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Re: Signals by Capital Street FX

Postby CSFX.Support » Tue Jun 06, 2017 5:10 pm

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Daily Report on June 06, 2017



Asian stocks retreated following a drop in U.S. equities overnight. At the close in NYSE, all three major U.S. stock benchmarks lost at least 0.1 percent on the back of downbeat economic data and a slump in Apple shares following a rare downgrade. MSCI's broadest index of Asia-Pacific shares outside Japan shed 0.2 percent in early trade, retreating from a two-year high hit on Monday.

Weighed down by a strong Yen which soared 0.5 percent versus its American counterpart, Japan’s Topix index fell 0.6 percent while Japan's Nikkei 225 dropped 0.4 percent. Australia’s S&P/ASX 200 Index dropped 0.8 percent. By contrast, Hong Kong’s Hang Seng Index rose 0.2 percent and the Shanghai Composite Index added 0.1 percent.

South Korea is closed for a holiday.

The Australian dollar weakened against most of peers ahead of the latest rate review from the Reserve Bank of Australia. The RBA is scheduled to release its latest interest rate decision later in the day with markets forecasting no changes to the central bank’s record low interest rate of 1.50%. Data on Australia’s current account will also be published. Analysts expect a surplus of A$100 million for the first quarter.

Crude oil prices extended their downward rally to a third day in a row on Tuesday, hit by concerns over a political tension between Qater and several Arab states. Accusing Qatar of supporting for Islamist militants and Iran, Saudi Arabia, Egypt, the United Arab Emirates and some other Arab countries cut ties with Qatar. The action may weaken an agreement to hold back production in an attempt to prop up prices.



Technicals

EURJPY


EURJPY has been on a downtrend since it reversed lower from a significant resistance at 50.0% Fibonacci level. The sharp down moves brought the price action below two MAs, indicating a strong bearish momentum in the market. While the RSI index is heading lower, the ADX index is edging higher with a widening gap between the –DI and +DI lines, suggesting further downbeat moves.

Trade suggestion

Sell Stop at 123.700, Take profit at 123.000, Stop loss at 124.000



GBPJPY


GBPJPY retreated after having failed to break out of a dynamic resistance that is the long-term MA50. The pair is on course to retest one-month lows reached on May 31th with a market dominated by the bear. The pair is expected to attempt a firm support at 23.6% Fibonacci level.

Trade suggestion

Sell Stop at 141.800, Take profit at 140.800, Stop loss at 142.300



BRENT


Crude oil futures prices remained weak under downward pressure from two MAs hanging above the price action. The pair is testing a firm support at 49.22 which has restrained the pair from falling lower for the third time since Monday. With RSI remained low and edging-higher ADX, Brent crude price may inch lower to test another support at 48.30.

Trade suggestion

Sell Stop at 49.10, Take profit at 48.30, Stop loss at 49.50



Natural Gas


Natural Gas has fallen below a significant support at 38.2% Fibonacci level and continued to head downwards. The commodity’s price action has been weighed down by the short-term MA20. The RSI index has dropped into an oversold zone, signaling a correction. The price may reverse at the support at 2.900.

Trade suggestion

Sell Stop at 2.960, Take profit at 2.900, Stop loss at 2.990
Benefit from 0 Pips Spreads, 200% Bonus, 1:1000 Leverage, 100% Risk Free
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Re: Signals by Capital Street FX

Postby CSFX.Support » Tue Jun 06, 2017 5:18 pm

U.K. Shares Decline Amidst Rising Concerns Ahead of The U.K. General Election

U.K. shares edged lower for a second session in a row on Tuesday amidst rising concerns ahead of the U.K. general election on Thursday and a strengthening Pound.

U.K. stock benchmark – the FTSE 100 index dropped more than 0.2 percent following a loss of 0.3 percent on Monday. Recent down moves caused the index to retreat further from a fresh record high reached last Friday.

A poll released late Monday by Survation showed the gap between May’s Conservative Party and the opposition Labour tightened to 1 point ahead of Thursday’s election, down from 16 points a month ago.

Additionally, the testimony of former Federal Bureau of Investigation Director James Comey about alleged Russian interference in U.S. affairs also kept investors cautious and diminished the appeal of risky assets. The dollar weakened versus most of its peers ahead of the testimony, indirectly boosted the British Pound higher.

The pound added more than 0.15 percent to touch a high of 1.29495, up from $1.2903 late Monday.

Trade suggestion

Sell Stop at 7500.00, Take profit 7470.00, Stop loss at 7515.00

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Re: Signals by Capital Street FX

Postby CSFX.Support » Tue Jun 06, 2017 5:26 pm

EUR/AUD signal by Capital Street FX

From GMT 9:00 06/06/2017
Till GMT 21:00 06/06/2017

Sell at 1.49800
Take profit at 1.49300
Stop loss at 1.50000
Benefit from 0 Pips Spreads, 200% Bonus, 1:1000 Leverage, 100% Risk Free
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Re: Signals by Capital Street FX

Postby CSFX.Support » Thu Jun 08, 2017 6:31 pm

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Daily Report on June 08, 2017



Asian shares inched lower on Thursday as investors were reluctant to add any big positions in risky assets ahead of key events scheduled to come out later in the day. The MSCI Asia Pacific Index lost more than 0.2 percent, led by declines in stocks of energy producers.

While Hong Kong’s Hang Seng and the Shanghai Composite Index were little changed, South Korea’s Kospi index lost 0.3 percent after North Korea launched a series of short-range missiles early Thursday. Thanks to the dollar's rebound against the yen, Japanese equities advanced. The Topix index rose 0.1 percent while Japan's Nikkei N225 added 0.3 percent.

According to Japan’s Cabinet Office, the economy grew less than the government initially reported for the first quarter. In the three-month period to March, Japan's economy - the world's third largest - expanded at an annualized rate of 1.0 percent, well below the preliminary estimate of 2.2 percent growth.

Australia’s S&P/ASX 200 Index fell 0.1 percent after the Australian Bureau of Statistics on Thursday reported the country’s trade balance to drop to a surplus of $0.56 billion in April from a surplus of $3.1 billion recorded in March. As stated by the data, while imports only shed 1 percent, exports plunged by 8 percent in April, leaving the result well below expectation calling for a surplus of $1.95 billion.

Crude oil futures prices pared losses after having nose-dived more than 5 percent on Wednesday. The sharp down move came after the Energy Information Administration reported an unexpected rise in U.S. crude stockpiles.



Technicals

NZDJPY



NZDJPY has been trading sideways to higher around the 38.2% Fibonacci retracement. The pair has breached last Friday’s high of 79.100 and seems to break out of its currently narrow trading range. With support from rising RSI and ADX index which indicates a strong bullish force in the market, the pair is expected to test a resistance at 79.600.

Trade suggestion

Buy Stop at 79.200, Take profit at 79.600, Stop loss at 79.000



EURJPY


EURJPY failed to break out of a resistance which is the short-term MA20. The pair had to give up its upbeat moves to reverse lower after hitting this stance in early trade. The support at 122.600 is expected to be tested again. This is a strong level which has forced the price to rebound on May 18th and June 07th.

Trade suggestion

Sell Stop at 123.300, Take profit at 122.600, Stop loss at 123.700



GBPUSD


With the support from two MAs that are lingering below the price, GBPUSD has been tracing an uptrend which has brought its price action above a firm resistance at 23.6% Fibonacci level. A strong handle at 1.30400 is within the sight as both RSI and ADX indices are edging higher, indicating a strong bullish momentum.

Trade suggestion

Buy Stop at 1.29800, Take profit at 1.30400, Stop loss at 1.29500



WTI


WTI crude price has fallen into a consolidation following a sharp down move on Wednesday that helped the price break out of a support at 46.70. The commodity fell to another support at 45.80 and is struggling at this level. As can be seen from the price chart, two MAs hanging below the price action are exerting downward pressure on the price, not to mention a low RSI that indicates a dominating bearish market. The price is expected to drop lower to test a significant level at 38.2% Fib.

Trade suggestion

Sell Stop at 45.75, Take profit at 44.80, Stop loss at 46.10



Natural Gas


Natural gas prices failed to cross over a dynamic resistance which is the long-term MA50. The commodity price fell below the 38.2% Fibonacci retracement and also below the short-term MA20, suggesting a reversal into a downtrend. RSI has drifted to as low as 41.02 while the ADX index headed lower, indicating a weakening uptrend. A support at 2.930 is expected to be tested.

Trade suggestion

Sell Stop at 3.000, Take profit at 2.930, Stop loss at 3.030
Benefit from 0 Pips Spreads, 200% Bonus, 1:1000 Leverage, 100% Risk Free
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Re: Signals by Capital Street FX

Postby CSFX.Support » Thu Jun 08, 2017 6:40 pm

Supported by Suspended Operations in Chile’s Mines and China Trade Balance, Copper Soars

Copper futures prices rose for second day in a row on Thursday after upbeat Chinese trade balance and reports that mines in Chile – the world’s biggest copper exporter – have suspended key operations due to heavy rains.

Copper futures for July delivery added more than 0.5 percent after the Customs General Administration of China reported that the country’s overseas shipments accelerated in May compared to that of a year ago.

As stated by the data released on Thursday, China’s exports jumped 8.7 percent in May in dollar terms while imports soared 14.8 percent, bringing the trade balance to $40.81 billion dollars. China’s trade surplus in May widened from April’s $38.05 billion.

In yuan terms, exports climbed 15.5 percent and imports surged 22.1 percent, leaving a trade surplus of 281.6 billion yuan. Thanks to an improvement in global demand, both figures beat expectations. Copper prices increased as a result as the data showed a strong appetite for China’s imports of industrial commodities which helps boost resources prices worldwide.

Meanwhile, Reuters on Wednesday reported that operations in some locations in Chile were halted after the country’s northern area was hit by snowstorms. The harsh weather condition caused Chile’s emergency service Onemi to trigger its highest ‘red alert’ warning and to implement safety protocols in the region of Antofagasta.

BHP Billiton’s Escondida – the world’s biggest copper mine – said all of its operations had been suspended due to heavy snow. Antofagasta PLC and state-owned mining company Codelco also announced interruptions to productions at their mines after heavy rains lashed the high altitude desert region of Antofagasta.


Copper rebounded strongly from a couple of moving averages. The commodity has officially escaped from the previous downtrend which was under downward pressure from two MAs. As can be seen from RSI index chart, the index did not only breach the central line but also surged to as high as 66.37, indicating a strong bullish momentum in the copper market. The commodity price is likely to extend its up moves. A resistance at 2.5930 is within the sight.

Trade suggestion

Buy Stop at 2.5700, Take profit at 2.5930, Stop loss at 2.5600

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Re: Signals by Capital Street FX

Postby CSFX.Support » Fri Jun 09, 2017 6:22 pm

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Daily Report on June 09, 2017



U.K. stocks jumped the most among developed markets while the Sterling slumped against all of its major rivals on Friday after the unexpected election result for Prime Minister Theresa May, which left no single party with a clear claim to power, threw Britain into fresh political turmoil and raised concerns over the future of the country, especially the path of leaving the European Union.

The FTSE 100 Index rallied 1.2 percent, the most since April while the Stoxx Europe 600 Index added 0.3 percent. In Asian session, Japan’s Topix index inched 0.1 percent higher while the Nikkei 225 Stock Average soared 0.5 percent. Singapore’s Straits Times Index also added 0.5 percent while South Korea’s Kospi index surged 0.8 percent.

By contrast, Hong Kong’s Hang Seng index and the Hang Seng China Enterprises Index lost 0.2 percent and 0.6 percent, respectively. The Shanghai Composite added 0.3 percent after data showed China’s producer price gains moderated in May. China’s producer price index was reported to rise 5.5 percent last month from a year earlier, following a rise of 6.4 percent in April. Consumer price index climbed 1.5 percent.

The pound plunged more than 2.2 percent versus the U.S. dollar, tumbling to the lowest level since April 18 on the back of a sharp drop for the ruling Conservative Party and gains for the opposition Labour Party. A hung parliament was officially produced after the Conservatives only won 315 seats out of 650 seats, short of the 326 seats needed for a majority.

With Brexits talks are due to start in less than two weeks, it remains unclear who would form the next government while markets fear that negotiations on leaving the European Union will be delayed.



Technicals

USDCHF


USDCHF has broken out of a significant level at 50.0% Fibonacci retracement after having brought its price action above two MAs. As can be seen from the index chart, RSI index kept on surging, indicating a strengthening uptrend. ADX is also marching higher, signaling further advances.

Trade suggestion

Buy Stop at 0.97200, Take profit at 0.97700, Stop loss at 0.97000



EURAUD

EURAUD is facing a firm support at 1.48300 where it had to reverse higher earlier this week. With RSI at as low as 32.09 and pointing down, the market seems to be dominated by the bearish force. Under downward pressure from two MAs, the pair is expected to breach this stance and test another strong support at 38.2% Fib.

Trade suggestion

Sell Stop at 1.48200, Take profit at 1.47600, Stop loss at 1.48500



WTI


WTI crude prices edged lower on Friday, extending their downward rally to a third day in a row. The commodity remained weak under the pressure from two MAs that are hanging above the price action. While RSI index has fallen into the oversold zone, ADX index is rallying with a widening gap between the –DI and –DI lines, crude price is expected to head lower towards a support at 38.2% Fib.

Trade suggestion

Sell Stop at 45.30, Take profit at 44.30, Stop loss at 45.80



SILVER


Silver reversed lower after hitting a dynamic resistance at the short-term MA20 following a correction on Thursday when the metal price action fell below both MAs. A support at 17.150 is within the sight with both indices confirming the downtrend. While the ADX is heading higher, RSI is sliding to as low as 35.87.

Trade suggestion

Sell Stop at 17.300, Take profit at 17.150, Stop loss at 17.370
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Re: Signals by Capital Street FX

Postby CSFX.Support » Fri Jun 09, 2017 6:28 pm

British Pound Plunges Sharply In The Aftermath of the Shocking Election Vote

Sterling slumped against all of its major rivals on Friday after the unexpected election result for Prime Minister Theresa May, which left no single party with a clear claim to power, threw Britain into fresh political turmoil and raised concerns over the future of the country, especially the path of leaving the European Union.

The pound plunged more than 2.2 percent versus the U.S. dollar, tumbling to the lowest level since April 18 on the back of a sharp drop for the ruling Conservative Party and gains for the opposition Labour Party.

A hung parliament was officially produced after the Conservatives only won 315 seats out of 650 seats, short of the 326 seats needed for a majority. Opposition Labour snapped up 261 seats, followed by the Scottish National Party at 35 and the Liberal Democrats at 12 seats.

A hung parliament, where no single party has a majority of seats in the House of Commons, is weighing down the British Pound as the ruling Conservative Party will have no choice but relying on smaller parties to govern if it does not want their legislation to be voted down.

With Brexits talks are due to start in less than two weeks, it remains unclear who would form the next government while markets fear that negotiations on leaving the European Union will be delayed.

Trade suggestion

Sell Stop at 1.27000, Take profit at 1.26400, Stop loss at 1.27300

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Re: Signals by Capital Street FX

Postby CSFX.Support » Fri Jun 09, 2017 6:32 pm

GBP/CHF signal by Capital Street FX

From GMT 06:30 09/06/2017
Till GMT 21:00 09/06/2017

Sell at 1.22900
Take profit at 1.22300
Stop loss at 1.23200
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Re: Signals by Capital Street FX

Postby CSFX.Support » Mon Jun 12, 2017 7:05 pm

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Daily Report on June 12, 2017



Asian shares were mixed on Monday with stocks of technology companies stumbling after Friday’s selloff in U.S. technology equities. Shares of Samsung Electronics Co. led declines, slumping 1.7 percent and sending South Korea’s Kospi down 0.8 percent. Hong Kong’s Hang Seng index and Shanghai Composite index also retreated, dropping 0.6 percent and 0.1 percent, respectively.

While the Nikkei 225 Stock Average shed 0.4 percent, Japan’s Topix rose 0.2 percent. According to Japan Cabinet Office, the country’s core machinery orders fell more than expected in April. The figure dropped 3.1 percent from a month earlier, well above economists’ expectation calling for a decline of 1.3 percent. This was the first drop in three months, adding concerns about the country's fragile economic recovery.

Markets in Australia, Malaysia and the Philippines are closed for public holidays on Monday.

As stated by the credit card firm Visa, British consumers cut their spending for the first time in nearly four years last month. Consumer spending in May was reported to decline by 0.8 percent compared to the same month in 2016. This marked the first year-on-year fall since September 2013. On a monthly basis, sales fell by 1.9 percent.

Crude oil futures rose on Monday after Russia's energy minister Alexander Novak on Sunday said that he the oil market is expected to balance in the first quarter of next year on hope that global inventories will fall to a five-year average.



Technicals

USDCAD


USDCAD reversed lower following a correction as the currency pair has been under downward pressure from two MAs lingering above the price action. The pair is facing a strong support at 1.34400 again after consistently rebounded after hitting this stance. RSI remains under the 50 line while ADX index is soaring, suggesting a strengthening bearish momentum. Further declines are expected.

Trade suggestion

Sell Stop at 1.34400, Take profit at 1.33900, Stop loss at 1.34600



SILVER


Silver has been tracing a downtrend after having failed to cross over a resistance at 50.0% Fibonacci level. The precious metal extended its downward rally to a fourth day in a row, sending the price to the lowest level since June 02nd. RSI has fallen into the oversold zone while ADX index continues to edge higher, indicating a dominating bearish force in the market.

Trade suggestion

Sell Stop at 17.100, Take profit at 16.990, Stop loss at 17.150



COFFEE


Coffee has been trading sideways in a narrow range. The commodity failed to break out of a resistance at 128.50 and has been depressed by both long-term and short-term MAs. RSI retreated from the central line, suggesting a stronger downtrend. The commodity price is expected to trade lower and may test a support at 123.50.

Trade suggestion

Buy Stop at 126.00, Take profit at 123.50, Stop loss at 127.20



Natural Gas


After a gap down at the open, natural gas keeps trading in a narrow range below a significant resistance at 38.2% Fibonacci retracement. The RSI is flat at around 37, showing a bearish-dominated market. The short-term MA20 has crossed over the long-term MA50, signaling further drop in the prices.

Trade suggestion

Sell Stop at 3.000, Take profit at 2.970, Stop loss at 3.015



NASDAQ

Nasdaq index continued to inch lower after having gapped down at the close. The stock benchmark index fell below a support at 5721.00 – which had been a firm resistance in the past. Although RSI index has entered the oversold territory, ADX is marching higher, showing a strengthening force by sellers in the market. A support at 5660.00 is within the sight.

Trade suggestion

Sell Stop at 5710.00, Take profit at 5660.00, Stop loss at 5735.00
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Re: Signals by Capital Street FX

Postby CSFX.Support » Mon Jun 12, 2017 7:10 pm

U.S. Shares Tumble For a Second Day As Tech Stocks Extend Losses

U.S. stock market stumbled on Monday, losing ground for a second straight session as sharp declines in shares of technology companies weighed down overall performance.

While the tech-heavy Nasdaq Composite Index dropped 1.05 percent following a decline of 1.8% on Friday, the S&P 500 index shed more than 0.4 percent with seven out of the benchmark’s 11 sectors trading lower.

The selloff in technology stocks showed no signs of slowdown with shares of the top-five tech leaders which are Facebook, Amazon , Apple, Microsoft and Alphabet all in negative zone. Especially, shares of Apple plunged 3.66 percent after their shares were downgraded for the second time in a week.

The technology sector led losses, down 1.2%, while telecom and energy shares were up 0.9%.

Trade suggestion

Sell Limit at 2425.00, Take profit at 2415.00, Stop loss at 2430.00

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