Daily Technical Analysis by Capital Street FX

The report presents a summary of all upcoming and recent fundamental events as well as technical analysis for the major markets.

DAILY REPORT - 20th AUG 2020

European stock markets opened lower in the early trading session today as world markets pulled back after the Federal Reserve expressed concern over the pace of recovery in the United States and the renewed political tensions between the U.S. and China. In the Cash Markets, the DAX futures contract in Germany traded 0.9% lower. The FTSE 100 futures contract in the U.K. inched down 1.2%, while CAC 40 futures in France was down 1.4%. The STOXX 600 edged 1.20% lower, at the time of writing.

Asia Pacific markets slipped overnight after Wall Street turned negative on the Fed’s apprehension. Mainland Chinese stocks were also lower, whereas, its benchmark lending rate remains steady. The Shanghai Composite was down about 1.1% while the Shenzhen component dipped 1.154%. Hong Kong’s Hang Seng Index dropped 1.52% at the time of writing. In Japan, the Nikkei 225 inched down 0.91% while the Topix index dropped 0.73%. Over in Australia, the S&P/ASX 200 fell 0.85%. Overall, the MSCI Asia ex-Japan index inched down 1.68%.

US stocks slipped after the release of the Fed Minutes. Apple became the most valuable company traded on the stock market and hit the $2 Trillion Market Cap target. Microsoft and Amazon each traded at about $1.6 trillion, followed by Google owned Alphabet, at just over $1 trillion. In the cash market, the benchmark S&P 500 Index fell 0.50% and settled at 3374.85. The blue chip Dow Jones Industrial Average inched down 0.34% and finished at 27692.88. The tech-based NASDAQ Composite closed 0.68% lower at 11146.46.

On the data front, euro area construction output for the month of June released earlier at 10 a.m. London's time today. The actual reading was 4.04% which was 29.37% higher than the previous data. The European Central Bank (ECB) will release the account of its previous monetary policy meeting later today. The last major data release today is from the US. The United States will release its Initial Jobless Claims Data for this week at 8:30 am local time today.

The dollar was flat at 92.983 on Thursday morning over disappointing minutes from the last policy meeting of the U.S. Federal Reserve. The USD/CNY pair inched up 0.02% to 6.9202. USD/CAD inched up 0.11% to 1.3223 and NZD/USD fell 0.40% to 0.6531, at the time of writing.

The Australian dollar fell below 72 cents and is trading at $0.7185 after hitting an 18-month high of $0.7275 before the meeting. Japanese yen futures fell to 0.943000. EUR/USD traded 0.1% higher at 1.1849 after a similar sharp drop. GBP futures fell 0.33% to 1.3077 while Euro futures were down 0.35% and were trading at 1.1821,
In the Commodity Markets, oil prices weakened after the release of the Fed’s minutes. The minutes amounted to a warning about the recovery in demand while U.S. oil inventories dropped for a fourth straight week. U.S. crude futures traded 1% lower at $42.69 a barrel, while the international benchmark Brent Crude inched down 0.8%, to $45.01 a barrel.
In the Precious Metals Market, Gold advanced after the sharp drop in yesterdays session. Spot gold rose up 0.9% at $1,946.09 per ounce, and gold futures dropped 0.7% to $1,955.85 per ounce. Silver inched up 1.2% to $27.05 per ounce, platinum increased 0.8% to $938.81, and palladium advanced 0.3% to $2,163.50.

In the Cryptocurrency Markets, Ripple was exhibiting early signs of momentum, and rose 10.27%. Bitcoin dropped 0.476% to $11,701 and Ethereum inched down 0.951% to $404.03 respectively in the last 24 hours. Litecoin fell 4.04% to $62.16, and Dash dropped 1.16% to $88.55, at the time of writing.

TECHNICAL SUMMARY

EUR/USD
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EUR/USD D1
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TRADE SUGGESTION- SELL AT 1.18502, TAKE PROFIT AT 1.17926 AND STOP AT 1.19166

USD/CHF
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USD/CHF D1
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TRADE SUGGESTION – BUY AT 0.91427, TAKE PROFIT AT 0.92321 AND STOP AT 0.90536

EUR/GBP
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EUR/GBP D1
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TRADE SUGGESTION- BUY AT 0.90370, TAKE PROFIT AT 0.90765 AND STOP AT 0.89571

AUD/USD
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AUD/USD D1
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TRADE SUGGESTION- BUY AT 0.71716, TAKE PROFIT AT 0.72735 AND STOP AT 0.69971

NIKKEI 225
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NIKKEI 225 D1
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TRADE SUGGESTION- BUY AT 22800, TAKE PROFIT AT 22999 AND STOP AT 22587

FORD MOTOR CO.
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FORD MOTOR CO. D1
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TRADE SUGGESTION- SELL AT 7.00, TAKE PROFIT AT 6.70 AND STOP AT 7.48

CRUDE OIL
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CRUDE OIL D1
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TRADE SUGGESTION- BUY AT 42.64, TAKE PROFIT AT 43.67 AND STOP AT 41.19

BTC/USD
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BTC/USD D1
https://www.capitalstreetfx.com/en/w...-Usd-tab-1.png

TRADE SUGGESTION- BUY AT 11665.07, TAKE PROFIT AT 11988.19 AND STOP AT 11416.62

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The report presents a summary of all upcoming and recent fundamental events as well as technical analysis for the major markets.

DAILY REPORT - 25th AUG 2020

European stocks have opened higher on Tuesday, following upbeat trade in markets in the U.S. and Asia Pacific.. In the Cash Markets, London’s FTSE rose 26 points to 6,130, Germany’s DAX inched up 110 points to 13,174, France’s CAC 40 advanced 29 points to 5,037 and Italy’s FTSE MIB was 143 points higher at 20,213, by the time of writing.

In overnight news from US markets, the S&P 500 on Monday touched another record high, rising 1% and for the very first time closed above 3,400. A further boost to the markets came after U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin and Chinese Vice Premier Liu He reported positive discussions regarding the implementation of the historic Phase One Agreement between the United States and China.
Dow futures were trading higher by 1.35% at 28,308.46. SP500 Futures rose 0.49% to 3,444.38, and Nasdaq 100 futures inched up 0.60% to 11,379.72 3, respectively, at the time of writing.

Asia-Pacific markets were trading higher today as airline stocks rose in the early trading session. The Nikkei 225 climbed 1.76% while the Topix index edged up 1.51%. South Korea’s Kospi rose 1.29%. And in Australia, S&P/ASX 200 inched up 0.31%. Overall, the MSCI Asia ex-Japan index advanced 0.15% at the time of writing.

On the other hand, Mainland Chinese stocks were mixed by the afternoon. The Shanghai Composite fell 0.19% while the Shenzhen component jumped 0.158%. Hong Kong’s Hang Seng Index inched down about 0.5%.

On the data front, EUR Gross Domestic Product (GDP) data was released earlier today, with the actual figure at -9.7% a little lower than the forecast. The German Ifo Business Climate Index readings for the current German business climate that measures expectations for the next six months are scheduled to be released later today. In the USA, Conference Board (CB) Consumer Confidence Index for August and data for New Home Sales for July will be released at 10:00 local time today.
The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 93.153 after touching an earlier high of 93.347. The Japanese yen inched down 0.04% to 105.93. The AUD/USD pair advanced 0.22% to 0.7177 and the NZD/USD pair edged up 0.12% to 0.6533. The USD/CNY pair edged down 0.13% to 6.9092. The GBP/USD pair edged up 0.20% to 1.3089, at the time of writing.

In the Commodity Markets, oil prices were trading mixed. Global benchmark Brent Crude futures inched up about 0.2% at $45.22 per barrel. WTI crude futures fell 0.19% to $42.54 per barrel. Spot gold was up 0.2% to $1,935.88 per ounce by 0335 GMT. U.S. gold futures gained 0.1% at $1,941.60. Elsewhere, silver increased 0.6% to $26.71 per ounce, platinum climbed 1.2% to $926.32, and palladium rose 0.9% to $2,180.47.

In the Cryptocurrency Markets, BTC/USD inched down 0.39% and was trading at 11,645.0. Ethereum inched up 0.59% to $398.85. Litecoin was down 1.10% to 60.850, and Dash fell 3.54% to 89.15. Ripple edged down 0.90% to 0.285297, at the time of writing. According to an update from crypto market yesterday, Binance, one of the major crypto exchanges will now allow Floridians to buy, trade, and earn digital assets. Binance US has not yet removed Florida from the list of states in which its services can be lawfully used that includes Alabama, Alaska, Connecticut, Georgia, Hawaii, Idaho, Louisiana, New York, North Carolina, Texas, Vermont, and Washington.

TECHNICAL SUMMARY

EUR/USD
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EUR/USD D1
https://www.capitalstreetfx.com/en/w...Usd-tab-12.png

TRADE SUGGESTION- SELL AT 1.18010, TAKE PROFIT AT 1.17545 AND STOP AT 1.18601

EUR/GBP
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EUR/GBP D1
https://www.capitalstreetfx.com/en/w...-Gbp-tab-2.png

TRADE SUGGESTION – SELL AT 0.90214, TAKE PROFIT AT 0.89769 AND STOP AT 0.90624

NZD/USD
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NZD/USD D1
https://www.capitalstreetfx.com/en/w...-USd-tab-2.png

TRADE SUGGESTION- SELL AT 0.65289, TAKE PROFIT AT 0.64704 AND STOP AT 0.65870

EUR/CAD
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EUR/CAD D1
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TRADE SUGGESTION- BUY AT 1.55989, TAKE PROFIT AT 1.56720 AND STOP AT 1.55235

CAC 40
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CAC 40 D1
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TRADE SUGGESTION- BUY AT 5057.5, TAKE PROFIT AT 5117.0 AND STOP AT 4994.5

BRENT CRUDE
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BRENT CRUDE D1
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TRADE SUGGESTION- BUY AT 45.11, TAKE PROFIT AT 46.01 AND STOP AT 44.00

GOLD
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GOLD D1
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TRADE SUGGESTION- BUY AT 1929.14, TAKE PROFIT AT 1960.18 AND STOP AT 1892.99

RIPPLE
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RIPPLE D1
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TRADE SUGGESTION- SELL AT 0.283510, TAKE PROFIT AT 0.276200 AND STOP AT 0.289900

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The report presents a summary of all upcoming and recent fundamental events as well as technical analysis for the major markets.

DAILY REPORT - 26th AUG 2020

Asia Pacific markets slipped overnight.In Japan, the Nikkei 225 inched down 0.18% while the Topix index fell 0.21%. South Korea’s Kospi fell 0.24%. Meanwhile, Australia’s S&P/ASX 200 was 0.87% lower and overall the MSCI Asia ex-Japan index dropped 0.22%.

Mainland Chinese stocks were down by the afternoon, with the Shanghai Composite inching down about 1.1% while the Shenzhen component dropped 1.515%.
Hong Kong’s Hang Seng Index also dropped 0.21%.

Overnight on Wall Street, the S&P 500 and Nasdaq Composite climbed up and were trading at their all-time highs. The larger market index inched up 0.4% at 3,443.62, while the tech-heavy Nasdaq advanced 0.8% and finished up at 11,466.47. The Dow Jones Industrial Average declined 0.2% and closed at 28,248.44.

European stocks opened in flat territory on Wednesday, giving up the positive momentum seen earlier this week. In the Cash Markets, London’s FTSE rose 5 points to 6,042, Germany’s DAX inched up 9 points at 13,086, France’s CAC 40 gained 4 points at 5,016 and Italy’s FTSE MIB rose 43 points at 20,039.

On the data front, U.S. consumer confidence fell to the lowest levels in more than six years due to the concerns over the number of corona induced jobless people. Later today, U.S. Consumer durables data is scheduled to be released, and is expected to show that U.S. durable goods orders dropped by 4.3% in July in a month-on-month estimate for July. In June the month-on-month data had reported growth of 7.6%.

In corporate news today, Chinese tech giant Alibaba’s partner Ant Group on Tuesday filed for a concurrent listing on the Hong Kong stock exchange and the Shanghai Stock Exchange’s STAR market, which is a tech board like the Nasdaq. Shares of Alibaba that are listed in Hong Kong advanced 3.57% by the afternoon.

The dollar held steady against most currencies on Wednesday. Against the euro, the dollar remained at $1.1816 on Wednesday, followed by a 0.4% decline in the previous session. The onshore yuan rose up to 6.9002 per dollar. USD/JPY was mostly flat and was trading at 106.34, while EUR/USD was down 0.2% at 1.1814. GBP/USD rose 0.7% and then remained subdued at 1.3150. The AUD/USD advanced 0.12% to 0.7204. And the NZD/USD pair edged up 0.15% to 0.6554, at the time of writing.

In the Commodity Markets, Spot gold was flat at $1,928.35 per ounce and U.S. gold futures inched up 0.6% to $1,934.70. Elsewhere, silver was down 0.3% to $26.35 per ounce, platinum gained 0.1% to $926, and palladium edged down 0.7% to $2,149.97.
In news related to Crude Oil, Brent crude oil futures advanced 0.2%, to $45.94 a barrel. While, U.S. WTI crude fell 0.1%, to $43.33 a barrel.

In the Cryptocurrency Markets, BTC/USD inched down 2.42% and was trading at 11,336.7. Ethereum edged down 3.54% to $381.78. Litecoin fell 5.85% to 57.281, and Dash dropped 4.88% to 85.16. While Ripple edged down 2.79% to 0.276361, at the time of writing.

TECHNICAL SUMMARY

EUR/USD
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EUR/USD D1
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TRADE SUGGESTION- BUY AT 1.18159, TAKE PROFIT AT 1.18639 AND STOP AT 1.17675

GBP/USD
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GBP/USD D1
https://www.capitalstreetfx.com/en/w...-Usd-Tab-6.png

TRADE SUGGESTION – BUY AT 1.31342, TAKE PROFIT AT 1.32327 AND STOP AT 1.30292

USD/JPY
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USD/JPY D1
https://www.capitalstreetfx.com/en/w...Jpy-Tab-10.png

TRADE SUGGESTION- BUY AT 106.163, TAKE PROFIT AT 106.630 AND STOP AT 105.652

USD/CAD
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USD/CAD D1
https://www.capitalstreetfx.com/en/w...sd-Cad-Tab.png

TRADE SUGGESTION- SELL AT 1.31940, TAKE PROFIT AT 1.31056 AND STOP AT 1.32756

NASDAQ 100
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NASDAQ 100 D1
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TRADE SUGGESTION- BUY AT 11735.00, TAKE PROFIT AT 11863.00 AND STOP AT 11602.75

SILVER
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SILVER D1
https://www.capitalstreetfx.com/en/w...sdaq-Tab-6.png

TRADE SUGGESTION- BUY AT 26.340, TAKE PROFIT AT 26.900 AND STOP AT 25.360

GOLD
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GOLD D1
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TRADE SUGGESTION- SELL1926.79 AT 1905.61, TAKE PROFIT AT 1960.18 AND STOP AT 1951.30

BTC/USD
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BTC/USD D1
https://www.capitalstreetfx.com/en/w...-Usd-Tab-3.png

TRADE SUGGESTION- SELL AT 11400.04, TAKE PROFIT AT 11114.58 AND STOP AT 11679.66

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The report presents a summary of all upcoming and recent fundamental events as well as technical analysis for the major markets.

DAILY REPORT - 8th SEPT 2020

Asian shares gained on Tuesday as Japan released revised gross domestic product figures for the second quarter. Following a small bounce in European markets and shrugging off concerns over the latest U.S.-China tensions, as investors looked to whether high-flying U.S. tech shares could recover from their recent rout.

In Japan, the Nikkei 225 advanced 0.8% to close at 23,274.13 while the Topix index ending its trading day 0.69% higher at 1,620.89. Hong Kong’s Hang Seng Index was up 0.3%. Mainland Chinese stocks edged higher on the day, as the Shanghai Composite added 0.72% to about 3,316.42 while the Shenzhen component was a little higher at 13,293.33. South Korea’s Kospi rose 0.74% to close at 2,401.91. Shares in Australia also saw gains, with the S&P/ASX 200 inched up 1.06% to 6,007.80. Overall, the MSCI Asia ex-Japan index gained 0.46%. At the time of writing.

U.S. futures are pointing higher Tuesday as Wall Street looks to recover from its worst tech sell-off in five months, driven by 2020’s market leaders Amazon, Apple, Microsoft and Facebook.

The pan-European Stoxx 600 slid 0.3% below the flat line in early trade, with the tech sector falling another 1.2% while telecoms eked out 0.3% gains. In the cash markets, the DAX futures contract in Germany traded 0.2% higher, CAC 40 futures in France climbed 0.3%, while the FTSE 100 futures contract in the U.K. rose 0.4%.

On the data front, Revised second-quarter GDP growth data for the euro zone are expected at 10 a.m. A flash estimate had shown the bloc’s economy contracting by 15% between April and June. At the same time, final second-quarter employment figures are expected.

In corporate news, Reuters reported citing sources that Spanish lender Caixabank and state-owned Bankia are nearing an agreement to establish Valencia as their new joint headquarters, with other components of a possible takeover still under consideration. British Airways parent IAG will hold its annual shareholder meeting Tuesday, with CEO Willie Walsh set to hand over the reins to Iberia CEO Luis Gallego as the troubled airline group seeks billions of euros from shareholders to weather the coronavirus storm.

In the Corporate News today, Shares of Suppliers of Apple in Asia dipped. In Japan, Sharp and Murata Manufacturing fell 2.09% and 2.25% respectively. South Korea’s LG Display dropped 2%. Shares of Taiwan Semiconductor Manufacturing Company dropped 1.49%. Chinese tech stocks listed in Hong Kong also edged down. Stock prices of Tech company Alibaba dropped 4.93% while Tencent slipped 3.09% and Meituan Dianping fell 3.05%.

In the currency markets, The dollar held steady on Tuesday. The greenback was slightly stronger against a basket of currencies at 93.128 and firmed marginally against the euro at $1.1809. The Australian dollar stood at $0.7276 and the New Zealand dollar was little changed at $0.6685 The yen last changed hands at 106.29 per dollar. The pound edged 0.2% lower to $1.3146, after shedding 0.8% overnight, and sat a fraction above a two-week low against the euro at 89.76 pence. at the time of writing.

In the Commodity Markets, Gold prices slipped on Tuesday. Spot gold was down 0.2% at $1,925.09 per ounce by 0320 GMT. U.S. gold futures fell 0.2% to $1,931.20. Elsewhere, silver fell 0.8% to $26.78 per ounce and platinum eased 0.1% to $906.74, while palladium edged 0.1% higher to $2,296.80, at the time of writing.

Oil prices fell on Tuesday amid concerns that a possible rise in Covid-19 cases. U.S. West Texas Intermediate crude futures fell 76 cents, or 1.9%, to $39.01 per barrel at 0433 GMT, playing catch-up with a drop in Brent prices overnight. Brent Crude futures eased 8 cents, or nearly 0.2%, to $41.93 a barrel, after falling 1.5% on Monday.

In the Cryptocurrency Markets, BTC/USD inched up 1.52% and was trading at 10,292. Ethereum edged up 1.36% to $349.33. Litecoin rose 2.75% to 48.638, and Dash inched up 10.18% to 76.69. Ripple edged up 1.93% to 0.24047, at the time of writing.

TECHNICAL SUMMARY

EUR/USD

EUR/USD D1

SELL SUGGESTION- SELL AT 1.18046, TAKE PROFIT AT 1.7997 AND STOP AT 1.18094

GBP/USD

GBP/USD D1

TRADE SUGGESTION – Sell AT 1.31330, TAKE PROFIT AT 1.31265 AND STOP AT 1.31575

USD/JPY

USD/JPY D1

TRADE SUGGESTION- BUY AT 106.223, TAKE PROFIT AT 106.247 AND STOP AT 105.199

USD/CHF

USD/CHF D1

TRADE SUGGESTION- BUY AT 0.91798, TAKE PROFIT AT 0.91806 AND STOP AT 0.91790

NASDAQ 100

NASDAQ 100 D1

TRADE SUGGESTION- BUY AT 11580.25, TAKE PROFIT AT 11694.20 AND STOP AT 11466.50

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The report presents a summary of all upcoming and recent fundamental events as well as technical analysis for the major markets.

DAILY REPORT - 9th SEPT 2020

The dollar gained in the early trade session today, with the sharp falloff in U.S. equity markets. The Dollar Index inched up 0.1% at 93.562. EUR/USD dipped 0.1% to 1.1768, GBP/USD slipped 0.4% to $1.2939, while EUR/GBP gained 0.3% to 0.9093. The safe-haven yen rose to 105.83, on a one-week-high. The AUD/USD pair climbed 0.22% to 0.7177 and the NZD/USD pair edged up 0.12% to 0.6533. The USD/CNY pair edged down 0.13% to 6.9092.

On the data front, the policy meeting of the Bank of Canada is scheduled to release later today and the meeting of the U.S. Federal Reserve’s is scheduled for next week. Investors are eagerly waiting for the European Central Bank policy meeting due on Thursday. While no major policy changes are expected as the board has previously acted aggressively to support the virus-affected economy, investors will also be watchful for its inflation forecasts scheduled to release tomorrow.

European markets were trading on the negative territory in the early trading session today. The pan-European STOXX 600 climbed 0.8%, with travel and leisure stocks inched down 1.9% as coronavirus containment measures applied repeatedly in the Europe, while telecom sector jumped 2.1%. London’s FTSE rose 61 points to 5994, Germany’s DAX inched up 110 points to 13,084, France’s CAC 40 advanced 36 points to 5,009 and Italy’s FTSE MIB rose 143 points to 20,213. Euro STOXX 50 futures were up 0.86%, at the time of writing.

Overnight on Wall Street, the sell-off in blue-chip tech stocks continued following extensive losses till the end of the trading session on Tuesday. The Nasdaq Composite inched down 4.1% to close at 10,847.69 on Tuesday, the tech-heavy index was down 10% over the past three days. The Dow Jones Industrial Average plunged 2.3% to finish its trading day at 27,500.89. The S&P 500 slid 2.8% to close at 3,331.84.

Markets in Asia-Pacific declined Wednesday, with most of the losses in the technology shares regionally. Mainland Chinese stocks dropped today, with the Shanghai Composite inched down 1.86% to 3,254.63 while the Shenzhen component dipped 3.247% to 12,861.75. Hong Kong’s Hang Seng Index dropped 0.63% to close at 24,468.93. Over in Australia, the S&P/ASX 200 dropped 2.15% to close at 5,878.60, with shares of the country’s leading banks like Commonwealth Bank of Australia and Westpac edged down. In Japan, the Nikkei 225 declined 1.04% to 23,032.54 while the Topix index decreased 0.96% to close at 1,605.40. South Korea’s Kospi also fell 1.09% to close at 2,375.81. Overall, the MSCI Asia ex-Japan index shed 1%.

In the Commodity Markets, Crude Oil was trading mixed. Global benchmark Brent Crude futures inched up 0.2% to $45.22 per barrel. WTI crude futures rose 2.01% to $37.49 per barrel. In the precious metal, Spot gold inched down 0.2% to $1,935.88 per ounce. U.S. gold futures inched up 0.1% to $1,941.60. Elsewhere, silver rose 0.24% to $26.920 per ounce, platinum edged down to $907.32, and palladium dropped 0.66% to $2,280.47.

In the Cryptocurrency Markets, In a recent post by Chainalysis says that Ukraine has the first place in the Global Crypto Adoption Index 2020, accompanied by Russia and Venezuela at the second and third rank, respectively. BTC/USD inched down 0.85% and was trading at 10,645.0. Ethereum inched down 1.44% to $348.85. Litecoin was down 1.12% to 40.850, and Dash fell 3.54% to 75.15. Ripple edged down 0.90% to 0.224297, at the time of writing.

TECHNICAL SUMMARY

EUR/USD

EUR/USD D1

SELL SUGGESTION- SELL AT 1.17618, TAKE PROFIT AT 1.7557 AND STOP AT 1.17679

GBP/USD

GBP/USD D1

TRADE SUGGESTION – SELL AT 1.29200, TAKE PROFIT AT 1.29135 AND STOP AT 1.29135

USD/CAD

USD/CAD D1

TRADE SUGGESTION- BUY AT 1.31092 TAKE PROFIT AT 1.33446 AND STOP AT 1.34755

NZD/USD

NZD/USD D1

TRADE SUGGESTION- SELL AT 0.66112, TAKE PROFIT AT 0.65978 AND STOP AT 0.66252

DOW JONES

DOW JONES D1


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Capital Street Intermarkets Limited is fully licensed and regulated by the FSC Mauritius, as a Full Services Investment Dealer (excluding underwriting), under the licence number C112010690.

The report presents a summary of all upcoming and recent fundamental events as well as technical analysis for the major markets.

DAILY REPORT - 10th SEPT 2020

Overnight on Wall Street, the Dow Jones Industrial Average closed 439.58 points higher at 27,940.47. The S&P 500 jumped 2% to 3,398.96 and the Nasdaq Composite advanced 2.7% to 11,141.56. The U.S. Treasury department will auction $23 billion of 30-year bonds later in the day, along with $30 billion of 4-week bills and $35 billion of 8-week bills.

Stocks in Asia-Pacific were trading mixed in the early trade session today following the drop in the shares of Indonesia and China. Mainland Chinese stocks were flat in the afternoon trading, with the Shanghai Composite down 0.22% while the Shenzhen component slid 0.459%. Shares of Yum China slipped more than 3% from their issue price following the stock’s issue.

Hong Kong’s Hang Seng Index was 0.17% higher. The Nikkei 225 in Japan rose 0.88% to close at 23,235.47, while the Topix index advanced 1.21% to end its trading day at 1,624.86. South Korea’s Kospi gained 0.88%. Shares in Australia also advanced on the day, with the S&P/ASX 200 up 0.51% to 5,908.50. Overall, the MSCI Asia ex-Japan index edged 0.6% higher.

European shares inched higher on Thursday, with investors looking towards signs of further stimulus from the European Central Bank in the hopes of a strong euro. In the Cash Markets, France index CAC 40 rose 1.40% at 5042.98 and the German index DAX inched up 2.04% to 13,233.25, while the EURO STOXX 600 climbed up 1.62%. The FTSE 100 was also trading in the upward direction and inched up by 1.39% to 6012.89, at the time of writing.

On the data front, a meeting of the European Central Bank, with its policy decision, is due at 7:45 local time and will be followed by a news conference from President Christine Lagarde. The central bank is also scheduled to release new economic estimates of its employees and review its current policy. In the United States, the Initial Jobless Claims and Crude Oil Inventories are scheduled to be released at 11:00 local time today.

In the currency markets, the U.S. Dollar Index edged down 0.12% to 92.882. The USD/JPY pair declined 0.10% to 106.06. The AUD/USD was down by 0.18% to 0.7267 and the NZD/USD pair edged down 0.15% to 0.6672. The USD/CNY pair inched down 1.03% to 5.8833. The GBP/USD pair inched up 0.0008% to 1.3007, at the time of writing.

In the Commodity market, oil prices were steeper in the afternoon of Asian trading session, with international benchmark Brent Crude futures up 0.25% to $40.89 per barrel. And U.S. crude futures also gained 0.16% to $38.11 per barrel.

In the precious metals, Gold steadied near a one-week high on Thursday against a weakened dollar, the yellow metal traded in a small $8 range as investors had large bets ahead of the European Central Bank’s fiscal policy decision due later in the day. Spot gold was straight at $1,946.25 per ounce, after touching its highest since Sept. 3 at $1,950.51 on Wednesday. U.S. gold futures were stable at $1,954.90.
Elsewhere, silver was flat at $27.02 per ounce, platinum advanced a little at $916.18 and palladium inched up 1% to $2,294.42.

In the Cryptocurrency Markets, BTC/USD inched up 1.18% and was trading at 10,301.9. Ethereum inched up 6.60% to $364.67. Litecoin up 1.2% to 48.262, and Dash inched down 1.73% to 75.32. Ripple inched 2.15% to 0.166221, at the time of writing.


TECHNICAL SUMMARY

EUR/USD

EUR/USD D1

SELL SUGGESTION- BUY AT 1.18325, TAKE PROFIT AT 1.19135 AND STOP AT 1.17515

GBP/USD

GBP/USD D1

TRADE SUGGESTION – SELL AT 1.29615, TAKE PROFIT AT 1.27775 AND STOP AT 1.31455

USD/JPY

USD/JPY D1

TRADE SUGGESTION- BUY AT 105.942 TAKE PROFIT AT 106.288 AND STOP AT 106.288

USD/CHF

USD/CHF D1

TRADE SUGGESTION- SELL AT 0.91074, TAKE PROFIT AT 0.65978 AND STOP AT 0.91782

S&P 500

S&P 500 D1

TRADE SUGGESTION- BUY AT 3446.00, TAKE PROFIT AT 3576.25 AND STOP AT 3576.25

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DAILY REPORT – 11Th Sept. 2020

Britain’s recovery from the coronavirus pandemic continued as shops reopened and manufacturing activity resumed, but the economy has grown slowly. GDP now stands at 18.6% which is a little higher than the previous low ebb in April. However, it remains 11.7% below the levels indicated in February 2020 before the infection transmission to Britain.

European stock markets were opened mixed on Friday, with investors having an eye on a comparatively optimistic ECB and new weakened statistics of the Wall Street. The pan-European Stoxx 600 declined by 0.91% to 367.12. In the Cash Markets, the CAC 40 was trading lower by 0.38% at 5028.43 and the DAX declined by 0.26% to 13,202. Euro Stoxx 50 declined 0.36% to 3,312.09, at the time of writing.

Stocks in Asia-Pacific were trading mixed in early trade session today as the drop in the movement of the regional technology stock sector stateside. Mainland Chinese stocks were also mixed by the afternoon, with Shanghai Composite inched down 0.21% whereas the Shenzhen Component rose moderately. Hong Kong’s Hang Sang Index edged up 0.42%.

Meanwhile, in Japan, the Nikkei 225 rose 0.35% to 23,207.5, in the afternoon trading session. While the Topix index inched up 0.47% to 1620.75. South Korea’s Kospi inched down 0.65% to 315.45. And Australia’s S&P/ASX 200 dropped 0.74% to 5849.0.


Overnight in the United States, The Dow Futures is up by 0.56% to 27,753 while Nasdaq 100 futures declined by 2.12% and S&P 500 futures decreased 1.76% to 3,33987 respectively.
In corporate news, Shares of major Mier Rio Tinto dipped around 0.8% after the firm announced its chief executive Jean-Sébastien Jacques, who led the mining giant since 2016, will be stepping down by mutual agreement

On the Data front, GBP Manufacturing Production that measures the change in the overall inflation-adjusted value of output produced by manufacturers released today at 2:00 local time today. The actual rate is 6.3%, which is higher than the 5.05 forecast. EUR ECB President Lagarde Speak is scheduled at 5:30 local time today. From the USA, USD Core CPI Mom for the month of August will be released later in the day.

In the currency markets, the U.S. Dollar Index edged down 0.12% to 92.882, after an earlier high of 93.352. The USD/JPY gained 0.04% to 106.16. The AUD/USD was up by 0.37% to 0.7284 and the NZD/USD pair edged up by 0.24% to 0.6665. The USD/CNY pair inched down to 6.8833. The GBP/USD pair inched up 0.0027% to 1.2827, at the time of writing.

In the Commodity Markets, Gold prices fell on Friday as the U.S. dollar rebounded, spot Gold was down 0.8% at $1,938.53 per ounce by 0308 GMT, after hitting its best level since September 2 at $1,965.94
on Thursday. Gold has gained 0.4% this week. U.S. gold futures fell 0.8% to $1,948. Elsewhere, silver dropped 1.2% to $26.61 per ounce and palladium lost 0.7% to $2,278.86. Platinum eased 0.4% to $922.43, but was heading for its best week since week-ending August 7, up 3%.

Oil prices were lower in the afternoon of Asian trading hours, U.S. crude futures traded 0.3% lower at $37.19 a barrel, while the international benchmark Brent contract fell 0.4% to $39.89. Both major benchmarks are down around 6.5% for the week and headed for a second week of declines.
In the Cryptocurrency Markets, BTC/USD inched down 0.49% and was trading at $10,283.6. Ethereum edged down 1.34% to $363.15. Litecoin fell 0.80 to $48.157, and Dash inched down 0.43% to 75.21. Ripple edged down 0.17% to 0.2353, at the time of writing.

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The report presents a summary of all upcoming and recent fundamental events as well as technical analysis for the major markets.

DAILY REPORT - 15th SEPT 2020

Overnight in the Wall Street the futures follows a rebound session on Monday. At the close in NYSE, the Dow Jones Industrial Average rose 1.18%, while the S&P 500 index gained 1.27%, and the NASDAQ Composite index added 1.87%.

Asia-Pacific were mostly higher on Tuesday as investors watched China’s August economic data released earlier in the day. Mainland Chinese stocks edged higher by their close, with the Shanghai Composite up 0.51% to about 3,295.68 while the Shenzhen component advanced 0.933% to around 13,143.46. Hong Kong’s Hang Seng Index gained 0.32%. South Korea’ Kospi finished its trading day 0.65% higher at 2,443.58.

In Southeast Asia, the Straits Times index in Singapore advanced 0.64%. The S&P/ASX 200 closed fractionally lower at 5,894.80. Japanese stocks also declined on the day, as the Nikkei 225 slipped 0.44% to 23,454.89 while the Topix index shed 0.62% to 1,640.84.

European stock markets opened mixed on Tuesday, The DXA futures contract in Germany traded 0.4% higher, CAC 40 futures in France dropped 0.1%, while the FTSE 100 futures contract in the U.K. fell 0.4%. U.S. stock futures ticked slightly higher early Tuesday morning Dow and S&P 500 both gained more than 1% .

On the data front, U.K. Average Earnings Index +Bonus The Average Earnings Index measures change in the price businesses and the government pay for labor, including bonuses. Germany ZEW Economic Sentiment The German Zentrum für Europäische Wirtschaftsforschung (ZEW) Economic Sentiment Index gauges the six-month economic outlook.

On the Economic Front, Data released earlier Tuesday showed continuous progress in China’s economic recovery in August, with retail sales increasing 0.5% year-on-year and industrial production increasing 45.6% year-on-year. Both figures beat expectations, with retail sales, in particular, reporting their first increase in 2020.

In the currency markets, the Dollar Index rose 0.1% to 92.838. EUR/USD dropped 0.2% to 1.1889, while GBP/USD edged up 0.1% to 1.2858. USD/TRY inched up 0.1% to 7.4861. USD/CNY traded lower 0.3% to 6.7856. AUD/USD inched up 0.35% to 0.7290 and NZD/USD up 0.19% to 0.67007, at the time of writing.

In the Commodity Markets, Gold rose on Tuesday morning in Asia as the dollar dragged down. The precious metal pushed up by 1% after the greenback had its worst day in a fortnight. Trading in Asia pushed gold even higher as the currency differential came into full effect, making gold cheaper for currencies other than the dollar. Gold futures were up 0.61% to $1,975.75 by 12:30 a 12-day-high. Elsewhere, Silver gained 0.52% to 27.17 per ounce, platinum rose 1.39% to 972 and palladium climbed 0.63% to 2,3391.1, at the time of writing.

Oil prices edged lower Tuesday, weighed by worries about the outlook for global fuel demand ahead of a meeting later this week of the Organization of Petroleum Exporting Countries and its allies. U.S. Crude futures traded 0.1% lower at $37.24 a barrel, while the international benchmark Brent contract fell 0.2% to $39.55.
In the Cryptocurrency Markets, BTC/USD inched up 0.33% and was trading at $10,690.4.07 Ethereum edged down 0.53% to $374.24. Litecoin up by 2.07% to 44.707, and Dash inched down 0.55% to $74.956. Ripple inched up 0.17% to $0.2409, at the time of writing.

TECHNICAL SUMMARY

EUR/USD
Attachment f

EUR/USD D1
Attachment g

TRADE SUGGESTION- BUY AT 1.19158, TAKE PROFIT AT 1.20095 AND STOP AT 1.18221

GBP/USD
Attachment f
GBP/USD D1
Attachment g

TRADE SUGGESTION – SELL AT 1.27895, TAKE PROFIT AT 1.27160 AND STOP AT 1.2863

USD/JPY
Attachment f
USD/JPY D1
Attachment g

TRADE SUGGESTION- SELL AT 105.278, TAKE PROFIT AT 104.304 AND STOP AT 106.252

USD/CHF
Attachment f
USD/CHF D1
Attachment g

TRADE SUGGESTION- SELL AT 0.90487, TAKE PROFIT AT 0.90102 AND STOP AT 0.90872

NASDAQ 100
Attachment f
NASDAQ 100 D1
Attachment g


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Capital Street Intermarkets Limited is fully licensed and regulated by the FSC Mauritius, as a Full Services Investment Dealer (excluding underwriting), under the license number C112010690..

The report presents a summary of all upcoming and recent fundamental events as well as technical analysis for the major markets.

DAILY REPORT – 21st Sept. 2020

On Monday, the Asian market held on tight ranges as attention shifts to US elections and stimulus. The Japanese market is closed today as Japan every year on 21st September observes “Respect for the aged” Hong Kong’s Hang Seng Index was down 0.70% to 24,179. Mainland Chinese stocks also edged lower today, as the Shanghai Composite declined to0.26% to about 3,329.42. South Korea’s Kospi climbed down to 2,389.91.

Shares in Australia also saw loss, with the S&P/ASX 200 inched down to 0.50% to 5,809.80 to hit a new 1-month low. The best performers of the session on the S&P/ASX 200 were Whitehaven Coal Ltd, which rose 10.17% or 0.090 points to trade at 0.975 at the close. Overall, the Singapore MSCI index gained 0.46% to 287.88, at the time of writing.

U. S. Markets were opened lower today, however Wall Street looks to recover from its worst tech sell-off in five months, driven by 2020′ market leaders, Amazon, Tesla, Apple, Microsoft and Facebook. The Nasdaq 100 was down by 1.30% to 10,936, the S&P 500 was down by 1.27% to 3,319.47 and the Dow Jones was down at 27,657.42, at the time of writing.

The pan-European STOXX 50 slid 0.99% to 3,283. In the cash markets, the DAX futures contract in Germany traded 0.24% lower, CAC 40 futures in France climbed down 0.46% to 4,964.5, while the FTSE 100 futures in the U.K. declined 0.46% to 5,940.

On the data front, EUR ECB President Lagarde is scheduled to speak at 8:45 local time today. In the United States, Fed Chairman Jerome Powell is for appearance before Congressional committees later today at 10:00 local time.

In corporate news, Banking giant HSBC is likely to be in the spotlight Monday after slumping in Asian trading, with its shares falling to the lowest level since 1995. HSBC, along with Standard Chartered is one of the banks accused of moving large sums of allegedly illicit funds over nearly two decades by the Financial Crimes Enforcement Network. AstraZeneca will also be in focus after the pharma giant said on Saturday that its Covid-19 vaccine trial in the United States was still on hold after a safety event was reported in its U.K. trial two weeks ago.

On the Economic Front, European Central Bank President Lagarde will speak on short term interest rate at 8:45 local time. U.S Fed Chair Powell will speak about the interest rate at 10:00. NZB rate statement at 22:00 by local time.

In the currency market, EUR/USD was up 0.18% to 1.1854. The AUD/USD was up by 0.35% to 0.7317 and the NZD/USD pair edged up by 0.97% to 0.6763. The USD/CNY pair inched down by 0.091% to 6.7600. The GBP/USD pair inched up 0.020% to 1.2940, at the time of writing.

In the Commodity Markets, Gold prices slipped by 0.03% to $1,949, on Monday. Spot gold (XAU/USD) was down 0.25% at $1,950.09 per ounce. Elsewhere, silver futures fell 0.76% to $26.92 per ounce and platinum climbed by 0.45% to $937.74, while palladium edged 0.91% higher to $2,400, at the time of writing. Oil prices fell on Monday amid concerns that a possible rise in Covid-19 cases. U.S. West Texas Intermediate crude futures fell by 0.63%, to $41.08 per barrel. Brent crude futures also fell by 0.52%, to $42.93 a barrel.

In the Cryptocurrency Markets, BTC/USD inched down 0.52% and was trading at 10,947. Ethereum edged down 1.76% to $373.33. Litecoin declined 2.04% to 39.910, and Dash inched down 0.69% to 71.49,at the time of writing.

TECHNICAL SUMMARY

EURUSD
https://lh4.googleusercontent.com/2X...QWoLuVacwwi3nw
https://www.capitalstreetfx.com/en/w...gle-Docs-2.png

TRADE SUGGESTION- BUY AT 1.19158 TAKE PROFIT AT 1.20095 AND STOP AT 1.18221

GBPUSD
https://lh6.googleusercontent.com/KQ...7QbHEQQ29Uyykg
https://www.capitalstreetfx.com/en/w...020/09/2-2.png

TRADE SUGGESTION – BUY AT 1.30340, TAKE PROFIT AT 1.31455 AND STOP AT 1.2919

USDJPY
https://lh6.googleusercontent.com/B1...4s3VjKsZdGxYAM
https://www.capitalstreetfx.com/en/w.../2020/09/3.png

TRADE SUGGESTION- SELL AT 103.686, TAKE PROFIT AT 102.449 AND STOP AT 104.923

USDCHF
https://lh5.googleusercontent.com/gg...-FACqUM-RAgNEk
https://www.capitalstreetfx.com/en/w...020/09/4-2.png

TRADE SUGGESTION- SELL AT 0.90487, TAKE PROFIT AT 0.90102 AND STOP AT 0.90872

DOW JONES INDEX
https://lh5.googleusercontent.com/Il...mVWmlwQUhZx77s
https://www.capitalstreetfx.com/en/w.../2020/09/5.png

TRADE SUGGESTION- SELL AT 27183.0, TAKE PROFIT AT 26759.0 AND STOP AT 27607.0

BRENT CRUDE OIL FUTURES
https://lh5.googleusercontent.com/SS...nTs58xplxJgufY
https://www.capitalstreetfx.com/en/w...20/09/10-1.png

TRADE SUGGESTION- BUY AT 43.80, TAKE PROFIT AT 46.01, AND STOP AT 41.59

GOLD
https://lh6.googleusercontent.com/9J...xTrxd4EkaWEWFk
https://www.capitalstreetfx.com/en/w...020/09/6-1.png

TRADE SUGGESTION- BUY AT 1973.41, TAKE PROFIT AT 1992.46 AND STOP AT 1953.91

BTCUSD
https://lh4.googleusercontent.com/6Z...yHuEeq4i5n9znU
https://www.capitalstreetfx.com/en/w.../2020/09/7.png

TRADE SUGGESTION- BUY AT 11152.5, TAKE PROFIT AT 11446.19 AND STOP AT 10858.81

https://www.capitalstreetfx.com/en/w...ort_footer.jpg


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Capital Street Intermarkets Limited is fully licensed and regulated by the FSC Mauritius, as a Full Services Investment Dealer (excluding underwriting), under the license number C112010690.

The report presents a summary of all upcoming and recent fundamental events as well as technical analysis for the major markets.

DAILY REPORT – 25th Sept. 2020

The European market was Seen moving higher helped by a late recovery on Wall Street. In the Cash Markets, Germany’s DAX edged up 0.07% at 12,608.22, France’s CAC 40 inched down 0.1% at 4,758.05. Italy’s FTSE MIB was lower by 0.04% in 18898,92. London’s FTSE 100 rose 0.2% at 5,834.29.

Shares in Asia Pacific rose on Friday, after robust U.S. Housing data supported a late tech-driven rally on Wall Street. The Shanghai Composite was down 0.12% to 3,219.12. Stocks in Australia rose with the S&P/ASX 200 edging up 1.51% to 5964.90, NZX 50 climbed 0.92% to 11,797.08.

Over in Hong Kong, the Hang Seng Index fell by 0.1% to 23,288.9. In Japan, the Nikkei 225 climbed 0.51% to 23,204.62, while the Topix index rose 0.48% to 1634.23. South Korea’s Kospi also rose 0.27% to 2,278.79.
Overnight on Wall Street, The Dow ended Thursday up 0.2%, to 26,815.44. While the S&P 500 climbed 0.3% to 3,246.59 and the Nasdaq Composite Index rose 0.37% to 10,672.27.

In the Corporate news today, The best performers of the session on the Dow Jones Industrial Average were Goldman Sachs Group Inc, which rose 4.83% or 8.99 points to trade at 195.11. Meanwhile, Microsoft Corporation added 1.30% or 2.60 points to end at 203.19 and Apple Inc was up 1.03% or 1.10 points to 108.22 in late trade.

The worst performers of the session were Boeing, which fell 3.39% or 5.13 points to trade at 146.05. Nike Inc declined 1.86% or 2.36 points to end at 124.75 and Cisco Systems Inc was down 1.12% or 0.43 points to 37.85.

On the data front, U.S. Core Durable Goods Orders MoM will be release at 08:30 local time. DGO previous was 2.6% and forecast was 1.2%. CFTC JPY speculative net positions at 15:30, previous was 22.9K. France Jobseekers Total data will be published at 06:00, previous was 3792.5K.

On the Economic Front, British public borrowing rose to 35.920 billion pounds ($45.8 billion) in August, a record high for the month though below its peaks earlier in the financial year, as the government dealt with the economic damage from the coronavirus pandemic. Democrats in the U.S. House of Representatives are working on a $2.2 trillion coronavirus stimulus package that could be voted on next week.

In the Forex market, the U.S. Dollar Index edged down 0.11% to 94.35. The USD/JPY pair inched down 0.15% to 105.43. The AUD/USD inched up 0.35% to 0.7049 and the NZD/USD pair edged up 0.40% to 0.6546. The USD/CNY pair inched down 0.22% to 6.8123. The GBP/USD pair inched up 0.04% to 1.2754, at the time of writing.

In the Commodity Markets, Gold was down on Friday. Gold futures inched down 0.11% to $1,874.90. The spot price of gold, which reflects trades in bullion, was up 0.3%, to $1,868.92. Elsewhere, silver was up 0.19% to $23.24 per ounce, platinum was also up 2.06% to $855.1, and palladium edged up 0.76% to $2,243.8.

In news related to Crude Oil, prices rose on Friday but are on track for a weekly fall because of rising concerns about the global resurgence of coronavirus infections and its effects on fuel demand, while the likely return of exports from Libya will add to supply. Crude futures also traded below 0.30% to $39.68 per barrel.
International benchmark Brent Crude futures declined 0.19% and traded at $41.75 per barrel. Brent Crude was up 17 cents at $42.11 a barrel, while U.S. West Texas Intermediate crude gained 16 cents to $40.47.

In the Cryptocurrency Markets, BTC/USD inched down 0.88% and was trading at 10,637.18. Ethereum edged down 1.26% to $343.44. Litecoin falls 1.14% to 40.572. Dash edged down 1.32.% to $40.57, at the time of writing.

TECHNICAL SUMMARY

EURUSD

TRADE SUGGESTION- SELL AT 1.16248 TAKE PROFIT AT 1.15797 AND STOP AT 1.15797

GBPUSD

TRADE SUGGESTION – SELL AT 1.26740, TAKE PROFIT AT 1.26042 AND STOP AT 1.27438

USDJPY

TRADE SUGGESTION- BUY AT 105.515, TAKE PROFIT AT 105.799 AND STOP AT 105.231

USDCHF

TRADE SUGGESTION- BUY AT 0.92801, TAKE PROFIT AT 0.93229 AND STOP AT 0.92372

DAX 30 Indax

https://www.capitalstreetfx.com/en/w...20/09/25-4.png

TRADE SUGGESTION- SELL AT 12435.0, TAKE PROFIT AT 12265.4 AND STOP AT 12604.6

BRENT CRUDE OIL FUTURES
https://lh5.googleusercontent.com/Sc...mFT53tqcP2G240
https://www.capitalstreetfx.com/en/w...20/09/25-5.png

TRADE SUGGESTION- SELL AT 40.94, TAKE PROFIT AT 39.36 AND STOP AT 42.58

GOLD
https://lh6.googleusercontent.com/FZ...QAA39hcs7xdfhs
https://www.capitalstreetfx.com/en/w...20/09/25-6.png

TRADE SUGGESTION- SELL AT 1848.3, TAKE PROFIT AT 1819.66 AND STOP AT 1876.94

ETHEREUM
https://lh6.googleusercontent.com/F4...a9S9HNIfmqfNAE
https://www.capitalstreetfx.com/en/w...20/09/25-7.png

TRADE SUGGESTION- SELL AT 314.16, TAKE PROFIT AT 306.44 AND STOP AT 321.88

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Daily Report on October 08, 2020


Asian stock markets edged higher in morning trade after the U.S. President Donald Trump appeared to alter his stance on COVID-19 stimulus talks, tweeting new proposals overnight. Markets are also factoring in a Democrat win in U.S. presidential elections.

The Tokyo market’s index Nikkei 225 closed up by 0.68 % at 23,647.90 and the topix closed at 0.31% higher to 1,657 .Hong Kong’s Hang Seng index was up by 0.51 % to 24,124.05. Mainland Chinese stocks also edged lower today, as the Shanghai composite climbed down by 0.20% to about 3,218.05. South Korea’s Kospi climbed up by 0.21% to 2,391.89.

Shares in Australia also saw gain Australia stocks were higher after the close on Thursday, as gains in the IT, Health care and Materials sectors led shares higher,, with the S&P/ASX 200 inched up by1.13 % to 6,028.80, at the time of writing.

European stock markets are seen opening marginally higher Thursday, helped by strong gains on Wall street overnight after President Donald Trump revived hopes of a fiscal stimulus package in the U.S.

The pan-European Stoxx 50 climbed up by 0.65% to 3,253.19. In the cash markets, the DAX futures Germany was trading 0.81% higher at 13,306.87, CAC 40 futures in France climbed up 0.58% to 4,905.5, while the FTSE 100 futures in the U.K. rose by 0.12 % to 5953,at the time of writing.
The American stock market closed on a positive note. The Nasdaq 100 was up by 1.87% to 11,354.20 , the S&P 500 was up by 1.74% to 3,418.80 and the Dow Jones was up by 1.91% at 28,304.90, at the time of writing.

In the Corporate News today, Dainippon Screen Mfg. Co., Ltd. (T:7735), which rose 8.33% or 490.0 points to trade at 6370.0 at the close. Meanwhile, Advantest Corp. (T:6857) added 5.37% or 280.0 points to end at 5490.0 and Unitika, Ltd. (T:3103) was up 5.36% or 20.0 points to 393.0 in late trade. Ratos AB (ST:RATOb) jumped 11.3% after U.S. business analytics company Dun & Bradstreet (NNB) said it would acquire Europe’s Bisnode from the Swedish private equity firm. Samsung Electronics (OTC:SSNLF) Co Ltd’s (KS:005930) third-quarter profit likely jumped 58% to its highest in two years.

On the economic front, The French economy rebounded 16% in the third quarter after an unprecedented 13.8% slump in the previous three months. In Japan, The number of corporate bankruptcies totalled 3,956 cases in the first half of the fiscal year that began in April, down 5.2% from the same period last year and the lowest level in nearly 16 years.

In the United States, The minutes of the FED meeting showed there was a consensus among members to keep policy accommodative until the economy has achieved maximum employment and inflation is on track to moderately exceed 2% for some time. The minutes noted, however, that inflation is not expected to meet the central bank’s target any time soon. With the more-accommodative monetary policy assumed in the current forecast, which reflected the recent consensus statement, inflation was projected to moderately overshoot 2 percent for some time in the years beyond 2023.

On the data front, GBP BoE Gov Bailey is scheduled to speak at 03:25 local time today. EUR ECB Monetary Policy Statement will be released at 07:30 local time today. In U.S., initial jobless claims will be released at 08:30 local time, previous figure was 837K and forecast is 820K.

In the currency market ,EUR/USD was up by 0.09% to 1.1770 . The AUD/USD was up by 0.41% to 0.7168 and the NZD/USD pair edged up by 0.18% to 0.6588.. The GBP/USD pair inched up by 0.25% to 1.2948, at the time of writing.

In the Commodity Markets, Gold prices climbed up by 0.30% to $1,896.50 ,on Thursday . Spot gold (XAU/USD) was up by 0.25% at $1,892.09 per ounce. Elsewhere, silver futures gained by 1.17% to $24.430 per ounce and platinum climbed up 0.23 % to $872.74, while palladium edged 0.08% higher to $2,376.70, at the time of writing.

U.S. West Texas Intermediate crude futures climbed up by 1.03 % to 40.85 per barrel. Brent crude futures also climbed up by 1.12%, to $42.46 a barrel.
In the Cryptocurrency Markets, BTC/USD inched down by 0.32% and was trading at 10,599. Ethereum was also down by 1.52% to $336.11. Litecoin too declined 0.22% to 45.895, and Dash inched up by 1.69 % to 67.59,at the time of writing.

TECHNICAL SUMMARY

EURUSD
https://lh5.googleusercontent.com/ii...h7poGHmUaCjzCg
https://www.capitalstreetfx.com/en/w...020/10/4-1.png

TRADE SUGGESTION- BUY AT 1.17719 TAKE PROFIT AT 1.18360 AND STOP AT 1.16903

GBPUSD
https://lh3.googleusercontent.com/Iv...lFJkbFrBVuzPGI
https://www.capitalstreetfx.com/en/w...020/10/4-2.png

TRADE SUGGESTION – BUY AT 1.29515, TAKE PROFIT AT 1.30324 AND STOP AT 1.28646

USDJPY
https://lh6.googleusercontent.com/g4...mMWOX9yiUXCKrM
https://www.capitalstreetfx.com/en/w...020/10/4-3.png

TRADE SUGGESTION- BUY AT 105.954, TAKE PROFIT AT 106.377 AND STOP AT 105.426

USDCHF
https://lh3.googleusercontent.com/BO...tzStMXNkfSKHhs
https://www.capitalstreetfx.com/en/w...020/10/4-4.png

TRADE SUGGESTION- SELL AT 0.91606, TAKE PROFIT AT 0.91282 AND STOP AT 0.91870

S & P 500 INDEX
https://lh5.googleusercontent.com/on...HpS92BJx-MFCuA
https://www.capitalstreetfx.com/en/w...020/10/4-5.png

TRADE SUGGESTION- BUY AT 3428.15, TAKE PROFIT AT 3463.45 AND STOP AT 3356.05

BRENT CRUDE OIL FUTURES
https://lh4.googleusercontent.com/OZ...2Q-uoG0RY2Bntw
https://www.capitalstreetfx.com/en/w...020/10/4-6.png

TRADE SUGGESTION- BUY AT 42.20, TAKE PROFIT AT 43.75 AND STOP AT 40.68

GOLD
https://lh3.googleusercontent.com/62...2jMrJED6mPVPuc
https://www.capitalstreetfx.com/en/w...020/10/4-7.png

TRADE SUGGESTION- SELL AT 1892.30, TAKE PROFIT AT 1865.30 AND STOP AT 1920.12

BTCUSD
https://lh4.googleusercontent.com/NW..._Ccwglw1mz6V8o
https://www.capitalstreetfx.com/en/w...020/10/4-8.png

TRADE SUGGESTION- SELL AT 10598.41, TAKE PROFIT AT 10449.14 AND STOP AT 10765.57

Technical Analysis | Research Report 9th-october-2020


Asian stocks were mostly up on Friday morning, tracking U.S. markets and the news that Democrats and Republicans were continuing to try and iron out a COVID-19 stimulus deal. China’s markets also came back on stream after the Golden Week national holidays.

The Tokyo market’s index Nikkei 225 closed down by 0.18 % at 23,588.90 and the topix closed at 0.42% lower to 1,644.25 .Hong Kong’s Hang Seng index was down by 0.05 % to 24,084.05. Mainland Chinese stocks also edged lower today, as the Shanghai composite climbed up by 1.68% to about 3,272.05. South Korea’s Kospi climbed up by 0.21% to 2,391.96.

Australia stocks were higher after the close on Friday, as gains in the Gold and industrial sectors led shares higher., with the S&P/ASX 200 inched up by 0.13 % to 6,092.80, at the time of writing.

European stock markets are seen opening in a cautious manner Friday, with continued worries about the Covid-19 surge weighing despite growth in China’s service sector as well as renewed confidence of a U.S. stimulus package.

The pan-European Stoxx 50 climbed up by 0.20% to 3,262.19. In the cash markets, the DAX futures Germany was trading 0.11% higher at 13,055.87, CAC 40 futures in France climbed up 0.48% to 4,933.5, while the FTSE 100 futures in the U.K. rose by 0.12 % to 5966.8,at the time of writing.

The American stock market closed on a positive note. The Nasdaq 100 was up by 0.29% to 11,571.20 , the S&P 500 was up by 0.37% to 3,450.80 and the Dow Jones was up by 0.33% at 28,404.90, at the time of writing.

On the economic front, Britain’s economy grew much more slowly than expected in August, with gross domestic product rising by just 2.1% from July, its slowest month-on-month increase since the economy began its recovery in May. Additionally, French industrial production rose 1.3% in August from July, increasing at a much slower pace than in previous months, data from France’s statistics agency Insee showed Friday.

In the United States, Revenue from trading bundles of home loans at the biggest global banks – including JPMorgan (NYSE:JPM), Citi and Goldman Sachs (NYSE:GS) among others – is expected to top $3 billion in 2020, one source with direct knowledge of the banks’ trading revenue said, besting last year’s peak of $2.5 billion.
In the corporate news,Danish jewellery maker Pandora (OTCANDY) stock jumped 13% and German online fashion company Zalando SE (DE:ZALG) rose 4.6% and Danish pharma company Novo Nordisk (NYSE:NVO) gained 3.3% after all raising their outlooks for 2020. In Japan, Mitsubishi Motors Corp. (T:7211), which fell 4.24% or 10.0 points to trade at 226.0 at the close. Takashimaya Co., Ltd. (T:8233) declined 4.22% or 37.0 points to end at 839.0 and JGC Corp. (T:1963) was down 3.55% or 38.0 points to 1031.0.

On the data front, UK’s GDP MoM, Manufacturing Production (MoM) (Aug) and Monthly GDP 3M/3M Change released at 02:00 local time today; the actual figures are 2.1%, 0.7% and *% respectively. Late today In Canada, Employment Change for September is scheduled to release at 8:30 local time, the forecast is 156.6K and previous was 245.8K.

In the currency market ,EUR/USD was up by 0.11% to 1.1771 . The AUD/USD was up by 0.26% to 0.7185 and the NZD/USD pair edged up by 0.62% to 0.6612.. The GBP/USD pair inched up by 0.25% to 1.2965, at the time of writing.

In the Commodity Markets, Gold prices climbed up by 1.01% to $1,914.50 ,on Friday . Spot gold (XAU/USD) was up by 0.18% at $1,909.09 per ounce. Elsewhere, silver futures gained by 2.14% to $24.388 per ounce and platinum climbed up 1.38 % to $880.74, while palladium edged 1.07% higher to 2412.70, at the time of writing. .

U.S. West Texas Intermediate crude futures climbed up by 0.13 % to 41.25 per barrel. Brent crude futures also climbed up by 0.18%, to $43.46 a barrel.
In the Cryptocurrency Markets, BTC/USD inched up by 2.49% and was trading at 10,901. Ethereum was also up by 4.03% to $349.11. Litecoin advanced 1.22% to 39.895, and Dash inched up by 1.54 % to 66.59,at the time of writing.

TECHNICAL SUMMARY

EURUSD
https://lh3.googleusercontent.com/La...AzMQQRhZ2UjOco

https://www.capitalstreetfx.com/en/w...020/10/5-1.png

TRADE SUGGESTION- BUY AT 1.17741 TAKE PROFIT AT 1.18334 AND STOP AT 1.16913

GBPUSD
https://lh4.googleusercontent.com/qV...8gUwr7LQqM2WSg

https://www.capitalstreetfx.com/en/w...020/10/5-2.png

TRADE SUGGESTION – BUY AT 1.29536, TAKE PROFIT AT 1.30374 AND STOP AT 1.28614

USDJPY
https://lh6.googleusercontent.com/Ar...xR8b0u2KdJ6770

https://www.capitalstreetfx.com/en/w...020/10/5-3.png

TRADE SUGGESTION- BUY AT 105.935, TAKE PROFIT AT 106.227 AND STOP AT 105.395

USDCHF
https://lh3.googleusercontent.com/v4...qJ1y7iQWlOK0Mc

https://www.capitalstreetfx.com/en/w...020/10/5-4.png

TRADE SUGGESTION- SELL AT 0.91529, TAKE PROFIT AT 0.91125 AND STOP AT 0.91982

NASDAQ 100 INDEX
https://lh6.googleusercontent.com/M2...FM8gZfokgC3BlI

https://www.capitalstreetfx.com/en/w...020/10/5-5.png

TRADE SUGGESTION- BUY AT 11570.21, TAKE PROFIT AT 11588.33 AND STOP AT 11431.62

BRENT CRUDE OIL FUTURES
https://lh4.googleusercontent.com/S5...KAfyahft0cd4Fk

https://www.capitalstreetfx.com/en/w...020/10/5-6.png

TRADE SUGGESTION- BUY AT 43.33, TAKE PROFIT AT 44.71 AND STOP AT 41.69

GOLD
https://lh3.googleusercontent.com/0F...ax84TT7kdoUB_k

https://www.capitalstreetfx.com/en/w...020/10/5-7.png

TRADE SUGGESTION- BUY AT 1909.94, TAKE PROFIT AT 1935.72 AND STOP AT 1880.12

BTCUSD
https://lh3.googleusercontent.com/So...2-vyTcchcftFOc

https://www.capitalstreetfx.com/en/w...020/10/5-8.png

TRADE SUGGESTION- BUY AT 10860.86, TAKE PROFIT AT 10998.89 AND STOP AT 10735.03

DAILY TECHNICAL ANALYSIS | CAPITAL STREET FX | 14-October-2020


Asian equities were set to slip on Wednesday as halted COVID-19 vaccine trials and an elusive U.S. The Shanghai composite was down 0.78% to 3,333.73. Overall, the Singapore MSCI went down 0.64% to 293.25.Over in Hong Kong, the Hang Seng Index down by 0.28% to 24,580. In Japan, the Nikkei 225 climbed up 0.07% to 23,616 ,while the Topix index was down 0.43% to 1641.92. South Korea’s Kospi down 0.93% to 2,382.18. Australia S&P/ASX 200 down 0.13% to 6187.8.

European stock markets are seen opening mixed Wednesday, with investors looking to the world’s central bankers for guidance as the coronavirus tightens its grip. The DAX futures contract in Germany traded 0.1% higher, CAC 40 futures in France dropped 0.1% and the FTSE 100 futures contract in the U.K. rose 0.3%.
Overnight in the Wall Street, The Nasdaq 100 down 0.04% to 12083.17. Dow Jones closes at 28679.8 down 0.55%,NYSE closes at 13211.95 up 0.85%, S&P 500 closes at 3511.9 down 0.63%.

In the currency market the dollar edged higher, the US Dollar index was up 0.05% at 93.58. GBPUSD down 0.27% to 1.2897. The USDJPY up 0.03% to 105.50 .The USDCHF flat at 0.9146.EURUSD flat at 1.1741, EUR/GBP up 0.31% to 0.91042. The USD/CNY down 0.06% at 6.7408, at the time of writing.
In the commodity market Gold was up on Wednesday morning in Asia, as hopes that the latest U.S. stimulus measures would be passed by Congress before the Nov. 3. U.S. gold futures up 0.33% to $1,900.75. Elsewhere, Silver up 0.24% to $24.18 per ounce, platinum up 1.02% to $876 per ounce, and palladium up 1.83 % to $2,362.

Oil prices slipped on Wednesday on concerns that fuel demand will continue to falter as rising coronavirus cases across Europe and in the United States, Brent crude futures (LCOc1) for December fell by 12 cents, or 0.3%, to $42.33 a barrel by 0355 GMT while U.S. West Texas Intermediate (CLc1) futures were down 11 cents, or 0.3%, to $40.09.

In the Cryptocurrency Markets, BTCUSD at 11434.9 down 0.06%, Ethereum at 383.46 down 0.44%, Litecoin up 1.2% at 50.579, at the time of writing.

Corporate news: Shares in BlackRock Inc (NYSE:BLK) rose to all time highs; gaining 3.91% or 24.07 to 638.96. CyberAgent Inc (T:4751) added 2.99% or 200.0 points to end at 6900.0 and Toho Co., Ltd. (T:9602) was up 2.69% or 120.0 points to 4580.0 in late trade. Apple Inc. Slipped 1.1% and Boeing Co.dropped 2%. Ford Motor Company up 1.17% to end at $7.76 ,Liberty Global up 0.29% at $22.68, Sunrise communications AG flat at 109.3.

Economic news: The European Union would prefer to have a Brexit deal, but it is ready in case no agreement can be reached, the Commissioner for the EU’s single market. The Fed’s preferred inflation measure, the core personal consumption expenditures (PCE) price index rose 1.6% in the 12 months through August. September’s core PCE price index data is scheduled to be released at the end of this month. The consumer price index rose 0.2% last month after gaining 0.4% in August. The CPI advanced 0.6% in both June and July after falling in the prior three months as business closures to slow the spread of the coronavirus weighed on demand. New motor vehicle prices rose 0.3%. In China, Imports surged 13.2% in September, returning to growth from a fall of 2.1% in August and much stronger than expectations for a 0.3% increase.

Important Data: Japan Industrial Production (MOM-AUG) stood at 1% previously 8.7%.US Core PPI (YOY-SEPT) to be announced at 8:30 today estimated to be 0.9% previously which was 0.6%. European Central Bank (ECB) President Christine Lagarde is to speak today. In the US PPI (MOM-SEPT) to be announced at 8:30 today earlier which was 0.3%.US weekly API crude oil stock to be announced at 16:30 previous week reported as 0.951M. AUD Employment change for the month of September is scheduled to release at 20:30 local time today, previous was -350K and the forecast are 111.0K.

TECHNICAL SUMMARY

GBPUSD
https://lh6.googleusercontent.com/pB...slhcsJ8ykUZeaY
https://www.capitalstreetfx.com/en/w...20/10/14-1.png

TRADE SUGGESTION- SELL AT 1.29170, TAKE PROFIT AT 1.28883AND STOP AT 1.29510

EURUSD
https://lh6.googleusercontent.com/-u...vnpLFileMzbxAE
https://www.capitalstreetfx.com/en/w...20/10/14-2.png

TRADE SUGGESTION- SELL AT 1.1744, TAKE PROFIT AT 1.1728 AND STOP AT 1.17634

USDCHF
https://lh6.googleusercontent.com/aU...EGcTeDFHWxvOxE
https://www.capitalstreetfx.com/en/w...20/10/14-3.png

TRADE SUGGESTION- BUY AT 0.91516 , TAKE PROFIT AT 0.91868 AND STOP AT 0.91321

CHFJPY
https://lh6.googleusercontent.com/1X...m1ZDwIA6T4dX40
https://www.capitalstreetfx.com/en/w...20/10/14-4.png

TRADE SUGGESTION- SELL AT 115.236 , TAKE PROFIT AT 114.820 AND STOP AT 115.64

DOW JONES
https://lh3.googleusercontent.com/Dw...D3lIWB2CGfxKe4
https://www.capitalstreetfx.com/en/w...20/10/14-5.png

TRADE SUGGESTION- BUY AT 28600, TAKE PROFIT AT 28789 AND STOP AT 28534

GOLD
https://lh5.googleusercontent.com/x0...GRE1Gt6csDa3d8
https://www.capitalstreetfx.com/en/w...20/10/14-6.png

TRADE SUGGESTION- SELL AT 1890.49, TAKE PROFIT AT 1877 AND STOP AT 1903.00

CRUDE OIL
https://lh4.googleusercontent.com/Ec..._rspPJa2YJlj0Q
https://www.capitalstreetfx.com/en/w...20/10/14-7.png

TRADE SUGGESTION- SELL AT 39.96, TAKE PROFIT AT 38.53AND STOP AT 40.27

BTCUSD
https://lh4.googleusercontent.com/05...scZUz_PK3r8ZQ4
https://www.capitalstreetfx.com/en/w...20/10/14-8.png

TRADE SUGGESTION- BUY AT 11384 , TAKE PROFIT AT 11537 AND STOP AT 11261

The report presents a summary of all upcoming and recent fundamental events as well as technical analysis for the major markets.

DAILY REPORT – 15th Oct. 2020

Asian stocks mixed on fading U.S. stimulus hopes, virus concerns The Shanghai Composite is up 0.10% at 3,319.713. Overall, the Singapore MSCI went down 0.42% to 293.95. Over in Hong Kong, the Hang Seng Index down by 1.28% to 24,350. In Japan, the Nikkei 225 climbed down 0.52% to 23,515, while the Topix index was down 0.64% to 1630.5. South Korea’s Kospi down 1.28% to 2,349.24. Australia S&P/ASX 200 up 0.67% to 6220.6.
European stock markets are seen opening mixed Wednesday, with investors looking to the world’s central bankers for guidance as the coronavirus tightens its grip. The DAX futures contract in Germany traded 0.1% higher, CAC 40 futures in France dropped 0.1% and the FTSE 100 futures contract in the U.K. rose 0.3%.
On Wall Street, the Dow Jones Industrial Average fell 0.58%, the S&P 500 lost 0.66% and the Nasdaq Composite dropped 0.8%,NYSE closes at 13143.16 down 0.52%, S&P 500 closes at 3511.9 down 0.63%.
The U.S. dollar index, which measures the greenback against a basket of six major currencies, fell 0.15%. GBPUSD up 0.10% to 1.3024. The USDJPY up 0.11% to 105.277 .The USDCHF down 0.04% at 0.9130.EURUSD up 0.07% at 1.1752, EUR/GBP flat at 0.90249. The USD/CNY up 0.11% at 6.7210, at the time of writing.
In the commodity market U.S. gold futures down 0.14% to $1,904.6. Elsewhere, Silver down 0.42% to $24.15 per ounce, platinum up 0.57% to $862 per ounce, and palladium down 0.02 % to $2,352.5.
Oil holds gains on shrinking US stockpiles, Brent Crude futures (LCOc1) for December up 0.3% to $43.32 a barrel while U.S. West Texas Intermediate (CLc1) futures were down 0.05%, to $41.07.
In the Cryptocurrency Markets, BTCUSD at 11385.68 down 0.38%, Ethereum at 377.74 down 0.44%, Litecoin down 0.74% at 49.5, at the time of writing.
Corporate news: U.S. stocks are seen opening largely unchanged Wednesday, as the corporate earnings season kicks into full gear, with the focus on the key banking sector. At 07:05 AM ET (1105 GMT), S&P 500 futures traded 2 points, or 0.1%, lower, the Dow futures contract rose 10 points, or 0.1%, while Nasdaq 100 futures climbed 15 points, or 0.1%. Bank of America (NYSE:BAC) down 5.33% at $23.62, Goldman Sachs (NYSE:GS) up 0.2% at $211.23 and Wells Fargo (NYSE:WFC) down 6.02% at $23.25 all due. These follow above-estimate earnings from JPMorgan (NYSE:JPM) down 0.56% at $100.22 and Citigroup (NYSE:C) down 1.49% at 43.03.
Economic news: Seniors and other Americans receiving Social Security will see a 1.3% increase in benefits next year, the federal government said. The Federal Reserve Vice-Chairman said the U.S. economy’s recovery has been surprisingly strong after a heavy hit earlier in the year, but that continuing support will be needed to recover what was lost so far during the pandemic.
Eurozone: Growth in production dropped from 5% to 0.7% month-on-month in August. The strong rebound seems to be behind us as the fourth quarter brings only more uncertainty for industry. The International Monetary Fund says the eurozone economy would contract by a staggering 8.3% in 2020, a free fall not seen since the 1930s Great Depression.
Important Data: In the US PPI (MOM-SEPT) stood at 0.4% earlier which was 0.3%.US weekly API crude oil stock is -5.422M previous week reported as 0.951M. AUD Unemployment Rate (Sept) is 6.9% earlier which was 6.8% and estimated to be 7.1%. Japan Tertiary Industry activity Index (MOM) is 0.8% earlier which was-0.5%. Russia Industrial Production (YOY-SEPT) is at 0.00% earlier it was -7.2%.
TECHNICAL SUMMARY
GBPUSD
https://lh6.googleusercontent.com/ZG...ixEk6OTL_MmLzI
https://www.capitalstreetfx.com/en/w...20/10/15-1.png

TRADE SUGGESTION- SELL AT 1.30, TAKE PROFIT AT 1.29141AND STOP AT 1.30363

EURUSD
https://lh3.googleusercontent.com/KJ...DRW5458LQWZbUI
https://www.capitalstreetfx.com/en/w...20/10/15-2.png

TRADE SUGGESTION- SELL AT 1.1747 , TAKE PROFIT AT 1.17313 AND STOP AT 1.17681

USDCHF
https://lh3.googleusercontent.com/K6...lT9-R6PD9iRdfo
https://www.capitalstreetfx.com/en/w...20/10/15-3.png

TRADE SUGGESTION- SELL AT 0.91321 , TAKE PROFIT AT 0.91234 AND STOP AT 0.91415

CHFJPY
https://lh4.googleusercontent.com/R3...55GVoqhq6_yiI4
https://www.capitalstreetfx.com/en/w...20/10/15-4.png

TRADE SUGGESTION- SELL AT 115.146 , TAKE PROFIT AT 114.963 AND STOP AT 115.46

NASDAQ 100
https://lh6.googleusercontent.com/MF...Alky0FRW6bKdSc
https://www.capitalstreetfx.com/en/w...20/10/15-5.png

TRADE SUGGESTION- BUY AT 11847, TAKE PROFIT AT 11956 AND STOP AT 11741

GOLD
https://lh5.googleusercontent.com/PB...q0dZ_WSI_8yWBA
https://www.capitalstreetfx.com/en/w...20/10/15-6.png

TRADE SUGGESTION- SELL AT 1897.80, TAKE PROFIT AT 1891.94 AND STOP AT 1906.74

CRUDE OIL
https://lh4.googleusercontent.com/4j...OH-pRAxGfx6E9A
https://www.capitalstreetfx.com/en/w...20/10/15-7.png

TRADE SUGGESTION- BUY AT 40.52, TAKE PROFIT AT 41.31AND STOP AT 40.35

BTCUSD
https://lh6.googleusercontent.com/m1...26_8nUmypedyvU
https://www.capitalstreetfx.com/en/w...20/10/15-8.png

TRADE SUGGESTION- BUY AT 11369.85, TAKE PROFIT AT 11614 AND STOP AT 11287

https://www.capitalstreetfx.com/en/w...ort_footer.jpg

Research-report-16th-october-2020

Asian stocks gave up early gains and fell on Friday, as a resurgence of coronavirus infections in Europe and the United States hurt risk appetite. The Shanghai composite is up 1.90% to 3,333. Overall, the Singapore MSCI went down 1.03% to 289.2.Over in Hong Kong, the Hang Seng Index up by 1.20% to 24,328. In Japan, the Nikkei 225 climbed down 0.85% to 23,417.9 ,while the Topix index was down 1.64% to 1617. South Korea’s Kospi down 2.38% to 2,334.95. Australia S&P/ASX 200 up 1.23% to 6176.8.

European markets finished sharply lower on Thursday with shares in Germany leading the region. The DAX futures contract in Germany traded 2.66% lower, CAC 40 futures in France dropped 2.21% to 4837.4 and the FTSE 100 futures contract in the U.K. rose 0.24% to 5871.5.

In U.S. on Wall Street, the Dow Jones Industrial Average fell 0.07% to 28494, the S&P 500 lost 0.15% to 3483.3 and the Nasdaq Composite up 0.6% to 128.41,NYSE closes at 13137.24 down 0.05%.

In the Forex market, GBPUSD down 0.06% to 1.28947. The USDJPY down 0.15% to 105.263 .The USDCHF up 0.10% at 0.9149.EURUSD down 0.01% at 1.17056, EUR/GBP up 0.13% at 0.90783. The USD/CNY down 0.10% at 6.7206, at the time of writing.

In the commodity market U.S. gold futures down 0.15% to $1,905.39. Elsewhere, Silver down 0.16% to $24.25 per ounce, platinum flat at $864.51 per ounce, and palladium down 0.06 % to $2,355.

Crude Oil Has Rough Ride on Thursday, Brent crude futures (LCOc1) down 0.37% to $43.16 a barrel while U.S. West Texas Intermediate (CLc1) futures were down 0.48%, to $40.06.

In the Cryptocurrency Markets, BTCUSD at 11353.9 down 1.38%, Ethereum at 370.54 down 1.96%, Litecoin down 4.66% at 47.24, at the time of writing.
Corporate news: North and South American markets finished lower on Thursday with shares in Brazil leading the region. The Bovespa is down 0.28% while Mexico’s IPC is off 0.19% and U.S.’s S&P 500 is lower by 0.15%. Nike up 1.05% at $129, Apple down 0.48% at $120.71, Coca-Cola down 0.26% at $49.99.

Economic news: In U.S, THE NUMBER OF PEOPLE filing for unemployment benefits increased last week to 898,000, a worrying sign that the job market’s recovery from the pandemic-induced recession is slowing.

Eurozone: Euro zone financial stability risks are on the rise due to a surge in debt levels but the bank sector has ample buffers to absorb losses while continuing to lend, European Central Bank President Christine Lagarde said on Thursday.

Important Data: Car Registration data published in U.S., there is 4.4% decline on yearly basis whereas 276% rise on monthly basis. In Germany car registration data, there is rise of 5.6% on monthly basis and 8.4% rise on yearly basis in comparison to previously -20%. French car registration data shows that there is 3% decline on yearly basis while 62.4% rise in monthly basis. Euro zone to release its CORE CPI at 5:00 today, earlier which was -0.3% and expectations are also same this time.

TECHNICAL SUMMARY

GBPUSD
https://lh3.googleusercontent.com/lV...nosJrRmh_GYYIc
https://www.capitalstreetfx.com/en/w...20/10/16-1.png

TRADE SUGGESTION- SELL AT 1.2884, TAKE PROFIT AT 1.2868, AND STOP AT 1.2896

EURUSD
https://lh3.googleusercontent.com/4W...-FoYfJKrv5QkeE
https://www.capitalstreetfx.com/en/w...20/10/16-2.png

TRADE SUGGESTION- SELL AT 1.1696, TAKE PROFIT AT 1.16237, AND STOP LOSS AT 1.17250

NZDUSD
https://lh6.googleusercontent.com/aO...wNRflE2p4hXIrw
https://www.capitalstreetfx.com/en/w...20/10/16-3.png

TRADE SUGGESTION- SELL AT 0.65866 , TAKE PROFIT AT 0.65576 AND STOP AT 0.66087

EURNOK
https://lh4.googleusercontent.com/bU...tvki2YEynEqOmc
https://www.capitalstreetfx.com/en/w...20/10/16-4.png

TRADE SUGGESTION- SELL AT 10.97395, TAKE PROFIT AT 11.02895 AND STOP AT 10.93661

STOXX 50
https://lh3.googleusercontent.com/tr...r1qpaxkUjUYjJs
https://www.capitalstreetfx.com/en/w...20/10/16-5.png

TRADE SUGGESTION- SELL AT 3231, TAKE PROFIT AT 3186, AND STOP AT 3250

GOLD
https://lh6.googleusercontent.com/2a...oTHy4uPWhP8TJY
https://www.capitalstreetfx.com/en/w...20/10/16-6.png

TRADE SUGGESTION- SELL AT 1897, TAKE PROFIT AT 1889 AND STOP AT 1911

CRUDE OIL
https://lh4.googleusercontent.com/Mt...SNseoy8uZp3rhs
https://www.capitalstreetfx.com/en/w...20/10/16-7.png

TRADE SUGGESTION- BUY AT 40.57, TAKE PROFIT AT 41.43AND STOP AT 40.19

RIPPLE MINI
https://lh3.googleusercontent.com/Gp...Xs-wJVZiivQiWE
https://www.capitalstreetfx.com/en/w...20/10/16-8.png

TRADE SUGGESTION- SELL AT 0.2279 , TAKE PROFIT AT 0.223205AND STOP AT 0.231585

Research-report-21th-october-2020


Asian stocks gain, yuan soars as traders bet on U.S. stimulus, again. The Shanghai composite is down 0.53% at 3,310. Overall, the Singapore MSCIup 0.50% to 292.3.Over in Hong Kong, the Hang Seng Index up by 0.75% to 24,751. In Japan, the Nikkei 225 up0.32% to 23,639 ,while the Topix index was up0.86% to 1639. South Korea’s Kospi up 0.42% to 2,366.93. Australia S&P/ASX 200 up0.12% to 6191.8.
European equities looked set to follow. The DAX futures contract in Germany traded 0.92% lower at 12736, CAC 40 futures in France flat at 4929.3 and the UK 100 futures contract in the U.K. up 0.08% to 5889.2.
In U.S. on Wall Street, the Dow Jones Industrial Average closed down0.40 % to 28308, the S&P 500 up0.47% to 3443.1 and the Nasdaq Composite up1.18% to 128.99,NYSE closes at 13092down0.57%.
In the Forex market, GBPUSD up 0.25% to 1.29813. The USDJPY down 0.18% to 105.304 .The USDCHF down 0.11% at 0.90600.EURUSD up 0.21% at 1.18461, EUR/GBP down 0.03% at 0.91276. The USD/CNY down 0.37% at 6.6507, at the time of writing.
In the commodity market U.S. gold futures up 0.36%to $1,915.13. Elsewhere, Silver up 1.01% to $24.891 per ounce, platinum down 0.59% at $878.62 per ounce, and palladium down 0.33 % to $2,402.
Crude Oil down on Wednesday, Brent crude futures (LCOc1) down 0.09% to $42.74 a barrel while U.S. West Texas Intermediate (CLc1) futures is up 0.49%, to $41.33.
In the Cryptocurrency Markets, BTCUSD at 12264up2.91%, Ethereum at 380.77up 3.25%, Litecoin down 4.37% at 48.962, at the time of writing.
Corporate news: Western Digital (WDC) up 7.855% at $40.92, United Airlines Holdings(UAL) up 3.923% to $35.5, Appledown2.554% to $115.98, JP Morgan Chase & Co. down 1.685% to $99.8,Procter & Gamble down 1.718% to $141.91, Ross Stores Incdown4.373% at $90.96.
Economic news: US building permits (SEPT) rises from 1.476M to 1.553M
US:Building permits (SEPT) rises from 1.476M to 1.553M
Eurozone:The latest curbs in Ireland will see GDP fall by 3.5% this year, Finance Minister Paschal Donohoe said.
Important Data: UK CORE CPI (YOY-SEPT) stood at 0.5% earlier which was 0.2% and estimated at 0.5%.CANADA CORE CPI (MOM-SEPT) will be announced today at 8:30.UK public sector net borrowing increased from 29.38B to 35.37B estimated to be 32.4B.

TECHNICAL SUMMARY

GBPUSD
https://lh3.googleusercontent.com/d0...CJGH1gP6Kbvw-g
https://www.capitalstreetfx.com/en/w...20/10/21-1.png

TRADE SUGGESTION- BUY AT 1.30, TAKE PROFIT AT 1.30557 AND STOP AT 1.29539

EURUSD
https://lh6.googleusercontent.com/3d...h89VFdWen7EJ-M
https://www.capitalstreetfx.com/en/w...20/10/21-2.png

TRADE SUGGESTION- BUY AT 1.18809 , TAKE PROFIT AT 1.19139 AND STOP LOSS AT 1.18276

EURSEK
https://lh5.googleusercontent.com/2D...IwDZRcF-GvKkoE
https://www.capitalstreetfx.com/en/w...20/10/21-3.png

TRADE SUGGESTION- SELL AT 10.36678 , TAKE PROFIT AT 10.33471AND STOP AT 10.38081

USDZAR
https://lh3.googleusercontent.com/OA...s9t3cxxyVCEEq8
https://www.capitalstreetfx.com/en/w...20/10/21-4.png

TRADE SUGGESTION- SELL AT 16.47730 , TAKE PROFIT AT 16.29811 AND STOP AT 16.48726

FTSEMIB40
https://lh3.googleusercontent.com/-p...iBvXx8dmgN3BL0
https://www.capitalstreetfx.com/en/w...20/10/21-5.png

TRADE SUGGESTION- BUY AT 19572, TAKE PROFIT AT 19721 AND STOP AT 19403

GOLD
https://lh4.googleusercontent.com/WZ...JuRbxVP_tNPtvs
https://www.capitalstreetfx.com/en/w...20/10/21-6.png

TRADE SUGGESTION- BUY AT 1924.96 TAKE PROFIT AT 1928.43 AND STOP AT 1912.18

CRUDE OIL
https://lh6.googleusercontent.com/wa...eVXBD9MgHpniJE
https://www.capitalstreetfx.com/en/w...20/10/21-7.png

TRADE SUGGESTION- BUY AT 41.17, TAKE PROFIT AT 41.82 AND STOP AT 40.7

RIPPLE MINI
https://lh6.googleusercontent.com/lW...hnXzHl7QQNSwGQ
https://www.capitalstreetfx.com/en/w...20/10/21-8.png

TRADE SUGGESTION- BUY AT 0.23360, TAKE PROFIT AT 0.239118 AND STOP AT 0.2296

Research Report 22th-october-2020


Asian shares drop as U.S. stimulus talks drag on. The Shanghai composite is down 0.45% at 3,066.17. Overall, the Singapore MSCIdown 0.19% to 294.6.Over in Hong Kong, the Hang Seng Index up by 0.05% to 25,098. In Japan, the Nikkei 225 down0.57% to 23505.39 ,while the Topix index was down1.10% to 1620. South Korea’s Kospidown 0.74% to 2,352. Australia S&P/ASX 200 down0.29% to 6173.8.

European equities Wednesday closing. The DAX futures contract in Germany traded 1.41% lower at 12557.64, CAC 40 futures in France down 1.53% at 4854.0 and the UK 100 futures contract in the U.K. up down 1.91% to 5776.5.

In U.S. on Wall Street, the Dow Jones Industrial Average closed down0.35 % to 28210, the S&P 500 down0.22% to 3126.5 and the Nasdaq Composite up2.62% to 132.37,NYSE closes at 13040down0.40%.

In the Forex market, GBPUSD flat at 1.31381. The USDJPY down 0.08% to 104.672 .The USDCHF up 0.10% at 0.90625.EURUSD down 0.07% at 1.18480, EUR/GBP down 0.01% at 0.90177. The USD/CNY up 0.19% at 6.6633, at the time of writing.

In the commodity market U.S. gold futures down 0.48%to $1,914.9. Elsewhere, Silver down0.62% to $24.887 per ounce, platinum up 0.51% at $889.21 per ounce, and palladium up 0.15 % to $2,413.

Crude Oil down on Thursday, Brent crude futures (LCOc1) down 0.34% to $41.56 a barrel while U.S. West Texas Intermediate (CLc1) futures is down 0.44%, to $39.83.

In the Cryptocurrency Markets, BTCUSD at 12780.82down0.17%, Ethereum at 395.44up 1.06%, Litecoin up3.81% at 55.27, at the time of writing.
Corporate news: Twitter Inc (TWTR) up 8.393% at $50.24,PayPal Holdings (PYPL) up 5.501% to $213.07, Netflix Inc (NFLX) down6.922% to $489.05, JP Morgan Chase & Co. down 0.996% to $99.37, American Express down 1.658% to $101.43, Boeing Codown2.021% at $163.86.
Economic news:

US: US CRUDE OIL inventory stood at -1.001M previously which was -3.818M and estimated to be -1.021M,this might affect crude oil prices in near term.
Eurozone:McKinsey survey finds that over half Europe’s small firms fear for survival.

Important Data: UK BANK OF ENGLAND GOVERNER speech today at 5:25,

US jobless claim data to be published today at 8:30 previously which was 898K this time estimated to around 860K, US to publish at 10:00 today the existing homes sales data previously which was 6M and estimated to be 6.3M this time.

TECHNICAL SUMMARY

GBPUSD
https://lh6.googleusercontent.com/3S...4TGSQIhqEcsEAs
https://www.capitalstreetfx.com/en/w...20/10/22-1.png
TRADE SUGGESTION- BUY AT 1.31462, TAKE PROFIT AT 1.31740AND STOP AT 1.31179
EURUSD
https://lh6.googleusercontent.com/-A...lijM6hAHrYTX7c
https://www.capitalstreetfx.com/en/w...20/10/22-2.png
TRADE SUGGESTION- BUY AT 1.18525 , TAKE PROFIT AT 1.8632 AND STOP LOSS AT 1.18366
CHFJPY
https://lh6.googleusercontent.com/ue...l0ceqBdL2S-z2k
https://www.capitalstreetfx.com/en/w...20/10/22-3.png
TRADE SUGGESTION- SELL AT 115.449 , TAKE PROFIT AT 115.3438 AND STOP AT 115.5152
USDCAD
https://lh3.googleusercontent.com/fR...NRJ7mXIkB1u-jM
https://www.capitalstreetfx.com/en/w...20/10/22-4.png
TRADE SUGGESTION- SELL AT 1.315 , TAKE PROFIT AT 1.30852 AND STOP AT 1.31753
DAX 30https://lh4.googleusercontent.com/Sq...by7HHjLUt0Zb0I
https://www.capitalstreetfx.com/en/w...20/10/22-5.png
TRADE SUGGESTION- SELL AT 12395.4, TAKE PROFIT AT 12317 AND STOP AT 12484
GOLDhttps://lh5.googleusercontent.com/_o...EOGhQXHXmXHGZI
https://www.capitalstreetfx.com/en/w...20/10/22-6.png
TRADE SUGGESTION- BUY AT 1915.66 TAKE PROFIT AT 1919.76 AND STOP AT 1909.71
CRUDE OILhttps://lh5.googleusercontent.com/VZ...D_lmbcRIL3yBkQ
https://www.capitalstreetfx.com/en/w...20/10/22-7.png
TRADE SUGGESTION- SELL AT 40.02, TAKE PROFIT AT 39.3 AND STOP AT 40.28
ETHEREUMhttps://lh6.googleusercontent.com/p0...LbNvvhRA4LaABM
https://www.capitalstreetfx.com/en/w...20/10/22-8.png
TRADE SUGGESTION- BUY AT 391.96, TAKE PROFIT AT 399.62 AND STOP AT 384.38
https://www.capitalstreetfx.com/en/w...ort_footer.jpg

Research Report 26th-october-2020



Asian shares subdued as S&P slips, virus surges. The Shanghai Composite is down 0.92% at 3,247. Overall, the Singapore MSCIdown 0.75% to 289.6. Over in Hong Kong, the Hang Seng Index up by 0.54% to 24,918. In Japan, the Nikkei 225 down0.08% to 23,495, while the Topix index was down0.25% to 1618.5. South Korea’s Kospi up 0.42% to 2,350.99. Australia S&P/ASX 200 down0.18% to 6155.6.
European equities Friday closing. The DAX futures contract in Germany traded 0.82% up at 12645.75, CAC 40 futures in France down 1.2% at 4909.6 and the UK 100 futures contract in the U.K. down 0.81% to 5827.5.
In U.S. on Wall Street, the Dow Jones Industrial Average closed down0.10% to 28335.6, the S&P 500 up 0.34% to 3465.4 and the Nasdaq Composite down0.75% to 129.12,NYSE closes at 13199up0.41%.
In the Forex market, GBPUSD down 0.15% at 1.30213. The USDJPY up 0.21% to 104.905 .The USDCHF up 0.09% at 0.90518.EURUSD down 0.21% at 1.18322, EUR/GBPdown 0.11% at 0.90866. The USD/CNY up 0.04% at 6.6869, at the time of writing.
In the commodity market U.S. Gold futures flat down 0.41% $1,897.2. Elsewhere, Silver futures down 1.66% to $24.275 per ounce, Platinum down1.75% at $890.8 per ounce, and Palladium down 0.65 % to $2,383.
Crude Oil down on Friday, Brent crude futures (LCOc1) down1.73% to $40.94 a barrel while U.S. West Texas Intermediate (CLc1) futures is down1.72%, to $39.03.
In the Cryptocurrency Markets, BTCUSD at 13113up 0.57%, Ethereum at 407.65up 0.38%, Litecoin down1.50% at 57.96, at the time of writing.
Corporate news: SVP Financial Group up 3.97% at $296.38,Intel Corp. down 10.575% to $48.2,Ebay Inc.up 2.869% to $53.79,Facebook up 2.398% to $284.79,P&Gup 0.658% to $142.38, Walmart up 0.209% at $143.85.
Economic news:
US:Business activity increased to a 20-month high in October, but the pace of new business growth and new orders eased slightly amid the lingering COVID-19 pandemic and caution ahead of the Nov. 3 presidential election.
Eurozone: Eurozone economic activity slipped back into decline this month as a second wave of the coronavirus sweeps across the continent, heightening expectations for a double-dip recession, surveys showed on Friday. Important Data: US new homes sales data to be released today at 10, previously which was 1,011K, and this time estimated around 1,025K. New Zealand to publish its trade balance data today at 17:45, previously which was -353M this time estimated around -1015M.

TECHNICAL SUMMARY

GBPUSD
https://lh5.googleusercontent.com/v7...5bV9yTnAJG6yH0
https://www.capitalstreetfx.com/en/w...20/10/26-1.png

TRADE SUGGESTION- SELL AT 1.30222, TAKE PROFIT AT 1.298 AND STOP AT 1.30567

EURUSD
https://lh6.googleusercontent.com/84...zGTM4g29VkS__4
https://www.capitalstreetfx.com/en/w...20/10/26-2.png

TRADE SUGGESTION- BUY AT 1.18451 , TAKE PROFIT AT 1.18654 AND STOP LOSS AT 1.18247

AUDCHF
https://lh3.googleusercontent.com/BU...gA8n4uYcbQwVo0
https://www.capitalstreetfx.com/en/w...20/10/26-3.png

TRADE SUGGESTION- SELL AT 0.6434 , TAKE PROFIT AT 0.6367 AND STOP AT 0.6474

CADCHF
https://lh5.googleusercontent.com/5s...tZUBPjzB9Ipc2w
https://www.capitalstreetfx.com/en/w...20/10/26-4.png

TRADE SUGGESTION- SELL AT 0.68708 , TAKE PROFIT AT 0.68549 AND STOP AT 0.68849

EURO STOXX 50
https://lh4.googleusercontent.com/kr...-GnmKJZi_KaPqI
https://www.capitalstreetfx.com/en/w...20/10/26-5.png

TRADE SUGGESTION- SELL AT 3132, TAKE PROFIT AT 3120 AND STOP LOSS AT 3176

GOLD
https://lh4.googleusercontent.com/_T...ctcGxaf6ZQdDas
https://www.capitalstreetfx.com/en/w...20/10/26-6.png

TRADE SUGGESTION- SELL AT 1899 TAKE PROFIT AT 1888 AND STOP LOSS AT 1905

CRUDE OIL
https://lh6.googleusercontent.com/HB...idv0rs6CbEtmq0
https://www.capitalstreetfx.com/en/w...20/10/26-7.png

TRADE SUGGESTION- SELL AT 38.66, TAKE PROFIT AT 36.62 AND STOP AT 39.6

ETHEREUM
https://lh3.googleusercontent.com/KM...PNYfBFCcAe8te0
https://www.capitalstreetfx.com/en/w...20/10/26-8.png

TRADE SUGGESTION- BUY AT 403.31, TAKE PROFIT AT 414 AND STOP AT 400

Technical Analysis | Research Report 27th-october-2020


Asian shares hit by surging coronavirus cases. The Shanghai composite is flat at 3,252.995. Overall, the Singapore MSCIdown 0.50% to 286.45.Over in Hong Kong, the Hang Seng Index down by 0.73% to 24,741. In Japan, the Nikkei 225 down0.11% to 23,467 ,while the Topix index was down0.25% to 1614.5. South Korea’s Kospidown 0.80% to 2,325.84. Australia S&P/ASX 200 down1.7% to 6051.
European equities Tuesday closing. The DAX futures contract in Germany traded 3.71% down at 12177.18, CAC 40 futures in France down 1.9% at 4816.1 and the UK 100 futures contract in the U.K. flat at 5799.2.
In U.S. on Wall Street, the Dow Jones Industrial Average closed down2.29% to 27685.4, the S&P 500down1.86% to 3401 and the Nasdaq Composite down1.64% to 11358.98,NYSE closes at 12936.38down2.00%.
In the Forex market, GBPUSD up 0.10% at 1.30369. The USDJPY down 0.08% to 104.742 .The USDCHF down 0.15% at 0.90639.EURUSD up 0.21% at 1.18328, EUR/GBPup 0.12% at 0.90768. The USD/CNY down 0.20% at 6.6983, at the time of writing.
In the commodity market U.S. Gold futures up 0.20% $1,909.5. Elsewhere, Silver futures up0.61% to $24.57 per ounce, Platinum up0.94% at $879.44 per ounce, and Palladium up 0.81 % to $2,377.
Crude Oil up on Tuesday, Brent crude futures (LCOc1) up0.67% to $40.687 a barrel while U.S. West Texas Intermediate (CLc1) futures is up0.57%, to $38.82.
In the Cryptocurrency Markets, BTCUSD at 13096up 0.23%, Ethereum at 392.95 down0.04%, Litecoin flat at 56.92, at the time of writing.
Corporate news: Abbott Lab.up 1.123% at $109,Zoom Video Communicationsup 1.226% at$517.79,3M Co.down 2.144% to $166.16,Goldman Sachs Groupdown 1.902% to $201.14,Nikedown1.246% to $128.37, Walt Disneydown 3.342% at $124.06.
Economic news:
US:The United States on Monday imposed fresh Iran-related sanctions targeting the Islamic Republic’s oil sector, including the Iranian Ministry of Petroleum, in Washington’s latest move to increase pressure on Tehran.
Eurozone:The United Kingdom left the European Union in January but the two sides are trying to clinch a deal that would govern nearly a trillion dollars in annual trade before a transition period of informal membership ends on Dec. 31.
Important Data: US core durable goods orders data to be released today at 8:30, previously which was 0.6% and this time estimated around 0.4%. Australiato publish its CPI today at 20:30 , previously which was -1.9% this time estimated around 1.5%.

TECHNICAL SUMMARY

GBPUSD
https://lh5.googleusercontent.com/Nq...yBMbeDMT3PkaeQ
https://www.capitalstreetfx.com/en/w...20/10/27-1.png

TRADE SUGGESTION- BUY AT 1.305, TAKE PROFIT AT 1.30728 AND STOP AT 1.30215

EURUSD
https://lh6.googleusercontent.com/Cr...1p4hF-4M_xub9k
https://www.capitalstreetfx.com/en/w...20/10/27-2.png

TRADE SUGGESTION- SELL AT 1.18243 , TAKE PROFIT AT 1.18093 AND STOP LOSS AT 1.18365

EURNOK
https://lh3.googleusercontent.com/By...VXU_QINFdhskZw
https://www.capitalstreetfx.com/en/w...20/10/27-3.png

TRADE SUGGESTION- SELL AT 10.903, TAKE PROFIT AT 10.85 AND STOP AT 10.97

NZDUSD
https://lh6.googleusercontent.com/hK...iMlb2fqIgqKhik
https://www.capitalstreetfx.com/en/w...20/10/27-4.png

TRADE SUGGESTION- BUY AT 0.66833 , TAKE PROFIT AT 0.67009 AND STOP AT 0.66718

DOW JONES
https://lh3.googleusercontent.com/FJ...CpsSxoYsGXQXOU
https://www.capitalstreetfx.com/en/w...20/10/27-5.png

TRADE SUGGESTION- SELL AT 27650, TAKE PROFIT AT 27501 AND STOP AT 27822

GOLD
https://lh5.googleusercontent.com/2M...BdATUx11VEKTvo
https://www.capitalstreetfx.com/en/w...20/10/27-6.png

TRADE SUGGESTION- SELL AT 1905 TAKE PROFIT AT 1894 AND STOP AT 1914

CRUDE OIL
https://lh4.googleusercontent.com/GN...5BTi8o9HUka0XY
https://www.capitalstreetfx.com/en/w...20/10/27-7.png

TRADE SUGGESTION- SELL AT 38.76, TAKE PROFIT AT 37.57 AND STOP AT 39.1

BTCUSD
https://lh3.googleusercontent.com/gs...rkq6uUxc_JDlek
https://www.capitalstreetfx.com/en/w...20/10/27-8.png

TRADE SUGGESTION- SELL AT 13000, TAKE PROFIT AT 12759 AND STOP AT 13318

Technical Analysis Report on october-28-2020


Asian shares slipped on Wednesday as coronavirus infections grew at an alarming pace in the United States and Europe. The Shanghai composite is up 0.38% at 3,266.84. Overall, the Singapore MSCIdown 0.38% to 285.5.Over in Hong Kong, the Hang Seng Index down by 0.11% to 24,690. In Japan, the Nikkei 225 down0.35% to 23,403 ,while the Topix index was down0.% to 1604. South Korea’s Kospidown 0.29% to 2,338.19. Australia S&P/ASX 200 down1.7% to 6051.
European equities Tuesday closing. The DAX futures contract in Germany traded 0.93% down at 12063.57, CAC 40 futures in France down 1.77% at 4730.7 and the UK 100 futures contract in the U.K. up 0.2% at 5710.
In U.S. on Wall Street, the Dow Jones Industrial Average closed down0.8% to 27463, the S&P 500down0.3% to 3390.7 and the Nasdaq Composite up0.64% to 11431.4,NYSE closes at 12817.86down0.92%.
In the Forex market, GBPUSD down 0.02% at 1.30433. The USDJPY down 0.15% to 104.259.The USDCHF down 0.04% at 0.90593.EURUSD down 0.15% at 1.17781, EUR/GBPdown 0.10% at 0.90301. The USD/CNY up 0.11% at 6.7109, at the time of writing.
In the commodity market U.S. Gold futures up 0.11% $1,909.9. Elsewhere, Silver futures down0.49% to $24.45 per ounce, Platinum up0.56% at $885.52 per ounce, and Palladium up 0.47 % to $2,348.
Crude Oil up on Tuesday, Brent crude futures (LCOc1) down0.49% to $40.50 a barrel while U.S. West Texas Intermediate (CLc1) futures is down 0.60%, to $38.72.
In the Cryptocurrency Markets, BTCUSD at 13716up 0.53%, Ethereum at 404.49 down0.36%, Litecoin up 2.31% at 59.29, at the time of writing.
Corporate news: Amazon.com Inc up 2.472%at $3286,Twitter Incup 4.633% at$51.27,Facebookup 2.23% to $283.29,Nvidia Corp.up 1.944% to $535.87,American Airlines Group Inc.down4.831% to $11.23, Zoom Video Communicationup 4.094% at $538.99.
Economic news:
US:The outlook for the U.S. economy has dimmed in the run-up to the presidential election, according to a Reuters poll which showed that a recent resurgence in novel coronavirus cases ran a high risk of halting the economic recovery.
Eurozone:Almost 200 European airports face insolvency, airports body ACI Europe says.
Important Data: US crude oil inventory data to be released today at 10:30, previously which was -1.001M and this time estimated around 1.230M. Japan publishes its Retail Sales data today at 19:50, previously which was -1.9% this time estimated around -7.7%.

TECHNICAL SUMMARY

GBPUSD
https://lh5.googleusercontent.com/wW...gGuODFp_c178hk
https://www.capitalstreetfx.com/en/w...20/10/28-1.png

TRADE SUGGESTION- BUY AT 1.305, TAKE PROFIT AT 1.30728 AND STOP AT 1.30215

EURUSD
https://lh6.googleusercontent.com/AM...wmpbbtl_vq9Fl4
https://www.capitalstreetfx.com/en/w...20/10/28-2.png

TRADE SUGGESTION- SELL AT 1.17690 , TAKE PROFIT AT 1.17 AND STOP LOSS AT 1.178

USDSEK
https://lh3.googleusercontent.com/xc...chhgyJ4-P_iMxA
https://www.capitalstreetfx.com/en/w...20/10/28-3.png

TRADE SUGGESTION- SELL AT 8.74, TAKE PROFIT AT 8.69 AND STOP AT 8.76

USDTRY
https://lh6.googleusercontent.com/Mr...b7FbBrRfAWWneA
https://www.capitalstreetfx.com/en/w...20/10/28-4.png

TRADE SUGGESTION- SELL AT 8.23574 , TAKE PROFIT AT 8.20 AND STOP AT 8.245

NIKKEI 225
https://lh3.googleusercontent.com/Yy...oUeUrsl8b-i09A
https://www.capitalstreetfx.com/en/w...20/10/28-5.png

TRADE SUGGESTION- SELL AT 23406, TAKE PROFIT AT 23333 AND STOP AT 23430

GOLD
https://lh5.googleusercontent.com/EK...57fi0f-Bmi6_Lw
https://www.capitalstreetfx.com/en/w...20/10/28-6.png

TRADE SUGGESTION- SELL AT 1902 TAKE PROFIT AT 1894.64 AND STOP AT 1911

CRUDE OIL
https://lh6.googleusercontent.com/9E...QVm2Rla9y5rhyE
https://www.capitalstreetfx.com/en/w...20/10/28-7.png

TRADE SUGGESTION- SELL AT 38.38, TAKE PROFIT AT 37.54 AND STOP AT 38.77

ETHEREUM
https://lh6.googleusercontent.com/kV...YtM1eOo4MwzZ2I
https://www.capitalstreetfx.com/en/w...20/10/28-8.png

TRADE SUGGESTION- SELL AT 393.98, TAKE PROFIT AT 385.22 AND STOP AT 399.75