Daily Technical Analysis Report By Capital Street Fx

[CSFXNEWS]

TECHNICAL ANALYSIS REPORT TODAY – 24 AUGUST 2021​

Asia Pacific stocks were up on Tuesday morning. The Shanghai composite is up 1.15% at 3,517.05. Overall, the Singapore MSCI up 0.70% at 357.70. Over in Hong Kong, the Hang Seng Index up 1.80% at 25,538. In Japan, the Nikkei 225 up 0.76% at 27,730, while the Topix index is up 0.81% at 1932.5. South Korea’s Kospi up 1.42% to 3134.54. Australia S&P/ASX 200 up 0.15% at 7501.5.
European equities Monday closing. The DAX futures contract in Germany traded up 0.28% at 15852.79, CAC 40 futures up 0.86% at 6683.11 and the UK 100 futures contract in the U.K. up 0.30% at 7,109.03.
In U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.61% at 35335.72. The S&P 500 up 0.85% to 4479.54 and the Nasdaq 100 up 1.46% at 15312.82, NYSE closes at 16648.54 up 0.80%.
In the Forex market, GBPUSD up 0.26% at 1.37459. The USDJPY up 0.08% at 109.788. The USDCHF up 0.07% at 0.91293. EURUSD flat at 1.1743, EUR/GBP down 0.12% at 0.85436. The USD/CNY down 0.13% at 6.4774, at the time of writing.
In the commodity market U.S. Gold futures down 0.02% at $1,804.61. Elsewhere, Silver futures up 0.21% to $23.622 per ounce, Platinum down 0.28% at $1017.12 per ounce, and Palladium up 0.73% at $2,410.00.
Crude Oil up on Tuesday; Brent crude oil up 0.55% at $69.14 per barrel while U.S. West Texas Intermediate (CLc1) is up 0.69% at $68.57.
In the Cryptocurrency Markets, BTCUSD at 49660.09 up 0.20%, Ethereum at 3335.80 up 0.56%, Litecoin at 186.63 down 0.20%, at the time of writing.
TOP STOCKS TO WATCH OUT TODAY:
Moderna Inc. up 7.549% at $411.89, Xilinx Inc. up 6.412% at $153.52,
Marathon Oil Corp. up 5.41% to $11.30, Pool Corp. down 2.37 to $474.9, Dexcom Inc. down 1.208% to $512.72, Illumina Inc. down 1.722% at $478.33.
Economic news:
US: Borrowings by U.S. companies for capital investments rose 9% in July from a year earlier, the Equipment Leasing and Finance Association (ELFA) said on Monday.
The companies signed up for $9.9 billion in new loans, leases and lines of credit last month, up from $9.1 billion a year earlier. However, borrowings fell 5% from the previous month.
“Despite supply chain disruptions in some sectors of the economy, signs of inflation, and the emergence of the Delta coronavirus, July new business volume in the equipment finance industry is strong,” ELFA Chief Executive Officer Ralph Petta said in a statement.
Petta also cited a pick-up in consumer spending and slowing unemployment as reasons to be optimistic about equipment investment and industry performance for the second half of the year.
Eurozone: Economic growth in Germany could miss projections this year and the resurgence of the coronavirus pandemic may put unexpected strain on the economy in the autumn, the Bundesbank said in a monthly report on Monday.
Europe’s biggest economy is expected to grow by 3.7% this year and 5.2% in 2022 but the early weeks of the rebound were more timid than projected and that will likely weigh on the full-year figure as well, the Bundesbank said.
Germany is still likely to have enjoyed robust expansion over the summer months, with services benefiting from the easing of restrictions as infection numbers declined, boosting tourism income.
While some restrictions could be reintroduced in the autumn if infections continue to rise, they are unlikely to be as strict as in the past given Germany’s progress in vaccinating its population, the Bundesbank added.
Important Data: US New Home Sales (Jul) today at 10:00 this time estimated 700K, previously which was 676K. US API Weekly Crude Oil Stock today at 16:30, previously which was -1.163M. NEW ZEALAND Trade Balance (YoY) (Jul) today at 18:45 previously which was -250M. AUSTRALIA Construction Work Done (QoQ) (Q2) today at 21:30 this time estimated 2.5%, previously which was 2.4%.
TECHNICAL SUMMARY
GBPUSD

TRADE SUGGESTION- SELL AT 1.3733, TAKE PROFIT AT 1.37146 AND STOP LOSS AT 1.37618
EURUSD

TRADE SUGGESTION- BUY AT 1.17374, TAKE PROFIT AT 1.17668 AND STOP LOSS AT 1.17188
EURGBP

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

TRADE SUGGESTION- SELL AT 128.960, TAKE PROFIT AT 128.842 AND STOP LOSS AT 129.102
CAC 40

TRADE SUGGESTION- SELL AT 6713.1 TAKE PROFIT AT 6652.4 AND STOP LOSS AT 6788.2
WTI CRUDE OIL

TRADE SUGGESTION- SELL AT 65.75 TAKE PROFIT AT 65.10 AND STOP LOSS AT 66.33
GOLD

TRADE SUGGESTION- BUY AT 1803.44, TAKE PROFIT AT 1809.39 AND STOP AT 1794.10
BTC USD

TRADE SUGGESTION- BUY AT 49741.93 TAKE PROFIT AT 51294.62 AND STOP AT 48801.14

 

[CSFXNEWS]

TECHNICAL ANALYSIS REPORT TODAY – 25 AUGUST 2021​

Asian shares held onto their recent gains on Wednesday. The Shanghai composite is up 0.41% at 3,528.82. Overall, the Singapore MSCI up 0.21% at 357.75. Over in Hong Kong, the Hang Seng Index up 0.07% at 25,655. In Japan, the Nikkei 225 flat at 27,740, while the Topix index is up 0.03% at 1936.0. South Korea’s Kospi up 0.18% to 3144.07. Australia S&P/ASX 200 up 0.22% at 7519.6.
European equities Tuesday closing. The DAX futures contract in Germany traded up 0.33% at 15905.85, CAC 40 futures down 0.28% at 6664.32 and the UK 100 futures contract in the U.K. up 0.24% at 7,125.79.
In U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.09% at 35366.27. The S&P 500 up 0.15% to 4486.22 and the Nasdaq 100 flat at 15367.40, NYSE closes at 16741.16 up 0.56%.
In the Forex market, GBPUSD down 0.07% at 1.37176. The USDJPY up 0.10% at 109.731. The USDCHF up 0.18% at 0.91417. EURUSD down 0.10% at 1.1742, EUR/GBP flat at 0.85596. The USD/CNY up 0.08% at 6.4759, at the time of writing.
In the commodity market U.S. Gold futures down 0.35% at $1,795.61. Elsewhere, Silver futures down 0.39% to $23.720 per ounce, Platinum down 1.68% at $994.50 per ounce, and Palladium down 1.68% at $2,431.50.
Crude Oil mix on Wednesday; Brent crude oil down 0.20% at $71.00 per barrel while U.S. West Texas Intermediate (CLc1) is up 0.26% at $68.75.
In the Cryptocurrency Markets, BTCUSD at 48404.57 up 1.41%, Ethereum at 3208.23 up 1.02%, Litecoin at 177.60 up 2.25%, at the time of writing.
TOP STOCKS TO WATCH OUT TODAY:
Booking Holdings Inc. up 4.482% at $2233.11, Carnival Corp. up 4.424% at $23.84,
Nov Inc. up 4.372% to $13.13, Moderna Inc. down 4.115 to $394.94, Pfizer Inc. down 3.104% to $48.38, Kroger Co. down 2.118% at $45.75.
Economic news:
US: The Biden administration said on Tuesday it would take steps to restart the federal oil and gas leasing program in the next week and plans to hold a Gulf of Mexico auction as soon as October, court papers showed.
The move comes two months after the U.S Interior Department first said it would comply with a June 15 federal judge’s order blocking its months-long pause in oil and gas leasing on federal lands and waters.
That order was a blow to a key White House effort to address climate change by reining in fossil fuel extraction.
U.S. President Joe Biden paused the oil and gas leasing program in January, pending an analysis of its impacts on the environment and value to taxpayers. Interior said in a statement that it is still conducting that review.
The filing to a Louisiana federal district court on Tuesday was in response to a motion by the state of Louisiana and 12 other states from earlier this month that sought to compel Interior to restart the leasing program and to show why it should not be held in contempt for failing to comply with the order issued weeks earlier.
Eurozone: The number of homes sold in the United Kingdom fell by more than half last month after the scaling-back of a tax break designed to encourage home purchases during the coronavirus crisis, official data showed on Tuesday.
Britain’s tax office said 73,740 homes were sold in July on a seasonally adjusted basis – 63% fewer than in June when buyers had rushed to complete sales before a COVID emergency tax break was reduced – although 4% more than in July 2020.
Sales were down 24% compared with the same month in 2019, before the pandemic.
British finance minister Rishi Sunak last year temporarily scrapped the stamp duty tax on the first 500,000 pounds ($685,550) of property purchases in England and Northern Ireland.
That full exemption expired at the end of June but buyers in England and Northern Ireland will benefit from a 250,000 pound exemption until the end of September.
Important Data: US Core Durable Goods Orders (MoM) (Jul) today at 8:30 this time estimated 0.5%, previously which was 0.3%. US Crude Oil Inventories today at 10:30 this time estimated -2.683M, previously which was -3.234M. AUSTRALIA Private New Capital Expenditure (QoQ) (Q2) today at 21:30 this time estimated 2.5%, previously which was 6.3%. JAPAN Foreign Bonds Buying today at 19:50 previously which was 661.8B.
TECHNICAL SUMMARY
GBPUSD

TRADE SUGGESTION- SELL AT 1.37101, TAKE PROFIT AT 1.37016 AND STOP LOSS AT 1.37219
EURUSD

TRADE SUGGESTION- BUY AT 1.17302, TAKE PROFIT AT 1.17522 AND STOP LOSS AT 1.17179
GBPJPY

TRADE SUGGESTION- SELL AT 150.550, TAKE PROFIT AT 150.375 AND STOP LOSS AT 150.730
CHFJPY

TRADE SUGGESTION- BUY AT 120.092, TAKE PROFIT AT 120.308 AND STOP LOSS AT 119.919
NIKKEI 225

TRADE SUGGESTION- BUY AT 27759 TAKE PROFIT AT 27900 AND STOP LOSS AT 27638
WTI CRUDE OIL

TRADE SUGGESTION- BUY AT 67.32 TAKE PROFIT AT 68.09 AND STOP LOSS AT 66.66
GOLD

TRADE SUGGESTION- BUY AT 1792.18, TAKE PROFIT AT 1806.35 AND STOP AT 1783.93
LITECOIN USD

TRADE SUGGESTION- BUY AT 176.71 TAKE PROFIT AT 189.00 AND STOP AT 167.84

 

[CSFXNEWS]

TECHNICAL ANALYSIS REPORT TODAY – 26 AUGUST 2021​

Asian shares retreated on Thursday. The Shanghai Composite is down 0.01% at 3,517.20. Overall, the Singapore MSCI up 0.01% at 357.50. Over in Hong Kong, the Hang Seng Index down 0.06% at 25,286. In Japan, the Nikkei 225 flat at 27,710, while the Topix index is flat at 1934.0. South Korea’s Kospi down 0.01% to 3129.51. Australia S&P/ASX 200 down 0.02% at 7485.9.
European equities Wednesday closing. The DAX futures contract in Germany traded flat at 15860.66, CAC 40 futures flat at 6676.49 and the UK 100 futures contract in the U.K. up 0.08% at 7,148.14.
In U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.02% at 35407.92. The S&P 500 flat at 4496.20 and the Nasdaq 100 down 0.03% at 15339.20, NYSE closes at 16814.72 down 0.04%.
In the Forex market, GBPUSD down 0.07% at 1.37452. The USDJPY up flat at 110.001. The USDCHF up 0.07% at 0.91508. EURUSD down 0.04% at 1.1760, EUR/GBP up 0.04% at 0.85568. The USD/CNY up 0.07% at 6.4835, at the time of writing.
In the commodity market U.S. Gold futures down 0.06% at $1,785.39. Elsewhere, Silver futures up 0.04% to $23.690 per ounce, Platinum down 0.14% at $988.52 per ounce, and Palladium down 0.21% at $2,390.50.
Crude Oil up on Thursday; Brent crude oil up 0.03% at $72.06 per barrel while U.S. West Texas Intermediate (CLc1) is up 0.03% at $68.03.
In the Cryptocurrency Markets, BTCUSD at 47003.58 down 0.22%, Ethereum at flat at 3110.00, Litecoin at 170.77 up 0.07%, at the time of writing.
TOP STOCKS TO WATCH OUT TODAY:
Western Digital Corp. up 7.801% at $65.50, American Express Co. up 3.089% at $166.18, Micron Technology Inc. up 2.862% to $74.04, Gap Inc. down 5.307% to $27.48, Biogen Inc. down 1.903% to $342.75, Pfizer Inc. down 1.798% at $47.51.
Economic news:
US: Mortgage applications increased last week, as purchasing applications posted their largest increase since early July while mortgage rates edged down.
The Mortgage Bankers Association (MBA) said on Wednesday its average contract interest rate for traditional 30-year mortgages declined to 3.03% from 3.06% in the week ending Aug. 20. The seasonally adjusted market composite index tracking mortgage applications rose 1.6% from a week earlier, reflecting a 0.9% increase in applications to refinance existing loans.
Purchase applications rose 3.0%, the MBA said.
After hitting record lows late last year below 2.9%, mortgage rates climbed in the first part of this year and peaked in the spring. Rates had been drifting lower since, held down in large part by the U.S. Federal Reserve’s extraordinary stimulus measures aimed at helping the economy rebound from the coronavirus pandemic, but ticked higher last week after data showed a hiring surge last month.
Eurozone: The mood among German consumers darkened heading into September as accelerating inflation and rising COVID-19 cases made them more hesitant to buy, a survey showed on Thursday.
The GfK institute said its consumer sentiment index, based on a survey of around 2,000 Germans, dropped to -1.2 points for September, from a revised -0.4 points a month earlier. The reading compared with a Reuters forecast for -0.7.
“Prices have been rising rapidly since the middle of this year. This has a dampening effect on the consumer mood,” GfK consumer expert Rolf Buerkl said in a statement.
Germany’s harmonised annual consumer prices rose 3.1% in July, hitting a 13-year high and fuelling a debate about whether the increase in the cost of living will persist.
An increase in coronavirus infections and a slower pace of vaccinations have also hit consumers’ expectations for the economy and affected their propensity to buy, Buerkl added.
Important Data: US GDP (QoQ) (Q2) today at 8:30 this time estimated 6.7%, previously which was 6.5%. US Initial Jobless Claims today at 8:30 this time estimated 350K, previously which was 348K. AUSTRALIA Retail Sales (MoM) (Jul) today at 21:30 this time estimated -2.3%, previously which was -1.8%. JAPAN Tokyo Core CPI (YoY) (Aug) today at 19:30 this time estimated -0.2%, previously which was -0.3%.
TECHNICAL SUMMARY
GBPUSD

TRADE SUGGESTION- SELL AT 1.37380, TAKE PROFIT AT 1.37154 AND STOP LOSS AT 1.37675
EURUSD

TRADE SUGGESTION- BUY AT 1.17582, TAKE PROFIT AT 1.17889 AND STOP LOSS AT 1.17369
USDJPY

TRADE SUGGESTION- BUY AT 110.116, TAKE PROFIT AT 110.332 AND STOP LOSS AT 109.896
USDCHF

TRADE SUGGESTION- BUY AT 0.91636, TAKE PROFIT AT 0.91852 AND STOP LOSS AT 0.91408
S&P 500

TRADE SUGGESTION- BUY AT 4484.44 TAKE PROFIT AT 4500.14 AND STOP LOSS AT 4466.92
WTI CRUDE OIL

TRADE SUGGESTION- BUY AT 67.65 TAKE PROFIT AT 68.44 AND STOP LOSS AT 66.92
GOLD

TRADE SUGGESTION- SELL AT 1786.56, TAKE PROFIT AT 1775.80 AND STOP AT 1793.37
ETHEREUM

TRADE SUGGESTION- SELL AT 3114.14 TAKE PROFIT AT 3042.31 AND STOP AT 3185.70

 

[CSFXNEWS]

TECHNICAL ANALYSIS REPORT TODAY – 30 AUGUST 2021​

Asia Pacific stocks were mostly up on Monday morning. The Shanghai composite is down 0.11% at 3,518.17. Overall, the Singapore MSCI up 0.89% at 357.00. Over in Hong Kong, the Hang Seng Index down 0.27% at 25,298. In Japan, the Nikkei 225 up 0.47% at 27,770, while the Topix index is up 0.96% at 1948.5. South Korea’s Kospi up 0.37% to 3145.34. Australia S&P/ASX 200 up 0.30% at 7510.4.
European equities Friday closing. The DAX futures contract in Germany traded up 0.37% at 15851.75, CAC 40 futures up 0.24% at 6681.91 and the UK 100 futures contract in the U.K. up 0.32% at 7,148.02.
In U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.69% at 35455.81. The S&P 500 up 0.88% at 4509.38 and the Nasdaq 100 up 0.05% at 15440.7, NYSE closes at 16844.74 up 0.90%.
In the Forex market, GBPUSD up 0.11% at 1.37720. The USDJPY up down 0.03% at 109.766. The USDCHF up 0.08% at 0.91167. EURUSD up 0.04% at 1.18011, EUR/GBP up 0.03% at 0.85681. The USD/CNY down 0.04% at 6.4688, at the time of writing.
In the commodity market U.S. Gold futures down 0.11% at $1,814.45. Elsewhere, Silver futures down 0.02% to $23.986 per ounce, Platinum down 0.27% at $1009.50 per ounce, and Palladium down 0.06% at $2,417.00.
Crude Oil up on Monday; Brent crude oil up 0.17% at $72.70 per barrel while U.S. West Texas Intermediate (CLc1) is up 1.86% at $69.06.
In the Cryptocurrency Markets, BTCUSD at 47878.14 down 1.89%, Ethereum at down 1.92% at 3164.34, Litecoin at 171.51 down 1.70%, at the time of writing.
TOP STOCKS TO WATCH OUT TODAY:
Nov Inc. up 4.904% at $13.69, Teradyne Inc. up 4.643% at $122.60, Marathon Oil Corp. up 4.254% to $12.01, Moderna Inc. down 4.517% to $382.22, Autozone Inc. down 2.543% to $1548.49, Pfizer Inc. down 1.646% at $46.60.
Economic news:
US: The dollar loitered around multi-week lows on Monday in the wake of Federal Reserve Chair Jerome Powell laying out a slower-than-expected path to rate hikes, as traders’ focus shifted to U.S. jobs figures due on Friday for clues on a tapering timeline.
A storm lashing oilfield in the Gulf of Mexico also lent support to crude prices and to oil-exposed currencies, helping the Norwegian crown drift to a seven-week peak.
The euro touched its highest since early August during Asia trade, at $1.1810, and the yen rose to its strongest since last Wednesday at 109.70 per dollar.
A holiday in Britain on Monday was expected to limit further moves in the London session.
The greenback has fallen since Powell said on Friday that tapering could begin this year but that it wouldn’t directly signal higher rates, as hiking would need the economy to pass a substantially more stringent test.
Eurozone: French consumers were only marginally less confident about their economic prospects in August despite a surge in coronavirus cases and new rules requiring a health pass to enter many retail outlets, a monthly survey showed on Friday.
The INSEE official statistics agency said its monthly consumer confidence index fell to 99 from 100 in July, just short of the average expectation for 100 in a Reuters poll of 10 economists.
The index had peaked at 102 in June – the highest since the pandemic started – as vaccination rates picked up and coronavirus restrictions were eased.
But with France now facing its fourth coronavirus wave as the Delta variant spreads, the government began requiring people earlier this month to show proof of vaccination to enter cafes, restaurants, trains and big shopping malls.
Important Data: US Pending Home Sales (MoM) (Jul) today at 10:00 this time estimated 0.4%, previously which was -1.9%. RUSSIA GDP Quarterly (YoY) (Q2) today at 14:00 previously which was 10.3%. JAPAN Jobs/applications ratio (Jul) today at 19:30 this time estimated 1.12, previously which was 1.13. AUSTRALIA Private Sector Credit (MoM) (Jul) today at 21:30 previously which was 0.9%.
TECHNICAL SUMMARY
GBPUSD

TRADE SUGGESTION- SELL AT 1.37607, TAKE PROFIT AT 1.37364 AND STOP LOSS AT 1.37839
EURUSD

TRADE SUGGESTION- BUY AT 1.17937, TAKE PROFIT AT 1.18191 AND STOP LOSS AT 1.17752
EURGBP

TRADE SUGGESTION- BUY AT 0.85669, TAKE PROFIT AT 0.85874 AND STOP LOSS AT 0.85549
EURJPY

TRADE SUGGESTION- BUY AT 129.524, TAKE PROFIT AT 129.741 AND STOP LOSS AT 129.368
NASDAQ 100

TRADE SUGGESTION- BUY AT 15441.49 TAKE PROFIT AT 15454.99 AND STOP LOSS AT 15389.01
WTI CRUDE OIL

TRADE SUGGESTION- BUY AT 68.19 TAKE PROFIT AT 68.78 AND STOP LOSS AT 67.72
GOLD

TRADE SUGGESTION- BUY AT 1813.70, TAKE PROFIT AT 1824.16 AND STOP AT 1806.27
BTCUSD

TRADE SUGGESTION- BUY AT 47916.09 TAKE PROFIT AT 49292.10 AND STOP AT 47001.13

 

[CSFXNEWS]

TECHNICAL ANALYSIS REPORT TODAY – 31 AUGUST 2021​

Asia Pacific stocks were mostly up on Tuesday morning. The Shanghai composite is up 0.23% at 3,535.62. Overall, the Singapore MSCI down 0.89% at 352.55. Over in Hong Kong, the Hang Seng Index up 0.62% at 25,579. In Japan, the Nikkei 225 up 1.59% at 28,180, while the Topix index is up 0.98% at 1964.5. South Korea’s Kospi up 1.75% to 3199.27. Australia S&P/ASX 200 up 0.41% at 7534.9.
European equities Monday closing. The DAX futures contract in Germany traded up 0.22% at 15887.31, CAC 40 futures up 0.08% at 6687.31 and the UK 100 futures contract in the U.K. up 0.32% at 7,148.02.
In U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.16% at 35399.85. The S&P 500 up 0.43% at 4528.80 and the Nasdaq 100 up 0.40% at 15640.7, NYSE closes at 16819.62 down 0.15%.
In the Forex market, GBPUSD up 0.25% at 1.37909. The USDJPY down 0.05% at 109.865. The USDCHF down 0.13% at 0.91523. EURUSD up 0.27% at 1.18278, EUR/GBP up 0.04% at 0.85737. The USD/CNY down 0.08% at 6.4614, at the time of writing.
In the commodity market U.S. Gold futures up 0.35% at $1,815.98. Elsewhere, Silver futures up 0.58% to $24.134 per ounce, Platinum up 0.43% at $1012.31 per ounce, and Palladium down 0.12% at $2,490.00.
Crude Oil mix on Tuesday; Brent crude oil down 0.25% at $73.20 per barrel while U.S. West Texas Intermediate (CLc1) is up 0.61% at $69.48.
In the Cryptocurrency Markets, BTCUSD at 46997.47 down 0.01%, Ethereum at up 0.39% at 3238.95, Litecoin at 168.58 up 0.74%, at the time of writing.
TOP STOCKS TO WATCH OUT TODAY:
ETSY Inc. up 3.474% at $217.71, Apple Inc. up 3.042% at $153.12, HP Inc. up 2.835% to $29.74, Tesla Inc. up 2.667% to $730.91, NetEase Inc. down 3.385% to $89.62, Moderna Inc. down 3.017% at $370.69.
Economic news:
US: Cleveland Federal Reserve Bank President Loretta Mester said on Monday that the U.S. economy is recovering strongly but she is not yet convinced that recent inflation readings will be enough to satisfy the price stability goal the U.S. central bank revamped a year ago.
The policymaker said there were upside risks to inflation and that officials need to pay close attention to price changes, but that she expects some inflation metrics will come down after some of the supply chain disruptions caused by the pandemic are resolved.
“I’d like to see a little more data before I can arrive and conclude that…we’re at 2% and on the way above 2% for some time,” Mester said during an interview with Reuters on Monday.
Mester’s remarks highlight the growing tension among Fed policymakers as they approach a turning point in their policy without broad agreement on some of the key metrics that define their goals.
Eurozone: The European Commission told the Czech Republic on Monday it would halt the payment of some EU subsidies until the country tightens its laws to guard against conflicts of interest.
The EU executive concluded in an audit released in April that Prime Minister Andrej Babis was in a conflict of interest as final owner of a business empire, mainly under the Agrofert group of companies, that receives EU funding.
Babis has repeatedly insisted he has not broken any laws, having moved his business holdings into two trust funds.
But on Monday, the Commission said it would not reimburse any spending on EU projects claimed by companies held by trust funds for now.
“As long as all the recommendations formulated in the (audit) report are not carried out, we are advising the Czech authorities not to declare expenses that are due for companies whose beneficial owners are trust funds. It’s a warning,” the Commission said.
Important Data: US CB Consumer Confidence (Aug) today at 10:00 this time estimated 124.0, previously which was 129.1. US API Weekly Crude Oil Stock today at 16:30 this time estimated -2.833M, previously which was -1.622M. AUSTRALIA GDP (QoQ) (Q2) today at 21:30 this time estimated 0.5%, previously which was 1.8%. JAPAN Capital Spending (YoY) (Q2) today at 19:50 previously which was -7.8%.
TECHNICAL SUMMARY
GBPUSD

TRADE SUGGESTION- BUY AT 1.37888, TAKE PROFIT AT 1.38164 AND STOP LOSS AT 1.37623
EURUSD

TRADE SUGGESTION- BUY AT 1.18249, TAKE PROFIT AT 1.18776 AND STOP LOSS AT 1.17991
GBPJPY

TRADE SUGGESTION- BUY AT 151.391, TAKE PROFIT AT 151.573 AND STOP LOSS AT 151.210
CHFJPY

TRADE SUGGESTION- SELL AT 119.891, TAKE PROFIT AT 119.729 AND STOP LOSS AT 120.145
EURO STOXX 50

TRADE SUGGESTION- BUY AT 4205.00 TAKE PROFIT AT 4236.00 AND STOP LOSS AT 4194.00
WTI CRUDE OIL

TRADE SUGGESTION- BUY AT 69.27 TAKE PROFIT AT 69.83 AND STOP LOSS AT 68.60
GOLD

TRADE SUGGESTION- BUY AT 1815.83, TAKE PROFIT AT 1823.82 AND STOP AT 1806.56
ETHEREUM

TRADE SUGGESTION- BUY AT 3355.63 TAKE PROFIT AT 3444.90 AND STOP AT 3280.09

 

[CSFXNEWS]

TECHNICAL ANALYSIS REPORT TODAY – 01 SEPTEMBER 2021​

Asia Pacific stocks were mixed on Wednesday morning. The Shanghai composite is up 0.52% at 3,562.43. Overall, the Singapore MSCI up 0.85% at 355.15. Over in Hong Kong, the Hang Seng Index up 0.70% at 25,939. In Japan, the Nikkei 225 up 1.03% at 28,480, while the Topix index is up 0.92% at 1983.0. South Korea’s Kospi up 0.29% to 3208.64. Australia S&P/ASX 200 down 0.21% at 7518.8.
European equities Tuesday closing. The DAX futures contract in Germany traded down 0.33% at 15835.09, CAC 40 futures down 0.11% at 6680.19 and the UK 100 futures contract in the U.K. down 0.40% at 7,119.71.
In U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.11% at 35360.74. The S&P 500 down 0.13% at 4522.69 and the Nasdaq 100 up 0.17% at 15630.5, NYSE closes at 16806.43 down 0.08%.
In the Forex market, GBPUSD down 0.03% at 1.37506. The USDJPY up 0.21% at 110.216. The USDCHF up 0.36% at 0.91830. EURUSD down 0.08% at 1.1799, EUR/GBP up 0.05% at 0.85784. The USD/CNY flat at 6.4611, at the time of writing.
In the commodity market U.S. Gold futures up 0.15% at $1,816.34. Elsewhere, Silver futures down 0.06% to $23.854 per ounce, Platinum up 0.08% at $1013.53 per ounce, and Palladium up 0.25% at $2,478.79.
Crude Oil mix on Wednesday; Brent crude oil up 0.53% at $72.06 per barrel while U.S. West Texas Intermediate (CLc1) is down 0.85% at $68.89.
In the Cryptocurrency Markets, BTCUSD at 47253.54 up 0.21%, Ethereum at up 2.37% at 3514.05, Litecoin at 172.37 up 0.50%, at the time of writing.
TOP STOCKS TO WATCH OUT TODAY:
APA Corp. up 4.394% at $19.48, Discovery Inc. up 3.555% at $28.84, Willis Towers Watson PLC. up 2.318% to $220.72, CSX Corp. down 1.722% to $32.53, Biogen Inc. down 1.6% to $338.91, DocuSign Inc. down 2.437% at $296.24.
Economic news:
US: U.S. single-family home prices in 20 key urban markets rose in June from a year earlier at the fastest pace on record, a closely watched survey showed on Tuesday.
The S&P CoreLogic Case-Shiller composite index of 20 metropolitan areas gained 19.1% through the 12 months ended in June from an upwardly revised 17.1% in the 12 months through May, marking the largest annual price increase in the survey’s two decades. A Reuters poll of economists had forecast an increase of 18.5%.
On a month-to-month basis, the 20-city composite index rose 1.8% from May, in line with estimates from economists polled by Reuters.
Among the 20 cities, Phoenix, San Diego, and Seattle reported the largest year-over-year gains in June.
A separate report from the Federal Housing Finance Agency (FHFA) on Tuesday showed its house price index rose a record 18.8% in the 12 months through June. House prices surged 17.4% in the second quarter compared to the same period in 2020.
Eurozone: The euro zone economy is growing quicker than earlier predicted and the European Central Bank will factor this into its policy decisions, ECB Vice President Luis de Guindos told a Spanish newspaper.
As borrowing costs stay extra low and the euro zone has largely avoided the worst of the pandemic’s Delta variant, several policymakers have called for a reduction in emergency bond purchases as soon as next week, in preparation for their end next March.
“The economy is performing better in 2021 than we expected, and this will be reflected in the projections that will be published in the coming days,” El Confidential quoted de Guindos as saying on Wednesday.
“We will have new projections in the coming days and will take our decisions accordingly,” de Guindos said.
On Sept. 9, the ECB will have to decide on the pace of bond purchases for the coming quarter. While de Guindos did not offer a view on the pending move, he argued that the robust recovery paves the way for the eventual withdrawal of copious support.
Important Data: UK Manufacturing PMI (Aug) today at 4:30 this time estimated 60.1, previously which was 60.4. EURO ZONE Unemployment Rate (Jul) today at 5:00 this time estimated 7.6%, previously which was 7.7%. US ADP Nonfarm Employment Change (Aug) today at 8:15 this time estimated 613K, previously which was 330K. US Crude Oil Inventories today at 10:30 this time estimated -3.088M, previously which was -2.979M.
TECHNICAL SUMMARY
GBPUSD

TRADE SUGGESTION- SELL AT 1.37452, TAKE PROFIT AT 1.37189 AND STOP LOSS AT 1.37815
EURUSD

TRADE SUGGESTION- BUY AT 1.18046, TAKE PROFIT AT 1.18207 AND STOP LOSS AT 1.17917
USDJPY

TRADE SUGGESTION- BUY AT 110.199, TAKE PROFIT AT 110.396 AND STOP LOSS AT 110.089
USDCHF

TRADE SUGGESTION- BUY AT 0.91829, TAKE PROFIT AT 0.92027 AND STOP LOSS AT 0.91681
S&P 500

TRADE SUGGESTION- BUY AT 4540.09 TAKE PROFIT AT 4550.00 AND STOP LOSS AT 4532.36
WTI CRUDE OIL

TRADE SUGGESTION- BUY AT 69.08 TAKE PROFIT AT 69.55 AND STOP LOSS AT 68.54
GOLD

TRADE SUGGESTION- BUY AT 1812.16, TAKE PROFIT AT 1818.97 AND STOP AT 1806.03
LITECOIN USD

TRADE SUGGESTION- SELL AT 172.98 TAKE PROFIT AT 164.64 AND STOP AT 180.66

 

[CSFXNEWS]

TECHNICAL ANALYSIS REPORT TODAY – 02 SEPTEMBER 2021​

Asia Pacific stocks were mixed on Thursday morning. The Shanghai composite is up 0.67% at 3,591.09. Overall, the Singapore MSCI down 0.32% at 355.15. Over in Hong Kong, the Hang Seng Index down 0.04% at 25,919. In Japan, the Nikkei 225 up 0.04% at 28,500, while the Topix index is down 0.13% at 1981.5. South Korea’s Kospi down 0.97% to 3175.85. Australia S&P/ASX 200 down 0.54% at 7486.2.
European equities Wednesday closing. The DAX futures contract in Germany traded down 0.22% at 15767.00, CAC 40 futures up 1.18% at 6758.70 and the UK 100 futures contract in the U.K. up 0.42% at 7,149.85.
In U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.14% at 35312.54. The S&P 500 up 0.03% at 4524.10 and the Nasdaq 100 up 0.03% at 15618.8, NYSE closes at 16845.98 up 0.24%.
In the Forex market, GBPUSD up 0.10% at 1.37811. The USDJPY up 0.02% at 110.002. The USDCHF up 0.07% at 0.91520. EURUSD up 0.02% at 1.1841, EUR/GBP down 0.05% at 0.85925. The USD/CNY up 0.04% at 6.4614, at the time of writing.
In the commodity market U.S. Gold futures up 0.06% at $1,814.33. Elsewhere, Silver futures up 0.12% to $24.140 per ounce, Platinum down 0.15% at $999.98 per ounce, and Palladium down 0.57% at $2,440.00.
Crude Oil up on Thursday; Brent crude oil up 0.22% at $71.44 per barrel while U.S. West Texas Intermediate (CLc1) is up 0.12% at $68.97.
In the Cryptocurrency Markets, BTCUSD at 49732.75 up 1.80%, Ethereum at down 2.10% at 3751.20, Litecoin at 183.58 up 1.43%, at the time of writing.
TOP STOCKS TO WATCH OUT TODAY:
Moderna Inc. up 3.518% at $389.94, Equinix Inc. up 3.01% at $868.84, Dexcom Inc. up 2.928% to $544.92, Marathon Oil Corp. down 4.17% to $11.26, Western Digital Corp. down 3.418% to $61.04, KLA Corp. down 1.327% at $335.45.
Economic news:
US: The U.S. House of Representatives Armed Services Committee on Wednesday backed a proposal to increase spending for the Department of defence by about $25 billion, more than the $715 billion proposed by President Joe Biden’s administration.
The vote paved the way for $740 billion budget for the Pentagon next year, since the Senate Armed Services Committee had already backed that spending level in its version of the bill.
The vote in favour of the amendment to the annual National defence Authorization Act, or NDAA, was 42-17, as more than a dozen Democrats joined every committee Republican in favour of higher spending.
Eurozone: British house prices rebounded surprisingly strongly in August, chalking up their second-biggest monthly rise in 15 years after a fall the month before when a pandemic-era tax break began to be phased out.
Mortgage lender Nationwide Building Society said British house prices rose by 2.1% month on month in August after a 0.6% fall in July, well above economists’ forecasts in a Reuters poll for a modest 0.2% increase.
Property purchases slumped in July when a year-long exemption from stamp duty for the first 500,000 pounds ($687,550) of a house purchase ended in England and Northern Ireland.
“The bounce back in August is surprising because it seemed more likely that the tapering of stamp duty relief in England at the end of June would take some of the heat out of the market,” Nationwide chief economist Robert Gardner said.
But the pick-up in prices in August suggests the importance of other factors such as a shortage of houses and demand for more spacious accommodation suited to working from home, which have pushed up prices in Britain and in other countries.
Important Data: US Initial Jobless Claims today at 8:30 this time estimated 345K, previously which was 353K. US Trade Balance (Jul) today at 8:30 this time estimated -71.00B, previously which was -75.70B. CANADA Trade Balance (Jul) today at 8:30 this time estimated 1.40B, previously which was 3.23B. RUSSIA Central Bank reserves (USD) today at 9:00 previously which was 595.6B.
TECHNICAL SUMMARY
GBPUSD

TRADE SUGGESTION- BUY AT 1.3774, TAKE PROFIT AT 1.38016 AND STOP LOSS AT 1.37505
EURUSD

TRADE SUGGESTION- BUY AT 1.18392, TAKE PROFIT AT 1.18718 AND STOP LOSS AT 1.18203
EURGBP

TRADE SUGGESTION- BUY AT 0.85942, TAKE PROFIT AT 0.86069 AND STOP LOSS AT 0.85818
EURJPY

TRADE SUGGESTION- BUY AT 130.302, TAKE PROFIT AT 130.522 AND STOP LOSS AT 130.153
FTSE 100

TRADE SUGGESTION- BUY AT 7149.20 TAKE PROFIT AT 7170.50 AND STOP LOSS AT 7135.30
WTI CRUDE OIL

TRADE SUGGESTION- BUY AT 68.54 TAKE PROFIT AT 69.28 AND STOP LOSS AT 68.13
GOLD

TRADE SUGGESTION- BUY AT 1813.56, TAKE PROFIT AT 1819.31 AND STOP AT 1806.26
BTC USD

TRADE SUGGESTION- BUY AT 50081.16 TAKE PROFIT AT 50439.90 AND STOP AT 49773.00

 

[CSFXNEWS]

TECHNICAL ANALYSIS REPORT TODAY – 03 SEPTEMBER 2021​

Asia Pacific stocks were mostly up on Friday morning even as the latest Chinese economic data disappointed. The Shanghai composite is down 0.55% at 3,577.00. Overall, the Singapore MSCI down 0.25% at 354.95. Over in Hong Kong, the Hang Seng Index down 0.74% at 25,829. In Japan, the Nikkei 225 up 2.21% at 29,100, while the Topix index is up 1.64% at 2014.5. South Korea’s Kospi up 0.84% to 3202.59. Australia S&P/ASX 200 up 0.48% at 7521.7.
European equities Thursday closing. The DAX futures contract in Germany traded up 0.10% at 15840.59, CAC 40 futures up 0.06% at 6763.09 and the UK 100 futures contract in the U.K. up 0.20% at 7,163.91.
In U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.37% at 35443.83. The S&P 500 up 0.28% at 4536.94 and the Nasdaq 100 up 0.08% at 15613.7, NYSE closes at 16926.71 up 0.48%.
In the Forex market, GBPUSD flat at 1.38302. The USDJPY up 0.11% at 110.025. The USDCHF up 0.01% at 0.91436. EURUSD flat at 1.18748, EUR/GBP up 0.05% at 0.85828. The USD/CNY up 0.05% at 6.4590 at the time of writing.
In the commodity market U.S. Gold futures up 0.22% at $1,812.99. Elsewhere, Silver futures up 0.33% to $23.950 per ounce, Platinum up 0.36% at $1002.48 per ounce, and Palladium up 0.42% at $2,419.00.
Crude Oil up on Friday; Brent crude oil up 0.47% at $73.15 per barrel while U.S. West Texas Intermediate (CLc1) is up 1.51% at $70.01.
In the Cryptocurrency Markets, BTCUSD at 49494.20 up 0.45%, Ethereum up 0.22% at 3795.06, Litecoin at 185.80 up 1.24%, at the time of writing.
TOP STOCKS TO WATCH OUT TODAY:
Marathon Oil Corp. up 4.085% at $11.72, Autodesk Inc. up 5.201% at $287.47,
Gap Inc. up 2.911% to $25.68, Visa Inc. down 2.581% to $224.18, Mastercard Inc. down 2.372% to $341.28, Fiserv Inc. down 2.121% at $115.83.
Economic news:
US: The Biden administration has no plans to release billions in Afghan gold, investments and foreign currency reserves parked in the United States that it froze after the Taliban’s takeover, despite pressure from humanitarian groups and others who say the cost may be the collapse of Afghanistan’s economy.
Much of the Afghan central bank’s $10 billion in assets are parked overseas, where they are considered a key instrument for the West to pressure the Taliban to respect women’s rights and the rule of law.
Any unfreezing of these assets may be months away, financial experts said.
Officials from the U.S. State Department, U.S. Treasury, White House National Security Council and other agencies have been in regular discussions about Afghanistan’s finances since the Taliban took over in mid-August, ahead of what the United Nations and others see as a looming humanitarian crisis.
Any decision to release the funds would likely involve top U.S. officials from several departments but will ultimately be up to President Joe Biden, the experts said.
Eurozone: Employers in Britain are still hunting for more recruits than they were just before the pandemic, according to a survey which added to signs of a tight labour market following the COVID-19 lockdowns and Brexit.
The Recruitment & Employment Confederation said on Friday that 1.66 million job advertisements were active during the week to Aug. 29, higher than the 1.55 million averages in January and February 2020 and little changed from levels earlier in August.
New job ads posted during the week stood at 193,000, also above the January-February 2020 average of 171,000.
“Demand for workers remains very high across the economy and shows no signs of weakening,” REC Chief Executive Neil Carberry said. “With businesses in the particularly squeezed food, logistics and hospitality sectors starting to gear up for Christmas, the months ahead could be difficult – even with a large number of people coming off furlough in August and September,” he said.
Britain’s unemployment rate of 4.7% in the three months to June is higher than before the crisis when it stood at just under 4% but it has defied forecasts that it would hit 10% or higher during the pandemic crisis thanks in large part to the government’s wage subsidy scheme.
Important Data: UK Composite PMI (Aug) today at 4:30 this time estimated 55.3, previously which was 59.2. UK Services PMI (Aug) today at 4:30 this time estimated 55.5, previously which was 59.6. EURO ZONE Retail Sales (MoM) (Jul) today at 5:00 this time estimated 0.1%, previously which was 1.5%. US Nonfarm Payrolls (Aug) today at 8:30 this time estimated 750K, previously which was 943K.
TECHNICAL SUMMARY
GBPUSD

TRADE SUGGESTION- BUY AT 1.38242, TAKE PROFIT AT 1.38525 AND STOP LOSS AT 1.37948
EURUSD

TRADE SUGGESTION- BUY AT 1.18744, TAKE PROFIT AT 1.18966 AND STOP LOSS AT 1.18480
GBPJPY

TRADE SUGGESTION- BUY AT 152.023, TAKE PROFIT AT 152.390 AND STOP LOSS AT 151.783
USDMXN

TRADE SUGGESTION- SELL AT 19.9620, TAKE PROFIT AT 19.8976 AND STOP LOSS AT 20.00
EURO STOXX 50

TRADE SUGGESTION- BUY AT 4219 TAKE PROFIT AT 4247 AND STOP LOSS AT 4210
WTI CRUDE OIL

TRADE SUGGESTION- BUY AT 69.84 TAKE PROFIT AT 70.52 AND STOP LOSS AT 69.18
GOLD

TRADE SUGGESTION- BUY AT 1812.71, TAKE PROFIT AT 1818.86 AND STOP AT 1806.05
ETHEREUM

TRADE SUGGESTION- BUY AT 3806.47 TAKE PROFIT AT 3830.41 AND STOP AT 3795.61

 

[CSFXNEWS]

TECHNICAL ANALYSIS REPORT TODAY – 06 SEPTEMBER 2021​

Asia Pacific stocks were mostly up on Monday morning. The Shanghai Composite is up 1.07% at 3,619.96. Overall, the Singapore MSCI is up 0.82% at 358.30. Over in Hong Kong, the Hang Seng Index is up 0.87% at 26,070. In Japan, the Nikkei 225 is up 1.75% at 29,670, while the Topix index is up 1.09% at 2040.5. South Korea’s Kospi down 0.14% to 3197.02. Australia S&P/ASX 200 down 0.40% at 7493.1.
European equities Friday closing. The DAX futures contract in Germany traded down 0.37% at 15781.20, CAC 40 futures down 1.08% at 6690.00 and the UK 100 futures contract in the U.K. up 0.13% at 7,148.20.
In U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.21% at 35369.10. The S&P 500 down 0.03% at 4535.42 and the Nasdaq 100 up 0.18% at 15683.8, NYSE closes at 16909.72 down 0.10%.
In the Forex market, GBPUSD up 0.05% at 1.38530. The USDJPY up 0.09% at 109.783. The USDCHF up 0.10% at 0.91479. EURUSD down 0.07% at 1.18699, EUR/GBP up 0.09% at 0.85687. The USD/CNY flat at 6.4531 at the time of writing.
In the commodity market U.S. Gold futures up 0.08% at $1,827.32. Elsewhere, Silver futures up 0.45% to $24.78 per ounce, Platinum up 0.10% at $1026.43 per ounce, and Palladium up 0.58% at $2,435.00.
Crude Oil down on Monday; Brent crude oil down 1.22% at $71.54 per barrel while U.S. West Texas Intermediate (CLc1) is down 0.71% at $69.51.
In the Cryptocurrency Markets, BTCUSD at 51793.25 down 0.03%, Ethereum down 0.48% at 3932.60, Litecoin at 227.52 down 2.10%, at the time of writing.
TOP STOCKS TO WATCH OUT TODAY:
Moderna Inc. up 4.788% at $416.70, ETSY Inc. up 3.227% at $220.38, NVIDIA Corp. up 1.996% to $228.43, Carnival Corp. down 4.413% to $22.96, Nov Inc. down 2.778% to $12.95, Discovery Inc. down 2.267% at $27.16.
Economic news:
US: U.S. job growth slowed more than expected in August amid a softening in demand for services and persistent worker shortages as COVID-19 infections soared, but the pace was enough to sustain the economic expansion.
Nonfarm payrolls increased by 235,000 jobs last month after surging 1.053 million in July, the Labor Department said on Friday. The unemployment rate fell to 5.2% from 5.4%. Economists polled by Reuters had forecast nonfarm payrolls increasing by 728,000 jobs and the unemployment rate falling to 5.2%.
Eurozone: Top banks in Europe continue to use tax havens to book chunks of profits, a trend that has changed little since 2014 despite country-by-country disclosures becoming mandatory, the EU Tax Observatory said in a report on Monday.
The independent research body, co-financed by the European Union, said disclosures from 36 major European banks showed they booked a total of 20 billion euros ($23.77 billion) or about 14% of total profits, in tax havens, even though few were employed there.
Profits booked by banks in tax havens work out at around 238,000 per employee, compared with 65,000 euros in non-tax havens, the report said.
“This suggests that the profits booked in tax havens are primarily shifted out of other countries where service production occurs,” it added.
Taxes have become a sensitive issue, with cash-strapped governments plugging holes in the economy due to COVID seeking to agree on a common rate for taxing Big Tech, in particular.
Important Data: UK Construction PMI (Aug) today at 4:30 this time estimated 56.9, previously which was 58.7. JAPAN Household Spending (MoM) (Jul) today at 19:30 this time estimated 1.1%, previously which was -3.2%. AUSTRALIA Building Approvals (MoM) today at 21:30 this time estimated -8.6%, previously which was -8.6%. CHINA Imports (YoY) (Aug) today at 23:00 this time estimated 26.8%, previously which was 28.1%.
TECHNICAL SUMMARY
GBPUSD

TRADE SUGGESTION- BUY AT 1.38461, TAKE PROFIT AT 1.38903 AND STOP LOSS AT 1.38107
EURUSD

TRADE SUGGESTION- BUY AT 1.18702, TAKE PROFIT AT 1.18906 AND STOP LOSS AT 1.18471
USDJPY

TRADE SUGGESTION- SELL AT 109.78, TAKE PROFIT AT 109.66 AND STOP LOSS AT 109.91
USDCHF

TRADE SUGGESTION- SELL AT 0.91467, TAKE PROFIT AT 0.91317 AND STOP LOSS AT 0.91622
CAC 40

TRADE SUGGESTION- SELL AT 6707.3 TAKE PROFIT AT 6654.7 AND STOP LOSS AT 6743.5
WTI CRUDE OIL

TRADE SUGGESTION- SELL AT 68.33 TAKE PROFIT AT 67.70 AND STOP LOSS AT 69.24
GOLD

TRADE SUGGESTION- BUY AT 1826.58, TAKE PROFIT AT 1833.50 AND STOP AT 1819.39
BTCUSD

TRADE SUGGESTION- BUY AT 51826.04 TAKE PROFIT AT 52969.19 AND STOP AT 50961.32

 

[CSFXNEWS]

TECHNICAL ANALYSIS REPORT TODAY – 07 SEPTEMBER 2021​

Asia Pacific stocks were mostly down on Tuesday morning. The Shanghai composite is up 1.47% at 3,675.30. Overall, the Singapore MSCI down 0.54% at 358.45. Over in Hong Kong, the Hang Seng Index up 0.99% at 26,335. In Japan, the Nikkei 225 up 0.61% at 29,930, while the Topix index is up 0.95% at 2064.5. South Korea’s Kospi down 0.47% to 3188.25. Australia S&P/ASX 200 down 0.06% at 7524.2.
European equities Monday closing. The DAX futures contract in Germany traded up 0.96% at 15932.12, CAC 40 futures up 0.80% at 6743.51 and the UK 100 futures contract in the U.K. up 0.68% at 7,187.19.
In U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.21% at 35369.10. The S&P 500 down 0.03% at 4535.42 and the Nasdaq 100 up 0.18% at 15683.8, NYSE closes at 16909.72 down 0.10%.
In the Forex market, GBPUSD down 0.04% at 1.38243. The USDJPY up 0.08% at 109.897. The USDCHF up 0.08% at 0.91537. EURUSD down 0.01% at 1.18667, EUR/GBP up 0.12% at 0.85831. The USD/CNY down 0.10% at 6.4572 at the time of writing.
In the commodity market U.S. Gold futures down 0.37% at $1,816.26. Elsewhere, Silver futures down 0.60% to $24.527 per ounce, Platinum down 0.46% at $1018.00 per ounce, and Palladium down 0.22% at $2,405.83.
Crude Oil mix on Tuesday; Brent crude oil up 0.69% at $72.58 per barrel while U.S. West Texas Intermediate (CLc1) is down 0.71% at $69.51.
In the Cryptocurrency Markets, BTCUSD at 52540.00 down 0.32%, Ethereum down 0.40% at 3912.52, Litecoin at 219.14 down 0.20%, at the time of writing.
TOP STOCKS TO WATCH OUT TODAY:
Moderna Inc. up 4.788% at $416.70, ETSY Inc. up 3.227% at $220.38, NVIDIA Corp. up 1.996% to $228.43, Carnival Corp. down 4.413% to $22.96, Nov Inc. down 2.778% to $12.95, Discovery Inc. down 2.267% at $27.16.
Economic news:
US: U.S. job growth slowed more than expected in August amid a softening in demand for services and persistent worker shortages as COVID-19 infections soared, but the pace was enough to sustain the economic expansion.
Nonfarm payrolls increased by 235,000 jobs last month after surging 1.053 million in July, the Labor Department said on Friday. The unemployment rate fell to 5.2% from 5.4%. Economists polled by Reuters had forecast nonfarm payrolls increasing by 728,000 jobs and the unemployment rate falling to 5.2%.
Eurozone: German industrial output rose more than expected in July after three monthly drops, data showed on Tuesday, in a sign that factories are slowly overcoming supply bottlenecks which have been holding back a recovery in Europe’s biggest economy.
The Federal Statistics Office said industrial output, including construction and energy, increased by 1.0% on the month after a revised decline of -1.0% in June. A Reuters poll had pointed to a rise of 0.9%.
Output in manufacturing alone jumped by 1.3% as factories churned out more capital and consumer goods. Construction output rose 1.1% while production in the energy sector fell 3.2%.
“After the decline in industrial production in the second quarter, the third quarter got off to a friendly start,” the economy ministry said.
The mighty automobile industry increased its output by 1.9% and the machinery and engineering sector hiked production by 6.9%, the ministry said.
“Even if the supply bottlenecks with semiconductors, which have slowed down production, are likely to persist for a while, the output figures suggest that industry could have overcome its low point,” the ministry added.
Important Data: EURO ZONE GDP (QoQ) (Q2) today at 5:00 this time estimated 2.0%, previously which was 2.0%. JAPAN GDP (QoQ) (Q2) today at 19:50 this time estimated 0.4%, previously which was 0.3%. Germany ZEW Economic Sentiment (Sep) today at 5:00 this time estimated 30.0, previously which was 40.4. JAPAN Current Account n.s.a. (Jul) today at 19:50 this time estimated 2.3T, previously which was 0.905T.
TECHNICAL SUMMARY
GBPUSD

TRADE SUGGESTION- BUY AT 1.38253, TAKE PROFIT AT 1.38568 AND STOP LOSS AT 1.38103
EURUSD

TRADE SUGGESTION- BUY AT 1.18667, TAKE PROFIT AT 1.18886 AND STOP LOSS AT 1.18517
EURGBP

TRADE SUGGESTION- BUY AT 0.85785, TAKE PROFIT AT 0.85919 AND STOP LOSS AT 0.85718
EURJPY

TRADE SUGGESTION- BUY AT 130.448, TAKE PROFIT AT 130.558 AND STOP LOSS AT 130.395
DOW JONES

TRADE SUGGESTION- BUY AT 35374.0 TAKE PROFIT AT 35475.0 AND STOP LOSS AT 35258.0
WTI CRUDE OIL

TRADE SUGGESTION- SELL AT 68.95 TAKE PROFIT AT 68.33 AND STOP LOSS AT 69.52
GOLD

TRADE SUGGESTION- BUY AT 1819.75, TAKE PROFIT AT 1824.69 AND STOP AT 1814.05
ETHEREUM

TRADE SUGGESTION- BUY AT 3895.45 TAKE PROFIT AT 4020.00 AND STOP AT 3825.62