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Market Outlook by Capital Street FX

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Re: Market Outlook by Capital Street FX

Postby CSFX.Support » Fri Aug 11, 2017 2:11 pm


Daily Report on August 11, 2017



Asian shares tumbled on Friday, extending a global stock sell-off after a U.S. slump overnight. Tensions ramped up between the U.S. and North Korea, causing investors to flee into less risky assets such as the Japanese Yen, gold and U.S. government bonds. Overnight, Wall Street closed sharply lower with the Nasdaq dropping 2.1 percent while the S&P 500 and the Dow Jones Industrial Average pulling back 1.4 percent and 0.9 percent, respectively.

Escalating tension between the U.S. and North Korea continued to dominate sentiment in financial markets after U.S. President Donald Trump on Thursday warned Pyongyang against attacking U.S. Pacific territory of Guam or U.S. allies. Stocks tumbled in Asia with MSCI's broadest index of Asia-Pacific shares outside Japan shedding 0.6 percent in its third session of declines. The stock benchmark index looked set to close the week 1.5% lower.

Equities in Australia and South Korea were also on a decline. While Australia’s S&P/ASX 200 Index fell 1 percent, South Korea’s Kospi index slipped 1.5 percent. The Hang Seng Index in Hong Kong gapped down by 1.5 percent while China’s Shanghai Composite Index also traded lower. Contracts on the S&P 500 Index lost less than 0.1 percent after the underlying index suffered from its steepest slide since May 17 on Thursday.

The Australian dollar slipped versus its American counterpart after RBA governor Philip Lowe on Friday said that interest rates would rise over time, although not for a while given the fact that low wage growth, high debt and energy prices are putting pressure on consumer spending.



Technicals

AUDUSD




The pair AUDUSD extended its downtrend following a period of moving sideways that had caused the price to move around a level at 0.78900. Under downward pressure exerted by two MAs which have been lingering above the price action, the pair is expected to trade lower and is likely to test a support at 0.77850. RSI is pointing downward, confirming the downtrend.

Trade suggestion

Sell Stop at 0.78400, Take profit at 0.77850, Stop loss at 0.78650



NZDUSD


NZDUSD retested a support at 0.72600 after a short correction as recent down moves had sent the market into the oversold zone, as indicated by the RSI index which is at as low as 28.48. As can be seen from the ADX chart, ADX index is edging higher with a widening gap between –DI and +DI lines. With pressure from two MAs, the pair is anticipated to trade as low as the 38.2% Fibonacci retracement.

Trade suggestion

Sell Stop at 0.72500, Take profit at 0.72000, Stop loss at 0.72700



EURJPY



EURJPY continued to inch lower after having fallen from a firm support of 128.600 – the level that has restrained the pair from falling lower since July 13th. While RSI index is heading lower, ADX is on a rise with a widening distance between –DI and +DI lines, signaling further declines for the currency pair.

Trade suggestion

Sell Stop at 128.250, Take profit at 127.800, Stop loss at 128.400



BRENT



Brent crude has been tracing a sharp uptrend after having soared to as high as 53.610 – the highest level since May 25th. The price action has crossed over both the long-term MA50 and the short-term MA20, confirming a reversal into a downtrend. A support at 23.6% Fibonacci retracement is within the sight.

Trade suggestion

Sell Stop at 51.700, Take profit at 50.900, Stop loss at 52.100



FTSE 100


FTSE 100 index on Thursday did not only fell back into a shrinking trading range which connects lower highs and higher lows but also breach out of this range from above. The stock benchmark index is posed to trade lower with a support at 7305.00 within the sight. While RSI index is heading lower, ADX is rising with a widening gap between –DI and +DI lines, signaling further down moves.

Trade suggestion

Sell Stop at 7345.00, Take profit at 7305.00, Stop loss at 7365.00



S&P 500 Index



SP500 fell sharply on Thursday and looked set to extend its down moves in the last trading session of the week. While the RSI index has jumped into the oversold zone, ADX index continued to move higher. The index is anticipated to attempt a firm support at 2420.00.

Trade suggestion

Sell Stop at 2434.00, Take profit at 2420.00, Stop loss at 2340.00



*********************************************

Yen Soars to Two-month Highs versus Dollar As U.S.- North Korea Tensions Escalate


Asian shares tumbled on Friday, extending a global stock sell-off after a U.S. slump overnight. Tensions ramped up between the U.S. and North Korea, causing investors to flee into less risky assets such as the Japanese Yen.

The Yen gained ground versus the U.S. dollar on Friday, sending the pair USDJPY lower for a fourth session in a row. Overnight, Wall Street closed sharply lower with the Nasdaq dropping 2.1 percent while the S&P 500 and the Dow Jones Industrial Average pulling back 1.4 percent and 0.9 percent, respectively.

Escalating tension between the U.S. and North Korea continued to dominate sentiment in financial markets after U.S. President Donald Trump on Thursday warned Pyongyang against attacking U.S. Pacific territory of Guam or U.S. allies. Earlier this week, North Korea announced that it is “carefully examining” plans for firing a ballistic missile toward Guam.

Stocks tumbled in Asia with MSCI’s broadest index of Asia-Pacific shares outside Japan shedding 0.6 percent in its third session of declines. The stock benchmark index looked set to close the week 1.5% lower. Investors headed for havens like Yen in times of geopolitical tension as Japan is the world’s biggest creditor nation and it has big current account surpluses.

The pair USDJPY lost 0.12 percent to trade at 109.07 yen – the lowest level since June 14th – in the first half of Asian trading session.

Trade suggestion

Sell Stop at 109.000, Take profit at 108.600, Stop loss at 109.200

Start Trading Forex, Indices, Commodities And Hundreds of Other Markets With Capital Street FX Now!

***********************************************

AUD/JPY


From GMT 09:00 11/08/2017
Till GMT 21:00 11/08/2017

Sell at 85.500
Take profit at 85.000
Stop loss at 85.700
Benefit from 0 Pips Spreads, 200% Bonus, 1:1000 Leverage, 100% Risk Free
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CSFX.Support
 
Posts: 2146
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Re: Market Outlook by Capital Street FX

Postby CSFX.Support » Mon Aug 14, 2017 6:31 pm


Daily Report on August 14, 2017



Tracing upbeat sentiments on Wall Street as U.S. closed the week higher last Friday, Asian shares reversed losses on Monday following three losing sessions in a row. MSCI's broadest index of Asia-Pacific shares outside Japan jumped 0.7 percent after having fallen for three straight days previously due to escalating tensions between the United States and North Korea. Australian stocks also advanced, adding 0.5 percent.

While South Korea's KOSPI index rose 0.4 percent, Hong Kong's Hang Seng index climbed 0.8 percent and Shanghai Composite index edged 0.2 percent higher. By contrast, Japanese equities bucked the trend on the back of a stronger yen. Japan's Nikkei and Japan’s Topix index both fell around 1 percent. Futures on the S&P 500 Index added 0.3 percent after the underlying gauge lost 1.4 percent last week.

According to data released by the National Bureau of Statistics, China's factory output slowed more than expected in July. On a yearly basis, factory output was reported to rise 6.4 percent last month - the slowest pace since January. The reading decreased from 7.6 percent recorded in June and missed forecast calling for a rate of 7.2 percent in July. China’s fixed-asset investment expanded 8.3 percent in the first seven months amidst expectations calling for growth of 8.6 percent.

Earlier on Monday, Statistics New Zealand published a report that indicated the country’s retail sales rose better than expected in the second quarter. As stated by the report, New Zealand reported retail sales jumped 2.0% in the second quarter compared to a three-month period to March. The figure far exceeded a 0.7% rise expected by economists.



Technicals

USDJPY



USDJPY has been on a steady rise with recent upbeat moves sending the pair’s price action above both short-term MA20 and long-term MA50. Both ADX index and RSI index are edging higher with a widening distance between the +DI and –DI lines. The currency pair is anticipated to advance further. A resistance at 110.100 is within the sight.

Trade suggestion

Buy Stop at 109.600, Take profit at 110.100, Stop loss at 109.350



AUDUSD



AUDUSD reversed lower after having failed to cross over a dynamic resistance at the long-term MA50. The pair also fell below a support at 0.78900 and sent the price into the negative zone, as indicated by the RSI index that had inched to as low as 44.24. With downward pressure exerted by two MAs that are hanging above the price action, the pair is expected to test a support at 0.78100.

Trade suggestion

Sell Stop at 0.78700, Take profit at 0.78100, Stop loss at 0.79000



USDCAD



The currency pair USDCAD bounced back from a support at 1.26700 and is trading higher in an attempt to test a resistance at 1.27500. Recent up moves keeps the RSI index in the positive territory while sending the price action above the short-term MA20, indicating a strengthening bullish momentum in the market.

Trade suggestion

Buy Stop at 1.27100, Take profit at 1.27500, Stop loss at 1.26900



GOLD




Gold extended its down moves after having failed to bring its price action above a couple of MAs. The precious metal’s price eventually fell below the long-term MA50 and is heading lower towards a support at 1275.00. While RSI index is tumbling, ADX index is on a rise with a widening distance between the –DI and +DI lines.

Trade suggestion

Sell Stop at 1281.00, Take profit at 1275.00, Stop loss at 1284.00



COPPER


Copper has been tracing a downtrend after reversing lower from a resistance at 2.9160. The price action has penetrated a couple of MAs from above, confirming the downtrend. While RSI index continues to point downwards, ADX index is ticking higher, signaling further advances for the commodity’s prices.

Trade suggestion

Sell Stop at 2.8900, Take profit at 2.8700, Stop loss at 2.9000



DOW JONES 30




U.S. Dow Jones 30 Index has been tracing an uptrend with support from two moving averages. The price action has crossed over the long-term MA50 from below, which confirmed the uptrend. Further upbeat moves are expected as the RSI index is soaring while ADX index, which is also on a rise, is witnessing a widening gap between +DI and –DI lines.

Trade suggestion

Buy Stop at 21945.00, Take profit at 22050.00, Stop loss at 21900.00

***********************************************

North Korea Tensions Ease, S&P500 Index Jumps Most Since Late-June


U.S. shares advanced on Monday, recovering from last week’s sharp losses caused by tensions between the U.S. and North Korea. While the Dow Jones Industrial Average jumped more than 0.7 percent, the Nasdaq Composite Index soared more than 1.2 percent.

Tensions over North Korea eased thanks to comments from U.S. Secretary of Defense Jim Mattis and Secretary of State Rex Tillerson that showed Trump administration was seeking diplomatic solutions to achieve the “irreversible denuclearization” of North Korea.

The S&P 500 index also climbed more than 1 percent on Monday, supported by technology and financial shares. All of the S&P 500 index’s primary sectors gaining on the day, helping the stock gauge recover from the biggest one-week percentage drop of 1.4% last week since March.

The index also looked set to record the biggest one-day percentage rise since June 28th. Topping the market, technology sector jumped 1.4% while financial sector advanced 1.48%.

Trade suggestion

Buy Stop at 2465.00, Take profit at 2475.00, Stop loss at 2460.00

Start Trading Forex, Indices, Commodities And Hundreds of Other Markets With Capital Street FX Now!

******************************************************

Global Shares and Dollar Strengthen As Geopolitical Concerns Ease, Gold Ticks Down


Gold futures price edged lower on Monday as global shares and U.S. dollar advanced, recovering from last week’s sharp losses caused by tensions between the U.S. and North Korea. Tracing upbeat moves of Asian shares, European stocks and U.S. equity futures rose, driving market appetite away from safe-havens to more risky assets.

The Stoxx Europe 600 index jumped nearly 0.9 percent, partly paring a loss of 2.7% it suffered last week. The pan-European benchmark looked set to close higher for the first time following three days of declines in a row which sent the index to the lowest level since late February last Friday.

While Germany’s DAX 30 index DAX soared more than 1.10% to trade at 12,145.54, France’s CAC 40 index added +0.95% and the U.K.’s FTSE 100 index climbed 0.59%. Tensions over North Korea eased thanks to comments from U.S. Secretary of Defense Jim Mattis and Secretary of State Rex Tillerson that showed Trump administration was seeking diplomatic solutions to achieve the “irreversible denuclearization” of North Korea.

Gold futures for September delivery lost nearly 0.7 percent to trade at $1280.00 an ounce also because the greenback strengthened. The U.S. Dollar Index which measures the currency against a half-dozen rivals, jumped 0.28 percent to 93.34. The precious metal had risen to its highest since June 6 at $1,298.10 in the prior session.

Trade suggestion

Sell Stop at 1280.00, Take profit at 1275.00, Stop loss at 1282.00

Start Trading Forex, Indices, Commodities And Hundreds of Other Markets With Capital Street FX Now!

**************************************************************

USD/CHF


From GMT 04:30 14/08/2017
Till GMT 21:00 14/08/2017

Buy at 0.96500
Take profit at 0.96900
Stop loss at 0.96300
Benefit from 0 Pips Spreads, 200% Bonus, 1:1000 Leverage, 100% Risk Free
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CSFX.Support
 
Posts: 2146
Joined: Mon Aug 29, 2016 11:16 am

Re: Market Outlook by Capital Street FX

Postby CSFX.Support » Tue Aug 15, 2017 5:45 pm


Daily Report on August 15th, 2017




Japanese Yen extended losses versus its American counterpart to a third consecutive trading session on Tuesday as global shares continued to advance, sapping investors’ appetite for safe-haven assets like the Yen. As the prospect of war between the U.S. and North Korea receded, Asian shares traded higher, tracing gains on Wall Street overnight.

MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.5 percent while Japan’s Topix index surged 1.2 percent. Stock indexes from Hong Kong to Sydney were also on a rise with Hong Kong’s Hang Seng index adding 0.4 percent and Australia’s S&P/ASX 200 Index gaining 0.7 percent. The Shanghai Composite Index also traded higher, climbing 0.6 percent.

Futures on the S&P 500 advanced by 0.3 percent in Asian morning session after the underlying gauge closed 1 percent higher on Monday. A report from Korean Central News Agency (KCNA) on Tuesday showed that Kim Jong Un praised the military for drawing up a “careful plan” to fire missiles toward Guam but also decided not to launch a threatened missile attack on Guam, saying that saying he would watch the U.S.’s conduct “a little more.”

Crude oil prices remained weak on Tuesday following a decline of 2.5 percent in the previous session. Official data released on Monday showed that in July Chinese oil refineries operated at their lowest daily rates since September 2016. As the world's second-largest oil user, China’s demand concerns weighed down crude prices.



Technicals

AUDUSD



As can be seen from the price chart, the currency pair AUDUSD has been under downward pressure from two MAs that are hanging above the price action. With the RSI index heading downward while ADX index edging higher, not to mention a widening gap between –DI and +DI lines, the pair is expected to trade lower and test a support at 0.77800.

Trade suggestion

Sell Stop at 0.78300, Take profit at 0.77800, Stop loss at 0.78500



USDCAD




The pair USDCAD retested a firm resistance at 1.27500 after having failed to surpass this level last Friday. Two moving averages are lingering below the price action, supporting the pair to inch higher. Both RSI and ADX indices are advancing, whereas, the distance between +DI and –DI lines is widening, confirming the uptrend.

Trade suggestion

Buy Stop at 1.27500, Take profit at 1.27900, Stop loss at 1.27300



CHFJPY



CHFJPY rebounded from a strong support at as low as 112.650. Recent up moves did not only send the price action above a couple of MAs but also helped the pair to cross over a firm resistance at 113.900. Both the RSI and ADX indices are edging higher while the gap between +DI and –DI lines are widening, the pair is expected to trade higher.

Trade suggestion

Buy Stop at 113.600, Take profit at 114.100, Stop loss at 113.400



GBPUSD




As can be seen from the chart, the pair GBPUSD has been depressed by two MAs that are hanging above the price action. The pair is testing a significant level at 23.6% Fibonacci level and looks set to break out of this level to test a support at 1.28500. RSI has fallen into the oversold zone, while ADX index is on a strong rise, signaling further declines.

Trade suggestion

Sell Stop at 1.29100, Take profit at 1.28500, Stop loss at 1.29400



WTI




U.S. crude oil price resumed the downtrend after a short correction. The commodity has been under downward pressure from two MAs hanging above the price after having failed to cross over these two dynamic resistances. A support at 46.700 is within the sight as RSI and ADX indices are signaling further declines.

Trade suggestion

Sell Stop at 47.400, Take profit at 46.700, Stop loss at 47.700



Natural Gas



Natural Gas fell below the short-term MA20 after being supported by this moving average for a while. Both RSI and ADX indices are heading lower, which indicates a weakening bullish force in the market. The commodity is anticipated to retreat in an attempt to test a support at 2.8950.

Trade suggestion

Sell Stop at 2.9400, Take profit at 2.8950, Stop loss at 2.9600



********************************************

Global Shares Advance, Diverting Flows Away From Haven Assets, Yen Inches Lower


Japanese Yen extended losses versus its American counterpart to a third consecutive trading session on Tuesday as global shares continued to advance, sapping investors’ appetite for safe-haven assets like the Yen.

The currency pair USDJPY surged more than 0.5 percent on Tuesday to 110.19 yen per dollar following a rise of 0.4 percent on Monday. As the prospect of war between the U.S. and North Korea receded, Asian shares traded higher, tracing gains on Wall Street overnight.

MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.5 percent while Japan’s Topix index surged 1.2 percent. Stock indexes from Hong Kong to Sydney were also on a rise with Hong Kong’s Hang Seng index adding 0.4 percent and Australia’s S&P/ASX 200 Index gaining 0.7 percent.

A report from Korean Central News Agency (KCNA) on Tuesday showed that Kim Jong Un praised the military for drawing up a “careful plan” to fire missiles toward Guam but also decided not to launch a threatened missile attack on Guam, saying that saying he would watch the U.S.’s conduct “a little more.”

Futures on the S&P 500 advanced by 0.3 percent in Asian morning session after the underlying gauge closed 1 percent higher on Monday.

Trade suggestion

Buy Stop at 110.250, Take profit at 110.900, Stop loss at 110.000

Start Trading Forex, Indices, Commodities And Hundreds of Other Markets With Capital Street FX Now!

**********************************************

British Pound Declines Further After U.S. July Retail Sales Data Smash Expectations

British Pound tumbled against its American counterpart on Tuesday after U.K. inflation came in softer than expected while U.S. retail sales data beat expectations.

The currency pair GBPUSD dropped nearly 0.89% to plunge to $1.28500 – the lowest level since July 12th. The Office for National Statistics reported that British inflation remained unchanged at 2.6% in July which missed analysts’ expectation calling for a 2.7% reading. Inflation had risen to a four-year high of 2.9% in May but cooled to a rate of 2.6% in the next two months.

Meanwhile, U.S. Census Bureau released July data that showed retail sales rise 0.6% on the month, compared with 0.4% expected. Core retail sales were reported to advance by 0.5% on a monthly basis, also topping forecast for a rise of 0.3%.

Trade suggestion

Sell Stop at 1.28450, Take profit at 1.28000, Stop loss at 1.28650

Start Trading Forex, Indices, Commodities And Hundreds of Other Markets With Capital Street FX Now!

*************************************************

GBP/JPY


From GMT 11:30 15/08/2017
Till GMT 21:00 15/08/2017

Sell at 142.000
Take profit at 141.400
Stop loss at 142.300
Benefit from 0 Pips Spreads, 200% Bonus, 1:1000 Leverage, 100% Risk Free
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CSFX.Support
 
Posts: 2146
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Re: Market Outlook by Capital Street FX

Postby CSFX.Support » Wed Aug 16, 2017 6:32 pm

Daily Report on August 16, 2017



Asian shares were mixed on Wednesday, struggling for direction while European stocks opened higher. In Japan, the Nikkei Stock Average index edged 0.12 percent lower while Topix index was little changed. Futures on the S&P 500 Index were little changed on Wednesday after the underlying gauge closed down 0.1 percent on Tuesday. The Nasdaq Composite also dropped 0.1 percent but the Dow Jones Industrial Average closed higher.

South Korean shares, however, climbed 0.5 percent as traders returned from a public holiday. South Korean President Moon Jae-in on Tuesday called for renewed talks with the North, saying that the U.S. would need Seoul’s consent for any military action on the Korean Peninsula. His comments helped ease tensions which had caused a global share sell-off last week.

Australia’s S&P/ASX 200 reversed higher, adding nearly 0.5% after having retreated 0.1 percent. Leading losses and weighing down the overall performance, Singapore’s Straits Times Index fell as much as 1.1 percent on Wednesday due to the fact that banks and interest-rate sensitive stocks tumbled. The Hang Seng Index jumped 0.6 percent in Hong Kong, whereas, the Shanghai Composite Index inched 0.2 percent lower.

Crude oil futures price advanced on Wednesday after the American Petroleum Institute (API) on Tuesday reported U.S. inventories dropped by 9.16 million barrels at the end of last week. The figure did not only mark an 11th straight drawdown but also topped market expectations calling for a retreat of 3 million barrels. Official data from the Energy Information Administration (EIA) will be released later in the day.



Technicals

USDJPY




USDJPY resumed its uptrend after a period of consolidation around a significant level of 23.6% Fibonacci retracement. While the RSI index has inched to as high as 66.69, the ADX index has been on a strong surge with a widening distance between the +DI and –DI lines. The pair is anticipated to test a resistance at 111.300.

Trade suggestion

Buy Stop at 110.900, Take profit at 111.300, Stop loss at 110.700



GBPAUD



Under downward pressure exerted by two MAs hanging above the price action, the pair is trading lower. While the RSI index has inched to as low as 30.24, the ADX index has been on a strong rise with a widening gap between the +DI line and the –DI line, signaling further declines for the currency pair. GBPAUD is expected to test a support at 1.63000.

Trade suggestion

Sell Stop at 1.63700, Take profit at 1.63000, Stop loss at 1.64000



AUDNZD




AUDNZD retested a strong resistance at 1.08450 – the level which caused the pair to retreat on July 20th and August 10th. With the support from two MAs lingering below the price action, the pair is expected to break out of this resistance to attempt a significant level at 1.09000. Rising ADX and RSI indices confirm further upbeat moves.

Trade suggestion

Buy Stop at 1.08500, Take profit at 1.09000, Stop loss at 1.08300



Natural Gas




Natural Gas has been trading a steady downtrend after its price action penetrated the short-term MA20 from above. A bearish force has been strengthening in the market, as indicated by the RSI index that has dropped to as low as 41.08. The ADX index is inching higher, signaling that the commodity may fall further.

Trade suggestion

Sell Stop at 2.9000, Take profit at 2.8450, Stop loss at 2.9250



DOW JONES 30


U.S. Dow Jones 30 index resumed its uptrend following a short correction. The price action once again penetrated the long-term MA50 from below and retested a high at 22041.00 logged yesterday. RSI continued to head higher, indicating a strengthening bullish momentum in the market. The stock benchmark index is forecast to test a resistance at 22130.00.

Trade suggestion

Buy Stop at 22050.00, Take profit at 22130.00, Stop loss at 22010.00



CAC40



With the support from two MAs that are hanging below the price action, the CAC 40 index looks set to break out of a slopping downward trading range that connects lower highs and higher lows. While the RSI is rising, ADX is also on a rise with a widening gap between +DI and –DI lines, suggesting further up moves for the index.

Trade suggestion

Buy Stop at 5185.00, Take profit at 5220.00, Stop loss at 5165.00

*******************************************

ECB President Mario Draghi Disappoints, EURUSD Extends Losses


The euro lost ground broadly versus its peers on Wednesday after Reuters reported that European Central Bank’s President Mario Draghi would not deliver any new policy messages at the U.S. Federal Reserve’s Jackson Hole conference.

The single currency fell for the third day in a row versus its American counterpart. The pair EURUSD edged 0.32 percent lower to trade at $1.16900.

The report published by Reuters on Wednesday poured cold water on any hopes for the ECB’s Governor to announce plans to scale back its monetary stimulus program at the U.S. Federal Reserve symposium next week. The source reported that Draghi would focus on fostering a dynamic global economy, which is the theme of the conference due to be held on August 25th, and therefore, may keep any policy discussion until the fall.

Trade suggestion

Sell Stop at 1.16800, Take profit at 1.16300, Stop loss at 1.17050

Start Trading Forex, Indices, Commodities And Hundreds of Other Markets With Capital Street FX Now!

****************************************

Crude Oil Futures Trade Lower As Weekly U.S. Production Jumps To Two-year Highs


Crude oil futures reversed lower on Wednesday after the Energy Information Administration reported that domestic production jumped to the highest weekly level in over two years.

U.S. West Texas Intermediate crude for September delivery shed more than 0.5 percent to trade at $47.26 a barrel on the New York Mercantile Exchange. The Energy Information Administration on Wednesday released data that showed supplies of crude oil fell by 8.9 million barrels in the week ended Aug. 11.

The reading did not only remark a seventh-straight weekly decline in U.S. crude supplies but was also more than double than the drop of 3.6 million barrels expected by analysts.

However, the report pointed to a rise of 79,000 barrels a day in total crude-oil production to 9.502 million barrels a day last week. According to EIA figures, that was the highest weekly output figure since mid-July 2015.

Trade suggestion

Sell Stop at 47.25, Take profit at 46.70, Stop loss at 47.50

Start Trading Forex, Indices, Commodities And Hundreds of Other Markets With Capital Street FX Now!

*********************************************

EUR/NZD


From GMT 12:30 16/08/2017
Till GMT 21:00 16/08/2017

Sell at 1.61300
Take profit at 1.60700
Stop loss at 1.61600
Benefit from 0 Pips Spreads, 200% Bonus, 1:1000 Leverage, 100% Risk Free
User avatar
CSFX.Support
 
Posts: 2146
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Re: Market Outlook by Capital Street FX

Postby CSFX.Support » Thu Aug 17, 2017 4:30 pm

Daily Report on August 17, 2017



Asian shares were mixed on Thursday while European equities drifted lower. While Japan’s Nikkei finished down 0.1%, the Stoxx Europe 600 Index and U.K.’s FTSE 100 Index both decreased 0.3 percent. Hong Kong's Hang Seng index was also almost unchanged at 27,400.17. The S&P/ASX 200 was also flat at 5,785.80. Meanwhile, South Korea's Kospi index and Shanghai Composite index added gained 0.5 percent and 0.4 percent, respectively.

The Australian Bureau of Statistics (ABS) on Thursday reported that the country’s unemployment rate fell to 5.6 percent with the creation of nearly 28,000 jobs in July. According to the report, ABS revised up June's unemployment figure to 5.7 percent. Among 27,900 jobs added to the economy last month, part-time jobs added 48,200 while full-time jobs witnessed a fall of 20,300.

Whereas, data released by the Office for National Statistics showed U.K. retail sales grew only modestly in July while the previous month's growth was revised down significantly. ONS latest figures pointed to a rise of 0.3% in sales in July, matching the new June figure which was revised down from the original reading of 0.6%. On a yearly basis, retail sales grew by 1.3%, falling short of expectations for a 1.7% expansion.

The Labor Department on Thursday released data on initial jobless claims that showed the number of Americans who sought unemployment benefits in mid-August fell to the lowest level in six months. As stated by the report, U.S. initial jobless claims declined by 12,000 to 232,000 last week.



Technicals

EURUSD



EURUSD reversed lower after having failed to cross over a pair of MAs that are lingering above the price action. The pair retested a support at 1.16850 and looks set to trade lower as the market has been dominated by sellers. RSI index continued to point to the oversold zone, while ADX index has been on a rise, indicating a strengthening bearish force in the market.

Trade suggestion

Sell Stop at 1.16800, Take profit at 1.16200, Stop loss at 1.17100



EURJPY


EURJPY extended its down ticks to officially break out of a significant support at 61.8% Fibonacci level. The pair has been under downward pressure exerted by two MAs hanging above the price action. While RSI index is pointing downwards, ADX index is on a rise, suggesting further declines. A support at 128.100 is within the sight.

Trade suggestion

Sell Stop at 128.700, Take profit at 128.100, Stop loss at 129.000



S&P500



U.S. SP500 Index extended the downtrend after its price action crossed over a pair of MAs from above. The stock benchmark index retested a support at 2450.00 but is posed to fell below this level as the bearish momentum is becoming strengthened in the market, as indicated by the RSI index that has dropped to as low 37.96.

Trade suggestion

Sell Stop at 2450.00, Take profit at 2434.00, Stop loss at 2458.00



Dow Jones



U.S. Dow Jones 30 index declined after struggling for direction as the price had been supported by a couple of MAs. The price action penetrated these two dynamic supports from above, heading towards a support at 21820.00. The RSI index has fallen to as low as 41.83, confirming the downtrend.

Trade suggestion

Sell Stop at 21940.00, Take profit at 21820.00, Stop loss at 22000.00



******************************************

Wal-Mart Shares Edge Lower As Sam’s Club Sales Fail to Hit Forecasts


Shares of Wal-Mart Stores Inc. dropped more than 2% in pre-market trading on Thursday after the retailing corporation reported second-quarter earnings and sales that topped Street expectations, but Sam’s Club sales fell below expectations.

Wal-Mart shares lost 2.84% to trade at $78.68 per shares after the retailer posted net income of $2.90 billion, or 96 cents per share for the three-month period to July, down from $3.78 billion, or $1.21 per share, for the same period last year.

Revenue was reported to reach $123.4 billion, up from $120.9 billion recorded one year ago and ahead of the $122.8 billion expected by analysts. Same-store sales soared 1.8%, with traffic growing 1.3% for the quarter. Online sales, which added 70 basis points to comparable sales, were said to grow 60 percent, decelerating from the 63-percent growth rate in the previous quarter.

Sam’s Club sales rose to $14.9 billion last quarter from $14.5 billion last year, but failed to reach analysts’ forecast for a rise to $14.8 billion.

Trade suggestion

Sell Stop at 78.65, Take profit at 78.00, Stop loss at 79.00

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******************************************************

Cisco Shares Tick Down After Fiscal Q1 Revenue Downgraded


Shares of Cisco Systems Inc. dropped in after-hours trading on Wednesday after the technology conglomerate forecast another drop in revenue in the next quarter.

Cisco shares plunged by 2.5 percent to trade at $31.53 a share after having closed the regular session up 0.8%. Cisco reported earnings of $2.4 billion, or 48 cents a share, in the fiscal fourth quarter, slightly lower than $2.8 billion, or 56 cents a share, in the year-ago period.

Adjusted for one-time items, the networking company earned $3.1 billion, or 61 cents a share, in line with expectations calling for adjusted earnings of 61 cents a share. Revenue was reported to fall 4% to $12.1 billion in the quarter, from $12.6 billion a year ago.

Cisco anticipates that fiscal first-quarter revenue to fall between 3% and 1% year-over-year, which would send adjusted per-share earnings to the range between 59 cents and 61 cents for the quarter.

Trade suggestion

Sell Stop at 31.50, Take profit at 31.00, Stop loss at 31.70

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************************************************

EUR/CAD


From GMT 09:00 17/08/2017
Till GMT 21:00 17/08/2017

Sell at 1.48100
Take profit at 1.47500
Stop loss at 1.48400
Benefit from 0 Pips Spreads, 200% Bonus, 1:1000 Leverage, 100% Risk Free
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Posts: 2146
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Re: Market Outlook by Capital Street FX

Postby CSFX.Support » Fri Aug 18, 2017 4:12 pm

Daily Report on August 18, 2017



Asian stock investors joined a global retreat from riskier assets on Friday. While doubts about U.S. President Donald Trump's ability to deliver his economic agenda are growing, terrorist attack in Barcelona on Thursday contributed to shake investors’ confidence. At the close in NYSE, the Dow Jones Industrial Average dropped 1.24%, while the S&P 500 index shed 1.54%, and the NASDAQ Composite index lost 1.94%.

Tracing downticks in U.S. stocks on Wall Street in the previous session, the MSCI's broadest index of Asia-Pacific shares outside Japan declined 0.7 percent while Japanese equities, which were dragged down by a strengthening yen, also traded lower. Japan’s Topix index fell 1.1 percent and Japan's Nikkei slid 1 percent, looking set to lose 1.3 percent for the week.

A terror attack on Thursday in Barcelona, which left 13 people dead and more than 100 injured, was a reminder that geopolitical risks remain a threat. The driver was reported to ram a van into pedestrians in the section of Las Ramblas - Barcelona’s most iconic avenue- before jumping out of the van and fleeing the scene. Police in Spain are still hunting the suspected terrorist.

Political turmoil in the U.S. was another caused that created uncertainty for investors to pullback and capitalize on their gains. U.S. President Donald Trump on Thursday did not only decry the removal of pro-slavery Civil War Confederacy monuments in Charlottesville, Virginia, but also unleashed attacks on two Republican U.S. senators, Jeff Flake and Lindsey Graham.

A spate of unfortunate events mounted concerns over Trump’s ability to work with lawmakers in his own party to win passage of his stimulus plans, such as tax cuts and infrastructure spending.



Technicals

GBPAUD



GBPAUD reversed lower after having failed to cross over the short-term MA20. The currency pair is anticipated to retest a firm support at 1.62000 – the level that forced the price to rebound in the previous session. RSI is heading towards the oversold zone, indicating a strengthening bullish momentum in the market.

Trade suggestion

Sell Stop at 1.62700, Take profit at 1.62000, Stop loss at 1.63000



Natural Gas



Natural Gas futures prices retreated after the commodity failed to sustained its bullish momentum. The pair is tracing a couple of MAs to edge lower and has fallen below these two dynamic supports. RSI index is declining, signaling further downticks for the commodity price.

Trade suggestion

Sell Stop at 2.9000, Take profit at 2.8680, Stop loss at 3.9150



SILVER


Having supported by two MAs that are lingering below the price action, silver rebounded higher to retest a two-month high at 17.200 that the precious metal has failed to surpass since August 10th. RSI remained in the positive territory, showing that the market has been dominated by buyers. A resistance at 50.0% Fibonacci retracement is within the sight.

Trade suggestion

Buy Stop at 17.200, Take profit at 17.400, Stop loss at 17.100



CAC 40 Index



France’s CAC 40 index has still been trapped in a slopping downward trading range that connects lower lows and lower highs. The price action once again fell below a significant level at 23.6% Fibonacci level. While RSI index is heading downward, ADX index is on a rise with a widening gap between –DI and +DI lines, suggesting further declines.

Trade suggestion

Sell Stop at 5085.00, Take profit at 5050.00, Stop loss at 5100.00



Dow Jones 30


U.S. Dow Jones 30 tumbled to a three-week low at 21710.00 on Thursday and is posed to trade even lower following a short correction. While the RSI index has plunged into the oversold zone, the ADX index is heading higher, indicating a strengthening bearish force in the market. A support at 21600.00 is expected to be tested.

Trade suggestion

Sell Stop at 21710.00, Take profit at 21600.00, Stop loss at 21760.00


*******************************************

Gold Looks Set to Strike $1,300 Level As Precious Metals Draw Haven Demand


Gold futures prices jumped sharply on Friday, trading at the highest level since early-November 2016 as demand for safe-haven assets increased. A selloff in global equities bolstered the precious metal’s price, helping gold to advance for its third straight trading day.

Gold for September delivery climbed more than 0.7 percent to trade at $1296.40 an ounce – the highest level since November 04th. The precious metal looks set for a weekly gain of about 0.5%.

While doubts about U.S. President Donald Trump’s ability to deliver his economic agenda are growing, terrorist attack in Barcelona on Thursday, which left 13 people dead and more than 100 injured, contributed to shake investors’ confidence.

U.S. President Donald Trump on Thursday did not only decry the removal of pro-slavery Civil War Confederacy monuments in Charlottesville, Virginia, but also unleashed attacks on two Republican U.S. senators, Jeff Flake and Lindsey Graham.

The dollar was hit hard as a spate of unfortunate events mounted concerns over Trump’s ability to work with lawmakers in his own party to win passage of his stimulus plans, such as tax cuts and infrastructure spending. A softer greenback caused purchasing assets priced in the currency such as gold more attractive to buyers holding other currencies.

Trade suggestion

Buy Stop at 1297.00, Take profit at 1305.00, Stop loss at 1293.00

Start Trading Forex, Indices, Commodities And Hundreds of Other Markets With Capital Street FX Now!

********************************************

Japanese Yen Extends Gains Versus Dollar Due to Global Share Sell-off


Japanese Yen extended its upbeat moves versus the dollar for the third day in a row as Asian stock investors joined a global retreat from riskier assets on Friday. While doubts about U.S. President Donald Trump’s ability to deliver his economic agenda are growing, terrorist attack in Barcelona on Thursday contributed to shake investors’ confidence.

The currency pair USDJPY lost more than 0.2 percent on Friday following a drop of 0.6 percent on Thursday, looking set to pair earlier weekly gains. Tracing downticks in U.S. stocks on Wall Street in the previous session, the MSCI Asia Pacific Index declined 0.7 percent while Japanese equities, which were dragged down by a strengthening yen, also traded lower. Japan’s Topix index fell 1.1 percent.

A terror attack on Thursday in Barcelona, which left 13 people dead and more than 100 injured, was a reminder that geopolitical risks remain a threat. The driver was reported to ram a van into pedestrians in the section of Las Ramblas – Barcelona’s most iconic avenue- before jumping out of the van and fleeing the scene. Police in Spain are still hunting the suspected terrorist.

Political turmoil in the U.S. was another caused that created uncertainty for investors to pullback and capitalize on their gains. U.S. President Donald Trump on Thursday did not only decry the removal of pro-slavery Civil War Confederacy monuments in Charlottesville, Virginia, but also unleashed attacks on two Republican U.S. senators, Jeff Flake and Lindsey Graham. A spate of unfortunate events mounted concerns over Trump’s ability to work with lawmakers in his own party to win passage of his stimulus plans, such as tax cuts and infrastructure spending.

Trade suggestion

Sell Stop at 109.300, Take profit at 108.900, Stop loss at 109.500

Start Trading Forex, Indices, Commodities And Hundreds of Other Markets With Capital Street FX Now!

***************************************************

AUD/USD


From GMT 09:00 18/08/2017
Till GMT 21:00 18/08/2017

Buy at 0.79250
Take profit at 0.79650
Stop loss at 0.79050
Benefit from 0 Pips Spreads, 200% Bonus, 1:1000 Leverage, 100% Risk Free
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CSFX.Support
 
Posts: 2146
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Re: Market Outlook by Capital Street FX

Postby CSFX.Support » Mon Aug 21, 2017 6:45 pm

Daily Report on August 21, 2017



Global shares declined in the first trading session of the new week, sending demand for safe-haven assets higher with gold futures prices edging up and moving closer to the $1,300 level on Monday. Asian shares were fragile while European stocks traded lower, as investors’ confidence was sapped by war drills scheduled for the Korean peninsula, not to mention doubts over U.S. President Donald Trump's ability to fulfill his economic agenda.

The MSCI All-Country World Index lost 0.1 percent, heading to the lowest in almost five weeks on a closing basis amidst declines of stock index benchmarks in Tokyo, Seoul and Sydney as well as the euro zone. Japan's Nikkei shed 0.4 percent to trade at a three-and-a-half-month low in spite of the fact that a Reuters poll indicated Japanese manufacturers rose to its highest level in a decade in August.

The MSCI Asia Pacific Index slid 0.1 percent, weighed down by Australia’s S&P/ASX 200 Index that plunged by 0.4 percent and South Korea’s Kospi index that lost 0.1 percent. By contrast, stocks rose in Hong Kong and Shanghai. Hong Kong’s Hang Seng Index jumped 0.4 percent and the Shanghai Composite Index climbed 0.6 percent.

Tracing a weak trading session in Asia, the Stoxx Europe 600 Index fell 0.1 percent, Germany’s DAX Index and the U.K.’s FTSE 100 Index tumbled 0.4 percent and 0.2 percent, respectively. As U.S. and South Korea kicked off annual military exercises, Pyongyang on Sunday warned that the war drills are “reckless behavior driving the situation into the uncontrollable phase of a nuclear war.”



Technicals

EURUSD


EURUSD has been trapped in a slopping downward trading range which connects lower highs and lower lows. However, the price action is testing the upper boundary, looking set to cross over this resistance from below. RSI has risen above the 50 level, indicating a strengthening bullish momentum in the market. A resistance at 1.18300 is within the sight.

Trade suggestion

Buy Stop at 1.17700, Take profit at 1.18300, Stop loss at 1.17400



GOLD


Gold futures prices has been trading sideways below a firm resistance at 1289.00 for a while, sending the ADX index to as low as 15.38, which indicates an unclear trend in the market. The price action has twisted with two moving averages. In the event of breaking out of this resistance and trading higher, the precious metal is expected to test a high at 1295.00.

Trade suggestion

Buy Stop at 1290.00, Take profit at 1295.00, Stop loss at 1288.00



Natural Gas



Natural gas price reversed lower after having surged to as high as 2.9380 – the highest level since August 15th. The price action once again fell below a couple of moving averages and sent the market into the negative territory, as indicated by RSI index that has plunged to as low as 42.90. A support at 23.6% Fibonacci level is expected to be tested.

Trade suggestion

Sell Stop at 2.8750, Take profit at 2.8450, Stop loss at 2.8900



CAC 40



CAC 40 index reversed lower after having failed to sustain its bullish momentum above the 23.6% Fibonacci retracement. Depressed by downward pressure exerted by two MAs hanging above the price action, the stock benchmark index is forecast to trade lower to attempt a support at 5051.00.

Trade suggestion

Buy Stop at 5080.00, Take profit at 5051.00, Stop loss at 5095.00


*******************************************************

Crude Oil Futures Tumble, Producers Meet To Discuss Compliance Levels


Crude oil prices declines on Monday, reversing lower after having closed higher in two previous sessions. The commodity was under pressure due partly to the fact that investors took profit after a sharp jump in price last Friday while a meeting between OPEC and non-OPEC members contributed to providing some downside.

U.S. West Texas Intermediate crude futures dropped nearly 1.9% to trade at $47.26 a barrel on the New York Mercantile Exchange in North American trading session on Monday. The Organization of the Petroleum Exporting Countries (OPEC) was due to hold a technical meeting with non-cartel members in Vienna to discuss compliance levels with the cartel’s production cut deal.

According to the International Energy Agency’s latest monthly report, OPEC compliance with the agreement fell to 75% in July – the lowest level since the beginning of this year. As stated by a recent report from OPEC, the cartel’s crude production increased last month due to an unexpected rise in production in Libya and Nigeria, two member countries were exempt from the compliance deal.

Trade suggestion

Sell Stop at 47.26, Take profit at 46.00, Stop loss at 47.70

Start Trading Forex, Indices, Commodities And Hundreds of Other Markets With Capital Street FX Now!

******************************************************

USD/JPY

From GMT 09:00 21/08/2017
Till GMT 21:00 21/08/2017

Sell at 109.000
Take profit at 108.600
Stop loss at 109.200

*******************************************************

EUR/NZD

From GMT 16:30 21/08/2017
Till GMT 21:00 21/08/2017

Buy at 1.61400
Take profit at 1.61900
Stop loss at 1.61200
Benefit from 0 Pips Spreads, 200% Bonus, 1:1000 Leverage, 100% Risk Free
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Posts: 2146
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Re: Market Outlook by Capital Street FX

Postby CSFX.Support » Tue Aug 22, 2017 5:13 pm


Daily Report on August 22, 2017



Asian shares advanced on Tuesday after U.S. equities halted a two-day slide in the previous trading session. MSCI's broadest index of Asia-Pacific shares outside Japan added 0.3 percent while Japan’s stocks were also on a rise as the Japanese Yen erased Monday’s gains. The currency lost 0.3 percent to 109.27 per dollar. Japan’s Topix index edged 0.2 percent higher.

Despite lingering worries about tensions on the Korean peninsula, South Korean shares gained ground with the Kospi index climbing 0.4 percent. Hong Kong’s Hang Seng Index led gains in Asia, soaring 1 percent as bolstered by strong earnings results. Australian shares added 0.2 percent as did futures on the S&P 500. The underlying gauge inched 0.1 percent higher on Monday.

Following three days of declines European stocks also joined a rally across most Asian equities. The Stoxx Europe 600 Index increased 0.5 percent, rebounding from the lowest in more than a week. The U.K.’s FTSE 100 Index rose 0.6 percent and Germany’s DAX Index also gained 0.6 percent.

Crude oil prices gapped up on Tuesday. U.S. West Texas Intermediate crude jumped 0.3 percent to $47.55 after tumbling 2.4 percent in the previous session, boosted by indications that domestic supply is gradually tightening. Analysts expect U.S. crude inventories to fall for an eighth straight week and drop by 3.4 million barrels last week. Data released by the American Petroleum Institute will be published later in the day while those of U.S. government's Energy Information Administration are due on Wednesday.



Technicals

NZDUSD




NZDUSD rebounded lower after having failed to surpass a strong resistance at 0.73300 – the level that has kept the pair from edging higher since August 11th. The price action fell below a couple of MAs, confirming the downtrend. Meanwhile, the RSI index is heading lower, suggesting further declines for the pair.

Trade suggestion

Sell Stop at 0.72700, Take profit at 0.72200, Stop loss at 0.72900



GBPCHF



As can be easily seen from the chart, the pair GBPCHF has been under downward pressure exerted by two MAs that are hanging above the price action. RSI remained under 50, moving at as low as 40.72, indicating a dominating bear in the market. A support at 1.23500 is within the sight.

Trade suggestion

Sell Stop at 1.24000, Take profit at 1.23500, Stop loss at 1.24200



GBPAUD


GBPAUD has been depressed by the short-term MA20, moving sideways above a firm support at 1.62000 – the level that the pair failed to breach since March 21st. The RSI index is pointing lower and the ADX index is on a rise, indicating a strengthening bearish momentum in the market. A support at 1.61000 is expected to be tested.

Trade suggestion

Sell Stop at 1.62000, Take profit at 1.61000, Stop loss at 1.62500



Natural Gas




Natural Gas resumed its uptrend following a period of moving sideways around the level 2.9650. The price action has been trading above two MAs, indicating a market dominated by buyers. RSI continued to point upwards, signaling further advances for the commodity. A resistance at 3.100 is forecast to be tested.

Trade suggestion

Buy Stop at 2.9700, Take profit at 3.100, Stop loss at 2.9500



WTI




U.S. crude price reversed lower, paring early gains after the commodity failed to breach a resistance at 47.867. The price action once again fell below a couple of MAs while RSI index retreated from the 50 level, suggesting a dominating bearish force in the market. Crude price may attempt a support at 46.500.

Trade suggestion

Sell Stop at 47.400, Take profit at 46.500, Stop loss at 47.800



COPPER



Copper has been tracing an uptrend with support from a couple of moving averages that are lingering below the price action. The price is retesting yesterday’s high at 3.0083 following a short correction. RSI is edging higher, indicating a strengthening bullish momentum in the market. Further advances are anticipated.

Trade suggestion

Buy Stop at 3.0100, Take profit at 3.0300, Stop loss at 3.000

*****************************************

Led By Gains of Miners and A Weak Sterling, U.K. Shares Snap A Three-session Losing Streak


U.K. stocks gapped up on Tuesday, on track to halt a three-session losing streak. Shares of miners led the market as copper hit its highest level since November 2014 while a weak British Pound also contributed to provide some upside.

The stock benchmark index FTSE 100 jumped 0.7% to trade at 7,366.50. All sectors traded higher, led by gains in basic materials group. Copper prices continued to climb on Tuesday amidst expectations of further global economic growth while lower supplies may buoy base metals’ prices.

Copper futures for September delivery added 0.75% to trade at $3.002 a pound on the Comex division of the New York Mercantile Exchange on Tuesday after having advanced 1.4% in the previous session. This marked its highest level since November 2014.

Mining heavyweights BHP Billiton PLC and Antofagasta PLC were among the top performers in the market. Shares of BHP Billiton PLC jumped more than 3 percent while those of Antofagasta PLC even jumped more than 4.8 percent. Both copper miners tripled their interim dividend payment after reporting a sharp rise in half-year earnings.

Sterling tumbled 0.44% versus its American counterpart on Tuesday, sending the pair GBP/USD down to as low as 1.28400. The pound has been under pressure as investors expected that the Bank of England would hold its interest unchanged in the coming months due to concerns over the economic impact from Brexit.

Trade suggestion

Buy Stop at 7370.00, Take profit at 7400.00, Stop loss at 7360.00

Start Trading Forex, Indices, Commodities And Hundreds of Other Markets With Capital Street FX Now!

*****************************************************

S&P 500 Extends Gains, Bolstered by Technology and Materials Companies


U.S. shares advanced on Tuesday with the stock benchmark S&P 500 index climbing a second day. While copper rose to a three-year high that helped materials companies lead the market, the absence of major news from the White House on the tensions between the United States and North Korea helped calm nerves.

The S&P 500 jumped nearly 0.8% to trade at 2443.00, led by a bounce in technology and materials companies. Nine of the 11 primary S&P 500 sectors rose on the day with the biggest gainers were material as copper futures for September delivery added 0.75% to trade at $3.002 a pound on the Comex division of the New York Mercantile Exchange.

The metal advanced 1.4% in the previous session and extended its rally to hit its highest level since November 2014. Technology sector was the second biggest gainer, adding 1.2%.

Trade suggestion

Buy Stop at 2443.00, Take profit at 2460.00, Stop loss at 2435.00

Start Trading Forex, Indices, Commodities And Hundreds of Other Markets With Capital Street FX Now!

**********************************************************

EUR/GBP


From GMT 05:00 22/08/2017
Till GMT 21:00 22/08/2017

Buy at 0.91650
Take profit at 0.92000
Stop loss at 0.91500
Benefit from 0 Pips Spreads, 200% Bonus, 1:1000 Leverage, 100% Risk Free
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Posts: 2146
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Re: Market Outlook by Capital Street FX

Postby CSFX.Support » Wed Aug 23, 2017 6:23 pm

Daily Report on August 23, 2017



Asian shares took a breather on Wednesday after an advance in the previous session. The MSCI Asia Pacific Index rose less than 0.1 percent following a rise of 0.3% on Tuesday while Japan’s Topix index closed 0.3 percent higher. Shares declined in Sydney with Australia’s S&P/ASX 200 Index shedding 0.2 percent. By contrast, South Korea’s Kospi index reversed losses, adding 0.1 percent. Futures on the S&P 500 Index fell 0.2 percent.

Hong Kong’s trading session was canceled on Wednesday after the Typhoon Hato lashed the city with heavy winds and rain. The Hong Kong Observatory had issued signal No. 10 for five hours before lowering the signal to No. 8. Trading in Hong Kong will likely resume on Thursday.

The New Zealand dollar tumbled to a one-and-a-half-month low against its American counterpart on Wednesday after the New Zealand Treasury on Wednesday reduced its economic growth forecast for the year to June to 2.6 percent, a slower pace than the 3.1 percent previously forecast. Treasury predicted gross domestic product grew 3.5 percent in the year to June 2018, down from 3.7 per cent in the May budget update.

Meanwhile, the dollar was flat versus a basket of major currencies after traded higher overnight amidst optimism the U.S. president Donald Trump’s administration is making progress on tax reform. Investors are expected to take cautious trade ahead of an annual gathering of central bankers at Jackson Hole later in the week. Federal Reserve Chair Janet Yellen and European Central Bank President Mario Draghi are due to speak on Friday, though neither is expected to announce new policy messages.



Technicals

EURUSD




EURUSD rebounded higher after hitting a downtrend line – which is the upper boundary of a slopping downward trading range. The currency pair did not only turn this resistance into a support but also sent its price action above a couple of MAs. RSI index has risen to as high as 56.66, signaling further advances for the price.

Trade suggestion

Buy Stop at 1.18000, Take profit at 1.18400, Stop loss at 1.17800



GBPJPY



As can be seen from the chart, the pair GBPJPY has been under downward pressure exerted by two MAs hanging above the price action. The pair retested a support at 139.800 and looks set to break out of this level which had restrained the downtrend last week. RSI index continued to point lower, the pair is expected to test a support at 139.000.

Trade suggestion

Sell Stop at 139.700, Take profit at 139.000, Stop loss at 140.000



USDJPY




USDJPY reversed lower as the pair failed to surpass a dynamic resistance at the long-term MA50. The pair has recently been trapped between a resistance at 109.600 and a support at 108.700. The support is anticipated to be tested again as RSI index which has plunged to as low as 42.80 indicated a strengthening bearish force in the market.

Trade suggestion

Sell Stop at 109.100, Take profit at 108.700, Stop loss at 109.300



GOLD


Gold retested a strong resistance at 1289.00 after shooting its price action above a couple of moving averages. A significant handle at 1295.00 is expected to be tested as the market has been dominated by bullish force. While RSI index is soaring, ADX is also on a rise with a widening gap between +DI and –DI lines.

Trade suggestion

Buy Stop at 1290.00, Take profit at 1295.00, Stop loss at 1288.00

*************************************

New Zealand Dollar Plunges As Treasury Reduces Economic Growth Forecasts


The New Zealand dollar tumbled to a one-and-a-half-month low against its American counterpart on Wednesday after the New Zealand government trimmed its surplus and growth outlook ahead of an election.

The kiwi lost more than 0.7 percent to trade at 0.7225 U.S. cents – the lowest level since July 12th in the wake of the pre-election fiscal update. The New Zealand Treasury on Wednesday reduced its economic growth forecast for the year to June to 2.6 percent, a slower pace than the 3.1 percent previously forecast.

Treasury predicted gross domestic product grew 3.5 percent in the year to June 2018, down from 3.7 per cent in the May budget update.

Meanwhile, the dollar was flat versus a basket of major currencies after traded higher overnight amidst optimism the U.S. president Donald Trump’s administration is making progress on tax reform. Investors are expected to take cautious trade ahead of an annual gathering of central bankers at Jackson Hole which is scheduled to be held later in the week.

Federal Reserve Chair Janet Yellen and European Central Bank President Mario Draghi are due to speak on Friday, although neither is expected to announce new policy messages.

Trade suggestion

Sell Stop at 0.72250, Take profit at 0.71800, Stop loss at 0.72450

Start Trading Forex, Indices, Commodities And Hundreds of Other Markets With Capital Street FX Now!

*************************************************

Crude Oil Prices On A Rise, Canadian Dollar Advances Versus the Greenback


Canadian dollar gained ground versus its U.S. counterpart on Wednesday as crude oil prices turned higher after data from the U.S. Energy Information Administration showed that domestic crude supplies fell in line with expectations last week. Meanwhile, the greenback retreated following the release of disappointing U.S. housing sector data.

The pair USDCAD pared earlier gains to trade at 1.25600 in North American trading session on Wednesday. The commodity currency was supported by the report released by the EIA that said U.S. crude oil inventories fell by 3.33 million barrels in the week ended August 18. The figure was in line with forecast.

Meanwhile, U.S. Commerce Department reported that new single-family home sales unexpectedly fell in July. The reading tumbled 9.4 percent to a seasonally adjusted annual rate of 571,000 units last month – its lowest level December 2016.

Trade suggestion

Sell Stop at 1.25600, Take profit at 1.25250, Stop loss at 1.25750

Start Trading Forex, Indices, Commodities And Hundreds of Other Markets With Capital Street FX Now!

*********************************************************

EUR/NZD


From GMT 12:20 23/08/2017
Till GMT 21:00 23/08/2017

Buy at 1.63500
Take profit at 1.64000
Stop loss at 1.63300
Benefit from 0 Pips Spreads, 200% Bonus, 1:1000 Leverage, 100% Risk Free
User avatar
CSFX.Support
 
Posts: 2146
Joined: Mon Aug 29, 2016 11:16 am

Re: Market Outlook by Capital Street FX

Postby CSFX.Support » Fri Aug 25, 2017 6:16 pm

Yellen Fails to Give Clues on Fed’s Rate Hike Timing, Dollar Tumbles

The U.S. dollar was broadly lower versus its rivals on Friday, especially the Swiss Franc. The currency pair USDCHF dropped to the lowest level in nearly a month after Federal Reserve Chairwoman Janet Yellen did not comment on monetary policy in her remarks at a gathering of central bankers in Jackson Hole, Wyo.

USDCHF plunged more than 0.9 percent to trade at 0.9567 Swiss Franc per dollar – the lowest since July 27th. Fed Chairwoman Janet Yellen delivered a speech on Friday that didn’t offer clues on the central bank’s monetary policy investors hoped for. Instead, she defended post-crisis financial regulation, saying that any rollback of post-crisis financial reforms should be “modest”.

Yellen’s comments bucked speculation that she might strike a hawkish tone on policy and left investors to focus on ECB President Mario Draghi’s talk later.

Trade suggestion

Sell Stop at 1.95650, Take profit at 1.95250, Stop loss at 1.95850

Start Trading Forex, Indices, Commodities And Hundreds of Other Markets With Capital Street FX Now!

*********************************************************

Broadcom Shares Tumble Despite Better-than-expected Earnings and Rosy Q4 Guidance

Shares of Broadcom Ltd. tumbled in extended trading session on Thursday despite the company’s better-than-expected earnings reports for the third quarter.

Broadcom’s shares lost more than 2.5 percent to trade at $248.60 per share in late trading. The Irvine, CA-based wireless chipmaker posted Q3 earnings per share (EPS) of $4.10, topping Wall Street consensus estimate of $4.03.

Net income in the three-month period to July was reported to reach $507 million, or $1.14 a share, on sales of $4.46 billion, up 7% from $4.19 billion in the year-ago quarter. Analysts on average expected the company to report sales of $4.45 billion.

The technology company posted upbeat guidance for the fourth quarter with revenue seen to hit a range from $4.725 billion to $4.875 billion, slightly above consensus for $4.79 billion.

Trade suggestion

Sell Stop at 248.60, Take profit at 245.00, Stop loss at 250.00

Start Trading Forex, Indices, Commodities And Hundreds of Other Markets With Capital Street FX Now!

********************************************************

EUR/AUD


From GMT 11:20 25/08/2017
Till GMT 21:00 25/08/2017

Buy at 1.49450
Take profit at 1.49850
Stop loss at 1.49250
Benefit from 0 Pips Spreads, 200% Bonus, 1:1000 Leverage, 100% Risk Free
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Posts: 2146
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