Daily Technical Analysis Report By Capital Street Fx

[CSFXNEWS]

TECHNICAL ANALYSIS WITH CANDLESTICK CHARTS – 30 SEPTEMBER 2021​

Asia Pacific stocks were mostly down on Wednesday morning. The Shanghai composite is down 1.34% at 3,553.98. Overall, the Singapore MSCI down 0.46% at 354.40. Over in Hong Kong, the Hang Seng Index up 0.40% at 24,580.00. In Japan, the Nikkei 225 down 1.34% at 29,520.00, while the Topix index is down 1.00% at 2035.0. South Korea’s Kospi down 1.28% to 3058.36. Australia S&P/ASX 200 down 1.29% at 7181.8.
European equities Tuesday closing. The DAX futures contract in Germany traded down 2.09% at 15248.56, CAC 40 futures down 2.17% at 6506.51 and the UK 100 futures contract in the U.K. down 0.50% at 7,028.09.
In U.S. on Wall Street, the Dow Jones Industrial Average closed down 1.63% at 34300.00. The S&P 500 down 2.04% at 4352.64 and the Nasdaq 100 up 0.44% at 14852.00, NYSE closes at 16328.78 down 1.63%.
In the Forex market, GBPUSD up 0.08% at 1.3544. The USDJPY down 0.02% at 111.465. The USDCHF up 0.01% at 0.9293. EURUSD down 0.02% at 1.16817, EUR/GBP down 0.03% at 0.86242. The USD/CNY up 0.07% at 6.4643 at the time of writing.
In the commodity market U.S. Gold futures up 0.25% at $1,738.61. Elsewhere, Silver futures down 0.41% to $22.332 per ounce, Platinum down 0.08% at $963.20 per ounce, and Palladium up 1.01% at $1897.50.
Crude Oil down on Wednesday; Brent crude oil down 0.60% at $77.69 per barrel while U.S. West Texas Intermediate (CLc1) is down 0.20% at $75.95.
In the Cryptocurrency Markets, BTCUSD at 42183.54 up 2.76%, Ethereum up 3.41% at 2903.66, Litecoin at 144.78 up 2.97%, at the time of writing.
TOP STOCKS TO WATCH OUT TODAY:
Electronic Arts. up 1.356% at $133.77, Hewlett Packard Enterprise Co. up 1.286% at $14.18, MSCI Inc. down 6.401% to $597.80, Moderna Inc. down 6.401% to $597.80, ETSY Inc. down 5.948% to $212.35, IHS Markit Ltd. down 5.047% at $116.47.
Economic news:
US: U.S. Treasury Secretary Janet Yellen said on Tuesday she is looking for G20 countries to reach political agreement on a global minimum corporate tax deal at their summit in October and has not ruled out a rate higher than 15%.
Yellen, speaking to the National Association for Business Economics, said the Senate Finance Committee is looking at a “slightly higher” overseas minimum corporate tax rate than the 16.5% passed by the House of Representatives Ways and Means Committee.
“We’ll see where it all shakes out, but my hope is that when reconciliation (legislation) passes, we will come into compliance with this regime, and we’re looking for political agreement to be achieved at the G20 summit at the end of October, and then countries will quickly put this into place,” Yellen said.
Some 134 countries agreed over the summer to support a global minimum tax of at least 15%, but low-tax Ireland has held off on endorsing the deal as it waits to see if the U.S. Congress accepts the Biden administration’s proposed tax increases on corporations and wealthy Americans.
Eurozone: The European Union and China must continue engaging on a number of issues despite differences, the bloc’s foreign policy chief Josep Borrell told his Chinese counterpart Wang Yi in a video call on Tuesday, according to an EU statement.
“The High Representative noted that while disagreements still persisted, the EU and China needed to continue engaging intensively in a number of important areas,” the EU said, adding Borrell underscored the inclusive and cooperative character of Europe’s Indo-Pacific strategy.
China’s foreign minister Wang said that both sides must continue the trend of increased engagement in an effort to boost political trust and manage their differences, according to a statement on the ministry website.
The EU is taking a softer stance on China, one of its most important trade partners, than the United States which has struck a new security deal (AUKUS) with Britain and Australia that is widely seen as designed to counter China’s growing assertiveness in the Pacific.
Important Data: US Crude Oil Inventories today at 10:30 this time estimated -1.652M, previously which was -3.481M. US Crude Oil Inventories today at 10:00 this time estimated 1.4%, previously which was -1.8%. JAPAN Industrial Production (MoM) (Aug) at 19:40 this time estimated -0.5%, previously which was -1.5%. AUSTRALIA Private Sector Credit (MoM) (Aug) today at 21:30 previously which was 0.7%.
TECHNICAL SUMMARY

GBPUSD

TRADE SUGGESTION- SELL AT 1.35489, TAKE PROFIT AT 1.35301 AND STOP LOSS AT 1.35583
EURUSD

TRADE SUGGESTION- SELL AT 1.16775, TAKE PROFIT AT 1.16604 AND STOP LOSS AT 1.16960
GBPJPY

TRADE SUGGESTION- SELL AT 150.938, TAKE PROFIT AT 150.522 AND STOP LOSS AT 151.351
CHFJPY

TRADE SUGGESTION- BUY AT 119.858, TAKE PROFIT AT 120.380 AND STOP LOSS AT 119.641
NASDAQ 100

TRADE SUGGESTION- SELL AT 14848.24 TAKE PROFIT AT 14772.51 AND STOP LOSS AT 14928.35
WTI CRUDE OIL

TRADE SUGGESTION- BUY AT 73.79 TAKE PROFIT AT 74.82 AND STOP LOSS AT 72.92
GOLD

TRADE SUGGESTION- SELL AT 1736.99, TAKE PROFIT AT 1730.90 AND STOP AT 1752.32
BTC USD

TRADE SUGGESTION- SELL AT 42439.00 TAKE PROFIT AT 40738.43 AND STOP AT 44046.17

 

[CSFXNEWS]

TECHNICAL ANALYSIS WITH CANDLESTICK CHARTS – 01 OCTOBER 2021​

Asian equities followed Wall Street sharply lower and bonds rallied on Friday. The Shanghai composite is up 0.90% at 3,568.16. Overall, the Singapore MSCI down 1.05% at 349.80. Over in Hong Kong, the Hang Seng Index up 0.17% at 24,565.00. In Japan, the Nikkei 225 down 2.21% at 28,810.00, while the Topix index is down 2.07% at 1988.5. South Korea’s Kospi down 1.59% to 3020.17. Australia S&P/ASX 200 down 2.04% at 7182.3.
European equities Thursday closing. The DAX futures contract in Germany traded down 0.68% at 15260.69, CAC 40 futures down 0.62% at 6520.02 and the UK 100 futures contract in the U.K. down 0.31% at 7,086.43.
In U.S. on Wall Street, the Dow Jones Industrial Average closed down 1.59% at 34843.93. The S&P 500 down 1.19% at 4307.53 and the Nasdaq 100 down 0.41% at 14648.30, NYSE closes at 16144.92 down 1.22%.
In the Forex market, GBPUSD down 0.10% at 1.3458. The USDJPY down 0.02% at 111.229. The USDCHF up 0.05% at 0.9320. EURUSD up 0.03% at 1.1579, EUR/GBP up 0.17% at 0.86031. The USD/CNY down 0.02% at 6.4452 at the time of writing.
In the commodity market U.S. Gold futures down 0.23% at $1,752.51. Elsewhere, Silver futures down 0.53% to $22.067 per ounce, Platinum flat at $962.15 per ounce, and Palladium down 0.44% at $1904.00.
Crude Oil up on Friday; Brent crude oil up 0.08% at $78.38 per barrel while U.S. West Texas Intermediate (CLc1) is up 0.28% at $75.72.
In the Cryptocurrency Markets, BTCUSD at 43945.79 up 0.25%, Ethereum up 0.69% at 3021.44, Litecoin at 155.08 up 1.36%, at the time of writing.
TOP STOCKS TO WATCH OUT TODAY:
Netflix Inc. up 1.883% at $610.34, Moderna Inc. up 1.573% at $384.86, ETSY Inc. up 1.296% to $207.96, Carmax Inc. down 12.626% to $127.96, Gap Inc. down 8.023% to $22.70, CSX Corp. down 2.042% at $29.74.
Economic news:
US: Treasury Secretary Janet Yellen on Thursday agreed that any default on U.S. debt would cause irreparable harm as well as an ensuing financial crisis and recession.
Yellen, asked by a member of the House Financial Services Committee if the damage done by failure to meet the federal government’s debt obligations would be “irreparable,” answered: “Yes.”
Her remarks were the latest in a series of dire warnings Yellen has issued as Congress remains deadlocked over the matter of lifting or suspending the debt limit amid wrangling over the legislative agenda of the Democratic majority and Biden administration.
Yellen has said the government will run out of cash around Oct. 18 unless Congress raises the limit on the federal debt, currently capped at $28.4 trillion. After that date, the Treasury would be “simply in an impossible situation,” Yellen said during an appearance before the committee on Thursday. “We won’t be able to pay all of the government’s bills.”
Eurozone: Australia’s Minister for Trade Dan Tehan said on Friday talks with the European Union over a trade deal have been postponed, as a row over Canberra’s decision to cancel a $40 billion deal with France escalates.
Australia last month cancelled a deal with France’s Naval Group to build a fleet of conventional submarines and will instead build at least eight nuclear-powered submarines with U.S. and British technology after striking a trilateral security partnership with those two countries.
The cancellation has angered France, which accused both Australia and the United States of stabbing it in the back. Paris recalled its ambassadors from both Canberra and Washington.
In solidarity with France, European Commission president Ursula von der Leyen has questioned whether the bloc could strike a trade deal with Australia.
Tehan on Friday declined to comment on the role the submarine deal had played in delaying negotiations but confirmed the 12th round of talks scheduled for Oct 12 had been postponed by a month.
Important Data: UK Manufacturing PMI (Sep) today at 4:30 this time estimated 56.3, previously which was 56.3. Germany Manufacturing PMI (Sep) today at 3:55 this time estimated 58.5, previously which was 58.5. CANADA GDP (MoM) (Jul) at 8:30 this time estimated -0.2%, previously which was 0.7%. US ISM Manufacturing PMI (Sep) today at 10:00 this time estimated 59.6, previously which was 59.90.
TECHNICAL SUMMARY
GBPUSD

TRADE SUGGESTION- SELL AT 1.34369, TAKE PROFIT AT 1.34102 AND STOP LOSS AT 1.34683
EURUSD

TRADE SUGGESTION- SELL AT 1.15816, TAKE PROFIT AT 1.15709 AND STOP LOSS AT 1.15940
USDJPY

TRADE SUGGESTION- BUY AT 111.226, TAKE PROFIT AT 111.435 AND STOP LOSS AT 111.125
USDCHF

TRADE SUGGESTION- BUY AT 0.93132, TAKE PROFIT AT 0.93314 AND STOP LOSS AT 0.92987
S&P 500

TRADE SUGGESTION- SELL AT 4277.74 TAKE PROFIT AT 4257.27 AND STOP LOSS AT 4305.63
WTI CRUDE OIL

TRADE SUGGESTION- BUY AT 74.47 TAKE PROFIT AT 75.41 AND STOP LOSS AT 73.78
GOLD

TRADE SUGGESTION- SELL AT 1752.17, TAKE PROFIT AT 1744.43 AND STOP AT 1760.06
LITECOIN USD

TRADE SUGGESTION- SELL AT 163.09 TAKE PROFIT AT 154.68 AND STOP AT 165.89

 

[CSFXNEWS]

TECHNICAL ANALYSIS WITH CANDLESTICK CHARTS – 04 OCTOBER 2021​

Asia Pacific stocks were mostly down on Monday morning. The Shanghai composite is up 0.90% at 3,568.16. Overall, the Singapore MSCI up 1.72% at 355.25. Over in Hong Kong, the Hang Seng Index down 2.35% at 23,994.00. In Japan, the Nikkei 225 down 1.35% at 28,430.00, while the Topix index is down 0.81% at 1971.0. South Korea’s Kospi down 1.62% to 3019.18. Australia S&P/ASX 200 up 1.29% at 7278.3.
European equities Friday closing. The DAX futures contract in Germany traded down 0.68% at 15156.44, CAC 40 futures down 0.04% at 6517.20 and the UK 100 futures contract in the U.K. down 0.36% at 7,031.50.
In U.S. on Wall Street, the Dow Jones Industrial Average closed up 1.43% at 34326.47. The S&P 500 up 1.15% at 4357.05 and the Nasdaq 100 down 0.64% at 14696.6, NYSE closes at 16323.74 up 1.11%.
In the Forex market, GBPUSD down 0.01% at 1.3541. The USDJPY down 0.04% at 111.011. The USDCHF down 0.02% at 0.9303. EURUSD up 0.04% at 1.1597, EUR/GBP up 0.10% at 0.8565. The USD/CNY flat at 6.4452 at the time of writing.
In the commodity market U.S. Gold futures up 0.04% at $1,761.38. Elsewhere, Silver futures up 0.52% to $22.619 per ounce, Platinum down 0.18% at $971.77 per ounce, and Palladium down 0.55% at $1909.00.
Crude Oil mix on Monday; Brent crude oil down 0.15% at $79.02 per barrel while U.S. West Texas Intermediate (CLc1) is up 0.94% at $76.43.
In the Cryptocurrency Markets, BTCUSD at 47671.17 down 1.17%, Ethereum down 1.84% at 3355.30, Litecoin at 166.07 down 2.64%, at the time of writing.
TOP STOCKS TO WATCH OUT TODAY:
Merck & Co Inc. up 8.374% at $81.40, Delta Air Lines Inc. up 6.501% at $45.38,
Mosaic Co. up 5.823% to $37.80, Moderna Inc. down 11.373% to $341.09, ETSY Inc. down 1.726% to $204.37, Walmart Inc. down 1.672% at $137.05.
Economic news:
US: Congressional Democrats face the hard work of paring back the White House’s sweeping infrastructure and social agenda in the week ahead, but have yet to agree on a target size for their multi-trillion-dollar spending bill.
Democrats said on Friday that their sweeping bill intended to bolster the social safety net and fight climate change will need to be trimmed from a $3.5 trillion goal, perhaps to closer to $2 trillion, following a visit by the president to Capitol Hill to sell his agenda.
But they have come no closer to agreement on that figure over the weekend.
Progressive (NYSEGR) Democratic Senator Bernie Sanders, chairman of the Senate Budget Committee, told ABC News Sunday that $3.5 trillion “should be a minimum. But I accept there is going to have to be give and take.”
Moderate Democrat Joe Manchin said his top line for the package is $1.5 trillion, while fellow moderate Krysten Sinema has not committed publicly to a number.
Eurozone: Britain will threaten on Monday to dispense with some of the terms of its agreement overseeing post-Brexit trade with Northern Ireland, saying they have become too damaging to retain.
In a speech to the governing Conservative Party conference in the northern English city of Manchester, Brexit minister David Frost will urge the EU to help find an agreed solution to the problems with the deal, according to a party statement.
“He will warn that ‘tinkering at the edges’ will not fix the fundamental problems with the Protocol,” the statement said.
The British government has been urging the bloc for months to renegotiate the terms of the so-called Northern Ireland protocol, which governs trade between Britain and its province, which borders EU member Ireland.
Important Data: US Factory Orders (MoM) (Aug) today at 10:00 this time estimated 1.0%, previously which was 0.4%. AUSTRALIA Retail Sales (MoM) today at 20:30 previously which was -1.7%. AUSTRALIA Trade Balance (Aug) at 20:30 this time estimated 10.65B, previously which was 12.11B. Eurogroup Meetings today at 6:00.
TECHNICAL SUMMARY
GBPUSD

TRADE SUGGESTION- SELL AT 1.35471, TAKE PROFIT AT 1.35129 AND STOP LOSS AT 1.35721
EURUSD

TRADE SUGGESTION- SELL AT 1.16028, TAKE PROFIT AT 1.15857 AND STOP LOSS AT 1.16113
EURGBP

TRADE SUGGESTION- SELL AT 0.85607, TAKE PROFIT AT 0.85474 AND STOP LOSS AT 0.85744
EURJPY

TRADE SUGGESTION- SELL AT 128.833, TAKE PROFIT AT 128.574 AND STOP LOSS AT 129.005
CAC 40

TRADE SUGGESTION- SELL AT 6481.8 TAKE PROFIT AT 6464.8 AND STOP LOSS AT 6513.70
WTI CRUDE OIL

TRADE SUGGESTION- BUY AT 75.40 TAKE PROFIT AT 76.10 AND STOP LOSS AT 74.94
GOLD

TRADE SUGGESTION- SELL AT 1754.70, TAKE PROFIT AT 1746.83 AND STOP AT 1763.35
ETHEREUM

TRADE SUGGESTION- BUY AT 3346.40 TAKE PROFIT AT 3451.38 AND STOP AT 3281.51

 

[CSFXNEWS]

TECHNICAL ANALYSIS WITH CANDLESTICK CHARTS – 06 OCTOBER 2021​

Asia Pacific stocks were down on Wednesday morning. The Shanghai composite is up 0.90% at 3,568.16. Overall, the Singapore MSCI up 0.33% at 353.60. Over in Hong Kong, the Hang Seng Index down 0.28% at 23,986.00. In Japan, the Nikkei 225 down 0.65% at 27,560.00, while the Topix index is up 0.13% at 1946.0. South Korea’s Kospi down 1.00% to 2932.91. Australia S&P/ASX 200 down 0.58% at 7206.5.
European equities Tuesday closing. The DAX futures contract in Germany traded up 1.05% at 15194.49, CAC 40 futures up 1.52% at 6576.29 and the UK 100 futures contract in the U.K. up 0.94% at 7,077.11.
In U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.92% at 34314.68. The S&P 500 up 1.05% at 4345.71 and the Nasdaq 100 down 0.63% at 14585.3, NYSE closes at 16327.08 up 0.79%.
In the Forex market, GBPUSD down 0.14% at 1.36049. The USDJPY up 0.28% at 111.757. The USDCHF up 0.22% at 0.9297. EURUSD down 0.12% at 1.1583, EUR/GBP up 0.07% at 0.8513. The USD/CNY flat at 6.4466 at the time of writing.
In the commodity market U.S. Gold futures down 0.47% at $1,751.13. Elsewhere, Silver futures down 1.01% to $22.38 per ounce, Platinum down 1.10% at $951.38 per ounce, and Palladium down 0.91% at $1900.00.
Crude Oil up on Wednesday; Brent crude oil up 0.34% at $82.82 per barrel while U.S. West Texas Intermediate (CLc1) is up 1.32% at $78.81.
In the Cryptocurrency Markets, BTCUSD at 51568.98 up 0.13%, Ethereum down 0.62% at 3494.31, Litecoin at 174.39 up 0.29%, at the time of writing.
TOP STOCKS TO WATCH OUT TODAY:
Netflix Inc. up 5.214% at $634.81, A O Smith Corp. up 4.071% at $63.66,
Marathon Oil Corp. up 3.709% to $15.38, NVIDIA Corp. up 3.644% to $204.51, Equinix Inc. down 3.251% to $760.07, Incyte Corp. down 1.493% at $65.33.
Economic news:
US: President Joe Biden warned on Tuesday that failure to pass his huge social and infrastructure spending package could contribute to America’s decline, while lawmakers in his Democratic Party wrangled over its price tag.
Squabbling Democratic moderates and progressives dealt Biden a setback last week when they failed to move ahead with his proposed $1 trillion infrastructure bill or a planned $3.5 trillion social spending bill, which is now facing cuts.
“These bills are not about left versus right or moderate versus progressive,” Biden said in Michigan, arguing the bills would make the United States more competitive and restore its role as a world leader.
“We’re at risk of losing our edge as a nation … To oppose these investments is to be complicit in America’s decline,” he said.
Democrats fear that if they fail to pass the infrastructure bill they could be punished by angry voters in November 2022 congressional elections. Rebuilding U.S. infrastructure was one of Biden’s main election promises.
Eurozone: The European Central Bank is closely watching inflation expectations and wage developments as predicting the length of disruptions caused the economy’s post-pandemic reopening is difficult, ECB President Christine Lagarde said.
“We should not overreact to supply shortages or rising energy prices, as our monetary policy cannot directly affect those phenomena,” Lagarde said in a speech.
“But we will pay close attention to wage developments and inflation expectations to ensure that inflation expectations are anchored at 2%,” she said.
Lagarde added that she still expected these “frictions” to be transitory, repeating the bank’s long-standing line that the inflation spike will abate next year.
Important Data: US Construction PMI (Sep) today at 4:30 this time estimated 54.0, previously which was 55.2. EURO ZONE Retail Sales (MoM) (Aug) today at 5:00 this time estimated 0.8%, previously which was -2.3%.US ADP Nonfarm Employment Change (Sep) today at 8:15 this time estimated 428K, previously which was 374K. US Crude Oil Inventories today at 6:00 this time estimated -0.418M, previously which was 4.578M.
TECHNICAL SUMMARY
GBPUSD

TRADE SUGGESTION- SELL AT 1.36010, TAKE PROFIT AT 1.35723 AND STOP LOSS AT 1.36283
EURUSD

TRADE SUGGESTION- SELL AT 1.15723, TAKE PROFIT AT 1.15585 AND STOP LOSS AT 1.15873
GBPJPY

TRADE SUGGESTION- BUY AT 151.958, TAKE PROFIT AT 152.386 AND STOP LOSS AT 151.757
CHFJPY

TRADE SUGGESTION- BUY AT 120.098, TAKE PROFIT AT 120.313 AND STOP LOSS AT 119.959
DAX 30

TRADE SUGGESTION- SELL AT 14997.5 TAKE PROFIT AT 14956.2 AND STOP LOSS AT 15031.6
WTI CRUDE OIL

TRADE SUGGESTION- BUY AT 79.13 TAKE PROFIT AT 79.37 AND STOP LOSS AT 79.06
GOLD

TRADE SUGGESTION- SELL AT 1751.52, TAKE PROFIT AT 1743.79 AND STOP AT 1760.29
BTCUSD

TRADE SUGGESTION- BUY AT 51362.00 TAKE PROFIT AT 51698.76 AND STOP AT 51159.02

 

[CSFXNEWS]

TECHNICAL ANALYSIS WITH CANDLESTICK CHARTS – 07 OCTOBER 2021​

Asia Pacific stocks were mostly up on Thursday morning. The Shanghai composite is up 0.90% at 3,568.16. Overall, the Singapore MSCI up 1.06% at 357.55. Over in Hong Kong, the Hang Seng Index up 2.25% at 24,489.00. In Japan, the Nikkei 225 up 1.17% at 27,730.00, while the Topix index is up 0.15% at 1941.5. South Korea’s Kospi up 1.62% to 2955.37. Australia S&P/ASX 200 up 0.11% at 7256.7.
European equities Wednesday closing. The DAX futures contract in Germany traded down 1.46% at 14973.33, CAC 40 futures down 1.26% at 6493.13 and the UK 100 futures contract in the U.K. down 1.15% at 6,995.86.
In U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.30% at 34417.00. The S&P 500 up 0.41% at 4363.56 and the Nasdaq 100 up 0.61% at 14870.8, NYSE closes at 16338.45 up 0.07%.
In the Forex market, GBPUSD down 0.01% at 1.35787. The USDJPY up 0.09% at 111.495. The USDCHF up 0.08% at 0.9280. EURUSD down 0.01% at 1.15519, EUR/GBP up 0.01% at 0.8505. The USD/CNY flat at 6.4466 at the time of writing.
In the commodity market U.S. Gold futures down 0.27% at $1,757.83. Elsewhere, Silver futures down 0.21% to $22.57 per ounce, Platinum down 0.92% at $979.55 per ounce, and Palladium up 0.82% at $1912.50.
Crude Oil mix on Thursday; Brent crude oil up 0.32% at $81.08 per barrel while U.S. West Texas Intermediate (CLc1) is down 1.21% at $77.86.
In the Cryptocurrency Markets, BTCUSD at 54848.8 down 0.90%, Ethereum down 0.79% at 3548.42, Litecoin at 180.53 up 1.23%, at the time of writing.
TOP STOCKS TO WATCH OUT TODAY:
CSX Corp. up 3.532% at $32.54, ETSY Inc. up 2.892% at $209.53, PepsiCo Inc. up 2.561% to $154.96, Carmax Inc. up 2.408% to $129.27, Moderna Inc. down 8.94% to $302.42, PVH Corp. down 3.736% at $104.36.
Economic news:
US: U.S. private payrolls increased more than expected in September as COVID-19 infections started subsiding, boosting hiring at restaurants and other high-contact businesses.
The ADP National Employment Report released on Wednesday supported expectations that job growth picked up last month, though it has a poor record predicting the private payrolls count in the Labour Department’s more comprehensive and closely watched employment report.
September’s employment report due on Friday will garner more attention after the Federal Reserve signalled last month that it would likely begin reducing its monthly bond purchases as soon as November. Fed Chair Jerome Powell believes the economy is one “decent” monthly employment report short of meeting the U.S. central bank’s threshold for tapering its bond buying program.
Eurozone: Euro zone retail sales were weaker than expected in August, data showed on Wednesday, as consumers reined in spending on food, drinks and tobacco.
Retail sales, a proxy for consumer demand, in the 19 countries sharing the euro rose 0.3% month-on-month in August and were unchanged from a year earlier, the European Union’s statistics office Eurostat said.
Economists polled by Reuters had expected a 0.8% monthly gain and a 0.4% year-on-year increase.
Eurostat said food, drinks and tobacco sales fell 1.7% month-on-month and by 1.9% year-on-year, holding back the overall index even though sales via mail order and internet shot up. Important Data: US Initial Jobless Claims today at 8:30 this time estimated 348K, previously which was 362K. CANADA Ivey PMI (Sep) today at 10:00 previously which was 66.0. JAPAN Household Spending (YoY) (Aug) today at 19:30 this time estimated -1.5%, previously which was 0.7%. CHINA Caixin Services PMI (Sep) today at 21:45 previously which was 46.7.
TECHNICAL SUMMARY
GBPUSD

TRADE SUGGESTION- SELL AT 1.35900, TAKE PROFIT AT 1.35674 AND STOP LOSS AT 1.36278
EURUSD

TRADE SUGGESTION- SELL AT 1.15620, TAKE PROFIT AT 1.15449 AND STOP LOSS AT 1.15760
USDJPY

TRADE SUGGESTION- BUY AT 111.368, TAKE PROFIT AT 111.622 AND STOP LOSS AT 111.167
USDCHF

TRADE SUGGESTION- SELL AT 0.9265, TAKE PROFIT AT 0.9242 AND STOP LOSS AT 0.9282
S&P 500

TRADE SUGGESTION- SELL AT 4375.74 TAKE PROFIT AT 4359.11 AND STOP LOSS AT 4392.55
WTI CRUDE OIL

TRADE SUGGESTION- BUY AT 76.56 TAKE PROFIT AT 77.44 AND STOP LOSS AT 76.10
GOLD

TRADE SUGGESTION- SELL AT 1762.89, TAKE PROFIT AT 1756.07 AND STOP AT 1775.00
LITECOIN USD

TRADE SUGGESTION- BUY AT 178.59 TAKE PROFIT AT 183.10 AND STOP AT 173.61

 

[CSFXNEWS]

TECHNICAL ANALYSIS WITH CANDLESTICK CHARTS – 08 OCTOBER 2021​

Asia Pacific stocks were mostly up on Friday morning. The Shanghai composite is up 0.90% at 3,568.16. Overall, the Singapore MSCI up 0.13% at 357.30. Over in Hong Kong, the Hang Seng Index down 0.12% at 24,587.00. In Japan, the Nikkei 225 up 1.22% at 28,160.00, while the Topix index is up 0.85% at 1966.0. South Korea’s Kospi down 0.12% to 2955.91. Australia S&P/ASX 200 up 0.75% at 7311.3.
European equities Thursday closing. The DAX futures contract in Germany traded up 1.85% at 15250.86, CAC 40 futures down 1.65% at 6600.20 and the UK 100 futures contract in the U.K. up 1.17% at 7,078.05.
In U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.98% at 34754.95. The S&P 500 up 0.83% at 4399.75 and the Nasdaq 100 down 0.22% at 14872.3, NYSE closes at 16511.80 up 1.06%.
In the Forex market, GBPUSD down 0.06% at 1.36053. The USDJPY up 0.26% at 111.896. The USDCHF up 0.20% at 0.9295. EURUSD up 0.01% at 1.15514, EUR/GBP up 0.11% at 0.8489. The USD/CNY up 0.05% at 6.4497 at the time of writing.
In the commodity market U.S. Gold futures down 0.27% at $1,757.83. Elsewhere, Silver futures down 0.21% to $22.57 per ounce, Platinum down 0.92% at $979.55 per ounce, and Palladium up 0.82% at $1912.50.
Crude Oil up on Friday; Brent crude oil up 0.64% at $82.97 per barrel while U.S. West Texas Intermediate (CLc1) is up 0.80% at $78.48.
In the Cryptocurrency Markets, BTCUSD at 53766.32 down 0.04%, Ethereum down 0.78% at 3560.05, Litecoin at 175.54 down 1.24%, at the time of writing.
TOP STOCKS TO WATCH OUT TODAY:
Ford Motor Co. up 5.453% at $14.89, General Motors Co. up 4.654% at $56.44,
Twitter Inc. up 4.373% to $63.97, Kellogg Co. down 2.003% to $63.11, Carnival Corp. down 1.647% to $24.49, CSX Corp. down 1.106% at $32.18.
Economic news:
US: U.S. job growth likely accelerated in September as the summer wave of COVID-19 infections began to subside, fueling demand for high-contact services like dining out, and positioning the Federal Reserve to start scaling back its monthly bond buying.
The Labor Department’s closely watched employment report on Friday would also suggest that an apparent sharp slowdown in economic activity in the third quarter was probably temporary. Still, the labor market and broader economy remain constrained by worker and raw material shortages, wrought by the pandemic.
“With COVID clearly on a downward path again, I think the jobs report should be pretty good,” said James Knightley, chief international economist at ING in New York. “But there are still clearly strains in the job market, in that the labor supply story remains very constrained.”
According to a Reuters survey of economists, nonfarm payrolls likely surged by 500,000 jobs last month, which would leave the level of employment about 4.8 million jobs below its peak in February 2020.
Eurozone: British employers increased pay for new staff by the most since at least the 1990s, according to a survey that will be studied by the Bank of England as it tries to assess how persistent the recent jump in inflation might be.
The Recruitment and Employment Confederation said firms were still seeking to hire in September but staff availability fell sharply again, pushing up starting salaries for permanent and temporary workers by the most in the survey’s 24-year history.
REC Chief Executive Neil Carberry said competition for staff was widespread, from food processing and logistics – including the acute shortage of truck drivers which led to Britain’s recent fuel supply crisis – to office-based jobs.
“We have all seen how labour shortages have affected our everyday lives over the past few weeks, whether that’s an empty petrol station or fewer goods on supermarket shelves,” he said.
Carberry urged the government to do more to encourage business investment, relax post-Brexit immigration rules, avoid barriers to international trade and improve skills training. Important Data: US Average Hourly Earnings (YoY) (YoY) (Sep) today at 8:30 this time estimated 4.6%, previously which was 4.3%. US Nonfarm Payrolls (Sep) today at 8:30 this time estimated 500K, previously which was 235K. US Unemployment Rate (Sep) today at 8:30 this time estimated 5.1%, previously which was 5.2%. CANADA Employment Change (Sep) today at 8:30 this time estimated 65.0K, previously which was 90.2K.
TECHNICAL SUMMARY
GBPUSD

TRADE SUGGESTION- SELL AT 1.35990, TAKE PROFIT AT 1.35716 AND STOP LOSS AT 1.36349
EURUSD

TRADE SUGGESTION- SELL AT 1.15407, TAKE PROFIT AT 1.15357 AND STOP LOSS AT 1.15483
EURJPY

TRADE SUGGESTION- BUY AT 129.196, TAKE PROFIT AT 129.352 AND STOP LOSS AT 129.036
EURGBP

TRADE SUGGESTION- SELL AT 0.8484, TAKE PROFIT AT 0.8467 AND STOP LOSS AT 0.8501
FTSE 100

TRADE SUGGESTION- BUY AT 7083.00 TAKE PROFIT AT 7098.60 AND STOP LOSS AT 7068.20
WTI CRUDE OIL

TRADE SUGGESTION- BUY AT 79.40 TAKE PROFIT AT 79.53 AND STOP LOSS AT 79.36
GOLD

TRADE SUGGESTION- BUY AT 1759.12, TAKE PROFIT AT 1766.81 AND STOP AT 1750.99
BTC USD

TRADE SUGGESTION- BUY AT 54160.00 TAKE PROFIT AT 54658.45 AND STOP AT 53645.60

 

[CSFXNEWS]

TECHNICAL ANALYSIS WITH CANDLESTICK CHARTS – 12 OCTOBER 2021​

Asia Pacific stocks were down on Tuesday morning. The Shanghai composite is down 1.86% at 3,524.84. Overall, the Singapore MSCI down 1.15% at 353.40. Over in Hong Kong, the Hang Seng Index down 1.30% at 28,130.00. In Japan, the Nikkei 225 down 1.30% at 28,130.00, while the Topix index is down 0.95% at 1976.0. South Korea’s Kospi down 1.35% to 2916.38. Australia S&P/ASX 200 down 0.26% at 7280.7.
European equities Monday closing. The DAX futures contract in Germany traded down 0.05% at 15199.14, CAC 40 futures up 0.16% at 6570.55 and the UK 100 futures contract in the U.K. up 0.72% at 7,146.85.
In U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.72% at 34496.07. The S&P 500 down 0.69% at 4361.20 and the Nasdaq 100 down 0.43% at 14636.2, NYSE closes at 16430.06 down 0.53%.
In the Forex market, GBPUSD up 0.09% at 1.36048. The USDJPY down 0.16% at 113.117. The USDCHF down 0.10% at 0.9267. EURUSD up 0.16% at 1.15678, EUR/GBP up 0.11% at 0.8502. The USD/CNY up 0.02% at 6.4519 at the time of writing.
In the commodity market U.S. Gold futures up 0.42% at $1,760.89. Elsewhere, Silver futures up 0.31% to $22.61 per ounce, Platinum up 0.91% at $1015.47 per ounce, and Palladium up 0.17% at $2114.50.
Crude Oil up on Tuesday; Brent crude oil up 0.10% at $83.74 per barrel while U.S. West Texas Intermediate (CLc1) is up 0.70% at $79.52.
In the Cryptocurrency Markets, BTCUSD at 57396.74 down 0.15%, Ethereum down 1.39% at 3494.66, Litecoin at 173.70 down 3.06%, at the time of writing.
TOP STOCKS TO WATCH OUT TODAY:
Mosaic Co. up 3.762% at $41.92, Gap Inc. down 4.828% at $22.08, ETSY Inc. down 4.566% to $202.34, Comcast Corp. down 4.534% to $52.22, Seagen Inc. up 0.179% to $162.15, Fiserv Inc. down 3.819% at $103.77.
Economic news:
US: Two dozen countries have joined a U.S.- and EU-led effort to slash methane emissions 30% by 2030 from 2020 levels, giving the emerging global partnership momentum ahead of its launch at the U.N. climate summit in Glasgow later this month.
Nigeria, Japan and Pakistan are among the 24 new signatories to the Global Methane Pledge, which was first announced by the United States and EU in September with the aim of galvanizing rapid climate action before the start of the Scotland summit on Oct. 31.
The pledge will now cover 60% of global GDP and 30% of global methane emissions. If fulfilled, it would have a significant impact on the energy, agriculture and waste sectors responsible for the bulk of methane emissions.
The new signatories include Canada, the Central African Republic, Congo-Brazzaville, Costa Rica, Cote d’Ivoire, the Democratic Republic of the Congo, Micronesia, France, Germany, Guatemala, Guinea, Israel, Japan, Jordan, Kyrgyzstan, Liberia, Malta, Morocco, Nigeria, Pakistan, the Philippines, Rwanda, Sweden and Togo, the U.S. State Department and EU confirmed on Monday.
Eurozone: British employers added 207,000 staff in September, taking their payrolls to a record high shortly before the end of the government’s wage subsidies programme, figures showed on Tuesday.
Separate official data showed the unemployment rate was 4.5% in the three months to August.
Economists polled by Reuters had expected the unemployment rate to fall to 4.5% from 4.6% in the three months to July.
Finance minister Rishi Sunak said the government was committed to helping people find work after the expiry of the furlough scheme which is believed to have covered around 1 million people when it ended on Sept. 30.
Average weekly earnings were 7.2% higher than in the same three months of 2020, slowing from the previous reading of 8.3%
Important Data: US JOLTs Job Openings (Aug) today at 10:00 this time estimated 10.925M, previously which was 10.934M. CHINA Exports (YoY) (Sep) today at 23:00 this time estimated 21%, previously which was 25.6%. CHINA Imports (YoY) (Sep) today at 23:00 this time estimated 20%, previously which was 33.1%. AUSTRALIA HIA New Home Sales (MoM) today at 21:00 previously which was
5.8%.
TECHNICAL SUMMARY
GBPUSD

TRADE SUGGESTION- SELL AT 1.35860, TAKE PROFIT AT 1.35658 AND STOP LOSS AT 1.36108
EURUSD

TRADE SUGGESTION- SELL AT 1.15541, TAKE PROFIT AT 1.15427 AND STOP LOSS AT 1.15679
USDJPY

TRADE SUGGESTION- BUY AT 113.206, TAKE PROFIT AT 113.374 AND STOP LOSS AT 113.026
USDCHF

TRADE SUGGESTION- SELL AT 0.92679, TAKE PROFIT AT 0.92394 AND STOP LOSS AT 0.93012
DAX 30

TRADE SUGGESTION- SELL AT 15091.00 TAKE PROFIT AT 15009.30 AND STOP LOSS AT 15198.40
WTI CRUDE OIL

TRADE SUGGESTION- BUY AT 80.32 TAKE PROFIT AT 80.90 AND STOP LOSS AT 79.81
GOLD

TRADE SUGGESTION- BUY AT 1759.29, TAKE PROFIT AT 1766.89 AND STOP AT 1750.79
LITECOIN USD

TRADE SUGGESTION- SELL AT 173.95 TAKE PROFIT AT 170.87 AND STOP AT 176.90

 

[CSFXNEWS]

TECHNICAL ANALYSIS WITH CANDLESTICK CHARTS – 14 OCTOBER 2021​

Asian stock markets rose, the dollar eased and longer-dated bonds rallied on Thursday. The Shanghai composite is up 0.07% at 3,564.82. Overall, the Singapore MSCI up 1.02% at 366.40. Over in Hong Kong, the Hang Seng Index flat at 24,968.00. In Japan, the Nikkei 225 up 1.39% at 28,530.00, while the Topix index is up 0.71% at 1986.0. South Korea’s Kospi up 1.50% to 2988.64. Australia S&P/ASX 200 up 0.54% at 7311.7.
European equities Wednesday closing. The DAX futures contract in Germany traded up 0.68% at 15249.38, CAC 40 futures up 0.75% at 6597.39 and the UK 100 futures contract in the U.K. up 0.37% at 7,196.2.
In U.S. on Wall Street, the Dow Jones Industrial Average closed flat at 34377.82. The S&P 500 up 0.30% at 4363.79 and the Nasdaq 100 up 0.63% at 14875.6, NYSE closes at 16513.15 up 0.43%.
In the Forex market, GBPUSD up 0.19% at 1.36821. The USDJPY up 0.25% at 113.531. The USDCHF down 0.25% at 0.9215. EURUSD up 0.05% at 1.15968, EUR/GBP down 0.10% at 0.8475. The USD/CNY up 0.15% at 6.4375 at the time of writing.
In the commodity market U.S. Gold futures up 0.02% at $1,792.89. Elsewhere, Silver futures up 0.31% to $23.146 per ounce, Platinum up 0.51% at $1025.71 per ounce, and Palladium up 0.99% at $2133.00.
Crude Oil mix on Thursday; Brent crude oil up 0.64% at $83.87 per barrel while U.S. West Texas Intermediate (CLc1) is down 0.13% at $79.42.
In the Cryptocurrency Markets, BTCUSD at 57835.74 up 0.75%, Ethereum up 0.66% at 3633.09, Litecoin at 180.18 up 1.43%, at the time of writing.
TOP STOCKS TO WATCH OUT TODAY:
BlackRock Inc. up 3.781% at $867.81, Discovery Inc. up 3.743% at $25.50, Discovery Inc. up 3.62% to $24.62, United Airlines Holdings Inc. down 3.604% to $47.88, American Express Co. down 3.539% to $168.72, Carnival Corp. down 2.795% at $23.65.
Economic news:
US: Federal Reserve Governor Lael Brainard said Wednesday that U.S. financial regulators will seek to improve Native American communities’ access to credit.
“We will continue to focus on and seek feedback on how to best encourage impactful CRA (Community Reinvestment Act) activities in Indian Country, including for building climate resilience where needed,” Brainard said in prepared remarks.
Brainard was to speak to Oklahoma tribal leaders at a “Fed Listens” event, a series of gatherings meant to create opportunities for communities to tell Fed policymakers about how they experience the economy.
Brainard said the pandemic had worsened longstanding economic disparities between white and Native American families, with native households and businesses facing big challenges in obtaining credit among other difficulties.
Eurozone: British house price growth slowed slightly last month as a tax break on property purchases neared expiry, but a fall in the number of homes being put up for sale looks set to keep pushing up prices, an industry survey showed on Thursday.
The Royal Institution of Chartered Surveyors said its house price balance fell to +68 in September from a downwardly revised +72 in August, matching economists’ forecasts in a Reuters poll.
Britain’s housing market, like those in many other big economies, has boomed over the past year as the COVID-19 pandemic led to increased demand for properties with more space.
British house prices got an extra boost from a tax break on property purchases which expired at the start of this month.
Mortgage lender Halifax reported last week that prices in September were 7.4% up on the year, including a hefty 1.7% monthly jump, the largest since 2007.
RICS said its members thought prices rises would slow over the next few months. But there was an unusually broad consensus that prices and rents would rise further over the year to come, as fewer homes and rental properties come on to the market.
Important Data: US PPI (MoM) (Sep) today at 8:30 this time estimated 0.6%, previously which was 0.7%. CANADA Manufacturing Sales (MoM) (Aug) today at 8:30 this time estimated 0.5%, previously which was -1.5%. US Crude Oil Inventories today at 11:00 this time estimated 0.702M, previously which was 2.346M. US Cushing Crude Oil Inventories today at 11:00 previously which was 1.548M.
TECHNICAL SUMMARY
GBPUSD

TRADE SUGGESTION- BUY AT 1.36815, TAKE PROFIT AT 1.37197 AND STOP LOSS AT 1.36518
EURUSD

TRADE SUGGESTION- SELL AT 1.16016, TAKE PROFIT AT 1.15820 AND STOP LOSS AT 1.16111
GBPJPY

TRADE SUGGESTION- BUY AT 155.347, TAKE PROFIT AT 155.364 AND STOP LOSS AT 155.308
CHFJPY

TRADE SUGGESTION- BUY AT 123.102, TAKE PROFIT AT 123.180 AND STOP LOSS AT 123.070
S&P 500

TRADE SUGGESTION- BUY AT 4376.74 TAKE PROFIT AT 4390.20 AND STOP LOSS AT 4363.22
WTI CRUDE OIL

TRADE SUGGESTION- BUY AT 81.08 TAKE PROFIT AT 81.56 AND STOP LOSS AT 80.71
GOLD

TRADE SUGGESTION- BUY AT 1791.91, TAKE PROFIT AT 1798.66 AND STOP AT 1786.41
ETHEREUM

TRADE SUGGESTION- BUY AT 3623.35 TAKE PROFIT AT 3666.60 AND STOP AT 3559.68

 

[CSFXNEWS]

TECHNICAL ANALYSIS WITH CANDLESTICK CHARTS – 15 OCTOBER 2021​

Asia Pacific stocks were mostly up on Friday morning. The Shanghai Composite is up 0.29% at 3,568.66. Overall, the Singapore MSCI is up 0.14% at 367.40. Over in Hong Kong, the Hang Seng Index 0.65% at 25,130.00. In Japan, the Nikkei 225 is up 1.33% at 28,950.00, while the Topix index is up 1.38% at 2016.0. South Korea’s Kospi is up 0.92% to 3016.21. Australia S&P/ASX 200 up 0.76% at 7367.5.
European equities Thursday closing. The DAX futures contract in Germany traded up 1.40% at 15462.72, CAC 40 futures up 1.33% at 6685.22 and the UK 100 futures contract in the U.K. up 0.23% at 7,239.0.
In the U.S. on Wall Street, the Dow Jones Industrial Average closed up 1.56% at 34912.57. The S&P 500 up 1.71% at 4438.25 and the Nasdaq 100 up 0.20% at 15111.2, NYSE closes at 16744.28 up 1.40%.
In the Forex market, GBPUSD up 0.11% at 1.36854. The USDJPY up 0.26% at 113.976. The USDCHF up 0.01% at 0.9229. EURUSD up 0.10% at 1.16077, EUR/GBP up 0.05% at 0.8481. The USD/CNY down 0.07% at 6.4353 at the time of writing.
In the commodity market U.S. Gold futures down 0.09% at $1,793.91. Elsewhere, Silver futures down 0.14% to $23.459 per ounce, Platinum up 0.31% at $1056.73 per ounce, and Palladium up 0.16% at $2134.50.
Crude Oil up on Friday; Brent crude oil up 0.61% at $84.60 per barrel while U.S. West Texas Intermediate (CLc1) is up 0.38% at $79.72.
In the Cryptocurrency Markets, BTCUSD at 59689.74 up 4.06%, Ethereum up 0.84% at 3622.31, Litecoin at 184.77 up 2.21%, at the time of writing.
TOP STOCKS TO WATCH OUT FOR TODAY:
APA Corp (US) up 6.542% at $26.22, Bank of America Corp. up 4.474% at $45.07,
Western Digital Corp. up 4.317% to $56.55, Boeing Co. down 1.957% to $217.44,
Wells Fargo & Co. down 1.607% to $45.31, Discovery Inc. down 1.381% at $24.28.
Economic news:
US: U.S. President Joe Biden on Thursday signed legislation temporarily raising the government’s borrowing limit to $28.9 trillion, pushing off the deadline for debt default only until December.
Without the increase in the debt ceiling, the U.S. Treasury had estimated it would run out of money to pay the nation’s bills on Oct. 18.
The $480 billion increase in the borrowing limit signed by Biden is expected to be exhausted by Dec. 3.
Following weeks of partisan fighting, the Senate approved the short-term fix last week and the House of Representatives passed it on Tuesday.
Senate Republican leader Mitch McConnell wrote in a letter to Biden after the Senate vote that he would not help Democrats again in raising the debt limit.
McConnell wants Democrats to use a procedural move known as reconciliation, which would not require Republican votes, to raise the borrowing authority. Democrats have rejected that as an option for lifting the cap.
Eurozone: Britain’s plan for a “green industrial revolution” has already attracted billions of pounds of investment, the government said on Thursday ahead of an investment summit in London which will bring together some of the world’s most powerful financiers.
Government data showed that investment worth 5.85 billion pounds ($8.01 billion) had been delivered or committed since November 2020, when Prime Minister Boris Johnson launched a 10-point plan to prioritize green technology and climate goals in Britain’s economic recovery from the COVID-19 pandemic.
The plan targets 42 billion pounds of private investment by 2030 in energy, buildings, transport, innovation, and the natural environment, alongside the creation of 250,000 “green jobs”.
Britain is keen to promote its green credentials before hosting the COP26 U.N. climate conference in Glasgow next month, where it will try to broker a complex international deal to stall rising global temperatures.
The government also wants to attract funding that will help it gain an edge in the developed world’s race to capitalize on the demand for better green technology and the highly skilled, highly-paid jobs that should come with it.
Important Data: US Core Retail Sales (MoM) (Sep) today at 8:30 this time estimated 0.5%, previously which was 1.8%. CANADA Wholesale Sales (MoM) (Aug) today at 8:30 this time estimated 0.5%, previously which was -2.1%. Italian CPI (MoM) (Sep) today at 4:00 this time estimated -0.1%, previously which was 0.4%. EUROZONE Trade Balance (Aug) today at 5:00 this time estimated 16.1B, previously which was 20.7B.
TECHNICAL SUMMARY
GBPUSD

TRADE SUGGESTION- BUY AT 1.36724, TAKE PROFIT AT 1.36906 AND STOP LOSS AT 1.36540
EURUSD

TRADE SUGGESTION- SELL AT 1.16010, TAKE PROFIT AT 1.15840 AND STOP LOSS AT 1.16114
USDJPY

TRADE SUGGESTION- BUY AT 114.077, TAKE PROFIT AT 114.148 AND STOP LOSS AT 113.934
USDCHF

TRADE SUGGESTION- SELL AT 0.92258, TAKE PROFIT AT 0.92072 AND STOP LOSS AT 0.92485
NASDAQ 100

TRADE SUGGESTION- BUY AT 15077.49 TAKE PROFIT AT 15169.83 AND STOP LOSS AT 14995.95
WTI CRUDE OIL

TRADE SUGGESTION- BUY AT 82.07 TAKE PROFIT AT 85.00 AND STOP LOSS AT 81.84
GOLD

TRADE SUGGESTION- BUY AT 1790.29, TAKE PROFIT AT 1798.65 AND STOP AT 1783.34
BTCUSD

TRADE SUGGESTION- BUY AT 59401.07 TAKE PROFIT AT 59588.29 AND STOP AT 59325.61

 

[CSFXNEWS]

TECHNICAL ANALYSIS WITH CANDLESTICK CHARTS – 18 OCTOBER 2021​

Asia Pacific stocks were mostly down on Monday morning. The Shanghai composite is down 0.35% at 3,559.95. Overall, the Singapore MSCI up 0.05% at 367.20. Over in Hong Kong, the Hang Seng Index down 0.45% at 25,203.00. In Japan, the Nikkei 225 down 0.45% at 28,990.00, while the Topix index is down 0.57% at 2016.5. South Korea’s Kospi down 0.24% to 3007.76. Australia S&P/ASX 200 up 0.07% at 7366.9.
European equities Friday closing. The DAX futures contract in Germany traded up 0.81% at 15587.36, CAC 40 futures up 0.63% at 6727.53 and the UK 100 futures contract in the U.K. down 0.20% at 7,229.1.
In U.S. on Wall Street, the Dow Jones Industrial Average closed up 1.09% at 35294.77. The S&P 500 up 0.75% at 4471.38 and the Nasdaq 100 down 0.35% at 15106.2, NYSE closes at 16871.74 up 0.76%.
In the Forex market, GBPUSD down 0.10% at 1.3731. The USDJPY up 0.14% at 114.359. The USDCHF up 0.22% at 0.9250. EURUSD down 0.14% at 1.15789, EUR/GBP up 0.06% at 0.84328. The USD/CNY up 0.05% at 6.4369 at the time of writing.
In the commodity market U.S. Gold futures down up 0.11% at $1,768.17. Elsewhere, Silver futures up 0.20% to $23.308 per ounce, Platinum down 0.25% at $1052.41 per ounce, and Palladium down 0.30% at $2067.88.
Crude Oil up on Monday; Brent crude oil up 1.00% at $85.74 per barrel while U.S. West Texas Intermediate (CLc1) is up 0.39% at $80.03.
In the Cryptocurrency Markets, BTCUSD at 62418.87 up 1.45%, Ethereum up 0.48% at 3863.31, Litecoin at 186.93 up 1.81%, at the time of writing.
TOP STOCKS TO WATCH OUT TODAY:
Wells Fargo & Co up 6.776% at $48.38, Goldman Sachs Group Inc. up 3.801% at $406.07, Mastercard Inc. up 3.314% to $356.00, Gap Inc. down 2.639% to $22.14,
Biogen Inc. down 1.427% to $281.19, Facebook down 1.148% at $324.76.
Economic news:
US: U.S. Democratic Senator Joe Manchin from West Virginia slammed fellow lawmaker Bernie Sanders late Friday over his attempts to garner support for President Joe Biden’s multi-trillion-dollar spending package in the latest example of infighting among key lawmakers over the plan.
Manchin tweeted out his concern over the scope of the legislation in response to an editorial from Sanders, an independent senator from Vermont, advocating for it.
On Friday, West Virginia paper the Charleston Gazette-Mail published an editorial from Sanders urging support for the Democratic plan to address wealth inequity, soaring pharmaceutical costs, an increasingly expensive healthcare system and costly childcare.
Eurozone: Bank of England Governor Andrew Bailey sent a fresh signal on Sunday that the British central bank is gearing up to raise interest rates for the first time since the onset of the coronavirus crisis as inflation risks mount.
Bailey said he continued to believe that the recent jump in inflation would be temporary, but that a surge in energy prices would push it higher and make its climb last longer, raising the risk of higher inflation expectations.
“Monetary policy cannot solve supply-side problems – but it will have to act and must do so if we see a risk, particularly to medium-term inflation and to medium-term inflation expectations,” Bailey said during an online panel discussion organised by the Group of 30 consultative group.
“And that’s why we at the Bank of England have signalled, and this is another such signal, that we will have to act,” he said. “But of course, that action comes in our monetary policy meetings.”
Important Data: US Industrial Production (YoY) (Sep) today at 9:15 previously which was 5.95%. CANADA Foreign Securities Purchases (Aug) today at 8:30, previously which was 14.19B. US Federal Budget Balance today at 14:00 previously which was -171B. CANADA Housing Starts (Sep) today at 8:15 this time estimated 255K, previously which was 260.2K.
TECHNICAL SUMMARY
GBPUSD

TRADE SUGGESTION- BUY AT 1.37225, TAKE PROFIT AT 1.37487 AND STOP LOSS AT 1.36882
EURUSD

TRADE SUGGESTION- SELL AT 1.15769, TAKE PROFIT AT 1.15667 AND STOP LOSS AT 1.15956
EURGBP

TRADE SUGGESTION- SELL AT 0.84331, TAKE PROFIT AT 0.84207 AND STOP LOSS AT 0.84578
EURJPY

TRADE SUGGESTION- BUY AT 132.325, TAKE PROFIT AT 132.555 AND STOP LOSS AT 132.271
S&P 500

TRADE SUGGESTION- BUY AT 4454.49 TAKE PROFIT AT 4466.95 AND STOP LOSS AT 4441.40
WTI CRUDE OIL

TRADE SUGGESTION- BUY AT 83.37 TAKE PROFIT AT 83.59 AND STOP LOSS AT 83.29
GOLD

TRADE SUGGESTION- SELL AT 1764.09, TAKE PROFIT AT 1753.43 AND STOP AT 1771.59
LITECOIN USD

TRADE SUGGESTION- BUY AT 187.20 TAKE PROFIT AT 193.09 AND STOP AT 183.54