Daily Technical Analysis by Capital Street FX

DAILY REPORT ON 28TH FEB 2018

U.S. stocks suffered on Tuesday their biggest daily drops since the selloff three weeks ago after comments from Federal Reserve Chairman Jerome Powell revived fears about more interest-rate increases than expected this year.
Powell gave an upbeat view on the U.S. economy and said data has strengthened his confidence on inflation. Traders boosted bets the central bank will squeeze in a fourth rate hike this year following the remarks.
Powell's first semi-annual economic testimony as Fed chief before the U.S. Congress comes at a sensitive time for the market, which had been trying to recover from the recent selloff, which confirmed the market was in a correction, or down 10 percent from a Jan. 26, 2018 record high. Fears over rising rates in part had sparked the selloff.
The Dow Jones Industrial Average fell 299.24 points, or 1.16 percent, to 25,410.03, the S&P 500 lost 35.32 points, or 1.27 percent, to 2,744.28 and the Nasdaq Composite dropped 91.11 points, or 1.23 percent, to 7,330.35.
Asian shares extended losses on Wednesday and bonds were sold off as weak factory data from China revived worries about global economic growth amid fears of faster rate rises in the United States.
Japan's Nikkei stumbled 0.4 percent on a slightly firmer yen, while S&P futures slipped 0.3 percent.
China's blue-chip CSI300 skidded 0.8 percent while Shanghai's SSE Composite and Hong Kong's Hang Seng index each declined more than 1 percent.
Asian markets had opened mildly lower but selling intensified after data showed growth in China's manufacturing sector in February slowed more than expected to the weakest in over 1-1/2 years as the Lunar New Year holidays disrupted business activity and tougher pollution rules curtailed factory output.
Growth in China's services industry also slowed, suggesting the key sector was starting to display signs of fatigue. The services sector accounts for over half of China's economy.
In commodities, oil prices extended declines into a second day fell as industry data showed an increase in U.S. crude and gasoline stockpiles.

Brent crude futures fell 31 cents to $66.32 a barrel, while U.S. crude was last down 37 cents at $62.64.
Gold was 0.02 percent up at $1,318 an ounce. Silver lost 1.36% to $16.325 an ounce. Copper prices were 0.66% lower to $3.162 a pound. U.S. cotton is at $81.89.
Bitcoin is currently trading at 10,976, 6.39% higher on the Bitfinex exchange, from its previous close.
Ethereum was last trading at $885.00, 1.09% higher on the Bitfinex exchange on Wednesday. Ripple’s XRP token was 1.17% up on the Poloniex exchange, for the day. Litecoin was trading at $219.60, up by 1.21%.
Technicals:
EURGBP
Fig: EURGBP D1 Technical chart
EURGBP is trading in the positive zone on the daily charts. The market is trading below all the moving averages (9 day, 20 day, 50 day, 100 day and 200 day). The RSI is at 45.07. The MACD is below the signal line. The market is expected to trade in the positive territory.
Trade suggestion:
Buy stop at 0.87932, Take profit at 0.88006, and Stop loss at 0.87883
USDCHF
Fig: USDCHF D1 Technical charts
USDCHF is trading sideways on the daily charts. The market is trading above the 9 day and 20 day, but below the 50 day, 100 day and the 200 day moving averages. The RSI is at 51.59. The MACD is above the signal line. The positive bias is dominating the market.
Trade suggestion:
Buy stop at 0.93964, Take profit at 0.94203, Stop loss at 0.93913
GBPJPY
Fig: GBPJPY D1 Technical charts
GBPJPY is trading in the negative and below the resistance of the 200 day EMA on the daily chart. Currently, the price action is trading below all the moving averages (9 day, 20 day, 50 day 100 day, and 200 day). The RSI is at 38.62. The MACD is below the signal line. Negative bias is dominating the market.
Trade suggestion:
Sell limit at 148.680, Take profit at 148.300, Stop loss at 149.012
RIPPLE
Fig: RIPPLE D1Technical chart
XRP/USD is trading sideways zone on the daily chart. The RSI is nicely placed at 43.02. The market is trading below all the moving averages (9 day, 20 day, 50 day, 100 day, and 200 day). The MACD is ready to make a positive crossover above the signal line. The market is expected to trade in the positive territory.
Trade suggestion:
Buy limit at 0.9155, Take profit at 1.0160, Stop loss at 0.8579
NATURAL GAS
Fig: NATURAL GAS Technical chart
Natural gas is trading sideways on the daily charts. The market is trading below the 20 day moving average. The RSI is at 43.23. The MACD is ready to make a positive crossover above the signal line. Positive bias is dominating the market.
Trade suggestion:
Buy limit at 2.658, Take profit at 2.687, Stop loss at 2.655
COPPER
Fig: COPPER D1 Technical charts
Copper is trading in the negative zone on the daily charts. The market is trading below the 9 day, 20 day and 50 day, but above the 100 day and the 200 day moving averages. The RSI is at 46.69. The MACD is ready to make a negative crossover below the signal line. The market is expected to trade in the negative zone for the day.
Trade suggestion:
Sell stop at 3.1620, Take profit at 3.1545, Stop loss at 3.1710
CAC 40
Fig: CAC 40 Technical charts
CAC40 is trading in the negative zone, on the daily charts. Currently, the market is trading above all the moving averages (9 day, 20 day, 50 day, 100 day and 200 day). The RSI is at 50.69. The MACD is above the signal line. The market is expected to trade negative zone for the day.
Trade suggestion:
Sell limit at 5134, Take profit at 5260, Stop loss at 5337

DAILY REPORT ON 12TH MARCH, 2018

The Dow closed back above 25,000 and the Nasdaq ended at a record on Friday as Wall Street appeared to shake off worries about tariffs on steel and aluminum to focus on an unexpectedly strong jobs report.
The U.S. created 313,000 new jobs in February, the biggest gain since mid-2016 and a reflection of the strongest labor market in two decades. The unemployment rate was unchanged at 4.1%. Hourly pay rose 4 cents, or 0.1%, to $26.75 an hour, the government said Friday.
The Dow Jones Industrial Average was 1.77% surged 440.53 points, or 1.8%, to end at 25,335.74 for a weekly gain of 3.3%. This is the first time the blue-chip index closed above 25,000 since Feb. 28.
The S&P 500 index 1.74% climbed 47.60 points, or 1.7%, to close at 2,786.57, ending the week 3.5% higher. Financials, industrials and technology sectors all rallied more than 2%. The Nasdaq Composite Index 1.79% added 132.86 points, or 1.8%, to finish at 7,560.81, up 4.2% for the week.
A relief rally swept across Asian share markets on Monday after the latest U.S. jobs report managed to impress with its strength while also easing fears of inflation and faster rate hikes, a neat feat that whetted risk appetites globally.
South Korea rose 1 percent while Australia's main index added 0.7 percent, boosted by mining shares on news that Australia could be exempt from new U.S. trade tariffs on steel and aluminum imports. Japan's Nikkei jumped 1.2 percent, showing little immediate reaction as Prime Minister Shinzo Abe came under renewed fire over suspicions of cronyism involving the sale of state-owned land.
Brent crude futures rose 7 cents to $65.56 a barrel, after surging almost 3 percent on Friday. U.S. crude futures rose 6 cents to $62.10 a barrel.
Gold was steady on Monday at $1,322.60 an ounce. Silver lost 0.32% to $16.555 an ounce. Copper prices were 0.51% lower to $3.130 a pound. U.S. cotton is at $84.46, 0.01% higher.
Bitcoin is currently trading at 9,556.9, 8.93% higher on the Bitfinex exchange, from its previous close.
Ethereum was last trading at $724.74, 4.42% higher on the Bitfinex exchange on Monday. Ripple’s XRP token was 1.69% up on the Poloniex exchange, for the day. Litecoin was trading at $186.61, high by 4.16%.
Technicals:
EURGBP
Fig: EURGBP D1 Technical chart
EURGBP is trading sideways on the daily charts. The market is trading above all moving averages (9 day, 20 day, 50 day, 100 day and 200 day). The RSI is at 53.26. The MACD is above the signal line. The market is expected to trade in the positive territory.
Trade suggestion:
Buy stop at 0.88870, Take profit at 0.88965, and Stop loss at 0.88843
USDNOK
Fig: USDNOK D1 Technical charts
USDNOK is trading in the negative zone on the daily charts. The market is trading below all the moving averages (9 day, 20 day, 50 day, and 100 day). The RSI is at 42.83. The MACD has made a negative crossover below the signal line. The negative bias is dominating the market.
Trade suggestion:
Sell stop at 7.76092, Take profit at 7.73849, Stop loss at 7.77459
GBPJPY
Fig: GBPJPY D1 Technical charts
GBPJPY is trading sideways on the daily chart. Currently, the price action is trading below all the moving averages (9 day, 20 day 50 day, 100 day and 200 day). The RSI is at 44.70. The MACD is above the signal line. Negative bias is dominating the market.
Trade suggestion:
Sell limit at 147.720, Take profit at 147.330, Stop loss at 147.960
ETHERIUM
Fig: ETHERIUM D1Technical chart
ETH/USD is trading in the positive zone and is near the lower band of the Bollinger bands on the daily chart. The RSI is nicely placed at 39.27. The market is trading below all the moving averages (9 day, 20 day, 50 day, 100 day, and 200 day). The MACD is below the signal line. The market is expected to trade in the positive territory.
Trade suggestion:
Buy limit at 717.50, Take profit at 718.25, Stop loss at 716.95
COPPER
Fig: COPPER D1 Technical chart
Copper is trading in the negative zone on the daily charts. The market is trading below all the moving average (9 day, 20 day, 50 day, 100 day and 200 day). The RSI is at 45.52. The MACD is below the signal line. Negative bias is dominating the market.
Trade suggestion:
Sell limit at 3.1215, Take profit at 3.1145, Stop loss at 3.1315
COFFEE
Fig: COFFEE D1 Technical charts
Coffee is trading sideways on the daily charts. The market is trading below all the moving averages (9 day, 20 day, 50 day, 100 day and 200 day). The RSI is at 45.29. The MACD is ready to make a negative crossover below the signal line. The market is expected to trade in the negative zone for the day.
Trade suggestion:
Sell stop at 120.00, Take profit at 119.50, Stop loss at 120.35
S&P 500
Fig: S&P 500 Technical charts
S&P 500 has made higher highs and higher lows and is testing the upper band of the Bollinger bands on the daily charts. Currently, the market is trading above all the moving averages (9 day, 20 day, 50 day, 100 day and 200 day). The RSI is at 60.23. The MACD is above the signal line. The market is expected to trade in the positive zone for the day.
Trade suggestion:
Buy limit at 2798, Take profit at 2820, Stop loss at 2788

DAILY REPORT ON MARCH 13, 2018

U.S. stocks advanced on Monday, with gains in shares of chipmakers and technology giants helping Wall Street extend last week's rally that was powered by U.S. jobs data.
Gains in Apple, Amazon and chipmakers Broadcom and Micron Technology drove the S&P 500 higher.
Broadcom rose 2.9 percent following report that Intel was considering a possible bid for the company. General Electric rose 2.2 percent and was the biggest boost to the Dow.
The advances followed a near 2 percent gain for the main indexes on Friday after data showed sluggish wage growth in February, easing concerns about the Federal Reserve moving too fast on interest rate hikes.
The S&P and the Dow have nearly reclaimed those losses. Rapid gains in technology stocks have already powered the Nasdaq (IXIC) back to its record levels.
At 9:35 a.m. ET, the Dow Jones Industrial Average (DJI) was up 0.23 percent at 25,394.24. The S&P 500 (SPX) rose 0.17 percent at 2,791.32 and the Nasdaq Composite (IXIC) gained 0.25 percent to 7,579.83.
Asian stocks edged up on Tuesday with technology shares buoyed by gains in their Wall Street peers, but gains were limited ahead of U.S. inflation data later in the day which could offer clues on the pace of interest rate rises this year.
The index had surged 1.5 percent on Monday following firm U.S. jobs numbers on Friday, while low wage growth eased concerns about inflation and faster central bank rate hikes. But a mixed performance by U.S. shares overnight tempered the rally.
Japan's Nikkei recouped earlier losses and rose 0.7 percent, with gains in chip-related technology shares helping offset losses in steelmakers and automakers still weighed by concerns about U.S. tariffs on imported steel and aluminum. Shanghai dipped 0.1 percent.
In commodities, crude oil prices extended losses after sliding the previous day amid ongoing concerns over rising U.S. output.

U.S. crude futures lost 3 cents to $61.32 per barrel after losing 68 cents the previous day. Brent dipped 2 cents to $64.93 per barrel.
Gold was lower on Monday at $1,320.60 an ounce. Silver lost 0.19% to $16.505 an ounce. Copper prices were 0.29% lower to $3.115 a pound. U.S. cotton is at $83.25, 0.04% lower.
Bitcoin is currently trading at 9,391.8, 2.82% lower on the Bitfinex exchange, from its previous close.
Ethereum was last trading at $709.88, 2.54% higher on the Bitfinex exchange on Tuesday. Ripple’s XRP token was 2.54% down on the Poloniex exchange, for the day. Litecoin was trading at $179.62, high by 4.07%.
Technicals:
EURSEK
Fig: EURSEK D1 Technical chart
EURSEK is trading in the positive zone on the daily charts. The market is trading above all moving averages (9 day, 20 day, 50 day, 100 day and 200 day). The RSI is at 68.28. The MACD has made a negative crossover below the signal line. The market is expected to trade in the positive territory.
Trade suggestion:
Buy stop at 10.170, Take profit at 10.190, and Stop loss at 10.160
USDCHF
Fig: USDCHF D1 Technical charts
USDCHF is trading sideways on the daily charts. The market is trading below the 9 day, 20 day, and 50 day moving averages. The RSI is at 56.99. The MACD is above the signal line. The positive bias is dominating the market.
Trade suggestion:
Buy stop at 0.94831, Take profit at 0.95131, Stop loss at 0.94727
GBPUSD
Fig: GBPUSD D1 Technical charts
GBPUSD is trading in the positive zone on the daily chart. Currently, the price action is trading above all the moving averages (9 day, 20 day 50 day, 100 day and 200 day). The RSI is at 50.09. The MACD is ready to make a positive crossover above the signal line. Positive bias is dominating the market.
Trade suggestion:
Buy limit at 1.38950, Take profit at 1.39312, Stop loss at 1.38740
ZCASH
Fig: ZCASH D1Technical chart
ZEC/USD is trading in the negative zone and is near the lower band of the Bollinger bands on the daily chart. The RSI is nicely placed at 33.21. The market is trading below all the moving averages (9 day, 20 day, 50 day, 100 day, and 200 day). The MACD is below the signal line. The market is expected to trade in the negative territory.
Trade suggestion:
Sell limit at 281.750, Take profit at 268.560, Stop loss at 295.030
SILVER
Fig: SILVER D1 Technical chart
Silver is trading in the negative zone on the daily charts. The market is trading below all the moving average (9 day, 20 day, 50 day, 100 day and 200 day). The RSI is at 47.01. The MACD is above the signal line. Negative bias is dominating the market.
Trade suggestion:
Sell limit at 16.382, Take profit at 16.300, Stop loss at 16.410
COFFEE
Fig: COFFEE D1 Technical charts
Coffee is trading in the negative zone on the daily charts. The market is trading below all the moving averages (9 day, 20 day, 50 day, 100 day and 200 day). The RSI is at 42.96. The MACD is ready to make a negative crossover below the signal line. The market is expected to trade in the negative zone for the day.
Trade suggestion:
Sell stop at 119.55, Take profit at 118.80, Stop loss at 120.10
NASDAQ 100
Fig: NASDAQ 100 Technical charts
NASDAQ 100 has made higher highs and higher lows and is testing the upper band of the Bollinger bands on the daily charts. Currently, the market is trading above all the moving averages (9 day, 20 day, 50 day, 100 day and 200 day). The RSI is at 65.15. The MACD is above the signal line. The market is expected to trade in the positive zone for the day.
Trade suggestion:
Buy limit at 7138, Take profit at 7167, Stop loss at 7110

DAILY REPORT ON MARCH 16, 2018

The Dow Jones Industrial Average added more than 200 points on Thursday as industrial stocks gained after the White House trade adviser sought to play down chances of a trade war due to protectionist policies.
President Donald Trump's tough approach to global trade, including new tariffs on metals imports, will not necessarily provoke retaliation from trading partners, Peter Navarro, the top adviser on international economic exchanges, said on CNBC.
Thursday's gains helped the Dow (DJI) erase much of its losses since Trump announced tariff plans on March 1. The blue-chip index is still trading about 6 percent below its record highs hit on Jan. 26 and was last up 0.82 percent at 24,960.4 points. The S&P 500 pared some of its early gains and was up 0.13 percent at 2,752.97. The Nasdaq Composite fell 0.04 percent to 7,494.06 points.
U.S. Treasuries yield stood little changed at 2.822 percent in Asia after having hit a near two-week low of 2.797 percent on Thursday.
Asian stocks slid on Friday as reports of more chaos in the Trump administration tested investors' nerves, already frayed by fears that U.S. tariffs could hurt the global economy and trigger a trade war.
Japan's Nikkei (N225) was down 0.3 percent. Hong Kong's Hang Seng was 0.08% percent up and Australian stocks rose 0.48 percent. Shanghai composite was 0.04% lower at 3289.76.
Oil prices were little changed after ending choppy Thursday trade higher as the International Energy Agency said global oil demand is expected to pick up this year, but warned supply is growing at a faster pace.
Brent futures stood flat at $65.11 per barrel. WTI crude
Gold lost 0.02% at $1,317.50 an ounce. Silver gained 0.05% to $16.430 an ounce. Copper prices were 0.45% higher to $3.140 a pound. U.S. cotton is at $83.69, 0.13% higher.
Bitcoin is currently trading at 8,200, 5.38% higher on the Bitfinex exchange, from its previous close.
Ethereum was last trading at $607.98, 4.17% higher on the Bitfinex exchange on Friday. Ripple’s XRP token was 7.24% up on the Poloniex exchange, for the day. Litecoin was trading at $162.78, high by 6.28%.
Technicals:
USDNOK
USDNOK is trading in the negative zone on the daily charts. The market is trading below all the moving averages (9 day, 20 day, 50 day, 100 day, and 200 day). The RSI is at 37.31. The MACD is below the signal line. The market is expected to trade in the negative territory.
Trade suggestion:
Sell stop at 7.70651, Take profit at 7.68876, Stop loss at 7.71622
EURGBP
EURGBP is trading in the negative zone on the daily charts. The market is trading below all the moving averages (9 day, 20 day, 50 day, 100 day and 200 day). The RSI is at 43.29. The MACD is below the signal line. The negative bias is dominating the market.
Trade suggestion:
Sell stop at 0.88286, Take profit at 0.88200, Stop loss at 0.88325
GBPJPY
GBPJPY is trading in the negative zone on the daily chart. Currently, the price action is trading above all moving averages (9 day, 20 day, 50 day, 100 day and 200 day). The RSI is at 44.11. The MACD is above the signal line. Negative bias is dominating the market.
Trade suggestion:
Sell limit at 147.375, Take profit at 146.950, Stop loss at 147.550
BITCOIN CASH
BCH/USD is trading sideways just above the lower band of the Bollinger bands on the daily chart. The RSI is nicely placed at 35.69. The market is trading below all the moving averages (9 day, 20 day, 50 day, 100 day, and 200 day). The MACD is below the signal line. The market is expected to trade in the positive territory.
Trade suggestion:
Sell limit at 920.00, Take profit at 978.00, Stop loss at 900.00
SUGAR
Sugar is trading in the negative zone on the daily charts. The market is trading below all the moving average (9 day, 20 day, 50 day, 100 day and 200 day). The RSI is at 39.62. The MACD is below the signal line. Negative bias is dominating the market.
Trade suggestion:
Sell limit at 12.70, Take profit at 12.50, Stop loss at 12.85
COPPER
Copper is trading in the positive zone on the daily charts. The market is trading below all the moving averages (9 day, 20 day, 50 day and 100 day). The RSI is at 48.15. The MACD is ready to make a positive crossover above the signal line. The market is expected to trade in the positive zone for the day.
Trade suggestion:
Buy stop at 3.1395, Take profit at 3.14230, Stop loss at 3.1365
FTSE 100
FTSE 100 is trading sideways 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 48.15. The MACD is below the signal line. The market is expected to trade in the positive zone for the day.
Trade suggestion:
Buy limit at 7060, Take profit at 7100, Stop loss at 7030

DAILY REPORT ON MARCH 19, 2018

A slight gain on Friday was not enough to stop stocks from posting a loss this week, weighed down by fears of a possible trade war and White House turmoil.
The S&P 500 notched a 1.2 percent loss for the week, despite a 0.2 percent gain on Friday. The Dow Jones industrial average also fell 1.5 percent on the week as shares of Boeing dropped 6.8 percent on the trade tensions. The Dow closed 72.85 points higher on Friday at 24,946.51.
The Nasdaq composite closed flat at 7,481.99 amid a 1.4 percent decline in Google-parent Alphabet and a 0.7 percent fall in Amazon shares. The index also fell 1 percent for the week.
Tariffs on steel and aluminum imports are expected to come into effect in this week, after Trump signed two declarations last week. While Canada and Mexico are exempt from the deal, investors worry that countries around the world including China may strike back.
The dollar was a fraction firmer against a basket of currencies at 90.303 (DXY), while the euro eased 0.2 percent to $1.2264
Asian share markets traded mixed on Monday as caution gripped investors in a week in which the Federal Reserve is likely to hike U.S. interest rates and perhaps signal that as many as three more lie in store for the rest of the year.
Japan's Nikkei (N225) extended early losses to drop 0.9 percent as exporters were undermined by recent broad-based strength in the yen.
The prospect of higher U.S. interest rates was been a burden for non-yielding gold, which slipped 0.8 percent last week. Early Monday, the metal was down at $1,311.20 per ounce.
Oil prices eased after ending last week with a solid bounce. Brent futures (LCOc1) were down 40 cents at $65.81 a barrel, while U.S. crude (CLc1) futures for April, which expire on Tuesday, dipped 36 cents to $61.98 a barrel.
Bitcoin is currently trading at 8,270, 6.92% higher on the Bitfinex exchange, from its previous close.
Ethereum was last trading at $539.42, 3.88% higher on the Bitfinex exchange on Monday. Ripple’s XRP token was 8.91% up on the Poloniex exchange, for the day. Litecoin was trading at $154.19, high by 3.81%.
Technicals:
USDNOK
Fig: USDNOK D1 Technical chart
USDNOK is trading in the positive zone on the daily charts. The market is trading below all the moving averages (9 day, 20 day, 50 day, 100 day, and 200 day). The RSI is at 41.90. The MACD is below the signal line. The market is expected to trade in the positive territory.
Trade suggestion:
Buy stop at 7.73351, Take profit at 7.73876, Stop loss at 7.73022
EURGBP
Fig: EURGBP D1 Technical charts
EURGBP is trading sideways on the daily charts. The market is trading below all the moving averages (9 day, 20 day, 50 day, 100 day and 200 day). The RSI is at 39.29. The MACD is below the signal line. The negative bias is dominating the market.
Trade suggestion:
Sell stop at 0.88032, Take profit at 0.88000, Stop loss at 0.88060
GBPJPY
Fig: GBPJPY D1 Technical charts
GBPJPY is trading in the negative zone on the daily chart. Currently, the price action is trading above all moving averages (9 day, 20 day, 50 day, 100 day and 200 day). The RSI is at 42.55. The MACD is above the signal line. Negative bias is dominating the market.
Trade suggestion:
Sell limit at 147.190, Take profit at 146.900, Stop loss at 147.250
BITCOIN CASH
Fig: BITCOIN CASH D1Technical chart
BCH/USD is trading sideways just above the lower band of the Bollinger bands on the daily chart. The RSI is nicely placed at 38.83. The market is trading below all the moving averages (9 day, 20 day, 50 day, 100 day, and 200 day). The MACD is below the signal line. The market is expected to trade in the negative territory.
Trade suggestion:
Sell limit at 927.00, Take profit at 890.00, Stop loss at 945.00
SUGAR
Fig: SUGAR D1 Technical chart
Sugar is trading in the negative zone on the daily charts. The market is trading below all the moving average (9 day, 20 day, 50 day, 100 day and 200 day). The RSI is at 38.55. The MACD is below the signal line. Negative bias is dominating the market.
Trade suggestion:
Sell limit at 12.66, Take profit at 12.50, Stop loss at 12.75
COPPER
Fig: COPPER D1 Technical charts
Copper is trading in the positive zone on the daily charts. The market is trading below all the moving averages (9 day, 20 day, 50 day and 100 day). The RSI is at 42.89. The MACD is ready to make a positive crossover above the signal line. The market is expected to trade in the positive zone for the day.
Trade suggestion:
Buy stop at 3.0890, Take profit at 3.1030, Stop loss at 3.0765
FTSE 100
Fig: FTSE 100 Technical charts
FTSE 100 is trading sideways 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 47.15. The MACD is below the signal line. The market is expected to trade in the positive zone for the day.
Trade suggestion:
Buy limit at 7066, Take profit at 7100, Stop loss at 7035

DAILY REPORT ON JULY 11th, 2018
Tuesday's threat from the U.S. of a round of 10 percent tariffs on an additional $200 billion worth of Chinese imports could deliver a major blow to China's export sector if it takes effect. The new list shows that Washington is targeting key Chinese manufacturing export industries, said Rajiv Biswas, Asia Pacific chief economist at IHS Markit. By listing potential tariffs on goods including refrigerators, cotton, and steel and aluminum products, the Trump administration is going after China's electronics, textiles, metal products and auto parts industries. The list unveiled late Tuesday was the latest in an ongoing trade dispute between the world's two largest economies.

1. stock futures traded lower Tuesday night after the White House announced a list of tariffs on $200 billion Chinese goods. Dow Jones mini futures fell 1 percent as investors digested the latest escalation in trade tensions between the two economies. The implied open for the Dow Jones Industrial Average was more than 200 points lower. The implied opens for the S&P 500 and the Nasdaq were also in the red.

On Wednesday, the MSCI’s broadest index of Asia-Pacific shares outside Japan was down about 1 percent, while the main indexes in Hong Kong and Shanghai recovered somewhat after falling more than 2 percent. S&P 500 and Dow futures dropped around 1 percent, pointing to a weak opening on Wall Street later on Wednesday.
China markets dropped on the back of the news, with the Shanghai Composite sinking 1.89 percent but trading above its intraday low. The index had closed higher for its third consecutive session on Tuesday after a recent bout of weakness took the benchmark into bear market territory — referring to a fall of at least 20 percent from recent highs — where it currently remains in.
A measure of Australian consumer sentiment jumped to its highest since late 2013 in July amid growing optimism on the economic outlook and on the prospect of future promised tax cuts.The index was up 9.8 percent on July last year at 106.1, meaning optimists clearly outnumbered pessimists.
The onshore yuan tracked its offshore counterpart lower with traders closely watching the key 6.7 per dollar level as pressure mounted on the currency.
The yen, often sought in times of political tensions and market turmoil, gained against a number of peers.
The dollar traded at 111.02 yen, pulled back from a near two-month peak of 111.355.
The euro fell 0.2 percent to 130.175 yen and the Australian dollar lost 0.7 percent to 82.24 yen.
Oil prices declined after the United States said it would consider requests from some countries to be exempted from sanctions it will put into effect in November that prevents Iran from exporting oil. Brent crude futures lost 0.8 percent to $78.22 a barrel. Oil had risen the previous day, supported by a larger-than expected U.S. stock draw and supply concerns in Norway and Libya.
Industrial metals sank with the trade war threatening global growth. Copper on the London Metal Exchange sank roughly 3 percent to brush $6,092.50 per tonne, lowest since July 2017, before pulling back a little to $6,165.00. Zinc fell as much as 4.8 percent to $2,503 per tonne, its lowest since June 2017.
Major cryptocurrencies may be off their December highs on the price front, but developments on the regulatory and infrastructure front continue to move ahead. That's leading some in the space to remain relatively bullish on prices. Back then, December, price was at $20,000 all-time high.for 2018, we're going to see $5,000 and $60,000. So $5,000, we pretty much hit it, so let's see if we can do the $60,000. I'm still quite confident," Julian Hosp, president and co-founder of crypto wallet and card start-up TenX, told CNBC's Akiko Fujita at the RISE tech conference in Hong Kong.

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DAILY REPORT - 22 MAY 2020

Futures on major US indices were trading in positive territory at the time of writing. Dow Jones and S&P 500 futures inched up to 24407 and 2944 respectively at the time of writing.
On the earnings front, Alibaba and Tsakos Energy are scheduled to release their quarterly results before the market open on Friday.
On the economic front, Canada’s Retail Sales data for March is scheduled to be released today at 8:30 am ET. Retail Sales are expected to fall by 10.0% on a month-on-month basis.
European equities were trading slightly lower on Friday morning. In the Cash Markets, the CAC 40 and the DAX 30 were up 0.45% each at the time of writing.
On the data front, UK’s Retail Sales (MoM) for April released earlier today came in at -18.1%. Retail Sales were below the consensus estimates of a fall of 16.0%.
Asia-Pacific markets closed in negative territory on the last trading day of the week. The ASX 200 dropped 0.96% to close at 5,497.00. The Shanghai Composite fell 1.89% to finish its trading day at 2,813.77. The Nikkei 225 declined 0.8% to close at 20,388.16.
On the Interest-rate front, the Bank of Japan maintained its short-term interest rate target at -0.1% and a pledge to guide a 10-year government bond yield around 0% on Friday. The BoJ also unveiled a lending program to channel about $280 billion to small businesses hit by the China-linked virus.
On the data front, Japan’s National Core CPI (YoY) for April released earlier today came in at -0.2%. Core CPI was below the market expectation of a fall of 0.1%.
US Dollar Index futures inched up 0.42% to 99.81 at the time of writing. The US dollar advanced today after Sino-US tensions boosted demand for safe-haven currencies.
In the Commodity Markets, Silver inched down to 17.030 and Gold rose to 1733.39 at the time of writing. In news related to commodity markets, crude prices dropped today as tensions increased between Beijing and Washington, and doubts grew about the pace of demand recovery from the pneumonia-causing virus crisis.
In the Cryptocurrency Markets, Bitcoin and Ethereum fell to 9,166.42 and 202.90 respectively at the time of writing. In news related to the cryptocurrency markets, prices of major cryptocurrencies were trading lower on Friday morning. Bitcoin’s market capitalization fell to $168.51B at the time of writing.

TECHNICAL SUMMARY

EUR/USD
https://www.capitalstreetfx.com/en/w...5-1024x422.png
EUR/USD D1
https://www.capitalstreetfx.in/wp-co...20/05/a-15.png
TRADE SUGGESTION- STOP SELL AT 1.08950 TAKE PROFIT AT 1.08550 STOP LOSS AT 1.09150

USD/JPY
https://www.capitalstreetfx.com/en/w...5-1024x422.png
USD/JPY D1
https://www.capitalstreetfx.in/wp-co...20/05/b-15.png
TRADE SUGGESTION- LIMIT SELL AT 107.560 TAKE PROFIT AT 107.160 STOP LOSS AT 107.760

EUR/JPY
https://www.capitalstreetfx.com/en/w...5-1024x423.png
EUR/JPY D1
https://www.capitalstreetfx.in/wp-co...20/05/c-15.png
TRADE SUGGESTION- LIMIT SELL AT 117.200 TAKE PROFIT AT 116.800 STOP LOSS AT 117.400

AUD/USD
https://www.capitalstreetfx.com/en/w...5-1024x425.png
AUD/USD D1
https://www.capitalstreetfx.in/wp-co...20/05/d-15.png
TRADE SUGGESTION- STOP SELL AT 0.65200 TAKE PROFIT AT 0.64940 STOP LOSS AT 0.65330

NATURAL GAS
https://www.capitalstreetfx.com/en/w...5-1024x425.png
NATURAL GAS D1
https://www.capitalstreetfx.in/wp-co...20/05/e-14.png
TRADE SUGGESTION- STOP BUY AT 1.690 TAKE PROFIT AT 1.726 STOP LOSS AT 1.672

SILVER
https://www.capitalstreetfx.com/en/w...5-1024x425.png
SILVER D1
https://www.capitalstreetfx.in/wp-co...20/05/f-15.png
TRADE SUGGESTION- STOP BUY AT 17.000 TAKE PROFIT AT 17.300 STOP LOSS AT 16.850

NASDAQ 100
https://www.capitalstreetfx.com/en/w...5-1024x422.png
NASDAQ 100 D1
https://www.capitalstreetfx.in/wp-co...20/05/g-15.png
TRADE SUGGESTION- LIMIY BUY AT 9330 TAKE PROFIT AT 9430 STOP LOSS AT 9280

DOW JONES
https://www.capitalstreetfx.com/en/w...5-1024x423.png
DOW JONES D1
https://www.capitalstreetfx.in/wp-co...20/05/h-15.png
TRADE SUGGESTION- LIMIT BUY AT 24350 TAKE PROFIT AT 24750 STOP LOSS AT 24150

DAILY REPORT - 26 MAY 2020


Futures on major US indices were trading in positive territory at the time of writing. Dow Jones and S&P 500 futures rose to 25031 and 3020.12 respectively at the time of writing.
On the earnings front, Hibbett Sports and Viomi Technology are scheduled to release their quarterly results before the market open on Tuesday.
On the economic front, US New Home Sales for April is scheduled to be released today at 10 am ET. Sales are expected to fall to 490K from 627K in the previous month.
European equities were trading higher on Tuesday morning. In the Cash Markets, the CAC 40 and the DAX 30 were up 1.39% and 1.00% respectively at the time of writing.
On the data front, GfK German Consumer Climate for June released earlier today came in at -18.9. The index reading was below the consensus estimates of -18.3.
Asia-Pacific markets closed in positive territory on Tuesday. The ASX 200 advanced 2.93% to close at 5,780. The Shanghai Composite rose 1.01% to finish its trading day at 2,846.55. The Nikkei 225 surged 2.55% to close at 21,271.17.
On the data front, the Japanese All Industry Activity Index (MoM) for March released earlier today came in at -3.8%. The index was better-than-the consensus estimates of a fall of 4.8%.
US Dollar Index futures inched down 0.70% to 99.09 at the time of writing. The pound advanced against the dollar today after the UK PM set out plans to reopen thousands of high street shops, department stores, and shopping centers in June. The euro rose today as growing optimism about a global recovery from the coronavirus pandemic supported riskier currencies.
In the Commodity Markets, Silver rose to 17.380 and Gold inched down to 1725.60 at the time of writing. In news related to commodity markets, crude prices gained today due to growing optimism in the market that producers will stick to commitments to lower oil supply and also on hopes for a recovery in oil demand.
In the Cryptocurrency Markets, Bitcoin rose to 8,862.28 and Ethereum fell to 202.01 at the time of writing. In news related to the cryptocurrency markets, prices of major cryptocurrencies were trading mostly lower on Tuesday morning. Bitcoin’s market capitalization rose to $162.94B at the time of writing.

TECHNICAL SUMMARY

EUR/USD
https://www.capitalstreetfx.com/en/w...7-1024x426.png
EUR/USD D1

https://www.capitalstreetfx.in/wp-co...20/05/a-17.png

TRADE SUGGESTION- STOP BUY AT 1.09610 TAKE PROFIT AT 1.10000 STOP LOSS AT 1.09410

USD/JPY
https://www.capitalstreetfx.com/en/w...7-1024x424.png
USD/JPY D1
https://www.capitalstreetfx.in/wp-co...20/05/b-17.png

TRADE SUGGESTION- LIMIT BUY AT 107.560 TAKE PROFIT AT 107.960 STOP LOSS AT 107.360

EUR/JPY
https://www.capitalstreetfx.com/en/w...7-1024x422.png
EUR/JPY D1
https://www.capitalstreetfx.in/wp-co...20/05/c-17.png

TRADE SUGGESTION- LIMIT BUY AT 117.900 TAKE PROFIT AT 118.300 STOP LOSS AT 117.700

AUD/USD
https://www.capitalstreetfx.com/en/w...7-1024x423.png
AUD/USD D1
https://www.capitalstreetfx.in/wp-co...20/05/d-17.png

TRADE SUGGESTION- STOP BUY AT 0.66410 TAKE PROFIT AT 0.66670 STOP LOSS AT 0.66280

NATURAL GAS
https://www.capitalstreetfx.com/en/w...7-1024x422.png
NATURAL GAS D1
https://www.capitalstreetfx.in/wp-co...20/05/e-16.png

TRADE SUGGESTION- STOP BUY AT 1.900 TAKE PROFIT AT 1.937 STOP LOSS AT 1.882

SILVER
https://www.capitalstreetfx.com/en/w...7-1024x424.png
SILVER D1
https://www.capitalstreetfx.in/wp-co...20/05/f-17.png

TRADE SUGGESTION- STOP BUY AT 17.300 TAKE PROFIT AT 17.600 STOP LOSS AT 17.150

NASDAQ 100
https://www.capitalstreetfx.com/en/w...8-1024x425.png
NASDAQ 100 D1
https://www.capitalstreetfx.in/wp-co...20/05/g-17.png

TRADE SUGGESTION- LIMIT BUY AT 9520 TAKE PROFIT AT 9620 STOP LOSS AT 9480

DOW JONES
https://www.capitalstreetfx.com/en/w...7-1024x424.png
DOW JONES D1
https://www.capitalstreetfx.in/wp-co...20/05/h-17.png

TRADE SUGGESTION- LIMIT BUY AT 24960 TAKE PROFIT AT 25360 STOP LOSS AT 24760

Daily Report - 14 July 2020

Dow futures were trading at 25998 while Nasdaq 100 and S&P 500 futures inched up to 10,630 and 3150.88 respectively, at the time of writing.
On the earnings front, JP Morgan Chase & Co and Wells Fargo & Co are scheduled to report their quarterly results before the market opens on Tuesday.
On the economic front, the US API will report the weekly crude oil stock for the week ended on 10th July on Tuesday. The previously reported crude oil inventories stood at 2.000M barrels.
European equities were trading in positive territory. In Cash Markets, the CAC 40 was trading at 5056.23 while the DAX inched up 1.32% to 12799.97, at the time of writing.
On the data front, the UK will report its Claimant Count Change numbers for June on Tuesday. The previous number of Unemployed people in the UK stood at 528.9K. The market forecasts a significant reduction in the unemployed labor market to 250.0K in the UK.
Asia-Pacific markets were trading in negative territory in the cash markets on Tuesday. The ASX 200 was trading at 5932.60 while the Shanghai Composite and Nikkei 225 were trading at 3391.32 and 22,569.50 respectively, at the time of writing.
On the data front, the Bank of Japan will report the quarterly outlook for this quarter on Tuesday which will provide the insight into the BOJ’s view of economic conditions and inflation that will further shape the monetary policy.
US Dollar Index futures inched up 0.11% to 96.513 and British Pound futures declined 0.21% to 1.2552, at the time of writing. The US dollar inched up as investors are turning to safe-haven currencies because of fall in the prices of gold.
In the Commodity Markets, Silver declined by 1.52% to 19.488 and Gold inched down 0.61% to 1803.10 at the time of writing. Brent oil prices declined to 42.28 at the time of writing. Weak global demand continues to pressure prices as a rapid resurgence in covid-19 cases keeps people indoors and large sections of the economy remain shut.
In the Cryptocurrency Markets, Bitcoin and Ethereum declined to 9,201.9 and 242.55 respectively at the time of writing. In news related to the cryptocurrency markets, Just two months after May’s Bitcoin halving event, both hash rate and difficulty have shrugged off post halving dips to hit new all-time highs. Following last week’s record-high Bitcoin hash rate, the latest difficulty adjustment saw a change of +9.89%, bringing the level to a new all-time high of over 17.3 trillion on July 13.

TECHNICAL SUMMARY

EUR/USD
https://www.capitalstreetfx.com/en/w...RUSD-min-6.png
EUR/USD D1
https://www.capitalstreetfx.com/en/w...SD-2-min-1.png

TRADE SUGGESTION- BUY AT 1.13412, TAKE PROFIT AT 1.14000 AND STOP AT 1.12950

USD/JPY
https://www.capitalstreetfx.com/en/w...DJPY-min-6.png
USD/JPY D1
https://www.capitalstreetfx.com/en/w...JPYT-min-1.png

TRADE SUGGESTION –BUY AT 107.271, TAKE PROFIT AT 107.800 AND STOP AT 106.900

EUR/JPY
https://www.capitalstreetfx.com/en/w...RJPY-min-6.png
EUR/JPY D1
https://www.capitalstreetfx.com/en/w...JPYT-min-1.png

TRADE SUGGESTION- BUY AT 121.575, TAKE PROFIT AT 122.000 AND STOP AT 121.150

AUD/USD
https://www.capitalstreetfx.com/en/w...DUSD-min-6.png
AUD/USD D1
https://www.capitalstreetfx.com/en/w...USUSDT-min.png

TRADE SUGGESTION- SHORT SELL AT 0.69314, TAKE PROFIT AT 0.68500 AND STOP AT 0.69600

NATURAL GAS
https://www.capitalstreetfx.com/en/w...-Gas-min-3.png
NATURAL GAS
https://www.capitalstreetfx.com/en/w...7/NGAS-min.png

TRADE SUGGESTION- SHORT SELL AT 1.692, TAKE PROFIT AT 1.6300 AND STOP AT 1.7200

GOLD
https://www.capitalstreetfx.com/en/w...Gold-min-1.png
GOLD D1
https://www.capitalstreetfx.com/en/w.../GOLDT-min.png

TRADE SUGGESTION- BUY AT 1798.88, TAKE PROFIT AT 1815.50 AND STOP AT 1787.00

DOW JONES
https://www.capitalstreetfx.com/en/w...ndex-min-4.png
DOW JONES D1
https://www.capitalstreetfx.com/en/w...JONEST-min.png

TRADE SUGGESTION- SHORT SELL AT 25966, TAKE PROFIT AT 25500 AND STOP AT 26200.

DAILY REPORT - 15TH JULY 2020

Dow futures were trading at 26782.50 while Nasdaq 100 and S&P 500 futures inched up to 10,706.50 and 3210.12 respectively, at the time of writing.
On the earnings front, Bank of NY Mellon and Goldman Sachs Group Inc are scheduled to report their quarterly results before the market opens on Wednesday.
On the economic front, Canada will report the Core CPI (MoM) for June on Wednesday. The CPI reports the change in consumer prices for goods and services, serving as a key indicator of the underlying strength in consumer demand, helping policy makers decide on future monetary policy. The previous index reading stood at -0.1%.
European equities were trading in negative territory. In the Cash Markets, the CAC 40 was trading at 5007.46 while the DAX inched down 0.80% to 12697.36, at the time of writing.
On the data front, the UK reported its Consumer Price Index (YoY) for June on Wednesday. The change in the price of goods and services, as reported by the index reading stood at 0.6%, beating the consensus estimates at 0.4%.
Asia-Pacific markets were trading in a mixed territory in the cash markets on Wednesday. The ASX 200 rose 1.88% and was trading at 6052.90. The Shanghai Composite declined 1.54% to 3362.09 and Nikkei 225 inched up 1.59% to 22,945.94, at the time of writing.
On the data front, China will report Q2 GDP numbers on Wednesday. The total annualized change In the inflation adjusted value of goods and services produced in china is expected to come in at 2.5%.
US Dollar Index futures inched down 0.12% to 96.090 and British Pound futures rose 0.31% to 1.2600, at the time of writing. The US Dollar Index futures were down on Wednesday as investors continued the previous session’s retreat from the safe-haven asset as data released on Tuesday indicated increased U.S. inflation.
In the Commodity Markets, Silver rose by 0.78% to 19.683 and Gold inched down 0.15% to 1810.70 at the time of writing. Brent oil prices rose to 43.09 at the time of writing. Weak global demand continues to pressure prices as a rapid resurgence in covid-19 cases keeps people indoors and large sections of the economy remain shut.
In the Cryptocurrency Markets, Bitcoin and Ethereum rose to 9,225.2 and 239.44 respectively at the time of writing. In news related to the cryptocurrency markets, Digital asset data firm Brave New Coin (BNC) has inked a multi-year deal with the Toronto Futures Options Swaps Exchange (TFOSE) to power its crypto options trading. BNC’s data will enable the new Canadian derivatives exchange and clearinghouse to offer cash-settled crypto derivatives to global clients.


TECHNICAL SUMMARY

EUR/USD
https://www.capitalstreetfx.com/en/w...RUSD-min-7.png
EUR/USD D1
https://www.capitalstreetfx.com/en/w...USDT-min-1.png

TRADE SUGGESTION- BUY AT 1.14300, TAKE PROFIT AT 1.14935 AND STOP AT 1.13800

USD/JPY
https://www.capitalstreetfx.com/en/w...DJPY-min-7.png
USD/JPY D1
https://www.capitalstreetfx.com/en/w...JPYT-min-2.png

TRADE SUGGESTION –SHORT SELL AT 106.978, TAKE PROFIT AT 106.400 AND STOP AT 107.300

EUR/JPY
https://www.capitalstreetfx.com/en/w...RJPY-min-7.png
EUR/JPY D1
https://www.capitalstreetfx.com/en/w...EURJPT-min.png

TRADE SUGGESTION- BUY AT 122.398, TAKE PROFIT AT 123.000 AND STOP AT 122.000

AUD/USD
https://www.capitalstreetfx.com/en/w...DUSD-min-7.png
AUD/USD D1
https://www.capitalstreetfx.com/en/w...USDT-min-1.png

TRADE SUGGESTION- BUY AT 0.70071, TAKE PROFIT AT 0.70250 AND STOP AT 0.69900

NATURAL GAS
https://www.capitalstreetfx.com/en/w...-Gas-min-4.png
NATURAL GAS
https://www.capitalstreetfx.com/en/w...URALGT-min.png

TRADE SUGGESTION- BUY AT 1.750, TAKE PROFIT AT 1.850 AND STOP AT 1.700

GOLD
https://www.capitalstreetfx.com/en/w...Gold-min-2.png
GOLD D1
https://www.capitalstreetfx.com/en/w...OLDT-min-1.png

TRADE SUGGESTION- BUY AT 1813.28, TAKE PROFIT AT 1830.20 AND STOP AT 1802.40

NASDAQ 100
https://www.capitalstreetfx.com/en/w...-Index-min.png
NASDAQ 100 D1
https://www.capitalstreetfx.com/en/w...ASDAQ1-min.png

TRADE SUGGESTION- BUY AT 10695.90, TAKE PROFIT AT 11000 AND STOP AT 10500.

DAILY REPORT - 17th JULY 2020

Dow futures were trading at 26615.50 while Nasdaq 100 and S&P 500 futures inched down to 10,592.75 and 3205.12 respectively, at the time of writing.

On the earnings front, BlackRock Inc and State Street Corp are scheduled to report their quarterly results before the market opens on Friday.

On the economic front, the US will report the Building Permits for June on Friday. Building Permits measures the change in the number of new building permits issued by the government and is a key indicator of demand in the housing market. The previous building permits stood at 1.216M and the market forecasts the building permits to come in at 1.290M..

European equities were trading in positive territory. In the Cash Markets, the CAC 40 was trading at 5090.82 while the DAX inched up 0.30% to 12913.90, at the time of writing.

On the data front, the Eurozone will report CPI (YoY) for June on Friday. The Consumer Price Index (CPI) measures the change in the price of goods and services from the perspective of the consumer and is a key indicator to measure changes in purchasing trends and inflation. The consensus estimates CPI to come in at 0.1%.

Asia-Pacific markets were trading in a mixed territory in the cash markets on Friday. The ASX 200 rose 0.38% and was trading at 6033.60. The Shanghai Composite rose 0.13% to 3214.13 and Nikkei 225 inched down 0.32% to 22,696.42, at the time of writing.

On the data front, Japan will report Trade Balance for June on Friday. The Trade Balance measures the difference in value between imported and exported goods and services over the reported period. The Trade Balance is expected to come in at -35.8B.

US Dollar Index futures inched down 0.10% to 96.222 and British Pound futures rose 0.03% to 1.2553, at the time of writing. US Dollar Index futures declined on Friday as traders looked past the resurgence in coronavirus cases around the globe and focused on the likelihood of financial stimulus ahead, easing flows into safe haven currencies.

In the Commodity Markets, Silver declined by 0.55% to 19.645 and Gold inched up 0.03% to 1800.65 at the time of writing. Brent oil prices roseto 43.08 at the time of writing. Oil prices edged lower on Friday, with trading marked by growing uncertainty about global recovery in fuel demand as new COVID-19 cases surge in several countries just as major producers get set to loosen production curbs.

In the Cryptocurrency Markets, Bitcoin declined 0.07% to 9,119.50 and Ethereum inched up 0.22% to 233.33 respectively in the last 24 hours, at the time of writing. In news related to the cryptocurrency markets, recent data from Skew shows that open interest for Bitcoin has been rising on the Bybit crypto trading platform, reaching a new high at $434 million on July 14 for the Tether (USDT) and USD pairs combined. Open interest is the value locked in a derivatives contract like a futures or option contract and it allows investors to gauge money flows into and out of these contracts.

TECHNICAL SUMMARY

EUR/USD
https://www.capitalstreetfx.com/en/w...RUSD-min-9.png
EUR/USD D1
https://www.capitalstreetfx.com/en/w...USD-min-10.png

TRADE SUGGESTION- BUY AT 1.13845, TAKE PROFIT AT 1.14500 AND STOP AT 1.13404

USD/JPY
https://www.capitalstreetfx.com/en/w...DJPY-min-9.png
USD/JPY D1
https://www.capitalstreetfx.com/en/w...JPY-min-10.png

TRADE SUGGESTION –SHORT SELL AT 107.098, TAKE PROFIT AT 106.100 AND STOP AT 107.600

EUR/JPY
https://www.capitalstreetfx.com/en/w...RJPY-min-9.png
EUR/JPY D1
https://www.capitalstreetfx.com/en/w...JPY-min-10.png

TRADE SUGGESTION- BUY AT 122.010, TAKE PROFIT AT 123.200 AND STOP AT 121.500

AUD/USD
https://www.capitalstreetfx.com/en/w...DUSD-min-8.png
AUD/USD D1
https://www.capitalstreetfx.com/en/w...DUSD-min-9.png

TRADE SUGGESTION- BUY AT 0.69900, TAKE PROFIT AT 0.70450 AND STOP AT 0.69450

NATURAL GAS
https://www.capitalstreetfx.com/en/w...-Gas-min-6.png
NATURAL GAS
https://www.capitalstreetfx.com/en/w...-GAS-min-7.png

TRADE SUGGESTION- SHORT SELL AT 1.701, TAKE PROFIT AT 1.600 AND STOP AT 1.750

GOLD
https://www.capitalstreetfx.com/en/w...Gold-min-4.png
GOLD D1
https://www.capitalstreetfx.com/en/w...GOLD-min-5.png

TRADE SUGGESTION- BUY AT 1803.05, TAKE PROFIT AT 1820.00 AND STOP AT 1790.00

NASDAQ 100
https://www.capitalstreetfx.com/en/w...ndex-min-2.png
NASDAQ 100 D1
https://www.capitalstreetfx.com/en/w...AQ-100-min.png

TRADE SUGGESTION- BUY AT 10607.50, TAKE PROFIT AT 10900 AND STOP AT 10400.

DAILY REPORT - 20th JULY 2020

Dow futures were trading at 26442.50 while Nasdaq 100 and S&P 500 futures inched down to 10,581.25 and 3203.62 respectively, at the time of writing.

On the earnings front, Auto Nation Inc and Bank of Marin Bancorp are scheduled to report their quarterly results before the market opens on Monday.

On the economic front, the Central Bank of Brazil will release the Focus Market Report which will provide weekly mean market expectations for inflation over following 12 months and the following year, as well as expectations for real GDP growth, net public sector debt/GDP, industrial production growth, current account, and trade balance.

European equities were trading in mixed territory. In the Cash Markets, the CAC 40 was trading lower by 0.31% at 5069.42 while the DAX inched up 0.35% to 12919.61, at the time of writing.

On the data front, Germany reported the PPI (MoM) for June on Monday. The German Producer Price Index (PPI) measures the change in the price of goods sold by manufacturers. The PPI reading came in at 0.00%, lower than the consensus estimates of 0.20%.

Asia-Pacific markets were trading in mixed territory in the cash markets on Monday. The ASX 200 declined 0.53% and was trading at 6001.60. The Shanghai Composite rose 2.35% to 3289.78 and Nikkei 225 inched up 0.02% to 22,700.00, at the time of writing.

On the data front, Japan will report National Core CPI (YoY) for June on Monday. The National Core Consumer Price Index (CPI) measures the change in the price of goods and services purchased by consumers, excluding fresh food. The National Core CPI reading is expected to come in at -0.1%.

US Dollar Index futures inched down 0.04% to 95.850 and British Pound futures declined 0.21% to 1.2546, at the time of writing. US Dollar Index futures declined on Monday as a result of growing uncertainties among traders regarding the fresh economic stimulus to be announced by the government amid increasing Covid-19 infections in the US.

In the Commodity Markets, Silver declined by 0.21% to $19.723 and Gold inched up 0.03% to $1800.60 at the time of writing. Brent oil prices declined by 0.70% to $42.84, at the time of writing. Oil prices fell on Monday, unnerved by the prospect that a recovery in fuel demand could be derailed by a rise in the pace of coronavirus infections around the world.

In the Cryptocurrency Markets, Bitcoin rose 0.30% to 9,185.70 and Ethereum inched up 1.73% to 238.80 respectively in the last 24 hours. In news related to the cryptocurrency markets, Synthetix unveiled its new decentralized asset management platform dHedge, emerging out of stealth mode. The Platform takes advantage of non-custodial mimetic trading for Synths or tokens that provide exposure to assets such as gold, Bitcoin and the U.S. dollar on the Ethereum blockchain.



TECHNICAL SUMMARY

EUR/USD

EUR/USD D1

TRADE SUGGESTION- BUY AT 1.14492, TAKE PROFIT AT 1.15035 AND STOP AT 1.14160

USD/JPY

USD/JPY D1

TRADE SUGGESTION –BUY AT 107.133, TAKE PROFIT AT 106.850 AND STOP AT 106.650

EUR/JPY
https://www.capitalstreetfx.com/en/w...JPY-min-11.png
EUR/JPY D1
https://www.capitalstreetfx.com/en/w...URJPYT-min.jpg

TRADE SUGGESTION- BUY AT 122.838, TAKE PROFIT AT 123.700 AND STOP AT 122.049

AUD/USD
https://www.capitalstreetfx.com/en/w...USD-min-10.png
AUD/USD D1
https://www.capitalstreetfx.com/en/w...UDUSDT-min.jpg

TRADE SUGGESTION- BUY AT 0.69968, TAKE PROFIT AT 0.70635 AND STOP AT 0.69580

NATURAL GAS
https://www.capitalstreetfx.com/en/w...-Gas-min-8.png
NATURAL GAS
https://www.capitalstreetfx.com/en/w...ALGAST-min.jpg

TRADE SUGGESTION- SHORT SELL AT 1.672, TAKE PROFIT AT 1.600 AND STOP AT 1.720

GOLD
https://www.capitalstreetfx.com/en/w...Gold-min-6.png
GOLD D1
https://www.capitalstreetfx.com/en/w.../GOLDT-min.jpg

TRADE SUGGESTION- BUY AT 1811.85, TAKE PROFIT AT 1822.20 AND STOP AT 1800.00

NASDAQ 100
https://www.capitalstreetfx.com/en/w...ndex-min-3.png
NASDAQ 100 D1
https://www.capitalstreetfx.com/en/w...AQ100T-min.jpg

TRADE SUGGESTION- BUY AT 10612.25, TAKE PROFIT AT 10938 AND STOP AT 10400.

DAILY REPORT - 21st JULY 2020

#CAPITALSTREETFX #TRADESIGNALS

Dow futures were trading higher at 26701.00 while Nasdaq 100 and S&P 500 futures inched up to 11,022.50 and 3256.88 respectively, at the time of writing.

On the earnings front, Coca-Cola Co and Capital City Bank Group Inc are scheduled to report their quarterly results before the market opens on Tuesday.

On the economic front, Canada will report the Core Retail Sales for May on Tuesday. Core Retail Sales measures the change in the total value of sales at the retail level in Canada, excluding automobiles and is an important indicator of consumer spending. The previous reading stood at -22.00% but the market estimates the reading to come in at 12.00%.

European equities were trading in mixed territory. In the Cash Markets, the CAC 40 was trading higher by 0.47% at 5093.18 while the DAX inched up 0.99% to 13046.92, at the time of writing.

On the economic front, The European Commission, the executive arm of the EU, has been tasked with tapping financial markets to raise an unprecedented 750 billion euros ($857 billion). The funds will be distributed among the countries and sectors most impacted by the coronavirus pandemic and will take the form of grants and loans.

Asia-Pacific markets were trading in positive territory in the cash markets on Tuesday. The ASX 200 rose 2.58% and was trading at 6156.30. The Shanghai Composite rose 0.10% to 3317.46 and Nikkei 225 inched up 0.83% to 22,907.00, at the time of writing.

On the data front, Australia will report Retail Sales (MoM) for June on Tuesday. Retail Sales measure the change in the total value of inflation-adjusted sales at the retail level and are the foremost indicator of consumer spending. The consensus estimates the reading to come in at 16.3%. The previous reading stood at 16.9%.

US Dollar Index futures inched down 0.08% to 95.700 and British Pound futures rose 0.24% to 1.2694, at the time of writing. US Dollar declined on Tuesday as investors are retreating from the safe-haven asset over fresh hopes of a COVID-19 vaccine.

In the Commodity Markets, Silver rose by 2.90% to $20.777 and Gold inched up 0.20% to $1821.00 at the time of writing. Brent oil prices saw modest gains on Tuesday morning on account of positive results from three potential COVID-19 vaccine candidates. Moreover, the potential stimulus measures from both the U.S. and Europe also boosted investor sentiment, with hopes that the measures will boost economic recovery and demand for the energy.





TECHNICAL SUMMARY

EUR/USD


EUR/USD D1

TRADE SUGGESTION- BUY AT 1.14407, TAKE PROFIT AT 1.14875 AND STOP AT 1.14072

USD/JPY


USD/JPY D1

TRADE SUGGESTION –BUY AT 107.275, TAKE PROFIT AT 108.150 AND STOP AT 106.850

EUR/JPY


EUR/JPY D1

TRADE SUGGESTION- BUY AT 122.650, TAKE PROFIT AT 123.550 AND STOP AT 121.850

AUD/USD
https://www.capitalstreetfx.com/en/w...USD-min-11.png
AUD/USD D1
https://www.capitalstreetfx.com/en/w...07/AUDUSDT.jpg

TRADE SUGGESTION- BUY AT 0.70523, TAKE PROFIT AT 0.71050 AND STOP AT 0.70037

NATURAL GAS

NATURAL GAS

TRADE SUGGESTION- SHORT SELL AT 1.628, TAKE PROFIT AT 1.570 AND STOP AT 1.670

GOLD

GOLD D1

TRADE SUGGESTION- BUY AT 1823.60, TAKE PROFIT AT 1835.20 AND STOP AT 1813.30

DOW JONES
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DOW JONES D1
https://www.capitalstreetfx.com/en/w.../DOWJONEST.jpg

TRADE SUGGESTION- BUY AT 26808, TAKE PROFIT AT 27400 AND STOP AT 26450

DAILY REPORT - 22nd JULY 2020.

Futures on major US indices were trading in negative territory at the time of writing. Dow futures were trading at 26644.00 while Nasdaq 100 and S&P 500 futures inched down to 10,831.50 and 3,240.75 respectively, at the time of writing.

On the earnings front, Microsoft, Tesla and Coca Cola FEMSA ADR are scheduled to report their quarterly results before the market opens on Wednesday.

On the economic front, the U.S. reported Crude Oil Inventories on Wednesday, which will measure the weekly change in the number of barrels of commercial crude oil held by US firms. Crude Oil Inventories stood at -7.493M Barrel which came batter than the market estimate 5.654M.

European equities were trading in mixed territory. In the Cash Markets, the CAC 40 was trading lower by 0.31% at 5,046.00 while the DAX inched up 0.35% to 13,123.00, at the time of writing.

On the data front, Germany reported the 30-Year Bund Auction, which represents the return an investor will receive by holding the treasury for its entire duration.

The 30-Year Bund Auction reading came to -0.130% whereas the previous reading was -0.090%.

Asia-Pacific markets were trading in a mixed territory in the cash markets on Wednesday. The ASX 200 declined 0.46% and was trading at 6,013.00. The Shanghai Composite rose 0.37% to 3,333.16 and Nikkei 225 inched down -0.31% to 22,800.60, at the time of writing.

On the data front, South Korea will report Domestic Product (GDP) YoY on Wednesday. Gross Domestic Product (GDP) measures the annualized change in the inflation-adjusted value of all goods and services produced by the economy. It is the broadest measure of economic activity and the primary indicator of the economy’s health. Domestic Product (GDP) YoY reading expected to come in at 1.30%.

US Dollar Index futures inched down 0.02% to 95.10 and Euro futures surged by 0.07% to 1.1534, at the time of writing. The dollar was down on Wednesday morning, with investors retreating from the safe-haven asset as the U.S. is struggling to reach a consensus on further stimulus measures. The euro surged to a nearly 19-month high against the dollar on Tuesday, after EU leaders agreed on a historic €750 billion COVID-19 relief program.

In the Commodity Markets, Silver rose by 6.04% to $22.86 and Gold inched up 0.85% to $1859.65 at the time of writing. Brent oil prices declined by 0.41% to $44.14, at the time of writing. Oil prices fell on Wednesday as industry data showed a bigger-than-expected inventory build in the United States where coronavirus cases continue to climb, potentially further denting demand in the world’s biggest oil consumer.

In the Cryptocurrency Markets, Bitcoin rose 1.93% to 9,347.39 and Ethereum inched up 2.90% to 243.93 respectively in the last 24 hours. In news related to the cryptocurrency markets, Ethereum (ETH) co-founder Vitalik Buterin has called for reform to the cryptocurrency’s fee system, warning that rising transaction fees could undermine the security of the network.

TECHNICAL SUMMARY

EUR/USD

EUR/USD D1

TRADE SUGGESTION- BUY AT 1.15323, TAKE PROFIT AT 1.16000 AND STOP AT 1.14330

GBP/USD

GBP/USD D1

TRADE SUGGESTION – BUY AT 1.26550, TAKE PROFIT AT 1.28000 AND STOP AT 1.25000

USD/JPY

USD/JPY D1

TRADE SUGGESTION- SHORT SELL AT 107.003, TAKE PROFIT AT 106.700 AND STOP AT 107.460

EUR/JPY

EUR/JPY D1

TRADE SUGGESTION- BUY AT 123.436, TAKE PROFIT AT 124.500 AND STOP AT 120.500

SILVER

SILVER D1

TRADE SUGGESTION- BUY AT 21.810, TAKE PROFIT AT 22.500 AND STOP AT 21.200

NASDAQ 100
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NASDAQ 100 D1
https://www.capitalstreetfx.com/en/w...e-1024x511.png

TRADE SUGGESTION- BUY AT 10831.00, TAKE PROFIT AT 11100.00 AND STOP AT 10600.00

For more signals visit www.capitalsteetfx.com

DAILY REPORT - 23rd JULY 2020

Dow futures were trading higher by 0.33% at 26975.00 while Nasdaq 100 futures inched up 0.91% to 10,903.12 and S&P 500 futures rose 0.35% to 3276.88 respectively, at the time of writing.

On the earnings front, Twitter and Valley National Bancorp are scheduled to report their quarterly results before the market opens on Thursday.

On the economic front, the US will report the Initial Jobless Claims for the week ended 16 July on Thursday. Initial Jobless Claims measures the number of individuals who filed for unemployment insurance for the first time during the past week. The previous reading stood at 1.3M and the market estimates the reading to come in at 1.3M.

In one of the biggest developments in the US-China relationship, tensions were ratcheted up several notches when the US gave china a 72-hour deadline to close its consulate in Houston amid accusations of spying, marking a dramatic deterioration in relations between the world’s two biggest economies.

European equities were trading in negative territory. In the Cash Markets, the CAC 40 was trading lower by 1.32% at 5037.12 and the DAX inched down 0.51% to 13104.25, at the time of writing.

On the data front, The Monetary Policy Committee of the Central Bank of the Republic of Turkey will set the one-week repo rate for July on Thursday. Traders watch
interest rate changes closely as short term interest rates are the primary factor in currency valuation. The market forecasts the rate to remain unchanged at the previous rate of 8.25%.

Asia-Pacific markets were trading in mixed territory in the cash markets on Thursday. The ASX 200 rose 0.32% and was trading at 6094.50. The Shanghai Composite declined 0.48% to 3317.02 and Nikkei 225 inched down 0.58% to 22,751.61, at the time of writing.

On the data front, Singapore reported CPI (YoY) for June on Thursday. The Consumer Price Index (CPI) measures the change in the price of goods and services from the perspective of the consumer and is an important indicator to measure changes in purchasing trends and inflation. The CPI reading came in at -0.5%. The consensus estimates stood at -0.6%.

US Dollar Index futures inched down 0.14% to 94.795 and British Pound futures rose 0.10% to 1.2754, at the time of writing. The escalation in tension between US and China, the world’s two largest economies sent the yuan on its sharpest slide in nearly two months on Wednesday. A steady decline in the dollar has accelerated in recent weeks, as a resurgent coronavirus outbreak in the United States and improving economic prospects abroad sour investors on the currency.

In the Commodity Markets, Silver declined 0.20% to $23.093 and Gold inched up 0.62% to $1876.65 and Brent oil prices rose 0.50% to $44.51, at the time of writing. The reopening of some major economies locked down due to the coronavirus has lifted global oil prices and encouraged U.S. shale producers to return at least one-third of the 2 million barrels per day (bpd) curtailed since April.

In the Cryptocurrency Markets, Bitcoin rose 1.62% to 9,490.40 and Ethereum inched up 7.31% to 262.89 respectively in the last 24 hours. In news related to the cryptocurrency markets, South Korea’s leading blockchain network ICON has announced a partnership with Chainlink rival BAND. ICONLOOP has worked on digitizing national identity authentication and decentralized passports. The partnership will provide ICON developers with complete access to the BandChain decentralized oracle network as ICON requires oracle for expanding into the growing dApp and DeFi markets.



TECHNICAL SUMMARY

EUR/USD

EUR/USD D1

TRADE SUGGESTION- BUY AT 1.15800, TAKE PROFIT AT 1.16100 AND STOP AT 1.15400

USD/JPY

USD/JPY D1

TRADE SUGGESTION –BUY AT 107.100, TAKE PROFIT AT 108.512 AND STOP AT 106.805

EUR/JPY

EUR/JPY D1

TRADE SUGGESTION- BUY AT 124.100, TAKE PROFIT AT 124.600 AND STOP AT 123.650

AUD/USD

AUD/USD D1

TRADE SUGGESTION- BUY AT 0.71550, TAKE PROFIT AT 0.71980 AND STOP AT 0.71250

NATURAL GAS

NATURAL GAS

TRADE SUGGESTION- BUY AT 1.670, TAKE PROFIT AT 1.720 AND STOP AT 1.625

CRUDE OIL
https://www.capitalstreetfx.com/en/w...weet-min-2.png
CRUDE OIL D1
https://www.capitalstreetfx.com/en/w...DEOILT-min.jpg

TRADE SUGGESTION- BUY AT 42.05, TAKE PROFIT AT 43.80 AND STOP AT 41.10

DOW JONES
https://www.capitalstreetfx.com/en/w...ndex-min-6.png
DOW JONES D1
https://www.capitalstreetfx.com/en/w...JONEST-min.jpg

TRADE SUGGESTION- BUY AT 27000, TAKE PROFIT AT 27620 AND STOP AT 26600

DAILY REPORT - 24th JULY 2020

Dow futures were trading lower by 0.64% at 26373.00 while Nasdaq 100 futures inched down 1.01% to 10,440.12 and S&P 500 futures declined 0.59% to 3208.50 respectively, at the time of writing.

On the earnings front, American Express Co and Honeywell International Inc are scheduled to report their quarterly results before the market opens on Friday.

On the economic front, the US will report New Home Sales numbers for June on Friday. New Home Sales measures the annualized number of new single-family homes that were sold during the previous month. The previous reading for the number of New Homes sold stood at 676K and the market estimates the reading to come in at 700K.

European equities were trading in negative territory. In the Cash Markets, the CAC 40 was trading lower by 1.68% at 4949.36 and the DAX inched down 2.01% to 12839.65, at the time of writing.

On the data front, the UK released Retail Sales (MoM) for June on Friday. Retail Sales measure the change in the total value of inflation-adjusted sales at the retail level and is the foremost indicator of consumer spending. The Retail sales reading came in at 13.9%, better than the consensus estimates of 8.0%. Retail sales, consumer spending and cpi also estimate retail spending growth and inflation. This is one of the important inputs used to decide on interest rates.

Asia-Pacific markets were trading in negative territory in the cash markets on Friday. The ASX 200 declined 1.16% and was trading at 6024.00. The Shanghai Composite declined 3.86% to 3196.77, at the time of writing.

Japanese markets are observing the holiday.

US Dollar Index futures inched down 0.03% to 94.623 and British Pound futures declined 0.07% to 1.2737, at the time of writing. US Dollar Index futures declined on Friday morning as the U.S. is struggling to curb its surging number of COVID-19 cases. Combined with the looming expiry of some stimulus measures at the end of July as well as a record number of unemployment claims, investors are expressing doubt over the U.S.’ recovery prospects.

In the Commodity Markets, Silver declined 0.33% to $22.913 and Gold inched up 0.20% to $1893.65 and Brent oil prices inched down 0.44% to $43.12, at the time of writing. Oil prices slipped on Friday, shrugging off a weaker U.S. dollar, as the relations between the United States and China deteriorate. A weaker dollar usually spurs buying of commodities priced in the greenback, like oil, because they become cheaper for holders of other currencies.

In the Cryptocurrency Markets, Bitcoin rose 0.21% to 9,508.50 and Ethereum inched up 2.81% to 270.20 respectively in the last 24 hours. In news related to the cryptocurrency markets, Avanti Bank & Trust, a Wyoming-based pioneering financial institution that is planning to offer services to the crypto industry, has announced plans for a ‘stable coin disruptor’ that’s designed to modernize U.S. dollar payments. In an announcement, Avanti said that the payment instrument, dubbed ‘Avit,’ is not a security and predicted it “will likely be treated as a cash equivalent” by regulators.


TECHNICAL SUMMARY

EUR/USD

EUR/USD D1
TRADE SUGGESTION- BUY AT 1.16000, TAKE PROFIT AT 1.16300 AND STOP AT 1.15800



USD/JPY

USD/JPY D1

Attached Image (click to enlarge)

TRADE SUGGESTION –SHORT SELL AT 106.380, TAKE PROFIT AT 106.000 AND STOP AT 106.578

EUR/JPY

EUR/JPY D1

TRADE SUGGESTION- BUY AT 123.300, TAKE PROFIT AT 123.800 AND STOP AT 122.800

AUD/USD

AUD/USD D1

TRADE SUGGESTION- BUY AT 0.70820, TAKE PROFIT AT 0.71400 AND STOP AT 0.7040

NATURAL GAS

NATURAL GAS

TRADE SUGGESTION- BUY AT 1.750, TAKE PROFIT AT 1.840 AND STOP AT 1.690

CRUDE OIL
https://www.capitalstreetfx.com/en/w...weet-min-3.png
CRUDE OIL D1
https://www.capitalstreetfx.com/en/w.../CRUDEOILT.jpg

TRADE SUGGESTION- BUY AT 41.35, TAKE PROFIT AT 42.40 AND STOP AT 40.78

DOW JONES
https://www.capitalstreetfx.com/en/w...ndex-min-7.png
DOW JONES D1
https://www.capitalstreetfx.com/en/w...OWJONEST-1.jpg

TRADE SUGGESTION- SHORT SELL AT 26480, TAKE PROFIT AT 25900 AND STOP AT 25850

DAILY REPORT - 27TH JULY 2020

Dow futures were trading higher by 0.37% at 26420.00 while Nasdaq 100 futures inched up 0.50% to 10,511.12 and S&P 500 futures rose 0.33% to 3214.62 respectively, at the time of writing.

On the earnings front, Hasbro Inc and Oil States International Inc are scheduled to report their quarterly results before the market opens on Monday.

US Indices Futures inched higher in the early trades on Monday on the news of another coronavirus stimulus package. Treasury Secretary Steve Mnuchin said on Sunday that Republicans are now prepared to unveil their long-awaited coronavirus relief plan — and that it would include another round of $1,200 stimulus checks as well as a smaller version of the enhanced unemployment insurance that has been credited with helping to keep the US economy afloat.

On the economic front, the US will report Core Durable Goods Orders (MoM) for June on Monday. Core Durable Goods Orders measures the change in the total value of new orders for long-lasting manufactured goods, excluding transportation items. The previous reading stood at 3.7% and the market estimates the reading to come in at 3.5%.

European equities were trading in negative territory. In the Cash Markets, the CAC 40 was trading lower by 1.54% at 4956.43 and the DAX inched down 2.02% to 12838.06, at the time of writing.

On the data front, Germany will release the German Ifo Business Climate Index for July on Monday. The German Ifo Business Climate Index rates the current German business climate and measures expectations for the next six months. It is a composite index based on a survey of manufacturers, builders, wholesalers and retailers. The consensus estimates the reading to come at 89.3.

Asia-Pacific markets were trading in mixed territory in the cash markets on Monday. The ASX 200 rose 0.34%% and was trading at 6044.20. The Shanghai Composite declined 0.23% to 3189.49, at the time of writing.

Japan has released the Leading Economic Index data on Monday. The Leading Economic Index released by the Cabinet Office is an economic indicator that consists of 12 indexes such as account inventory ratios, machinery orders, stock prices and other leading economic indicators. It shows the performance of the Japanese Economy over the short and mid-term. The Index reading came in at 78.400, lower than the consensus estimates of 79.3.

US Dollar Index futures inched down 0.57% to 93.840 and British Pound futures inched up 0.31% to 1.2834 while Euro futures rose 0.67% and were trading at 1.1728 and Japanese Yen futures rose 0.51% to 0.009488, at the time of writing. The dollar crumbled on Monday as cracks in the U.S. economic recovery drove investors away from the world’s reserve currency while waiting for the Federal Reserve’s outlook this week.

In the Commodity Markets, Silver rose 6.25% to $24.277 and Gold inched up 1.65% to $1928.95 while the Brent oil prices inched down 0.50% to $43.56, at the time of writing. Oil prices edged lower on Monday as rising coronavirus cases and tensions between the United States and China pushed investors toward safe-haven assets.

In the Cryptocurrency Markets, Bitcoin rose 5.11% to 10,210.11 and Ethereum inched up 6.26% to 327.7 respectively in the last 24 hours. In news related to the cryptocurrency markets, Bitcoin jumped above $10,000 for the first time since early June after relatively muted recent price action. Bitcoin has risen nearly 11% over the past 7 days, while equity markets struggled last week as gold continued to rally.

TECHNICAL SUMMARY

EUR/USD

EUR/USD D1

TRADE SUGGESTION- BUY AT 1.16950, TAKE PROFIT AT 1.17200 AND STOP AT 1.16700



USD/JPY

USD/JPY D1


TRADE SUGGESTION –BUY AT 105.500, TAKE PROFIT AT 106.092 AND STOP AT 105.000




EUR/JPY

EUR/JPY D1

TRADE SUGGESTION- BUY AT 123.490, TAKE PROFIT AT 124.271 AND STOP AT 122.820



AUD/USD

AUD/USD D1

TRADE SUGGESTION- BUY AT 0.71200, TAKE PROFIT AT 0.71747 AND STOP AT 0.70631



NATURAL GAS

NATURAL GAS

TRADE SUGGESTION- SHORT SELL AT 1.805, TAKE PROFIT AT 1.770 AND STOP AT 1.825


SILVER
https://www.capitalstreetfx.com/en/w...er-Futures.png
SILVER D1
https://www.capitalstreetfx.com/en/w...07/SILVERT.jpg
TRADE SUGGESTION- BUY AT 23.990, TAKE PROFIT AT 24.500 AND STOP AT 23.500


NASDAQ
https://www.capitalstreetfx.com/en/w...-100-Index.png
NASDAQ D1
https://www.capitalstreetfx.com/en/w...07/NASDAQT.jpg
TRADE SUGGESTION- BUY AT 10500, TAKE PROFIT AT 10936 AND STOP AT 10300

DAILY REPORT - 28th JULY 2020

Dow futures were trading higher by 0.03% at 26490.50 while Nasdaq 100 futures inched up 0.14% to 10,689.75 and S&P 500 futures rose 0.03% to 3233.62 respectively, at the time of writing.

Senate Republicans presented their $1 trillion plan to bolster the pandemic-ravaged U.S. economy in a series of bills that would trim extra unemployment benefits, send $1,200 payments to most Americans and shield businesses, schools and other organizations from lawsuits stemming from coronavirus infections.

On the earnings front, 3M Co, MakeMyTrip Ltd and Pfizer Inc are scheduled to report their quarterly results before the market opens on Tuesday.

On the economic front, the US will release CB Core Consumer Confidence for July on Tuesday. Conference Board (CB) Consumer Confidence measures the level of consumer confidence in economic activity. It is a leading indicator as it can predict consumer spending, which plays a major role in overall economic activity. The previous reading stood at 98.1 and the market estimates the reading to come in at 94.5.

European equities were trading in mixed territory. In the Cash Markets, the CAC 40 was trading lower by 0.34% at 4939.62 and the DAX inched up 0.02% to 12838.66, at the time of writing.

On the data front, Hungary will release the Quarterly unemployment Rate for June on Tuesday. The unemployment rate represents the number of unemployed persons expressed as a percentage of the labour force. The unemployment rate for a particular age/sex group is the number of unemployed in that group expressed as a percentage of the labour force for that group. The previous reading stood at 4.1%.

The European Central Bank on Tuesday extended a recommendation to eurozone banks that not to pay dividends until the end of the year, while also allowing them to eat into their capital and liquidity buffers for even longer to help them cope with the economic fallout of the coronavirus pandemic.
Asia-Pacific markets were trading in mixed territory in the cash markets on Monday. The ASX 200 declined 0.39% and was trading at 6020.50. The Shanghai Composite rose 0.37% to 3217.49, at the time of writing.

Australia will release the Consumer Price Index (CPI) for Q2 on Tuesday. The Consumer Price Index (CPI) measures the change in the price of goods and services from the perspective of the consumer. It is a key indicator to measure changes in purchasing trends and inflation. The previous reading on the Index stood at 0.3%. The market expects the reading to come in at -2.0%.

US Dollar Index futures inched up 0.15% to 93.752 and British Pound futures inched down 0.05% to 1.2869 while the Euro futures declined 0.17% and were trading at 1.1744 and the Japanese Yen futures shrank 0.17% to 0.009479, at the time of writing. The dollar bounced off a two-year low on Tuesday as selling pressure faded ahead of a Federal Reserve meeting and as political wrangling over the next U.S. fiscal rescue package moved closer to a conclusion.

In the Commodity Markets, Silver rose 0.75% to $24.685 and Gold inched up 0.10% to $1933.10 while the Brent oil prices inched up 0.16% to $43.97, at the time of writing. Gold prices hit a record high on Tuesday morning, supported by a weakening dollar that is driving demand for the safe-haven yellow metal.

In the Cryptocurrency Markets, Bitcoin rose 6.59% to 10945.10 and Ethereum inched down 3.15% to 317.56 respectively in the last 24 hours. In news related to the cryptocurrency markets, Chinese tech giant Huawei recently applied for a new patent related to blockchain technology which deals with storage methods and devices. Huawei holds a number of other relevant patents, covering topics like Blockchain-based settlement methods.

TECHNICAL SUMMARY

EUR/USD

EUR/USD D1

TRADE SUGGESTION- BUY AT 1.7100, TAKE PROFIT AT 1.17765 AND STOP AT 1.16420




USD/JPY

USD/JPY D1

TRADE SUGGESTION –BUY AT 105.625, TAKE PROFIT AT 106.300 AND STOP AT 105.195




EUR/JPY

EUR/JPY D1

TRADE SUGGESTION- SHORT SELL AT 123.600, TAKE PROFIT AT 123.170 AND STOP AT 124.079



AUD/USD

AUD/USD D1

TRADE SUGGESTION- BUY AT 0.71290, TAKE PROFIT AT 0.71741 AND STOP AT 0.70812




NATURAL GAS

NATURAL GAS

TRADE SUGGESTION- BUY AT 1.770, TAKE PROFIT AT 1.804 AND STOP AT 1.745




SILVER
https://www.capitalstreetfx.com/en/w...ures-min-4.png
SILVER D1
https://www.capitalstreetfx.com/en/w.../SILVERT-1.jpg
TRADE SUGGESTION- BUY AT 23.870, TAKE PROFIT AT 24.872 AND STOP AT 23.010




NASDAQ
https://www.capitalstreetfx.com/en/w...ndex-min-4.png
NASDAQ D1
https://www.capitalstreetfx.com/en/w.../NASDAQT-1.jpg
TRADE SUGGESTION- BUY AT 10630, TAKE PROFIT AT 10820 AND STOP AT 10525

DAILY REPORT - 31st JULY 2020

Dow futures were trading lower by 0.02% at 26212.00 while Nasdaq 100 futures inched up 0.56% to 10,854.00 and S&P 500 futures rose 0.01% to 3249.00 respectively, at the time of writing.

The U.S. economy contracted by an unprecedented annualized rate of 32.9% in the second quarter as reported by the Commerce Department on Thursday. This quarter posted the worst decline since the Great Depression as the coronavirus pandemic hammered consumer spending.

On the earnings front, Colgate-Palmolive Co, Chevron Corp and Merck & Co Inc are scheduled to report their quarterly results before the market opens on Friday.

On the economic front, Statistics Canada will report May Gross Domestic Product (MoM) on Friday. Gross Domestic Product (GDP) measures the annualized change in the inflation-adjusted value of all goods and services produced by the economy. It is the broadest measure of economic activity and the primary indicator of the economy’s health. The previous reading stood at -11.6%. The consensus estimates today’s reading to come in at 3.5%.

European equities were trading in negative territory in early trading on Friday. In the Cash Markets, the CAC 40 was trading lower by 2.13% at 4852.94 and the DAX inched down 3.45% to 12379.65, at the time of writing.

On the data front, Eurostat will report the Consumer Price Index (CPI) (YoY) for July on Friday. The Consumer Price Index (CPI) measures the change in the price of goods and services from the perspective of the consumer. It is a key indicator to measure changes in purchasing trends and inflation. The previous reading stood at 0.3% and the consensus estimates the reading to come in at 0.2%.

Asia-Pacific markets were trading in mixed territory in the cash markets on Friday. The ASX 200 declined 2.04% and was trading at 5927.80. The Nikkei inched down 2.82 % to 21,710.00 and the Shanghai Composite inched up 0.61% to 3305.65, at the time of writing.

China Federation of Logistics and Purchasing reported the Non-Manufacturing Purchasing Managers Index (PMI) for July on Friday. The official non-manufacturing PMI is based on a survey of about 1,200 companies covering 27 industries including construction, transport and telecommunications. It is the level of a diffusion index based on a survey of purchasing managers in the services industry. The consensus estimates for the index reading stood at 51.2 while the reading came better in at 54.2.

US Dollar Index futures inched down 0.46% to 92.578 and British Pound futures rose 0.33% to 1.3134 while Euro futures inched up 0.50% and were trading at 1.1907 and Japanese Yen futures rose 0.46% to 0.9587, at the time of writing. The dollar was down on Friday morning, touching two-year lows, and on its way to post its biggest monthly decline in a decade as fresh doubts over the U.S economy’s recovery from the COVID-19 pandemic creep in.

In the Commodity Markets, Silver rose 3.74% to $24.238 and Gold inched up 1.55% to $1973.50 while Brent oil prices advanced 0.83% to $43.65, at the time of writing. Oil prices recovered further ground on Friday after touching three-week lows in the previous session, responding to a record decline in U.S. growth as the coronavirus ravaged the world’s biggest economy and oil consumer.

In the Cryptocurrency Markets, Bitcoin increased 0.87% to 11095.60 and Ethereum inched up 5.18% to 336.00 respectively in the last 24 hours. In news related to the cryptocurrency markets, Recent Q2 financial details from blockchain-involved company ‘Overstock’ listed on Nasdaq showed triple-digit percentage growth as compared to the same time in 2019. The Total net revenue was $783 million which showed an increase of 109% year over year and the Gross profit was $180 million or 23.0% of total net revenue, an improvement of 321 basis points year over year.

TECHNICAL SUMMARY

EUR/USD
https://www.capitalstreetfx.com/en/w...USD-min-17.png
EUR/USD D1
https://www.capitalstreetfx.com/en/w.../EURusdt-5.jpg

TRADE SUGGESTION- BUY AT 1.18860, TAKE PROFIT AT 1.19250 AND STOP AT 1.18425

USD/JPY
https://www.capitalstreetfx.com/en/w...JPY-min-18.png
USD/JPY D1
https://www.capitalstreetfx.com/en/w.../usdjpyt-5.jpg

TRADE SUGGESTION –SHORT SELL AT 104.450, TAKE PROFIT AT 104.000 AND STOP AT 104.732

EUR/JPY
https://www.capitalstreetfx.com/en/w...JPY-min-18.png
EUR/JPY D1
https://www.capitalstreetfx.com/en/w.../EURjpyt-4.jpg

TRADE SUGGESTION- BUY AT 124.010, TAKE PROFIT AT 124.425 AND STOP AT 123.686

AUD/USD
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AUD/USD D1
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TRADE SUGGESTION- BUY AT 0.71900, TAKE PROFIT AT 0.72000 AND STOP AT 0.71750

NATURAL GAS
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NATURAL GAS
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TRADE SUGGESTION- BUY AT 1.833, TAKE PROFIT AT 1.877 AND STOP AT 1.800

SILVER
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SILVER D1
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TRADE SUGGESTION- BUY AT 24.050, TAKE PROFIT AT 24.540 AND STOP AT 23.680

NASDAQ
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NASDAQ D1
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TRADE SUGGESTION- BUY AT 10890, TAKE PROFIT AT 11050 AND STOP AT 10720

DAILY REPORT - 19th AUG 2020

In Major news overnight, the S&P 500 managed to recover from earlier losses as it rose to an all-time high. The S&P 500 futures rose to an all-time high on Tuesday with 0.23% gain on the day, to 3,389.78. In early trading today, Dow futures were trading lower by 0.24% at 27,778.07 and Nasdaq 100 futures inched up 0.73% to 11,210.84, at the time of writing.

European equities are trading in positive territory, with food and beverages inching 0.3% higher. In the Cash Markets, the CAC 40 rose 0.04% at 4,938.92 and the DAX inched up 0.04% to 12,883.25, while the STOXX 600 edged 0.2% lower, at the time of writing.
Asia-Pacific markets were trading in mixed territory. In the cash markets today, the ASX 200 rose 0.77% and was trading at 6,143.34. The Shanghai Composite dropped 0.3% while the Shenzhen component inched down 1.054%. In Japan, the Nikkei 225 rose by 0.25% and the Topix index advanced 0.12%. at the time of writing.

On the earnings front, Bright Mountain Media Inc, Pharmagreen Biotech, and Teo Foods Inc. are scheduled to report their quarterly results before the U.S. market opens today.

On the data front, the U.K. Consumer Price Index YoY came out earlier today, with the reading at 1.0%, higher than the previous figure of 0.6%. In the United States, the FOMC Minutes are scheduled to be released by the Board of Governors of the Federal Reserve later today. In other data to eat h out, Canadian Core Consumer Price Index YoY will be released at 12:30 local time today.

The dollar index was steady at 92.333 after hitting a more than two-year low of 92.154 in the last session.The Japanese yen was trading at 105.58 per dollar followed by its previous high of 105.09 against the greenback. The Australian dollar was trading at $0.7234. USD/CAD inched down 0.15% to 1.3147 while Euro futures fell 0.01% and were trading at 1.1946. NZD/USD rose 0.48% to 0.6628 and GBP futures rose 0.11% to 1.3259, at the time of writing.

In the Commodity Markets, gold futures fell 0.5% to $2,002.50 and Spot gold was down 0.4% at $1,993.68 per ounce. Silver dropped 0.3% to $27.58 per ounce. Platinum inched down 0.5% to $950.63, and palladium slipped 0.7% to $2,173.62. Brent crude futures fell 0.7%, to $45.13 a barrel, at the time of writing. U.S. West Texas Intermediate crude futures were down 0.5%, at $42.68 a barrel.

In the Cryptocurrency Markets, Bitcoin dropped 3.51% to $11,816.9 and Ethereum inched down 4.16% to $413.03 respectively in the last 24 hours. Litecoin fell 5.80% to $63.186 and Dash rose 7.07% to $90.44, at the time of writing.

In news related to the cryptocurrency markets, Ren is in second place behind Wrapped Bitcoin, with ren BTC accounting for around 9.5K currently, after reaching the 10K mark on August 17. In other news from the world of Digital Currency, with the global air industry in disruption due to the coronavirus pandemic and an increase in flight delays and cancellations, a startup company in Bulgaria has come up with the option for travellers to receive compensation in Bitcoin.

TECHNICAL SUMMARY

EUR/USD
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EUR/USD D1
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TRADE SUGGESTION- BUY AT 1.19265, TAKE PROFIT AT 1.19999 AND STOP AT 1.18507

GBP/USD
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GBP/USD D1
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TRADE SUGGESTION –BUY AT 1.32310, TAKE PROFIT AT 1.33240 AND STOP AT 1.30865

NZD/USD
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NZD/USD D1
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TRADE SUGGESTION- BUY AT 0.65965, TAKE PROFIT AT 0.66673 AND STOP AT 0.64989

EUR/CAD
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EUR/CAD D1
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TRADE SUGGESTION- BUY AT 1.56995, TAKE PROFIT AT 1.57870 AND STOP AT 1.54918

FTSE 100
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FTSE 100 D1
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TRADE SUGGESTION- SELL AT 6082.3, TAKE PROFIT AT 6000.5 AND STOP AT 6179.1

BOEING CO.
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BOEING CO. D1
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TRADE SUGGESTION- SELL AT 171.16, TAKE PROFIT AT 166.99 AND STOP AT 176.20

GOLD
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GOLD D1
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TRADE SUGGESTION- BUY AT 1985.70, TAKE PROFIT AT 2012.19 AND STOP AT 1950.86

RIPPLE
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RIPPLE D1
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TRADE SUGGESTION- SELL AT 0.288700, TAKE PROFIT AT 0.265100 AND STOP AT 0.312500

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