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Signals by Capital Street FX

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Re: Signals by Capital Street FX

Postby CSFX.Support » Mon Aug 21, 2017 6:46 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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CSFX.Support
 
Posts: 2146
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Re: Signals by Capital Street FX

Postby CSFX.Support » Tue Aug 22, 2017 5:14 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: Signals by Capital Street FX

Postby CSFX.Support » Wed Aug 23, 2017 6:28 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: Signals by Capital Street FX

Postby CSFX.Support » Thu Aug 24, 2017 5:57 pm

Daily Report on August 24, 2017



European shares traded higher after a mixed session for Asian equities on Thursday. The Stoxx Europe 600 Index climbed 0.4 percent while Germany’s DAX Index also increased 0.4 percent. The U.K.’s FTSE 100 Index added 0.33 percent after having closed marginally higher on Wednesday, hitting the highest level in more than a week. Futures on the S&P 500 Index ticked 0.1 percent higher.

By contrast, the MSCI Asia Pacific Index edged lower by 0.1 percent on Thursday, erasing an ealier gain of as much as 0.3 percent. Although Japanese Yen lost ground versus dollar, Japan’s Topix index fell 0.5 percent. Meanwhile, South Korea’s Kospi index and Australia’s S&P/ASX 200 Index increased 0.4 percent and 0.1 percent, respectively. Hong Kong’s Hang Seng Index aslo rose 0.4 percent after the market reopened on Thursday.

Data released by the Office for National Statistics showed U.K. gross domestic product (GDP) expanded by a seasonally adjusted 0.3% in the second quarter following a rise of 0.2 percent in the three-month period to March. The reading was in line with expectations. On a yearly basis, UK economic growth advanced 1.7% in the April to June period.

The Office for National Statistics also published data on business investment that showed no change on a quarterly basis. Analysts had forecast a growth rate of 0.4%, compared to the 0.6% seen in the first quarter. In a separate report, the index of services in the U.K. rose 0.5% after having added 0.4% in the preceding quarter.



Technicals

GBPNZD


Supported by a couple of MAs, the pair GBPNZD edged higher after a period of moving sideways. The pair even broke out of a resistance at 1.77570 and is heading towards a significant level at 50.0% Fibonacci level. RSI index and ADX index are pointing upwards, suggesting further advances for the pair.

Trade suggestion

Buy Stop at 1.77900, Take profit at 1.78900, Stop loss at 1.77400



EURCAD



As can be seen from the price chart, the pair EURCAD has been under pressure from two MAs lingering above the price action. The price breached a firm support at 1.48000 and is heading lower towards a support at 1.47300. While RSI index is jumping, the ADX index is edging higher with a widening distance between –DI and +DI lines, suggesting further declines.

Trade suggestion

Sell Stop at 1.47800, Take profit at 1.47300, Stop loss at 1.48000



USDCAD



USDCAD has been tracing a downtrend, reversing lower after the pair had failed to sustain its bullish momentum above a resistance at 1.25900. The pair has been under pressure exerted by two MAs and looks set to attempt a support at 1.24900. RSI index is inching lower, indicating a strengthening bullish force in the market.

Trade suggestion

Sell Stop at 1.25300, Take profit at 1.24900, Stop loss at 1.25500



Natural Gas



Natural gas prices resumed its uptrend following a period of consolidation. As can be seen from the price chart, higher lows are formed, indicating a strengthening bullish force in the market. RSI index is edging higher, confirming the signal for further advances. A resistance at 3.000 is within the sight.

Trade suggestion

Buy Stop at 2.9500, Take profit at 3.000, Stop loss at 2.9300




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

Sterling Turns Lower, Boosting U.K. Shares to One-week Highs


U.K. shares advanced on Thursday after data showed U.K. gross domestic product rose as much as expected in the last quarter. A weak British Pound also contributed to boost the stock benchmark index higher.

The FTSE 100 index added nearly 0.7 percent to trade at 7430.00 – the highest level in more than one week- after having closed marginally higher on Wednesday.

Data released by the Office for National Statistics showed U.K. gross domestic product (GDP) expanded by a seasonally adjusted 0.3% in the second quarter following a rise of 0.2 percent in the three-month period to March. The reading was in line with expectations. On a yearly basis, UK economic growth advanced 1.7% in the April to June period.

The Office for National Statistics also published data on business investment that showed no change on a quarterly basis. Analysts had forecast a growth rate of 0.4%, compared to the 0.6% seen in the first quarter. In a separate report, the index of services in the U.K. rose 0.5% after having added 0.4% in the preceding quarter.

British Pound reversed earlier gains to trade as low as $1.28000. Sterling weakness helps boost shares of the FTSE’s many multinational companies that get their earnings in other currencies.

Trade suggestion

Buy Stop at 7430.00, Take profit at 7460.00, Stop loss at 7420.00

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

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

AUD/NZD


From GMT 09:30 24/08/2017
Till GMT 21:00 24/08/2017

Sell at 1.09300
Take profit at 1.09850
Stop loss at 1.09500

******************************
GBP/AUD


From GMT 17:00 24/08/2017
Till GMT 21:00 24/08/2017

Sell at 1.61800
Take profit at 1.61000
Stop loss at 1.62200
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: Signals by Capital Street FX

Postby CSFX.Support » Fri Aug 25, 2017 6:17 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
User avatar
CSFX.Support
 
Posts: 2146
Joined: Mon Aug 29, 2016 11:16 am

Re: Signals by Capital Street FX

Postby CSFX.Support » Mon Aug 28, 2017 5:46 pm

Daily Report on August 28, 2017



Asian shares were struggling for direction on Monday while European stocks were under pressure as the euro continued to trade higher to hit its highest level against the dollar in more than two years. Trading volumes was lighter than usual in the European trading session as trading was closed on the FTSE 100 due to the fact that the U.K. observed the August Bank Holiday.

Dragged down by a stronger yen that had surged to as high as 119.016 in early trade, the Nikkei Stock Average was down 0.1% before paring losses to close roughly flat. The Topix closed 0.2 percent higher. The Shanghai Composite Index also traded higher, jumping 0.7% on the back of gains in financial stocks. The Hang Seng Index in Hong Kong added less than 0.1 percent.

By contrast, Australia’s S&P/ASX 200 index declined 0.6 percent and South Korea’s Kospi index fell 0.4 percent. New Zealand’s NZX 50 index was also on a slide, dropping nearly 0.4 percent. With no sector traded higher, the Stoxx Europe 600 Index plunged by 0.5 percent to trade at the lowest in six months on a closing basis. Germany’s DAX Index fell 0.7 percent.

Oil prices edged lower on Monday with U.S. West Texas Intermediate shedding around 1 percent on the New York Mercantile Exchange. Energy markets digested the impact of Hurricane Harvey, which is the most powerful hurricane to hit Texas in more than 50 years, on the U.S. Gulf Coast amid concerns that U.S. refinery shutdowns could reduce demand for American crudes



Technicals

EURAUD



EURAUD rebounded from a firm support at 1.50100 following a short correction that came after the pair jumped to the highest level since July 07th at 1.50624. While RSI index is heading higher, ADX index is also on a rise with a widening gap between +DI and –DI lines, signaling further advances. A resistance at 1.51000 is within the sight.

Trade suggestion

Buy Stop at 1.50500, Take profit at 1.51000, Stop loss at 1.50300



EURNZD



EURNZD resumed its uptrend after a period of consolidation around the level of 1.64926. With a market dominated by bullish force, the currency pair is anticipated to inch higher in an attempt to test a resistance at 1.66000. RSI is pointing upwards, indicating a strengthening bullish momentum for the pair.

Trade suggestion

Buy Stop at 1.65000, Take profit at 1.66000, Stop loss at 1.64500



COPPER



Copper prices resumed its uptrend in the new week, trading higher to surpass a resistance at 3.0523 that the commodity’s price failed to break out last week. Recent moves sent the market into the overbought zone, as indicated by RSI index that has surged to as high as 74.65. However, the price is likely to extend its uptrend as ADX continued to edge higher, suggesting a strengthening bullish force in the market.

Trade suggestion

Buy Stop at 3.0700, Take profit at 3.1000, Stop loss at 3.550



Natural Gas



Natural gas futures prices breached a strong support at 2.8800 after its price action broke out of a slopping upward trend line that connects higher lows. The move signaled a reversal into a downtrend. With the RSI index heading downwards while ADX index on a rise, the commodity is expected to test a significant level at 23.6% Fibonacci level.

Trade suggestion

Sell Stop at 2.8700, Take profit at 2.8450, Stop loss at 2.8830



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

Dollar Remains Fragile, Gold Jumps to The Highest Level Since November


Gold futures prices rose sharply on Monday, extending its gains to a second straight trading session. The precious metal surged to the highest level in more than nine months as the dollar has still been dragged down by disappointing remarks of Fed Chair Yellan last week.

Gold for October delivery jumped noticeably more than 1 percent to trade at $1,306.70 an ounce – the highest level since November 9th, 2016. The dollar had slumped against a basket of global currencies on Friday and remained weak in the first trading of the new week due to falling expectations of a rate hike later this year.

The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, traded in mixed fashion, losing 0.02 percent to 92.35 and lingering near its weakest level of 2017.

Speaking at the annual central bankers’ meeting in Jackson Hole, Wyoming, Federal Reserve chair Janet Yellen last Friday avoided talking about monetary policy. Instead, she defended rules adopted in response to the financial crisis, reiterating that any rollback of post-crisis financial reforms should be “modest”. Yellen’s comments sparked uncertainty as to whether the central bank will raise rates one more time or unwind the central bank’s balance sheet later this year.

A weak dollar tends to boost gold’s prices as it helps boost attractiveness of gold to holders of other currencies.

Trade suggestion

Buy Stop at 1,307.00, Take profit at 1,313.00, Stop loss at 1,304.00

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

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

Euro Takes Off Against Canadian Dollar As Crude Oil Futures Drop Sharply


The euro rose dramatically versus its Canadian counterpart on Monday, extending its rally to a second straight trading session. The single currency surged to the highest level in nearly two week as the Loonie has still been dragged down by tumbling crude oil prices.

The currency pair EURCAD jumped more than 0.5 percent to trade at $1.49600 – its strongest level since August 16th.

The Canadian dollar was broadly lower against its peers as oil futures headed sharply lower on Monday. October West Texas Intermediate crude tumbled by around 3.4 percent to trade at $46.72 a barrel on the New York Mercantile Exchange, heading for their lowest settlement in about a month

Meanwhile, the single currency has been supported by European Central Bank President Mario Draghi who avoided giving fresh clue on when the bank might tighten its stimulus program at Jackson Hole last week. However, Draghi claimed that the recovery in the euro area was gaining momentum.

Trade suggestion

Buy Stop at 1.49600, Take profit at 1.50000, Stop loss at 1.49400

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

GBP/CHF


From GMT 07:40 28/08/2017
Till GMT 21:00 28/08/2017

Sell at 1.23000
Take profit at 1.22500
Stop loss at 1.23200
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: Signals by Capital Street FX

Postby CSFX.Support » Tue Aug 29, 2017 6:22 pm

Daily Report on August 29, 2017



Escalating geopolitical tensions sapped investors' appetite for risky investments. Asian shares and U.S. stock futures tumbled on Tuesday, causing investors to pile into safe-havens assets such as the Japanese Yen, gold, Swiss franc and U.S. Treasuries. South Korea’s Kospi index led declines across the region, losing 1.2 percent. The S&P/ASX 200 Index and Hong Kong’s Hang Seng Index dropped 0.9 percent and 0.4 percent, respectively.

The Topix index declined 0.3 percent on the back of a strengthening Yen. The yen advanced 0.4 percent to 108.81 per dollar while gold advanced 0.7 percent to $1,317.02 an ounce, extending a 1.3 percent advance on Monday. Contracts on the S&P 500 Index were down 0.6 percent after falling as much as 0.9 percent. The underlying measure was little changed on Monday.

North Korea was reported to fire an unidentified ballistic missile passing over northern Japan. The act reignited tensions after a war of words between Pyongyang and Washington earlier this month. Earlier this month, Pyongyang had threatened to fire a missile over Japan toward the U.S. territory of Guam in a respond to U.S. President Donald Trump’s warnings that any threat North Korea presented to the United States would be met with “fire and fury.

In a speech following the missile’s launch, Prime Minister Shinzo Abe claimed that it “is an unprecedented, grave and serious threat” and that he agreed with Trump to increase pressure on North Korea. Japan did not only ask the United Nations Security Council to hold an emergency meeting but also urged China and Russia to join in taking action against Kim Jong Un’s regime.



Technicals

GBPCHF



As can be seen from the price chart, GBPCHF has been under downward pressure exerted by two MAs that are hanging above the price action. The pair has breached a strong support at 1.22500 and is heading towards another firm support at 1.21500. While RSI index has jumped into the oversold zone, ADX index is on a rise with a widening gap between –DI and +DI lines.

Trade suggestion

Sell Stop at 1.22200, Take profit at 1.21500, Stop loss at 1.22500



EURCAD




EURCAD has broken above a firm resistance at 1.50000 after resuming its rally following a short consolidation. While RSI index has jumped into the overbought zone, ADX index is on a rise with a widening gap between +DI and -DI lines. The pair is forecast to edge higher in an attempt to test a resistance at 1.51000.

Trade suggestion

Buy Stop at 1.50400, Take profit at 1.51000, Stop loss at 1.50100



Natural Gas




Natural gas’s price action has broken out of a shrinking trading range that connects lower highs and higher lows. The commodity’s price breached this range from below, which indicates a strong bullish force in the market. RSI index is rising to as high as 60.82, signaling further advances for natural gas’ prices. The resistance at 3.000 is expected to be tested.

Trade suggestion

Buy Stop at 2.9750, Take profit at 3.000, Stop loss at 2.9650



SILVER


Silver extended its rally following a period of moving sideways. The market fell into a consolidation after the price action broke out of a significant level at 50.0% Fibonacci retracement. RSI has soared to as high as 72.66, indicating a dominating bullish force in the market. A resistance at 17.700 is within the sight.

Trade suggestion

Buy Stop at 17.570, Take profit at 17.700, Stop loss at 17.500



DAX 30 Index



Germany’s DAX 30 index gapped down on Tuesday and has breached a support at 11936.00 – the lowest level since August 11th. RSI is pointing sharply downward, suggesting a strengthening bearish momentum dominating in the market. The benchmark stock index is anticipated to test a significant level at 38.2% Fibonacci retracement.

Trade suggestion

Sell Stop at 11920.00, Take profit at, Stop loss at

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

Escalating Geopolitical Tensions Roil Markets, Yen Jumps to 4-month Highs Versus Dollar


Japan’s currency gained versus all major developed peers on Tuesday, especially surging to a four-month high against the U.S. dollar after North Korea fired a missile over Japan. The act reignited tensions after a war of words between Pyongyang and Washington earlier this month.

The Yen had jumped to as high as 108.326 yen per dollar in early trade- the highest level since April 18th – before retreating to 108.780 at the end of Asian morning trading session. North Korea was reported to fire an unidentified ballistic missile passing over northern Japan.

Earlier this month, Pyongyang had threatened to fire a missile over Japan toward the U.S. territory of Guam in a respond to U.S. President Donald Trump’s warnings that any threat North Korea presented to the United States would be met with “fire and fury.

In a speech following the missile’s launch, Prime Minister Shinzo Abe claimed that it “is an unprecedented, grave and serious threat” and that he agreed with Trump to increase pressure on North Korea. Japan did not only ask the United Nations Security Council to hold an emergency meeting but also urged China and Russia to join in taking action against Kim Jong Un’s regime.

Escalating geopolitical tensions sapped investors’ appetite for risky investments. Asian shares and U.S. stock futures tumbled on Tuesday, causing investors to pile into safe-havens assets such as the Japanese Yen as Japan is the world’s biggest creditor nation and it has big current account surpluses.

Trade suggestion

Sell Stop at 108.750, Take profit at 108.350, Stop loss at 108.950

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

U.K. Shares Join Global Share Sell-off, Firm Pound Builds Up Pressure


U.K. shares reopened and dropped sharply on Tuesday after having been closed in the previous session for the August Bank Holiday. Joining a selloff in global stock markets, the FTSE 100 index tumbled after North Korea launched a ballistic missile over northern Japan.

The FTSE 100 index plunged by 1.40 percent to retest a firm support at 7,300.00 – lowest since August 21st as investors’ appetite for risky investments was sapped due to news that North Korea fired the first missile over the main lands of Japan since 2009.

While no sector traded higher, a strong pound also contributed to providing some downside. Sterling added more than 0.2 percent versus dollar, sending the pair GBPUSD to as high as $1.2966, compared with $1.2933 late Monday in New York. A stronger currency tends to hurt shares of multinational companies that make the bulk of sales and earnings overseas.

Trade suggestion

Sell Stop at 7290.00, Take profit at 7255.00, Stop loss at 7310.00

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

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

USD/CHF


From GMT 11:00 29/08/2017
Till GMT 21:00 29/08/2017

Sell at 0.94400
Take profit at 0.94000
Stop loss at 0.94600
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: Signals by Capital Street FX

Postby CSFX.Support » Wed Aug 30, 2017 6:37 pm


Daily Report on August 30, 2017




Global shares advanced on Wednesday as tensions surrounding North Korea eased. Following Asian shares that closed higher, European stocks were on a rise with almost every sector of the Stoxx Europe 600 Index climbing. The index rose 0.5 percent while the U.K.’s FTSE 100 Index and the Germany’s DAX Index recorded the biggest advance in more than a week. The former jumped 0.3 percent and the latter added 0.6 percent.

In Asian trading session, the MSCI Asia Pacific Index rose 0.2 percent. Japan’s equities also traded higher as the Japanese yen lost ground and fell 0.2 percent to 109.96 per dollar. The Topix index climbed 0.6 percent at the close in Tokyo. The Kospi index and the Hang Seng Index soared 0.3 percent and 1.2 percent, respectively. Australia’s S&P/ASX 200 Index and the Shanghai Composite Index were flat.

Crude oil futures prices dipped on Wednesday in spite of a large drop in U.S. stocks. The American Petroleum Institute on Tuesday reported that U.S. crude oil inventories fell by an estimated 5.8 million barrels last week. Analysts had expected a draw of 1.9 million barrels. On the New York Mercantile Exchange crude futures for October delivery dipped nearly 0.3% to $46.31.

Data released by the Australian Bureau of Statistics earlier today showed the value of construction work done in Australia increased 9.3 percent last quarter, beating estimates calling for a rise 0.9 percent. Whereas, monthly building approvals were reported to fall 1.7 in July, topping expectations for a 5 per cent fall.



Technicals

GBPJPY




GBPJPY has been tracing an uptrend that had sent its price action above a significant level at 23.6% Fibonacci retracement. With the support from two MAs that are lingering below the price action, the pair is anticipated to test a strong resistance at 143.000. RSI is at as high as 70.60, indicating a dominating bullish force in the market and signaling further advances.

Trade suggestion

Buy Stop at 142.300, Take profit at 143.000, Stop loss at 142.000



AUDUSD




AUDUSD tumbled from a one-month high at 0.79950 with its price action dropping below the short-term MA20. The long-term MA50 is expected to be broken below as the market has jumped into the negative territory side because the RSI index plunged to as low as 48.48. A support at 0.78800 is forecast to be tested.

Trade suggestion

Sell Stop at 0.79300, Take profit at 0.78800, Stop loss at 0.79500



USDJPY




USDJPY resumed its downtrend following a short consolidation that came after the pair surpassed a firm resistance at 108.750. While the RSI index is heading higher, ADX index is also on experiencing some upticks, which indicates a strengthening bullish momentum in the market. A resistance at 23.6% Fibonacci level is within the sight.

Trade suggestion

Buy Stop at 110.100, Take profit at 110.600, Stop loss at 109.900



WTI




U.S. crude oil futures prices have been trading sideways to lower above the level 46.100. The commodity has been under downward pressure exerted from two MAs that are hanging above the price action and is expected to move lower as the market has been dominated by sellers. RSI index is at as low as 29.82, suggesting further declines.

Trade suggestion

Sell Stop at 46.050, Take profit at 45.150, Stop loss at 46.500



GOLD




Under downward pressure depressed by two MAs hanging above, gold failed to surpass these two dynamic resistances. Additionally, the short-term MA20 has crossed over the long-term MA50 from above, suggesting a reversal into a downtrend. RSI index has tumbled to as low as 41.29, indicating a dominating bearish force in the market.

Trade suggestion

Sell Stop at 1306.00, Take profit at 1298.00, Stop loss at 1310.00



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

Dollar Turns Higher Versus Euro Following Better-than-expected U.S. Data


The U.S. dollar rebounded on Wednesday, sending its European counterpart back down to the lowest level since last Friday. The pair EURUSD tumbled from two-and-a-half-year highs logged yesterday after data showed U.S. employments and growth rates were better than expected.

The currency pair lost more than 0.5 percent to trade at as low as $1.19100 per euro, paring earlier gains which had sent the pair to a high of $1.20692 – the level that had not been seen since early 2015. The dollar gained ground versus most of its peers after the Automatic Data Processing reported that U.S. private employers added 237,000 jobs in August.

The figure was well above economists’ expectations which called for a gain of 183,000 jobs.

Later in the week, the U.S. Labor Department will release its August nonfarm payrolls report at on Friday amid expectations that the data will show jobs growth of 180,000 in August, following an increase of 209,000 last month. The unemployment rate forecast to hold steady at 4.3% while average hourly earnings are expected to rise 0.2% after adding 0.3% a month earlier.

Besides data on U.S. job market, figures on second-quarter economic growth were also released. The Commerce Department reported that U.S. economic rose at 3% rate in the three-month period to June. The reading was revised up from an initial rate of 2.6% and marked the fastest quarterly growth rate in more than two years following a rise of 1.2% in the first quarter.

Stronger consumer spending was the main cause for the upward revision. Indeed, consumer spending was reported to jump at the rate of 3.3% last quarter, up from the government’s original estimate of a 1.9% gain.

Trade suggestion

Sell Stop at 1.19100, Take profit at 1.18700, Stop loss at 1.19300

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

Supported by Upbeat U.S. Data, SP500 Index Heads For The 4th Straight Daily Gain

U.S. shares were mostly higher on Wednesday after data showed U.S. employments and growth rates were better than expected.

The S&P 500 added 0.25% to trade at 2451.00, on track for its fourth straight daily increase. Eight out of 11 main sectors were trading higher, led by gains in Materials and Financials. The Automatic Data Processing reported that U.S. private employers added 237,000 jobs in August, which was well above economists’ expectations which called for a gain of 183,000 jobs.

Later in the week, the U.S. Labor Department will release its August nonfarm payrolls report at on Friday amid expectations that the data will show jobs growth of 180,000 in August.

Besides data on U.S. job market, figures on second-quarter economic growth were also released. The Commerce Department reported that U.S. economic rose at 3% rate in the three-month period to June. The reading was revised up from an initial rate of 2.6% and marked the fastest quarterly growth rate in more than two years following a rise of 1.2% in the first quarter.

Trade suggestion

Buy Stop at 2453.00, Take profit at 2460.00, Stop loss at 2450.00

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

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

EUR/AUD


From GMT 05:50 30/08/2017
Till GMT 21:00 30/08/2017

Sell at 1.49800
Take profit at 1.49400
Stop loss at 1.50000
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: Signals by Capital Street FX

Postby CSFX.Support » Thu Aug 31, 2017 6:22 pm

Daily Report on August 31, 2017



Tracing bullish sentiment on Wall Street boosted by upbeat U.S data in the previous session, Asian shares advanced further also thanks to data that underscored the resilience of Chinese economies. MSCI’s broadest index of Asia-Pacific shares outside Japan added more than 0.2 percent, looking set to close the month 0.7 percent higher. Equity benchmarks rose in Australia, Taiwan, Singapore and Malaysia but retreated in South Korea and China.

Data showed the U.S. economy grew at an upwardly revised 3 percent annualized pace in the second quarter, the fastest pace in two years in the wake of robust consumer spending and strong business investment. The greenback surged to the highest level in two weeks versus the Japanese Yen. A pullback in Yen helped Japan’s equities trade higher. Japan's Nikkei surged 0.6 percent to its best level in two weeks, still down 1.5 percent on the month though. The Topix index also rose 0.6 percent.

Copper for December delivery on the Comex division of the New York Mercantile Exchange climbed more than 0.6 percent to trade at $3.1065 per lb, heading for a third monthly gain in a row. The price also reached its highest point since mid-September 2014, bolster by data that reflected healthy growth at China’s factories in August.

Expectations of better metals demand were fed after China Federation of Logistics and Purchasing (CFLP) reported that China’s official factory gauge further strengthened in August. Indeed, the manufacturing purchasing managers index jumped to 51.7 in August from the 51.4 reading in July. This month’s figure easily topped market forecast for a small dip to 51.3.



Technicals

USDCAD



USDCAD has been tracing a steady uptrend that had sent the pair to as high as 1.26471 – the highest level since August 18th. The bull is dominating in the market, as indicated by the RSI index that has stepped into the overbought territory. Further advances are anticipated with a resistance at 1.26900 within the sight.

Trade suggestion

Buy Stop at 1.26500, Take profit at 1.26900, Stop loss at 1.26300



NZDUSD




Under downward pressure exerted by two moving averages that are hanging above the price action, the pair NZDUSD has breached a significant support at 38.2% Fibonacci retracement and slumped to the lowest level since June 06th. While RSI index continued to tick lower, ADX index is on a rise, showing a strong bear in the market. A support at 0.71200 is expected to be tested.

Trade suggestion

Sell Stop at 0.71600, Take profit at 0.71200, Stop loss at 0.71800



GBPNZD


GBPNZD rebounded from a support at 1.79200 and is heading higher in an attempt to test a significant level at 38.2% Fibonacci retracement – the highest level since early June. Although RSI index has soared to the overbought zone, ADX index is on a strong rise with a widening gap between +DI and –DI lines. The rally is forecast to be extended.

Trade suggestion

Buy Stop at 0.80600, Take profit at 0.81400, Stop loss at 0.80200



BRENT



Brent crude oil prices resumed its downtrend following a short correction that came after its price action had broken below a significant level at 23.6% Fibonacci retracement. The commodity is anticipated to test a firm support at 50.000 as the market has been dominated by a strengthening bearish momentum. RSI is ticking lower, signaling further declines.

Trade suggestion

Sell Stop at 50.650, Take profit at 50.000, Stop loss at 51.000



GOLD



Gold reversed lower to extend its downtick following a period of consolidation. The precious metal’s price action crossed over the short-term MA20 and is on track to test the long-term MA50 which is at around 1295.00. RSI index has inched down to linger below the 50 level, which indicates a strengthening bearish momentum in the market.

Trade suggestion

Sell Stop at 1302.00, Take profit at 1295.00, Stop loss at 1305.00



NASDAQ 100



U.S. Nasdaq 100 index breached a strong resistance at 5935.00 yesterday. That was the level that the stock benchmark index failed to break through since mid-August. Both RSI index and ADX index are edging higher, indicating a strengthening bullish force in the market. The index is expected to extend its rally and retest an all-time record high at 5990.00.

Trade suggestion

Buy Stop at 5945.00, Take profit at 5990.00, Stop loss at 5925.00


********************************************
Industrial Metals Given Fresh Boost After China Data, FTSE 100 Heads to Monthly Gains

Stock markets pushed higher in European trading session on Thursday thanks to data that indicated the resilience of the American and Chinese economies. U.K. shares were also on a strong rise, extending their rally to a second straight day after having fallen to a one-week low earlier this week.

The FTSE 100 index jumped more than 0.5 percent to 7400.00 following an advance of 0.4% in the previous session. The stock benchmark index was on track to close the month modestly 0.1 percent higher. The overall performance was supported by gains in the basic materials group that helped offset losses in the oil and gas sector.

Industrial metals’ prices were given fresh boost on Thursday in the wake of data that reflected healthy growth at China’s factories in August. Copper for December delivery on the Comex division of the New York Mercantile Exchange climbed more than 0.6 percent to trade at $3.1065 per lb, heading for a third monthly gain in a row.

Expectations of better metals demand were fed after China Federation of Logistics and Purchasing (CFLP) reported that China’s official factory gauge further strengthened in August. Indeed, the manufacturing purchasing managers index jumped to 51.7 in August from the 51.4 reading in July. This month’s figure easily topped market forecast for a small dip to 51.3.

Topping the list of gainers on the FTSE 100, shares of copper producer Antofagasta PLC soared more than 4.6 percent while those of Anglo American PLC and Glencore PLC advanced by 2.79% and 2.59%, respectively. Shares of iron ore producer BHP Billiton PLC added 1.65%.

Trade suggestion

Buy Stop at 7400.00, Take profit at 7440.00, Stop loss at 7380.00

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

China Factory Gauge Rises Unexpectedly, COMEX Copper To Close The Month Higher

The three-month COMEX copper contract’s prices gapped up in Asian trading session on Thursday, bolster by data that reflected healthy growth at China’s factories in August.

Copper for December delivery on the Comex division of the New York Mercantile Exchange climbed more than 0.6 percent to trade at $3.1065 per lb, heading for a third monthly gain in a row. The price also reached its highest point since mid-September 2014.

Expectations of better metals demand were fed after China Federation of Logistics and Purchasing (CFLP) reported that China’s official factory gauge further strengthened in August. Indeed, the manufacturing purchasing managers index jumped to 51.7 in August from the 51.4 reading in July. This month’s figure easily topped market forecast for a small dip to 51.3.

Trade suggestion

Buy Stop at 3.1070, Take profit at 3.1300, Stop loss at 3.1000

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

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

EUR/USD
From GMT 08:15 31/08/2017
Till GMT 21:00 31/08/2017

Sell at 1.18500
Take profit at 1.18000
Stop loss at 1.18700
Benefit from 0 Pips Spreads, 200% Bonus, 1:1000 Leverage, 100% Risk Free
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Posts: 2146
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Re: Signals by Capital Street FX

Postby CSFX.Support » Thu Sep 21, 2017 6:14 pm


Daily Report on September 21, 2017




Asian shares slipped while European equity futures jumped on Thursday after the conclusion of policy meetings held by the U.S. Federal Reserve and the Bank of Japan. The MSCI’s broadest dollar-denominated index of Asia-Pacific shares outside Japan dropped 0.5 percent with losses led by Australian shares which lost as much as 0.8 percent.

Japan’s Topix index climbed less than 0.1 percent at the close in Tokyo after having pared wiped out almost all the session’s advance of as as much as 0.7 percent. While the Kospi index shed 0.2 percent, the Hong Kong’s Hang Seng Index and the Shanghai Composite Index swung between gains and losses. By contrast, futures contracts on Euro Stoxx 50 rose 0.4 percent.

The dollar jumped dramatically versus its major rivals on Thursday after the Fed decided to keep its interest rates unchanged in a range of 1 percent to 1.25 percent as widely expected. The central bank announced that it would start shrinking its $4.5 trillion balance sheet next month and trimming its massive holding of U.S. Treasury bonds and mortgage-backed securities that it acquired in the years after the 2008 financial crisis.

The Fed continued to reiterate that interest rates are likely to rise at a “gradual” pace given steady growth and low unemployment which is expected to boost inflation closer to their 2% goal. The central bank signaled that it expects one more interest rate hike by the end of the year with the consideration that hurricane damage are unlikely to affect the economy in the medium term. In its new set of projections, the Fed estimates that three quarter-point rate hikes would be appropriate next year.

Meanwhile, although the Bank of Japan kept its monetary stimulus unchanged on Thursday as expected by economists, the Yen lost ground after a dovish new board member said the effects of the current yield curve program of the Japanese central bank weren’t strong enough which would not be able to bolster inflation higher towards BOJ’s target by the projected time frame of around fiscal 2019.



Technicals

AUDUSD



AUDUSD reversed lower from a nearly-two-week high yesterday to tumble below a couple of moving averages. The pair has breached a strong support at 0.79550 which has prevented the price from falling lower since early September. Although the RSI index has plunged into the oversold zone, ADX indicator is witnessing the –DI line crossing over the +DI line, which indicates a strengthening bearish momentum in the market. The support at 0.78800 is within the sight.

Trade suggestion

Sell Stop at 0.79400, Take profit at 0.78800, Stop loss at 0.79700



USDCHF




As can be seen from the chart, USDCHF has been supported by a couple of moving averages. The pair did not only breach a significant level at 23.6% Fibonacci retracement but also surpassed a firm resistance at 0.96972. The pair is heading upwards towards another Fibonacci level at 38.2%. Both ADX and RSI indices are rising, showing a strong bull run in the market.

Trade suggestion

Buy Stop at 0.97350, Take profit at 0.97800, Stop loss at 0.97150.



USDCAD



USDCAD appeared to extend its uptrend following a short consolidation that came after the pair spiked a two-week high yesterday. The pair has been tracing an upbeat rally in general, as indicated by higher lows and higher highs formed on the price chart. A resistance at 1.24200 is expected to be tested as the market is still dominated by buyers.

Trade suggestion

Buy Stop at 1.23500, Take profit at 1.24200, Stop loss at 1.23200



SILVER




Under the downward pressure exerted by the short-term MA20, the commodity continued to trade lower with its price action falling below a firm support at 17.050. Silver is heading downward to test a significant level at the 38.2% Fibonacci level as the market has been dominated by the sellers. While the RSI index has fallen into the oversold zone, the ADX index is on a rise with a widening gap between the –DI and the +DI lines.

Trade suggestion

Sell Stop at 16.900, Take profit at 16.750, Stop loss at 16.970



GOLD



Gold extended its downward rally after having failed to penetrate the short-term MA20. The precious metal fell below a firm support at 1305.00 and has tumbled to the lowest level in nearly a month at 1294.16. While RSI index is heading lower, ADX index is resurging, signaling further downbeat moves for the gold prices.

Trade suggestion

Sell Stop at 1294.00, Take profit at 1283.00, Stop loss at 1299.00



COPPER



Copper prices have been depressed by a pair of moving averages which helped send the pair below a strong support at 2.9350. The metal price slumped to the weakest level since mid-August and is anticipated to breach the 38.2% Fibonacci level. A another firm support at 2.8750 is expected to be tested.

Trade suggestion

Sell Stop at 2.9200, Take profit at 2.8750, Stop loss at 2.9400





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

Dollar Reaches Two-month Highs Versus Yen On the back of Diverging Monetary Policies


The dollar jumped dramatically versus its Japanese counterpart on Thursday after the conclusion of policy meetings held by the U.S. Federal Reserve and the Bank of Japan which delivered diverging monetary policies.

The greenback shone and soared to the highest level in two months versus the Yen in Asian trading session on Thursday, sending the pair USDJPY 0.17 percent higher to trade at as high as 112.40 yen per dollar. According to the Federal Open Market Committee’s statement released after a two-day meeting starting on Tuesday in Washington, the Fed decided to keep its interest rates unchanged in a range of 1 percent to 1.25 percent as widely expected.

However, the central bank announced that it would start shrinking its $4.5 trillion balance sheet next month and trimming its massive holding of U.S. Treasury bonds and mortgage-backed securities that it acquired in the years after the 2008 financial crisis.

The Fed continued to reiterate that interest rates are likely to rise at a “gradual” pace given steady growth and low unemployment which is expected to boost inflation closer to their 2% goal. The central bank signaled that it expects one more interest rate hike by the end of the year with the consideration that hurricane damage are unlikely to affect the economy in the medium term. In its new set of projections, the Fed estimates that three quarter-point rate hikes would be appropriate next year.

Following the Fed’s statement, Fed fund rate futures rose to a 65 percent chance of a rate hike by December from around 50 percent before the latest meeting. The dollar; therefore, was supported strongly amidst expectations over the central bank raising rates in the near futures.

Meanwhile, although the Bank of Japan kept its monetary stimulus unchanged on Thursday as expected by economists, the Yen turned lower against its major rivals after a dovish new board member said the effects of the current yield curve program of the Japanese central bank weren’t strong enough which would not be able to bolster inflation higher towards BOJ’s target by the projected time frame of around fiscal 2019.

Markets are awaiting a news conference by its governor which is scheduled to be held later in the day.

Trade suggestion

Buy Stop at 112.500, Take profit at 112.900, Stop loss at 112.300

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

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

Technology Shares Lead Losses, S&P 500 Index To End Four-Day Win Streak


U.S. shares turned lower on Thursday as market participants digested the result of the Federal Reserve’s decision to start unwinding its stimulus program last month and signal that the central bank may raise rates at the end of this year.

The S&P 500 shed 0.3% to trade at 2,501.00, falling from a record logged yesterday. The decline threatens to end a four-consecutive-day win streak for the stock benchmark index. Nine of the 11 primary S&P 500 sectors were trading in the negative territory on Thursday, with technology shares leading declines.

Shares of Nvidia Corp. plunged more than 4 percent after reports that its customer Tesla is working with its rival – chipmaker Advanced Micro Devices – to develop its own A.I. chip for self-driving cars. Meanwhile, shares of Apples remained weak after the technology giant on Wednesday admitted some problems with wireless connectivity for its new Apple Watch 3.

The Fed on Wednesday decided to keep its interest rates unchanged in a range of 1 percent to 1.25 percent as widely expected. The central bank announced that it would start shrinking its $4.5 trillion balance sheet next month and trimming its massive holding of U.S. Treasury bonds and mortgage-backed securities that it acquired in the years after the 2008 financial crisis.

Trade suggestion

Sell Stop at 2500.00, Take profit at 2490.00, Stop loss at 2505.00

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

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

EUR/AUD


From GMT 03:00 21/09/2017
Till GMT 21:00 21/09/2017

Buy at 1.50400
Take profit at 1.50900
Stop loss at 1.50200
Benefit from 0 Pips Spreads, 200% Bonus, 1:1000 Leverage, 100% Risk Free
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