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  1. #11
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    USD/CHF signal by Capital Street FX

    From GMT 11:00 07/09/2016

    Till GMT 21:00 07/09/2016

    Sell at 0.96850

    Take profit at 0.96400

    Stop loss at 0.97650
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  2. #12
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    Comfortable Aussie Pressuring Wobbly Sterling – Selling GBPAUD Suggested

    The GBP and the AUD both trimmed their streak of gains versus the greenback on Wednesday. The Sterling has witnessed relatively larger declines after a report showed that U.K manufacturing output slumped at the fastest pace in a year.

    Data from the Office for National Statistics (ONS) indicated a sharp month-on-month contraction in the UK manufacturing sector in July, with activity falling by 0.9%, as factories restricted production in the immediate aftermath of the Brexit vote. Prior to today’s data, economists had forecast a 0.3 per cent decline in manufacturing production for July, on a month on month basis

    Among 13 manufacturing sub-sectors, only six recorded an output increase. Transport equipment manufacturers led the gainers with a 5.7% rate of growth(monthly basis), while the largest fall was recorded in the manufacture of pharmaceuticals, which decreased by 5.3%.

    The report also confirmed overall industrial production output rose 0.1% on a monthly basis in July, which defied expectations for a contraction, as the sharp decline in the manufacturing was offset by growth in the other three sectors, especially mining and quarrying with an increase of 4.7%.

    Today’s report is among the first official statistics offering a broad-based view of the economy for a full month after the Brexit vote. While recent data have delivered the message that the economy has so far held up better than expected, this negative report comes at a time when hopes were building, that a softening GBP (post Brexit) would support manufacturers by making British goods more attractive to overseas buyers.

    Investors are now turning their attention to Prime Minister Theresa May, who is preparing to begin negotiations with European Union leaders over the terms of the U.K.’s exit from the trading bloc. Theresa May is determined to begin EU exit negotiations early in 2017 in spite of warnings from a senior Tory MP that she should wait until French and German elections are concluded.

    On the other hand, the Australian dollar was not hit much versus sterling following the Australian Bureau of Statistics’ report that the rate of GDP growth in the second quarter decelerated to 0.5%. The Aussie has been trading quite comfortable since the Reserve Bank of Australia decided to stand pat on interest rates on Tuesday.



    Fig: GBPAUD D1 Technical Chart

    GBPAUD had to retreat from the resistance at 1.76700 as the pair could not stand the double trouble caused by the descending trend line connecting the lower highs from the period between May 26 to date, and the MA50, which is placed above the price action. As can be seen from the stochastic chart, the %K line is falling rapidly ahead of the %D line, after having crossed it recently from above, with a large distance between two lines. The currency pair is expected to decline further.

    Trade suggestion

    Sell Stop at 1.73800, Take profit at 1.71000, Stop loss at 1.76700
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  3. #13
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    Default USDCAD trade idea by Capital Street FX



    USDCAD Pares Losses After Weak Ivey PMI Data

    USDCAD reversed into an uptrend after the Bank of Canada decided to maintain the Overnight Rate on hold at 0.50% but stated that second-quarter gross domestic product was affected by a drop in exports that was “larger and more broad-based than expected.”

    Although in general, the central bank delivered an optimistic attitude towards its economy, analysts claimed that weak exports would demand the BOC unleash more monetary easing to drive stronger growth.

    The Loonie today was also hit by the Canadian Ivey PMI. The indicator released by the Richard Ivey School of Business, decreased from 57.0 points to 52.3 points, missing consensus estimate of 55.5 and signaling an aggressively decelerated expansion.

    Trade suggestion

    Buy Stop at 1.29000, Take profit at 1.29250, Stop loss at 1.28840
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  4. #14
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    Daily Report on September 08, 2016



    Crude prices extended their winning streak in early trading on Thursday after data from the American Petroleum Institute on Wednesday indicated that U.S crude stocks unexpectedly dropped by 12.1 million barrels last week. Oil hit one-week highs as the report was starkly contrasting with expectations of an increase of 200,000 barrels. Official data from the U.S government will be out later today. Should the data from the EIA confirm the drawdown, it will be the largest weekly decline since April 1985.

    Also on Wednesday, the U.S Labor Department published its monthly Job Openings and Labor Turnover Survey, or JOLTS, which pointed to tightening conditions in the labour market. U.S. job openings were reported to have surged to a record high in July. However, employers were having difficulty in filling vacancies with appropriately qualified workers.

    The number for worker demand increased by 228,000 to a seasonally adjusted 5.9 million – the highest level since the survey was started. In theory, this situation could spur faster wage growth. But according to the Fed’s latest Beige Book report, “expectations of wage growth for the coming months were modest” as a strong labor market failed to create much upward pressure on wages and prices.

    Data from Japan reported on Thursday that the Japanese economy grew by 0.7% in the second quarter compared with the same quarter last year. The reading for the annualized growth rate was revised upwards, from a preliminary reading of a 0.2% expansion. On a quarter-on-quarter basis, the world’s third biggest economy expanded by 0.2%, largely due to upbeat capital expenditure and inventories, which outpaced the decline in domestic and overseas demand caused by a strong yen.

    Official data from the Customs General Administration of China reported that the country’s trade surplus in August was slightly below July’s $52.31 billion at $52.05 billion and missed estimates for a reading of $58 billion. Weakening exports continued to weigh on the world’s second-largest economy. Exports slid by 2.8 percent on a year-on-year basis, following July's 4.4 percent drop.

    Investors are shifting their attention to the meeting of the European Central Bank where all main rates are expected to be left unchanged. President Mario Draghi will update growth and inflation projections in the Press Conference due after the rate decision.



    Technicals

    NZDUSD



    Fig: NZDUSD H4 Technical Chart

    NZDUSD has broken above the ascending channel but has currently been trading sideways below the 50.0% retracement at 0.74709. The pair is currently locked between the upwards sloping trendline, marking the boundary of the ascending channel, which is acting as a support and the resistance at the 50.0% Fibonacci level. A breakout is expected as the trading range is becoming narrower. The ADX is still pointing upwards, suggesting a continual uptrend.

    Trade suggestion

    Buy Stop at 0.74750, Take profit at 0.75200, Stop loss at 0.74400



    CADJPY



    Fig: CADJPY H4 Technical Chart

    CADJPY has been moving sideways within the price range from 78.750 to 79.175. The pair is currently in a phase of consolidation, after a sharp decline from a more than one month high at 80.298. The pair is under the downward pressure heaped by the two MAs placed above the price action. The short term MA20 has been an especially strong level of resistance so far, and has forced the price to reverse lower every time CADJPY has hit this resistance. Further declines are expected.

    Trade suggestion

    Sell Stop at 78.750, Take profit at 78.500, Stop loss at 79.200



    USDCAD



    Fig: USDCAD H4 Technical Chart

    USDCAD retreated after failing to break back above the support trendline underlying the price action created since August 18. After having violated the uptrend on Monday, the pair bounced back from the support at 1.28300 but could not cross back over the support trendline at around 1.29126, and was further pressured by the MA20 hovering above the price action. The market has remained in bearish territory but the near-term support at 1.28570 should be monitored carefully.

    Trade suggestion

    Sell Stop at 1.28570, Take profit at 1.28300, Stop loss at 1.29050



    SILVER



    Fig: SILVER H4 Technical Chart

    Silver resumed the uptrend after retreating from the high at 20.100. While the %K line reversed higher to penetrate the %D line from below, RSI remains in the bullish zone, indicating an overwhelming bull. With two MAs placed below the price action, silver is on course to soar higher.

    Trade suggestion

    Buy Stop at 19.900, Take profit at 20.100, Stop loss at 19.700



    COPPER



    Fig: Copper H4 Technical Chart

    Copper has breached the solid resistance at 2.0900 which restrained the metal for two weeks until yesterday. The RSI index has surged above the 50 line, and the MA20 has crossed over the long-term MA50 from below, preparing the stage for further advances in copper. Nonetheless, the up-move could be limited as prices are moving in an upward sloping channel and the upper boundary of the channel is foreseen to be a firm handle, where prices could be contained.

    Trade suggestion

    Buy Stop at 2.1050, Take profit at 2.1170, Stop loss at 2.0900



    NASDAQ



    Fig: NASDAQ100 H4 Technical Chart

    The Nasdaq failed to surpass major resistance at 4837.00, yet again, yesterday. Bulls are overshadowing the market but also taking cautious steps when facing this key level. The two MAs placed below the price action, are continuously fueling bullish momentum in the index but a chance for a break out is still even. Any considerable force that could help the index one way or the other, would need to come from the fundamental side. Therefore traders should be patient ahead of the crude oil inventory data due later today.

    Trade suggestion

    Sell Limit at 4837.00, Take profit at 4811.50, Stop loss at 4851.50
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  5. #15
    CapitalStreetFX is offline Senior Member
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    AUD/CAD signal by Capital Street FX

    From GMT 11:15 08/09/2016
    Till GMT 21:00 08/09/2016

    Sell at 0.99525
    Take profit at 0.99000
    Stop loss at 0.99970
    Become A Part Of Capital Street FX and benefit from the best offerings in the industry including*****HUGE TRADEABLE BONUSES***** RISK FREE TRADES***** CASH BACKS*****TIGHT TRADING CONDITIONS*****. Benefit from*****0 PIPS SPREADS*****200% BONUS*****1:1000 LEVERAGE***** 10% STOP OUT*****100% RISK FREE TRADES***** Join our IB program and earn upto 75% CPA commission and upto $20 per lot. Get in touch with us today and start withdrawing profit.

  6. #16
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    Blockbuster Economic Dominates Political Uncertainty – USDZAR Set To Crash

    USDZAR continued to drop on Thursday after a sole winning session in the month-to-date on Wednesday. News about a rebound in South Africa’s economy came at the same time as weaker-than-anticipated economic data from the the U.S. Prospects of a Federal Reserve rate hike in September worsened significantly after the weaker than expected data reading, which helped boost demand for higher-yielding emerging-market assets and in particular, helped power the Rand to rally nearly 6% in September against the background of political uncertainty.

    South Africa reaped the benefits of a weak rand in the second quarter, posting an 18.5% surge in exports and a 5.1% decline in imports. The country managed to avoid a recession in the April-June period, as mining and factory output rebounded. A report from the national statistics agency on Tuesday reported that the country’s gross domestic product (GDP) grew at an annualized rate of 3.3 percent on-year, recovering from a 1.2% contraction in the first quarter.

    Manufacturing, which accounts for the largest share in South Africa’s GDP at 13%, reported growth of 8.1% compared with the previous quarter, reaching the highest rate of quarterly growth in three years. Meanwhile, mining output recovered from an 18.1% decline in the first quarter to increase by 11.8% in the three months through June.

    Given the positive figures released a day earlier, The South African Reserve Bank Governor Lesetja Kganyago stated on Wednesday that “the Monetary Policy Committee will be able to revise upwards its annual economic performance estimates at the September meeting”. South Africa’s Central Bank is scheduled to hold its monetary policy meeting on September 22.

    The Rand added to its recent gains earlier today after an unexpected rise in Chinese imports. China’s imports rose for the first time in nearly two years in August, suggesting a pick-up in domestic demand and buoying commodity-linked currencies such as the Rand, as China is one of the biggest markets for all commodity producing countries(if not the biggest market).

    However, data from Statistics South Africa indicated that manufacturing output expanded only by 0.4% year-on-year in July, well below expectations of 3% advance after rising by a revised 4.7% in June. Factory production was also down 1.5% on a monthly basis last month. The results of the nation’s Q3 business confidence survey on Friday will round up the week for the Rand. Forecasts point to a dip from a reading of 32 points to 30.

    The currency has recently been under pressure due to political uncertainty after its respected Finance Minister Pravin Gordhan was summoned by a special unit of the police, in relation to an investigation over the activities of a surveillance unit set up during his time as head of South Africa’s tax agency. Gordhan has not been arrested but his case has put the country in danger of a ratings downgrade to junk level by rating agencies, as he is widely considered to be a progressive policy maker.



    USDZAR penetrated both the short-term and long-term Mas from above, heading back towards the nearly one-year low at 13.19334 after a sharp spike in the second half of August. Obviously bears have taken over the market. The –DI line has already crossed over the +DI from above while the RSI has retreated to 32.14 from the high of 42.52 reached during the recent rally. A short correction yesterday has balanced the market a little and prevented a move into the oversold territory. The RSI is indicating that there is room for the pair to fall further.

    Trade suggestion

    Sell Stop at 13.88000, Take profit at 13.64845, Stop loss at 14.08500
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  7. #17
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    Brent Rallies on Record U.S Crude Inventory Draw

    Crude prices jumped more than 4 percent on Thursday after the U.S. Energy Information Administration announced a not-so-surprisingly large drawdown in the country’s oil stocks. The report was considered as a confirmation for data published by the API which indicated a decrease of 12.1 million barrels last week.

    Thursday’s data showed U.S. crude stocks dropped by 14.5 million barrels in the week through September 02, to 511.6 million barrels, marking the biggest weekly drop in stockpiles since January 1999. This loss was driven by limited imports and shipping into the U.S. Gulf Coast owing to Tropical Storm Hermine last week.

    Trade suggestion

    Buy Stop at 50.00, Take profit at 50.25, Stop loss at 48.85
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  8. #18
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    Daily Report on September 09, 2016



    The European Central Bank decided to leave interest rates unchanged on Thursday as expected but disappointed the markets with a lack of dovish statements on the Euro. With no immediate action to extend/expand the current asset purchase plan, and no explicit guidance about the central bank’s next moves, the markets were left hanging dry by the ECB. Speaking at the press conference after the rate decision, ECB President Mario Draghi stated that the bank was studying potential changes to its asset-buying program, but maintained the March 2017 end-date for the plan.

    Crude prices pulled back on Friday as investors booked profits after prices rallied more than 4 percent a day earlier. U.S. Energy Information Administration confirmed a surprisingly huge draw-down in U.S. crude inventories, which had been reported first on Wednesday by the API. Government data showed that U.S. crude stocks dropped by 14.5 million barrels last week to 511.4 million barrels - the biggest weekly drop in stockpiles since January 1999.

    This loss was driven by limited imports and shipping activity in the U.S. Gulf Coast owing to Tropical Storm Hermine last week. Higher oil prices powered the U.S dollar’s rally overnight, by raising U.S. inflation expectations, which led some investors to speculate that the Federal Reserve could hike interest rates sooner rather than later despite a recent spate of disappointing economic data.

    Reports by China’s National Bureau of Statistics indicated that the country's consumer price inflation slowed to its weakest pace in almost a year in August. Food costs continued to abate despite unreliable agricultural production due to severe summer flooding. The consumer price index (CPI) growth posted the slowest pace of price inflation since October 2015. CPI growth was at 1.3 percent in August on a year-on-year basis, compared with a 1.8 percent increase in July. The producer price index (PPI) dropped 0.8 percent in August compared to a year earlier, virtually in line with expectations for a fall of 0.9 percent.



    Technicals

    EURGBP



    Fig: EURGBP H4 Technical Chart

    EURGBP has been on a sharp rise without a single bearish candle since it broke above the 50.0% retracement level at 1.09090. However, the aggressive and sharp up moves may have exhausted the bulls and slowed down the pace of the up-wave, which is showing up in the short bodies of the last two bullish candles (not including the current one). The pair may continue to surge higher, as the MA20 has converged with the MA50, and both are placed below the price action, thus powering the bullish momentum in EURGBP.

    Trade suggestion

    Buy Stop at 1.09600, Take profit at 1.09774, Stop loss at 1.09400



    GBPAUD



    Fig: GBPAUD H4 Technical Chart

    GBPAUD crawled back from the low at 1.72600 but has been hesitant around the 1.74150 level as the pair is facing a stiff zone of resistance at the trendline marking the descending downtrend created since May 26. A pullback is expected as there is no support for further advances, with the two MAs placed above the price action. Furthermore, the %K line of the stochastics has entered the overbought zone, indicating the possibility of upcoming profit-taking.

    Trade suggestion

    Sell Stop at 1.72600, Take profit at 1.72600, Stop loss at 1.75070



    AUDUSD



    Fig: AUDUSD H4 Technical Chart

    AUDUSD has entered a consolidation phase after nose-diving and moving past the 20-period moving average yesterday. The MA is now acting as a resistance and forcing the price to go down further after each attempt to gain back territory. The RSI has fallen from the overbought threshold to the neutral 50 level. AUDUSD is anticipated to retest the 23.6% retracement level at 0.76144.

    Trade suggestion

    Sell Stop at 0.76430, Take profit at 0.76144, Stop loss at 0.76730



    GOLD



    Fig: GOLD H1 Technical Chart

    Gold has been trading with a sideways to upwards bias since yesterday following a steep decline which depressed the precious metal below both the two moving averages. The MA20 has penetrated the MA50 from above is casting downward pressure on current up moves. Both MA's are currently placed above the price action. While the RSI is in bearish territory, the %K line has reversed lower and crossed the %D line from above. The metal is expected to pull back lower after attempting a test of the MA20 just above the price action.

    Trade suggestion

    Sell Stop at 1335.90, Take profit at 1330.00, Stop loss at 1342.50



    Natural gas



    Fig: Natural gas H4 Technical Chart

    Having surged sharply from the 23.6% retracement level, at 2.667, Natural gas’s up moves have slowed down. The two MAs placed below the price action are supporting further advances, but prices rising too far too fast have led the market into an overbought zone. The resistance from the upward sloping trendline through recent lows from early August to date is offering a strong road block to further gains currently. Natural gas is expected to reverse lower.

    Trade suggestion

    Sell Stop at 2.800, Take profit at 2.770, Stop loss at 2.825



    SP500



    Fig: SP500 H4 Technical Chart

    SP500 has been restricted below the MA20 recently, even though the index is moving in an upward trending price channel, with higher highs and higher lows since early August. The price is nearing the lower boundary of the channel and is forecast to fall out of the range as bulls seem to be losing steam, with the RSI index pointing downwards and remaining below the 50 line. Prices have broken below both the MA's from above and bounce-backs have not been able to cross back above the MA's thus far.

    Trade suggestion

    Sell Stop at 2177.50, Take profit at 2172.40, Stop loss at 2182.83
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  9. #19
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    EURUSD Longs In Play As ECB Powers Market Higher – Upside Limited

    EURUSD rose in the early European trading session on Friday, heading for a higher weekly closing for the first time in the last three weeks. The burden of a widely expected extension to the Eurozone’s asset purchasing program was taken off the Euro, which seems to be outweighing any negative impact from today’s weaker-than-expected data on the single currency.

    German Trade Balance Data for July that was reported earlier, came out with a lower than expected reading. According to the Federal Statistical Office, Destatis, Germany’s trade surplus for July fell to 19.4 billion euros ($21.9 billion) from a revised 21.4 billion euros in June, missing the forecasts for a surplus of 22.7 billion euros.

    In seasonally-adjusted terms, exports slipped by 2.6% from one month earlier and 10% compared to a year ago, while imports dropped by 0.7%. Subsequently, Germany’s current account balance showed a surplus of only 18.6 billion euros in July, well below expectations for a reading of 22.9 billion euros. The large contraction in July 2016’s data compared to the same month last year was in part because of July 2015 being among the strongest months of the entire 2015 for German exporters.

    Today, France’s National Institute of Statistics and Economic Studies (INSEE) reported that the country’s industrial production dropped unexpectedly in July. Industrial production in the EU’s second-largest economy fell by 0.6% in July, following a 0.7% decline in June. In particular, manufacturing of equipment skid by 3.3% on a month on month basis, in July, and production of transport materials lost by 1.4%.

    The euro seemed resilient after the data releases, as at the moment, the shared currency is not under any threat of rate cuts or any other upcoming stimulus measures. The European Central Bank decided to leave interest rates unchanged on Thursday as expected but disappointed the markets with no explicit guidance about the central bank’s next moves.

    Speaking at the press conference after the rate decision, ECB President Mario Draghi stated that the bank was studying potential changes to its asset-buying program, and maintained the March 2017 end-date for the ongoing program. However, he also reiterated the current risk to inflation and reassured markets that “If warranted, we will act by using all the instruments available within our mandate.”

    Investors are shifting their focus now to the meeting of the U.S Federal Reserve later this month. Despite a chorus of Fed officials including President Janet Yellen and her top Deputy Stanley Fisher signalling that the time to hike rates is approaching as the economy is at or near the full-employment level, investors have trimmed bets that the Fed would be raising rates as early as this month, especially after recent data echoing the disappointment of a smaller-than-expected NFP last Friday.



    EURUSD has been receiving huge support from both the 20-day and 50-day MA’s that were intercepted by the price action from below, earlier in the week. Both the MA’s are now placed below the price action and underpinning the current up-move. While the long-term moving average played an important role in supporting the market last week, the short term MA is currently acting as a handle that forces the euro to reverse higher, on every attempt to test it. The market has entered the bullish zone and set the stage for further advances. Nonetheless, the uptrend seems to be limited as a downward sloping trendline connecting the highs from earlier in the year, is currently weighing on the price action.

    Trade suggestion

    Buy Stop at 1.12740, Stop loss at 1.12278, take profit at 1.13100
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  10. #20
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    AUD/USD signal by Capital Stree FX

    FromGMT 14:00 09/09/2016
    TillGMT 21:00 09/09/2016

    Buy at 0.75810
    Take profit at 0.76140
    Stop loss at 0.75610
    Become A Part Of Capital Street FX and benefit from the best offerings in the industry including*****HUGE TRADEABLE BONUSES***** RISK FREE TRADES***** CASH BACKS*****TIGHT TRADING CONDITIONS*****. Benefit from*****0 PIPS SPREADS*****200% BONUS*****1:1000 LEVERAGE***** 10% STOP OUT*****100% RISK FREE TRADES***** Join our IB program and earn upto 75% CPA commission and upto $20 per lot. Get in touch with us today and start withdrawing profit.

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