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



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

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

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

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



Technicals

EURJPY




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

Trade suggestion

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



GBPNZD





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

Trade suggestion

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



GBPJPY


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

Trade suggestion

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



FTSE 100 Index



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

Trade suggestion

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


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

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


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

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

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

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

Trade suggestion

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

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

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

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


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

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

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

Trade suggestion

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

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

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

GBP/AUD

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

Buy at 1.66300
Take profit at 1.67000
Stop loss at 1.66000

Re: Daily Market Research by Capital Street FX

PostPosted: Thu Aug 03, 2017 4:21 pm
by CSFX.Support

Daily Report on August 03, 2017




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

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

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

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



Technicals

AUDNZD




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

Trade suggestion

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



GBPAUD




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

Trade suggestion

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



WTI



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

Trade suggestion

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



SILVER




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

Trade suggestion

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


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

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


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

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

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

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

Trade suggestion

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

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

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

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


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

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

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

Trade suggestion

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

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

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

EUR/AUD

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

Buy at 1.49600
Take profit at 1.50100
Stop loss at 1.49400

Re: Daily Market Research by Capital Street FX

PostPosted: Fri Aug 04, 2017 6:20 pm
by CSFX.Support

Daily Report on August 04, 2017




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

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

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

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



Technicals

EURJPY


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

Trade suggestion

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



GBPCHF



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

Trade suggestion

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



Natural Gas


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

Trade suggestion

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



SILVER


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

Trade suggestion

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

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

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


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

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

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

Trade suggestion

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

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

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


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

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

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

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

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

Trade suggestion

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

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

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

USD/JPY

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

Buy at 110.600
Take profit at 111.000
Stop loss at 110.400

Re: Daily Market Research by Capital Street FX

PostPosted: Mon Aug 07, 2017 6:01 pm
by CSFX.Support
Daily Report on August 07, 2017



Asian shares rebounded higher, returning to the highest level in almost 10 years following a strong advance on Wall Street last Friday. Strong U.S. hiring data bolstered optimism about economic growth in the world’s largest economy and sent U.S. stock benchmark index higher at the close with the Dow Jones Industrial Average ending at its eighth straight record high.

The MSCI Asia-Pacific Index jumped 0.6 percent to trade close to its highest since December 2007 while Japanese shares also gained ground as the currency Yen clung to losses. Indeed, Japan’s Topix index rose 0.6 percent, on course for a two-year high, boosted by earnings data at Toyota Motor Corp which showed first-quarter profit beat estimates and rosy full-year forecast.

Benchmarks in Australia, South Korea and Hong Kong also edged higher. The S&P/ASX 200 Index in Sydney climbed 1 percent, with gains led by shares of miners and banks. Meanwhile, South Korea’s Kospi index jumped 0.5 percent and the Hang Seng Index rose 0.4 percent. By contrast, Shanghai Composite was flat.

Crude oil prices edged lower with West Texas Intermediate crude and global benchmark Brent losing 0.1 percent. Data released by the energy services firm Baker Hughes on Friday showed U.S. drillers cut one oil rig in the week to Aug. 4, bringing the total count down to 765. Representatives of Organization of Petroleum Exporting Countries meet with their allies in Abu Dhabi on Monday and on Tuesday to discuss ways to boost compliance with their supply reduction agreement.



Technicals

NZDUSD



NZDUSD has been tracing a sharp downtrend as the currency pair has been under downward pressure exerted by two MAs that are hanging above the price action. While the RSI index is pointing downward, ADX index is heading higher with a widening gap between –DI and +DI lines, suggesting further declines for the pair.

Trade suggestion

Sell Stop at 0.73700, Take profit at 0.73100, Stop loss at 0.74000



USDCAD




USDCAD rebounded higher following a period of correction as the pair had jumped to the highest since mid-July. The RSI index is pointing upwards, whereas, ADX index is heading higher with a widening gap between +DI line and -DI line, signaling further advances for the currency pair. A resistance at 1.27600 is within the sight.

Trade suggestion

Buy Stop at 1.26800, Take profit at 1.27600, Stop loss at 1.26400



EURAUD



EURAUD bounced back from a significant support at 23.6% Fibonacci retracement after a period of moving sideways around this level. The price action has crossed over the long-term MA50 from below after having surpassed the short-term MA20. The pair is expected to extend its upbeat moves with RSI index is at as high as 59.36.

Trade suggestion

Buy Stop at 1.49100, Take profit at 1.49600, Stop loss at 1.48900



GBPNZD




GBPNZD has been on a steady rise after having bounced back from a firm support at 1.75650. The price did not only breach the 61.8% Fibonacci retracement but also surpassed two MAs from below. Both RSI and ADX indices are soaring, which suggests the pair may head higher to retest a resistance at 1.77900.

Trade suggestion

Buy Stop at 1.77200, Take profit at 1.77900, Stop loss at 1.76900



BRENT




Brent crude price retreated as the bullish trend failed to sustain further advances. Lower highs were formed in the chart, showing a weakening bullish momentum. The price action has fallen below two MAs, which suggests a reversal into a downtrend. With RSI having dropped to as low 46.100, the commodity’s price is expected to test the 23.6% Fib. retracement.

Trade suggestion

Sell Stop at 51.700, Take profit at 51.000, Stop loss at 52.000



CAC40



As can be seen from the chart, the stock benchmark index has been advancing with its price action breaking out of a slopping downward trading range. RSI index is pointing upwards, whereas, ADX index is heading higher with a widening gap between +DI line and -DI line, signaling further advances for the index.

Trade suggestion

Buy Stop at 5220.00, Take profit at 5260.00, Stop loss at 5200.00



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

Sterling Ticks Down While Mining Shares Advance, FTSE 100 Index Trades Higher


U.K. shares extended gains on Monday, bolstered by strength in mining stocks and a weakening British Pound. The FTSE 100 index added nearly 0.2% to trade at a six-week high at 7525.00 in afternoon session after having closed higher by 0.5% last Friday.

The blue-chip benchmark index hovered around the highest level since June 19th, 2017 with a sharp increase of 2% last week – the biggest weekly gain since December. Mining shares led gains in the market due to the fact that iron ore prices jumped by roughly more than 6%.

Shares of BHP Billiton PLC climbed by more than 1.7 percent while shares of its rival Rio Tinto PLC also added around 1.73 percent. Shares of iron ore producer Anglo American drove up 2% while Glencore PLC witnessed even more impressive up moves with an increase of nearly 2.5% in equities.

The Baar, Switzerland- based commodities miner and trader is scheduled to publish second-quarter results on Thursday.

Shares of oil majors also traded higher even though crude oil price remained weak. Shares of BP PLC added 0.53% while those of Royal Dutch Shell PLC edged 0.36% higher.

Meanwhile, Sterling reversed lower against most of its peers on Monday, paring its gains versus the U.S. dollar in early trade. The pair GBPUSD lost more than 0.15% to linger around $1.3020.

Trade suggestion

Buy Stop at 7525.00, Take profit at 7560.00, Stop loss at 7510.00

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

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

USD/CAD


From GMT 04:00 07/08/2017
Til GMT 21:00 07/08/2017

Sell at 1.26300
Take profit at 1.25800
Stop loss at 1.26500

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

NZD/JPY


From GMT 16:40 07/08/2017
Till GMT 21:00 07/08/2017

Sell at 81.400
Take profit at 81.000
Stop loss at 81.600

Re: Daily Market Research by Capital Street FX

PostPosted: Tue Aug 08, 2017 5:52 pm
by CSFX.Support
Daily Report on August 08, 2017



Asian shares were litter changed on Tuesday, taking a breather close to the highest since 2007 following the release of disappointing Chinese trade data. Overnight, U.S. shares advanced on Wall Street with the Dow and the Nasdaq index rising 0.12 percent and 0.51 percent, respectively. The S&P 500 rose 0.2 percent to an all-time high on Monday but its futures index fell 0.1 percent in Asian trading session.

MSCI's broadest index of Asia-Pacific shares outside Japan was be barely changed after giving up modest early gains while Japanese shares retreated. Indeed, Japan's Nikkei and Japan’s Topix index both eased 0.3 percent. Australia’s S&P/ASX 200 Index lost even 0.6 percent, whereas, South Korea’s Kospi index and Hong Kong’s Hang Seng Index swung between gains and losses.

China's main markets remained weak after data released by the Customs General Administration of China showed that exports and imports both grew much less than expected in July. China's export growth was reported to slow to 7.2 percent in July from a year earlier, falling to reach analysts’ expectation calling for a 10.9 percent gain. The reading marked the weakest pace since February.

Meanwhile, imports also witnessed the slowest growth since December. China’s imports jumped 11.0 percent, down from a 17.2 percent rise in the previous month and well below expectations of 16.6 percent growth. China’s trade balance hit a surplus of $46.74 billion for the month, the highest since January. The reading surpassed forecasts for $46.08 billion.

Crude oil prices extended losses in Asian trading on Tuesday with both global benchmark Brent crude futures and U.S. crude futures down 0.4 percent. The decline came after news showed a recovery in output at Libya's largest oil field known as Sharara field. Production from the field that could give an output of 270,000 bpd returned to normal after a brief disruption, the National Oil Corporation (NOC) reported on Monday.



Technicals

NZDJPY




NZDJPY has been tracing a steady downtrend after reversing lower from six-month highs that logged on July 27th. The currency pair has been under downward pressure from the short-term MA20 that is hanging above the price action. The RSI has stepped into the oversold zone while the ADX index is heading higher, indicating a strengthening bearish force in the market.

Trade suggestion

Sell Stop at 81.250, Take profit at 80.700, Stop loss at 81.500



GBPCHF




GBPCHF has been moving sideways round the level of 1.26700 since last Friday. The short-term MA20 has crossed over the long-term MA50, confirming a reversal into the downtrend. RSI continued to head down, moving to as low as 44.29, which indicates a market dominated by sellers. The pair is forecast to trade lower to hit a support at 1.26000.

Trade suggestion

Sell Stop at 1.26700, Take profit at 1.26000, Stop loss at 1.27000



GBPJPY


GBPJPY has been edging lower with lower highs and lower lows formed in the price chart. With the price action breaking out of a shrinking trading range from above and sellers jumping into the market (as indicated by RSI index that is at as low as 36.36), the pair is expected to trade lower, likely to test a support at 143.600.

Trade suggestion

Sell Stop at 144.200, Take profit at 143.600, Stop loss at 144.500



WTI




U.S. rebounded higher following a period of trading sideways as the price twisted with a couple of moving averages. The RSI index has been on a rise, hitting as high 57.48, indicating a strengthening bullish momentum in the WTI market. The commodity is anticipated to extend its up move in an attempt to test a resistance at 50.370.

Trade suggestion

Buy Stop at 49.600, Take profit at 50.370, Stop loss at 49.300



GOLD



Gold has inched higher, sending its price action above both the long-term MA50 and the short-term MA20. While the RSI index is soaring to as high as 61.75, the ADX index is also on a rise with a widening gap between the +DI and –DI lines, which suggest further advances for the precious metal. A resistance at 1265.00 is within the sight.

Trade suggestion

Buy Stop at 1261.00, Take profit at 1265.00, Stop loss at 1259.00



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

U.S. Dollar Rallies After JOLTS Job Openings Jump More Than Expected


The U.S. dollar jumped sharply versus all of its major rivals after data showed the number of job openings in the U.S. rose much more than expected in June. The surge in the greenback weighed the pair EURUSD back down the lowest level since last Friday.

Indeed, euro plunged to as low as $1.17600, down more than 0.3 percent on the back of the release of the monthly Job Openings and Labor Turnover Survey on Tuesday. The U.S. Labor Department reported that the number of job openings, excluding the farming industry rose to 6.163 million in June from 5.702 million a month earlier. May’s figure was revised upwards from the original reading of 5.666 million.

June’s reading did not only mark a fresh record but also easily smashed analyst’ forecast calling for an increase to 5.775 million in the number of job openings. The dollar was supported after the data release as it bolstered optimism over an improving U.S. labor market where employers actively seek workers.

Meanwhile, hiring decreased, reflecting the fact that companies are having trouble finding employees with enough skills. As a result, wages are expected to be raised, which would boost spending and send inflation towards the central bank’s target of 2%.

Trade suggestion

Sell Stop at 1.17600, Take profit at 1.17000, Stop loss at 1.17900

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

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

Marriott Downgrades Q3 Earnings Forecast, Shares Lose 3% in Extended Session


Shares of Marriott International Inc. lost nearly 3% in late trading after having closed the regular trading session 1.1% higher. The hospitality company reported a better-than-expected Q2 earnings but forecasts profit in the current quarter would come below analysts’ expectations.

Marriott shares plunged by 2.99% in after-hours trading to trade at $103.00 per shares after earnings results showed net income of $414 million, or $1.08 a share on sales of $5.8 billion for the three-month period to June 30. This marked an increase from earnings of 97 cents a share on sales of $3.9 billion recorded in the same period last year.

After adjustments for one-time items, the world’s largest hotel chain claimed earnings of $1.13 a share which easily topped market forecast calling for adjusted earnings of $1.01 a share on revenue of $5.64 billion.

Marriott on Monday said it would partner with China’s Alibaba Group Holding Ltd on a travel venture that would allow Chinese travelers to book rooms at Marriott hotels via Alibaba’s travel service platform known as Fliggy.

Despite the plan to aim at the growing number of Chinese citizens travelling abroad who are expected to take an estimated 700 million trips over the next five years, Marriott anticipates its forecast for earnings in the third quarter to be in a range of 96 cents to 99 cents a share, which is slightly lower than analysts’ expectations of $1.01 a share. Revenue the company expects to earn this year from its rooms in North America is forecast to rise between 1 to 2 percent in fiscal 2017, a decrease from its previous forecast of an increase of rise of 1 to 3 percent.

Trade suggestion

Sell Stop at 103.00, Take profit at 100.00, Stop loss at 104.00

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

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

GBP/AUD


From GMT 06:00 08/08/2017
Till GMT 21:00 08/08/2017

Sell at 1.64550
Take profit at 1.63900
Stop loss at 1.64800

Re: Daily Market Research by Capital Street FX

PostPosted: Wed Aug 09, 2017 5:07 pm
by CSFX.Support
Daily Report on August 09, 2017



Asian shares dropped while investors piled into safe-havens assets such as U.S. Treasuries, gold, Swiss Franc and the yen amidst escalating tensions on the Korean peninsula. MSCI's broadest index of Asia-Pacific shares outside Japan plunged 0.7 percent, while Japanese equities were broadly lower due to the fact that the stronger yen sapped investors' appetite.

Japan's Nikkei index and Topix index fell 1.5 and 1.3 percent, respectively. South Korean shares shed 0.9 percent, while the won sank around 0.7 percent to 1,136.4 to the dollar. By contrast, the Swiss Franc rallied versus most of its rivals, jumping to a one-week high against the U.S. dollar. Gold futures advanced by 0.4 percent to $1,265.32 an ounce, extending their rally after climbing 0.3 percent on Tuesday.

In response to a Washington Post report on North Korea’s nuclear capabilities, U.S. President Donald Trump late Tuesday said that any threat North Korea presented to the United States would be met with “fire and fury.” Just hours after Trump’s threats, North Korea announced that it is "carefully examining" plans for firing a ballistic missile toward U.S. Pacific territory of Guam.

Crude oil prices remained weak even after the American Petroleum Institute on Tuesday reported that U.S. inventories dropped by 7.893 million barrels at the end of last week, far more than the 2.2 million barrels decline seen. The U.S. Energy Information Administration is scheduled to release its official weekly petroleum status report later in the day.



Technicals

NZDJPY



NZDJPY has been tracing a steep downtrend which sent the currency pair to seven-week lows at 80.413. The price action has breached a significant level at 61.8% Fibonacci retracement while the RSI index has entered the oversold zone. With ADX index has still been on a rise, the pair is expected to test a support at 50.0% Fib. level.

Trade suggestion

Sell Stop at 80.300, Take profit at 79.700, Stop loss at 80.600



GBPUSD



GBPUSD has been moving sideways following a sharp down move that pushed the currency down to the lowest level since July 21st. The pair looked set to tick down further as the market has been dominated by sellers, not to mention downward pressure exerted from two MAs hanging above the price action. A support at 23.6% Fibonacci retracement is expected to be tested.

Trade suggestion

Sell Stop at 1.29700, Take profit at 1.29200, Stop loss at 1.29900



CADJPY



CADJPY has been trading lower, dropping to the lowest level since early-July at 86.626. The pair bounced back a little bit due to a correction after the market had been sent to the oversold zone. However, downbeat moves are forecast to extend as the ADX index continues to point upwards. A support at 86.000 is within the sight.

Trade suggestion

Sell Stop at 86.600, Take profit at 86.000, Stop loss at 86.900



USDCAD



USDCAD extended its up moves following a period of consolidation. With the support from two MAs lingering below the price action, the currency pair is anticipated to inch higher in an attempt to test a resistance at 1.27600. RSI and ADX indices are rising, confirming further upbeat moves.

Trade suggestion

Buy Stop at 1.27000, Take profit at 1.27600, Stop loss at 1.26700



GOLD


Gold futures prices have been trading sideways around the level 1265.00 after having hit the highest level since last Friday. The market has still been dominated by buyers as RSI is at as high as 61.59. With support from two MAs, the precious metal price is forecast to extend its rally to a resistance at 1270.00.

Trade suggestion

Buy Stop at 1265.00, Take profit at 1270.00, Stop loss at 1263.00



DAX 30




Germany’s DAX 30 Index gapped down on Wednesday, sending its price action below both a significant level at 23.6% Fibonacci retracement and two moving averages that had been lingering below the price action. RSI fell below the level 50, indicating a strengthening bearish momentum in the market. A support at 12090.00 is expected to be tested.

Trade suggestion

Sell Stop at 12200.00, Take profit at 12090.00, Stop loss at 12250.00



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

Swiss Franc Advances to One-week Highs Against Dollar Amid Escalating Geopolitical Tensions


The Swiss Franc rallied versus most of its rivals, jumping to a one-week high against the U.S. dollar amidst rising geopolitical tensions stemming from the Korean Peninsula.

The pair USDCHF plunged more than 0.7 percent in Asian trading session to trade near the lowest level in one week at 0.96688 franc. The currency recovered a little bit following a retreat to 0.96566 – its weakest since August 02nd as geopolitical tensions have ramped up.

In response to a Washington Post report on North Korea’s nuclear capabilities, U.S. President Donald Trump late Tuesday said that any threat North Korea presented to the United States would be met with “fire and fury.” Just hours after Trump’s threats, North Korea announced that it is “carefully examining” plans for firing a ballistic missile toward U.S. Pacific territory of Guam.

Trade suggestion

Sell Stop at 0.96650, Take profit at 0.96300, Stop loss at 0.96800

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

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

Investors Flock Into Safe-havens Assets, Gold Jumps The Most in Two Months


Gold futures rallied on Wednesday as investors moved toward safety plays amidst escalating tension between North Korea and the U.S. that dragged down U.S. shares. U.S. stock benchmark index extended a modest retreat from record levels logged earlier this week.

The precious metal surged 1.24 percent to trade at $1,272.00 an ounce in North American trading session, looking set to record the biggest jump in two months. Investors piled into safe-havens assets like gold as geopolitical tensions have ramped up, sapping investors’ appetite for risky investments.

In response to a Washington Post report on North Korea’s nuclear capabilities, U.S. President Donald Trump late Tuesday said that any threat North Korea presented to the United States would be met with “fire and fury.” Just hours after Trump’s threats, North Korea announced that it is “carefully examining” plans for firing a ballistic missile toward U.S. Pacific territory of Guam.

The Dow Jones Industrial Average lost nearly 0.3 percent, the S&P 500 index shed 0.36 percent while the Nasdaq Composite Index even declined more sharply, slipping more than 0.7 percent.

Trade suggestion

Buy Stop at 1273.00, Take profit at 1278.00, Stop loss at 1271.00

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

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

AUD/NZD


From GMT 08:30 09/08/2017
Till GMT 21:00 09/08/2017

Buy at 1.07800
Take profit at 1.08200
Stop loss at 1.07600

Re: Daily Market Research by Capital Street FX

PostPosted: Thu Aug 10, 2017 12:05 pm
by CSFX.Support
Daily Report on August 10, 2017



Asian shares pared early gains to reverse lower on Thursday as investors have still been under pressure stemming from tension surrounding the Korean peninsula. The MSCI Asia Pacific Index was little changed while Japanese shares were mixed. The Nikkei 225 Stock Average added 0.1 percent and the Japan’s Topix index was little changed.

Australian equities climbed with the Australia’s S&P/ASX 200 Index advancing 0.4 percent. By contrast, South Korea’s benchmark gauge extended declines with the Kospi index falling 0.2 percent following a decline of 1.1 percent on Wednesday. European stocks also fell on Thursday. While the The Stoxx Europe 600 shed 0.49%, Germany’s DAX 30 index and France’s CAC 40 index slipped 0.69% and 0.36%, respectively.

Crude oil prices advanced on Thursday after data showed U.S. crude inventories fell more than expected last week. The Energy Information Administration on Wednesday reported that U.S. crude stockpiles dropped by 6.5 million barrels last week, which was steeper than the expected decrease of 2.7 million barrels. However, refineries were reported to boost their output to the highest percentage of capacity in 12 years with nearly 17.6 million barrels of crude last week.

According to data released by the Cabinet Office, Japan's core machinery orders unexpectedly inched lower for a third consecutive month in June. Core orders were posted to have decreased 1.9 percent in June from the previous month following a 3.6 percent tumble in May.



Technicals

NZDUSD



NZDUSD has been under downward pressure exerted by two MAs that are hanging above the price action, especially the short-term MA20. The price action failed to cross over this dynamic resistance and has even fallen to as low as 0.72600 - the lowest level since July 18th. With a market dominated by sellers, the pair is expected to test a support at 38.2% Fibonacci retracement.

Trade suggestion

Sell Stop at 0.72600, Take profit at 0.72000, Stop loss at 0.72900



EURJPY



EURJPY’s price action has breached a significant level at 61.8% Fibonacci retracement after having failed to surpass a resistance at 129.500. The pair retested a low of 128.650 and looked set to extend its downtrend. While the RSI index is pointing lower, the ADX index is on a rise with a widening gap between the -DI and +DI lines, signaling further declines for the pair.

Trade suggestion

Sell Stop at 128.600, Take profit at 128.100, Stop loss at 128.800



AUDNZD



AUDNZD has been on a sharp uptrend which sent its price action above the 61.8% Fibonacci retracement. The pair is retesting a high at 1.08453 – the highest level since July 20th. With the support from two MAs lingering below the price action, the pair is anticipated to trade higher, likely to attempt a resistance at 1.09000.

Trade suggestion

Buy Stop at 1.08500, Take profit at 1.09000, Stop loss at 1.08300



Natural Gas




Natural gas futures prices have been trading around a level at 2.8800 after having surged to the highest level since July 31st. After a short correction, the price extended its rally. While the RSI index is soaring to as high as 68.06, the ADX index is also on a rise with a widening gap between the +DI and –DI lines, which suggest further advances for the commodity

Trade suggestion

Buy Stop at 2.8950, Take profit at 2.9500, Stop loss at 2.8700



SILVER




Silver has been tracing a strong uptrend after having surpassed a resistance at 16.850. As can be seen from the chart, the RSI index has been on a rise, hitting a high of 76.31, indicating a strengthening bullish momentum in the WTI market. ADX index is also edging higher, signaling further advances.

Trade suggestion

Buy Stop at 17.060, Take profit at 17.260, Stop loss at 16.960



FTSE 100



After a period of moving sideways above the level of 7480.00, U.K.’s FTSE 100 index gapped down and fell into a shrinking trading range. The price action also crossed over both the short-term MA20 and the long-term MA50 from above, suggesting a reversal into a downtrend. A support at 7360.00 is within the sight.

Trade suggestion

Sell Stop at 7410.00, Take profit at 7360.00, Stop loss at 7435.00

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

RBNZ To Hold Rates Until Q3 2019, New Zealand Dollar Sinks

New Zealand dollar lost ground versus most of its peers on Thursday after its central bank held interest rates at a record low for a fifth consecutive time and announced that the rate might not be hiked in the next two years due to weak inflation.

The kiwi dropped more than 0.4 percent against its American counterpart to trade at $0.7308 – the lowest level since July 18th. In a statement after the Reserve Bank of New Zealand (RBNZ) having kept the official cash rate at 1.75 percent, Governor Graeme Wheeler said that “Monetary policy will remain accommodative for a considerable period”.

New Zealand’s inflation slowed to 1.7 percent in the June quarter after a rise of 2.2 percent in the three-month period to March which marked the first time in five years that inflation returned to the central bank 2 percent goal. For the first quarter of 2018, RBNZ forecast the rate would decline to 0.7 percent – lower than it previously expected.

Meanwhile, a strong New Zealand dollar continues to put pressure on import prices and suppresses inflation. Governor Graeme Wheeler claimed that “A lower New Zealand dollar is needed to increase tradables inflation and help deliver more balanced growth,” given the fact that the local dollar has added 6 percent so far this year.

Trade suggestion

Sell Stop at 0.73000, Take profit at 0.72600, Stop loss at 0.73200

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

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

GBP/JPY


From GMT 07:00 10/08/2017
Til GMT 21:00 10/08/2017

Sell at 142.600
Take profit at 142.000
Stop loss at 142.900

Re: Daily Market Research by Capital Street FX

PostPosted: Fri Aug 11, 2017 2:07 pm
by CSFX.Support
Daily Report on August 11, 2017



Asian shares tumbled on Friday, extending a global stock sell-off after a U.S. slump overnight. Tensions ramped up between the U.S. and North Korea, causing investors to flee into less risky assets such as the Japanese Yen, gold and U.S. government bonds. Overnight, Wall Street closed sharply lower with the Nasdaq dropping 2.1 percent while the S&P 500 and the Dow Jones Industrial Average pulling back 1.4 percent and 0.9 percent, respectively.

Escalating tension between the U.S. and North Korea continued to dominate sentiment in financial markets after U.S. President Donald Trump on Thursday warned Pyongyang against attacking U.S. Pacific territory of Guam or U.S. allies. Stocks tumbled in Asia with MSCI's broadest index of Asia-Pacific shares outside Japan shedding 0.6 percent in its third session of declines. The stock benchmark index looked set to close the week 1.5% lower.

Equities in Australia and South Korea were also on a decline. While Australia’s S&P/ASX 200 Index fell 1 percent, South Korea’s Kospi index slipped 1.5 percent. The Hang Seng Index in Hong Kong gapped down by 1.5 percent while China’s Shanghai Composite Index also traded lower. Contracts on the S&P 500 Index lost less than 0.1 percent after the underlying index suffered from its steepest slide since May 17 on Thursday.

The Australian dollar slipped versus its American counterpart after RBA governor Philip Lowe on Friday said that interest rates would rise over time, although not for a while given the fact that low wage growth, high debt and energy prices are putting pressure on consumer spending.



Technicals

AUDUSD



The pair AUDUSD extended its downtrend following a period of moving sideways that had caused the price to move around a level at 0.78900. Under downward pressure exerted by two MAs which have been lingering above the price action, the pair is expected to trade lower and is likely to test a support at 0.77850. RSI is pointing downward, confirming the downtrend.

Trade suggestion

Sell Stop at 0.78400, Take profit at 0.77850, Stop loss at 0.78650



NZDUSD



NZDUSD retested a support at 0.72600 after a short correction as recent down moves had sent the market into the oversold zone, as indicated by the RSI index which is at as low as 28.48. As can be seen from the ADX chart, ADX index is edging higher with a widening gap between –DI and +DI lines. With pressure from two MAs, the pair is anticipated to trade as low as the 38.2% Fibonacci retracement.

Trade suggestion

Sell Stop at 0.72500, Take profit at 0.72000, Stop loss at 0.72700



EURJPY



EURJPY continued to inch lower after having fallen from a firm support of 128.600 – the level that has restrained the pair from falling lower since July 13th. While RSI index is heading lower, ADX is on a rise with a widening distance between –DI and +DI lines, signaling further declines for the currency pair.

Trade suggestion

Sell Stop at 128.250, Take profit at 127.800, Stop loss at 128.400



BRENT



Brent crude has been tracing a sharp uptrend after having soared to as high as 53.610 – the highest level since May 25th. The price action has crossed over both the long-term MA50 and the short-term MA20, confirming a reversal into a downtrend. A support at 23.6% Fibonacci retracement is within the sight.

Trade suggestion

Sell Stop at 51.700, Take profit at 50.900, Stop loss at 52.100



FTSE 100


FTSE 100 index on Thursday did not only fell back into a shrinking trading range which connects lower highs and higher lows but also breach out of this range from above. The stock benchmark index is posed to trade lower with a support at 7305.00 within the sight. While RSI index is heading lower, ADX is rising with a widening gap between –DI and +DI lines, signaling further down moves.

Trade suggestion

Sell Stop at 7345.00, Take profit at 7305.00, Stop loss at 7365.00



S&P 500 Index


SP500 fell sharply on Thursday and looked set to extend its down moves in the last trading session of the week. While the RSI index has jumped into the oversold zone, ADX index continued to move higher. The index is anticipated to attempt a firm support at 2420.00.

Trade suggestion

Sell Stop at 2434.00, Take profit at 2420.00, Stop loss at 2340.00



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

Yen Soars to Two-month Highs versus Dollar As U.S.- North Korea Tensions Escalate


Asian shares tumbled on Friday, extending a global stock sell-off after a U.S. slump overnight. Tensions ramped up between the U.S. and North Korea, causing investors to flee into less risky assets such as the Japanese Yen.

The Yen gained ground versus the U.S. dollar on Friday, sending the pair USDJPY lower for a fourth session in a row. Overnight, Wall Street closed sharply lower with the Nasdaq dropping 2.1 percent while the S&P 500 and the Dow Jones Industrial Average pulling back 1.4 percent and 0.9 percent, respectively.

Escalating tension between the U.S. and North Korea continued to dominate sentiment in financial markets after U.S. President Donald Trump on Thursday warned Pyongyang against attacking U.S. Pacific territory of Guam or U.S. allies. Earlier this week, North Korea announced that it is “carefully examining” plans for firing a ballistic missile toward Guam.

Stocks tumbled in Asia with MSCI’s broadest index of Asia-Pacific shares outside Japan shedding 0.6 percent in its third session of declines. The stock benchmark index looked set to close the week 1.5% lower. Investors headed for havens like Yen in times of geopolitical tension as Japan is the world’s biggest creditor nation and it has big current account surpluses.

The pair USDJPY lost 0.12 percent to trade at 109.07 yen – the lowest level since June 14th – in the first half of Asian trading session.

Trade suggestion

Sell Stop at 109.000, Take profit at 108.600, Stop loss at 109.200

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

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

AUD/JPY


From GMT 09:00 11/08/2017
Till GMT 21:00 11/08/2017

Sell at 85.500
Take profit at 85.000
Stop loss at 85.700

Re: Daily Market Research by Capital Street FX

PostPosted: Mon Aug 14, 2017 6:29 pm
by CSFX.Support

Daily Report on August 14, 2017



Tracing upbeat sentiments on Wall Street as U.S. closed the week higher last Friday, Asian shares reversed losses on Monday following three losing sessions in a row. MSCI's broadest index of Asia-Pacific shares outside Japan jumped 0.7 percent after having fallen for three straight days previously due to escalating tensions between the United States and North Korea. Australian stocks also advanced, adding 0.5 percent.

While South Korea's KOSPI index rose 0.4 percent, Hong Kong's Hang Seng index climbed 0.8 percent and Shanghai Composite index edged 0.2 percent higher. By contrast, Japanese equities bucked the trend on the back of a stronger yen. Japan's Nikkei and Japan’s Topix index both fell around 1 percent. Futures on the S&P 500 Index added 0.3 percent after the underlying gauge lost 1.4 percent last week.

According to data released by the National Bureau of Statistics, China's factory output slowed more than expected in July. On a yearly basis, factory output was reported to rise 6.4 percent last month - the slowest pace since January. The reading decreased from 7.6 percent recorded in June and missed forecast calling for a rate of 7.2 percent in July. China’s fixed-asset investment expanded 8.3 percent in the first seven months amidst expectations calling for growth of 8.6 percent.

Earlier on Monday, Statistics New Zealand published a report that indicated the country’s retail sales rose better than expected in the second quarter. As stated by the report, New Zealand reported retail sales jumped 2.0% in the second quarter compared to a three-month period to March. The figure far exceeded a 0.7% rise expected by economists.



Technicals

USDJPY



USDJPY has been on a steady rise with recent upbeat moves sending the pair’s price action above both short-term MA20 and long-term MA50. Both ADX index and RSI index are edging higher with a widening distance between the +DI and –DI lines. The currency pair is anticipated to advance further. A resistance at 110.100 is within the sight.

Trade suggestion

Buy Stop at 109.600, Take profit at 110.100, Stop loss at 109.350



AUDUSD



AUDUSD reversed lower after having failed to cross over a dynamic resistance at the long-term MA50. The pair also fell below a support at 0.78900 and sent the price into the negative zone, as indicated by the RSI index that had inched to as low as 44.24. With downward pressure exerted by two MAs that are hanging above the price action, the pair is expected to test a support at 0.78100.

Trade suggestion

Sell Stop at 0.78700, Take profit at 0.78100, Stop loss at 0.79000



USDCAD



The currency pair USDCAD bounced back from a support at 1.26700 and is trading higher in an attempt to test a resistance at 1.27500. Recent up moves keeps the RSI index in the positive territory while sending the price action above the short-term MA20, indicating a strengthening bullish momentum in the market.

Trade suggestion

Buy Stop at 1.27100, Take profit at 1.27500, Stop loss at 1.26900



GOLD




Gold extended its down moves after having failed to bring its price action above a couple of MAs. The precious metal’s price eventually fell below the long-term MA50 and is heading lower towards a support at 1275.00. While RSI index is tumbling, ADX index is on a rise with a widening distance between the –DI and +DI lines.

Trade suggestion

Sell Stop at 1281.00, Take profit at 1275.00, Stop loss at 1284.00



COPPER


Copper has been tracing a downtrend after reversing lower from a resistance at 2.9160. The price action has penetrated a couple of MAs from above, confirming the downtrend. While RSI index continues to point downwards, ADX index is ticking higher, signaling further advances for the commodity’s prices.

Trade suggestion

Sell Stop at 2.8900, Take profit at 2.8700, Stop loss at 2.9000



DOW JONES 30




U.S. Dow Jones 30 Index has been tracing an uptrend with support from two moving averages. The price action has crossed over the long-term MA50 from below, which confirmed the uptrend. Further upbeat moves are expected as the RSI index is soaring while ADX index, which is also on a rise, is witnessing a widening gap between +DI and –DI lines.

Trade suggestion

Buy Stop at 21945.00, Take profit at 22050.00, Stop loss at 21900.00

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

North Korea Tensions Ease, S&P500 Index Jumps Most Since Late-June


U.S. shares advanced on Monday, recovering from last week’s sharp losses caused by tensions between the U.S. and North Korea. While the Dow Jones Industrial Average jumped more than 0.7 percent, the Nasdaq Composite Index soared more than 1.2 percent.

Tensions over North Korea eased thanks to comments from U.S. Secretary of Defense Jim Mattis and Secretary of State Rex Tillerson that showed Trump administration was seeking diplomatic solutions to achieve the “irreversible denuclearization” of North Korea.

The S&P 500 index also climbed more than 1 percent on Monday, supported by technology and financial shares. All of the S&P 500 index’s primary sectors gaining on the day, helping the stock gauge recover from the biggest one-week percentage drop of 1.4% last week since March.

The index also looked set to record the biggest one-day percentage rise since June 28th. Topping the market, technology sector jumped 1.4% while financial sector advanced 1.48%.

Trade suggestion

Buy Stop at 2465.00, Take profit at 2475.00, Stop loss at 2460.00

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

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

Global Shares and Dollar Strengthen As Geopolitical Concerns Ease, Gold Ticks Down


Gold futures price edged lower on Monday as global shares and U.S. dollar advanced, recovering from last week’s sharp losses caused by tensions between the U.S. and North Korea. Tracing upbeat moves of Asian shares, European stocks and U.S. equity futures rose, driving market appetite away from safe-havens to more risky assets.

The Stoxx Europe 600 index jumped nearly 0.9 percent, partly paring a loss of 2.7% it suffered last week. The pan-European benchmark looked set to close higher for the first time following three days of declines in a row which sent the index to the lowest level since late February last Friday.

While Germany’s DAX 30 index DAX soared more than 1.10% to trade at 12,145.54, France’s CAC 40 index added +0.95% and the U.K.’s FTSE 100 index climbed 0.59%. Tensions over North Korea eased thanks to comments from U.S. Secretary of Defense Jim Mattis and Secretary of State Rex Tillerson that showed Trump administration was seeking diplomatic solutions to achieve the “irreversible denuclearization” of North Korea.

Gold futures for September delivery lost nearly 0.7 percent to trade at $1280.00 an ounce also because the greenback strengthened. The U.S. Dollar Index which measures the currency against a half-dozen rivals, jumped 0.28 percent to 93.34. The precious metal had risen to its highest since June 6 at $1,298.10 in the prior session.

Trade suggestion

Sell Stop at 1280.00, Take profit at 1275.00, Stop loss at 1282.00

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

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

USD/CHF


From GMT 04:30 14/08/2017
Till GMT 21:00 14/08/2017

Buy at 0.96500
Take profit at 0.96900
Stop loss at 0.96300

Re: Daily Market Research by Capital Street FX

PostPosted: Tue Aug 15, 2017 5:43 pm
by CSFX.Support

Daily Report on August 15th, 2017




Japanese Yen extended losses versus its American counterpart to a third consecutive trading session on Tuesday as global shares continued to advance, sapping investors’ appetite for safe-haven assets like the Yen. As the prospect of war between the U.S. and North Korea receded, Asian shares traded higher, tracing gains on Wall Street overnight.

MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.5 percent while Japan’s Topix index surged 1.2 percent. Stock indexes from Hong Kong to Sydney were also on a rise with Hong Kong’s Hang Seng index adding 0.4 percent and Australia’s S&P/ASX 200 Index gaining 0.7 percent. The Shanghai Composite Index also traded higher, climbing 0.6 percent.

Futures on the S&P 500 advanced by 0.3 percent in Asian morning session after the underlying gauge closed 1 percent higher on Monday. A report from Korean Central News Agency (KCNA) on Tuesday showed that Kim Jong Un praised the military for drawing up a “careful plan” to fire missiles toward Guam but also decided not to launch a threatened missile attack on Guam, saying that saying he would watch the U.S.’s conduct “a little more.”

Crude oil prices remained weak on Tuesday following a decline of 2.5 percent in the previous session. Official data released on Monday showed that in July Chinese oil refineries operated at their lowest daily rates since September 2016. As the world's second-largest oil user, China’s demand concerns weighed down crude prices.



Technicals

AUDUSD



As can be seen from the price chart, the currency pair AUDUSD has been under downward pressure from two MAs that are hanging above the price action. With the RSI index heading downward while ADX index edging higher, not to mention a widening gap between –DI and +DI lines, the pair is expected to trade lower and test a support at 0.77800.

Trade suggestion

Sell Stop at 0.78300, Take profit at 0.77800, Stop loss at 0.78500



USDCAD




The pair USDCAD retested a firm resistance at 1.27500 after having failed to surpass this level last Friday. Two moving averages are lingering below the price action, supporting the pair to inch higher. Both RSI and ADX indices are advancing, whereas, the distance between +DI and –DI lines is widening, confirming the uptrend.

Trade suggestion

Buy Stop at 1.27500, Take profit at 1.27900, Stop loss at 1.27300



CHFJPY



CHFJPY rebounded from a strong support at as low as 112.650. Recent up moves did not only send the price action above a couple of MAs but also helped the pair to cross over a firm resistance at 113.900. Both the RSI and ADX indices are edging higher while the gap between +DI and –DI lines are widening, the pair is expected to trade higher.

Trade suggestion

Buy Stop at 113.600, Take profit at 114.100, Stop loss at 113.400



GBPUSD




As can be seen from the chart, the pair GBPUSD has been depressed by two MAs that are hanging above the price action. The pair is testing a significant level at 23.6% Fibonacci level and looks set to break out of this level to test a support at 1.28500. RSI has fallen into the oversold zone, while ADX index is on a strong rise, signaling further declines.

Trade suggestion

Sell Stop at 1.29100, Take profit at 1.28500, Stop loss at 1.29400



WTI




U.S. crude oil price resumed the downtrend after a short correction. The commodity has been under downward pressure from two MAs hanging above the price after having failed to cross over these two dynamic resistances. A support at 46.700 is within the sight as RSI and ADX indices are signaling further declines.

Trade suggestion

Sell Stop at 47.400, Take profit at 46.700, Stop loss at 47.700



Natural Gas



Natural Gas fell below the short-term MA20 after being supported by this moving average for a while. Both RSI and ADX indices are heading lower, which indicates a weakening bullish force in the market. The commodity is anticipated to retreat in an attempt to test a support at 2.8950.

Trade suggestion

Sell Stop at 2.9400, Take profit at 2.8950, Stop loss at 2.9600



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

Global Shares Advance, Diverting Flows Away From Haven Assets, Yen Inches Lower


Japanese Yen extended losses versus its American counterpart to a third consecutive trading session on Tuesday as global shares continued to advance, sapping investors’ appetite for safe-haven assets like the Yen.

The currency pair USDJPY surged more than 0.5 percent on Tuesday to 110.19 yen per dollar following a rise of 0.4 percent on Monday. As the prospect of war between the U.S. and North Korea receded, Asian shares traded higher, tracing gains on Wall Street overnight.

MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.5 percent while Japan’s Topix index surged 1.2 percent. Stock indexes from Hong Kong to Sydney were also on a rise with Hong Kong’s Hang Seng index adding 0.4 percent and Australia’s S&P/ASX 200 Index gaining 0.7 percent.

A report from Korean Central News Agency (KCNA) on Tuesday showed that Kim Jong Un praised the military for drawing up a “careful plan” to fire missiles toward Guam but also decided not to launch a threatened missile attack on Guam, saying that saying he would watch the U.S.’s conduct “a little more.”

Futures on the S&P 500 advanced by 0.3 percent in Asian morning session after the underlying gauge closed 1 percent higher on Monday.

Trade suggestion

Buy Stop at 110.250, Take profit at 110.900, Stop loss at 110.000

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

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British Pound Declines Further After U.S. July Retail Sales Data Smash Expectations

British Pound tumbled against its American counterpart on Tuesday after U.K. inflation came in softer than expected while U.S. retail sales data beat expectations.

The currency pair GBPUSD dropped nearly 0.89% to plunge to $1.28500 – the lowest level since July 12th. The Office for National Statistics reported that British inflation remained unchanged at 2.6% in July which missed analysts’ expectation calling for a 2.7% reading. Inflation had risen to a four-year high of 2.9% in May but cooled to a rate of 2.6% in the next two months.

Meanwhile, U.S. Census Bureau released July data that showed retail sales rise 0.6% on the month, compared with 0.4% expected. Core retail sales were reported to advance by 0.5% on a monthly basis, also topping forecast for a rise of 0.3%.

Trade suggestion

Sell Stop at 1.28450, Take profit at 1.28000, Stop loss at 1.28650

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GBP/JPY


From GMT 11:30 15/08/2017
Till GMT 21:00 15/08/2017

Sell at 142.000
Take profit at 141.400
Stop loss at 142.300