Daily Technical Analysis by Capital Street FX

The report Prepared By #CapitalStreetFx presents a summary of all upcoming and recent fundamental events as well as technical analysis for the major markets. Market Report and Fundamental Analysis - 04th Nov 2020.

DAILY FUNDAMENTAL SNAPSHOTS
Asian Stocks Up, but Pare Earlier Gains Over Closer-Than-Expected U.S. Election. The Shanghai Composite is down 0.01% at 3,271.31. Overall, the Singapore MSCI up 0.88% to 285.7. Over in Hong Kong, the Hang Seng Index down by 0.56% to 24,893. In Japan, the Nikkei 225 up 2.06% to 23,760, while the Topix index was up 1.5% to 1629. South Korea’s Kospi up 0.67% to 2,359.03. Australia S&P/ASX 200 down 0.07% to 6062.1.

European equities Tuesday closing. The DAX futures contract in Germany traded 0.44% up at 12124, CAC 40 futures in France up 2.44% at 4805.6 and the UK 100 futures contract in the U.K. up 2.33% at 5,786.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed up 2.06% to 27480 the S&P 500 up 1.78% to 3369.2 and the Nasdaq Composite up 1.85% to 11160.6, NYSE closes at 12877.45 up 1.7%.

In the Forex market, GBP/USD down 0.48% at 1.29861. The USD/JPY up 0.41% to 104.85. The USD/CHF up 0.38% at 0.91544. EUR/USD down 0.45% at 1.16584, EUR/GBP up 0.10% at 0.89756. The USD/CNY up 0.30% at 6.6961, at the time of writing.

In the commodity market U.S. Gold futures down 0.66% $1,897.4. Elsewhere, Silver futures down 2.17% to $23.805 per ounce, Platinum down 1.22% at $864.3 per ounce, and Palladium down 0.52 % to $2,285.

Crude Oil up on Wednesday, Brent Crude futures (LCOc1) up 0.05% to $40.05 a barrel while U.S. West Texas Intermediate (CLc1) futures are up 2.31%, to $37.66.

In the Cryptocurrency Markets, BTC/USD at 13750 down 2.08%, Ethereum at 383.35 down 1.31%, Litecoin down 0.89% at 53.44, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY
Arista Networks up 15.441% at $249.49,
Gartner Inc. up 12.622% at $140.8,
PayPal Holdings Inc down 4.234% to $179.81,
Tesla Inc up 5.84% to $423.9,
Liberty Global PLC up 4.501% to $19.27
American Express up 2.367% at $93.4.

Economic news:
US: The U.S. Treasury said on Monday it plans to borrow $617 billion in the fourth quarter, lower than the August estimate, with the decline due to the department's higher cash balance at the beginning of October.

The $617-billion estimate assumes an end-December cash balance of $800 billion, the Treasury said in a statement.

The Treasury also said it issued $454 billion in net debt in the third quarter, ending the three-month period with a cash balance of $1.782 trillion.

In August 2020, Treasury had an estimated privately-held net marketable borrowing of $947 billion and assumed an end-September cash balance of $800 billion.

Eurozone: The European Union and Britain have so far failed to reach an agreement on the three most persistent sticking points in talks, both sides said on Tuesday, suggesting any breakthrough in securing a trade deal is still a way off.

After nearly two weeks of intensified talks to try to strike a deal to protect nearly a trillion dollars of the trade from severe disruption, stubborn differences over fisheries, fair competition, and settling disputes have yet to be overcome.

Important Data: US Crude Oil Inventory data to published today at 10:30, previously which was 4.320M this time estimated around 0.890M.US Non-Farm Employment Change data to published today at 8:15, previously which was 749K this time estimated around 650K. UK Composite PMI data to be published today at 4:30, previously which was 56.5 this time estimated at around53.9.

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DAILY REPORT - 4th NOV 2020

Asian Stocks Up, but Pare Earlier Gains Over Closer-Than-Expected U.S. Election.The Shanghai composite is down0.01% at 3,271.31. Overall, the Singapore MSCIup0.88% to 285.7.Over in Hong Kong, the Hang Seng Index down by 0.56% to 24,893. In Japan, the Nikkei 225 up2.06% to 23,760 ,while the Topix index was up1.5% to 1629. South Korea’s Kospi up0.67% to 2,359.03. Australia S&P/ASX 200 down0.07% to6062.1.
European equities Tuesday closing. The DAX futures contract in Germany traded 0.44% up at 12124, CAC 40 futures in France up 2.44% at 4805.6 and the UK 100 futures contract in the U.K. up2.33% at 5,786.
In U.S. on Wall Street, the Dow Jones Industrial Average closed up2.06% to 27480 the S&P 500up1.78% to 3369.2 and the Nasdaq Composite up1.85% to 11160.6,NYSE closes at 12877.45up1.7%.
In the Forex market, GBPUSD down 0.48% at 1.29861. The USDJPY up 0.41% to 104.85.The USDCHF up 0.38% at 0.91544 .EURUSD down 0.45% at 1.16584, EUR/GBPup 0.10% at 0.89756. The USD/CNY up 0.30% at 6.6961, at the time of writing.
In the commodity market U.S. Gold futures down 0.66% $1,897.4. Elsewhere, Silver futures down2.17% to $23.805 per ounce, Platinum down1.22% at $864.3 per ounce, and Palladium down0.52 % to $2,285.
Crude Oil up onWednesday, Brent crude futures (LCOc1) up0.05% to $40.05 a barrel while U.S. West Texas Intermediate (CLc1) futures isup2.31%, to $37.66.
In the Cryptocurrency Markets, BTCUSD at 13750down2.08%, Ethereum at 383.35down1.31%, Litecoin down0.89% at 53.44, at the time of writing.
TOP STOCKS TO WATCH OUT TODAY:
Arista Networksup15.441%at $249.49,Gartner Inc. up12.622% at$140.8,Pay Pal Holdings Inc down4.234% to $179.81,Tesla Inc up5.84% to $423.9,Liberty Global PLCup 4.501% to $19.27American Expressup2.367% at $93.4.
Economic news:
US:The U.S. Treasury said on Monday it plans to borrow $617 billion in the fourth quarter, lower than the August estimate, with the decline due to the department’s higher cash balance at the beginning of October.
The $617-billion estimate assumes an end-December cash balance of $800 billion, the Treasury said in a statement.
The Treasury also said it issued $454 billion in net debt in the third quarter, ending the three-month period with a cash balance of $1.782 trillion.
In August 2020, Treasury had estimated privately-held net marketable borrowing of $947 billion and assumed an end-September cash balance of $800 billion.
Eurozone: The European Union and Britain have so far failed to reach agreement on three most persistent sticking points in talks, both sides said on Tuesday, suggesting any breakthrough in securing a trade deal is still a way off.
After nearly two weeks of intensified talks to try to strike a deal to protect nearly a trillion dollars of trade from severe disruption, stubborn differences over fisheries, fair competition and settling disputes have yet to be overcome.
Important Data: US Crude Oil Inventory data to published today at 10:30 , previously which was 4.320M this time estimated around0.890M.US Non-Farm Employment Change data to published today at 8:15 , previously which was 749K this time estimated around 650K.UKComposite PMI data to be published today at 4:30 ,previously which was 56.5 this time estimated around53.9.

TECHNICAL SUMMARY

GBPUSD
https://lh6.googleusercontent.com/lZ...gbP5c0lq9MUxbI
https://www.capitalstreetfx.com/en/w...20/11/04-1.png

TRADE SUGGESTION- BUY AT 1.29827, TAKE PROFIT AT 1.30221 AND STOP AT 1.29092

EURUSD
https://lh3.googleusercontent.com/ww...V9wKqLDjfGJYVk
https://www.capitalstreetfx.com/en/w...20/11/04-2.png

TRADE SUGGESTION- SELL AT 1.16325, TAKE PROFIT AT 1.16020 AND STOP LOSS AT 1.16554

NZDUSD
https://lh5.googleusercontent.com/bB...njmKbP6NGR4L1w
https://www.capitalstreetfx.com/en/w...20/11/04-3.png

TRADE SUGGESTION- BUY AT 0.66413, TAKE PROFIT AT 0.66666 AND STOP AT 0.66233

USDMXN
https://lh6.googleusercontent.com/tc...X1nGifDA7-O-i8
https://www.capitalstreetfx.com/en/w...20/11/04-4.png

TRADE SUGGESTION- BUY AT 21.584 , TAKE PROFIT AT 21.65 AND STOP AT 21.47

EURO STOXX 50
https://lh4.googleusercontent.com/Vo...16ZI9khNDySNhk
https://www.capitalstreetfx.com/en/w...20/11/04-5.png

TRADE SUGGESTION- SELL AT 3068, TAKE PROFIT AT 3027 AND STOP AT 3103

GOLD
https://lh5.googleusercontent.com/As...ljReVAO4qZ9fAA
https://www.capitalstreetfx.com/en/w...20/11/04-6.png

TRADE SUGGESTION- SELL AT 1896 TAKE PROFIT AT 1891.31 AND STOP AT 1902

CRUDE OIL
https://lh3.googleusercontent.com/Cs...mJr15LUt5DDstk
https://www.capitalstreetfx.com/en/w...20/11/04-7.png

TRADE SUGGESTION- SELL AT 40.09, TAKE PROFIT AT 39.26AND STOP AT 40.90

BTC USD
https://lh6.googleusercontent.com/du...ka0fR_RWUU9r_M
https://www.capitalstreetfx.com/en/w...20/11/04-8.png

TRADE SUGGESTION- BUY AT 13754 TAKE PROFIT AT 14057 AND STOP AT 13682.18

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

DAILY REPORT - 9th NOV 2020

Asian Stocks Up, Boosted by Biden Win in U.S. Elections.The Shanghai composite isup 2.04% at 3,379.29 Overall, the Singapore MSCIup1.1% to 298.75.Over in Hong Kong, the Hang Seng Index up by 1.64% to 26,144. In Japan, the Nikkei 225 up2.34% to 24,910 ,while the Topix index was up1.45% to 1684.5. South Korea’s Kospiup1.26% to 2,447.49. Australia S&P/ASX 200 up1.75% to6298.8.

European equities Friday closing. The DAX futures contract in Germany traded 0.7% down at 12480, CAC 40 futures in France down 0.46% at 4960.9 and the UK 100 futures contract in the U.K.up1.30% at 5,985.

In U.S. on Wall Street, the Dow Jones Industrial Average closed down0.24% to 28323 the S&P 500down0.03% to 3509.4 and the Nasdaq Composite up0.04% to 11895.2,NYSE closes at 13218.674up0.15%.

In the Forex market, GBPUSD up 0.28% at 1.31806. The USDJPY up 0.17% to 103.510.The USDCHF down 0.04% at 0.89951.EURUSD up0.12% at 1.18871, EUR/GBPdown 0.09% at 0.90175. The USD/CNY down 0.58% at 6.5698, at the time of writing.

In the commodity market U.S. Gold futures up 0.58% $1,963.1. Elsewhere, Silver futures up1.36% to $26.005 per ounce, Platinum up0.82% at $906.8 per ounce, and Palladium down0.87% to $2,478.2.

Crude Oil downonMonday, Brent crude oilup2.02% to $40.46 a barrel while U.S. West Texas Intermediate (CLc1) isup 2.01%, to $38.13.

In the Cryptocurrency Markets, BTCUSD at 15449down0.26%, Ethereum at452.92 down0.42%, Litecoin down1.26% at 60.29, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY:

Biogen Incdown7.516%at $328.9,Ebay Inc up 2.591% at$50.69,NVIDIA Corp. up2.839% to $582.48,Walt Disney Co. up0.394% to $127.46,Johnson & Johnson up1.782% to $142.25,Walmart Incup1.603% at $145.77.

Economic news:

US:The big decline in the U.S. unemployment rate last month suggests the economy needs less a broad pandemic relief package than targeted support for hard-hit sectors, even as an unprecedented surge in COVID-19 cases raises questions about the durability of the job market rebound.

Overall, more people returned to work in October and the share of people either employed or looking for work increased, data from the U.S. Labor Department showed on Friday. But the report also showed new hiring is slowing, long-term unemployment is on the rise and employment in some struggling industries is still far below pre-pandemic levels.

Eurozone: British Prime Minister Boris Johnson said on Sunday a trade deal with the European Union was “there to be done”, suggesting his view that the agreement’s broad outline was already “pretty clear” was shared in Brussels.

After months of talks on a deal to protect trade between the two neighbours from possible quotas and tariffs, the two sides have yet to close significant differences on at least two main sticking points.

Any deal should be agreed by mid-November to allow for ratification, with some businesses hoping that the time pressure and a COVID-19 crisis spiralling across much of Europe can focus minds to avoid disruption at the end of the year.

Important Data:US 3 Years Note Auction today at 11:30 , previously which was 0.193%. Switzerland Unemployment Rate to be published today at 1:45, previously which was 3.3% this time estimated around 3.4% .Germany Trade Balance data to published today , previously which was 15.7B this time estimated around 15.8B .

TECHNICAL SUMMARY

GBPUSD
https://lh6.googleusercontent.com/2G...pNsf2EUPsV3GyE
https://www.capitalstreetfx.com/en/w...020/11/9-1.png

TRADE SUGGESTION- BUY AT 1.31890, TAKE PROFIT AT 1.31960 AND STOP AT 1.31491

EURUSD
https://lh6.googleusercontent.com/c4...2cj48QAWTdP-Xc
https://www.capitalstreetfx.com/en/w...020/11/9-2.png

TRADE SUGGESTION- BUY AT 1.19070, TAKE PROFIT AT 1.18921AND STOP LOSS AT 1.18573

USDTRY
https://lh3.googleusercontent.com/B7...udsCk4Pg_k18TQ
https://www.capitalstreetfx.com/en/w...020/11/9-3.png

TRADE SUGGESTION- SELL AT 8.21815, TAKE PROFIT AT 8.09765 AND STOP AT 8.344

AUDUSD
https://lh4.googleusercontent.com/bD...yvCGSbIcBjkUoQ
https://www.capitalstreetfx.com/en/w...020/11/9-4.png

TRADE SUGGESTION- BUY AT 0.72911 , TAKE PROFIT AT 0.73207 AND STOP AT 0.72601

EURO STOXX 50
https://lh6.googleusercontent.com/ye...0GmL23SRsJuupY
https://www.capitalstreetfx.com/en/w...020/11/9-5.png

TRADE SUGGESTION- BUY AT 3245 , TAKE PROFIT AT 3270 AND STOP AT 3239

GOLD
https://lh6.googleusercontent.com/2u...OeehL7gamvhebA
https://www.capitalstreetfx.com/en/w...020/11/9-6.png

TRADE SUGGESTION- SELL AT 1955.72 TAKE PROFIT AT 1936.67 AND STOP AT 1966.18

CRUDE OIL
https://lh6.googleusercontent.com/Uz...u8Tn1qhPx_8GZs
https://www.capitalstreetfx.com/en/w...020/11/9-7.png

TRADE SUGGESTION- SELL AT 37.96, TAKE PROFIT AT 36.95 AND STOP AT 38.32

LITECOIN USD
https://lh5.googleusercontent.com/tO...pEy3WG0goNPhbU
https://www.capitalstreetfx.com/en/w...020/11/9-8.png

TRADE SUGGESTION- SELL AT 55.42 TAKE PROFIT AT 54.33 AND STOP AT 56.31

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

Technical Analysis Report on 10 November 2020

Asian stocks rally as investors applaud vaccine development.The Shanghai composite isdown0.14% at 3,368.69 Overall, the Singapore MSCIup3.0% to 307.3.Over in Hong Kong, the Hang Seng Index up by 0.9% to 26,265. In Japan, the Nikkei 225 up0.32% to 24,940 ,while the Topix index was up1.13% to 1700.5. South Korea’s Kospi up0.17% to 2,451.71. Australia S&P/ASX 200 up0.66% to6340.5.
European equities Monday closing. The DAX futures contract in Germany traded 4.94% up at 13095, CAC 40 futures in France up7.57% at5336.3 and the UK 100 futures contract in the U.K.up4.67% at 6,186.
In U.S. on Wall Street, the Dow Jones Industrial Average closed up2.95% to 29158 the S&P 500up1.17% to 3550.5 and the Nasdaq Composite down1.53% to 11713.8,NYSE closes at 13611.645down1.25%.
In the Forex market, GBPUSD up 0.10% at 1.3177. The USDJPY down 0.34% to 105.003.The USDCHF up 0.06% at 0.91291.EURUSD up0.11% at 1.18260, EUR/GBPup 0.04% at 0.89745. The USD/CNY down 0.27% at 6.6098, at the time of writing.
In the commodity market U.S. Gold futures up1.24% $1,877.4. Elsewhere, Silver futures up2.15% to $24.210 per ounce, Platinum up0.56% at $870.88 per ounce, and Palladium up0.04% to $2,483.5.
Crude Oil downonTuesday, Brent crude oildown0.19% to $41.92 a barrel while U.S. West Texas Intermediate (CLc1) isdown 0.33%, to $39.69.
In the Cryptocurrency Markets, BTCUSD at 15366up 0.23%, Ethereum at449.44 up1.17%, Litecoin down0.89% at 58.75, at the time of writing.
TOP STOCKS TO WATCH OUT TODAY:
Whirlpool Corpdown10.39%at $180.69,Marriott International Inc up 13.87% at$118.3,NVIDIA Corp. down6.395% to $545.23,Amazon.comdown5.062% to $3143.74,American Expressup21.388%% to $117.37,Procter & Gamble Co down 3.659% at $137.99.
Economic news:
US:Junk bond yields rode a rally in risk assets to a record low on Monday, as investors buoyed by a Joe Biden presidential victory and progress toward a Covid-19 vaccine poured into the debt of riskier companies.
Investors are seeking riskier, higher-paying assets on bets that a Biden presidency and Republican-controlled Senate could mean a smaller stimulus package and heavier reliance on the Federal Reserve’s monetary policy of ultra-low interest rates through at least 2023.
Eurozone: Britain set out on Monday how it would let European Union financial services firms operate in Britain after a post-Brexit transition period ends on Dec. 31, saying it was no longer waiting for Brussels to decide access to its markets in return.
Finance minister Rishi Sunak said it was clear that there were “many areas” where the EU was not prepared to assess Britain’s requests.
“Of course, we will always want a constructive and engaged relationship with the European Union,” Sunak told parliament.
Important Data: US API Weekly Crude Oil Data today at 16:30, previously which was -8.010M.UK Claimant count change data to be published today at 2:00, previously which was -153K this time estimated around -148K.UK Unemployment Rate to be published today at 2:00, previously which was 4.5% this time estimated around -4.8%.

TECHNICAL SUMMARY

GBPUSD
https://lh3.googleusercontent.com/6C...Cr2gWhJW4oqBeQ
https://www.capitalstreetfx.com/en/w...20/11/10-1.png

TRADE SUGGESTION- BUY AT 1.31920, TAKE PROFIT AT 1.32346AND STOP AT 1.31570

EURUSD
https://lh4.googleusercontent.com/BT...2VZlwvKrnHM5lk
https://www.capitalstreetfx.com/en/w...20/11/10-2.png

TRADE SUGGESTION- SELL AT 1.18257, TAKE PROFIT AT 1.17900 AND STOP LOSS AT 1.18578

USDNOK
https://lh5.googleusercontent.com/9o...kWKkzolIoqc2hQ
https://www.capitalstreetfx.com/en/w...20/11/10-3.png

TRADE SUGGESTION- SELL AT 9.01835, TAKE PROFIT AT 8.98660 AND STOP AT 9.11

AUDJPY
https://lh3.googleusercontent.com/yc...YtUPsUH8A_WdSI
https://www.capitalstreetfx.com/en/w...20/11/10-4.png

TRADE SUGGESTION- BUY AT 76.59 , TAKE PROFIT AT 77.03 AND STOP AT 76.08

DAX 30
https://lh3.googleusercontent.com/fW...I9fZ44ti3URZgM
https://www.capitalstreetfx.com/en/w...20/11/10-5.png

TRADE SUGGESTION- BUY AT 13082 , TAKE PROFIT AT 13292.8 AND STOP AT 12804.7

GOLD
https://lh3.googleusercontent.com/Mg...V8DzvrrtPKMyd8
https://www.capitalstreetfx.com/en/w...20/11/10-6.png

TRADE SUGGESTION- SELL AT 1886.65 TAKE PROFIT AT 1874.56AND STOP AT 1893.49

CRUDE OIL
https://lh3.googleusercontent.com/jS...YqYTB0D3NLmKIk
https://www.capitalstreetfx.com/en/w...20/11/10-7.png

TRADE SUGGESTION- BUY AT 40.22 , TAKE PROFIT AT 41.4 AND STOP AT 39.69

ETHEREUM
https://lh3.googleusercontent.com/pN...9MDM6_IZXWr3iI
https://www.capitalstreetfx.com/en/w...20/11/10-8.png
TRADE SUGGESTION- SELL AT 440.17 TAKE PROFIT AT 432.09 AND STOP AT 456.9

Technical Analysis Report on 11 November 2020

Asian Stocks Up, Vaccine Optimism Gains Continue.The Shanghai composite isdown0.39% at 3,346.81 Overall, the Singapore MSCIdown0.55% to 307.3.Over in Hong Kong, the Hang Seng Index down by 0.03% to 26,354. In Japan, the Nikkei 225 up1.52% to 25,330 ,while the Topix index was up1.50% to 1727. South Korea’s Kospi up1.22% to 2,482.7. Australia S&P/ASX 200 up1.72% to6449.7.
European equities Tuesday closing. The DAX futures contract in Germany traded 0.51% up at 13163, CAC 40 futures in France up1.55% at5519 and the UK 100 futures contract in the U.K.up1.79% at 6,296.
In U.S. on Wall Street, the Dow Jones Industrial Average closed up0.90% to 29420 the S&P 500down 0.14% to 3545.5 and the Nasdaq Composite down1.37% to 11553,NYSE closes at 13707down0.71%.
In the Forex market, GBPUSD down 0.11% at 1.3255. The USDJPY up 0.07% to 105.328.The USDCHF up 0.02% at 0.91519.EURUSD up0.06% at 1.182, EUR/GBPup 0.20% at 0.89173. The USD/CNY down 0.19% at 6.6021, at the time of writing.
In the commodity market U.S. Gold futures up0.27% $1,882.24. Elsewhere, Silver futures up0.63% to $24.363 per ounce, Platinum up0.38% at $889.33 per ounce, and Palladium up0.06% to $2,463.5.
Crude Oil uponTuesday, Brent crude oilup0.30% to $44.13a barrel while U.S. West Texas Intermediate (CLc1) isup 0.25%, to $41.89.
In the Cryptocurrency Markets, BTCUSD at 15412up 0.64%, Ethereum at462.44 up2.64%, Litecoin up2.52% at 59.38, at the time of writing.
TOP STOCKS TO WATCH OUT TODAY:
General Motorsup5.44%at $41.08,Carnival Corpdown13.09% at$16.73,NVIDIA Corp. down6.315% to $510.8,PepsiCo Inc. up 2.362% to $141.72,CSX Corpup3.628% to $91.4,Procter & Gamble Co up1.645% at $140.26.
Economic news:
US:Kansas City Federal Reserve Bank President Esther George said Tuesday she was encouraged and surprised by the strength of the third-quarter bounceback from the coronavirus downturn, but said she expects growth to moderate, and believes Fed monetary policy is where it should be.
“The calibration right now is appropriate,” George said of the Fed’s near-zero interest rates and current pace of bond buys. The key risk to growth, she said in a virtual event put on by Monmouth University, is the coronavirus, which has put women and people of color out of work at higher rates than others, and continues to weigh on some sectors more than others.
Eurozone: Negotiators from the European Parliament and EU governments agreed the details of the 2021-2027 EU budget on Tuesday, in a crucial step for the activation of the bloc’s 1.8 trillion euro (£1.6 trillion) recovery package to make the economy greener and more digital.
“A deal for Europe – Council and European Parliament negotiators reach political agreement on the EU budget & recovery package,” the spokesman for the German presidency of the EU Sebastian Fischer said on Twitter.
The deal, which took almost four months to negotiate, now needs to be formally endorsed by EU governments and the European Parliament.
Important Data:US OPEC Monthly Report today at 06:00.UK NIESR GDP Estimateto be published today , previously which was 15.2%.JAPANTertiary Industry Activity Indexto be published today at 23:30 , previously which was 0.8%.
US Seevol Cushing Storage Report today at 9:30, previously which was 2.411M.

TECHNICAL SUMMARY

GBPUSD
https://lh3.googleusercontent.com/ka...eIGrEpJe6J6-6U
https://www.capitalstreetfx.com/en/w...20/11/11-1.png

TRADE SUGGESTION- BUY AT 1.3296, TAKE PROFIT AT 1.34055 AND STOP AT 1.31649

EURUSD
https://lh5.googleusercontent.com/CD...-rO3QTY2U3tEqw
https://www.capitalstreetfx.com/en/w...20/11/11-2.png

TRADE SUGGESTION- SELL AT 1.18202 , TAKE PROFIT AT 1.17826 AND STOP LOSS AT 1.18572

AUDCHF
https://lh3.googleusercontent.com/pE...Nr-X-jx71o_rrE
https://www.capitalstreetfx.com/en/w...20/11/11-3.png

TRADE SUGGESTION- BUY AT 0.6687, TAKE PROFIT AT 0.6709 AND STOP AT 0.6679

GBPCAD
https://lh5.googleusercontent.com/h2...ZUJPYgByp8G8OY
https://www.capitalstreetfx.com/en/w...20/11/11-4.png

TRADE SUGGESTION- BUY AT 1.73069 , TAKE PROFIT AT 1.73746 AND STOP AT 1.72454

DOW JONES
https://lh3.googleusercontent.com/DP...2_nGgKZ9icDPKw
https://www.capitalstreetfx.com/en/w...20/11/11-5.png

TRADE SUGGESTION- BUY AT 29495 , TAKE PROFIT AT 30000 AND STOP AT 29000

GOLD
https://lh5.googleusercontent.com/WA...Uq4m5vw3J_aWK4
https://www.capitalstreetfx.com/en/w...20/11/11-6.png

TRADE SUGGESTION- SELL AT 1878 TAKE PROFIT AT 1847 AND STOP AT 1889

CRUDE OIL
https://lh3.googleusercontent.com/Uo...f43WPHTjNT-Khc
https://www.capitalstreetfx.com/en/w...20/11/11-7.png

TRADE SUGGESTION- BUY AT 42.3 , TAKE PROFIT AT 43.48 AND STOP AT 41.37

LITECOIN
https://lh5.googleusercontent.com/Cb...xHUBx-hTlrSysM
https://www.capitalstreetfx.com/en/w...20/11/11-8.png

TRADE SUGGESTION- SELL AT 55 TAKE PROFIT AT 52.82 AND STOP AT 55.96

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

DAILY REPORT - 19th November 2020

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Asian shares drifted off all-time highs on Thursday as widening COVID-19 restrictions in the United States weighed on Wall Street. The Shanghai Composite is up 0.25% at 3,355.96 Overall, the Singapore MSCI flat at 317.60. Over in Hong Kong, the Hang Seng Index down by 0.48% to 26,428. In Japan, the Nikkei 225 down 0.51% to 25,570, while the Topix index was up 0.23% to 1723. South Korea’s Kospi down 0.13% to 2541.94. Australia S&P/ASX 200 up 0.25% to 6547.

European equities Wednesday closing. The DAX futures contract in Germany traded 0.52% up at 13201.89, CAC 40 futures in France up 0.52% at 5511 and the UK 100 futures contract in the U.K. up 0.31% at 6,385.2. The U.S. on Wall Street, the Dow Jones Industrial Average closed down 1.16% to 29438 the S&P 500 down 1.16% to 3567.3 and the Nasdaq Composite down 0.82% to 11801, NYSE closes at 13808 down 1.01%.

In the Forex market, GBP/USD down 0.24% at 1.32351. The USD/JPY down 0.02% to 103.779. The USD/CHF up 0.02% at 0.91110. EUR/USD down 0.02% at 1.18499, EUR/GBP up 0.27% at 0.89523. The USD/CNY up 0.23% at 6.5742, at the time of writing.

In the commodity market U.S. Gold futures down 0.77% at $1,859.5. Elsewhere, Silver futures down 1.48% to $24.085 per ounce, Platinum down 0.94% at $942 per ounce, and Palladium down 1.16% to $2,326.6. Crude Oil down on Thursday, Brent Crude Oil down 0.20% to $44.05 a barrel while U.S. West Texas Intermediate (CLc1) is up 0.43%, to $41.41.

In the Cryptocurrency Markets, BTC/USD at 17895.31 up 0.64%, Ethereum at 476.76 down 0.42%, Litecoin up 0.19% at 73.96, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY:
CBOE Global Markets up 2.143% at $88.66, FLIR Systems Inc up 2.901% at $38.1, TESLA Inc up 10.197% to $486.64, ZOOM Video Co. up 3.339% to $415.04, COGNIZANT Tech Inc down 2.709% to $74.7, BIOGEN Inc down 3.147% at $240.98.

Economic news: US: Judy Shelton, Republican President Donald Trump’s contentious pick to fill a vacant seat at the Federal Reserve, faced a more difficult road to confirmation as the U.S. Senate adjourned on Wednesday until after Thanksgiving. On Tuesday, the Republican-controlled Senate failed to muster the required votes to move her nomination ahead in the confirmation process. That was in part because a couple of Republicans joined Democrats in opposing Trump’s former economic adviser out of concern her perceived partisanship could imperil the Fed’s independence. In addition, two other Republicans had to skip the vote because they were quarantining due to the coronavirus.

Eurozone: European leaders could push ahead with a post-coronavirus recovery fund and European Union budget without Hungary and Poland as a last resort should they continue to block the adoption of the bloc’s long-term budget, a French official said on Wednesday.

Hungary and Poland blocked the adoption of the 2021-2027 budget and recovery fund at a meeting of ambassadors of EU nations on Monday, over a clause making access to money conditional on respect for the rule of law.

The nationalist governments in Budapest and Warsaw oppose linking EU money and respect for the rule of law as they face a formal EU investigation over undermining the independence of courts, media and non-government bodies.

French officials say they are still trying to persuade Poland and Hungary to lift their veto and unblock the adoption of the 750 billion euro ($889 billion) recovery package and the 1.1 trillion euro budget ahead of Thursday’s summit of EU leaders.


Important Data: US Initial Jobless Claims today at 8:30 this time estimate to be 707K, previously which was 709K. US Existing Home Sales (Oct) today at 10:00 this time estimate to be 6.45M, previously which was 6.54M. AUSTRALIA Retail Sales (MoM) (Oct) today at 19:30 this time estimate to be -1.5%, previously which was -1.1%.

TECHNICAL SUMMARY

#GBPUSD

https://www.capitalstreetfx.com/en/w...3-1024x467.gif
https://www.capitalstreetfx.com/en/w...-USD-Tab-3.png
TRADE SUGGESTION- BUY AT 1.32327, TAKE PROFIT AT 1.32659 AND STOP AT 1.32100

#EURUSD
https://www.capitalstreetfx.com/en/w...3-1024x467.gif
https://www.capitalstreetfx.com/en/w...-USD-Tab-3.png
TRADE SUGGESTION- SELL AT 1.18465, TAKE PROFIT AT 1.18222 AND STOP LOSS AT 1.18793

#EURGBP
https://www.capitalstreetfx.com/en/w...P-1024x467.gif
https://www.capitalstreetfx.com/en/w...UR-GBP-Tab.png
TRADE SUGGESTION- SELL AT 0.89503, TAKE PROFIT AT 0.89418 AND STOP AT 0.89625

#EURJPY
https://www.capitalstreetfx.com/en/w...Y-1024x467.gif
https://www.capitalstreetfx.com/en/w...UR-JPY-Tab.png
TRADE SUGGESTION- SELL AT 122.933, TAKE PROFIT AT 122.527 AND STOP AT 123.312

#CAC40
https://www.capitalstreetfx.com/en/w...0-1024x465.gif
https://www.capitalstreetfx.com/en/w...CAC-40-Tab.png
TRADE SUGGESTION- BUY AT 5465.4, TAKE PROFIT AT 5511.7 AND STOP AT 5433.3

#GOLD
https://www.capitalstreetfx.com/en/w...4-1024x467.gif
https://www.capitalstreetfx.com/en/w...Gold-TAB-3.png
TRADE SUGGESTION- SELL AT 1863 TAKE PROFIT AT 1857 AND STOP AT 1875

#CRUDE OIL
https://www.capitalstreetfx.com/en/w...1-1024x463.gif
https://www.capitalstreetfx.com/en/w...de-Oil-TAB.png
TRADE SUGGESTION- BUY AT 41.41, TAKE PROFIT AT 42.14 AND STOP AT 41.23

#LITECOIN
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https://www.capitalstreetfx.com/en/w...TECOIN-TAB.png
TRADE SUGGESTION- SELL AT 69.70 TAKE PROFIT AT 68.29 AND STOP AT 71.25

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Top 5 Stocks to Watch Out Today

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CMA CGM: Container shipping group CMA CGM said shipping activity remained strong in the final quarter of 2020 after a rebound from initial coronavirus-related disruption boosted the French company’s third-quarter profits.
CMA CGM, the world’s fourth-largest container shipping line, said its EBITDA margin rose to 21.0% in the third quarter from 17.2% in the previous quarter and 13.3% in the year-earlier period.
Brisk shipping activity should allow CMA CGM to increase the EBITDA margin further in the final quarter, it said.
Like market leader Maersk, which this week raised its full-year earnings target, CMA CGM has pointed to strong shipments for e-commerce as the coronavirus pandemic shifts consumer demand online.
“During the fourth quarter, maritime activity is more sustained than during the third quarter due to the ongoing increase in volumes,” CMA CGM said.
Delta Air Lines (NYSEAL): Chief Executive Ed Bastian hinted at the possibility of purchasing Boeing (NYSE:BA) Co's 737 MAX, which was recently approved to fly again by U.S. regulators, in an interview to the Financial Times on Sunday.
Any Boeing 737 MAX order would be the first for Delta, which did not have the aircraft in its fleet when the plane was grounded in March 2019 following two fatal crashes.
"If there is an opportunity where we would feel comfortable acquiring the MAX we’d have no hesitation doing that," Bastian added.
CoStar Group, Inc.: One of the world’s largest providers of commercial real-estate information and analytics, has taken its first major step into the residential data business by agreeing to pay $250 million for Homesnap Inc.
Founded in 2012, Homesnap is a fast-growing company that provides residential real-estate brokers with apps and other technology for managing and analyzing their listings as well as the broader market. About 300,000 residential agents use it an average of 30 times a month.
Guitar Center Inc: The largest U.S. retailer of music instruments and equipment, filed for Chapter 11 bankruptcy on Saturday, as music lovers moved their shopping online during the coronavirus pandemic.
The retailer has negotiated to have a total of $375 million in debtor-in-possession financing from its existing lenders and intends to raise $335 million in new senior secured notes, the company said.
Earlier this month the company reached a restructuring agreement with key stakeholders that includes debt reduction by nearly $800 million and new equity investments of up to $165 million to recapitalize the company.
The company in a court filing said it has between $1 billion and $10 billion of both assets and liabilities.
Boeing Co (N:BA): The future of Boeing (NYSE:BA) Co's freshly approved 737 MAX is in the hands of nearly 700 workers toiling behind the gray doors of a three-bay hangar at a desert airport in Washington state.
Inside, over an endless 24-hour loop, 737 MAX planes are rolled in for maintenance, and upgrades of software and systems as mandated by the U.S. Federal Aviation Administration in this week's order lifting a flight ban imposed after two crashes, the airport's director said.
In front, workers in bright yellow vests inspect the roughly 240 jets stored in giant grids at Grant County International Airport in Moses Lake - more than half of an inventory worth about $16 billion, according to investment firm Jefferies (NYSE:JEF)

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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 November 2020

Asian shares advanced on Thursday as markets’ euphoric mood over COVID-19 vaccines and the prospects of more political predictability. The Shanghai Composite is up 0.13% at 3,366.13. Overall, the Singapore MSCI down 0.55% at 324.75. Over in Hong Kong, the Hang Seng Index up by 0.20% to 26,699. In Japan, the Nikkei 225 up 0.61% at 26,540, while the Topix index was up 0.45% at 1779. South Korea’s Kospi down 0.68% to 2619.34. Australia S&P/ASX 200 up 0.70% to 6636.4.

European equities Wednesday closing. The DAX futures contract in Germany traded 0.02% down at 13289.8, CAC 40 futures in France up 0.23% at 5571.3 and the UK 100 futures contract in the U.K. down 0.64% at 6,391.1.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed up 1.54% to 30046.2 the S&P 500 up 1.62% to 3635.4 and the Nasdaq Composite up 1.31% to 12036, NYSE closes at 14249.5 up 1.79%.

In the Forex market, #GBPUSD up 0.11% at 1.33902. The #USDJPY down 0.09% to 104.344. The #USDCHF flat at 0.90690. #EURUSD up 0.15% at 1.19328, EUR/GBP up 0.15% at 0.89108. The USD/CNY down 0.16% at 6.5658, at the time of writing.

In the commodity market U.S. Gold futures up 0.10% at $1,809.26. Elsewhere, Silver futures down 0.25% to $23.27per ounce, Platinum up 0.25% at $967.43per ounce, and Palladium up 1.52% to $2,375.0.

Crude Oil up on Thursday, Brent Crude Oil up 0.06% to $48.85 a barrel while U.S. West Texas Intermediate (CLc1) is up 0.14% at $45.90.
In the Cryptocurrency Markets, #BTCUSD at 17980.0 down 4.01%, Ethereum at 531.21 down 6.70%, Litecoin down 4.49% at 78.05, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY:

ETSY Inc. up 5.443% at $145.09, AUTODESK Inc up 4.738% at $271.24, PayPal Holdings up 4.107% to $214.46, TWITTER Inc up 2.653% to $46.43, TESLA Inc up 3.353% to $574, AMAZON. Com Inc up 2.149% at $3185.07.
Economic news:
US: Household spending rose more than expected in October while incomes declined, indicating consumers may have less wherewithal to keep driving the economy amid a surging coronavirus and lack of fresh government aid.
Purchases increased 0.5% from the prior month, following a 1.2% gain in September, a Commerce Department report showed Wednesday. That compared with estimates for a 0.4% increase. Personal incomes dropped 0.7%, a larger decrease than forecast, owing in large part to a decline in government supplemental jobless benefits.

Eurozone: Britain’s government spent almost twice as much as expected on encouraging people to eat in restaurants, cafés and pubs during what proved to be a temporary lull in COVID-19 cases in August.
Official figures released on Wednesday ahead of new spending plans from finance minister Rishi Sunak showed his Eat Out to Help Out scheme cost 849 million pounds ($1.13 billion), much more than an initial government estimate of 500 million pounds. The program paid up to half the cost of more than 160 million meals during August to boost one of the sectors the hardest hit by the first coronavirus lockdown.

Important Data: SWITZERLAND Employment Level (Q3) today at 02:30 previously which was 5.095M. JAPAN Tokyo Core CPI (YoY) (Nov) today at 18:30 this time estimate to be -0.7%, previously which was -0.5%. CHINA Chinese Industrial profit (YoY) (Oct) today at 20:30 previously which was -2.4%. SINGAPORE Industrial Production (MoM) (Oct) today at this time estimate to be 6.2%, previously which was 25.6%.

TECHNICAL SUMMARY


#GBPUSD

https://www.capitalstreetfx.com/en/w...8-1024x467.gif
https://www.capitalstreetfx.com/en/w...P-USD-TB-1.png
TRADE SUGGESTION- BUY AT 1.33902, TAKE PROFIT AT 1.34150 AND STOP AT 1.33279

#EURUSD
https://www.capitalstreetfx.com/en/w...8-1024x467.gifhttps://www.capitalstreetfx.com/en/w...EUR-USD-TB.pngTRADE SUGGESTION- BUY AT 1.19329, TAKE PROFIT AT 1.19635 AND STOP LOSS AT 1.18952
#GBPCADhttps://www.capitalstreetfx.com/en/w...1-1024x467.gifhttps://www.capitalstreetfx.com/en/w...GBP-CAD-TB.png
TRADE SUGGESTION- BUY AT 1.74070, TAKE PROFIT AT 1.74352 AND STOP AT 1.73849

#GBPAUD
https://www.capitalstreetfx.com/en/w...D-1024x467.gifhttps://www.capitalstreetfx.com/en/w...GBP-AUD-TB.pngTRADE SUGGESTION- SELL AT 1.81783, TAKE PROFIT AT 1.81116 AND STOP AT 1.82344
#HANG SENG
https://www.capitalstreetfx.com/en/w...1-1024x464.gifhttps://www.capitalstreetfx.com/en/w...NG-SENG-TB.png
TRADE SUGGESTION- BUY AT 26723, TAKE PROFIT AT 26855 AND STOP AT 26524

#GOLDhttps://www.capitalstreetfx.com/en/w...9-1024x467.gifhttps://www.capitalstreetfx.com/en/w...11/GOLD-TB.png
TRADE SUGGESTION- BUY AT 1811 TAKE PROFIT AT 1848 AND STOP AT 1801

#CRUDE OILhttps://www.capitalstreetfx.com/en/w...6-1024x463.gifhttps://www.capitalstreetfx.com/en/w...1/CRUDE-TB.png
TRADE SUGGESTION- SELL AT 45.6, TAKE PROFIT AT 44.68 AND STOP AT 46.43


#LITECOIN https://www.capitalstreetfx.com/en/w...2-1024x469.gifhttps://www.capitalstreetfx.com/en/w...LITCOIN-TB.png
TRADE SUGGESTION- SELL AT 72.03 TAKE PROFIT AT 67.10 AND STOP AT 75.71

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Technical Analysis Report on 4 December 2020

Asian stocks rally as investors applauds vaccine development. The Shanghai composite isdown0.14% at 3,368.69 Overall, the Singapore MSCIup3.0% to 307.3. Over in Hong Kong, the Hang Seng Index up by 0.9% to 26,265. In Japan, the Nikkei 225 up0.32% to 24,940, while the Topix index was up1.13% to 1700.5. South Korea’s Kospi up0.17% to 2,451.71. Australia S&P/ASX 200 up0.66% to6340.5.
European equities Monday closing. The DAX futures contract in Germany traded 4.94% up at 13095, CAC 40 futures in France up7.57% at5336.3, and the UK 100 futures contract in the U.K.up4.67% at 6,186.
In the U.S. on Wall Street, the Dow Jones Industrial Average closed up2.95% to 29158 the S&P 500up1.17% to 3550.5, and the Nasdaq Composite down1.53% to 11713.8, NYSE closes at 13611.645down1.25%.
In the Forex market, GBPUSD up 0.10% at 1.3177. The USDJPY down 0.34% to 105.003.The USDCHF up 0.06% at 0.91291.EURUSD up0.11% at 1.18260, EUR/GBPup 0.04% at 0.89745. The USD/CNY down 0.27% at 6.6098, at the time of writing.
In the commodity market U.S. Gold futures up1.24% $1,877.4. Elsewhere, Silver futures up2.15% to $24.210 per ounce, Platinum up0.56% at $870.88 per ounce, and Palladium up0.04% to $2,483.5.
Crude Oil down on Tuesday, Brent crude oildown0.19% to $41.92 a barrel while U.S. West Texas Intermediate (CLc1) is down 0.33%, to $39.69.
In the Cryptocurrency Markets, BTCUSD at 15366up 0.23%, Ethereum at449.44 up1.17%, Litecoin down0.89% at 58.75, at the time of writing.
TOP STOCKS TO WATCH OUT TODAY:
Whirlpool Corpdown10.39%at $180.69,Marriott International Inc up 13.87% at$118.3,NVIDIA Corp. down6.395% to $545.23,Amazon.comdown5.062% to $3143.74,American Expressup21.388%% to $117.37,Procter & Gamble Co down 3.659% at $137.99.
Economic news:
US: Junk bond yields rode a rally in risk assets to a record low on Monday, as investors buoyed by a Joe Biden presidential victory and progress toward a Covid-19 vaccine poured into the debt of riskier companies.
Investors are seeking riskier, higher-paying assets on bets that a Biden presidency and Republican-controlled Senate could mean a smaller stimulus package and heavier reliance on the Federal Reserve’s monetary policy of ultra-low interest rates through at least 2023.
Eurozone: Britain set out on Monday how it would let European Union financial services firms operate in Britain after a post-Brexit transition period ends on Dec. 31, saying it was no longer waiting for Brussels to decide access to its markets in return.
Finance minister Rishi Sunak said it was clear that there were “many areas” where the EU was not prepared to assess Britain’s requests.
“Of course, we will always want a constructive and engaged relationship with the European Union,” Sunak told parliament.
Important Data: US API Weekly Crude Oil Data today at 16:30, previously which was -8.010M.UK Claimant counts change data to be published today at 2:00, previously which was -153K this time estimated around -148K.UK Unemployment Rate to be published today at 2:00, previously which was 4.5% this time estimated around -4.8%.

TECHNICAL SUMMARY

GBPUSD
https://lh3.googleusercontent.com/6C...Cr2gWhJW4oqBeQ
https://www.capitalstreetfx.com/en/w...20/11/10-1.png

TRADE SUGGESTION- BUY AT 1.31920, TAKE PROFIT AT 1.32346AND STOP AT 1.31570

EURUSD
https://lh4.googleusercontent.com/BT...2VZlwvKrnHM5lk
https://www.capitalstreetfx.com/en/w...20/11/10-2.png

TRADE SUGGESTION- SELL AT 1.18257, TAKE PROFIT AT 1.17900, AND STOP LOSS AT 1.18578

USDNOK
https://lh5.googleusercontent.com/9o...kWKkzolIoqc2hQ
https://www.capitalstreetfx.com/en/w...20/11/10-3.png

TRADE SUGGESTION- SELL AT 9.01835, TAKE PROFIT AT 8.98660, AND STOP AT 9.11

AUDJPY
https://lh3.googleusercontent.com/yc...YtUPsUH8A_WdSI
https://www.capitalstreetfx.com/en/w...20/11/10-4.png

TRADE SUGGESTION- BUY AT 76.59, TAKE PROFIT AT 77.03 AND STOP AT 76.08

DAX 30
https://lh3.googleusercontent.com/fW...I9fZ44ti3URZgM
https://www.capitalstreetfx.com/en/w...20/11/10-5.png

TRADE SUGGESTION- BUY AT 13082, TAKE PROFIT AT 13292.8 AND STOP AT 12804.7

GOLD
https://lh3.googleusercontent.com/Mg...V8DzvrrtPKMyd8
https://www.capitalstreetfx.com/en/w...20/11/10-6.png

TRADE SUGGESTION- SELL AT 1886.65 TAKE PROFIT AT 1874.56AND STOP AT 1893.49

CRUDE OIL
https://lh3.googleusercontent.com/jS...YqYTB0D3NLmKIk
https://www.capitalstreetfx.com/en/w...20/11/10-7.png

TRADE SUGGESTION- BUY AT 40.22, TAKE PROFIT AT 41.4 AND STOP AT 39.69

ETHEREUM
https://lh3.googleusercontent.com/pN...9MDM6_IZXWr3iI
https://www.capitalstreetfx.com/en/w...20/11/10-8.png
TRADE SUGGESTION- SELL AT 440.17 TAKE PROFIT AT 432.09 AND STOP AT 456.9

Global Markets Weekly Report – 05 December 2020

1. U.S: Pending Home Sales (MoM) (Oct)increased from -2.0% to -1.1%.
2. UK: Manufacturing PMI (Nov) stable at 55.6.
3. CANADA: Employment Change (Nov) decreased from 83.6K to 62.1K.
4. Gold: Gold prices consolidated on Friday after a three-day run-up, ending with their best week in four as investors hedging against the tumbling dollar steadfastly backed the yellow metal amid renewed emphasis for a US Covid-19 fiscal relief bill.
5. CRUDE OIL: The world’s biggest oil producers have reached a compromise agreement on the supply of crude oil for next year, in an attempt to ensure an ongoing recovery in markets that remain fragile as a result of the COVID-19 pandemic. After a week of online deliberations, OPEC+, the alliance of producers led by Saudi Arabia and Russia, agreed to increase output from January by only 500,000 barrels per day — significantly less than the 2 million barrels originally planned.
6. BITCOIN: The November BTC rally to test all-time price highs saw more than 1% of Bitcoin’s supply move out of long-term storage.

According to Unchained Capital’s “hodlwaves” metric, which measures the time since Bitcoin has moved on-chain, roughly 15% of the Bitcoin that had not been moved for between five and seven years as of Nov. 1 was finally transferred on-chain during the month of November.
5 KEY EVENTS TO WATCH OUT
1. UK: Gross Domestic Product (GDP) measures the annualized change in the inflation-adjusted value of all goods and services produced by the economy. It is the broadest measure of economic activity and the primary indicator of the economy’s health.
2. GERMANY: Gross Domestic Product (GDP) measures the annualized change in the inflation-adjusted value of all goods and services produced by the economy. It is the broadest measure of economic activity and the primary indicator of the economy’s health.
3. CANADA: The Ivey Purchasing Managers’ Index (PMI) measures the activity level of purchasing managers in Canada. A reading above 50 indicates expansion; a reading below 50 indicates contraction. The index is a joint project of the Purchasing Management Association of Canada and the Richard Ivey School of Business
4. U.S.A: Nonfarm Productivity measures the annualized change in labour efficiency when producing goods and services, excluding the farming industry. Productivity and labour-related inflation are directly linked-a drop in a worker’s productivity is equivalent to a rise in their wage.
5. RUSSIA: Gross Domestic Product (GDP) measures the annualized change in the inflation-adjusted value of all goods and services produced by the economy. It is the broadest measure of economic activity and the primary indicator of the economy’s health.
EQUITIES IN THE COMING WEEK
1. AUTOZONE to announce its Quarterly Results on 8th December 2020, EPS estimated to 17.26 per share while revenue estimated 3.12B.
2. ADOBE to announce its Quarterly Results on 9th December 2020, EPS estimated to 2.66 per share while revenue estimated 3.36B.
3. ORACLE to announce its Quarterly Results on 10th December 2020, EPS estimated to 0.9971 per share while revenue estimated 9.76B.
4. NATIONAL BEVERAGE to announce its Quarterly Results on 10th December 2020, EPS estimated to 0.9003 per share while revenue estimated 279.8M.
5. PHOTRONICS to announce its Quarterly Results on 9th December 2020, EPS estimated to 0.1533 per share while revenue estimated 153.87M.

TOP COMMODITIES IN THE COMING WEEK

GOLD
https://lh5.googleusercontent.com/Mm...kZ5f7ZtPoPHxj4

In Gold is currently in a downward trend.

SILVER
https://lh6.googleusercontent.com/CA...N7rNfwElwNLbx8

SILVER is currently in downward trend until the resistance is broken.

BRENT CRUDE OIL
https://lh6.googleusercontent.com/26...VMd0XHrdE8dBM0

BRENT CRUDE OIL is currently in up trend.

TOP CRYPTO IN THE COMING WEEK
BTCUSD
https://lh4.googleusercontent.com/gg...9agcvLtzN8hewc

BTCUSD has formed a cup pattern which started on 15-12-2017 and completed with a recent high. Further upside might be seen in coming months after forming a handle which will be in downside with consolidation.

ETHEREUM
https://lh3.googleusercontent.com/t6...dy9YuKHK3_UQTU

ETHEREUM might cool down for some time due to heavy volatility in last few days.

TOP CURRENCY IN THE COMING WEEK
EURUSD
https://lh3.googleusercontent.com/vV...c-Om0oDpwOUO3I

EURUSD is in uptrend, it might retest 1.19147 level.

EURJPY
https://lh6.googleusercontent.com/lu...2_6cIVZgGaF9l8

EURJPY is in uptrend the trend will continue until it breaks 124.388 level important support.

USDMXN
https://lh3.googleusercontent.com/Iu...FpleY7vyMnVTDw

USDMXN is currently in downward trend.

USDZAR
https://lh6.googleusercontent.com/Fn...yIdv8GurCF2W-Y

USDZAR is in down trend the trend will continue until there is breakout.

TOP INDEX IN THE COMING WEEK
NASDAQ 100
https://lh6.googleusercontent.com/od...4-7fgo-Nyo-RFM

NASDAQ 100 INDEX currently in upward trend until it breaks its important support at 12411.

CAC 40
https://lh3.googleusercontent.com/oW...k5C12o3AINmZ8s

DAX 30 is in uptrend

NIKKEI 225
https://lh4.googleusercontent.com/zo...8JLrHCtCiEeG40

NIKKEI 225 INDEX is in uptrend.

DATAWATCH
TimeCurrencyEventForecastPrevious
Sunday, December 6, 2020
05:00 EURECB President Lagarde Speaks
Monday, December 7, 2020
10:00 CADIvey PMI (Nov)51.554.5
18:50 JPYGDP (QoQ) (Q3)5.00%-7.90%
Tuesday, December 8, 2020
05:00 EURGerman ZEW Economic Sentiment (Dec)4639
07:00 USDEIA Short-Term Energy Outlook
Wednesday, December 9, 2020
10:00 USDJOLTs Job Openings (Oct)6.436M
10:00 CADBoC Interest Rate Decision0.25%0.25%
10:30 USDCrude Oil Inventories-2.358M-0.679M
Thursday, December 10, 2020
02:00 GBPGDP (MoM)1.10%
02:00 GBPManufacturing Production (MoM) (Oct)0.20%0.20%
07:45 EURECB Interest Rate Decision (Dec)0.00%
08:30 USDCore CPI (MoM) (Nov)0.10%0.20%
08:30 USDInitial Jobless Claims712K
Friday, December 11, 2020
08:30 USDPPI (MoM) (Nov)0.20%0.30%
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Technical Analysis Report on 8 December 2020

Asia Pacific stocks were mixed Tuesday morning after key U.S. benchmarks broke a four-day winning streak during the Monday session overnight. The Shanghai composite is down 0.07% at 3,414.50. Overall, the Singapore MSCI down 0.23% at 320.15. Over in Hong Kong, the Hang Seng Index down by 0.25% to 26,364. In Japan, the Nikkei 225 down 0.23% at 26,510, while the Topix index was down 0.28% to 1759.5. South Korea’s Kospi down 1.54% to 2700.92. Australia S&P/ASX 200 up 0.19% to 6687.
European equities Monday closing. The DAX futures contract in Germany traded 0.21% down at 13271.00, CAC 40 futures in down 0.64% at 5573.4, and the UK 100 futures contract in the U.K. up 0.08% at 6,555.4.
In U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.49% to 30069.8 the S&P 500 up 0.01% to 3683.4 and the Nasdaq 100 flat at 12573.6, NYSE closes at 14354.96 down 0.43%.
In the Forex market, GBPUSD down 0.12% at 1.33589. The USDJPY flat at 104.047. The USDCHF up 0.13% at 0.89105. EURUSD up 0.11% at 1.21190, EUR/GBP up 0.31% at 0.90725. The USD/CNY up 0.13% at 6.5383, at the time of writing.
In the commodity market U.S. Gold futures up 0.38% at $1,869. Elsewhere, Silver futures up 0.83% to $24.654 per ounce, Platinum down 0.03% at $1022.75 per ounce, and Palladium down 0.11% to $2,335.00.
Crude Oil down on Tuesday, Brent crude oil down 0.39% to $48.42 a barrel while U.S. West Texas Intermediate (CLc1) is down 0.81% at $46.43.
In the Cryptocurrency Markets, BTCUSD at 19190.85 down 0.06%, Ethereum at 591.87 up 0.04%, Litecoin at 83.00 down 0.60%, at the time of writing.
TOP STOCKS TO WATCH OUT TODAY:
American Airlines up 4.93% at $17.21, Netflix Inc up 3.506% at $515.78, Nasdaq Inc up 2.602% to $128.56, DocuSign Inc down 4.399% to $232.52, JD.com Inc down 1.993% to $83.49, Intel Corp. down 3.434% at $50.2.
Economic news:
US: The U.S. is preparing to sanction at least a dozen more Chinese officials over their role in the recent disqualification of Hong Kong legislators, Reuters reported.
The latest round of sanctions over Hong Kong could come as early as Monday, Reuters said, citing three people including an American official familiar with the matter. The U.S. move comes as President Donald Trump continues to pile pressure on China’s ruling Communist Party in his final weeks in office.
Eurozone: Hungary and Poland are upholding their veto of the next European Union budget and a coronavirus recovery fund, Hungarian Foreign Minister Peter Szijjarto said after meeting his Polish counterpart in Brussels on Monday.
“We have affirmed that we stand by each other,” Szijjarto said in a Facebook (NASDAQ:FB) video. “We will not give room to any effort aiming to break up this co-operation.”
Important Data: US API Weekly Crude Oil Stock today at 16:30 previously which was 4.146M. CHINA CPI (MoM) (Nov) today at 20:30 previously which was -0.3%. AUSTRALIA Building Approvals (MoM) today at 19:30 previously which was 3.8%. French Trade Balance (Oct) today at 4:30 this time estimate to be -6.3B previously which was 5.8B.

TECHNICAL SUMMARY

GBPUSD
https://lh3.googleusercontent.com/JM...Pu70fst_h1FN6Q
https://www.capitalstreetfx.com/en/w...020/12/8-1.png

TRADE SUGGESTION- SELL AT 1.33325, TAKE PROFIT AT 1.32802 AND STOP AT 1.33919

EURUSD
https://lh6.googleusercontent.com/Ke...za0r06OVv1KXwQ
https://www.capitalstreetfx.com/en/w...020/12/8-2.png

TRADE SUGGESTION- SELL AT 1.21098, TAKE PROFIT AT 1.20754 AND STOP LOSS AT 1.21593

EURGBP
https://lh4.googleusercontent.com/f3...SKsalLggDvAUG0
https://www.capitalstreetfx.com/en/w...020/12/8-3.png

TRADE SUGGESTION- BUY AT 0.90799, TAKE PROFIT AT 0.91026 AND STOP LOSS AT 0.90494

GBPJPY
https://lh5.googleusercontent.com/DV...ntaFGB07J_eg2A
https://www.capitalstreetfx.com/en/w...020/12/8-4.png

TRADE SUGGESTION- SELL AT 138.822, TAKE PROFIT AT 138.381 AND STOP AT 139.440

HANG SENG
https://lh6.googleusercontent.com/wV...43jwWxZpmGIfA0
https://www.capitalstreetfx.com/en/w...020/12/8-5.png

TRADE SUGGESTION- SELL AT 26308, TAKE PROFIT AT 26055 AND STOP AT 26542

GOLD
https://lh3.googleusercontent.com/8v...1N2CusEs5aMh_M
https://www.capitalstreetfx.com/en/w...020/12/8-6.png

TRADE SUGGESTION- BUY AT 1866.89 TAKE PROFIT AT 1897.18 AND STOP AT 1851.97

CRUDE OIL
https://lh4.googleusercontent.com/Ij...X8-t9-gjrPk0ks
https://www.capitalstreetfx.com/en/w...020/12/8-7.png

TRADE SUGGESTION- SELL AT 45.18, TAKE PROFIT AT 44.53 AND STOP AT 45.74

BTCUSD
https://lh3.googleusercontent.com/Hn...RiNQSK6McHPaLw
https://www.capitalstreetfx.com/en/w...020/12/8-8.png

TRADE SUGGESTION- BUY AT 19144.83 TAKE PROFIT AT 19599.8 AND STOP AT 18760

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Technical Analysis Report on 10 December 2020


Asian equities eased from a record high on Thursday as stalled U.S. stimulus talks and a sell-off in tech stocks weighed. The Shanghai Composite is down 0.12% at 3,368.24. Overall, the Singapore MSCI down 0.77% at 320.80. Over in Hong Kong, the Hang Seng Index down by 0.58% to 26,389. In Japan, the Nikkei 225 down 0.20% at 26,810, while the Topix index was down 0.59% to 1774.0. South Korea’s Kospi down 0.10% to 2753.17. Australia S&P/ASX 200 down 0.67% to 6683.
European equities Wednesday closing. The DAX futures contract in Germany traded 0.47% up at 13340.26, CAC 40 futures is down 0.25% at 5545.9, and the UK 100 futures contract in the U.K. up 0.08% at 6,558.8.
In the U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.35% to 30068.8 the S&P 500 down 0.79% to 3672.8, and the Nasdaq 100 down 0.27% at 12320.7, NYSE closes at 14374.08 down 0.20%.
In the Forex market, GBPUSD down 0.30% at 1.33553. The USDJPY up 0.23% at 104.429. The USDCHF down 0.04% at 0.88907. EURUSD up 0.12% at 1.20923, EUR/GBP up 0.49% at 0.90536. The USD/CNY up 0.03% at 6.5427, at the time of writing.
In the commodity market U.S. Gold futures down 0.01% at $1,838. Elsewhere, Silver futures down 0.19% to $23.918 per ounce, Platinum up 0.35% at $1002.0 per ounce, and Palladium up 0.59% to $2,284.50.
Crude Oil down on Thursday, Brent crude oil down 0.24% to $48.90 a barrel while U.S. West Texas Intermediate (CLc1) is down 0.04% at $46.39.
In the Cryptocurrency Markets, BTCUSD at 18391.04 down 0.88%, Ethereum at 563.74 down 1.69%, Litecoin at 75.95 down 1.92%, at the time of writing.
TOP STOCKS TO WATCH OUT TODAY:
MASCO Corp. up 3.683% at $54.05, A.O. Smith Corp. up 2.817% at $57.67, CARNIVAL Corp. down 3.734% to $22.69, Moderna Inc. down 7.812% to $156.59, NETFLIX Inc down 3.718% to $493.6, WORKDAY Inc. down 2.809% at $219.48.
Economic news:
US: International Monetary Fund Managing Director Kristalina Georgieva said on Wednesday that she expects an IMF program that freezes payments on IMF debt from the poorest countries to be extended through the end of 2021.
Georgieva made the comments during an IMF forum on the COVID-19 crisis in developing countries, where she also said that the best value spending that countries could make in the crisis are investments to accelerate the distribution of coronavirus vaccines.
Eurozone: Britain signed a free trade deal with Singapore on Thursday, the latest in a series of agreements Britain is trying to broker around the globe as it prepares to end its transition out of the European Union on Dec. 31.
Britain’s secretary of state of international trade Liz Truss and Singapore’s trade minister Chan Chun Sing signed the deal at a ceremony in the Southeast Asian city-state.
The Singapore deal comes as British Prime Minister Boris Johnson and the European Union’s chief executive gave themselves until the end of the weekend to seal a new trade pact after failing to overcome persistent rifts.
Important Data: UK Manufacturing Production (MoM) (Oct) today at 2:00 this time estimate to be 0.3%, previously which was 0.5%. US Core CPI (MoM) (Nov) today at 8:30 this time estimate to be 0.1%, previously which was 0.2%. UK Trade Balance (Oct) today at 2:00 this time estimate to be -9.6B, previously which was
-9.35B. French Industrial Production (MoM) (Oct) today at 2:45 this time estimate to be 0.4%, previously which was 1.4%.

TECHNICAL SUMMARY

GBPUSD
https://lh6.googleusercontent.com/-G...6FqmRFQavhYTLQ
https://www.capitalstreetfx.com/en/w...20/12/10-1.png

TRADE SUGGESTION- BUY AT 1.33524, TAKE PROFIT AT 1.34200 AND STOP AT 1.32780

EURUSD
https://lh6.googleusercontent.com/RK...hC5sOf8q1AUluQ
https://www.capitalstreetfx.com/en/w...20/12/10-2.png

TRADE SUGGESTION- SELL AT 1.20857, TAKE PROFIT AT 1.20558 AND STOP LOSS AT 1.21170

USDJPY
https://lh4.googleusercontent.com/58...45l7N-eV0c2QZM
https://www.capitalstreetfx.com/en/w...20/12/10-3.png

TRADE SUGGESTION- BUY AT 104.444, TAKE PROFIT AT 104.730 AND STOP LOSS AT 104.194

USDCHF
https://lh5.googleusercontent.com/HZ...C3gbPPkpMWVIVc
https://www.capitalstreetfx.com/en/w...20/12/10-4.png

TRADE SUGGESTION- SELL AT 0.88940, TAKE PROFIT AT 0.88900 AND STOP AT 0.89146

NASDAQ 100
https://lh4.googleusercontent.com/4J...1xHCHGSAOErIFU
https://www.capitalstreetfx.com/en/w...20/12/10-5.png

TRADE SUGGESTION- SELL AT 12315 TAKE PROFIT AT 12248 AND STOP AT 12442

GOLD
https://lh4.googleusercontent.com/RV...vPP-ZpAU3WdOcY
https://www.capitalstreetfx.com/en/w...20/12/10-6.png

TRADE SUGGESTION- SELL AT 1835.82 TAKE PROFIT AT 1825.50 AND STOP AT 1852.87

CRUDE OIL
https://lh6.googleusercontent.com/1U...ZgeD7I-erHgqYk
https://www.capitalstreetfx.com/en/w...20/12/10-7.png

TRADE SUGGESTION- SELL AT 45.58, TAKE PROFIT AT 45.02 AND STOP AT 46.14

LITECOINUSD
https://lh5.googleusercontent.com/44...uo8LtxIbjfO5PQ
https://www.capitalstreetfx.com/en/w...20/12/10-8.png

TRADE SUGGESTION- SELL AT 71.772 TAKE PROFIT AT 67.92 AND STOP AT 74.92

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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 - 22nd December 2020

For Regular Updates Join our Telegram Channel : T.me/capitalstreetfx

Asia Pacific stocks were down on Tuesday morning, with a new COVID-19 strain threatening to trigger a fresh wave of lockdowns and travel restrictions dampening sentiment. The Shanghai Composite is down 1.91% at 3,355.113. Overall, the Singapore MSCI down 0.40% at 319.90. Over in Hong Kong, the Hang Seng Index down 1.21% to 26,025. In Japan, the Nikkei 225 down 1.16% at 26,340, while the Topix index was down 1.37% to 1759.5. South Korea’s Kospi down 1.62% to 2733.68. Australia S&P/ASX 200 down 1.05% to 6599.6.

European equities Monday closing. The DAX futures contract in Germany traded 2.82% down at 13246.20, CAC 40 futures down 2.43% at 5393.3 and the UK 100 futures contract in the U.K. down 1.73% at 6,416.3.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.12% at 30216.5 the S&P 500 down 0.39% to 3694.9 and the Nasdaq 100 down 0.28% at 12667.3, NYSE closes at 14378.849 down 0.61%.

In the Forex market, GBPUSD down 0.43% at 1.33998. The USDJPY up 0.15% at 103.449. The USDCHF up 0.22% at 0.88744. EURUSD down 0.19% at 1.22175, EUR/GBP up 0.33% at 0.91190. The USD/CNY up 0.06% at 6.5503, at the time of writing.

In the commodity market U.S. Gold futures down 0.38% at $1,869.61. Elsewhere, Silver futures down 1.51% to $25.741per ounce, Platinum down 1.92% at $992.10 per ounce, and Palladium down 0.09% to $2,314.50.

Crude Oil down on Tuesday; Brent Crude Oil down 2.16% to $49.72 barrel while U.S. West Texas Intermediate (CLc1) is down 0.61% at $47.63.
In the Cryptocurrency Markets, BTCUSD at 23816.24 up 0.28%, Ethereum at 603.52 down 0.70%, Litecoin at 101.97 down 2.34%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY:

GOLDMAN SACHS up 6.133% at $256.98, MORGAN STANLEY up 5.687% at $67.83, NIKE Inc. up 4.91% to $144.02, CITI GROUP Inc. up 3.674% to $61.23, TESLA Inc. down 6.495% to $649.86,TECHNIC FMC PLC down 3.481% at $9.15.
Economic news:

US: A majority of the Democratic-controlled U.S. House of Representatives on Monday voted to pass a $900 billion coronavirus aid bill, which is attached to federal agency spending needed to avert a government shutdown at midnight when existing money expires.
With the bill headed toward House passage, it would next be considered by the Senate, which is standing by in what is expected to be an overwhelming vote of approval.

Eurozone: The European Union has opened two investigations into Chinese exporters to assess whether steel screws are being sold in the bloc at excessively low prices and whether optical fiber cables are benefiting from unfair subsidies.

The EU increasingly sees China as a systemic rival and has 23 investigations underway into various products exported from the country, which makes up about half of the EU’s total number of investigations into trade dumping or subsidies.

One of the new investigations is into alleged dumping of iron and steel screws, bolts and washers after a complaint from the European Industrial Fasteners Institute, the EU official journal said on Monday.

The Institute alleges that Chinese exporters have increased shipments, increased market share and harmed EU producers through their low prices.
Important Data: UK GDP (QoQ) (Q3) today at 2:00 this time estimate to be 15.5%, previously which was -19.8%. US GDP (QoQ) (Q3) today at 8:30 this time estimate to be 33.1%, previously which was -31.4%. AUSTRALIA Private Sector Credit (MoM) (Nov) today at 19:30, previously which was 0.0%. GERMAN GfK German Consumer Climate (Jan) today at 2:00 previously which was -6.7.

TECHNICAL SUMMARY
EURUSD
https://lh5.googleusercontent.com/lG...IwOsQX1lMTsaqk
https://www.capitalstreetfx.com/en/w...20/12/22-1.png
TRADE SUGGESTION- BUY AT 1.22181, TAKE PROFIT AT 1.22480 AND STOP AT 1.21777
GBPJPY
https://lh6.googleusercontent.com/Iy...L8mcP0PpwL-LD0
https://www.capitalstreetfx.com/en/w...20/12/22-2.png
TRADE SUGGESTION- SELL AT 138.630, TAKE PROFIT AT 138.336 AND STOP LOSS AT 138.864
NZDUSD
https://lh3.googleusercontent.com/ZR...G7Bn5xmahf64vM
https://www.capitalstreetfx.com/en/w...20/12/22-3.png
TRADE SUGGESTION- SELL AT 0.70521, TAKE PROFIT AT 0.70291 AND STOP LOSS AT 0.70720
EURAUD
https://lh6.googleusercontent.com/-Q...9ttuYqnV_lBVUQ
https://www.capitalstreetfx.com/en/w...20/12/22-4.png
TRADE SUGGESTION- BUY AT 1.6187, TAKE PROFIT AT 1.6213 AND STOP AT 1.6138
FTSE 100
https://lh3.googleusercontent.com/i2...MS2L2lc44ZTX8Y
https://www.capitalstreetfx.com/en/w...20/12/22-5.png
TRADE SUGGESTION- SELL AT 6347.4 TAKE PROFIT AT 6317.6 AND STOP AT 6373.8
BRENT CRUDE OIL
https://lh4.googleusercontent.com/XX...qrxt3q_IHqf60I
https://www.capitalstreetfx.com/en/w...20/12/22-6.png
TRADE SUGGESTION- SELL AT 50.12 TAKE PROFIT AT 49.60 AND STOP AT 50.92
CRUDE OIL
https://lh4.googleusercontent.com/fQ...bxsNrLKLHmW9VU
https://www.capitalstreetfx.com/en/w...20/12/22-7.png
TRADE SUGGESTION- SELL AT 47.00, TAKE PROFIT AT 46.60 AND STOP AT 47.68
ETHEREUM
https://lh6.googleusercontent.com/cd...VZJNlP9KUfWp5I
https://www.capitalstreetfx.com/en/w...20/12/22-8.png
TRADE SUGGESTION- SELL AT 593.94 TAKE PROFIT AT 574.16 AND STOP AT 604
https://www.capitalstreetfx.com/en/w...ort_footer.jpg
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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 - 23rd December 2020

For Regular Updates Join our Telegram Channel : T.me/capitalstreetfx

Asia Pacific stocks were up on Wednesday morning, with gains muted after U.S. President Donald Trump said he is asking Congress to amend a COVID-19 bill passed by both the House of Representatives and the Senate on Monday. The Shanghai Composite is up to 0.79% at 3,380.408. Overall, the Singapore MSCI down 0.02% at 322.55. Over in Hong Kong, the Hang Seng Index down 0.58% to 26,288. In Japan, the Nikkei 225 down 0.53% at 26,480, while the Topix index was up 0.14% to 1762.0. South Korea’s Kospi up 0.96% to 2759.82. Australia S&P/ASX 200 up 0.66% to 6643.1.

European equities Tuesday closing. The DAX futures contract in Germany traded 1.30% up at 13418.11, CAC 40 futures up 1.36% at 5466.9 and the UK 100 futures contract in the U.K. up 0.57% at 6,453.2.

In U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.67% at 30015.5 the S&P 500 down 0.21% to 3687.3 and the Nasdaq 100 up 0.12% at 12732.2, NYSE closes at 14321.338 down 0.40%.

In the Forex market, GBPUSD up 0.55% at 1.34167. The USDJPY down 0.15% at 103.461. The USDCHF down 0.08% at 0.88850. EURUSD up 0.17% at 1.21820, EUR/GBP down 0.22% at 0.9078. The USD/CNY down 0.01% at 6.5417, at the time of writing.

In the commodity market U.S. Gold futures up 0.30% at $1,866.11. Elsewhere, Silver futures up 0.68% to $25.397 per ounce, Platinum up 0.60% at $1008.78 per ounce, and Palladium up 0.19% to $2,323.00.

Crude Oil mix on Wednesday; Brent Crude Oil down 0.76% to $49.41 barrel while U.S. West Texas Intermediate (CLc1) is up 0.46% at $47.85.
In the Cryptocurrency Markets, BTCUSD at 23450.89 down 1.67%, Ethereum at 611.45 down 3.97%, Litecoin at 109.06 down 4.75%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY:

ETSY Inc. up 4.324% at $197.38, APPLE Inc. up 2.846% at $131.88, NETAPP Inc. up 2.541% to $66.18, CARNIVAL Corp. down 5.935% to $19.81, WESTERN DIGITAL down 4.769% to $49.72, JD.COM Inc. up 2.666% at $82.79.

Economic news:

US: President Donald Trump threatened on Tuesday to not sign an $892 billion coronavirus relief bill that includes desperately needed money for individual Americans, saying it should be amended to increase the amount in the stimulus checks.

U.S. government operations are being funded on a temporary basis through Dec. 28, waiting for the $1.4 trillion in federal spending for fiscal 2021 that is also part of the bill.
Failure to either pass another stopgap bill or override a possible Trump veto of the legislation could result in a partial government shutdown. The threat by the outgoing Republican president, who has less than a month left in office, throws into turmoil a bipartisan effort in Congress to provide help for people whose lives have been upended by the pandemic.

Eurozone: Canada and Britain said they struck a short-term deal on Tuesday to ensure that free trade between the two after Brexit can continue until the Canadian parliament approves a new bilateral agreement.

As Britain prepares to end its transition out of the European Union on Dec. 31, it has negotiated many roll-over bilateral deals to maintain trade, including with Canada.
But Canada’s House of Commons failed to ratify the document in time, meaning the two nations would in theory have had to impose tariffs on each other starting on Jan 1.

“The United Kingdom and Canada have today agreed transitional measures to maintain the flow of goods between our countries from Jan. 1,” Britain’s department of international trade said in a statement.
Important Data: US Initial Jobless Claims today at 8:30 this time estimate to be 885K, previously which was 885K. CANADA GDP (MoM) (Oct) today at 8:30 this time estimate to be 0.3%, previously which was 0.8%. US Crude Oil Inventories today at 10:30 this time estimate to be -3.186M, previously which was -3.135M. Spanish GDP (QoQ) (Q3) today at 3:00 previously which was -17.8%.

TECHNICAL SUMMARY

GBPUSD
https://lh3.googleusercontent.com/4g...B2DjfwzXIWgnzc
https://www.capitalstreetfx.com/en/w...20/12/23-1.png

TRADE SUGGESTION- BUY AT 1.34257, TAKE PROFIT AT 1.34709 AND STOP AT 1.33332

EURUSD
https://lh3.googleusercontent.com/Vq...VtfPOL3Y_h4ANM
https://www.capitalstreetfx.com/en/w...20/12/23-2.png

TRADE SUGGESTION- BUY AT 1.21872, TAKE PROFIT AT 1.22193 AND STOP LOSS AT 1.21424

EURJPY
https://lh4.googleusercontent.com/8k...5ZfuPsgY6d6eWU
https://www.capitalstreetfx.com/en/w...20/12/23-3.png

TRADE SUGGESTION- SELL AT 126.065, TAKE PROFIT AT 125.767 AND STOP LOSS AT 126.688

AUDCHF
https://lh5.googleusercontent.com/QS...Lqby9NWVBh1VAQ
https://www.capitalstreetfx.com/en/w...20/12/23-4.png

TRADE SUGGESTION- BUY AT 0.6717, TAKE PROFIT AT 0.6729 AND STOP AT 0.6710

CAC 40
https://lh5.googleusercontent.com/or...ryifNbwirb8UOM
https://www.capitalstreetfx.com/en/w...20/12/23-5.png

TRADE SUGGESTION- BUY AT 5463.4 TAKE PROFIT AT 5524.1 AND STOP AT 5400.0

CRUDE OIL
https://lh5.googleusercontent.com/-7...S4OG_7apJRbXhU
https://www.capitalstreetfx.com/en/w...20/12/23-6.png

TRADE SUGGESTION- SELL AT 46.45 TAKE PROFIT AT 45.75 AND STOP AT 47.22

GOLD
https://lh4.googleusercontent.com/5R...cBm9IPGy87BlFQ
https://www.capitalstreetfx.com/en/w...20/12/23-7.png

TRADE SUGGESTION- SELL AT 1866.09, TAKE PROFIT AT 1857.67 AND STOP AT 1874.12

LITECOIN USD
https://lh5.googleusercontent.com/kg...seZ0vv_hnxCYEI
https://www.capitalstreetfx.com/en/w...20/12/23-8.png

TRADE SUGGESTION- BUY AT 106.35 TAKE PROFIT AT 108.46 AND STOP AT 104

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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 Market Report as on 22nd January 2021

Asia Pacific stocks were mostly down on Friday morning. The Shanghai Composite is down 0.59% at 3,598.70. Overall, the Singapore MSCI down 0.87% at 340.75. Over in Hong Kong, the Hang Seng Index down 1.33% to 29,516. In Japan, the Nikkei 225 down 0.28% at 28,650, while the Topix index is down 0.05% at 1855.5. South Korea’s Kospi up 0.50% to 3143.93. Australia S&P/ASX 200 down 0.34% at 6800.4.


European equities Thursday closing. The DAX futures contract in Germany traded 0.11% down at 13906.67, CAC 40 futures down 0.67% at 5590.8 and the UK 100 futures contract in the U.K. down 0.37% at 6,715.4.

In U.S. on Wall Street, the Dow Jones Industrial Average closed flat at 31176.0 the S&P 500 up 0.03% to 3853.1 and the Nasdaq 100 down 0.38% at 13360.0, NYSE closes at
15019.04 down 0.52%.

In the Forex market, GBPUSD down 0.25% at 1.36943. The USDJPY up 0.16% at 103.643. The USDCHF up 0.04% at 0.88541. EURUSD up 0.03% at 1.21648, EUR/GBP up 0.28% at 0.88825. The USD/CNY up 0.20% at 6.4726, at the time of writing.

In the commodity market U.S. Gold futures down 0.57% at $1,858.63. Elsewhere, Silver futures down 1.63% to $25.441 per ounce, Platinum down 1.58% at $1106.68 per ounce, and Palladium down 0.19% to $2,365.00.

Crude Oil down on Friday; Brent Crude Oil down 0.98% to $55.45 barrel while U.S. West Texas Intermediate (CLc1) is down 0.10% at $52.36.
In the Cryptocurrency Markets, BTCUSD at 31975.17 up 3.64%, Ethereum at 1177.14 up 5.94%, Litecoin at 137.07 up 5.37%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY:
INTEL Corp. up 6.46% at $62.46, FORD Motor Co. up 6.169% at $11.53, NVIDIA Corp. up 3.754% to $554.7, APPLE Inc. up 3.666% to $136.87, WESTERN DIGITAL up 3.261% to $53.51, UNITED AIRLINES down 5.733% at $42.59.

Economic news:
US: President Joe Biden’s top economic adviser, Brian Deese, plans to meet with a bipartisan group of lawmakers in coming days in an appeal for the administration’s $1.9 trillion Covid-19 relief plan, according to aides familiar with the matter.

Deese, head of the White House National Economic Council, expects to speak with the group in the next week or so, the people said, asking not to be named as the plans aren’t public. Timing of the meeting hasn’t yet been finalized.

Biden’s plan has already run into headwinds. GOP's lawmakers on Tuesday dismissed the argument by Janet Yellen, who’s awaiting Senate confirmation as Treasury secretary, that historically low interest rates mean major deficit spending isn’t a problem right now.

Even moderate GOP senators expressed scepticism about the need for another giant package so soon after the $900 billion spending bill enacted last month. Mitt Romney of Utah and Lisa Murkowski of Alaska, who were key members of a bipartisan group that helped get that last package passed, on Wednesday declined to embrace the new administration’s push

Eurozone: The U.K.’s third coronavirus lockdown looks set to endure as the government warned it’s too early to contemplate easing restrictions.
Prime Minister Boris Johnson and Home Secretary Priti Patel did not repeat previous assurances that the U.K. will be getting back to normal by April, even as the mass vaccination program continued to expand to reach 5 million people.

Instead, they toughened up measures to enforce the current restrictions, amid concerns that too many people are still flouting the rules, making it harder to control the spread of the disease.

New police fines of 800 pounds ($1,097) will be imposed on people caught attending house parties, Patel told a press conference in London. When asked if the public should book summer holidays, she said the advice now is to stay home.

“It’s far too early to say or even speculate when we can lift restrictions,” Patel said. “This country remains in the grip of a pandemic.”

Important Data: Retail Sales (MoM) (Dec) today at 2:00 this time estimated 1.2%, previously which was -3.8%. German Manufacturing PMI (Jan) today at 8:30 this time estimated 57.5, previously which was 58.3. US Crude Oil Inventories today at 11:00 this time estimated -1.167M, previously which was -3.247M. US Existing Home Sales (Dec) today at 10:00 previously which was 6.69M.

TECHNICAL SUMMARY

USDJPY
https://lh4.googleusercontent.com/d7...JZvD7RTcj5Dm5g
https://www.capitalstreetfx.com/en/w...21/01/22-1.png
TRADE SUGGESTION- SELL AT 103.607, TAKE PROFIT AT 103.501 AND STOP AT 103.741
EURUSD
https://lh6.googleusercontent.com/cm...BFR3IIMYTDv5lc
https://www.capitalstreetfx.com/en/w...21/01/22-2.png
TRADE SUGGESTION- SELL AT 1.21636, TAKE PROFIT AT 1.21412 AND STOP LOSS AT 1.21865
USDMXN
https://lh5.googleusercontent.com/8l...lOgEKruzwPsd38
https://www.capitalstreetfx.com/en/w...21/01/22-3.png
TRADE SUGGESTION- SELL AT 19.81267, TAKE PROFIT AT 19.69150 AND STOP LOSS AT 19.89145
CADCHF
https://lh3.googleusercontent.com/lh...9qZRj7QTuMaiNs
https://www.capitalstreetfx.com/en/w...21/01/22-4.png
TRADE SUGGESTION- BUY AT 0.69805, TAKE PROFIT AT 0.69936 AND STOP AT 0.69708
FTSE 100
https://lh5.googleusercontent.com/yd...WXZloc9SDUgwMA
https://www.capitalstreetfx.com/en/w...21/01/22-5.png
TRADE SUGGESTION- BUY AT 6732.6 TAKE PROFIT AT 6770.4 AND STOP AT 6700
CRUDE OIL
https://lh6.googleusercontent.com/qy...e1gKFq91eYo_as
https://www.capitalstreetfx.com/en/w...21/01/22-6.png
TRADE SUGGESTION- SELL AT 52.48 TAKE PROFIT AT 51.64 AND STOP AT 53.28
GOLD
https://lh3.googleusercontent.com/oj...q1x_pD3QAI628I
https://www.capitalstreetfx.com/en/w...21/01/22-7.png
TRADE SUGGESTION- SELL AT 1861.32, TAKE PROFIT AT 1855.14 AND STOP AT 1872.70
LITECOIN USD
https://lh3.googleusercontent.com/fH...upyiyoWa03s4eY
https://www.capitalstreetfx.com/en/w...21/01/22-8.png
TRADE SUGGESTION- SELL AT 135.52 TAKE PROFIT AT 132.38 AND STOP AT 138.82
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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 Market Report as on 24th January 2021

Asian shares rose on Monday as concerns over rising COVID-19 cases and delays in vaccine supplies were eclipsed by expectations of a $1.9 trillion fiscal stimulus plan to help revive the U.S. economy. The Shanghai Composite is up to 0.78% at 3,633.86. Overall, the Singapore MSCI down 0.15% at 339.15. Over in Hong Kong, the Hang Seng Index up 1.93% to 30,029. In Japan, the Nikkei 225 up 0.38% at 28,740, while the Topix index is down 0.03% at 1855.0. South Korea’s Kospi up 1.82% to 3197.57. Australia S&P/ASX 200 up 0.24% at 6816.6.

European equities Friday closing. The DAX futures contract in Germany traded 0.24% down at 13873.97, CAC 40 futures down 0.56% at 5559.6 and the UK 100 futures contract in the U.K. down 0.30% at 6,695.1.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed 0.57% down at 30997.0 the S&P 500 down 0.30% to 3841.5 and the Nasdaq 100 up 0.85% at 13478.9, NYSE closes at 14951.84 down 0.45%.

In the Forex market, #GBPUSD up 0.25% at 1.37061. The #USDJPY up 0.04% at 103.744. The #USDCHF up 0.01% at 0.88505. #EURUSD up 0.06% at 1.21783, #EURGBP down 0.04% at 0.88838. The #USDCNY down 0.09% at 6.4752, at the time of writing.

In the #CommodityMarket U.S. #Gold_futures up 0.03% at $1,855.4. Elsewhere, Silver futures up 0.48% to $25.589 per ounce, Platinum down 0.29% at $1099.22 per ounce, and Palladium down 0.34% to $2,354.00.

#CrudeOil mix on Monday; Brent Crude Oil up 0.51% to $55.35 barrel while U.S. West Texas Intermediate (CLc1) is down 0.19% at $52.26.

In the #Cryptocurrency Markets, #BTCUSD at 33356.89 up 3.30%, #Ethereum at 1433.86 up 2.90%, #Litecoin at 145.55 up 3.07%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY:
#TWITTER Inc. up 1.995% at $48.06, #OTIS WORLDWIDE up 2.141% at $64.88, #INTEL Corp. down 9.286% to $56.66, #WESTERN DIGITAL down 5.233% to $50.71, #APPLE Inc. up 1.607% to $139.07, #PAYPAL Holdings up 1.351% at $252.

#Economic news:
US: Officials in President Joe Biden’s administration tried to head off Republican concerns that his $1.9 trillion pandemic relief proposal was too expensive on a Sunday call with Republican and Democratic lawmakers, some of whom pushed for a smaller plan targeting vaccine distribution.

Lawmakers from both parties said they had agreed that getting the COVID-19 vaccine to Americans should be a priority, but some Republicans objected to such a hefty package only a month after Congress passed a $900 billion relief measure.

“It seems premature to be considering a package of this size and scope,” said Republican Senator Susan Collins, who was on the call with Brian Deese, director of the White House’s National Economic Council, and other top Biden aides.

#Eurozone: A group of British members of parliament said on Monday that the Bank of England should stop buying bonds from businesses whose activities accelerate global warming.

Britain’s central bank doubled its holdings of corporate bonds to 20 billion pounds ($27 billion) last year as part of efforts to support the economy through the coronavirus pandemic.

The House of Commons’ Environmental Audit Committee – which looks at public bodies’ impact on global warming – said buying bonds from firms such as energy companies with high carbon emissions contravened government goals to reduce global warming.

“The Bank must begin a process of aligning its corporate bond purchasing program with Paris Agreement goals as a matter of urgency,” the committee’s chairman, Philip Dunne, wrote in a letter to BOE Governor Andrew Bailey.

Important Data: German IFO Business Climate Index (Jan) today at 4:00 this time estimated 91.8, previously which was 92.1. RUSSIA Industrial Production (YoY) (Dec) today at 11:00 this time estimated -3.0%, previously which was -2.6%. German Current Assessment (Jan) today at 4:00 this time estimated 90.6, previously which was 91.3. US 6-Month Bill Auction today at 11:30 previously which was at 0.095%.

TECHNICAL SUMMARY
#GBPUSD
https://lh3.googleusercontent.com/W5...e4cB-i_3FsGoV8
https://www.capitalstreetfx.com/en/w...21/01/25-1.png
TRADE SUGGESTION- BUY AT 1.37055, TAKE PROFIT AT 1.37569 AND STOP AT 1.36196
#EURGBP
https://lh3.googleusercontent.com/er...Vj8m6KifX_HuR8
https://www.capitalstreetfx.com/en/w...21/01/25-2.png
TRADE SUGGESTION- SELL AT 0.88789, TAKE PROFIT AT 0.88630 AND STOP LOSS AT 0.88960
#EURJPY
https://lh3.googleusercontent.com/5e...Fc3oB3G3b47Smg
https://www.capitalstreetfx.com/en/w...21/01/25-3.png
TRADE SUGGESTION- BUY AT 126.315, TAKE PROFIT AT 126.496 AND STOP LOSS AT 126.198
#USDSEK
https://lh3.googleusercontent.com/8X...FEGNWpnmL1m0mc
https://www.capitalstreetfx.com/en/w...21/01/25-4.png
TRADE SUGGESTION- SELL AT 8.28719, TAKE PROFIT AT 8.27283 AND STOP AT 8.30350
DOW JONES
https://lh6.googleusercontent.com/-0...TFtLw3uVOxgDpo
https://www.capitalstreetfx.com/en/w...21/01/25-5.png
TRADE SUGGESTION- BUY AT 30989 TAKE PROFIT AT 31100 AND STOP AT 30830
#SILVER
https://lh4.googleusercontent.com/e1...kC2xFIiYZK1LbU
https://www.capitalstreetfx.com/en/w...21/01/25-6.png
TRADE SUGGESTION- SELL AT 25.479 TAKE PROFIT AT 25.231 AND STOP AT 25.775
#GOLD
https://lh4.googleusercontent.com/I1...oNWe2ac5p4NkZ8
https://www.capitalstreetfx.com/en/w...21/01/25-7.png
TRADE SUGGESTION- SELL AT 1850.60, TAKE PROFIT AT 1836.08 AND STOP AT 1862.81
#BTCUSD
https://lh6.googleusercontent.com/KE...8HTaohVybWUIOY
https://www.capitalstreetfx.com/en/w...21/01/25-8.png
TRADE SUGGESTION- BUY AT 33281 TAKE PROFIT AT 33795 AND STOP AT 32810
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.

Top 5 Market News of the day that Can't be missed

#24thJanuary2021

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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 As on 8th February 2021

Join telegram for real time updates T.me/capitalstreetfx

Asia Pacific stocks were up on Monday morning. The Shanghai Composite is up 1.00% at 3,530.86. Overall, the Singapore MSCI up 1.16% at 332.25. Over in Hong Kong, the Hang Seng Index up 0.10% to 29,298. In Japan, the Nikkei 225 up 1.88% at 29,350, while the Topix index is up 1.48% at 1921.5. South Korea’s Kospi down 0.72% to 3096.11. Australia S&P/ASX 200 up 0.59% at 6880.7.

European equities Friday closing. The DAX futures contract in Germany traded 0.03% down at 14056.72, CAC 40 futures up 0.90% at 5659.3 and the UK 100 futures contract in the U.K. down 0.22% at 6,489.3.

In U.S. on Wall Street, the Dow Jones Industrial Average closed 0.30% up at 31148.2 the S&P 500 up 0.39% to 3886.8 and the Nasdaq 100 up 0.32% at 13604.0, NYSE closes at 15069.60 up 0.63%.

In the Forex market, GBPUSD up 0.01% at 1.37295. The USDJPY up 0.18% at 105.506. The USDCHF up 0.09% at 0.89963. EURUSD down 0.09% at 1.20384, EUR/GBP up 0.07% at 0.87680. The USD/CNY down 0.15% at 6.4569, at the time of writing.

In the commodity market U.S. Gold futures up 0.12% at $1,814.87. Elsewhere, Silver futures up 0.53% to $27.039 per ounce, Platinum up 1.78% at $1142.43 per ounce, and Palladium down 0.09% to $2,347.5.

Crude Oil up on Monday; Brent Crude Oil up 0.52% to $59.88 barrel while U.S. West Texas Intermediate (CLc1) is up 0.78% at $56.64.
In the Cryptocurrency Markets, BTCUSD at 39171.34 up 0.84%, Ethereum at 1632.05 up 1.03%, Litecoin at 151.82 up 0.42%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY:

ETSY Inc. up 4.655% at $231.12, STARBUCKS Corp. up 2.74% at $106.48, ZOOM VIDEO Corp. up 7.593% to $419.59, QUALCOMM Inc. down 1.44% to $145.84, NIKE Inc. up 3.186% to $145.11, COCA-COLA Inc. up 1.306% at $49.65.

Economic news:
US: U.S. Treasury Secretary Janet Yellen said on Sunday that American workers who earn $60,000 per year should receive stimulus checks as part of the White House’s proposed $1.9 trillion coronavirus relief package.

“The exact details of how it should be targeted are to be determined, but struggling middle class families need help,” Yellen said on CNN’s “State of the Union.”
The White House has said it is open to negotiation on who should be eligible to receive the proposed $1,400 checks, and has declined to specify where it thinks the income cut-off should be.

“President (Joe) Biden is certainly willing to work with members of Congress to define what’s fair and he wouldn’t want to see a household making over $300,000 receive these payments,” Yellen said, without offering further detail.

Eurozone: Exports from Britain to the European Union fell by 68% in January as trade was disrupted after the end of a transition period following Britain’s departure from the European Union, according to a trade body representing hauliers.

The government did not confirm the data and said disruption at the border had been minimal since Britain completed its journey out of the EU’s orbit at the of 2020 following an agreement on trading arrangements.

Since the start of the year, businesses and hauliers have had to adapt to new trading arrangements, including new systems for companies and officials in the British province of Northern Ireland.

Some businesses have struggled with new customs declarations and health certificates as the coronavirus pandemic also hits firms.

Important Data: German Industrial Production (MoM) (Dec) today at 2:30 this time estimated 0.3%, previously which was 0.9%. UK BRC Retail Sales Monitor (YoY) (Jan) today at 19:01 previously which was 4.8%. US CB Employment Trends Index (Jan) today at 10:00 previously which was 99.01. JAPAN M2 Money Stock (YoY) today at 18:50 previously which was at 9.0%.

TECHNICAL SUMMARY

GBPUSD

TRADE SUGGESTION- BUY AT 1.37245, TAKE PROFIT AT 1.37863 AND STOP LOSS AT 1.36540

USDJPY

TRADE SUGGESTION- BUY AT 1.37225, TAKE PROFIT AT 1.37448 AND STOP LOSS AT 1.37060

EURGBP

TRADE SUGGESTION- SELL AT 0.87648, TAKE PROFIT AT 0.87556 AND STOP LOSS AT 0.87765

AUDUSD

TRADE SUGGESTION- BUY AT 0.76742, TAKE PROFIT AT 0.77019 AND STOP LOSS AT 0.76587

DJ EURO STOXX 50

TRADE SUGGESTION- BUY AT 3671 TAKE PROFIT AT 3695 AND STOP LOSS AT 3643

WTI CRUDE OIL

TRADE SUGGESTION- BUY AT 57.36 TAKE PROFIT AT 58.08 AND STOP LOSS AT 56.80

GOLD

TRADE SUGGESTION- SELL AT 1814.56, TAKE PROFIT AT 1805.64 AND STOP AT 1823.20

BTCUSD

TRADE SUGGESTION- BUY AT 39002.47 TAKE PROFIT AT 39589.83 AND STOP AT 38657.97

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

Daily Report As on 8th February 2021

Join telegram for real-time updates T.me/capitalstreetfx

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

TECHNICAL SUMMARY

GBPUSD
https://lh3.googleusercontent.com/tQ...MGyVPLLDZ0cGNA

https://www.capitalstreetfx.com/en/w...21/02/10-1.png

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

EURUSD
https://lh3.googleusercontent.com/3J...4gjq3_JQARlPos

https://www.capitalstreetfx.com/en/w...21/02/10-2.png

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

EURGBP
https://lh5.googleusercontent.com/EP...-PbhqvYd1A1j2A

https://www.capitalstreetfx.com/en/w...21/02/10-3.png

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

AUDUSD
https://lh5.googleusercontent.com/s7..._uZlnI5C3RPxTw

https://www.capitalstreetfx.com/en/w...21/02/10-4.png

TRADE SUGGESTION- BUY AT 0.77382, TAKE PROFIT AT 0.77608 AND STOP LOSS AT 0.77240

S&P 500
https://lh6.googleusercontent.com/s3...NUnbnURfd_dFpw

https://www.capitalstreetfx.com/en/w...21/02/10-5.png

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

WTI CRUDE OIL
https://lh4.googleusercontent.com/Lo...-a68j1hL9-Fx30

https://www.capitalstreetfx.com/en/w...21/02/10-6.png

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

GOLD
https://lh5.googleusercontent.com/DA...CdIJnNrCfNDvy8

https://www.capitalstreetfx.com/en/w...21/02/10-7.png

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

LITECOIN USD
https://lh4.googleusercontent.com/q1...ij7YwVbCN_Ikpg

https://www.capitalstreetfx.com/en/w...21/02/10-8.png

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

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

Daily Report As on 18 February 2021

Join telegram for real-time updates T.me/capitalstreetfx

Asia Pacific stocks were mixed on Thursday morning, with Chinese stocks headed towards record highs. The Shanghai composite is up 0.42% at 3,670.57. Overall, the Singapore MSCI down 0.61% at 332.50. Over in Hong Kong, the Hang Seng Index down 1.27% to 30,582. In Japan, the Nikkei 225 down 0.53% at 30,240, while the Topix index is down 1.52% at 1941.5. South Korea’s Kospi down 1.17% to 3097.03. Australia S&P/ASX 200 up 0.01% at 6885.9.
European equities Wednesday closing. The DAX futures contract in Germany traded 1.1% down at 13909.27, CAC 40 futures down 0.36% at 5765.8 and the UK 100 futures contract in the U.K. down 0.56% at 6,710.9.
In U.S. on Wall Street, the Dow Jones Industrial Average closed 0.29% up at 31613.0 the S&P 500 down 0.03% to 3931.3 and the Nasdaq 100 down 0.54% at 13699.7, NYSE closes at 15402.58 down 0.13%.
In the Forex market, GBPUSD down 0.06% at 1.38487. The USDJPY up 0.03% at 105.90. The USDCHF flat at 0.89881. EURUSD up 0.10% at 1.20466, EUR/GBP up 0.23% at 0.86978. The USD/CNY down 0.06% at 6.4542, at the time of writing.
In the commodity market U.S Gold futures up 0.37% at $1,782.50. Elsewhere, Silver futures down 0.49% to $27.239 per ounce, Platinum up 1.18% at $1262.50 per ounce, and Palladium up 0.38% to $2,386.0.
Crude Oil up on Thursday; Brent crude oil up 0.34% to $65.12 barrel while U.S. West Texas Intermediate (CLc1) is up 0.65% at $58.63.
In the Cryptocurrency Markets, BTCUSD at 52037.04 down 0.29%, Ethereum at 1896.79 up 2.45%, Litecoin at 231.50 down 2.49%, at the time of writing.
TOP STOCKS TO WATCH OUT TODAY:
VERIZON COMMUNICATION up 5.245% at $56.99, KRAFT HEINZ Co. up 4.695% at $37.02, DISCOVERY Inc up 4.245% to $49.36, HP Inc. down 3.24% to $26.28, TWITTER Inc down 2.934% to $71.79, NVIDIA Corp. down 2.767% at $596.24.
Economic news:
US: Facing a still-scarred economy that may need an extended time to recover fully, Federal Reserve officials last month debated how to lay the groundwork for the public to accept higher inflation, and also the need to “stay vigilant” for signs of stress in buoyant asset markets, according to minutes of the U.S. central bank’s Jan. 26-27 policy meeting.
In discussions that ranged from the public’s perceptions of inflation to the vagaries of Robinhood-type retail stock trading platforms, Fed officials said they were still prepared to keep their easy monetary policy on track to help heal a job market still ailing from the impact of the coronavirus pandemic.
With a jump in some prices expected this spring, “many participants stressed the importance of distinguishing between such one-time changes in relative prices and changes in the underlying trend for inflation,” according to the minutes, which were released on Wednesday.
Eurozone: A quarter of British businesses expect to fire staff if finance minister Rishi Sunak does not extend a job furlough programme that is due to expire at the end of April, the British Chambers of Commerce said on Thursday.
Sunak is due to deliver his annual budget on March 3 and has promised to provide more support for jobs hit by the coronavirus pandemic. But he is also mindful that COVID-related spending has already pushed Britain’s budget deficit to its highest since World War Two.
Britain entered a third national lockdown last month, which forced schools and most businesses to close their doors to the public, although staff can continue to work on site if there is no good alternative.
The BCC said 61% of firms had suffered a fall in sales since October, based on a survey of 1,115 of its members carried out between Jan. 18 and Jan. 31.
Important Data: US Building Permits (Jan) today at 8:30 this time estimated 1.678M, previously which was 1.704M. US Initial Jobless Claims today at 8:30 this time estimated 765K, previously which was 793K. CANADA New Housing Price Index (MoM) (Jan) today at 8:30 previously which was 0.3%. RUSSIA Unemployment Rate (Jan) today at 11:00 this time estimated 6.0%, previously which was 5.9%.

TECHNICAL SUMMARY

GBPUSD
https://lh5.googleusercontent.com/BA...Ol-h1BQatV4DKU

https://www.capitalstreetfx.com/en/w...21/02/18-1.png

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

EURUSD
https://lh6.googleusercontent.com/xn...eJFUPTbccab580
https://www.capitalstreetfx.com/en/w...21/02/18-2.png

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

GBPJPY
https://lh5.googleusercontent.com/se...ioB1OaI9htNxmE
https://www.capitalstreetfx.com/en/w...21/02/18-3.png

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

CHFJPY
https://lh6.googleusercontent.com/73...f2TcTpe-1xHnBQ
https://www.capitalstreetfx.com/en/w...21/02/18-4.png

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

FTSE 100
https://lh5.googleusercontent.com/bX...CFL5I2BL-5NLqY
https://www.capitalstreetfx.com/en/w...21/02/18-5.png

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

WTI CRUDE OIL
https://lh4.googleusercontent.com/wU...JySaqhRW_AI08g
https://www.capitalstreetfx.com/en/w...21/02/18-6.png

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

GOLD
https://lh4.googleusercontent.com/tk...8FYodsYxjaOh8A
https://www.capitalstreetfx.com/en/w...21/02/18-7.png

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

BTC USD
https://lh5.googleusercontent.com/ac...7ytKlr0aDzDA-Q
https://www.capitalstreetfx.com/en/w...21/02/18-8.png

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