Daily Market Analysis by CapitalStreetFX

CSFX.Support

Experienced member
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TECHNICAL ANALYSIS REPORT TODAY – 25 AUGUST 2021

Asian shares held onto their recent gains on Wednesday. The Shanghai composite is up 0.41% at 3,528.82. Overall, the Singapore MSCI up 0.21% at 357.75. Over in Hong Kong, the Hang Seng Index up 0.07% at 25,655. In Japan, the Nikkei 225 flat at 27,740, while the Topix index is up 0.03% at 1936.0. South Korea’s Kospi up 0.18% to 3144.07. Australia S&P/ASX 200 up 0.22% at 7519.6.
European equities Tuesday closing. The DAX futures contract in Germany traded up 0.33% at 15905.85, CAC 40 futures down 0.28% at 6664.32 and the UK 100 futures contract in the U.K. up 0.24% at 7,125.79.
In U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.09% at 35366.27. The S&P 500 up 0.15% to 4486.22 and the Nasdaq 100 flat at 15367.40, NYSE closes at 16741.16 up 0.56%.
In the Forex market, GBPUSD down 0.07% at 1.37176. The USDJPY up 0.10% at 109.731. The USDCHF up 0.18% at 0.91417. EURUSD down 0.10% at 1.1742, EUR/GBP flat at 0.85596. The USD/CNY up 0.08% at 6.4759, at the time of writing.
In the commodity market U.S. Gold futures down 0.35% at $1,795.61. Elsewhere, Silver futures down 0.39% to $23.720 per ounce, Platinum down 1.68% at $994.50 per ounce, and Palladium down 1.68% at $2,431.50.
Crude Oil mix on Wednesday; Brent crude oil down 0.20% at $71.00 per barrel while U.S. West Texas Intermediate (CLc1) is up 0.26% at $68.75.
In the Cryptocurrency Markets, BTCUSD at 48404.57 up 1.41%, Ethereum at 3208.23 up 1.02%, Litecoin at 177.60 up 2.25%, at the time of writing.
TOP STOCKS TO WATCH OUT TODAY:
Booking Holdings Inc. up 4.482% at $2233.11, Carnival Corp. up 4.424% at $23.84,
Nov Inc. up 4.372% to $13.13, Moderna Inc. down 4.115 to $394.94, Pfizer Inc. down 3.104% to $48.38, Kroger Co. down 2.118% at $45.75.
Economic news:
US: The Biden administration said on Tuesday it would take steps to restart the federal oil and gas leasing program in the next week and plans to hold a Gulf of Mexico auction as soon as October, court papers showed.
The move comes two months after the U.S Interior Department first said it would comply with a June 15 federal judge’s order blocking its months-long pause in oil and gas leasing on federal lands and waters.
That order was a blow to a key White House effort to address climate change by reining in fossil fuel extraction.
U.S. President Joe Biden paused the oil and gas leasing program in January, pending an analysis of its impacts on the environment and value to taxpayers. Interior said in a statement that it is still conducting that review.
The filing to a Louisiana federal district court on Tuesday was in response to a motion by the state of Louisiana and 12 other states from earlier this month that sought to compel Interior to restart the leasing program and to show why it should not be held in contempt for failing to comply with the order issued weeks earlier.
Eurozone: The number of homes sold in the United Kingdom fell by more than half last month after the scaling-back of a tax break designed to encourage home purchases during the coronavirus crisis, official data showed on Tuesday.
Britain’s tax office said 73,740 homes were sold in July on a seasonally adjusted basis – 63% fewer than in June when buyers had rushed to complete sales before a COVID emergency tax break was reduced – although 4% more than in July 2020.
Sales were down 24% compared with the same month in 2019, before the pandemic.
British finance minister Rishi Sunak last year temporarily scrapped the stamp duty tax on the first 500,000 pounds ($685,550) of property purchases in England and Northern Ireland.
That full exemption expired at the end of June but buyers in England and Northern Ireland will benefit from a 250,000 pound exemption until the end of September.
Important Data: US Core Durable Goods Orders (MoM) (Jul) today at 8:30 this time estimated 0.5%, previously which was 0.3%. US Crude Oil Inventories today at 10:30 this time estimated -2.683M, previously which was -3.234M. AUSTRALIA Private New Capital Expenditure (QoQ) (Q2) today at 21:30 this time estimated 2.5%, previously which was 6.3%. JAPAN Foreign Bonds Buying today at 19:50 previously which was 661.8B.
TECHNICAL SUMMARY
GBPUSD

Technical Analysis

Technical Analysis

TRADE SUGGESTION- SELL AT 1.37101, TAKE PROFIT AT 1.37016 AND STOP LOSS AT 1.37219
EURUSD

Technical Analysis

Technical Analysis

TRADE SUGGESTION- BUY AT 1.17302, TAKE PROFIT AT 1.17522 AND STOP LOSS AT 1.17179
GBPJPY

Technical Analysis

Technical Analysis

TRADE SUGGESTION- SELL AT 150.550, TAKE PROFIT AT 150.375 AND STOP LOSS AT 150.730
CHFJPY

Technical Analysis

Technical Analysis

TRADE SUGGESTION- BUY AT 120.092, TAKE PROFIT AT 120.308 AND STOP LOSS AT 119.919
NIKKEI 225

Technical Analysis

Technical Analysis

TRADE SUGGESTION- BUY AT 27759 TAKE PROFIT AT 27900 AND STOP LOSS AT 27638
WTI CRUDE OIL

Technical Analysis

Technical Analysis

TRADE SUGGESTION- BUY AT 67.32 TAKE PROFIT AT 68.09 AND STOP LOSS AT 66.66
GOLD

Technical Analysis

Technical Analysis

TRADE SUGGESTION- BUY AT 1792.18, TAKE PROFIT AT 1806.35 AND STOP AT 1783.93
LITECOIN USD

Technical Analysis

Technical Analysis

TRADE SUGGESTION- BUY AT 176.71 TAKE PROFIT AT 189.00 AND STOP AT 167.84

 

CSFX.Support

Experienced member
1,016 0

TECHNICAL ANALYSIS REPORT TODAY – 26 AUGUST 2021

Asian shares retreated on Thursday. The Shanghai Composite is down 0.01% at 3,517.20. Overall, the Singapore MSCI up 0.01% at 357.50. Over in Hong Kong, the Hang Seng Index down 0.06% at 25,286. In Japan, the Nikkei 225 flat at 27,710, while the Topix index is flat at 1934.0. South Korea’s Kospi down 0.01% to 3129.51. Australia S&P/ASX 200 down 0.02% at 7485.9.
European equities Wednesday closing. The DAX futures contract in Germany traded flat at 15860.66, CAC 40 futures flat at 6676.49 and the UK 100 futures contract in the U.K. up 0.08% at 7,148.14.
In U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.02% at 35407.92. The S&P 500 flat at 4496.20 and the Nasdaq 100 down 0.03% at 15339.20, NYSE closes at 16814.72 down 0.04%.
In the Forex market, GBPUSD down 0.07% at 1.37452. The USDJPY up flat at 110.001. The USDCHF up 0.07% at 0.91508. EURUSD down 0.04% at 1.1760, EUR/GBP up 0.04% at 0.85568. The USD/CNY up 0.07% at 6.4835, at the time of writing.
In the commodity market U.S. Gold futures down 0.06% at $1,785.39. Elsewhere, Silver futures up 0.04% to $23.690 per ounce, Platinum down 0.14% at $988.52 per ounce, and Palladium down 0.21% at $2,390.50.
Crude Oil up on Thursday; Brent crude oil up 0.03% at $72.06 per barrel while U.S. West Texas Intermediate (CLc1) is up 0.03% at $68.03.
In the Cryptocurrency Markets, BTCUSD at 47003.58 down 0.22%, Ethereum at flat at 3110.00, Litecoin at 170.77 up 0.07%, at the time of writing.
TOP STOCKS TO WATCH OUT TODAY:
Western Digital Corp. up 7.801% at $65.50, American Express Co. up 3.089% at $166.18, Micron Technology Inc. up 2.862% to $74.04, Gap Inc. down 5.307% to $27.48, Biogen Inc. down 1.903% to $342.75, Pfizer Inc. down 1.798% at $47.51.
Economic news:
US: Mortgage applications increased last week, as purchasing applications posted their largest increase since early July while mortgage rates edged down.
The Mortgage Bankers Association (MBA) said on Wednesday its average contract interest rate for traditional 30-year mortgages declined to 3.03% from 3.06% in the week ending Aug. 20. The seasonally adjusted market composite index tracking mortgage applications rose 1.6% from a week earlier, reflecting a 0.9% increase in applications to refinance existing loans.
Purchase applications rose 3.0%, the MBA said.
After hitting record lows late last year below 2.9%, mortgage rates climbed in the first part of this year and peaked in the spring. Rates had been drifting lower since, held down in large part by the U.S. Federal Reserve’s extraordinary stimulus measures aimed at helping the economy rebound from the coronavirus pandemic, but ticked higher last week after data showed a hiring surge last month.
Eurozone: The mood among German consumers darkened heading into September as accelerating inflation and rising COVID-19 cases made them more hesitant to buy, a survey showed on Thursday.
The GfK institute said its consumer sentiment index, based on a survey of around 2,000 Germans, dropped to -1.2 points for September, from a revised -0.4 points a month earlier. The reading compared with a Reuters forecast for -0.7.
“Prices have been rising rapidly since the middle of this year. This has a dampening effect on the consumer mood,” GfK consumer expert Rolf Buerkl said in a statement.
Germany’s harmonised annual consumer prices rose 3.1% in July, hitting a 13-year high and fuelling a debate about whether the increase in the cost of living will persist.
An increase in coronavirus infections and a slower pace of vaccinations have also hit consumers’ expectations for the economy and affected their propensity to buy, Buerkl added.
Important Data: US GDP (QoQ) (Q2) today at 8:30 this time estimated 6.7%, previously which was 6.5%. US Initial Jobless Claims today at 8:30 this time estimated 350K, previously which was 348K. AUSTRALIA Retail Sales (MoM) (Jul) today at 21:30 this time estimated -2.3%, previously which was -1.8%. JAPAN Tokyo Core CPI (YoY) (Aug) today at 19:30 this time estimated -0.2%, previously which was -0.3%.
TECHNICAL SUMMARY
GBPUSD

Technical Analysis

Technical Analysis

TRADE SUGGESTION- SELL AT 1.37380, TAKE PROFIT AT 1.37154 AND STOP LOSS AT 1.37675
EURUSD

Technical Analysis

Technical Analysis

TRADE SUGGESTION- BUY AT 1.17582, TAKE PROFIT AT 1.17889 AND STOP LOSS AT 1.17369
USDJPY

Technical Analysis

Technical Analysis

TRADE SUGGESTION- BUY AT 110.116, TAKE PROFIT AT 110.332 AND STOP LOSS AT 109.896
USDCHF

Technical Analysis

Technical Analysis

TRADE SUGGESTION- BUY AT 0.91636, TAKE PROFIT AT 0.91852 AND STOP LOSS AT 0.91408
S&P 500

Technical Analysis

Technical Analysis

TRADE SUGGESTION- BUY AT 4484.44 TAKE PROFIT AT 4500.14 AND STOP LOSS AT 4466.92
WTI CRUDE OIL

Technical Analysis

Technical Analysis

TRADE SUGGESTION- BUY AT 67.65 TAKE PROFIT AT 68.44 AND STOP LOSS AT 66.92
GOLD

Technical Analysis

Technical Analysis

TRADE SUGGESTION- SELL AT 1786.56, TAKE PROFIT AT 1775.80 AND STOP AT 1793.37
ETHEREUM

Technical Analysis

Technical Analysis

TRADE SUGGESTION- SELL AT 3114.14 TAKE PROFIT AT 3042.31 AND STOP AT 3185.70

 

CSFX.Support

Experienced member
1,016 0

TECHNICAL ANALYSIS REPORT TODAY – 30 AUGUST 2021

Asia Pacific stocks were mostly up on Monday morning. The Shanghai composite is down 0.11% at 3,518.17. Overall, the Singapore MSCI up 0.89% at 357.00. Over in Hong Kong, the Hang Seng Index down 0.27% at 25,298. In Japan, the Nikkei 225 up 0.47% at 27,770, while the Topix index is up 0.96% at 1948.5. South Korea’s Kospi up 0.37% to 3145.34. Australia S&P/ASX 200 up 0.30% at 7510.4.
European equities Friday closing. The DAX futures contract in Germany traded up 0.37% at 15851.75, CAC 40 futures up 0.24% at 6681.91 and the UK 100 futures contract in the U.K. up 0.32% at 7,148.02.
In U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.69% at 35455.81. The S&P 500 up 0.88% at 4509.38 and the Nasdaq 100 up 0.05% at 15440.7, NYSE closes at 16844.74 up 0.90%.
In the Forex market, GBPUSD up 0.11% at 1.37720. The USDJPY up down 0.03% at 109.766. The USDCHF up 0.08% at 0.91167. EURUSD up 0.04% at 1.18011, EUR/GBP up 0.03% at 0.85681. The USD/CNY down 0.04% at 6.4688, at the time of writing.
In the commodity market U.S. Gold futures down 0.11% at $1,814.45. Elsewhere, Silver futures down 0.02% to $23.986 per ounce, Platinum down 0.27% at $1009.50 per ounce, and Palladium down 0.06% at $2,417.00.
Crude Oil up on Monday; Brent crude oil up 0.17% at $72.70 per barrel while U.S. West Texas Intermediate (CLc1) is up 1.86% at $69.06.
In the Cryptocurrency Markets, BTCUSD at 47878.14 down 1.89%, Ethereum at down 1.92% at 3164.34, Litecoin at 171.51 down 1.70%, at the time of writing.
TOP STOCKS TO WATCH OUT TODAY:
Nov Inc. up 4.904% at $13.69, Teradyne Inc. up 4.643% at $122.60, Marathon Oil Corp. up 4.254% to $12.01, Moderna Inc. down 4.517% to $382.22, Autozone Inc. down 2.543% to $1548.49, Pfizer Inc. down 1.646% at $46.60.
Economic news:
US: The dollar loitered around multi-week lows on Monday in the wake of Federal Reserve Chair Jerome Powell laying out a slower-than-expected path to rate hikes, as traders’ focus shifted to U.S. jobs figures due on Friday for clues on a tapering timeline.
A storm lashing oilfield in the Gulf of Mexico also lent support to crude prices and to oil-exposed currencies, helping the Norwegian crown drift to a seven-week peak.
The euro touched its highest since early August during Asia trade, at $1.1810, and the yen rose to its strongest since last Wednesday at 109.70 per dollar.
A holiday in Britain on Monday was expected to limit further moves in the London session.
The greenback has fallen since Powell said on Friday that tapering could begin this year but that it wouldn’t directly signal higher rates, as hiking would need the economy to pass a substantially more stringent test.
Eurozone: French consumers were only marginally less confident about their economic prospects in August despite a surge in coronavirus cases and new rules requiring a health pass to enter many retail outlets, a monthly survey showed on Friday.
The INSEE official statistics agency said its monthly consumer confidence index fell to 99 from 100 in July, just short of the average expectation for 100 in a Reuters poll of 10 economists.
The index had peaked at 102 in June – the highest since the pandemic started – as vaccination rates picked up and coronavirus restrictions were eased.
But with France now facing its fourth coronavirus wave as the Delta variant spreads, the government began requiring people earlier this month to show proof of vaccination to enter cafes, restaurants, trains and big shopping malls.
Important Data: US Pending Home Sales (MoM) (Jul) today at 10:00 this time estimated 0.4%, previously which was -1.9%. RUSSIA GDP Quarterly (YoY) (Q2) today at 14:00 previously which was 10.3%. JAPAN Jobs/applications ratio (Jul) today at 19:30 this time estimated 1.12, previously which was 1.13. AUSTRALIA Private Sector Credit (MoM) (Jul) today at 21:30 previously which was 0.9%.
TECHNICAL SUMMARY
GBPUSD

Technical Analysis

Technical Analysis

TRADE SUGGESTION- SELL AT 1.37607, TAKE PROFIT AT 1.37364 AND STOP LOSS AT 1.37839
EURUSD

Technical Analysis

Technical Analysis

TRADE SUGGESTION- BUY AT 1.17937, TAKE PROFIT AT 1.18191 AND STOP LOSS AT 1.17752
EURGBP

Technical Analysis

Technical Analysis

TRADE SUGGESTION- BUY AT 0.85669, TAKE PROFIT AT 0.85874 AND STOP LOSS AT 0.85549
EURJPY

Technical Analysis

Technical Analysis

TRADE SUGGESTION- BUY AT 129.524, TAKE PROFIT AT 129.741 AND STOP LOSS AT 129.368
NASDAQ 100

Technical Analysis

Technical Analysis

TRADE SUGGESTION- BUY AT 15441.49 TAKE PROFIT AT 15454.99 AND STOP LOSS AT 15389.01
WTI CRUDE OIL

Technical Analysis

Technical Analysis

TRADE SUGGESTION- BUY AT 68.19 TAKE PROFIT AT 68.78 AND STOP LOSS AT 67.72
GOLD

Technical Analysis

Technical Analysis

TRADE SUGGESTION- BUY AT 1813.70, TAKE PROFIT AT 1824.16 AND STOP AT 1806.27
BTCUSD

Technical Analysis

Technical Analysis

TRADE SUGGESTION- BUY AT 47916.09 TAKE PROFIT AT 49292.10 AND STOP AT 47001.13

 

CSFX.Support

Experienced member
1,016 0

TECHNICAL ANALYSIS REPORT TODAY – 31 AUGUST 2021

Asia Pacific stocks were mostly up on Tuesday morning. The Shanghai composite is up 0.23% at 3,535.62. Overall, the Singapore MSCI down 0.89% at 352.55. Over in Hong Kong, the Hang Seng Index up 0.62% at 25,579. In Japan, the Nikkei 225 up 1.59% at 28,180, while the Topix index is up 0.98% at 1964.5. South Korea’s Kospi up 1.75% to 3199.27. Australia S&P/ASX 200 up 0.41% at 7534.9.
European equities Monday closing. The DAX futures contract in Germany traded up 0.22% at 15887.31, CAC 40 futures up 0.08% at 6687.31 and the UK 100 futures contract in the U.K. up 0.32% at 7,148.02.
In U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.16% at 35399.85. The S&P 500 up 0.43% at 4528.80 and the Nasdaq 100 up 0.40% at 15640.7, NYSE closes at 16819.62 down 0.15%.
In the Forex market, GBPUSD up 0.25% at 1.37909. The USDJPY down 0.05% at 109.865. The USDCHF down 0.13% at 0.91523. EURUSD up 0.27% at 1.18278, EUR/GBP up 0.04% at 0.85737. The USD/CNY down 0.08% at 6.4614, at the time of writing.
In the commodity market U.S. Gold futures up 0.35% at $1,815.98. Elsewhere, Silver futures up 0.58% to $24.134 per ounce, Platinum up 0.43% at $1012.31 per ounce, and Palladium down 0.12% at $2,490.00.
Crude Oil mix on Tuesday; Brent crude oil down 0.25% at $73.20 per barrel while U.S. West Texas Intermediate (CLc1) is up 0.61% at $69.48.
In the Cryptocurrency Markets, BTCUSD at 46997.47 down 0.01%, Ethereum at up 0.39% at 3238.95, Litecoin at 168.58 up 0.74%, at the time of writing.
TOP STOCKS TO WATCH OUT TODAY:
ETSY Inc. up 3.474% at $217.71, Apple Inc. up 3.042% at $153.12, HP Inc. up 2.835% to $29.74, Tesla Inc. up 2.667% to $730.91, NetEase Inc. down 3.385% to $89.62, Moderna Inc. down 3.017% at $370.69.
Economic news:
US: Cleveland Federal Reserve Bank President Loretta Mester said on Monday that the U.S. economy is recovering strongly but she is not yet convinced that recent inflation readings will be enough to satisfy the price stability goal the U.S. central bank revamped a year ago.
The policymaker said there were upside risks to inflation and that officials need to pay close attention to price changes, but that she expects some inflation metrics will come down after some of the supply chain disruptions caused by the pandemic are resolved.
“I’d like to see a little more data before I can arrive and conclude that…we’re at 2% and on the way above 2% for some time,” Mester said during an interview with Reuters on Monday.
Mester’s remarks highlight the growing tension among Fed policymakers as they approach a turning point in their policy without broad agreement on some of the key metrics that define their goals.
Eurozone: The European Commission told the Czech Republic on Monday it would halt the payment of some EU subsidies until the country tightens its laws to guard against conflicts of interest.
The EU executive concluded in an audit released in April that Prime Minister Andrej Babis was in a conflict of interest as final owner of a business empire, mainly under the Agrofert group of companies, that receives EU funding.
Babis has repeatedly insisted he has not broken any laws, having moved his business holdings into two trust funds.
But on Monday, the Commission said it would not reimburse any spending on EU projects claimed by companies held by trust funds for now.
“As long as all the recommendations formulated in the (audit) report are not carried out, we are advising the Czech authorities not to declare expenses that are due for companies whose beneficial owners are trust funds. It’s a warning,” the Commission said.
Important Data: US CB Consumer Confidence (Aug) today at 10:00 this time estimated 124.0, previously which was 129.1. US API Weekly Crude Oil Stock today at 16:30 this time estimated -2.833M, previously which was -1.622M. AUSTRALIA GDP (QoQ) (Q2) today at 21:30 this time estimated 0.5%, previously which was 1.8%. JAPAN Capital Spending (YoY) (Q2) today at 19:50 previously which was -7.8%.
TECHNICAL SUMMARY
GBPUSD

Technical Analysis

Technical Analysis

TRADE SUGGESTION- BUY AT 1.37888, TAKE PROFIT AT 1.38164 AND STOP LOSS AT 1.37623
EURUSD

Technical Analysis

Technical Analysis

TRADE SUGGESTION- BUY AT 1.18249, TAKE PROFIT AT 1.18776 AND STOP LOSS AT 1.17991
GBPJPY

Technical Analysis

Technical Analysis

TRADE SUGGESTION- BUY AT 151.391, TAKE PROFIT AT 151.573 AND STOP LOSS AT 151.210
CHFJPY

Technical Analysis

Technical Analysis

TRADE SUGGESTION- SELL AT 119.891, TAKE PROFIT AT 119.729 AND STOP LOSS AT 120.145
EURO STOXX 50

Technical Analysis

Technical Analysis

TRADE SUGGESTION- BUY AT 4205.00 TAKE PROFIT AT 4236.00 AND STOP LOSS AT 4194.00
WTI CRUDE OIL

Technical Analysis

Technical Analysis

TRADE SUGGESTION- BUY AT 69.27 TAKE PROFIT AT 69.83 AND STOP LOSS AT 68.60
GOLD

Technical Analysis

Technical Analysis

TRADE SUGGESTION- BUY AT 1815.83, TAKE PROFIT AT 1823.82 AND STOP AT 1806.56
ETHEREUM

Technical Analysis

Technical Analysis

TRADE SUGGESTION- BUY AT 3355.63 TAKE PROFIT AT 3444.90 AND STOP AT 3280.09
 

CSFX.Support

Experienced member
1,016 0

TECHNICAL ANALYSIS REPORT TODAY – 01 SEPTEMBER 2021

Asia Pacific stocks were mixed on Wednesday morning. The Shanghai composite is up 0.52% at 3,562.43. Overall, the Singapore MSCI up 0.85% at 355.15. Over in Hong Kong, the Hang Seng Index up 0.70% at 25,939. In Japan, the Nikkei 225 up 1.03% at 28,480, while the Topix index is up 0.92% at 1983.0. South Korea’s Kospi up 0.29% to 3208.64. Australia S&P/ASX 200 down 0.21% at 7518.8.
European equities Tuesday closing. The DAX futures contract in Germany traded down 0.33% at 15835.09, CAC 40 futures down 0.11% at 6680.19 and the UK 100 futures contract in the U.K. down 0.40% at 7,119.71.
In U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.11% at 35360.74. The S&P 500 down 0.13% at 4522.69 and the Nasdaq 100 up 0.17% at 15630.5, NYSE closes at 16806.43 down 0.08%.
In the Forex market, GBPUSD down 0.03% at 1.37506. The USDJPY up 0.21% at 110.216. The USDCHF up 0.36% at 0.91830. EURUSD down 0.08% at 1.1799, EUR/GBP up 0.05% at 0.85784. The USD/CNY flat at 6.4611, at the time of writing.
In the commodity market U.S. Gold futures up 0.15% at $1,816.34. Elsewhere, Silver futures down 0.06% to $23.854 per ounce, Platinum up 0.08% at $1013.53 per ounce, and Palladium up 0.25% at $2,478.79.
Crude Oil mix on Wednesday; Brent crude oil up 0.53% at $72.06 per barrel while U.S. West Texas Intermediate (CLc1) is down 0.85% at $68.89.
In the Cryptocurrency Markets, BTCUSD at 47253.54 up 0.21%, Ethereum at up 2.37% at 3514.05, Litecoin at 172.37 up 0.50%, at the time of writing.
TOP STOCKS TO WATCH OUT TODAY:
APA Corp. up 4.394% at $19.48, Discovery Inc. up 3.555% at $28.84, Willis Towers Watson PLC. up 2.318% to $220.72, CSX Corp. down 1.722% to $32.53, Biogen Inc. down 1.6% to $338.91, DocuSign Inc. down 2.437% at $296.24.
Economic news:
US: U.S. single-family home prices in 20 key urban markets rose in June from a year earlier at the fastest pace on record, a closely watched survey showed on Tuesday.
The S&P CoreLogic Case-Shiller composite index of 20 metropolitan areas gained 19.1% through the 12 months ended in June from an upwardly revised 17.1% in the 12 months through May, marking the largest annual price increase in the survey’s two decades. A Reuters poll of economists had forecast an increase of 18.5%.
On a month-to-month basis, the 20-city composite index rose 1.8% from May, in line with estimates from economists polled by Reuters.
Among the 20 cities, Phoenix, San Diego, and Seattle reported the largest year-over-year gains in June.
A separate report from the Federal Housing Finance Agency (FHFA) on Tuesday showed its house price index rose a record 18.8% in the 12 months through June. House prices surged 17.4% in the second quarter compared to the same period in 2020.
Eurozone: The euro zone economy is growing quicker than earlier predicted and the European Central Bank will factor this into its policy decisions, ECB Vice President Luis de Guindos told a Spanish newspaper.
As borrowing costs stay extra low and the euro zone has largely avoided the worst of the pandemic’s Delta variant, several policymakers have called for a reduction in emergency bond purchases as soon as next week, in preparation for their end next March.
“The economy is performing better in 2021 than we expected, and this will be reflected in the projections that will be published in the coming days,” El Confidential quoted de Guindos as saying on Wednesday.
“We will have new projections in the coming days and will take our decisions accordingly,” de Guindos said.
On Sept. 9, the ECB will have to decide on the pace of bond purchases for the coming quarter. While de Guindos did not offer a view on the pending move, he argued that the robust recovery paves the way for the eventual withdrawal of copious support.
Important Data: UK Manufacturing PMI (Aug) today at 4:30 this time estimated 60.1, previously which was 60.4. EURO ZONE Unemployment Rate (Jul) today at 5:00 this time estimated 7.6%, previously which was 7.7%. US ADP Nonfarm Employment Change (Aug) today at 8:15 this time estimated 613K, previously which was 330K. US Crude Oil Inventories today at 10:30 this time estimated -3.088M, previously which was -2.979M.
TECHNICAL SUMMARY
GBPUSD

Technical Analysis

Technical Analysis

TRADE SUGGESTION- SELL AT 1.37452, TAKE PROFIT AT 1.37189 AND STOP LOSS AT 1.37815
EURUSD

Technical Analysis

Technical Analysis

TRADE SUGGESTION- BUY AT 1.18046, TAKE PROFIT AT 1.18207 AND STOP LOSS AT 1.17917
USDJPY

Technical Analysis

Technical Analysis

TRADE SUGGESTION- BUY AT 110.199, TAKE PROFIT AT 110.396 AND STOP LOSS AT 110.089
USDCHF

Technical Analysis

Technical Analysis

TRADE SUGGESTION- BUY AT 0.91829, TAKE PROFIT AT 0.92027 AND STOP LOSS AT 0.91681
S&P 500

Technical Analysis

Technical Analysis

TRADE SUGGESTION- BUY AT 4540.09 TAKE PROFIT AT 4550.00 AND STOP LOSS AT 4532.36
WTI CRUDE OIL

Technical Analysis

Technical Analysis

TRADE SUGGESTION- BUY AT 69.08 TAKE PROFIT AT 69.55 AND STOP LOSS AT 68.54
GOLD

Technical Analysis

Technical Analysis

TRADE SUGGESTION- BUY AT 1812.16, TAKE PROFIT AT 1818.97 AND STOP AT 1806.03
LITECOIN USD

Technical Analysis

Technical Analysis

TRADE SUGGESTION- SELL AT 172.98 TAKE PROFIT AT 164.64 AND STOP AT 180.66
 

CSFX.Support

Experienced member
1,016 0

TECHNICAL ANALYSIS REPORT TODAY – 02 SEPTEMBER 2021

Asia Pacific stocks were mixed on Thursday morning. The Shanghai composite is up 0.67% at 3,591.09. Overall, the Singapore MSCI down 0.32% at 355.15. Over in Hong Kong, the Hang Seng Index down 0.04% at 25,919. In Japan, the Nikkei 225 up 0.04% at 28,500, while the Topix index is down 0.13% at 1981.5. South Korea’s Kospi down 0.97% to 3175.85. Australia S&P/ASX 200 down 0.54% at 7486.2.
European equities Wednesday closing. The DAX futures contract in Germany traded down 0.22% at 15767.00, CAC 40 futures up 1.18% at 6758.70 and the UK 100 futures contract in the U.K. up 0.42% at 7,149.85.
In U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.14% at 35312.54. The S&P 500 up 0.03% at 4524.10 and the Nasdaq 100 up 0.03% at 15618.8, NYSE closes at 16845.98 up 0.24%.
In the Forex market, GBPUSD up 0.10% at 1.37811. The USDJPY up 0.02% at 110.002. The USDCHF up 0.07% at 0.91520. EURUSD up 0.02% at 1.1841, EUR/GBP down 0.05% at 0.85925. The USD/CNY up 0.04% at 6.4614, at the time of writing.
In the commodity market U.S. Gold futures up 0.06% at $1,814.33. Elsewhere, Silver futures up 0.12% to $24.140 per ounce, Platinum down 0.15% at $999.98 per ounce, and Palladium down 0.57% at $2,440.00.
Crude Oil up on Thursday; Brent crude oil up 0.22% at $71.44 per barrel while U.S. West Texas Intermediate (CLc1) is up 0.12% at $68.97.
In the Cryptocurrency Markets, BTCUSD at 49732.75 up 1.80%, Ethereum at down 2.10% at 3751.20, Litecoin at 183.58 up 1.43%, at the time of writing.
TOP STOCKS TO WATCH OUT TODAY:
Moderna Inc. up 3.518% at $389.94, Equinix Inc. up 3.01% at $868.84, Dexcom Inc. up 2.928% to $544.92, Marathon Oil Corp. down 4.17% to $11.26, Western Digital Corp. down 3.418% to $61.04, KLA Corp. down 1.327% at $335.45.
Economic news:
US: The U.S. House of Representatives Armed Services Committee on Wednesday backed a proposal to increase spending for the Department of defence by about $25 billion, more than the $715 billion proposed by President Joe Biden’s administration.
The vote paved the way for $740 billion budget for the Pentagon next year, since the Senate Armed Services Committee had already backed that spending level in its version of the bill.
The vote in favour of the amendment to the annual National defence Authorization Act, or NDAA, was 42-17, as more than a dozen Democrats joined every committee Republican in favour of higher spending.
Eurozone: British house prices rebounded surprisingly strongly in August, chalking up their second-biggest monthly rise in 15 years after a fall the month before when a pandemic-era tax break began to be phased out.
Mortgage lender Nationwide Building Society said British house prices rose by 2.1% month on month in August after a 0.6% fall in July, well above economists’ forecasts in a Reuters poll for a modest 0.2% increase.
Property purchases slumped in July when a year-long exemption from stamp duty for the first 500,000 pounds ($687,550) of a house purchase ended in England and Northern Ireland.
“The bounce back in August is surprising because it seemed more likely that the tapering of stamp duty relief in England at the end of June would take some of the heat out of the market,” Nationwide chief economist Robert Gardner said.
But the pick-up in prices in August suggests the importance of other factors such as a shortage of houses and demand for more spacious accommodation suited to working from home, which have pushed up prices in Britain and in other countries.
Important Data: US Initial Jobless Claims today at 8:30 this time estimated 345K, previously which was 353K. US Trade Balance (Jul) today at 8:30 this time estimated -71.00B, previously which was -75.70B. CANADA Trade Balance (Jul) today at 8:30 this time estimated 1.40B, previously which was 3.23B. RUSSIA Central Bank reserves (USD) today at 9:00 previously which was 595.6B.
TECHNICAL SUMMARY
GBPUSD

Technical Analysis

Technical Analysis

TRADE SUGGESTION- BUY AT 1.3774, TAKE PROFIT AT 1.38016 AND STOP LOSS AT 1.37505
EURUSD

Technical Analysis

Technical Analysis

TRADE SUGGESTION- BUY AT 1.18392, TAKE PROFIT AT 1.18718 AND STOP LOSS AT 1.18203
EURGBP

Technical Analysis

Technical Analysis

TRADE SUGGESTION- BUY AT 0.85942, TAKE PROFIT AT 0.86069 AND STOP LOSS AT 0.85818
EURJPY

Technical Analysis

Technical Analysis

TRADE SUGGESTION- BUY AT 130.302, TAKE PROFIT AT 130.522 AND STOP LOSS AT 130.153
FTSE 100

Technical Analysis

Technical Analysis

TRADE SUGGESTION- BUY AT 7149.20 TAKE PROFIT AT 7170.50 AND STOP LOSS AT 7135.30
WTI CRUDE OIL

Technical Analysis

Technical Analysis

TRADE SUGGESTION- BUY AT 68.54 TAKE PROFIT AT 69.28 AND STOP LOSS AT 68.13
GOLD

Technical Analysis

Technical Analysis

TRADE SUGGESTION- BUY AT 1813.56, TAKE PROFIT AT 1819.31 AND STOP AT 1806.26
BTC USD

Technical Analysis

Technical Analysis

TRADE SUGGESTION- BUY AT 50081.16 TAKE PROFIT AT 50439.90 AND STOP AT 49773.00

 

CSFX.Support

Experienced member
1,016 0

TECHNICAL ANALYSIS REPORT TODAY – 03 SEPTEMBER 2021

Asia Pacific stocks were mostly up on Friday morning even as the latest Chinese economic data disappointed. The Shanghai composite is down 0.55% at 3,577.00. Overall, the Singapore MSCI down 0.25% at 354.95. Over in Hong Kong, the Hang Seng Index down 0.74% at 25,829. In Japan, the Nikkei 225 up 2.21% at 29,100, while the Topix index is up 1.64% at 2014.5. South Korea’s Kospi up 0.84% to 3202.59. Australia S&P/ASX 200 up 0.48% at 7521.7.
European equities Thursday closing. The DAX futures contract in Germany traded up 0.10% at 15840.59, CAC 40 futures up 0.06% at 6763.09 and the UK 100 futures contract in the U.K. up 0.20% at 7,163.91.
In U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.37% at 35443.83. The S&P 500 up 0.28% at 4536.94 and the Nasdaq 100 up 0.08% at 15613.7, NYSE closes at 16926.71 up 0.48%.
In the Forex market, GBPUSD flat at 1.38302. The USDJPY up 0.11% at 110.025. The USDCHF up 0.01% at 0.91436. EURUSD flat at 1.18748, EUR/GBP up 0.05% at 0.85828. The USD/CNY up 0.05% at 6.4590 at the time of writing.
In the commodity market U.S. Gold futures up 0.22% at $1,812.99. Elsewhere, Silver futures up 0.33% to $23.950 per ounce, Platinum up 0.36% at $1002.48 per ounce, and Palladium up 0.42% at $2,419.00.
Crude Oil up on Friday; Brent crude oil up 0.47% at $73.15 per barrel while U.S. West Texas Intermediate (CLc1) is up 1.51% at $70.01.
In the Cryptocurrency Markets, BTCUSD at 49494.20 up 0.45%, Ethereum up 0.22% at 3795.06, Litecoin at 185.80 up 1.24%, at the time of writing.
TOP STOCKS TO WATCH OUT TODAY:
Marathon Oil Corp. up 4.085% at $11.72, Autodesk Inc. up 5.201% at $287.47,
Gap Inc. up 2.911% to $25.68, Visa Inc. down 2.581% to $224.18, Mastercard Inc. down 2.372% to $341.28, Fiserv Inc. down 2.121% at $115.83.
Economic news:
US: The Biden administration has no plans to release billions in Afghan gold, investments and foreign currency reserves parked in the United States that it froze after the Taliban’s takeover, despite pressure from humanitarian groups and others who say the cost may be the collapse of Afghanistan’s economy.
Much of the Afghan central bank’s $10 billion in assets are parked overseas, where they are considered a key instrument for the West to pressure the Taliban to respect women’s rights and the rule of law.
Any unfreezing of these assets may be months away, financial experts said.
Officials from the U.S. State Department, U.S. Treasury, White House National Security Council and other agencies have been in regular discussions about Afghanistan’s finances since the Taliban took over in mid-August, ahead of what the United Nations and others see as a looming humanitarian crisis.
Any decision to release the funds would likely involve top U.S. officials from several departments but will ultimately be up to President Joe Biden, the experts said.
Eurozone: Employers in Britain are still hunting for more recruits than they were just before the pandemic, according to a survey which added to signs of a tight labour market following the COVID-19 lockdowns and Brexit.
The Recruitment & Employment Confederation said on Friday that 1.66 million job advertisements were active during the week to Aug. 29, higher than the 1.55 million averages in January and February 2020 and little changed from levels earlier in August.
New job ads posted during the week stood at 193,000, also above the January-February 2020 average of 171,000.
“Demand for workers remains very high across the economy and shows no signs of weakening,” REC Chief Executive Neil Carberry said. “With businesses in the particularly squeezed food, logistics and hospitality sectors starting to gear up for Christmas, the months ahead could be difficult – even with a large number of people coming off furlough in August and September,” he said.
Britain’s unemployment rate of 4.7% in the three months to June is higher than before the crisis when it stood at just under 4% but it has defied forecasts that it would hit 10% or higher during the pandemic crisis thanks in large part to the government’s wage subsidy scheme.
Important Data: UK Composite PMI (Aug) today at 4:30 this time estimated 55.3, previously which was 59.2. UK Services PMI (Aug) today at 4:30 this time estimated 55.5, previously which was 59.6. EURO ZONE Retail Sales (MoM) (Jul) today at 5:00 this time estimated 0.1%, previously which was 1.5%. US Nonfarm Payrolls (Aug) today at 8:30 this time estimated 750K, previously which was 943K.
TECHNICAL SUMMARY
GBPUSD

Technical Analysis

Technical Analysis

TRADE SUGGESTION- BUY AT 1.38242, TAKE PROFIT AT 1.38525 AND STOP LOSS AT 1.37948
EURUSD

Technical Analysis

Technical Analysis

TRADE SUGGESTION- BUY AT 1.18744, TAKE PROFIT AT 1.18966 AND STOP LOSS AT 1.18480
GBPJPY

Technical Analysis

Technical Analysis

TRADE SUGGESTION- BUY AT 152.023, TAKE PROFIT AT 152.390 AND STOP LOSS AT 151.783
USDMXN

Technical Analysis

Technical Analysis

TRADE SUGGESTION- SELL AT 19.9620, TAKE PROFIT AT 19.8976 AND STOP LOSS AT 20.00
EURO STOXX 50

Technical Analysis

Technical Analysis

TRADE SUGGESTION- BUY AT 4219 TAKE PROFIT AT 4247 AND STOP LOSS AT 4210
WTI CRUDE OIL

Technical Analysis

Technical Analysis

TRADE SUGGESTION- BUY AT 69.84 TAKE PROFIT AT 70.52 AND STOP LOSS AT 69.18
GOLD

Technical Analysis

Technical Analysis

TRADE SUGGESTION- BUY AT 1812.71, TAKE PROFIT AT 1818.86 AND STOP AT 1806.05
ETHEREUM

Technical Analysis

Technical Analysis

TRADE SUGGESTION- BUY AT 3806.47 TAKE PROFIT AT 3830.41 AND STOP AT 3795.61

 

CSFX.Support

Experienced member
1,016 0

TECHNICAL ANALYSIS REPORT TODAY – 06 SEPTEMBER 2021

Asia Pacific stocks were mostly up on Monday morning. The Shanghai Composite is up 1.07% at 3,619.96. Overall, the Singapore MSCI is up 0.82% at 358.30. Over in Hong Kong, the Hang Seng Index is up 0.87% at 26,070. In Japan, the Nikkei 225 is up 1.75% at 29,670, while the Topix index is up 1.09% at 2040.5. South Korea’s Kospi down 0.14% to 3197.02. Australia S&P/ASX 200 down 0.40% at 7493.1.
European equities Friday closing. The DAX futures contract in Germany traded down 0.37% at 15781.20, CAC 40 futures down 1.08% at 6690.00 and the UK 100 futures contract in the U.K. up 0.13% at 7,148.20.
In U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.21% at 35369.10. The S&P 500 down 0.03% at 4535.42 and the Nasdaq 100 up 0.18% at 15683.8, NYSE closes at 16909.72 down 0.10%.
In the Forex market, GBPUSD up 0.05% at 1.38530. The USDJPY up 0.09% at 109.783. The USDCHF up 0.10% at 0.91479. EURUSD down 0.07% at 1.18699, EUR/GBP up 0.09% at 0.85687. The USD/CNY flat at 6.4531 at the time of writing.
In the commodity market U.S. Gold futures up 0.08% at $1,827.32. Elsewhere, Silver futures up 0.45% to $24.78 per ounce, Platinum up 0.10% at $1026.43 per ounce, and Palladium up 0.58% at $2,435.00.
Crude Oil down on Monday; Brent crude oil down 1.22% at $71.54 per barrel while U.S. West Texas Intermediate (CLc1) is down 0.71% at $69.51.
In the Cryptocurrency Markets, BTCUSD at 51793.25 down 0.03%, Ethereum down 0.48% at 3932.60, Litecoin at 227.52 down 2.10%, at the time of writing.
TOP STOCKS TO WATCH OUT TODAY:
Moderna Inc. up 4.788% at $416.70, ETSY Inc. up 3.227% at $220.38, NVIDIA Corp. up 1.996% to $228.43, Carnival Corp. down 4.413% to $22.96, Nov Inc. down 2.778% to $12.95, Discovery Inc. down 2.267% at $27.16.
Economic news:
US: U.S. job growth slowed more than expected in August amid a softening in demand for services and persistent worker shortages as COVID-19 infections soared, but the pace was enough to sustain the economic expansion.
Nonfarm payrolls increased by 235,000 jobs last month after surging 1.053 million in July, the Labor Department said on Friday. The unemployment rate fell to 5.2% from 5.4%. Economists polled by Reuters had forecast nonfarm payrolls increasing by 728,000 jobs and the unemployment rate falling to 5.2%.
Eurozone: Top banks in Europe continue to use tax havens to book chunks of profits, a trend that has changed little since 2014 despite country-by-country disclosures becoming mandatory, the EU Tax Observatory said in a report on Monday.
The independent research body, co-financed by the European Union, said disclosures from 36 major European banks showed they booked a total of 20 billion euros ($23.77 billion) or about 14% of total profits, in tax havens, even though few were employed there.
Profits booked by banks in tax havens work out at around 238,000 per employee, compared with 65,000 euros in non-tax havens, the report said.
“This suggests that the profits booked in tax havens are primarily shifted out of other countries where service production occurs,” it added.
Taxes have become a sensitive issue, with cash-strapped governments plugging holes in the economy due to COVID seeking to agree on a common rate for taxing Big Tech, in particular.
Important Data: UK Construction PMI (Aug) today at 4:30 this time estimated 56.9, previously which was 58.7. JAPAN Household Spending (MoM) (Jul) today at 19:30 this time estimated 1.1%, previously which was -3.2%. AUSTRALIA Building Approvals (MoM) today at 21:30 this time estimated -8.6%, previously which was -8.6%. CHINA Imports (YoY) (Aug) today at 23:00 this time estimated 26.8%, previously which was 28.1%.
TECHNICAL SUMMARY
GBPUSD

Technical Analysis

Technical Analysis

TRADE SUGGESTION- BUY AT 1.38461, TAKE PROFIT AT 1.38903 AND STOP LOSS AT 1.38107
EURUSD

Technical Analysis

Technical Analysis

TRADE SUGGESTION- BUY AT 1.18702, TAKE PROFIT AT 1.18906 AND STOP LOSS AT 1.18471
USDJPY

Technical Analysis

Technical Analysis

TRADE SUGGESTION- SELL AT 109.78, TAKE PROFIT AT 109.66 AND STOP LOSS AT 109.91
USDCHF

Technical Analysis

Technical Analysis

TRADE SUGGESTION- SELL AT 0.91467, TAKE PROFIT AT 0.91317 AND STOP LOSS AT 0.91622
CAC 40

Technical Analysis

Technical Analysis

TRADE SUGGESTION- SELL AT 6707.3 TAKE PROFIT AT 6654.7 AND STOP LOSS AT 6743.5
WTI CRUDE OIL

Technical Analysis

Technical Analysis

TRADE SUGGESTION- SELL AT 68.33 TAKE PROFIT AT 67.70 AND STOP LOSS AT 69.24
GOLD

Technical Analysis

Technical Analysis

TRADE SUGGESTION- BUY AT 1826.58, TAKE PROFIT AT 1833.50 AND STOP AT 1819.39
BTCUSD

Technical Analysis

Technical Analysis

TRADE SUGGESTION- BUY AT 51826.04 TAKE PROFIT AT 52969.19 AND STOP AT 50961.32

 

CSFX.Support

Experienced member
1,016 0

TECHNICAL ANALYSIS REPORT TODAY – 07 SEPTEMBER 2021

Asia Pacific stocks were mostly down on Tuesday morning. The Shanghai composite is up 1.47% at 3,675.30. Overall, the Singapore MSCI down 0.54% at 358.45. Over in Hong Kong, the Hang Seng Index up 0.99% at 26,335. In Japan, the Nikkei 225 up 0.61% at 29,930, while the Topix index is up 0.95% at 2064.5. South Korea’s Kospi down 0.47% to 3188.25. Australia S&P/ASX 200 down 0.06% at 7524.2.
European equities Monday closing. The DAX futures contract in Germany traded up 0.96% at 15932.12, CAC 40 futures up 0.80% at 6743.51 and the UK 100 futures contract in the U.K. up 0.68% at 7,187.19.
In U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.21% at 35369.10. The S&P 500 down 0.03% at 4535.42 and the Nasdaq 100 up 0.18% at 15683.8, NYSE closes at 16909.72 down 0.10%.
In the Forex market, GBPUSD down 0.04% at 1.38243. The USDJPY up 0.08% at 109.897. The USDCHF up 0.08% at 0.91537. EURUSD down 0.01% at 1.18667, EUR/GBP up 0.12% at 0.85831. The USD/CNY down 0.10% at 6.4572 at the time of writing.
In the commodity market U.S. Gold futures down 0.37% at $1,816.26. Elsewhere, Silver futures down 0.60% to $24.527 per ounce, Platinum down 0.46% at $1018.00 per ounce, and Palladium down 0.22% at $2,405.83.
Crude Oil mix on Tuesday; Brent crude oil up 0.69% at $72.58 per barrel while U.S. West Texas Intermediate (CLc1) is down 0.71% at $69.51.
In the Cryptocurrency Markets, BTCUSD at 52540.00 down 0.32%, Ethereum down 0.40% at 3912.52, Litecoin at 219.14 down 0.20%, at the time of writing.
TOP STOCKS TO WATCH OUT TODAY:
Moderna Inc. up 4.788% at $416.70, ETSY Inc. up 3.227% at $220.38, NVIDIA Corp. up 1.996% to $228.43, Carnival Corp. down 4.413% to $22.96, Nov Inc. down 2.778% to $12.95, Discovery Inc. down 2.267% at $27.16.
Economic news:
US: U.S. job growth slowed more than expected in August amid a softening in demand for services and persistent worker shortages as COVID-19 infections soared, but the pace was enough to sustain the economic expansion.
Nonfarm payrolls increased by 235,000 jobs last month after surging 1.053 million in July, the Labor Department said on Friday. The unemployment rate fell to 5.2% from 5.4%. Economists polled by Reuters had forecast nonfarm payrolls increasing by 728,000 jobs and the unemployment rate falling to 5.2%.
Eurozone: German industrial output rose more than expected in July after three monthly drops, data showed on Tuesday, in a sign that factories are slowly overcoming supply bottlenecks which have been holding back a recovery in Europe’s biggest economy.
The Federal Statistics Office said industrial output, including construction and energy, increased by 1.0% on the month after a revised decline of -1.0% in June. A Reuters poll had pointed to a rise of 0.9%.
Output in manufacturing alone jumped by 1.3% as factories churned out more capital and consumer goods. Construction output rose 1.1% while production in the energy sector fell 3.2%.
“After the decline in industrial production in the second quarter, the third quarter got off to a friendly start,” the economy ministry said.
The mighty automobile industry increased its output by 1.9% and the machinery and engineering sector hiked production by 6.9%, the ministry said.
“Even if the supply bottlenecks with semiconductors, which have slowed down production, are likely to persist for a while, the output figures suggest that industry could have overcome its low point,” the ministry added.
Important Data: EURO ZONE GDP (QoQ) (Q2) today at 5:00 this time estimated 2.0%, previously which was 2.0%. JAPAN GDP (QoQ) (Q2) today at 19:50 this time estimated 0.4%, previously which was 0.3%. Germany ZEW Economic Sentiment (Sep) today at 5:00 this time estimated 30.0, previously which was 40.4. JAPAN Current Account n.s.a. (Jul) today at 19:50 this time estimated 2.3T, previously which was 0.905T.
TECHNICAL SUMMARY
GBPUSD

Technical Analysis

Technical Analysis

TRADE SUGGESTION- BUY AT 1.38253, TAKE PROFIT AT 1.38568 AND STOP LOSS AT 1.38103
EURUSD

Technical Analysis

Technical Analysis

TRADE SUGGESTION- BUY AT 1.18667, TAKE PROFIT AT 1.18886 AND STOP LOSS AT 1.18517
EURGBP

Technical Analysis

Technical Analysis

TRADE SUGGESTION- BUY AT 0.85785, TAKE PROFIT AT 0.85919 AND STOP LOSS AT 0.85718
EURJPY

Technical Analysis

Technical Analysis

TRADE SUGGESTION- BUY AT 130.448, TAKE PROFIT AT 130.558 AND STOP LOSS AT 130.395
DOW JONES

Technical Analysis

Technical Analysis

TRADE SUGGESTION- BUY AT 35374.0 TAKE PROFIT AT 35475.0 AND STOP LOSS AT 35258.0
WTI CRUDE OIL

Technical Analysis

Technical Analysis

TRADE SUGGESTION- SELL AT 68.95 TAKE PROFIT AT 68.33 AND STOP LOSS AT 69.52
GOLD

Technical Analysis

Technical Analysis

TRADE SUGGESTION- BUY AT 1819.75, TAKE PROFIT AT 1824.69 AND STOP AT 1814.05
ETHEREUM

Technical Analysis

Technical Analysis

TRADE SUGGESTION- BUY AT 3895.45 TAKE PROFIT AT 4020.00 AND STOP AT 3825.62


 

CSFX.Support

Experienced member
1,016 0

TECHNICAL ANALYSIS REPORT TODAY – 10 SEPTEMBER 2021

Asia Pacific stocks were mostly up on Friday morning. The Shanghai composite is up 0.63% at 3,715.85. Overall, the Singapore MSCI up 1.07% at 355.50. Over in Hong Kong, the Hang Seng Index up 1.87% at 26,125. In Japan, the Nikkei 225 up 0.47% at 30,130, while the Topix index is up 0.10% at 2068.5. South Korea’s Kospi up 0.39% to 3125.39. Australia S&P/ASX 200 up 0.51% at 7407.4.
European equities Thursday closing. The DAX futures contract in Germany traded up 0.08% at 15623.15, CAC 40 futures up 0.24% at 6684.73 and the UK 100 futures contract in the U.K. down 1.00% at 7,024.22.
In U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.43% at 34879.39. The S&P 500 down 0.46% at 4493.27 and the Nasdaq 100 up 0.19% at 15591.3, NYSE closes at 16663.12 down 0.41%.
In the Forex market, GBPUSD up 0.07% at 1.3843. The USDJPY up 0.20% at 109.89. The USDCHF down 0.01% at 0.9165. EURUSD up 0.03% at 1.18278, EUR/GBP up 0.01% at 0.8544. The USD/CNY down 0.21% at 6.4417 at the time of writing.
In the commodity market U.S. Gold futures up 0.47% at $1,802.41. Elsewhere, Silver futures up 0.78% to $24.219 per ounce, Platinum up 0.31% at $982.59 per ounce, and Palladium up 1.74% at $2,222.50.
Crude Oil mix on Friday; Brent crude oil up 1.00% at $72.05 per barrel while U.S. West Texas Intermediate (CLc1) is down 0.92% at $68.88.
In the Cryptocurrency Markets, BTCUSD at 46706.54 up 0.68%, Ethereum up 0.92% at 3455.41, Litecoin at 183.88 up 2.00%, at the time of writing.
TOP STOCKS TO WATCH OUT TODAY:
Moderna Inc. up 7.808% at $455.92, Willis Towers Watson PLC up 4.448% at $236,
KLA Corp. up 3.29% to $347.83, Biogen Inc. down 6.655% to $300.15, Seagen Inc. down 2.069% to $149.59, NetEase Inc. down 2.06% at $88.91.
Economic news:
US: Two Federal Reserve officials said on Thursday they would sell their individual stock holdings by the end of the month to address the appearance of conflicts of interest.
Dallas Fed President Robert Kaplan and Boston Fed President Eric Rosengren issued statements saying they would invest the proceeds of those sales in diversified index funds and cash savings and would not trade in those accounts as long as they are serving in their roles.
The announcements come after the official’s faced scrutiny over trades they made last year, according to their financial disclosure forms.
Eurozone: The Bank of England will raise borrowing costs by end-2022, earlier than previously thought, and there is a chance it comes even sooner as a solid economic recovery from the pandemic and high inflation may tip its hand, a Reuters poll found.
Like central banks across the world, the BoE slashed borrowing costs at the height of the coronavirus pandemic and also restarted its quantitative easing programme. But as daily deaths from COVID-19 have fallen thanks to extensive vaccination, much of life in Britain has returned to normal.
Bank Rate was seen rising to 0.25% in the fourth quarter of 2022 from its current record low of 0.10%, according to the Sept. 6-9 poll. In an August poll no change was expected until 2023.
Such a move would put the BoE ahead of the U.S. Federal Reserve, which is not forecast to raise interest rates until 2023, although the Fed is expected to announce a plan to taper its asset purchases this month, a separate Reuters poll found.
Important Data: US PPI (MoM) (Aug) today at 8:30 this time estimated 0.6%, previously which was 1.0%. CANADA Employment Change (Aug) today at 8:30 this time estimated 100K, previously which was 94K. CANADA Unemployment Rate (Aug) today at 08:30 this time estimated 7.3%, previously which was 7.5%. RUSSIA Interest Rate Decision (Sep) today at 6:30 this time estimated 7%, previously which was 6.5%.
TECHNICAL SUMMARY
GBPUSD

GBPUSD Technical Analysis

GBPUSD Technical Analysis

TRADE SUGGESTION- BUY AT 1.38425, TAKE PROFIT AT 1.38680 AND STOP LOSS AT 1.38132
EURUSD

EURUSD Technical Analysis

EURUSD Technical Analysis

TRADE SUGGESTION- BUY AT 1.18233, TAKE PROFIT AT 1.18426 AND STOP LOSS AT 1.18033
EURGBP

EURGBP Technical Analysis

EURGBP Technical Analysis

TRADE SUGGESTION- SELL AT 0.8537, TAKE PROFIT AT 0.8508 AND STOP LOSS AT 0.8548
EURJPY

EURJPY Technical Analysis

EURJPY Technical Analysis

TRADE SUGGESTION- BUY AT 129.952, TAKE PROFIT AT 130.216 AND STOP LOSS AT 129.829
S&P 500

S&P 500 Technical Analysis

S&P 500 Technical Analysis

TRADE SUGGESTION- SELL AT 4502.74 TAKE PROFIT AT 4479.23 AND STOP LOSS AT 4516.33
WTI CRUDE OIL

WTI CRUDE OIL Technical Analysis

WTI CRUDE OIL Technical Analysis

TRADE SUGGESTION- SELL AT 68.66 TAKE PROFIT AT 68.12 AND STOP LOSS AT 69.20
GOLD

GOLD Technical Analysis

GOLD Technical Analysis

TRADE SUGGESTION- BUY AT 1801.95, TAKE PROFIT AT 1806.82 AND STOP AT 1797.50
ETHEREUM

ETHEREUM Technical Analysis

ETHEREUM Technical Analysis

TRADE SUGGESTION- SELL AT 3418.90 TAKE PROFIT AT 3326.75 AND STOP AT 3539.31

 

CSFX.Support

Experienced member
1,016 0

TECHNICAL ANALYSIS REPORT TODAY – 10 SEPTEMBER 2021

Asia Pacific stocks were mostly up on Friday morning. The Shanghai composite is up 0.63% at 3,715.85. Overall, the Singapore MSCI up 1.07% at 355.50. Over in Hong Kong, the Hang Seng Index up 1.87% at 26,125. In Japan, the Nikkei 225 up 0.47% at 30,130, while the Topix index is up 0.10% at 2068.5. South Korea’s Kospi up 0.39% to 3125.39. Australia S&P/ASX 200 up 0.51% at 7407.4.
European equities Thursday closing. The DAX futures contract in Germany traded up 0.08% at 15623.15, CAC 40 futures up 0.24% at 6684.73 and the UK 100 futures contract in the U.K. down 1.00% at 7,024.22.
In U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.43% at 34879.39. The S&P 500 down 0.46% at 4493.27 and the Nasdaq 100 up 0.19% at 15591.3, NYSE closes at 16663.12 down 0.41%.
In the Forex market, GBPUSD up 0.07% at 1.3843. The USDJPY up 0.20% at 109.89. The USDCHF down 0.01% at 0.9165. EURUSD up 0.03% at 1.18278, EUR/GBP up 0.01% at 0.8544. The USD/CNY down 0.21% at 6.4417 at the time of writing.
In the commodity market U.S. Gold futures up 0.47% at $1,802.41. Elsewhere, Silver futures up 0.78% to $24.219 per ounce, Platinum up 0.31% at $982.59 per ounce, and Palladium up 1.74% at $2,222.50.
Crude Oil mix on Friday; Brent crude oil up 1.00% at $72.05 per barrel while U.S. West Texas Intermediate (CLc1) is down 0.92% at $68.88.
In the Cryptocurrency Markets, BTCUSD at 46706.54 up 0.68%, Ethereum up 0.92% at 3455.41, Litecoin at 183.88 up 2.00%, at the time of writing.
TOP STOCKS TO WATCH OUT TODAY:
Moderna Inc. up 7.808% at $455.92, Willis Towers Watson PLC up 4.448% at $236,
KLA Corp. up 3.29% to $347.83, Biogen Inc. down 6.655% to $300.15, Seagen Inc. down 2.069% to $149.59, NetEase Inc. down 2.06% at $88.91.
Economic news:
US: Two Federal Reserve officials said on Thursday they would sell their individual stock holdings by the end of the month to address the appearance of conflicts of interest.
Dallas Fed President Robert Kaplan and Boston Fed President Eric Rosengren issued statements saying they would invest the proceeds of those sales in diversified index funds and cash savings and would not trade in those accounts as long as they are serving in their roles.
The announcements come after the official’s faced scrutiny over trades they made last year, according to their financial disclosure forms.
Eurozone: The Bank of England will raise borrowing costs by end-2022, earlier than previously thought, and there is a chance it comes even sooner as a solid economic recovery from the pandemic and high inflation may tip its hand, a Reuters poll found.
Like central banks across the world, the BoE slashed borrowing costs at the height of the coronavirus pandemic and also restarted its quantitative easing programme. But as daily deaths from COVID-19 have fallen thanks to extensive vaccination, much of life in Britain has returned to normal.
Bank Rate was seen rising to 0.25% in the fourth quarter of 2022 from its current record low of 0.10%, according to the Sept. 6-9 poll. In an August poll no change was expected until 2023.
Such a move would put the BoE ahead of the U.S. Federal Reserve, which is not forecast to raise interest rates until 2023, although the Fed is expected to announce a plan to taper its asset purchases this month, a separate Reuters poll found.
Important Data: US PPI (MoM) (Aug) today at 8:30 this time estimated 0.6%, previously which was 1.0%. CANADA Employment Change (Aug) today at 8:30 this time estimated 100K, previously which was 94K. CANADA Unemployment Rate (Aug) today at 08:30 this time estimated 7.3%, previously which was 7.5%. RUSSIA Interest Rate Decision (Sep) today at 6:30 this time estimated 7%, previously which was 6.5%.
TECHNICAL SUMMARY
GBPUSD

GBPUSD Technical Analysis

GBPUSD Technical Analysis

TRADE SUGGESTION- BUY AT 1.38425, TAKE PROFIT AT 1.38680 AND STOP LOSS AT 1.38132
EURUSD

EURUSD Technical Analysis

EURUSD Technical Analysis

TRADE SUGGESTION- BUY AT 1.18233, TAKE PROFIT AT 1.18426 AND STOP LOSS AT 1.18033
EURGBP

EURGBP Technical Analysis

EURGBP Technical Analysis

TRADE SUGGESTION- SELL AT 0.8537, TAKE PROFIT AT 0.8508 AND STOP LOSS AT 0.8548
EURJPY

EURJPY Technical Analysis

EURJPY Technical Analysis

TRADE SUGGESTION- BUY AT 129.952, TAKE PROFIT AT 130.216 AND STOP LOSS AT 129.829
S&P 500

S&P 500 Technical Analysis

S&P 500 Technical Analysis

TRADE SUGGESTION- SELL AT 4502.74 TAKE PROFIT AT 4479.23 AND STOP LOSS AT 4516.33
WTI CRUDE OIL

WTI CRUDE OIL Technical Analysis

WTI CRUDE OIL Technical Analysis

TRADE SUGGESTION- SELL AT 68.66 TAKE PROFIT AT 68.12 AND STOP LOSS AT 69.20
GOLD

GOLD Technical Analysis

GOLD Technical Analysis

TRADE SUGGESTION- BUY AT 1801.95, TAKE PROFIT AT 1806.82 AND STOP AT 1797.50
ETHEREUM

ETHEREUM Technical Analysis

ETHEREUM Technical Analysis

TRADE SUGGESTION- SELL AT 3418.90 TAKE PROFIT AT 3326.75 AND STOP AT 3539.31

 

CSFX.Support

Experienced member
1,016 0

TECHNICAL ANALYSIS REPORT TODAY – 13 SEPTEMBER 2021

Asia Pacific stocks were mostly down on Monday morning. The Shanghai composite is up 0.28% at 3,713.35. Overall, the Singapore MSCI down 1.12% at 352.15. Over in Hong Kong, the Hang Seng Index down 2.03% at 25,610. In Japan, the Nikkei 225 up 0.46% at 30,300, while the Topix index is up 0.48% at 2083.0. South Korea’s Kospi up 0.06% to 3127.40. Australia S&P/ASX 200 up 0.15% at 7417.8.
European equities Friday closing. The DAX futures contract in Germany traded down 0.09% at 15609.81, CAC 40 futures down 0.31% at 6663.78 and the UK 100 futures contract in the U.K. up 0.07% at 7,029.21.
In U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.78% at 34607.73. The S&P 500 down 0.77% at 4458.57 and the Nasdaq 100 up 0.21% at 15482.2, NYSE closes at 16563.47 down 0.60%.
In the Forex market, GBPUSD down 0.04% at 1.38198. The USDJPY up 0.21% at 110.105. The USDCHF up 0.27% at 0.9197. EURUSD down 0.19% at 1.17857, EUR/GBP down 0.09% at 0.8528. The USD/CNY up 0.14% at 6.4541 at the time of writing.
In the commodity market U.S. Gold futures up 0.19% at $1,790.63. Elsewhere, Silver futures down 0.16% to $23.711 per ounce, Platinum up 0.31% at $958.48 per ounce, and Palladium down 0.04% at $2,137.68.
Crude Oil up on Monday; Brent crude oil up 0.99% at $73.58 per barrel while U.S. West Texas Intermediate (CLc1) is up 1.20% at $69.71.
In the Cryptocurrency Markets, BTCUSD at 44819.60 down 2.67%, Ethereum down 3.72% at 3279.02, Litecoin at 176.83 down 3.39%, at the time of writing.
TOP STOCKS TO WATCH OUT TODAY:
Nov Inc. up 2.909% at $13.09, General Motors Co. up 2.21% at $49.49, KLA Corp. up 3.29% to $347.83, Biogen Inc. down 6.655% to $300.15, Zoom Video Comm. up 1.906% to $301.50, NVIDIA Corp. up 1.357% at $224.78.
Economic news:
US: U.S. Senator Joe Manchin on Sunday said lawmakers were unlikely to pass their massive budget package by Democrats’ Sept. 27 deadline, adding that he could support a smaller $1.5 trillion bill.
Manchin, a West Virginia moderate who has urged a “pause” on fellow Democrat U.S. President Joe Biden’s $3.5 trillion domestic spending plan, said while he supported some provisions such as universal preschool, he did not back clean energy and other measures.
The plan would also have to include a “competitive tax code” to help pay for it, he told CNN, adding he could support a domestic spending bill costing between $1 trillion and $1.5 trillion.
House Speaker Nancy Pelosi had agreed to hold a Sept. 27 vote on a separate bipartisan $1 trillion infrastructure bill. While Biden and Pelosi had hoped to pass both bills together, centrist House Democrats had objected and pressed for a vote on funding for roads and other projects first.
Eurozone: British businesses demanded that finance minister Rishi Sunak stop raising their taxes and instead offer more help to meet the challenges of Brexit, COVID-19 and climate change when he makes major budget statements next month.
The Confederation of British Industry urged Sunak to “flip business taxation on its head” when he sets out new tax proposals and a three-year spending plan on Oct. 27.
“The lack of detail and pace from the government on some of the big economic choices we must make as a country are the biggest concerns for business,” CBI Director General Tony Danker said in excerpts of a speech to be delivered later on Monday.
Danker told Sunak to stop hitting companies that invest in making their premises less carbon-intensive with increased property tax payments, a quirk of the business rates system.
He also said more needed to be done to boost skills training, speed up the development of new infrastructure projects such as Britain’s delayed high-speed railway and rewrite market rules to attract more private investment.
Important Data: US Federal Budget Balance (Aug) today at 14:00 this time estimated -173B, previously which was -302B. AUSTRALIA House Price Index (QoQ) (Q2) today at 21:30 this time estimated 6.1%, previously which was 5.4%. AUSTRALIA NAB Business Confidence (Aug) today at 21:30 previously which was -8.0. EURO ZONE ECB President Lagarde Speaks today at 9:30.
TECHNICAL SUMMARY
GBPUSD

GBPUSD Technical Analysis

GBPUSD Technical Analysis

TRADE SUGGESTION- BUY AT 1.37987, TAKE PROFIT AT 1.38248 AND STOP LOSS AT 1.37805
EURUSD

EURUSD Technical Analysis

EURUSD Technical Analysis

TRADE SUGGESTION- SELL AT 1.17781, TAKE PROFIT AT 1.17609 AND STOP LOSS AT 1.18013
GBPJPY

GBPJPY Technical Analysis

GBPJPY Technical Analysis

TRADE SUGGESTION- BUY AT 151.998, TAKE PROFIT AT 152.256 AND STOP LOSS AT 151.753
CHFJPY

CHFJPY Technical Analysis

CHFJPY Technical Analysis

TRADE SUGGESTION- SELL AT 119.548, TAKE PROFIT AT 119.337 AND STOP LOSS AT 119.806
DAX 30

DAX 30 Technical Analysis

DAX 30 Technical Analysis

TRADE SUGGESTION- SELL AT 15716.00 TAKE PROFIT AT 15654.1 AND STOP LOSS AT 15757.1
WTI CRUDE OIL

WTI CRUDE OIL  Technical Analysis

WTI CRUDE OIL Technical Analysis

TRADE SUGGESTION- BUY AT 70.22 TAKE PROFIT AT 70.72 AND STOP LOSS AT 69.76
GOLD

GOLD Technical Analysis

GOLD Technical Analysis

TRADE SUGGESTION- SELL AT 1789.44, TAKE PROFIT AT 1781.82 AND STOP AT 1794.30
BTCUSD

BTCUSD Technical Analysis

BTCUSD Technical Analysis

TRADE SUGGESTION- SELL AT 44382.14 TAKE PROFIT AT 43705.70 AND STOP AT 45301.20
 

CSFX.Support

Experienced member
1,016 0

TECHNICAL ANALYSIS REPORT TODAY – 14 SEPTEMBER 2021

Asia Pacific stocks were mostly down on Tuesday morning. The Shanghai composite is down 1.35% at 3,664.57. Overall, the Singapore MSCI up 0.48% at 353.75. Over in Hong Kong, the Hang Seng Index down 1.61% at 25,368. In Japan, the Nikkei 225 up 0.23% at 30,400, while the Topix index is up 0.62% at 2099.0. South Korea’s Kospi up 0.67% to 3148.83. Australia S&P/ASX 200 up 0.16% at 7437.3.
European equities Monday closing. The DAX futures contract in Germany traded up 0.59% at 15701.42, CAC 40 futures up 0.20% at 6676.94 and the UK 100 futures contract in the U.K. down 0.15% at 7,055.30.
In U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.76% at 34869.64. The S&P 500 up 0.23% at 4468.72 and the Nasdaq 100 down 0.04% at 15434.50, NYSE closes at 16635.38 up 0.43%.
In the Forex market, GBPUSD up 0.12% at 1.38545. The USDJPY up 0.09% at 110.038. The USDCHF flat at at 0.9210. EURUSD up 0.05% at 1.18161, EUR/GBP flat at 0.8529. The USD/CNY down 0.07% at 6.4470 at the time of writing.
In the commodity market U.S. Gold futures down 0.03% at $1,792.71. Elsewhere, Silver futures down 0.13% to $23.70 per ounce, Platinum down 0.62% at $959.80 per ounce, and Palladium down 0.86% at $2,068.00.
Crude Oil up on Tuesday; Brent crude oil up 0.45% at $73.96 per barrel while U.S. West Texas Intermediate (CLc1) is up 0.49% at $70.05.
In the Cryptocurrency Markets, BTCUSD at 45859.11 up 2.02%, Ethereum up 1.67% at 3336.51, Litecoin at 179.93 up 0.44%, at the time of writing.
TOP STOCKS TO WATCH OUT TODAY:
Marathon Oil Corp. up 7.187% at $12.08, Hess Corp. up 5.342% at $71.39, Moderna Inc. down 6.6% to $419.72, Intel Corp. up 2.136% to $54.99, Microchip Technology Inc. up 2.045% to $160.70, DocuSign Inc. down 2.14% at $271.22.
Economic news:
US: Leading Democrats in the U.S. House of Representatives on Monday proposed a substantial roll-back of former President Donald Trump’s tax cuts, including raising the top tax rate on corporations to 26.5% from the current 21%.
Democrats on the powerful House Ways and Means Committee said they will debate legislation this week that would achieve the changes as part of their broader, $3.5 trillion domestic investment plan.
In an attempt to finance the new spending, the Democratic-led committee will debate a proposal to raise $2.9 trillion in revenue over 10 years, according to a document circulated among members of the panel.
Besides increasing corporate taxes, wealthy individuals would see a jump in their income taxes as well as higher capital gains and estate taxes.
Even if the legislation as proposed passes Congress and is signed by Democratic President Joe Biden, corporate taxes would still be lower than they were before the enactment of the tax cuts pushed through by Republicans in 2017. But the top individual income tax rate would revert to its pre-2017 level.
Eurozone: British firms must do more to take advantage of new export routes opened up by Brexit, trade minister Liz Truss will say on Tuesday, calling for a shift from “defence to offence in trade” to help drive economic growth.
Truss will point to government research showing Britain’s comparative economic advantage – what Britain can do better and more efficiently than its peers – lies in providing digital and financial services to fast-growing Asian economies.
“The path to economic revival does not lie in retreating and retrenching but in free trade and free enterprise,” she will say in a speech, according to advance extracts.
“British employers can only benefit from free trade by selling their products, innovation, capital, and ideas overseas.”
Important Data: US Core CPI (MoM) (Aug) today at 8:30 this time estimated 0.3%, previously which was 0.3%. CANADA Manufacturing Sales (MoM) (Jul) today at 8:30 this time estimated -1.2%, previously which was 2.1%. CHINA Industrial Production (YoY) (Aug) today at 22:00 this time estimated 5.8%, previously which was 6.4%. AUSTRALIA Westpac Consumer Sentiment (Sep) today at 20:30 previously which was -4.4%.
TECHNICAL SUMMARY
GBPUSD

GBPUSD Technical Analysis

GBPUSD Technical Analysis

TRADE SUGGESTION- BUY AT 1.38662, TAKE PROFIT AT 1.38914 AND STOP LOSS AT 1.38439
EURUSD

EURUSD Technical Analysis

EURUSD Technical Analysis

TRADE SUGGESTION- SELL AT 1.1823, TAKE PROFIT AT 1.1796 AND STOP LOSS AT 1.1839
USDJPY

USDJPY Technical Analysis

USDJPY Technical Analysis

TRADE SUGGESTION- BUY AT 109.964, TAKE PROFIT AT 110.128 AND STOP LOSS AT 109.860
USDCHF

USDCHF Technical Analysis

USDCHF Technical Analysis

TRADE SUGGESTION- BUY AT 0.9211, TAKE PROFIT AT 0.9232 AND STOP LOSS AT 0.9200
FTSE 100

FTSE 100 Technical Analysis

FTSE 100 Technical Analysis

TRADE SUGGESTION- SELL AT 7045.20 TAKE PROFIT AT 7016.6 AND STOP LOSS AT 7063.9
WTI CRUDE OIL

WTI CRUDE OIL Technical Analysis

WTI CRUDE OIL Technical Analysis

TRADE SUGGESTION- BUY AT 71.05 TAKE PROFIT AT 71.98 AND STOP LOSS AT 70.47
GOLD

GOLD Technical Analysis

GOLD Technical Analysis

TRADE SUGGESTION- SELL AT 1788.83, TAKE PROFIT AT 1779.81 AND STOP AT 1797.70
ETHEREUM

ETHEREUM Technical Analysis

ETHEREUM Technical Analysis

TRADE SUGGESTION- SELL AT 3311.67 TAKE PROFIT AT 3212.61 AND STOP AT 3374.93

 

CSFX.Support

Experienced member
1,016 0

TECHNICAL ANALYSIS REPORT TODAY – 15 SEPTEMBER 2021

Asia Pacific stocks were down on Wednesday morning. The Shanghai composite is down 0.55% at 3,642.57. Overall, the Singapore MSCI down 0.58% at 352.05. Over in Hong Kong, the Hang Seng Index down 1.54% at 25,055. In Japan, the Nikkei 225 down 0.16% at 30,350, while the Topix index is down 0.79% at 2082.5. South Korea’s Kospi up 0.15% to 3153.40. Australia S&P/ASX 200 down 0.27% at 7417.0.
European equities Tuesday closing. The DAX futures contract in Germany traded up 0.14% at 15722.99, CAC 40 futures down 0.36% at 6652.98 and the UK 100 futures contract in the U.K. up 0.01% at 7,024.30.
In U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.84% at 34577.58. The S&P 500 down 0.57% at 4443.05 and the Nasdaq 100 up 0.11% at 15422.30, NYSE closes at 16497.23 down 0.83%.
In the Forex market, GBPUSD up 0.15% at 1.38229. The USDJPY down 0.17% at 109.502. The USDCHF down 0.06% at 0.9195. EURUSD up 0.03% at 1.18057, EUR/GBP down 0.05% at 0.85393. The USD/CNY up 0.01% at 6.4385 at the time of writing.
In the commodity market U.S. Gold futures down 0.08% at $1,802.64. Elsewhere, Silver futures down 0.50% to $23.72 per ounce, Platinum down 1.01% at $931.26 per ounce, and Palladium down 0.42% at $1,968.16.
Crude Oil up on Wednesday; Brent crude oil up 0.24% at $74.10 per barrel while U.S. West Texas Intermediate (CLc1) is up 0.01% at $70.06.
In the Cryptocurrency Markets, BTCUSD at 46946.31 down 0.33%, Ethereum down 1.52% at 3384.45, Litecoin at 181.20 down 0.99%, at the time of writing.
TOP STOCKS TO WATCH OUT TODAY:
Moderna Inc. up 1.904% at $427.71, Marriott International Inc. up 1.686% at $142.34, MSCI Inc. up 1.558% to $653.27, Comcast Corp. down 7.304% to $55.59, JD.Com Inc. down 2.832% to $77.9, Fiserv Inc. down 2.435% at $107.39.
Economic news:
US: The U.S. House Energy and Commerce Committee voted on Tuesday to give the Federal Trade Commission $1 billion to set up a bureau dedicated to improving data security and privacy and fighting identity theft.
The proposal, which Democrats included in a $3.5 trillion spending measure, would fund a new bureau over 10 years to address “unfair or deceptive acts or practices relating to privacy, data security, identity theft, data abuses, and related matters,” according to a summary released by the panel.
The committee began work on the wide-ranging spending proposal on Monday and was continuing to work on Tuesday evening.
The FTC, which enforces antitrust law, has picked up the job of pushing corporations to better protect consumer data and privacy as it enforces rules against deceptive practices.
Eurozone: British inflation hit a more than nine-year high last month after the biggest monthly jump in the annual rate in at least 24 years, largely due to a one-off boost reflecting the “Eat Out to Help Out” scheme that pushed down restaurant meal prices last year.
Consumer prices rose by 3.2% in annual terms last month after a 2.0% rise in July, the highest rate since March 2012, the Office for National Statistics said.
The 1.2 percentage point rise in the annual rate of inflation in the space of a month marked the sharpest such increase since detailed records started in 1997.
A Reuters poll of economists had pointed to a reading of 2.9% for August.
“Much of this (increase) is likely to be temporary as last year restaurant and café prices fell substantially due to the ‘Eat Out to Help Out’ scheme, while this year prices rose,” said ONS statistician Jonathan Athow.
Important Data: EURO ZONE Industrial Production (MoM) (Jul) today at 8:30 this time estimated 0.6%, previously which was -0.3%. CANADA Core CPI (MoM) (Aug) today at 8:30 previously which was 0.6%. US Crude Oil Inventories today at 10:30 this time estimated -3.544M, previously which was -1.529M. US Cushing Crude Oil Inventories today at 10:30 previously which was 1.918M.
TECHNICAL SUMMARY
GBPUSD

GBPUSD Technical Analysis

GBPUSD Technical Analysis

TRADE SUGGESTION- BUY AT 1.38318, TAKE PROFIT AT 1.38568 AND STOP LOSS AT 1.38135
EURUSD

EURUSD Technical Analysis

EURUSD Technical Analysis

TRADE SUGGESTION- BUY AT 1.1810, TAKE PROFIT AT 1.1842 AND STOP LOSS AT 1.1795
EURGBP

EURGBP Technical Analysis

EURGBP Technical Analysis

TRADE SUGGESTION- SELL AT 0.85365, TAKE PROFIT AT 0.85276 AND STOP LOSS AT 0.85483
EURJPY

EURJPY Technical Analysis

EURJPY Technical Analysis

TRADE SUGGESTION- SELL AT 129.311, TAKE PROFIT AT 129.129 AND STOP LOSS AT 129.546
CAC 40

CAC 40 Technical Analysis

CAC 40 Technical Analysis

TRADE SUGGESTION- SELL AT 6635.3 TAKE PROFIT AT 6614.8 AND STOP LOSS AT 6655.7
WTI CRUDE OIL

WTI CRUDE OIL Technical Analysis

WTI CRUDE OIL Technical Analysis

TRADE SUGGESTION- BUY AT 71.11 TAKE PROFIT AT 71.90 AND STOP LOSS AT 70.54
GOLD

GOLD Technical Analysis

GOLD Technical Analysis

TRADE SUGGESTION- BUY AT 1801.24, TAKE PROFIT AT 1808.52 AND STOP AT 1794.46
BTCUSD

BTCUSD Technical Analysis

BTCUSD Technical Analysis

TRADE SUGGESTION- BUY AT 46993.57 TAKE PROFIT AT 48022.51 AND STOP AT 45973.39


 

CSFX.Support

Experienced member
1,016 0

TECHNICAL ANALYSIS REPORT TODAY – 17 SEPTEMBER 2021

Asia Pacific stocks were mixed on Friday morning. The Shanghai composite is down 0.40% at 3,592.82. Overall, the Singapore MSCI up 0.08% at 354.50. Over in Hong Kong, the Hang Seng Index up 0.59% at 24,790. In Japan, the Nikkei 225 up 0.36% at 30,310, while the Topix index is up 0.02% at 2080.5. South Korea’s Kospi up 0.14% to 3134.71. Australia S&P/ASX 200 down 0.78% at 7403.0.
European equities Thursday closing. The DAX futures contract in Germany traded up 0.23% at 15651.75, CAC 40 futures up 0.59% at 6622.60 and the UK 100 futures contract in the U.K. up 0.16% at 7,027.49.
In U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.18% at 34751.33. The S&P 500 down 0.15% at 4473.76 and the Nasdaq 100 up 0.12% at 15535.6, NYSE closes at 16576.77 down 0.30%.
In the Forex market, GBPUSD up 0.12% at 1.38057. The USDJPY up 0.17% at 109.899. The USDCHF down 0.07% at 0.9268. EURUSD up 0.02% at 1.17683, EUR/GBP down 0.03% at 0.85236. The USD/CNY down 0.13% at 6.4494 at the time of writing.
In the commodity market U.S. Gold futures up 0.50% at $1,762.45. Elsewhere, Silver futures up 0.24% to $22.94 per ounce, Platinum up 1.39% at $943.37 per ounce, and Palladium down 1.38% at $2004.50.
Crude Oil mix on Friday; Brent crude oil down 0.16% at $75.49 per barrel while U.S. West Texas Intermediate (CLc1) is flat at $70.87.
In the Cryptocurrency Markets, BTCUSD at 48083.79 up 0.68%, Ethereum down 0.21% at 3563.63, Litecoin at 186.54 up 0.53%, at the time of writing.
TOP STOCKS TO WATCH OUT TODAY:
ETSY Inc. up 3.095% at $224.15, Dexcom Inc. up 2.44% at $565.13, A O Smith Corp. down 2.629% to $66.66, Moderna Inc. up 1.425% to $440.65, Baidu Inc. down 1.342% to $159.56, Exelon Corp. down 1.318% at $50.18.
Economic news:
US: When night fell, a clerk at a bustling 24-hour MotoMart flipped a switch from behind the counter.
Electromagnetic locks sealed the doorway. A window sign, now illuminated in red, warned “facial recognition technology in use” and directed customers to “look up at the camera.”
On this recent weeknight, a woman who wanted cigarettes was locked out. Confused at first, she quickly realized that she needed to remove her medical mask. After her unobstructed facial image was scanned into a store computer, then screened against the company’s photo archives of previous customers convicted of store-related crimes, the doors clicked open.
Just a few miles away, across the Missouri state line in Illinois, such screening is against the law under the toughest privacy laws in the country. Private companies must obtain written consent before stockpiling facial images or any biometric identifier – fingerprints, palms, eyes and voice.
Eurozone: European Central Bank (ECB) chief economist Philip Lane revealed in a private meeting with German economists that the ECB expects to hit its 2% inflation goal by 2025, the Financial Times said on Thursday in a report that was partly disputed by the bank.
The ECB had not made this long-term forecast public, meaning Lane could face questions from the public and lawmakers about the report, which suggests he revealed unpublished information to a select group of individuals.
The FT added that Lane told the German economists that the ECB’s “medium-term reference scenario” showed inflation rebounding to 2% soon after the end of its current forecast period.
The ECB, which initially declined to comment, later disputed the story, calling it inaccurate.
“Mr Lane didn’t say in any conversation with analysts that the euro area will reach 2% inflation soon after the end of the ECB’s projection horizon,” an ECB spokesman said in a written statement.
Important Data: EURO ZONE CPI (YoY) (Aug) today at 8:30 this time estimated 3.0%, previously which was 2.2%. US Michigan Consumer Expectations (Sep) today at 10:00 previously which was 65.1. UK CFTC GBP speculative net positions today at 15:30 previously which was -24.5K. AUSTRALIA CFTC AUD speculative net positions today at 15:30 previously which was -70.5K.
TECHNICAL SUMMARY
GBPUSD

GBPUSD Technical Analysis

GBPUSD Technical Analysis

TRADE SUGGESTION- SELL AT 1.3793, TAKE PROFIT AT 1.3779 AND STOP LOSS AT 1.3808
EURUSD

EURUSD Technical Analysis

EURUSD Technical Analysis

TRADE SUGGESTION- SELL AT 1.1769, TAKE PROFIT AT 1.1750 AND STOP LOSS AT 1.1788
USDJPY

USDJPY Technical Analysis

USDJPY Technical Analysis

TRADE SUGGESTION- SELL AT 109.839, TAKE PROFIT AT 109.748 AND STOP LOSS AT 109.979
USDCHF

USDCHF Technical Analysis

USDCHF Technical Analysis

TRADE SUGGESTION- BUY AT 0.92715, TAKE PROFIT AT 0.92771 AND STOP LOSS AT 0.92698
NASDAQ 100

NASDAQ 100 Technical Analysis

NASDAQ 100 Technical Analysis

TRADE SUGGESTION- BUY AT 15520.99 TAKE PROFIT AT 15606.98 AND STOP LOSS AT 15432.02
WTI CRUDE OIL

WTI CRUDE OIL Technical Analysis

WTI CRUDE OIL Technical Analysis

TRADE SUGGESTION- BUY AT 72.05 TAKE PROFIT AT 72.84 AND STOP LOSS AT 71.53
GOLD

GOLD Technical Analysis

GOLD Technical Analysis

TRADE SUGGESTION- SELL AT 1764.99, TAKE PROFIT AT 1758.44 AND STOP AT 1769.90
BTC USD

BTC USD Technical Analysis

BTC USD Technical Analysis

TRADE SUGGESTION- BUY AT 47889.00 TAKE PROFIT AT 48816.52 AND STOP AT 47025.11

 
 
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