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Daily Market Research by Capital Street FX

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Re: Daily Market Research by Capital Street FX

Postby CSFX.Support » Fri Jun 23, 2017 5:01 pm

Daily Report on June 23, 2017



Asian shares were flat on Friday after U.S. stocks closed mixed on yesterday’s session. A surge came to health care stocks on Wall Street as investors were waiting for the unveiling of Senate’s health care bill, which aims to repeal and replace Obamacare.​ At the close in NYSE,​ while the Dow Jones Industrial Average and the S&P 500 index fell around 0.05%, the Nasdaq Composite closed​ up 0.04%.

In Asian trading session, the MSCI's broadest index of Asia-Pacific shares outside Japan was flat but looked set for a weekly gain of 0.4 percent. Australia’s S&P/ASX 200 Index and South Korea’s Kospi index were both also flat in the morning session while​ Japan’s Topix fell less than 0.1 percent. By contrast, the Hang Seng China Enterprises Index of mainland firms trading in Hong Kong​ and the Hang Seng Index added​ 0.6 percent​ and​ 0.2 percent,​ respectively.

U.S. Senate Republicans on Thursday unveiled a 142-page proposal which aims to roll back former President Barack Obama's signature healthcare law by scaling back aid to the poor and killing a tax on the wealthy. While Democrats are united in opposition, four conservative lawmakers said they could not support the Obamacare replacement bill in its current form.

Elsewhere, according to the Markit,​ Japanese manufacturing activity slowed​ in June due to the fact that​ new orders grew at the slowest pace in seven months. The Markit/Nikkei Flash Japan Manufacturing Purchasing Managers Index (PMI) was reported to drop to 52.0 in June from a final 53.1 in May. Although the index remained above 50, which indicates an expansion, for the 10th consecutive month, a weak figure showed a sign of a slight weakening in domestic demand.



Technicals

GBPAUD



As can be seen from the price chart, with the support from two MAs which are moving below the price action, the pair GBPAUD has escaped from a slopping downward trading range. The pair broke out of the upper boundary from below and is heading towards a resistance at 1.68700. Further advances are expected as RSI is pointing upward, indicating a dominating bull in the market.

Trade suggestion

Buy Stop at​ 1.68300, Take profit at​ 1.68700, Stop loss at​ 1.68100



USDCHF


USDCHF has not only fallen below the long-term MA50 but also broken out of an upward slopping trading range which tracks higher highs and higher lows. The breakout signals a reversal into a downtrend. Although ADX is rising while RSI is heading lower, indicating a strengthening bearish force in the market, a firm support at 0.9700 is within the sight.

Trade suggestion

Sell​ Stop at​ 0.97000, Take profit at​ 0.96700, Stop loss at​ 0.97150



SILVER


Silver continued to extend its upbeat moves​ after breaking out a period of moving sideways around a significant level at 61.8% Fibonacci level. The metal has penetrated the short-term MA20 with the support from the long-term MA50. RSI is edging higher. Silver is expected to test a resistance at 16.800.

Trade suggestion

Buy Stop at​ 16.650, Take profit at​ 16.800, Stop loss at​ 16.580



FTSE 100


U.K. FTSE 100 index has been tracing a downtrend after reversing lower from a strong resistance at 7545.00. In general, the stock benchmark index has been trapped in a trading range between 7390.00 and​ 7545.00. Under downward pressure from two MAs that are hanging above the price action, the index may retest the lower boundary.

Trade suggestion

Sell​ Stop at​ 7420.00, Take profit at​ 7390.00, Stop loss at​ 7435.00

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Re: Daily Market Research by Capital Street FX

Postby CSFX.Support » Fri Jun 23, 2017 5:10 pm

Loonie Holds on Gains Versus Dollar As Oil Rebounds From 10-month Lows


Canadian dollar continued to gain ground versus its American counterpart on Friday after having surged sharply in the previous session. While the greenback dipped to a four-day low against major currencies, the commodity-linked currency, the loonie, held on gains as crude price rebounded.

The pair USDCAD dipped 0.1 percent to trade around 1.3222 in the last session of the week after losing 0.75 percent on Thursday, paring most of its weekly gain.

The U.S. dollar remained weak against most of its rivals ahead of a handful of Fed policymakers that are scheduled to make public appearances later in the day. St. Louis Fed President James Bullard, Cleveland Fed President Loretta Mester and Fed Governor Powell are scheduled to deliver comments on Friday with investors awaiting clues on the likelihood of higher interest rates in the coming months.

The dollar index – which measures the greenback against a basket of six major currencies – lost more than 0.2 percent to trade around 97.33 in European trading session. Next week, U.S. calendar features data on June consumer confidence indicator, pending home sales, crude oil inventories, revised first quarter GDP and the PCE price index.

Meanwhile, crude oil futures prices scaled back from 10-month lows which they hit on Wednesday, adding strength to the Canadian dollar which has already been spurred by upbeat data on April retail sales. Brent crude futures added 0.51 percent while U.S. West Texas Intermediate (WTI) crude futures jumped 0.54 percent, at $42.80 per barrel.

Trade suggestion

Sell Stop at 1.32100, Take profit at 1.32700, Stop loss at 1.32300

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Re: Daily Market Research by Capital Street FX

Postby CSFX.Support » Fri Jun 23, 2017 5:20 pm

GBP/USD signal by Capital Street FX

From GMT 08:20 23/06/2017
Till GMT 21:00 23/06/2017
Buy at 1.27400
Take profit at 1.28000
Stop loss at 1.27100
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Re: Daily Market Research by Capital Street FX

Postby CSFX.Support » Mon Jun 26, 2017 6:37 pm

Daily Report on June 26, 2017



Asian shares advanced on Monday thanks to the fact ​ that technology stocks continued to edge higher while oil climbed for a third straight day in a row after rebounding from a bear market last week. MSCI's broadest index of Asia-Pacific shares outside Japan added 0.4 percent with technology shares experiencing the biggest advance in the index.

While Japan's Nikkei index and Topix index both​ rose 0.1 percent, South Korea’s Kospi jumped 0.4 percent and Australia’s S&P/ASX 200 Index climbed less than 0.1 percent. Hong Kong’s Hang Seng Index​ was​ also​ on a rise, jumping 0.4 percent. However, Hang Seng China Enterprises Index and Shanghai Composite Index climbed even more, gaining 0.7 percent and 0.5 percent, respectively.

Markets in India, Malaysia, Indonesia, Philippines, Singapore and Bangladesh are closed​ on​ Monday for​ holidays to celebrate the end of Ramadan.

The U.S. dollar remained weak against its major peers on Monday, weighed​ down by fading expectations for the Federal Reserve to raise interest rates higher in the second half of this year.​ The U.S. dollar index, which tracks the strength of the greenback against a basket of six major currencies, was a fraction lower on Monday after having shed 0.4% in the previous session.

Crude oil futures prices jumped more than 1 percent in early trade as investors covered short positions after oil dipped into the bear market last week. While Brent crude futures added 1.1 percent to trade at $46.04 per barrel, U.S. West Texas Intermediate (WTI) crude futures gained 1.0 percent, at $43.45 per barrel.​

However, concerns over a global supply glut will persist due to another rise in U.S. drilling activity. According to data from energy services firm Baker Hughes Inc. late Friday, U.S. energy firms added 11 oil rigs in the week to June 23, bringing the total count up to 758, the most since April 2014.



Technicals​

GBPUSD



GBPUSD fell into a consolidation after a small gap up on Monday. The currency pair sustained its bullish momentum to trade above a couple of MAs which it crossed​ over last Friday. Although ADX retreated, RSI is still at high level, indicating a dominating bull in the market. A resistance at 1.28000 is expected to be tested.

Trade suggestion

Buy Stop at​ 1.27500, Take profit at​ 1.28000, Stop loss at​ 1.27300



GOLD


Gold reversed lower from as high as $1258.00 an ounce – a strong resistance at which the precious metal had to retreat on June 23rd. The price has also dropped below both a firm support at 23.6% Fibonacci level and a dynamic support at the short-term MA20. Gold is struggling at the long-term MA50. However, further declines are expected as RSI has edged down to as low as 45.19 while ADX is heading higher with a widening gap between the –DI and +DI lines.​

Trade suggestion

Sell​ Stop at​ 1253.00, Take profit at​ 1248.00, Stop loss at​ 1255.00



Natural Gas



Natural gas futures prices witnessed a sharp gap up on Monday which brought the price to the highest level since mid-June. The price action has also broken out of not only a period of moving sideways above a support at 2.8830 but also a couple of MAs. Both RSI and ADX are rising, signaling further advances. A resistance at 38.2% Fibonacci retracement is within the sight.

Trade suggestion

Buy Stop at​ 2.9950, Take profit at​ 3.0550, Stop loss at​ 2.9650



NASDAQ 100 Index



U.S. NASDAQ index has surpassed a firm resistance at 5800.00. This level not only forced the price to reverse lower on June 22nd​ but also pushed the index into a consolidation in late May. With support from two MAs which are lingering below the price action, the stock index is expected to edge higher. Rising ADX and RSI indices are confirming the uptrend.

Trade suggestion

Buy Stop at​ 5820.00, Take profit at​ 5880.00, Stop loss at​ 5790.00
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Re: Daily Market Research by Capital Street FX

Postby CSFX.Support » Mon Jun 26, 2017 6:48 pm

FTSE 100 Index Soars Thanks to A Rebound in Oil Prices and Weak Sterling


U.K. shares jumped steeply on Monday on the back of a rebound in oil prices which boosted stocks of energy companies and mining companies higher while British Pound reversed lower against most of its peers.

The FTSE 100 index added more than 0.6 percent on the first trading session of the week to trade around 7475.00 after having closed at its lowest level since June 15 on Friday.

Shares of energy companies led the overall performance as crude oil prices continued to rebound after a recent selloff. Crude oil futures benchmarks added more than 1 percent, spurring gains in shares of Royal Dutch Shell PLC and BP., which gained 0.5% each.

Shares of mining companies also traded in positive territory. Indeed, equities of Glencore PLC soared 1.07% while those of Rio Tinto PLC and BHP Billiton PLC jumped 0.84% and 1.01%, respectively.

Meanwhile, Sterling lost nearly 0.1 percent after having climbed to one-week high in early trade. According to market sources, investors were waiting for the meeting between the leader of Northern Ireland’s Democratic Unionist Party (DUP), Arlene Foster, and Theresa May, which is expected to help the Prime Minister to form a government with the support of the DUP.

Trade suggestion

Buy Stop at 7475.00, Take profit at 7530.00, Stop loss at 7450.00

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



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

EUR/NZD

From GMT 15:50 26/06/2017
Till GMT 21:00 26/06/2017
Sell at 1.53250
Take profit at 1.52200
Stop loss at 1.53750

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

NZD/JPY

From GMT 16:40 26/06/2017
Till GMT 21:00 26/06/2017
Buy at 81.500
Take profit at 81.900
Stop loss at 81.300
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Re: Daily Market Research by Capital Street FX

Postby CSFX.Support » Tue Jun 27, 2017 6:54 pm


Daily Report on June 27, 2017




Asian shares were mostly higher on Tuesday with Japanese stocks spurred by a weaker yen. MSCI's broadest index of Asia-Pacific shares outside Japan stood little changed but Japanese stocks edged towards two-year highs on Tuesday. While Japan’s Topix was up for a third day, Japan's benchmark Nikkei added 0.3 percent as the yen held on losses versus the U.S. dollar.

With exporters benefiting from dollar strength, Japan’s Topix climbed 0.5 percent, poised for the highest closing level since August 2015. Singapore’s Straits Times Index jumped 0.4 percent and South Korea’s Kospi gained 0.3 percent. Hong Kong’s Hang Seng was also on a rise, adding 0.1 percent. By contrast, Australia’s S&P/ASX 200 Index slipped 0.1 percent and the Shanghai Composite Index retreated 0.1 percent.

Crude oil futures extended gains to a fourth consecutive session on Tuesday. Indeed, while U.S. West Texas Intermediate (WTI) crude futures edged 0.3 percent higher to trade at $43.50 per barrel, Brent crude futures also advanced 0.3 percent to trade around $45.97 per barrel in Asian trading session.

Later in the day, Federal Reserve Chair Janet Yellen is scheduled to make public appearance at the British Academy's 2017 President's Lecture in London while the European Central Bank’s forum will continue in Portugal. Clues on changes in policies of major central banks are highly awaited by investors.



Technicals

AUDJPY



Australian dollar extended its rally versus the Japanese Yen to a third trading day in a row. Recent up moves not only brought the pair above the 23.6% Fibonacci retracement but also sent the price to a two-and-a-half-month high at 85.050 logged on June 20th. Both RSI and ADX indices are witnessing sharp up moves, indicating a strong bullish momentum in the market.

Trade suggestion

Buy Stop at 85.050, Take profit at 85.500, Stop loss at 84.800



NZDUSD



As supported by a couple of MAs which are moving below the price action, the pair NZDUSD continued to trace an uptrend which has been dominating the market for four trading sessions in a row. The pair retested a high at 0.73050 and is likely to soar to the highest level since February 07th with both RSI and ADX indices on a rise.

Trade suggestion

Buy Stop at 0.73100, Take profit at 0.73500, Stop loss at 0.72900



Natural Gas


After a wide gap up in early trade on Monday, natural gas price fell into a correction but soon sustained its bullish momentum to jump to as high as 38.2% Fibonacci retracement and send the market into the overbought. This level proved to be a firm resistance where the price had to reverse lower. However, the price is expected to edge higher to test another firm resistance at 3.0800.

Trade suggestion

Buy Stop at 3.0400, Take profit at 3.0800, Stop loss at 3.0200



COPPER


As can be seen from the price chart, copper has been trading sideways as the price fell into a consolidation after a sharp rise which helped the metal to test a significant level at 23.6% Fib. The price, however, has still been supported by the short-term MA20 and is anticipated to test the 23.6% Fib level again.

Trade suggestion

Buy Stop at 1.6200, Take profit at 1.6500, Stop loss at 1.6000



DAX 30 Index


Germany’s DAX 30 index once again had to retreat from a firm resistance at 12840.00 and is struggling with a couple of MAs. RSI index has fallen below 50, suggesting that the market has entered the bearish territory. Further declines may cause the stock benchmark index to retest the lower boundary.

Trade suggestion

Sell Stop at 12750.00, Take profit at 12700.00, Stop loss at 12775.00


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

Canadian Dollar Hits Two-month Highs Versus the Greenback as Crude Oil Jumps

Canadian dollar shot versus its American counterpart on Tuesday amidst rising crude oil prices while the greenback fell broadly against most of its peers, especially the Euro.

The commodity-linked currency Canadian dollar jumped to a two-week high at C$1.31850 per dollar, adding more than 0.4 percent on Tuesday as crude oil futures prices were on track for its fourth gain in a row. Indeed, while August West Texas Intermediate crude soared 2.3 percent, the Brent oil for August delivery climbed 2.6 percent in North American trading session.

The advance came on the back of forecasts anticipating that U.S. crude supplies would witness a weekly decline due to weather factors. The American Petroleum Institute is due to release its estimate for U.S. inventories later in the day while the U.S. Energy Information Administration is scheduled to publish the official data on Wednesday.

While the Loonie was supported by gains in crude oil prices, the dollar lost ground against most of its rivals. The Dollar Index, which measures of the strength of the greenback against a basket of six major rivals, shed more than 0.6% with the euro holding the largest weighting in the gauge.

Trade suggestion

Sell Stop at 1.31800, Take profit at 1.31400, Stop loss at 1.32000

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


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

Euro Jumps to Two-week Highs Versus Dollar Following Draghi’s Speech

The Euro experienced a sharp rise versus its American counterpart on Tuesday after European Central Bank President Mario Draghi claimed that growth is above trend and well distributed across the euro area.

The currency pair EURUSD jumped steeply more than 0.6 percent on Tuesday to reach a high of 1.12500 – the highest level since June 14th as the Euro was pushed higher by Draghi’s speech.

Speaking at the ECB’s central banking forum in Portugal, the ECB President argued that the central bank’s stimulus policies with negative interest rates had helped create jobs and reduce inequality in the euro zone, especially in Southern European countries where youth unemployment rates reach up to 45%.

Draghi also showed optimism over the euro zone’s economy, saying that there are clear signs of a “strengthening and broadening” recovery and those deflationary factors, which were weighing on the path of inflation, will soon be replaced by inflationary ones.

Later in the day, Federal Reserve Chair Janet Yellen is scheduled to make public appearance at the British Academy’s 2017 President’s Lecture in London. Traders will be looking for clues on changes in policy of the U.S. central bank given Yellen’s opinion on the U.S. economy after a recent batch of weak economic reports.

Besides Fed Chair Yellen, a pair of Fed policymakers are due to make public appearances on Tuesday which are Philadelphia Fed President Patrick Harker and Minneapolis Fed Chief Neel Kashkari.

Trade suggestion

Buy Stop at 1.12500, Take profit at 1.12900, Stop loss at 1.12300

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

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

GBP/JPY
FromGMT 14:35 27/06/2017
TillGMT 21:00 27/06/2017
Buy 143.100
Buy at 143.100
Take profit at 143.900
Stop loss at 142.700
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Re: Daily Market Research by Capital Street FX

Postby CSFX.Support » Wed Jun 28, 2017 5:58 pm

Daily Report on June 28, 2017



Asian shares were broadly lower on Wednesday, weighed down by losses in technology stocks. A slump in U.S. equities extended in Asian trading session, sending the MSCI's broadest index of Asia-Pacific shares outside Japan down 0.4 percent. Japan's Nikkei share average slipped 0.3 percent.

On Tuesday, the S&P 500 Index shed 0.8 percent - the most since May 17 while the NASDAQ Composite index lost 1.61% and the Dow Jones Industrial Average plunged by 0.46%. Shares of Alphabet were among top losers, shedding more than 2% after Google had been fined a record $2.7 billion by the EU for having violated antitrust rules. Shares of Facebook, Netflix, and Amazon closed more than 1.5% lower.

Meanwhile, the dollar lost ground versus most of its rivals amidst rising concerns over Trump administration following through with tax cuts and fiscal stimulus steps after the healthcare bill faced resistance from some of Republican senators and failed to be passed on Tuesday. The dollar index, which measures the greenback against a basket of six major currencies, lost more than 0.1 percent at 96.35, after shedding about 1 percent on Tuesday.

Crude oil futures prices extended their upward rally to a fifth session in a row, reversing higher from losses in early trade which came after a report by the American Petroleum Institute. The data which was released on Tuesday showed that U.S. crude inventories rose by 851,000 barrels in the week to June 23 to 509.5 million. By contrast, analysts expected a decrease of 2.6 million barrels.



Technicals

USDCHF




Under downward pressure from two MAs which are hanging above the price action, the pair USDCHF nose-dived on Tuesday and extended its down moves on Wednesday. The pair did not only break a firm support at 0.96700 but also fell below the seven-month lows at 0.96128 logged early June. Further declines are expected with a surging ADX index and RSI index plunging into the oversold zone.

Trade suggestion

Sell Stop at 0.96000, Take profit at 0.95500, Stop loss at 0.96200



EURGBP



The pair EURGBP has been tracing an uptrend with the support from both long-term MA50 and short-term MA20 which are lingering below the price action. The pair is facing a strong resistance at 0.88600 where it had to give up its bull run to reverse lower on June 12th. However, this stance is expected to be crossed over as buyers are dominating in the market, as indicated by rising ADX and RSI indices.

Trade suggestion

Buy Stop at 0.88600, Take profit at 0.89000, Stop loss at 0.88400



EURJPY




Euro jumped to the highest level since early April, 2016 after having broken out of a slopping downward trading range and crossed over a significant level at 50.0% Fibonacci retracement. The pair is struggling at a resistance at 127.300 after sending the market into the overbought zone. Nonetheless, the uptrend is anticipated to be extended, as can be seen in the ADX chart, the gap between +DI and –DI lines is widening.

Trade suggestion

Buy Stop at 127.400, Take profit at 128.200, Stop loss at 127.000



SP500



Sp500 index fell out of an uptrend on Tuesday when it broke out of an upward trend line which connects higher lows. The U.S. stock benchmark index dropped below a couple of MAs and fell to as low as 2420.00 – a firm support that has forced the index to reverse higher three times since June 09th. In the event of continual downtrend, another support at 2405.00 is within the sight.

Trade suggestion

Sell Stop at 2418.00, Take profit at 2405.00, Stop loss at 1225.00



DAX



Germany’s DAX 30 suffered a sharp daily loss on Tuesday. Steep down moves liberated the price action out of a slopping upward trading range which contained higher highs and higher lows. The index’s price action broke the lower boundary from below and is heading towards a support at 12500.00. While RSI is pointing downwards, ADX index is edging higher, indicating a strengthening bearish force in the market.

Trade suggestion

Sell Stop at 12590.00, Take profit at 12500.00, Stop loss at 12630.00



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

WTI Crude Oil Extends the Upward Rally to A Fifth Session Following EIA Data

U.S. crude oil prices extended their upward rally to a fifth session in a row on Wednesday with advances coming after a weekly report that showed U.S. domestic crude supplies rose less than previously reported by the American Petroleum Institute.

U.S. West Texas Intermediate crude for August delivery jumped more than 0.8 percent to trade around $44.60 per barrel on Wednesday after the U.S. Energy Information Administration published its official data that pointed to a rise of 100,000 barrels in U.S. crude inventories for the week ended June 23.

Although the result defied forecasts for a decline of 3.25 million barrels, it came in well below the increase of 851,000 barrels reported by the American Petroleum Institute on Tuesday.

Trade suggestion

Buy Stop at 44.60, Take profit at 45.60, Stop loss at 44.10

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


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

Gold Rallies For A The Second Day Amidst A Slump in Stock Markets While Dollar Remains Weak

Gold futures prices jumped a the second day on Wednesday amidst selloff in equity markets while the dollar remained weak against most of its peers after U.S. Senate Majority Leader Mitch McConnell delayed voting on a bill to repeal and replace Obamacare.

Gold for August delivery added more than 0.5 percent to trade around $1,252.85 an ounce in Asian trading session as investors rushed into safe-assets after technology and health-care shares weighed down the overall performance in Wall Street and continued to drag down indices in most of Asian markets.

On Tuesday, the S&P 500 Index shed 0.8 percent – the most since May 17 while the NASDAQ Composite index lost 1.61% and the Dow Jones Industrial Average plunged by 0.46%. Shares of Alphabet were among top losers, shedding more than 2% after Google had been fined a record $2.7 billion by the EU for having violated antitrust rules.

Meanwhile, the dollar lost ground versus most of its rivals amidst rising concerns over Trump administration following through with tax cuts and fiscal stimulus steps after the healthcare bill faced resistance from some of Republican senators and failed to be passed on Tuesday.

The dollar index, which measures the greenback against a basket of six major currencies, lost more than 0.1 percent at 96.35, after shedding about 1 percent on Tuesday. A weak dollar tends to make gold more affordable to buyers using other currencies.

Trade suggestion

Buy Stop at 1253.00, Take profit at 1258.00, Stop loss at 1251.00

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


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

CAD/JPY

From GMT 11:45 28/06/2017
Till GMT 21:00 28/06/2017

Buy at 85.700
Take profit at 86.100
Stop loss at 85.500
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Re: Daily Market Research by Capital Street FX

Postby CSFX.Support » Fri Jun 30, 2017 6:44 pm

Daily Report on June 30, 2017



Asian shares​ slumped on Friday, extending losses after dismal performances of European and U.S. markets. U.S. equities markets closed lower on Thursday, weighed down by a tumble in large-cap technology stocks which offset gains in banking and energy shares.​ At the close in NYSE, the Dow Jones Industrial Average dropped​ 0.78%, while the S&P 500 index​ shed​ 0.86%, and​ the NASDAQ Composite index declined​ 1.44%.

Trading in the same bearish sentiment,​ the MSCI's broadest index of Asia-Pacific shares outside Japan​ fell 0.7 percent. However, the benchmark index looked set to close​ the month 1.7 percent​ higher and the quarter 5.3 percent higher. Japan's Nikkei tumbled 1.1 percent, paring its monthly gain to 1.8 percent while heading to a quarterly increase of 5.8 percent.

The CSI 300 index lost​ 0.3 percent, while the Shanghai Composite slipped 0.2 percent even after China's factories grew at the quickest pace in three months in June. Spurred by strong new orders, the official manufacturing Purchasing Managers' Index (PMI) published by the National Bureau of Statistics edged higher to 51.7 in June from 51.2 in May. The index has surged for eleventh straight months.​

Hong Kong's Hang Seng index plunged by 1.1 percent while​ South Korea's KOSPI​ index lost 0.45 percent.​ Australian shares​ also traded lower,​ dropping​ 1.35 percent.​ Meanwhile, the Australian dollar reached a three-month high after​ data on​ Chinese factory activity exceeded market expectations and​ firmness in oil prices.​ The Australian dollar rose more than​ 0.2 percent to as high as $0.7712 at one point, its strongest level since March.



Technicals

EURCAD


EURCAD has been trapped in a shrinking trading range with lower highs and higher lows formed along the way. Under downward pressure exerted by two MAs, the pair is expected to break out of this range from above and may fall further to test a support at 1.48000. RSI index remained below 50, confirming the downtrend.​

Trade suggestion

Sell​ Stop at​ 1.48400, Take profit at​ 1.48000, Stop loss at​ 1.48600



BRENT


U.K. Brent crude prices​ gapped up on Friday and retested the previous session high at 47.900. The commodity is likely to trade higher, as indicated by rising RSI​ which has surged to as high as 66.42​ and ADX indices​ which has turned higher to 54.69.​ A resistance at 49.00 is within the sight.​

Trade suggestion

Buy Stop at​ 48.000, Take profit at​ 49.000, Stop loss at​ 47.500



Natural Gas



Natural gas futures prices retreated after having hit a firm resistance at 3.1100 and has fallen below both the short-term MA20 and a significant level at 38.2% Fibonacci retracement. A support at 2.9850 is within the sight with the RSI index plunging below 50, suggesting a strengthening bearish momentum.

Trade suggestion

Sell​ Stop at​ 3.0320, Take profit at​ 2.9850, Stop loss at​ 3.0550.



COPPER



Copper extended its upward rally on Friday following a gap up on Friday. The commodity price has been tracing an uptrend since June 21st​ which brought the price to the highest level since March 30th. The RSI index has jumped into the overbought market but the ADX kept rising with a widening gap between the +DI and –DI lines, which indicates further advances.

Trade suggestion

Buy Stop at​ 2.7050, Take profit at​ 2.7300, Stop loss at​ 2.6900



GOLD


As can be seen from the price chart, gold has been trading sideways in a range between a resistance at 1248.00 and a support at 1244.00 and has also been under downward pressure from two MAs hanging above the price action. RSI index is heading downwards, signaling further declines for the precious metal’s prices.

Trade suggestion

Sell​ Stop at​ 1244.00, Take profit at​ 1239.60, Stop loss at​ 1246.00



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

GBP/NZD


From GMT 09:45 30/06/2017
Till GMT 21:00 30/06/2017
Sell at 1.77000
Take profit at 1.76400
Stop loss at 1.77300

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

EUR/JPY

From GMT 16:05 30/06/2017
Till GMT 21:00 30/06/2017
Buy at 128.300
Take profit at 128.800
Stop loss at 128.100

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

Shares of Nike Jump Nearly 8% After Better-than-expected Earnings Report


Shares of Nike Inc. jumped nearly 8 percent in after-hours trading on Thursday after the sportswear giant reported fourth-quarter earnings that beat expectations and announced a program to sell sneakers through Amazon.com Inc.

Shares of Nike added 7.81% to trade around $57.32 after the closing bell as the company posted net income of $1.01 billion, or 60 cents per share, up from $846 million, or 49 cents per share that were recorded one year ago. The result was well above analysts’ forecast for earnings per share of 50 cents.

Nike reported revenue of $8.7 billion which topped both last year’s $8.2 billion and economists’ expectation calling for revenue of $8.6 billion.

Nike CEO Mark Parker on Thursday said that the company “a limited Nike product assortment” of footwear, apparel, and accessories would be sold on Amazon in an attempt to improve Nike’s presence on the e-commerce site.

Trade suggestion

Buy Stop at 57.35, Take profit at 58.00, Stop loss at 57.00

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Re: Daily Market Research by Capital Street FX

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Re: Daily Market Research by Capital Street FX

Postby CSFX.Support » Mon Jul 03, 2017 6:17 pm

Daily Report on July 03, 2017



Asian equity markets were mostly higher on Monday, boosted by firmness in oil prices which extended the longest winning streak of the year. With more shares advancing than declining, the MSCI Asia Pacific Index added less than 0.1 percent on Monday after having finished the second quarter with a gain of 5.2 percent.​

While​ Japan’s Topix index increased 0.3 percent​ and Hong Kong’s Hang Seng added 0.1 percent,​ South Korea’s Kospi index​ and Australia’s S&P/ASX 200 index slipped 0.3 percent and​ 0.1 percent,​ respectively. ​ The Shanghai Composite​ index​ was flat even after a private survey released on Monday showed​ China's manufacturing​ activity gauge pointed to an expansion in June.

Indeed, the Caixin/Markit Manufacturing Purchasing Managers' index (PMI) jumped to 50.4 in June, which was well above the 49.5 level forecast by analysts. The reading marked a comeback to a growth mood after dropping to 49.6 in May, the first contraction in 11 months.

Elsewhere, gauges for​ Australia's manufacturing and service sectors​ were reported to experience strong rises in June as upbeat demand encouraged more hiring and bolstered optimism over the economy’s outlook. The PMI index for manufacturing activity rose to a seasonally adjusted 56.2 in June, from 55.9 in May while the measure of services picked up to 57.0 last month, from 54.8 in May.

Crude oil prices held on gains on Monday following a seven-day rally by Friday. Data published by Baker Hughes showed U.S. oil rig count fell last week for the first time since early January. U.S. rigs drilling for oil was reported to decline by two to 756 rigs in the week ended on July 30th. This was only the second time the weekly oil-rig count fell this year.



Technicals​

USDJPY



The pair USDJPY gapped down at the open on Monday but failed to cross over a firm support at 38.2% Fibonacci retracement. With the support from two MAs which were lingering below the price action, the pair covered the gap and was edging higher, looking set to reach a resistance at 113.000. Both RSI and ADX indices are rising, confirming the uptrend.

Trade suggestion

Buy Stop at​ 112.600, Take profit at​ 113.000, Stop loss at​ 112.400



BRENT



Brent crude nearly hit a significant stance at 49.000 on Monday – the highest level since June 12. The market fell into a consolidation after a sharp jump sent the market into the overbought zone, as indicated by the RSI index. ADX retreated a little bit, indicating a weakening bullish momentum. However, buyers are expected to dominate the market again after taking some profits.​

Trade suggestion

Buy Stop at​ 49.000, Take profit at​ 50.000, Stop loss at​ 48.500



GOLD




Gold has been tracing a downtrend under downward pressure from two MAs hanging above the price action. The precious metal is likely to test a six-week low at $1235.00 an ounce and even may fall lower to the 38.2% Fibonacci level. While RSI is inching lower, ADX is rising with a widening gap between the –DI and +DI lines.

Trade suggestion

Sell​ Stop at​ 1237.00, Take profit at​ 1232.00, Stop loss at​ 1239.00



DAX 30 Index​




Germany’s DAX 30 index has been struggling with a support at 12366.00 since last Thursday after having fallen out of a slopping upward trading range. Following sharp down moves, the stock benchmark index fell into a consolidation. However, as can be seen from the RSI chart, the bear is dominating the market and is expected to send the price to as low as the 23.6% Fibonacci retracement.

Trade suggestion

Sell​ Stop at​ 12350.00, Take profit at​ 12240.00, Stop loss at​ 12400.00



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

Stocks of Energy and Financials Rally, Encountering Losses In Tech Shares


U.S. shares were mostly higher on Monday as a rally in energy and financials covered losses in tech shares. Besides, a private index on U.S. manufacturing activity, which was reported to rise to the highest level since mid-2014, boosted optimism over the U.S. economy and sent the U.S. stock market higher.

The stock benchmark index S&P500 advanced nearly 0.6 percent with nine out of eleven sectors trading on a positive note. Energy sector led gains, soaring more than 2.3 percent on Monday on the back of firmness in crude oil prices which extended their rally to an eighth session in a row. Meanwhile, financial sector was also on a sharp rise with shares of Morgan Stanley, JPMorgan Chase, Wells Fargo and Citgroup trading higher.

By contrast, tech and utility shares lagged behind. While the former lost 0.42 percent, the latter shed 0.32 percent.

Data released by the Institute for Supply Management (ISM) showed the gauge for domestic manufacturing activity advanced to 57.8 last month from May’s reading of 54.9. Spurred by the new orders index that rose to 63.5 in June from 59.5 a month earlier, the figure did not only top analysts’ forecast for an increase to just 55.2 but also marked the fastest growth pace in almost three years.

The New York Stock Exchange will be closed on Tuesday in the observation of the Independence Day.

Trade suggestion

Buy Stop at 2437.00, Take profit at 2445.00, Stop loss at 2433.00

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

Dollar Jumps to Nearly-two-month Highs versus Yen Following Factory Data


The dollar jumped more than 0.7 percent versus the Japanese Yen on Monday after a private index on domestic manufacturing activity, which was reported to rise to the highest level since mid-2014, boosted optimism over the U.S. economy and sent the U.S. stock market higher.

The pair USDJPY rocketed 0.74 percent to trade 133.22 in North American trading session. This was the highest rate since May 16th. The greenback was supported strongly by data released by the Institute for Supply Management (ISM) which showed the gauge for domestic manufacturing activity advanced to 57.8 last month from May’s reading of 54.9.

Spurred by the new orders index that rose to 63.5 in June from 59.5 a month earlier, the figure did not only top analysts’ forecast for an increase to just 55.2 but also marked the fastest growth pace in almost three years.

Meanwhile, the so-called safe-haven currency lost its attraction as equity markets kicked off July trade on a positive note. Indeed, led by firm gains in the energy and financials sector which soared at least 1 percent, the S&P 500 index advanced nearly 0.6 percent. The Dow Jones Industrial Average index and the Nasdaq Composite Index added 0.7 percent and 0.4 percent, respectively.

The New York Stock Exchange will be closed on Tuesday in the observation of the Independence Day.

Trade suggestion

Buy Stop at 113.300, Take profit at 113.800, Stop loss at 113.100

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

SILVER/


From GMT 10:00 03/07/2017
Till GMT 21:00 03/07/2017
Sell at 16.500
Take profit at 16.400
Stop loss at 16.550

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

EUR/CAD

From GMT 08:50 03/07/2017
Till GMT 21:00 03/07/2017
Sell at 1.47800
Take profit at 1.47300
Stop loss at 1.48000
Benefit from 0 Pips Spreads, 200% Bonus, 1:1000 Leverage, 100% Risk Free
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