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Forex Forum to Share, Discuss, Communicate and Trade Forex • Signals by Capital Street FX
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Re: Signals by Capital Street FX

PostPosted: Fri Jul 21, 2017 6:19 pm
by CSFX.Support

Daily Report on July 21, 2017




Asian shares pared their weekly gain on Friday with the MSCI's broadest index of Asia-Pacific shares outside Japan, which has gained about 5 percent in the past two weeks, retreating 0.2 percent in the last session of the week. Japanese shares also traded lower as the Yen gained ground versus a weak dollar. The Nikkei 225 slid 0.17 percent while the Topix index lost 0.3 percent

The South Korea’s Kospi index fluctuated, reversing earlier losses to gain 0.21 percent while other markets subdued. Hong Kong's Hang Seng Index declined 0.15 percent and the Shanghai Composite was off 0.21 percent. Australia’s S&P/ASX 200 Index even declined 0.5 percent. Only Shenzhen Composite gained 0.022 percent to trade just above the flat line.

The Australian dollar stumbled following a speech by Reserve Bank of Australia Deputy Governor Guy Debelle on Friday. The RBA Governor said that the central bank would not raise interest rates just because other central banks were doing so. The comments sent the Aussie 1 percent lower compared to a high of $0.7959 seen earlier in the session.

By contrast, the euro jumped to nearly two-year highs on Thursday on the back of comments from the chief of the European Central Bank. The ECB decided to hold its interest rates and asset purchases steady on Thursday. Mario Draghi, the head of the European Central Bank, said at a conference later in the day that tapering of the bank’s quantitative easing (QE) program will be on the table this autumn.



Technicals

USDCHF




USDCHF has been moving sideways after having fallen to as low as 0.95000 on Thursday. The pair has been under pressure from two MAs that are moving above the price action which may depress the price lower. RSI is at low level at 32.23, suggesting a dominating bullish force in the market. A support at 0.94600 is within the sight.

Trade suggestion

Sell Stop at 0.95000, Take profit at 0.94600, Stop loss at 0.95200



EURUSD




EURUSD rebounded from a period of consolidation in early trade. The Euro jumped to the highest level since August 21st, 2015, sending the market in the overbought zone. After the correction, the pair is expected to extend its uptrend to test a significant resistance at 1.17000 with support from two MAs lingering below the price action.

Trade suggestion

Buy Stop at 1.16500, Take profit at 1.17000, Stop loss at 1.16300



NZDUSD



NZDUSD broke out of a strong resistance at 0.73660 where the price had been retrained for one week. The pair jumped to the level has not been seen August 08, 2016 and is looking set to edge higher to the 100% Fibonacci retracement. While the RSI index is soaring, ADX index is witnessing a widening gap between +DI and –DI lines.

Trade suggestion

Buy Stop at 0.74300, Take profit at 0.74800, Stop loss at 0.74100



GOLD



Gold jumped above the 1244.00 level where it had failed to surpass since Tuesday. The precious metal has been supported by the short-term MA20 and is likely to trade higher. As can be seen from the indicator charts, both RSI and ADX indices are tracing higher. A resistance at 1253.00 is anticipated to be tested.

Trade suggestion

Buy Stop at 1247.00, Take profit at 1253.00, Stop loss at 1244.00



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

OPEC Supplies Reported to Rise in July, Crude Oil Futures Turn Lower


Crude oil futures prices reversed lower on Friday, looking set to set a loss on the week after a tanker-tracking firm reported supply from OPEC is rising.

West Texas Intermediate crude futures prices for September delivery dropped more than 2 percent to trade around $45.82 per barrel in the last trading session of the week. According to data released by PetroLogistics, OPEC’s July oil supply might rise by 145,000 barrels per day (bpd) compared to June.

With higher supply from Saudi Arabia, the United Arab Emirates (UAE) and Nigeria, the increase in crude oil may push production above 33 million barrels per day.

The Baker Hughes is scheduled to release its weekly data on U.S. oil rigs later in the day, which is expected to provide fresh hints on the outlook for U.S. crude production.

Trade suggestion

Sell Stop at 45.80, Take profit at 45.20, Stop loss at 46.00

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

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

Shares of Microsoft Reverse Gains After Low Expectation Clouds Upbeat Earnings Results


Shares of Microsoft Corp. rose as much as 4 percent in after-hours trading on Thursday after the technology company reported that it produced much better profit in its fiscal fourth quarter than expected. However, shares returned lower after Microsoft published guidance for the next quarter.

Shares of Microsoft hit an all-time intra-day high of $74.30 on Thursday in regular trading ahead of earnings results before closing at an all-time high of $74.22 per share. Microsoft reported net income of $6.5 billion, or 83 cents a share, on sales of $23.3 billion.

Adjusting for one-time items, the Redmond-based company claimed earnings of 98 cents a share on sales of $24.7 billion for the fourth quarter of its 2017 fiscal year, which ended on June 30. This was well above analysts’ expectations calling for earnings of 71 cents a share on sales of $24.3 billion.

However, for the first quarter of its 2018 fiscal year, which ends on September 30, Microsoft only expects revenue of $23.95 billion, based on the midpoint of its guidance which is in the range from $23.6 to $24.3 billion. Markets, meanwhile, forecast the company to reach $24.18 billion in sales in the September quarter.

Trade suggestion

Sell Stop at 74.00, Take profit at 73.00, Stop loss at 74.50

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

Re: Signals by Capital Street FX

PostPosted: Mon Jul 24, 2017 6:58 pm
by CSFX.Support
Daily Report on July 24, 2017



European shares edged lower on Monday, extending the selloff in global stock markets to second day. The pan-European STOXX 600 fell 0.1 percent in the morning session as gains in the heavyweight financials sector failed to counterbalance losses in autos and airlines sectors. Shares of the digital security company Gemalto plunged as much as 17 percent on Monday after it said that continued weakness in its SIM-card and U.S. payments operations would drag down profits.

Shares of carmakers were trading lower after European Union antitrust regulators announced that they were investigating allegations of a cartel in the industry. The autos index tumbled 1.8 percent to a seven-month low following the announcement with shares of Volkswagen, Peugeot, Daimler, Renault and BMW all shedding 1.2 to 2.5 percent.

Meanwhile, price war worries hurt airlines. Budget airline Ryanair was among top European loser after its shares dropping 4.7 percent. The Dublin-based airline reported a rise of 55 percent in profit of its fiscal first quarter but also warned that summer fares would face sharp cuts due to overcapacity. Shares of Ryanair’s rivals Wizz Air and EasyJet sank 2 to 3 percent, while those of Lufthansa dipped 1.1 percent.

The Euro retreated on Monday after data showed the Eurozone economy slowed in July. The single currency headed for its first decline in three days, halting the advance that saw it hit a two-year high logged last Thursday. According to data from Markit, composite Purchasing Managers Index for the Eurozone edged lower to 55.8 in July from 56.3 in June. That was below the 56.2 reading expected by economists.



Technicals

USDCHF



Fig: USDCHF H4 Technical Chart

USDCHF resumed its downtrend after rebounding from a support at 0.94500. The currency pair plunged to the lowest level since early May 2015, under downward pressure from two MAs that are hanging over the price action. Further down moves are anticipated even though the RSI index has dipped into the oversold zone, as ADX index is witnessing a widening distance between –DI and +DI lines.

Trade suggestion

Sell Stop at 0.94500, Take profit at 0.94000, Stop loss at 0.94700



GBPUSD



Fig: GBPUSD H4 Technical Chart

GBPUSD has been tracing an uptrend with the support from two moving averages that are hanging below the price action. The pair is heading upwards, looking set to retest a resistance at 0.31100 – the level at which the pair had to give up its bullish momentum on July 14th and 18th. RSI is soaring, confirming the uptrend.

Trade suggestion

Buy Stop at 0.30400, Take profit at 0.31100, Stop loss at 0.30100



GOLD



Fig: GOLD H4 Technical Chart

Gold jumped above a significant level at 23.6% Fibonacci retracement following a period of moving sideways below this level. The gold market has jumped into the overbought territory, as indicated by the RSI index which has soared to as high as 79.82. A reversal is expected.

Trade suggestion

Buy Stop at 1257.00, Take profit at 1263.00, Stop loss at 1254.00



DAX



Fig: DAX H4 Technical Chart

Germany’s DAX 30 index breached a significant level at 23.6% Fibonacci level on Monday after a short correction. Recent declines sent the market into the oversold zone, as indicated by the RSI index that has tumbled to as low as 23.17 and continues to head lower. However, ADX index extended its up moves with a widening gap between –DI and +DI lines. Further declines are expected.

Trade suggestion

Sell Stop at 12150.00, Take profit at 12000.00, Stop loss at 12220.00


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

GBP/AUD
From GMT 08:30 24/07/2017
Till GMT 21:00 24/07/2017

Sell at 1.63500
Take profit at 1.63000
Stop loss at 1.63700

Re: Signals by Capital Street FX

PostPosted: Tue Jul 25, 2017 6:09 pm
by CSFX.Support
Daily Report on July 25, 2017



European shares advanced while Asian stock markets were mixed on Tuesday. The MSCI Asia Pacific Index fluctuated near a 10-year high and Japan’s Topix index lost 0.3 percent. The Hang Seng Index was also little changed while the Shanghai Composite Index shed 0.2 percent. South Korea’s Kospi index also traded in negative zone, retreating 0.5 percent. By contrast, Australia’s S&P/ASX 200 Index added 0.7 percent.

Following three days of declines which dragged the index 1.6 percent lower, the Stoxx Europe 600 Index climbed 0.4 percent. The index was bolstered by gains in mining firms and banks. Germany's DAX 30 index added 0.1 percent, and the FTSE 100 index advanced 0.5 percent. Europe's tech sector also contributed to the uptrend after iPhone supplier AMS and computer peripherals and mobile speaker maker Logitech raised their mid-term revenue target.

According to data released by the Munich-based Ifo institute, German business confidence improved to an all-time high in July. The business climate index jumped to 116.0 this month, breaking the previous month's record at 115.2. Economists had expected the index to hit a reading of 114.9 in July.

Crude oil prices edged higher on Tuesday after Saudi Arabia promised to cap shipments next month to help ease a global glut. WTI crude gained 0.6 percent to $46.60 per barrel while Brent for September settlement climbed as much as 0.7 percent, to $48.96 a barrel on the London-based ICE Futures Europe exchange. During a speech at St. Petersburg, Russia on Monday, Energy and Industry Minister Khalid Al-Falih said that Saudi Arabia said it would trim shipments to 6.6 million barrels a day in August, 1 million lower than a year earlier.



Technicals

GBPNZD



Fig: GBPNZD H4 Technical Chart

GBPNZD rebounded higher after having been struggling around a level at 1.75300. The price action jumped above the short-term MA20 and looks set to attempt a resistance at 61.8% Fibonacci level. Further advances are expected with two indices on a rise.

Trade suggestion

Buy Stop at 1.75600, Take profit at 1.76400, Stop loss at 1.75200



COPPER



Fig: COPPER H4 Technical Chart

After having broken above a firm resistance at 2.7360 which had restrained the commodity from surging higher for nearly one week ending Tuesday, copper has been tracing a sharp uptrend which sent the market into the overbought zone. RSI and ADX indices keep soaring, indicating a strong uptrend in the market. A resistance at 0.0% Fibonacci level is within the sight.

Trade suggestion

Buy Stop at 2.7950, Take profit at 2.8200, Stop loss at 2.7880



WTI



Fig: WTI H4 Technical Chart

U.S. crude oil extended its up moves to a second trading session after having rebounded from as low as 45.500. The price action has crossed over both the short-term MA20 and the long-term MA50, confirming the uptrend. The RSI index has soared above 50 level while the ADX is on a rise with a widening gap between +DI and –DI lines, suggesting further advances.

Trade suggestion

Buy Stop at 46.800, Take profit at 47.700, Stop loss at 46.400



FTSE 100



Fig: FTSE 100 Index H4 Technical Chart

U.K.’s FTSE 100 index rebounded from a support at 7370.00 and is struggling at a dynamic resistance at the short-term MA20 after penetrating the long-term MA50 from below. The stock benchmark index is expected to head higher as the market has entered the bullish zone, as indicated by the RSI index. The ADX index also confirm the uptrend as the +DI line has converged with the –DI line from below.

Trade suggestion

Buy Stop at 7430.00, Take profit at 7500.00, Stop loss at 7400.00


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

Alphabet Shares Lose Gound due to Weak Performances of Google’s Key Metrics

Shares of Alphabet Inc. dropped nearly 3 percent on Monday in trading shortly after the parent company of Google released its second-quarter earnings report.

Alphabet’s shares lost as much as 2.94 percent to trade at $969.00 per share in after-hours trading after the company posted a plunge of 28 percent in GAAP profit due to a $2.74 billion fine that European antitrust regulators slapped on its Google unit.

On a GAAP basis, the company reported net income of $3.5 billion, or $5.01 per share, up from $4.9 billion, or $7 per share recorded in the same period last year. This was well above analysts’ expectations calling for earnings per share of $4.44. Revenue was reported to reach $26 billion in the three-month period ended June, up from $21.5 billion in the year-earlier period and beating forecast for total revenue of $25.6 billion

Besides the fine levied by the European Commission, Alphabet’s shares were dragged lower due to worse-than-expected performances of two key metrics: cost per click (CPC) and traffic acquisition costs (TAC).

Indeed, Google’s CPC – the amount advertisers are paying each time a user clicks on an ad served by Google- fell 23% in the quarter, compared with a drop of 7% in the same period a year ago. The decline in CPC was much higher than the 15% analysts expected as more search traffic came from mobile devices.

Meanwhile, Google’s TAC – the fees it pays to partner websites that run Google ads or services – increased to $5.09 billion, higher than analyst estimates of $4.75 billion and equivalent to 22% of advertising revenue.

Trade suggestion

Sell Stop at 969.00, Take profit at 960.00, Stop loss at 974.00

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

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

Shares of McDonald’s Rise Following Upbeat Q2 Earnings Results

Shares of McDonald’s Corp. jumped nearly 3 percent in premarket trading on Tuesday after the fast-food giant released its second-quarter earnings report that showed results beat forecast.

McDonald’s shares added 2.55% to trade at $155.74 per share after the Illinois-based company reported a better-than-expected increase in quarterly sales at established U.S. restaurants.

The fast food restaurant chain posted net income of $1.40 billion, or $1.70 per share, up from $1.09 billion, or $1.25 per share, for the same period last year. Revenue for the quarter was reported to reach $6.05 billion, down from $6.27 billion last year. However, both figures topped market’s expectations.

Global same-store sales rose 6.6%, the biggest increase in more than 5 years. Meanwhile, U.S. same-store sales (sales at U.S. restaurants open at least 13 months) rose 3.9%, beating forecast calling for a rise of 2.9%, according to FactSet.

Trade suggestion

Buy Stop at 156.00, Take profit at 160.00, Stop loss at 154.00

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

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

USD/JPY
From GMT 08:00 25/07/2017
Till GMT 21:00 25/07/2017

Buy at 111.300
Take profit at 111.800
Stop loss at 111.100

Re: Signals by Capital Street FX

PostPosted: Wed Jul 26, 2017 6:07 pm
by CSFX.Support
Daily Report on July 26, 2017



Supported by upbeat sentiment coming after U.S. equities hit records on Wall Street on Tuesday, Asian shares advanced on Wednesday with MSCI's broadest index of Asia-Pacific shares outside Japan edging 0.1 percent higher. The S&P 500 added 0.3 percent to climb to an all-time high overnight, boosted higher by better-than-expected earnings results from McDonald's and Caterpillar. The Dow Jones Industrial Average finished short of its record from July 19.

Japanese shares also jumped higher. In late-morning trades, the benchmark Nikkei 225 Index soared 0.67 percent to 20,089.64 after hitting a high of 20,116.00 earlier. Markets are awaiting the Federal Reserve's policy decision later in the day for fresh clues on the central bank’s tightening plans. The Fed is widely expected to keep interest rates unchanged.

According to data released by the Australian Bureau of Statistics on Wednesday, the country’s consumer prices unexpectedly advanced at a slower pace in the second quarter. Australia’s inflation gauges inched only 0.2 percent higher in the three-month period to June, missing forecast for a rise of 0.4 percent as lower oil prices dragged down the headline measure. On a yearly basis, CPI gained 1.9%, well below both forecast and RBA’s target of between 2-3% on average.

Crude oil price extended their upbeat moves on Wednesday, holding gains near eight-week highs hit in the previous session. As stated by the industry group the American Petroleum Institute, U.S. crude inventories fell by 10.2 million barrels in the week ending July 21 to 487 million. Analysts had expected a decrease of 2.6 million barrels. Official data will be published by the Energy Information Administration later in the day.



Technicals

AUDCAD



AUDCAD has broken below the 61.8 Fibonacci retracement, under pressure from two MAs that are hanging above the price action. The short-term MA20 has crossed over the long-term MA50, confirming the downtrend. The currency pair is forecast to trade lower to test a support at 0.98250 as RSI index is pointing to the oversold zone.

Trade suggestion

Sell Stop at 0.98800, Take profit at 0.98250, Stop loss at 0.99000



WTI



WTI crude prices surged strongly to hit the 23.6% Fibonacci level – the highest in nearly two months. The commodity is struggling at the significant level as the market has jumped into the overbought territory. However, with the ADX index that is still on a rise, the crude oil price is expected to trade higher to test a resistance at 49.400.

Trade suggestion

Buy Stop at 48.400, Take profit at 49.400, Stop loss at 48.000



SILVER



Silver has been tracing a downtrend since it failed to sustain its bullish momentum above the 61.8% Fibonacci retracement. The precious metal had been supported by a couple of MAs before breaching below these two dynamic supports. RSI index has fallen below 50, confirming the downtrend. Further declines are expected as ADX index is on a rise with widening gap between –DI and +DI lines.

Trade suggestion

Sell Stop at 16.360, Take profit at 16.230, Stop loss at 16.420



COPPER


Copper prices have been on a steep uptrend which has brought the market into the overbought zone, as indicated by the RSI index which is at as high as 83.74. The metal resumed its strong advances following a short consolidation at around 2.8400. The price surpassed a more-than-two-year high at 2.8200 and is anticipated to trade higher to attempt a resistance at 2.9300.

Trade suggestion

Buy Stop at 2.8900, Take profit at 2.9300, Stop loss at 2.8700


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

U.K. Shares Jump After Upbeat Earnings Reports, GDP In Line With Expectations


U.K. shares surged on Wednesday, supported by gains in companies that reaffirmed their rosy outlook and a weak British Pound that turned lower versus the greenback for the second day in a row.

The FTSE 100 index jumped more than 0.6 percent to trade around 7480.00. Shares of ITV and Compass Group PLC topped the market, soaring at least 2.6 percent after the releases of their earnings results. While the maker of “Downton Abbey” raised its dividend, the catering services company posted a rise in third-quarter revenue. Both companies backed their full-year expectations.

The overall performance was also supported by gains for energy and mining stocks. Crude oil held on gains after taking off on Tuesday, spurring gains in shares of Royal Dutch Shell PLC and BP., which gained more than 0.5% each.

With copper price jumping to the highest level since mid-May 2015, shares of Fresnillo climbed more than 0.7 percent, also boosted by its 2017 production guidance which showed higher silver and gold output for the second quarter. Shares of BHP PLC also traded higher, adding more than 0.8 percent.

The Office for National Statistics on Wednesday reported that Britain’s economy grew in line with expectations in the second quarter. Britain GDP was reported to rise 0.3% in the three months to June following a 0.2% growth in the first three months of the year. On a yearly basis, the economy expanded by 1.7% from 2.0% in the first quarter, in line with forecasts.

Trade suggestion

Buy Stop at 7480.00, Take profit at 7500.00, Stop loss at 7470.00

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

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

AT&T Shares Advance As Earnings Above Wall Street Forecasts


Shares of AT&T reversed higher in after-hours trading on Tuesday after closing the regular session down less than 0.1 percent as the telecommunications conglomerate reported Q2 earnings above Wall Street expectations.

AT&T shares jumped more than 2.7 percent to trade at $37.21 per shares after the telecommunications company said it earned $3.9 billion, or 63 cents a share, in the second quarter. That was well above the same quarter last year’s reading of $3.4 billion, or 55 cents a share.

Adjusted for one-time items, AT&T posted earnings of 79 cents a share, marking an advance compared with 72 cents a share recorded a year ago. Meanwhile, sales were reported to inch lower to $39.8 billion, from $40.5 billion in the year-ago quarter. However, the decline, which was due to weak performance in legacy wireline services and consumer mobility, was line in with forecast.

Trade suggestion

Buy Stop at 37.25, Take profit at 37.80, Stop loss at 37.00

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

Re: Signals by Capital Street FX

PostPosted: Thu Jul 27, 2017 6:16 pm
by CSFX.Support
Daily Report on July 27, 2017



Asian shares climbed to the highest level in nearly a decade on Thursday after U.S. indexes closed at all-time record highs in the previous session. Also supported by optimism about corporate earnings, the MSCI's broadest index of Asia-Pacific shares outside Japan jumped 0.5 percent to heights not seen since December 2007 after the Dow Jones Industrial Average rose above 21,700 for the first time on Wednesday.

A firmer Yen kept Japan's Nikkei flat. Meanwhile, both Japan’s Topix index and Australia’s S&P/ASX 200 Index added 0.3 percent. Upbeat earnings results rolled in with data from Samsung Electronics Co. and Nintendo Co. beating analysts’ estimates. In Hong Kong, the Hang Seng Index edged 0.2 percent higher, while the Shanghai Composite Index dropped 0.4 percent.

The U.S. dollar tumbled after the Federal Reserve left U.S. interest rates unchanged as widely expected but said that inflation remained persistently below its target. The dollar index, which measures the strength of the greenback versus a basket of six other major currencies, tumbled to a 13-month trough at 93.370. The central bank noted in its statement released late Wednesday that both overall and core inflation had declined. The Fed indicated that it would start winding down its massive holdings of bonds "relatively soon".

Crude oil prices retreated on Thursday following a three-day advance but lingered near 8-week highs on hopes that a steeper-than-expected decline in U.S. crude oil inventories will help ease concerns over a global oversupply. According to data released by the Energy Information Administration on Wednesday, U.S. crude stocks fell sharply by 7.2 million barrel last week. Thanks to the fact that refineries increased output and imports declined, last week’s decline in crude inventories was well above the 2.6 million barrel forecast.



Technicals



EURAUD




EURAUD rebounded lower from a resistance at 1.47600 and has brought its price action below both the short-term and long-term MAs. The price action has also breached a significant support at 38.2% Fibonacci level. The pair is expected to trade lower with the RSI index pointing lower which indicates a strengthening bearish force in the market.

Trade suggestion

Sell Stop at 1.45900, Take profit at 1.45400, Stop loss at 1.46100



GBPUSD



GBPUSD has breached a strong resistance at 1.31100 –the level it had to give up its bullish momentum in the first half of last week. The RSI index has jumped into the overbought territory while the ADX index continues to surge higher, indicating a strengthening bullish momentum in the market. A resistance at 1.32000 is within the sight.

Trade suggestion

Buy Stop at 1.31500, Take profit at 1.32000, Stop loss at 1.31300



GOLD



Gold has successfully broken out of a strong resistance at 23.6% Fibonacci retracement – a level that had forced the precious metal to trade sideways earlier this week. Gold price has been supported by two MAs that are lingering below the price action and is expected to trade higher to test another firm resistance at 1270.00.

Trade suggestion

Buy Stop at 1264.00, Take profit at 1270.00, Stop loss at 1261.00



WTI


U.S. crude oil prices have fallen into a period of moving sideways around the 23.6% Fibonacci level after surging to the highest level since June 01st on Wednesday. The commodity price looks set to edge higher with a market dominated by bullish momentum. ADX index is also on a rise, signaling upcoming advances.

Trade suggestion

Buy Stop at 48.700, Take profit at 49.500, Stop loss at 48.300

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

Impressive Q2 Earnings Report Boosts Facebook Shares More Than 3% Higher


Shares of Facebook Inc. jumped more than 3 percent in Wednesday’s after-hours session after the tech giant published its second-quarter earnings results that beat Wall Street expectations.

Facebook shares added 3.32 percent to trade around $171.10 per share after the social networking service based in Menlo Park, California reported net income of $3.89 billion, or $1.32 per share. The readings did not only top earnings of $2.28 billion, or 78 cents per share, in the year-earlier period but also beat consensus calling for earnings per share of $1.12.

Total revenue was reported to reach $9.3 billion, up from $6.4 billion in the year-earlier period and well above forecast for a rise to $9.2 billion. Facebook said the number of daily active users jumped 17% year-over-year to reach 1.32 billion, in line with forecast. Monthly active users also grew at rate of 17% on a yearly basis, to 2.01 billion.

Trade suggestion

Buy Stop at 171.20, Take profit at 173.00, Stop loss at 170.00

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

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

Procter & Gamble Shares Advance as Fiscal Q4 Earnings Results Beat


Shares of Procter & Gamble Co. gained nearly 1 percent on Thursday after the consumer goods corporation reported fiscal fourth-quarter earnings results that were above Wall Street expectations.

Procter & Gamble shares added 0.72 percent to trade at $89.945 as the Cincinnati, Ohio-based company posted net income for the quarter of $2.22 billion, or 82 cents per share, up from $1.95 billion, or 69 cents per share during the year earlier period. Adjusted for one-time items, earnings per share came in at 85 cents, well above analysts’ expectation for earnings of 78 cents.

Procter & Gamble reported revenue of $16.08 billion for the three-month period ending in June, down slightly compared with the $16. 10 billion in revenue recorded during the same quarter a year ago. However, the decline had been expected. Economists forecast revenue to decline to $16.02 billion during the quarter.

The company said that it forecast earnings to grow 5% to 7% in 2018.

Trade suggestion

Buy Stop at 90.00, Take profit at 92.00, Stop loss at 89.00

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

Re: Signals by Capital Street FX

PostPosted: Mon Jul 31, 2017 6:42 pm
by CSFX.Support
Daily Report on July 31, 2017



Asian shares reversed losses on Monday, turning positive following a lackluster start as supported by solid Chinese data. MSCI's broadest index of Asia-Pacific shares outside Japan rebounded higher from early downticks to rise 0.1 percent. Meanwhile, a firm Japanese Yen outweighed earnings that beat expectations from companies such as Hitachi Ltd. and TDK Corp., sending Japanese stocks lower.

The yen jumped more than 0.2 percent to trade at as high as 110.300 per dollar – the highest level since June 15, 2017 – in early trade. Japan’s Topix index swung between gains and losses while Japan's Nikkei fell 0.1 percent. South Korea’s Kospi index also traded in negative zone, losing 0.3 percent on the back of turmoil in the region. The US flew two supersonic B-1B bombers over the Korean peninsula in a show of force on Sunday after North Korea test-fired an intercontinental ballistic missile last Friday.

By contrast, Australia’s S&P/ASX 200 Index rose 0.3 percent. Chinese equities also edged higher. Hong Kong's Hang Seng index and Shanghai Composite index rose 0.6 percent and 0.2 percent, respectively. Published by the China Federation of Logistics and Purchasing on Monday, Chinese manufacturing PMI index slipped to 51.4 in July while services PMI index inched lower to 54.5 from 54.9 in June. However, both indices remained above the 50-point mark that separates growth from contraction on a monthly basis.

Crude oil prices extended their rally to a sixth trading session in a row, bolstered by a tightening U.S. crude market. According to data released by the U.S. Energy Information Administration last Wednesday, domestic oil production witnessed a modest fall of 19,000 barrels a day to 9.41 million barrels a day. Drilling for new U.S. production was also reported to decelerate, with just 10 rigs added in July, the fewest since May 2016.



Technicals



EURAUD


Fig: EURAUD H1 Technical Chart

EURAUD resumed its downtrend following a consolidation around 1.47100. The price action, which has been supported by the short-term MA20, has dropped below this dynamic, confirming the downtrend. The RSI is edging lower, the pair is expected to test a support at 1.46600.

Trade suggestion

Sell Stop at 1.47000, Take profit at 1.46600, Stop loss at 1.47200



NZDJPY



Fig: NZDJPY H4 Technical Chart

NZDJPY is facing a firm dynamic support at long-term MA50 after having gapped down in early trade. The market has fallen into the bearish zone, as indicated by the RSI index that has declined to as low as 44.43. The pair is likely to breach below the MA50 and may test a support at 82.300.

Trade suggestion

Sell Stop at 82.800, Take profit at 82.300, Stop loss at 83.000



WTI



Fig: WTI H4 Technical Chart

U.S. West Texas Intermediate (WTI) crude futures have been tracing a steady uptrend after having broken out of a period of moving sideways near a significant level at 23.6% Fibonacci retracement. The commodity is struggling at a firm resistance at 49.800 as the market has jumped into the overbought zone. However, with ADX index is soaring which indicates a strong bullish force in the market, the price is expected to edge higher.

Trade suggestion

Buy Stop at 49.900, Take profit at 50.800, Stop loss at 49.500



Natural gas



Fig: Natural Gas H4 Technical Chart

Natural gas’s futures prices gapped down sharply on Monday, sending the price action not only well below the short-term MA20 but also to a firm support at 2.8800 – the level it has failed to breach since July 10th. With RSI pointing lower and a rising ADX index, natural gas is anticipated to trade lower to test another strong support at 23.6% Fibonacci retracement.

Trade suggestion

Sell Stop at 2.8750, Take profit at 2.8400, Stop loss at 2.9000


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

U.S. Natural Gas Futures Tumble to Nearly Five-month Lows on Demand Concerns

U.S. natural gas futures dropped steeply on Monday, falling to the lowest level in almost five months as updated weather forecasts signaled lower demand for the fuel.

U.S. natural gas for September delivery tumbled by nearly 4 percent to trade at $2.819 per million British thermal units in North American trading session. The price plunged to the lowest since early March 2017.

According to market source, meteorologists forecast temperatures during the month of August to be near normal after a warmer-than-average June and July near-normal temperatures, which would turn down cooling demand over the next two weeks. Nearly 50% of all U.S. households use gas for cooling.

Analysts expect this week’s storage data scheduled to be published on Thursday will point to a build in a range between 17 and 27 billion cubic feet in the week ended July 28.

Trade suggestion

Sell Stop at 2.8160, Take profit at 2.7800, Stop loss at 2.8340

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

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

USD/CHF
FromGMT 09:00 31/07/2017
TillGMT 21:00 31/07/2017
Buy 0.97000
Buy at 0.97000
Take profit at 0.97500
Stop loss at 0.96800

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

EUR/NZD
FromGMT 14:00 31/07/2017
TillGMT 21:00 31/07/2017
Buy 1.57200
Buy at 1.57200
Take profit at 1.57800
Stop loss at 1.56900

Re: Signals by Capital Street FX

PostPosted: Tue Aug 01, 2017 5:17 pm
by CSFX.Support
Daily Report on August 01, 2017



Asian stock markets traded higher on Tuesday after the Dow Jones Industrial Average eked out a fresh record high on Wall Street in the previous session. The MSCI Asia Pacific Index jumped 0.7 percent in the first trading session of the new month after having advanced for a seventh month in July. Meanwhile, Japanese shares also advanced after upbeat corporate earnings results.

Japan’s Topix index rose 0.5 percent, supported by gains in banks’ equities after Sumitomo Mitsui Financial Group Inc. - the second largest bank in Japan by market value - reported a 31 percent increase in net income for the June quarter. Australia’s S&P/ASX 200 Index surged 0.7 percent while South Korea’s Kospi index soared sharply 1.1 percent.

The Hang Seng Index in Hong Kong and the Shanghai Composite Index climbed 0.8 percent and 0.4 percent, respectively. According to data released by Markit, the Caixin manufacturing PMI came in at 51.1, well above expectation calling for a reading of 50.4. Any level above 50 denotes expansion.

The Australian dollar tumbled to as low as 0.79943 after the Reserve Bank of Australia left its cash rate at 1.5 percent on Tuesday, as widely expected decision given policy makers. The central bank also said an appreciating exchange rate which witnessed the Aussie trading near nearly-two-year highs versus the dollar would result in a slower pick-up in economic activity and inflation than currently forecast.

Crude oil futures continued to trade higher on Monday with U.S. West Texas Intermediate (WTI) crude futures jumping above $50 per barrel for the first time since late May. Analysts anticipate U.S. crude oil inventories declined 2.9 million barrels in the past week.



Technicals

EURUSD




EURUSD rebounded higher following correction that came after the currency pair reached the highest level since May 01st. The market fell into the overbought zone, as indicated by the RSI index which is at as high as 71.79. However, the pair is expected to trade higher as the ADX index is pointing upwards, signaling further advances.

Trade suggestion

Buy Stop at 1.18300, Take profit at 1.19000, Stop loss at 1.18000



GBPUSD




GBPUSD is tracing a sharp uptrend after having surpassed a resistance at 1.31500. With upward support from two MAs that are lingering below the price action. Both ADX and RSI are on a rise, which indicates a strengthening bullish momentum in the market. The pair is anticipated to edge higher.

Trade suggestion

Buy Stop at 1.32300, Take profit at 1.32800, Stop loss at 1.32100



GBPCHF




GBPCHF has been struggling around the level at 1.27600 after having surged to the highest level since mid-May 2017. The pair is anticipated to attempt a significant resistance at 38.2% Fibonacci retracement. Both RSI and ADX are surging, confirming the uptrend.

Trade suggestion

Buy Stop at 1.27900, Take profit at 1.28600, Stop loss at 1.27600



BRENT




Brent crude futures prices retested a firm resistance at 52.600 again and are moving sideways above this significant level. The commodity price is expected to trade higher as the Brent crude market has been dominated by the sellers, as indicated by the RSI index which is at as high as 70.87.

Trade suggestion

Buy Stop at 52.900, Take profit at 53.700, Stop loss at 52.500


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

U.K. Shares Extend Gain, Bolstered by Impressive Earnings Results


U.K. shares jumped higher on Tuesday, extending their gains after closing July higher. The overall performance was supported by upbeat earnings reports from the oil major and the engine manufacturer such as BP PLC and Rolls-Royce Holdings PLC.

The FTSE 100 index soared more than 0.7 percent on Tuesday to trade at 7430.00 after having a July rise of 0.8%. Direct Line Insurance Group PLC led gains with shares sharply surging more than 7%. Shares of the motor insurance provider were boosted higher after the company posted a rise in first-half net profit to £275.5 million ($363.7 million) and raised its interim dividend.

Shares of BP PLC were among market leaders as the oil producer announced that it returned to profit in the second quarter of $553 million. While shares of BP PLC added nearly 3 percent, those of Rolls-Royce Holdings PLC took off nearly 10% after the aircraft engine maker reported a first-half net profit of £1.6 billion ($2.1 billion).

Trade suggestion

Buy Stop at 7430.00, Take profit at 7470.00, Stop loss at 7415.00

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

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

AUD/USD

From GMT 10:00 01/08/2017
Till GMT 21:00 01/08/2017

Sell at 0.79800
Take profit at 0.79400
Stop loss at 0.80000

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

CAD/JPY

From GMT 16:40 01/08/2017
Till GMT 21:00 01/08/2017

Sell at 87.900
Take profit at 87.400
Stop loss at 88.100

Re: Signals by Capital Street FX

PostPosted: Wed Aug 02, 2017 5:04 pm
by CSFX.Support
Daily Report on August 02, 2017



Asian shares advanced on Tuesday with gains in technology stocks offset losses in basic materials and energy. The MSCI's broadest index of Asia-Pacific shares outside Japan was steady near its highest since late 2007, helped by a jump of 0.8 percent in the MSCI tech index for Asia which was trading in territory not trod since early 2000. Impressive earnings result from tech giant was behind bullish sentiment in the sector.

Meanwhile, Japan's Nikkei rose 0.4 percent and Topix index gained 0.5 percent as Japanese yen lost ground versus most of its rivals. Hong Kong’s Hang Seng Index added 0.4 percent, while the Shanghai Composite Index was little changed. South Korea’s Kospi index also traded higher, advancing 0.2 percent. By contrast, Australia’s S&P/ASX 200 Index lost 0.4 percent.

Crude oil prices remained weak after having tumbled on Wednesday, depressed by a weekly report show U.S. fuel inventories rose last week. The American Petroleum Institute on Tuesday reported that U.S. crude stocks rose by 1.8 million barrels to 488.8 million in the week ending July 28 amid expectations calling for a draw of 3.2 million barrels. Official figures are due to be published by the U.S. Energy Information Administration (EIA) later in the day.

The New Zealand dollar was struck by data released by Statistics New Zealand early Wednesday which showed hiring declined unexpectedly in the country. The national unemployment rate was reported to hit a nine-year low at 4.8% in the June quarter. The reading was in line with market expectations and lower than the 4.9% rate reported in the previous quarter. However, employment dropped by 0.2% to 2.535 million people, missing forecasts for a rise of 0.7%.



Technicals

EURJPY




EURJPY successfully broke out of a firm resistance at 130.550 – the level that had restrained the currency pair from trading higher since July 11th. With upward support from two MAs which are lingering below the price action, the pair is expected to advance further. RSI and ADX indices which are on rise confirmed the uptrend.

Trade suggestion

Buy Stop at 131.100, Take profit at 131.500, Stop loss at 130.900



GBPNZD





GBPNZD surpassed a strong resistance at 1.77500 and is heading higher, attempting to test another significant resistance at 50.0% Fibonacci retracement. While RSI index has jumped into the overbought zone, the ADX is soaring steadily, signaling further advances for the currency pair.

Trade suggestion

Buy Stop at 0.78100, Take profit at 0.78900, Stop loss at 0.77700



GBPJPY


GBPJPY has broken out of a shrinking trading range which witnessed lower highs and higher lows formed along the way. A breakout from below suggests further advances with a resistance at 147.600 within the sight. RSI is heading towards the overbought zone, confirming the uptrend.

Trade suggestion

Buy Stop at 146.700, Take profit at 147.600, Stop loss at 146.300



FTSE 100 Index



FTSE 100 index retreated after having failed to surpass a firm resistance at 7430.00. The pair has also been under downward pressure, as indicated by lower highs formed along the way. The price action fell below a couple of MAs. With RSI falling below the level 50 while –DI line converging with +DI line, the stock benchmark index is anticipated to test a support at 7360.00.

Trade suggestion

Sell Stop at 7400.00, Take profit at 7360.00, Stop loss at 7420.00


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

Apple Shares Soar to Would-be-record-highs Levels After Earnings Beat


Shares of Apple Inc. rallied more than 6 percent in extended session on Tuesday after the tech giant announced stronger-than-expected quarterly earnings while its iPhone sales met expectations.

Apple shares jumped 6.3 percent in after-hours trading to trade at $159.50, which would be a fresh record high if maintained during regular trading. The California-based company reported fiscal third-quarter earnings of $8.72 billion, or $1.67 a share, well above $7.8 billion, or $1.42 a share, a year earlier. Analysts had expected earnings of $1.57 a share.

Apple posted revenue of $45.41 billion, up from $42.36 billion recorded one year ago and topping analysts’ estimate of $44.89 billion. Sales of iPhones were reported to reach 41.03 million, advancing from 40.4 million in the same period last year and beating expectations calling for sales of 41 million units.

The iPhone marker anticipates fiscal fourth-quarter revenue to hit a range of $49 billion to $52 billion.

Trade suggestion

Buy Stop at 159.00, Take profit at 161.00, Stop loss at 159.00

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

Gold Futures Advance After Weaker-than-expected U.S. Jobs Data


Gold futures prices held near seven-week highs on Wednesday, supported by a weaker U.S. dollar that traded lower after data showed fewer new jobs than expected were created in the United States in July.

Gold futures for September delivery advanced above $1270.00 per ounce in North American trading session after a report on ADP Nonfarm Employment Change showed a rise of 178K new nonfarm private employment jobs. However, the reading was short of the forecast of 187K and marked a decrease over June’s 191K.

The U.S. Labor Department will release its July nonfarm payrolls report on Friday which is expected to show jobs growth of 183,000 this month, following an increase of 222,000 in June. Unemployment rate is forecast to dip to 4.3% from 4.4% while average hourly earnings might have risen 0.3% after gaining 0.2% a month earlier.

Trade suggestion

Buy Stop at 1271.00, Take profit at 1277.00, Stop loss at 1268.00

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

GBP/AUD

From GMT 09:50 02/08/2017
Till GMT 21:00 02/08/2017

Buy at 1.66300
Take profit at 1.67000
Stop loss at 1.66000

Re: Signals by Capital Street FX

PostPosted: Thu Aug 03, 2017 4:23 pm
by CSFX.Support

Daily Report on August 03, 2017




Asian shares retreated on Thursday after having surged to the highest level in almost 10 years in the previous session. MSCI's broadest index of Asia-Pacific shares outside Japan lost 0.6 percent from its highest since December 2007, with losses led by South Korea's tech-heavy Kospi index. The Dow Jones Industrial Average topped the 22,000 mark for the first time on Wall Street on Wednesday on the back of sharp up moves in Apple shares following its earnings.

Leading the declines, South Korean shares dropped by the most since November after President Moon Jae-in announced plans to raise taxes on big corporations and high-earning individual. South Korean tech shares were also hit hard as shares of Samsung Electronics Co. - the largest weighting on the Kospi index – tumbled as much as 3.8 percent.

Japanese equities were also on a decline. Japan's Nikkei dropped 0.3 percent while Topix index dropped 0.1 percent. Australia’s S&P/ASX 200 Index lost 0.2 percent, Hong Kong’s Hang Seng Index also slid 0.2 percent and the Shanghai Composite Index shed 0.3 percent.

According to data released by Financial information firm IHS Markit Ltd., activity in the U.K.'s services sector grew faster in July from June's four-month low. U.K.’s services PMI rose to 53.8 in July from 53.4 a month earlier, slightly below the expectations of analysts calling for a reading of 53.9.



Technicals

AUDNZD




AUDNZD had been trapped between the short-term MA20 and the long-term MA50 before breaking out of the MA50 from above to trade lower. The price action also fell below a firm support at 50.0% Fibonacci retracement, indicating a strengthening bearish force formed in the market. RSI is pointing downwards, suggesting further declines.

Trade suggestion

Sell Stop at 1.06950, Take profit at 1.06600, Stop loss at 1.07100



GBPAUD




GBPAUD has been struggling around a resistance at 1.67000 after having soared to the highest level in more than two weeks in the previous session. With support from two MAs lingering below the price action, the currency pair is anticipated to edge higher to attempt a significant level at 50.0% Fibonacci retracement.

Trade suggestion

Buy Stop at 1.67100, Take profit at 1.67100, Stop loss at 1.66800



WTI



WTI has broken out of a period of trading sideways as the price action had faced a resistance at the short-term MA20. The commodity price is expected to trade higher, attempting to test a fixed resistance at 50.800 as the market is dominated by bullish force. RSI index has surged above 50, confirming the uptrend.

Trade suggestion

Buy Stop at 49.800, Take profit at 50.800, Stop loss at 49.300



SILVER




Silver has been tracing a downtrend under downward pressure from two moving averages which are hanging above the price action. The precious metal is expected to trade lower, possibly testing a support at 16.350 as the RSI index has fallen to as low as 40, which indicates a strengthening bearish momentum in the market.

Trade suggestion

Sell Stop at 16.450, Take profit at 16.350, Stop loss at 16.500


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

Shares of Tesla Jump Nearly 8% on Upbeat Earnings and Rising Delivery Forecasts


Shares of Tesla Inc. rose as high as 8 percent in late trade on Wednesday after the car market reported sales above Wall Street expectations and predicted increased Model S deliveries in the second half of 2017.

Tesla’s shares jumped as much as 7.45 percent to trade at $350.16 in after-hours trading after ending the regular session up 2%. Tesla reported that it lost $336.4 million or $2.04 a share in the second quarter, which was larger than a loss of $293.2 million, or $2.09 a share recorded one year ago.

However, adjusted for one-time items, Tesla lost only $1.33 a share, well below $1.61 a share a year ago and analysts’ expectation for a loss of $1.88 a share. Besides a narrower-than-expected second-quarter loss, the Silicon Valley car maker posted revenue of $2.8 billion, up from $1.3 billion a year ago and beating forecast of $2.52 billion in revenue.

Tesla claimed that Model S demand was increasing, and therefore, Model S and X deliveries are expected to rise in the second half of 2017.

Trade suggestion

Buy Stop at 350.20, Take profit at 360.00, Stop loss at 345.00

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

Sterling Tumbles After the BOE Holds Rates but Cuts Growth Rate Forecasts


The British pound slumped versus most of its rivals including the U.S. dollar after the Bank of England cut its U.K. growth outlook on expectation that Brexit will continue to take a toll on U.K. investment and growth.

Sterling pulled away from an 11-month high of 1.3266 hit earlier in the session and dropped more than 0.8 percent to $1.3111, heading for the biggest drop since June. The BOE left interest rates on hold at record lows of 0.25 percent after its monetary policy meeting on Thursday.

The central bank also cut its economic growth forecast for this year and next. Particularly, the BOE forecasts economic growth of 1.7 percent this year and 1.6 percent in 2018. These figures marked a decrease from previously expectations calling for growth rate of 1.9 percent in 2017 and 1.7 percent next year.

Trade suggestion

Sell Stop at 1.31200, Take profit at 1.30700, Stop loss at 1.31400

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

EUR/AUD

From GMT 15:30 03/08/2017
Till GMT 21:00 03/08/2017

Buy at 1.49600
Take profit at 1.50100
Stop loss at 1.49400

Re: Signals by Capital Street FX

PostPosted: Fri Aug 04, 2017 6:22 pm
by CSFX.Support

Daily Report on August 04, 2017




Asian shares were mixed on Friday following a technology-led drop on Wall Street in the previous session. MSCI's broadest index of Asia-Pacific shares outside Japan edged 0.2 percent higher, poised to climb 0.3 percent for the week. Meanwhile, Japanese stocks lost ground. Due to a strong yen, Japan’s Topix index slid 0.2 percent and Nikkei index dropped 0.3 percent. Both indices looked set to end the week little changed.

Overnight, while the Dow Jones Industrial Average edged up to a seventh straight record high, staying above the 22,000 level breached on Wednesday, the S&P and Nasdaq closed 0.2 percent and 0.35 percent lower respectively, weighed down by Amazon.com, Apple (NASDAQ:AAPL) and other top-shelf technology stocks. South Korea's KOSPI recovered 0.3 percent on Friday after having closed at a 3-1/2-week low on Thursday.

According to data released by the Australian Bureau of Statistics on Friday, Australian retail sales rose in June. Supported by a recent strong improvement in the country's job market, the country’s retail sales rose by 0.3% in June from May, above analysts’ expectation for a 0.2% rise for the months. On a quarterly basis, retail sales gained 1.5%, beating an expected up 1.2% on quarter gain.

Crude oil futures dipped on Friday after a report showed exports by the Organization of the Petroleum Exporting Countries (OPEC) rose to a record high in July. According to the data, OPEC’s crude oil exports jumped to 26.11 million barrels per day (bpd) last month, marking a rise of 370,000 bpd. Meanwhile, U.S. oil production reached the highest since August 2015 at 9.43 million bpd and up 12 percent from its most recent low in June last year.



Technicals

EURJPY


EURJPY rebounded from a strong support at 130.550 and is facing a dynamic resistance at the short-term MA20. The pair, with support from two MAs hanging below the price action, is expected to break out of this resistance and head higher to a level 131.350. RSI is at as high as 53.68, indicating a strengthening bullish force in the market.

Trade suggestion

Buy Stop at 130.850, Take profit at 131.350, Stop loss at 130.600



GBPCHF



The currency pair GBPUSD is likely to extend its down moves following a consolidation that came after a sharp drop from the 38.2% Fibonacci retracement. The price action has crossed over the short-term MA20 and is heading downwards to a support at 1.26400 where the long-term MA50 is also within the sight.

Trade suggestion

Sell Stop at 1.27100, Take profit at 1.26400, Stop loss at 1.27400



Natural Gas


Natural gas futures prices retreated after having failed to surpass a significant level at 23.6% Fibonacci retracement. Under downward pressure from two MAs, the commodity’s price is expected to trade lower, likely to breach a firm support at 2.7800 – the level that has restrained the price from falling since July 31st. Another strong support at 2.7270 is anticipated to be tested.

Trade suggestion

Sell Stop at 2.7720, Take profit at 2.7270, Stop loss at 2.950



SILVER


Silver has been tracing an uptrend after breaking out of a period of trading. The short-term MA20 has crossed over the long-term MA50 from below, suggesting a strengthening uptrend. While RSI index is soaring, ADX is also on a rise with a widening gap between +DI and -DI lines, signaling further advances for the precious metal.

Trade suggestion

Buy Stop at 16.730, Take profit at 16.850, Stop loss at 16.670

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

U.S. Dollar Takes Off After Impressive 209K Jobs Added in July, Sterling Tumbles


The U.S. dollar rallied on Friday after the Bureau of Labor Statistics released July jobs data that easily beat Wall Street expectations. The sharp surge of the greenback pushed the British Pound to the lowest level in more than one week.

The currency pair GBPUSD tumbled more than 0.7 percent to trade at $1.30400 – the lowest since July 26th – in North American trading session, looking set to close the week lower. The greenback was supported strongly after the highly-awaited report showed the country created 209,000 new jobs last month.

The reading topped Wall Street forecasts for 175,000 jobs to have been added in July. In total, the U.S. has created nearly 450,000 new jobs in the past two months, pushing the jobless rate back down to a 16-year low of 4.3% from 4.4% recorded in the previous month. On a monthly basis, pay rose 0.3% in July to an average of $26.36 an hour, remaining at the year-over-year growth rate of 2.5% as in the prior month.

Trade suggestion

Sell Stop at 1.30400, Take profit at 1.30000, Stop loss at 1.30600

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

Kraft Heinz Raises Q2 Dividend As Earnings Helped by Cost Cuts Amid Weak U.S. Sales


Shares of Kraft Heinz Co added more than 1% in after-market trading on Thursday after the food giant reported sales missed forecasts but adjusted earnings above Wall Street expectations.

Kraft Heinz’s shares edged 1.14% higher to trade at $87.50 in extended session after the food and beverage conglomerate posted net income of 1.16 billion, or 94 cents per share, in the latest quarter. This marked a rise of 50.5 percent compared with $770 million, or 63 cents a share, in the year-ago quarter.

Excluding certain items, the Chicago, Illinois – based company earned 98 cents a share in the quarter, up from 85 cents a share a year ago and 3 cents ahead of analysts’ average estimate.

Due to a decline in U.S. sales, which account for more than two-thirds of Kraft’s total revenue, the company’s revenue dropped 1.7 percent to $6.68 billion from $6.79 billion a year ago and missed analysts’ average estimate of $6.73 billion.

However, Kraft Heinz raised quarterly dividend to 62.5 cents a share from the prior quarterly dividend rate of 60 cents a share as the company kept a tight leash on costs. Selling, general and administrative expenses were reported to plunged by 15 percent to $760 million in the second quarter ended July 1.

Trade suggestion

Buy Stop at 87.50, Take profit at 89.00, Stop loss at 87.00

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

USD/JPY

From GMT 12:30 04/08/2017
Till GMT 21:00 04/08/2017

Buy at 110.600
Take profit at 111.000
Stop loss at 110.400