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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 » Wed Aug 30, 2017 6:35 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

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

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

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
 
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Re: Daily Market Research by Capital Street FX

Postby CSFX.Support » Thu Aug 31, 2017 6:20 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

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

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

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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CSFX.Support
 
Posts: 2146
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Re: Daily Market Research by Capital Street FX

Postby CSFX.Support » Tue Sep 05, 2017 6:00 pm

Daily Report on September 05, 2017



Global shares remained fragile in Asian and European trading session while U.S. stocks were poised to open lower on Tuesday, amid lingering unease over North Korean plans for a ballistic missile launch after the country conducted its sixth nuclear test on Sunday.

Whereas the Stoxx Europe 600 Index struggled for direction, the MSCI Asia Pacific Index was little changed after the close following a decline of 0.6 percent on Monday, which is the steepest drop since August 11th. U.S. markets reopened on Tuesday after having been closed for trade on Monday in observance of Labor Day.

Japan’s Topix index plunged 0.8 percent at the close as the Japanese Yen extended gains. South Korea’s Kospi index lost 0.1 percent and Hong Kong’s Hang Seng Index fluctuated. By contrast, Australia’s S&P/ASX 200 Index added 0.1 percent while with stock benchmark indexes in China and Singapore were in positive territories.

Futures on the S&P 500 Index sank 0.3 percent. The dollar retreated a little bit after a speech made by Fed Governor Lael Brainard. The Fed policymaker on Tuesday claimed that U.S. inflation is falling “well short” of target. Therefore, Brainard said that the central bank should be cautious about raising its interest rates further.



Technicals

USDCAD


USDCAD remained week, extending its downward rally following a period of consolidation. The pair tumbled to a low of 1.23390 last Friday – the lowest level since late-June 2016. The pair is likely to keep heading downwards as the bear is dominating in the market. Indeed, while the RSI index is pointing lower, ADX index is on a rise with a widening gap between the –DI and +DI lines.

Trade suggestion

Sell Stop at 1.23700, Take profit at 1.23000, Stop loss at 1.24000



USDJPY



USDJPY has been tracing a downtrend after rebounding from a strong resistance at 23.6% Fibonacci level. The price action crossed over both the short-term MA20 and the long-term MA50 from above, indicating a strong bearish momentum. RSI continued to edge lower, suggesting further declines for the currency pair. A support at 108.700 is forecast to be tested.

Trade suggestion

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



SILVER



As can be seen from the price chart, silver prices have been moving sideways to higher with support from two MAs that are lingering below the price action. The bullish momentum is strengthening in the market, as indicated by a rising RSI index which has soared to as high as 65.18. Further advances are anticipated with a resistance at 18.100 within the sight.

Trade suggestion

Buy Stop at 17.940, Take profit at 18.100, Stop loss at 17.860



Natural Gas




Natural Gas futures prices tumbled after having failed to surpass a significant resistance at 38.2% Fibonacci retracement. The commodity has sent its price action below the short-term MA20 and looks set to tick lower towards the long-term MA50. RSI index has dropped below the 50 level, suggesting a strengthening bearish force in the market.

Trade suggestion

Sell Stop at 2.9800, Take profit at 2.9400, Stop loss at 3.000



FTSE 100 Index



U.K.’s FTSE 100 Index reversed lower, sending its price action back below a couple of moving averages. The short-term MA20 has crossed over the long-term MA50 from above, confirming a reversal into a downtrend. The market has jumped into the bearish territory, as indicated by the RSI index that has plunged to as low as 40.56. Further declines are expected for the index.

Trade suggestion

Sell Stop at 7395.00, Take profit at 7370.00, Stop loss at 7405.00


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

New Zealand Dollar Takes Off versus the Greenback After GDT Auction Prices Tick Up


The New Zealand dollar traded sharply higher versus its American counterpart on Tuesday after reports showed prices in the latest Global Dairy Trade (GDT) auction in New Zealand advanced while new orders for U.S.-made goods recorded their biggest drop in nearly three years in July.

The Kiwi jumped more than 1.3 percent against the U.S. dollar in North American trading session on Tuesday to the highest level since August 30th. The price index reported an increase of 0.3% at the 5th sale of the 2017/18 season following a 0.4% decline at the previous sale.

Although whole Milk Powder prices fell 1.6% after having declined by 0.6% previously and Skim Milk Powder prices fell 1.2%, butter prices recorded an increase of 3.8% from the previous auction to just below the $6,000 per tonne.

Meanwhile, turning to the greenback, the Commerce Department reported that factory goods orders tumbled 3.3 percent in July amid a slump in demand for transportation equipment. While June’s data was revised upwards to show orders rising 3.2 percent, adding 0.2% from previously reported of 3.0 percent surge, July’s reading marked biggest drop since August 2014.

Trade suggestion

Buy Stop at 0.72500, Take profit at 0.72900 Stop loss at 0.72300

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

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

U.S. Shares Tumble on geopolitical tensions, Yen Gains Ground Against Euro


The Japanese Yen surged to a more-than-one-week high versus the euro on Tuesday as haven currencies like the yen and the Swiss franc sustained their steam following North Korea’s latest nuclear test.

The pair EURJPY plunged by 0.7 percent to trade at as low as 129.61 yen per euro in North American trading session on Tuesday – the lowest level since August 25th. The yen was supported as elevated geopolitical tensions on the Korean Peninsula sapped investors’ confidence in risky assets.

South Korea’s Defense Ministry on Monday reported that Pyongyang is making preparations for the possible launch of another intercontinental ballistic missile. The next weapons test is forecast to be processed around Sept. 9, when North Korea marks the anniversary of its foundation in 1948.

U.S. shares traded lower on Tuesday. The Nasdaq Composite Index lost more than 1.4%, the Dow Jones Industrial Average was down 1.08% and the S&P 500 shed 1.00%.

Trade suggestion

Sell Stop at 129.600, Take profit at 129.100 Stop loss at 129.800

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

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

EUR/NZD


From GMT 08:00 05/09/2017
Till GMT 21:00 05/09/2017

Sell at 1.65500
Take profit at 1.65000
Stop loss at 1.65750
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: Daily Market Research by Capital Street FX

Postby CSFX.Support » Wed Sep 06, 2017 6:50 pm

Daily Report on September 06, 2017



Asian shares declined on Wednesday, tracking Wall Street’s slide overnight amidst escalating tensions in the Korean Peninsula. Wall Street stocks closed lower with the Dow Jones Industrial Average shedding 1.07 percent, to 21,753.31, the Nasdaq Composite dropping 0.93 percent, to 6,375.57, and the S&P 500 losing 0.76 percent, to close at 2,457.85.

MSCI’s broadest index of Asia-Pacific shares outside Japan plunged 0.7 percent as investors shied away from risky assets due to concerns over a potential intercontinental ballistic missile launch by Pyongyang which is forecast to be processed around Sept. 9, when North Korea marks the anniversary of its foundation in 1948. Japanese Yen continued to gain ground versus its major peers, sending Japan's Nikkei to a four-month low after losing 0.3 percent.

Equities slid from Tokyo to Sydney with Australian stocks ticking 0.6 percent lower. South Korea's KOSPI index extended its downward rally to the fourth consecutive trading day, down 0.3 percent. While Shanghai dropped 0.4 percent, Hong Kong's Hang Seng retreated 1 percent. The S&P 500 contracts were little changed.

Tensions between North Korea and the U.S. escalated further after one of the country’s top diplomats on Tuesday said that Pyongyang is ready to send “more gift packages” to the United States. Meanwhile, the U.S., Russia, Japan and China are struggling for methods to pressure Kim Jong Un to abandon his nuclear ambitions. Whereas Japan backed the U.S., calling for additional measures against North Korea, Russian President Vladimir Putin rejected U.S. calls for more sanctions, echoing China’s resistance to more punitive measures.



Technicals

GBPNZD


As can be seen from the chart, the pair GBPNZD has been supported by two MAs that are hanging below the price action. The price is facing the short-term MA20 and is likely to surpass this dynamic resistance to trade higher. RSI index is tracing an uptrend which indicates a strengthening bullish momentum in the market.

Trade suggestion

Buy Stop at 1.80500, Take profit at 1.81200, Stop loss at 1.80200



WTI



U.S. crude prices resumed its up moves following a period of consolidation which came after the price action surpassed a significant level at 23.6% Fibonacci level. While the RSI index has jumped into the overbought zone, the ADX index continued to head higher with a widening distance between the +DI and –DI lines. Further advances are expected.

Trade suggestion

Buy Stop at 48.800, Take profit at 49.600, Stop loss at 48.400



Natural Gas



Natural Gas futures prices tumbled after having failed to surpass a significant resistance at 38.2% Fibonacci retracement. The commodity sent its price action below both the short-term MA20 and the long-term MA50. RSI index continued to point lower while ADX index is surging with a widening gap between the –DI and +DI lines, suggesting a strengthening bearish force in the market.

Trade suggestion

Sell Stop at 2.9550, Take profit at 2.9200, Stop loss at 2.7000



FTSE 100 Index


U.K.’s FTSE 100 Index extended its down moves on Wednesday, sending its prices lower below a couple of MAs. The market fell deeper in the bearish territory, as indicated by the RSI index that has plunged to as low as 36.19. Further declines are expected for the index with a strong support of 7290.00 within the sight.

Trade suggestion

Sell Stop at 7330.00, Take profit at 7290.00, Stop loss at 7350.00


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

Canadian Dollar Jumps to 27-month Highs Versus Dollar After BOC Hikes Rate


The Canadian dollar rose sharply against its American counterpart on Wednesday after the Bank of Canada unexpectedly raised interest rates by 25 basis points.

The pair USDCAD fell to as low as 1.21300 right after the rate hike report, which is the lowest level since mid-June 2015 before retreating a little bit. The pair lost 1.24% to trade at 1.22210 in morning trading session on Wednesday. The Bank of Canada raised its interest rate to 1% from 0.75% after its monetary policy meeting, marking its second rate hike this year after the first increase in July.

The central bank said that Canadian economy is becoming more broad-based and self-sustaining given supportive economic data, such as its second quarter GDP which was reported to beat expectations and narrowed trade deficit.

Trade suggestion

Sell Stop at 1.22100, Take profit at 1.22700 Stop loss at 1.22300

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

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

AUD/USD


From GMT 04:45 06/09/2017
Till GMT 21:00 06/09/2017

Sell at 0.79750
Take profit at 0.79350
Stop loss at 0.79950
Benefit from 0 Pips Spreads, 200% Bonus, 1:1000 Leverage, 100% Risk Free
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Posts: 2146
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Re: Daily Market Research by Capital Street FX

Postby CSFX.Support » Thu Sep 07, 2017 6:38 pm


Daily Report on September 07, 2017




Asian shares bounced back on Thursday after Wall Street equities rose in the previous session, supported by a U.S. deal where U.S. President Donald Trump and congressional leaders agreed to raise the government debt limit until December. MSCI's broadest index of Asia-Pacific shares outside Japan climbed 0.5 percent as the near-term risk of the U.S. government shutdown was eliminated.

Japan’s equities traded higher with the Topix index jumping 0.6 percent. The Japanese yen recovered a little bit to trade around 109.13 per dollar after falling as much as 0.4 percent on Wednesday. The Kospi index in South Korea and the Australia’s S&P/ASX 200 Index added 1 percent and 0.3 percent, respectively. Hong Kong’s Hang Seng Index gained 0.4 percent.

Market attention turns to the European Central Bank monetary policy meeting scheduled later in the day with no major policy changes expected. Investors are waiting for President Mario Draghi’s press conference which will be held 45 minutes after the announcement for fresh clues on the outlook for the the ECB’s bond-buying program.

Crude oil prices dipped in Asian morning trading session on Thursday. The American Petroleum Institute on Wednesday reported that U.S. crude oil inventories rose by 2.79 million barrels at the end of last week. Analysts had expected U.S. oil supplies to have added 4.0 million barrels. Due to Monday’s Labor Day holiday, the data was published a day later than usual. Official data from the U.S. Department of Energy will be released later in the day.



Technicals

USDJPY



As can be seen from the chart, the pair USDJPY’s price action failed to surpass a dynamic resistance at the short-term MA20. This MA20 crossed over the long-term MA50 from above, suggesting a dominating bearish force in the market. The RSI index is pointing downwards, which signals further declines for the currency pair.

Trade suggestion

Sell Stop at 109.000, Take profit at 108.500, Stop loss at 109.200



AUDCAD




AUDCAD resumed its down moves following a short correction that came after the pair tumbled to the lowest level since January 06th yesterday. With the RSI index trading at as low as 30.49 which indicates a dominating bearish force in the market, the pair is expected to trade lower to test a support at 0.97000.

Trade suggestion

Sell Stop at 0.97600, Take profit at 0.97000, Stop loss at 0.97900



EURJPY




EURJPY reversed lower after having failed to sustain its bullish momentum above the short-term MA20. The pair retreated under downward pressure from the long-term MA50 and is likely to extend its downtrend in an attempt to retest a support at 129.400. The RSI index remained lingering below the 50 level, showing an overwhelming bearish force in the market.

Trade suggestion

Sell Stop at 129.900, Take profit at 129.400, Stop loss at 130.100



Dow Jones




U.S. Dow Jones index gapped down on Thursday and continued to trade lower. The short-term MA20 has crossed over the long-term MA50 from above, suggesting a reversal into a downtrend. RSI index is heading downwards, indicating a strengthening bearish momentum in the market. A support at 21660.00 is within the sight.

Trade suggestion

Sell Stop at 21775.00, Take profit at 21660.00, Stop loss at 21830.00



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

Euro Breaks The $1.20 Level After ECB Keeps Rates Unchanged


The euro strengthened broadly versus its peers on Thursday after the European Central Bank left interest rates unchanged as widely expected. The pair EURUSD broke the $1.20 level.

The euro hit an intraday high of $1.2059 before retreating to $1.2010, up around 0.8 percent from $1.1917 late Wednesday in New York. The ECB Governing Council on Thursday kept its benchmark interest rate unchanged at 0%, repeating that it expects rates to remain at present levels for an “extended period. According to the central bank, the ECB will keep buying €60 billion a month at least through the end of December.

During the news conference following the decision, President Mario Draghi claimed that the market should expect consequences from the appreciation of the euro while saying that the central bank’s outlook for growth and inflation in the euro area remained “broadly unchanged” which means the ECB continued to take an optimistic view of the eurozone economy’s growth prospects.

Trade suggestion

Buy Stop at 1.20100, Take profit at 1.20500, Stop loss at 1.19900

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

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

GBP/NZD


From GMT 13:30 07/09/2017
Till GMT 21:00 07/09/2017

Buy at 1.81700
Take profit at 1.82500
Stop loss at 1.81300
Benefit from 0 Pips Spreads, 200% Bonus, 1:1000 Leverage, 100% Risk Free
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Posts: 2146
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Re: Daily Market Research by Capital Street FX

Postby CSFX.Support » Fri Sep 08, 2017 6:07 pm


Daily Report on September 08, 2017



Asian shares edged higher on Friday while the U.S. dollar tumbled to its weakest levels since the start of 2015 after the European Central Bank kept its rates unchanged while investors kept a wary eye on another U.S. storm which may cause potential economic damage to Florida after devastation in Texas caused by Hurricane Harvey.

The historically powerful Hurricane Irma remained an extremely dangerous Category 5 storm, the highest designation by the National Hurricane Center (NHC).

MSCI’s broadest index of Asia-Pacific shares outside Japan ticked 0.1 percent higher but looked set to close the week 0.2 percent lower. Pressured by a stronger yen, Japan's Nikkei stock index slipped 0.5 percent while the Topix index was little changed. South Korea’s Kospi index and Australia’s S&P/ASX 200 index lost 0.1 percent and 0.2 percent, respectively. By contrast, the Hang Seng Index advanced 0.5 percent in Hong Kong.

According to data released by the Customs General Administration of China, the country’s trade balance data narrowed in August, coming in at a surplus of $41.99 billion. Analysts had expected China’s trade surplus to widen to $48.5 billion in August from July’s $46.7 billion. China’s exports were reported to rise 5.5%, compared to a gain of 6.0% expected while imports remained robust with a jump of 13.3%.

Meanwhle, Japan’s Cabinet Office reported that domestic economy grew less than the government’s preliminary estimate in the second quarter. The reading for second-quarter economic growth rate was revised down to an annualized 2.5 percent from 4 percent, weaker than expectations for a revision to 2.9 percent.



Technicals

GBPJPY



GBPJPY has been tracing an uptrend after having rebounded from the significant level at 23.6% Fibonacci level. The price action has crossed over a couple of moving averages, indicating a strengthening bullish force in the market. RSI index has soared to as high as 57.75, which signals further advances for the currency pair.

Trade suggestion

Buy Stop at 142.200, Take profit at 142.650, Stop loss at 142.000



EURGBP



EURGBP retreated after having failed to surpass a couple of moving averages that are hanging above the price action. The prices has fallen below a support at 0.91343 and looked set to trade lower in an attempt to test another strong support at 0.90700. RSI index has plunged to 37.62, indicating a dominating bearish power in the market.

Trade suggestion

Sell Stop at 0.91150, Take profit at 0.90700, Stop loss at 0.91350



Natural Gas




Natural Gas futures prices extended its downward rally following a period of moving sideways around the level 2.9600. The commodity’s price action has been below both the short-term MA20 and the long-term MA50. RSI index continued to point lower while ADX index is surging with a widening gap between the –DI and +DI lines, suggesting a strengthening bearish force in the market.

Trade suggestion

Sell Stop at 2.9500, Take profit at 2.9200, Stop loss at 2.9750



Dow Jones 30




U.S. Dow Jones 30 Index failed to surpass a couple of moving averages, especially the short-term MA20 which forced the price action to reverse lower. The stock benchmark index retested the weakest level since September 05th and is likely to trade lower in an attempt to test a support at 21650.00. RSI index is heading downwards, confirming the downtrend.

Trade suggestion

Sell Stop at 21720.00, Take profit at 21650.00, Stop loss at 21750.00



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

Copper Futures Tumble After China’s August Copper Imports Hold Steady

Copper futures prices turned south on Friday, on track for their largest one-day decline in weeks. The metal’s prices were under pressure after data released earlier in the day showed Chinese copper imports were flat in August from the previous month.

Copper for November delivery tumbled by nearly 3 percent to trade at $3.0480 a pound on the Comex division of the New York Mercantile Exchange in the last trading session of the week. The contract was set to close the week lower, potentially halting the eight-straight-week streak of gains. That is the longest winning run since 2006.

According to data released by the Customs General Administration of China, China’s imports of copper and copper products came in at 390,000 tons, holding steady for a fourth month in August.

Trade suggestion

Sell Stop at 3.0480, Take profit at 3.0220, Stop loss at 3.0600

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

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

GBP/USD


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

Buy at 1.31500
Take profit at 1.32000
Stop loss at 1.31250
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Re: Daily Market Research by Capital Street FX

Postby CSFX.Support » Wed Sep 20, 2017 6:38 pm


Daily Report on September 20, 2017



Asian shares were steady on Wednesday even after U.S. stocks continued to set new record highs in the previous session. The U.S. dollar slipped lower against most of its peers as market participants were waiting for the conclusion of the Federal Reserve’s two-day meeting. At the close in NYSE, the Dow Jones Industrial Average climbed 0.18% to close at a new all-time high, the S&P 500 index added 0.11%, while the NASDAQ Composite index gained 0.10%.

MSCI’s broadest index of Asia-Pacific shares outside Japan inched less than 0.1 percent higher with Australia and Taiwan stocks lower after the close on Wednesday. At the close in Sydney, the S&P/ASX 200 lost 0.12%. Meanwhile Japan's Nikkei was roughly flat. By contrast, Shanghai’s SSE Composite Index rose 0.3 percent and Hong Kong's Hang Seng .HSI advanced by 0.2 percent.

The Federal Reserve is scheduled to reveal its monetary policy stance later in the day. Although the central bank is not expected to raise rate in its September meeting, fresh clues on the future path of the bank to raise rates are widely awaited. The Fed is also anticipated to provide details on unwinding part of the central bank’s $4.5 trillion balance sheet.

Crude oil futures climbed higher on Wednesday after having shed 0.9 percent in the previous session. The American Petroleum Institute on Tuesday reported that U.S. inventories expanded by 1.44 million barrels last week following a build of 6.18 million barrels in the preceding week. The reading was well below the 3.9-million-barrel increase projected by analysts. Official data released by the government is due to come out later in the day.



Technicals

NZDJPY


New Zealand dollar continued to trade higher versus its Japanese counterpart, heading to a fourth daily gain in a row. Recent surges sent the pair above a significant level at 23.6% Fibonacci retracement. While the RSI index has jumped into the overbought territory, the ADX index continued to rise with a widening gap between the +DI and –DI lines, which signals further advances for the pair.

Trade suggestion

Buy Stop at 82.100, Take profit at 82.500, Stop loss at 81.900



GBPAUD


GBPADU extended losses which came after the pair hit a strong resistance at 1.69850. The price action did not only tumbled below a significant level at 50.0% Fibonacci retracement but also crossed over the short-term MA20 from above, which indicates a reversal into a downtrend. As the RSI index has plunged to the negative territory, the pair is expected to trade lower to test a support at 38.2% Fibonacci level.

Trade suggestion

Sell Stop at 1.68100, Take profit at 1.67300, Stop loss at 1.68500



EURAUD



EURAUD resumed its downward rally following a short correction. The price action has breached both the short-term MA20 and the long-term MA50 which signals a reversal into a downtrend. RSI index has edged to as low as 43.43 – a level below 50 that suggests a strengthening bearish force in the market. A support at 23.6% Fibonacci retracement is within the sight.

Trade suggestion

Sell Stop at 1.49000, Take profit at 1.48500, Stop loss at 1.49200



AUDNZD



As can be seen from the chart, the pair AUDNZD has been under downward pressure exerted by two Mas that are hanging above the price action. The market has been dominated by sellers which are expected to send the pair lower to breach a significant level at 23.6% Fibonacci retracement. A support at 1.08800 is anticipated to be tested.

Trade suggestion

Sell Stop at 1.09250, Take profit at 1.08800, Stop loss at 1.09450



WTI


U.S. West Texas Intermediate crude prices have been trading in a range between a support at 49.200 and a resistance at 50.300 for nearly one week. The commodity gapped up on Wednesday and looks set to break out of this range from below. Two Mas are supporting for the price action. As the bull is still dominating in the market, crude oil price is expected to trade higher to test the level 51.000.

Trade suggestion

Buy Stop at 50.400, Take profit at 51.000, Stop loss at 50.100



GOLD



Gold has been tracing a steady uptrend which has brought its price action above both the short-term MA20 and the long-term MA50. Furthermore, the short-term MA20 has crossed over the long-term MA50, signaling a reversal into an uptrend. Both ADX and RSI indices are rising, indicating a strong bullish momentum in the market and suggesting further advances for the precious metal.

Trade suggestion

Buy Stop at 1316.00, Take profit at 1323.00, Stop loss at 1313.00




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

Earnings Hit by Cyber-attack and Hurricane Harvey, FedEx Shares Slip


Shares of FedEx Corp. reversed lower on Tuesday after having closed the regular trading session 0.5% higher. Shares were hit after the courier delivery services company reported fiscal first-quarter earnings below expectations.

FedEx’s shares lost nearly 1.4 percent in after-hours trading on Tuesday after the Memphis, Tennessee-based company cited a cyber-attack and Hurricane Harvey as causes for its plunge in earnings. FedEx reported earnings of $596 million, or $2.19 a share for the last quarter, down from $715 million, or $2.65 a share, in the year-ago period.

Adjusted for one-time items, FedEx posted EPS of $2.51, also down from $2.82 a share recorded a year ago. Meanwhile, revenue was reported to advance to $15.3 from 14.7 billion a year ago.

The logistics company said that its revenue was affected by the TNT Express cyber-attack, which offset results from higher base rates, while it had to bear more expenses from higher costs at FedEx Ground, higher tax rates, and the impact from Hurricane Harvey.

FedEx downgraded its 2018 adjusted fiscal-year earnings forecast from a previous range of $12.45 to $13.25 to a range of $11.05 to $11.85. This range is well below analysts’ forecast for earnings of $13.01 per share for the full year.

Trade suggestion

Sell Stop at 213.00, Take profit at 211.00, Stop loss at 214.00

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

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

Oil Futures Shrug Off Large Build in U.S. Inventories, On Course for Largest Q3 Gain in 13 Years


Crude oil futures prices surged strongly to the highest level in nearly four months on Wednesday even after the release of U.S. data that showed domestic stockpiles rose more than expected last week.

Contracts of West Texas Intermediate crude for November delivery advanced 1.8 percent to $50.79 a barrel, which is the strongest level since May 25th. Oil prices briefly softened on Wednesday after data from the U.S. Energy Information Administration Wednesday indicated that domestic crude supplies climbed by 4.6 million barrels for the week ended September 15.

The reading was well above analysts’ forecast calling for a rise of 2.4 million barrels while a report published by the American Petroleum Institute late Tuesday showed a build of 1.4 million barrels only.

Oil is heading towards its largest third-quarter gain in 13 years as prices were supported by comments from Iraqi oil minister who claimed that the Organization of the Petroleum Exporting Countries and its allies are extending or deepening output cuts in an attempt to reduce a global supply glut.

Speaking at an energy conference on Tuesday, Iraqi oil minister Jabar al-Luaibi said that OPEC and other producers are considering a range of options to help rebalance the crude oil market and prop up the price after the current agreement’s expiries in March. Crude oil prices have risen about 16 percent this quarter, on course for the strongest third-quarter performance since 2004.

Trade suggestion

Buy Stop at 50.750, Take profit at 51.250, Stop loss at 50.500

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

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

USD/CAD


From GMT 11:30 20/09/2017
Till GMT 21:00 20/09/2017

Sell at 1.22400
Take profit at 1.21600
Stop loss at 1.22800
Benefit from 0 Pips Spreads, 200% Bonus, 1:1000 Leverage, 100% Risk Free
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Re: Daily Market Research by Capital Street FX

Postby CSFX.Support » Thu Sep 21, 2017 6:08 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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Posts: 2146
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Re: Daily Market Research by Capital Street FX

Postby CSFX.Support » Fri Sep 22, 2017 6:34 pm

Daily Report on September 22, 2017



Asian stocks tumbled while European shares opened lower on Friday after the nine-day rally on Wall Street came to an end in the previous session. At the close in NYSE on Thursday, the Dow Jones Industrial Average dropped 0.24%, while the S&P 500 index shed 0.30%, and the NASDAQ Composite index shed, 0.52%. U.S. equities were dragged down by a selloff of in the tech sector with a slump in shares of Apple.

Meanwhile, global stock markets have been under pressure amidst escalating tensions on the Korean peninsula following comments from North Korea’s Foreign Minister Ri Yong Ho who on Friday reportedly said the North could consider a hydrogen bomb test on the Pacific Ocean of an unprecedented scale in respond to fresh sanctions from the U.S. and its allies.

Earlier, North Korean leader Kim Jong Un escalated a war of words with U.S. President Donald Trump, saying that Pyongyang will consider the “highest level of hard-line countermeasure in history” against the U.S. action to further isolate the nation.

MSCI’s broadest index of Asia-Pacific shares outside Japan lost 0.7 percent, pulling back from a decade high logged on Tuesday. South Korea's KOSPI index tumbled by 0.9 percent while Japan's Nikkei shed 0.4 percent as the Yen strengthened on the back of latest bout of geopolitical tensions. Futures on the S&P 500 Index retreated 0.3 percent after the underlying benchmark having dropped 0.3 percent on Thursday.

Hong Kong's Hang Seng slipped 0.8 percent and Shanghai Composite Index plunged by 0.5 percent after S&P Global Ratings on Friday said China’s attempts to reduce risks from its rapid buildup in debt are not working as quickly as expected while its credit growth is still too fast. S&P previously on Thursday downgraded China's long-term sovereign credit rating given increasing risks from its rapid debt build-up.



Technicals

USDJPY



The currency pair USDJPY rebounded from a significant level at 38.2% Fibonacci retracement where it also received support from the short-term MA20. The RSI index also reversed losses to continue moving upwards which indicating a dominating bullish force in the market. The pair is expected to test a resistance at 112.700.

Trade suggestion

Buy Stop at 112.100, Take profit at 112.700, Stop loss at 111.800



EURUSD




EURUSD rebounded from a firm support at 1.18700 and sent its price action above a couple of moving averages. The RSI index has soared to as high as 56.44, indicating the strengthening bullish momentum in the market. Meanwhile, the ADX index is also on a rise with a widening gap between the +DI and –DI lines, signaling further advances for the pair.

Trade suggestion

Buy Stop at 1.19800, Take profit at 1.20300, Stop loss at 1.19600



NZDJPY


NZDJPY rebounded from a support at 81.300 following a slump from as high as 82.700. The pair is retesting a resistance at 23.6% Fibonacci retracement after surpassing the short-term MA20 from below. The RSI index pulled back from the 50 line, suggesting a recovering bullish force in the market. The resistance at 82.700 is expected to be tested again.

Trade suggestion

Buy Stop at 81.900, Take profit at 82.700, Stop loss at 81.500



Natural gas


Natural Gas futures prices have fallen into a consolidation after having plunged sharply from a resistance at 3.0830. The price tumbled to the lowest level since September 12nd with recent losses sending the market into the oversold zone. Following the correction, the commodity’s price is expected to trade lower to test a firm support at 2.8800.

Trade suggestion

Sell Stop at 2.9500, Take profit at 2.8800, Stop loss at 2.9800



WTI



As can be seen from the chart, the U.S. West Texas Intermediate’s futures have been supported by a couple of moving averages, especially the short-term MA20. While the RSI index is ticking higher, the ADX index is resurging with the +DI line crossing over the –DI line, signaling further advances for the commodity’s prices.

Trade suggestion

Buy Stop at 50.800, Take profit at 51.500, Stop loss at 50.500



CAC 40 Index



France’s CAC 40 Index has been moving sideways to higher around the level 5274.00. The stock benchmark index gapped down at the open on Friday but soon recovered early losses. With the market dominated by bulls, as indicated by the RSI index that is lingering in the overbought zone, the price is anticipate to trade higher in an attempt to test a resistance at 5310.00.

Trade suggestion

Buy Stop at 5280.00, Take profit at 5310.00, Stop loss at 5265.00




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

Canadian Dollar Turns Lower after Core Retail Sales and Inflation Readings Miss Forecasts


The Canadian dollar declined versus its American counterpart after data on core retail sales and inflation rose less than forecast in August.
The pair USDCAD paired early losses to trade at 1.23089, recovering from as low as 1.22520. A report published by the Statistics Canada showed retail sales increased by 0.4% in August after a 0.1% advance in the prior month. The reading beat analysts’ expectations calling for a 0.1% gain.
However, the core reading was weaker than forecast. Indeed, core retail sales advanced only 2 percent in August. July’s figure was also revised downward to 0.4 percent from an initial 0.7% increase.
Canadian inflation also rose less than forecast in August, increasing only 0.1% from the previous month. The CPI index failed to reach forecasts for a 0.2% gain after a flat reading in July. On a yearly basis, CPI jumped 1.4% last month, lower than expectations for a 1.5% rise.

Trade suggestion

Buy Stop at 1.23100, Take profit at 1.23500, Stop loss at 1.22900

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

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

NZD/USD


From GMT 16:00 22/09/2017
Till GMT 21:00 22/09/2017

Buy at 0.73300
Take profit at 0.73700
Stop loss at 0.73100
Benefit from 0 Pips Spreads, 200% Bonus, 1:1000 Leverage, 100% Risk Free
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Re: Daily Market Research by Capital Street FX

Postby CSFX.Support » Mon Sep 25, 2017 6:32 pm

Daily Report on September 25th, 2017



European shares edged higher, helped by the weaker euro on Monday as market participants digested the outcome of the German general election held on Sunday. The Stoxx Europe 600 Index rose 0.1 percent and the Germany’s DAX Index added 0.1 percent to trade at the highest in more than 10 weeks.

The result pointed to a win for Chancellor Angela Merkel’s conservative alliance with a much smaller share of the vote. Angela Merkel won a fourth term as German chancellor but her conservative block only took 33 percent of the vote, down 8.5 points from the 2013 election. This was the lowest level since 1949, caused by Markel’s decision to allow 1 million migrants into Germany two years ago.

Meanwhile, the country’s main far-right party, Alternative for Germany, posted a surprisingly strong result, scoring 12.6 percent in the national election on Sunday. The AfG will be the first far-right party to enter the German parliament in more than half a century. Although Merkel’s party is still the biggest parliamentary bloc, she will have to build an uneasy coalition to form a government. The prospect of a potentially unstable coalition with the pro-business Free Democrats (FDP) and Greens weighed down the euro and stocks in the auto sector.

Several Federal Reserve speakers are scheduled to make public appearances on Monday including New York Fed President William Dudley and Chicago Fed President Charles Evans. Fed Chairwoman Janet Yellen and Fed Vice Chair Stanley Fischer are due to deliver speeches on Tuesday and Thursday, respectively.



Technicals

EURAUD



The pair EURAUD gapped down on Monday and continued to trade lower following a short correction. The price action has crossed over a couple of moving averages which confirmed a reversal into a downtrend. While the RSI index is heading downward, the ADX index is on a rise with a widening gap between the –DI and +DI lines, suggesting further declines for the pair.

Trade suggestion

Sell Stop at 1.49300, Take profit at 1.48700, Stop loss at 1.49600



USDCHF



Supported by two moving averages, especially the short-term MA20, the pair continued to track its upward rally after having surpassed a resistance at 0.96972. The price action is heading upwards in an attempt to reach a significant level at 38.2% Fibonacci level. Both ADX and RSI indices are on a rise, indicating a strengthening bullish momentum in the market.

Trade suggestion

Buy Stop at 0.97300, Take profit at 0.97800, Stop loss at 0.97100



EURJPY



EURJPT reversed lower from a firm resistance at 134.373 with recent down moves sending the market into the negative territory, as indicated by the RSI index that has plunged to as low as 43.18. The ADX index is on a strong rise with a widening gap between the –DI and –DI lines, which indicates a strengthening bearish momentum in the market.

Trade suggestion

Sell Stop at 133.000, Take profit at 132.200, Stop loss at 133.400



BRENT



Brent crude prices resumed its rally following a period of moving sideways. The commodity’s price has been supported by a couple of moving averages. Although the RSI index has jumped into the overbought zone, the ADX index is rising with a widening distance between the +DI and –DI lines. The pair is expected to test a resistance at 58.500.

Trade suggestion

Buy Stop at 57.400, Take profit at 58.500, Stop loss at 57.000



COPPER



As can be seen from the chart, copper prices have been under pressure exerted by two moving averages that are hanging above the price action. The commodity failed to sustain its bearish momentum below the 38.2% Fibonacci retracement but is likely to break this level again as the bear is still dominating on the market.

Trade suggestion

Sell Stop at 2.9300, Take profit at 2.8750, Stop loss at 2.9550



FTSE 100 Index



Supported by the short-term MA20, the price action reversed higher after having gapped down in early trade. The U.K.’s stock benchmark index recovered early losses with the bull still overwhelming in the market. RSI is at 51.97, in the positive zone that suggests further advances for the index. A resistance at 7350.00 is expected to be tested.

Trade suggestion

Buy Stop at 7300.00, Take profit at 7350.00, Stop loss at 7280.00




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

Brent Crude Jumps to Two-Year Highs on Rising Expectations of Fast-growing Demand

Brent crude rose to a more-than-two-year highs on Monday, supported by rising expectations that fast-growing demand would help erase a global glut. Meanwhile, a historic but non-binding referendum on independence of Iraqi Kurds is raising regional tensions and fears of instability which caused a threat to Iraqi Kurdistan’s crude exports.

Contracts for Brent crude for November delivery, the global benchmark, soared dramatically by 2.81% to trade at $58.500 a barrel on the ICE Futures Europe exchange. Brent oil has been supported by upward revisions to demand expectations. According to data published by the International Energy Agency earlier in September, its estimate for demand growth in 2017 was increased by 100,000 barrels a day to 1.6 million a day.

Meanwhile, the U.S. Energy Information Administration lowered its forecasts for 2017 and 2018 U.S. crude-oil production to average 9.25 million barrels per day in 2017, down 1% from the previous forecast.

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Euro Plunges After Markel’s Conservative Block Weakened by A Surge in Support for The Far Right.

The euro tumbled against major rivals on Monday as market participants digested the outcome of the German general election held on Sunday. The result pointed to a win for Chancellor Angela Merkel’s conservative alliance with a much smaller share of the vote.

The single currency gapped down versus the dollar in early trade, sending the pair EURUSD down more than 0.3 percent to trade at $1.19100. Angela Merkel won a fourth term as German chancellor but her conservative block only took 33 percent of the vote, down 8.5 points from the 2013 election. This was the lowest level since 1949, caused by Markel’s decision to allow 1 million migrants into Germany two years ago.

Meanwhile, the country’s main far-right party, Alternative for Germany, posted a surprisingly strong result, scoring 12.6 percent in the national election on Sunday. After having narrowly missing out on Bundestag seats four years ago, the AfG, with new leadership and a campaign focused on immigration, will be the first far-right party to enter the German parliament in more than half a century.

Although Merkel’s party is still the biggest parliamentary bloc, she will have to build an uneasy coalition to form a government. The prospect of a potentially unstable coalition with the pro-business Free Democrats (FDP) and Greens weighed down the euro and stocks in the auto sector.

Several Federal Reserve speakers are scheduled to make public appearances on Monday including New York Fed President William Dudley and Chicago Fed President Charles Evans. Fed Chairwoman Janet Yellen and Fed Vice Chair Stanley Fischer are due to deliver speeches on Tuesday and Thursday, respectively.

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USD/CAD

From GMT 06:20 25/09/2017
Till GMT 21:00 25/09/2017

Buy at 1.23600
Take profit at 1.24100
Stop loss at 1.23400
Benefit from 0 Pips Spreads, 200% Bonus, 1:1000 Leverage, 100% Risk Free
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