You don't understand a specific financial term ? Visit our Forex glossary
Page 3 of 80 FirstFirst 123451353 ... LastLast
Results 21 to 30 of 799
  1. #21
    CapitalStreetFX is offline Senior Member
    Join Date
    Sep 2016
    Posts
    797

    Default



    U.S Stocks Nose-dive, Weighed By Fears of Rate Increase and Tumbling Crude Prices

    Sp500 index has witnessed the biggest losing session on Friday since June 27 when the benchmark dropped more than 1%. Investors were rattled by hawkish comments by Federal Reserve officials that backed a U.S. interest rate hike while a slump in crude prices dragged down energy sector.

    Boston Fed President Eric Rosengren, who is a voting member of the Fed’s policy committee and therefore will have a vote in the Fed’s decision, stated on Friday that “based on data that we have received to date…a reasonable case can be made for continuing to pursue a gradual normalization of monetary policy”.

    None of 10 S&P500 sectors traded in the green. Two worst performers are utilities and telecoms that were both down around 3%. Energy shares, dropped 2.1 percent, due to more than 3% decline in crude prices.

    Trade suggestion

    Buy Limit at 2120.00, Take profit at 2125.30 , Stop loss at 2104.15
    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.

  2. #22
    zonefx is offline Junior Member
    Join Date
    Sep 2016
    Posts
    5

    Default

    support & earn weekly 150$! http://tinyurl.com/zpy93kv

  3. #23
    CapitalStreetFX is offline Senior Member
    Join Date
    Sep 2016
    Posts
    797

    Default



    Fed Speak Causes Friday SellOff, BOE Under Spotlight In Coming Week

    The past week, especially Friday, was good for the U.S dollar on the one hand, but on the other hand, turned out to be a nightmare for the equity and bond markets. While the greenback advanced against most of its peers, fueling the dollar index to a higher close, settling at 95.38, up 0.38% on the day. European and U.S stocks however, posted their biggest daily losses since the Brexit selloff.

    The Dow Jones fell 2.1%, to 18085.45, S&P 500 declined 2.45% to 2127.81, and Nasdaq Composite lost 2.54% to close at 5215.91, after European shares finished the week lower. The U.K.’s FTSE 100 was down 1.19% over the week, while the French CAC index and the German DAX ended the Friday session around 1% lower.

    Revived speculation over a U.S interest rate increase as soon as this month helped boost the dollar and created fears of a trend towards tightening monetary policy that would negatively impact investors holding shares in general and shares of dividend payers like utilities and telecommunications companies, as the opportunity cost of holding shares increases.

    Among comments made by Fed officials on Friday, statements by Boston Fed President Eric Rosengren, heightened market volatility the most. Rosengren is a voting member of the Fed’s policy committee and therefore will have a say in the Fed’s decision.

    Having advocated low rates in the recent past, and widely considered to be a dovish member, Rosengren stated that “based on data that we have received to date…a reasonable case can be made for continuing to pursue a gradual normalization of monetary policy”. The FOMC voter echoed hawkish statements by other Fed Members recently, by warning over the risks of waiting too long to tighten and confirmed that the economy is performing quite well with the labor market nearing full-employment and inflation slowly returning towards the 2% target.

    Until the monetary policy meeting scheduled on September 20-21, there will be only one more speech by any Fed Member ahead of the blackout period for public comments by Fed Members. The central bank’s most dovish official, Governor Lael Brainard, will be delivering a previously unannounced speech on Monday at The Chicago Council on Global Affairs.

    Last week, three central bank meetings were concluded with no new policy changes announced. Reserve Bank of Australia decided to stand pat on interest rates on Tuesday and Bank of Canada maintained its overnight rate at 0.5% as anticipated, but the European Central Bank disappointed markets even though it left the rates unchanged.

    The ECB had been expected to extend its asset purchase program of buying €80 billion worth of bonds a month, beyond the March 2017 end-date, but ECB President Draghi stated that policy makers didn’t even discuss any fresh stimulus measures and gave no explicit guidance about the central bank’s next moves.

    Eurozone data released in the past week was disappointing – with service-sector activity stagnating around a 19-month low, industrial production plunging and inflation being stuck near zero and showing no signs of coming close to the central bank’s target of 2%. In the coming week, the German ZEW Economic Sentiment survey, Eurozone trade balance and EU CPI(August Final) are on the calendar of data releases, but none of these releases are expected to be major market movers for the euro.

    The British Pound will be in focus next week with a chain of data being released before the Bank of England’s monetary policy announcement. Most of the data released recently are considered to be broadly indicative of the outlook for the British economy, for a full month after the Brexit vote. The data readings, especially readings from the service sector that have pointed to an expansion, have mostly been above expectations, indicating the limited impact of Brexit on the country’s economy.

    Data on inflation, employment and retail sales is due to be reported in the coming week. The U.K. Office for National Statistics will publish data on consumer price inflation for August on Tuesday, monthly jobs report on Wednesday, and data on retail sales on Thursday.

    Chinese industrial production and retail sales data by the National Bureau of Statistics is scheduled to be released on Tuesday. Markets expect factory output to have risen by 6.1% last month, after increasing by 6.0% in July, while August’s retail sales are forecast to report a growth rate similar to the July rate of growth at 10.2%.

    These numbers could impact the AUD and NZD, as China is their largest trading partner. Dairy prices continue to rise helping the Kiwi to outperform the Aussie and are creating pressure on the AUD/NZD cross, taking it to the lowest level since late April 2015.

    In the week ahead, the main focus for the New Zealand dollar will be second-quarter GDP data, which is expected to report the strongest performance since the last quarter of 2013. A positive reading will push the NZD higher across the board, and pave the way for the AUD/NZD pair to retreat further.

    The Swiss National Bank’s quarterly policy assessment is due on Thursday with most economists expecting the central bank’s benchmark interest rate to remain unchanged at -0.75%. According to Reuters, the SNB will stick to its commitment towards foreign currency interventions in order to reduce demand for the franc.

    In the energy markets the focus remains on Oil. Oil prices tumbled on Friday but closed the week higher, fueled by Russia and Saudi Arabia’s commitment to work together to help rebalance the markets and a surprisingly large drawdown in U.S. crude stocks.

    U.S. Energy Information Administration confirmed a huge draw-down in U.S. crude inventories on Thursday. The surprise development 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.

    Crude prices may receive further support next week, as U.S oil producers could be hit by a delay in the North Dakota oil pipeline construction. Following ongoing protests from environmentalists and Native American tribes, the U.S. Justice Department asked operators of the Dakota Access pipeline to suspend construction along a 40-mile (64 km) stretch in North Dakota on Friday. With the suspension, local oil producers and shippers are facing the possibility of greater delays in setting up a quick route to ship oil to the Gulf of Mexico.

    For the week ahead, oil traders will be focusing on U.S. oil supplies data on Tuesday by the American Petroleum Institute, data on stockpiles by the U.S. Energy Information Administration on Wednesday, and U.S. oil rig count by Baker Hughes on Friday for fresh supply-and-demand balance signals.
    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.

  4. #24
    CapitalStreetFX is offline Senior Member
    Join Date
    Sep 2016
    Posts
    797

    Default



    Daily Report on September 12, 2016

    The global equity selloff resumed in Asia after clouding European and U.S markets on Friday. Investor confidence in equities was shattered by slumping oil prices and concerns that the world’s biggest central banks are slowing down the pace of unleashing aggressive easing measures, while the U.S Federal Reserve may start increasing its benchmark rates as soon as next week.

    MSCI's broadest index of Asia-Pacific shares outside Japan fell by 1.9 percent, followed by Shanghai with a fall of 1.5 percent, while Australian stocks sank 2 percent, marking the largest daily drop since the selloff in late June following the Brexit vote. Japan’s Nikkei 225 lost 1.5 percent as the yen gained ground, thanks to rising demand for safe-haven assets and surprise gains in Japanese core machinery orders.

    According to Japan’s Cabinet Office data reported on Monday, the country’s core machinery orders increased unexpectedly by 4.9% in July (seasonally adjusted), contrasting with estimates calling for a decline of 2.8%. The gauge for mid-term capital spending rose for a second straight month after spiking 8.3% in June, easing some pessimism over negative effects of a stronger yen on business investment.

    Oil prices extended losses after falling nearly 4% on Friday as a result of an increase in the number of rigs drilling for crude oil last week and an upcoming output ceiling instead of a freeze deal at current levels. U.S drillers increased the number of oil rigs for a 10th week out of the past 11 weeks to 414, the most since February, said Baker Hughes Inc. Meanwhile, OPEC and other producers are mulling over a voluntary a deal involving each country committing that its production quantities shall not surpass a certain ceiling.

    These voluntary oil output caps are to accommodate the demand of Iran, Libya and Nigeria to raise their output. Even though this solution seems not to be as effective as an output freeze agreement, it still promises to prevent a collapse which had happened previously in Doha, due to Iran’s bid to regain its pre-sanctions market share while Nigeria and Libya are looking to increase production after political turmoil restricted output.

    The market focus on this quiet Monday is on the speech by the most dovish Fed Governor Lael Brainard. She will make the last scheduled appearance by a U.S. central banker before the traditional pre-meeting quiet period until Fed officials gather in Washington on September 21.



    Technicals

    AUDUSD

    Fig: AUDUSD H4 Technical Chart

    AUDUSD has fallen back into the descending trading channel following a decisive slide last week. The pair also attempted to surpass the 38.2% level but exhausted bears could not retain the momentum and had to let go of the milestone and the pair has pulled back. Nonetheless, the Aussie is expected to breach this support as the MA20 has crossed through the MA50 from above. The crossover has signaled further retreat in the AUDUSD. The upside is limited as the prices are contained in the channel.

    Trade suggestion

    Sell Stop at 0.75250, take profit at 0.74880, stop loss at 0.75550



    USDCAD

    Fig: USDCAD H4 Technical Chart

    USDCAD has broken out of the triangle formation, trading higher for the fourth trading day in a row. Bulls have pushed the market into an overextended state as RSI index is lingering around the 70 threshold. Profit taking has depressed the price from the highs around key level 1.30800 but the two MAs have converged below the price action, supporting further advances.

    Trade suggestion

    Buy Stop at 1.30800, take profit at 1.31460, stop loss at 1.30187

    EURCHF

    Fig: EURCHF H4 Technical Chart

    EURCHF is once again heading for the 61.8% Fibonacci retracement at 1.09774 and attempting to break above this level. Looking back at the previous failed attempts in the past, we can see that every time the pair tried to make a breakout, the market had already entered the overbought zone. As a result, the bulls failed to maintain their momentum, and had to let the bears step in. This time, the pair is on the rise after a correction with %K line penetrating the %D line from below and pointing up from the current level at around 50. With support from the two MAs placed below the price action, EURCHF is likely to retest the high at 1.09995 created on September 01.

    Trade suggestion

    Buy Stop at 1.09775, take profit at 1.09995, stop loss at 1.09585


    GOLD

    Fig: GOLD H4 Technical Chart

    Gold slid back below the 1330.00 threshold as a result of a steep drop from more than three-week highs at around 1352.50 which were reached last week. The yellow metal had reached the overbought zone as a result of this sharp spike. As can be seen from the stochastic chart, the %K line has crossed over the %D line and gold is experiencing some corrective moves. Coupled with the fact that 1330.00 is a firm zone of resistance, and that the market remains in bearish territory, the current up moves are not expected to last long.

    Trade suggestion

    Sell Limit at 1330.00, take profit at 1324.55, stop loss at 1333.10



    BRENT

    Fig: BRENT H4 Technical Chart

    Brent opened the new week with a gap down and continued to head downwards to the 23.6% retracement level at 46.47. The crude price has crossed over the 50-period moving average from above, which has consolidated the downtrend. The RSI index that has only fallen to 38.28 thus far, suggests that there is further room for a retreat.

    Trade suggestion

    Sell Stop at 47.20, take profit at 46.47, stop loss at 47.83



    FTSE

    Fig: FSTE H4 Technical Chart

    Having declined more than 1% on Friday, the FTSE is on the verge of falling into a downward slopping trading channel. Sellers have reigned through the trading session on Friday, and ramped up the selloff so hastily that it didn’t give the index any chance of a bounce-back or consolidation. The market has fallen into the oversold zone but the wide gap between the %K line and the %D lines indicate little chances of a bounce-back. The index looks set to dip lower today.

    Trade suggestion

    Sell Stop at 6732.00, take profit at 6660.00, stop loss at 6767.60
    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.

  5. #25
    CapitalStreetFX is offline Senior Member
    Join Date
    Sep 2016
    Posts
    797

    Default Daily Report on September 12, 2016 by Capital Street FX



    Daily Report on September 12, 2016

    The global equity selloff resumed in Asia after clouding European and U.S markets on Friday. Investor confidence in equities was shattered by slumping oil prices and concerns that the world’s biggest central banks are slowing down the pace of unleashing aggressive easing measures, while the U.S Federal Reserve may start increasing its benchmark rates as soon as next week.

    MSCI's broadest index of Asia-Pacific shares outside Japan fell by 1.9 percent, followed by Shanghai with a fall of 1.5 percent, while Australian stocks sank 2 percent, marking the largest daily drop since the selloff in late June following the Brexit vote. Japan’s Nikkei 225 lost 1.5 percent as the yen gained ground, thanks to rising demand for safe-haven assets and surprise gains in Japanese core machinery orders.

    According to Japan’s Cabinet Office data reported on Monday, the country’s core machinery orders increased unexpectedly by 4.9% in July (seasonally adjusted), contrasting with estimates calling for a decline of 2.8%. The gauge for mid-term capital spending rose for a second straight month after spiking 8.3% in June, easing some pessimism over negative effects of a stronger yen on business investment.

    Oil prices extended losses after falling nearly 4% on Friday as a result of an increase in the number of rigs drilling for crude oil last week and an upcoming output ceiling instead of a freeze deal at current levels. U.S drillers increased the number of oil rigs for a 10th week out of the past 11 weeks to 414, the most since February, said Baker Hughes Inc. Meanwhile, OPEC and other producers are mulling over a voluntary a deal involving each country committing that its production quantities shall not surpass a certain ceiling.

    These voluntary oil output caps are to accommodate the demand of Iran, Libya and Nigeria to raise their output. Even though this solution seems not to be as effective as an output freeze agreement, it still promises to prevent a collapse which had happened previously in Doha, due to Iran’s bid to regain its pre-sanctions market share while Nigeria and Libya are looking to increase production after political turmoil restricted output.

    The market focus on this quiet Monday is on the speech by the most dovish Fed Governor Lael Brainard. She will make the last scheduled appearance by a U.S. central banker before the traditional pre-meeting quiet period until Fed officials gather in Washington on September 21.



    Technicals

    AUDUSD

    Fig: AUDUSD H4 Technical Chart

    AUDUSD has fallen back into the descending trading channel following a decisive slide last week. The pair also attempted to surpass the 38.2% level but exhausted bears could not retain the momentum and had to let go of the milestone and the pair has pulled back. Nonetheless, the Aussie is expected to breach this support as the MA20 has crossed through the MA50 from above. The crossover has signaled further retreat in the AUDUSD. The upside is limited as the prices are contained in the channel.

    Trade suggestion

    Sell Stop at 0.75250, take profit at 0.74880, stop loss at 0.75550



    USDCAD

    Fig: USDCAD H4 Technical Chart

    USDCAD has broken out of the triangle formation, trading higher for the fourth trading day in a row. Bulls have pushed the market into an overextended state as RSI index is lingering around the 70 threshold. Profit taking has depressed the price from the highs around key level 1.30800 but the two MAs have converged below the price action, supporting further advances.

    Trade suggestion

    Buy Stop at 1.30800, take profit at 1.31460, stop loss at 1.30187

    EURCHF

    Fig: EURCHF H4 Technical Chart

    EURCHF is once again heading for the 61.8% Fibonacci retracement at 1.09774 and attempting to break above this level. Looking back at the previous failed attempts in the past, we can see that every time the pair tried to make a breakout, the market had already entered the overbought zone. As a result, the bulls failed to maintain their momentum, and had to let the bears step in. This time, the pair is on the rise after a correction with %K line penetrating the %D line from below and pointing up from the current level at around 50. With support from the two MAs placed below the price action, EURCHF is likely to retest the high at 1.09995 created on September 01.

    Trade suggestion

    Buy Stop at 1.09775, take profit at 1.09995, stop loss at 1.09585


    GOLD

    Fig: GOLD H4 Technical Chart

    Gold slid back below the 1330.00 threshold as a result of a steep drop from more than three-week highs at around 1352.50 which were reached last week. The yellow metal had reached the overbought zone as a result of this sharp spike. As can be seen from the stochastic chart, the %K line has crossed over the %D line and gold is experiencing some corrective moves. Coupled with the fact that 1330.00 is a firm zone of resistance, and that the market remains in bearish territory, the current up moves are not expected to last long.

    Trade suggestion

    Sell Limit at 1330.00, take profit at 1324.55, stop loss at 1333.10



    BRENT

    Fig: BRENT H4 Technical Chart

    Brent opened the new week with a gap down and continued to head downwards to the 23.6% retracement level at 46.47. The crude price has crossed over the 50-period moving average from above, which has consolidated the downtrend. The RSI index that has only fallen to 38.28 thus far, suggests that there is further room for a retreat.

    Trade suggestion

    Sell Stop at 47.20, take profit at 46.47, stop loss at 47.83



    FTSE

    Fig: FSTE H4 Technical Chart

    Having declined more than 1% on Friday, the FTSE is on the verge of falling into a downward slopping trading channel. Sellers have reigned through the trading session on Friday, and ramped up the selloff so hastily that it didn’t give the index any chance of a bounce-back or consolidation. The market has fallen into the oversold zone but the wide gap between the %K line and the %D lines indicate little chances of a bounce-back. The index looks set to dip lower today.

    Trade suggestion

    Sell Stop at 6732.00, take profit at 6660.00, stop loss at 6767.60
    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. #26
    CapitalStreetFX is offline Senior Member
    Join Date
    Sep 2016
    Posts
    797

    Default

    AUD/JPY signal by Capital Street FX

    From GMT 11:15 12/09/2016

    Till GMT 21:00 12/09/2016

    Sell at 76.500

    Take profit at 76.100

    Stop loss at 76.800
    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.

  7. #27
    CapitalStreetFX is offline Senior Member
    Join Date
    Sep 2016
    Posts
    797

    Default

    U.S Stocks Get A Boost As The Case for September Rate Hike Eases

    U.S. stocks rose on Monday morning after Atlanta Fed Bank President Dennis Lockhart and his Minneapolis counterpart Neel Kashkari, on separate speeches, stated that there was no “urgency” to take action given the state of the economy.

    Adding to the buying pressure was the remarks by Fed Governor Lael Brainard to the Chicago Council on Global Affairs. Ms. Brainard kept her stance as a dovish Fed member by arguing that potential weakness in the labor market and risks of foreign economic downturns cause the U.S economy not to be ready for leaving the its monetary stimulus too quickly.

    S&P500 index was up 0.7%, led by 1.21% increase in Telecommunication Services and 1.03% advance in Comsumer Staples.

    Trade suggestion

    Buy Stop at 2141.00, Take profit at 2150.30 , Stop loss at 2136.00
    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.

  8. #28
    CapitalStreetFX is offline Senior Member
    Join Date
    Sep 2016
    Posts
    797

    Default

    U.S Treasury Notes Tick Lower As Markets Brace for Higher U.S Rates

    U.S. government bonds fell further on Monday, sending yields to their highest levels since late June amid concerns that major central banks in Europe and Japan are reaching the limits of policy easing measures, and mounting speculation over this month’s rate hike by the U.S Federal Reserve.

    The bond market resumed its selloff on Thursday after the policy meeting of the European Central Bank when it disappointed investors by not extending the asset purchase program in which it is buying €80 billion worth of bonds a month, beyond the March 2017 end-date. Lower demand dampened bond prices and drove yields higher in return.

    Consequently, Treasuries no longer appear as attractive to foreign investors compared to local currency bonds as they did earlier this year, as the spike in other government bond yields has wiped out the “yield pick-up”. This is the amount foreign investors expect to earn when they sell local government bonds in their respective countries to invest the proceeds into buying 10-year U.S. Treasuries.

    Topping up the selling pressure were hawkish comments from the Federal Reserve Bank of Boston President Eric Rosengren, a Fed Member widely considered to be a dove. In a speech delivered on Friday, Rosengren discussed the risks of waiting too long to raise interest rates as the labor market has been near or at full employment, while inflation is slowly returning towards the central bank’s 2% target.

    Another Fed governor who has maintained a dovish stance on monetary policy will be speaking later on Monday. Lael Brainard has generally been advocating maintaining low rates in the current economic climate, and will round up the appearances by U.S. central bankers until they gather for the FOMC meeting on September 21 in Washington.

    Therefore, if a different argument, or hints of a change in opinion are delivered tonight, the possibility of a rate hike this month will shoot up, and in turn, pave the way for a further rise in bond yields. The Treasury Department is scheduled to auction the benchmark 10-year notes before Ms. Brainard’s speech. The uptake from the auction combined with the effects of the speech could magnify the volatility in the 10-year notes.



    Fig: US 10-year treasuries

    The 10 year T-notes have been on a slide since early June. The price once again fell below the 38.2% retracement level after a spike last week. With the downward pressure which being cast by the two moving averages placed above the price action, U.S 10-year treasury prices are anticipated to continue the downtrend and may retest the 50% fibonacci retracement level.

    Trade suggestion

    Sell Stop at 130.20, Take profit 129.90, Stop loss at 130.50
    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.

  9. #29
    CapitalStreetFX is offline Senior Member
    Join Date
    Sep 2016
    Posts
    797

    Default Daily Technical Analysis by Capital Street FX

    Daily Report on September 13, 2016



    Asian shares edged up on Tuesday, taking their cue from European and U.S equities last night which shot up on the dovish comments from Federal Reserve Governor Lael Brainard. In a speech to the Chicago Council on Global Affairs, Brainard – one of six permanent voters on the Fed committee – stated that a labor market which is not-yet-at-full-employment and economic weakness abroad may demand more prudence in the move toward tighter Fed policy.

    Brainard’s comments weakened the case for a September rate hike, triggering the recovery in stocks and weakening the U.S dollar.

    Large Japanese manufacturers turned optimistic over the country’s business conditions in the third quarter, the joint survey by the Ministry of Finance and the Economic and Social Research Institute showed on Tuesday. The business survey index (BSI) which measures business sentiment among big manufacturers’ during the July-September period, came out at 2.9, beating expectations for a reading of -6.5.

    The Australian dollar dipped slightly in early trade following comments from Reserve Bank of Australia assistant governor Christopher Kent on the need for a weaker currency. The central bank official said that the Aussie had not depreciated as much as expected in response to weaker commodity prices and cuts in interest rates that have brought the cash rate to a record low of 1.5%.

    Australia’s biggest trading partner, China, is reporting some signs of recovery after some disappointments in July. Data from the National Bureau of Statistics indicated that factory output, investment and retail sales all exceeded forecasts. Industrial production rose by 6.3 percent from a year earlier in August, retail sales climbed 10.6 percent last month, compared to the same period last year while fixed-asset investment increased 8.1 percent year to date.



    Technicals

    EURJPY



    Fig: EURJPY H4 Technical Chart

    EURJPY generally has been on a decline from as high as 115.938. The short-term MA has just crossed over the long-term MA from above, consolidating the downtrend. Sellers are still overwhelming the market, suggesting more down moves which may push the pair to as low as 113.930.

    Trade suggestion

    Sell Stop at 114.400, Take profit at 113.930, Stop loss at 114.430



    NZDUSD



    Fig: NZDUSD H4 Technical Chart

    After failed attempts to break above the 50% retracement at 0.74715, NZDUSD not only fell back into the ascending trading channel but also hit a more-than-one-week low at around 0.72898. The pair pulled back from the lower boundary of the channel and is currently facing firm resistance at 0.73420. Weakening bulls have failed to push the price past the MA20. The market remains in bearish territory. With the RSI pointing towards the oversold zone, further declines are expected.

    Trade suggestion

    Sell Stop at 0.73370, Take profit at 0.73110, Stop loss at 0.73650



    GBPCAD



    Fig: GBPCAD H4 Technical Chart

    GBPCAD has built upon the bullish formation, after some corrective moves. Buyers have reigned in the market since mid-August and taken the pair considerably higher. The two MAs placed below the price action are fueling the bullish momentum but the resistance at 1.74500 should be watched closely, as the market has reversed from this zone on multiple occasions previously

    Trade suggestion

    Buy Stop 1.74100, Take profit at 1.74500, Stop loss at 1.73660



    SILVER



    Fig: SILVER H4 Technical Chart

    Silver is struggling around the major resistance level at 19.2000, and the upside currently seems limited as the two MAs placed above the price action, and are casting downward pressure on prices. The last three candles with long upper shadows and almost no lower shadows show strong but careful bulls moving cautiously when the price nears the key resistance level. The %K line has entered the overbought zone, and may cross through the %D line from above, signaling a possible pullback.

    Trade suggestion

    Sell Stop at 19.100, Take profit at 18.850, Stop loss at 19.400



    WTI



    Fig: WTI H4 Technical Chart

    U.S crude prices continued to trade within the triangle formation, and have just pulled back from the upper boundary connecting lower lows since August 19. The 23.6% retracement level is within sight of the oil price. However, recently this level has been broken through quite easily. Therefore, if the bear can sustain its momentum, WTI may trader lower towards the lower boundary of the trading range.

    Trade suggestion

    Sell Stop at 45.80, Take profit at 45.00, Stop loss at 46.40



    EURO50



    Fig: EuroStoxx50 H4 Technical Chart

    Euro Stoxx 50 index rebounded from below the 38.2% level and broke back into the ascending trading range that has enveloped the recent price action. RSI has rallied from the oversold territory to near the 50 line. The resistance at 3050.00 is currently within sight of the price action. We should wait for the index to surpass this level before an uptrend can be confidently confirmed.

    Trade suggestion

    Buy Stop at 3050.00, Take profit at 3074.30, Stop loss at 3040.00
    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.

  10. #30
    CapitalStreetFX is offline Senior Member
    Join Date
    Sep 2016
    Posts
    797

    Default

    GBP/USD signal by Capital Street FX

    From GMT 12:35 13/09/2016
    Till GMT 21:00 13/09/2016

    Buy at 1.32000
    Take profit at 1.32500
    Stop loss at 1.31000
    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.

Page 3 of 80 FirstFirst 123451353 ... LastLast

Similar Threads

  1. Replies: 0
    Last Post: 02-13-2013, 08:06 PM
  2. Exto Capital Silver Technical
    By Exto in forum Other Currencies
    Replies: 0
    Last Post: 05-03-2010, 02:26 AM
  3. Exto Capital EURUSD Technical
    By Exto in forum EUR USD, GBP USD, USD CHF ...
    Replies: 0
    Last Post: 05-03-2010, 02:22 AM
  4. Exto Capital USDJPY Technical
    By Exto in forum USD JPY
    Replies: 0
    Last Post: 04-26-2010, 01:08 AM
  5. Exto Capital EURUSD Technical
    By Exto in forum EUR USD, GBP USD, USD CHF ...
    Replies: 0
    Last Post: 04-26-2010, 01:05 AM

Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
Comparing Versions of footer
 

Search Engine Friendly URLs by vBSEO 3.6.0