27.358

NASDAQ

NASDAQ D1

TRADE SUGGESTION- BUY AT 11105, TAKE PROFIT AT 11269 AND STOP AT 10992

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CSFX.Support · Aug 12, 2020

The report presents a summary of all upcoming and recent fundamental events as well as technical analysis for the major markets.
DAILY REPORT – 12th Aug 2020

Dow futures were trading higher by 0.16% at 27,659.00 and S&P 500 futures rose 0.06% to 3332.00 respectively while Nasdaq 100 futures inched up 0.25% to 10,906.00, at the time of writing.

On the earnings front, Lyft and Cisco Systems are scheduled to report their quarterly results on Wednesday.

Overnight, Markets tumbled amid growing uncertainty over whether the U.S. lawmakers would agree on an additional round of big fiscal stimulus to support an economy still struggling with the novel coronavirus.

The US Bureau of Labor Statistics will report CPI (MoM) for July on Wednesday. The Core Consumer Price Index (CPI) measures the changes in the price of goods and services, excluding food and energy. The CPI measures price change from the perspective of the consumer. It is a key way to measure changes in purchasing trends and inflation. The market forecasts the reading to remain unchanged at 0.2%.

European equities were trading in positive territory. In Cash Markets, the CAC 40 was trading higher by 2.41% at 5027.51 and the DAX inched up 2.04% to 12,946.89, at the time of writing.

The UK Office of National Statistics will report the GDP for Q2 on Wednesday. Gross Domestic Product (GDP) measures the annualized change in the inflation-adjusted value of all goods and services produced by the economy. It is the broadest measure of economic activity and the primary indicator of the economy’s health. The previous stood at -2.2% while the consensus estimates the reading to come lower at -20.9%.

Asia-Pacific cash markets were trading in mixed territory on Wednesday. The ASX 200 declined 0.40% and was trading at 6114.30. The Nikkei inched up 0.25 % to 22,808.24 and the Shanghai Composite shrank 1.97% to 3274.30, at the time of writing.

Over in Australia, The Australian Bureau of Statistics will report the Employment Change for July on Wednesday. Employment Change measures the change in the number of people employed. Job creation is an important indicator of consumer spending. The market forecasts the reading to come lower at 40.0K than the previous reading of 210.8K.

US Dollar Index futures inched up 0.23% to 93.812 and British Pound futures declined 0.26% to 1.3032 while Euro futures shrank 0.20% and were trading at 1.1730 and Japanese Yen futures inched down 0.06% to 0.9373, at the time of writing. The dollar was up on Wednesday morning in Asia, with higher U.S. yields and rising hopes of a U.S. economic recovery from COVID-19 supporting the greenback.

In Commodity Markets, Silver declined 7.25% to $24.155 and Gold inched down 2.74% to $1892.20 while the Brent oil price advanced 0.52% to $44.73, at the time of writing. Oil was up on Wednesday with the American Petroleum Institute  (API) forecasting a larger than expected inventory draw. API figures released on Tuesday showed a larger than expected draw in crude inventories for the week to Aug. 7, with an actual draw of 4.4 million barrel versus a 3.2-million-barrel forecast.

In Cryptocurrency Markets, Bitcoin declined 5.18% to 11270.00 and Ethereum inched down 6.89% to 369.68 respectively in the last 24 hours. In news related to the cryptocurrency markets, According to Vgudok, Sergey Vinogradov, the general director of the Scientific Research Institute of Railway Transport, blockchain may have a place in the national transport system. An advisor to Russian Railways, the country’s national rail operator, praised the rise of blockchain technology and hinted that it could be implemented as part of the country’s rail network.

TECHNICAL SUMMARY

EUR/USD

EUR/USD D1

TRADE SUGGESTION- SHORTSELL AT 1.17570, TAKE PROFIT AT 1.16967 AND STOP AT 1.8058

USD/JPY

USD/JPY D1

TRADE SUGGESTION –BUY AT 106.760, TAKE PROFIT AT 107.162 AND STOP AT 106.496

EUR/JPY

EUR/JPY D1

TRADE SUGGESTION- BUY AT 125.450, TAKE PROFIT AT 126.000 AND STOP AT 125.090

AUD/USD

AUD/USD D1

TRADE SUGGESTION- SHORTSELL AT 0.71250, TAKE PROFIT AT 0.70969 AND STOP AT 0.71524

NATURAL GAS

NATURAL GAS D1

TRADE SUGGESTION- BUY AT 2.130, TAKE PROFIT AT 2.234 AND STOP AT 2.086

GOLD

GOLD D1

TRADE SUGGESTION- BUY AT 1928.00, TAKE PROFIT AT 1970.50 AND STOP AT 1884.50

NASDAQ

NASDAQ D1

TRADE SUGGESTION- SHORTSELL AT 10970.00, TAKE PROFIT AT 10761 AND STOP AT 11154

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CSFX.Support · Aug 13, 2020

The report presents a summary of all upcoming and recent fundamental events as well as technical analysis for the major markets.
DAILY REPORT – 13th Aug 2020

In Major news overnight, the US budget deficit rose to USD 2.81 trillion in the early 10 months of the budget period. In July, U.S. consumer prices rose 1% from the previous year below the 2% target of the Federal Reserve. Meanwhile, at 2.7%. On the other side, in China, the headline figure stood under control.

The Nasdaq-100 Index and the Composite were both up between 2% and 3%. Tesla Corp. declared a surprise stock division for the first time in its 10-year history, which soared its stock price higher than 12% on Wednesday.

The S&P 500 climbed 1.4% i.e. more than the 50% rally since the market downturns in March and took a lead over the 3,386.15 level achieved on Feb. 19,

Asia-Pacific cash markets were trading mixed, MSCI’s largest indicator of Asia-Pacific shares outside Japan was up 0.2%. A steep rose in semiconductor makers drove Japan’s Nikkei 1.9% higher to a six-month peak and the ASX 200 finished 0.7% lower.

The Pan-European STOXX 600 closed 1.1% up. The Telecom shares took a lead with a 1.7% gain, while the Travel & Tourism and Recreation sector opposed the positive movement with a 1% drop.

London’s FTSE opened 40 points lower at 6,226. Germany’s DAX 12 points lower at 13,056. France’s CAC 40 down by13 points at 5,065. And Italy’s FTSE MIB 31 points down at 20,355.

On the earnings front, U.S. stocks after being pushed by the surging technology sector outperformed and closed at its all-time high before the coronavirus pandemic. The dollar declined and Treasury yields climbed to five-week highs. The heavyweight Microsoft Corp, Tesla Inc., Amazon.com Inc., and Apple Inc were among the top boost at the time of writing.

The US Dollar Index dropped to a new low near 93.30 and the Dollar Spot Index fell 0.2% to 1,179.14, the largest decline in a week.

The euro gained 0.4% to $1.1788, the biggest boost in a week. The dollar was low 0.2% on the euro at $1.1806 while sterling inched off a one-week low. The Japanese yen fell 0.4% to 106.89 per dollar, the lowest in three weeks.

The Australian dollar rose after data showed better-than-expected hiring figures last month, but as it was not enough to avoid a rise in unemployment data to a two-decade high, the currency settled steadily at $0.7168.

In Commodity Markets, West Texas Intermediate crude rose 2.3% to $42.56 a barrel, the steepest in about the last five months on a 3 weeks point.

Gold changed a little at $1,911.27 an ounce, the weakest in roughly three weeks. Copper inched up 0.2% to $2.88 a pound. Silver for actual delivery rose 1.4% to $25.8704 an ounce after an increase of 2.9% on Wednesday with a 15% drop on Tuesday.

In Cryptocurrency Markets, Bitcoin trading volumes for combined global peer-to-peer (P2P) have surged to their highest levels since January 2018, with nearly $95 million worth of Bitcoin exchanged on the LocalBitcoins and Paxful.com within the first week of August.

Ethereum was trading at $392 after advancing 1.26% from the opening value at $387 with an intraday high traded at $394.

TECHNICAL SUMMARY

EUR/USD

EUR/USD D1

TRADE SUGGESTION- BUY AT 1.18092, TAKE PROFIT AT 1.18345 AND STOP AT 1.17850

USD/JPY

USD/JPY D1

TRADE SUGGESTION –BUY AT 106.480, TAKE PROFIT AT 106.701 AND STOP AT 106.278

GBP/USD

GBP/USD D1

TRADE SUGGESTION- BUY AT 1.30582, TAKE PROFIT AT 1.30858 AND STOP AT 1.30345

AUD/USD

AUD/USD D1

TRADE SUGGESTION- BUY AT 0.71510, TAKE PROFIT AT 0.71785 AND STOP AT 0.71344

GOLD

GOLD D1

TRADE SUGGESTION- BUY AT 1930.12, TAKE PROFIT AT 1980.76 AND STOP AT 1880.50

DOW JONES

DOW JONES D1

TRADE SUGGESTION- BUY AT 27840, TAKE PROFIT AT 27890 AND STOP AT 27789

TESLA

TESLA D1

TRADE SUGGESTION- BUY AT 1549.38, TAKE PROFIT AT 1710.41 AND STOP AT 1371.99

ETHEREUM

ETHEREUM D1

TRADE SUGGESTION- BUY AT 384.32, TAKE PROFIT AT 394.49 AND STOP AT 376.90

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CSFX.Support · Aug 14, 2020

The report presents a summary of all upcoming and recent fundamental events as well as technical analysis for the major markets.
DAILY REPORT – 14th Aug 2020

In early news from The European session today, the dollar edged lower. The focus remains on the lack of a new relief package to help the U.S. economy recover from the damages inflicted by the corona pandemic. The Dollar Index was down 0.1% at 93.235. GBP/USD and EUR/USD were flat at 1.3062 and 1.1812 respectively, ahead of Q2 Eurozone GDP, which will be released later in the day. USD/JPY fell 0.1% to 106.84. The USD/CNY pair rose 0.04% to 6.9468. The AUD/USD declined 0.01% to 0.7147. And the NZD/USD pair was down 0.21% to 0.6531 at the time of writing.

Based on the earnings season performance thus far, U.S. stocks likely have more upside as they factor in American growth prospects and the Covid-19 vaccine outlook. At the close on Thursday, the Dow Jones Industrial Average lost 0.29%, while the S&P 500 index lost 0.20%, and the NASDAQ Composite index added 0.27%.

European equities were trading in the negative territory early on friday. Stocks of Travel companies were hit badly after Britain added more European countries to its quarantine list. The pan-European STOXX 600 was down by 0.8%. In the Cash Markets, the DAX futures contract traded 0.2% higher, the CAC 40 futures rose 0.1%, while the FTSE 100 futures contract remained flat.

Asia-Pacific markets were trading in mixed territory. At the close in Tokyo, the Nikkei 225 rose 0.17% hitting a new 3-month high. China’s Shanghai Composite was down by 0.09%, while the Shenzhen Component was up 0.63%. Hong Kong’s Hang Seng Index was down 0.04%. South Korea’s KOSPI moved up by 1.31% and the ASX 200 rose 0.50%, at the time of writing.

On the US data front, july retail sales, out at 8:30 AM ET (1230 GMT) will be very crucial. It is expected that the numbers have improved in July, though the growth rate is unlikely to match the figures for May and June.

In the Commodity Markets, Oil prices continue to be supported by indications of a slowdown in crude production. WTI futures rose 0.33% to $42.38 and  Brent oil futures gained 0.36% to $45.12. Oil looks poised to register a second week of gains. Gold futures dropped 0.71% to $1,956.40.

In additional news related to precious metals, Spot gold fell 0.1% to $1,952.01 an ounce by 0356 GMT. Bullion has declined by 4% this week. This is the biggest weekly percentage fall since March. U.S. gold futures declined 0.5% to $1,960.50. And silver dropped 1.1% to $27.26 per ounce. Platinum fell 0.3% to $954.05 and palladium fell down 0.9% to $2,148.56, at the time of writing.

In the Cryptocurrency Markets, Bitcoin (BTC) price appears to be gearing up for a third attack on the $12K mark, after recovering 6.3% from a previous low of $11,200 on Aug. 11. Ethereum inched up 8% and has broken the $400 barrier against the US Dollar over the last 24 hours. Ethereum is trading at a new 2-year high above $430 and is likely to continue its upward trend.

TECHNICAL SUMMARY

GBP/USD

GBP/USD D1

TRADE SUGGESTION- BUY AT 1.30712, TAKE PROFIT AT 1.31342 AND STOP AT 1.30142

USD/JPY

USD/JPY D1

TRADE SUGGESTION –BUY AT 106.800, TAKE PROFIT AT 107.418 AND STOP AT 106.207

USD/CHF

USD/CHF D1

TRADE SUGGESTION- SELL AT 0.91045, TAKE PROFIT AT 0.90717 AND STOP AT 0.91765

NZD/USD

NZD/USD D1

TRADE SUGGESTION- SELL AT 0.65378, TAKE PROFIT AT 0.64889 AND STOP AT 0.65944

SILVER

SILVER D1

TRADE SUGGESTION- BUY AT 26.792, TAKE PROFIT AT 28.093 AND STOP AT 25.455

S&P 500

S&P 500 D1

TRADE SUGGESTION- BUY AT 3370.95, TAKE PROFIT AT 3396.05 AND STOP AT 3310.45

AMAZON

AMAZON D1

TRADE SUGGESTION- BUY AT 3160.50, TAKE PROFIT AT 3230.77 AND STOP AT 3099.52

BTC/USD

BTC/USD D1

TRADE SUGGESTION- BUY AT 11680.21, TAKE PROFIT AT 11854.63 AND STOP AT 11520.58

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CSFX.Support · Aug 18, 2020

DAILY REPORT – 18th Aug 2020

US stocks closed higher on Monday. The Nasdaq Composite rose 1% to 11,129.73, set up its fifth closing high for the month. The Dow Jones Industrial Average dropped 0.31% to 27,844.91 points. The S&P 500 inched up 0.27% to 3,381.99.

market participants are closely monitoring the developments in the US-China technology war which could become a major theme for the market over the next few days and weeks in the run up to the US election. On Monday, President Donald Trump’s administration further tightened restrictions on Huawei by cutting off the telecommunications giant from chips made by foreign firms to use by the U.S. software or technology companies. In the news related to Tik Tok, Microsoft is currently seen as the biggest turner in the race to buy TikTok’s operations in the United States.

European equities were trading in negative territory. In the Cash Markets, the CAC 40 fell 0.1% and FTSE inched down 0.2%. The pan-European STOXX 600 fell 0.7% in early deals with banks, SX7P, energy firms, SX7E, insurers SXIP and automakers SXAP dropped between 0.8% and 0.9%. The DAX inched up 0.07% to 12929.55, at the time of writing.

Asia-Pacific markets were trading in mixed territory on Tuesday. The Kospi fell down 2.46% to 2,348.24, shares of Hyundai Motor inched down 5.39%. The Shanghai composite increased 0.36% to about 3,451.09 and the Shenzhen component rose 0.189% to around 13,768.17. Hong Kong’s Hang Seng Index rose 0.29% to 25366.5. The Nikkei 225 dropped 0.2% to close
at 23,051.08. Shares in Australia rose with the S&P/ASX 200 up 0.77% to 6,123.40.

On the data front, the New York Fed’s Empire data released yesterday shows State business conditions index fell to 3.7 in August from 17.2 in July–far lower than the forecast figure of 15 points.

The dollar continues to fall and hit a fresh low against a range of currencies on Tuesday. The yuan firmed to 6.9246 per dollar. The dollar fell over 0.1% to a new 5.5 year low of 0.9049, against the Swiss franc. The euro was at $1.1891 and the AUD rose 0.12% to $0.7225. The Japanese yen rose 106 points to 105.63.

In the Commodity Markets, Spot gold rose 0.2% to $1,990.13 per ounce, and U.S. gold futures inched up 0.1% to $1,999.70. Silver rose 1.4% to $27.77 per ounce, and platinum increased 0.9% to $958.17. Palladium inched down 1% to $2,176.75 at the time of writing. Brent oil prices inched down 22 cents to 45.15 at the time of writing. U.S. crude slipped down 23 cents at $42.66 a barrel.

According to OPEC+ sources, compliance with production targets was at 97% in July. The OPEC+ group agreed in August to lighten the volume of cut-backs to 7.7 million bpd from the 9.7 million bpd implemented previously as demand gradually returns to the world economy and countries start re-opening. The oil producers restrained production by record levels to decrease the inventories to balance the demand which is collapsed due to the coronavirus pandemic.

In the Cryptocurrency Markets, Bitcoin surpassed the levels above $12,000 for the third time in this month. Ethereum rose to $445 to trade a new yearly high of $447. Ripple moved upwards and is trading at $0.315. Litecoin started a steady increase and is above $55 at the time of writing.

TECHNICAL SUMMARY

EUR/USD

EUR/USD D1

TRADE SUGGESTION- BUY AT 1.18850, TAKE PROFIT AT 1.19423 AND STOP AT 1.18244

GBP/USD

GBP/USD D1

TRADE SUGGESTION –BUY AT 1.31300, TAKE PROFIT AT 1.31975 AND STOP AT 1.30689

AUD/JPY

AUD/JPY D1

TRADE SUGGESTION- BUY AT 76.2990, TAKE PROFIT AT 76.5510 AND STOP AT 75.7890

USD/CHF

USD/CHF D1

TRADE SUGGESTION- SELL AT 0.90536, TAKE PROFIT AT 0.90015 AND STOP AT 0.90979

DAX 30

DAX 30 D1

TRADE SUGGESTION- BUY AT 12890.5, TAKE PROFIT AT 12999.9 AND STOP AT 12745.5

BURBERRY

BURBERRY D1

TRADE SUGGESTION- BUY AT 1415.2000, TAKE PROFIT AT 1450.6900 AND STOP AT 1389.7000

COFFEE

COFFEE D1

TRADE SUGGESTION- BUY AT 116.26, TAKE PROFIT AT 119.78 AND STOP AT 112.23

DASH

DASH D1

TRADE SUGGESTION- BUY AT 95.354000, TAKE PROFIT AT 99.974000 AND STOP AT 91.098000

CSFX.Support · Aug 19, 2020

DAILY REPORT – 19th Aug 2020

In Major news overnight, the S&P 500 managed to recover from earlier losses as it rose to an all-time high. The S&P 500 futures rose to an all-time high on Tuesday with 0.23% gain on the day, to 3,389.78. In early trading today, Dow futures were trading lower by 0.24% at 27,778.07 and Nasdaq 100 futures inched up 0.73% to 11,210.84, at the time of writing.
European equities are trading in positive territory, with food and beverages inching 0.3% higher. In the Cash Markets, the CAC 40 rose 0.04% at 4,938.92 and the DAX inched up 0.04% to 12,883.25, while the STOXX 600 edged 0.2% lower, at the time of writing.

Asia-Pacific markets were trading in mixed territory. In the cash markets today, the ASX 200 rose 0.77% and was trading at 6,143.34. The Shanghai Composite dropped 0.3% while the Shenzhen component inched down 1.054%. In Japan, the Nikkei 225 rose by 0.25% and the Topix index advanced 0.12%. at the time of writing.

On the earnings front, Bright Mountain Media Inc, Pharmagreen Biotech, and Teo Foods Inc. are scheduled to report their quarterly results before the U.S. market opens today.

On the data front, the U.K. Consumer Price Index YoY came out earlier today, with the reading at 1.0%, higher than the previous figure of 0.6%. In the United States, the FOMC Minutes are scheduled to be released by the Board of Governors of the Federal Reserve later today. In other data to eat h out, Canadian Core Consumer Price Index YoY will be released at 12:30 local time today.

The dollar index was steady at 92.333 after hitting a more than two-year low of 92.154 in the last session.The Japanese yen was trading at 105.58 per dollar followed by its previous high of 105.09 against the greenback. The Australian dollar was trading at $0.7234. USD/CAD inched down 0.15% to 1.3147 while Euro futures fell 0.01% and were trading at 1.1946. NZD/USD rose 0.48% to 0.6628 and GBP futures rose 0.11% to 1.3259, at the time of writing.

In the Commodity Markets, gold futures fell 0.5% to $2,002.50 and Spot gold was down 0.4% at $1,993.68 per ounce. Silver dropped 0.3% to $27.58 per ounce. Platinum inched down 0.5% to $950.63, and palladium slipped 0.7% to $2,173.62. Brent Crude futures fell 0.7%, to $45.13 a barrel, at the time of writing. U.S. West Texas Intermediate crude futures were down 0.5%, at $42.68 a barrel.

In the Cryptocurrency Markets, Bitcoin dropped 3.51% to $11,816.9 and Ethereum inched down 4.16% to $413.03 respectively in the last 24 hours. Litecoin fell 5.80% to $63.186 and Dash rose 7.07% to $90.44, at the time of writing.
In news related to the cryptocurrency markets, Ren is in second place behind Wrapped Bitcoin, with ren BTC accounting for around 9.5K currently, after reaching the 10K mark on August 17. In other news from the world of Digital Currency, with the global air industry in disruption due to the coronavirus pandemic and an increase in flight delays and cancellations, a startup company in Bulgaria has come up with the option for travelers to receive compensation in Bitcoin.

TECHNICAL SUMMARY

EUR/USD

EUR/USD D1

TRADE SUGGESTION- BUY AT 1.19265, TAKE PROFIT AT 1.19999 AND STOP AT 1.18507

GBP/USD

GBP/USD D1

TRADE SUGGESTION –BUY AT 1.32310, TAKE PROFIT AT 1.33240 AND STOP AT 1.30865

NZD/USD

NZD/USD D1

TRADE SUGGESTION- BUY AT 0.65965, TAKE PROFIT AT 0.66673 AND STOP AT 0.64989

EUR/CAD

EUR/CAD D1

TRADE SUGGESTION- BUY AT 1.56995, TAKE PROFIT AT 1.57870 AND STOP AT 1.54918

FTSE 100

FTSE 100 D1

TRADE SUGGESTION- SELL AT 6082.3, TAKE PROFIT AT 6000.5 AND STOP AT 6179.1

BOEING CO.

BOEING CO. D1

TRADE SUGGESTION- SELL AT 171.16, TAKE PROFIT AT 166.99 AND STOP AT 176.20

GOLD

GOLD D1

TRADE SUGGESTION- BUY AT 1985.70, TAKE PROFIT AT 2012.19 AND STOP AT 1950.86

RIPPLE

RIPPLE D1

TRADE SUGGESTION- SELL AT 0.288700, TAKE PROFIT AT 0.265100 AND STOP AT 0.312500

CSFX.Support · Aug 20, 2020

The report presents a summary of all upcoming and recent fundamental events as well as technical analysis for the major markets.
DAILY REPORT – 20th Aug 2020

European stock markets opened lower in the early trading session today as world markets pulled back after the Federal Reserve expressed concern over the pace of recovery in the United States and the renewed political tensions between the

U.S. and China. In the Cash Markets, the DAX futures contract in Germany traded 0.9% lower. The FTSE 100 futures contract in the U.K. inched down 1.2%, while CAC 40 futures in France was down 1.4%. The STOXX 600 edged 1.20% lower, at the time of writing.

Asia Pacific markets slipped overnight after Wall Street turned negative on the Fed’s apprehension. Mainland Chinese stocks were also lower, whereas, its benchmark lending rate remains steady. The Shanghai Composite was down about 1.1% while the Shenzhen component dipped 1.154%. Hong Kong’s Hang Seng Index dropped 1.52% at the time of writing.

In Japan, the Nikkei 225 inched down 0.91% while the Topix index dropped 0.73%. Over in Australia, the S&P/ASX 200 fell 0.85%. Overall, the MSCI Asia ex-Japan index inched down 1.68%.

US stocks slipped after the release of the Fed Minutes. Apple became the most valuable company traded on the stock market and hit the $2 Trillion Market Cap target. Microsoft and Amazon each traded at about $1.6 trillion, followed by Google owned Alphabet, at just over $1 trillion. In the cash market, the benchmark S&P 500 Index fell 0.50% and settled at 3374.85. The blue chip Dow Jones Industrial Average inched down 0.34% and finished at 27692.88. The tech-based NASDAQ Composite closed 0.68% lower at 11146.46.

On the data front, euro area construction output for the month of June released earlier at 10 a.m. London's time today. The actual reading was 4.04% which was 29.37% higher than the previous data. The European Central Bank (ECB) will release the account of its previous monetary policy meeting later today. The last major data release today is from the US. The United States will release its Initial Jobless Claims Data for this week at 8:30 am local time today.

The dollar was flat at 92.983 on Thursday morning over disappointing minutes from the last policy meeting of the U.S. Federal Reserve. The USD/CNY pair inched up 0.02% to 6.9202. USD/CAD inched up 0.11% to 1.3223 and NZD/USD fell 0.40% to 0.6531, at the time of writing.

The Australian dollar fell below 72 cents and is trading at $0.7185 after hitting an 18-month high of $0.7275 before the meeting. Japanese yen futures fell to 0.943000. EUR/USD traded 0.1% higher at 1.1849 after a similar sharp drop. GBP futures fell 0.33% to 1.3077 while Euro futures were down 0.35% and were trading at 1.1821,

In the Commodity Markets, oil prices weakened after the release of the Fed’s minutes. The minutes amounted to a warning about the recovery in demand while U.S. oil inventories dropped for a fourth straight week. U.S. crude futures traded 1% lower at $42.69 a barrel, while the international benchmark Brent Crude inched down 0.8%, to $45.01 a barrel.

In the Precious Metals Market, Gold advanced after the sharp drop in yesterdays session. Spot gold rose up 0.9% at $1,946.09 per ounce, and gold futures dropped 0.7% to $1,955.85 per ounce. Silver inched up 1.2% to $27.05 per ounce, platinum increased 0.8% to $938.81, and palladium advanced 0.3% to $2,163.50.

In the Cryptocurrency Markets, Ripple was exhibiting early signs of momentum, and rose 10.27%. Bitcoin dropped 0.476% to $11,701 and Ethereum inched down 0.951% to $404.03 respectively in the last 24 hours. Litecoin fell 4.04% to $62.16, and Dash dropped 1.16% to $88.55, at the time of writing.

TECHNICAL SUMMARY

EUR/USD

EUR/USD D1

TRADE SUGGESTION- SELL AT 1.18502, TAKE PROFIT AT 1.17926 AND STOP AT 1.19166

USD/CHF

USD/CHF D1

TRADE SUGGESTION – BUY AT 0.91427, TAKE PROFIT AT 0.92321 AND STOP AT 0.90536

EUR/GBP

EUR/GBP D1

TRADE SUGGESTION- BUY AT 0.90370, TAKE PROFIT AT 0.90765 AND STOP AT 0.89571

AUD/USD

AUD/USD D1

TRADE SUGGESTION- BUY AT 0.71716, TAKE PROFIT AT 0.72735 AND STOP AT 0.69971

NIKKEI 225

NIKKEI 225 D1

TRADE SUGGESTION- BUY AT 22800, TAKE PROFIT AT 22999 AND STOP AT 22587

FORD MOTOR CO.

FORD MOTOR CO. D1

TRADE SUGGESTION- SELL AT 7.00, TAKE PROFIT AT 6.70 AND STOP AT 7.48

CRUDE OIL

CRUDE OIL D1

TRADE SUGGESTION- BUY AT 42.64, TAKE PROFIT AT 43.67 AND STOP AT 41.19

BTC/USD

BTC/USD D1

TRADE SUGGESTION- BUY AT 11665.07, TAKE PROFIT AT 11988.19 AND STOP AT 11416.62

CSFX.Support · Aug 25, 2020

The report presents a summary of all upcoming and recent fundamental events as well as technical analysis for the major markets.
DAILY REPORT – 25th Aug 2020

European stocks have opened higher on Tuesday, following upbeat trade in markets in the U.S. and Asia Pacific. In the Cash Markets, London’s FTSE rose 26 points to 6,130, Germany’s DAX inched up 110 points to 13,174, France’s CAC 40 advanced 29 points to 5,037 and Italy’s FTSE MIB was 143 points higher at 20,213, by the time of writing.

In overnight news from US markets, the S&P 500 on Monday touched another record high, rising 1% and for the very first time closed above 3,400. A further boost to the markets came after U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin and Chinese Vice Premier Liu He reported positive discussions regarding the implementation of the historic Phase One Agreement between the United States and China.

Dow futures were trading higher by 1.35% at 28,308.46. SP500 Futures rose 0.49% to 3,444.38, and Nasdaq 100 futures inched up 0.60% to 11,379.72 3, respectively, at the time of writing.

Asia-Pacific markets were trading higher today as airline stocks rose in the early trading session. The Nikkei 225 climbed 1.76% while the Topix index edged up 1.51%. South Korea’s Kospi rose 1.29%. And in Australia, S&P/ASX 200 inched up 0.31%. Overall, the MSCI Asia ex-Japan index advanced 0.15% at the time of writing.

On the other hand, Mainland Chinese stocks were mixed by the afternoon. The Shanghai Composite fell 0.19% while the Shenzhen component jumped 0.158%. Hong Kong’s Hang Seng Index inched down about 0.5%.

On the data front, EUR Gross Domestic Product (GDP) data was released earlier today, with the actual figure at -9.7% a little lower than the forecast. The German Ifo Business Climate Index readings for the current German business climate that measures expectations for the next six months are scheduled to be released later today. In the USA, Conference Board (CB) Consumer Confidence Index for August and data for New Home Sales for July will be released at 10:00 local time today.
The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 93.153 after touching an earlier high of 93.347. The Japanese yen inched down 0.04% to 105.93. The AUD/USD pair advanced 0.22% to 0.7177 and the NZD/USD pair edged up 0.12% to 0.6533. The USD/CNY pair edged down 0.13% to 6.9092. The GBP/USD pair edged up 0.20% to 1.3089, at the time of writing.

In the Commodity Markets, oil prices were trading mixed. Global benchmark Brent Crude futures inched up about 0.2% at $45.22 per barrel. WTI crude futures fell 0.19% to $42.54 per barrel. Spot gold was up 0.2% to $1,935.88 per ounce by 0335 GMT. U.S. gold futures gained 0.1% at $1,941.60. Elsewhere, silver increased 0.6% to $26.71 per ounce, platinum climbed 1.2% to $926.32, and palladium rose 0.9% to $2,180.47.

In the Cryptocurrency Markets, BTC/USD inched down 0.39% and was trading at 11,645.0. Ethereum inched up 0.59% to $398.85. Litecoin was down 1.10% to 60.850, and Dash fell 3.54% to 89.15. Ripple edged down 0.90% to 0.285297, at the time of writing. According to an update from crypto market yesterday, Binance, one of the major crypto exchanges will now allow Floridians to buy, trade, and earn digital assets. Binance US has not yet removed Florida from the list of states in which its services can be lawfully used that includes Alabama, Alaska, Connecticut, Georgia, Hawaii, Idaho, Louisiana, New York, North Carolina, Texas, Vermont, and Washington.

TECHNICAL SUMMARY

EUR/USD

EUR/USD D1

TRADE SUGGESTION- SELL AT 1.18010, TAKE PROFIT AT 1.17545 AND STOP AT 1.18601

EUR/GBP

EUR/GBP D1

TRADE SUGGESTION – SELL AT 0.90214, TAKE PROFIT AT 0.89769 AND STOP AT 0.90624

NZD/USD

NZD/USD D1

TRADE SUGGESTION- SELL AT 0.65289, TAKE PROFIT AT 0.64704 AND STOP AT 0.65870

EUR/CAD

EUR/CAD D1

TRADE SUGGESTION- BUY AT 1.55989, TAKE PROFIT AT 1.56720 AND STOP AT 1.55235

CAC 40

CAC 40 D1

TRADE SUGGESTION- BUY AT 5057.5, TAKE PROFIT AT 5117.0 AND STOP AT 4994.5

BRENT CRUDE

BRENT CRUDE D1

TRADE SUGGESTION- BUY AT 45.11, TAKE PROFIT AT 46.01 AND STOP AT 44.00

GOLD

GOLD D1

TRADE SUGGESTION- BUY AT 1929.14, TAKE PROFIT AT 1960.18 AND STOP AT 1892.99

RIPPLE

RIPPLE D1

TRADE SUGGESTION- SELL AT 0.283510, TAKE PROFIT AT 0.276200 AND STOP AT 0.289900

CSFX.Support · Aug 26, 2020

The report presents a summary of all upcoming and recent fundamental events as well as technical analysis for the major markets.
DAILY REPORT – 25th Aug 2020
Asia Pacific markets slipped overnight.In Japan, the Nikkei 225 inched down 0.18% while the Topix index fell 0.21%. South Korea’s Kospi fell 0.24%. Meanwhile, Australia’s S&P/ASX 200 was 0.87% lower and overall the MSCI Asia ex-Japan index dropped 0.22%.

Mainland Chinese stocks were down by the afternoon, with the Shanghai composite inching down about 1.1% while the Shenzhen component dropped 1.515%. Hong Kong’s Hang Seng Index also dropped 0.21%.

Overnight on Wall Street, the S&P 500 and Nasdaq Composite climbed up and were trading at their all-time highs. The larger market index inched up 0.4% at 3,443.62, while the tech-heavy Nasdaq advanced 0.8% and finished up at 11,466.47. The Dow Jones Industrial Average declined 0.2% and closed at 28,248.44.

European stocks opened in flat territory on Wednesday, giving up the positive momentum seen earlier this week. In the Cash Markets, London’s FTSE rose 5 points to 6,042, Germany’s DAX inched up 9 points at 13,086, France’s CAC 40 gained 4 points at 5,016 and Italy’s FTSE MIB rose 43 points at 20,039.

On the data front, U.S. consumer confidence fell to the lowest levels in more than six years due to the concerns over the number of corona induced jobless people. Later today, U.S. Consumer durables data is scheduled to be released, and is expected to show that U.S. durable goods orders dropped by 4.3% in July in a month-on-month estimate for July. In June the month-on-month data had reported growth of 7.6%.

In corporate news today, Chinese tech giant Alibaba’s partner Ant Group on Tuesday filed for a concurrent listing on the Hong Kong stock exchange and the Shanghai Stock Exchange’s STAR market, which is a tech board like the Nasdaq. Shares of Alibaba that are listed in Hong Kong advanced 3.57% by the afternoon.

The dollar held steady against most currencies on Wednesday. Against the euro, the dollar remained at $1.1816 on Wednesday, followed by a 0.4% decline in the previous session. The onshore yuan rose up to 6.9002 per dollar. USD/JPY was mostly flat and was trading at 106.34, while EUR/USD was down 0.2% at 1.1814. GBP/USD rose 0.7% and then remained subdued at 1.3150. The AUD/USD advanced 0.12% to 0.7204. And the NZD/USD pair edged up 0.15% to 0.6554, at the time of writing.

In the Commodity Markets, Spot gold was flat at $1,928.35 per ounce and U.S. gold futures inched up 0.6% to $1,934.70. Elsewhere, silver was down 0.3% to $26.35 per ounce, platinum gained 0.1% to $926, and palladium edged down 0.7% to $2,149.97.

In news related to Crude Oil, Brent crude oil futures advanced 0.2%, to $45.94 a barrel. While, U.S. WTI crude fell 0.1%, to $43.33 a barrel.

In the Cryptocurrency Markets, BTC/USD inched down 2.42% and was trading at 11,336.7. Ethereum edged down 3.54% to $381.78. Litecoin fell 5.85% to 57.281, and Dash dropped 4.88% to 85.16. While Ripple edged down 2.79% to 0.276361, at the time of writing.

TECHNICAL SUMMARY

EUR/USD

EUR/USD D1

TRADE SUGGESTION- BUY AT 1.18159, TAKE PROFIT AT 1.18639 AND STOP AT 1.17675

GBP/USD

GBP/USD D1

TRADE SUGGESTION – BUY AT 1.31342, TAKE PROFIT AT 1.32327 AND STOP AT 1.30292

USD/JPY

USD/JPY D1

TRADE SUGGESTION- BUY AT 106.163, TAKE PROFIT AT 106.630 AND STOP AT 105.652

USD/CAD

USD/CAD D1

TRADE SUGGESTION- SELL AT 1.31940, TAKE PROFIT AT 1.31056 AND STOP AT 1.32756

NASDAQ 100

NASDAQ 100 D1

TRADE SUGGESTION- BUY AT 11735.00, TAKE PROFIT AT 11863.00 AND STOP AT 11602.75

SILVER

SILVER D1

TRADE SUGGESTION- BUY AT 26.340, TAKE PROFIT AT 26.900 AND STOP AT 25.360

GOLD

GOLD D1

TRADE SUGGESTION- SELL1926.79 AT 1905.61, TAKE PROFIT AT 1960.18 AND STOP AT 1951.30

BTC/USD

BTC/USD D1

TRADE SUGGESTION- SELL AT 11400.04, TAKE PROFIT AT 11114.58 AND STOP AT 11679.66

CSFX.Support · Aug 26, 2020

The report presents a summary of all upcoming and recent fundamental events as well as technical analysis for the major markets.
DAILY REPORT – 26th Aug 2020

Asia Pacific markets slipped overnight. In Japan, the Nikkei 225 inched down 0.18% while the Topix index fell 0.21%. South Korea’s Kospi fell 0.24%. Meanwhile, Australia’s S&P/ASX 200 was 0.87% lower and overall the MSCI Asia ex-Japan index dropped 0.22%.
Mainland Chinese stocks were down by the afternoon, with the Shanghai Composite inching down about 1.1% while the Shenzhen component dropped 1.515%. Hong Kong’s Hang Seng Index also dropped 0.21%.

Overnight on Wall Street, the S&P 500 and Nasdaq Composite climbed up and were trading at their all-time highs. The larger market index inched up 0.4% at 3,443.62, while the tech-heavy Nasdaq advanced 0.8% and finished up at 11,466.47. The Dow Jones Industrial Average declined 0.2% and closed at 28,248.44.

European stocks opened in flat territory on Wednesday, giving up the positive momentum seen earlier this week. In the Cash Markets, London’s FTSE rose 5 points to 6,042, Germany’s DAX inched up 9 points at 13,086, France’s CAC 40 gained 4 points at 5,016 and Italy’s FTSE MIB rose 43 points at 20,039.

On the data front, U.S. consumer confidence fell to the lowest levels in more than six years due to the concerns over the number of corona induced jobless people. Later today, U.S. Consumer durables data is scheduled to be released, and is expected to show that U.S. durable goods orders dropped by 4.3% in July in a month-on-month estimate for July. In June the month-on-month data had reported growth of 7.6%.

In corporate news today, Chinese tech giant Alibaba’s partner Ant Group on Tuesday filed for a concurrent listing on the Hong Kong stock exchange and the Shanghai Stock Exchange’s STAR market, which is a tech board like the Nasdaq. Shares of Alibaba that are listed in Hong Kong advanced 3.57% by the afternoon.

The dollar held steady against most currencies on Wednesday. Against the euro, the dollar remained at $1.1816 on Wednesday, followed by a 0.4% decline in the previous session. The onshore yuan rose up to 6.9002 per dollar. USD/JPY was mostly flat and was trading at 106.34, while EUR/USD was down 0.2% at 1.1814. GBP/USD rose 0.7% and then remained subdued at 1.3150. The AUD/USD advanced 0.12% to 0.7204. And the NZD/USD pair edged up 0.15% to 0.6554, at the time of writing.
In the Commodity Markets, Spot gold was flat at $1,928.35 per ounce and U.S. gold futures inched up 0.6% to $1,934.70. Elsewhere, silver was down 0.3% to $26.35 per ounce, platinum gained 0.1% to $926, and palladium edged down 0.7% to $2,149.97.
In news related to Crude Oil, Brent Crude oil futures advanced 0.2%, to $45.94 a barrel. While, U.S. WTI crude fell 0.1%, to $43.33 a barrel.
In the Cryptocurrency Markets, BTC/USD inched down 2.42% and was trading at 11,336.7. Ethereum edged down 3.54% to $381.78. Litecoin fell 5.85% to 57.281, and Dash dropped 4.88% to 85.16. While Ripple edged down 2.79% to 0.276361, at the time of writing.

TECHNICAL SUMMARY

EUR/USD

EUR/USD D1

TRADE SUGGESTION- BUY AT 1.18159, TAKE PROFIT AT 1.18639 AND STOP AT 1.17675

GBP/USD

GBP/USD D1

TRADE SUGGESTION – BUY AT 1.31342, TAKE PROFIT AT 1.32327 AND STOP AT 1.30292

USD/JPY

USD/JPY D1

TRADE SUGGESTION- BUY AT 106.163, TAKE PROFIT AT 106.630 AND STOP AT 105.652

USD/CAD

USD/CAD D1

TRADE SUGGESTION- SELL AT 1.31940, TAKE PROFIT AT 1.31056 AND STOP AT 1.32756

NASDAQ 100

NASDAQ 100 D1

TRADE SUGGESTION- BUY AT 11735.00, TAKE PROFIT AT 11863.00 AND STOP AT 11602.75

SILVER

SILVER D1

TRADE SUGGESTION- BUY AT 26.340, TAKE PROFIT AT 26.900 AND STOP AT 25.360

GOLD

GOLD D1

TRADE SUGGESTION- SELL1926.79 AT 1905.61, TAKE PROFIT AT 1960.18 AND STOP AT 1951.30

BTC/USD

BTC/USD D1

TRADE SUGGESTION- SELL AT 11400.04, TAKE PROFIT AT 11114.58 AND STOP AT 11679.66

CSFX.Support · Sep 8, 2020

The report presents a summary of all upcoming and recent fundamental events as well as technical analysis for the major markets.
DAILY REPORT – 08Th Sept. 2020

Asian shares gained on Tuesday as Japan released revised gross domestic product figures for the second quarter. Following a small bounce in European markets and shrugging off concerns over the latest U.S.-China tensions, as investors looked to whether high-flying U.S. tech shares could recover from their recent rout.
In Japan, the Nikkei 225 advanced 0.8% to close at 23,274.13 while the Topix index ending its trading day 0.69% higher at 1,620.89. Hong Kong’s Hang Seng index was up 0.3%. Mainland Chinese stocks edged higher on the day, as the Shanghai composite added 0.72% to about 3,316.42 while the Shenzhen component was a little higher at 13,293.33. South Korea’s Kospi rose 0.74% to close at 2,401.91. Shares in Australia also saw gains, with the S&P/ASX 200 inched up 1.06% to 6,007.80. Overall, the MSCI Asia ex-Japan index gained 0.46%. at the time of writing.
U.S. futures are pointing higher Tuesday as Wall Street looks to recover from its worst tech sell-off in five months, driven by 2020′s market leaders Amazon, Apple, Microsoft and Facebook.
The pan-European Stoxx 600 slid 0.3% below the flatline in early trade, with the tech sector falling another 1.2% while telecoms eked out 0.3% gains. In the cash markets, the DAX futures contract in Germany traded 0.2% higher, CAC 40 futures in France climbed 0.3%, while the FTSE 100 futures contract in the U.K. rose 0.4%.
On the data front, Revised second-quarter GDP growth data for the euro zone are expected at 10 a.m. A flash estimate had shown the bloc’s economy contracting by 15% between April and June. At the same time, final second-quarter employment figures are expected.
In corporate news, Reuters reported citing sources that Spanish lender Caixabank and state-owned Bankia are nearing an agreement to establish Valencia as their new joint headquarters, with other components of a possible takeover still under consideration. British Airways parent IAG will hold its annual shareholder meeting Tuesday, with CEO Willie Walsh set to hand over the reins to Iberia CEO Luis Gallego as the troubled airline group seeks billions of euros from shareholders to weather the coronavirus storm.
In the Corporate News today, Shares of Suppliers of Apple in Asia dipped. In Japan, Sharp and Murata Manufacturing fell 2.09% and 2.25% respectively. South Korea’s LG Display dropped 2%. Shares of Taiwan Semiconductor Manufacturing Company dropped 1.49%. Chinese tech stocks listed in Hong Kong also edged down. Stock prices of Tech company Alibaba dropped 4.93% while Tencent slipped 3.09% and Meituan Dianping fell 3.05%.
In the currency markets, The dollar held steady on Tuesday. the greenback was slightly stronger against a basket of currencies at 93.128 and firmed marginally against the euro at $1.1809. The Australian dollar stood at $0.7276 and the New Zealand dollar was little changed at $0.6685 The yen last changed hands at 106.29 per dollar. The pound edged 0.2% lower to $1.3146, after shedding 0.8% overnight, and sat a fraction above a two-week low against the euro at 89.76 pence. at the time of writing.
In the Commodity Markets, Gold prices slipped on Tuesday. Spot gold was down 0.2% at $1,925.09 per ounce by 0320 GMT. U.S. gold futures fell 0.2% to $1,931.20. Elsewhere, silver fell 0.8% to $26.78 per ounce and platinum eased 0.1% to $906.74, while palladium edged 0.1% higher to $2,296.80, at the time of writing.
Oil prices fell on Tuesday amid concerns that a possible rise in Covid-19 cases. U.S. West Texas Intermediate crude futures fell 76 cents, or 1.9%, to $39.01 per barrel at 0433 GMT, playing catch-up with a drop in Brent prices overnight. Brent crude futures eased 8 cents, or nearly 0.2%, to $41.93 a barrel, after falling 1.5% on Monday.
In the Cryptocurrency Markets, BTC/USD inched up 1.52% and was trading at 10,292. Ethereum edged up 1.36% to $349.33. Litecoin rose 2.75% to 48.638, and Dash inched up 10.18% to 76.69. Ripple edged up 1.93% to 0.24047, at the time of writing.

TECHNICAL SUMMARY

EUR/USD

EUR/USD D1

SELL SUGGESTION- SELL AT 1.18046, TAKE PROFIT AT 1.7997 AND STOP AT 1.18094

GBP/USD

GBP/USD D1

TRADE SUGGESTION – Sell AT 1.31330, TAKE PROFIT AT 1.31265 AND STOP AT 1.31575

USD/JPY

USD/JPY D1

TRADE SUGGESTION- BUY AT 106.223, TAKE PROFIT AT 106.247 AND STOP AT 105.199

USD/CHF

USD/CHF D1

TRADE SUGGESTION- BUY AT 0.91798, TAKE PROFIT AT 0.91806 AND STOP AT 0.91790

NASDAQ 100

NASDAQ 100 D1

TRADE SUGGESTION- BUY AT 11580.25, TAKE PROFIT AT 11694.20 AND STOP AT 11466.50

BRENT CRUDE

BRENT CRUDE D1

TRADE SUGGESTION- SELL AT 41.90, TAKE PROFIT AT 41.48 AND STOP AT 42.32

GOLD

GOLD D1

TRADE SUGGESTION- SELL AT 1933.86, TAKE PROFIT AT 1928.54 AND STOP AT 1939.18

BTC/USD

BTC/USD D1

TRADE SUGGESTION- SELL AT 10258.09, TAKE PROFIT AT 10234.38 AND STOP AT 10281.

CSFX.Support · Sep 9, 2020

The report presents a summary of all upcoming and recent fundamental events as well as technical analysis for the major markets.
DAILY REPORT – 09Th Sept. 2020

The dollar gained in the early trade session today, with the sharp falloff in U.S. equity markets. The Dollar Index inched up 0.1% at 93.562. EUR/USD dipped 0.1% to 1.1768, GBP/USD slipped 0.4% to $1.2939, while EUR/GBP gained 0.3% to 0.9093. The safe-haven yen rose to 105.83, on a one-week-high. The AUD/USD pair climbed 0.22% to 0.7177 and the NZD/USD pair edged up 0.12% to 0.6533. The USD/CNY pair edged down 0.13% to 6.9092.

On the data front, the policy meeting of the Bank of Canada is scheduled to release later today and the meeting of the U.S. Federal Reserve’s is scheduled for next week. Investors are eagerly waiting for the European Central Bank policy meeting due on Thursday. While no major policy changes are expected as the board has previously acted aggressively to support the virus-affected economy, investors will also be watchful for its inflation forecasts scheduled to release tomorrow.

European markets were trading on the negative territory in the early trading session today. The pan-European STOXX 600 climbed 0.8%, with travel and leisure stocks inched down 1.9% as coronavirus containment measures applied repeatedly in the Europe, while telecom sector jumped 2.1%. London’s FTSE rose 61 points to 5994, Germany’s DAX inched up 110 points to 13,084, France’s CAC 40 advanced 36 points to 5,009 and Italy’s FTSE MIB rose 143 points to 20,213. Euro STOXX 50 futures were up 0.86%, at the time of writing.

Overnight on Wall Street, the sell-off in blue-chip tech stocks continued following extensive losses till the end of the trading session on Tuesday. The Nasdaq Composite inched down 4.1% to close at 10,847.69 on Tuesday, the tech-heavy index was down 10% over the past three days. The Dow Jones Industrial Average plunged 2.3% to finish its trading day at 27,500.89. The S&P 500 slid 2.8% to close at 3,331.84.

Markets in Asia-Pacific declined Wednesday, with most of the losses in the technology shares regionally. Mainland Chinese stocks dropped today, with the Shanghai composite inched down 1.86% to 3,254.63 while the Shenzhen component dipped 3.247% to 12,861.75. Hong Kong’s Hang Seng Index dropped 0.63% to close at 24,468.93. Over in Australia, the S&P/ASX 200 dropped 2.15% to close at 5,878.60, with shares of the country’s leading banks like Commonwealth Bank of Australia and Westpac edged down. In Japan, the Nikkei 225 declined 1.04% to 23,032.54 while the Topix index decreased 0.96% to close at 1,605.40. South Korea’s Kospi also fell 1.09% to close at 2,375.81. Overall, the MSCI Asia ex-Japan index shed 1%.

In the Commodity Markets, Crude Oil was trading mixed. Global benchmark Brent crude futures inched up 0.2% to $45.22 per barrel. WTI crude futures rose 2.01% to $37.49 per barrel. In the precious metal, Spot gold inched down 0.2% to $1,935.88 per ounce. U.S. gold futures inched up 0.1% to $1,941.60. Elsewhere, silver rose 0.24% to $26.920 per ounce, platinum edged down to $907.32, and palladium dropped 0.66% to $2,280.47.

In the Cryptocurrency Markets, In a recent post by Chainalysis says that Ukraine has the first place in the Global Crypto Adoption Index 2020, accompanied by Russia and Venezuela at the second and third rank, respectively. BTC/USD inched down 0.85% and was trading at 10,645.0. Ethereum inched down 1.44% to $348.85. Litecoin was down 1.12% to 40.850, and Dash fell 3.54% to 75.15. Ripple edged down 0.90% to 0.224297, at the time of writing.

TECHNICAL SUMMARY

EUR/USD

EUR/USD D1

SELL SUGGESTION- SELL AT 1.17618, TAKE PROFIT AT 1.7557 AND STOP AT 1.17679

GBP/USD

GBP/USD D1

TRADE SUGGESTION – SELL AT 1.29200, TAKE PROFIT AT 1.29135 AND STOP AT 1.29135

USD/CAD

USD/CAD D1

TRADE SUGGESTION- BUY AT 1.31092 TAKE PROFIT AT 1.33446 AND STOP AT 1.34755

NZD/USD

NZD/USD D1

TRADE SUGGESTION- SELL AT 0.66112, TAKE PROFIT AT 0.65978 AND STOP AT 0.66252

DOW JONES

DOW JONES D1

TRADE SUGGESTION- SELL AT 27490, TAKE PROFIT AT 27155 AND STOP AT 278025

BRENT CRUDE

BRENT CRUDE D1

TRADE SUGGESTION- SELL AT 39.29, TAKE PROFIT AT 36.54 AND STOP AT 42.06

GOLD

GOLD D1

TRADE SUGGESTION- SELL AT 1924.88, TAKE PROFIT AT 1918.26 AND STOP AT 1931.1

BTC/USD

BTC/USD D1

TRADE SUGGESTION- SELL AT 9983.05, TAKE PROFIT AT 9825.63 AND STOP AT 10140.47

Daily Market Analysis by CapitalStreetFX

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