Daily Technical Analysis Report By Capital Street Fx

[CSFXNEWS]

TECHNICAL ANALYSIS REPORT TODAY – 14 JULY 2021​

Asian shares fell on Wednesday after data showing the biggest jump in U.S. inflation in 13 years. The Shanghai composite is down 0.55% at 3,547.12. Overall, the Singapore MSCI down 0.30% at 360.60. Over in Hong Kong, the Hang Seng Index down 0.22% at 27,819. In Japan, the Nikkei 225 down 0.10% at 28,620, while the Topix index is up 0.08% at 1965.5. South Korea’s Kospi down 0.22% to 3264.05. Australia S&P/ASX 200 up 0.40% at 7361.2.
European equities Tuesday closing. The DAX futures contract in Germany traded 0.01% down at 15789.64, CAC 40 futures down 0.01% at 6558.48 and the UK 100 futures contract in the U.K. down 0.01% at 7,124.73.
In U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.31% at 34888.80. The S&P 500 down 0.35% to 4369.20 and the Nasdaq 100 down 0.06% at 14870.6, NYSE closes at 16575.77 down 0.58%.
In the Forex market, GBPUSD up 0.16% at 1.38245. The USDJPY down 0.10% at 110.511. The USDCHF down 0.05% at 0.91802. EURUSD up 0.10% at 1.17879, EUR/GBP down 0.04% at 0.85202. The USD/CNY up 0.05% at 6.4719, at the time of writing.
In the commodity market U.S. Gold futures up 0.28% at $1,813.27. Elsewhere, Silver futures up 0.45% to $26.08 per ounce, Platinum up 0.41% at $1112.03 per ounce, and Palladium up 0.12% to $2,831.87.
Crude Oil up on Wednesday; Brent crude oil up 0.05% at $76.37 barrel while U.S. West Texas Intermediate (CLc1) is up 0.75% at $74.32.
In the Cryptocurrency Markets, BTCUSD at 31864.36 down 2.58%, Ethereum at 1880.67 down 3.07%, Litecoin at 125.20 down 4.38%, at the time of writing.
TOP STOCKS TO WATCH OUT TODAY:
PEPSI Co. Inc. up 2.308% at $152.96, MASTERCARD Inc. up 2.17% at $383.71, BOEING Inc. down 4.234% to $228.20, CARNIVAL Corp. down 4.233% to $22.85, HP Inc. down 3.492% to $28.19, TESLA Inc. down 2.503% at $668.54.
Economic news:
US: U.S. President Joe Biden’s drive for big new infrastructure investment got a boost on Tuesday when leading Senate Democrats agreed on a $3.5 trillion investment plan, they aim to include in a budget resolution to be debated soon, Senate Majority Leader Chuck Schumer said.
“We have come to an agreement,” Schumer told reporters after more than two hours of closed-door talks that included Senate Budget Committee Democrats and White House officials. Republicans have not been part of these negotiations.
“You add that to the $600 billion in a bipartisan plan and you get to $4.1 trillion, which is very, very close to what President Biden has asked us for,” Schumer said.
Schumer was referring to work being done on a separate, bipartisan infrastructure bill totalling $1.2 trillion, of which nearly $600 billion would be new spending. This bill would finance the rebuilding of roads, bridges and other traditional infrastructure, as well as expand broadband internet service to many rural parts of the United States.
Democratic and Republican negotiators on the bipartisan measure also reported progress late in the day.
Eurozone: The European Central Bank is set to give the green light on Wednesday to a multi-year project to create a digital version of the euro.
An electronic equivalent of banknotes and coins, the digital euro will likely be a digital wallet that euro zone citizens can keep at the ECB.
It is part of a drive by central banks to meet growing demand for electronic means of payment and tackle a boom in private sector digital currencies from Bitcoin to Facebook (NASDAQ:FB)’s proposed Diem.
WHAT IS A DIGITAL EURO?
It will be a means of payment that gives holders a claim against the ECB – like banknotes and coins, but in digital format.
It will probably resemble an online bank account or digital wallet held directly at the ECB rather than at a commercial institution.
This is a fundamental difference because the ECB cannot run out of euros, making its digital currency intrinsically safer than any private sector counterpart.
Important Data: EURO ZONE Industrial Production (MoM) (May) today at 5:00 this time estimated -0.2%, previously which was 0.8%. US PPI (MoM) (Jun) today at 8:30 this time estimated 0.6%, previously which was 0.8%. CANADA BoC Interest Rate Decision today at 10:00 this time estimated 0.25%, previously which was 0.25%. AUSTRALIA Employment Change (Jun) today at 21:30 this time estimated 30.0K, previously which was 115.2K.
TECHNICAL SUMMARY
GBPUSD

TRADE SUGGESTION- SELL AT 1.38428, TAKE PROFIT AT 1.38109 AND STOP LOSS AT 1.38930
EURUSD

TRADE SUGGESTION- SELL AT 1.179, TAKE PROFIT AT 1.17694 AND STOP LOSS AT 1.18017
GBPJPY

TRADE SUGGESTION- SELL AT 152.881, TAKE PROFIT AT 152.555 AND STOP LOSS AT 153.137
CHFJPY

TRADE SUGGESTION- SELL AT 120.250, TAKE PROFIT AT 120.010 AND STOP LOSS AT 120.569
NASDAQ 100

TRADE SUGGESTION- BUY AT 14864.24 TAKE PROFIT AT 14884.50 AND STOP LOSS AT 14839.4
WTI CRUDE OIL

TRADE SUGGESTION- BUY AT 75.04 TAKE PROFIT AT 75.32 AND STOP LOSS AT 74.84
GOLD

TRADE SUGGESTION- BUY AT 1811.45, TAKE PROFIT AT 1816.08 AND STOP AT 1808.93
BTCUSD

TRADE SUGGESTION- SELL AT 31879.74 TAKE PROFIT AT 31013.95 AND STOP AT 32587.31

 

[CSFXNEWS]

TECHNICAL ANALYSIS REPORT TODAY – 15 JULY 2021​

Asia Pacific stocks were mostly up on Thursday morning. The Shanghai composite is up 0.68% at 3,552.54. Overall, the Singapore MSCI down 0.93% at 356.95. Over in Hong Kong, the Hang Seng Index up 1.15% at 28,097. In Japan, the Nikkei 225 down 1.09% at 28,230, while the Topix index is down 1.05% at 1938.0. South Korea’s Kospi up 0.58% to 3283.69. Australia S&P/ASX 200 down 0.30% at 7332.4.
European equities Wednesday closing. The DAX futures contract in Germany traded flat at 15788.98, CAC 40 futures flat at 6558.39 and the UK 100 futures contract in the U.K. down 0.47% at 7,091.20.
In U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.13% at 34933.24. The S&P 500 up 0.12% to 4374.31 and the Nasdaq 100 up 0.17% at 14900.44, NYSE closes at 16543.77 down 0.19%.
In the Forex market, GBPUSD down 0.07% at 1.38503. The USDJPY down 0.15% at 109.78. The USDCHF down 0.06% at 0.9137. EURUSD up 0.07% at 1.18429, EUR/GBP up 0.15% at 0.85496. The USD/CNY down 0.15% at 6.4588, at the time of writing.
In the commodity market U.S. Gold futures up 0.16% at $1,830.00. Elsewhere, Silver futures up 0.51% to $26.359 per ounce, Platinum up 1.33% at $1140.91 per ounce, and Palladium down 0.30% to $2,818.00.
Crude Oil up on Thursday; Brent crude oil down 0.56% at $74.10 per barrel while U.S. West Texas Intermediate (CLc1) is down 1.21% at $73.42.
In the Cryptocurrency Markets, BTCUSD at 32559.46 down 0.8%, Ethereum at 1962.47 down 1.58%, Litecoin at 128.23 down 2.00%, at the time of writing.
TOP STOCKS TO WATCH OUT TODAY:
APPLE Inc. up 2.41% at $149.15, COCA COLA Co. up 2.254% at $56.26, HESS Corp. down 4.195% to $80.39, MODERNA Inc. up 4.895% to $246.66, OKTA Inc. down 2.806% to $242.10, TESLA Inc. down 2.268% at $653.38.
Economic news:
US: The U.S. Treasury said on Wednesday that about $15 billion was paid to families in the first monthly installment of the Child Tax Credit that was expanded under President Joe Biden’s $1.9 trillion COVID-19 legislation known as the American Rescue Plan.
Treasury said that the July payments went to families with nearly 60 million eligible children. Eligible families received an initial monthly payment of up to $300 for each child under 6-years-old and up to $250 for each child age 6-17.
The ARP made half of the tax credit for the 2021 tax year payable in advance by the Internal Revenue Service in monthly instalments from July through December this year, with the remainder payable upon the filing of tax returns in 2022.
The Biden administration has proposed making the monthly advance payment of the tax credit permanent as a means to reduce child poverty. The Treasury estimated that under previous rules, families with more than 26 million children would have received less than the full, expanded credit because their incomes were too low.
A senior Biden administration official told reporters on a conference call that 35.2 million families would be receiving the July payment, but an IRS estimate of 39 million families receiving the payments would soon be achieved, as some have yet to register.
Eurozone: Bank of England Governor Andrew Bailey said the BoE would assess inflation data for things that could be temporary, before taking a call on raising rates and tightening the economy’s money supply.
Official data published on Wednesday showed British inflation hit 2.5% in the 12 months to June, surging above the central bank’s target.
“(Wednesday’s) number – yes, it was higher than we thought it would be,” Bailey told https:// Business Live in an interview published Thursday.
“What we will have to do, again, is go through all the evidence and assess to what extent we think the sorts of things that underlie that are likely to be transitory.”
According to Business Live, Bailey highlighted the rise in oil prices over the last year as one such transitory issue.
The central bank’s Monetary Policy Committee will not hesitate to use policy tools if the causes behind rise in prices are persistent, he added.
“The committee has been very clear – if we think the case is made, then of course, we will respond.”
Important Data: US Initial Jobless Claims today at 8:30 this time estimated 360K, previously which was 373K. US Export Price Index (MoM) (Jun) today at 8:30 this time estimated 1.2%, previously which was 2.2%. RUSSIA Central Bank Reserves (USD) today at 9:00 previously which was 590.7B. NEWZEALAND CPI (QoQ) (Q2) today at 18:45 this time estimated 0.8%, previously which was 0.8%.
TECHNICAL SUMMARY
GBPUSD

TRADE SUGGESTION- SELL AT 1.38496, TAKE PROFIT AT 1.38698 AND STOP LOSS AT 1.38192
EURUSD

TRADE SUGGESTION- SELL AT 1.18373, TAKE PROFIT AT 1.18196 AND STOP LOSS AT 1.18681
USDJPY

TRADE SUGGESTION- SELL AT 109.760, TAKE PROFIT AT 109.443 AND STOP LOSS AT 109.931
USDCHF

TRADE SUGGESTION- SELL AT 0.91388, TAKE PROFIT AT 0.91356 AND STOP LOSS AT 0.91428
DOW JONES

TRADE SUGGESTION- BUY AT 34726.00 TAKE PROFIT AT 34889.00 AND STOP LOSS AT 34571.00
WTI CRUDE OIL

TRADE SUGGESTION- SELL AT 72.11 TAKE PROFIT AT 71.76 AND STOP LOSS AT 72.45
GOLD

TRADE SUGGESTION- BUY AT 1830.85, TAKE PROFIT AT 1832.09 AND STOP AT 1830.25
LITECOIN USD

TRADE SUGGESTION- SELL AT 128.218 TAKE PROFIT AT 119.634 AND STOP AT 137.670

 

[CSFXNEWS]

TECHNICAL ANALYSIS REPORT TODAY – 16 JULY 2021​

Asia Pacific stocks were mostly down on Friday morning. The Shanghai composite is down 0.02% at 3,563.78. Overall, the Singapore MSCI up 0.39% at 357.85. Over in Hong Kong, the Hang Seng Index up 0.25% at 28,082. In Japan, the Nikkei 225 down 0.82% at 27,990, while the Topix index is down 0.08% at 1934.0. South Korea’s Kospi down 0.52% to 3269.11. Australia S&P/ASX 200 down 0.01% at 7335.4.
European equities Thursday closing. The DAX futures contract in Germany traded down 1.01% at 15629.66, CAC 40 futures down 0.99% at 6493.37 and the UK 100 futures contract in the U.K. up 0.13% at 7,017.30.
In U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.15% at 34987.03. The S&P 500 down 0.33% to 4360.04 and the Nasdaq 100 up 0.03% at 14793.6, NYSE closes at 16499.05 down 0.27%.
In the Forex market, GBPUSD up 0.11% at 1.38359. The USDJPY up 0.17% at 109.998. The USDCHF up 0.08% at 0.91842. EURUSD down 0.01% at 1.1809, EUR/GBP down 0.01% at 0.8535. The USD/CNY up 0.07% at 6.4651, at the time of writing.
In the commodity market U.S. Gold futures down 0.14% at $1,826.32. Elsewhere, Silver futures up 0.11% to $26.358 per ounce, Platinum down 0.02% at $1136.72 per ounce, and Palladium up 0.38% to $2,740.50.
Crude Oil mix on Friday; Brent crude oil up 0.30% at $73.46 per barrel while U.S. West Texas Intermediate (CLc1) is down 0.75% at $72.87.
In the Cryptocurrency Markets, BTCUSD at 31961.62 up 0.35%, Ethereum at 1946.92 up 1.62%, Litecoin at 127.01 up 1.07%, at the time of writing.
TOP STOCKS TO WATCH OUT TODAY:
US Bancorp up 3.211% at $58.82, Best Buy Co. up 1.902% at $112, NVIDIA Corp. down 4.411% to $758.65, Microchip Technology Inc up 4.243% to $137.45,
Gap Inc. down 4.129% to $29.72, Nov Inc. down 3.683% at $13.86.
Economic news:
US: The Federal Reserve will shutter its asset purchases programme by end-2022, according to a Reuters poll, with a few more economists now predicting a rate hike as early as next year, but they pegged new COVID-19 variants as the biggest economic risk.
However, Fed chair Jerome Powell said on Wednesday withdrawing monetary policy support was a long way off, with 7.5 million jobs still missing from before the pandemic.
Following his testimony, where he also concluded that high inflation would be transitory, the U.S. 10-year yield and the greenback declined, while stocks rose.
The July 12-15 poll of over 100 economists showed the U.S. economy would grow at a healthy pace and also that elevated inflation would prevail longer than previously expected.
Last month, a majority of economists had predicted the Fed would announce a taper plan to its $120 billion monthly asset purchases sometime this year, with the withdrawal to start early next year.
All but two of 41 economists who answered an additional question said the Fed will have completely stopped its pandemic support bond buys by end-2022.
Eurozone: Britain’s economy will expand rapidly this quarter as additional coronavirus-related restrictions are lifted and further pent-up demand is unleashed, a Reuters poll found, but growth is at risk from new variants of COVID-19.
The country has suffered the highest death toll in Europe from the pandemic but a fast-moving vaccine rollout has allowed the government to withdraw many of the lockdown restrictions, with more set to lifted on Monday.
Gross domestic product will grow 2.5% this quarter, the July 12-15 poll found, a touch better than the 2.4% predicted last month. But medians showed that pace was expected to slow to 1.4% next quarter and then to 0.9% in early 2022, unchanged from last month’s forecasts.
“So far, the UK data look promising in two respects. First, vaccines seem to have significantly reduced the health risks from the virus,” said Holger Schmieding, chief economist at Berenberg.
“Second, the UK’s GDP estimate for May shows that activity has rebounded with the easing of restrictions.
Important Data: EURO ZONE CPI (YoY) (Jun) today at 5:00 this time estimated 1.9%, previously which was 2.0%. US Core Retail Sales (MoM) (Jun) today at 8:30 this time estimated 0.4%, previously which was -0.7%. CANADA Wholesale Sales (MoM) (May) today at 8:30 this time estimated 1.1%, previously which was 0.4%. RUSSIA PPI (YoY) (Jun) today at 12:00 previously which was 35.3%.
TECHNICAL SUMMARY
GBPUSD

TRADE SUGGESTION- SELL AT 1.38297, TAKE PROFIT AT 1.38119 AND STOP LOSS AT 1.38469
EURUSD

TRADE SUGGESTION- SELL AT 1.18043, TAKE PROFIT AT 1.17975 AND STOP LOSS AT 1.18198
EURGBP

TRADE SUGGESTION- SELL AT 0.85359, TAKE PROFIT AT 0.85311 AND STOP LOSS AT 0.85387
EURJPY

TRADE SUGGESTION- SELL AT 129.846, TAKE PROFIT AT 129.784 AND STOP LOSS AT 130.105
FTSE 100

TRADE SUGGESTION- SELL AT 7010.7 TAKE PROFIT AT 6989.1 AND STOP LOSS AT 7027.6
WTI CRUDE OIL

TRADE SUGGESTION- SELL AT 71.47 TAKE PROFIT AT 70.99 AND STOP LOSS AT 71.94
GOLD

TRADE SUGGESTION- BUY AT 1824.12, TAKE PROFIT AT 1829.46 AND STOP AT 1822.36
BTC USD

TRADE SUGGESTION- SELL AT 31736.26 TAKE PROFIT AT 30981.04 AND STOP AT 32651.10

 

[CSFXNEWS]

TECHNICAL ANALYSIS REPORT TODAY – 19 JULY 2021​

Asia Pacific stocks were down, falling to a one-week low, on Monday morning. The Shanghai composite is down 0.19% at 3,532.83. Overall, the Singapore MSCI down 1.02% at 354.95. Over in Hong Kong, the Hang Seng Index down 1.86% at 27,500. In Japan, the Nikkei 225 down 1.22% at 27,590, while the Topix index is down 1.22% at 1903.0. South Korea’s Kospi down 0.91% to 3247.25. Australia S&P/ASX 200 down 0.78% at 7290.9.
European equities Friday closing. The DAX futures contract in Germany traded down 0.57% at 15540.31, CAC 40 futures down 0.51% at 6460.09 and the UK 100 futures contract in the U.K. down 0.46% at 6,943.80.
In U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.86% at 34687.86. The S&P 500 down 0.75% to 4327.15 and the Nasdaq 100 down 0.17% at 14657.2, NYSE closes at 16364.66 down 0.81%.
In the Forex market, GBPUSD down 0.02% at 1.37522. The USDJPY down 0.07% at 109.945. The USDCHF up 0.11% at 0.91952. EURUSD up 0.01% at 1.18027, EUR/GBP up 0.018% at 0.85823. The USD/CNY up 0.03% at 6.4807, at the time of writing.
In the commodity market U.S. Gold futures up 0.04% at $1,811.56. Elsewhere, Silver futures down 0.82% to $25.440 per ounce, Platinum down 0.05% at $1102.03 per ounce, and Palladium up 0.13% to $2,633.50.
Crude Oil mix on Monday; Brent crude oil down 0.42% at $72.79 per barrel while U.S. West Texas Intermediate (CLc1) is up 0.07% at $72.92.
In the Cryptocurrency Markets, BTCUSD at 31847.98 up 0.22%, Ethereum at 1908.91 up 0.95%, Litecoin at 119.51 down 0.04%, at the time of writing.
TOP STOCKS TO WATCH OUT TODAY:
TELEFLEX Inc. up 3.753% at $390.32, GAP Inc. down 4.711% at $28.32, NVIDIA Corp. down 4.246% to $726.44, KLA Corp. down 3.467% to $293.22, BAIDU Inc. down 3.202% to $179.58, MICRO CHIP TECHNOLOGY Inc. down 2.685% at $133.76.
Economic news:
US: U.S. lawmakers trying to salvage a $1.2 trillion bipartisan infrastructure bill have dropped a provision to beef up tax enforcement, Republican Senator Rob Portman said on Sunday, setting aside a significant revenue-raising measure.
The provision, aimed at increasing Internal Revenue Service (IRS) collections, will instead likely be added to a separate budget “reconciliation” bill being pushed by Democrats as a vehicle for passing trillions of dollars more in spending and tax increases, Portman said on CNN’s State of the Union program.
President Joe Biden has said he wants to invest $80 billion in IRS technology and enforcement to increase collections of taxes by $700 billion over 10 years. The provision outlined in the infrastructure bill would account for around $100 billion of that larger goal, according to Democratic senators’ estimates.
The decision to exclude the IRS provision from the $1.2 trillion infrastructure bill comes as senators and the White House are trying to negotiate the final details of the package ahead of a key procedural vote planned for Wednesday.
Senate Majority Leader Chuck Schumer has said he wants to hold a “cloture” vote to meet the 60-vote threshold needed to end debate and allow the infrastructure bill to proceed to a final vote.
Eurozone: Britain will set out a plan on Monday to stimulate trade with 70 developing economies by lowering tariffs and simplifying rules, its latest push to promote freer global commerce after regaining control of its trade policy following Brexit.
The government will detail the Developing Countries Trading Scheme in a consultation document. The plan builds on an existing European Union scheme that Britain was part of before leaving the bloc at the end of last year and has kept in place while working on its new programme.
“Now the UK is an independent trading nation we have a huge opportunity do things differently, taking a more liberal, pro-trade approach that leads to growth and opportunity,” trade minister Liz Truss said.
The scheme seeks to further reduce the bureaucratic burden of trade between Britain and developing countries, as well as countries classed as low or lower-middle income such as Pakistan, Nigeria and Indonesia.
As well as reducing tariffs for goods coming into Britain, the scheme aims to simplify the “rules of origin” that determine where a product with a cross-border supply chain is made for taxation purposes.
Important Data: US 3-Month Bill Auction today at 11:30 previously which was 0.05%. JAPAN National Core CPI (YoY) (Jun) today at 19:30 this time estimated 0.2%, previously which was 0.1%. CHINA PBoC Loan Prime Rate today at 21:30 previously which was 3.85%. AUSTRALIA RBA Meeting Minutes today at 21:30.
TECHNICAL SUMMARY
GBPUSD

TRADE SUGGESTION- SELL AT 1.37489, TAKE PROFIT AT 1.37373 AND STOP LOSS AT 1.37632
EURUSD

TRADE SUGGESTION- SELL AT 1.17988, TAKE PROFIT AT 1.17716 AND STOP LOSS AT 1.18173
GBPJPY

TRADE SUGGESTION- SELL AT 151.212, TAKE PROFIT AT 150.605 AND STOP LOSS AT 151.555
CHFJPY

TRADE SUGGESTION- SELL AT 119.526, TAKE PROFIT AT 119.230 AND STOP LOSS AT 119.781
DOW JONES

TRADE SUGGESTION- SELL AT 34418 TAKE PROFIT AT 34309 AND STOP LOSS AT 34588
WTI CRUDE OIL

TRADE SUGGESTION- SELL AT 71.08 TAKE PROFIT AT 69.85 AND STOP LOSS AT 71.69
GOLD

TRADE SUGGESTION- SELL AT 1803.62, TAKE PROFIT AT 1797.65 AND STOP AT 1809.17
LITECOIN USD

TRADE SUGGESTION- SELL AT 120.298 TAKE PROFIT AT 118.095 AND STOP AT 126.77

 

[CSFXNEWS]

TECHNICAL ANALYSIS REPORT TODAY – 21 JULY 2021​

Asian shares stumbled on Wednesday. The Shanghai Composite is up 0.74% at 3,562.97. Overall, the Singapore MSCI down 0.34% at 354.10. Over in Hong Kong, the Hang Seng Index down 0.34% at 27,141. In Japan, the Nikkei 225 up 0.55% at 27,560, while the Topix index is up 0.87% at 1907.5. South Korea’s Kospi down 0.52% to 3215.91. Australia S&P/ASX 200 up 0.78% at 7308.7.
European equities Tuesday closing. The DAX futures contract in Germany traded up 0.55% at 15216.27, CAC 40 futures up 0.73% at 6392.88 and the UK 100 futures contract in the U.K. up 0.43% at 6,936.00.
In U.S. on Wall Street, the Dow Jones Industrial Average closed up 1.62% at 34512.00. The S&P 500 up 1.52% to 4323.05 and the Nasdaq 100 down 0.02% at 14737.2, NYSE closes at 16321.93 up 1.68%.
In the Forex market, GBPUSD down 0.16% at 1.3598. The USDJPY up 0.08% at 109.927. The USDCHF up 0.16% at 0.92269. EURUSD down 0.17% at 1.17564, EUR/GBP up 0.09% at 0.86449. The USD/CNY down 0.15% at 6.4753, at the time of writing.
In the commodity market U.S. Gold futures up 0.04% at $1,810.54. Elsewhere, Silver futures up 0.77% to $25.116 per ounce, Platinum up 0.34% at $1071.68 per ounce, and Palladium up 0.69% to $2,659.80.
Crude Oil up on Wednesday; Brent crude oil up 0.80% at $69.17 per barrel while U.S. West Texas Intermediate (CLc1) is up 0.96% at $67.03.
In the Cryptocurrency Markets, BTCUSD at 30802.73 up 3.41%, Ethereum at 1871.26 up 4.74%, Litecoin at 111.75 up 4.24%, at the time of writing.
TOP STOCKS TO WATCH OUT TODAY:
CARNIVAL Corp. up 7.454% at $21.19, PVH Corp. up 6.397% at $99.8, AUTODESK Inc. up 3.066% to $296.12, DEXCOM Inc. up 2.908% to $447.7, DOCUSIGN Inc. up 4.073% to $301.27, CLOROX Co. down 2.85% at $182.39.
Economic news:
US: U.S. homebuilding increased more than expected in June, but permits for future home construction fell to an eight-month low, likely reflecting hesitancy caused by expensive building materials as well as shortages of labor and land.
The report from the Commerce Department on Tuesday suggested a severe shortage of houses, which has boosted prices and sparked bidding wars across the country, could persist for a while. Demand for houses is being driven by low mortgage rates and a desire for more spacious accommodations during the COVID-19 pandemic.
Though lumber prices are coming down from record highs, builders are paying more for steel, concrete and lighting, and are grappling with shortages of appliances like refrigerators.
“Reports of multi-month delays in the delivery of windows, heating units, refrigerators and other items have popped up across the country, delaying delivery of homes and forcing builders to cap activity, and many builders continue to point to a shortage of available workers as a separate challenge,” said Matthew Speakman, an economist at Zillow.
Eurozone: The European Central Bank starts a potentially heated two-day meeting on Wednesday, with officials needing to decide how their newly unveiled monetary strategy affects near-term policy.
After raising their inflation goal to 2% earlier this month and pledging to be “forceful or persistent” to hit it, the challenge for policy makers is to make clear what such an approach means for interest rates and bond-buying. Disagreements immediately surfaced when drafts of potential wording were circulated, Bloomberg reported last week.
President Christine Lagarde heightened the anticipation by promising “interesting variations and changes” to Thursday’s policy announcement and her press conference. She also acknowledged that the unanimity she achieved in the strategy review when it concluded this month will be hard to replicate.
Forward guidance, the language central banks use to describe the future policy path, has become an important tool in times of uncertainty. The aim is to prevent unwelcome market speculation that increases volatility and undermines the economy.
Important Data: US Crude Oil Inventories today at 10:30 this time estimated
-4.466M, previously which was -7.897M. CANADA New Housing Price Index (MoM) (Jun) today at 8:30 previously which was 1.4%. AUSTRALIA NAB Quarterly Business Confidence today at 21:30 previously which was 17. US Cushing Crude Oil Inventories today at 10:30 previously which was -1.589M.
TECHNICAL SUMMARY
GBPUSD

TRADE SUGGESTION- SELL AT 1.35970, TAKE PROFIT AT 1.35872 AND STOP LOSS AT 1.36089
EURUSD

TRADE SUGGESTION- SELL AT 1.17506, TAKE PROFIT AT 1.17491 AND STOP LOSS AT 1.17514
USDJPY

TRADE SUGGESTION- BUY AT 0.86341, TAKE PROFIT AT 0.86197 AND STOP LOSS AT 0.86604
EURJPY

TRADE SUGGESTION- SELL AT 129.476, TAKE PROFIT AT 129.273 AND STOP LOSS AT 129.605
NIKKEI 225

TRADE SUGGESTION- SELL AT 27682.0 TAKE PROFIT AT 27398.0 AND STOP LOSS AT 27820.0
WTI CRUDE OIL

TRADE SUGGESTION- SELL AT 67.41 TAKE PROFIT AT 66.31 AND STOP LOSS AT 68.39
GOLD

TRADE SUGGESTION- SELL AT 1804.76, TAKE PROFIT AT 1798.47 AND STOP AT 1811.71
LITECOIN USD

TRADE SUGGESTION- SELL AT 122.41 TAKE PROFIT AT 104.63 AND STOP AT 124.79

 

[CSFXNEWS]

TRADE SIGNAL AS ON 22-07-2021

NZDCHF
BUY = 0.6387
TARGET= 0.6403
SL= 0.6371

BRENT CRUDE OIL
BUY = 72.11
TARGET= 72.96
SL= 71.44

ABB Ltd
BUY = 32.67
TARGET= 32.79
SL= 32.58

ETHEREUM
BUY = 1976.88
TARGET= 2036.43
SL= 1938.78

DJ EURO STOXX 50
BUY = 4034
TARGET = 4050
SL= 4022

Read Daily 15+ Trade Signals - Click here

https://www.capitalstreetfx.com/en/trade-signal/
https://www.capitalstreetfx.com/en/trade-signal/

 

[CSFXNEWS]

TECHNICAL ANALYSIS REPORT TODAY – 23 JULY 2021​

Asian share markets were in a mixed mood on Friday. The Shanghai composite is down 0.73% at 3,548.59. Overall, the Singapore MSCI down 0.36% at 360.45. Over in Hong Kong, the Hang Seng Index down 1.07% at 27,410. In Japan, the Nikkei 225 flat at 27,910, while the Topix index is flat at 1935.5. South Korea’s Kospi up 0.13% to 3254.50. Australia S&P/ASX 200 down 0.01% at 7385.3.
European equities Thursday closing. The DAX futures contract in Germany traded up 0.60% at 15514.54, CAC 40 futures up 0.26% at 6481.60 and the UK 100 futures contract in the U.K. up 0.15% at 6,978.20.
In U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.07% at 34823.36. The S&P 500 up 0.20% to 4367.49 and the Nasdaq 100 down 0.05% at 14981.5, NYSE closes at 16455.91 down 0.29%.
In the Forex market, GBPUSD down 0.01% at 1.37659. The USDJPY up 0.13% at 110.26. The USDCHF up 0.12% at 0.91989. EURUSD flat at 1.17701, EUR/GBP up 0.02% at 0.85499. The USD/CNY up 0.02% at 6.4716, at the time of writing.
In the commodity market U.S. Gold futures down 0.12% at $1,804.45. Elsewhere, Silver futures down 0.15% to $25.363 per ounce, Platinum flat at $1093.53 per ounce, and Palladium up 0.30% to $2,728.00.
Crude Oil mix on Friday; Brent crude oil down 0.15% at $73.52 per barrel while U.S. West Texas Intermediate (CLc1) is up 0.24% at $72.36.
In the Cryptocurrency Markets, BTCUSD at 32300.00 up 3.39%, Ethereum at 2076.91 up 2.66%, Litecoin at 121.20 up 0.43%, at the time of writing.
TOP STOCKS TO WATCH OUT TODAY:
Domino’s Pizza Inc. up 14.552% at $538.82, CSX Corp. up 3.48% at $32.67,
ETSY Inc. up 3.09% to $201.85, Adobe Inc. up 1.865% to $623.68,
eBay Inc. up 3.149% to $72.06, Texas Instruments Inc. down 5.318% at $183.91.
Economic news:
US: The Biden administration on Thursday released $3 billion in COVID-19 rescue funds aimed at helping localities bolster their economies in the wake of the pandemic, calling on communities to seek funding for a range of revitalization projects.
The funding, authorized by the $1.9 trillion American Rescue Plan Act, is part of President Joe Biden’s “Build Back Better” agenda to rebuild the nation after the novel coronavirus triggered widespread shutdowns and led to more than 600,000 U.S. deaths so far. The Democrat-backed bill was passed in March.
New funding will be available to communities nationwide through six programs run through the Department of Commerce targeting jobs, for instance, in tourism, the agency said in a statement.
“This investment will ensure that they have the resources to recover from the pandemic and will help create new jobs and opportunities, including through the development or expansion of a new industry sector,” the Commerce Department said.
Eurozone: The European Central Bank pledged on Thursday to keep interest rates at record lows for even longer to boost sluggish inflation and warned that the rapidly spreading Delta variant of the coronavirus poses a risk to the euro zone’s recovery.
The central bank of the 19 countries that share the euro said it would not hike borrowing costs until it sees inflation reach its 2% target “well ahead of the end of its projection horizon and durably” — a controversial decision that generated significant dissent.
“We did so to underline our commitment to maintain a persistently accommodative monetary policy stance to meet our inflation target,” ECB President Christine Lagarde told a news conference.
She said the ECB wants to see inflation head to 2% by the mid-point of its forecast horizon, which currently stretches to 2023 and is extended by one year every December, and that any deviation above the target should be incidental.
Important Data: US Retail Sales (MoM) (Jun) today at 2:00 this time estimated
0.4%, previously which was -1.4%. GERMANY Manufacturing PMI (Jul) today at 3:30 this time estimated 64.2, previously which was 65.1. UK Composite PMI today at 4:30 this time estimated 61.9, previously which was 62.2. CANADA Core Retail Sales (MoM) (May) today at 8:30 this time estimated -2.2%, previously which was -7.2%.
TECHNICAL SUMMARY
GBPUSD

TRADE SUGGESTION- SELL AT 1.37542, TAKE PROFIT AT 1.37395 AND STOP LOSS AT 1.37788
EURUSD

TRADE SUGGESTION- SELL AT 1.17619, TAKE PROFIT AT 1.17455 AND STOP LOSS AT 1.17831
GBPJPY

TRADE SUGGESTION- BUY AT 151.679, TAKE PROFIT AT 151.959 AND STOP LOSS AT 151.405
CHFJPY

TRADE SUGGESTION- SELL AT 119.821, TAKE PROFIT AT 119.606 AND STOP LOSS AT 120.137
DOW JONES

TRADE SUGGESTION- BUY AT 34782 TAKE PROFIT AT 34902 AND STOP LOSS AT 34660
WTI CRUDE OIL

TRADE SUGGESTION- SELL AT 71.64 TAKE PROFIT AT 71.20 AND STOP LOSS AT 72.24
GOLD

TRADE SUGGESTION- SELL AT 1806.72, TAKE PROFIT AT 1797.19 AND STOP AT 1812.56
ETHEREUM

TRADE SUGGESTION- BUY AT 2074.58 TAKE PROFIT AT 2140.74 AND STOP AT 2032.59

 

[CSFXNEWS]

TRADE SIGNAL AS ON 27-07-2021



EURSEK

SELL = 10.1942

TARGET= 10.1826

SL= 10.2052



SILVER

BUY = 25.249

TARGET= 25.330

SL= 25.188



DELL TECH.

BUY = 96.42

TARGET= 97.87

SL= 95.80



ETHEREUM

SELL = 2198.75

TARGET= 2140.79

SL= 2238.10



HANG SENG

SELL = 25596.0

TARGET = 25534.0

SL= 25642.0

 

[ticktawk]

TRADE SIGNAL AS ON 27-07-2021



EURSEK

SELL = 10.1942

TARGET= 10.1826

SL= 10.2052



SILVER

BUY = 25.249

TARGET= 25.330

SL= 25.188



DELL TECH.

BUY = 96.42

TARGET= 97.87

SL= 95.80



ETHEREUM

SELL = 2198.75

TARGET= 2140.79

SL= 2238.10



HANG SENG

SELL = 25596.0

TARGET = 25534.0

SL= 25642.0

I was new to the online investment world and trust me these guys are best for newcomers. They guided me very well through 1-1 training sessions as well.

 

[CSFXNEWS]

TECHNICAL ANALYSIS REPORT TODAY – 28 JULY 2021​

Asia Pacific stocks were mostly down on Wednesday morning. The Shanghai composite is down 0.37% at 3,368.75. Overall, the Singapore MSCI down 0.10% at 357.95. Over in Hong Kong, the Hang Seng Index up 1.02% at 25,321. In Japan, the Nikkei 225 down 1.25% at 27,570, while the Topix index is down 0.80% at 1918.5. South Korea’s Kospi down 0.03% to 3231.49. Australia S&P/ASX 200 down 0.57% at 7388.8.
European equities Tuesday closing. The DAX futures contract in Germany traded down 0.64% at 15519.13, CAC 40 futures down 0.71% at 6531.93 and the UK 100 futures contract in the U.K. down 0.42% at 6,996.07.
In U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.24% at 35058.52. The S&P 500 down 0.47% to 4401.47 and the Nasdaq 100 up 0.36% at 14950.0, NYSE closes at 16520.96 down 0.27%.
In the Forex market, GBPUSD up 0.03% at 1.38777. The USDJPY up 0.08% at 109.857. The USDCHF up 0.10% at 0.91521. EURUSD down 0.01% at 1.1815, EUR/GBP flat at 0.85133. The USD/CNY down 0.10% at 6.5047, at the time of writing.
In the commodity market U.S. Gold futures up 0.41% at $1,805.61. Elsewhere, Silver futures up 0.64% to $24.82 per ounce, Platinum up 0.81% at $1062.32 per ounce, and Palladium down 0.82% to $2,628.00.
Crude Oil mix on Wednesday; Brent crude oil up 0.28% at $74.93 per barrel while U.S. West Texas Intermediate (CLc1) is down 0.28% at $71.56.
In the Cryptocurrency Markets, BTCUSD at 39810.00 up 0.9%, Ethereum at 2283.05 down 0.94%, Litecoin at 134.29 down 0.41%, at the time of writing.
TOP STOCKS TO WATCH OUT TODAY:
Fiserv Inc. up 2.991% at $114.68, PTC Inc. down 5.102% at $143.6, FedEx Corp. down 4.998% to $282.63, KLA Corp. down 3.022% to $309, Baidu Inc. down 2.796% to $157.83, Paccar Inc. down 2.646% at $84.61.
Economic news:
US: The Biden administration on Tuesday will announce a new push to expand business ties between U.S. companies and Africa, with a focus on building needed digital, health and physical infrastructure on the continent, a senior U.S. official said.
U.S. industry executives welcome the interest, but say dollar flows will lag until the Biden administration wraps up its lengthy review of Trump administration trade measures and sets a clear policy on investments in liquefied natural gas.
Dana Banks, senior director for Africa at the White House National Security Council, will kick off a U.S.-Africa business summit, with a pledge to “re-imagine” and revive Prosper Africa, an initiative unveiled by the Trump administration in 2018.
President Joe Biden, who requested nearly $80 million for the initiative in his budget proposal in May, aims to focus the initiative on women and equity, with an expanded role for small- and medium-sized businesses, she said.
Eurozone: European Central Bank policy makers have acknowledged that their new push to boost inflation expectations could take quite a while to kick in, according to officials familiar with the discussions.
In its strategy review this month, when it raised its inflation goal and acknowledged that it might overshoot, the ECB’s Governing Council discussed the experience of the U.S. Federal Reserve, the officials said.
U.S. expectations — a critical signal of future price gains — were slow to move last August when the Fed adopted average inflation targeting and said it was willing to overshoot its 2% target. They only started to gather pace months later when the incoming Biden administration started to discuss a fiscal boost to the economy.
They accelerated again early this year when the Fed kept policy loose despite price growth jumping well above 2% on soaring demand. While expectations have eased since May as Fed officials started to broach the topic of tapering stimulus, they remain relatively robust.
Important Data: CANADA Core CPI (MoM) (Jun) today at 8:30 this time estimated 0.4%, previously which was 0.4%. US Crude Oil Inventories today at 10:30 this time estimated -2.928M, previously which was 2.108M. Fed Interest Rate Decision today at 14:00 this time estimated 0.25%, previously which was 0.25%. RUSSIA Unemployment Rate (Jun) today at 15:00 this time estimated 5.0%, previously which was 4.9%.
TECHNICAL SUMMARY
GBPUSD

TRADE SUGGESTION- BUY AT 1.38672, TAKE PROFIT AT 1.38920 AND STOP LOSS AT 1.38531
EURUSD

TRADE SUGGESTION- BUY AT 1.18017, TAKE PROFIT AT 1.18318 AND STOP LOSS AT 1.17865
USDJPY

TRADE SUGGESTION- SELL AT 109.843, TAKE PROFIT AT 109.694 AND STOP LOSS AT 110.069
USDCHF

TRADE SUGGESTION- SELL AT 0.91534, TAKE PROFIT AT 0.91318 AND STOP LOSS AT 0.91698
S&P 500

TRADE SUGGESTION- BUY AT 4398.24 TAKE PROFIT AT 4410.99 AND STOP LOSS AT 4390.51
WTI CRUDE OIL

TRADE SUGGESTION- SELL AT 72.01 TAKE PROFIT AT 71.01 AND STOP LOSS AT 72.42
GOLD

TRADE SUGGESTION- SELL AT 1804.82, TAKE PROFIT AT 1793.71 AND STOP AT 1812.34
BTC USD

TRADE SUGGESTION- BUY AT 39625.61 TAKE PROFIT AT 40832.57 AND STOP AT 38351.78