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

PostPosted: Tue Jul 18, 2017 6:28 pm
by CSFX.Support

Daily Report on July 18, 2017



European shares dropped on Tuesday, dragged down by a strengthening euro that soared steeply to a 14-month high against the U.S. dollar while disappointing corporate earnings reports weighed on shares of Ericsson and Lufthansa. The Stoxx Europe 600 shed 0.4 percent with only the health care sector trading higher. In Frankfurt, DAX 30 index lost 0.51%, while France’s CAC 40 index was down nearly 0.3%.

Shares of Ericsson tumbled nearly 11 percent on Tuesday after the Stockholm-based company reported a bigger-than-expected net loss of 1.01 billion Swedish kronor ($122.3 million) in the second quarter. The Swedish telecom-equipment maker also warned that earnings could weaken further as the market continues to struggle.

According to the Office for National Statistics, the UK's inflation rate unexpectedly slowed to 2.6 percent in June after having hit a near four-year high at 2.9 percent in May, a near four-year high. The pound reversed gains versus the dollar in response to the figures as markets were expecting that a further increase in the inflation rate might raise the possibility of the BOE’s policy makers raising the benchmark interest rate from a record low of 0.25%.

The Aussie surged as much as 1.3 percent against the greenback to jump above 79 U.S. cents - its highest level since May 2015.The Reserve Bank of Australia published the minutes of its July policy meeting on Tuesday which showed the central bank were more optimistic about the jobs market and economy growth of Australia. According to the minutes, the RBA expected quarterly growth to have increased in the second quarter while said that the stronger labor market removes “some of the downside risk” to its wage-growth forecasts.



Technicals

EURUSD



EURUSD has been tracing an uptrend which sent the pair to 14-month highs on Tuesday. The pair breached a resistance at 1.14900 and is heading towards the highest level since May 02, 2016. Both RSI and ADX indices are heading higher, which indicates a strengthening bullish momentum in the market.

Trade suggestion

Buy Stop at 1.15600, Take profit at 1.16000, Stop loss at 1.15400



EURGBP


EURGBP rebounded from a firm support at 0.87450 and has been soaring steeply since then. The pair did not only breach both short-term and long-term MAs but also surpassed a strong resistance at 0.88600. While RSI is rising, ADX index is pointing higher with a widening gap between +DI and –DI lines. The currency pair is expected to retest another firm resistance at 0.89400.

Trade suggestion

Buy Stop at 0.88800, Take profit at 0.89400, Stop loss at 0.88500



BRENT

As can be seen from the price chart, BRENT crude has been supported by two MAs that are lingering below the price action. The commodity price rebounded after hitting the short-term MA20. The commodity price may test a significant level at 50.000 with the market dominated by buyers, as indicate by RSI and ADX indices.

Trade suggestion

Buy Stop at 49.300, Take profit at 50.000, Stop loss at 49.000



DAX 30


Germany’s DAX 30 index gapped down on Tuesday, opening below the short-term MA20. The stock benchmark index extended its downtrend and brought its price action below the long-term MA50 as well. While RSI index is pointing lower, ADX index is on a rise, suggesting further down moves. A support at 12350.00 is within the sight.

Trade suggestion

Sell Stop at 12430.00, Take profit at 12350.00, Stop loss at 12470.00



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Netflix Passes the 100 Million Subscriber Milestone, Shares Jump More than 10%

Shares of Netflix Inc. took off by more than 10 percent in after-hours trading on Monday after the streaming giant reported better-than-expected subscriber growth in its second quarter.

Netflix witnessed its shares jump nearly 10.7 percent to trade at $178.98 per share as the company reported adding a second-quarter record 5.2 million subscribers. Netflix reported net income of $65.60 million, or 15 cents per share for the three-month period to June. That was well above the net income of $40.76 million, or 9 cents per share recorded during the year-earlier period.

Revenue for the quarter was reported to hit $2.79 billion, up from $2.11 billion during the same period a year ago. With 5.2 million subscribers added in the last three months (1.1 million domestic and 4.1 million international), Netflix passed the 100 million subscriber milestone. Analysts had forecast that Netflix would add only 631,000 subscribers in the U.S. and Canada and 2.6 million overseas.

Trade suggestion

Buy Stop at 179.00, Take profit at 182.00, Stop loss at 178.00

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


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The Aussie Targets the Level 80 U.S. cents After RBA’s July Meeting’s Minutes

Australian dollar extended gains versus its American counterpart after having surged steeply in Asian trading session on Tuesday. The Aussie was boosted higher following the release of the RBA’s latest meeting minutes.

The Aussie surged as much as 1.3 percent against the greenback to jump above 79 U.S. cents – its highest level since May 2015. The pair AUDUSD looks set to build on its rally and may surge to 80 U.S. cents, the strongest level in more than two years.

The Reserve Bank of Australia published the minutes of its July policy meeting on Tuesday which showed the central bank were more optimistic about the jobs market and economy growth of Australia. According to the minutes, the RBA expected quarterly growth to have increased in the second quarter while said that the stronger labor market removes “some of the downside risk” to its wage-growth forecasts.

Trade suggestion

Buy Stop at 0.79100, Take profit at 0.79500, Stop loss at 0.78900

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

Re: Daily Market Research by Capital Street FX

PostPosted: Wed Jul 19, 2017 5:45 pm
by CSFX.Support
Daily Report on July 19, 2017



Asian share were mostly higher on Wednesday while European stock markets gained ground as the euro retreated. Asian equities were supported by investors’ optimism about China's ongoing economic transition with Chinese shares leading in Asia. Shanghai Composite Index jumped 1.4 percent and Hong Kong’s Hang Seng Index edged 0.6 percent higher.

Japan’s Topix Index swung between gains and losses, closing marginally higher on Wednesday ahead of the Bank of Japan’s monetary policy decision which is due on Thursday. The Nikkei225 added 0.1 percent. Australia’s S&P/ASX 200 Index rose 0.8 percent as bank shares climbed.

The Stoxx Europe 600 gained 0.4 percent following a decline of 1.1 percent in the previous session thanks to a weak euro that inched lower ahead of the European Central Bank’s policy statements due Thursday.

According to data released by the Commerce Department on Wednesday, the U.S. housing starts jumped 8.3 percent in June to a seasonally adjusted annual rate of 1.22 million units. On a yearly basis, housing starts advanced by 2.1 percent last month compared to one year ago.



Technicals

GBPAUD



GBPAUD retested a support at 1.64000 – the three-and-a-half-month low recorded yesterday. The pair fell into a correction but soon reversed lower as the market has been dominated by seller. RSI index has even fallen into the oversold zone. The pair is expected to test a support at 1.63400.

Trade suggestion

Sell Stop at 1.64000, Take profit at 1.63400, Stop loss at 1.64300.



SILVER




Silver futures prices have been tracing an uptrend with the support from two MAs that are lingering below the price action. The precious metal’s price surpassed a resistance at 16.200 and is heading towards a significant level at 61.8% Fibonacci level. The RSI index which is pointing upwards signals further advances.

Trade suggestion

Buy Stop at 16.330, Take profit at 16.500, Stop loss at 16.250



BRENT




As can be seen from the chart, Brent crude prices have been supported from two MAs that are lingering below the price action, especially the short-term MA20. RSI has been on rise, suggesting a strengthening bullish force in the market. A breakout from a resistance at 49.150 is expected.

Trade suggestion

Buy Stop at 49.150, Take profit at 49.850, Stop loss at 48.800



Dow Jones


U.S. Dow Jones index has been moving sideways above a firm support at 21540.00 after falling to as low as 21461.00. RSI index is moving around the 50 level but the stock index looked set to trade higher with support from the long-term MA50. The all-time record high logged on July 14th is expected to be tested.

Trade suggestion

Buy Stop at 21580.00, Take profit at 21660.00, Stop loss at 21540.00


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Morgan Stanley Shares Advance After Upbeat Q2 Earnings Report

Shares of Morgan Stanley jumped more than 2 percent in per-market trading on Wednesday after the U.S. bank reported second-quarter earnings results that beat expectations. The company was the last of the five biggest U.S. banks to report results for the three-month period ending June.

Morgan Stanley posted reported net revenues of $9.5 billion in the June quarter, up from $8.9 billion recorded one year ago and topping analysts’ forecast for $9.1 billion of revenue. Earnings per share hit 87 cents, compared with 75 cents per share in the year-ago quarter. That beat estimate of 76 cents per share.

Although sales and trading declined to $3.2 billion from $3.3 billion in the same quarter in 2016, revenues from institutional securities, wealth management, and investment management were all higher than a year ago.

Trade suggestion

Buy Stop at 46.30, Take profit at 47.00, Stop loss at 46.00

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


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Shares of CSX Reverse Gains As FY 2017 Guidance Falls Short of Expectations

Shares of CSX Corp. lost more than 4.0 percent in the extended session on Tuesday although the railroad operator reported quarterly results above expectations as well as expanded its share buyback program.

CSX shares reversed gains, shedding 4.17% to trade at $52.36 after having soared 3.1% to $56.32 after hours. The company reported adjusted second-quarter earnings of 64 cents a share on revenue of $2.93 billion, which was higher than analysts’ forecast for earnings of 59 cents a share on revenue of $2.85 billion. CSX also announced that its share repurchase authorization had been added another $500 million to $1.5 billion in total.

However, CSX’s guidance for the full year fell short of analyst expectations. The company expects earnings growth for the fiscal year 2017 of around 25% from 2016, which is below analysts’ expectation for full-year EPS of $2.31, 28% above the $1.81 the railroad reported for 2016.

Trade suggestion

Sell Stop at 52.30, Take profit at 51.90, Stop loss at 52.50

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


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EUR/AUD

From GMT 09:00 19/07/2017
Till GMT 21:00 19/07/2017

Sell at 1.45500
Take profit at 1.44700
Stop loss at 1.45900

Re: Daily Market Research by Capital Street FX

PostPosted: Thu Jul 20, 2017 6:12 pm
by CSFX.Support

Daily Report on July 20th, 2017




Asian shares advanced for a ninth straight session on Thursday, bolstered by fresh all-time highs for U.S. equities. While U.S. stocks surged to new records on strong U.S. corporate earnings after the close on Wednesday, the Bank of Japan on Thursday decided to maintain its mega monetary stimulus. MSCI's broadest index of Asia-Pacific shares outside Japan edged 0.15 percent, trading near its highest level since December 2007.

The Bank of Japan kept its monetary policy steady as widely expected, maintaining the 0.1 percent interest it charges on a portion of excess reserves that financial institutions park at the central bank. The Japanese central bank also pushed back again the timing for achieving its 2 percent inflation target, as it cut price forecasts until fiscal year 2020. The yen retreated versus the dollar, lifting Japanese shares higher.

Indeed, Japan’s Topix index rose 0.7 percent while the Nikkei 225 added 0.4 percent. Australia’s S&P/ASX 200 Index and South Korea's KOSPI index climbed 0.6 percent and 0.1 percent, respectively. Hong Kong’s the Hang Seng Index jumped 0.3 percent, while the Shanghai Composite Index was little changed.

Crude oil prices struggled for direction on Thursday following a jump to a two-week peak on Wednesday. Oil prices jumped more than 1 percent in the previous session after the Energy Information Administration (EIA) reported a bigger-than-expected weekly draw in crude and gasoline inventories in the United States. According to the report, U.S. crude stocks fell 4.7 million barrels during the week ended July 14th, exceeding estimates for a 3.2 million draw forecast by economists.



Technicals

EURNZD



EURNZD rebounded after falling under the 61.8% Fibonacci retracement. The pair crossed over this significant level again and is facing a pair of moving averages. While the +DI line has penetrated the –DI line from below, signaling a strengthening bullish momentum in the market, RSI index also surpassed the 50 line, suggesting further advances.

Trade suggestion

Buy Stop at 1.57000, Take profit at 1.58000, Stop loss at 1.56500



WTI


U.S. crude prices has been moving sideways around a two-week high at a significant level at 47.200 – the level at which the commodity had to reverse lower in early-July. With support from two MAs which are hanging below the price action, the benchmark crude price is expected to test a resistance at 48.000.

Trade suggestion

Buy Stop at 47.300, Take profit at 48.000, Stop loss at 47.000



DAX 30



Germany Dax 30 index has been tracing an uptrend since it rebounded from a low at 12380.00 logged on Tuesday. The price action has crossed over the long-term MA50 from below and is facing the short-term MA20. A breakout is expected as the bull is becoming stronger in the market. While RSI has inched higher the 50 line, ADX index is turning upward with a widening gap between +DI and –DI lines.

Trade suggestion

Buy Stop at 12530.00, Take profit at 12650.00, Stop loss at 12470.00



FTSE 100 Index



U.K. FTSE 100 Index gapped up on Thursday after sending its price action above a downtrend line which connected lower highs. The stock benchmark index escaped from the resistance with support from two MAs that are hanging below the price action. Both ADX and RSI are on a rise, signaling that the index may edge higher to test a resistance at 7480.00.

Trade suggestion

Buy Stop at 7445.00, Take profit at 7480.00, Stop loss at 7430.00


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American Express Shares Inch Lower As Profit Declines


Shares of American Express Company turned lower in after-hours trading on Wednesday after the credit-card company reported better-than-expected earnings and sales but profit declined in the second quarter.

Shares of the company inched nearly 1.5 percent lower to US$84.65 per share in after-market trading. The card company posted second-quarter earnings of $1.3 billion, or $1.47 a share, up from $2 billion, or $2.10 a share, in the year-ago period. Analysts had expected per-share earnings of $1.43.

However, American Express witnessed profit plunged by 33 percent in the three-month period ending June 30th. The decline came after the company ended its business relationship with Costco while its expenses rose sharply as the card company spent heavily on rewards to woo customers, not to mention expenses on tax treatment and restructuring charges.

Trade suggestion

Sell Stop at 84.60, Take profit at 84.00, Stop loss at 84.90

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

Q2 Earnings Fall to Reach Expectations, Shares of Philip Morris Lose 3 Percent


Shares of Philip Morris International Inc. lost nearly 3.0 percent on Thursday after the cigarette and tobacco company reported second-quarter earnings below expectations.

Shares of Philip Morris dropped 2.98 percent in pre-market trading after the New York-based company reported revenues of $19.32 billion. This was up from $19.04 billion a year ago but failed to hit analysts’ forecast for revenues of $20.07 billion. Cigarette shipment volumes were reported to decline by 7.5% in the second quarter.

On a per-share basis, the company said it had profit of $1.14, down from $1.15 a year ago and missing expectation for earnings per share of$1.23. Philip Morris cut its 2017 EPS outlook to a range from $4.78 to $4.93 from a range from $4.84 to $4.99 previously forecast.

Trade suggestion

Sell Stop at 118.00, Take profit at 116.00, Stop loss at 119.00

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

EUR/CAD

FromGMT 10:00 20/07/2017
TillGMT 21:00 20/07/2017
Sell 1.44850
Sell at 1.44850
Take profit at 1.44350
Stop loss at 1.45100

Re: Daily Market Research by Capital Street FX

PostPosted: Fri Jul 21, 2017 6:17 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



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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

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

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: Daily Market Research by Capital Street FX

PostPosted: Mon Jul 24, 2017 6:57 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


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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: Daily Market Research 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


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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

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

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: Daily Market Research by Capital Street FX

PostPosted: Wed Jul 26, 2017 6:02 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


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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

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

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

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Re: Daily Market Research by Capital Street FX

PostPosted: Thu Jul 27, 2017 6:13 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

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

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

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Re: Daily Market Research by Capital Street FX

PostPosted: Mon Jul 31, 2017 6:41 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

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

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: Daily Market Research by Capital Street FX

PostPosted: Tue Aug 01, 2017 5:15 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

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

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