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Forex Forum to Share, Discuss, Communicate and Trade Forex • Signals by Capital Street FX
Page 69 of 70

Re: Signals by Capital Street FX

PostPosted: Fri Sep 22, 2017 6:38 pm
by CSFX.Support
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

Re: Signals by Capital Street FX

PostPosted: Wed Sep 27, 2017 6:22 pm
by CSFX.Support
Daily Report on September 27, 2017



European share prices advanced on Wednesday as President Donald Trump’s administration prepared to outline a new tax plan which was said to be a “very, very powerful document” that would cut taxes “tremendously” for the middle class. The Stoxx Europe 600 Index jumped 0.2 percent to hit the highest in almost 10 weeks.

Meanwhile, the U.K.’s FTSE 100 Index soared 0.4 percent to the strongest level in almost two weeks and Germany’s DAX Index rose 0.2 percent to the highest in almost 11 weeks. Futures on the S&P 500 Index gained 0.2 percent.

The greenback was supported strongly amidst mounting expectations that the U.S. Federal Reserve will raise interest rates for the third time at the end of this year. The Federal Reserve Chair Janet Yellen on Tuesday echoed her colleague - New York Federal Reserve President William Dudley’s comments that the central bank needs to continue gradual interest rate hikes despite uncertainty about the path of inflation.

While Dudley claimed that factors depressing inflation are "fading" and the U.S. economy's fundamentals are sound, Yellen said it would be "would be imprudent to keep monetary policy on hold until inflation is back to 2%," Following Yellen’s speech, the chance that the Fed will raise borrowing costs in December rose to 76 percent.

Crude oil futures were little changed Wednesday after the American Petroleum Institute on Tuesday reported U.S. crude stockpiles fell by 761,000 barrels for the week ended September 22nd. Weekly supply data from the U.S. government will be released later in the day. Markets forecast that the Energy Information Administration would report a climb of 1.3 million barrels in crude inventories.



Technicals

USDJPY



USDJPY extended its upward rally after having rebounded from the 38.2% Fibonacci retracement and crossed over the short-term MA20. The price action is facing another Fibonacci level at 50.0% and is expected to break out of this handle as the market has still been supported by buyers. The ADX index and the RSI index are both rising, indicating a strong bullish force in the market.

Trade suggestion

Buy Stop at 112.950, Take profit at 113.450, Stop loss at 112.750



EURUSD




EURUSD appears to experience a correction after hitting the lowest level since August 21st at 1.17300. Recent sharp down moves have sent the market into the oversold zone, as indicated by the RSI index that has plunged to as low 23.0098. However, ADX index is still on a rise, signaling further declines for the pair. A support at 1.16900 is anticipated to be tested.

Trade suggestion

Sell Stop at 1.17300, Take profit at 1.16900, Stop loss at 1.17500



GBPUSD


GBPUSD has been tracing a downtrend that has sent the pair to the weakest level since September 14th at 1.33800. The short-term MA20 has penetrated the long-term MA50 from above, confirming the reversal into a downtrend. Further declines are expected for the pair as the RSI index is pointing downwards. A support at 1.33000 is within the sight.

Trade suggestion

Sell Stop at 1.33800, Take profit at 1.33000, Stop loss at 1.34200



GBPAUD




GBPAUD has surpassed a significant level at 61.8% Fibonacci retracement after a period of times moving below this handle. With the support from two moving averages lingering below the price action, the pair is anticipated to sustain its rally and retest a one-and-a-half month highs at 1.71600. RSI index is heading upwards, confirming signals for further advances.

Trade suggestion

Buy Stop at 1.71000, Take profit at 1.71600, Stop loss at 1.70700



AUDNZD




Under pressure exerted by two moving averages that are hanging above the price action, the pair AUDUSD has tumbled below the 23.6% Fibonacci retracement. The pair looks set to test a firm support at 1.8400 as the market has been dominated by sellers. RSI index which is at as low 43.97 signals further declines for the pair.

Trade suggestion

Sell Stop at 1.08900, Take profit at 1.08400, Stop loss at 1.09100



DAX




DAX 30 index gapped up on Wednesday and has liberated from a period of moving sideways to rise to the highest level since mid-July. With the support from two moving averages that are moving below the price action, the stock benchmark index is expected to trade higher in an attempt to test a resistance at 12750.00. Both RSI and ADX indices are on a rise, suggesting further advances.

Trade suggestion

Buy Stop at 12680.00, Take profit at 12750.00, Stop loss at 12650.00



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

New Zealand Dollar Loses Ground Vs The Greenback After Yellen’s Speech, Markets Await RBNZ


New Zealand dollar tumbled for the third day in a row versus its American counterpart ahead of the RBNZ’s monetary policy meeting scheduled later in the day. The greenback was supported strongly amidst mounting expectations that the U.S. Federal Reserve will raise interest rates for the third time at the end of this year.

The Kiwi lost more than 0.2 percent to trade at 0.7192 dollar in European trading session. The Federal Reserve Chair Janet Yellen on Tuesday echoed her colleague – New York Federal Reserve President William Dudley’s comments that the central bank needs to continue gradual interest rate hikes despite uncertainty about the path of inflation.

While Dudley claimed that factors depressing inflation are “fading” and the U.S. economy’s fundamentals are sound, Yellen said it would be “would be imprudent to keep monetary policy on hold until inflation is back to 2%,”

Following Yellen’s speech, the chance that the Fed will raise borrowing costs in December rose to 76 percent. Later on Thursday, the Reserve Bank of New Zealand is due to hold a policy meeting and is expected to leave interest rates unchanged at 1.75%. However, investors will look for fresh hints on the bank’s future policy decisions.

Trade suggestion

Sell Stop at 0.71800, Take profit at 0.71400, Stop loss at 0.72000
Start Trading Forex, Indices, Commodities And Hundreds of Other Markets With Capital Street FX Now!

Re: Signals by Capital Street FX

PostPosted: Thu Sep 28, 2017 6:34 pm
by CSFX.Support
Daily Report on September 28, 2017



The Kiwi slipped on Thursday versus the greenback after the Reserve Bank of New Zealand on Wednesday kept its interest rates unchanged at 1.75% and commented that the central bank does not expect to raise interest rates in near future given the fact that the economic growth outlook weakens and inflation slows.

Meanwhile, the greenback was supported amidst hopes for an imminent tax reform plan in the U.S. as well as expectations for a December rate hike by the Federal Reserve. Upbeat data released on Wednesday on durable goods orders which showed a jump of 1.7% (versus forecast for 1% advance) following a 6.8% decrease also helped support the U.S. dollar.

Trump on Wednesday proposed the biggest U.S. tax overhaul in three decades which offers tax cut for most Americans. However, the proposal faced an uphill battle in the U.S. Congress and prompted criticism that the plan favors the rich and companies as well as could widen the U.S. budget deficit.

Crude oil futures rose on Thursday after Turkish President Tayyip Erdogan threatened to close Kurdistan region's oil pipeline. The comment came after Monday's referendum vote where Iraqi Kurdistan voted overwhelmingly in favor of independence. Erdogan also said that he could use military force to prevent the formation of an independent Kurdish state.

Meanwhile, data released by the Energy Information Administration on Wednesday showed crude oil inventories fell by 1.8 million barrels last week while gasoline stockpiles added 1.1 million barrels which marked the first increase in four weeks. Refiners raised output following Hurricane Harvey last month, pushing U.S. production to the highest level in over two years. The report also indicated that domestic crude production edged up by 0.4% to 9.55 million last week to the highest level since July 2015.



Technicals

AUDNZD



AUDNZD resumed its downtrend after a short correction which had sent the pair to as high as 1.08866. As can be seen from the chart, the pair has been under downward pressure exerted by two moving averages that are hanging above the price action. While the RSI index is heading downwards, the ADX index is ticking higher, suggesting further declines for the pair.

Trade suggestion

Sell Stop at 1.08500, Take profit at 1.08100, Stop loss at 1.08700



WTI


WTI crude prices tumbled from as high as 52.830 with recent down moves sending the price action below the short-term MA20. The pair is facing the long-term MA50 and is expected to break out of this dynamic support to test another firm handle at 50.300. The RSI index has plunged to as low as 46.17, indicating a strengthening bearish force in the market.

Trade suggestion

Sell Stop at 51.300, Take profit at 50.300, Stop loss at 51.800



Natural Gas



Natural Gas plunged following a period of moving averages with its price action slipping below a couple of moving averages. The prices broke out of a significant level at 38.2% Fibonacci retracement and is expected to cross over another strong support at 2.9965. The RSI index is at a low level at 38.83, showing an overwhelming bearish force in the market.

Trade suggestion

Sell Stop at 3.0000, Take profit at 2.9750, Stop loss at 3.0100



Dow Jones


U.S. Dow Jones rebounded from a support at 22285.00 after a period of moving sideways. Two moving averages have twisted with the price action. Further advances are anticipated as the price action has broken out of two MAs. While RSI index is ticking higher, while ADX index is witnessing a widening gap between the +DI and –DI lines.

Trade suggestion

Buy Stop at 22380.00, Take profit at 22450.00, Stop loss at 22350.00



S&P 500


S&P 500 index has been supported by a couple of moving averages that are lingering below the price action. The stock benchmark index is expected to trade higher in an attempt to break out of the current period of moving sideways. The RSI index is on a rise while the +DI and –DI are moving in different directions. The index is forecast to test a resistance at 2520.00.

Trade suggestion

Buy Stop at 2510.00, Take profit at 2520.00, Stop loss at 2505.00

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Supported by Upbeat Data and Trump’s Tax Proposal, U.S. Dollar Edges Higher vs NZ Dollar

The New Zealand dollar moved lower against its U.S. counterpart on Thursday, extending its downward rally to a fourth straight session in a row after the Reserve Bank of New Zealand left interest rates unchanged on Wednesday while U.S. President Donald Trump proposed the biggest U.S. tax overhaul in three decades.

The Kiwi slipped more than 0.2 percent on Thursday versus the greenback after the RBNZ kept its interest rates unchanged at 1.75% and commented that the central bank does not expect to raise interest rates in near future given the fact that the economic growth outlook weakens and inflation slows.

Meanwhile, the greenback was supported amidst hopes for an imminent tax reform plan in the U.S. as well as expectations for a December rate hike by the Federal Reserve. Upbeat data released on Wednesday on durable goods orders which showed a jump of 1.7% (versus forecast for 1% advance) following a 6.8% decrease also helped support the U.S. dollar.

Trade suggestion

Sell Stop at 0.71800, Take profit at 0.71400, Stop loss at 0.72000
Start Trading Forex, Indices, Commodities And Hundreds of Other Markets With Capital Street FX Now!

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

AUD/USD

FromGMT 11:00 28/09/2017
TillGMT 21:00 28/09/2017

Sell at 0.78100
Take profit at 0.78700
Stop loss at 0.78300

Re: Signals by Capital Street FX

PostPosted: Fri Sep 29, 2017 6:23 pm
by CSFX.Support
Daily Report for September 29, 2017



European shares advanced on Friday, on course for their best monthly gains this year after U.S. stock benchmark indices were at or near record highs in the previous session. In Asian trading session, MSCI’s broadest index of Asia-Pacific shares outside Japan jumped 0.4 percent, paring weekly losses to a 1.7 percent decline after falling for six days in a row.

The index recorded a gain of around 4.7 percent for the quarter, completing its third quarterly gain, the best run since the end of the first quarter 2013. Likewise, the pan-European STOXX 600 steadied at a two-month high while the Eurostoxx 50 index at a three-month top. Germany’s DAX 30 index and U.K.’s FTSE 100 Index both added 0.2 percent.

Among biggest movers on Friday, shares of Volkswagen AG led markets with shares shedding more than 3 percent after the German carmaker warned that its third-quarter operating result would be affected by a charge of around €2.5 billion ($2.94 billion) as a result of recalls in North America. Volkswagen is scheduled to publish third-quarter results on October 27.

Data released by the Japan’s Statistics Bureau, the country’s core inflation accelerated in August and extended the upward rally to an eighth straight month. Indeed, nationwide core consumer price index (CPI), which includes oil products but excludes volatile fresh food prices, was reported to advance 0.7 percent, in line with forecast following a 0.5 percent rise in July.

Meanwhile, Japan’s industrial production climbed 2.1 percent last month, beating an estimate of 1. 8 percent thanks to the fact that manufacturers of construction equipment, autos, and electronic parts produced more goods.



Technicals

AUDCAD



As can be seen from the price chart, the pair AUDCAD has been under downward pressure exerted by two moving averages hanging above the price action. The pair has breached a firm support at 0.97500 and is heading downwards in an attempt to retest another strong support at 0.97000. While RSI index is edging lower, ADX index is on a rise, signaling further declines.

Trade suggestion

Sell Stop at 0.97400, Take profit at 0.97000, Stop loss at 0.97600



GBPUSD


The pair GBPUSD has been depressed by two moving averages which are lingering above the price action, especially the short-term MA20. The pair once again surpassed a strong support at 1.33800 and is edging lower to attempt a level at 1.33000. While ADX index is rising with a widening gap between the –DI and +DI lines, RSI index is ticking down, indicating a strengthening bearish force.

Trade suggestion

Sell Stop at 1.33600, Take profit at 1.33000, Stop loss at 1.33900



AUDUSD



AUDUSD reversed lower after having hit a strong resistance at 38.2% Fibonacci retracement. The price is expected to trade lower under downward pressure from a couple of moving averages. The pair is anticipated to test a support at 0.77900 with the market dominated by sellers, as indicated by RSI index that has plunged to as low as 36.77.

Trade suggestion

Sell Stop at 0.78300, Take profit at 0.77900, Stop loss at 0.78500



GOLD



As can be seen from the chart, the price action has been depressed by a couple of moving averages, especially the short-term MA20. The RSI index reversed lower, remaining in the bearish zone, indicating a recovering bearish force in the market. The precious metal is expected to trade lower, likely to test a significant level at 61.8% Fibonacci retracement.

Trade suggestion

Sell Stop at 1286.00, Take profit at 1278.00, Stop loss at 1289.00



USDCAD


USDCAD rebounded from a dynamic support at the short-term MA20 after a period of moving sideways. The pair is anticipated to trade higher due to the fact the buyers are dominating in the market, as indicated by the RSI index that has edged up to as high as 62.00. A resistance at 1.25150 is anticipated to be tested.

Trade suggestion

Buy Stop at 1.24700, Take profit at 1.25150, Stop loss at 1.24500



DAX



Germany’s DAX 30 Index has been tracing an uptrend that has sent the stock benchmark index to the highest level since late June. The index is facing a strong resistance at 12750.00 but is expected to head higher. With both RSI and ADX index surging strongly which indicates a strengthening bullish force in the market, a resistance at 12830.00 is anticipated to be tested.

Trade suggestion

Buy Stop at 12750.00, Take profit at 12830.00, Stop loss at 12710.00



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

U.K. Stocks Soar to Two-week Highs As Sterling Declines Following Weaker-than-expected GDP Data

U.K. stocks jumped to highest level in more than two weeks on Friday, heading for a second straight weekly gain thanks to a weak British Pound that came after a worse-than-expected Q2 GDP data.

The benchmark FTSE 100 index soared dramatically nearly 0.6 percent to trade at 7,363.05 – the highest level since September 14th – with all sectors trading in the positive territory. The index looked set to close the week with a rise of 0.7 percent which would help to pare a monthly pullback to roughly 0.9%.

Sterling dropped 0.57 percent in European morning trading session versus the dollar after the Office for National Statistics reported the second-quarter gross domestic product that was revised lower. According to the report, the final reading of year-on-year growth slipped to 1.5%, down from a previous estimate of 1.7%.

A weak pound helps boost shares of multinational companies on the FTSE 100 due to the fact that their companies’ oversee earnings can be increased when converted back to sterling.

Trade suggestion

Buy Stop at 7365.00, Take profit at 7400.00, Stop loss at 7350.20
Start Trading Forex, Indices, Commodities And Hundreds of Other Markets With Capital Street FX Now!

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

Volkswagen AG Increases Provisions on Modifying Diesel Vehicles in U.S., Shares Slip

Shares of Volkswagen AG tumbled on Friday after the German car maker warned that its third-quarter operating result would be affected by higher costs associated with the repurchase of diesel cars in North America.

Volkswagen’s equities shed more than 2.3 percent in European trading session to trade at 140.50 euro per share following the announcement that the company added provisions of around 2.5 billion euros ($2.94 billion) to the already amount of around 20 billion euros spending on its diesel emissions scandal.

The German car maker said that settlements in North America proved to be “far more technically complex and time consuming” than expected which led to the increase in provisions as the company has to bear more costs from buyback and retrofitting programs for models fitted with its 2.01 TDI engine.

Volkswagen is scheduled to publish third-quarter results on October 27.

Trade suggestion

Sell Stop at 140.50, Take profit at 139.00, Stop loss at 141.20
Start Trading Forex, Indices, Commodities And Hundreds of Other Markets With Capital Street FX Now!

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

Nasdaq 100 Index/

From GMT 07:00 29/09/2017
Till GMT 21:00 29/09/2017

Buy at 5975.00
Take profit at 6000.00
Stop loss at 5965.00

Re: Signals by Capital Street FX

PostPosted: Mon Oct 02, 2017 6:43 pm
by CSFX.Support
Daily Report on October 02, 2017



Global shares advanced on Monday with U.S. stock benchmarks opening at all-time intraday highs. Investors shrugged off a mass shooting event in Las Vegas that is being described as the worst in U.S. history, boosting demand for risky assets such as stocks after all three U.S. equity benchmarks posted weekly, monthly and quarterly gains last Friday.

The S&P Index climbed more than 0.26 percent to hit a record intraday at 2,525.29, the Dow Jones Industrial Average soared 0.24 percent to trade at 22,451.22 - an all-time high level while the Nasdaq Composite Index also reached an intraday peak at 6,520.92, up 43 percent. European also traded higher with the Stoxx Europe 600 Index adding 0.2 percent to touch the highest in 14 weeks with its eighth consecutive advance.

Supported by a weaker euro, Germany’s DAX Index reached the highest in 15 weeks on its sixth consecutive advance after marching 0.2 percent higher. The single currency weakened in the wake of political turmoil in Spain where police beat people trying to vote in an independence referendum in Catalonia. The U.K.’s FTSE 100 Index gapped up and jumped 0.6 percent to the highest in a month on the back of a weak Sterling.

Crude oil futures tumbled on Monday after U.S. data showed a rise in domestic drilling while a Reuters survey indicated an increase in OPEC output last month. Baker Hughes on Friday reported that the number of active U.S. rigs drilling for oil rose by 6 to 750 last week, which marked the first increase in the last seven weeks. Meanwhile, a Reuters survey released on Friday showed the Organization of Petroleum Exporting Countries boosted output in September. The increase largely came from higher supplies from Iraq and Libya – an OPEC member exempt from cutting output.



Technicals

EURNZD



EURNZD has been under pressure exerted by a downward trading line that connects lower highs. The pair once again reversed lower after having hit this resistance and is moving lower towards a significant level at 23.6% Fibonacci retracement. While the RSI index is edging lower, the ADX index is experiencing a rise with a widening gap between the –DI and +DI lines, which indicates a strengthening bearish force in the market as well as signals further declines for the pair.

Trade suggestion

Sell Stop at 1.62800, Take profit at 1.61800, Stop loss at 1.63300



EURUSD



EURUSD continued to trade higher after having gapped down in early trade on Monday. The price action crossed over the short-term MA20 from above and is heading towards a firm support at 1.16900. The RSI index is pointing downwards while the ADX index is ticking higher, suggesting further declines for the currency pair.

Trade suggestion

Sell Stop at 1.17400, Take profit at 1.16900, Stop loss at 1.17600



CAC40




France’s CAC 40 index has been tracing a strong uptrend which has sent the pair to the highest level in about four months. With the support from both the short-term MA20 and the long-term MA50, the pair is expected to sustain its bullish momentum to trade higher. Both ADX and RSI index are on a steady rise, which signals further advances for the stock index.

Trade suggestion

Buy Stop at 5345.00, Take profit at 5370.00, Stop loss at 5335.00



COPPER




Copper’s prices once again had to retreat after having hit a firm resistance at 2.9900. This time, the price action has penetrated a couple of moving averages from above, which confirms a reversal into a downtrend. RSI index has slipped under the 50 level, showing an overwhelming bearish force in the market. A significant level at 38.2% Fibonacci retracement is anticipated to be tested.

Trade suggestion

Sell Stop at 2.9350, Take profit at 2.9050, Stop loss at 2.500



Natural Gas




Natural gas tumbled after having reversed lower from a significant level at 38.2% Fibonacci retracement. The commodity was also under pressure from a couple of moving averages. The commodity is expected to inch lower as the market has been dominated by sellers. Whereas the RSI index fell to as low as 30.17, ADX index is on a rise with the –DI and +DI lines moving in different directions. A support at 2.8700 is within the sight.

Trade suggestion

Sell Stop at 2.9100, Take profit at 2.8700, Stop loss at 2.9300



FTSE 100 Index



FTSE 100 index gapped up on Monday and successfully sustain its bullish momentum to reach the highest level since September 12nd. With support from two moving averages that are lingering below the price action, the stock benchmark index is expected to surge higher to test a resistance at 7460.00. Both ADX and RSI index are rising strongly, confirming the signal calling for further advances for the index.

Trade suggestion

Buy Stop at 7425.00, Take profit at 7460.00, Stop loss at 7410.00


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

Crude Oil Plunges After Increases in U.S. Drilling Rigs and OPEC Output


Crude oil futures tumbled on Monday after U.S. data showed a rise in domestic drilling while a Reuters survey indicated an increase in OPEC output last month.

Contracts of Brent crude for December delivery on the ICE Futures Exchange in London dropped 2.15 percent to trade at $55.59 per barrel – the lowest level since September 20th. Crude oil prices reversed lower after having notched a third-quarter gain of about 20 percent, which is the biggest third-quarter increase since 2004.

Baker Hughes on Friday reported that the number of active U.S. rigs drilling for oil rose by 6 to 750 last week, which marked the first increase in the last seven weeks.

Meanwhile, a Reuters survey released on Friday showed the Organization of Petroleum Exporting Countries boosted output in September. The increase largely came from higher supplies from Iraq and Libya – an OPEC member exempt from cutting output.

Trade suggestion

Sell Stop at 55.590, Take profit at 54.990, Stop loss at 55.640


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

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

U.S. Equities Set New Record Highs After Manufacturing Index Soars To Peak Since 2004


U.S. stock markets jumped to fresh record highs on Monday as bullish sentiment for risky assets was supported by optimism over U.S. President Donald Trump’s tax reform plan as well as a strong manufacturing index that surged dramatically to its highest level since 2004.

The S&P 500 gained 0.26 percent to hit a record intraday at 2,525.29. Only two out of eleven major sectors of the index were trading in negative territory. Leading the overall performance, the Health Care sector soared by 0.67 percent, followed by Financials sector that gained 0.67 percent.

The Institute for Supply Management (ISM) on Monday reported that its index of U.S. factory activity surged to a reading of 60.8 in September from 58.8 in August. The figure did not only easily beat forecast calling for a decline to a reading of 57.9, but also marked the highest reading since May 2004.

Trade suggestion

Buy Stop at 2,527.00, Take profit at 2535.00, Stop loss at 2523.00


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

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

GBP/USD


From GMT 17:30 02/10/2017
Till GMT 21:00 02/10/2017

Sell at 1.32600
Take profit at 1.32000
Stop loss at 1.32900

Re: Signals by Capital Street FX

PostPosted: Tue Oct 03, 2017 6:07 pm
by CSFX.Support
Daily Report on October 03, 2017



Tracking overnight strength on Wall Street, Asian shares were broadly stronger while European stocks opened higher on Tuesday. Stocks in Hong Kong and Japan led gains with Japan’s Nikkei 225 Stocks Average jumping 1.1 percent to the highest close since August 2015, while the Topix index climbing 0.7 percent. The Hang Seng China Enterprises gauge of mainland firms traded in Hong Kong reopened after a holiday on Monday, up 3.1 percent.

The Hang Seng Index soared 1.8 percent. Markets in China and South Korea are closed for the entire week. Stoxx Europe 600 opened 0.1% higher at 390.50 while France's CAC 40 index opened 0.2% higher at 5,362.82. Germany was closed for holiday while UK's FTSE 100 index edged 0.1 percent lower, led by a fall of more than 2 percent in shares of Bae Systems following a downgrade to hold at Berernberg.

The Aussie slipped more than 0.2 percent to trade at $0.7808 in early European trading session, heading for the seventh daily decline in the last nine trading days. As widely expected, the Reserve Bank of Australia kept its benchmark interest rate unchanged at a record-low 1.5%, where it has remained since August 2016.

The currency deepened declines versus major rivals after Governor Philip Lowe gave no indication that the central bank is prepared to hike rate anytime soon given high household debt and weak wages growth. Mr. Lowe also warned that the appreciation of the Aussie which recently traded near two-year highs may hold back both economic recovery and prospect of inflation moving towards the RBA’s goal target of 2 percent.





Technicals

GBPJPY




GBPJPY has been moving sideways above a firm support at 149.500. Under the downward pressure exerted by two moving averages that are hanging above the price action, the pair is expected to break out of this support to test another firm handle at 148.300. RSI index continue to trace down moves, whereas ADX index is witnessing –DI and +DI lines moving in different directions.

Trade suggestion

Sell Stop at 149.500, Take profit at 148.300, Stop loss at 150.00



USDJPY




Having been supported by a couple of moving averages that are lingering below the price action, the pair USDJPT rebounded after a period of moving sideways around a significant level at 50.0% Fibonacci retracement. The currency pair is forecast to sustain its bullish force to test a resistance at 113.600. RSI index is heading higher, confirming the signal.

Trade suggestion

Buy Stop at 113.200, Take profit at 113.600, Stop loss at 113.000



WTI



U.S. crude oil futures continued to trade lower after having been in a consolidation above a strong support at 50.300. The commodity appears to break out of this handle with the short-term MA20 crossing over the long-term MA50 from above, confirming a reversal into a downtrend. RSI index is ticking lower, suggesting further downbeat moves for the commodity.

Trade suggestion

Sell Stop at 50.200, Take profit at 49.300, Stop loss at 50.600



GOLD




Gold futures prices resumed its downtrend following a short correction at a one-and-a-half-month low logged yesterday. The precious metal has been depressed by a couple of moving averages that may send the price lower in an attempt to test a support at 1261.00. RSI is at as low as 32.13, indicating an overwhelming bearish force in the market.

Trade suggestion

Sell Stop at 1269.00, Take profit at 1261.00, Stop loss at 1273.00



Natural Gas



Natural Gas futures prices reversed lower following a correction that came after the commodity tumbled to a nearly-one-month low yesterday. Two moving averages are lingering above the price action with the short-term MA20 likely to penetrate the long-term MA50 from above. While the RSI index is heading downwards, the ADX index is on a rise with widening gap between –DI and +DI lines, suggesting further declines.

Trade suggestion

Sell Stop at 2.9050, Take profit at 2.8600, Stop loss at 2.9250



NASDAQ 100 Index



Nasdaq 100 index has been tracking a steady uptrend since it reversed higher from as low as 5840.00 logged late September. Two moving averages are lingering below the price action, supporting for the stock benchmark index. A resistance at 6010.00 is forecast to be tested given a market dominated by the buyers. RSI index is at as high as 62.17, confirming the signal.

Trade suggestion

Buy Stop at 5988.00, Take profit at 6010.00, Stop loss at 5977.00



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

Aussie Extends Downward Rally Versus U.S. Dollar After RBA Talks Down Rate-hike Prospects


Australian dollar continued to trade lower against its American counterpart on Tuesday after the nation’s central bank decided to leave its rate on hold. Meanwhile, the greenback has been supported amidst optimism that the Federal Reserve will raise rates at the end of this year.

The Aussie slipped more than 0.2 percent to trade at $0.7808 in early European trading session, heading for the seventh daily decline in the last nine trading days. As widely expected, the Reserve Bank of Australia kept its benchmark interest rate unchanged at a record-low 1.5%, where it has remained since August 2016.

The currency deepened declines versus major rivals after Governor Philip Lowe gave no indication that the central bank is prepared to hike rate anytime soon given high household debt and weak wages growth. Mr. Lowe also warned that the appreciation of the Aussie which recently traded near two-year highs may hold back both economic recovery and prospect of inflation moving towards the RBA’s goal target of 2 percent.

Whereas, the U.S. dollar extended its rally against its peers with the U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, up 0.13 percent to 93.75, its highest since August 17. Upbeat U.S. manufacturing data released on Monday, which indicated that U.S. of manufacturing activity climbed to a 13-month high of 60.8 in September, helped boost chances for a December rate hike by the Federal Reserve and the dollar.

Trade suggestion

Sell Stop at 0.77900, Take profit at 0.77500, Stop loss at 0.78100


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

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

Sterling Slips To Three-week Lows Vs Dollar After Construction PMI Drops Below 50


Sterling plunged to a nearly-three-week low versus the dollar on Tuesday after data showed activity in the UK construction sector in September contracted for the first time in 13 months.

The British pound extended its downward rally against its American counterpart to a third consecutive trading day, sending the pair GBPUSD down more than 0.2 percent to trade at $1.3249 – the weakest level since September 14th.

Financial data firm Markit on Tuesday reported that its construction purchasing managers’ index fell below the 50-point threshold that separates expansion from contraction for the first time since August 2016. Particularly, the index dropped to 48.1 in September from 51.1 in August, missing forecast calling for a reading of 51.1.

Moreover, Sterling has been under pressure after UK Trade Secretary Liam Fox warned that the UK will have no choice but to walk away if the country fails to make a trade deal with the European Union by March.

Trade suggestion

Sell Stop at 1.32400, Take profit at 1.32000, Stop loss at 1.32600


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

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

EUR/AUD


From GMT 09:00 03/10/2017
Till GMT 21:00 03/10/2017

Sell at 1.50300
Take profit at 1.50800
Stop loss at 1.50100

Re: Signals by Capital Street FX

PostPosted: Wed Oct 04, 2017 6:37 pm
by CSFX.Support
Daily Report on October 04, 2017



Asian shares traded higher on Wednesday, boosted by strong manufacturing activity across much of Asia, Europe and the United States which rose optimism about global growth. Meanwhile, Chinese central bank on Saturday freed up liquidity by cutting the amount of cash that some banks must hold as reserves for the first time since February 2016, helping support mainland financial stocks.

MSCI’s broadest index of Asia-Pacific shares outside Japan jumped 0.3 percent and extended its rally to a fourth straight day. Japanese and Hong Kong shares led Asian stocks higher with Japan's Nikkei soaring to a more than two-year peak while Hong Kong's Hang Seng Index climbing to a level not seen since May 2015. China and South Korea markets closed for week-long holidays.

The Stoxx Europe 600 Index added 0.1 percent to trade at the highest level in more than 15 weeks. The U.K.’s FTSE 100 Index advanced less than 0.1 percent but hovered near the highest in eight weeks. Germany’s DAX Index reversed lower after having risen 0.4 percent.

Crude oil futures remained weak on Wednesday after the American Petroleum Institute on Tuesday reported that U.S. crude supplies fell for a second week in a row but gasoline stockpiles rose 4.2 million barrels last week. Supply data from the Energy Information Administration will be released later in the day with analysts expecting a fall of 1.5 million barrels in crude inventories and a rise of 1.5 million barrels for gasoline.



Technicals

NZDUSD


NZDUSD reversed lower after having hit a significant level at 50.0% Fibonacci retracement. The pair was also depressed by a couple of moving averages which are hanging above the price action, especially the short-term MA20. RSI index is heading downwards, indicating a strengthening bullish force in the market. A support at 0.71250 is within the sight.

Trade suggestion

Sell Stop at 0.71650, Take profit at 0.71250, Stop loss at 0.71850



USDCHF


Having been supported by two moving averages that are lingering below the price action, the pair USDCHF is tracking an uptrend with higher lows and higher highs formed in the chart. RSI index reversed higher and kept moving in the positive territory, signaling further advances for the currency pair. A strong resistance at 38.2% Fibonacci retracement is expected to be tested.

Trade suggestion

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



NZDJPY



NZDJPY has been moving sideways above a significant level at 38.2% Fibonacci retracement. The pair has been under downward pressure exerted by a couple of moving averages that are hanging above the price action. As the market has been dominated by sellers, the pair is expected to breach this tough handle and trade lower to test a support at 80.300.

Trade suggestion

Sell Stop at 80.700, Take profit at 80.300, Stop loss at 80.900



BRENT


Brent crude price has been tracing a downtrend that has sent the commodity to the lowest level in the last two weeks. RSI remained at lows while ADX index is experiencing a rise with a widening gap between –DI and +DI lines. The commodity is anticipated to tick lower in an attempt to test a support at 54.800.

Trade suggestion

Sell Stop at 55.450, Take profit at 54.800, Stop loss at 55.650



GOLD



Gold reversed lower after hitting a dynamic resistance at the short-term MA20 as well as a firm handle at the 61.8% Fibonacci retracement. RSI index also retreated to the negative territory, suggesting a recovering bearish force. The precious metal is expected to extend its downtrend to retest a support at 1268.00.

Trade suggestion

Sell Stop at 1275.00, Take profit at 1268.00, Stop loss at 1278.00



COPPER



Copper edged lower following a period of consolidation. The price action crossed over the short-term MA20 and is facing the long-term MA50. RSI pointed downward to the oversold zone, which shows a bearish market. As a result, the commodity is forecast to breach this dynamic support to retest yesterday’s low at 2.9235.

Trade suggestion

Sell Stop at 2.9455, Take profit at 2.9235, Stop loss at 2.9565



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

EUR/AUD

From GMT 12:00 04/10/2017
Till GMT 21:00 04/10/2017

Sell at 1.49600
Take profit at 1.49100
Stop loss at 1.49800

Re: Signals by Capital Street FX

PostPosted: Thu Oct 05, 2017 6:30 pm
by CSFX.Support
Daily Report on October 05, 2017



U.S. shares jumped higher on Thursday to reach fresh record highs with the S&P 500 Index extended its upward rally to the longest streak since July 2013. U.S. stock markets’ bullish run were propelled by over U.S. tax reforms and data pointing to solid U.S. growth. The S&P 500 Index soared roughly 0.44 percent to trade at 2,548.89 with only two out of eleven major sectors trading in positive territory. Meanwhile, the Dow Jones Industrial Average and the Nasdaq Composite added 0.45% and 0.63%, respectively.

Financials led gains with a jump of 0.9 percent after Philadelphia Federal Reserve Bank President Patrick Harker on Thursday suggested one more rate hike this year and three next year. Upbeat data backed up the expectations of the Federal Reserve raising rates at the December meeting with initial jobless claims fell more than expected.

Upbeat U.S. data also support market participants’ sentiment. According to the reported published by the U.S. Department of Labor, unemployment claims dropped to 260,000 last week from a reading of 272,000 recorded in the preceding week and was better than analysts’ forecast calling for a figure of 266,000. Additional reports from the Bureau of Economic Analysis showed U.S. trade deficit for August narrowed to 42.4B from 43.7B in July.

Crude oil futures prices surged strongly on Thursday, with demand bolstered by a talk of an extension for an OPEC deal to cut output. Russian Energy Minister Alexander Novak on Thursday said that Russia would support new countries joining the agreement to restrict oil supply while President Vladimir Putin earlier this week claimed that a new pledge to trim production by OPEC and other producers could be extended to the end of 2018, instead of expiring in March 2018.



Technicals

GBPUSD



Under downward pressure exerted by a couple of moving averages that are hanging above the price action, the pair GBPUSD crossed over a strong support at the 23.6% Fibonacci retracement and is heading towards another firm support at 1.30600. ADX index continued to trace upbeat moves with a widening gap between the –DI and +DI lines, suggesting further declines for the pair.

Trade suggestion

Sell Stop at 1.31300, Take profit at 1.30600, Stop loss at 1.31600



AUDUSD


AUDUSD reversed lower after having failed to penetrate the long-term MA50 from below. The price action fell below both the short-term MA20 and the 38.2% Fibonacci retracement. The pair is facing a firm support at 0.77950 where it has failed to breach since late September. With the RSI index heading lower while ADX index on a rise, a breakout is expected. A support at 0.77550 is within the sight.

Trade suggestion

Sell Stop at 0.77950, Take profit at 0.77550, Stop loss at 0.78150



USDCAD


USDCAD rebounded higher from a period of consolidation and breached a strong resistance at 1.25400 – the highest level since late-August. Further advances are anticipated for the pair as both ADX and RSI index are soaring which showed a strengthening an overwhelming bullish momentum in the market. A resistance at 1.26300 is within the sight.

Trade suggestion

Buy Stop at 1.25700, Take profit at 1.26300, Stop loss at 1.25400



COPPER



Copper has been tracking a dramatically strong uptrend that did not only help the commodity to break out of a firm handle at 2.9900 but also support the price to breach a significant level at the 23.6% Fibonacci retracement. Although the RSI index has jumped to the overbought index which signals a correction in the near future, ADX index keeps heading higher which encourages the commodity to test a resistance at 3.0750.

Trade suggestion

Buy Stop at 3.0450, Take profit at 3.0750, Stop loss at 3.0300



GOLD


Gold reversed lower on the back of a hit with the 61.8% Fibonacci retracement. The price action breached the short-term MA20 after a period of being supported by this dynamic support. The precious metal is heading downwards to a support at 1266.00 with the market dominated by sellers, as indicated by RSI index which has pointed to as low as 41.0375.

Trade suggestion

Sell Stop at 1272.00, Take profit at 1266.00, Stop loss at 1275.00



Dow Jones


Dow Jones index has been supported by a couple of moving averages that are lingering below the price action that helped the stock benchmark index soar higher after a period of moving sideways. Both RSI and ADX are surging, indicating a strengthening bullish force in the market. A resistance at 22850.00 is forecast to be tested.

Trade suggestion

Buy Stop at 22750.00, Take profit at 22850.00, Stop loss at 22700.00



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

Euro To Break the 1.1700 Handle as Political Turmoil Persists, Dollar Supported by Rate Hike Prospects

The euro reversed lower against the greenback on Thursday after two days of closing higher in a row. While the single currency was fragile amidst rising political turmoil and pessimism over possibility of the European Central bank tapering its bond-buying program, the U.S. dollar has been boosted by upbeat domestic data and hawkish comments from Fed officials.

The euro lost 0.45 percent versus its American counterpart on Thursday, sending the pair back down to near the benchmark level 1.17000 where it reversed higher on September 03rd. The single currency lost ground following the release of the minutes of the European Central Bank’s September meeting which showed that policy makers remained concerned over the euro’s volatility. The minutes reduced expectations that the ECB will begin reducing its quantitative easing program after its October meeting.

Whereas, after the regional government of Catalonia on Wednesday announced that they would declare independence from Spain on Monday, further depressing the currency.

The dollar, on the other hand, was supported strongly after Philadelphia Federal Reserve Bank President Patrick Harker on Thursday suggested one more rate hike this year and three next year. Upbeat data backed up the expectations of the Federal Reserve raising rates at the December meeting with initial jobless claims fell more than expected.

According to the reported published by the U.S. Department of Labor, unemployment claims dropped to 260,000 last week from a reading of 272,000 recorded in the preceding week and was better than analysts’ forecast calling for a figure of 266,000.

Additional reports from the Bureau of Economic Analysis showed U.S. trade deficit narrowed in August. As exports climbed to a two-and-a-half year high and factory orders increased more than projected, U.S. trade deficit narrowed to 42.4B from 43.7B in July.

Trade suggestion

Sell Stop at 1.17000, Take profit at 1.16600, Stop loss at 1.17200


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

Financial Sector Leads Gains, Helping U.S. Markets Bull Run Extend Winning Streak

U.S. shares jumped higher on Thursday to reach fresh record highs with the S&P 500 Index extended its upward rally to the longest streak since July 2013. U.S. stock markets’ bullish run were propelled by optimism over U.S. tax reforms and data pointing to solid U.S. growth.

The S&P 500 Index soared roughly 0.44 percent to trade at 2,548.89 with only two out of eleven major sectors trading in positive territory. Financials led gains with a jump of 0.9 percent after Philadelphia Federal Reserve Bank President Patrick Harker on Thursday suggested one more rate hike this year and three next year. Upbeat data backed up the expectations of the Federal Reserve raising rates at the December meeting with initial jobless claims fell more than expected.

Upbeat U.S. data also support market participants’ sentiment. According to the reported published by the U.S. Department of Labor, unemployment claims dropped to 260,000 last week from a reading of 272,000 recorded in the preceding week. Additional reports from the Bureau of Economic Analysis showed U.S. trade deficit narrowed to 42.4B in August from 43.7B in July.

Trade suggestion

Buy Stop at 2550,00, Take profit at 2560,00, Stop loss at 2545,00



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

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

CAD/JPY

From GMT 18:30 05/10/2017
Till GMT 21:00 05/10/2017

Sell at 89.650
Take profit at 89.150
Stop loss at 89.900

Re: Signals by Capital Street FX

PostPosted: Fri Oct 06, 2017 6:15 pm
by CSFX.Support
Daily Report on October 06, 2017



Global shares jumped higher on Friday after U.S. stocks notched record closing highs again in the previous session. Asian shares soared and European equities opened higher while gold extended losses as dollar lingered at seven-week highs against other major counterparts thanks to optimism over the outlook for the U.S. economy that is strong enough to withstand higher interest rates.

MSCI’s broadest index of Asia-Pacific shares outside Japan surged 0.3 percent, poised for a 1.6 percent gain on the week. Hong Kong’s Hang Seng index led gains with an increase of 3.3 percent in a holiday-shortened week. While Australia’s S&P/ASX 200 Index added 1 percent, Japan’s Topix index climbed 0.3 percent.

Investors are awaiting U.S. non-farm payrolls data which is scheduled to be released by the Bureau of Labor Statistics later in the day. Analysts forecast a slowdown in new jobs added last month due to disruptions from two major hurricanes Harvey and Irma in September. Indeed, U.S. economy is anticipated to have created 90,000 jobs in September while jobless rate is expected to remain unchanged at 4.4 percent.



Technicals

GBPAUD


GBPAUD has been trading sideways to lower below a significant level at the 50.0% Fibonacci retracement. Under downward pressure exerted by the short-term MA20, the pair is anticipated to trade lower to test another firm handle at the 38.2% Fibonacci level. RSI index retreated to keep moving in the negative territory, suggesting further declines for the pair.

Trade suggestion

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



USDCAD


USDCAD has been tracking a strong uptrend that has sent the pair to the highest level since August 31st. With the support from two moving averages that are lingering below the price action, the pair is expected to retest a firm resistance at 1.26350 – the level that force the pair to reverse lower late-August. Rising ADX and RSI indices signals further advances.

Trade suggestion

Buy Stop at 1.25950, Take profit at 1.26350, Stop loss at 1.25750

EURUSD




The pair EURUSD successfully broke out of a strong support at the benchmark level 1.17000 in the previous session and is extending its downbeat moves. Under downward pressure exerted by two moving averages hanging above the price action, the pair is forecast to sustain its bearish momentum in an attempt to reach a support at 1.16450.

Trade suggestion

Sell Stop at 1.16850, Take profit at 1.16450, Stop loss at 1.17050



NATURAL GAS


Under downward pressure from two moving averages that are hanging above the price action, natural gas futures extended their downtrend following a short consolidation. With the RSI index pointing down while ADX index witnessing a crossover between the –DI and +DI lines, the commodity is expected to trade lower to test a support at 2.8400.

Trade suggestion

Sell Stop at 2.8700, Take profit at 2.8400, Stop loss at 2.8850



BRENT



Brent crude prices reversed lower after having hit a resistance at 57.200. The commodity is facing a firm support at 55.550 – the level that the price has failed to breach since the beginning of this week. After the price action had fallen below both the short-term MA20 and the long-term MA50, the commodity is anticipated to attempt a support at 54.800.

Trade suggestion

Sell Stop at 55.550, Take profit at 54.800, Stop loss at 55.900



EURGBP



EURGBP has been tracing a steady uptrend that sent the currency pair to the highest level since mid-September at 0.89800. While RSI index has jumped into the overbought zone, the ADX index is heading upwards with a widening distance between the +DI and –DI lines, indicating a strengthening bullish force in the market and suggesting further advances for the pair.

Trade suggestion

Buy Stop at 0.89800, Take profit at 0.90300, Stop loss at 0.89600





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

Gold Futures Hover Near Two-month Lows Ahead of U.S. Non-farm Payrolls

Gold slipped in early European trading session on Friday, extending downbeat moves after having hit two-month lows in the previous session. The precious metal has been under pressure as the dollar was lingering at seven-week highs against other major counterparts thanks to optimism over the outlook for the U.S. economy.

Contracts tied to gold for November delivery on the Comex division of the New York Mercantile Exchange dipped 0.21% to $ 1,268.70 a troy ounce, hovering near the weakest level since August 09th. Demand for the greenback has been bolstered on the back of hawkish comments from the Federal Reserve policy makers that signal one more rate hike at the end of this year.

Philadelphia Federal Reserve Bank President Patrick Harker on Thursday did not only echoed his colleagues’ claims but also said that he expected three rate increases next year. Upbeat U.S. data also support market participants’ sentiment, helping strengthen the greenback and put pressure on dollar-denominated gold prices.

Investors are awaiting U.S. non-farm payrolls data which is scheduled to be released by the Bureau of Labor Statistics later in the day. Analysts forecast a slowdown in new jobs added last month due to disruptions from two major hurricanes in September.

Indeed, U.S. economy is anticipated to have created 90,000 jobs in September while jobless rate is expected to remain unchanged at 4.4 percent.

Trade suggestion

Sell Stop at 1268,00, Take profit at 1261,00, Stop loss at 1271,00


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

Sterling Sinks to One-month Lows Amidst Rising Political Uncertainties

Sterling tumbled to one-month low versus the U.S. dollar in European trading session on Friday amidst rising political uncertainty while the dollar kept ticking higher due to optimism over one more rate hike this year.

The British Pound dropped 0.43 percent to trade at $1.3061, down from $1.3118 recorded late Thursday in New York. The pair GBPUSD was lingering at levels that have not seen since early September and looks set for a 2.5% weekly tumble, its biggest since the week ending October 7, 2016.

Speculation that a general election could be called in the U.K. grew but Theresa May’s future was in doubt after she failed to win a majority in June’s national election. Especially after her speech at the Tory party conference on Wednesday which is called “disastrous”, there are rumors that the Prime Minister will be asked to step down by her own party.

Trade suggestion

Sell Stop at 1.30600, Take profit at 1.30200, Stop loss at 1.30800


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

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

GBP/CAD

From GMT 15:20 06/10/2017
Till GMT 21:00 06/10/2017

Sell at 1.63700
Take profit at 1.63100
Stop loss at 1.64000

Re: Signals by Capital Street FX

PostPosted: Mon Oct 09, 2017 6:43 pm
by CSFX.Support
Daily Report on October 09, 2017



Asian shares were mostly higher on Monday while European stock market gains, led by equities in Spain. The Shanghai Composite Index soared 0.76 percent while the Shenzhen Composite Index jumped 1.3 percent after a weeklong holiday. However, Hong Kong stocks retreated with the Hang Seng Index closed 0.5 percent lower after having hit 10-year highs last Friday.

Whereas, Australian stocks extended their rally, adding 0.5 percent on Monday with advances mainly from stocks of the country’s big banks. New Zealand’s stock benchmark also traded higher with the S&P/NZX 50 Gross Index climbing 0.4% to 8,010.28. The index surpassed the 8,000 level for the first time in history after its fifth-straight record closing high.

Stocks in Europe also started the week on an upbeat note after mass demonstrations in Catalonia over the weekend in favor of Spanish unity. The Stoxx Euro 600 Index gained 0.2 percent, supported by Spain’s IBEX benchmark that surged nearly 0.7 percent. While a senior member of the Catalan administration called for dialogue on the region’s independence bid, companies threatened to move their head offices to other parts of the country.

European stocks also received a boost from data showing German industrial output jumped more than expected in August. According to data released by the Destatis, German industrial production rebounded from a summer lull and increased by 2.6 per cent on the month in August. This is the biggest monthly increase in more than six years. Elsewhere, stocks in the U.S. will be closed for the Columbus Day holiday Monday while markets including Japan, Korea and Taiwan are also closed.



Technicals

USDCAD


USDCAD rebounded after having hit a dynamic support at the short-term moving average MA20. While the RSI index is surging, ADX index is also on a rise with a widening gap between the +DI and –DI lines, which shows an overwhelming and strengthening bullish momentum in the market. A resistance at 1.26350 is within the sight.

Trade suggestion

Buy Stop at 1.25600, Take profit at 1.26350, Stop loss at 1.25300



GBPUSD


GBPUSD reversed lower after having failed to sustain its bullish momentum above the short-term MA20. RSI index also turned lower which shows a recovering bearish force in the market. The pair is anticipated to extend its downbeat moves and trade lower, possibly heading towards a support at 1.30700.

Trade suggestion

Sell Stop at 1.31300, Take profit at 1.30700, Stop loss at 1.31600



AUDNZD



With the support from a couple of moving averages which are lingering below the price action, especially the short-term MA20, the pair AUDUSD bounced back. The RSI index edged higher at as high as 56.73, showing a strengthening bullish force. A high at 1.10100 recorded earlier in the session is expected to be tested again.

Trade suggestion

Buy Stop at 1.09700, Take profit at 1.10100, Stop loss at 1.09500



WTI


WTI crude price futures have been moving sideways around the level at 49.355 after having plunged to the lowest level since mid-September. The commodity has been under pressure from two moving averages that are hanging above the price action, which may depress the price further. RSI index is pointing downward, indicating a strengthening bearish force in the market.

Trade suggestion

Sell Stop at 49.200, Take profit at 48.500, Stop loss at 49.500





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

Natural Gas Futures Hit Two-month Trough As Mild Weather Hurts Demand

U.S. natural gas futures extended their downbeat moves on Monday, with prices weighed down by weather forecast that show milder weather over the next couple of weeks.

Front-month gas futures for November delivery on the New York Mercantile Exchange tumbled more than 0.7 percent to trade at $2.843 per million British thermal units in North American trading session, heading to close lower for the sixth trading session in the last seven days. The futures prices plunged to the lowest level since August 09, 2017 on Monday after having slipped by nearly 5% last week.

Weather forecasting models predicted mild temperatures for the eastern part of the U.S. due to the fact that high pressure returns. Meanwhile, the West Coast will be mild to warm and the southern U.S will be very warm to hot. According to market analysts, under the impact of mild weather that tends to hurt early-winter demand for the heating fuel, U.S. gas consumption would slip to 71.3 billion cubic feet per day (bcfd) this week and the next from 74.3 bcfd last week.

Trade suggestion

Sell Stop at 2.8300, Take profit at 2.8000, Stop loss at 2.8450


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

Euro Gains Ground vs Rivals After ECB Hawk Calls Winding Down Asset Purchases

The euro rose versus its American counterpart for second day in a row on Monday, pulling back from a one-and-a-half-month low recorded last Friday. The single currency was boosted on the back of hawkish comments from an ECB hawkish official.

The pair EURUSD added 0.2 percent to trade at $1.1756 in North American trading session on Monday after having hit a low at $1.1668 on Friday. ECB Executive Board member Sabine Lautenschlaeger on Monday claimed that the central bank should reduce its asset purchases from next year with the aim to halt the program altogether.

Lautenschlaeger, who has in the past spoken favorably about withdrawing stimulus, argued that swelling the ECB’s balance sheet any further is not needed given the fact that the factors holding down inflation are temporary. The ECB is scheduled to hold its policy meeting later this month, on October 26th, to decide whether to continue bond purchases next year.

Trade suggestion

Buy Stop at 1.17600, Take profit at 1.18000, Stop loss at 1.17400


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

NZD/USD

From GMT 14:30 09/10/2017
Till GMT 21:00 09/10/2017

Sell at 0.70700
Take profit at 0.70300
Stop loss at 0.70900