Report Daily Report and Market Analysis By CapitalStreetFx

[CapitalStreetFx]

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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[CapitalStreetFx]

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​

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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[CapitalStreetFx]

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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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.​

 

[CapitalStreetFx]

The report presents a summary of all upcoming and recent fundamental events as well as technical analysis for the major markets.

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 TikTok, 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

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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.​

 

[CapitalStreetFx]

The report presents a summary of all upcoming and recent fundamental events as well as technical analysis for the major markets.

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

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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

 

[CapitalStreetFx]

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

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[CapitalStreetFx]

The report presents a summary of all upcoming and recent fundamental events as well as technical analysis for the major markets.

DAILY REPORT - 24th Aug 2020 ​

The dollar remains steady against major currencies in the early part of today’s trading session. Traders are on the lookout for more data this week, that shall provide a measure of the health of the global economy. Also in focus, is the Federal Reserve’s annual Jackson Hole meeting for guidance on the future trajectory of U.S. monetary policy.
US Dollar Index futures inched down 0.05% to 93.190. GBP futures edged up 11 pips to 1.3106 while Euro futures rose 0.11% and were trading at 1.1808. JPY futures climbed 0.004050 to 0.942450, at the time of writing. USD/JPY inched up 0.06% to 105.84, while EUR/USD rose 0.03% at 1.1797. GBP/USD advanced 0.12% to 1.3102. USD/CNY advanced 0.02% and is trading at 6.9192, while the Australian dollar inched up to $0.7175.
Dow futures were trading higher by 0.69% at 27,930.33. Nasdaq 100 futures inched up 0.42% to 11,311.80 and S&P 500 futures advanced 0.34% to 3,397.16 respectively, at the time of writing.
European equities are trading in positive territory. In the Cash Markets, the CAC 40 rose 0.70% to 4,929.73 and the DAX inched up 0.16% to 12,785.80. London’s FTSE is 31 points higher at 6,025 and the pan-European Stoxx 600 climbed 0.02% to 365.09, at the time of writing.
Asia-Pacific markets were trading higher today as investors continue to watch the developments on the coronavirus pandemic front. Hong Kong’s Hang Seng Index gained among the major regional markets and jumped 1.47% by the afternoon. Mainland Chinese stocks were also trading higher. The Shanghai composite advanced 0.18% while the Shenzhen component inched up 1.39%. In Japan, the Nikkei 225 was little changed in afternoon trade at 22,985.51. South Korea’s Kospi climbed 0.8%. The S&P/ASX 200 in Australia rose 0.30% to 6,129.60, at the time of writing.
In the Commodity Markets, Crude oil prices climbed higher on Monday as Hurricane Marco and Tropical Storm Laura tore through the Gulf of Mexico. Oil producers had to shut down 58% of the Gulf’s oil production and 45% of natural gas production on Sunday that accounts for 17% of total U.S. oil production and 5% of U.S. natural gas output. The international benchmark Brent inched down to $44.33 per barrel, and the WTI crude futures also fell 0.14% to $42.28 per barrel.
In news related to precious metals, Spot gold was down 0.3% to $1,934.13 per ounce after hitting a one-week low of $1,910.99 on Friday. U.S. gold futures edged 0.2% up and are trading at $1,942.90. Silver inched down 0.7% to $26.50 per ounce, platinum fell down 0.4% to $915.35, and palladium fell 1.3% to $2,154.28, at the time of writing.
In the Cryptocurrency Markets, Ethereum is holding near the crucial support zone around the $380 level against the US Dollar. It may climbed back to the $400 mark anytime soon. Ethereum inched up 1.57% to $397.66 and Bitcoin gained 1.32% to $11,759.16 respectively over the last 24 hours. Litecoin rose 3.91% to 61.448, and Dash increased 42.80% to 92.16, at the time of writing.
In other news related to the cryptocurrency markets, The CEO of Coinbase said that “the Apple has been very restrictive and hostile to cryptocurrency over the years. They’re still blocking some functionality right now, including the ability to earn money with cryptocurrency by completing tasks, and unrestricted dapp browsers.”


TECHNICAL SUMMARY

EUR/USD

EUR/USD D1

TRADE SUGGESTION- BUY AT 1.18181, TAKE PROFIT AT 1.18768 AND STOP AT 1.17524

AUD/USD

AUD/USD D1

TRADE SUGGESTION – BUY AT 0.71841, TAKE PROFIT AT 0.72669 AND STOP AT 0.70986


USD/JPY

USD/JPY D1

TRADE SUGGESTION- SELL AT 106.220, TAKE PROFIT AT 105.109 AND STOP AT 107.013


GBP/USD

GBP/USD D1

TRADE SUGGESTION- BUY AT 1.31024, TAKE PROFIT AT 1.31945 AND STOP AT 1.30232


NASDAQ 100

NASDAQ 100 D1

TRADE SUGGESTION- BUY AT 11630.00, TAKE PROFIT AT 11689.25 AND STOP AT 11564.50


MICROSOFT CORP.

MICROSOFT CORP. D1

TRADE SUGGESTION- BUY AT 213.24, TAKE PROFIT AT 217.85 AND STOP AT 209.19

GOLD

GOLD D1

TRADE SUGGESTION- BUY AT 1940.39, TAKE PROFIT AT 1955.64 AND STOP AT 1920.52


BTC/USD

BTC/USD D1

TRADE SUGGESTION- BUY AT 11792.54, TAKE PROFIT AT 11889.28 AND STOP AT 11681.79


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[CapitalStreetFx]

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

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[CapitalStreetFx]

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

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[CapitalStreetFx]

The report presents a summary of all upcoming and recent fundamental events as well as technical analysis for the major markets.

DAILY REPORT - 8th 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.

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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

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[CapitalStreetFx]

The report presents a summary of all upcoming and recent fundamental events as well as technical analysis for the major markets.

DAILY REPORT - 22nd December 2020
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Asia Pacific stocks were down on Tuesday morning, with a new COVID-19 strain threatening to trigger a fresh wave of lockdowns and travel restrictions dampening sentiment. The Shanghai Composite is down 1.91% at 3,355.113. Overall, the Singapore MSCI down 0.40% at 319.90. Over in Hong Kong, the Hang Seng Index down 1.21% to 26,025. In Japan, the Nikkei 225 down 1.16% at 26,340, while the Topix index was down 1.37% to 1759.5. South Korea’s Kospi down 1.62% to 2733.68. Australia S&P/ASX 200 down 1.05% to 6599.6.

European equities Monday closing. The DAX futures contract in Germany traded 2.82% down at 13246.20, CAC 40 futures down 2.43% at 5393.3 and the UK 100 futures contract in the U.K. down 1.73% at 6,416.3.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.12% at 30216.5 the S&P 500 down 0.39% to 3694.9 and the Nasdaq 100 down 0.28% at 12667.3, NYSE closes at 14378.849 down 0.61%.

In the Forex market, GBPUSD down 0.43% at 1.33998. The USDJPY up 0.15% at 103.449. The USDCHF up 0.22% at 0.88744. EURUSD down 0.19% at 1.22175, EUR/GBP up 0.33% at 0.91190. The USD/CNY up 0.06% at 6.5503, at the time of writing.

In the commodity market U.S. Gold futures down 0.38% at $1,869.61. Elsewhere, Silver futures down 1.51% to $25.741per ounce, Platinum down 1.92% at $992.10 per ounce, and Palladium down 0.09% to $2,314.50.

Crude Oil down on Tuesday; Brent Crude oil down 2.16% to $49.72 barrel while U.S. West Texas Intermediate (CLc1) is down 0.61% at $47.63.
In the Cryptocurrency Markets, BTCUSD at 23816.24 up 0.28%, Ethereum at 603.52 down 0.70%, Litecoin at 101.97 down 2.34%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY:

GOLDMAN SACHS up 6.133% at $256.98, MORGAN STANLEY up 5.687% at $67.83, NIKE Inc. up 4.91% to $144.02, CITI GROUP Inc. up 3.674% to $61.23, TESLA Inc. down 6.495% to $649.86,TECHNIC FMC PLC down 3.481% at $9.15.
Economic news:

US: A majority of the Democratic-controlled U.S. House of Representatives on Monday voted to pass a $900 billion coronavirus aid bill, which is attached to federal agency spending needed to avert a government shutdown at midnight when existing money expires.
With the bill headed toward House passage, it would next be considered by the Senate, which is standing by in what is expected to be an overwhelming vote of approval.

Eurozone: The European Union has opened two investigations into Chinese exporters to assess whether steel screws are being sold in the bloc at excessively low prices and whether optical fiber cables are benefiting from unfair subsidies.

The EU increasingly sees China as a systemic rival and has 23 investigations underway into various products exported from the country, which makes up about half of the EU’s total number of investigations into trade dumping or subsidies.

One of the new investigations is into alleged dumping of iron and steel screws, bolts and washers after a complaint from the European Industrial Fasteners Institute, the EU official journal said on Monday.

The Institute alleges that Chinese exporters have increased shipments, increased market share and harmed EU producers through their low prices.
Important Data: UK GDP (QoQ) (Q3) today at 2:00 this time estimate to be 15.5%, previously which was -19.8%. US GDP (QoQ) (Q3) today at 8:30 this time estimate to be 33.1%, previously which was -31.4%. AUSTRALIA Private Sector Credit (MoM) (Nov) today at 19:30, previously which was 0.0%. GERMAN GfK German Consumer Climate (Jan) today at 2:00 previously which was -6.7.

TECHNICAL SUMMARY
EURUSD

TRADE SUGGESTION- BUY AT 1.22181, TAKE PROFIT AT 1.22480 AND STOP AT 1.21777
GBPJPY

TRADE SUGGESTION- SELL AT 138.630, TAKE PROFIT AT 138.336 AND STOP LOSS AT 138.864
NZDUSD

TRADE SUGGESTION- SELL AT 0.70521, TAKE PROFIT AT 0.70291 AND STOP LOSS AT 0.70720
EURAUD

TRADE SUGGESTION- BUY AT 1.6187, TAKE PROFIT AT 1.6213 AND STOP AT 1.6138
FTSE 100

TRADE SUGGESTION- SELL AT 6347.4 TAKE PROFIT AT 6317.6 AND STOP AT 6373.8
BRENT CRUDE OIL

TRADE SUGGESTION- SELL AT 50.12 TAKE PROFIT AT 49.60 AND STOP AT 50.92
CRUDE OIL

TRADE SUGGESTION- SELL AT 47.00, TAKE PROFIT AT 46.60 AND STOP AT 47.68
ETHEREUM

TRADE SUGGESTION- SELL AT 593.94 TAKE PROFIT AT 574.16 AND STOP AT 604

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[broforex]

EURCAD today as we see here, the trend is bullish but there is any correction, so you can start buy it when the price breaks resistance area at 1.56805 with potential target up to 1.57656

 

[CapitalStreetFx]

The report presents a summary of all upcoming and recent fundamental events as well as technical analysis for the major markets.
Daily Market Report as on 22nd January 2021​

Asia Pacific stocks were mostly down on Friday morning. The Shanghai Composite is down 0.59% at 3,598.70. Overall, the Singapore MSCI down 0.87% at 340.75. Over in Hong Kong, the Hang Seng Index down 1.33% to 29,516. In Japan, the Nikkei 225 down 0.28% at 28,650, while the Topix index is down 0.05% at 1855.5. South Korea’s Kospi up 0.50% to 3143.93. Australia S&P/ASX 200 down 0.34% at 6800.4.

European equities Thursday closing. The DAX futures contract in Germany traded 0.11% down at 13906.67, CAC 40 futures down 0.67% at 5590.8 and the UK 100 futures contract in the U.K. down 0.37% at 6,715.4.

In U.S. on Wall Street, the Dow Jones Industrial Average closed flat at 31176.0 the S&P 500 up 0.03% to 3853.1 and the Nasdaq 100 down 0.38% at 13360.0, NYSE closes at
15019.04 down 0.52%.

In the Forex market, GBPUSD down 0.25% at 1.36943. The USDJPY up 0.16% at 103.643. The USDCHF up 0.04% at 0.88541. EURUSD up 0.03% at 1.21648, EUR/GBP up 0.28% at 0.88825. The USD/CNY up 0.20% at 6.4726, at the time of writing.

In the commodity market U.S. Gold futures down 0.57% at $1,858.63. Elsewhere, Silver futures down 1.63% to $25.441 per ounce, Platinum down 1.58% at $1106.68 per ounce, and Palladium down 0.19% to $2,365.00.

Crude Oil down on Friday; Brent Crude Oil down 0.98% to $55.45 barrel while U.S. West Texas Intermediate (CLc1) is down 0.10% at $52.36.
In the Cryptocurrency Markets, BTCUSD at 31975.17 up 3.64%, Ethereum at 1177.14 up 5.94%, Litecoin at 137.07 up 5.37%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY:
INTEL Corp. up 6.46% at $62.46, FORD Motor Co. up 6.169% at $11.53, NVIDIA Corp. up 3.754% to $554.7, APPLE Inc. up 3.666% to $136.87, WESTERN DIGITAL up 3.261% to $53.51, UNITED AIRLINES down 5.733% at $42.59.

Economic news:
US: President Joe Biden’s top economic adviser, Brian Deese, plans to meet with a bipartisan group of lawmakers in coming days in an appeal for the administration’s $1.9 trillion Covid-19 relief plan, according to aides familiar with the matter.

Deese, head of the White House National Economic Council, expects to speak with the group in the next week or so, the people said, asking not to be named as the plans aren’t public. Timing of the meeting hasn’t yet been finalized.

Biden’s plan has already run into headwinds. GOP's lawmakers on Tuesday dismissed the argument by Janet Yellen, who’s awaiting Senate confirmation as Treasury secretary, that historically low interest rates mean major deficit spending isn’t a problem right now.

Even moderate GOP senators expressed scepticism about the need for another giant package so soon after the $900 billion spending bill enacted last month. Mitt Romney of Utah and Lisa Murkowski of Alaska, who were key members of a bipartisan group that helped get that last package passed, on Wednesday declined to embrace the new administration’s push

Eurozone: The U.K.’s third coronavirus lockdown looks set to endure as the government warned it’s too early to contemplate easing restrictions.
Prime Minister Boris Johnson and Home Secretary Priti Patel did not repeat previous assurances that the U.K. will be getting back to normal by April, even as the mass vaccination program continued to expand to reach 5 million people.

Instead, they toughened up measures to enforce the current restrictions, amid concerns that too many people are still flouting the rules, making it harder to control the spread of the disease.

New police fines of 800 pounds ($1,097) will be imposed on people caught attending house parties, Patel told a press conference in London. When asked if the public should book summer holidays, she said the advice now is to stay home.

“It’s far too early to say or even speculate when we can lift restrictions,” Patel said. “This country remains in the grip of a pandemic.”

Important Data: Retail Sales (MoM) (Dec) today at 2:00 this time estimated 1.2%, previously which was -3.8%. German Manufacturing PMI (Jan) today at 8:30 this time estimated 57.5, previously which was 58.3. US Crude Oil Inventories today at 11:00 this time estimated -1.167M, previously which was -3.247M. US Existing Home Sales (Dec) today at 10:00 previously which was 6.69M.

TECHNICAL SUMMARY

USDJPY

TRADE SUGGESTION- SELL AT 103.607, TAKE PROFIT AT 103.501 AND STOP AT 103.741
EURUSD

TRADE SUGGESTION- SELL AT 1.21636, TAKE PROFIT AT 1.21412 AND STOP LOSS AT 1.21865
USDMXN

TRADE SUGGESTION- SELL AT 19.81267, TAKE PROFIT AT 19.69150 AND STOP LOSS AT 19.89145
CADCHF

TRADE SUGGESTION- BUY AT 0.69805, TAKE PROFIT AT 0.69936 AND STOP AT 0.69708
FTSE 100

TRADE SUGGESTION- BUY AT 6732.6 TAKE PROFIT AT 6770.4 AND STOP AT 6700
CRUDE OIL

TRADE SUGGESTION- SELL AT 52.48 TAKE PROFIT AT 51.64 AND STOP AT 53.28
GOLD

TRADE SUGGESTION- SELL AT 1861.32, TAKE PROFIT AT 1855.14 AND STOP AT 1872.70
LITECOIN USD

TRADE SUGGESTION- SELL AT 135.52 TAKE PROFIT AT 132.38 AND STOP AT 138.82
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[CapitalStreetFx]

The report presents a summary of all upcoming and recent fundamental events as well as technical analysis for the major markets.
Daily Market Report as on 24th January 2021 ​

Asian shares rose on Monday as concerns over rising COVID-19 cases and delays in vaccine supplies were eclipsed by expectations of a $1.9 trillion fiscal stimulus plan to help revive the U.S. economy. The Shanghai Composite is up to 0.78% at 3,633.86. Overall, the Singapore MSCI down 0.15% at 339.15. Over in Hong Kong, the Hang Seng Index up 1.93% to 30,029. In Japan, the Nikkei 225 up 0.38% at 28,740, while the Topix index is down 0.03% at 1855.0. South Korea’s Kospi up 1.82% to 3197.57. Australia S&P/ASX 200 up 0.24% at 6816.6.

European equities Friday closing. The DAX futures contract in Germany traded 0.24% down at 13873.97, CAC 40 futures down 0.56% at 5559.6 and the UK 100 futures contract in the U.K. down 0.30% at 6,695.1.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed 0.57% down at 30997.0 the S&P 500 down 0.30% to 3841.5 and the Nasdaq 100 up 0.85% at 13478.9, NYSE closes at 14951.84 down 0.45%.

In the Forex market, #GBPUSD up 0.25% at 1.37061. The #USDJPY up 0.04% at 103.744. The #USDCHF up 0.01% at 0.88505. #EURUSD up 0.06% at 1.21783, #EURGBP down 0.04% at 0.88838. The #USDCNY down 0.09% at 6.4752, at the time of writing.

In the #CommodityMarket U.S. #Gold_futures up 0.03% at $1,855.4. Elsewhere, Silver futures up 0.48% to $25.589 per ounce, Platinum down 0.29% at $1099.22 per ounce, and Palladium down 0.34% to $2,354.00.

#CrudeOil mix on Monday; Brent Crude Oil up 0.51% to $55.35 barrel while U.S. West Texas Intermediate (CLc1) is down 0.19% at $52.26.

In the #Cryptocurrency Markets, #BTCUSD at 33356.89 up 3.30%, #Ethereum at 1433.86 up 2.90%, #Litecoin at 145.55 up 3.07%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY:
#TWITTER Inc. up 1.995% at $48.06, #OTIS WORLDWIDE up 2.141% at $64.88, #INTEL Corp. down 9.286% to $56.66, #WESTERN DIGITAL down 5.233% to $50.71, #APPLE Inc. up 1.607% to $139.07, #PAYPAL Holdings up 1.351% at $252.

#Economic news:
US: Officials in President Joe Biden’s administration tried to head off Republican concerns that his $1.9 trillion pandemic relief proposal was too expensive on a Sunday call with Republican and Democratic lawmakers, some of whom pushed for a smaller plan targeting vaccine distribution.

Lawmakers from both parties said they had agreed that getting the COVID-19 vaccine to Americans should be a priority, but some Republicans objected to such a hefty package only a month after Congress passed a $900 billion relief measure.

“It seems premature to be considering a package of this size and scope,” said Republican Senator Susan Collins, who was on the call with Brian Deese, director of the White House’s National Economic Council, and other top Biden aides.

#Eurozone: A group of British members of parliament said on Monday that the Bank of England should stop buying bonds from businesses whose activities accelerate global warming.

Britain’s central bank doubled its holdings of corporate bonds to 20 billion pounds ($27 billion) last year as part of efforts to support the economy through the coronavirus pandemic.

The House of Commons’ Environmental Audit Committee – which looks at public bodies’ impact on global warming – said buying bonds from firms such as energy companies with high carbon emissions contravened government goals to reduce global warming.

“The Bank must begin a process of aligning its corporate bond purchasing program with Paris Agreement goals as a matter of urgency,” the committee’s chairman, Philip Dunne, wrote in a letter to BOE Governor Andrew Bailey.

Important Data: German IFO Business Climate Index (Jan) today at 4:00 this time estimated 91.8, previously which was 92.1. RUSSIA Industrial Production (YoY) (Dec) today at 11:00 this time estimated -3.0%, previously which was -2.6%. German Current Assessment (Jan) today at 4:00 this time estimated 90.6, previously which was 91.3. US 6-Month Bill Auction today at 11:30 previously which was at 0.095%.

TECHNICAL SUMMARY
#GBPUSD

TRADE SUGGESTION- BUY AT 1.37055, TAKE PROFIT AT 1.37569 AND STOP AT 1.36196
#EURGBP

TRADE SUGGESTION- SELL AT 0.88789, TAKE PROFIT AT 0.88630 AND STOP LOSS AT 0.88960
#EURJPY

TRADE SUGGESTION- BUY AT 126.315, TAKE PROFIT AT 126.496 AND STOP LOSS AT 126.198
#USDSEK

TRADE SUGGESTION- SELL AT 8.28719, TAKE PROFIT AT 8.27283 AND STOP AT 8.30350
DOW JONES

TRADE SUGGESTION- BUY AT 30989 TAKE PROFIT AT 31100 AND STOP AT 30830
#SILVER

TRADE SUGGESTION- SELL AT 25.479 TAKE PROFIT AT 25.231 AND STOP AT 25.775
#GOLD

TRADE SUGGESTION- SELL AT 1850.60, TAKE PROFIT AT 1836.08 AND STOP AT 1862.81
#BTCUSD

TRADE SUGGESTION- BUY AT 33281 TAKE PROFIT AT 33795 AND STOP AT 32810

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[CapitalStreetFx]

Top 5 Market News of the day that Can't be missed
#24thJanuary2021
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[CapitalStreetFx]

What has changed for the Market while you were sleeping?
Market Report as on 8th March 2021
Checkout our Daily market Report to keep yourself a step ahead of the market so that you can cash to potential Market moves.​

Asia Pacific stocks were mostly down Monday morning, even as optimism over the U.S.’ $1.9 trillion stimulus package and hopes for a global economic recovery from COVID-19 grew. The Shanghai Composite is down 1.32% at 3,455.54. Overall, the Singapore MSCI up 0.88% at 348.75. Over in Hong Kong, the Hang Seng Index down 0.84% to 28,648. In Japan, the Nikkei 225 down 0.17% at 28,700, while the Topix index is down 0.08% at 1889.5. South Korea’s Kospi down 0.98% to 2996.91. Australia S&P/ASX 200 up 0.43% at 6739.6.

European equities Friday closing. The DAX futures contract in Germany traded 0.97% down at 13920.69, CAC 40 futures down 0.82% at 5782.7 and the UK 100 futures contract in the U.K. down 0.31% at 6,630.5.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed 1.85% up at 31496.3 the S&P 500 up 1.95% to 3841.9 and the Nasdaq 100 down 0.79% at 12555.3, NYSE closes at 15251.83 up 1.95%.

In the Forex market, GBPUSD up 0.01% at 1.38321. The USDJPY up 0.03% at 108.394. The USDCHF up 0.18% at 0.93172. EURUSD up 0.03% at 1.19113, EUR/GBP up 0.07% at 0.86111. The USD/CNY up 0.17% at 6.5054, at the time of writing.

In the commodity market U.S. Gold futures up 0.50% at $1,706.92. Elsewhere, Silver futures up 1.43% to $25.596 per ounce, Platinum up 0.66% at $1137.89 per ounce, and Palladium up 0.64% to $2,356.50.

Crude Oil up on Monday; Brent Crude Oil up 1.94% to $70.90 barrel while U.S. West Texas Intermediate (CLc1) is up 2.67% at $65.79.

In the Cryptocurrency Markets, BTCUSD at 50613.71 down 0.69%, Ethereum at 1740.30 up 0.75%, Litecoin at 190.12 down 0.26%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY:

GAP Inc. up 7.604% at $27.31, ORACLE Corp. up 6.645% at $69.97, CARNIVAL Corp. down 4.781% to $26.09, TESLA Inc. down 3.78% to $597.95, MICRON Tech. Up 5.455% to $88.93, MODERNA Inc. down 0.083% at $132.19.

Economic news:

US: President Joe Biden said on Saturday that Senate passage of his $1.9 trillion coronavirus aid bill means that $1,400 payments to most Americans will start to go out this month and the bill’s provisions will speed up manufacturing and distribution of vaccines.

Biden, speaking at the White House after the American Rescue Plan bill passed the Senate on a party-line 50-49 vote, said that over 85% of American households will receive payments, with a couple with two children making $100,000 annually receiving about $5,600.

Eurozone: Italian Prime Minister Mario Draghi’s government is facing criticism for hiring consulting giant McKinsey to help it rewrite plans for spending the European Union funds aimed at rebuilding the economy.

The government said on Saturday it had signed a 25,000-euro ($30,000) contract with McKinsey to look at the issue. It did not give details of how much work the firm would do, but the sum is very small by the standards of consulting firm costs.

An Italian official told Reuters that McKinsey was willing to work pro bono, but the government insisted that they have at least expenses paid.
A representative for McKinsey had no comments.

Draghi, a former president of the European Central Bank with no political affiliation, took office last month after the collapse of the previous coalition. A first priority is to redraft Italy’s Recovery Plan, which must be handed to the European Commission by April to tap more than 200 billion euros of EU funds and revive the pandemic-hit economy.

Important Data: German Industrial Production (MoM) (Jan) today at 2:30 this time estimated 0.2%, previously which was 0.0%. JAPAN Household Spending (YoY) today at 18:30 previously which was -0.6%. JAPAN GDP (QoQ) (Q4) today at 18:50 this time estimated 3.0%, previously which was 3%. UK BRC Retail Sales Monitor (YoY) (Feb) today at 19:30 previously which was 7.1%.

TECHNICAL SUMMARY

GBPJPY

TRADE SUGGESTION- BUY AT 149.837, TAKE PROFIT AT 150.068 AND STOP LOSS AT 149.655

EURUSD

TRADE SUGGESTION- SELL AT 1.19001, TAKE PROFIT AT 1.18622 AND STOP LOSS AT 1.19469

CHFJPY

TRADE SUGGESTION- SELL AT 116.265, TAKE PROFIT AT 116.107 AND STOP LOSS AT 116.534

NZDUSD

TRADE SUGGESTION- SELL AT 0.71563, TAKE PROFIT AT 0.71342 AND STOP LOSS AT 0.71772

NASDAQ 100

TRADE SUGGESTION- SELL AT 12525 TAKE PROFIT AT 12440.11 AND STOP LOSS AT 12649.56

WTI CRUDE OIL

TRADE SUGGESTION- BUY AT 67.28 TAKE PROFIT AT 68.60 AND STOP LOSS AT 65.58

GOLD

TRADE SUGGESTION- SELL AT 1701.37, TAKE PROFIT AT 1695.97 AND STOP AT 1715.76

ETHEREUM

TRADE SUGGESTION- BUY AT 1712.30 TAKE PROFIT AT 1749.17 AND STOP AT 1684.50

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