Daily Technical Analysis Report By Capital Street Fx

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Research Report 21st-october-2020

Asian stocks gain, yuan soars as traders bet on U.S. stimulus, again. The Shanghai composite is down 0.53% at 3,310. Overall, the Singapore MSCIup 0.50% to 292.3.Over in Hong Kong, the Hang Seng Index up by 0.75% to 24,751. In Japan, the Nikkei 225 up0.32% to 23,639 ,while the Topix index was up0.86% to 1639. South Korea’s Kospi up 0.42% to 2,366.93. Australia S&P/ASX 200 up0.12% to 6191.8.

European equities looked set to follow. The DAX futures contract in Germany traded 0.92% lower at 12736, CAC 40 futures in France flat at 4929.3 and the UK 100 futures contract in the U.K. up 0.08% to 5889.2.

In U.S. on Wall Street, the Dow Jones Industrial Average closed down0.40 % to 28308, the S&P 500 up0.47% to 3443.1 and the Nasdaq Composite up1.18% to 128.99,NYSE closes at 13092down0.57%.

In the Forex market, GBPUSD up 0.25% to 1.29813. The USDJPY down 0.18% to 105.304 .The USDCHF down 0.11% at 0.90600.EURUSD up 0.21% at 1.18461, EUR/GBP down 0.03% at 0.91276. The USD/CNY down 0.37% at 6.6507, at the time of writing.

In the commodity market U.S. gold futures up 0.36%to $1,915.13. Elsewhere, Silver up 1.01% to $24.891 per ounce, platinum down 0.59% at $878.62 per ounce, and palladium down 0.33 % to $2,402.

Crude Oil down on Wednesday, Brent crude futures (LCOc1) down 0.09% to $42.74 a barrel while U.S. West Texas Intermediate (CLc1) futures is up 0.49%, to $41.33.

In the Cryptocurrency Markets, BTCUSD at 12264up2.91%, Ethereum at 380.77up 3.25%, Litecoin down 4.37% at 48.962, at the time of writing.

Corporate news: Western Digital (WDC) up 7.855% at $40.92, United Airlines Holdings(UAL) up 3.923% to $35.5, Appledown2.554% to $115.98, JP Morgan Chase & Co. down 1.685% to $99.8,Procter & Gamble down 1.718% to $141.91, Ross Stores Incdown4.373% at $90.96.

Economic news: US building permits (SEPT) rises from 1.476M to 1.553M

US:Building permits (SEPT) rises from 1.476M to 1.553M

Eurozone:The latest curbs in Ireland will see GDP fall by 3.5% this year, Finance Minister Paschal Donohoe said.

Important Data: UK CORE CPI (YOY-SEPT) stood at 0.5% earlier which was 0.2% and estimated at 0.5%.CANADA CORE CPI (MOM-SEPT) will be announced today at 8:30.UK public sector net borrowing increased from 29.38B to 35.37B estimated to be 32.4B.

TECHNICAL SUMMARY

GBPUSD


 Technical Analysis
 Technical Analysis

TRADE SUGGESTION- BUY AT 1.30, TAKE PROFIT AT 1.30557 AND STOP AT 1.29539

EURUSD


 Technical Analysis
 Technical Analysis

TRADE SUGGESTION- BUY AT 1.18809 , TAKE PROFIT AT 1.19139 AND STOP LOSS AT 1.18276

EURSEK


 Technical Analysis
 Technical Analysis

TRADE SUGGESTION- SELL AT 10.36678 , TAKE PROFIT AT 10.33471AND STOP AT 10.38081

USDZAR


 Technical Analysis
 Technical Analysis

TRADE SUGGESTION- SELL AT 16.47730 , TAKE PROFIT AT 16.29811 AND STOP AT 16.48726

FTSEMIB40


 Technical Analysis
 Technical Analysis

TRADE SUGGESTION- BUY AT 19572, TAKE PROFIT AT 19721 AND STOP AT 19403

GOLD


 Technical Analysis
 Technical Analysis

TRADE SUGGESTION- BUY AT 1924.96 TAKE PROFIT AT 1928.43 AND STOP AT 1912.18

CRUDE OIL


 Technical Analysis
 Technical Analysis

TRADE SUGGESTION- BUY AT 41.17, TAKE PROFIT AT 41.82 AND STOP AT 40.7

RIPPLE MINI


 Technical Analysis
 Technical Analysis

TRADE SUGGESTION- BUY AT 0.23360, TAKE PROFIT AT 0.239118 AND STOP AT 0.2296
 

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Technical Analysis Report – 26th October 2020

Asian shares subdued as S&P slips, virus surges. The Shanghai Composite is down 0.92% at 3,247. Overall, the Singapore MSCIdown 0.75% to 289.6. Over in Hong Kong, the Hang Seng Index up by 0.54% to 24,918. In Japan, the Nikkei 225 down0.08% to 23,495, while the Topix index was down0.25% to 1618.5. South Korea’s Kospi up 0.42% to 2,350.99. Australia S&P/ASX 200 down0.18% to 6155.6.

European equities Friday closing. The DAX futures contract in Germany traded 0.82% up at 12645.75, CAC 40 futures in France down 1.2% at 4909.6 and the UK 100 futures contract in the U.K. down 0.81% to 5827.5.

In U.S. on Wall Street, the Dow Jones Industrial Average closed down0.10% to 28335.6, the S&P 500 up 0.34% to 3465.4 and the Nasdaq Composite down0.75% to 129.12,NYSE closes at 13199up0.41%.

In the Forex market, GBPUSD down 0.15% at 1.30213. The USDJPY up 0.21% to 104.905 .The USDCHF up 0.09% at 0.90518.EURUSD down 0.21% at 1.18322, EUR/GBPdown 0.11% at 0.90866. The USD/CNY up 0.04% at 6.6869, at the time of writing.

In the commodity market U.S. Gold futures flat down 0.41% $1,897.2. Elsewhere, Silver futures down 1.66% to $24.275 per ounce, Platinum down1.75% at $890.8 per ounce, and Palladium down 0.65 % to $2,383.

Crude Oil down on Friday, Brent crude futures (LCOc1) down1.73% to $40.94 a barrel while U.S. West Texas Intermediate (CLc1) futures is down1.72%, to $39.03.

In the Cryptocurrency Markets, BTCUSD at 13113up 0.57%, Ethereum at 407.65up 0.38%, Litecoin down1.50% at 57.96, at the time of writing.

Corporate news: SVP Financial Group up 3.97% at $296.38,Intel Corp. down 10.575% to $48.2,Ebay Inc.up 2.869% to $53.79,Facebook up 2.398% to $284.79,P&Gup 0.658% to $142.38, Walmart up 0.209% at $143.85.

Economic news:

US:Business activity increased to a 20-month high in October, but the pace of new business growth and new orders eased slightly amid the lingering COVID-19 pandemic and caution ahead of the Nov. 3 presidential election.

Eurozone: Eurozone economic activity slipped back into decline this month as a second wave of the coronavirus sweeps across the continent, heightening expectations for a double-dip recession, surveys showed on Friday. Important Data: US new homes sales data to be released today at 10, previously which was 1,011K, and this time estimated around 1,025K. New Zealand to publish its trade balance data today at 17:45, previously which was -353M this time estimated around -1015M.

TECHNICAL SUMMARY

GBPUSD


Technical Analysis
Technical Analysis

TRADE SUGGESTION- SELL AT 1.30222, TAKE PROFIT AT 1.298 AND STOP AT 1.30567

EURUSD


Technical Analysis
Technical Analysis

TRADE SUGGESTION- BUY AT 1.18451 , TAKE PROFIT AT 1.18654 AND STOP LOSS AT 1.18247

AUDCHF


Technical Analysis
Technical Analysis

TRADE SUGGESTION- SELL AT 0.6434 , TAKE PROFIT AT 0.6367 AND STOP AT 0.6474

CADCHF


Technical Analysis
Technical Analysis

TRADE SUGGESTION- SELL AT 0.68708 , TAKE PROFIT AT 0.68549 AND STOP AT 0.68849

EURO STOXX 50


Technical Analysis
Technical Analysis

TRADE SUGGESTION- SELL AT 3132, TAKE PROFIT AT 3120 AND STOP LOSS AT 3176

GOLD


Technical Analysis
Technical Analysis

TRADE SUGGESTION- SELL AT 1899 TAKE PROFIT AT 1888 AND STOP LOSS AT 1905

CRUDE OIL


Technical Analysis
Technical Analysis

TRADE SUGGESTION- SELL AT 38.66, TAKE PROFIT AT 36.62 AND STOP AT 39.6

ETHEREUM


Technical Analysis
Technical Analysis

TRADE SUGGESTION- BUY AT 403.31, TAKE PROFIT AT 414 AND STOP AT 400
 

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Technical Analysis Report – 28th October 2020

Asian shares slipped on Wednesday as coronavirus infections grew at an alarming pace in the United States and Europe. The Shanghai composite is up 0.38% at 3,266.84. Overall, the Singapore MSCIdown 0.38% to 285.5.Over in Hong Kong, the Hang Seng Index down by 0.11% to 24,690. In Japan, the Nikkei 225 down0.35% to 23,403 ,while the Topix index was down0.% to 1604. South Korea’s Kospidown 0.29% to 2,338.19. Australia S&P/ASX 200 down1.7% to 6051.
European equities Tuesday closing. The DAX futures contract in Germany traded 0.93% down at 12063.57, CAC 40 futures in France down 1.77% at 4730.7 and the UK 100 futures contract in the U.K. up 0.2% at 5710.
In U.S. on Wall Street, the Dow Jones Industrial Average closed down0.8% to 27463, the S&P 500down0.3% to 3390.7 and the Nasdaq Composite up0.64% to 11431.4,NYSE closes at 12817.86down0.92%.
In the Forex market, GBPUSD down 0.02% at 1.30433. The USDJPY down 0.15% to 104.259.The USDCHF down 0.04% at 0.90593.EURUSD down 0.15% at 1.17781, EUR/GBPdown 0.10% at 0.90301. The USD/CNY up 0.11% at 6.7109, at the time of writing.
In the commodity market U.S. Gold futures up 0.11% $1,909.9. Elsewhere, Silver futures down0.49% to $24.45 per ounce, Platinum up0.56% at $885.52 per ounce, and Palladium up 0.47 % to $2,348.
Crude Oil up on Tuesday, Brent crude futures (LCOc1) down0.49% to $40.50 a barrel while U.S. West Texas Intermediate (CLc1) futures is down 0.60%, to $38.72.
In the Cryptocurrency Markets, BTCUSD at 13716up 0.53%, Ethereum at 404.49 down0.36%, Litecoin up 2.31% at 59.29, at the time of writing.
Corporate news: Amazon.com Inc up 2.472%at $3286,Twitter Incup 4.633% at$51.27,Facebookup 2.23% to $283.29,Nvidia Corp.up 1.944% to $535.87,American Airlines Group Inc.down4.831% to $11.23, Zoom Video Communicationup 4.094% at $538.99.
Economic news:
US:The outlook for the U.S. economy has dimmed in the run-up to the presidential election, according to a Reuters poll which showed that a recent resurgence in novel coronavirus cases ran a high risk of halting the economic recovery.
Eurozone:Almost 200 European airports face insolvency, airports body ACI Europe says.
Important Data: US crude oil inventory data to be released today at 10:30, previously which was -1.001M and this time estimated around 1.230M. Japan publishes its Retail Sales data today at 19:50, previously which was -1.9% this time estimated around -7.7%.
TECHNICAL SUMMARY
GBPUSD

Technical Analysis
Technical Analysis

TRADE SUGGESTION- BUY AT 1.305, TAKE PROFIT AT 1.30728 AND STOP AT 1.30215
EURUSD

Technical Analysis
Technical Analysis

TRADE SUGGESTION- SELL AT 1.17690 , TAKE PROFIT AT 1.17 AND STOP LOSS AT 1.178
USDSEK

Technical Analysis
Technical Analysis

TRADE SUGGESTION- SELL AT 8.74, TAKE PROFIT AT 8.69 AND STOP AT 8.76
USDTRY

Technical Analysis
Technical Analysis

TRADE SUGGESTION- SELL AT 8.23574 , TAKE PROFIT AT 8.20 AND STOP AT 8.245
NIKKEI 225

Technical Analysis
Technical Analysis

TRADE SUGGESTION- SELL AT 23406, TAKE PROFIT AT 23333 AND STOP AT 23430
GOLD

Technical Analysis
Technical Analysis

TRADE SUGGESTION- SELL AT 1902 TAKE PROFIT AT 1894.64 AND STOP AT 1911
CRUDE OIL

Technical Analysis
Technical Analysis

TRADE SUGGESTION- SELL AT 38.38, TAKE PROFIT AT 37.54 AND STOP AT 38.77
ETHEREUM

Technical Analysis
Technical Analysis

TRADE SUGGESTION- SELL AT 393.98, TAKE PROFIT AT 385.22 AND STOP AT 399.75
 

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Technical Analysis Report on 04 November 2020

Asian Stocks Up, but Pare Earlier Gains Over Closer-Than-Expected U.S. Election.The Shanghai composite is down0.01% at 3,271.31. Overall, the Singapore MSCIup0.88% to 285.7.Over in Hong Kong, the Hang Seng Index down by 0.56% to 24,893. In Japan, the Nikkei 225 up2.06% to 23,760 ,while the Topix index was up1.5% to 1629. South Korea’s Kospi up0.67% to 2,359.03. Australia S&P/ASX 200 down0.07% to6062.1.
European equities Tuesday closing. The DAX futures contract in Germany traded 0.44% up at 12124, CAC 40 futures in France up 2.44% at 4805.6 and the UK 100 futures contract in the U.K. up2.33% at 5,786.
In U.S. on Wall Street, the Dow Jones Industrial Average closed up2.06% to 27480 the S&P 500up1.78% to 3369.2 and the Nasdaq Composite up1.85% to 11160.6,NYSE closes at 12877.45up1.7%.
In the Forex market, GBPUSD down 0.48% at 1.29861. The USDJPY up 0.41% to 104.85.The USDCHF up 0.38% at 0.91544 .EURUSD down 0.45% at 1.16584, EUR/GBPup 0.10% at 0.89756. The USD/CNY up 0.30% at 6.6961, at the time of writing.
In the commodity market U.S. Gold futures down 0.66% $1,897.4. Elsewhere, Silver futures down2.17% to $23.805 per ounce, Platinum down1.22% at $864.3 per ounce, and Palladium down0.52 % to $2,285.
Crude Oil up onWednesday, Brent crude futures (LCOc1) up0.05% to $40.05 a barrel while U.S. West Texas Intermediate (CLc1) futures isup2.31%, to $37.66.
In the Cryptocurrency Markets, BTCUSD at 13750down2.08%, Ethereum at 383.35down1.31%, Litecoin down0.89% at 53.44, at the time of writing.
TOP STOCKS TO WATCH OUT TODAY:
Arista Networksup15.441%at $249.49,Gartner Inc. up12.622% at$140.8,Pay Pal Holdings Inc down4.234% to $179.81,Tesla Inc up5.84% to $423.9,Liberty Global PLCup 4.501% to $19.27American Expressup2.367% at $93.4.
Economic news:
US:The U.S. Treasury said on Monday it plans to borrow $617 billion in the fourth quarter, lower than the August estimate, with the decline due to the department’s higher cash balance at the beginning of October.
The $617-billion estimate assumes an end-December cash balance of $800 billion, the Treasury said in a statement.
The Treasury also said it issued $454 billion in net debt in the third quarter, ending the three-month period with a cash balance of $1.782 trillion.
In August 2020, Treasury had estimated privately-held net marketable borrowing of $947 billion and assumed an end-September cash balance of $800 billion.
Eurozone: The European Union and Britain have so far failed to reach agreement on three most persistent sticking points in talks, both sides said on Tuesday, suggesting any breakthrough in securing a trade deal is still a way off.
After nearly two weeks of intensified talks to try to strike a deal to protect nearly a trillion dollars of trade from severe disruption, stubborn differences over fisheries, fair competition and settling disputes have yet to be overcome.
Important Data: US Crude Oil Inventory data to published today at 10:30 , previously which was 4.320M this time estimated around0.890M.US Non-Farm Employment Change data to published today at 8:15 , previously which was 749K this time estimated around 650K.UKComposite PMI data to be published today at 4:30 ,previously which was 56.5 this time estimated around53.9.
TECHNICAL SUMMARY
GBPUSD

Technical Analysis
Technical Analysis

TRADE SUGGESTION- BUY AT 1.29827, TAKE PROFIT AT 1.30221 AND STOP AT 1.29092
EURUSD

Technical Analysis
Technical Analysis

TRADE SUGGESTION- SELL AT 1.16325, TAKE PROFIT AT 1.16020 AND STOP LOSS AT 1.16554
NZDUSD

Technical Analysis
Technical Analysis

TRADE SUGGESTION- BUY AT 0.66413, TAKE PROFIT AT 0.66666 AND STOP AT 0.66233
USDMXN

Technical Analysis
Technical Analysis

TRADE SUGGESTION- BUY AT 21.584 , TAKE PROFIT AT 21.65 AND STOP AT 21.47
EURO STOXX 50

Technical Analysis
Technical Analysis

TRADE SUGGESTION- SELL AT 3068, TAKE PROFIT AT 3027 AND STOP AT 3103
GOLD

Technical Analysis
Technical Analysis

TRADE SUGGESTION- SELL AT 1896 TAKE PROFIT AT 1891.31 AND STOP AT 1902
CRUDE OIL

Technical Analysis
Technical Analysis

TRADE SUGGESTION- SELL AT 40.09, TAKE PROFIT AT 39.26AND STOP AT 40.90
BTC USD

Technical Analysis
Technical Analysis

TRADE SUGGESTION- BUY AT 13754 TAKE PROFIT AT 14057 AND STOP AT 13682.18





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Technical Analysis Report on 09 November 2020


Asian Stocks Up, Boosted by Biden Win in U.S. Elections.The Shanghai composite isup 2.04% at 3,379.29 Overall, the Singapore MSCIup1.1% to 298.75.Over in Hong Kong, the Hang Seng Index up by 1.64% to 26,144. In Japan, the Nikkei 225 up2.34% to 24,910 ,while the Topix index was up1.45% to 1684.5. South Korea’s Kospiup1.26% to 2,447.49. Australia S&P/ASX 200 up1.75% to6298.8.
European equities Friday closing. The DAX futures contract in Germany traded 0.7% down at 12480, CAC 40 futures in France down 0.46% at 4960.9 and the UK 100 futures contract in the U.K.up1.30% at 5,985.
In U.S. on Wall Street, the Dow Jones Industrial Average closed down0.24% to 28323 the S&P 500down0.03% to 3509.4 and the Nasdaq Composite up0.04% to 11895.2,NYSE closes at 13218.674up0.15%.
In the Forex market, GBPUSD up 0.28% at 1.31806. The USDJPY up 0.17% to 103.510.The USDCHF down 0.04% at 0.89951.EURUSD up0.12% at 1.18871, EUR/GBPdown 0.09% at 0.90175. The USD/CNY down 0.58% at 6.5698, at the time of writing.
In the commodity market U.S. Gold futures up 0.58% $1,963.1. Elsewhere, Silver futures up1.36% to $26.005 per ounce, Platinum up0.82% at $906.8 per ounce, and Palladium down0.87% to $2,478.2.
Crude Oil downonMonday, Brent crude oilup2.02% to $40.46 a barrel while U.S. West Texas Intermediate (CLc1) isup 2.01%, to $38.13.
In the Cryptocurrency Markets, BTCUSD at 15449down0.26%, Ethereum at452.92 down0.42%, Litecoin down1.26% at 60.29, at the time of writing.
TOP STOCKS TO WATCH OUT TODAY:
Biogen Incdown7.516%at $328.9,Ebay Inc up 2.591% at$50.69,NVIDIA Corp. up2.839% to $582.48,Walt Disney Co. up0.394% to $127.46,Johnson & Johnson up1.782% to $142.25,Walmart Incup1.603% at $145.77.
Economic news:
US:The big decline in the U.S. unemployment rate last month suggests the economy needs less a broad pandemic relief package than targeted support for hard-hit sectors, even as an unprecedented surge in COVID-19 cases raises questions about the durability of the job market rebound.
Overall, more people returned to work in October and the share of people either employed or looking for work increased, data from the U.S. Labor Department showed on Friday. But the report also showed new hiring is slowing, long-term unemployment is on the rise and employment in some struggling industries is still far below pre-pandemic levels.
Eurozone: British Prime Minister Boris Johnson said on Sunday a trade deal with the European Union was “there to be done”, suggesting his view that the agreement’s broad outline was already “pretty clear” was shared in Brussels.
After months of talks on a deal to protect trade between the two neighbours from possible quotas and tariffs, the two sides have yet to close significant differences on at least two main sticking points.
Any deal should be agreed by mid-November to allow for ratification, with some businesses hoping that the time pressure and a COVID-19 crisis spiralling across much of Europe can focus minds to avoid disruption at the end of the year.
Important Data:US 3 Years Note Auction today at 11:30 , previously which was 0.193%. Switzerland Unemployment Rate to be published today at 1:45, previously which was 3.3% this time estimated around 3.4% .Germany Trade Balance data to published today , previously which was 15.7B this time estimated around 15.8B .
TECHNICAL SUMMARY
GBPUSD

Technical Analysis
Technical Analysis

TRADE SUGGESTION- BUY AT 1.31890, TAKE PROFIT AT 1.31960 AND STOP AT 1.31491
EURUSD

Technical Analysis
Technical Analysis

TRADE SUGGESTION- BUY AT 1.19070, TAKE PROFIT AT 1.18921AND STOP LOSS AT 1.18573
USDTRY

Technical Analysis
Technical Analysis

TRADE SUGGESTION- SELL AT 8.21815, TAKE PROFIT AT 8.09765 AND STOP AT 8.344
AUDUSD

Technical Analysis
Technical Analysis

TRADE SUGGESTION- BUY AT 0.72911 , TAKE PROFIT AT 0.73207 AND STOP AT 0.72601
EURO STOXX 50

Technical Analysis
Technical Analysis

TRADE SUGGESTION- BUY AT 3245 , TAKE PROFIT AT 3270 AND STOP AT 3239
GOLD

Technical Analysis
Technical Analysis

TRADE SUGGESTION- SELL AT 1955.72 TAKE PROFIT AT 1936.67 AND STOP AT 1966.18
CRUDE OIL

Technical Analysis
Technical Analysis

TRADE SUGGESTION- SELL AT 37.96, TAKE PROFIT AT 36.95 AND STOP AT 38.32
LITECOIN USD

Technical Analysis
Technical Analysis

TRADE SUGGESTION- SELL AT 55.42 TAKE PROFIT AT 54.33 AND STOP AT 56.31
 

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Technical Analysis Report on 10 November 2020



Asian stocks rally as investors applaud vaccine development.The Shanghai composite isdown0.14% at 3,368.69 Overall, the Singapore MSCIup3.0% to 307.3.Over in Hong Kong, the Hang Seng Index up by 0.9% to 26,265. In Japan, the Nikkei 225 up0.32% to 24,940 ,while the Topix index was up1.13% to 1700.5. South Korea’s Kospi up0.17% to 2,451.71. Australia S&P/ASX 200 up0.66% to6340.5.
European equities Monday closing. The DAX futures contract in Germany traded 4.94% up at 13095, CAC 40 futures in France up7.57% at5336.3 and the UK 100 futures contract in the U.K.up4.67% at 6,186.
In U.S. on Wall Street, the Dow Jones Industrial Average closed up2.95% to 29158 the S&P 500up1.17% to 3550.5 and the Nasdaq Composite down1.53% to 11713.8,NYSE closes at 13611.645down1.25%.
In the Forex market, GBPUSD up 0.10% at 1.3177. The USDJPY down 0.34% to 105.003.The USDCHF up 0.06% at 0.91291.EURUSD up0.11% at 1.18260, EUR/GBPup 0.04% at 0.89745. The USD/CNY down 0.27% at 6.6098, at the time of writing.
In the commodity market U.S. Gold futures up1.24% $1,877.4. Elsewhere, Silver futures up2.15% to $24.210 per ounce, Platinum up0.56% at $870.88 per ounce, and Palladium up0.04% to $2,483.5.
Crude Oil downonTuesday, Brent crude oildown0.19% to $41.92 a barrel while U.S. West Texas Intermediate (CLc1) isdown 0.33%, to $39.69.
In the Cryptocurrency Markets, BTCUSD at 15366up 0.23%, Ethereum at449.44 up1.17%, Litecoin down0.89% at 58.75, at the time of writing.
TOP STOCKS TO WATCH OUT TODAY:
Whirlpool Corpdown10.39%at $180.69,Marriott International Inc up 13.87% at$118.3,NVIDIA Corp. down6.395% to $545.23,Amazon.comdown5.062% to $3143.74,American Expressup21.388%% to $117.37,Procter & Gamble Co down 3.659% at $137.99.
Economic news:
US:Junk bond yields rode a rally in risk assets to a record low on Monday, as investors buoyed by a Joe Biden presidential victory and progress toward a Covid-19 vaccine poured into the debt of riskier companies.
Investors are seeking riskier, higher-paying assets on bets that a Biden presidency and Republican-controlled Senate could mean a smaller stimulus package and heavier reliance on the Federal Reserve’s monetary policy of ultra-low interest rates through at least 2023.
Eurozone: Britain set out on Monday how it would let European Union financial services firms operate in Britain after a post-Brexit transition period ends on Dec. 31, saying it was no longer waiting for Brussels to decide access to its markets in return.
Finance minister Rishi Sunak said it was clear that there were “many areas” where the EU was not prepared to assess Britain’s requests.
“Of course, we will always want a constructive and engaged relationship with the European Union,” Sunak told parliament.
Important Data: US API Weekly Crude Oil Data today at 16:30, previously which was -8.010M.UK Claimant count change data to be published today at 2:00, previously which was -153K this time estimated around -148K.UK Unemployment Rate to be published today at 2:00, previously which was 4.5% this time estimated around -4.8%.
TECHNICAL SUMMARY
GBPUSD

Technical Analysis
Technical Analysis

TRADE SUGGESTION- BUY AT 1.31920, TAKE PROFIT AT 1.32346AND STOP AT 1.31570
EURUSD

Technical Analysis
Technical Analysis

TRADE SUGGESTION- SELL AT 1.18257, TAKE PROFIT AT 1.17900 AND STOP LOSS AT 1.18578
USDNOK

Technical Analysis
Technical Analysis

TRADE SUGGESTION- SELL AT 9.01835, TAKE PROFIT AT 8.98660 AND STOP AT 9.11
AUDJPY

Technical Analysis
Technical Analysis

TRADE SUGGESTION- BUY AT 76.59 , TAKE PROFIT AT 77.03 AND STOP AT 76.08
DAX 30

Technical Analysis
Technical Analysis

TRADE SUGGESTION- BUY AT 13082 , TAKE PROFIT AT 13292.8 AND STOP AT 12804.7
GOLD

Technical Analysis
Technical Analysis

TRADE SUGGESTION- SELL AT 1886.65 TAKE PROFIT AT 1874.56AND STOP AT 1893.49
CRUDE OIL

Technical Analysis
Technical Analysis

TRADE SUGGESTION- BUY AT 40.22 , TAKE PROFIT AT 41.4 AND STOP AT 39.69
ETHEREUM

Technical Analysis
Technical Analysis

TRADE SUGGESTION- SELL AT 440.17 TAKE PROFIT AT 432.09 AND STOP AT 456.9
 

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Technical Analysis Report on 11 November 2020


Asian Stocks Up, Vaccine Optimism Gains Continue.The Shanghai composite isdown0.39% at 3,346.81 Overall, the Singapore MSCIdown0.55% to 307.3.Over in Hong Kong, the Hang Seng Index down by 0.03% to 26,354. In Japan, the Nikkei 225 up1.52% to 25,330 ,while the Topix index was up1.50% to 1727. South Korea’s Kospi up1.22% to 2,482.7. Australia S&P/ASX 200 up1.72% to6449.7.
European equities Tuesday closing. The DAX futures contract in Germany traded 0.51% up at 13163, CAC 40 futures in France up1.55% at5519 and the UK 100 futures contract in the U.K.up1.79% at 6,296.
In U.S. on Wall Street, the Dow Jones Industrial Average closed up0.90% to 29420 the S&P 500down 0.14% to 3545.5 and the Nasdaq Composite down1.37% to 11553,NYSE closes at 13707down0.71%.
In the Forex market, GBPUSD down 0.11% at 1.3255. The USDJPY up 0.07% to 105.328.The USDCHF up 0.02% at 0.91519.EURUSD up0.06% at 1.182, EUR/GBPup 0.20% at 0.89173. The USD/CNY down 0.19% at 6.6021, at the time of writing.
In the commodity market U.S. Gold futures up0.27% $1,882.24. Elsewhere, Silver futures up0.63% to $24.363 per ounce, Platinum up0.38% at $889.33 per ounce, and Palladium up0.06% to $2,463.5.
Crude Oil uponTuesday, Brent crude oilup0.30% to $44.13a barrel while U.S. West Texas Intermediate (CLc1) isup 0.25%, to $41.89.
In the Cryptocurrency Markets, BTCUSD at 15412up 0.64%, Ethereum at462.44 up2.64%, Litecoin up2.52% at 59.38, at the time of writing.
TOP STOCKS TO WATCH OUT TODAY:
General Motorsup5.44%at $41.08,Carnival Corpdown13.09% at$16.73,NVIDIA Corp. down6.315% to $510.8,PepsiCo Inc. up 2.362% to $141.72,CSX Corpup3.628% to $91.4,Procter & Gamble Co up1.645% at $140.26.
Economic news:
US:Kansas City Federal Reserve Bank President Esther George said Tuesday she was encouraged and surprised by the strength of the third-quarter bounceback from the coronavirus downturn, but said she expects growth to moderate, and believes Fed monetary policy is where it should be.
“The calibration right now is appropriate,” George said of the Fed’s near-zero interest rates and current pace of bond buys. The key risk to growth, she said in a virtual event put on by Monmouth University, is the coronavirus, which has put women and people of color out of work at higher rates than others, and continues to weigh on some sectors more than others.
Eurozone: Negotiators from the European Parliament and EU governments agreed the details of the 2021-2027 EU budget on Tuesday, in a crucial step for the activation of the bloc’s 1.8 trillion euro (£1.6 trillion) recovery package to make the economy greener and more digital.
“A deal for Europe – Council and European Parliament negotiators reach political agreement on the EU budget & recovery package,” the spokesman for the German presidency of the EU Sebastian Fischer said on Twitter.
The deal, which took almost four months to negotiate, now needs to be formally endorsed by EU governments and the European Parliament.
Important Data:US OPEC Monthly Report today at 06:00.UK NIESR GDP Estimateto be published today , previously which was 15.2%.JAPANTertiary Industry Activity Indexto be published today at 23:30 , previously which was 0.8%.
US Seevol Cushing Storage Report today at 9:30, previously which was 2.411M.
TECHNICAL SUMMARY
GBPUSD

Technical Analysis
Technical Analysis

TRADE SUGGESTION- BUY AT 1.3296, TAKE PROFIT AT 1.34055 AND STOP AT 1.31649
EURUSD

Technical Analysis
Technical Analysis

TRADE SUGGESTION- SELL AT 1.18202 , TAKE PROFIT AT 1.17826 AND STOP LOSS AT 1.18572
AUDCHF

Technical Analysis
Technical Analysis

TRADE SUGGESTION- BUY AT 0.6687, TAKE PROFIT AT 0.6709 AND STOP AT 0.6679
GBPCAD

Technical Analysis
Technical Analysis

TRADE SUGGESTION- BUY AT 1.73069 , TAKE PROFIT AT 1.73746 AND STOP AT 1.72454
DOW JONES

Technical Analysis
Technical Analysis

TRADE SUGGESTION- BUY AT 29495 , TAKE PROFIT AT 30000 AND STOP AT 29000
GOLD

Technical Analysis
Technical Analysis

TRADE SUGGESTION- SELL AT 1878 TAKE PROFIT AT 1847 AND STOP AT 1889
CRUDE OIL

Technical Analysis
Technical Analysis

TRADE SUGGESTION- BUY AT 42.3 , TAKE PROFIT AT 43.48 AND STOP AT 41.37
LITECOIN

Technical Analysis
Technical Analysis

TRADE SUGGESTION- SELL AT 55 TAKE PROFIT AT 52.82 AND STOP AT 55.96




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