Daily Market Analysis by CapitalStreetFX

[CSFX.Support]

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

Overnight on Wall Street, the Dow Jones Industrial Average closed 439.58 points higher at 27,940.47. The S&P 500 jumped 2% to 3,398.96 and the Nasdaq Composite advanced 2.7% to 11,141.56. The U.S. Treasury department will auction $23 billion of 30-year bonds later in the day, along with $30 billion of 4-week bills and $35 billion of 8-week bills.

Stocks in Asia-Pacific were trading mixed in the early trade session today following the drop in the shares of Indonesia and China. Mainland Chinese stocks were flat in the afternoon trading, with the Shanghai Composite down 0.22% while the Shenzhen component slid 0.459%. Shares of Yum China slipped more than 3% from their issue price following the stock’s issue.

Hong Kong’s Hang Seng Index was 0.17% higher. The Nikkei 225 in Japan rose 0.88% to close at 23,235.47, while the Topix index advanced 1.21% to end its trading day at 1,624.86. South Korea’s Kospi gained 0.88%. Shares in Australia also advanced on the day, with the S&P/ASX 200 up 0.51% to 5,908.50. Overall, the MSCI Asia ex-Japan index edged 0.6% higher.
European shares inched higher on Thursday, with investors looking towards signs of further stimulus from the European Central Bank in the hopes of a strong euro. In the Cash Markets, France index CAC 40 rose 1.40% at 5042.98 and the German index DAX inched up 2.04% to 13,233.25, while the EURO STOXX 600 climbed up 1.62%. The FTSE 100 was also trading in the upward direction and inched up by 1.39% to 6012.89, at the time of writing.

On the data front, a meeting of the European Central Bank, with its policy decision, is due at 7:45 local time and will be followed by a news conference from President Christine Lagarde. The central bank is also scheduled to release new economic estimates of its employees and review its current policy. In the United States, the Initial Jobless Claims and Crude Oil Inventories are scheduled to be released at 11:00 local time today.

In the currency markets, the U.S. Dollar Index edged down 0.12% to 92.882. The USD/JPY pair declined 0.10% to 106.06. The AUD/USD was down by 0.18% to 0.7267 and the NZD/USD pair edged down 0.15% to 0.6672. The USD/CNY pair inched down 1.03% to 5.8833. The GBP/USD pair inched up 0.0008% to 1.3007, at the time of writing.

In the Commodity market, oil prices were steeper in the afternoon of Asian trading session, with international benchmark Brent Crude futures up 0.25% to $40.89 per barrel. And U.S. crude futures also gained 0.16% to $38.11 per barrel.

In the precious metals, Gold steadied near a one-week high on Thursday against a weakened dollar, the yellow metal traded in a small $8 range as investors had large bets ahead of the European Central Bank’s fiscal policy decision due later in the day. Spot gold was straight at $1,946.25 per ounce, after touching its highest since Sept. 3 at $1,950.51 on Wednesday. U.S. gold futures were stable at $1,954.90. Elsewhere, silver was flat at $27.02 per ounce, platinum advanced a little at $916.18 and palladium inched up 1% to $2,294.42.

In the Cryptocurrency Markets, BTC/USD inched up 1.18% and was trading at 10,301.9. Ethereum inched up 6.60% to $364.67. Litecoin up 1.2% to 48.262, and Dash inched down 1.73% to 75.32. Ripple inched 2.15% to 0.166221, at the time of writing.


TECHNICAL SUMMARY

EUR/USD

EUR/USD D1

SELL SUGGESTION- BUY AT 1.18325, TAKE PROFIT AT 1.19135 AND STOP AT 1.17515

GBP/USD

GBP/USD D1

TRADE SUGGESTION – SELL AT 1.29615, TAKE PROFIT AT 1.27775 AND STOP AT 1.31455


USD/JPY

USD/JPY D1

TRADE SUGGESTION- BUY AT 105.942 TAKE PROFIT AT 106.288 AND STOP AT 106.288


USD/CHF

USD/CHF D1

TRADE SUGGESTION- SELL AT 0.91074, TAKE PROFIT AT 0.65978 AND STOP AT 0.91782


S&P 500

S&P 500 D1

TRADE SUGGESTION- BUY AT 3446.00, TAKE PROFIT AT 3576.25 AND STOP AT 3576.25


BRENT CRUDE

BRENT CRUDE D1

TRADE SUGGESTION- SELL AT 41.17, TAKE PROFIT AT 39.34 AND STOP AT 42.97

GOLD

GOLD D1

TRADE SUGGESTION- BUY AT 1949.55, TAKE PROFIT AT 1971.75 AND STOP AT 1973.75

DASH

DASH D1

TRADE SUGGESTION- SELL AT 78.576, TAKE PROFIT AT 69.429 AND STOP AT 78.576

 

[CSFX.Support]

The report presents a summary of all upcoming and recent fundamental events as well as technical analysis for the major markets.
DAILY REPORT – 11Th Sept. 2020​

Britain’s recovery from the coronavirus pandemic continued as shops reopened and manufacturing activity resumed, but the economy has grown slowly. GDP now stands at 18.6% which is a little higher than the previous low ebb in April. However, it remains 11.7% below the levels indicated in February 2020 before the infection transmission to Britain.
European stock markets were opened mixed on Friday, with investors having an eye on a comparatively optimistic ECB and new weakened statistics of the Wall Street. The pan-European Stoxx 600 declined by 0.91% to 367.12. In the Cash Markets, the CAC 40 was trading lower by 0.38% at 5028.43 and the DAX declined by 0.26% to 13,202. Euro Stoxx 50 declined 0.36% to 3,312.09, at the time of writing.
Stocks in Asia-Pacific were trading mixed in early trade session today as the drop in the movement of the regional technology stock sector stateside. Mainland Chinese stocks were also mixed by the afternoon, with the shanghai compostite inched down 0.21% whereas the Shenzhen Component rose moderately. Hong Kong’s Hang Sang Index edged up 0.42%.
Meanwhile, in Japan, the Nikkei 225 rose 0.35% to 23,207.5, in the afternoon trading session. While the Topix index inched up 0.47% to 1620.75. South Korea’s Kospi inched down 0.65% to 315.45. And Australia’s S&P/ASX 200 dropped 0.74% to 5849.0.
Overnight in the United States, The Dow Futures is up by 0.56% to 27,753 while Nasdaq 100 futures declined by 2.12% and S&P 500 futures decreased 1.76% to 3,33987 respectively.
In corporate news, Shares of major Mier Rio Tinto dipped around 0.8% after the firm announced its chief executive Jean-Sébastien Jacques, who led the mining giant since 2016, will be stepping down by mutual agreement
On the Data front, GBP Manufacturing Production that measures the change in the overall inflation-adjusted value of output produced by manufacturers released today at 2:00 local time today. The actual rate is 6.3%, which is higher than the 5.05 forecast. EUR ECB President Lagarde Speak is scheduled at 5:30 local time today. From the USA, USD Core CPI Mom for the month of August will be released later in the day.
In the currency markets, the U.S. Dollar Index edged down 0.12% to 92.882, after an earlier high of 93.352. The USD/JPY gained 0.04% to 106.16. The AUD/USD was up by 0.37% to 0.7284 and the NZD/USD pair edged up by 0.24% to 0.6665. The USD/CNY pair inched down to 6.8833. The GBP/USD pair inched up 0.0027% to 1.2827, at the time of writing.
In the Commodity Markets, Gold prices fell on Friday as the U.S. dollar rebounded, spot Gold was down 0.8% at $1,938.53 per ounce by 0308 GMT, after hitting its best level since September 2 at $1,965.94 on Thursday. Gold has gained 0.4% this week. U.S. gold futures fell 0.8% to $1,948. Elsewhere, silver dropped 1.2% to $26.61 per ounce and palladium lost 0.7% to $2,278.86. Platinum eased 0.4% to $922.43, but was heading for its best week since week-ending August 7, up 3%.
Oil prices were lower in the afternoon of Asian trading hours, U.S. crude futures traded 0.3% lower at $37.19 a barrel, while the international benchmark Brent contract fell 0.4% to $39.89. Both major benchmarks are down around 6.5% for the week and headed for a second week of declines.
In the Cryptocurrency Markets, BTC/USD inched down 0.49% and was trading at $10,283.6. Ethereum edged down 1.34% to $363.15. Litecoin fell 0.80 to $48.157, and Dash inched down 0.43% to 75.21. Ripple edged down 0.17% to 0.2353, at the time of writing.
TECHNICAL SUMMARY
EUR/USD

EUR/USD D1

SELL SUGGESTION- BUY AT 1.18325, TAKE PROFIT AT 1.19135 AND STOP AT 1.17515
GBP/USD

GBP/USD D1

TRADE SUGGESTION – SELL AT 1.29615, TAKE PROFIT AT 1.27775 AND STOP AT 1.31455
USD/JPY

USD/JPY D1

TRADE SUGGESTION- BUY AT 105.942 TAKE PROFIT AT 106.288 AND STOP AT 106.288
USD/CHF

USD/CHF D1

TRADE SUGGESTION- SELL AT 0.91074, TAKE PROFIT AT 0.65978 AND STOP AT 0.91782
S&P 500

S&P 500 D1

TRADE SUGGESTION- BUY AT 3446.00, TAKE PROFIT AT 3576.25 AND STOP AT 3576.25
BRENT CRUDE

BRENT CRUDE D1

TRADE SUGGESTION- SELL AT 41.17, TAKE PROFIT AT 39.34 AND STOP AT 42.97
GOLD

GOLD D1

TRADE SUGGESTION- BUY AT 1949.55, TAKE PROFIT AT 1971.75 AND STOP AT 1973.75
DASH

DASH D1

TRADE SUGGESTION- SELL AT 78.576, TAKE PROFIT AT 69.429 AND STOP AT 78.576

 

[CSFX.Support]

The report presents a summary of all upcoming and recent fundamental events as well as technical analysis for the major markets.
DAILY REPORT – 15th Sept. 2020​

Overnight in the Wall Street the futures follows a rebound session on Monday. At the close in NYSE, the Dow Jones Industrial Average rose 1.18%, while the S&P 500 index gained 1.27%, and the NASDAQ Composite index added 1.87%.

Asia-Pacific were mostly higher on Tuesday as investors watched China’s August economic data released earlier in the day. Mainland Chinese stocks edged higher by their close, with the Shanghai Composite up 0.51% to about 3,295.68 while the Shenzhen component advanced 0.933% to around 13,143.46. Hong Kong’s Hang Seng Index gained 0.32%. South Korea’ Kospi finished its trading day 0.65% higher at 2,443.58.

In Southeast Asia, the Straits Times index in Singapore advanced 0.64%. The S&P/ASX 200 closed fractionally lower at 5,894.80. Japanese stocks also declined on the day, as the Nikkei 225 slipped 0.44% to 23,454.89 while the Topix index shed 0.62% to 1,640.84.

European stock markets opened mixed on Tuesday, The DXA futures contract in Germany traded 0.4% higher, CAC 40 futures in France dropped 0.1%, while the FTSE 100 futures contract in the U.K. fell 0.4%. U.S. stock futures ticked slightly higher early Tuesday morning Dow and S&P 500 both gained more than 1% .

On the data front, U.K. Average Earnings Index +Bonus The Average Earnings Index measures change in the price businesses and the government pay for labor, including bonuses. Germany ZEW Economic Sentiment The German Zentrum für Europäische Wirtschaftsforschung (ZEW) Economic Sentiment Index gauges the six-month economic outlook.

On the Economic Front, Data released earlier Tuesday showed continuous progress in China’s economic recovery in August, with retail sales increasing 0.5% year-on-year and industrial production increasing 45.6% year-on-year. Both figures beat expectations, with retail sales, in particular, reporting their first increase in 2020.

In the currency markets, the Dollar Index rose 0.1% to 92.838. EUR/USD dropped 0.2% to 1.1889, while GBP/USD edged up 0.1% to 1.2858. USD/TRY inched up 0.1% to 7.4861. USD/CNY traded lower 0.3% to 6.7856. AUD/USD inched up 0.35% to 0.7290 and NZD/USD up 0.19% to 0.67007, at the time of writing.

In the Commodity Markets, Gold rose on Tuesday morning in Asia as the dollar dragged down. The precious metal pushed up by 1% after the greenback had its worst day in a fortnight. Trading in Asia pushed gold even higher as the currency differential came into full effect, making gold cheaper for currencies other than the dollar. Gold futures were up 0.61% to $1,975.75 by 12:30 a 12-day-high. Elsewhere, Silver gained 0.52% to 27.17 per ounce, platinum rose 1.39% to 972 and palladium climbed 0.63% to 2,3391.1, at the time of writing.

Oil prices edged lower Tuesday, weighed by worries about the outlook for global fuel demand ahead of a meeting later this week of the Organization of Petroleum Exporting Countries and its allies. U.S. Crude futures traded 0.1% lower at $37.24 a barrel, while the international benchmark Brent contract fell 0.2% to $39.55.

In the Cryptocurrency Markets, BTC/USD inched up 0.33% and was trading at $10,690.4.07 Ethereum edged down 0.53% to $374.24. Litecoin up by 2.07% to 44.707, and Dash inched down 0.55% to $74.956. Ripple inched up 0.17% to $0.2409, at the time of writing.

TECHNICAL SUMMARY

EUR/USD

EUR/USD D1

TRADE SUGGESTION- BUY AT 1.19158, TAKE PROFIT AT 1.20095 AND STOP AT 1.18221

GBP/USD

GBP/USD D1

TRADE SUGGESTION – SELL AT 1.27895, TAKE PROFIT AT 1.27160 AND STOP AT 1.2863

USD/JPY

USD/JPY D1

TRADE SUGGESTION- SELL AT 105.278, TAKE PROFIT AT 104.304 AND STOP AT 106.252


USD/CHF

USD/CHF D1

TRADE SUGGESTION- SELL AT 0.90487, TAKE PROFIT AT 0.90102 AND STOP AT 0.90872


NASDAQ 100

NASDAQ 100 D1

TRADE SUGGESTION- SELL AT 11183.25, TAKE PROFIT AT 10938.00 AND STOP AT 11428.47


BRENT CRUDE

BRENT CRUDE D1

TRADE SUGGESTION- SELL AT 39.34, TAKE PROFIT AT 37.94 AND STOP AT 40.74

GOLD

GOLD D1

TRADE SUGGESTION- BUY AT 1966.37, TAKE PROFIT AT 1983.92 AND STOP AT 1948.82

BTC/USD

BTC/USD D1

TRADE SUGGESTION- BUY AT 10722.56, TAKE PROFIT AT 11342.25 AND STOP AT 10102.88

 

[CSFX.Support]

The report presents a summary of all upcoming and recent fundamental events as well as technical analysis for the major markets.
DAILY REPORT – 21ST Sept. 2020​

On Monday, the Asian market held on tight ranges as attention shifts to US elections and stimulus. The Japanese market is closed today as Japan every year on 21st September observes “Respect for the aged” Hong Kong’s Hang Seng Index was down 0.70% to 24,179. Mainland Chinese stocks also edged lower today, as the Shanghai Composite declined to0.26% to about 3,329.42. South Korea’s Kospi climbed down to 2,389.91.

Shares in Australia also saw loss, with the S&P/ASX 200 inched down to 0.50% to 5,809.80 to hit a new 1-month low. The best performers of the session on the S&P/ASX 200 were Whitehaven Coal Ltd, which rose 10.17% or 0.090 points to trade at 0.975 at the close. Overall, the Singapore MSCI index gained 0.46% to 287.88, at the time of writing.

U. S. Markets were opened lower today, however Wall Street looks to recover from its worst tech sell-off in five months, driven by 2020′ market leaders, Amazon, Tesla, Apple, Microsoft and Facebook. The Nasdaq 100 was down by 1.30% to 10,936, the S&P 500 was down by 1.27% to 3,319.47 and the Dow Jones was down at 27,657.42, at the time of writing.

The pan-European STOXX 50 slid 0.99% to 3,283. In the cash markets, the DAX futures contract in Germany traded 0.24% lower, CAC 40 futures in France climbed down 0.46% to 4,964.5, while the FTSE 100 futures in the U.K. declined 0.46% to 5,940.

On the data front, EUR ECB President Lagarde is scheduled to speak at 8:45 local time today. In the United States, Fed Chairman Jerome Powell is for appearance before Congressional committees later today at 10:00 local time.

In corporate news, Banking giant HSBC is likely to be in the spotlight Monday after slumping in Asian trading, with its shares falling to the lowest level since 1995. HSBC, along with Standard Chartered is one of the banks accused of moving large sums of allegedly illicit funds over nearly two decades by the Financial Crimes Enforcement Network. AstraZeneca will also be in focus after the pharma giant said on Saturday that its Covid-19 vaccine trial in the United States was still on hold after a safety event was reported in its U.K. trial two weeks ago.

On the Economic Front, European Central Bank President Lagarde will speak on short term interest rate at 8:45 local time.
U.S Fed Chair Powell will speak about the interest rate at 10:00. NZB rate statement at 22:00 by local time.
In the currency market, EUR/USD was up 0.18% to 1.1854. The AUD/USD was up by 0.35% to 0.7317 and the NZD/USD pair edged up by 0.97% to 0.6763. The USD/CNY pair inched down by 0.091% to 6.7600. The GBP/USD pair inched up 0.020% to 1.2940, at the time of writing.

In the Commodity Markets, Gold prices slipped by 0.03% to $1,949, on Monday. Spot gold (XAU/USD) was down 0.25% at $1,950.09 per ounce. Elsewhere, silver futures fell 0.76% to $26.92 per ounce and platinum climbed by 0.45% to $937.74, while palladium edged 0.91% higher to $2,400, at the time of writing. Oil prices fell on Monday amid concerns that a possible rise in Covid-19 cases. U.S. West Texas Intermediate crude futures fell by 0.63%, to $41.08 per barrel. Brent crude futures also fell by 0.52%, to $42.93 a barrel.

In the Cryptocurrency Markets, BTC/USD inched down 0.52% and was trading at 10,947. Ethereum edged down 1.76% to $373.33. Litecoin declined 2.04% to 39.910, and Dash inched down 0.69% to 71.49,at the time of writing.
TECHNICAL SUMMARY
EURUSD

TRADE SUGGESTION- BUY AT 1.19158 TAKE PROFIT AT 1.20095 AND STOP AT 1.18221
GBPUSD

TRADE SUGGESTION – BUY AT 1.30340, TAKE PROFIT AT 1.31455 AND STOP AT 1.2919
USDJPY

TRADE SUGGESTION- SELL AT 103.686, TAKE PROFIT AT 102.449 AND STOP AT 104.923
USDCHF

TRADE SUGGESTION- SELL AT 0.90487, TAKE PROFIT AT 0.90102 AND STOP AT 0.90872
DOW JONES INDEX

TRADE SUGGESTION- SELL AT 27183.0, TAKE PROFIT AT 26759.0 AND STOP AT 27607.0
BRENT CRUDE OIL FUTURES

TRADE SUGGESTION- BUY AT 43.80, TAKE PROFIT AT 46.01, AND STOP AT 41.59
GOLD

TRADE SUGGESTION- BUY AT 1973.41, TAKE PROFIT AT 1992.46 AND STOP AT 1953.91
BTCUSD

TRADE SUGGESTION- BUY AT 11152.5, TAKE PROFIT AT 11446.19 AND STOP AT 10858.81

 

[CSFX.Support]

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

The European market was Seen moving higher helped by a late recovery on Wall Street. In the Cash Markets, Germany’s DAX edged up 0.07% at 12,608.22, France’s CAC 40 inched down 0.1% at 4,758.05. Italy’s FTSE MIB was lower by 0.04% in 18898,92. London’s FTSE 100 rose 0.2% at 5,834.29.

Shares in Asia Pacific rose on Friday, after robust U.S. Housing data supported a late tech-driven rally on Wall Street. The Shanghai Composite was down 0.12% to 3,219.12. Stocks in Australia rose with the S&P/ASX 200 edging up 1.51% to 5964.90, NZX 50 climbed 0.92% to 11,797.08.

Over in Hong Kong, the Hang Seng Index fell by 0.1% to 23,288.9. In Japan, the Nikkei 225 climbed 0.51% to 23,204.62, while the Topix index rose 0.48% to 1634.23. South Korea’s Kospi also rose 0.27% to 2,278.79.
Overnight on Wall Street, The Dow ended Thursday up 0.2%, to 26,815.44. While the S&P 500 climbed 0.3% to 3,246.59 and the Nasdaq Composite Index rose 0.37% to 10,672.27.

In the Corporate news today, The best performers of the session on the Dow Jones Industrial Average were Goldman Sachs Group Inc, which rose 4.83% or 8.99 points to trade at 195.11. Meanwhile, Microsoft Corporation added 1.30% or 2.60 points to end at 203.19 and Apple Inc was up 1.03% or 1.10 points to 108.22 in late trade.

The worst performers of the session were Boeing, which fell 3.39% or 5.13 points to trade at 146.05. Nike Inc declined 1.86% or 2.36 points to end at 124.75 and Cisco Systems Inc was down 1.12% or 0.43 points to 37.85.

On the data front, U.S. Core Durable Goods Orders MoM will be release at 08:30 local time. DGO previous was 2.6% and forecast was 1.2%. CFTC JPY speculative net positions at 15:30, previous was 22.9K. France Job seekers Total data will be published at 06:00, previous was 3792.5K.

On the Economic Front, British public borrowing rose to 35.920 billion pounds ($45.8 billion) in August, a record high for the month though below its peaks earlier in the financial year, as the government dealt with the economic damage from the coronavirus pandemic. Democrats in the U.S. House of Representatives are working on a $2.2 trillion coronavirus stimulus package that could be voted on next week.

In the Forex market, the U.S. Dollar Index edged down 0.11% to 94.35. The USD/JPY pair inched down 0.15% to 105.43. The AUD/USD inched up 0.35% to 0.7049 and the NZD/USD pair edged up 0.40% to 0.6546. The USD/CNY pair inched down 0.22% to 6.8123. The GBP/USD pair inched up 0.04% to 1.2754, at the time of writing.

In the Commodity Markets, Gold was down on Friday. Gold futures inched down 0.11% to $1,874.90. The spot price of gold, which reflects trades in bullion, was up 0.3%, to $1,868.92. Elsewhere, silver was up 0.19% to $23.24 per ounce, platinum was also up 2.06% to $855.1, and palladium edged up 0.76% to $2,243.8.

In news related to Crude Oil, prices rose on Friday but are on track for a weekly fall because of rising concerns about the global resurgence of coronavirus infections and its effects on fuel demand, while the likely return of exports from Libya will add to supply. Crude futures also traded below 0.30% to $39.68 per barrel. International benchmark Brent Crude futures declined 0.19% and traded at $41.75 per barrel. Brent Crude was up 17 cents at $42.11 a barrel, while U.S. West Texas Intermediate crude gained 16 cents to $40.47.

In the Cryptocurrency Markets, BTC/USD inched down 0.88% and was trading at 10,637.18. Ethereum edged down 1.26% to $343.44. Litecoin falls 1.14% to 40.572. Dash edged down 1.32.% to $40.57, at the time of writing.
TECHNICAL SUMMARY
EURUSD

TRADE SUGGESTION- SELL AT 1.16248 TAKE PROFIT AT 1.15797 AND STOP AT 1.15797
GBPUSD

TRADE SUGGESTION – SELL AT 1.26740, TAKE PROFIT AT 1.26042 AND STOP AT 1.27438
USDJPY

TRADE SUGGESTION- BUY AT 105.515, TAKE PROFIT AT 105.799 AND STOP AT 105.231
USDCHF

TRADE SUGGESTION- BUY AT 0.92801, TAKE PROFIT AT 0.93229 AND STOP AT 0.92372
DAX 30 Indax

TRADE SUGGESTION- SELL AT 12435.0, TAKE PROFIT AT 12265.4 AND STOP AT 12604.6
BRENT CRUDE OIL FUTURES

TRADE SUGGESTION- SELL AT 40.94, TAKE PROFIT AT 39.36 AND STOP AT 42.58
GOLD

TRADE SUGGESTION- SELL AT 1848.3, TAKE PROFIT AT 1819.66 AND STOP AT 1876.94
ETHEREUM

TRADE SUGGESTION- SELL AT 314.16, TAKE PROFIT AT 306.44 AND STOP AT 321.88

 

[CSFX.Support]

The report presents a summary of all upcoming and recent fundamental events as well as technical analysis for the major markets.
DAILY REPORT – 29Th Sept. 2020​

On Tuesday Asian markets crouched down low ahead of the first U.S. presidential debate later in the global day, with investors also remaining cautious over the global economy’s prospects as coronavirus deaths surpassed the 1-million mark worldwide. Hong Kong’s Hang Seng Index was down 0.56% to 23,344. Mainland Chinese stocks also edged lower today, as the Shanghai Composite climbed up by 0.41% to about 3,229.42. South Korea’s Kospi climbed up by1.01% to 2,329.91.
Shares in Australia also saw loss, with the S&P/ASX 200 inching down to 0.14% to 5,944.80. Overall, the Singapore MSCI index gained 1.46% to 287.38, at the time of writing.

The American stock market opened on a positive note as traders are eagerly speculating the market as the first U.S. Presidential debate is going to take place, later today. The Nasdaq 100 was up by 1.87% to 11,136, the S&P 500 was down also up 1.61% to 3,351.47 and the Dow Jones was up by 1.51% at 27,587.42, at the time of writing.

European stock markets are seen opening flat on Tuesday, as investors strengthened their investments after the strong gains of the previous session, weighing the potential for more stimulus against the damage done by the ongoing coronavirus pandemic. The pan-European Stoxx 50 climbed up by 2.75% to 3,233.19. In the cash markets, the DAX futures Germany was trading 3.22% higher at 12,870.87, CAC 40 futures in France climbed up 2.46% to 4,864.5, while the FTSE 100 futures in the U.K. rose 1.46% to 5,927.

In corporate news, the bitter fallout from LVMH’s soured $16 billion acquisition of Tiffany continues. The German car sector may be in focus after Uber is weighing up a purchase of Free Now, a ride-hailing joint venture between Daimler and BMW. Shares of logistics provider ZTO Express surged in the opening minutes of the debut in Hong Kong on Tuesday, jumping about 10% from the offer price of 218 Hong Kong dollars ($28.13) per share. S Nippon Telegraph and Telephone (NTT) fell 2.85%, with the firm announcing Tuesday a buyout of its wireless unit, Shares of NTT Docomo soared 15.78% on Tuesday.

On the Economic Front, The value of U.S. goods bought by China declined from the previous month, led by a slowdown in energy products. The US economy could end the year with the unemployment rate between 7% and 8%. Inflation could end the year above 1% but still well below the Fed’s 2% target. European Union negotiators have signaled that they are willing to begin work on a joint legal text of a trade agreement with the UK, ahead of trade talks that resume on Tuesday. In Asia the economists predict that the coronavirus pandemic is expected to bring the slowest growth in more than 50 years in

East Asia and the Pacific as well as China. It is also estimated by the World Bank that 38 million people are set to be pushed back into poverty. Growth in China was expected to come in at 2% this year.
On the data front, final euro zone economic sentiment and consumer confidence readings are due at 10 a.m. BST on Tuesday. EUR ECB President Lagarde is scheduled to speak at 8:45 local time today. In the United States, Fed Chairman Jerome Powell is due to appear before Congressional committees later today at 10:00 local time. China Manufacturing Purchasing Managers Index (PMI) data will be release at 21:00, Previous PMI was 51.0 and forecast was 51.2. U.S. CB Consumer Confidence at 10:00 local time, previous was 84.8 and forecast was 89.2. China Caixin Manufacturing Purchasing Managers Index (PMI) data will be published at 21:45, Previous was 53.1 & Forecast was 53.1.
In the currency market, The dollar was steady in early European trade Tuesday. The Dollar Index, was down 0.1% at 94.233 while EUR/USD was up 0.06% to 1.1674. The AUD/USD was up by 0.18% to 0.7083 and the NZD/USD pair edged up by 0.15% to 0.6563. The USD/CNY pair inched up by 0.19% to 6.8232. The GBP/USD pair inched up 0.0030 % to 1.2850, at the time of writing.

In the Commodity Markets, Gold prices rose by 0.03% to $1,882,on Tuesday. Spot gold (XAU/USD) was down 0.09% at $1,879.09 per ounce. Elsewhere, silver futures fell 0.06% to $23.592 per ounce and platinum climbed down 0.65% to $887.74, while palladium edged 0.10% higher to $2,280, 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 by 0.64%, to $42.68 per barrel. Brent Crude futures also fell by 0.56%, to $42.63 a barrel.
In the Cryptocurrency Markets, BTC/USD inched down 1.96% and was trading at 10,706. Ethereum edged down 1.42% to $352.33. Litecoin declined 2.05% to 45.410, and Dash inched down 2.89% to 67.49,at the time of writing.

TECHNICAL SUMMARY​

EURUSD

TRADE SUGGESTION- SELL AT 1.16215 TAKE PROFIT AT 1.16117 AND STOP AT 1.16313
GBPUSD

TRADE SUGGESTION – BUY AT 1.29284, TAKE PROFIT AT 1.29975 AND STOP AT 1.28593
USDJPY

TRADE SUGGESTION- BUY AT 105.799, TAKE PROFIT AT 106.098 AND STOP AT 105.500
USDCHF

TRADE SUGGESTION- SELL AT 0.92107, TAKE PROFIT AT 0.91782 AND STOP AT 0.92435
Dow Jones Indax

TRADE SUGGESTION- BUY AT 27617.0, TAKE PROFIT AT 27853.0 AND STOP AT 27381.0
BRENT CRUDE OIL FUTURES

TRADE SUGGESTION- BUY AT 43.01, TAKE PROFIT AT 44.52, AND STOP AT 44.52
GOLD

TRADE SUGGESTION- SELL AT 1848.37, TAKE PROFIT AT 1819.66 AND STOP AT 1876.94
RIPPLE

TRADE SUGGESTION- BUY AT 0.2418, TAKE PROFIT AT 0.2485 AND STOP AT 0.2351

 

[CSFX.Support]

Technical Analysis | Research Report 9th-october-2020

Asian stocks were mostly up on Friday morning, tracking U.S. markets and the news that Democrats and Republicans were continuing to try and iron out a COVID-19 stimulus deal. China’s markets also came back on stream after the Golden Week national holidays.

The Tokyo market’s index Nikkei 225 closed down by 0.18 % at 23,588.90 and the topix closed at 0.42% lower to 1,644.25 .Hong Kong’s Hang Seng index was down by 0.05 % to 24,084.05. Mainland Chinese stocks also edged lower today, as the Shanghai composite climbed up by 1.68% to about 3,272.05. South Korea’s Kospi climbed up by 0.21% to 2,391.96.

Australia stocks were higher after the close on Friday, as gains in the Gold and industrial sectors led shares higher., with the S&P/ASX 200 inched up by 0.13 % to 6,092.80, at the time of writing.

European stock markets are seen opening in a cautious manner Friday, with continued worries about the Covid-19 surge weighing despite growth in China’s service sector as well as renewed confidence of a U.S. stimulus package.

The pan-European Stoxx 50 climbed up by 0.20% to 3,262.19. In the cash markets, the DAX futures Germany was trading 0.11% higher at 13,055.87, CAC 40 futures in France climbed up 0.48% to 4,933.5, while the FTSE 100 futures in the U.K. rose by 0.12 % to 5966.8,at the time of writing.

The American stock market closed on a positive note. The Nasdaq 100 was up by 0.29% to 11,571.20 , the S&P 500 was up by 0.37% to 3,450.80 and the Dow Jones was up by 0.33% at 28,404.90, at the time of writing.

On the economic front, Britain’s economy grew much more slowly than expected in August, with gross domestic product rising by just 2.1% from July, its slowest month-on-month increase since the economy began its recovery in May. Additionally, French industrial production rose 1.3% in August from July, increasing at a much slower pace than in previous months, data from France’s statistics agency Insee showed Friday.

In the United States, Revenue from trading bundles of home loans at the biggest global banks – including JPMorgan (NYSE:JPM), Citi and Goldman Sachs (NYSE:GS) among others – is expected to top $3 billion in 2020, one source with direct knowledge of the banks’ trading revenue said, besting last year’s peak of $2.5 billion.

In the corporate news,Danish jewellery maker Pandora (OTCANDY) stock jumped 13% and German online fashion company Zalando SE (DE:ZALG) rose 4.6% and Danish pharma company Novo Nordisk (NYSE:NVO) gained 3.3% after all raising their outlooks for 2020. In Japan, Mitsubishi Motors Corp. (T:7211), which fell 4.24% or 10.0 points to trade at 226.0 at the close. Takashimaya Co., Ltd. (T:8233) declined 4.22% or 37.0 points to end at 839.0 and JGC Corp. (T:1963) was down 3.55% or 38.0 points to 1031.0.

On the data front, UK’s GDP MoM, Manufacturing Production (MoM) (Aug) and Monthly GDP 3M/3M Change released at 02:00 local time today; the actual figures are 2.1%, 0.7% and *% respectively. Late today In Canada, Employment Change for September is scheduled to release at 8:30 local time, the forecast is 156.6K and previous was 245.8K.

In the currency market ,EUR/USD was up by 0.11% to 1.1771 . The AUD/USD was up by 0.26% to 0.7185 and the NZD/USD pair edged up by 0.62% to 0.6612.. The GBP/USD pair inched up by 0.25% to 1.2965, at the time of writing.

In the Commodity Markets, Gold prices climbed up by 1.01% to $1,914.50 ,on Friday . Spot gold (XAU/USD) was up by 0.18% at $1,909.09 per ounce. Elsewhere, silver futures gained by 2.14% to $24.388 per ounce and platinum climbed up 1.38 % to $880.74, while palladium edged 1.07% higher to 2412.70, at the time of writing. .

U.S. West Texas Intermediate crude futures climbed up by 0.13 % to 41.25 per barrel. Brent crude futures also climbed up by 0.18%, to $43.46 a barrel.

In the Cryptocurrency Markets, BTC/USD inched up by 2.49% and was trading at 10,901. Ethereum was also up by 4.03% to $349.11. Litecoin advanced 1.22% to 39.895, and Dash inched up by 1.54 % to 66.59,at the time of writing.

TECHNICAL SUMMARY

EURUSD

TRADE SUGGESTION- BUY AT 1.17741 TAKE PROFIT AT 1.18334 AND STOP AT 1.16913

GBPUSD

TRADE SUGGESTION – BUY AT 1.29536, TAKE PROFIT AT 1.30374 AND STOP AT 1.28614

USDJPY

TRADE SUGGESTION- BUY AT 105.935, TAKE PROFIT AT 106.227 AND STOP AT 105.395

USDCHF

TRADE SUGGESTION- SELL AT 0.91529, TAKE PROFIT AT 0.91125 AND STOP AT 0.91982

NASDAQ 100 INDEX

TRADE SUGGESTION- BUY AT 11570.21, TAKE PROFIT AT 11588.33 AND STOP AT 11431.62

BRENT CRUDE OIL FUTURES

TRADE SUGGESTION- BUY AT 43.33, TAKE PROFIT AT 44.71 AND STOP AT 41.69

GOLD

TRADE SUGGESTION- BUY AT 1909.94, TAKE PROFIT AT 1935.72 AND STOP AT 1880.12

BTCUSD

TRADE SUGGESTION- BUY AT 10860.86, TAKE PROFIT AT 10998.89 AND STOP AT 10735.03


Download Mobile Trading App

 

[CSFX.Support]

The report presents a summary of all upcoming and recent fundamental events as well as technical analysis for the major markets.
DAILY REPORT – 15Th Oct. 2020​

Asian stocks mixed on fading U.S. stimulus hopes, virus concerns The Shanghai Composite is up 0.10% to 3,319.713. Overall, the Singapore MSCI went down 0.42% to 293.95. Over in Hong Kong, the Hang Seng Index down by 1.28% to 24,350. In Japan, the Nikkei 225 climbed down 0.52% to 23,515, while the Topix index was down 0.64% to 1630.5. South Korea’s Kospi down 1.28% to 2,349.24. Australia S&P/ASX 200 up 0.67% to 6220.6.
European stock markets are seen opening mixed Wednesday, with investors looking to the world’s central bankers for guidance as the coronavirus tightens its grip. The DAX futures contract in Germany traded 0.1% higher, CAC 40 futures in France dropped 0.1% and the FTSE 100 futures contract in the U.K. rose 0.3%.
On Wall Street, the Dow Jones Industrial Average fell 0.58%, the S&P 500 lost 0.66% and the Nasdaq Composite dropped 0.8%,NYSE closes at 13143.16 down 0.52%, S&P 500 closes at 3511.9 down 0.63%.
The U.S. dollar index, which measures the greenback against a basket of six major currencies, fell 0.15%. GBPUSD up 0.10% to 1.3024. The USDJPY up 0.11% to 105.277 .The USDCHF down 0.04% at 0.9130.EURUSD up 0.07% at 1.1752, EUR/GBP flat at 0.90249. The USD/CNY up 0.11% at 6.7210, at the time of writing.
In the commodity market U.S. gold futures down 0.14% to $1,904.6. Elsewhere, Silver down 0.42% to $24.15 per ounce, platinum up 0.57% to $862 per ounce, and palladium down 0.02 % to $2,352.5.
Oil holds gains on shrinking US stockpiles, Brent crude futures (LCOc1) for December up 0.3% to $43.32 a barrel while U.S. West Texas Intermediate (CLc1) futures were down 0.05%, to $41.07.
In the Cryptocurrency Markets, BTCUSD at 11385.68 down 0.38%, Ethereum at 377.74 down 0.44%, Litecoin down 0.74% at 49.5, at the time of writing.
Corporate news: U.S. stocks are seen opening largely unchanged Wednesday, as the corporate earnings season kicks into full gear, with the focus on the key banking sector. At 07:05 AM ET (1105 GMT), S&P 500 futures traded 2 points, or 0.1%, lower, the Dow futures contract rose 10 points, or 0.1%, while Nasdaq 100 futures climbed 15 points, or 0.1%. Bank of America (NYSE:BAC) down 5.33% at $23.62, Goldman Sachs (NYSE:GS) up 0.2% at $211.23 and Wells Fargo (NYSE:WFC) down 6.02% at $23.25 all due. These follow above-estimate earnings from JPMorgan (NYSE:JPM) down 0.56% at $100.22 and Citigroup (NYSE:C) down 1.49% at 43.03.
Economic news: Seniors and other Americans receiving Social Security will see a 1.3% increase in benefits next year, the federal government said.The Federal Reserve Vice-Chairman said the U.S. economy’s recovery has been surprisingly strong after a heavy hit earlier in the year, but that continuing support will be needed to recover what was lost so far during the pandemic.
Eurozone: Growth in production dropped from 5% to 0.7% month-on-month in August. The strong rebound seems to be behind us as the fourth quarter brings only more uncertainty for industry. The International Monetary Fund says the eurozone economy would contract by a staggering 8.3% in 2020, a free fall not seen since the 1930s Great Depression.
Important Data: In the US PPI (MOM-SEPT) stood at 0.4% earlier which was 0.3%.US weekly API crude oil stock is -5.422M previous week reported as 0.951M. AUD Unemployment Rate (Sept) is 6.9% earlier which was 6.8% and estimated to be 7.1%.Japan Tertiary Industry activity Index (MOM) is 0.8% earlier which was-0.5%.Russia Industrial Production (YOY-SEPT) is at 0.00% earlier it was -7.2%.
TECHNICAL SUMMARY
GBPUSD

TRADE SUGGESTION- SELL AT 1.30, TAKE PROFIT AT 1.29141AND STOP AT 1.30363
EURUSD

TRADE SUGGESTION- SELL AT 1.1747 , TAKE PROFIT AT 1.17313 AND STOP AT 1.17681
USDCHF

TRADE SUGGESTION- SELL AT 0.91321 , TAKE PROFIT AT 0.91234 AND STOP AT 0.91415
CHFJPY

TRADE SUGGESTION- SELL AT 115.146 , TAKE PROFIT AT 114.963 AND STOP AT 115.46
NASDAQ 100

TRADE SUGGESTION- BUY AT 11847, TAKE PROFIT AT 11956 AND STOP AT 11741
GOLD

TRADE SUGGESTION- SELL AT 1897.80, TAKE PROFIT AT 1891.94 AND STOP AT 1906.74
CRUDE OIL

TRADE SUGGESTION- BUY AT 40.52, TAKE PROFIT AT 41.31AND STOP AT 40.35
BTCUSD

TRADE SUGGESTION- BUY AT 11369.85 , TAKE PROFIT AT 11614 AND STOP AT 11287

 

[CSFX.Support]

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

Asian stocks dip as U.S. political concerns grow. The Shanghai Composite is flat at 3,314. Overall, the Singapore MSCI down 0.72% to 290.7. Over in Hong Kong, the Hang Seng Index down by 0.23% to 24,482. In Japan, the Nikkei 225 down 0.48% to 23,554, while the Topix index was down 0.73% to 1624. South Korea’s Kospi up 0.02% to 2,346.33. Australia S&P/ASX 200 down 1.63% to 3426.9.

European stock markets are seen opening a little lower Tuesday, weighed by weakness on Wall Street. The DAX futures contract in Germany traded 0.42% lower, CAC 40 futures in France down 0.13% to 4929.3 and the UK 100 futures contract in the U.K. down 0.59% to 5884.7.

In U.S. on Wall Street, the Dow Jones Industrial Average down 1.44 % to 28195, the S&P 500 down 1.63% to 3426.9 and the Nasdaq Composite down 1.08% to 127.48,NYSE closes at 13018 down 1.15%.
In the Forex market, GBPUSD up 0.05% to 1.2947. The USDJPY down 0.09% to 105.502 .The USDCHF down 0.02% at 0.90974.EURUSD up 0.11% at 1.17780, EUR/GBP up 0.06% at 0.90962. The USD/CNY up 0.07% at 6.6853, at the time of writing.

In the commodity market U.S. gold futures down 0.09% to $1,901.95. Elsewhere, Silver up 0.48% to $24.48 per ounce, platinum down 0.26% at $858.53 per ounce, and palladium up 0.15 % to $2,348.

Crude Oil up on Tuesday, Brent Crude futures (LCOc1) up 0.02% to $42.46 a barrel while U.S. West Texas Intermediate (CLc1) futures is up 0.57%, to $40.91.

In the Cryptocurrency Markets, BTCUSD at 11761 down 0.03%, Ethereum at 378.45 down 0.31%, Litecoin down 0.21% at 47.980, at the time of writing.

Corporate news: Western Digital (WDC) up 7.855% at $40.92, United Airlines Holdings (UAL) up 3.923% to $35.5, Apple down 2.554% to $115.98, JP Morgan Chase & Co. down 1.685% to $99.8,Procter & Gamble down 1.718% to $141.91, Ross Stores Inc down 4.373% at $90.96.

Economic news:
US: NAHB housing market index improve from 83 to 85.
Eurozone: Britain’s economic recovery faltering, Bank of England to step up spending.

Important Data: German PPI (MOM-SEPT) stood at 0.4% earlier which was 0% and estimated at -0.1%.US building permits to be announced today at 8:30 previously which was 1.476M and estimated around 1.52M.Russia monthly GDP data to be released today at 12:00 previously which was -4.3%. Russia unemployment data to be published today at 13:38 previously which was 6.4%.

TECHNICAL SUMMARY​

GBPUSD

TRADE SUGGESTION- BUY AT 1.29521, TAKE PROFIT AT 1.29970 AND STOP AT 1.28879
EURUSD

TRADE SUGGESTION- BUY AT 1.17728, TAKE PROFIT AT 1.1822 AND STOP LOSS AT 1.17450
GBPJPY

TRADE SUGGESTION- BUY AT 136.560, TAKE PROFIT AT 137.254 AND STOP AT 136.209
EURGBP

TRADE SUGGESTION- BUY AT 0.90802 , TAKE PROFIT AT 0.91193 AND STOP AT 0.90595
DOWJONES

TRADE SUGGESTION- BUY AT 28186, TAKE PROFIT AT 28415 AND STOP AT 28010
GOLD

TRADE SUGGESTION- BUY AT 1902 TAKE PROFIT AT 1910.56 AND STOP AT 1895.22
CRUDE OIL

TRADE SUGGESTION- BUY AT 40.91, TAKE PROFIT AT 41.38 AND STOP AT 40.3
BTCUSD

TRADE SUGGESTION- BUY AT 11779, TAKE PROFIT AT 11872 AND STOP AT 11651

 

[CSFX.Support]

Technical Analysis Report – 26th October 2020

Asian shares subdued as S&P slips, virus surges. The Shanghai Composite is down 0.92% at 3,247. Overall, the Singapore MSCIdown 0.75% to 289.6. Over in Hong Kong, the Hang Seng Index up by 0.54% to 24,918. In Japan, the Nikkei 225 down0.08% to 23,495, while the Topix index was down0.25% to 1618.5. South Korea’s Kospi up 0.42% to 2,350.99. Australia S&P/ASX 200 down0.18% to 6155.6.

European equities Friday closing. The DAX futures contract in Germany traded 0.82% up at 12645.75, CAC 40 futures in France down 1.2% at 4909.6 and the UK 100 futures contract in the U.K. down 0.81% to 5827.5.

In U.S. on Wall Street, the Dow Jones Industrial Average closed down0.10% to 28335.6, the S&P 500 up 0.34% to 3465.4 and the Nasdaq Composite down0.75% to 129.12,NYSE closes at 13199up0.41%.

In the Forex market, GBPUSD down 0.15% at 1.30213. The USDJPY up 0.21% to 104.905 .The USDCHF up 0.09% at 0.90518.EURUSD down 0.21% at 1.18322, EUR/GBPdown 0.11% at 0.90866. The USD/CNY up 0.04% at 6.6869, at the time of writing.

In the commodity market U.S. Gold futures flat down 0.41% $1,897.2. Elsewhere, Silver futures down 1.66% to $24.275 per ounce, Platinum down1.75% at $890.8 per ounce, and Palladium down 0.65 % to $2,383.

Crude Oil down on Friday, Brent crude futures (LCOc1) down1.73% to $40.94 a barrel while U.S. West Texas Intermediate (CLc1) futures is down1.72%, to $39.03.

In the Cryptocurrency Markets, BTCUSD at 13113up 0.57%, Ethereum at 407.65up 0.38%, Litecoin down1.50% at 57.96, at the time of writing.

Corporate news: SVP Financial Group up 3.97% at $296.38,Intel Corp. down 10.575% to $48.2,Ebay Inc.up 2.869% to $53.79,Facebook up 2.398% to $284.79,P&Gup 0.658% to $142.38, Walmart up 0.209% at $143.85.

Economic news:

US:Business activity increased to a 20-month high in October, but the pace of new business growth and new orders eased slightly amid the lingering COVID-19 pandemic and caution ahead of the Nov. 3 presidential election.

Eurozone: Eurozone economic activity slipped back into decline this month as a second wave of the coronavirus sweeps across the continent, heightening expectations for a double-dip recession, surveys showed on Friday. Important Data: US new homes sales data to be released today at 10, previously which was 1,011K, and this time estimated around 1,025K. New Zealand to publish its trade balance data today at 17:45, previously which was -353M this time estimated around -1015M.

TECHNICAL SUMMARY

GBPUSD

TRADE SUGGESTION- SELL AT 1.30222, TAKE PROFIT AT 1.298 AND STOP AT 1.30567

EURUSD

TRADE SUGGESTION- BUY AT 1.18451 , TAKE PROFIT AT 1.18654 AND STOP LOSS AT 1.18247

AUDCHF

TRADE SUGGESTION- SELL AT 0.6434 , TAKE PROFIT AT 0.6367 AND STOP AT 0.6474

CADCHF

TRADE SUGGESTION- SELL AT 0.68708 , TAKE PROFIT AT 0.68549 AND STOP AT 0.68849

EURO STOXX 50

TRADE SUGGESTION- SELL AT 3132, TAKE PROFIT AT 3120 AND STOP LOSS AT 3176

GOLD

TRADE SUGGESTION- SELL AT 1899 TAKE PROFIT AT 1888 AND STOP LOSS AT 1905

CRUDE OIL

TRADE SUGGESTION- SELL AT 38.66, TAKE PROFIT AT 36.62 AND STOP AT 39.6

ETHEREUM

TRADE SUGGESTION- BUY AT 403.31, TAKE PROFIT AT 414 AND STOP AT 400

 

[CSFX.Support]

Technical Analysis Report – 27th October 2020


Asian shares hit by surging coronavirus cases. The Shanghai composite is flat at 3,252.995. Overall, the Singapore MSCIdown 0.50% to 286.45.Over in Hong Kong, the Hang Seng Index down by 0.73% to 24,741. In Japan, the Nikkei 225 down0.11% to 23,467 ,while the Topix index was down0.25% to 1614.5. South Korea’s Kospidown 0.80% to 2,325.84. Australia S&P/ASX 200 down1.7% to 6051.

European equities Tuesday closing. The DAX futures contract in Germany traded 3.71% down at 12177.18, CAC 40 futures in France down 1.9% at 4816.1 and the UK 100 futures contract in the U.K. flat at 5799.2.

In U.S. on Wall Street, the Dow Jones Industrial Average closed down2.29% to 27685.4, the S&P 500down1.86% to 3401 and the Nasdaq Composite down1.64% to 11358.98,NYSE closes at 12936.38down2.00%.

In the Forex market, GBPUSD up 0.10% at 1.30369. The USDJPY down 0.08% to 104.742 .The USDCHF down 0.15% at 0.90639.EURUSD up 0.21% at 1.18328, EUR/GBPup 0.12% at 0.90768. The USD/CNY down 0.20% at 6.6983, at the time of writing.

In the commodity market U.S. Gold futures up 0.20% $1,909.5. Elsewhere, Silver futures up0.61% to $24.57 per ounce, Platinum up0.94% at $879.44 per ounce, and Palladium up 0.81 % to $2,377.

Crude Oil up on Tuesday, Brent crude futures (LCOc1) up0.67% to $40.687 a barrel while U.S. West Texas Intermediate (CLc1) futures is up0.57%, to $38.82.

In the Cryptocurrency Markets, BTCUSD at 13096up 0.23%, Ethereum at 392.95 down0.04%, Litecoin flat at 56.92, at the time of writing.

Corporate news: Abbott Lab.up 1.123% at $109,Zoom Video Communicationsup 1.226% at$517.79,3M Co.down 2.144% to $166.16,Goldman Sachs Groupdown 1.902% to $201.14,Nikedown1.246% to $128.37, Walt Disneydown 3.342% at $124.06.

Economic news:

US:The United States on Monday imposed fresh Iran-related sanctions targeting the Islamic Republic’s oil sector, including the Iranian Ministry of Petroleum, in Washington’s latest move to increase pressure on Tehran.

Eurozone:The United Kingdom left the European Union in January but the two sides are trying to clinch a deal that would govern nearly a trillion dollars in annual trade before a transition period of informal membership ends on Dec. 31.

Important Data: US core durable goods orders data to be released today at 8:30, previously which was 0.6% and this time estimated around 0.4%. Australiato publish its CPI today at 20:30 , previously which was -1.9% this time estimated around 1.5%.

TECHNICAL SUMMARY

GBPUSD

TRADE SUGGESTION- BUY AT 1.305, TAKE PROFIT AT 1.30728 AND STOP AT 1.30215

EURUSD

TRADE SUGGESTION- SELL AT 1.18243 , TAKE PROFIT AT 1.18093 AND STOP LOSS AT 1.18365

EURNOK

TRADE SUGGESTION- SELL AT 10.903, TAKE PROFIT AT 10.85 AND STOP AT 10.97

NZDUSD

TRADE SUGGESTION- BUY AT 0.66833 , TAKE PROFIT AT 0.67009 AND STOP AT 0.66718

DOW JONES

TRADE SUGGESTION- SELL AT 27650, TAKE PROFIT AT 27501 AND STOP AT 27822

GOLD

TRADE SUGGESTION- SELL AT 1905 TAKE PROFIT AT 1894 AND STOP AT 1914

CRUDE OIL

TRADE SUGGESTION- SELL AT 38.76, TAKE PROFIT AT 37.57 AND STOP AT 39.1

BTCUSD

TRADE SUGGESTION- SELL AT 13000, TAKE PROFIT AT 12759 AND STOP AT 13318

 

[CSFX.Support]

Technical Analysis Report on october-28-2020

Asian shares slipped on Wednesday as coronavirus infections grew at an alarming pace in the United States and Europe. The Shanghai composite is up 0.38% at 3,266.84. Overall, the Singapore MSCIdown 0.38% to 285.5.Over in Hong Kong, the Hang Seng Index down by 0.11% to 24,690. In Japan, the Nikkei 225 down0.35% to 23,403 ,while the Topix index was down0.% to 1604. South Korea’s Kospidown 0.29% to 2,338.19. Australia S&P/ASX 200 down1.7% to 6051.

European equities Tuesday closing. The DAX futures contract in Germany traded 0.93% down at 12063.57, CAC 40 futures in France down 1.77% at 4730.7 and the UK 100 futures contract in the U.K. up 0.2% at 5710.

In U.S. on Wall Street, the Dow Jones Industrial Average closed down0.8% to 27463, the S&P 500down0.3% to 3390.7 and the Nasdaq Composite up0.64% to 11431.4,NYSE closes at 12817.86down0.92%.

In the Forex market, GBPUSD down 0.02% at 1.30433. The USDJPY down 0.15% to 104.259.The USDCHF down 0.04% at 0.90593.EURUSD down 0.15% at 1.17781, EUR/GBPdown 0.10% at 0.90301. The USD/CNY up 0.11% at 6.7109, at the time of writing.

In the commodity market U.S. Gold futures up 0.11% $1,909.9. Elsewhere, Silver futures down0.49% to $24.45 per ounce, Platinum up0.56% at $885.52 per ounce, and Palladium up 0.47 % to $2,348.

Crude Oil up on Tuesday, Brent crude futures (LCOc1) down0.49% to $40.50 a barrel while U.S. West Texas Intermediate (CLc1) futures is down 0.60%, to $38.72.

In the Cryptocurrency Markets, BTCUSD at 13716up 0.53%, Ethereum at 404.49 down0.36%, Litecoin up 2.31% at 59.29, at the time of writing.

Corporate news: Amazon.com Inc up 2.472%at $3286,Twitter Incup 4.633% at$51.27,Facebookup 2.23% to $283.29,Nvidia Corp.up 1.944% to $535.87,American Airlines Group Inc.down4.831% to $11.23, Zoom Video Communicationup 4.094% at $538.99.

Economic news:

US:The outlook for the U.S. economy has dimmed in the run-up to the presidential election, according to a Reuters poll which showed that a recent resurgence in novel coronavirus cases ran a high risk of halting the economic recovery.

Eurozone:Almost 200 European airports face insolvency, airports body ACI Europe says.

Important Data: US crude oil inventory data to be released today at 10:30, previously which was -1.001M and this time estimated around 1.230M. Japan publishes its Retail Sales data today at 19:50, previously which was -1.9% this time estimated around -7.7%.

TECHNICAL SUMMARY

GBPUSD

TRADE SUGGESTION- BUY AT 1.305, TAKE PROFIT AT 1.30728 AND STOP AT 1.30215

EURUSD

TRADE SUGGESTION- SELL AT 1.17690 , TAKE PROFIT AT 1.17 AND STOP LOSS AT 1.178

USDSEK

TRADE SUGGESTION- SELL AT 8.74, TAKE PROFIT AT 8.69 AND STOP AT 8.76

USDTRY

TRADE SUGGESTION- SELL AT 8.23574 , TAKE PROFIT AT 8.20 AND STOP AT 8.245

NIKKEI 225

TRADE SUGGESTION- SELL AT 23406, TAKE PROFIT AT 23333 AND STOP AT 23430

GOLD

TRADE SUGGESTION- SELL AT 1902 TAKE PROFIT AT 1894.64 AND STOP AT 1911

CRUDE OIL

TRADE SUGGESTION- SELL AT 38.38, TAKE PROFIT AT 37.54 AND STOP AT 38.77

ETHEREUM

TRADE SUGGESTION- SELL AT 393.98, TAKE PROFIT AT 385.22 AND STOP AT 399.75

 

[CSFX.Support]

Technical Analysis Report on 04 November 2020

Asian Stocks Up, but Pare Earlier Gains Over Closer-Than-Expected U.S. Election.The Shanghai composite is down0.01% at 3,271.31. Overall, the Singapore MSCIup0.88% to 285.7.Over in Hong Kong, the Hang Seng Index down by 0.56% to 24,893. In Japan, the Nikkei 225 up2.06% to 23,760 ,while the Topix index was up1.5% to 1629. South Korea’s Kospi up0.67% to 2,359.03. Australia S&P/ASX 200 down0.07% to6062.1.

European equities Tuesday closing. The DAX futures contract in Germany traded 0.44% up at 12124, CAC 40 futures in France up 2.44% at 4805.6 and the UK 100 futures contract in the U.K. up2.33% at 5,786.
In U.S. on Wall Street, the Dow Jones Industrial Average closed up2.06% to 27480 the S&P 500up1.78% to 3369.2 and the Nasdaq Composite up1.85% to 11160.6,NYSE closes at 12877.45up1.7%.

In the Forex market, GBPUSD down 0.48% at 1.29861. The USDJPY up 0.41% to 104.85.The USDCHF up 0.38% at 0.91544 .EURUSD down 0.45% at 1.16584, EUR/GBPup 0.10% at 0.89756. The USD/CNY up 0.30% at 6.6961, at the time of writing.

In the commodity market U.S. Gold futures down 0.66% $1,897.4. Elsewhere, Silver futures down2.17% to $23.805 per ounce, Platinum down1.22% at $864.3 per ounce, and Palladium down0.52 % to $2,285.

Crude Oil up onWednesday, Brent crude futures (LCOc1) up0.05% to $40.05 a barrel while U.S. West Texas Intermediate (CLc1) futures isup2.31%, to $37.66.

In the Cryptocurrency Markets, BTCUSD at 13750down2.08%, Ethereum at 383.35down1.31%, Litecoin down0.89% at 53.44, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY:

Arista Networksup15.441%at $249.49,Gartner Inc. up12.622% at$140.8,Pay Pal Holdings Inc down4.234% to $179.81,Tesla Inc up5.84% to $423.9,Liberty Global PLCup 4.501% to $19.27American Expressup2.367% at $93.4.

Economic news:

US:The U.S. Treasury said on Monday it plans to borrow $617 billion in the fourth quarter, lower than the August estimate, with the decline due to the department’s higher cash balance at the beginning of October.

The $617-billion estimate assumes an end-December cash balance of $800 billion, the Treasury said in a statement.
The Treasury also said it issued $454 billion in net debt in the third quarter, ending the three-month period with a cash balance of $1.782 trillion.

In August 2020, Treasury had estimated privately-held net marketable borrowing of $947 billion and assumed an end-September cash balance of $800 billion.

Eurozone: The European Union and Britain have so far failed to reach agreement on three most persistent sticking points in talks, both sides said on Tuesday, suggesting any breakthrough in securing a trade deal is still a way off.

After nearly two weeks of intensified talks to try to strike a deal to protect nearly a trillion dollars of trade from severe disruption, stubborn differences over fisheries, fair competition and settling disputes have yet to be overcome.

Important Data: US Crude Oil Inventory data to published today at 10:30 , previously which was 4.320M this time estimated around0.890M.US Non-Farm Employment Change data to published today at 8:15 , previously which was 749K this time estimated around 650K.UKComposite PMI data to be published today at 4:30 ,previously which was 56.5 this time estimated around53.9.

TECHNICAL SUMMARY​

GBPUSD

TRADE SUGGESTION- BUY AT 1.29827, TAKE PROFIT AT 1.30221 AND STOP AT 1.29092
EURUSD

TRADE SUGGESTION- SELL AT 1.16325, TAKE PROFIT AT 1.16020 AND STOP LOSS AT 1.16554
NZDUSD

TRADE SUGGESTION- BUY AT 0.66413, TAKE PROFIT AT 0.66666 AND STOP AT 0.66233
USDMXN

TRADE SUGGESTION- BUY AT 21.584 , TAKE PROFIT AT 21.65 AND STOP AT 21.47
EURO STOXX 50

TRADE SUGGESTION- SELL AT 3068, TAKE PROFIT AT 3027 AND STOP AT 3103
GOLD

TRADE SUGGESTION- SELL AT 1896 TAKE PROFIT AT 1891.31 AND STOP AT 1902
CRUDE OIL

TRADE SUGGESTION- SELL AT 40.09, TAKE PROFIT AT 39.26AND STOP AT 40.90
BTC USD

TRADE SUGGESTION- BUY AT 13754 TAKE PROFIT AT 14057 AND STOP AT 13682.18



For Daily Report Click Here https://www.capitalstreetfx.com/en/daily-technical-analysis/

 

[CSFX.Support]

Technical Analysis Report on 09 November 2020

Asian Stocks Up, Boosted by Biden Win in U.S. Elections.The Shanghai composite isup 2.04% at 3,379.29 Overall, the Singapore MSCIup1.1% to 298.75.Over in Hong Kong, the Hang Seng Index up by 1.64% to 26,144. In Japan, the Nikkei 225 up2.34% to 24,910 ,while the Topix index was up1.45% to 1684.5. South Korea’s Kospiup1.26% to 2,447.49. Australia S&P/ASX 200 up1.75% to6298.8.
European equities Friday closing. The DAX futures contract in Germany traded 0.7% down at 12480, CAC 40 futures in France down 0.46% at 4960.9 and the UK 100 futures contract in the U.K.up1.30% at 5,985.
In U.S. on Wall Street, the Dow Jones Industrial Average closed down0.24% to 28323 the S&P 500down0.03% to 3509.4 and the Nasdaq Composite up0.04% to 11895.2,NYSE closes at 13218.674up0.15%.
In the Forex market, GBPUSD up 0.28% at 1.31806. The USDJPY up 0.17% to 103.510.The USDCHF down 0.04% at 0.89951.EURUSD up0.12% at 1.18871, EUR/GBPdown 0.09% at 0.90175. The USD/CNY down 0.58% at 6.5698, at the time of writing.
In the commodity market U.S. Gold futures up 0.58% $1,963.1. Elsewhere, Silver futures up1.36% to $26.005 per ounce, Platinum up0.82% at $906.8 per ounce, and Palladium down0.87% to $2,478.2.
Crude Oil downonMonday, Brent crude oilup2.02% to $40.46 a barrel while U.S. West Texas Intermediate (CLc1) isup 2.01%, to $38.13.
In the Cryptocurrency Markets, BTCUSD at 15449down0.26%, Ethereum at452.92 down0.42%, Litecoin down1.26% at 60.29, at the time of writing.
TOP STOCKS TO WATCH OUT TODAY:
Biogen Incdown7.516%at $328.9,Ebay Inc up 2.591% at$50.69,NVIDIA Corp. up2.839% to $582.48,Walt Disney Co. up0.394% to $127.46,Johnson & Johnson up1.782% to $142.25,Walmart Incup1.603% at $145.77.
Economic news:
US:The big decline in the U.S. unemployment rate last month suggests the economy needs less a broad pandemic relief package than targeted support for hard-hit sectors, even as an unprecedented surge in COVID-19 cases raises questions about the durability of the job market rebound.
Overall, more people returned to work in October and the share of people either employed or looking for work increased, data from the U.S. Labor Department showed on Friday. But the report also showed new hiring is slowing, long-term unemployment is on the rise and employment in some struggling industries is still far below pre-pandemic levels.
Eurozone: British Prime Minister Boris Johnson said on Sunday a trade deal with the European Union was “there to be done”, suggesting his view that the agreement’s broad outline was already “pretty clear” was shared in Brussels.
After months of talks on a deal to protect trade between the two neighbours from possible quotas and tariffs, the two sides have yet to close significant differences on at least two main sticking points.
Any deal should be agreed by mid-November to allow for ratification, with some businesses hoping that the time pressure and a COVID-19 crisis spiralling across much of Europe can focus minds to avoid disruption at the end of the year.
Important Data:US 3 Years Note Auction today at 11:30 , previously which was 0.193%. Switzerland Unemployment Rate to be published today at 1:45, previously which was 3.3% this time estimated around 3.4% .Germany Trade Balance data to published today , previously which was 15.7B this time estimated around 15.8B .
TECHNICAL SUMMARY
GBPUSD

TRADE SUGGESTION- BUY AT 1.31890, TAKE PROFIT AT 1.31960 AND STOP AT 1.31491
EURUSD

TRADE SUGGESTION- BUY AT 1.19070, TAKE PROFIT AT 1.18921AND STOP LOSS AT 1.18573
USDTRY

TRADE SUGGESTION- SELL AT 8.21815, TAKE PROFIT AT 8.09765 AND STOP AT 8.344
AUDUSD

TRADE SUGGESTION- BUY AT 0.72911 , TAKE PROFIT AT 0.73207 AND STOP AT 0.72601
EURO STOXX 50

TRADE SUGGESTION- BUY AT 3245 , TAKE PROFIT AT 3270 AND STOP AT 3239
GOLD

TRADE SUGGESTION- SELL AT 1955.72 TAKE PROFIT AT 1936.67 AND STOP AT 1966.18
CRUDE OIL

TRADE SUGGESTION- SELL AT 37.96, TAKE PROFIT AT 36.95 AND STOP AT 38.32
LITECOIN USD

TRADE SUGGESTION- SELL AT 55.42 TAKE PROFIT AT 54.33 AND STOP AT 56.31

 

[CSFX.Support]

Technical Analysis Report on 10 November 2020


Asian stocks rally as investors applaud vaccine development.The Shanghai composite isdown0.14% at 3,368.69 Overall, the Singapore MSCIup3.0% to 307.3.Over in Hong Kong, the Hang Seng Index up by 0.9% to 26,265. In Japan, the Nikkei 225 up0.32% to 24,940 ,while the Topix index was up1.13% to 1700.5. South Korea’s Kospi up0.17% to 2,451.71. Australia S&P/ASX 200 up0.66% to6340.5.

European equities Monday closing. The DAX futures contract in Germany traded 4.94% up at 13095, CAC 40 futures in France up7.57% at5336.3 and the UK 100 futures contract in the U.K.up4.67% at 6,186.

In U.S. on Wall Street, the Dow Jones Industrial Average closed up2.95% to 29158 the S&P 500up1.17% to 3550.5 and the Nasdaq Composite down1.53% to 11713.8,NYSE closes at 13611.645down1.25%.

In the Forex market, GBPUSD up 0.10% at 1.3177. The USDJPY down 0.34% to 105.003.The USDCHF up 0.06% at 0.91291.EURUSD up0.11% at 1.18260, EUR/GBPup 0.04% at 0.89745. The USD/CNY down 0.27% at 6.6098, at the time of writing.

In the commodity market U.S. Gold futures up1.24% $1,877.4. Elsewhere, Silver futures up2.15% to $24.210 per ounce, Platinum up0.56% at $870.88 per ounce, and Palladium up0.04% to $2,483.5.

Crude Oil downonTuesday, Brent crude oildown0.19% to $41.92 a barrel while U.S. West Texas Intermediate (CLc1) isdown 0.33%, to $39.69.

In the Cryptocurrency Markets, BTCUSD at 15366up 0.23%, Ethereum at449.44 up1.17%, Litecoin down0.89% at 58.75, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY:

Whirlpool Corpdown10.39%at $180.69,Marriott International Inc up 13.87% at$118.3,NVIDIA Corp. down6.395% to $545.23,Amazon.comdown5.062% to $3143.74,American Expressup21.388%% to $117.37,Procter & Gamble Co down 3.659% at $137.99.

Economic news:

US:Junk bond yields rode a rally in risk assets to a record low on Monday, as investors buoyed by a Joe Biden presidential victory and progress toward a Covid-19 vaccine poured into the debt of riskier companies.

Investors are seeking riskier, higher-paying assets on bets that a Biden presidency and Republican-controlled Senate could mean a smaller stimulus package and heavier reliance on the Federal Reserve’s monetary policy of ultra-low interest rates through at least 2023.

Eurozone: Britain set out on Monday how it would let European Union financial services firms operate in Britain after a post-Brexit transition period ends on Dec. 31, saying it was no longer waiting for Brussels to decide access to its markets in return.

Finance minister Rishi Sunak said it was clear that there were “many areas” where the EU was not prepared to assess Britain’s requests.

“Of course, we will always want a constructive and engaged relationship with the European Union,” Sunak told parliament.

Important Data: US API Weekly Crude Oil Data today at 16:30, previously which was -8.010M.UK Claimant count change data to be published today at 2:00, previously which was -153K this time estimated around -148K.UK Unemployment Rate to be published today at 2:00, previously which was 4.5% this time estimated around -4.8%.

TECHNICAL SUMMARY

GBPUSD

TRADE SUGGESTION- BUY AT 1.31920, TAKE PROFIT AT 1.32346AND STOP AT 1.31570

EURUSD

TRADE SUGGESTION- SELL AT 1.18257, TAKE PROFIT AT 1.17900 AND STOP LOSS AT 1.18578

USDNOK

TRADE SUGGESTION- SELL AT 9.01835, TAKE PROFIT AT 8.98660 AND STOP AT 9.11

AUDJPY

TRADE SUGGESTION- BUY AT 76.59 , TAKE PROFIT AT 77.03 AND STOP AT 76.08

DAX 30

TRADE SUGGESTION- BUY AT 13082 , TAKE PROFIT AT 13292.8 AND STOP AT 12804.7

GOLD

TRADE SUGGESTION- SELL AT 1886.65 TAKE PROFIT AT 1874.56AND STOP AT 1893.49

CRUDE OIL

TRADE SUGGESTION- BUY AT 40.22 , TAKE PROFIT AT 41.4 AND STOP AT 39.69

ETHEREUM

TRADE SUGGESTION- SELL AT 440.17 TAKE PROFIT AT 432.09 AND STOP AT 456.9

 

[CSFX.Support]

Technical Analysis Report on 11 November 2020​

Asian Stocks Up, Vaccine Optimism Gains Continue.The Shanghai composite isdown0.39% at 3,346.81 Overall, the Singapore MSCIdown0.55% to 307.3.Over in Hong Kong, the Hang Seng Index down by 0.03% to 26,354. In Japan, the Nikkei 225 up1.52% to 25,330 ,while the Topix index was up1.50% to 1727. South Korea’s Kospi up1.22% to 2,482.7. Australia S&P/ASX 200 up1.72% to6449.7.

European equities Tuesday closing. The DAX futures contract in Germany traded 0.51% up at 13163, CAC 40 futures in France up1.55% at5519 and the UK 100 futures contract in the U.K.up1.79% at 6,296.

In U.S. on Wall Street, the Dow Jones Industrial Average closed up0.90% to 29420 the S&P 500down 0.14% to 3545.5 and the Nasdaq Composite down1.37% to 11553,NYSE closes at 13707down0.71%.

In the Forex market, GBPUSD down 0.11% at 1.3255. The USDJPY up 0.07% to 105.328.The USDCHF up 0.02% at 0.91519.EURUSD up0.06% at 1.182, EUR/GBPup 0.20% at 0.89173. The USD/CNY down 0.19% at 6.6021, at the time of writing.

In the commodity market U.S. Gold futures up0.27% $1,882.24. Elsewhere, Silver futures up0.63% to $24.363 per ounce, Platinum up0.38% at $889.33 per ounce, and Palladium up0.06% to $2,463.5.

Crude Oil uponTuesday, Brent crude oilup0.30% to $44.13a barrel while U.S. West Texas Intermediate (CLc1) isup 0.25%, to $41.89.

In the Cryptocurrency Markets, BTCUSD at 15412up 0.64%, Ethereum at462.44 up2.64%, Litecoin up2.52% at 59.38, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY:

General Motorsup5.44%at $41.08,Carnival Corpdown13.09% at$16.73,NVIDIA Corp. down6.315% to $510.8,PepsiCo Inc. up 2.362% to $141.72,CSX Corpup3.628% to $91.4,Procter & Gamble Co up1.645% at $140.26.

Economic news:

US:Kansas City Federal Reserve Bank President Esther George said Tuesday she was encouraged and surprised by the strength of the third-quarter bounceback from the coronavirus downturn, but said she expects growth to moderate, and believes Fed monetary policy is where it should be.

“The calibration right now is appropriate,” George said of the Fed’s near-zero interest rates and current pace of bond buys. The key risk to growth, she said in a virtual event put on by Monmouth University, is the coronavirus, which has put women and people of color out of work at higher rates than others, and continues to weigh on some sectors more than others.

Eurozone: Negotiators from the European Parliament and EU governments agreed the details of the 2021-2027 EU budget on Tuesday, in a crucial step for the activation of the bloc’s 1.8 trillion euro (£1.6 trillion) recovery package to make the economy greener and more digital.

“A deal for Europe – Council and European Parliament negotiators reach political agreement on the EU budget & recovery package,” the spokesman for the German presidency of the EU Sebastian Fischer said on Twitter.

The deal, which took almost four months to negotiate, now needs to be formally endorsed by EU governments and the European Parliament.

Important Data:US OPEC Monthly Report today at 06:00.UK NIESR GDP Estimateto be published today , previously which was 15.2%.JAPANTertiary Industry Activity Indexto be published today at 23:30 , previously which was 0.8%.

US Seevol Cushing Storage Report today at 9:30, previously which was 2.411M.

TECHNICAL SUMMARY

GBPUSD

TRADE SUGGESTION- BUY AT 1.3296, TAKE PROFIT AT 1.34055 AND STOP AT 1.31649

EURUSD

TRADE SUGGESTION- SELL AT 1.18202 , TAKE PROFIT AT 1.17826 AND STOP LOSS AT 1.18572

AUDCHF

TRADE SUGGESTION- BUY AT 0.6687, TAKE PROFIT AT 0.6709 AND STOP AT 0.6679

GBPCAD

TRADE SUGGESTION- BUY AT 1.73069 , TAKE PROFIT AT 1.73746 AND STOP AT 1.72454

DOW JONES

TRADE SUGGESTION- BUY AT 29495 , TAKE PROFIT AT 30000 AND STOP AT 29000

GOLD

TRADE SUGGESTION- SELL AT 1878 TAKE PROFIT AT 1847 AND STOP AT 1889

CRUDE OIL

TRADE SUGGESTION- BUY AT 42.3 , TAKE PROFIT AT 43.48 AND STOP AT 41.37

LITECOIN

TRADE SUGGESTION- SELL AT 55 TAKE PROFIT AT 52.82 AND STOP AT 55.96







For More Update Join Telegram - https://t.me/CapitalStreetFx

 

[CSFX.Support]

The report presents a summary of all upcoming and recent fundamental events as well as technical analysis for the major markets.
Daily Report - 19th November 2020​

Asian shares drifted off all-time highs on Thursday as widening COVID-19 restrictions in the United States weighed on Wall Street. The Shanghai Composite is up 0.25% at 3,355.96 Overall, the Singapore MSCI flat at 317.60. Over in Hong Kong, the Hang Seng Index down by 0.48% to 26,428. In Japan, the Nikkei 225 down 0.51% to 25,570, while the Topix index was up 0.23% to 1723. South Korea’s Kospi down 0.13% to 2541.94. Australia S&P/ASX 200 up 0.25% to 6547.

European equities Wednesday closing. The DAX futures contract in Germany traded 0.52% up at 13201.89, CAC 40 futures in France up 0.52% at 5511 and the UK 100 futures contract in the U.K. up 0.31% at 6,385.2. The U.S. on Wall Street, the Dow Jones Industrial Average closed down 1.16% to 29438 the S&P 500 down 1.16% to 3567.3 and the Nasdaq Composite down 0.82% to 11801, NYSE closes at 13808 down 1.01%.

In the Forex market, GBP/USD down 0.24% at 1.32351. The USD/JPY down 0.02% to 103.779. The USD/CHF up 0.02% at 0.91110. EUR/USD down 0.02% at 1.18499, EUR/GBP up 0.27% at 0.89523. The USD/CNY up 0.23% at 6.5742, at the time of writing.

In the commodity market U.S. Gold futures down 0.77% at $1,859.5. Elsewhere, Silver futures down 1.48% to $24.085 per ounce, Platinum down 0.94% at $942 per ounce, and Palladium down 1.16% to $2,326.6. Crude Oil down on Thursday, Brent Crude Oil down 0.20% to $44.05 a barrel while U.S. West Texas Intermediate (CLc1) is up 0.43%, to $41.41.

In the Cryptocurrency Markets, BTC/USD at 17895.31 up 0.64%, Ethereum at 476.76 down 0.42%, Litecoin up 0.19% at 73.96, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY:

CBOE Global Markets up 2.143% at $88.66, FLIR Systems Inc up 2.901% at $38.1, TESLA Inc up 10.197% to $486.64, ZOOM Video Co. up 3.339% to $415.04, COGNIZANT Tech Inc down 2.709% to $74.7, BIOGEN Inc down 3.147% at $240.98.

Economic news: US: Judy Shelton, Republican President Donald Trump’s contentious pick to fill a vacant seat at the Federal Reserve, faced a more difficult road to confirmation as the U.S. Senate adjourned on Wednesday until after Thanksgiving. On Tuesday, the Republican-controlled Senate failed to muster the required votes to move her nomination ahead in the confirmation process. That was in part because a couple of Republicans joined Democrats in opposing Trump’s former economic adviser out of concern her perceived partisanship could imperil the Fed’s independence. In addition, two other Republicans had to skip the vote because they were quarantining due to the coronavirus.

Eurozone: European leaders could push ahead with a post-coronavirus recovery fund and European Union budget without Hungary and Poland as a last resort should they continue to block the adoption of the bloc’s long-term budget, a French official said on Wednesday.

Hungary and Poland blocked the adoption of the 2021-2027 budget and recovery fund at a meeting of ambassadors of EU nations on Monday, over a clause making access to money conditional on respect for the rule of law.

The nationalist governments in Budapest and Warsaw oppose linking EU money and respect for the rule of law as they face a formal EU investigation over undermining the independence of courts, media and non-government bodies.

French officials say they are still trying to persuade Poland and Hungary to lift their veto and unblock the adoption of the 750 billion euro ($889 billion) recovery package and the 1.1 trillion euro budget ahead of Thursday’s summit of EU leaders.

Important Data: US Initial Jobless Claims today at 8:30 this time estimate to be 707K, previously which was 709K. US Existing Home Sales (Oct) today at 10:00 this time estimate to be 6.45M, previously which was 6.54M. AUSTRALIA Retail Sales (MoM) (Oct) today at 19:30 this time estimate to be -1.5%, previously which was -1.1%.

TECHNICAL SUMMARY
#GBPUSD

TRADE SUGGESTION- BUY AT 1.32327, TAKE PROFIT AT 1.32659 AND STOP AT 1.32100

#EURUSD

TRADE SUGGESTION- SELL AT 1.18465, TAKE PROFIT AT 1.18222 AND STOP LOSS AT 1.18793

#EURGBP

TRADE SUGGESTION- SELL AT 0.89503, TAKE PROFIT AT 0.89418 AND STOP AT 0.89625

#EURJPY

TRADE SUGGESTION- SELL AT 122.933, TAKE PROFIT AT 122.527 AND STOP AT 123.312

#CAC40

TRADE SUGGESTION- BUY AT 5465.4, TAKE PROFIT AT 5511.7 AND STOP AT 5433.3

#GOLD

TRADE SUGGESTION- SELL AT 1863 TAKE PROFIT AT 1857 AND STOP AT 1875

#CRUDE OIL

TRADE SUGGESTION- BUY AT 41.41, TAKE PROFIT AT 42.14 AND STOP AT 41.23

#LITECOIN

TRADE SUGGESTION- SELL AT 69.70 TAKE PROFIT AT 68.29 AND STOP AT 71.25

Capital Street Intermarkets Limited is fully licensed and regulated by the FSC Mauritius, as a Full Services Investment Dealer (excluding underwriting), under the license number C112010690.

 

[CSFX.Support]

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

Asian shares advanced on Thursday as markets’ euphoric mood over COVID-19 vaccines and the prospects of more political predictability. The Shanghai Composite is up 0.13% at 3,366.13.

Overall, the Singapore MSCI down 0.55% at 324.75. Over in Hong Kong, the Hang Seng Index up by 0.20% to 26,699.
In Japan, the Nikkei 225 up 0.61% at 26,540, while the Topix index was up 0.45% at 1779.
South Korea’s Kospi down 0.68% to 2619.34. Australia S&P/ASX 200 up 0.70% to 6636.4.

European equities Wednesday closing. The DAX futures contract in Germany traded 0.02% down at 13289.8, CAC 40 futures in France up 0.23% at 5571.3 and the UK 100 futures contract in the U.K. down 0.64% at 6,391.1.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed up 1.54% to 30046.2 the S&P 500 up 1.62% to 3635.4 and the Nasdaq Composite up 1.31% to 12036, NYSE closes at 14249.5 up 1.79%.

In the Forex market, #GBPUSD up 0.11% at 1.33902. The #USDJPY down 0.09% to 104.344. The #USDCHF flat at 0.90690. #EURUSD up 0.15% at 1.19328, EUR/GBP up 0.15% at 0.89108. The USD/CNY down 0.16% at 6.5658, at the time of writing.

In the commodity market U.S. Gold futures up 0.10% at $1,809.26. Elsewhere, Silver futures down 0.25% to $23.27per ounce, Platinum up 0.25% at $967.43per ounce, and Palladium up 1.52% to $2,375.0.

Crude Oil up on Thursday, Brent Crude Oil up 0.06% to $48.85 a barrel while U.S. West Texas Intermediate (CLc1) is up 0.14% at $45.90.
In the Cryptocurrency Markets, #BTCUSD at 17980.0 down 4.01%, Ethereum at 531.21 down 6.70%, Litecoin down 4.49% at 78.05, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY:

ETSY Inc. up 5.443% at $145.09, AUTODESK Inc up 4.738% at $271.24, PayPal Holdings up 4.107% to $214.46, TWITTER Inc up 2.653% to $46.43, TESLA Inc up 3.353% to $574, AMAZON. Com Inc up 2.149% at $3185.07.
Economic news:
US: Household spending rose more than expected in October while incomes declined, indicating consumers may have less wherewithal to keep driving the economy amid a surging coronavirus and lack of fresh government aid.
Purchases increased 0.5% from the prior month, following a 1.2% gain in September, a Commerce Department report showed Wednesday. That compared with estimates for a 0.4% increase. Personal incomes dropped 0.7%, a larger decrease than forecast, owing in large part to a decline in government supplemental jobless benefits.

Eurozone: Britain’s government spent almost twice as much as expected on encouraging people to eat in restaurants, cafés and pubs during what proved to be a temporary lull in COVID-19 cases in August.

Official figures released on Wednesday ahead of new spending plans from finance minister Rishi Sunak showed his Eat Out to Help Out scheme cost 849 million pounds ($1.13 billion), much more than an initial government estimate of 500 million pounds. The program paid up to half the cost of more than 160 million meals during August to boost one of the sectors the hardest hit by the first coronavirus lockdown.

Important Data: SWITZERLAND Employment Level (Q3) today at 02:30 previously which was 5.095M. JAPAN Tokyo Core CPI (YoY) (Nov) today at 18:30 this time estimate to be -0.7%, previously which was -0.5%. CHINA Chinese Industrial profit (YoY) (Oct) today at 20:30 previously which was -2.4%. SINGAPORE Industrial Production (MoM) (Oct) today at this time estimate to be 6.2%, previously which was 25.6%.

TECHNICAL SUMMARY

#GBPUSD

TRADE SUGGESTION- BUY AT 1.33902, TAKE PROFIT AT 1.34150 AND STOP AT 1.33279

#EURUSD

TRADE SUGGESTION- BUY AT 1.19329, TAKE PROFIT AT 1.19635 AND STOP LOSS AT 1.18952
#GBPCAD

TRADE SUGGESTION- BUY AT 1.74070, TAKE PROFIT AT 1.74352 AND STOP AT 1.73849

#GBPAUD

TRADE SUGGESTION- SELL AT 1.81783, TAKE PROFIT AT 1.81116 AND STOP AT 1.82344
#HANG SENG

TRADE SUGGESTION- BUY AT 26723, TAKE PROFIT AT 26855 AND STOP AT 26524

#GOLD

TRADE SUGGESTION- BUY AT 1811 TAKE PROFIT AT 1848 AND STOP AT 1801

#CRUDE OIL

TRADE SUGGESTION- SELL AT 45.6, TAKE PROFIT AT 44.68 AND STOP AT 46.43


#LITECOIN

TRADE SUGGESTION- SELL AT 72.03 TAKE PROFIT AT 67.10 AND STOP AT 75.71

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[CSFX.Support]

Technical Analysis Report on 04 December 2020


Asian stocks rally as investors applaud vaccine development.The Shanghai composite isdown0.14% at 3,368.69 Overall, the Singapore MSCIup3.0% to 307.3.Over in Hong Kong, the Hang Seng Index up by 0.9% to 26,265. In Japan, the Nikkei 225 up0.32% to 24,940 ,while the Topix index was up1.13% to 1700.5. South Korea’s Kospi up0.17% to 2,451.71. Australia S&P/ASX 200 up0.66% to6340.5.

European equities Monday closing. The DAX futures contract in Germany traded 4.94% up at 13095, CAC 40 futures in France up7.57% at5336.3 and the UK 100 futures contract in the U.K.up4.67% at 6,186.

In U.S. on Wall Street, the Dow Jones Industrial Average closed up2.95% to 29158 the S&P 500up1.17% to 3550.5 and the Nasdaq Composite down1.53% to 11713.8,NYSE closes at 13611.645down1.25%.

In the Forex market, GBPUSD up 0.10% at 1.3177. The USDJPY down 0.34% to 105.003.The USDCHF up 0.06% at 0.91291.EURUSD up0.11% at 1.18260, EUR/GBPup 0.04% at 0.89745. The USD/CNY down 0.27% at 6.6098, at the time of writing.

In the commodity market U.S. Gold futures up1.24% $1,877.4. Elsewhere, Silver futures up2.15% to $24.210 per ounce, Platinum up0.56% at $870.88 per ounce, and Palladium up0.04% to $2,483.5.

Crude Oil downonTuesday, Brent crude oildown0.19% to $41.92 a barrel while U.S. West Texas Intermediate (CLc1) isdown 0.33%, to $39.69.

In the Cryptocurrency Markets, BTCUSD at 15366up 0.23%, Ethereum at449.44 up1.17%, Litecoin down0.89% at 58.75, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY:

Whirlpool Corpdown10.39%at $180.69,Marriott International Inc up 13.87% at$118.3,NVIDIA Corp. down6.395% to $545.23,Amazon.comdown5.062% to $3143.74,American Expressup21.388%% to $117.37,Procter & Gamble Co down 3.659% at $137.99.

Economic news:

US:Junk bond yields rode a rally in risk assets to a record low on Monday, as investors buoyed by a Joe Biden presidential victory and progress toward a Covid-19 vaccine poured into the debt of riskier companies.

Investors are seeking riskier, higher-paying assets on bets that a Biden presidency and Republican-controlled Senate could mean a smaller stimulus package and heavier reliance on the Federal Reserve’s monetary policy of ultra-low interest rates through at least 2023.

Eurozone: Britain set out on Monday how it would let European Union financial services firms operate in Britain after a post-Brexit transition period ends on Dec. 31, saying it was no longer waiting for Brussels to decide access to its markets in return.

Finance minister Rishi Sunak said it was clear that there were “many areas” where the EU was not prepared to assess Britain’s requests.

“Of course, we will always want a constructive and engaged relationship with the European Union,” Sunak told parliament.

Important Data: US API Weekly Crude Oil Data today at 16:30, previously which was -8.010M.UK Claimant count change data to be published today at 2:00, previously which was -153K this time estimated around -148K.UK Unemployment Rate to be published today at 2:00, previously which was 4.5% this time estimated around -4.8%.

TECHNICAL SUMMARY

GBPUSD

TRADE SUGGESTION- BUY AT 1.31920, TAKE PROFIT AT 1.32346AND STOP AT 1.31570

EURUSD

TRADE SUGGESTION- SELL AT 1.18257, TAKE PROFIT AT 1.17900 AND STOP LOSS AT 1.18578

USDNOK

TRADE SUGGESTION- SELL AT 9.01835, TAKE PROFIT AT 8.98660 AND STOP AT 9.11

AUDJPY

TRADE SUGGESTION- BUY AT 76.59 , TAKE PROFIT AT 77.03 AND STOP AT 76.08

DAX 30

TRADE SUGGESTION- BUY AT 13082 , TAKE PROFIT AT 13292.8 AND STOP AT 12804.7

GOLD

TRADE SUGGESTION- SELL AT 1886.65 TAKE PROFIT AT 1874.56AND STOP AT 1893.49

CRUDE OIL

TRADE SUGGESTION- BUY AT 40.22 , TAKE PROFIT AT 41.4 AND STOP AT 39.69

ETHEREUM

TRADE SUGGESTION- SELL AT 440.17 TAKE PROFIT AT 432.09 AND STOP AT 456.9

 

[CSFX.Support]

Global Markets Weekly Report – 05 December 2020

1. U.S: Pending Home Sales (MoM) (Oct) increased from -2.0% to -1.1%
2. .UK: Manufacturing PMI (Nov) stable at 55.6.
3. CANADA: Employment Change (Nov) decreased from 83.6K to 62.1K.
4. Gold: Gold prices consolidated on Friday after a three-day run-up, ending with their best week in four as investors hedging against the tumbling dollar steadfastly backed the yellow metal amid renewed emphasis for a US Covid-19 fiscal relief bill.
5. CRUDE OIL: The world’s biggest oil producers have reached a compromise agreement on the supply of crude oil for next year, in an attempt to ensure an ongoing recovery in markets that remain fragile as a result of the COVID-19 pandemic.After a week of online deliberations, OPEC+, the alliance of producers led by Saudi Arabia and Russia, agreed to increase output from January by only 500,000 barrels per day — significantly less than the 2 million barrels originally planned.
6. BITCOIN: The November BTC rally to test all-time price highs saw more than 1% of Bitcoin’s supply move out of long-term storage.

According to Unchained Capital’s “hodlwaves” metric, which measures the time since Bitcoin has moved on-chain, roughly 15% of the Bitcoin that had not been moved for between five and seven years as of Nov. 1 was finally transferred on-chain during the month of November.
5 KEY EVENTS TO WATCH OUT
1. UK: 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.
2. GERMANY: 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.
3. CANADA: The Ivey Purchasing Managers’ Index (PMI) measures the activity level of purchasing managers in Canada. A reading above 50 indicates expansion; a reading below 50 indicates contraction. The index is a joint project of the Purchasing Management Association of Canada and the Richard Ivey School of Business
4. U.S.A: Nonfarm Productivity measures the annualized change in labour efficiency when producing goods and services, excluding the farming industry. Productivity and labour-related inflation are directly linked-a drop in a worker’s productivity is equivalent to a rise in their wage.
5. RUSSIA: 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.
EQUITIES IN THE COMING WEEK
1. AUTOZONE to announce its Quarterly Results on 8th December 2020, EPS estimated to 17.26 per share while revenue estimated 3.12B.
2. ADOBE to announce its Quarterly Results on 9th December 2020, EPS estimated to 2.66 per share while revenue estimated 3.36B.
3. ORACLE to announce its Quarterly Results on 10th December 2020, EPS estimated to 0.9971 per share while revenue estimated 9.76B.
4. NATIONAL BEVERAGE to announce its Quarterly Results on 10th December 2020, EPS estimated to 0.9003 per share while revenue estimated 279.8M.
5. PHOTRONICS to announce its Quarterly Results on 9th December 2020, EPS estimated to 0.1533 per share while revenue estimated 153.87M.
TOP COMMODITIES IN THE COMING WEEK
GOLD

In Gold is currently in downward trend.
SILVER

SILVER is currently in downward trend until the resistance is broken.
BRENT CRUDE OIL

BRENT CRUDE OIL is currently in up trend.
TOP CRYPTO IN THE COMING WEEK
BTCUSD

BTCUSD has formed a cup pattern which started on 15-12-2017 and completed with a recent high. Further upside might be seen in coming months after forming a handle which will be in downside with consolidation.
ETHEREUM

ETHEREUM might cool down for some time due to heavy volatility in last few days.
TOP CURRENCY IN THE COMING WEEK
EURUSD

EURUSD is in uptrend, it might retest 1.19147 level.
EURJPY

EURJPY is in uptrend the trend will continue until it breaks 124.388 level important support.
USDMXN

USDMXN is currently in downward trend.
USDZAR

USDZAR is in down trend the trend will continue until there is breakout.
TOP INDEX IN THE COMING WEEK
NASDAQ 100

NASDAQ 100 INDEX currently in upward trend until it breaks its important support at 12411.
CAC 40

DAX 30 is in uptrend
NIKKEI 225

NIKKEI 225 INDEX is in uptrend.
DATA WATCH

Time	Currency	Event	Forecast	Previous
Sunday, December 6, 2020
05:00	EUR	ECB President Lagarde Speaks
Monday, December 7, 2020
10:00	CAD	Ivey PMI (Nov)	51.5	54.5
18:50	JPY	GDP (QoQ) (Q3)	5.00%	-7.90%
Tuesday, December 8, 2020
05:00	EUR	German ZEW Economic Sentiment (Dec)	46	39
07:00	USD	EIA Short-Term Energy Outlook
Wednesday, December 9, 2020
10:00	USD	JOLTs Job Openings (Oct)		6.436M
10:00	CAD	BoC Interest Rate Decision	0.25%	0.25%
10:30	USD	Crude Oil Inventories	-2.358M	-0.679M
Thursday, December 10, 2020
02:00	GBP	GDP (MoM)		1.10%
02:00	GBP	Manufacturing Production (MoM) (Oct)	0.20%	0.20%
07:45	EUR	ECB Interest Rate Decision (Dec)		0.00%
08:30	USD	Core CPI (MoM) (Nov)	0.10%	0.20%
08:30	USD	Initial Jobless Claims		712K
Friday, December 11, 2020
08:30	USD	PPI (MoM) (Nov)	0.20%	0.30%