DAILY REPORT AND MARKET ANALYSIS BY CAPITAL STREET FX

[capitalstreetfx]

DAILY REPORT - 20th JULY 2020

Dow futures were trading at 26442.50 while Nasdaq 100 and S&P 500 futures inched down to 10,581.25 and 3203.62 respectively, at the time of writing.

On the earnings front, AutoNation Inc and Bank of Marin Bancorp are scheduled to report their quarterly results before the market opens on Monday.

On the economic front, the Central Bank of Brazil will release the Focus Market Report which will provide weekly mean market expectations for inflation over following 12 months
and the following year, as well as expectations for real GDP growth, net public sector debt/GDP, industrial production growth, current account, and trade balance.

European equities were trading in mixed territory. In the Cash Markets, the CAC 40 was trading lower by 0.31% at 5069.42 while the DAX inched up 0.35% to 12919.61, at the time of writing.

On the data front, Germany reported the PPI (MoM) for June on Monday. The German Producer Price Index (PPI) measures the change in the price of goods sold by manufacturers.

The PPI reading came in at 0.00%, lower than the consensus estimates of 0.20%.

Asia-Pacific markets were trading in mixed territory in the cash markets on Monday. The ASX 200 declined 0.53% and was trading at 6001.60. The Shanghai Composite rose 2.35% to 3289.78 and Nikkei 225 inched up 0.02% to 22,700.00, at the time of writing.

On the data front, Japan will report National Core CPI (YoY) for June on Monday. The National Core Consumer Price Index (CPI) measures the change in the price of goods and services purchased by consumers, excluding fresh food. The National Core CPI reading is expected to come in at -0.1%.

US Dollar Index futures inched down 0.04% to 95.850 and British Pound futures declined 0.21% to 1.2546, at the time of writing. US Dollar Index futures declined on Monday as a result of growing uncertainties among traders regarding the fresh economic stimulus to be announced by the government amid increasing Covid-19 infections in the US.

In the Commodity Markets, Silver declined by 0.21% to $19.723 and Gold inched up 0.03% to $1800.60 at the time of writing. Brent oil prices declined by 0.70% to $42.84, at the time of writing. Oil prices fell on Monday, unnerved by the prospect that a recovery in fuel demand could be derailed by a rise in the pace of coronavirus infections around the world.

In the Cryptocurrency Markets, Bitcoin rose 0.30% to 9,185.70 and Ethereum inched up 1.73% to 238.80 respectively in the last 24 hours. In news related to the cryptocurrency markets, Synthetix unveiled its new decentralized asset management platform dHedge, emerging out of stealth mode. The Platform takes advantage of non-custodial mimetic trading for Synths or tokens that provide exposure to assets such as gold, Bitcoin and the U.S. dollar on the Ethereum blockchain.



TECHNICAL SUMMARY

EUR/USD

EUR/USD D1

TRADE SUGGESTION- BUY AT 1.14492, TAKE PROFIT AT 1.15035 AND STOP AT 1.14160





USD/JPY

USD/JPY D1

TRADE SUGGESTION –BUY AT 107.133, TAKE PROFIT AT 106.850 AND STOP AT 106.650





EUR/JPY

EUR/JPY D1

TRADE SUGGESTION- BUY AT 122.838, TAKE PROFIT AT 123.700 AND STOP AT 122.049






AUD/USD

AUD/USD D1

TRADE SUGGESTION- BUY AT 0.69968, TAKE PROFIT AT 0.70635 AND STOP AT 0.69580






NATURAL GAS

NATURAL GAS

TRADE SUGGESTION- SHORT SELL AT 1.672, TAKE PROFIT AT 1.600 AND STOP AT 1.720






GOLD

GOLD D1

TRADE SUGGESTION- BUY AT 1811.85, TAKE PROFIT AT 1822.20 AND STOP AT 1800.00






NASDAQ 100

NASDAQ 100 D1

TRADE SUGGESTION- BUY AT 10612.25, TAKE PROFIT AT 10938 AND STOP AT 10400.

 

[capitalstreetfx]

DAILY REPORT - 21st JULY 2020



Dow futures were trading higher at 26701.00 while Nasdaq 100 and S&P 500 futures inched up to 11,022.50 and 3256.88 respectively, at the time of writing.

On the earnings front, Coca-Cola Co and Capital City Bank Group Inc are scheduled to report their quarterly results before the market opens on Tuesday.

On the economic front, Canada will report the Core Retail Sales for May on Tuesday. Core Retail Sales measures the change in the total value of sales at the retail level in Canada, excluding automobiles and is an important indicator of consumer spending. The previous reading stood at -22.00% but the market estimates the reading to come in at 12.00%.

European equities were trading in mixed territory. In the Cash Markets, the CAC 40 was trading higher by 0.47% at 5093.18 while the DAX inched up 0.99% to 13046.92, at the time of writing.

On the economic front, The European Commission, the executive arm of the EU, has been tasked with tapping financial markets to raise an unprecedented 750 billion euros ($857 billion). The funds will be distributed among the countries and sectors most impacted by the coronavirus pandemic and will take the form of grants and loans.

Asia-Pacific markets were trading in positive territory in the cash markets on Tuesday. The ASX 200 rose 2.58% and was trading at 6156.30. The Shanghai Composite rose 0.10% to 3317.46 and Nikkei 225 inched up 0.83% to 22,907.00, at the time of writing.
On the data front, Australia will report Retail Sales (MoM) for June on Tuesday. Retail Sales measure the change in the total value of inflation-adjusted sales at the retail level and are the foremost indicator of consumer spending. The consensus estimates the reading to come in at 16.3%. The previous reading stood at 16.9%.
US Dollar Index futures inched down 0.08% to 95.700 and British Pound futures rose 0.24% to 1.2694, at the time of writing. US Dollar declined on Tuesday as investors are retreating from the safe-haven asset over fresh hopes of a COVID-19 vaccine.
In the Commodity Markets, Silver rose by 2.90% to $20.777 and Gold inched up 0.20% to $1821.00 at the time of writing. Brent oil prices saw modest gains on Tuesday morning on account of positive results from three potential COVID-19 vaccine candidates. Moreover, the potential stimulus measures from both the U.S. and Europe also boosted investor sentiment, with hopes that the measures will boost economic recovery and demand for the energy.





TECHNICAL SUMMARY

EUR/USD

EUR/USD D1

TRADE SUGGESTION- BUY AT 1.14407, TAKE PROFIT AT 1.14875 AND STOP AT 1.14072

USD/JPY

USD/JPY D1

TRADE SUGGESTION –BUY AT 107.275, TAKE PROFIT AT 108.150 AND STOP AT 106.850

EUR/JPY

EUR/JPY D1

TRADE SUGGESTION- BUY AT 122.650, TAKE PROFIT AT 123.550 AND STOP AT 121.850

AUD/USD

AUD/USD D1

TRADE SUGGESTION- BUY AT 0.70523, TAKE PROFIT AT 0.71050 AND STOP AT 0.70037

NATURAL GAS

NATURAL GAS

TRADE SUGGESTION- SHORT SELL AT 1.628, TAKE PROFIT AT 1.570 AND STOP AT 1.670

GOLD

GOLD D1

TRADE SUGGESTION- BUY AT 1823.60, TAKE PROFIT AT 1835.20 AND STOP AT 1813.30

DOW JONES

DOW JONES D1

TRADE SUGGESTION- BUY AT 26808, TAKE PROFIT AT 27400 AND STOP AT 26450

 

[capitalstreetfx]

DAILY REPORT - 22nd JULY 2020

Futures on major US indices were trading in negative territory at the time of writing. Dow futures were trading at 26644.00 while Nasdaq 100 and S&P 500 futures inched down to 10,831.50 and 3,240.

On the data front, Germany reported the 30-Year Bund Auction, which represents the return an investor will receive by holding the treasury for its entire duration.

The 30-Year Bund Auction reading came to -0.130% whereas the previous reading was -0.090%.

Asia-Pacific markets were trading in a mixed territory in the cash markets on Wednesday. The ASX 200 declined 0.46% and was trading at 6,013.00. The Shanghai Composite rose 0.37% to 3,333.16 and Nikkei 225 inched down -0.31% to 22,800.60, at the time of writing.

On the data front, South Korea will report Domestic Product (GDP) YoY on Wednesday. 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. Domestic Product (GDP) YoY reading expected to come in at 1.30%.

US Dollar Index futures inched down 0.02% to 95.10 and Euro futures surged by 0.07% to 1.1534, at the time of writing. The dollar was down on Wednesday morning, with investors retreating from the safe-haven asset as the U.S. is struggling to reach a consensus on further stimulus measures. The euro surged to a nearly 19-month high against the dollar on Tuesday, after EU leaders agreed on a historic €750 billion COVID-19 relief program.

In the Commodity Markets, Silver rose by 6.04% to $22.86 and Gold inched up 0.85% to $1859.65 at the time of writing. Brent oil prices declined by 0.41% to $44.14, at the time of writing. Oil prices fell on Wednesday as industry data showed a bigger-than-expected inventory build in the United States where coronavirus cases continue to climb, potentially further denting demand in the world’s biggest oil consumer.

In the Cryptocurrency Markets, Bitcoin rose 1.93% to 9,347.39 and Ethereum inched up 2.90% to 243.93 respectively in the last 24 hours. In news related to the cryptocurrency markets, Ethereum (ETH) co-founder Vitalik Buterin has called for reform to the cryptocurrency’s fee system, warning that rising transaction fees could undermine the security of the network.

TECHNICAL SUMMARY

EUR/USD

EUR/USD D1

TRADE SUGGESTION- BUY AT 1.15323, TAKE PROFIT AT 1.16000 AND STOP AT 1.14330

GBP/USD

GBP/USD D1

TRADE SUGGESTION – BUY AT 1.26550, TAKE PROFIT AT 1.28000 AND STOP AT 1.25000

USD/JPY

USD/JPY D1

TRADE SUGGESTION- SHORT SELL AT 107.003, TAKE PROFIT AT 106.700 AND STOP AT 107.460

EUR/JPY

EUR/JPY D1

TRADE SUGGESTION- BUY AT 123.436, TAKE PROFIT AT 124.500 AND STOP AT 120.500

SILVER

SILVER D1

TRADE SUGGESTION- BUY AT 21.810, TAKE PROFIT AT 22.500 AND STOP AT 21.200

NASDAQ 100

NASDAQ 100 D1

TRADE SUGGESTION- BUY AT 10831.00, TAKE PROFIT AT 11100.00 AND STOP AT 10600.00

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[capitalstreetfx]

DAILY REPORT - 23rd JULY 2020

Dow futures were trading higher by 0.33% at 26975.00 while Nasdaq 100 futures inched up 0.91% to 10,903.12 and S&P 500 futures rose 0.35% to 3276.88 respectively, at the time of writing.

On the earnings front, Twitter and Valley National Bancorp are scheduled to report their quarterly results before the market opens on Thursday.

On the economic front, the US will report the Initial Jobless Claims for the week ended 16 July on Thursday. Initial Jobless Claims measures the number of individuals who filed for unemployment insurance for the first time during the past week. The previous reading stood at 1.3M and the market estimates the reading to come in at 1.3M.

​

In one of the biggest developments in the US-China relationship, tensions were ratcheted up several notches when the US gave china a 72-hour deadline to close its consulate in Houston amid accusations of spying, marking a dramatic deterioration in relations between the world’s two biggest economies.

European equities were trading in negative territory. In the Cash Markets, the CAC 40 was trading lower by 1.32% at 5037.12 and the DAX inched down 0.51% to 13104.25, at the time of writing.

On the data front, The Monetary Policy Committee of the Central Bank of the Republic of Turkey will set the one-week repo rate for July on Thursday. Traders watch interest rate changes closely as short term interest rates are the primary factor in currency valuation. The market forecasts the rate to remain unchanged at the previous rate of 8.25%.

Asia-Pacific markets were trading in mixed territory in the cash markets on Thursday. The ASX 200 rose 0.32% and was trading at 6094.50. The Shanghai Composite declined 0.48% to 3317.02 and Nikkei 225 inched down 0.58% to 22,751.61, at the time of writing.

On the data front, Singapore reported CPI (YoY) for June on Thursday. The Consumer Price Index (CPI) measures the change in the price of goods and services from the perspective of the consumer and is an important indicator to measure changes in purchasing trends and inflation. The CPI reading came in at -0.5%. The consensus estimates stood at -0.6%.

US Dollar Index futures inched down 0.14% to 94.795 and British Pound futures rose 0.10% to 1.2754, at the time of writing. The escalation in tension between US and China, the world’s two largest economies sent the yuan on its sharpest slide in nearly two months on Wednesday. A steady decline in the dollar has accelerated in recent weeks, as a resurgent coronavirus outbreak in the United States and improving economic prospects abroad sour investors on the currency.

In the Commodity Markets, Silver declined 0.20% to $23.093 and Gold inched up 0.62% to $1876.65 and Brent oil prices rose 0.50% to $44.51, at the time of writing. The reopening of some major economies locked down due to the coronavirus has lifted global oil prices and encouraged U.S. shale producers to return at least one-third of the 2 million barrels per day (bpd) curtailed since April.

In the Cryptocurrency Markets, Bitcoin rose 1.62% to 9,490.40 and Ethereum inched up 7.31% to 262.89 respectively in the last 24 hours. In news related to the cryptocurrency markets, South Korea’s leading blockchain network ICON has announced a partnership with Chainlink rival BAND. ICONLOOP has worked on digitizing national identity authentication and decentralized passports. The partnership will provide ICON developers with complete access to the BandChain decentralized oracle network as ICON requires oracle for expanding into the growing dApp and DeFi markets.



TECHNICAL SUMMARY


EUR/USD

EUR/USD D1

TRADE SUGGESTION- BUY AT 1.15800, TAKE PROFIT AT 1.16100 AND STOP AT 1.15400





USD/JPY

USD/JPY D1

TRADE SUGGESTION –BUY AT 107.100, TAKE PROFIT AT 108.512 AND STOP AT 106.805





EUR/JPY

EUR/JPY D1

TRADE SUGGESTION- BUY AT 124.100, TAKE PROFIT AT 124.600 AND STOP AT 123.650





AUD/USD

AUD/USD D1

TRADE SUGGESTION- BUY AT 0.71550, TAKE PROFIT AT 0.71980 AND STOP AT 0.71250





NATURAL GAS

NATURAL GAS

TRADE SUGGESTION- BUY AT 1.670, TAKE PROFIT AT 1.720 AND STOP AT 1.625





CRUDE OIL

CRUDE OIL D1

TRADE SUGGESTION- BUY AT 42.05, TAKE PROFIT AT 43.80 AND STOP AT 41.10





DOW JONES

DOW JONES D1

TRADE SUGGESTION- BUY AT 27000, TAKE PROFIT AT 27620 AND STOP AT 26600

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[capitalstreetfx]

DAILY REPORT - 24th JULY 2020

Dow futures were trading lower by 0.64% at 26373.00 while Nasdaq 100 futures inched down 1.01% to 10,440.12 and S&P 500 futures declined 0.59% to 3208.50 respectively, at the time of writing.

On the earnings front, American Express Co and Honeywell International Inc are scheduled to report their quarterly results before the market opens on Friday.

On the economic front, the US will report New Home Sales numbers for June on Friday. New Home Sales measures the annualized number of new single-family homes that were sold during the previous month. The previous reading for the number of New Homes sold stood at 676K and the market estimates the reading to come in at 700K.

European equities were trading in negative territory. In the Cash Markets, the CAC 40 was trading lower by 1.68% at 4949.36 and the DAX inched down 2.01% to 12839.65, at the time of writing.

On the data front, the UK released Retail Sales (MoM) for June on Friday. Retail Sales measure the change in the total value of inflation-adjusted sales at the retail level and is the foremost indicator of consumer spending. The Retail sales reading came in at 13.9%, better than the consensus estimates of 8.0%. Retail sales, consumer spending and cpi also estimate retail spending growth and inflation. This is one of the important inputs used to decide on interest rates.

Asia-Pacific markets were trading in negative territory in the cash markets on Friday. The ASX 200 declined 1.16% and was trading at 6024.00. The Shanghai Composite declined 3.86% to 3196.77, at the time of writing.

Japanese markets are observing the holiday.

US Dollar Index futures inched down 0.03% to 94.623 and British Pound futures declined 0.07% to 1.2737, at the time of writing. US Dollar Index futures declined on Friday morning as the U.S. is struggling to curb its surging number of COVID-19 cases. Combined with the looming expiry of some stimulus measures at the end of July as well as a record number of unemployment claims, investors are expressing doubt over the U.S.’ recovery prospects.

In the Commodity Markets, Silver declined 0.33% to $22.913 and Gold inched up 0.20% to $1893.65 and Brent oil prices inched down 0.44% to $43.12, at the time of writing. Oil prices slipped on Friday, shrugging off a weaker U.S. dollar, as the relations between the United States and China deteriorate. A weaker dollar usually spurs buying of commodities priced in the greenback, like oil, because they become cheaper for holders of other currencies.

In the Cryptocurrency Markets, Bitcoin rose 0.21% to 9,508.50 and Ethereum inched up 2.81% to 270.20 respectively in the last 24 hours. In news related to the cryptocurrency markets, Avanti Bank & Trust, a Wyoming-based pioneering financial institution that is planning to offer services to the crypto industry, has announced plans for a ‘stable coin disruptor’ that’s designed to modernize U.S. dollar payments. In an announcement, Avanti said that the payment instrument, dubbed ‘Avit,’ is not a security and predicted it “will likely be treated as a cash equivalent” by regulators.


TECHNICAL SUMMARY


EUR/USD

EUR/USD D1

TRADE SUGGESTION- BUY AT 1.16000, TAKE PROFIT AT 1.16300 AND STOP AT 1.15800



USD/JPY

USD/JPY D1

TRADE SUGGESTION –SHORT SELL AT 106.380, TAKE PROFIT AT 106.000 AND STOP AT 106.578







EUR/JPY

EUR/JPY D1

TRADE SUGGESTION- BUY AT 123.300, TAKE PROFIT AT 123.800 AND STOP AT 122.800







AUD/USD

AUD/USD D1

TRADE SUGGESTION- BUY AT 0.70820, TAKE PROFIT AT 0.71400 AND STOP AT 0.7040


NATURAL GAS

NATURAL GAS

TRADE SUGGESTION- BUY AT 1.750, TAKE PROFIT AT 1.840 AND STOP AT 1.690







CRUDE OIL

CRUDE OIL D1

TRADE SUGGESTION- BUY AT 41.35, TAKE PROFIT AT 42.40 AND STOP AT 40.78







DOW JONES

DOW JONES D1

TRADE SUGGESTION- SHORT SELL AT 26480, TAKE PROFIT AT 25900 AND STOP AT 25850

 

[capitalstreetfx]

DAILY REPORT - 27TH JULY 2020​

Dow futures were trading higher by 0.37% at 26420.00 while Nasdaq 100 futures inched up 0.50% to 10,511.12 and S&P 500 futures rose 0.33% to 3214.62 respectively, at the time of writing.

On the earnings front, Hasbro Inc and Oil States International Inc are scheduled to report their quarterly results before the market opens on Monday.

US Indices Futures inched higher in the early trades on Monday on the news of another coronavirus stimulus package. Treasury Secretary Steve Mnuchin said on Sunday that Republicans are now prepared to unveil their long-awaited coronavirus relief plan — and that it would include another round of $1,200 stimulus checks as well as a smaller version of the enhanced unemployment insurance that has been credited with helping to keep the US economy afloat.

On the economic front, the US will report Core Durable Goods Orders (MoM) for June on Monday. Core Durable Goods Orders measures the change in the total value of new orders for long-lasting manufactured goods, excluding transportation items. The previous reading stood at 3.7% and the market estimates the reading to come in at 3.5%.

European equities were trading in negative territory. In the Cash Markets, the CAC 40 was trading lower by 1.54% at 4956.43 and the DAX inched down 2.02% to 12838.06, at the time of writing.

On the data front, Germany will release the German Ifo Business Climate Index for July on Monday. The German Ifo Business Climate Index rates the current German business climate and measures expectations for the next six months. It is a composite index based on a survey of manufacturers, builders, wholesalers and retailers. The consensus estimates the reading to come at 89.3.

Asia-Pacific markets were trading in mixed territory in the cash markets on Monday. The ASX 200 rose 0.34%% and was trading at 6044.20. The Shanghai Composite declined 0.23% to 3189.49, at the time of writing.

Japan has released the Leading Economic Index data on Monday. The Leading Economic Index released by the Cabinet Office is an economic indicator that consists of 12 indexes such as account inventory ratios, machinery orders, stock prices and other leading economic indicators. It shows the performance of the Japanese Economy over the short and mid-term. The Index reading came in at 78.400, lower than the consensus estimates of 79.3.

US Dollar Index futures inched down 0.57% to 93.840 and British Pound futures inched up 0.31% to 1.2834 while Euro futures rose 0.67% and were trading at 1.1728 and Japanese Yen futures rose 0.51% to 0.009488, at the time of writing. The dollar crumbled on Monday as cracks in the U.S. economic recovery drove investors away from the world’s reserve currency while waiting for the Federal Reserve’s outlook this week.

In the Commodity Markets, Silver rose 6.25% to $24.277 and Gold inched up 1.65% to $1928.95 while the Brent oil prices inched down 0.50% to $43.56, at the time of writing. Oil prices edged lower on Monday as rising coronavirus cases and tensions between the United States and China pushed investors toward safe-haven assets.

In the Cryptocurrency Markets, Bitcoin rose 5.11% to 10,210.11 and Ethereum inched up 6.26% to 327.7 respectively in the last 24 hours. In news related to the cryptocurrency markets, Bitcoin jumped above $10,000 for the first time since early June after relatively muted recent price action. Bitcoin has risen nearly 11% over the past 7 days, while equity markets struggled last week as gold continued to rally.



TECHNICAL SUMMARY


EUR/USD

EUR/USD D1

TRADE SUGGESTION- BUY AT 1.16950, TAKE PROFIT AT 1.17200 AND STOP AT 1.16700



USD/JPY

USD/JPY D1

TRADE SUGGESTION –BUY AT 105.500, TAKE PROFIT AT 106.092 AND STOP AT 105.000





EUR/JPY

EUR/JPY D1

TRADE SUGGESTION- BUY AT 123.490, TAKE PROFIT AT 124.271 AND STOP AT 122.820







AUD/USD

AUD/USD D1

TRADE SUGGESTION- BUY AT 0.71200, TAKE PROFIT AT 0.71747 AND STOP AT 0.70631







NATURAL GAS

TRADE SUGGESTION- SHORT SELL AT 1.805, TAKE PROFIT AT 1.770 AND STOP AT 1.825





SILVER

SILVER D1

TRADE SUGGESTION- BUY AT 23.990, TAKE PROFIT AT 24.500 AND STOP AT 23.500





NASDAQ

NASDAQ D1

TRADE SUGGESTION- BUY AT 10500, TAKE PROFIT AT 10936 AND STOP AT 10300

 

[capitalstreetfx]

DAILY MARKET REPORT - 28th JULY 2020​

Dow futures were trading higher by 0.03% at 26490.50 while Nasdaq 100 futures inched up 0.14% to 10,689.75 and S&P 500 futures rose 0.03% to 3233.62 respectively, at the time of writing.

Senate Republicans presented their $1 trillion plan to bolster the pandemic-ravaged U.S. economy in a series of bills that would trim extra unemployment benefits, send $1,200 payments to most Americans and shield businesses, schools and other organizations from lawsuits stemming from coronavirus infections.

On the earnings front, 3M Co, MakeMyTrip Ltd and Pfizer Inc are scheduled to report their quarterly results before the market opens on Tuesday.

On the economic front, the US will release CB Core Consumer Confidence for July on Tuesday. Conference Board (CB) Consumer Confidence measures the level of consumer confidence in economic activity. It is a leading indicator as it can predict consumer spending, which plays a major role in overall economic activity. The previous reading stood at 98.1 and the market estimates the reading to come in at 94.5.

European equities were trading in mixed territory. In the Cash Markets, the CAC 40 was trading lower by 0.34% at 4939.62 and the DAX inched up 0.02% to 12838.66, at the time of writing.

On the data front, Hungary will release the Quarterly unemployment Rate for June on Tuesday. The unemployment rate represents the number of unemployed persons expressed as a percentage of the labour force. The unemployment rate for a particular age/sex group is the number of unemployed in that group expressed as a percentage of the labour force for that group. The previous reading stood at 4.1%.

The European Central Bank on Tuesday extended a recommendation to eurozone banks that not to pay dividends until the end of the year, while also allowing them to eat into their capital and liquidity buffers for even longer to help them cope with the economic fallout of the coronavirus pandemic.

Asia-Pacific markets were trading in mixed territory in the cash markets on Monday. The ASX 200 declined 0.39% and was trading at 6020.50. The Shanghai Composite rose 0.37% to 3217.49, at the time of writing.

Australia will release the Consumer Price Index (CPI) for Q2 on Tuesday. The Consumer Price Index (CPI) measures the change in the price of goods and services from the perspective of the consumer. It is a key indicator to measure changes in purchasing trends and inflation. The previous reading on the Index stood at 0.3%. The market expects the reading to come in at -2.0%.

US Dollar Index futures inched up 0.15% to 93.752 and British Pound futures inched down 0.05% to 1.2869 while the Euro futures declined 0.17% and were trading at 1.1744 and the Japanese Yen futures shrank 0.17% to 0.009479, at the time of writing. The dollar bounced off a two-year low on Tuesday as selling pressure faded ahead of a Federal Reserve meeting and as political wrangling over the next U.S. fiscal rescue package moved closer to a conclusion.

In the Commodity Markets, Silver rose 0.75% to $24.685 and Gold inched up 0.10% to $1933.10 while the Brent oil prices inched up 0.16% to $43.97, at the time of writing. Gold prices hit a record high on Tuesday morning, supported by a weakening dollar that is driving demand for the safe-haven yellow metal.

In the Cryptocurrency Markets, Bitcoin rose 6.59% to 10945.10 and Ethereum inched down 3.15% to 317.56 respectively in the last 24 hours. In news related to the cryptocurrency markets, Chinese tech giant Huawei recently applied for a new patent related to blockchain technology which deals with storage methods and devices. Huawei holds a number of other relevant patents, covering topics like Blockchain-based settlement methods.

TECHNICAL SUMMARY​

EUR/USD

EUR/USD D1

TRADE SUGGESTION- BUY AT 1.7100, TAKE PROFIT AT 1.17765 AND STOP AT 1.16420


USD/JPY

USD/JPY D1

TRADE SUGGESTION –BUY AT 105.625, TAKE PROFIT AT 106.300 AND STOP AT 105.195



EUR/JPY

EUR/JPY D1

TRADE SUGGESTION- SHORT SELL AT 123.600, TAKE PROFIT AT 123.170 AND STOP AT 124.079



AUD/USD

AUD/USD D1

TRADE SUGGESTION- BUY AT 0.71290, TAKE PROFIT AT 0.71741 AND STOP AT 0.70812



NATURAL GAS

NATURAL GAS

TRADE SUGGESTION- BUY AT 1.770, TAKE PROFIT AT 1.804 AND STOP AT 1.745




SILVER

SILVER D1

TRADE SUGGESTION- BUY AT 23.870, TAKE PROFIT AT 24.872 AND STOP AT 23.010



NASDAQ

NASDAQ D1

TRADE SUGGESTION- BUY AT 10630, TAKE PROFIT AT 10820 AND STOP AT 10525

 

[capitalstreetfx]

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

DAILY REPORT - 31st JULY 2020​

Dow futures were trading lower by 0.02% at 26212.00 while Nasdaq 100 futures inched up 0.56% to 10,854.00 and S&P 500 futures rose 0.01% to 3249.00 respectively, at the time of writing.

The U.S. economy contracted by an unprecedented annualized rate of 32.9% in the second quarter as reported by the Commerce Department on Thursday. This quarter posted the worst decline since the Great Depression as the coronavirus pandemic hammered consumer spending.

On the earnings front, Colgate-Palmolive Co, Chevron Corp and Merck & Co Inc are scheduled to report their quarterly results before the market opens on Friday.

On the economic front, Statistics Canada will report May Gross Domestic Product (MoM) on Friday. 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. The previous reading stood at -11.6%. The consensus estimates today’s reading to come in at 3.5%.

European equities were trading in negative territory in early trading on Friday. In the Cash Markets, the CAC 40 was trading lower by 2.13% at 4852.94 and the DAX inched down 3.45% to 12379.65, at the time of writing.

On the data front, Eurostat will report the Consumer Price Index (CPI) (YoY) for July on Friday. The Consumer Price Index (CPI) measures the change in the price of goods and services from the perspective of the consumer. It is a key indicator to measure changes in purchasing trends and inflation. The previous reading stood at 0.3% and the consensus estimates the reading to come in at 0.2%.

Asia-Pacific markets were trading in mixed territory in the cash markets on Friday. The ASX 200 declined 2.04% and was trading at 5927.80. The Nikkei inched down 2.82 % to 21,710.00 and the Shanghai Composite inched up 0.61% to 3305.65, at the time of writing.

China Federation of Logistics and Purchasing reported the Non-Manufacturing Purchasing Managers Index (PMI) for July on Friday. The official non-manufacturing PMI is based on a survey of about 1,200 companies covering 27 industries including construction, transport and telecommunications. It is the level of a diffusion index based on a survey of purchasing managers in the service industry. The consensus estimates for the index reading stood at 51.2 while the reading came better in at 54.2.

US Dollar Index futures inched down 0.46% to 92.578 and British Pound futures rose 0.33% to 1.3134 while Euro futures inched up 0.50% and were trading at 1.1907 and Japanese Yen futures rose 0.46% to 0.9587, at the time of writing. The dollar was down on Friday morning, touching two-year lows, and on its way to post its biggest monthly decline in a decade as fresh doubts over the U.S. economy’s recovery from the COVID-19 pandemic creep in.

In the Commodity Markets, Silver rose 3.74% to $24.238 and Gold inched up 1.55% to $1973.50 while Brent oil prices advanced 0.83% to $43.65, at the time of writing. Oil prices recovered further ground on Friday after touching three-week lows in the previous session, responding to a record decline in U.S. growth as the coronavirus ravaged the world’s biggest economy and oil consumer.

In the Cryptocurrency Markets, Bitcoin increased 0.87% to 11095.60 and Ethereum inched up 5.18% to 336.00 respectively in the last 24 hours. In news related to the cryptocurrency markets, Recent Q2 financial details from blockchain-involved company ‘Overstock’ listed on Nasdaq showed triple-digit percentage growth as compared to the same time in 2019. The Total net revenue was $783 million which showed an increase of 109% year over year and the Gross profit was $180 million or 23.0% of total net revenue, an improvement of 321 basis points year over year.

TECHNICAL SUMMARY​

EUR/USD

EUR/USD D1

TRADE SUGGESTION- BUY AT 1.18860, TAKE PROFIT AT 1.19250 AND STOP AT 1.18425



USD/JPY

USD/JPY D1

TRADE SUGGESTION –SHORT SELL AT 104.450, TAKE PROFIT AT 104.000 AND STOP AT 104.732



EUR/JPY

EUR/JPY D1

TRADE SUGGESTION- BUY AT 124.010, TAKE PROFIT AT 124.425 AND STOP AT 123.686



AUD/USD

AUD/USD D1

TRADE SUGGESTION- BUY AT 0.71900, TAKE PROFIT AT 0.72000 AND STOP AT 0.71750


NATURAL GAS

NATURAL GAS

TRADE SUGGESTION- BUY AT 1.833, TAKE PROFIT AT 1.877 AND STOP AT 1.800



SILVER

SILVER D1

TRADE SUGGESTION- BUY AT 24.050, TAKE PROFIT AT 24.540 AND STOP AT 23.680





NASDAQ

NASDAQ D1

TRADE SUGGESTION- BUY AT 10890, TAKE PROFIT AT 11050 AND STOP AT 10720

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[capitalstreetfx]

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

DAILY REPORT - 19th Aug 2020​

In Major news overnight, the S&P 500 managed to recover from earlier losses as it rose to an all-time high. The S&P 500 futures rose to an all-time high on Tuesday with 0.23% gain on the day, to 3,389.78. In early trading today, Dow futures were trading lower by 0.24% at 27,778.07 and Nasdaq 100 futures inched up 0.73% to 11,210.84, at the time of writing.

European equities are trading in positive territory, with food and beverages inching 0.3% higher. In the Cash Markets, the CAC 40 rose 0.04% at 4,938.92 and the DAX inched up 0.04% to 12,883.25, while the STOXX 600 edged 0.2% lower, at the time of writing.
Asia-Pacific markets were trading in mixed territory. In the cash markets today, the ASX 200 rose 0.77% and was trading at 6,143.34. The Shanghai Composite dropped 0.3% while the Shenzhen component inched down 1.054%. In Japan, the Nikkei 225 rose by 0.25% and the Topix index advanced 0.12%. at the time of writing.

On the earnings front, Bright Mountain Media Inc, Pharmagreen Biotech, and Teo Foods Inc. are scheduled to report their quarterly results before the U.S. market opens today.

On the data front, the U.K. Consumer Price Index YoY came out earlier today, with the reading at 1.0%, higher than the previous figure of 0.6%. In the United States, the FOMC Minutes are scheduled to be released by the Board of Governors of the Federal Reserve later today. In other data to eat h out, Canadian Core Consumer Price Index YoY will be released at 12:30 local time today.

The dollar index was steady at 92.333 after hitting a more than two-year low of 92.154 in the last session.The Japanese yen was trading at 105.58 per dollar followed by its previous high of 105.09 against the greenback. The Australian dollar was trading at $0.7234. USD/CAD inched down 0.15% to 1.3147 while Euro futures fell 0.01% and were trading at 1.1946. NZD/USD rose 0.48% to 0.6628 and GBP futures rose 0.11% to 1.3259, at the time of writing.

In the Commodity Markets, gold futures fell 0.5% to $2,002.50 and Spot gold was down 0.4% at $1,993.68 per ounce. Silver dropped 0.3% to $27.58 per ounce. Platinum inched down 0.5% to $950.63, and palladium slipped 0.7% to $2,173.62. Brent crude futures fell 0.7%, to $45.13 a barrel, at the time of writing. U.S. West Texas Intermediate crude futures were down 0.5%, at $42.68 a barrel.

In the Cryptocurrency Markets, Bitcoin dropped 3.51% to $11,816.9 and Ethereum inched down 4.16% to $413.03 respectively in the last 24 hours. Litecoin fell 5.80% to $63.186 and Dash rose 7.07% to $90.44, at the time of writing.

In news related to the cryptocurrency markets, Ren is in second place behind Wrapped Bitcoin, with ren BTC accounting for around 9.5K currently, after reaching the 10K mark on August 17. In other news from the world of Digital Currency, with the global air industry in disruption due to the coronavirus pandemic and an increase in flight delays and cancellations, a startup company in Bulgaria has come up with the option for travellers to receive compensation in Bitcoin.

TECHNICAL SUMMARY

EUR/USD

EUR/USD D1

TRADE SUGGESTION- BUY AT 1.19265, TAKE PROFIT AT 1.19999 AND STOP AT 1.18507

GBP/USD

GBP/USD D1

TRADE SUGGESTION –BUY AT 1.32310, TAKE PROFIT AT 1.33240 AND STOP AT 1.30865


NZD/USD

NZD/USD D1

TRADE SUGGESTION- BUY AT 0.65965, TAKE PROFIT AT 0.66673 AND STOP AT 0.64989


EUR/CAD

EUR/CAD D1

TRADE SUGGESTION- BUY AT 1.56995, TAKE PROFIT AT 1.57870 AND STOP AT 1.54918


FTSE 100

FTSE 100 D1

TRADE SUGGESTION- SELL AT 6082.3, TAKE PROFIT AT 6000.5 AND STOP AT 6179.1


BOEING CO.

BOEING CO. D1

TRADE SUGGESTION- SELL AT 171.16, TAKE PROFIT AT 166.99 AND STOP AT 176.20

GOLD

GOLD D1

TRADE SUGGESTION- BUY AT 1985.70, TAKE PROFIT AT 2012.19 AND STOP AT 1950.86


RIPPLE

RIPPLE D1

TRADE SUGGESTION- SELL AT 0.288700, TAKE PROFIT AT 0.265100 AND STOP AT 0.312500

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[capitalstreetfx]

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

DAILY REPORT - 20th Aug 2020​

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

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

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

On the data front, euro area construction output for the month of June released earlier at 10 a.m. London's time today. The actual reading was 4.04% which was 29.37% higher than the previous data. The European Central Bank (ECB) will release the account of its previous monetary policy meeting later today. The last major data release today is from the US. The United States will release its Initial Jobless Claims Data for this week at 8:30 am local time today.
The dollar was flat at 92.983 on Thursday morning over disappointing minutes from the last policy meeting of the U.S. Federal Reserve. The USD/CNY pair inched up 0.02% to 6.9202. USD/CAD inched up 0.11% to 1.3223 and NZD/USD fell 0.40% to 0.6531, at the time of writing.

The Australian dollar fell below 72 cents and is trading at $0.7185 after hitting an 18-month high of $0.7275 before the meeting. Japanese yen futures fell to 0.943000. EUR/USD traded 0.1% higher at 1.1849 after a similar sharp drop. GBP futures fell 0.33% to 1.3077 while Euro futures were down 0.35% and were trading at 1.1821,

In the Commodity Markets, oil prices weakened after the release of the Fed’s minutes. The minutes amounted to a warning about the recovery in demand while U.S. oil inventories dropped for a fourth straight week. U.S. crude futures traded 1% lower at $42.69 a barrel, while the international benchmark Brent Crude inched down 0.8%, to $45.01 a barrel.

In the Precious Metals Market, Gold advanced after the sharp drop in yesterdays session. Spot gold rose up 0.9% at $1,946.09 per ounce, and gold futures dropped 0.7% to $1,955.85 per ounce. Silver inched up 1.2% to $27.05 per ounce, platinum increased 0.8% to $938.81, and palladium advanced 0.3% to $2,163.50.

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

TECHNICAL SUMMARY

EUR/USD

EUR/USD D1

TRADE SUGGESTION- SELL AT 1.18502, TAKE PROFIT AT 1.17926 AND STOP AT 1.19166

USD/CHF

USD/CHF D1

TRADE SUGGESTION – BUY AT 0.91427, TAKE PROFIT AT 0.92321 AND STOP AT 0.90536


EUR/GBP

EUR/GBP D1

TRADE SUGGESTION- BUY AT 0.90370, TAKE PROFIT AT 0.90765 AND STOP AT 0.89571


AUD/USD

AUD/USD D1

TRADE SUGGESTION- BUY AT 0.71716, TAKE PROFIT AT 0.72735 AND STOP AT 0.69971


NIKKEI 225

NIKKEI 225 D1

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


FORD MOTOR CO.

FORD MOTOR CO. D1

TRADE SUGGESTION- SELL AT 7.00, TAKE PROFIT AT 6.70 AND STOP AT 7.48

CRUDE OIL

CRUDE OIL D1

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


BTC/USD

BTC/USD D1

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

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[capitalstreetfx]

The report presents a summary of all upcoming and recent fundamental events as well as technical analysis for the major markets.
DAILY REPORT – 26Th Aug 2020
​

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

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

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

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

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

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

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

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

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

TECHNICAL SUMMARY

EUR/USD

EUR/USD D1

TRADE SUGGESTION- BUY AT 1.18159, TAKE PROFIT AT 1.18639 AND STOP AT 1.17675

GBP/USD

GBP/USD D1

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


USD/JPY

USD/JPY D1

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


USD/CAD

USD/CAD D1

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


NASDAQ 100

NASDAQ 100 D1

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


SILVER

SILVER D1

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

GOLD

GOLD D1

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

BTC/USD

BTC/USD D1

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

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[capitalstreetfx]

The report presents a summary of all upcoming and recent fundamental events as well as technical analysis for the major markets.
DAILY REPORT – 8th Sept 2020 ​

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

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

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

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

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

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

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

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

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

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

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

TECHNICAL SUMMARY

EUR/USD

EUR/USD D1

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

GBP/USD

GBP/USD D1

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


USD/JPY

USD/JPY D1

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


USD/CHF

USD/CHF D1

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


NASDAQ 100

NASDAQ 100 D1

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

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[capitalstreetfx]

The report presents a summary of all upcoming and recent fundamental events as well as technical analysis for the major markets.
DAILY REPORT – 9th Sept 2020 ​

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

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

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

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

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

In the Commodity Markets, Crude Oil was trading mixed. Global benchmark Brent Crude futures inched up 0.2% to $45.22 per barrel. WTI crude futures rose 2.01% to $37.49 per barrel. In the precious metal, Spot gold inched down 0.2% to $1,935.88 per ounce. U.S. gold futures inched up 0.1% to $1,941.60. Elsewhere, silver rose 0.24% to $26.920 per ounce, platinum edged down to $907.32, and palladium dropped 0.66% to $2,280.47.
In the Cryptocurrency Markets, In a recent post by Chainalysis says that Ukraine has the first place in the Global Crypto Adoption Index 2020, accompanied by Russia and Venezuela at the second and third rank, respectively. BTC/USD inched down 0.85% and was trading at 10,645.0. Ethereum inched down 1.44% to $348.85. Litecoin was down 1.12% to 40.850, and Dash fell 3.54% to 75.15. Ripple edged down 0.90% to 0.224297, at the time of writing.

TECHNICAL SUMMARY

EUR/USD

EUR/USD D1

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

GBP/USD

GBP/USD D1

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


USD/CAD

USD/CAD D1

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


NZD/USD

NZD/USD D1

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


DOW JONES

DOW JONES D1

TRADE SUGGESTION- SELL AT 27490, TAKE PROFIT AT 27155 AND STOP AT 278025

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[capitalstreetfx]

The report presents a summary of all upcoming and recent fundamental events as well as technical analysis for the major markets.
DAILY REPORT – 10th Sept 2020 ​

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

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

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

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

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

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

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

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

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


TECHNICAL SUMMARY

EUR/USD

EUR/USD D1

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

GBP/USD

GBP/USD D1

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


USD/JPY

USD/JPY D1

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


USD/CHF

USD/CHF D1

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


S&P 500

S&P 500 D1

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

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[capitalstreetfx]

The report presents a summary of all upcoming and recent fundamental events as well as technical analysis for the major markets.
DAILY REPORT – 11Th Sept. 2020​

Britain’s recovery from the coronavirus pandemic continued as shops reopened and manufacturing activity resumed, but the economy has grown slowly. GDP now stands at 18.6% which is a little higher than the previous low ebb in April. However, it remains 11.7% below the levels indicated in February 2020 before the infection transmission to Britain.
European stock markets were opened mixed on Friday, with investors having an eye on a comparatively optimistic ECB and new weakened statistics of the Wall Street. The pan-European Stoxx 600 declined by 0.91% to 367.12. In the Cash Markets, the CAC 40 was trading lower by 0.38% at 5028.43 and the DAX declined by 0.26% to 13,202. Euro Stoxx 50 declined 0.36% to 3,312.09, at the time of writing.
Stocks in Asia-Pacific were trading mixed in early trade session today as the drop in the movement of the regional technology stock sector stateside. Mainland

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were also mixed by the afternoon, with the Shanghai Composite inched down 0.21% whereas the Shenzhen Component rose moderately. Hong Kong’s Hang Sang Index edged up 0.42%.
Meanwhile, in Japan, the Nikkei 225 rose 0.35% to 23,207.5, in the afternoon trading session. While the Topix index inched up 0.47% to 1620.75. South Korea’s Kospi inched down 0.65% to 315.45. And Australia’s S&P/ASX 200 dropped 0.74% to 5849.0.
Overnight in the United States, The Dow Futures is up by 0.56% to 27,753 while Nasdaq 100 futures declined by 2.12% and S&P 500 futures decreased 1.76% to 3,33987 respectively.
In corporate news, Shares of major Mier Rio Tinto dipped around 0.8% after the firm announced its chief executive Jean-Sébastien Jacques, who led the mining giant since 2016, will be stepping down by mutual agreement
On the Data front, GBP Manufacturing Production that measures the change in the overall inflation-adjusted value of output produced by manufacturers released today at 2:00 local time today. The actual rate is 6.3%, which is higher than the 5.05 forecast. EUR ECB President Lagarde Speak is scheduled at 5:30 local time today. From the USA, USD Core CPI Mom for the month of August will be released later in the day.
In the currency markets, the U.S. Dollar Index edged down 0.12% to 92.882, after an earlier high of 93.352. The USD/JPY gained 0.04% to 106.16. The AUD/USD was up by 0.37% to 0.7284 and the NZD/USD pair edged up by 0.24% to 0.6665. The USD/CNY pair inched down to 6.8833. The GBP/USD pair inched up 0.0027% to 1.2827, at the time of writing.
In the Commodity Markets, Gold prices fell on Friday as the U.S. dollar rebounded, spot Gold was down 0.8% at $1,938.53 per ounce by 0308 GMT, after hitting its best level since September 2 at $1,965.94 on Thursday. Gold has gained 0.4% this week. U.S. gold futures fell 0.8% to $1,948. Elsewhere, silver dropped 1.2% to $26.61 per ounce and palladium lost 0.7% to $2,278.86. Platinum eased 0.4% to $922.43, but was heading for its best week since week-ending August 7, up 3%.
Oil prices were lower in the afternoon of Asian trading hours, U.S. crude futures traded 0.3% lower at $37.19 a barrel, while the international benchmark Brent contract fell 0.4% to $39.89. Both major benchmarks are down around 6.5% for the week and headed for a second week of declines.
In the Cryptocurrency Markets, BTC/USD inched down 0.49% and was trading at $10,283.6. Ethereum edged down 1.34% to $363.15. Litecoin fell 0.80 to $48.157, and Dash inched down 0.43% to 75.21. Ripple edged down 0.17% to 0.2353, at the time of writing.

​

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[capitalstreetfx]

The report presents a summary of all upcoming and recent fundamental events as well as technical analysis for the major markets.
DAILY REPORT – 15th Sept 2020 ​

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

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

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

European stock markets opened mixed on Tuesday, The DXA futures contract in Germany traded 0.4% higher, CAC 40 futures in France dropped 0.1%, while the FTSE 100 futures contract in the U.K. fell 0.4%. U.S. stock futures ticked slightly higher early Tuesday morning Dow and S&P 500 both gained more than 1% .
On the data front, U.K. Average Earnings Index +Bonus The Average Earnings Index measures change in the price businesses and the government pay for labor, including bonuses. Germany ZEW Economic Sentiment The German Zentrum für Europäische Wirtschaftsforschung (ZEW) Economic Sentiment Index gauges the six-month economic outlook.

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

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

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

Oil prices edged lower Tuesday, weighed by worries about the outlook for global fuel demand ahead of a meeting later this week of the Organization of Petroleum Exporting Countries and its allies. U.S. Crude futures traded 0.1% lower at $37.24 a barrel, while the international benchmark Brent contract fell 0.2% to $39.55.

In the Cryptocurrency Markets, BTC/USD inched up 0.33% and was trading at $10,690.4.07 Ethereum edged down 0.53% to $374.24. Litecoin up by 2.07% to 44.707, and Dash inched down 0.55% to $74.956. Ripple inched up 0.17% to $0.2409, at the time of writing.

TECHNICAL SUMMARY

EUR/USD

EUR/USD D1

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

GBP/USD

GBP/USD D1

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

USD/JPY

USD/JPY D1

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


USD/CHF

USD/CHF D1

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


NASDAQ 100

NASDAQ 100 D1

TRADE SUGGESTION- SELL AT 11183.25, TAKE PROFIT AT 10938.00 AND STOP AT 11428.47


BRENT CRUDE

BRENT CRUDE D1

TRADE SUGGESTION- SELL AT 39.34, TAKE PROFIT AT 37.94 AND STOP AT 40.74

GOLD

GOLD D1

TRADE SUGGESTION- BUY AT 1966.37, TAKE PROFIT AT 1983.92 AND STOP AT 1948.82

BTC/USD

BTC/USD D1

TRADE SUGGESTION- BUY AT 10722.56, TAKE PROFIT AT 11342.25 AND STOP AT 10102.88

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[capitalstreetfx]

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​

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

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

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

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

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

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

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

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

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

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

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

TECHNICAL SUMMARY​

EURUSD

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

GBPUSD

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

USDJPY

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

USDCHF

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

DAX 30 Indax

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

BRENT CRUDE OIL FUTURES

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

GOLD

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

ETHEREUM

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

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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.