Daily Technical Analysis Report By Capital Street Fx

[CSFXNEWS]

TECHNICAL ANALYSIS WITH CANDLESTICK CHARTS – 19 OCTOBER 2021​

Asia Pacific stocks were up on Tuesday morning. The Shanghai Composite is up 0.70% at 3,593.23. Overall, the Singapore MSCI is up 0.53% at 369.40. Over in Hong Kong, the Hang Seng Index is up 1.02% at 25,695.00. In Japan, the Nikkei 225 is up 1.21% at 29,260.00, while the Topix index is up 0.80% at 2028.5. South Korea’s Kospi is up 0.67% to 3026.63. Australia S&P/ASX 200 up 0.25% at 7399.5.
European equities Monday closing. The DAX futures contract in Germany traded down 0.72% at 15474.47, CAC 40 futures up 0.81% at 6673.11 and the UK 100 futures contract in the U.K. up 0.14% at 7,215.2.
In the U.S. on Wall Street, the Dow Jones Industrial Average closed down 1.09% at 35258.62. The S&P 500 up 0.34% at 4486.47 and the Nasdaq 100 down 0.01% at 15302.3, NYSE closes at 16862.00 down 0.06%.
In the Forex market, GBPUSD up 0.34% at 1.37694. The USDJPY down 0.18% at 114.109. The USDCHF down 0.30% at 0.9208. EURUSD up 0.38% at 1.16531, EUR/GBP up 0.12% at 0.84625. The USD/CNY down 0.31% at 6.41 at the time of writing.
In the commodity market U.S. Gold futures up 0.55% at $1,775.42. Elsewhere, Silver futures up 1.27% to $23.48 per ounce, Platinum up 1.29% at $1049.90 per ounce, and Palladium down 0.74% at $2034.00.
Crude Oil up on Tuesday; Brent crude oil up 0.26% at $84.34 per barrel while U.S. West Texas Intermediate (CLc1) is up 0.01% at $80.04.
In the Cryptocurrency Markets, BTCUSD at 62761.29 up 1.17%, Ethereum up 2.55% at 3840.41, Litecoin at 190.68 up 2.78%, at the time of writing.
TOP STOCKS TO WATCH OUT TODAY:
Gap Inc. up 4.562% at $23.15, Twitter Inc. up 3.298% at $64.84, Biogen Inc. down 4.076% to $269.73, Walt Disney Co. down 3.015% to $171.14, AES Corp. down 2.294% to $23.85, Amgen Inc. down 2.266% at $203.13.
Economic news:
US: Worries that the U.S. economy is heading into stagflation are overblown, several high-profile bond market investors said Monday at the 2021 Milken Global Conference program.
Stagflation – when stagnant economic activity is combined with high inflation – is “extremely unlikely,” PIMCO Chief Executive Emmanuel Roman said in a panel discussion at the conference, held in Beverly Hills, California.
Other participants in the panel discussion – including PGIM CEO David Hunt; Invesco CEO Martin Flanagan; Elizabeth Burton, chief investment officer for the Employees’ Retirement System of Hawaii; and Scott Minerd, Guggenheim Partners global chief investment officer – largely agreed that the threat of stagflation was remote.
With energy prices on the rise even as the economy remains constrained by supply-chain gridlock, an increasing number of investors have started to fret about the specter of stagflation in recent months.
In the past, a stagflation environment has tended to weigh on stock performance, analysts at Goldman Sachs (NYSE: GS) said in a report published earlier this month.
Eurozone: Britain said on Monday it was intervening in a proposed 6.3 billion-pound ($8.65 billion) takeover by U.S. engineering and aerospace firm Parker-Hannifin (NYSE: PH) of its British rival Meggitt (LON: MGGT), citing national security grounds.
The business minister Kwasi Kwarteng issued a so-called “intervention notice” to review the impact of the takeover.
“The UK is open for business; however, we will take steps to protect our national security, when necessary,” Kwarteng said.
Parker-Hannifin said in August it had agreed to buy London-listed Meggitt and promised a series of commitments, including on UK jobs, in an attempt to fend off concerns about the deal.
The planned takeover was the latest by U.S. investors for British firms which have become attractively priced after the COVID-19 pandemic and Brexit which hit the value of the pound.
Important Data: US Building Permits (Sep) today at 8:30 this time estimated 1.68M, previously which was 1.721M. US API Weekly Crude Oil Stock today at 16:30, previously which was 5.213M. JAPAN Exports (YoY) (Sep) today at 19:50 this time estimated 11%, previously which was 26.2%. JAPAN Trade Balance (Sep) today at 19:50 this time estimated -519.2B, previously which was -637.2B.
TECHNICAL SUMMARY
GBPUSD

TRADE SUGGESTION- BUY AT 1.37548, TAKE PROFIT AT 1.37913 AND STOP LOSS AT 1.37225
EURUSD

TRADE SUGGESTION- BUY AT 1.16339, TAKE PROFIT AT 1.16622 AND STOP LOSS AT 1.16088
GBPJPY

TRADE SUGGESTION- BUY AT 157.080, TAKE PROFIT AT 157.264 AND STOP LOSS AT 156.928
CHFJPY

TRADE SUGGESTION- BUY AT 123.783, TAKE PROFIT AT 123.846 AND STOP LOSS AT 123.7393.
DOW JONES

TRADE SUGGESTION- BUY AT 35108 TAKE PROFIT AT 35259 AND STOP LOSS AT 34884
WTI CRUDE OIL

TRADE SUGGESTION- BUY AT 82.36 TAKE PROFIT AT 82.96 AND STOP LOSS AT 82.03
GOLD

TRADE SUGGESTION- SELL AT 1773.45, TAKE PROFIT AT 1764.71 AND STOP AT 1779.32
ETHEREUM

TRADE SUGGESTION- BUY AT 3816.97 TAKE PROFIT AT 3882.89 AND STOP AT 3732.21

 

[CSFXNEWS]

TECHNICAL ANALYSIS WITH CANDLESTICK CHARTS – 20 OCTOBER 2021​

Asia Pacific stocks were mixed on Wednesday morning. The Shanghai composite is down 0.22% at 3,584.78. Overall, the Singapore MSCI up 0.24% at 371.35. Over in Hong Kong, the Hang Seng Index up 1.36% at 26,128.00. In Japan, the Nikkei 225 up 0.03% at 29,270.00, while the Topix index is up 0.02% at 2028.0. South Korea’s Kospi down 0.46% to 3015.17. Australia S&P/ASX 200 up 0.53% at 7413.7.
European equities Tuesday closing. The DAX futures contract in Germany traded up 0.27% at 15515.83, CAC 40 futures down 0.05% at 6669.86 and the UK 100 futures contract in the U.K. down 0.09% at 7,225.0.
In U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.56% at 35457.32. The S&P 500 up 0.74% at 4519.64 and the Nasdaq 100 down 0.23% at 15392.3, NYSE closes at 16988.15 up 0.75%.
In the Forex market, GBPUSD up 0.08% at 1.380. The USDJPY up 0.15% at 114.531. The USDCHF up 0.12% at 0.9240. EURUSD up 0.11% at 1.16449, EUR/GBP up 0.09% at 0.84367. The USD/CNY up 0.08% at 6.3868 at the time of writing.
In the commodity market U.S. Gold futures up 0.46% at $1,777.15. Elsewhere, Silver futures up 1.17% to $23.90 per ounce, Platinum up 0.34% at $1044.09 per ounce, and Palladium down 0.07% at $2098.50.
Crude Oil mix on Wednesday; Brent crude oil down 0.51% at $84.64 per barrel while U.S. West Texas Intermediate (CLc1) is up 0.12% at $80.14.
In the Cryptocurrency Markets, BTCUSD at 63906.48 down 0.49%, Ethereum down 0.80% at 3847.62, Litecoin at 186.23 down 1.40%, at the time of writing.
TOP STOCKS TO WATCH OUT TODAY:
Baidu Inc. up 4.654% at $179.00, NetEase Inc. up 2.543% at $100.39, Adobe Inc. up 2.126% to $636.07, Okta Inc. down 0.85% to $257.71, Tesla Inc. down 0.671% to $864.27, Boeing Co. down 0.466% at $215.97.
Economic news:
US: A U.S. congressman who prosecutors say lied to FBI investigators about illegal contributions to his 2016 re-election campaign from foreign nationals was indicted on federal charges on Tuesday.
Jeff Fortenberry, a Republican from Nebraska, was indicted by a U.S. District Court grand jury in Los Angeles on two counts of making false statements to federal investigators and one count of scheming to falsify and conceal material facts.
Fortenberry, 60, said in a videotaped statement with his wife, posted to YouTube earlier on Tuesday, that he expected to be charged in the case.
“We’re shocked, we’re stunned. I feel so personally betrayed,” Fortenberry says in the video, speaking as he sat next to his wife and dog in the cab of his Ford pickup truck.
Fortenberry said he had spoken to FBI agents at his home in Lincoln, Nebraska, about the campaign contributions and had told the truth, trying to assist them in the investigation. He asked viewers for prayers on his behalf.
Eurozone: The European Commission opened a debate on Tuesday on how to reform the European Union’s fiscal rules to deal with a pandemic-induced surge in public debt and with the huge investment needed to fight climate change.
“We are re-launching this review of our economic governance against a backdrop of enormous investment needs, as the climate emergency becomes more acute with every passing year,” European Economic Commissioner Paolo Gentiloni said.
“At the same time, the powerful fiscal support provided during the pandemic has led to higher debt levels. These challenges make it all the more essential to have a transparent and effective fiscal framework,” he said.
The debate is to produce a fourth reform of the rules since they were established in 1997 to limit government borrowing to safeguard the value of the EU’s currency — the euro. Revised in 2005, 2011 and 2013, the so-called Stability and Growth Pact is now so complex that few people fully understand it.
High public debt is the main headache now because public support to European economies during the pandemic boosted average debt in the euro zone to around 100% of national output from 60-70% in the early 1990s when the rules were drafted.
Important Data: US CPI (YoY) (Sep) today at 2:00 this time estimated 3.2%, previously which was 3.2%. EURO ZONE CPI (YoY) (Sep) today at 5:00 this time estimated 3.4%, previously which was 3.4%. CANADA Core CPI (MoM) (Sep) today at 8:30 previously which was 0.2%. US Crude Oil Inventories today at 10:30 this time estimated 1.857M, previously which was 6.088M.
TECHNICAL SUMMARY
GBPUSD

TRADE SUGGESTION- BUY AT 1.37877, TAKE PROFIT AT 1.38215 AND STOP LOSS AT 1.37693
EURUSD

TRADE SUGGESTION- BUY AT 1.16370, TAKE PROFIT AT 1.16641 AND STOP LOSS AT 1.16091
USDJPY

TRADE SUGGESTION- BUY AT 114.470, TAKE PROFIT AT 114.562 AND STOP LOSS AT 114.463
USDCHF

TRADE SUGGESTION- SELL AT 0.92367, TAKE PROFIT AT 0.92247 AND STOP LOSS AT 0.92580.
CAC 40

TRADE SUGGESTION- SELL AT 6647.1 TAKE PROFIT AT 6625.8 AND STOP LOSS AT 6667.5
WTI CRUDE OIL

TRADE SUGGESTION- BUY AT 82.39 TAKE PROFIT AT 83.72 AND STOP LOSS AT 82.19
GOLD

TRADE SUGGESTION- BUY AT 1775.90, TAKE PROFIT AT 1783.02 AND STOP AT 1770.31
BTCUSD

TRADE SUGGESTION- BUY AT 63752.17 TAKE PROFIT AT 64304.78 AND STOP AT 62554.89

 

[CSFXNEWS]

TECHNICAL ANALYSIS WITH CANDLESTICK CHARTS – 21 OCTOBER 2021​

Asia Pacific stocks were mixed on Thursday morning. The Shanghai Composite is down 0.05% at 3,585.70. Overall, the Singapore MSCI down 0.52% at 369.85. Over in Hong Kong, the Hang Seng Index down 0.93% at 25,913.00. In Japan, the Nikkei 225 was down 1.95% at 28,710.00, while the Topix index is down 1.33% at 2001.0. South Korea’s Kospi down 0.26% to 3006.37. Australia S&P/ASX 200 up 0.02% at 7415.4.
European equities Wednesday closing. The DAX futures contract in Germany traded up 0.05% at 15522.92, CAC 40 futures up 0.54% at 6705.62 and the UK 100 futures contract in the U.K. down 0.30% at 7,198.6.
In U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.43% at 35609.35. The S&P 500 up 0.37% at 4536.20 and the Nasdaq 100 down 0.19% at 15344.7, NYSE closes at 17099.20 up 0.65%.
In the Forex market, GBPUSD down 0.04% at 1.381. The USDJPY down 0.17% at 114.086. The USDCHF down 0.02% at 0.9186. EURUSD up 0.07% at 1.1655, EUR/GBP up 0.14% at 0.84349. The USD/CNY up 0.01% at 6.3941 at the time of writing.
In the commodity market U.S. Gold futures up 0.28% at $1,786.52. Elsewhere, Silver futures up 0.31% to $24.34 per ounce, Platinum up 0.36% at $1055.36 per ounce, and Palladium up 0.63% at $2086.00.
Crude Oil mix on Thursday; Brent crude oil down 0.58% at $85.36 per barrel while U.S. West Texas Intermediate (CLc1) is up 0.19% at $80.29.
In the Cryptocurrency Markets, BTCUSD at 64588.11 down 2.12%, Ethereum down 0.07% at 4160.48, Litecoin at 208.26 up 1.44%, at the time of writing.
TOP STOCKS TO WATCH OUT TODAY:
Ford Motor Co. up 4.021% at $16.04, AES Corp. up 3.644% at $25.03, eBay Inc. up 1.673% to $75.97, Netflix Inc. down 2.169% to $625.14, Fiserv Inc. down 1.06% to $110.11, McDonald’s Corp. down 1.256% at $239.72.
Economic news:
US: A group of 160 Republican lawmakers said addressing supply chain woes that have dramatically slowed the manufacture and shipment of goods around the United States must be fixed before considering new spending on social programs, according to a letter sent to President Joe Biden on Wednesday.
“We urge you to call on your congressional allies to halt discussions on a budget reconciliation bill that aims to reshape the social fabric of this country and instead work on real infrastructure solutions that focus on moving goods and people safely and efficiently,” said the letter signed by lawmakers including House Minority Leader Kevin McCarthy, Representative Sam Graves, the ranking member on the Transportation and Infrastructure Committee and others.
Eurozone: Britain and New Zealand have reached agreement in principle on a free trade deal designed to reduce tariffs, improve services trade, and take London one step closer to membership in a broader trans-Pacific trade agreement.
Prime ministers Boris Johnson and Jacinda Ardern sealed the deal in a Zoom call on Wednesday after 16 months of negotiation.
“This is a great trade deal for the United Kingdom, cementing our long friendship with New Zealand and furthering our ties with the Indo-Pacific,” Johnson said in a statement.
It comes only months after a similar British agreement with Australia as ministers in London look to flesh out a post-Brexit pivot away from relying on commerce with the European Union.
“This deal serves New Zealand’s economy and exporters well as we reconnect, rebuild and recover from COVID-19, and look forward into the future,” Ardern said at a news conference in Wellington, adding the deal was the country’s best ever.
Important Data: US Existing Home Sales (Sep) today at 10:00 this time estimated 6.09M, previously which was 5.88M. US Initial Jobless Claims today at 8:30 this time estimated 300K, previously which was 293K. JAPAN National Core CPI (YoY) (Sep) today at 19:30 this time estimated 0.1%, previously which was -0.2%. JAPAN Services PMI today at 20:30 previously which was 47.8.
TECHNICAL SUMMARY
GBPUSD

TRADE SUGGESTION- BUY AT 1.38018, TAKE PROFIT AT 1.38293 AND STOP LOSS AT 1.37834
EURUSD

TRADE SUGGESTION- BUY AT 1.16472, TAKE PROFIT AT 1.16648 AND STOP LOSS AT 1.16354
EURGBP

TRADE SUGGESTION- SELL AT 0.84376, TAKE PROFIT AT 0.84206 AND STOP LOSS AT 0.84603
EURJPY

TRADE SUGGESTION- BUY AT 132.680, TAKE PROFIT AT 132.844 AND STOP LOSS AT 132.564.
S&P 500

TRADE SUGGESTION- BUY AT 4508.49 TAKE PROFIT AT 4520.37 AND STOP LOSS AT 4500.72
WTI CRUDE OIL

TRADE SUGGESTION- BUY AT 84.05 TAKE PROFIT AT 85.00 AND STOP LOSS AT 83.59
GOLD

TRADE SUGGESTION- BUY AT 1781.40, TAKE PROFIT AT 1789.08 AND STOP AT 1775.60
LITECOIN USD

TRADE SUGGESTION- BUY AT 206.28 TAKE PROFIT AT 210.37 AND STOP AT 205.11

 

[CSFXNEWS]

TECHNICAL ANALYSIS WITH CANDLESTICK CHARTS – 22 OCTOBER 2021​

Asia Pacific stocks were mostly up on Friday morning. The Shanghai composite is down 0.25% at 3,585.03. Overall, the Singapore MSCI up 0.39% at 370.60. Over in Hong Kong, the Hang Seng Index up 0.21% at 26,026.00. In Japan, the Nikkei 225 up 0.49% at 28,870.00, while the Topix index is up 0.15% at 2004.0. South Korea’s Kospi down 0.04% to 3006.16. Australia S&P/ASX 200 flat at 7415.5.
European equities Thursday closing. The DAX futures contract in Germany traded down 0.32% at 15472.56, CAC 40 futures down 0.29% at 6686.18 and the UK 100 futures contract in the U.K. up 0.06% at 7,209.8.
In U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.02% at 35603.09. The S&P 500 up 0.30% at 4549.79 and the Nasdaq 100 up 0.12% at 15415.8, NYSE closes at 17083.15 down 0.09%.
In the Forex market, GBPUSD flat at 1.379. The USDJPY down 0.01% at 113.960. The USDCHF down 0.08% at 0.9174. EURUSD up 0.10% at 1.1633, EUR/GBP up 0.13% at 0.84352. The USD/CNY up 0.01% at 6.3943 at the time of writing.
In the commodity market U.S. Gold futures up 0.54% at $1,792.51. Elsewhere, Silver futures up 0.64% to $24.30 per ounce, Platinum up 0.56% at $1055.86 per ounce, and Palladium up 1.09% at $2038.00.
Crude Oil down on Friday; Brent crude oil down 0.76% at $84.10 per barrel while U.S. West Texas Intermediate (CLc1) is down 0.20% at $80.13.
In the Cryptocurrency Markets, BTCUSD at 62630.00 up 0.60%, Ethereum up 1.42% at 4113.61, Litecoin at 197.49 up 0.08%, at the time of writing.
TOP STOCKS TO WATCH OUT TODAY:
HP Inc. up 6.926% at $30.57, Netflix Inc. up 4.482% at $653.16, PayPal Holdings Inc. down 5.864% to $243.21, JD.Com Inc. down 1.824% to $83.97, Kraft Heinz Co. down 1.46% to $36.38, PepsiCo Inc. down 1.32% at $159.18.
Economic news:
US: A U.S. regulator on Thursday doled out a record reward of nearly $200 million to a whistle-blower who provided information for a case involving the rigging of crucial financial benchmarks, according to the agency and a law firm involved in the award.
The U.S. Commodity Futures Trading Commission (CFTC)announced the award in a statement on Thursday, but did not disclose the recipient or details about the case or the precise amount.
Law firm Kirby (NYSE:KEX) McInerney LLP said in a statement its client scored the record bounty after providing extensive information and documents in 2012 that “catalyzed” investigations by the CFTC and a foreign regulator into benchmark manipulation.
Eurozone: A record proportion of the British public thinks inflation will accelerate over the next 12 months, according to data that could further boost expectations that the Bank of England will raise interest rates next month.
Some 48% of people surveyed this month by consumer research firm GfK expected prices to increase more rapidly over the next 12 months, up from 34% in September, the figures seen exclusively by Reuters showed.
It marked the highest share since records began in January 1985, when Margaret Thatcher was prime minister and more than a decade before the BoE became operationally independent.
The surge in inflation expectations follows a month of rocketing gas prices that have caused the collapse of several British energy suppliers, leaving households faced with the prospect of hefty bills in 2022.
Global supply chain problems as the world economy reopens from COVID-19 lockdowns and labour shortages, exacerbated by Brexit, have added to Britain’s recent inflationary tilt.
Important Data: German Manufacturing PMI (Oct) today at 3:30 this time estimated 56.5, previously which was 58.4. EURO ZONE Markit Composite PMI (Oct) today at 4:00 this time estimated 55.2, previously which was 56.2. UK Manufacturing PMI (Oct) today at 4:30 previously which was 57.1. CANADA Core Retail Sales (MoM) (Aug) today at 8:30 this time estimated 2.8%, previously which was -1.0%.
TECHNICAL SUMMARY
GBPUSD

TRADE SUGGESTION- BUY AT 1.37846, TAKE PROFIT AT 1.38127 AND STOP LOSS AT 1.37634
EURUSD

TRADE SUGGESTION- BUY AT 1.16369, TAKE PROFIT AT 1.16633 AND STOP LOSS AT 1.16150
GBPJPY

TRADE SUGGESTION- BUY AT 157.255, TAKE PROFIT AT 157.623 AND STOP LOSS AT 156.918
CHFJPY

TRADE SUGGESTION- BUY AT 124.309, TAKE PROFIT AT 124.420 AND STOP LOSS AT 124.223.
EURO STOXX 50

TRADE SUGGESTION- BUY AT 4179.00 TAKE PROFIT AT 4194.00 AND STOP LOSS AT 4156.00
WTI CRUDE OIL

TRADE SUGGESTION- BUY AT 82.42 TAKE PROFIT AT 83.15 AND STOP LOSS AT 81.92
GOLD

TRADE SUGGESTION- BUY AT 1791.55, TAKE PROFIT AT 1798.36 AND STOP AT 1783.41
BTC USD

TRADE SUGGESTION- SELL AT 63157.27 TAKE PROFIT AT 62394.66 AND STOP AT 64231.95

 

[CSFXNEWS]

TECHNICAL ANALYSIS WITH CANDLESTICK CHARTS – 25 OCTOBER 2021​

Asia Pacific stocks were mostly down on Monday morning. The Shanghai composite is up 0.75% at 3,609.52. Overall, the Singapore MSCI down 0.20% at 370.85. Over in Hong Kong, the Hang Seng Index up 0.17% at 26,153.00. In Japan, the Nikkei 225 down 0.87% at 28,620.00, while the Topix index is down 0.40% at 1996.0. South Korea’s Kospi up 0.48% to 3020.54. Australia S&P/ASX 200 up 0.34% at 7441.0.
European equities Friday closing. The DAX futures contract in Germany traded up 0.46% at 15542.98, CAC 40 futures up 0.71% at 6733.70 and the UK 100 futures contract in the U.K. up 0.14% at 7,231.8.
In U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.21% at 35677.03. The S&P 500 down 0.11% at 4544.91 and the Nasdaq 100 up 0.35% at 15392.4, NYSE closes at 17122.24 up 0.23%.
In the Forex market, GBPUSD up 0.13% at 1.376. The USDJPY up 0.19% at 113.686. The USDCHF up 0.13% at 0.9172. EURUSD up 0.01% at 1.1646, EUR/GBP up 0.02% at 0.84597. The USD/CNY down 0.03% at 6.3818 at the time of writing.
In the commodity market U.S. Gold futures up 0.23% at $1,796.47. Elsewhere, Silver futures up 0.41% to $24.39 per ounce, Platinum up 0.09% at $1041.47 per ounce, and Palladium up 0.42% at $2032.00.
Crude Oil up on Monday; Brent crude oil up 0.37% at $86.02 per barrel while U.S. West Texas Intermediate (CLc1) is up 0.14% at $80.24.
In the Cryptocurrency Markets, BTCUSD at 62002.00 up 1.79%, Ethereum up 1.02% at 4123.95, Litecoin at 193.17 up 1.24%, at the time of writing.
TOP STOCKS TO WATCH OUT TODAY:
eBay Inc. up 5.747% at $80.59, Equifax Inc. up 5.014% at $268.28, Intel Corp. down 11.679% to $49.46, Twitter Inc. down 4.832% to $62.24, Moderna Inc. down 3.837% to $326.54, Hasbro Inc. down 3.201% at $89.50.
Economic news:
US: U.S. Treasury Secretary Janet Yellen said on Sunday that the United States was not losing control of inflation, and that she expected inflation levels to return to normal by the second half of next year.
Yellen, in an interview on CNN, said spending in President Joe Biden’s domestic infrastructure and Build Back Better packages would be allocated over the next 10 years, but she did not say whether that would exacerbate inflation.
“I don’t think we’re about to lose control of inflation,” Yellen said.
“On a 12-month basis, the inflation rate will remain high into next year because of what’s already happened. But I expect improvement by the middle to end of next year – second half of next year,” Yellen said.
Supply chain snags have bedevilled the United States and other countries as economic reopening spur a surge in demand.
Eurozone: The European Central Bank should tighten the rules governing personal investments by its policymakers if it wants to steer clear of controversies like that embroiling the Federal Reserve, lawmakers, academics and transparency activists say.
Their proposals include having the euro zone’s rate-setters only invest via wealth managers, publishing the time of any personal trade, and barring them from touching securities that directly benefit from the ECB’s asset-purchase programmes.
The Fed on Thursday banned individual stock purchases by its top officials and unveiled other restrictions after an uproar over trades made in 2020, when the U.S. central bank intervened to stop a collapse in financial markets as the pandemic raged.
The ECB’s own disclosures for last year show 13 of the 25 members of the Governing Council picked their own funds, stocks and bonds – in some cases including government bonds the ECB is hoovering up under its stimulus programmes or shares in companies whose debt it buys.
Ten rate-setters had no or negligible investments while two had an independent manager look after their wealth.
There has been no suggestion of wrongdoing by any of the ECB’s policymakers, whose decisions – such as setting interest rates or buying trillions of euros worth of bonds – influence financial markets.
Important Data: JAPAN Leading Index (MoM) today at 1:00 this time estimated -2.3%, previously which was -0.1%. German Current Assessment (Oct) at 4:00 this time estimated 99.4, previously which was 100.4. CANADA Wholesale Sales (MoM) today at 8:30 previously which was 0.3%. US 3-Month Bill Auction today at 11:30 previously which was 0.055%.
TECHNICAL SUMMARY
GBPUSD

TRADE SUGGESTION- BUY AT 1.37830, TAKE PROFIT AT 1.38147 AND STOP LOSS AT 1.37609
EURUSD

TRADE SUGGESTION- BUY AT 1.16549, TAKE PROFIT AT 1.16808 AND STOP LOSS AT 1.16356
USDJPY

TRADE SUGGESTION- BUY AT 113.63, TAKE PROFIT AT 114.06 AND STOP LOSS AT 113.44
USDCHF

TRADE SUGGESTION- SELL AT 0.91623, TAKE PROFIT AT 0.91501 AND STOP LOSS AT 0.91770.
CAC 40

TRADE SUGGESTION- BUY AT 6730.10 TAKE PROFIT AT 6765.80 AND STOP LOSS AT 6705.10
WTI CRUDE OIL

TRADE SUGGESTION- BUY AT 84.36 TAKE PROFIT AT 84.53 AND STOP LOSS AT 84.22
GOLD

TRADE SUGGESTION- BUY AT 1799.95, TAKE PROFIT AT 1806.48 AND STOP AT 1793.80
LITECOIN USD

TRADE SUGGESTION- SELL AT 194.69 TAKE PROFIT AT 190.93 AND STOP AT 197.13

 

[CSFXNEWS]

TECHNICAL ANALYSIS WITH CANDLESTICK CHARTS – 26 OCTOBER 2021​

Asia Pacific stocks were mostly up on Tuesday morning. The Shanghai composite is down 0.39% at 3,595.32. Overall, the Singapore MSCI down 0.16% at 370.45. Over in Hong Kong, the Hang Seng Index down 0.75% at 25,943.00. In Japan, the Nikkei 225 up 1.78% at 29,130.00, while the Topix index is up 1.25% at 2021.0. South Korea’s Kospi up 0.94% to 3049.08. Australia S&P/ASX 200 up 0.03% at 7443.4.
European equities Monday closing. The DAX futures contract in Germany traded up 0.36% at 15599.23, CAC 40 futures down 0.31% at 6712.86 and the UK 100 futures contract in the U.K. up 0.19% at 7,240.8.
In U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.18% at 35741.16. The S&P 500 up 0.47% at 4566.49 and the Nasdaq 100 up 0.26% at 15598.6, NYSE closes at 17169.07 up 0.27%.
In the Forex market, GBPUSD up 0.06% at 1.377. The USDJPY up 0.20% at 113.941. The USDCHF up 0.11% at 0.9208. EURUSD down 0.03% at 1.1603, EUR/GBP down 0.09% at 0.84250. The USD/CNY down 0.05% at 6.3823 at the time of writing.
In the commodity market U.S. Gold futures down 0.18% at $1,803.80. Elsewhere, Silver futures down 0.74% to $24.37 per ounce, Platinum down 0.62% at $1052.00 per ounce, and Palladium down 0.32% at $2050.50.
Crude Oil mix on Tuesday; Brent crude oil down 0.07% at $85.88 per barrel while U.S. West Texas Intermediate (CLc1) is up 4.30% at $83.69.
In the Cryptocurrency Markets, BTCUSD at 62457.02 down 1.06%, Ethereum down 0.56% at 4197.15, Litecoin at 195.36 up 0.03%, at the time of writing.
TOP STOCKS TO WATCH OUT TODAY:
Tesla Inc. up 12.662% at $1024.86, Moderna Inc. up 7.05% at $349.56, Nucor Corp. down 6.929% to $109.42, ETSY Inc. down 4.684% to $252.57, Carmax Inc. down 2.412% to $139.97, Whirlpool Corp. down 2.375% at $208.37.
Economic news:
US: State and local governments distributed nearly $2.8 billion in Emergency Rental Assistance program funds in September, up from about $2.6 billion in August and bringing the year-to-date total to $10.3 billion, the U.S. Treasury said on Monday.
The Treasury said about 510,000 American households were helped by the aid to pay rent, utilities and arrears, compared to 459,000 in August
The figures show some acceleration of disbursements as programs administered by states and municipalities gain traction, with over 2 million payments made so far, but the pace is still behind the curve, Biden administration officials said.
Gene Sperling, the White House coordinator for coronavirus aid programs, said the program is on track for 3.5 million rental aid payments for all of 2021, “making a meaningful difference in preventing the feared surge in evictions, but it is still not good enough.”
Eurozone: Britain will announce a rise in its minimum wage for those aged 23 and over to 9.50 pounds ($13.06) per hour from 8.91 pounds in the government’s budget statement on Wednesday, the finance ministry said on Monday.
“This wage boost ensures we’re making work pay and keeps us on track to meet our target to end low pay by the end of this Parliament,” finance minister Rishi Sunak said in a statement ahead of his annual budget presentation on Wednesday.
The increase in the minimum wage is due to take effect in April 2022. Rates for people aged under 23, who are paid a lower minimum wage, are also due to rise, the finance ministry said.
Important Data: US New Home Sales (Sep) today at 10:00 this time estimated 760K, previously which was 740K. AUSTRLIA CPI (QoQ) (Q3) at 20:30 this time estimated 0.8%, previously which was 0.8%. NEW ZEALAND Trade Balance (YoY) (Sep) today at 17:45 previously which was -2,940M. US CB Consumer Confidence (Oct) today at 10:00 this time estimated 108.3, previously which was 109.3.
TECHNICAL SUMMARY
GBPUSD

TRADE SUGGESTION- BUY AT 1.37616, TAKE PROFIT AT 1.37879 AND STOP LOSS AT 1.37378
EURUSD

TRADE SUGGESTION- SELL AT 1.15939, TAKE PROFIT AT 1.15840 AND STOP LOSS AT 1.16088
EURGBP

TRADE SUGGESTION- SELL AT 0.84233, TAKE PROFIT AT 0.84203 AND STOP LOSS AT 0.84303
EURJPY

TRADE SUGGESTION- BUY AT 132.320, TAKE PROFIT AT 132.562 AND STOP LOSS AT 132.099.
EURO STOXX 50

TRADE SUGGESTION- BUY AT 4198.00 TAKE PROFIT AT 4217.00 AND STOP LOSS AT 4189.00
WTI CRUDE OIL

TRADE SUGGESTION- BUY AT 83.38 TAKE PROFIT AT 84.19 AND STOP LOSS AT 83.13
GOLD

TRADE SUGGESTION- BUY AT 1802.09, TAKE PROFIT AT 1807.86 AND STOP AT 1797.27
BTC USD

TRADE SUGGESTION- BUY AT 62392.64 TAKE PROFIT AT 63638.92 AND STOP AT 61695.30

 

[CSFXNEWS]

TECHNICAL ANALYSIS WITH CANDLESTICK CHARTS – 27 OCTOBER 2021​

Asia Pacific stocks were mostly down on Wednesday morning as investors remained concerned about the risk from elevated inflation. The Shanghai composite is down 1.16% at 3,555.93. Overall, the Singapore MSCI up 0.27% at 371.55. Over in Hong Kong, the Hang Seng Index down 1.84% at 25,558.00. In Japan, the Nikkei 225 down 0.38% at 29,020.00, while the Topix index is down 0.52% at 2010.5. South Korea’s Kospi down 0.77% to 3025.49. Australia S&P/ASX 200 up 0.07% at 7448.7.
European equities Tuesday closing. The DAX futures contract in Germany traded up 1.01% at 15757.06, CAC 40 futures up 0.80% at 6766.52 and the UK 100 futures contract in the U.K. down 0.04% at 7,272.7.
In U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.04% at 35756.89. The S&P 500 up 0.18% at 4574.80 and the Nasdaq 100 up 0.31% at 15584.5, NYSE closes at 17145.14 down 0.14%.
In the Forex market, GBPUSD up 0.07% at 1.377. The USDJPY down 0.09% at 114.027. The USDCHF down 0.12% at 0.9186. EURUSD up 0.08% at 1.1605, EUR/GBP up 0.11% at 0.84258. The USD/CNY up 0.01% at 6.3838 at the time of writing.
In the commodity market U.S. Gold futures down 0.18% at $1,790.15. Elsewhere, Silver futures down 0.51% to $24.03 per ounce, Platinum down 0.62% at $1023.11 per ounce, and Palladium up 0.17% at $2014.00.
Crude Oil mix on Wednesday; Brent crude oil down 0.86% at $85.36 per barrel while U.S. West Texas Intermediate (CLc1) is up 1.18% at $84.68.
In the Cryptocurrency Markets, BTCUSD at 60880.79 up 0.92%, Ethereum up 2.95% at 4253.95, Litecoin at 200.22 up 1.40%, at the time of writing.
TOP STOCKS TO WATCH OUT TODAY:
NVIDIA Corp. up 6.695% at $247.17, S&P Global Inc. up 3.856% at $464.62, IHS Markit Ltd. up 3.486% to $128.25, Facebook down 3.919% to $315.81, Baidu Inc. down 3.784% to $168.83, JD.Com Inc. down 3.288% at $81.48.
Economic news:
US: U.S. consumer confidence unexpectedly rose in October as concerns about high inflation were offset by improving labour market prospects, suggesting economic growth was picking up after a turbulent third quarter.
The survey from the Conference Board on Tuesday showed consumers eager to buy a home and big-ticket item such as motor vehicles and major household appliances over the next six months. The share of Americans planning to go on vacation was the largest since February 2020, just before the nation was slammed by the first wave of COVID-19 infections.
A resurgence in coronavirus cases over the summer, driven by the Delta variant, and supply-chain constraints related to the pandemic restrained economic activity last quarter.
“Consumers are more upbeat after a rocky third quarter and this argues for a strong finish for the economy in 2021,” said Christopher Rupkey, chief economist at FWDBONDS in New York. “Consumers know the tight labour market has their backs. Those forecasting a recession from the drop in the confidence late in the summer will have to back off that call.”
Eurozone: British finance minister Rishi Sunak will try to show that he is moving on from the COVID-19 pandemic on Wednesday when he announces multi-billion-pound investments to help Prime Minister Boris Johnson meet his spending promises to voters.
But Sunak, who has racked up the biggest ever peacetime budget deficit to combat the coronavirus, will also keep a tight grip on day-to-day spending by many government departments, something that could slow Britain’s still incomplete recovery.
As well as a budget update – which for once is not expected to include emergency stimulus measures – Sunak will announce a three-year spending plan with investments in public transport, skills training and other projects to advance Johnson’s plan to “level up” poorer regions of the country.
At the same time, he will try to burnish the government’s low-carbon credentials before Britain hosts the COP26 climate summit starting next week.
“Today’s budget begins the work of preparing for a new economy post-COVID…, an economy fit for a new age of optimism,” Sunak is due to say, according to excerpts of his speech released by the finance ministry.
Important Data: US Core Durable Goods Orders (MoM) (Sep) today at 8:30 this time estimated 0.4%, previously which was 0.3%. CANADA BoC Interest Rate Decision at 10:00 this time estimated 0.25%, previously which was 0.25%. US Crude Oil Inventories today at 10:30 this time estimated 1.914M, previously which was -0.431M. JAPAN Retail Sales (YoY) (Sep) today at 19:50 this time estimated
-2.3%, previously which was -3.2%.
TECHNICAL SUMMARY
GBPUSD

TRADE SUGGESTION- BUY AT 1.37616, TAKE PROFIT AT 1.37879 AND STOP LOSS AT 1.37378
EURUSD

TRADE SUGGESTION- SELL AT 1.15939, TAKE PROFIT AT 1.15840 AND STOP LOSS AT 1.16088
EURGBP

TRADE SUGGESTION- SELL AT 0.84233, TAKE PROFIT AT 0.84203 AND STOP LOSS AT 0.84303
EURJPY

TRADE SUGGESTION- BUY AT 132.320, TAKE PROFIT AT 132.562 AND STOP LOSS AT 132.099.
EURO STOXX 50

TRADE SUGGESTION- BUY AT 4198.00 TAKE PROFIT AT 4217.00 AND STOP LOSS AT 4189.00
WTI CRUDE OIL

TRADE SUGGESTION- BUY AT 83.38 TAKE PROFIT AT 84.19 AND STOP LOSS AT 83.13
GOLD

TRADE SUGGESTION- BUY AT 1802.09, TAKE PROFIT AT 1807.86 AND STOP AT 1797.27
BTC USD

TRADE SUGGESTION- BUY AT 62392.64 TAKE PROFIT AT 63638.92 AND STOP AT 61695.30

 

[CSFXNEWS]

TECHNICAL ANALYSIS WITH CANDLESTICK CHARTS – 28 OCTOBER 2021​

Asia Pacific stocks were mostly down on Thursday morning. The Shanghai composite is down 1.16% at 3,521.29. Overall, the Singapore MSCI down 0.36% at 369.15. Over in Hong Kong, the Hang Seng Index down 0.32% at 25,560.00. In Japan, the Nikkei 225 down 0.83% at 28,760.00, while the Topix index is down 0.65% at 1995.5. South Korea’s Kospi down 0.53% to 3009.55. Australia S&P/ASX 200 down 0.25% at 7430.4.
European equities Wednesday closing. The DAX futures contract in Germany traded down 0.33% at 15705.81, CAC 40 futures down 0.19% at 6753.53 and the UK 100 futures contract in the U.K. down 0.06% at 7,249.4.
In U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.74% at 35490.70. The S&P 500 down 0.51% at 4551.67 and the Nasdaq 100 up 0.10% at 15622.9, NYSE closes at 16920.38 down 1.31%.
In the Forex market, GBPUSD up 0.05% at 1.374. The USDJPY down 0.20% at 113.598. The USDCHF up 0.09% at 0.9188. EURUSD down 0.01% at 1.1600, EUR/GBP down 0.01% at 0.84382. The USD/CNY up 0.10% at 6.3977 at the time of writing.
In the commodity market U.S. Gold futures up 0.32% at $1,801.75. Elsewhere, Silver futures down 0.04% to $24.04 per ounce, Platinum up 0.80% at $1016.09 per ounce, and Palladium up 1.15% at $1984.50.
Crude Oil down on Thursday; Brent crude oil down 0.78% at $83.50 per barrel while U.S. West Texas Intermediate (CLc1) is down 2.34% at $82.70.
In the Cryptocurrency Markets, BTCUSD at 59217.31 up 1.29%, Ethereum up 2.94% at 4038.59, Litecoin at 184.40 up 2.88%, at the time of writing.
TOP STOCKS TO WATCH OUT TODAY:
Teradyne Inc. up 6.878% at $123.07, Masco Corp. up 5.206% at $64.26, Microsoft Corp. up 4.211% to $323.17, Twitter Inc down 10.777% to $54.81, Fiserv Inc. down 10.024% to $98.83, Visa Inc. down 6.919% at $215.78.
Economic news:
US: U.S. Treasury Secretary Janet Yellen will use her third trip to Europe to push a slew of White House global economic priorities on corporate taxes, climate financing, preventing new pandemics and easing inflationary supply chain disruptions.
Over the next week, she will make the pitches at Group of 20 meetings in Rome and at the United Nations Climate Change Conference 26 (COP26) in Glasgow, with an interim stop in Ireland to thank the low-tax country for its hard-fought decision to support a deal for a 15% global minimum corporate tax.
U.S. President Joe Biden and other G20 leaders at a weekend summit are expected to endorse the tax deal agreed by 136 countries, cementing progress made this year under Yellen’s leadership.
Eurozone: The European Union published draft laws on Wednesday to “faithfully” implement the final batch of tougher global bank capital rules from 2025, two years later than agreed internationally.
Following the initial batch of rules, banks in Europe hold roughly triple the amount of capital that they did in the run up to the 2007-09 global financial crisis that saw governments bail out collapsing lenders.
Brussels says its proposals would modestly increase capital requirements by less than 9% on average by 2030, but banks argue the hit will be bigger in practice and will make it harder for them to help the economy recover from COVID-19.
The European Parliament and EU states have the final say on the European Commission’s proposals for transposing the ‘Basel III’ global bank capital accord, with haggling and tweaks likely.
“We are faithfully implementing the agreement on Basel III while taking into account some European specificities, and ensuring it does not lead to a significant overall increase in capital requirements,” European Commission Executive Vice President Valdis Dombrovskis told reporters.
Important Data: Germany Unemployment Rate (Oct) today at 3:55 this time estimated 5.4%, previously which was 5.5%. EURO ZONE Deposit Facility Rate (Oct) at 7:45 this time estimated -0.50%, previously which was -0.50%. US GDP (QoQ) (Q3) today at 8:30 this time estimated 2.7%, previously which was 6.7%. US Initial Jobless Claims today at 8:30 this time estimated 290K, previously which was 290K.
TECHNICAL SUMMARY
GBPUSD

TRADE SUGGESTION- BUY AT 1.37502, TAKE PROFIT AT 1.37864 AND STOP LOSS AT 1.37297
EURUSD

TRADE SUGGESTION- SELL AT 1.15964, TAKE PROFIT AT 1.15803 AND STOP LOSS AT 1.16136
USDJPY

TRADE SUGGESTION- BUY AT 113.664, TAKE PROFIT AT 113.849 AND STOP LOSS AT 113.446
USDCHF

TRADE SUGGESTION- SELL AT 0.91846, TAKE PROFIT AT 0.91703 AND STOP LOSS AT 0.92040.
HANG SENG

TRADE SUGGESTION- SELL AT 25516.00 TAKE PROFIT AT 25312.00 AND STOP LOSS AT 25637.00
WTI CRUDE OIL

TRADE SUGGESTION- SELL AT 81.75 TAKE PROFIT AT 79.37 AND STOP LOSS AT 83.70
GOLD

TRADE SUGGESTION- BUY AT 1803.10, TAKE PROFIT AT 1806.73 AND STOP AT 1797.76
BTCUSD

TRADE SUGGESTION- SELL AT 58911.99 TAKE PROFIT AT 57962.51 AND STOP AT 59975.14

 

[CSFXNEWS]

TECHNICAL ANALYSIS WITH CANDLESTICK CHARTS – 29 OCTOBER 2021​

Asia Pacific stocks were mostly down on Friday morning. The Shanghai composite is up 0.16% at 3,523.93. Overall, the Singapore MSCI up 0.80% at 370.90. Over in Hong Kong, the Hang Seng Index up 0.04% at 25,424.00. In Japan, the Nikkei 225 up 0.73% at 28,980.00, while the Topix index is up 0.35% at 2002.5. South Korea’s Kospi down 0.65% to 2990.11. Australia S&P/ASX 200 down 0.71% at 7377.5.
European equities Thursday closing. The DAX futures contract in Germany traded down 0.06% at 15696.33, CAC 40 futures up 0.75% at 6804.22 and the UK 100 futures contract in the U.K. down 0.05% at 7,249.48.
In U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.68% at 35730.49. The S&P 500 up 0.98% at 4596.41 and the Nasdaq 100 down 0.02% at 15684.4, NYSE closes at 17076.99 up 0.93%.
In the Forex market, GBPUSD up 0.06% at 1.3794. The USDJPY up 0.04% at 113.614. The USDCHF down 0.01% at 0.9117. EURUSD down 0.01% at 1.1677, EUR/GBP down 0.05% at 0.84649. The USD/CNY down 0.01% at 6.3908 at the time of writing.
In the commodity market U.S. Gold futures down 0.10% at $1,797.24. Elsewhere, Silver futures down 0.44% to $23.95 per ounce, Platinum up 0.32% at $1020.24 per ounce, and Palladium up 0.13% at $1995.00.
Crude Oil mix on Friday; Brent crude oil down 0.05% at $84.46 per barrel while U.S. West Texas Intermediate (CLc1) is up 0.16% at $82.83.
In the Cryptocurrency Markets, BTCUSD at 61686.80 up 1.81%, Ethereum up 2.11% at 4380.12, Litecoin at 193.10 up 1.82%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY:​

Gap Inc. up 5.515% at $22.96, Nielsen Holdings PLC. up 6.54% at $20.69, eBay Inc. down 6.76% to $72.41, Visa Inc. down 2.753% to $209.84, Autozone Inc. down 2.506% to $1780.1, Teleflex Inc. down 5.163% at $347.36.

ECONOMIC NEWS:​

US: Contracts to buy U.S. previously owned homes unexpectedly fell in September likely as some potential buyers delayed purchases amid higher prices.
The National Association of Realtors (NAR) said on Thursday its Pending Home Sales Index, based on signed contracts, decreased 2.3% last month to 116.7. Pending home sales fell in all four regions.
Economists polled by Reuters had forecast contracts, which become sales after a month or two, would be unchanged. Pending home sales dropped 8.0% in September on a year-on-year basis. Scarce inventory has led to double-digit growth in home prices.
“Some potential buyers have momentarily paused their home search with intentions to resume in 2022,” said Lawrence Yun, NAR’s chief economist.
Eurozone: European Central Bank President Christine Lagarde acknowledged on Thursday that inflation will be high for even longer but pushed back against market bets that price pressures would trigger an interest rate hike as soon as next year.
With central banks around the world signalling tighter policy amid rising prices, Lagarde said the ECB had done much “soul-searching” over its stance but concluded that inflation was still temporary, so a policy response would be premature.
“We talked about inflation, inflation, inflation,” Lagarde told a news conference following the ECB’s policy meeting.
She identified higher energy prices, a global mismatch between recovering demand and supply, and one-off base effects such as the end of a cut in German sales taxes as the three main factors temporarily driving euro zone inflation.
“While inflation will take longer to decline than previously expected, we expect these factors to ease in the course of next year … We continue to see inflation in the medium term below our 2% target,” Lagarde said.
Important Data: UK Nationwide HPI (YoY) (Oct) today at 3:00 this time estimated 9.3%, previously which was 10.0%. EURO ZONE CPI (YoY) (Oct) at 5:00 this time estimated 3.7%, previously which was 3.4%. CANADA GDP (MoM) (Aug) today at 8:30 this time estimated 0.7%, previously which was -0.1%. US PCE Price index (YoY) (Sep) today at 8:30 previously which was 4.3.
TECHNICAL SUMMARY
GBPUSD

TRADE SUGGESTION- BUY AT 1.37950, TAKE PROFIT AT 1.38231 AND STOP LOSS AT 1.37668
EURUSD

TRADE SUGGESTION- BUY AT 1.16725, TAKE PROFIT AT 1.16958 AND STOP LOSS AT 1.16604
EURGBP

TRADE SUGGESTION- BUY AT 0.84606, TAKE PROFIT AT 0.84759 AND STOP LOSS AT 0.84508
EURJPY

TRADE SUGGESTION- BUY AT 132.649, TAKE PROFIT AT 133.088 AND STOP LOSS AT 132.384.
DOW JONES

TRADE SUGGESTION- BUY AT 35576.00 TAKE PROFIT AT 35713.00 AND STOP LOSS AT 35444.00
WTI CRUDE OIL

TRADE SUGGESTION- BUY AT 82.90 TAKE PROFIT AT 84.16 AND STOP LOSS AT 81.69
GOLD

TRADE SUGGESTION- BUY AT 1793.97, TAKE PROFIT AT 1798.76 AND STOP AT 1789.44
ETHEREUM

TRADE SUGGESTION- BUY AT 4348.27 TAKE PROFIT AT 4363.23 AND STOP AT 4334.46

 

[CSFXNEWS]

TECHNICAL ANALYSIS WITH CANDLESTICK CHARTS – 01 NOVEMBER 2021

Asia Pacific stocks were mixed on Monday morning. The Shanghai composite is down 0.06% at 3,545.18. Overall, the Singapore MSCI up 0.42% at 369.55. Over in Hong Kong, the Hang Seng Index down 0.87% at 25,087.00. In Japan, the Nikkei 225 up 3.02% at 29,650.00, while the Topix index is up 2.63% at 2044.5. South Korea’s Kospi down 0.28% to 2978.86. Australia S&P/ASX 200 up 0.64% at 7370.8.

European equities Friday closing. The DAX futures contract in Germany traded down 0.05% at 15688.77, CAC 40 futures up 0.38% at 6830.34 and the UK 100 futures contract in the U.K. up 0.07% at 7,257.30.

In U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.25% at 35819.57. The S&P 500 up 0.20% at 4605.39 and the Nasdaq 100 down 0.02% at 15875.5, NYSE closes at 17016.40 down 0.35%.

In the Forex market, GBPUSD down 0.06% at 1.36742. The USDJPY up 0.28% at 114.302. The USDCHF up 0.18% at 0.91681. EURUSD down 0.05% at 1.1555, EUR/GBP up 0.19% at 0.84507. The USD/CNY up 0.06% at 6.4007 at the time of writing.

In the commodity market U.S. Gold futures flat at $1,782.71. Elsewhere, Silver futures down 0.28% to $23.80 per ounce, Platinum up 0.96% at $1028.37 per ounce, and Palladium down 0.52% at $1994.50.

Crude Oil mix on Monday; Brent crude oil down 0.29% at $83.38 per barrel while U.S. West Texas Intermediate (CLc1) is up 0.80% at $83.49.

In the Cryptocurrency Markets, BTCUSD at 60660.09 down 1.14%, Ethereum down 1.27% at 4234.17, Litecoin at 191.73 down 0.18%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY:

eBay Inc. up 5.952% at $76.72, Dexcom Inc. up 9.274% at $623.21, KLA Corp. up 4.902% to $372.76, Western Digital Corp. down 8.712% to $52.29, Starbucks Corp. down 6.299% to $106.07, MetLife Inc. down 3.784% at $62.80.