Daily Technical Analysis Report By Capital Street Fx

[CSFXNEWS]

Technical Analysis Report on 10 February 2020

Asian stocks hit a record high on Wednesday. The Shanghai composite is up 1.13% at 3,644.18. Overall, the Singapore MSCI up 0.09% at 334.10. Over in Hong Kong, the Hang Seng Index up 1.76% to 29,925. In Japan, the Nikkei 225 down 0.07% at 29,480, while the Topix index is down 0.08% at 1929.5. South Korea’s Kospi up 0.76% to 3108.54. Australia S&P/ASX 200 up 0.52% at 6856.9.
European equities Tuesday closing. The DAX futures contract in Germany traded 0.34% down at 14011.80, CAC 40 futures up 0.10% at 5691.5 and the UK 100 futures contract in the U.K. up 0.12% at 6,531.6.
In U.S. on Wall Street, the Dow Jones Industrial Average closed 0.03% down at 31375.8 the S&P 500 down 0.11% to 3911.2 and the Nasdaq 100 down 0.06% at 13687.1, NYSE closes at 15244.40 up 0.12%.
In the Forex market, GBPUSD up 0.04% at 1.38215. The USDJPY flat at 104.54. The USDCHF down 0.07% at 0.89158. EURUSD up 0.07% at 1.21258, EUR/GBP up 0.05% at 0.87727. The USD/CNY up 0.08% at 6.4394, at the time of writing.
In the commodity market U.S. Gold futures up 0.23% at $1,842.40. Elsewhere, Silver futures up 0.13% to $27.28 per ounce, Platinum up 2.68% at $1207.01 per ounce, and Palladium up 0.11% to $2,328.0.
Crude Oil mix on Wednesday; Brent crude oil down 0.11% to $61.11 barrel while U.S. West Texas Intermediate (CLc1) is up 1.45% at $57.57.
In the Cryptocurrency Markets, BTCUSD at 46458.78 down 0.05%, Ethereum at 1820.31 up 2.67%, Litecoin at 191.11 up 5.25%, at the time of writing.
TOP STOCKS TO WATCH OUT TODAY:
TWITTER Inc. up 2.869% at $59.87, FORD MOTOR Co. up 3.201% at $11.93, GARTNER Inc. up 4.286% to $183.72, MOSIAC Co. down 3.816% to $27.98, NETFLIX Inc. up 2.035% to $559.07, JD. Com Inc. down 2.644% at $97.07.
Economic news:
US: The top lawmaker on trade matters in the U.S. House of Representatives said on Tuesday that he will focus this year on enforcing U.S. trade agreements and working with the Biden administration to combat China’s use of forced labor in its western Xinjiang region.
House Ways and Means Committee Chairman Richard Neal, speaking on a webcast forum organized by the Washington International Trade Association, said he also was open to negotiating new trade agreements with Britain and the European Union.
The Massachusetts Democrat also said he would work closely with U.S. Trade Representative nominee Katherine Tai, who previously served as the Ways and Means Committee’s Democratic trade counsel, “to make sure that we aggressively enforce all the provisions” in the new U.S.-Mexico-Canada Agreement.
Eurozone: Britain has suffered “one or two teething issues” in exporting fish to the European Union after Brexit, the country’s environment minister said on Tuesday, in comments that are likely to anger fishermen struggling to trade.
Small fishing firms have largely failed to export their goods to Europe after the post-Brexit introduction of catch and health certificates, customs declarations and higher transport costs made trade too expensive and too slow for EU buyers.
Important Data: US Core CPI (MoM) (Jan) today at 8:30 this time estimated 0.2%, previously which was 0.1%. US Crude Oil Inventories today at 10:30 this time estimated 0.985M, previously which was -0.994M. AUSTRALIA Westpac Consumer Sentiment (Feb) today at 18:30 previously which was -4.5%. BRAZIL Retail Sales (MoM) (Dec) today at 7:00 previously which was at -0.1%.
TECHNICAL SUMMARY
GBPUSD

TRADE SUGGESTION- BUY AT 1.38150, TAKE PROFIT AT 1.38500 AND STOP LOSS AT 1.37569
EURUSD

TRADE SUGGESTION- BUY AT 1.21203, TAKE PROFIT AT 1.21539 AND STOP LOSS AT 1.21012
EURGBP

TRADE SUGGESTION- SELL AT 0.87721, TAKE PROFIT AT 0.87505 AND STOP LOSS AT 0.88031
AUDUSD

TRADE SUGGESTION- BUY AT 0.77382, TAKE PROFIT AT 0.77608 AND STOP LOSS AT 0.77240
S&P 500

TRADE SUGGESTION- BUY AT 3915.04 TAKE PROFIT AT 3930.00 AND STOP LOSS AT 3900.00
WTI CRUDE OIL

TRADE SUGGESTION- BUY AT 58.13 TAKE PROFIT AT 58.47 AND STOP LOSS AT 58.07
GOLD

TRADE SUGGESTION- BUY AT 1841.95, TAKE PROFIT AT 1847.26 AND STOP AT 1837.42
LITECOIN USD

TRADE SUGGESTION- BUY AT 191.74 TAKE PROFIT AT 196.40 AND STOP AT 186.18

 

[CSFXNEWS]

Technical Analysis Report on 18 February 2021

Asia Pacific stocks were mixed on Thursday morning, with Chinese stocks headed towards record highs. The Shanghai composite is up 0.42% at 3,670.57. Overall, the Singapore MSCI down 0.61% at 332.50. Over in Hong Kong, the Hang Seng Index down 1.27% to 30,582. In Japan, the Nikkei 225 down 0.53% at 30,240, while the Topix index is down 1.52% at 1941.5. South Korea’s Kospi down 1.17% to 3097.03. Australia S&P/ASX 200 up 0.01% at 6885.9.

European equities Wednesday closing. The DAX futures contract in Germany traded 1.1% down at 13909.27, CAC 40 futures down 0.36% at 5765.8 and the UK 100 futures contract in the U.K. down 0.56% at 6,710.9.

In U.S. on Wall Street, the Dow Jones Industrial Average closed 0.29% up at 31613.0 the S&P 500 down 0.03% to 3931.3 and the Nasdaq 100 down 0.54% at 13699.7, NYSE closes at 15402.58 down 0.13%.

In the Forex market, GBPUSD down 0.06% at 1.38487. The USDJPY up 0.03% at 105.90. The USDCHF flat at 0.89881. EURUSD up 0.10% at 1.20466, EUR/GBP up 0.23% at 0.86978. The USD/CNY down 0.06% at 6.4542, at the time of writing.

In the commodity market U.S Gold futures up 0.37% at $1,782.50. Elsewhere, Silver futures down 0.49% to $27.239 per ounce, Platinum up 1.18% at $1262.50 per ounce, and Palladium up 0.38% to $2,386.0.

Crude Oil up on Thursday; Brent crude oil up 0.34% to $65.12 barrel while U.S. West Texas Intermediate (CLc1) is up 0.65% at $58.63.

In the Cryptocurrency Markets, BTCUSD at 52037.04 down 0.29%, Ethereum at 1896.79 up 2.45%, Litecoin at 231.50 down 2.49%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY:

VERIZON COMMUNICATION up 5.245% at $56.99, KRAFT HEINZ Co. up 4.695% at $37.02, DISCOVERY Inc up 4.245% to $49.36, HP Inc. down 3.24% to $26.28, TWITTER Inc down 2.934% to $71.79, NVIDIA Corp. down 2.767% at $596.24.

Economic news:

US: Facing a still-scarred economy that may need an extended time to recover fully, Federal Reserve officials last month debated how to lay the groundwork for the public to accept higher inflation, and also the need to “stay vigilant” for signs of stress in buoyant asset markets, according to minutes of the U.S. central bank’s Jan. 26-27 policy meeting.

In discussions that ranged from the public’s perceptions of inflation to the vagaries of Robinhood-type retail stock trading platforms, Fed officials said they were still prepared to keep their easy monetary policy on track to help heal a job market still ailing from the impact of the coronavirus pandemic.

With a jump in some prices expected this spring, “many participants stressed the importance of distinguishing between such one-time changes in relative prices and changes in the underlying trend for inflation,” according to the minutes, which were released on Wednesday.

Eurozone: A quarter of British businesses expect to fire staff if finance minister Rishi Sunak does not extend a job furlough programme that is due to expire at the end of April, the British Chambers of Commerce said on Thursday.

Sunak is due to deliver his annual budget on March 3 and has promised to provide more support for jobs hit by the coronavirus pandemic. But he is also mindful that COVID-related spending has already pushed Britain’s budget deficit to its highest since World War Two.

Britain entered a third national lockdown last month, which forced schools and most businesses to close their doors to the public, although staff can continue to work on site if there is no good alternative.

The BCC said 61% of firms had suffered a fall in sales since October, based on a survey of 1,115 of its members carried out between Jan. 18 and Jan. 31.

Important Data: US Building Permits (Jan) today at 8:30 this time estimated 1.678M, previously which was 1.704M. US Initial Jobless Claims today at 8:30 this time estimated 765K, previously which was 793K. CANADA New Housing Price Index (MoM) (Jan) today at 8:30 previously which was 0.3%. RUSSIA Unemployment Rate (Jan) today at 11:00 this time estimated 6.0%, previously which was 5.9%.

TECHNICAL SUMMARY

GBPUSD

TRADE SUGGESTION- SELL AT 1.38445, TAKE PROFIT AT 1.37835 AND STOP LOSS AT 1.38932

EURUSD

TRADE SUGGESTION- SELL AT 1.20394, TAKE PROFIT AT 1.20093 AND STOP LOSS AT 1.20614

GBPJPY

TRADE SUGGESTION- SELL AT 146.589, TAKE PROFIT AT 146.385 AND STOP LOSS AT 146.826

CHFJPY

TRADE SUGGESTION- SELL AT 117.760, TAKE PROFIT AT 117.481 AND STOP LOSS AT 118.008

FTSE 100

TRADE SUGGESTION- BUY AT 6721 TAKE PROFIT AT 6744.2 AND STOP LOSS AT 6695.5

WTI CRUDE OIL

TRADE SUGGESTION- BUY AT 61.65 TAKE PROFIT AT 63.01 AND STOP LOSS AT 60.83

GOLD

TRADE SUGGESTION- SELL AT 1779.86, TAKE PROFIT AT 1772.47 AND STOP AT 1786.44

BTC USD

TRADE SUGGESTION- BUY AT 51813.61 TAKE PROFIT AT 52583.82 AND STOP AT 51619.99

 

[CSFXNEWS]

Technical Analysis Report on 19 February 2021
Asian stocks pulled back from all-time peaks on Friday. The Shanghai composite is up 0.30% at 3,686.31. Overall, the Singapore MSCI down 0.86% at 330.05. Over in Hong Kong, the Hang Seng Index down 0.03% to 30,431. In Japan, the Nikkei 225 down 0.89% at 29,960, while the Topix index is down 0.93% at 1926.0. South Korea’s Kospi up 0.57% to 3104.49. Australia S&P/ASX 200 down 1.34% at 6793.8.
European equities Thursday closing. The DAX futures contract in Germany traded 0.16% down at 13886.93, CAC 40 futures down 0.65% at 5728.3 and the UK 100 futures contract in the U.K. down 1.40% at 6,617.2.
In U.S. on Wall Street, the Dow Jones Industrial Average closed 0.38% down at 31493.3 the S&P 500 down 0.44% to 3914.0 and the Nasdaq 100 down 0.16% at 13622.2, NYSE closes at 15290.63 down 0.73%.
In the Forex market, GBPUSD up 0.03% at 1.39743. The USDJPY down 0.12% at 105.54. The USDCHF up 0.04% at 0.89611. EURUSD up 0.06% at 1.20966, EUR/GBP up 0.09% at 0.86561. The USD/CNY down 0.17% at 6.4679, at the time of writing.
In the commodity market U.S Gold futures down 0.05% at $1,774.10. Elsewhere, Silver futures down 0.41% to $26.891 per ounce, Platinum down 0.80% at $1262.85 per ounce, and Palladium down 0.04% to $2,355.0.
Crude Oil down on Friday; Brent crude oil down 0.38% to $63.35 barrel while U.S. West Texas Intermediate (CLc1) is down 0.29% at $58.46.
In the Cryptocurrency Markets, BTCUSD at 51657.94 up 0.15%, Ethereum at 1915.84 down 1.20%, Litecoin at 226.98 up 0.08%, at the time of writing.
TOP STOCKS TO WATCH OUT TODAY:
Kellogg Co up 2.585% at $59.53, KRAFT HEINZ Co. up 5.24% at $38.96, WALMART Inc down 6.481% to $137.66, APACHE Corp. down 5.672% to $17.63, MICRON TECHNOLOGY down 2.888% to $88.535, MODERNA Inc. down 4.068% at $169.57.
Economic news:
US: The United States will keep tariffs imposed on Chinese goods by the former Trump administration in place for now, but will evaluate how to proceed after a thorough review, Treasury Secretary Janet Yellen told CNBC on Thursday.
“For the moment, we have kept the tariffs in place that were put in by the Trump administration … and we’ll evaluate going forward what we think is appropriate,” Yellen told the cable news network, adding that Washington expected Beijing to adhere to its commitments on trade.
Asked if tariffs worked, Yellen hesitated, then said, “We’ll look at that.”
The White House last month said it would review all national security measures put in place by former President Donald Trump, including an interim trade deal with Beijing.
The deal eased tensions between the world’s two largest economies after a damaging trade war that U.S. experts estimate led to a peak loss of 245,000 U.S. jobs, but most of the tariffs remain in place on both sides.
Eurozone: The British state must take a bigger role in supporting businesses and the public, just as it did in the aftermath of World War Two, Labour Party leader Keir Starmer said on Thursday.
Starmer, who took over as leader of the main opposition party to Prime Minister Boris Johnson’s Conservatives in 2020, set out his alternative vision for the country’s post-Brexit and post-COVID future.
“I believe there’s a mood in the air which we don’t detect often in Britain. It was there in 1945 after the sacrifice of war, and it’s there again now,” he said. “It’s the determination that our collective sacrifice must lead to a better future.”
He proposed the creation of a “recovery bond” to allow the public to put their household savings into directly funding projects via the state-run National Infrastructure Bank.
Important Data: UK Retail Sales (MoM) (Jan) today at 2:0 this time estimated -2.5%, previously which was 0.3%. German Manufacturing PMI (Feb) today at 3:30 this time estimated 56.5, previously which was 57.1. UK Manufacturing PMI today at 4:30 previously which was 54.1. Core Retail Sales (MoM) (Dec) today at 8:30 this time estimated -2.0%, previously which was 2.1%.
TECHNICAL SUMMARY
GBPUSD

TRADE SUGGESTION- BUY AT 1.39740, TAKE PROFIT AT 1.40608 AND STOP LOSS AT 1.39417
EURUSD

TRADE SUGGESTION- BUY AT 1.20908, TAKE PROFIT AT 1.21082 AND STOP LOSS AT 1.20727
EURGBP

TRADE SUGGESTION- SELL AT 0.86513, TAKE PROFIT AT 0.86149 AND STOP LOSS AT 0.86777
EURJPY

TRADE SUGGESTION- BUY AT 127.733, TAKE PROFIT AT 127.928 AND STOP LOSS AT 127.628
FTSEMIB 40

TRADE SUGGESTION- BUY AT 22130 TAKE PROFIT AT 22286.36 AND STOP LOSS AT 22031.31
WTI CRUDE OIL

TRADE SUGGESTION- BUY AT 59.81 TAKE PROFIT AT 60.18 AND STOP LOSS AT 59.50
GOLD

TRADE SUGGESTION- SELL AT 1769.70, TAKE PROFIT AT 1758.20 AND STOP AT 1782.61
LITECOIN USD

TRADE SUGGESTION- BUY AT 231.96 TAKE PROFIT AT 234.33 AND STOP AT 230.89

 

[CSFXNEWS]

Technical Analysis Report on 23 February 2021
U.S. Futures pointed to another negative day for stock markets on Tuesday as a sell-off continues worldwide.
The S&P 500 futures fell over 14 points or 0.54% to 2,593.75 as of 6:50 AM ET (11:50 GMT) while Dow futures decreased 225 points or 0.94% to 23,713.0. Meanwhile, tech heavy Nasdaq 100 futures was down over 39 points or 0.61% to 6,390.0.
The Dow lost over a 1,000 points at the close on Monday, as inflation concerns pushed stocks down. The negative movements started on Friday after a report showed that U.S. wages increased at its fastest pace in eight and a half year.
Asian shares reversed their earlier gains on Wednesday as investors dumped U.S. stock futures for safer harbors, a sign market participants remain jittery after this week’s global markets rout.
While most analysts believed this week’s distressed selling looks to have run its course for the moment, allowing volatility to abate a little, the prospect of monetary tightening across the globe remains a challenge for the long term.
Japan’s Nikkei eased, but was still up 0.2 percent. Chinese blue chips and South Korea’s KOSPI index dropped more than 2 percent. Hong Kong’s Hang Seng dropped 1.09Australia’s S&P/ASX 200 gained 0.75 percent.
Gold was off a touch at $1,3332.70 an ounce gained 0.24 percent on Wednesday. Silver earned 0.45% to $16.665 an ounce. Copper price was slipped by 0.19% to $3.183 a pound. U.S. cotton is 0.54% higher at $76.60 while sugar lost 0.65% to $13.82.
Oil prices rose on Wednesday, lifted by a report that U.S. crude inventories fell last week, although analysts warned that soaring U.S. output and a seasonal demand drop could soon weigh on crude.
Brent crude futures were at $67.44 per barrel at 0751 GMT, up 58 cents, or 0.9 percent, from the previous close. U.S. West Texas Intermediate (WTI) crude futures were at $63.88 a barrel. That was up 49 cents, or 0.8 percent, from their last settlement.
Bitcoin is trading at 7727.1, 24.85% higher on the Bitfinex exchange, from its previous close.
Ethereum was last trading at $781.18, up 31.36% on the Bitfinex exchange on Wednesday. Ripple’s XRP token was 29.78% higher on the Poloniex exchange, for the day. Litecoin was trading at $145.76, up by 36.81%.
Technicals:
USDCAD

Fig: USDCAD D1 Technical chart
USDCAD is trading sideways on the daily charts. The market is trading between the moving averages below the 9 day and the 20 day, but above the 50 day, 100 day and the 200 day moving averages. The RSI is at 50.8. The MACD has made a negative crossover below the signal line.
Trade suggestion:
Buy limit at 1.2509, take profit at 1.2550, stop loss at 1.24946
GBPUSD

Fig: GBPUSD D1 Technical charts
GBPUSD is trading in the negative, and is testing the 20 day EMA on the daily charts. The market is trading above the 50 day, 100 day and the 200 day moving averages, but below the 9 day and the 20 day EMA. The RSI is at 52.49. The MACD has made a negative crossover below the signal line. The market is expected to trade in the negative territory today.
Trade suggestion:
Sell stop at 1.39325, take profit at 1.39000, stop loss at 1.39605
EURUSD

Fig: EURUSD D1 Technical charts
EURUSD is trading below the 9 day EMA, in the negative zone on the daily chart. Currently, the price action is trading above all the moving averages (20 day, 50 day, 100 day and 200 day). The RSI is at 60.5. The MACD has made a negative crossover below the signal line.
Trade suggestion:
Buy stop at 1.23727, take profit at 1.23396, stop loss at 1.24022
DASH

Fig: DASH D1Technical chart
DASH/USD is trading in the positive zone, testing the lower band of the Bollinger bands on the daily chart. The RSI is nicely placed at 35. The MACD is below the signal line, but expected to make a positive crossover above the signal line. The market is trading below all the moving averages (9day, 20 day, 50 day, 100 day and 200 day). The market is expected to trade positive for the day.
Trade suggestion:
Buy limit at 515.9, take profit at 550, stop loss at 488
COTTON

Fig: COTTON Technical chart
Cotton is trading sideways on the daily charts. The market is trading below the 9 day, 20 day,and the 50 day,but above the 100 day and the 200 day moving averages. The RSI is at 40.2. The MACD is below the signal line.
Trade suggestion:
Buy stop at 76.83, take profit at 77.10, stop loss at 76.40
SILVER

Fig: SILVER D1 Technical chart
Silver is trading in the negative zone on the daily charts. The market is also trading below all the moving averages (9 day, 20 day, 50 day, 100 day and 200 day). The RSI is at 43.11. But the MACD is below the signal line.
Trade suggestion:
Sell limit at 16.510, take profit at 16.400, stop loss at 16.600
DAX30

Fig: DAX30 Technical charts
DAX30 is trading in the negative zone, below the lower band of the Bollinger bands on the daily charts. Currently, the market is trading below all the moving averages (9 day, 20 day, 50 day, 100 day and 200 day). The RSI is at 27.25. The MACD has made a negative crossover below the signal line. The market is expected to trade negative for the day.
Trade suggestion:
Sell stop at 12424, take profit at 12333, stop loss at 12514

 

[CSFXNEWS]

Technical Analysis Report on 24 February 2021
Asia Pacific stocks were down Wednesday morning, even as Treasury yields steadied and the U.S. Federal Reserve pledged continued support for the U.S. economic recovery from COVID-19. The Shanghai composite is down 2.79% at 3,533.93. Overall, the Singapore MSCI up 1.07% at 334.40. Over in Hong Kong, the Hang Seng Index down 2.78% to 29,731. In Japan, the Nikkei 225 down 1.56% at 29,700, while the Topix index is down 1.73% at 1903.5. South Korea’s Kospi down 2.32% to 2997.38. Australia S&P/ASX 200 down 0.90% at 6777.8.

European equities Tuesday closing. The DAX futures contract in Germany traded 0.61% down at 13864.81, CAC 40 futures up 0.22% at 5779.8 and the UK 100 futures contract in the U.K. up 0.21% at 6,625.9.

In U.S. on Wall Street, the Dow Jones Industrial Average closed 0.05% up at 31537.4 the S&P 500 up 0.13% to 3881.4 and the Nasdaq 100 down 0.22% at 13194.7, NYSE closes at 15359.13 up 0.12%.

In the Forex market, GBPUSD up 0.32% at 1.41575. The USDJPY up 0.26% at 105.51. The USDCHF up 0.25% at 0.90718. EURUSD down 0.03% at 1.21455, EUR/GBP down 0.32% at 0.85788. The USD/CNY down 0.04% at 6.4615, at the time of writing.

In the commodity market U.S Gold futures up 0.05% at $1,806.28. Elsewhere, Silver futures down 0.3% to $27.531 per ounce, Platinum down 0.27% at $1234.00 per ounce, and Palladium up 0.40% to $2,360.00.

Crude Oil down on Wednesday; Brent crude oil down 0.08% to $65.00 barrel while U.S. West Texas Intermediate (CLc1) is down 0.02% at $58.57.

In the Cryptocurrency Markets, BTCUSD at 49714.32 up 1.70%, Ethereum at 1618.31 up 2.55%, Litecoin at 179.22 up 0.97%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY:

NETFLIX Inc. up 2.317% at $546.15, FACEBOOK up 2.122% at $265.85, FINSERV Inc. up 1.976% to $115.5, WORKDAY Inc. down 2.503% to $290.25, MODERNA Inc. down 5.773% to $150.17, TESLA Inc. down 2.192% at $698.84.

Economic news:

US: The U.S. House of Representatives will vote on Friday on legislation to provide $1.9 trillion in new coronavirus relief, Representative Steny Hoyer, the chamber’s No. 2 Democrat, said.

“The American people strongly support this bill, and we are moving swiftly to see it enacted into law,” Hoyer said on Twitter on Tuesday.

The House Budget Committee approved the measure on Monday. Passing more relief to ease the economic effects of the pandemic is a top priority of Democratic President Joe Biden.

Although polls show Americans want more economic support, Democrats – who narrowly control Congress – and Republicans differ sharply over how best to provide it. The U.S. coronavirus death toll this week surpassed the grim benchmark of 500,000 victims. Millions more have been left jobless by the pandemic.

Eurozone: Britain has agreed to the European Union’s request to delay ratification of their post-Brexit trade agreement until April 30, cabinet office minister Michael Gove said on Tuesday.

Earlier this month, the EU asked Britain if it could take extra time to ratify the agreement by extending until April 30 provisional application of the deal to ensure it was in all 24 of the bloc’s languages for parliamentary scrutiny.

In a letter to Maros Sefcovic, vice president of the European Commission, Gove wrote: “I can confirm that the United Kingdom is content to agree that the date on which provisional application shall cease to apply … should be extended to 30 April 2021.”

Important Data: German GDP (QoQ) (Q4) today at 2:00 this time estimated 0.1%, previously which was 8.5%. US New Home Sales (Jan) today at 10:00 this time estimated 855K, previously which was 842K. US Crude Oil Inventories today at 10:30 this time estimated -5.19M, previously which was -7.258M. AUSTRALIA Private New Capital Expenditure (QoQ) (Q4) today at 19:00 this time estimated 0.4%, previously which was -3.0%.

TECHNICAL SUMMARY

 

[CSFXNEWS]

Technical Analysis Report on 25 February 2021
Asian stocks perked up on Thursday after U.S. Federal Reserve Chair Jerome Powell reaffirmed interest rates would stay low. The Shanghai composite is up 0.91% at 3,597.20. Overall, the Singapore MSCI up 1.57% at 340.50. Over in Hong Kong, the Hang Seng Index up 1.50% to 30,145. In Japan, the Nikkei 225 up 1.75% at 30,160, while the Topix index is up 1.37% at 1928.0. South Korea’s Kospi up 2.26% to 3062.59. Australia S&P/ASX 200 up 0.95% at 6842.2.

European equities Wednesday closing. The DAX futures contract in Germany traded 0.80 up at 13976.00, CAC 40 futures up 0.31% at 5798.0 and the UK 100 futures contract in the U.K. up 0.50% at 6,659.0.

In U.S. on Wall Street, the Dow Jones Industrial Average closed 1.35% up at 31961.9 the S&P 500 up 1.14% to 3925.4 and the Nasdaq 100 up 0.06% at 13323.0, NYSE closes at 15539.41 up 1.17%.

In the Forex market, GBPUSD up 0.01% at 1.41398. The USDJPY up 0.16% at 106.01. The USDCHF up 0.01% at 0.9066. EURUSD up 0.03% at 1.21649, EUR/GBP up 0.03% at 0.86028. The USD/CNY down 0.01% at 6.4548, at the time of writing.

In the commodity market U.S Gold futures down 0.44% at $1,796.70. Elsewhere, Silver futures down 0.27% to $27.987per ounce, Platinum down 0.57% at $1259.81 per ounce, and Palladium down 0.10% to $2,437.00.

Crude Oil mix on Thursday; Brent crude oil down 0.06% to $67.20 barrel while U.S. West Texas Intermediate (CLc1) is up 0.26% at $58.72.

In the Cryptocurrency Markets, BTCUSD at 50184.00 up 0.86%, Ethereum at 1598.16 down 1.68%, Litecoin at 180.28 down 0.91%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY:

BOEING Co. up 8.118% at $229.34, EBAY Inc. down 3.243% at $59.38, INTEL Corp. up 3.387% to $63.19, MICRON Tech. up 4.862% to $92.52, BAIDU Inc. down 9.619% to $167.53, TESLA Inc. up 6.179% at $742.02.

Economic news:

US: President Joe Biden said on Wednesday he would seek funding for legislation to supercharge chip manufacturing in the United States as a shortfall of semiconductors has forced U.S. automakers and other manufacturers to cut production.

Biden also signed an executive order on Wednesday aimed at addressing the global semiconductor chip shortage that has alarmed the White House and members of Congress, administration officials said.

The scarcity, exacerbated by the pandemic, was also the subject of a discussion between Biden and a bipartisan group of U.S. lawmakers at the White House on Wednesday.

Eurozone: British finance minister Rishi Sunak should follow the lead of the United States by announcing a 100-billion-pound stimulus push in next week’s budget to fuel an economic recovery from the COVID-19 pandemic, a think tank said on Thursday.

Sunak, who is due to announce a new budget plan on March 3, has already racked up more than 280 billion pounds ($395 billion) in coronavirus spending and tax cuts, pushing Britain’s borrowing to its highest since World War Two.

The Resolution Foundation said Sunak should extend emergency support for businesses and workers and announce a new round of stimulus measures to alleviate unemployment, boost green investment and help retailers.

Important Data: US Core Durable Goods Orders (MoM) (Jan) today at 8:30 this time estimated 0.7%, previously which was 1.1%. US GDP (QoQ) (Q4) today at 8:30 this time estimated 4.2%, previously which was 4%. US Initial Jobless Claims today at 8:30 this time estimated 838K, previously which was 861K. AUSTRALIA Trade Balance (YoY) (Jan) today at 16:45 previously which was 2940M.

TECHNICAL SUMMARY

 

[CSFXNEWS]

TECHNICAL ANALYSIS REPORT – 01 MARCH 2021​

Asian shares rallied on Monday as some semblance of calm returned to bond markets after last week’s wild ride. The Shanghai Composite is up 0.90% at 3,539.46. Overall, the Singapore MSCI up 0.86% at 341.55. Over in Hong Kong, the Hang Seng Index down 0.86% to 29,209. In Japan, the Nikkei 225 1.26% at 29,620, while the Topix index is up 1.23% at 1899.0. South Korea’s Kospi down 2.80% to 3012.95. Australia S&P/ASX 200 up 1.74% at 6789.6.
European equities Friday closing. The DAX futures contract in Germany traded 0.67% down at 13786.29, CAC 40 futures down 1.39% at 5703.2 and the UK 100 futures contract in the U.K. up 0.68% at 6,538.6.
In U.S. on Wall Street, the Dow Jones Industrial Average closed 1.5% down at 30932.4 the S&P 500 down 0.48% to 3811.2 and the Nasdaq 100 up 1.24% at 13070.7, NYSE closes at 15010.46 down 1.29%.
In the Forex market, GBPUSD up 0.42% at 1.39831. The USDJPY up 0.03% at 106.544. The USDCHF down 0.01% at 0.9084. EURUSD up 0.12% at 1.20848, EUR/GBP down 0.17% at 0.87414. The USD/CNY down 0.17% at 6.4617, at the time of writing.
In the commodity market U.S Gold futures up 1.10% at $1,751.59. Elsewhere, Silver futures up 0.93% to $26.893 per ounce, Platinum up 2.48% at $1217.99 per ounce, and Palladium up 1.16% to $2,345.50.
Crude Oil mix on Monday; Brent crude oil up 1.55% to $65.40 barrel while U.S. West Texas Intermediate (CLc1) is down 3.20% at $62.40.
In the Cryptocurrency Markets, BTCUSD at 46199.34 up 2.12%, Ethereum at 1432.57 up 0.82%, Litecoin at 165.04 up 0.10%, at the time of writing.
TOP STOCKS TO WATCH OUT TODAY:
ETSY Inc. up 11.484% at $220.61, CARNIVAL Corp. up 5.026% at $26.75, MICRON Tech. up 3.87% to $91.53, DISCOVERY Inc. up 3.472% to $45.00, AUTODESK Inc. down 2.827% to $276.00, KRAFT HEINZ Co. down 2.388% at $36.38.
Economic news:
US: The overnight U.S. repurchase agreement (repo) rate and the secured overnight financing rate (SOFR) recovered from roughly nine-month lows on Friday, but should remain under pressure this year as the market digests excess cash in the system.
In the repo market, Wall Street’s financial institutions borrow from money market funds and other investors and pledge their Treasuries and other securities they own as collateral.
The overnight repo rate rose to 0% on Friday after going negative at -0.05 the previous session, the lowest level since late April last year. SOFR, on the other hand, which also measures the cost of borrowing cash overnight using Treasury securities as collateral, also rose to 0.03%, from 0.01% on Thursday, matching the low hit in May 2020.
SOFR has replaced the London interbank offered rate (LIBOR) as an interest rate benchmark for banks.
Eurozone: British finance minister Rishi Sunak said on Sunday he would not rush to fix the public finances as he readied a budget plan which will pile more borrowing on top of almost 300 billion pounds ($418 billion) of COVID-19 spending and tax cuts.
Sunak, who is due to deliver his budget to parliament on Wednesday, promised to help the UK economy through a gradual lifting of lockdown measures that will last at least until late June. But he also said he would “level with people” about how Britain’s 2.1 trillion-pound debt pile would carry on growing without action.
“This is not something that’s going to happen overnight. Given the scale of the shock we’ve experienced, the scale of the damage, this is going to take time to fix,” Sunak told Sky News on Sunday.
Important Data: German Manufacturing PMI (Feb) today at 3:55 this time estimated 60.6, previously which was 57.1. US ISM Manufacturing PMI (Feb) today at 10:00 this time estimated 58.8, previously which was 58.7. JAPAN Capital Spending (YoY) (Q4) today at 18:50 previously which was -10.6%. US Manufacturing PMI (Feb) today at 9:45 previously which was 58.5.
TECHNICAL SUMMARY

 

[CSFXNEWS]

TECHNICAL ANALYSIS REPORT–02 MARCH 2021​

Asia Pacific stocks were mostly down Tuesday morning. The Shanghai composite is down 1.56% at 3,496.23. Overall, the Singapore MSCI down 0.18% at 341.05. Over in Hong Kong, the Hang Seng Index down 1.36% to 28,849. In Japan, the Nikkei 225 down 0.57% at 29,410, while the Topix index is down 0.24% at 1894.5. South Korea’s Kospi up 1.14% to 3047.39. Australia S&P/ASX 200 down 0.40% at 6762.3.

European equities Monday closing. The DAX futures contract in Germany traded 1.64% up at 14012.82, CAC 40 futures up 1.57% at 5792.8 and the UK 100 futures contract in the U.K. up 1.62% at 6,588.5.

In U.S. on Wall Street, the Dow Jones Industrial Average closed 1.95% up at 31535.5 the S&P 500 up 2.38% to 3901.8 and the Nasdaq 100 down 0.37% at 13268.2, NYSE closes at 15327.77 up 2.11%.

In the Forex market, GBPUSD down 0.24% at 1.38920. The USDJPY up 0.07% at 106.832. The USDCHF up 0.10% at 0.91583. EURUSD down 0.20% at 1.20248, EUR/GBP up 0.06% at 0.86564. The USD/CNY up 0.11% at 6.4722, at the time of writing.

In the commodity market U.S Gold futures down 0.36% at $1,717.85. Elsewhere, Silver futures down 1.47% to $26.159 per ounce, Platinum down 0.59% at $1176.45 per ounce, and Palladium down 0.30% to $2,353.50.

Crude Oil down on Tuesday; Brent crude oil down 0.33% to $63.00 barrel while U.S. West Texas Intermediate (CLc1) is down 1.39% at $61.53.

In the Cryptocurrency Markets, BTCUSD at 48374.13 down 2.53%, Ethereum at 1539.42 down 2.06%, Litecoin at 171.54 down 2.75%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY:

ETSY Inc. up 11.037% at $244.58, INVESCO Ltd. up 10.348% at $24.74, TESLA Inc. up 6.355% to $718.43, DISCOVERY Inc. up 9.712% to $58.18, CARNIVAL Corp. down 1.645% to $26.31, APACHE Corp. down 1.064% at $19.52.

Economic news:

US: The U.S. Senate will begin debating President Joe Biden’s $1.9 trillion coronavirus relief bill this week, Senate Majority Leader Chuck Schumer said on Monday.

In remarks on the Senate floor, Schumer, a Democrat, did not say when the chamber might vote on the bill.

Eurozone: Banks in the European Union would have to publish a ground breaking “green asset ratio” (GAR) as a core measure of their climate-friendly business activities from next year, the EU’s banking watchdog proposed on Monday.

As the trend in sustainable investing gathers pace, regulators want investors to get more reliable information on a bank’s exposures to climate change as storms and other weather events affect the value of their assets and liabilities.

The European Banking Authority (EBA) said the ratio, put out to formal public consultation on Monday, will measure the amount of climate-friendly loans, advances and debt securities compared to total assets on a lender’s balance sheet to reach a percent figure.

“I believe it’s the first-time regulators are asking for a green asset ratio,” said Piers Haben, EBA’s director of banking, markets, innovation and consumers.

Important Data: UK Nationwide HPI (YoY) (Feb) today at 2:00 this time estimated -0.3%, previously which was -0.3%. German Unemployment Change (Feb) today at 3:55 this time estimated -13K, previously which was -41K. CANADA GDP (MoM) (Dec) today at 8:30 this time estimated 0.3%, previously which was 0.7%. AUSTRALIA GDP (QoQ) (Q4) today at 19:30 this time estimated 2.5%, previously which was 3.3%.

TECHNICAL SUMMARY

 

[CSFXNEWS]

TECHNICAL ANALYSIS REPORT—04 MARCH 2021​

Asia Pacific stocks were down Thursday morning. The Shanghai composite is down 1.66% at 3,517.96. Overall, the Singapore MSCI up 0.30% at 345.40. Over in Hong Kong, the Hang Seng Index down 2.45% to 28,963. In Japan, the Nikkei 225 down 2.22% at 29,940, while the Topix index is down 1.00% at 1884.0. South Korea’s Kospi down 1.15% to 3047.57. Australia S&P/ASX 200 up 0.84% at 6760.7.
European equities Wednesday closing. The DAX futures contract in Germany traded 0.29% up at 14080.03, CAC 40 futures up 0.35% at 5830.1 and the UK 100 futures contract in the U.K. up 0.93% at 6,675.5.
In U.S. on Wall Street, the Dow Jones Industrial Average closed 0.39% down at 31270.1 the S&P 500 down 1.31% to 3819.7 and the Nasdaq 100 down 2.88% at 12683.3, NYSE closes at 15199.19 down 0.51%.
In the Forex market, GBPUSD up 0.04% at 1.39550. The USDJPY up 0.08% at 107.097. The USDCHF down 0.05% at 0.91936. EURUSD down 0.04% at 1.20574, EUR/GBP up 0.03% at 0.864. The USD/CNY down 0.01% at 6.4670, at the time of writing.
In the commodity market U.S Gold futures up 0.36% at $1,717.09. Elsewhere, Silver futures up 0.30% to $26.134 per ounce, Platinum up 0.419% at $1168.48 per ounce, and Palladium up 0.30% to $2,361.00.
Crude Oil up on Thursday; Brent crude oil up 1.02% to $64.53 barrel while U.S. West Texas Intermediate (CLc1) is up 2.12% at $62.01.
In the Cryptocurrency Markets, BTCUSD at 49329.23 down 2.07%, Ethereum at 1552.34 down 1.00%, Litecoin at 186.87 down 0.44%, at the time of writing.
TOP STOCKS TO WATCH OUT TODAY:
CARNIVAL Corp. up 3.915% at $28.67, ETSY Inc. down 12.507% at $208.61, DEXCOM Inc. down 5.922% to $368.7, FINSERV Inc. up 0.104% to $115.8, MODERNA Inc. down 10.619% to $131.22, KARFT HEINZ Co. up 1.769% at $37.98.
Economic news:
US: Racial and gender disparities lead to trillions of dollars in lost economic activity and a full recovery from the crisis caused by the pandemic will require structural changes that make it easier for women and minorities to find better paying jobs,
Philadelphia Federal Reserve Bank President Patrick Harker.
Black and Hispanic workers are experiencing unemployment rates that are sometimes twice as high as that of white workers, and women are leaving the workforce at higher rates than men, Harker said in remarks prepared for a virtual event organized by the Philadelphia Fed.
“Even with some hopeful signs as virus cases fall and the economy continues to reopen, I’m concerned that, as the broader economy climbs upward, far too many workers are being left behind,” he said.
Harker cited research from the San Francisco Fed estimating that gender and racial disparities in the labour market amount to about $2.6 trillion in economic losses. He said some workers will need help finding jobs, nodding to a tool recently launched by the Philadelphia Fed that helps workers identify similar, but better paying jobs that typically do not require a college degree.
Eurozone: The European Union promised legal action on Wednesday after the British government unilaterally extended a grace period for checks on food imports to Northern Ireland, a move Brussels said violated terms of Britain’s divorce deal.
Since it left the EU last year, Britain’s relations with the bloc have soured, with both sides accusing the other of acting in bad faith in relation to part of their trade agreement that covers goods movements to Northern Ireland.
The British government extended a grace period for some checks on agricultural and food products imported by retailers to Northern Ireland until Oct. 1 in a move it said was necessary to ensure the free flow of goods to the British region.
In a statement, the European Union expressed “strong concerns” at a move it said amounted to a violation of the substantive provisions of the Northern Ireland Protocol, the most contentious part of Britain’s divorce deal with the EU.
Important Data: UK Construction PMI (Feb) today at 4:30 this time estimated 51.0, previously which was 49.2. US Initial Jobless Claims today at 8:30 this time estimated 750K, previously which was 730K. US Nonfarm Productivity (QoQ) (Q4) today at 8:30 this time estimated -4.7%, previously which was -4.8%. CANADA Labour Productivity (QoQ) (Q4) today at 8:30 previously which was -10.3%. US Fed Chair Powell Speaks today at 12:05.
TECHNICAL SUMMARY

 

[CSFXNEWS]

TECHNICAL ANALYSIS REPORT – 05 MARCH 2021​

Asian stocks skidded to one-month lows on Friday. The Shanghai composite is up 0.03% at 3,504.12. Overall, the Singapore MSCI up 0.78% at 347.25. Over in Hong Kong, the Hang Seng Index down 0.21% to 29,012. In Japan, the Nikkei 225 down 1.17% at 28,640, while the Topix index is down 0.53% at 1881.0. South Korea’s Kospi down 0.28% to 3035.73. Australia S&P/ASX 200 down 0.74% at 6710.8.
European equities Thursday closing. The DAX futures contract in Germany traded 0.17% down at 14056.34, CAC 40 futures up 0.01% at 5830.7 and the UK 100 futures contract in the U.K. down 0.07% at 6,598.8.
In U.S. on Wall Street, the Dow Jones Industrial Average closed 1.11% down at 30924.1 the S&P 500 down 1.34% to 3768.5 and the Nasdaq 100 down 0.22% at 12462.1, NYSE closes at 14959.41 down 1.58%.
In the Forex market, GBPUSD down 0.05% at 1.38859. The USDJPY up 0.10% at 108.075. The USDCHF up 0.03% at 0.92887. EURUSD down 0.04% at 1.19584, EUR/GBP up 0.07% at 0.86119. The USD/CNY up 0.06% at 6.4730, at the time of writing.
In the commodity market U.S Gold futures down 0.08% at $1,696.00. Elsewhere, Silver futures down 0.45% to $25.219 per ounce, Platinum down 0.10% at $1126.81 per ounce, and Palladium up 0.28% to $2,346.50.
Crude Oil up on Friday; Brent crude oil up 0.63% to $67.40 barrel while U.S. West Texas Intermediate (CLc1) is up 3.34% at $64.08.
In the Cryptocurrency Markets, BTCUSD at 47144.58 down 2.51%, Ethereum at 1470.21 down 4.42%, Litecoin at 171.78 down 4.98%, at the time of writing.
TOP STOCKS TO WATCH OUT TODAY:
EXXON MOBIL Corp. up 3.875% at $58.71, WESTERN DIGITAL down 8.87% at $63.49, HP Inc. down 5.869% to $28.07, TWITTER Inc. down 5.8% to $66.75, FACEBOOK up 0.873% to $257.64, MODERNA Inc. up 0.823% at $132.3.
Economic news:
US: U.S. job growth likely accelerated in February as more services businesses reopened amid falling new COVID-19 cases, quickening vaccination rates and additional pandemic relief money from the government, putting the labor market recovery back on firmer footing and on course for further gains in the months ahead.
The Labour Department’s closely watched employment report on Friday will, however, also offer a reminder that as the United States enters the second year of the coronavirus pandemic the recovery remains excruciatingly slow, with millions of Americans experiencing long spells of joblessness and permanent unemployment.
Federal Reserve Chair Jerome Powell on Thursday offered an optimistic view of the labour market, but cautioned a return to full employment this year was “highly unlikely.”
“We will probably see more people having gone back on payrolls,” said Sung Won Sohn, a finance and economics professor at Loyola Marymount University in Los Angeles. “Many will be related to service jobs, but that will not mean a rapid increase in jobs. It’s a slow progress toward eventual full recovery.”
Eurozone: The United States agreed a four-month suspension of retaliatory tariffs imposed on British goods such as Scotch whisky over a long-running aircraft subsidy row, with both sides pledging to use the time to resolve the dispute.
The U.S. administration under former president Donald Trump had imposed tariffs on an array of European Union food, wine and spirits, including on Scotch whisky, which the industry says had put its future at risk. Britain is party to the dispute as a former member of the EU.
“The United Kingdom and the United States are undertaking a four-month tariff suspension to ease the burden on industry and take a bold, joint step towards resolving the longest running disputes at the World Trade Organization,” a joint statement said.
“This will allow time to focus on negotiating a balanced settlement to the disputes, and begin seriously addressing the challenges posed by new entrants to the civil aviation market from non-market economies, such as China.”
Important Data: US Nonfarm Payrolls (Feb) today at 8:30 this time estimated 182K, previously which was 49K. US Unemployment Rate (Feb) today at 8:30 this time estimated 6.3%, previously which was 6.3%. CANADA Trade Balance (Jan) today at 8:30 this time estimated -1.40B, previously which was -1.67B. US Federal Budget today at 14:00 previously which was -430B.
TECHNICAL SUMMARY