Daily Market Analysis by CapitalStreetFX

CSFX.Support

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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


Technical Analysis
Technical Analysis

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

EURUSD


Technical Analysis
Technical Analysis

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

AUDCHF


Technical Analysis
Technical Analysis

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

GBPCAD


Technical Analysis
Technical Analysis

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

DOW JONES


Technical Analysis
Technical Analysis

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

GOLD


Technical Analysis
Technical Analysis

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

CRUDE OIL


Technical Analysis
Technical Analysis

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

LITECOIN


Technical Analysis
Technical Analysis

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







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CSFX.Support

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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 - 19th November 2020

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


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GBP-USD-Tab-3.png


TRADE SUGGESTION- BUY AT 1.32327, TAKE PROFIT AT 1.32659 AND STOP AT 1.32100

#EURUSD

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EUR-USD-Tab-3.png

TRADE SUGGESTION- SELL AT 1.18465, TAKE PROFIT AT 1.18222 AND STOP LOSS AT 1.18793

#EURGBP
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EUR-GBP-Tab.png

TRADE SUGGESTION- SELL AT 0.89503, TAKE PROFIT AT 0.89418 AND STOP AT 0.89625

#EURJPY

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EUR-JPY-Tab.png

TRADE SUGGESTION- SELL AT 122.933, TAKE PROFIT AT 122.527 AND STOP AT 123.312

#CAC40

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TRADE SUGGESTION- BUY AT 5465.4, TAKE PROFIT AT 5511.7 AND STOP AT 5433.3

#GOLD

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Gold-TAB-3.png

TRADE SUGGESTION- SELL AT 1863 TAKE PROFIT AT 1857 AND STOP AT 1875

#CRUDE OIL

CRUDE-1-1024x463.gif

Crude-Oil-TAB.png

TRADE SUGGESTION- BUY AT 41.41, TAKE PROFIT AT 42.14 AND STOP AT 41.23

#LITECOIN

LITECOIN-1024x469.gif

LITECOIN-TAB.png

TRADE SUGGESTION- SELL AT 69.70 TAKE PROFIT AT 68.29 AND STOP AT 71.25

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CSFX.Support

Established member
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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

GBP-USD-8-1024x467.gif

GBP-USD-TB-1.png

TRADE SUGGESTION- BUY AT 1.33902, TAKE PROFIT AT 1.34150 AND STOP AT 1.33279

#EURUSD
EUR-USD-8-1024x467.gif
EUR-USD-TB.png
TRADE SUGGESTION- BUY AT 1.19329, TAKE PROFIT AT 1.19635 AND STOP LOSS AT 1.18952
#GBPCAD
GBP-CAD-1-1024x467.gif
GBP-CAD-TB.png

TRADE SUGGESTION- BUY AT 1.74070, TAKE PROFIT AT 1.74352 AND STOP AT 1.73849

#GBPAUD
GBP-AUD-1024x467.gif
GBP-AUD-TB.png
TRADE SUGGESTION- SELL AT 1.81783, TAKE PROFIT AT 1.81116 AND STOP AT 1.82344
#HANG SENG
HANG-SENG-1-1024x464.gif
HANG-SENG-TB.png

TRADE SUGGESTION- BUY AT 26723, TAKE PROFIT AT 26855 AND STOP AT 26524

#GOLD
GOLD-9-1024x467.gif
GOLD-TB.png

TRADE SUGGESTION- BUY AT 1811 TAKE PROFIT AT 1848 AND STOP AT 1801

#CRUDE OIL
CRUDE-6-1024x463.gif
CRUDE-TB.png

TRADE SUGGESTION- SELL AT 45.6, TAKE PROFIT AT 44.68 AND STOP AT 46.43


#LITECOIN
LITECOIN-2-1024x469.gif
LITCOIN-TB.png

TRADE SUGGESTION- SELL AT 72.03 TAKE PROFIT AT 67.10 AND STOP AT 75.71

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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.
 

CSFX.Support

Established member
884 0
Technical Analysis Report on 04 December 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


Technical Analysis
Technical Analysis

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

EURUSD


Technical Analysis
Technical Analysis

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

USDNOK


Technical Analysis
Technical Analysis

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

AUDJPY


Technical Analysis
Technical Analysis

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

DAX 30


Technical Analysis
Technical Analysis

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

GOLD


Technical Analysis
Technical Analysis

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

CRUDE OIL


Technical Analysis
Technical Analysis

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

ETHEREUM


Technical Analysis
Technical Analysis

TRADE SUGGESTION- SELL AT 440.17 TAKE PROFIT AT 432.09 AND STOP AT 456.9
 

CSFX.Support

Established member
884 0
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

Technical Analysis

In Gold is currently in downward trend.
SILVER
Technical Analysis

SILVER is currently in downward trend until the resistance is broken.
BRENT CRUDE OIL
Technical Analysis

BRENT CRUDE OIL is currently in up trend.
TOP CRYPTO IN THE COMING WEEK
BTCUSD

Technical Analysis

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
Technical Analysis

ETHEREUM might cool down for some time due to heavy volatility in last few days.
TOP CURRENCY IN THE COMING WEEK
EURUSD

Technical Analysis

EURUSD is in uptrend, it might retest 1.19147 level.
EURJPY
Technical Analysis

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

USDMXN is currently in downward trend.
USDZAR
Technical Analysis

USDZAR is in down trend the trend will continue until there is breakout.
TOP INDEX IN THE COMING WEEK
NASDAQ 100

Technical Analysis

NASDAQ 100 INDEX currently in upward trend until it breaks its important support at 12411.
CAC 40
Technical Analysis

DAX 30 is in uptrend
NIKKEI 225
Technical Analysis

NIKKEI 225 INDEX is in uptrend.
DATA WATCH
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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CSFX.Support

Established member
884 0
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:
Technical Analysis Report on 8 December 2020
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 Analysis
 
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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 in down 0.25% at 5545.9 and the UK 100 futures contract in the U.K. up 0.08% at 6,558.8.

In 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 Asia 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 ANALYSIS
 

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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
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

Technical Analysis

Technical Analysis

TRADE SUGGESTION- BUY AT 1.22181, TAKE PROFIT AT 1.22480 AND STOP AT 1.21777
GBPJPY

Technical Analysis

Technical Analysis

TRADE SUGGESTION- SELL AT 138.630, TAKE PROFIT AT 138.336 AND STOP LOSS AT 138.864
NZDUSD

Technical Analysis

Technical Analysis

TRADE SUGGESTION- SELL AT 0.70521, TAKE PROFIT AT 0.70291 AND STOP LOSS AT 0.70720
EURAUD

Technical Analysis

Technical Analysis

TRADE SUGGESTION- BUY AT 1.6187, TAKE PROFIT AT 1.6213 AND STOP AT 1.6138
FTSE 100

Technical Analysis

Technical Analysis

TRADE SUGGESTION- SELL AT 6347.4 TAKE PROFIT AT 6317.6 AND STOP AT 6373.8
BRENT CRUDE OIL

Technical Analysis

Technical Analysis

TRADE SUGGESTION- SELL AT 50.12 TAKE PROFIT AT 49.60 AND STOP AT 50.92
CRUDE OIL

Technical Analysis

Technical Analysis

TRADE SUGGESTION- SELL AT 47.00, TAKE PROFIT AT 46.60 AND STOP AT 47.68
ETHEREUM

Technical Analysis

Technical Analysis

TRADE SUGGESTION- SELL AT 593.94 TAKE PROFIT AT 574.16 AND STOP AT 604
 

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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 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

Technical Analysis

Technical Analysis

TRADE SUGGESTION- SELL AT 103.607, TAKE PROFIT AT 103.501 AND STOP AT 103.741
EURUSD

Technical Analysis

Technical Analysis

TRADE SUGGESTION- SELL AT 1.21636, TAKE PROFIT AT 1.21412 AND STOP LOSS AT 1.21865
USDMXN

Technical Analysis

Technical Analysis

TRADE SUGGESTION- SELL AT 19.81267, TAKE PROFIT AT 19.69150 AND STOP LOSS AT 19.89145
CADCHF

Technical Analysis

Technical Analysis

TRADE SUGGESTION- BUY AT 0.69805, TAKE PROFIT AT 0.69936 AND STOP AT 0.69708
FTSE 100

Technical Analysis

Technical Analysis

TRADE SUGGESTION- BUY AT 6732.6 TAKE PROFIT AT 6770.4 AND STOP AT 6700
CRUDE OIL

Technical Analysis

Technical Analysis

TRADE SUGGESTION- SELL AT 52.48 TAKE PROFIT AT 51.64 AND STOP AT 53.28
GOLD

Technical Analysis

Technical Analysis

TRADE SUGGESTION- SELL AT 1861.32, TAKE PROFIT AT 1855.14 AND STOP AT 1872.70
LITECOIN USD

Technical Analysis

Technical Analysis

TRADE SUGGESTION- SELL AT 135.52 TAKE PROFIT AT 132.38 AND STOP AT 138.82
 

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Top 5 Market News of the day that Can't be missed
#24thJanuary2021


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CSFX.Support

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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 Market Report as on 8th February 2021

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

GBPUSD Technical Analysis

GBPUSD Technical Analysis

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

USDJPY Technical Analysis

USDJPY Technical Analysis

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

EURGBP Technical Analysis

EURGBP Technical Analysis

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

AUDUSD Technical Analysis

AUDUSD Technical Analysis

TRADE SUGGESTION- BUY AT 0.76742, TAKE PROFIT AT 0.77019 AND STOP LOSS AT 0.76587
DJ EURO STOXX 50

DJ EURO STOXX 50 Technical Analysis

DJ EURO STOXX 50 Technical Analysis

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

WTI CRUDE OIL Technical Analysis

WTI CRUDE OIL Technical Analysis

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

GOLD Technical Analysis

GOLD Technical Analysis

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

BTCUSD Technical Analysis

BTCUSD Technical Analysis

TRADE SUGGESTION- BUY AT 39002.47 TAKE PROFIT AT 39589.83 AND STOP AT 38657.97
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The report presents a summary of all upcoming and recent fundamental events, and technical analysis for the major markets.
Daily Market Report as on 10th February 2021

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

GBPUSD Technical Analysis

GBPUSD Technical Analysis

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

EURUSD Technical Analysis

EURUSD Technical Analysis

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

EURGBP Technical Analysis

EURGBP Technical Analysis

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

AUDUSD Technical Analysis

AUDUSD Technical Analysis

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

S&P 500 Technical Analysis

S&P 500 Technical Analysis

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

WTI CRUDE OIL Technical Analysis

WTI CRUDE OIL Technical Analysis

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

GOLD Technical Analysis

GOLD Technical Analysis

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

LITECOIN USD Technical Analysis

LITECOIN USD Technical Analysis

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

Established member
884 0
Daily Market Report as on 18th February 2021

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

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

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

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

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

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

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

TOP STOCKS TO WATCH OUT TODAY:

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

Economic news:

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

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

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

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

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

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

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

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

TECHNICAL SUMMARY
 

CSFX.Support

Established member
884 0
Daily Market Report as of 19th February 2021
Asian stocks pulled back from all-time peaks on Friday. The Shanghai composite is up 0.30% at 3,686.31. Overall, the Singapore MSCI down 0.86% at 330.05. Over in Hong Kong, the Hang Seng Index down 0.03% to 30,431. In Japan, the Nikkei 225 down 0.89% at 29,960, while the Topix index is down 0.93% at 1926.0. South Korea’s Kospi up 0.57% to 3104.49. Australia S&P/ASX 200 down 1.34% at 6793.8.

European equities Thursday closing. The DAX futures contract in Germany traded 0.16% down at 13886.93, CAC 40 futures down 0.65% at 5728.3 and the UK 100 futures contract in the U.K. down 1.40% at 6,617.2.

In U.S. on Wall Street, the Dow Jones Industrial Average closed 0.38% down at 31493.3 the S&P 500 down 0.44% to 3914.0 and the Nasdaq 100 down 0.16% at 13622.2, NYSE closes at 15290.63 down 0.73%.

In the Forex market, GBPUSD up 0.03% at 1.39743. The USDJPY down 0.12% at 105.54. The USDCHF up 0.04% at 0.89611. EURUSD up 0.06% at 1.20966, EUR/GBP up 0.09% at 0.86561. The USD/CNY down 0.17% at 6.4679, at the time of writing.

In the commodity market U.S Gold futures down 0.05% at $1,774.10. Elsewhere, Silver futures down 0.41% to $26.891 per ounce, Platinum down 0.80% at $1262.85 per ounce, and Palladium down 0.04% to $2,355.0.

Crude Oil down on Friday; Brent crude oil down 0.38% to $63.35 barrel while U.S. West Texas Intermediate (CLc1) is down 0.29% at $58.46.

In the Cryptocurrency Markets, BTCUSD at 51657.94 up 0.15%, Ethereum at 1915.84 down 1.20%, Litecoin at 226.98 up 0.08%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY:

Kellogg Co up 2.585% at $59.53, KRAFT HEINZ Co. up 5.24% at $38.96, WALMART Inc down 6.481% to $137.66, APACHE Corp. down 5.672% to $17.63, MICRON TECHNOLOGY down 2.888% to $88.535, MODERNA Inc. down 4.068% at $169.57.

Economic news:

US: The United States will keep tariffs imposed on Chinese goods by the former Trump administration in place for now, but will evaluate how to proceed after a thorough review, Treasury Secretary Janet Yellen told CNBC on Thursday.

“For the moment, we have kept the tariffs in place that were put in by the Trump administration … and we’ll evaluate going forward what we think is appropriate,” Yellen told the cable news network, adding that Washington expected Beijing to adhere to its commitments on trade.

Asked if tariffs worked, Yellen hesitated, then said, “We’ll look at that.”

The White House last month said it would review all national security measures put in place by former President Donald Trump, including an interim trade deal with Beijing.

The deal eased tensions between the world’s two largest economies after a damaging trade war that U.S. experts estimate led to a peak loss of 245,000 U.S. jobs, but most of the tariffs remain in place on both sides.

Eurozone: The British state must take a bigger role in supporting businesses and the public, just as it did in the aftermath of World War Two, Labour Party leader Keir Starmer said on Thursday.

Starmer, who took over as leader of the main opposition party to Prime Minister Boris Johnson’s Conservatives in 2020, set out his alternative vision for the country’s post-Brexit and post-COVID future.

“I believe there’s a mood in the air which we don’t detect often in Britain. It was there in 1945 after the sacrifice of war, and it’s there again now,” he said. “It’s the determination that our collective sacrifice must lead to a better future.”

He proposed the creation of a “recovery bond” to allow the public to put their household savings into directly funding projects via the state-run National Infrastructure Bank.

Important Data: UK Retail Sales (MoM) (Jan) today at 2:0 this time estimated -2.5%, previously which was 0.3%. German Manufacturing PMI (Feb) today at 3:30 this time estimated 56.5, previously which was 57.1. UK Manufacturing PMI today at 4:30 previously which was 54.1. Core Retail Sales (MoM) (Dec) today at 8:30 this time estimated -2.0%, previously which was 2.1%.

TECHNICAL SUMMARY
 

CSFX.Support

Established member
884 0
Daily Market Report as of 23th February 2021
U.S. Futures pointed to another negative day for stock markets on Tuesday as a sell-off continues worldwide.

The S&P 500 futures fell over 14 points or 0.54% to 2,593.75 as of 6:50 AM ET (11:50 GMT) while Dow futures decreased 225 points or 0.94% to 23,713.0. Meanwhile, tech heavy Nasdaq 100 futures was down over 39 points or 0.61% to 6,390.0.

The Dow lost over a 1,000 points at the close on Monday, as inflation concerns pushed stocks down. The negative movements started on Friday after a report showed that U.S. wages increased at its fastest pace in eight and a half year.

Asian shares reversed their earlier gains on Wednesday as investors dumped U.S. stock futures for safer harbors, a sign market participants remain jittery after this week’s global markets rout.

While most analysts believed this week’s distressed selling looks to have run its course for the moment, allowing volatility to abate a little, the prospect of monetary tightening across the globe remains a challenge for the long term.

Japan’s Nikkei eased, but was still up 0.2 percent. Chinese blue chips and South Korea’s KOSPI index dropped more than 2 percent. Hong Kong’s Hang Seng dropped 1.09Australia’s S&P/ASX 200 gained 0.75 percent.

Gold was off a touch at $1,3332.70 an ounce gained 0.24 percent on Wednesday. Silver earned 0.45% to $16.665 an ounce. Copper price was slipped by 0.19% to $3.183 a pound. U.S. cotton is 0.54% higher at $76.60 while sugar lost 0.65% to $13.82.

Oil prices rose on Wednesday, lifted by a report that U.S. crude inventories fell last week, although analysts warned that soaring U.S. output and a seasonal demand drop could soon weigh on crude.

Brent crude futures were at $67.44 per barrel at 0751 GMT, up 58 cents, or 0.9 percent, from the previous close. U.S. West Texas Intermediate (WTI) crude futures were at $63.88 a barrel. That was up 49 cents, or 0.8 percent, from their last settlement.

Bitcoin is trading at 7727.1, 24.85% higher on the Bitfinex exchange, from its previous close.

Ethereum was last trading at $781.18, up 31.36% on the Bitfinex exchange on Wednesday. Ripple’s XRP token was 29.78% higher on the Poloniex exchange, for the day. Litecoin was trading at $145.76, up by 36.81%.

Technicals
 
 
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