Recent content by CapitalStreetFX

Dow futures were trading at 25998 while Nasdaq 100 and S&P 500 futures inched up to 10,630 and 3150.88 respectively, at the time of writing. On the earnings front, JP Morgan Chase & Co and Wells Fargo & Co are scheduled to report their quarterly results before the market opens on Tuesday. On...

Another 2015 Like Meltdown In Crude Oil Rising Supply Raises Concerns Oil prices hovered at the lowest level in two months on Monday as investors worried that the global glut would weigh on markets. According to data released by Baker Hughes on Friday, rigs drilling for oil in the U.S. rose by...

Euro Below 1.10000 – Can Buyers Attempt Bottom Fishing? Euro Below 1.10000 – Can Buyers Attempt Bottom Fishing? The Euro gained against the US dollar on Monday to $1.09866 after a widely watched German sentiment survey reported increased optimism among businesses after the Brexit vote. The...

Shorts In Control – AUDUSD Falls As RBA Leaves Rates Unchanged The AUDUSD is moving downwards in the current session without volatility following the Reserve Bank of Australia announcement of maintaining an unchanged benchmark rate at 1.75%. The report from the Australian Bureau of Statistics...

Rising Risk Aversion – Longs On German Bunds Recommended Considered as safe-havens, bonds usually become more attractive when the markets experience instability. One of Europe’s benchmark sovereign securities, Germany’s 10-year bund, rose in Monday’s trading session as uncertainty resulting...

EURCAD Languid Ahead of ECB Conference and OPEC Meeting Data released on Monday reported that the EU economy remained pretty weak and signals for a strong recovery are not clearly evident yet. The Federal Statistical Office (Destatics) today reported that the index of Germany import prices in...

Bears Dominating EURUSD, Draghi Indicates Slower Growth Due To Brexit On June 24th , the unexpected vote by 52% of Britons in favor of leaving the 28-nation trade bloc has pushed the global markets into a turbulent situation. The common currency, euro, dived in a brutal selloff as investors...

Buyers Piling Into Nikkei 225 As BOJ Talks Intervention After Britain’s vote to opt out of the European Union stunned financial markets, Nikkei 225 shares immediately plunged viciously to as low as 14812.90 – the lowest price since February 13, 2016. Yet, the Japanese N225 has experienced a...

Buyers Laughing To The Bank As Gold Surges Strongly After “Exit” Triumph Buyers Laughing To The Bank As Gold Surges Strongly After “Exit” Triumph The price of the precious metal continues to gain support as risky assets are still heading down after Britain’s decision to leave the European...

Longs Favoured On Natural Gas As Weak USD, Strong Demand Data Supports According to a report released earlier today, US demand for airconditioning is lower this year, relative to last year, but overall consumption levels remain strong. The demand is much higher than the long-run average so far...

USDCHF Longs Favored – SNB Indicates Negative Rates To Continue In the first Press Conference this year, the Swiss National Bank (SNB) announced that its expansionary monetary policy shall remained deployed as before. The interest rates for sight deposits were maintained at -0.75% and the...

Shorts Working Well – Brent Slips On Supply Concerns, EU Recession On Brexit Brent crude price is down for a fifth day to as low as 49.47, after hitting the record high level of 52.98, formed on June 9, 2016. Prices started to tumble when industry group Baker Hughes Inc. reported that oil rigs...

GBPUSD At The Edge Of A Major Selloff As Brexit Polls Raising Nervousness On Tuesday (14/6), the British pound remained fragile near a two-month low against the dollar on worries over U.K leaving the European Union. On Monday (13/6), four polls from three pollsters put the “Leave” campaign...

Brent Ticks Up On Mixed Data Ahead Of OPEC Meeting Brent crude oil has moved up slightly, and is currently trading at $50.09 per barrel on Thursday. Investors and traders are taking a cautious tone right now ahead of the result from the OPEC meeting in Vienna, which is widely expected to fail...

ASX 200 Cracks In The Midst Of Plunging Commodity Prices On Wednesday (1/6), the commodity-reliant S&P/ASX 200 index stumbled sharply following a sharp down-move in stocks of materials companies and energy firms. A recent slip in base metals contributed to dragging down a gauge of miners...