Daily Technical Analysis Report By Capital Street Fx

[CSFXNEWS]

TECHNICAL ANALYSIS REPORT TODAY – 20 MAY 2021​

Asia Pacific stocks were mostly down Thursday morning. The Shanghai composite is down 0.14% at 3,486.06. Overall, the Singapore MSCI up 0.43% at 352.75. Over in Hong Kong, the Hang Seng Index down 0.44% to 28,328. In Japan, the Nikkei 225 up 0.43% at 28,090, while the Topix index is up 0.29% at 1894.5. South Korea’s Kospi down 0.34% to 3162.28. Australia S&P/ASX 200 up 1.27% at 7019.6.
European equities Wednesday closing. The DAX futures contract in Germany traded 1.77% down at 15113.56, CAC 40 futures down 1.43% at 6262.56 and the UK 100 futures contract in the U.K. down 1.19% at 6,950.2.
In U.S. on Wall Street, the Dow Jones Industrial Average closed 0.48% down at 33896.04 the S&P 500 down 0.29% to 4115.68 and the Nasdaq 100 down 0.13% at 13207.7, NYSE closes at 16233.31 down 0.64%.
In the Forex market, GBPUSD up 0.08% at 1.41263. The USDJPY down 0.13% at 109.055. The USDCHF down 0.02% at 0.90347. EURUSD up 0.14% at 1.21865, EUR/GBP up 0.05% at 0.86250. The USD/CNY up 0.09% at 6.4404, at the time of writing.
In the commodity market U.S. Gold futures up 0.14% at $1,872.35. Elsewhere, Silver futures up 0.27% to $27.805 per ounce, Platinum up 1.53% at $1206.03 per ounce, and Palladium up 0.43% to $2,879.77.
Crude Oil mix on Thursday; Brent crude oil up 0.35% to $66.87 barrel while U.S. West Texas Intermediate (CLc1) is down 0.75% at $64.67.
In the Cryptocurrency Markets, BTCUSD at 40268.94 up 9.55%, Ethereum at 2689.41 up 9.97%, Litecoin at 208.47 up 11.78%, at the time of writing.
TOP STOCKS TO WATCH OUT TODAY:

Top 5 Stock
TARGET Corp. up 6.094% at $219.01, KLA Corp. up 3.409% at $303.94, TERADYNE Inc. up 3.065% to $122.41, TESLA Inc. down 2.494% to $563.46, EBAY Inc. down 2.447% to $59.79, STARBUCKS Corp. down 1.261% at $109.67.
Economic news:
US: A bipartisan group of 20 U.S. senators introduced legislation on Wednesday to provide the cash-strapped U.S. Postal Service (USPS) with $46 billion in financial relief over 10 years.
The U.S. House of Representatives Oversight and Reform Committee voted unanimously to approve companion legislation last week.
The legislation would eliminate a requirement that USPS pre-fund retiree health benefits for 75 years and would require postal employees to enroll in the Medicare government-retiree health plan. Instead, USPS would pay a small, yearly “top-up” payment to address actual annual retiree costs.
The agency has reported net losses of $86.7 billion since 2007. One reason is 2006 legislation mandating that it pre-fund more than $120 billion in retiree healthcare and pension liabilities, a requirement that labour unions have called an unfair burden not shared by other businesses.
Eurozone: Britain wants to use its independent post-Brexit tariff regime to help make domestic manufacturers more internationally competitive, launching a scheme for firms to apply for a suspension of tariffs on their imported manufacturing inputs.
Tariff suspensions are used to help a huge range of sectors like agriculture, microelectronics and chemicals, by lowering the cost of importing raw materials or other inputs where they are scarce or unavailable locally.
The scheme replaces an equivalent European Union (EU) programme which applied to Britain before it left the bloc and was temporarily rolled over when that exit was completed at the end of 2020. Under the EU scheme, suspensions had to be assessed by all member states.
Important Data: US Initial Jobless Claims today at 8:30 this time estimated 450K, previously which was 473K. CANADA New Housing Price Index (MoM) (Apr) today at 8:30 previously which was 1.1%. JAPAN National CPI (MoM) today at 19:30 previously which was 0.2%. JAPAN Services PMI today at 20:30 previously which was at 49.5.
TECHNICAL SUMMARY

 

[CSFXNEWS]

TECHNICAL ANALYSIS REPORT TODAY – 20 MAY 2021​

Asia Pacific stocks were mostly down Thursday morning. The Shanghai composite is down 0.14% at 3,486.06. Overall, the Singapore MSCI up 0.43% at 352.75. Over in Hong Kong, the Hang Seng Index down 0.44% to 28,328. In Japan, the Nikkei 225 up 0.43% at 28,090, while the Topix index is up 0.29% at 1894.5. South Korea’s Kospi down 0.34% to 3162.28. Australia S&P/ASX 200 up 1.27% at 7019.6.
European equities Wednesday closing. The DAX futures contract in Germany traded 1.77% down at 15113.56, CAC 40 futures down 1.43% at 6262.56 and the UK 100 futures contract in the U.K. down 1.19% at 6,950.2.
In U.S. on Wall Street, the Dow Jones Industrial Average closed 0.48% down at 33896.04 the S&P 500 down 0.29% to 4115.68 and the Nasdaq 100 down 0.13% at 13207.7, NYSE closes at 16233.31 down 0.64%.
In the Forex market, GBPUSD up 0.08% at 1.41263. The USDJPY down 0.13% at 109.055. The USDCHF down 0.02% at 0.90347. EURUSD up 0.14% at 1.21865, EUR/GBP up 0.05% at 0.86250. The USD/CNY up 0.09% at 6.4404, at the time of writing.
In the commodity market U.S. Gold futures up 0.14% at $1,872.35. Elsewhere, Silver futures up 0.27% to $27.805 per ounce, Platinum up 1.53% at $1206.03 per ounce, and Palladium up 0.43% to $2,879.77.
Crude Oil mix on Thursday; Brent crude oil up 0.35% to $66.87 barrel while U.S. West Texas Intermediate (CLc1) is down 0.75% at $64.67.
In the Cryptocurrency Markets, BTCUSD at 40268.94 up 9.55%, Ethereum at 2689.41 up 9.97%, Litecoin at 208.47 up 11.78%, at the time of writing.
TOP STOCKS TO WATCH OUT TODAY:

Top 5 Stock
TARGET Corp. up 6.094% at $219.01, KLA Corp. up 3.409% at $303.94, TERADYNE Inc. up 3.065% to $122.41, TESLA Inc. down 2.494% to $563.46, EBAY Inc. down 2.447% to $59.79, STARBUCKS Corp. down 1.261% at $109.67.
Economic news:
US: A bipartisan group of 20 U.S. senators introduced legislation on Wednesday to provide the cash-strapped U.S. Postal Service (USPS) with $46 billion in financial relief over 10 years.
The U.S. House of Representatives Oversight and Reform Committee voted unanimously to approve companion legislation last week.
The legislation would eliminate a requirement that USPS pre-fund retiree health benefits for 75 years and would require postal employees to enroll in the Medicare government-retiree health plan. Instead, USPS would pay a small, yearly “top-up” payment to address actual annual retiree costs.
The agency has reported net losses of $86.7 billion since 2007. One reason is 2006 legislation mandating that it pre-fund more than $120 billion in retiree healthcare and pension liabilities, a requirement that labour unions have called an unfair burden not shared by other businesses.
Eurozone: Britain wants to use its independent post-Brexit tariff regime to help make domestic manufacturers more internationally competitive, launching a scheme for firms to apply for a suspension of tariffs on their imported manufacturing inputs.
Tariff suspensions are used to help a huge range of sectors like agriculture, microelectronics and chemicals, by lowering the cost of importing raw materials or other inputs where they are scarce or unavailable locally.
The scheme replaces an equivalent European Union (EU) programme which applied to Britain before it left the bloc and was temporarily rolled over when that exit was completed at the end of 2020. Under the EU scheme, suspensions had to be assessed by all member states.
Important Data: US Initial Jobless Claims today at 8:30 this time estimated 450K, previously which was 473K. CANADA New Housing Price Index (MoM) (Apr) today at 8:30 previously which was 1.1%. JAPAN National CPI (MoM) today at 19:30 previously which was 0.2%. JAPAN Services PMI today at 20:30 previously which was at 49.5.
TECHNICAL SUMMARY

 

[CSFXNEWS]

TECHNICAL ANALYSIS REPORT TODAY – 25 MAY 2021​

Asian shares climbed in morning trade on Tuesday. The Shanghai composite is up 2.26% at 3,576.22. Overall, the Singapore MSCI up 0.39% at 356.75. Over in Hong Kong, the Hang Seng Index down 1.64% to 28,784. In Japan, the Nikkei 225 up 0.67% at 28,530, while the Topix index is up 0.31% at 1918.0. South Korea’s Kospi up 0.79% to 3169.21. Australia S&P/ASX 200 up 0.84% at 7105.0.
European equities Monday closing. The DAX futures contract in Germany traded 0.44% up at 15437.51, CAC 40 futures up 0.35% at 6408.49 and the UK 100 futures contract in the U.K. up 0.48% at 7,051.5.
In U.S. on Wall Street, the Dow Jones Industrial Average closed 0.01% up at 34393.99 the S&P 500 up 0.99% to 4197.06 and the Nasdaq 100 up 0.53% at 13729.0, NYSE closes at 16464.69 up 0.55%.
In the Forex market, GBPUSD up 0.20% at 1.41831. The USDJPY up 0.02% at 108.749. The USDCHF down 0.05% at 0.89624. EURUSD up 0.14% at 1.22313, EUR/GBP down 0.05% at 0.86221. The USD/CNY down 0.17% at 6.4081, at the time of writing.
In the commodity market U.S. Gold futures down 0.17% at $1,877.31. Elsewhere, Silver futures down 0.68% to $27.57 per ounce, Platinum flat at $1173.00 per ounce, and Palladium up 0.48% to $2,739.5.
Crude Oil up on Tuesday; Brent crude oil up 0.41% to $68.66 barrel while U.S. West Texas Intermediate (CLc1) is up 0.34% at $64.87.
In the Cryptocurrency Markets, BTCUSD at 38562.53 down 0.77%, Ethereum at 2634.18 down 0.66%, Litecoin at 182.35 down 1.63%, at the time of writing.
TOP STOCKS TO WATCH OUT TODAY:

Top 5 Stock
Twitter Inc. up 4.793% at $57.06, Tesla Inc. up 4.4% at $606.44, NVIDIA Corp. up 4.137% to $624.48, Carmax Inc. down 2.4% to $113.88, Biogen Inc. down 1.529% to $278.86, Amgen Inc. down 1.299% at $247.75.
Economic news:
US: U.S. Treasury Deputy Secretary Wally Adeyemo said he expects strong backing from G7 peers for Washington’s proposed 15%-plus global minimum corporate tax, which should help solidify support in the U.S. Congress for domestic corporate tax legislation.
“My sense is that you’re going to see a lot of unified support amongst the G7 moving forward,” Adeyemo told Reuters on Monday after France, Germany, Italy and Japan made positive comments about the Treasury’s proposal.
That support may be voiced at an in-person meeting of G7 finance ministers in London on June 4-5, Adeyemo said.
Optimism about a long-sought comprehensive deal for how to tax the largest multinationals and digital services companies has increased since the Treasury last week said it would accept a global minimum tax rate of 15% or higher.
Eurozone: European Union leaders agreed on Monday to impose more sanctions on Belarus, including economic ones, called on their airlines to avoid Belarusian airspace and authorised work to ban Belarusian airlines from European skies and airports.
Meeting in Brussels, the 27 national leaders of the bloc demanded an immediate release of dissident journalist Roman Protasevich, as well as an investigation by the International Organization for Civilian Aviation into a Sunday incident during which Belarus forced a Ryanair flight to land in Minsk.
“We are closing our airspace to planes from Belarus and call on EU airlines not to fly over the country,” said the head of the bloc’s executive, European Commission President Ursula von der Leyen. “Further economic sanctions will be presented soon.”
The EU currently has a travel ban and an asset freeze in place on 88 Belarusians, including Alexander Lukashenko, and 7 companies, over Minsk’s crackdown on protests following a contested presidential election last year.
Important Data: CANADA Manufacturing Sales (MoM) today at 8:30 previously which was 3.5%. US Manufacturing Sales (MoM) today at 10:00 this time estimated 970K, previously which was 1,021K. US API Weekly Crude Oil Stock today at 16:30 previously which was 0.62M. New Zealand Trade Balance (YoY) (Apr) today at 18:45 previously which was at 1,690M.
TECHNICAL SUMMARY
GBPUSD

TRADE SUGGESTION- BUY AT 1.41891, TAKE PROFIT AT 1.42003 AND STOP LOSS AT 1.41757
EURUSD

TRADE SUGGESTION- BUY AT 1.22456, TAKE PROFIT AT 1.22623 AND STOP LOSS AT 1.22314
EURGBP

TRADE SUGGESTION- BUY AT 0.86244, TAKE PROFIT AT 0.86401 AND STOP LOSS AT 0.86064
GBPJPY

TRADE SUGGESTION- BUY AT 154.254, TAKE PROFIT AT 154.781 AND STOP LOSS AT 153.906
DJ EURO STOXX 50

TRADE SUGGESTION- BUY AT 4046.00 TAKE PROFIT AT 4050.0 AND STOP LOSS AT 4045.0
WTI CRUDE OIL

TRADE SUGGESTION- BUY AT 65.92 TAKE PROFIT AT 66.56 AND STOP LOSS AT 65.40
GOLD

TRADE SUGGESTION- BUY AT 1885.65, TAKE PROFIT AT 1890.15 AND STOP AT 1880.56
LITECOIN USD

TRADE SUGGESTION- BUY AT 186.91 TAKE PROFIT AT 207.11 AND STOP AT 174.58

 

[CSFXNEWS]

TECHNICAL ANALYSIS REPORT TODAY – 26 MAY 2021​

Asian shares rose on Wednesday. The Shanghai composite is up 0.31% at 3,592.26. Overall, the Singapore MSCI down 0.62% at 354.90. Over in Hong Kong, the Hang Seng Index up 0.83% to 29,134. In Japan, the Nikkei 225 up 0.21% at 28,660, while the Topix index is down 0.03% at 1921.5. South Korea’s Kospi down 0.19% to 3165.28. Australia S&P/ASX 200 down 0.11% at 7107.3.
European equities Tuesday closing. The DAX futures contract in Germany traded 0.18% up at 15465.09, CAC 40 futures down 0.28% at 6390.27 and the UK 100 futures contract in the U.K. up 0.30% at 7,032.6.
In U.S. on Wall Street, the Dow Jones Industrial Average closed flat at 34312.46 the S&P 500 down 0.21% to 4188.12 and the Nasdaq 100 up 0.14% at 13694.4, NYSE closes at 16390.19 down 0.45%.
In the Forex market, GBPUSD up 0.05% at 1.41523. The USDJPY up 0.07% at 108.814. The USDCHF up 0.08% at 0.89537. EURUSD down 0.02% at 1.22466, EUR/GBP down 0.02% at 0.86523. The USD/CNY down 0.22% at 6.3966, at the time of writing.
In the commodity market U.S. Gold futures up 0.17% at $1,901.26. Elsewhere, Silver futures up 0.28% to $28.03 per ounce, Platinum up 0.99% at $1202.75 per ounce, and Palladium up 0.85% to $2,794.14.
Crude Oil up on Wednesday; Brent crude oil up 0.23% to $68.74 barrel while U.S. West Texas Intermediate (CLc1) is up 2.28% at $66.35.
In the Cryptocurrency Markets, BTCUSD at 39845.99 up 3.77%, Ethereum at 2848.17 up 5.39%, Litecoin at 197.96 up 7.72%, at the time of writing.
TOP STOCKS TO WATCH OUT TODAY:

Top 5 Stock
CARNIVAL Corp. up 2.437% at $28.58, BAIDU Inc. up 2.016% at $192.77, WORKDAY Inc. up 1.098% to $236.57, ADOBE Inc. up 1.456% to $505.08, BIOGEN Inc. down 1.94% to $273.45, SEAGEN Inc. down 1.939% at $150.69.
Economic news:
US: U.S. companies borrowed $9.8 billion for capital investments in April, up 19% from a year earlier, benefiting from an economic recovery triggered by mass COVID-19 vaccinations and easing restrictions, the Equipment Leasing and Finance Association (ELFA) said.
Borrowing in April rose 5% from the previous month, as companies across several sectors lined up for loans, leases and lines of credit.
“An increasing number of businesses are opening up, as more Americans are receiving a vaccination, traveling and otherwise trying to return to some semblance of normalcy,” ELFA Chief Executive Officer Ralph Petta said on Tuesday.
“What we see so far in terms of capital equipment investment is indeed encouraging as we head into the summer months.”
Eurozone: The European Central Bank should not reduce the pace of asset purchases after its June 10 meeting as the economic recovery is still in an early phase and inflation remains too low, ECB board member Fabio Panetta told Nikkei.
“The conditions that we see today do not justify reducing the pace of purchases, and a discussion about phasing out the PEPP is still clearly premature,” Panetta said in an interview.
The 1.85 trillion-euro ($2.27 trillion) Pandemic Emergency Purchase Programme (PEPP) should first neutralise the effects of the pandemic on inflation then needs to ensure that price pressures become more sustainable, Panetta added.
Important Data: US Crude Oil Inventories today at 10:30 this time estimated
-1.050M, previously which was 1.321M. US Private New Capital Expenditure (QoQ) (Q1) today at 21:30 this time estimated 2.0%, previously which was 3.0%. US Cushing Crude Oil Inventories today at 10:30 previously which was -0.142M. CANADA BoC Gov Council Member Lane Speaks today at 13:00.
TECHNICAL SUMMARY
GBPUSD

TRADE SUGGESTION- BUY AT 1.41503, TAKE PROFIT AT 1.41676 AND STOP LOSS AT 1.41425
EURUSD

TRADE SUGGESTION- BUY AT 1.22411, TAKE PROFIT AT 1.22531 AND STOP LOSS AT 1.22361
CHFJPY

TRADE SUGGESTION- BUY AT 121.610, TAKE PROFIT AT 121.647 AND STOP LOSS AT 121.607
GBPCAD

TRADE SUGGESTION- SELL AT 1.70536, TAKE PROFIT AT 1.70425 AND STOP LOSS AT 1.70724
CAC 40

TRADE SUGGESTION- BUY AT 6401.8 TAKE PROFIT AT 6417.7 AND STOP LOSS AT 6393.3
WTI CRUDE OIL

TRADE SUGGESTION- BUY AT 66.31 TAKE PROFIT AT 66.48 AND STOP LOSS AT 66.09
GOLD

TRADE SUGGESTION- BUY AT 1905.58, TAKE PROFIT AT 1913.98 AND STOP AT 1900.38
ETHEREUM

TRADE SUGGESTION- BUY AT 2878.22 TAKE PROFIT AT 2919.69 AND STOP AT 2845.49

 

[CSFXNEWS]

TECHNICAL ANALYSIS REPORT TODAY – 01 JUNE 2021​

Asia Pacific stocks were mostly up Tuesday morning. The Shanghai composite is up 0.19% at 3,622.32. Overall, the Singapore MSCI up 0.26% at 360.50. Over in Hong Kong, the Hang Seng Index up 0.96% to 29,235. In Japan, the Nikkei 225 down 0.72% at 28,760, while the Topix index is down 0.44% at 1920.0. South Korea’s Kospi up 0.56% to 3221.87. Australia S&P/ASX 200 down 0.27% at 7142.6.
European equities Monday closing. The DAX futures contract in Germany traded 0.64% down at 15421.38, CAC 40 futures down 0.57% at 6447.18 and the UK 100 futures contract in the U.K. up 0.44% at 7,022.71.
In U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.21% at 34535.91 the S&P 500 up 0.08% to 4204.12 and the Nasdaq 100 up 0.23% at 13709.3, NYSE closes at 16555.65 up 0.14%.
In the Forex market, GBPUSD up 0.17% at 1.42292. The USDJPY down 0.06% at 109.45. The USDCHF up 0.03% at 0.89873. EURUSD up 0.05% at 1.22306, EUR/GBP down 0.01% at 0.85953. The USD/CNY up 0.01% at 6.3706, at the time of writing.
In the commodity market U.S. Gold futures up 0.42% at $1,914.90. Elsewhere, Silver futures up 1.18% to $28.353per ounce, Platinum up 0.47% at $1192.54 per ounce, and Palladium up 0.97% to $2,860.00.
Crude Oil mix on Tuesday; Brent crude oil up 1.22% to $70.28 barrel while U.S. West Texas Intermediate (CLc1) is down 0.66% at $66.61.
In the Cryptocurrency Markets, BTCUSD at 36764.48 down 1.55%, Ethereum at 2645.03 down 2.30%, Litecoin at 183.58 down 2.51%, at the time of writing.
TOP STOCKS TO WATCH OUT TODAY:

Top 5 Stock
NVIDIA Corp. up 4.884% at $649.78, EBAY Inc. up 2.613% at $60.88, HP Inc. down 8.941% to $29.23, GAP Inc. down 4.836% to $33.45, ZOOM VIDEO Comm. up 1.562% to $331.53, DOLLAR TREE Inc. down 2.607% at $97.50.
Economic news:
US: U.S. Customs and Border Protection on Friday imposed a new import ban on seafood from a Chinese fishing fleet that the agency says is using forced labor on its 32 vessels, including abuses against many Indonesian workers.
The CBP said it will immediately detain tuna, swordfish and other products from the Dalian Ocean Fishing Co Ltd at U.S. ports of entry. The “withhold release order” banning the imports also applies to other end-use products containing seafood from the company, such as canned tuna and pet food, a CBP official said.
Department of Homeland Security Secretary Alejandro Mayorkas said the action marks the first time the CBP has banned imports from an entire fishing fleet, as opposed to the individual vessels targeted in the past.
“DHS will continue to aggressively investigate the use of forced labor by distant water fishing vessels, and by a wide range of other industries,” Mayorkas told a news briefing. “Producers and U.S. importers alike should understand that there will be consequences for entities that attempt to exploit workers to sell goods in the United States.”
Eurozone: The European Union (EU) is set to unveil plans for a bloc-wide digital wallet on Wednesday, following requests from member states to find a safe way for citizens to access public and private services online, the Financial Times reported.
The app will allow citizens across the EU to securely access a range of private and public services with a single online ID, according to the FT report on Tuesday.
The digital wallet will securely store payment details and passwords and allow citizens from all 27 countries to log onto local government websites or pay utility bills using a single recognised identity, the newspaper said, citing people with direct knowledge of the plans.
The EU-wide app can be accessed via fingerprint or retina scanning among other methods, and will also serve as a vault where users can store official documents like the driver’s licence, the newspaper reported.
Important Data: German Manufacturing PMI (May) today at 3:55 this time estimated 64.0, previously which was 66.2. UK Manufacturing PMI (May) today at 4:30 this time estimated 66.1, previously which was 66.1. EURO ZONE CPI (YoY) (May) today at 5:00 this time estimated 1.9%, previously which was 1.6%. AUSTRALIA GDP (QoQ) (Q1) today at 21:30 previously which was 3.1%.
TECHNICAL SUMMARY
GBPUSD

TRADE SUGGESTION- BUY AT 1.42245, TAKE PROFIT AT 1.42854 AND STOP LOSS AT 1.41625
EURUSD

TRADE SUGGESTION- BUY AT 1.22265, TAKE PROFIT AT 1.22382 AND STOP LOSS AT 1.22186
EURGBP

TRADE SUGGESTION- SELL AT 0.85884, TAKE PROFIT AT 0.85732 AND STOP LOSS AT 0.86041
EURJPY

TRADE SUGGESTION- BUY AT 133.865, TAKE PROFIT AT 133.956 AND STOP LOSS AT 133.806
DAX 30

TRADE SUGGESTION- BUY AT 15533.5 TAKE PROFIT AT 15546.3 AND STOP LOSS AT 15515.3
WTI CRUDE OIL

TRADE SUGGESTION- BUY AT 67.76 TAKE PROFIT AT 68.51 AND STOP LOSS AT 66.27
GOLD

TRADE SUGGESTION- BUY AT 1913.82, TAKE PROFIT AT 1914.63 AND STOP AT 1913.00
LITECOINUSD

TRADE SUGGESTION- SELL AT 182.55 TAKE PROFIT AT 176.37 AND STOP AT 189.02

 

[CSFXNEWS]

TECHNICAL ANALYSIS REPORT TODAY – 02 JUNE 2021​

Asia Pacific stocks were mostly up Wednesday morning. The Shanghai composite is down 1.07% at 3,586.06. Overall, the Singapore MSCI down 1.24% at 358.15. Over in Hong Kong, the Hang Seng Index down 0.53% to 29,192. In Japan, the Nikkei 225 up 0.66% at 28,950, while the Topix index is up 1.15% at 1942.0. South Korea’s Kospi up 0.01% to 3220.89. Australia S&P/ASX 200 up 0.99% at 7213.3.
European equities Tuesday closing. The DAX futures contract in Germany traded 0.95% up at 15567.36, CAC 40 futures up 0.66% at 6489.41 and the UK 100 futures contract in the U.K. up 0.11% at 7,083.50.
In U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.01% at 34575.32 the S&P 500 down 0.05% to 4202.03 and the Nasdaq 100 down 0.05% at 13645.6, NYSE closes at 16643.32 up 0.53%.
In the Forex market, GBPUSD up 0.06% at 1.41542. The USDJPY up 0.24% at 109.73. The USDCHF up 0.07% at 0.89773. EURUSD down 0.01% at 1.22118, EUR/GBP flat at 0.86285. The USD/CNY up 0.08% at 6.3869, at the time of writing.
In the commodity market U.S. Gold futures down 0.09% at $1,898.20. Elsewhere, Silver futures down 0.39% to $27.757 per ounce, Platinum down 0.71% at $1186.13 per ounce, and Palladium down 0.51% to $2,846.00.
Crude Oil mix on Wednesday; Brent crude oil down 0.11% to $70.52 barrel while U.S. West Texas Intermediate (CLc1) is up 1.83% at $67.83.
In the Cryptocurrency Markets, BTCUSD at 36845.25 up 0.41%, Ethereum at 2645.00 up 0.41%, Litecoin at 183.03 up 0.09%, at the time of writing.
TOP STOCKS TO WATCH OUT TODAY:

Top 5 Stock
HESS Corp. up 4.713% at $87.77, NUCOR Corp. up 7.997% at $110.74, INVESCO Ltd. down 4.697% to $27.19, EBAY Inc. up 0.805% to $61.37, BAIDU Inc. up 2.828% to $201.82, ADOBE Inc. down 1.718% at $495.91.
Economic news:
US: The U.S. Securities and Exchange Commission (SEC) chair said on Tuesday the agency will review shareholder voting rule changes adopted under the administration of former President Donald Trump that have faced criticism for weakening investor power.
Gary Gensler, appointed by Democratic U.S. President Joe Biden, said the regulator would consider drafting a new proposal for overseeing proxy advisers – firms that recommend to investors on how to vote in corporate elections and cast ballots on behalf of some asset managers.
As proxy advisers have grown more influential on hot button corporate governance issues such as climate change, compensation and diversity in recent years, corporate lobbyists have pushed for greater oversight of the firms.
In August 2019, the SEC issued guidance requiring proxy voting firms take more steps to disclose how they craft their shareholder recommendations. The agency also outlined steps that the firms should consider to ensure they are actually voting the way investors designate.
Eurozone: The European Commission is set to borrow about 80 billion euros ($97.76 billion) this year in long-term bonds to finance the European Union’s plan for economic revival after the pandemic, the EU executive said in a statement on Tuesday.
The Commission said the borrowing, to begin later in June, would be topped up with tens of billions of euros of short-term EU-Bills to cover the remaining financing requirements, adding it would update its funding plan in September.
“The Commission will be able to fund, over the second half of the year, all planned grants and loans to member states under the Recovery and Resilience Facility, as well as cover the needs of the EU policies that receive NextGenerationEU funding,” the Commission said in a statement.
The money is the first part of the EU’s landmark scheme of 800 billion euros, in current prices, that is be distributed to all 27 governments of the bloc in grants and loans.
To get its share of the cash, each government has to submit to the Commission a plan of reforms and investment that will focus on making the economy greener and more digital and boosting its resilience to future health crises.
Important Data: US API Weekly Crude Oil Stock today at 16:30 previously which was -0.439M. JAPAN Services PMI (May) today at 20:30 previously which was 49.5. AUSTRALIA Retail Sales (MoM) (Apr) today at 21:30 this time estimated 1.1%, previously which was 1.1%. UK BoE Gov Bailey Speaks today at 11:00.
TECHNICAL SUMMARY
GBPUSD

TRADE SUGGESTION- SELL AT 1.41383, TAKE PROFIT AT 1.41263 AND STOP LOSS AT 1.41484
EURUSD

TRADE SUGGESTION- SELL AT 1.22035, TAKE PROFIT AT 1.21779 AND STOP LOSS AT 1.22324
GBPJPY

TRADE SUGGESTION- BUY AT 155.216, TAKE PROFIT AT 155.316 AND STOP LOSS AT 154.771
CHFJPY

TRADE SUGGESTION- BUY AT 122.185, TAKE PROFIT AT 122.227 AND STOP LOSS AT 122.152
CAC 40

TRADE SUGGESTION- BUY AT 6485.1 TAKE PROFIT AT 6501.6 AND STOP LOSS AT 6480.2
WTI CRUDE OIL

TRADE SUGGESTION- BUY AT 67.81 TAKE PROFIT AT 67.98 AND STOP LOSS AT 67.75
GOLD

TRADE SUGGESTION- BUY AT 1899.65, TAKE PROFIT AT 1902.30 AND STOP AT 1895.66
ETHEREUM

TRADE SUGGESTION- SELL AT 2700.52 TAKE PROFIT AT 2692.82 AND STOP AT 2749.45

 

[CSFXNEWS]

TECHNICAL ANALYSIS REPORT TODAY – 03 JUNE 2021​

Asia Pacific stocks were mostly up Thursday morning. The Shanghai composite is down 0.06% at 3,593.55. Overall, the Singapore MSCI up 0.25% at 359.65. Over in Hong Kong, the Hang Seng Index down 0.39% to 29,012. In Japan, the Nikkei 225 up 0.48% at 29,070, while the Topix index is up 0.93% at 1958.5. South Korea’s Kospi up 0.84% to 3251.39. Australia S&P/ASX 200 up 0.58% at 7260.0.
European equities Wednesday closing. The DAX futures contract in Germany traded 0.23% up at 15602.71, CAC 40 futures up 0.49% at 6521.33 and the UK 100 futures contract in the U.K. up 0.39% at 7,108.01.
In U.S. on Wall Street, the Dow Jones Industrial Average closed flat at 34600.38 the S&P 500 down 0.14% to 4208.11 and the Nasdaq 100 up 0.07% at 13691.5, NYSE closes at 16673.96 up 0.18%.
In the Forex market, GBPUSD down 0.13% at 1.41495. The USDJPY up 0.25% at 109.795. The USDCHF up 0.18% at 0.89929. EURUSD down 0.14% at 1.2195, EUR/GBP up 0.02% at 0.86157. The USD/CNY up 0.16% at 6.3908, at the time of writing.
In the commodity market U.S. Gold futures down 0.56% at $1,897.31. Elsewhere, Silver futures down 1.01% to $27.845per ounce, Platinum down 0.53% at $1184.81 per ounce, and Palladium down 0.16% to $2,852.00.
Crude Oil up on Thursday; Brent crude oil up 0.80% to $71.76 barrel while U.S. West Texas Intermediate (CLc1) is up 1.34% at $68.74.
In the Cryptocurrency Markets, BTCUSD at 38727.34 up 3.06%, Ethereum at 2810.35 up 3.79%, Litecoin at 191.52 up 2.29%, at the time of writing.
TOP STOCKS TO WATCH OUT TODAY:

Top 5 Stock
ETSY Inc. up 7.146% at $175.14, INVESCO Ltd. up 4.744% at $28.48, EBAY Inc. up 3.324% to $63.41, TESLA Inc. down 3.01% to $605.12, MODERNA Inc. up 3.758% to $191.60, BAIDU Inc. down 1.967% at $197.85.
Economic news:
US: The G7 wealthy democracies are expected to endorse Washington’s proposal for an ambitious global corporate minimum tax when their leaders meet later this week in Britain, a U.S. Treasury official said on Wednesday.
The official said in an emailed statement that the Treasury expects the meetings of the Group of Seven finance ministers on Friday and Saturday in London to provide momentum for advancing global corporate tax negotiations toward a broader G20 finance meeting in July in Italy.
A full endorsement is expected at the culmination of the G7 meetings with the leaders’ summit, the official added.
The U.S. Treasury in May proposed a global minimum corporate tax of at least 15% to try to end a downward spiral of corporate tax rates and deter multinational firms from shifting profits to tax-haven countries.
The proposed minimum is lower than the Biden administration’s own proposals to raise the domestic corporate tax rate to 28% and impose a 21% minimum levy on overseas profits earned by U.S. companies.
Eurozone: The European Central Bank will not change the total size of its asset purchase programme at its June 10 meeting but will start tapering its pandemic purchases later this year, according to a Reuters poll which also showed inflation risks to the upside.
With an economic recovery underway and price pressures rising, calls for winding down the emergency purchases have increased in recent weeks. But several ECB members have said a decision to reduce purchases at the June 10 policy meeting was unlikely.
Nearly 90% of economists, or 34 of 39, in response to an additional question in the May 28-June 2 Reuters poll said the ECB would leave the 1.85 trillion euros worth of asset buys under its Pandemic Emergency Purchase Programme (PEPP) unchanged at its June meeting.
“As the recovery starts to gather speed, the ECB continues to walk a fine line between preserving favourable financial conditions and starting to unwind some of the emergency support measures unveiled during the pandemic,” said Angel Talavera, head of Europe economics at Oxford Economics.
Important Data: UK Composite PMI (May) today at 4:30 this time estimated 62.0, previously which was 62.0. US ADP Nonfarm Employment Change (May) today at 8:15 this time estimated 650K, previously which was 742K. AUSTRALIA Home Loans (MoM) today at 21:30 previously which was 3.3%. JAPAN Household Spending (MoM) (Apr) today at 19:30 this time estimated -2.2%, previously which was 7.2%.
TECHNICAL SUMMARY
GBPUSD

TRADE SUGGESTION- BUY AT 1.41496, TAKE PROFIT AT 1.41502 AND STOP LOSS AT 1.41490
EURUSD

TRADE SUGGESTION- BUY AT 1.21840, TAKE PROFIT AT 1.22 AND STOP LOSS AT 1.21762
USDJPY

TRADE SUGGESTION- BUY AT 109.751, TAKE PROFIT AT 109.934 AND STOP LOSS AT 109.674
USDCHF

TRADE SUGGESTION- BUY AT 0.8999, TAKE PROFIT AT 0.90175 AND STOP LOSS AT 0.89845
DJ EURO STOXX 50

TRADE SUGGESTION- BUY AT 4078 TAKE PROFIT AT 4096 AND STOP LOSS AT 4075
WTI CRUDE OIL

TRADE SUGGESTION- BUY AT 69.08 TAKE PROFIT AT 69.35 AND STOP LOSS AT 69.00
GOLD

TRADE SUGGESTION- BUY AT 1897.35, TAKE PROFIT AT 1900.05 AND STOP AT 1894.25
LITECOIN USD

TRADE SUGGESTION- BUY AT 191.763 TAKE PROFIT AT 198.41 AND STOP AT 185.18

 

[CSFXNEWS]

TECHNICAL ANALYSIS REPORT TODAY – 04 JUNE 2021​

Asia Pacific stocks were mostly down Friday morning. The Shanghai composite is up 0.34% at 3,596.52. Overall, the Singapore MSCI down 0.47% at 357.55. Over in Hong Kong, the Hang Seng Index down 0.15% to 28,817. In Japan, the Nikkei 225 down 0.38% at 28,960, while the Topix index is down 0.13% at 1956.5. South Korea’s Kospi down 0.27% to 3237.40. Australia S&P/ASX 200 up 0.49% at 7295.9.
European equities Thursday closing. The DAX futures contract in Germany traded 0.19% up at 15632.67, CAC 40 futures down 0.21% at 6507.93 and the UK 100 futures contract in the U.K. down 0.61% at 7,064.36.
In U.S. on Wall Street, the Dow Jones Industrial Average closed flat at 34577.04 the S&P 500 down 0.36% to 4192.86 and the Nasdaq 100 down 0.19% at 13504.9, NYSE closes at 16632.33 down 0.25%.
In the Forex market, GBPUSD down 0.11% at 1.40854. The USDJPY up 0.01% at 110.262. The USDCHF up 0.17% at 0.90493. EURUSD down 0.15% at 1.21079, EUR/GBP flat at 0.85942. The USD/CNY up 0.05% at 6.4071, at the time of writing.
In the commodity market U.S. Gold futures down 0.12% at $1,869.11. Elsewhere, Silver futures down 0.28% to $27.337 per ounce, Platinum down 0.86% at $1151.00 per ounce, and Palladium down 0.65% to $2,818.00.
Crude Oil mix on Friday; Brent crude oil up 0.24% to $71.36 barrel while U.S. West Texas Intermediate (CLc1) is down 0.03% at $68.81.
In the Cryptocurrency Markets, BTCUSD at 36902.04 down 5.91%, Ethereum at 2670.33 down 6.51%, Litecoin at 176.63 down 8.46%, at the time of writing.
TOP STOCKS TO WATCH OUT TODAY:

Top 5 Stock
FORD MOTOR Co. up 7.244% at $15.99, GENERAL MOTOR Co. up 6.387% at $63.46, ETSY Inc. down 5.367% to $165.74, TESLA Inc. down 5.335% to $572.84, BIOGEN Inc. up 1.188% to $272.55, EBAY Inc. up 1.041% at $64.07.
Economic news:
US: U.S. job growth likely accelerated in May as vaccinations eased the pandemic’s grip on the economy, but companies faced difficulties hiring, with millions of unemployed Americans at home because of childcare problems and generous unemployment checks, leaving open the chance for another letdown in job creation.
The Labor Department’s closely watched employment report on Friday could offer assurance that the recovery from the pandemic recession was on track after worker shortages also blamed on lingering fears over COVID-19 sharply restrained employment growth in April, which delivered roughly a quarter of the new jobs economists had forecast.
Slower hiring stirred debate among some economists that growth was stagnating at a time when inflation was rising.
“With the reopening of the economy, we should be seeing very strong job growth,” said Ryan Sweet, a senior economist at Moody’s (NYSE:MCO) Analytics in West Chester, Pennsylvania. “The supply constraints are problematic, but it doesn’t mean that’s going to prevent the economy from continuing to recover. The U.S. is not experiencing stagflation and it won’t over the next few years.”
According to a Reuters survey of economists, nonfarm payrolls likely increased by 650,000 jobs last month after rising only 266,000 in April. That would leave employment about 7.6 million jobs below its peak in February 2020.
Eurozone: British finance minister Rishi Sunak said he was very hopeful that a meeting of G7 finance ministers in London on Friday and Saturday would reach a concrete agreement on taxing large tech companies and other goals.
The gathering will be the first-time finance ministers from the United States, Japan, Germany, Britain, France, Italy and Canada will meet face-to-face since the start of the coronavirus pandemic.
“I’m determined we work together and unite to tackle the world’s most pressing economic challenges – and I’m hugely optimistic that we will deliver some concrete outcomes this weekend,” Sunak said in a statement late on Thursday.
The United States has proposed a global minimum corporate tax rate of at least 15% to stop multinational companies from benefiting from tax havens.
But Britain and other European countries want to ensure that increased tax revenue is paid where the businesses operate, not just where they declare profits.
Important Data: UK Construction PMI (May) today at 4:30 this time estimated 62.3, previously which was 61.6. US Nonfarm Payrolls (May) today at 8:30 this time estimated 650K, previously which was 266K. CANADA Employment Change (May) today at 21:30 this time estimated -20K, previously which was -207.1K. RUSSIA GDP Monthly (YoY) (Apr) today at 19:28 previously which was 0.5%.
TECHNICAL SUMMARY
GBPUSD

TRADE SUGGESTION- SELL AT 1.40901, TAKE PROFIT AT 1.40722 AND STOP LOSS AT 1.41061
EURUSD

TRADE SUGGESTION- SELL AT 1.21017, TAKE PROFIT AT 1.20855 AND STOP LOSS AT 1.21222
EURGBP

TRADE SUGGESTION- SELL AT 0.85881, TAKE PROFIT AT 0.85784 AND STOP LOSS AT 0.85995
EURJPY

TRADE SUGGESTION- BUY AT 133.464, TAKE PROFIT AT 133.496 AND STOP LOSS AT 133.456
FTSE 100

TRADE SUGGESTION- BUY AT 7061.6 TAKE PROFIT AT 7090 AND STOP LOSS AT 7037.9
WTI CRUDE OIL

TRADE SUGGESTION- BUY AT 68.89 TAKE PROFIT AT 69.18 AND STOP LOSS AT 68.66
GOLD

TRADE SUGGESTION- SELL AT 1872.87, TAKE PROFIT AT 1864.63 AND STOP AT 1879.53
BTC USD

TRADE SUGGESTION- SELL AT 36636.62 TAKE PROFIT AT 35829.32 AND STOP AT 37244.99

 

[CSFXNEWS]

TECHNICAL ANALYSIS REPORT TODAY – 07 JUNE 2021​

Asian shares turned sluggish on Monday. The Shanghai composite is down 0.05% at 3,589.65. Overall, the Singapore MSCI up 1.13% at 361.00. Over in Hong Kong, the Hang Seng Index down 0.45% to 28,677. In Japan, the Nikkei 225 up 0.37% at 29,040, while the Topix index is up 0.33% at 1960.5. South Korea’s Kospi up 0.28% to 3248.74. Australia S&P/ASX 200 down 0.08% at 7289.7.
European equities Friday closing. The DAX futures contract in Germany traded 0.39% up at 15692.90, CAC 40 futures up 0.12% at 6515.67 and the UK 100 futures contract in the U.K. down 0.11% at 7,070.40.
In U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.01% at 34756.40 the S&P 500 up 0.88% to 4229.88 and the Nasdaq 100 up 1.78% at 13770.77, NYSE closes at 16708.74 up 0.46%.
In the Forex market, GBPUSD down 0.06% at 1.41424. The USDJPY up 0.01% at 109.494. The USDCHF up 0.04% at 0.89938. EURUSD down 0.04% at 1.21621, EUR/GBP up 0.18% at 0.85995. The USD/CNY up 0.10% at 6.4010, at the time of writing.
In the commodity market U.S. Gold futures down 0.23% at $1,885.89. Elsewhere, Silver futures down 0.76% to $27.579 per ounce, Platinum up 0.43% at $1166.87 per ounce, and Palladium down 0.21% to $2,839.03.
Crude Oil mix on Monday; Brent crude oil down 0.49% to $71.25 barrel while U.S. West Texas Intermediate (CLc1) is up 0.89% at $69.35.
In the Cryptocurrency Markets, BTCUSD at 36407.74 up 1.61%, Ethereum at 2791.38 up 2.98%, Litecoin at 180.14 up 2.25%, at the time of writing.
TOP STOCKS TO WATCH OUT TODAY:

Top 5 Stock
BIOGEN Inc. up 4.986% at $286.14, AUTO DESK Inc. up 3.756% at $284.78, TWITTER Inc. up 3.491% to $59.00, INTEL Corp. up 2.009% to $57.37, 3M Co. up 1.169% to $206.05, TESLA Inc. up 4.575% at $599.05.
Economic news:
US: U.S. Treasury Secretary Janet Yellen said that President Joe Biden’s $4 trillion spending plan would be good for the U.S., even if it contributes to rising inflation and results in higher interest rates, Bloomberg News reported.
“If we ended up with a slightly higher interest rate environment it would actually be a plus for society’s point of view and the Fed’s point of view,” Yellen said in an interview with the outlet on Sunday.
“We’ve been fighting inflation that’s too low and interest rates that are too low now for a decade,” the report quoted Yellen as saying.
“We want them to go back to” a normal interest rate environment, “and if this helps a little bit to alleviate things then that’s not a bad thing- that’s a good thing,” Yellen added.
Eurozone: Britain is enjoying a strong economic bounce-back as COVID restrictions lift, though pubs and restaurants are recovering faster than town-centre retail, Bank of England Deputy Governor Jon Cunliffe said on Friday.
“What we’re seeing is a strong bounce back of activity,” Cunliffe told BBC Radio Suffolk after speaking to businesses in that region of eastern England.
“People have accumulated a lot of savings, they’re going out and they’re spending, particularly in those areas we couldn’t go out in the last year or so,” he added
Important Data: JAPAN GDP (QoQ) (Q1) today at 19:50 this time estimated -1.2%, previously which was 2.8%. RUSSIA CPI (MoM) (May) today at 12:00 this time estimated 0.6%, previously which was 0.6%. UK BRC Retail Sales Monitor (YoY) (May) today at 19:01 previously which was 39.6%. US Consumer Credit (Apr) today at 15:00 this time estimated 21B, previously which was 25.84B.
TECHNICAL SUMMARY
GBPUSD

TRADE SUGGESTION- SELL AT 1.41208, TAKE PROFIT AT 1.40961 AND STOP LOSS AT 1.41492
EURUSD

TRADE SUGGESTION- SELL AT 1.21566, TAKE PROFIT AT 1.21466 AND STOP LOSS AT 1.21707
USDJPY

TRADE SUGGESTION- BUY AT 109.487, TAKE PROFIT AT 109.718 AND STOP LOSS AT 109.312
USDCHF

TRADE SUGGESTION- SELL AT 0.89965, TAKE PROFIT AT 0.89798 AND STOP LOSS AT 0.90114
DOW JONES

TRADE SUGGESTION- BUY AT 34715 TAKE PROFIT AT 34811 AND STOP LOSS AT 34657
WTI CRUDE OIL

TRADE SUGGESTION- BUY AT 69.08 TAKE PROFIT AT 69.31 AND STOP LOSS AT 69.01
GOLD

TRADE SUGGESTION- SELL AT 1883.40, TAKE PROFIT AT 1872.77 AND STOP AT 1889.33
ETHEREUM

TRADE SUGGESTION- BUY AT 2764.82 TAKE PROFIT AT 2810.57 AND STOP AT 2705.80

 

[RahmanSL]

Pretty good and useful analysis & information. Thank you!