Daily Technical Analysis Report By Capital Street Fx

[CSFXNEWS]

TECHNICAL ANALYSIS REPORT TODAY – 12 AUGUST 2021​

Asia Pacific stocks were mostly up on Thursday morning. The Shanghai composite is down 0.24% at 3,523.61. Overall, the Singapore MSCI up 0.55% at 365.10. Over in Hong Kong, the Hang Seng Index down 0.47% at 26,421. In Japan, the Nikkei 225 down 0.18% at 28,020, while the Topix index is down 0.08% at 1953.0. South Korea’s Kospi down 0.31% to 3210.59. Australia S&P/ASX 200 down 0.16% at 7572.2.
European equities Wednesday closing. The DAX futures contract in Germany traded up 0.35% at 15826.09, CAC 40 futures up 0.55% at 6858.00 and the UK 100 futures contract in the U.K. up 0.83% at 7,220.14.
In U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.62% at 35484.98. The S&P 500 up 0.25% to 4447.69 and the Nasdaq 100 down 0.09% at 15005.1, NYSE closes at 16875.39 up 0.49%.
In the Forex market, GBPUSD up 0.05% at 1.38681. The USDJPY down 0.01% at 110.425. The USDCHF down 0.03% at 0.92160. EURUSD up 0.04% at 1.17414, EUR/GBP up 0.03% at 0.84675. The USD/CNY down 0.05% at 6.4761, at the time of writing.
In the commodity market U.S. Gold futures up 0.03% at $1,751.25. Elsewhere, Silver futures down 0.58% to $23.403 per ounce, Platinum down 0.57% at $1013.21 per ounce, and Palladium flat at $2,639.00.
Crude Oil mix on Thursday; Brent crude oil down 0.34% at $71.36 per barrel while U.S. West Texas Intermediate (CLc1) is up 0.69% at $69.89.
In the Cryptocurrency Markets, BTCUSD at 45083.33 down 1.02%, Ethereum at 3122.51 down 1.20%, Litecoin at 169.62 down 0.61%, at the time of writing.
TOP STOCKS TO WATCH OUT TODAY:
Nucor Corp. up 3.912% at $122.72, Paccar Inc. up 3.799% at $82.78, Cummins Inc. up 3.435% to $241.8, Moderna Inc. down 15.638% to $385.33, Pfizer Inc. down 3.901% to $46.31, Carmax Inc. down 2.52% at $131.90.
Economic news:
US: Hours after the U.S. Senate approved a $3.5 trillion budget blueprint chock-full of investments in new domestic programs, fissures emerged between the moderate and liberal wings of the Democratic Party over the size and scope of the spending.
Senator Joe Manchin, a moderate Democrat representing the conservative-leaning state of West Virginia, issued a warning shortly after the Senate early on Wednesday passed the budget deal that would carry out President Joe Biden’s top priorities.
Manchin, who often acts as a bridge between his party and Republicans, voiced concerns about potentially “grave consequences” for the nation’s debt as well as Washington’s ability to respond to other potential crises.
That followed Democratic Senator Kyrsten Sinema’s warning that she does not support the $3.5 trillion price tag but would work “in good faith” to develop an alternative to include in implementing legislation.
Eurozone: Britain imposed sanctions on Belarus’s potash and petroleum product exports on Monday in an attempt to put pressure on President Alexander Lukashenko, who swiftly retorted that London should “choke on” the new measures.
So far Western sanctions have done little to persuade Lukashenko, in power in the former Soviet republic since 1994, to change course from a crackdown on his political opponents.
The British sanctions, which prohibited the purchase of transferable securities and money-market instruments issued by the Belarusian state and its state-owned banks, are the latest sanctions imposed by the West over Lukashenko’s crackdown.
The package also includes measures to prevent Belarusian air carriers from overflying or landing in the United Kingdom and a prohibition on the provision of technical assistance to Lukashenko’s fleet of luxury aircraft.
Important Data: US Initial Jobless Claims today at 8:30 this time estimated 375K, previously which was 385K. US PPI (MoM) (Jul) today at 8:30 this time estimated 0.6%, previously which was 1.0%. AUSTRALIA Employment Change (Jul) today at 21:30 this time estimated 30.0K, previously which was 29.1K. RUSSIA GDP Quarterly (YoY) (Q2) today at 12:00 previously which was -0.7%.
TECHNICAL SUMMARY
GBPUSD

TRADE SUGGESTION- BUY AT 1.38624, TAKE PROFIT AT 1.38843 AND STOP LOSS AT 1.38410
EURUSD

TRADE SUGGESTION- SELL AT 1.17341, TAKE PROFIT AT 1.17005 AND STOP LOSS AT 1.17521
GBPJPY

TRADE SUGGESTION- BUY AT 153.022, TAKE PROFIT AT 153.728 AND STOP LOSS AT 152.683
CHFJPY

TRADE SUGGESTION- SELL AT 119.726, TAKE PROFIT AT 119.439 AND STOP LOSS AT 119.951
EURO STOXX 50

TRADE SUGGESTION- BUY AT 4195.00 TAKE PROFIT AT 4206.00 AND STOP LOSS AT 4191.00
WTI CRUDE OIL

TRADE SUGGESTION- SELL AT 68.97 TAKE PROFIT AT 68.42 AND STOP LOSS AT 69.66
GOLD

TRADE SUGGESTION- SELL AT 1754.55, TAKE PROFIT AT 1744.29 AND STOP AT 1763.66
BTCUSD

TRADE SUGGESTION- BUY AT 45217.74 TAKE PROFIT AT 46659.40 AND STOP AT 44765.00

 

[CSFXNEWS]

TECHNICAL ANALYSIS REPORT TODAY – 13 AUGUST 2021​

Asia Pacific stocks were mostly down on Friday morning. The Shanghai composite is down 0.56% at 3,504.92. Overall, the Singapore MSCI down 0.30% at 363.60. Over in Hong Kong, the Hang Seng Index down 0.94% at 26,141. In Japan, the Nikkei 225 down 0.11% at 27,990, while the Topix index is up 0.05% at 1956.0. South Korea’s Kospi down 1.18% to 3170.61. Australia S&P/ASX 200 up 0.53% at 7629.9.
European equities Thursday closing. The DAX futures contract in Germany traded up 0.70% at 15937.51, CAC 40 futures up 0.36% at 6882.48 and the UK 100 futures contract in the U.K. down 0.07% at 7,205.05.
In U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.04% at 35499.86. The S&P 500 up 0.30% to 4460.82 and the Nasdaq 100 down 0.08% at 15077.2, NYSE closes at 16871.11 down 0.03%.
In the Forex market, GBPUSD up flat at 1.38054. The USDJPY down 0.02% at 110.395. The USDCHF up 0.04% at 0.92362. EURUSD up 0.05% at 1.17357, EUR/GBP up 0.14% at 0.85010. The USD/CNY down 0.02% at 6.4776, at the time of writing.
In the commodity market U.S. Gold futures up 0.31% at $1,757.60. Elsewhere, Silver futures up 0.66% to $23.280 per ounce, Platinum down 0.06% at $1020.39 per ounce, and Palladium down 0.20% at $2,623.18.
Crude Oil down on Friday; Brent crude oil down 0.65% at $70.68 per barrel while U.S. West Texas Intermediate (CLc1) is down 0.10% at $69.82.
In the Cryptocurrency Markets, BTCUSD at 45186.53 up 1.71%, Ethereum at 3119.67 up 2.46%, Litecoin at 169.22 up 2.53%, at the time of writing.
TOP STOCKS TO WATCH OUT TODAY:
Gartner Inc. up 2.924% at $304.09, Apple Inc. up 2.077% at $148.89, Nucor Corp. up 2.054% to $125.24, Western Digital Corp. down 6.505% to $62.38, Micron Technology Inc. down 6.371% to $70.25, KLA Corp. down 4.13% at $328.51.
Economic news:
US: President Joe Biden on Thursday called on U.S. lawmakers to enact legislation aimed at lowering drug prices, including allowing Medicare to negotiate drug prices and imposing penalties on drugmakers that hike prices faster than inflation.
The Democratic president’s remarks laid out his vision to help reduce the costs for prescription medications as part of the Build Back Better agenda he is seeking to push through Congress as the nation continues to grapple with the COVID-19 pandemic.
Pharmaceutical manufacturers have earned high praise for quickly developing vaccines against the novel coronavirus. But the outbreak of the highly contagious disease, which upended the economy and has so far killed more than 617,000 people in the United States, also drew renewed attention to healthcare costs.
Biden on Thursday lauded drugmakers for their life-saving work developing the COVID-19 vaccines.
Eurozone: Some of the European Union’s biggest banks are holding less capital than they should by using transactions to temporarily compress their balance sheets, a research paper from the Bank for International Settlements said on Thursday.
After several banks had to be rescued by taxpayers during the global financial crisis over a decade ago, global regulators now designate the biggest among them as globally systemic banks or G-SIBs to face tougher capital rules.
Each year, G-SIBs are slotted into buckets, with tougher rules for those in the higher buckets.
The paper from the BIS, a forum for central banks based in Basel, Switzerland, said “window dressing” or using transactions to compress assets and liabilities at the end of the year, is blurring data used by regulators and thus affecting the actions they take.
The volume and riskiness of assets and liabilities determine how much capital must be held, but banks are able to “manage down” their G-SIB score and reduce their capital surcharges, the paper said.
Important Data: US Import Price Index (MoM) (Jul) today at 8:30 this time estimated 0.6%, previously which was 1.0%. EUROPE Trade Balance (Jun) today at 5:00 previously which was 7.5B. US Export Price Index (MoM) (Jul) today at 8:30 this time estimated 0.8%, previously which was 1.2%. SWITZERLAND PPI (MoM) (Jul) today at 2:30 previously which was 0.3%.
TECHNICAL SUMMARY
GBPUSD

TRADE SUGGESTION- SELL AT 1.38010, TAKE PROFIT AT 1.37863 AND STOP LOSS AT 1.38247
EURUSD

TRADE SUGGESTION- SELL AT 1.17335, TAKE PROFIT AT 1.17187 AND STOP LOSS AT 1.17523
USDJPY

TRADE SUGGESTION- BUY AT 110.355, TAKE PROFIT AT 110.523 AND STOP LOSS AT 110.177
USDCHF

TRADE SUGGESTION- BUY AT 0.92381, TAKE PROFIT AT 0.92567 AND STOP LOSS AT 0.92216
FTSE 100

TRADE SUGGESTION- BUY AT 7214.6 TAKE PROFIT AT 7234.4 AND STOP LOSS AT 7207.5
WTI CRUDE OIL

TRADE SUGGESTION- SELL AT 68.61 TAKE PROFIT AT 68.05 AND STOP LOSS AT 69.54
GOLD

TRADE SUGGESTION- SELL AT 1758.94, TAKE PROFIT AT 1750.69 AND STOP AT 1767.84
LITECOINUSD

TRADE SUGGESTION- BUY AT 177.398 TAKE PROFIT AT 185.362 AND STOP AT 167.35

 

[CSFXNEWS]

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[CSFXNEWS]

TECHNICAL ANALYSIS REPORT TODAY – 16 AUGUST 2021​

Asia Pacific stocks were down on Monday morning. The Shanghai composite is up 0.26% at 3,525.61. Overall, the Singapore MSCI down 0.16% at 363.50. Over in Hong Kong, the Hang Seng Index down 0.76% at 26,108. In Japan, the Nikkei 225 down 1.82% at 27,480, while the Topix index is down 1.71% at 1923.5. South Korea’s Kospi down 1.16% to 3171.29. Australia S&P/ASX 200 down 0.39% at 7599.3.
European equities Friday closing. The DAX futures contract in Germany traded up 0.25% at 15977.44, CAC 40 futures up 0.20% at 6896.05 and the UK 100 futures contract in the U.K. down 0.50% at 7,177.6.
In U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.04% at 35515.39. The S&P 500 up 0.16% to 4467.99 and the Nasdaq 100 down 0.10% at 15116.8, NYSE closes at 16868.11 down 0.02%.
In the Forex market, GBPUSD down 0.12% at 1.38465. The USDJPY down 0.17% at 109.415. The USDCHF up 0.10% at 0.91608. EURUSD down 0.06% at 1.17876, EUR/GBP up 0.17% at 0.85130. The USD/CNY flat at 6.4768, at the time of writing.
In the commodity market U.S. Gold futures down 0.29% at $1,774.14. Elsewhere, Silver futures down 0.60% to $23.560 per ounce, Platinum down 1.33% at $1012.76 per ounce, and Palladium down 0.81% at $2,628.96.
Crude Oil down on Monday; Brent crude oil down 0.74% at $69.70 per barrel while U.S. West Texas Intermediate (CLc1) is down 0.36% at $69.57.
In the Cryptocurrency Markets, BTCUSD at 47636.89 up 1.29%, Ethereum at 3301.08 down 0.31%, Litecoin at 186.61 up 0.90%, at the time of writing.
TOP STOCKS TO WATCH OUT TODAY:
Pfizer Inc. up 2.625% at $48.48, PVH Corp. up 2.057% at $116.62, Kellogg Co. up 1.801% to $65.57, HP Inc. down 4.572% to $29.01, Gap Inc. down 3.7% to $28.89,
CSX Corp. down 0.762% at $33.87.
Economic news:
US: U.S. House Speaker Nancy Pelosi told lawmakers Sunday that she had asked a House committee to advance both a $1 trillion infrastructure plan and a $3.5 trillion spending package together, an apparent effort to patch up divisions that had threatened to stall President Joe Biden’s legislative priorities.
The U.S. Senate approved both the infrastructure legislation and the outline of a separate plan loaded with investments in new domestic programs. But the combined price tag of the two measures created fissures between the progressive and moderate wings of the Democratic Party, which controls both chambers of Congress by narrow margins.
Eurozone: The European Central Bank is likely to announce long-awaited plans to reduce its pandemic-related asset purchases in the next quarter, according to a Reuters poll of economists, most of whom expected the programme to be wrapped up by the end of March.
With the euro zone economy growing at its fastest pace on record and inflation set to rise further, pressure on the ECB to taper its Pandemic Emergency Purchase Programme (PEPP) is building, as it is on other major central banks. [ECILT/US]
“While the ECB will start discussing phasing out PEPP in September, no decision will be made until December,” wrote George Buckley, chief UK and euro area economist at Nomura, in a note to clients.
“However, we see risks to this view. As COVID-19 cases rise, and uncertainty about the future of the virus in autumn remains, the ECB may want to continue purchases at the current rate until the end of the year, to prevent an unwarranted rise in yields.”
Important Data: CANADA Manufacturing Sales (MoM) (Jun) today at 8:30 this time estimated 2.5%, previously which was -0.6%. US TIC Net Long-Term Transactions (Jun) today at 16:00 previously which was -30.2B. US NY Empire State Manufacturing Index (Aug) today at 8:30 this time estimated 29.00, previously which was 43.00. AUSTRALIA RBA Meeting Minutes today at 21:30.
TECHNICAL SUMMARY
GBPUSD

TRADE SUGGESTION- SELL AT 1.38476, TAKE PROFIT AT 1.38291 AND STOP LOSS AT 1.38719
EURUSD

TRADE SUGGESTION- SELL AT 1.17856, TAKE PROFIT AT 1.17658 AND STOP LOSS AT 1.18033
EURGBP

TRADE SUGGESTION- SELL AT 0.8508, TAKE PROFIT AT 0.8497 AND STOP LOSS AT 0.8520
EURJPY

TRADE SUGGESTION- SELL AT 128.933, TAKE PROFIT AT 128.585 AND STOP LOSS AT 129.367
DOW JONES

TRADE SUGGESTION- BUY AT 35295 TAKE PROFIT AT 35399 AND STOP LOSS AT 35266
WTI CRUDE OIL

TRADE SUGGESTION- SELL AT 67.42 TAKE PROFIT AT 66.66 AND STOP LOSS AT 68.11
GOLD

TRADE SUGGESTION- SELL AT 1773.36, TAKE PROFIT AT 1767.56 AND STOP AT 1782.12
ETHEREUM

TRADE SUGGESTION- BUY AT 3282.75 TAKE PROFIT AT 3326.75 AND STOP AT 3257.11

 

[CSFXNEWS]

TECHNICAL ANALYSIS REPORT TODAY – 17 AUGUST 2021​

Asian shares declined in early trade on Tuesday. The Shanghai composite is down 1.76% at 3,455.80. Overall, the Singapore MSCI down 1.09% at 358.50. Over in Hong Kong, the Hang Seng Index down 1.61% at 25,670. In Japan, the Nikkei 225 down 0.40% at 27,360, while the Topix index is down 0.49% at 1912.5. South Korea’s Kospi down 0.95% to 3141.10. Australia S&P/ASX 200 down 0.85% at 7517.9.
European equities Monday closing. The DAX futures contract in Germany traded down 0.32% at 15925.73, CAC 40 futures down 0.83% at 6837.78 and the UK 100 futures contract in the U.K. down 0.65% at 7,126.5.
In U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.31% at 35625.41. The S&P 500 up 0.26% to 4479.72 and the Nasdaq 100 up 0.03% at 15140.77, NYSE closes at 16836.74 down 0.19%.
In the Forex market, GBPUSD down 0.22% at 1.38103. The USDJPY up 0.12% at 109.327. The USDCHF up 0.07% at 0.91281. EURUSD down 0.11% at 1.17639, EUR/GBP up 0.29% at 0.85183. The USD/CNY up 0.11% at 6.4811, at the time of writing.
In the commodity market U.S. Gold futures up 0.26% at $1,791.58. Elsewhere, Silver futures up 0.23% to $23.899 per ounce, Platinum down 0.20% at $1023.46 per ounce, and Palladium down 0.66% at $2,588.88.
Crude Oil down on Tuesday; Brent crude oil down 0.37% at $69.30 per barrel while U.S. West Texas Intermediate (CLc1) is down 0.56% at $69.18.
In the Cryptocurrency Markets, BTCUSD at 46027.40 up 0.25%, Ethereum at 3172.51 up 0.82%, Litecoin at 179.33 up 0.32%, at the time of writing.
TOP STOCKS TO WATCH OUT TODAY:
Dexcom Inc. up 3.006% at $506.18, Anthem Inc. up 2.422% at $376.39, Tesla Inc. down 4.323% to $686.17, Moderna Inc. down 4.084% to $373.86, Hess Corp. down 3.546% to $67.46, Marathon Oil Corp. down 3.554% at $11.67.
Economic news:
US: Boston Federal Reserve Bank President Eric Rosengren said on Monday that one more month of strong job gains could satisfy the U.S. central bank’s requirements for beginning to reduce its monthly asset purchases.
“We’ve had two months in a row where we’ve created more than 900,000 jobs and the unemployment rate dropped by half a percent to 5.4%,” Rosengren said during an interview with CNBC. “If we get another strong labor market report, I think that I would be supportive of announcing in September that we are ready to start the taper program.”
Fed officials said in December that they would continue purchasing assets at the current pace of $120 billion a month until there is “substantial further progress” toward the central bank’s goals for inflation and employment.
Rosengren said he believed the standard was already met for inflation, which is running slightly above the Fed’s 2% target. The policymaker repeated his view that he would support reducing the purchases of mortgage-backed securities and Treasury securities by equal amounts. He said the program should be completed by the middle of next year.
Eurozone: British Prime Minister Boris Johnson intends to host a virtual meeting of G7 leaders to tackle the deteriorating situation in Afghanistan and has stepped up efforts to evacuate UK nationals and others from Kabul.
Johnson spoke to French President Emmanuel Macron on Monday to agree how the two countries could work together to recognise any future Afghan government and in trying to prevent a humanitarian and refugee crisis, his office said.
The G7 call is expected to happen in coming days, while the two leaders also agreed that their countries should work together at the U.N. Security Council, including on a possible joint resolution.
British Foreign Secretary Dominic Raab said Western partners would also look at imposing sanctions and withholding aid if the Taliban failed to uphold human rights or allowed the country to become a base for terrorism again.
“It is not what we wanted,” Raab said. “But we have to deal with a new reality, we’re making it clear with our partners, with all the means at our disposal, that we will hold the Taliban to account to its commitments to have a new start in Afghanistan.”
Important Data: EURO ZONE GDP (YoY) (Q2) today at 5:00 this time estimated 13.7%, previously which was 13.7%. US Core Retail Sales (MoM) (Jul) today at 8:30 this time estimated 0.1%, previously which was 1.3%. JAPAN Adjusted Trade Balance today at 19:50 previously which was -0.09T. AUSTRALIA Wage Price Index (QoQ) (Q2) today at 21:30 this time estimated 0.6%, previously which was 0.6%.
TECHNICAL SUMMARY
GBPUSD

TRADE SUGGESTION- SELL AT 1.38006, TAKE PROFIT AT 1.37696 AND STOP LOSS AT 1.38314
EURUSD

TRADE SUGGESTION- SELL AT 1.17663, TAKE PROFIT AT 1.17434 AND STOP LOSS AT 1.17903
GBPJPY

TRADE SUGGESTION- SELL AT 150.827, TAKE PROFIT AT 150.432 AND STOP LOSS AT 151.230
CHFJPY

TRADE SUGGESTION- SELL AT 119.868, TAKE PROFIT AT 119.581 AND STOP LOSS AT 120.146
EURO STOXX 50

TRADE SUGGESTION- BUY AT 4181 TAKE PROFIT AT 4211 AND STOP LOSS AT 4166
WTI CRUDE OIL

TRADE SUGGESTION- SELL AT 67.00 TAKE PROFIT AT 65.65 AND STOP LOSS AT 68.08
GOLD

TRADE SUGGESTION- BUY AT 1792.76, TAKE PROFIT AT 1804.61 AND STOP AT 1776.63
LITECOIN USD

TRADE SUGGESTION- BUY AT 180.30 TAKE PROFIT AT 187.80 AND STOP AT 174.83

 

[CSFXNEWS]

TECHNICAL ANALYSIS REPORT TODAY – 18 AUGUST 2021​

Asia Pacific stocks were up on Wednesday morning. The Shanghai composite is up 0.72% at 3,472.00. Overall, the Singapore MSCI up 1.14% at 362. 40. Over in Hong Kong, the Hang Seng Index up 0.73% at 25,870. In Japan, the Nikkei 225 up 0.77% at 27,570, while the Topix index is up 0.52% at 1922.0. South Korea’s Kospi up 0.64% to 3163.27. Australia S&P/ASX 200 down 0.01% at 7509.9.
European equities Tuesday closing. The DAX futures contract in Germany traded down 0.02% at 15921.95, CAC 40 futures down 0.28% at 6819.85 and the UK 100 futures contract in the U.K. up 0.38% at 7,181.12.
In U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.79% at 35343.29. The S&P 500 down 0.71% to 4448.07 and the Nasdaq 100 up 0.28% at 15019.6, NYSE closes at 16707.12 down 0.77%.
In the Forex market, GBPUSD up 0.08% at 1.37444. The USDJPY up 0.03% at 109.610. The USDCHF up 0.05% at 0.91403. EURUSD up 0.08% at 1.17175, EUR/GBP up 0.12% at 0.85253. The USD/CNY down 0.06% at 6.4822, at the time of writing.
In the commodity market U.S. Gold futures up 0.35% at $1,792.00. Elsewhere, Silver futures up 0.31% to $23.734 per ounce, Platinum up 1.45% at $1011.92 per ounce, and Palladium up 1.80% at $2,530.30.
Crude Oil mix on Wednesday; Brent crude oil up 0.35% at $69.34 per barrel while U.S. West Texas Intermediate (CLc1) is down 0.30% at $68.97.
In the Cryptocurrency Markets, BTCUSD at 45368.63 up 1.51%, Ethereum at 3068.03 up 1.86%, Litecoin at 170.95 up 1.45%, at the time of writing.
TOP STOCKS TO WATCH OUT TODAY:
Moderna Inc. up 7.489% at $401.86, Pfizer Inc. up 3.087% at $50.42, Domino’s Pizza Inc. up 2.837% to $527.75, ETSY Inc. up 2.038% to $194.30, PVH Corp. down 5.408% to $106.7, Gap Inc. down 4.429% at $26.76.
Economic news:
US: Treasury Secretary Janet Yellen termed the Biden administration’s two-track legislative push for major spending bills on infrastructure and social programs as “the most important economic project in recent history,” countering objections that the bills will amount to “overinvesting.”
In an opinion piece published by Yahoo Finance, Yellen said the Senate’s votes this month in favor of a $550 billion infrastructure bill and a $3.5 trillion budget resolution that opens the way for expanded outlays on social programs, would help reverse decades of underinvestment in priorities like infrastructure, education and childcare. The House of Representatives is set to take up the measures this fall.
While Republicans joined Democrats in advancing the infrastructure bill, they have opposed the social-spending package, citing concerns about record U.S. debt levels and a surge in inflation they say has already been fueled by fiscal transfers to American households.
Yellen countered that Biden’s economic agenda “will bolster our economic growth and productivity, while bringing down some of the largest cost drivers for American families.”
Eurozone: The United Kingdom said on Tuesday it aims to start negotiations for a trade agreement with India by the end of the year.
“We are currently in the pre-negotiation scoping phase of an FTA (free trade agreement), with the aim of starting negotiations by the end of this year,” a spokesperson for Britain’s Department for International Trade said.
“With bilateral trade valued at 23 billion pounds ($31.60 billion) in 2019, a trade deal with India will help boost British exports through lower tariffs and increased investment opportunities,” the spokesperson said in an emailed statement.
A trade accord with India is seen as a key target for post-Brexit Britain. Prime Minister Boris Johnson reluctantly called off a trip to the capital Delhi in April this year after COVID-19 cases spiraled across India.
Since completing its exit from the European Union at the end of last year, Britain has been keen to secure trade deals and is particularly pursuing ties with nations in the Indo-Pacific region, home to some of the fastest-growing economies.
Important Data: CPI (YoY) (Jul) today at 5:00 this time estimated 2.2%, previously which was 2.2%. US Building Permits (Jul) today at 8:30 this time estimated 1.61M, previously which was 1.594M. CANADA Core CPI (MoM) (Jul) today at 8:30 previously which was 0.3%. US Crude Oil Inventories today at 10:30 this time estimated -1.055M, previously which was -0.447M.
TECHNICAL SUMMARY
GBPUSD

TRADE SUGGESTION- SELL AT 1.37460, TAKE PROFIT AT 1.37140 AND STOP LOSS AT 1.37771
EURUSD

TRADE SUGGESTION- SELL AT 1.17177, TAKE PROFIT AT 1.17009 AND STOP LOSS AT 1.17433
USDJPY

TRADE SUGGESTION- SELL AT 109.549, TAKE PROFIT AT 109.430 AND STOP LOSS AT 109.726
USDCHF

TRADE SUGGESTION- SELL AT 0.91362, TAKE PROFIT AT 0.91208 AND STOP LOSS AT 0.91543
DAX 30

TRADE SUGGESTION- SELL AT 15932 TAKE PROFIT AT 15812.3 AND STOP LOSS AT 15965.6
WTI CRUDE OIL

TRADE SUGGESTION- SELL AT 66.89 TAKE PROFIT AT 65.72 AND STOP LOSS AT 67.71
GOLD

TRADE SUGGESTION- BUY AT 1793.00, TAKE PROFIT AT 1805.27 AND STOP AT 1783.93
BTC USD

TRADE SUGGESTION- BUY AT 45114.97 TAKE PROFIT AT 46642.67 AND STOP AT 43783.18

 

[CSFXNEWS]

TECHNICAL ANALYSIS REPORT TODAY – 19 AUGUST 2021​

Asia Pacific stocks were mostly down on Thursday morning. The Shanghai composite is down 0.48% at 3,469.06. Overall, the Singapore MSCI down 1.23% at 356.30. Over in Hong Kong, the Hang Seng Index down 1.50% at 25,371. In Japan, the Nikkei 225 down 1.20% at 27,270, while the Topix index is down 1.38% at 1896.5. South Korea’s Kospi down 1.88% to 3099.57. Australia S&P/ASX 200 down 0.49% at 7465.5.
European equities Wednesday closing. The DAX futures contract in Germany traded up 0.28% at 15965.97, CAC 40 futures down 0.73% at 6770.12 and the UK 100 futures contract in the U.K. down 0.16% at 7,169.33.
In U.S. on Wall Street, the Dow Jones Industrial Average closed down 1.08% at 34960.7. The S&P 500 down 1.07% to 4400.26 and the Nasdaq 100 down 0.44% at 14777.6, NYSE closes at 16550.34 down 0.94%.
In the Forex market, GBPUSD down 0.35% at 1.37057. The USDJPY up 0.23% at 110.011. The USDCHF up 0.17% at 0.91833. EURUSD down 0.29% at 1.16753, EUR/GBP up 0.13% at 0.85197. The USD/CNY up 0.21% at 6.4978, at the time of writing.
In the commodity market U.S. Gold futures down 0.57% at $1,777.11. Elsewhere, Silver futures down 1.35% to $23.189 per ounce, Platinum down 1.41% at $982.98 per ounce, and Palladium down 0.42% at $2,414.46.
Crude Oil down on Thursday; Brent crude oil down 0.50% at $67.14 per barrel while U.S. West Texas Intermediate (CLc1) is down 0.39% at $68.70.
In the Cryptocurrency Markets, BTCUSD at 44427.59 down 0.67%, Ethereum at 3000.00 down 0.47%, Litecoin at 166.11 down 0.61%, at the time of writing.
TOP STOCKS TO WATCH OUT TODAY:
Tesla Inc. up 3.497% at $688.99, Carnival Corp. up 1.996% at $22.48, Kroger Co. up 1.805% to $46.26, CME Group Inc. down 3.803% to $197.58, IHS Markit Ltd. down 3.595% to $115.57, S&P Global Inc. down 3.192% at $430.00.
Economic news:
US: The U.S. economy likely created 166,000 fewer jobs in the 12 months through March than previously estimated, the Labor Department’s Bureau of Labor Statistics said on Wednesday.
The reading is a preliminary estimate of the BLS’ annual “benchmark” revision to the closely watched payrolls data. The leisure and hospitality sector, which was hardest hit by the COVID-19 pandemic, accounted for the bulk of the revision, with employment growth revised down by 597,000 or 4.6%.
Leisure and hospitality employment is 1.7 million below its peak in February 2020, though the industry has led the labor market recovery from the pandemic.
“It is somewhat ambiguous what this means for future employment in this sector beyond March 2021,” said Daniel Silver, an economist at JPMorgan (NYSE:JPM) in New York.
“This could suggest that more jobs need to be added to return closer to pre-pandemic levels but also that the pandemic-related hit to that sector was more severe and or longer-lasting than previously reported.”
Eurozone: British house prices rose in June at the fastest annual rate since 2004 as the market surged ahead of a phasing out of a tax break on property purchases, official data showed on Wednesday.
House prices were 13.2% higher than in June 2020, the Office for National Statistics said, following a 9.8% annual increase in May.
Finance minister Rishi Sunak cut stamp duty, a tax on house purchases, in July 2020. But from last month it started to return to its pre-pandemic level.
The tax cut aimed to reverse a slump in property sales at the start of the pandemic, and helped fuel a surge in property prices and some new construction. Many households were already seeking more spacious housing suited to working from home.
“Prices went berserk as the stamp duty taper closed in,” said Lucy Pendleton from London-based estate agent James Pendleton.
Important Data: US Initial Jobless Claims today at 8:30 this time estimated 363K, previously which was 375K. RUSSIA Central Bank reserves (USD) today at 9:00, previously which was 599.3B. RUSSIA Unemployment Rate (Jul) today at 12:30 this time estimated 4.7%, previously which was 4.8%. JAPAN National Core CPI (YoY) (Jul) today at 19:30 this time estimated -0.4%, previously which was -0.5%.
TECHNICAL SUMMARY
GBPUSD

TRADE SUGGESTION- SELL AT 1.36990, TAKE PROFIT AT 1.36863 AND STOP LOSS AT 1.37211
EURUSD

TRADE SUGGESTION- SELL AT 1.16727, TAKE PROFIT AT 1.16663 AND STOP LOSS AT 1.16799
EURGBP

TRADE SUGGESTION- BUY AT 0.85170, TAKE PROFIT AT 0.85315 AND STOP LOSS AT 0.85010
EURJPY

TRADE SUGGESTION- SELL AT 128.257, TAKE PROFIT AT 127.840 AND STOP LOSS AT 128.515
DJ EURO STOXX 50

TRADE SUGGESTION- SELL AT 4116 TAKE PROFIT AT 4069 AND STOP LOSS AT 4146
WTI CRUDE OIL

TRADE SUGGESTION- SELL AT 63.34 TAKE PROFIT AT 62.49 AND STOP LOSS AT 64.41
GOLD

TRADE SUGGESTION- SELL AT 1779.95, TAKE PROFIT AT 1774.17 AND STOP AT 1784.87
ETHEREUM

TRADE SUGGESTION- BUY AT 2978.21 TAKE PROFIT AT 3048.07 AND STOP AT 2885.23

 

[ForexWarrior2020]

Can I ask what your R percentage is or success rate?

 

[CSFXNEWS]

TECHNICAL ANALYSIS REPORT TODAY – 20 AUGUST 2021​

Asia Pacific stocks were mostly down on Friday morning. The Shanghai composite is down 1.59% at 3,410.70. Overall, the Singapore MSCI up 1.19% at 358.55. Over in Hong Kong, the Hang Seng Index down 1.46% at 24,845. In Japan, the Nikkei 225 down 0.92% at 26,960, while the Topix index is down 1.06% at 1875.5. South Korea’s Kospi down 1.17% to 3061.71. Australia S&P/ASX 200 down 0.03% at 7462.3.
European equities Thursday closing. The DAX futures contract in Germany traded down 1.25% at 15765.81, CAC 40 futures down 2.43% at 6605.90 and the UK 100 futures contract in the U.K. down 0.11% at 7,068.3.
In U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.19% at 34894.13. The S&P 500 up 0.13% to 4405.79 and the Nasdaq 100 down 0.20% at 14918.2, NYSE closes at 16429.13 down 0.73%.
In the Forex market, GBPUSD down 0.05% at 1.36233. The USDJPY down 0.03% at 109.688. The USDCHF down 0.22% at 0.91643. EURUSD up 0.09% at 1.16850, EUR/GBP up 0.23% at 0.85756. The USD/CNY up 0.11% at 6.5018, at the time of writing.
In the commodity market U.S. Gold futures up 0.46% at $1,787.50. Elsewhere, Silver futures up 0.47% to $23.311 per ounce, Platinum up 1.34% at $986.53 per ounce, and Palladium up 0.92% at $2,334.19.
Crude Oil mix on Friday; Brent crude oil up 0.35% at $66.70 per barrel while U.S. West Texas Intermediate (CLc1) is down 0.54% at $68.33.
In the Cryptocurrency Markets, BTCUSD at 47174.66 up 0.88%, Ethereum at 3231.25 up 1.45%, Litecoin at 176.79 up 0.71%, at the time of writing.
TOP STOCKS TO WATCH OUT TODAY:
Netflix Inc. up 4.185% at $543.71, NVIDIA Corp. up 3.981% at $197.98, Cisco Systems Inc. up 3.844% to $57.27, Gap Inc. up 2.812% to $27.42, Moderna Inc. down 5.835% to $375.53, Mosaic Co. down 4.335% at $29.57.
Economic news:
US: U.S. states can use federal pandemic-related funds passed this year to extend unemployment aid, President Joe Biden’s administration said on Thursday, saying the Delta variant impact on some local economies may mean people need help for longer.
“There are some states where it may make sense for unemployed workers to continue receiving additional assistance for a longer period of time, allowing residents of those states more time to find a job in areas where unemployment remains high,” U.S. Treasury Secretary Janet Yellen and U.S. Labor Secretary Martin Walsh told congressional leaders in a letter.
“The Delta variant may also pose short-term challenges to local economies and labor markets,” they added.
Extra federal unemployment benefits will expire as planned on Sept. 6, they said. But states can tap funds from a law enacted in March called the American Rescue Plan, they told the heads of the Senate Finance Committee and the House of Representatives Ways and Means Committee.
Eurozone: The European Central Bank’s new policy guidance can boost inflation expectations, paving the ground to higher interest rates down the line, the ECB’s chief economist Philip Lane said on Thursday.
“The systematic approach to monetary policy embedded in rate forward guidance has the capacity to boost inflation expectations and thereby strengthen inflation dynamics,” Lane said in a blog post.
“In turn, stronger inflation dynamics are the key to eventual normalisation of policy rates.”
Important Data: CANADA Core Retail Sales (MoM) (Jun) today at 8:30 this time estimated 4.6%, previously which was -2.0%. CANADA New Housing Price Index (MoM) (Jul) today at 8:30, previously which was 0.6%. RUSSIA Retail Sales (YoY) (Jul) today at 12:00 this time estimated 5.4%, previously which was 10.9%. RUSSIA GDP Quarterly (YoY) (Q2) today at 14:00 previously which was 10.3%.
TECHNICAL SUMMARY
GBPUSD

TRADE SUGGESTION- SELL AT 1.36122, TAKE PROFIT AT 1.36026 AND STOP LOSS AT 1.36275
EURUSD

TRADE SUGGESTION- SELL AT 1.16792, TAKE PROFIT AT 1.16621 AND STOP LOSS AT 1.16978
GBPJPY

TRADE SUGGESTION- SELL AT 149.345, TAKE PROFIT AT 148.960 AND STOP LOSS AT 149.540
CHFJPY

TRADE SUGGESTION- SELL AT 119.623, TAKE PROFIT AT 119.417 AND STOP LOSS AT 119.905
NIKKEI 225

TRADE SUGGESTION- SELL AT 26964 TAKE PROFIT AT 26939 AND STOP LOSS AT 26997
WTI CRUDE OIL

TRADE SUGGESTION- SELL AT 63.85 TAKE PROFIT AT 63.03 AND STOP LOSS AT 64.73
GOLD

TRADE SUGGESTION- BUY AT 1786.86, TAKE PROFIT AT 1792.47 AND STOP AT 1778.48
BTCUSD

TRADE SUGGESTION- BUY AT 47098.86 TAKE PROFIT AT 48724.23 AND STOP AT 45917.11

 

[CSFXNEWS]

TECHNICAL ANALYSIS REPORT TODAY – 23 AUGUST 2021​

Asian shares and oil prices bounced on Monday. The Shanghai composite is up 1.42% at 3,476.18. Overall, the Singapore MSCI down 0.32% at 356.95. Over in Hong Kong, the Hang Seng Index up 1.63% at 25,192. In Japan, the Nikkei 225 up 1.85% at 27,510, while the Topix index is up 1.83% at 1916.0. South Korea’s Kospi up 1.02% to 3091.70. Australia S&P/ASX 200 up 0.35% at 7487.3.
European equities Friday closing. The DAX futures contract in Germany traded up 0.27% at 15808.04, CAC 40 futures up 0.31% at 6626.12 and the UK 100 futures contract in the U.K. up 0.41% at 7,087.91.
In U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.65% at 35120.09. The S&P 500 up 0.52% to 4441.68 and the Nasdaq 100 up 0.27% at 15141.4, NYSE closes at 16516.67 up 0.53%.
In the Forex market, GBPUSD up 0.27% at 1.36573. The USDJPY up 0.18% at 109.968. The USDCHF down 0.02% at 0.91662. EURUSD up 0.13% at 1.1715, EUR/GBP down 0.04% at 0.85776. The USD/CNY down 0.12% at 6.4932, at the time of writing.
In the commodity market U.S. Gold futures up 0.33% at $1,786.60. Elsewhere, Silver futures up 0.99% to $23.240 per ounce, Platinum up 1.78% at $1013.76 per ounce, and Palladium up 1.76% at $2,316.00.
Crude Oil mix on Monday; Brent crude oil up 2.31% at $66.45 per barrel while U.S. West Texas Intermediate (CLc1) is down 0.34% at $68.10.
In the Cryptocurrency Markets, BTCUSD at 50119.12 up 1.70%, Ethereum at 3330.32 up 2.74%, Litecoin at 188.07 up 0.97%, at the time of writing.
TOP STOCKS TO WATCH OUT TODAY:
NVIDIA Corp. up 5.142% at $208.16, Mosaic Co. up 3.889% at $30.72,
ETSY Inc. up 3.635% to $199.27, Corning Inc. down 1.761to $40.17, Domino’s Pizza Inc. down 1.698% to $509.52, Intel Corp. down 0.82% at $52.01.
Economic news:
US: U.S. Vice President Kamala Harris met top leaders in Singapore on Monday on the first working day of her trip to Southeast Asia and struck partnerships to tackle cyber threats, supply disruptions and the COVID-19 pandemic – areas that have emerged as top priorities for President Joe Biden’s administration.
Harris met with Singapore’s Prime Minister Lee Hsien Loong and President Halimah Yacob during a trip aimed at bolstering ties with partners in the region as part of Washington’s efforts to counter China’s growing economic and security influence.
Details of the meeting were shared by senior U.S. administration officials and Harris is expected to hold a press conference with Lee later on Monday. She will also visit the Changi Naval Base and tour the USS Tulsa combat ship.
Singapore is not a U.S. treaty ally, but remains one of its strongest security partners in the region with deep trade ties. However, it also seeks to balance its relationships with the United States and China by not taking sides.
Eurozone: Moscow pledged retaliatory measures after a new set of sanctions imposed by the United States on a Russian ship and two companies involved in the Nord Stream 2 gas pipeline, Russia’s foreign ministry said in a statement on Saturday.
The $11 billion project, which will double the existing Nord Stream pipeline across the Baltic Sea and allow Russia to bypass Ukraine when piping gas to Europe, has been a focal point of tensions between Moscow and Washington.
Washington imposed the sanctions on Friday on a ship, its owner and a construction company, but opponents of the project said the measures were insufficient to stop it.
The United States and Britain also imposed sanctions on Friday on men they said were Russian intelligence operatives responsible for the poisoning one year ago of Kremlin critic Alexei Navalny.
“We view such hostile actions by the Biden administration as dictated by a lack of political will and an unwillingness to build U.S.-Russian relations on a partnership basis,” Maria Zakharova, a spokeswoman for Russia’s Foreign Ministry, was quoted as saying in the statement.
Important Data: UK Services PMI (Aug) today at 4:30 previously which was 59.6. EURO ZONE Services PMI (Aug) today at 4:00 this time estimated 59.8, previously which was 59.8. US Existing Home Sales (Jul) today at 10:00 this time estimated 5.81M, previously which was 5.86M. NEW ZEALAND Retail Sales (QoQ) (Q2) today at 18:45 previously which was 2.5%.
TECHNICAL SUMMARY
GBPUSD

TRADE SUGGESTION- SELL AT 1.36420, TAKE PROFIT AT 1.36104 AND STOP LOSS AT 1.36882
EURUSD

TRADE SUGGESTION- SELL AT 1.17060, TAKE PROFIT AT 1.16647 AND STOP LOSS AT 1.17251
USDJPY

TRADE SUGGESTION- SELL AT 109.932, TAKE PROFIT AT 109.809 AND STOP LOSS AT 110.136
USDCHF

TRADE SUGGESTION- BUY AT 0.91643, TAKE PROFIT AT 0.91858 AND STOP LOSS AT 0.91448
FTSE 100

TRADE SUGGESTION- SELL AT 7127 TAKE PROFIT AT 7091.5 AND STOP LOSS AT 7148
WTI CRUDE OIL

TRADE SUGGESTION- SELL AT 63.33 TAKE PROFIT AT 62.54 AND STOP LOSS AT 63.
GOLD

TRADE SUGGESTION- BUY AT 1786.72, TAKE PROFIT AT 1793.64 AND STOP AT 1779.53
LITECOIN USD

TRADE SUGGESTION- BUY AT 187.68 TAKE PROFIT AT 194.56 AND STOP AT 179.48