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  1. #781
    CapitalStreetFX is offline Senior Member
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    Daily Report for September 29, 2017



    European shares advanced on Friday, on course for their best monthly gains this year after U.S. stock benchmark indices were at or near record highs in the previous session. In Asian trading session, MSCI’s broadest index of Asia-Pacific shares outside Japan jumped 0.4 percent, paring weekly losses to a 1.7 percent decline after falling for six days in a row.

    The index recorded a gain of around 4.7 percent for the quarter, completing its third quarterly gain, the best run since the end of the first quarter 2013. Likewise, the pan-European STOXX 600 steadied at a two-month high while the Eurostoxx 50 index at a three-month top. Germany’s DAX 30 index and U.K.’s FTSE 100 Index both added 0.2 percent.

    Among biggest movers on Friday, shares of Volkswagen AG led markets with shares shedding more than 3 percent after the German carmaker warned that its third-quarter operating result would be affected by a charge of around €2.5 billion ($2.94 billion) as a result of recalls in North America. Volkswagen is scheduled to publish third-quarter results on October 27.

    Data released by the Japan’s Statistics Bureau, the country’s core inflation accelerated in August and extended the upward rally to an eighth straight month. Indeed, nationwide core consumer price index (CPI), which includes oil products but excludes volatile fresh food prices, was reported to advance 0.7 percent, in line with forecast following a 0.5 percent rise in July.

    Meanwhile, Japan’s industrial production climbed 2.1 percent last month, beating an estimate of 1. 8 percent thanks to the fact that manufacturers of construction equipment, autos, and electronic parts produced more goods.



    Technicals

    AUDCAD



    As can be seen from the price chart, the pair AUDCAD has been under downward pressure exerted by two moving averages hanging above the price action. The pair has breached a firm support at 0.97500 and is heading downwards in an attempt to retest another strong support at 0.97000. While RSI index is edging lower, ADX index is on a rise, signaling further declines.

    Trade suggestion

    Sell Stop at 0.97400, Take profit at 0.97000, Stop loss at 0.97600



    GBPUSD


    The pair GBPUSD has been depressed by two moving averages which are lingering above the price action, especially the short-term MA20. The pair once again surpassed a strong support at 1.33800 and is edging lower to attempt a level at 1.33000. While ADX index is rising with a widening gap between the –DI and +DI lines, RSI index is ticking down, indicating a strengthening bearish force.

    Trade suggestion

    Sell Stop at 1.33600, Take profit at 1.33000, Stop loss at 1.33900



    AUDUSD



    AUDUSD reversed lower after having hit a strong resistance at 38.2% Fibonacci retracement. The price is expected to trade lower under downward pressure from a couple of moving averages. The pair is anticipated to test a support at 0.77900 with the market dominated by sellers, as indicated by RSI index that has plunged to as low as 36.77.

    Trade suggestion

    Sell Stop at 0.78300, Take profit at 0.77900, Stop loss at 0.78500



    GOLD



    As can be seen from the chart, the price action has been depressed by a couple of moving averages, especially the short-term MA20. The RSI index reversed lower, remaining in the bearish zone, indicating a recovering bearish force in the market. The precious metal is expected to trade lower, likely to test a significant level at 61.8% Fibonacci retracement.

    Trade suggestion

    Sell Stop at 1286.00, Take profit at 1278.00, Stop loss at 1289.00



    USDCAD


    USDCAD rebounded from a dynamic support at the short-term MA20 after a period of moving sideways. The pair is anticipated to trade higher due to the fact the buyers are dominating in the market, as indicated by the RSI index that has edged up to as high as 62.00. A resistance at 1.25150 is anticipated to be tested.

    Trade suggestion

    Buy Stop at 1.24700, Take profit at 1.25150, Stop loss at 1.24500



    DAX



    Germany’s DAX 30 Index has been tracing an uptrend that has sent the stock benchmark index to the highest level since late June. The index is facing a strong resistance at 12750.00 but is expected to head higher. With both RSI and ADX index surging strongly which indicates a strengthening bullish force in the market, a resistance at 12830.00 is anticipated to be tested.

    Trade suggestion

    Buy Stop at 12750.00, Take profit at 12830.00, Stop loss at 12710.00



    *********************************************

    U.K. Stocks Soar to Two-week Highs As Sterling Declines Following Weaker-than-expected GDP Data

    U.K. stocks jumped to highest level in more than two weeks on Friday, heading for a second straight weekly gain thanks to a weak British Pound that came after a worse-than-expected Q2 GDP data.

    The benchmark FTSE 100 index soared dramatically nearly 0.6 percent to trade at 7,363.05 – the highest level since September 14th – with all sectors trading in the positive territory. The index looked set to close the week with a rise of 0.7 percent which would help to pare a monthly pullback to roughly 0.9%.

    Sterling dropped 0.57 percent in European morning trading session versus the dollar after the Office for National Statistics reported the second-quarter gross domestic product that was revised lower. According to the report, the final reading of year-on-year growth slipped to 1.5%, down from a previous estimate of 1.7%.

    A weak pound helps boost shares of multinational companies on the FTSE 100 due to the fact that their companies’ oversee earnings can be increased when converted back to sterling.

    Trade suggestion

    Buy Stop at 7365.00, Take profit at 7400.00, Stop loss at 7350.20
    Start Trading Forex, Indices, Commodities And Hundreds of Other Markets With Capital Street FX Now!

    ************************************************

    Volkswagen AG Increases Provisions on Modifying Diesel Vehicles in U.S., Shares Slip

    Shares of Volkswagen AG tumbled on Friday after the German car maker warned that its third-quarter operating result would be affected by higher costs associated with the repurchase of diesel cars in North America.

    Volkswagen’s equities shed more than 2.3 percent in European trading session to trade at 140.50 euro per share following the announcement that the company added provisions of around 2.5 billion euros ($2.94 billion) to the already amount of around 20 billion euros spending on its diesel emissions scandal.

    The German car maker said that settlements in North America proved to be “far more technically complex and time consuming” than expected which led to the increase in provisions as the company has to bear more costs from buyback and retrofitting programs for models fitted with its 2.01 TDI engine.

    Volkswagen is scheduled to publish third-quarter results on October 27.

    Trade suggestion

    Sell Stop at 140.50, Take profit at 139.00, Stop loss at 141.20
    Start Trading Forex, Indices, Commodities And Hundreds of Other Markets With Capital Street FX Now!

    ************************************************** *****

    Nasdaq 100 Index/

    From GMT 07:00 29/09/2017
    Till GMT 21:00 29/09/2017

    Buy at 5975.00
    Take profit at 6000.00
    Stop loss at 5965.00
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  2. #782
    CapitalStreetFX is offline Senior Member
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    Daily Report on October 02, 2017




    Global shares advanced on Monday with U.S. stock benchmarks opening at all-time intraday highs. Investors shrugged off a mass shooting event in Las Vegas that is being described as the worst in U.S. history, boosting demand for risky assets such as stocks after all three U.S. equity benchmarks posted weekly, monthly and quarterly gains last Friday.

    The S&P Index climbed more than 0.26 percent to hit a record intraday at 2,525.29, the Dow Jones Industrial Average soared 0.24 percent to trade at 22,451.22 - an all-time high level while the Nasdaq Composite Index also reached an intraday peak at 6,520.92, up 43 percent. European also traded higher with the Stoxx Europe 600 Index adding 0.2 percent to touch the highest in 14 weeks with its eighth consecutive advance.

    Supported by a weaker euro, Germany’s DAX Index reached the highest in 15 weeks on its sixth consecutive advance after marching 0.2 percent higher. The single currency weakened in the wake of political turmoil in Spain where police beat people trying to vote in an independence referendum in Catalonia. The U.K.’s FTSE 100 Index gapped up and jumped 0.6 percent to the highest in a month on the back of a weak Sterling.

    Crude oil futures tumbled on Monday after U.S. data showed a rise in domestic drilling while a Reuters survey indicated an increase in OPEC output last month. Baker Hughes on Friday reported that the number of active U.S. rigs drilling for oil rose by 6 to 750 last week, which marked the first increase in the last seven weeks. Meanwhile, a Reuters survey released on Friday showed the Organization of Petroleum Exporting Countries boosted output in September. The increase largely came from higher supplies from Iraq and Libya – an OPEC member exempt from cutting output.



    Technicals

    EURNZD


    EURNZD has been under pressure exerted by a downward trading line that connects lower highs. The pair once again reversed lower after having hit this resistance and is moving lower towards a significant level at 23.6% Fibonacci retracement. While the RSI index is edging lower, the ADX index is experiencing a rise with a widening gap between the –DI and +DI lines, which indicates a strengthening bearish force in the market as well as signals further declines for the pair.

    Trade suggestion

    Sell Stop at 1.62800, Take profit at 1.61800, Stop loss at 1.63300



    EURUSD




    EURUSD continued to trade higher after having gapped down in early trade on Monday. The price action crossed over the short-term MA20 from above and is heading towards a firm support at 1.16900. The RSI index is pointing downwards while the ADX index is ticking higher, suggesting further declines for the currency pair.

    Trade suggestion

    Sell Stop at 1.17400, Take profit at 1.16900, Stop loss at 1.17600



    CAC40



    France’s CAC 40 index has been tracing a strong uptrend which has sent the pair to the highest level in about four months. With the support from both the short-term MA20 and the long-term MA50, the pair is expected to sustain its bullish momentum to trade higher. Both ADX and RSI index are on a steady rise, which signals further advances for the stock index.

    Trade suggestion

    Buy Stop at 5345.00, Take profit at 5370.00, Stop loss at 5335.00



    COPPER



    Copper’s prices once again had to retreat after having hit a firm resistance at 2.9900. This time, the price action has penetrated a couple of moving averages from above, which confirms a reversal into a downtrend. RSI index has slipped under the 50 level, showing an overwhelming bearish force in the market. A significant level at 38.2% Fibonacci retracement is anticipated to be tested.

    Trade suggestion

    Sell Stop at 2.9350, Take profit at 2.9050, Stop loss at 2.500



    Natural Gas




    Natural gas tumbled after having reversed lower from a significant level at 38.2% Fibonacci retracement. The commodity was also under pressure from a couple of moving averages. The commodity is expected to inch lower as the market has been dominated by sellers. Whereas the RSI index fell to as low as 30.17, ADX index is on a rise with the –DI and +DI lines moving in different directions. A support at 2.8700 is within the sight.

    Trade suggestion

    Sell Stop at 2.9100, Take profit at 2.8700, Stop loss at 2.9300



    FTSE 100 Index


    FTSE 100 index gapped up on Monday and successfully sustain its bullish momentum to reach the highest level since September 12nd. With support from two moving averages that are lingering below the price action, the stock benchmark index is expected to surge higher to test a resistance at 7460.00. Both ADX and RSI index are rising strongly, confirming the signal calling for further advances for the index.

    Trade suggestion

    Buy Stop at 7425.00, Take profit at 7460.00, Stop loss at 7410.00


    ***************************************

    Crude Oil Plunges After Increases in U.S. Drilling Rigs and OPEC Output


    Crude oil futures tumbled on Monday after U.S. data showed a rise in domestic drilling while a Reuters survey indicated an increase in OPEC output last month.

    Contracts of Brent crude for December delivery on the ICE Futures Exchange in London dropped 2.15 percent to trade at $55.59 per barrel – the lowest level since September 20th. Crude oil prices reversed lower after having notched a third-quarter gain of about 20 percent, which is the biggest third-quarter increase since 2004.

    Baker Hughes on Friday reported that the number of active U.S. rigs drilling for oil rose by 6 to 750 last week, which marked the first increase in the last seven weeks.

    Meanwhile, a Reuters survey released on Friday showed the Organization of Petroleum Exporting Countries boosted output in September. The increase largely came from higher supplies from Iraq and Libya – an OPEC member exempt from cutting output.

    Trade suggestion

    Sell Stop at 55.590, Take profit at 54.990, Stop loss at 55.640


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    *************************************************

    U.S. Equities Set New Record Highs After Manufacturing Index Soars To Peak Since 2004


    U.S. stock markets jumped to fresh record highs on Monday as bullish sentiment for risky assets was supported by optimism over U.S. President Donald Trump’s tax reform plan as well as a strong manufacturing index that surged dramatically to its highest level since 2004.

    The S&P 500 gained 0.26 percent to hit a record intraday at 2,525.29. Only two out of eleven major sectors of the index were trading in negative territory. Leading the overall performance, the Health Care sector soared by 0.67 percent, followed by Financials sector that gained 0.67 percent.

    The Institute for Supply Management (ISM) on Monday reported that its index of U.S. factory activity surged to a reading of 60.8 in September from 58.8 in August. The figure did not only easily beat forecast calling for a decline to a reading of 57.9, but also marked the highest reading since May 2004.

    Trade suggestion

    Buy Stop at 2,527.00, Take profit at 2535.00, Stop loss at 2523.00


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    *********************************************

    GBP/USD


    From GMT 17:30 02/10/2017
    Till GMT 21:00 02/10/2017

    Sell at 1.32600
    Take profit at 1.32000
    Stop loss at 1.32900
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  3. #783
    CapitalStreetFX is offline Senior Member
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    Daily Report on October 03, 2017



    Tracking overnight strength on Wall Street, Asian shares were broadly stronger while European stocks opened higher on Tuesday. Stocks in Hong Kong and Japan led gains with Japan’s Nikkei 225 Stocks Average jumping 1.1 percent to the highest close since August 2015, while the Topix index climbing 0.7 percent. The Hang Seng China Enterprises gauge of mainland firms traded in Hong Kong reopened after a holiday on Monday, up 3.1 percent.

    The Hang Seng Index soared 1.8 percent. Markets in China and South Korea are closed for the entire week. Stoxx Europe 600 opened 0.1% higher at 390.50 while France's CAC 40 index opened 0.2% higher at 5,362.82. Germany was closed for holiday while UK's FTSE 100 index edged 0.1 percent lower, led by a fall of more than 2 percent in shares of Bae Systems following a downgrade to hold at Berernberg.

    The Aussie slipped more than 0.2 percent to trade at $0.7808 in early European trading session, heading for the seventh daily decline in the last nine trading days. As widely expected, the Reserve Bank of Australia kept its benchmark interest rate unchanged at a record-low 1.5%, where it has remained since August 2016.

    The currency deepened declines versus major rivals after Governor Philip Lowe gave no indication that the central bank is prepared to hike rate anytime soon given high household debt and weak wages growth. Mr. Lowe also warned that the appreciation of the Aussie which recently traded near two-year highs may hold back both economic recovery and prospect of inflation moving towards the RBA’s goal target of 2 percent.





    Technicals

    GBPJPY



    GBPJPY has been moving sideways above a firm support at 149.500. Under the downward pressure exerted by two moving averages that are hanging above the price action, the pair is expected to break out of this support to test another firm handle at 148.300. RSI index continue to trace down moves, whereas ADX index is witnessing –DI and +DI lines moving in different directions.

    Trade suggestion

    Sell Stop at 149.500, Take profit at 148.300, Stop loss at 150.00



    USDJPY



    Having been supported by a couple of moving averages that are lingering below the price action, the pair USDJPT rebounded after a period of moving sideways around a significant level at 50.0% Fibonacci retracement. The currency pair is forecast to sustain its bullish force to test a resistance at 113.600. RSI index is heading higher, confirming the signal.

    Trade suggestion

    Buy Stop at 113.200, Take profit at 113.600, Stop loss at 113.000



    WTI



    U.S. crude oil futures continued to trade lower after having been in a consolidation above a strong support at 50.300. The commodity appears to break out of this handle with the short-term MA20 crossing over the long-term MA50 from above, confirming a reversal into a downtrend. RSI index is ticking lower, suggesting further downbeat moves for the commodity.

    Trade suggestion

    Sell Stop at 50.200, Take profit at 49.300, Stop loss at 50.600



    GOLD




    Gold futures prices resumed its downtrend following a short correction at a one-and-a-half-month low logged yesterday. The precious metal has been depressed by a couple of moving averages that may send the price lower in an attempt to test a support at 1261.00. RSI is at as low as 32.13, indicating an overwhelming bearish force in the market.

    Trade suggestion

    Sell Stop at 1269.00, Take profit at 1261.00, Stop loss at 1273.00



    Natural Gas




    Natural Gas futures prices reversed lower following a correction that came after the commodity tumbled to a nearly-one-month low yesterday. Two moving averages are lingering above the price action with the short-term MA20 likely to penetrate the long-term MA50 from above. While the RSI index is heading downwards, the ADX index is on a rise with widening gap between –DI and +DI lines, suggesting further declines.

    Trade suggestion

    Sell Stop at 2.9050, Take profit at 2.8600, Stop loss at 2.9250



    NASDAQ 100 Index



    Nasdaq 100 index has been tracking a steady uptrend since it reversed higher from as low as 5840.00 logged late September. Two moving averages are lingering below the price action, supporting for the stock benchmark index. A resistance at 6010.00 is forecast to be tested given a market dominated by the buyers. RSI index is at as high as 62.17, confirming the signal.

    Trade suggestion

    Buy Stop at 5988.00, Take profit at 6010.00, Stop loss at 5977.00



    ************************************************** ******

    Aussie Extends Downward Rally Versus U.S. Dollar After RBA Talks Down Rate-hike Prospects


    Australian dollar continued to trade lower against its American counterpart on Tuesday after the nation’s central bank decided to leave its rate on hold. Meanwhile, the greenback has been supported amidst optimism that the Federal Reserve will raise rates at the end of this year.

    The Aussie slipped more than 0.2 percent to trade at $0.7808 in early European trading session, heading for the seventh daily decline in the last nine trading days. As widely expected, the Reserve Bank of Australia kept its benchmark interest rate unchanged at a record-low 1.5%, where it has remained since August 2016.

    The currency deepened declines versus major rivals after Governor Philip Lowe gave no indication that the central bank is prepared to hike rate anytime soon given high household debt and weak wages growth. Mr. Lowe also warned that the appreciation of the Aussie which recently traded near two-year highs may hold back both economic recovery and prospect of inflation moving towards the RBA’s goal target of 2 percent.

    Whereas, the U.S. dollar extended its rally against its peers with the U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, up 0.13 percent to 93.75, its highest since August 17. Upbeat U.S. manufacturing data released on Monday, which indicated that U.S. of manufacturing activity climbed to a 13-month high of 60.8 in September, helped boost chances for a December rate hike by the Federal Reserve and the dollar.

    Trade suggestion

    Sell Stop at 0.77900, Take profit at 0.77500, Stop loss at 0.78100


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    ************************************************** ********

    Sterling Slips To Three-week Lows Vs Dollar After Construction PMI Drops Below 50


    Sterling plunged to a nearly-three-week low versus the dollar on Tuesday after data showed activity in the UK construction sector in September contracted for the first time in 13 months.

    The British pound extended its downward rally against its American counterpart to a third consecutive trading day, sending the pair GBPUSD down more than 0.2 percent to trade at $1.3249 – the weakest level since September 14th.

    Financial data firm Markit on Tuesday reported that its construction purchasing managers’ index fell below the 50-point threshold that separates expansion from contraction for the first time since August 2016. Particularly, the index dropped to 48.1 in September from 51.1 in August, missing forecast calling for a reading of 51.1.

    Moreover, Sterling has been under pressure after UK Trade Secretary Liam Fox warned that the UK will have no choice but to walk away if the country fails to make a trade deal with the European Union by March.

    Trade suggestion

    Sell Stop at 1.32400, Take profit at 1.32000, Stop loss at 1.32600


    Start Trading Forex, Indices, Commodities And Hundreds of Other Markets With Capital Street FX Now!

    ************************************************** *****

    EUR/AUD


    From GMT 09:00 03/10/2017
    Till GMT 21:00 03/10/2017

    Sell at 1.50300
    Take profit at 1.50800
    Stop loss at 1.50100
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  4. #784
    CapitalStreetFX is offline Senior Member
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    Daily Report on October 04, 2017



    Asian shares traded higher on Wednesday, boosted by strong manufacturing activity across much of Asia, Europe and the United States which rose optimism about global growth. Meanwhile, Chinese central bank on Saturday freed up liquidity by cutting the amount of cash that some banks must hold as reserves for the first time since February 2016, helping support mainland financial stocks.

    MSCI’s broadest index of Asia-Pacific shares outside Japan jumped 0.3 percent and extended its rally to a fourth straight day. Japanese and Hong Kong shares led Asian stocks higher with Japan's Nikkei soaring to a more than two-year peak while Hong Kong's Hang Seng Index climbing to a level not seen since May 2015. China and South Korea markets closed for week-long holidays.

    The Stoxx Europe 600 Index added 0.1 percent to trade at the highest level in more than 15 weeks. The U.K.’s FTSE 100 Index advanced less than 0.1 percent but hovered near the highest in eight weeks. Germany’s DAX Index reversed lower after having risen 0.4 percent.

    Crude oil futures remained weak on Wednesday after the American Petroleum Institute on Tuesday reported that U.S. crude supplies fell for a second week in a row but gasoline stockpiles rose 4.2 million barrels last week. Supply data from the Energy Information Administration will be released later in the day with analysts expecting a fall of 1.5 million barrels in crude inventories and a rise of 1.5 million barrels for gasoline.



    Technicals

    NZDUSD


    NZDUSD reversed lower after having hit a significant level at 50.0% Fibonacci retracement. The pair was also depressed by a couple of moving averages which are hanging above the price action, especially the short-term MA20. RSI index is heading downwards, indicating a strengthening bullish force in the market. A support at 0.71250 is within the sight.

    Trade suggestion

    Sell Stop at 0.71650, Take profit at 0.71250, Stop loss at 0.71850



    USDCHF


    Having been supported by two moving averages that are lingering below the price action, the pair USDCHF is tracking an uptrend with higher lows and higher highs formed in the chart. RSI index reversed higher and kept moving in the positive territory, signaling further advances for the currency pair. A strong resistance at 38.2% Fibonacci retracement is expected to be tested.

    Trade suggestion

    Buy Stop at 0.97350, Take profit at 0.97800, Stop loss at 0.97150



    NZDJPY



    NZDJPY has been moving sideways above a significant level at 38.2% Fibonacci retracement. The pair has been under downward pressure exerted by a couple of moving averages that are hanging above the price action. As the market has been dominated by sellers, the pair is expected to breach this tough handle and trade lower to test a support at 80.300.

    Trade suggestion

    Sell Stop at 80.700, Take profit at 80.300, Stop loss at 80.900



    BRENT


    Brent crude price has been tracing a downtrend that has sent the commodity to the lowest level in the last two weeks. RSI remained at lows while ADX index is experiencing a rise with a widening gap between –DI and +DI lines. The commodity is anticipated to tick lower in an attempt to test a support at 54.800.

    Trade suggestion

    Sell Stop at 55.450, Take profit at 54.800, Stop loss at 55.650



    GOLD



    Gold reversed lower after hitting a dynamic resistance at the short-term MA20 as well as a firm handle at the 61.8% Fibonacci retracement. RSI index also retreated to the negative territory, suggesting a recovering bearish force. The precious metal is expected to extend its downtrend to retest a support at 1268.00.

    Trade suggestion

    Sell Stop at 1275.00, Take profit at 1268.00, Stop loss at 1278.00



    COPPER



    Copper edged lower following a period of consolidation. The price action crossed over the short-term MA20 and is facing the long-term MA50. RSI pointed downward to the oversold zone, which shows a bearish market. As a result, the commodity is forecast to breach this dynamic support to retest yesterday’s low at 2.9235.

    Trade suggestion

    Sell Stop at 2.9455, Take profit at 2.9235, Stop loss at 2.9565



    ************************************************** ****

    EUR/AUD

    From GMT 12:00 04/10/2017
    Till GMT 21:00 04/10/2017

    Sell at 1.49600
    Take profit at 1.49100
    Stop loss at 1.49800
    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. #785
    CapitalStreetFX is offline Senior Member
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    Daily Report on October 05, 2017



    U.S. shares jumped higher on Thursday to reach fresh record highs with the S&P 500 Index extended its upward rally to the longest streak since July 2013. U.S. stock markets’ bullish run were propelled by over U.S. tax reforms and data pointing to solid U.S. growth. The S&P 500 Index soared roughly 0.44 percent to trade at 2,548.89 with only two out of eleven major sectors trading in positive territory. Meanwhile, the Dow Jones Industrial Average and the Nasdaq Composite added 0.45% and 0.63%, respectively.

    Financials led gains with a jump of 0.9 percent after Philadelphia Federal Reserve Bank President Patrick Harker on Thursday suggested one more rate hike this year and three next year. Upbeat data backed up the expectations of the Federal Reserve raising rates at the December meeting with initial jobless claims fell more than expected.

    Upbeat U.S. data also support market participants’ sentiment. According to the reported published by the U.S. Department of Labor, unemployment claims dropped to 260,000 last week from a reading of 272,000 recorded in the preceding week and was better than analysts’ forecast calling for a figure of 266,000. Additional reports from the Bureau of Economic Analysis showed U.S. trade deficit for August narrowed to 42.4B from 43.7B in July.

    Crude oil futures prices surged strongly on Thursday, with demand bolstered by a talk of an extension for an OPEC deal to cut output. Russian Energy Minister Alexander Novak on Thursday said that Russia would support new countries joining the agreement to restrict oil supply while President Vladimir Putin earlier this week claimed that a new pledge to trim production by OPEC and other producers could be extended to the end of 2018, instead of expiring in March 2018.



    Technicals

    GBPUSD



    Under downward pressure exerted by a couple of moving averages that are hanging above the price action, the pair GBPUSD crossed over a strong support at the 23.6% Fibonacci retracement and is heading towards another firm support at 1.30600. ADX index continued to trace upbeat moves with a widening gap between the –DI and +DI lines, suggesting further declines for the pair.

    Trade suggestion

    Sell Stop at 1.31300, Take profit at 1.30600, Stop loss at 1.31600



    AUDUSD


    AUDUSD reversed lower after having failed to penetrate the long-term MA50 from below. The price action fell below both the short-term MA20 and the 38.2% Fibonacci retracement. The pair is facing a firm support at 0.77950 where it has failed to breach since late September. With the RSI index heading lower while ADX index on a rise, a breakout is expected. A support at 0.77550 is within the sight.

    Trade suggestion

    Sell Stop at 0.77950, Take profit at 0.77550, Stop loss at 0.78150



    USDCAD


    USDCAD rebounded higher from a period of consolidation and breached a strong resistance at 1.25400 – the highest level since late-August. Further advances are anticipated for the pair as both ADX and RSI index are soaring which showed a strengthening an overwhelming bullish momentum in the market. A resistance at 1.26300 is within the sight.

    Trade suggestion

    Buy Stop at 1.25700, Take profit at 1.26300, Stop loss at 1.25400



    COPPER



    Copper has been tracking a dramatically strong uptrend that did not only help the commodity to break out of a firm handle at 2.9900 but also support the price to breach a significant level at the 23.6% Fibonacci retracement. Although the RSI index has jumped to the overbought index which signals a correction in the near future, ADX index keeps heading higher which encourages the commodity to test a resistance at 3.0750.

    Trade suggestion

    Buy Stop at 3.0450, Take profit at 3.0750, Stop loss at 3.0300



    GOLD


    Gold reversed lower on the back of a hit with the 61.8% Fibonacci retracement. The price action breached the short-term MA20 after a period of being supported by this dynamic support. The precious metal is heading downwards to a support at 1266.00 with the market dominated by sellers, as indicated by RSI index which has pointed to as low as 41.0375.

    Trade suggestion

    Sell Stop at 1272.00, Take profit at 1266.00, Stop loss at 1275.00



    Dow Jones


    Dow Jones index has been supported by a couple of moving averages that are lingering below the price action that helped the stock benchmark index soar higher after a period of moving sideways. Both RSI and ADX are surging, indicating a strengthening bullish force in the market. A resistance at 22850.00 is forecast to be tested.

    Trade suggestion

    Buy Stop at 22750.00, Take profit at 22850.00, Stop loss at 22700.00



    ************************************************** ****

    Euro To Break the 1.1700 Handle as Political Turmoil Persists, Dollar Supported by Rate Hike Prospects

    The euro reversed lower against the greenback on Thursday after two days of closing higher in a row. While the single currency was fragile amidst rising political turmoil and pessimism over possibility of the European Central bank tapering its bond-buying program, the U.S. dollar has been boosted by upbeat domestic data and hawkish comments from Fed officials.

    The euro lost 0.45 percent versus its American counterpart on Thursday, sending the pair back down to near the benchmark level 1.17000 where it reversed higher on September 03rd. The single currency lost ground following the release of the minutes of the European Central Bank’s September meeting which showed that policy makers remained concerned over the euro’s volatility. The minutes reduced expectations that the ECB will begin reducing its quantitative easing program after its October meeting.

    Whereas, after the regional government of Catalonia on Wednesday announced that they would declare independence from Spain on Monday, further depressing the currency.

    The dollar, on the other hand, was supported strongly after Philadelphia Federal Reserve Bank President Patrick Harker on Thursday suggested one more rate hike this year and three next year. Upbeat data backed up the expectations of the Federal Reserve raising rates at the December meeting with initial jobless claims fell more than expected.

    According to the reported published by the U.S. Department of Labor, unemployment claims dropped to 260,000 last week from a reading of 272,000 recorded in the preceding week and was better than analysts’ forecast calling for a figure of 266,000.

    Additional reports from the Bureau of Economic Analysis showed U.S. trade deficit narrowed in August. As exports climbed to a two-and-a-half year high and factory orders increased more than projected, U.S. trade deficit narrowed to 42.4B from 43.7B in July.

    Trade suggestion

    Sell Stop at 1.17000, Take profit at 1.16600, Stop loss at 1.17200


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    *****************************************

    Financial Sector Leads Gains, Helping U.S. Markets Bull Run Extend Winning Streak

    U.S. shares jumped higher on Thursday to reach fresh record highs with the S&P 500 Index extended its upward rally to the longest streak since July 2013. U.S. stock markets’ bullish run were propelled by optimism over U.S. tax reforms and data pointing to solid U.S. growth.

    The S&P 500 Index soared roughly 0.44 percent to trade at 2,548.89 with only two out of eleven major sectors trading in positive territory. Financials led gains with a jump of 0.9 percent after Philadelphia Federal Reserve Bank President Patrick Harker on Thursday suggested one more rate hike this year and three next year. Upbeat data backed up the expectations of the Federal Reserve raising rates at the December meeting with initial jobless claims fell more than expected.

    Upbeat U.S. data also support market participants’ sentiment. According to the reported published by the U.S. Department of Labor, unemployment claims dropped to 260,000 last week from a reading of 272,000 recorded in the preceding week. Additional reports from the Bureau of Economic Analysis showed U.S. trade deficit narrowed to 42.4B in August from 43.7B in July.

    Trade suggestion

    Buy Stop at 2550,00, Take profit at 2560,00, Stop loss at 2545,00



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    ********************************************

    CAD/JPY

    From GMT 18:30 05/10/2017
    Till GMT 21:00 05/10/2017

    Sell at 89.650
    Take profit at 89.150
    Stop loss at 89.900
    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. #786
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    Daily Report on October 06, 2017



    Global shares jumped higher on Friday after U.S. stocks notched record closing highs again in the previous session. Asian shares soared and European equities opened higher while gold extended losses as dollar lingered at seven-week highs against other major counterparts thanks to optimism over the outlook for the U.S. economy that is strong enough to withstand higher interest rates.

    MSCI’s broadest index of Asia-Pacific shares outside Japan surged 0.3 percent, poised for a 1.6 percent gain on the week. Hong Kong’s Hang Seng index led gains with an increase of 3.3 percent in a holiday-shortened week. While Australia’s S&P/ASX 200 Index added 1 percent, Japan’s Topix index climbed 0.3 percent.

    Investors are awaiting U.S. non-farm payrolls data which is scheduled to be released by the Bureau of Labor Statistics later in the day. Analysts forecast a slowdown in new jobs added last month due to disruptions from two major hurricanes Harvey and Irma in September. Indeed, U.S. economy is anticipated to have created 90,000 jobs in September while jobless rate is expected to remain unchanged at 4.4 percent.



    Technicals

    GBPAUD


    GBPAUD has been trading sideways to lower below a significant level at the 50.0% Fibonacci retracement. Under downward pressure exerted by the short-term MA20, the pair is anticipated to trade lower to test another firm handle at the 38.2% Fibonacci level. RSI index retreated to keep moving in the negative territory, suggesting further declines for the pair.

    Trade suggestion

    Sell Stop at 1.68100, Take profit at 1.67300, Stop loss at 1.68500



    USDCAD


    USDCAD has been tracking a strong uptrend that has sent the pair to the highest level since August 31st. With the support from two moving averages that are lingering below the price action, the pair is expected to retest a firm resistance at 1.26350 – the level that force the pair to reverse lower late-August. Rising ADX and RSI indices signals further advances.

    Trade suggestion

    Buy Stop at 1.25950, Take profit at 1.26350, Stop loss at 1.25750

    EURUSD




    The pair EURUSD successfully broke out of a strong support at the benchmark level 1.17000 in the previous session and is extending its downbeat moves. Under downward pressure exerted by two moving averages hanging above the price action, the pair is forecast to sustain its bearish momentum in an attempt to reach a support at 1.16450.

    Trade suggestion

    Sell Stop at 1.16850, Take profit at 1.16450, Stop loss at 1.17050



    NATURAL GAS


    Under downward pressure from two moving averages that are hanging above the price action, natural gas futures extended their downtrend following a short consolidation. With the RSI index pointing down while ADX index witnessing a crossover between the –DI and +DI lines, the commodity is expected to trade lower to test a support at 2.8400.

    Trade suggestion

    Sell Stop at 2.8700, Take profit at 2.8400, Stop loss at 2.8850



    BRENT



    Brent crude prices reversed lower after having hit a resistance at 57.200. The commodity is facing a firm support at 55.550 – the level that the price has failed to breach since the beginning of this week. After the price action had fallen below both the short-term MA20 and the long-term MA50, the commodity is anticipated to attempt a support at 54.800.

    Trade suggestion

    Sell Stop at 55.550, Take profit at 54.800, Stop loss at 55.900



    EURGBP



    EURGBP has been tracing a steady uptrend that sent the currency pair to the highest level since mid-September at 0.89800. While RSI index has jumped into the overbought zone, the ADX index is heading upwards with a widening distance between the +DI and –DI lines, indicating a strengthening bullish force in the market and suggesting further advances for the pair.

    Trade suggestion

    Buy Stop at 0.89800, Take profit at 0.90300, Stop loss at 0.89600





    ************************************************** *

    Gold Futures Hover Near Two-month Lows Ahead of U.S. Non-farm Payrolls

    Gold slipped in early European trading session on Friday, extending downbeat moves after having hit two-month lows in the previous session. The precious metal has been under pressure as the dollar was lingering at seven-week highs against other major counterparts thanks to optimism over the outlook for the U.S. economy.

    Contracts tied to gold for November delivery on the Comex division of the New York Mercantile Exchange dipped 0.21% to $ 1,268.70 a troy ounce, hovering near the weakest level since August 09th. Demand for the greenback has been bolstered on the back of hawkish comments from the Federal Reserve policy makers that signal one more rate hike at the end of this year.

    Philadelphia Federal Reserve Bank President Patrick Harker on Thursday did not only echoed his colleagues’ claims but also said that he expected three rate increases next year. Upbeat U.S. data also support market participants’ sentiment, helping strengthen the greenback and put pressure on dollar-denominated gold prices.

    Investors are awaiting U.S. non-farm payrolls data which is scheduled to be released by the Bureau of Labor Statistics later in the day. Analysts forecast a slowdown in new jobs added last month due to disruptions from two major hurricanes in September.

    Indeed, U.S. economy is anticipated to have created 90,000 jobs in September while jobless rate is expected to remain unchanged at 4.4 percent.

    Trade suggestion

    Sell Stop at 1268,00, Take profit at 1261,00, Stop loss at 1271,00


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    ************************************************** ***

    Sterling Sinks to One-month Lows Amidst Rising Political Uncertainties

    Sterling tumbled to one-month low versus the U.S. dollar in European trading session on Friday amidst rising political uncertainty while the dollar kept ticking higher due to optimism over one more rate hike this year.

    The British Pound dropped 0.43 percent to trade at $1.3061, down from $1.3118 recorded late Thursday in New York. The pair GBPUSD was lingering at levels that have not seen since early September and looks set for a 2.5% weekly tumble, its biggest since the week ending October 7, 2016.

    Speculation that a general election could be called in the U.K. grew but Theresa May’s future was in doubt after she failed to win a majority in June’s national election. Especially after her speech at the Tory party conference on Wednesday which is called “disastrous”, there are rumors that the Prime Minister will be asked to step down by her own party.

    Trade suggestion

    Sell Stop at 1.30600, Take profit at 1.30200, Stop loss at 1.30800


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    ************************************************** *******

    GBP/CAD

    From GMT 15:20 06/10/2017
    Till GMT 21:00 06/10/2017

    Sell at 1.63700
    Take profit at 1.63100
    Stop loss at 1.64000
    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. #787
    CapitalStreetFX is offline Senior Member
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    Daily Report on October 09, 2017



    Asian shares were mostly higher on Monday while European stock market gains, led by equities in Spain. The Shanghai Composite Index soared 0.76 percent while the Shenzhen Composite Index jumped 1.3 percent after a weeklong holiday. However, Hong Kong stocks retreated with the Hang Seng Index closed 0.5 percent lower after having hit 10-year highs last Friday.

    Whereas, Australian stocks extended their rally, adding 0.5 percent on Monday with advances mainly from stocks of the country’s big banks. New Zealand’s stock benchmark also traded higher with the S&P/NZX 50 Gross Index climbing 0.4% to 8,010.28. The index surpassed the 8,000 level for the first time in history after its fifth-straight record closing high.

    Stocks in Europe also started the week on an upbeat note after mass demonstrations in Catalonia over the weekend in favor of Spanish unity. The Stoxx Euro 600 Index gained 0.2 percent, supported by Spain’s IBEX benchmark that surged nearly 0.7 percent. While a senior member of the Catalan administration called for dialogue on the region’s independence bid, companies threatened to move their head offices to other parts of the country.

    European stocks also received a boost from data showing German industrial output jumped more than expected in August. According to data released by the Destatis, German industrial production rebounded from a summer lull and increased by 2.6 per cent on the month in August. This is the biggest monthly increase in more than six years. Elsewhere, stocks in the U.S. will be closed for the Columbus Day holiday Monday while markets including Japan, Korea and Taiwan are also closed.



    Technicals

    USDCAD


    USDCAD rebounded after having hit a dynamic support at the short-term moving average MA20. While the RSI index is surging, ADX index is also on a rise with a widening gap between the +DI and –DI lines, which shows an overwhelming and strengthening bullish momentum in the market. A resistance at 1.26350 is within the sight.

    Trade suggestion

    Buy Stop at 1.25600, Take profit at 1.26350, Stop loss at 1.25300



    GBPUSD


    GBPUSD reversed lower after having failed to sustain its bullish momentum above the short-term MA20. RSI index also turned lower which shows a recovering bearish force in the market. The pair is anticipated to extend its downbeat moves and trade lower, possibly heading towards a support at 1.30700.

    Trade suggestion

    Sell Stop at 1.31300, Take profit at 1.30700, Stop loss at 1.31600



    AUDNZD



    With the support from a couple of moving averages which are lingering below the price action, especially the short-term MA20, the pair AUDUSD bounced back. The RSI index edged higher at as high as 56.73, showing a strengthening bullish force. A high at 1.10100 recorded earlier in the session is expected to be tested again.

    Trade suggestion

    Buy Stop at 1.09700, Take profit at 1.10100, Stop loss at 1.09500



    WTI


    WTI crude price futures have been moving sideways around the level at 49.355 after having plunged to the lowest level since mid-September. The commodity has been under pressure from two moving averages that are hanging above the price action, which may depress the price further. RSI index is pointing downward, indicating a strengthening bearish force in the market.

    Trade suggestion

    Sell Stop at 49.200, Take profit at 48.500, Stop loss at 49.500





    ************************************************

    Natural Gas Futures Hit Two-month Trough As Mild Weather Hurts Demand

    U.S. natural gas futures extended their downbeat moves on Monday, with prices weighed down by weather forecast that show milder weather over the next couple of weeks.

    Front-month gas futures for November delivery on the New York Mercantile Exchange tumbled more than 0.7 percent to trade at $2.843 per million British thermal units in North American trading session, heading to close lower for the sixth trading session in the last seven days. The futures prices plunged to the lowest level since August 09, 2017 on Monday after having slipped by nearly 5% last week.

    Weather forecasting models predicted mild temperatures for the eastern part of the U.S. due to the fact that high pressure returns. Meanwhile, the West Coast will be mild to warm and the southern U.S will be very warm to hot. According to market analysts, under the impact of mild weather that tends to hurt early-winter demand for the heating fuel, U.S. gas consumption would slip to 71.3 billion cubic feet per day (bcfd) this week and the next from 74.3 bcfd last week.

    Trade suggestion

    Sell Stop at 2.8300, Take profit at 2.8000, Stop loss at 2.8450


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    ************************************************** ******

    Euro Gains Ground vs Rivals After ECB Hawk Calls Winding Down Asset Purchases

    The euro rose versus its American counterpart for second day in a row on Monday, pulling back from a one-and-a-half-month low recorded last Friday. The single currency was boosted on the back of hawkish comments from an ECB hawkish official.

    The pair EURUSD added 0.2 percent to trade at $1.1756 in North American trading session on Monday after having hit a low at $1.1668 on Friday. ECB Executive Board member Sabine Lautenschlaeger on Monday claimed that the central bank should reduce its asset purchases from next year with the aim to halt the program altogether.

    Lautenschlaeger, who has in the past spoken favorably about withdrawing stimulus, argued that swelling the ECB’s balance sheet any further is not needed given the fact that the factors holding down inflation are temporary. The ECB is scheduled to hold its policy meeting later this month, on October 26th, to decide whether to continue bond purchases next year.

    Trade suggestion

    Buy Stop at 1.17600, Take profit at 1.18000, Stop loss at 1.17400


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    ************************************************** **************

    NZD/USD

    From GMT 14:30 09/10/2017
    Till GMT 21:00 09/10/2017

    Sell at 0.70700
    Take profit at 0.70300
    Stop loss at 0.70900
    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. #788
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    Daily Report on October 10, 2017



    Shrugging off modest losses on Wall Street, Asian shares rose on Tuesday as traders returned from holidays. The MSCI Asia Pacific Index jumped 0.6 percent, led by an increase of 1.6 percent of South Korea’s Kospi index. Whereas, Japan’s Topix index gained 0.5 percent at the close of trading in Tokyo and Australia’s S&P/ASX 200 Index closed flat.

    Hang Seng Index surged 0.6 percent while the Shanghai Composite Index added 0.2 percent after having reached its highest since January 2016 on Monday. The Chinese yuan also rose on Tuesday after the PBOC raised the official midpoint to 6.6273 per dollar, from Monday's fixing of 6.6493 per dollar. Head of the National Bureau of Statistics of China, Ning Jizhe reportedly said that China would have no problem meeting its economic growth target of around 6.5 percent this year, and may even surpass this target.

    The National Australia Bank reported that the nation’s business conditions remained strong in September. Indeed, NAB's Business Confidence index jumped to a net balance of +7 last month, up from +5 in August and above analysts’ expectations calling for a rise to +6. NAB's Chief Economist, Alan Oster, claimed that “Business conditions at these levels tell us that the business sector in Australia is doing very well”.

    Crude oil futures prices advanced on Tuesday due to prospects of balancing oil market. OPEC’s secretary general Mohammad Barkindo on Monday said that “There is clear evidence that the market is rebalancing” given “the process of global destocking continues” in recent months.

    The Federal Statistical Office of Germany on Tuesday reported that German exports surged in August due to strong demand from the Eurozone. Particularly, German’s total goods exports in August was reported to climbed 3.1% from July, led by a 10.6% increase in exports to eurozone countries.



    Technicals

    NZDJPY


    NZDJPY reversed lower after a period of moving sideways below a significant level at the 50.0% Fibonacci level. The pair gapped down and fell below this level earlier this week but failed to recover and surpass this handle. Under downward pressure from two moving averages that are hanging above the price action, the pair is expected to trade lower to test a support at 79.000.

    Trade suggestion

    Sell Stop at 79.500, Take profit at 79.000, Stop loss at 79.700



    EURUSD


    EURUSD extended its upbeat rally following a consolidation around a couple of moving averages. The price action successfully penetrated these two dynamic resistance from below, which confirms the uptrend. While RSI index is pointing towards the overbought zone, ADX index is ticking higher with the +DI and –DI lines moving in different directions. Further advances are expected.

    Trade suggestion

    Buy Stop at 1.17900, Take profit at 1.18300, Stop loss at 1.17700



    USDCAD



    USDCAD fell below both the short-term MA20 and the long-term MA50 after a consolidation. A reversal into a downtrend is confirmed after the breakout. With RSI index has jumped into the negative territory, the ADX index reversed higher with a widening gap between –DI and +DI lines. A support at 1.24500 is expected to be tested.

    Trade suggestion

    Sell Stop at 1.25000, Take profit at 1.24500, Stop loss at 1.25200



    SILVER


    Silver has been tracking an uptrend that has sent the precious metal to the highest level since September 26th. While the RSI index is heading upward, the ADX index is also on a rise with a widening gap between the +DI and –DI lines, suggesting a strengthening bullish force in the market. A resistance at 17.200 is within the sight.

    Trade suggestion

    Buy Stop at 17.060, Take profit at 17.200, Stop loss at 17.000



    GOLD



    Gold has been trading higher after rebounding from a significant level at 61.8% Fibonacci retracement. As can be seen from the chart, the short-term MA20 has crossed over the long-term MA50 from below, which confirms the uptrend. As both RSI and ADX indices are edging higher, the precious metal is anticipated to extend its upbeat move to attempt a resistance at 1298.00.

    Trade suggestion

    Buy Stop at 1291.00, Take profit at 1298.00, Stop loss at 1288.00



    BRENT


    Brent crude prices rebounded from a firm support at 55.000 benchmark level which has supported the commodity price since September 13th. The price action has crossed over the short-term MA20 and is facing the long-term MA50. A breakout is expected with the market having jumped in the positive territory. ADX index is also on a rise. A resistance at 57.200 is anticipated to be tested.

    Trade suggestion

    Buy Stop at 56.400, Take profit at 57.200, Stop loss at 56.000

    ************************************************** *

    Supported by Upbeat Data and Signs of Stronger China’s Economy, Aussie Snaps Three-day Slide

    The Australian dollar strengthened versus its American counterpart on Tuesday, snapping a three-day streak of losses. The Aussie gained ground in the wake of upbeat economic data and signs of stronger economic growth in China.

    The pair AUDUSD added more than 0.5 percent to trade at $0.7796 in Asian trading session on Tuesday. The National Australia Bank reported that the nation’s business conditions remained strong in September. Indeed, NAB’s Business Confidence index jumped to a net balance of +7 last month, up from +5 in August and above analysts’ expectations calling for a rise to +6.

    NAB’s Chief Economist, Alan Oster, claimed that “Business conditions at these levels tell us that the business sector in Australia is doing very well.”

    Meanwhile, head of the National Bureau of Statistics of China, Ning Jizhe reportedly said that China would have no problem meeting its economic growth target of around 6.5 percent this year, and may even surpass this target. Jizhe also added that measures taken by the government to cool the overheated property market have been effective and will remain in place.

    Also supported by a weak dollar, the Chinese yuan rose on Tuesday as China’s central bank guided the currency’s midpoint higher. The People’s Bank of China (PBOC) fixed the official midpoint at 6.6273 per dollar, firmer than Monday’s fixing of 6.6493 per dollar, marking the first time it has raised that guidance in two weeks.

    As China has become the biggest trading partner of Australia, especially Australian iron ore and coal, while Australian economy depends heavily on the foreign investment and commodity exports, investor sentiment towards the Aussie tends to partly be dictated by Chinese economic prospects.

    Trade suggestion

    Buy Stop at 0.78000, Take profit at 0.78400, Stop loss at 0.77800


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    ******************************************

    U.K. Stocks Reverse Higher on Gains in Shares of Miners and Upbeat Economic Data

    U.K. shares advanced on Tuesday, reversing higher from a loss in the previous session. Mining shares led the overall performance thanks to gains in prices of dollar-denominated metals while upbeat industrial production figures also contributed to the bullish sentiment.

    The FTSE 100 index jumped nearly 0.25 percent to trade at 7,526.71 after having slipped 0.2 percent on Monday. Shares of copper producers soared as copper prices touched their highest in four weeks on Tuesday. The metal climbed 0.45 percent to trade at $3.0445, sending shares of copper producers Antofagasta PLC and Fresnillo PLC up 1.58% and 1.75%, respectively.

    On the back of a weak dollar, gold and silver prices were also on a rise, helping bolster shares of international gold mining and exploration business Randgold Resources up 0.8%.

    Meanwhile, the Office for National Statistics on Tuesday reported that manufacturing production grew by 0.4% month on month in August, brought the annual growth rate to 2.8%, outstripping expectations of a 1.9% increase. Industrial production was reported to climb 1.6% year-over-year, also above a forecast of 0.9%.

    Trade suggestion

    Buy Stop at 7,526.71, Take profit at 7,55000, Stop loss at 7,51600


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    ************************************************

    EUR/NZD

    From GMT 13:00 10/10/2017
    Till GMT 21:00 10/10/2017

    Buy at 1.66900
    Take profit at 1.67100
    Stop loss at 1.66700
    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. #789
    CapitalStreetFX is offline Senior Member
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    Daily Report on October 12, 2017



    Tracking U.S. stocks that hit record highs in the previous session, Asian shares advanced on Thursday. The MSCI Asia Pacific Index rose 0.4 percent with Japanese stocks extending gains. While Japan’s benchmark Topix index increased 0.2 percent to touch the highest since July 2007, the Nikkei 225 climbed 0.4 percent, looking set for the highest level since November 1996.

    Equities also edged higher in South Korea, Australia and Hong Kong. Indeed, Australia’s S&P/ASX 200 Index soared 0.4 percent, South Korea’s Kospi index surged 0.6 percent, and Hong Kong’s Hang Seng Index gained 0.4 percent. Futures on the S&P 500 Index were little changed after the underlying gauge have risen 0.2 percent on Wednesday to a fresh record high.

    The greenback lost ground following the release of the minutes of the Federal Reserve’s September meeting. Fed’s latest meeting’s minutes showed that several policymakers were still cautious about additional tightening, saying that further rate hikes should depend on upcoming inflation data. On Friday, the Commerce Department is due to publish September inflation figures amidst expectations calling for a rise of 0.6% in consumer prices and an increase of 0.2% in the core inflation.

    Crude oil futures prices eased on Thursday after data released by the American Petroleum Institute showed U.S. fuel inventories rose more than expected last week. The report pointed to an increase of 3.1 million barrels for the week ended October 06th. Supply data from the Energy Information Administration is scheduled to be published later in the day amidst expectations calling for a fall of 400,000 barrels in crude inventories.



    Technicals

    AUDJPY




    AUDJPY rebounded from a firm support at 87.300 following a period of moving sideways. The pair did not only breach a significant level at the 50.0% Fibonacci retracement but also is facing a dynamic resistance at the long-term MA50. Indicators are supporting for further advances as both the RSI and ADX indices are rising. A resistance at 88.400 is expected to be tested.

    Trade suggestion

    Buy Stop at 87.950, Take profit at 88.400, Stop loss at 87.750



    GBPAUD




    GBPADU has been trapped between a resistance at 1.69900 and a significant handle at the 50.0% Fibonacci retracement. Besides, the price action has twisted with a couple of moving averages. With the RSI index pointing lower which suggesting a strengthening bearish force, the pair is anticipated to make a breakout and attempt a support at 1.67900.

    Trade suggestion

    Sell Stop at 1.69000, Take profit at 1.67900, Stop loss at 1.69500



    USDCAD


    USDCAD slumped further after a consolidation. The short-term MA20 has penetrated the long-term MA50 from above, confirming the downtrend. While RSI index has plunged to as low as 30.44, ADX index is on a strong rise with a widening gap between the +DI and –DI lines, indicating a strengthening bearish force and suggesting further declines for the pair.

    Trade suggestion

    Sell Stop at 1.24300, Take profit at 1.23800, Stop loss at 1.24500



    COPPER



    Copper futures prices extended their rally following a period of consolidation that came after the market has jumped into the overbought territory. The commodity is expected to trade higher with the market dominated by sellers, as indicated by the RSI index that has soared to as high as 74.94. The ADX index also rebounded with the +DI and –DI lines diverging.

    Trade suggestion

    Buy Stop at 3.1050, Take profit at 1.1300, Stop loss at 3.0950



    USDJPY




    USDJPY has been under downward pressure exerted by a couple of moving averages that are lingering above the price action. Further declines are anticipated for the currency pair as the market has been dominated by sellers, as indicated by RSI index that has tumbled to as low as 42.35. ADX index is edging higher with –Di and +DI lines diverging.

    Trade suggestion

    Sell Stop at 112.200, Take profit at 111.700, Stop loss at 112.400

    **************************************

    Euro Jumps to Two-week Highs After Fed Meeting Minutes Show Rate-hike Uncertainty


    The euro soared to more-than-two-week highs against the U.S. dollar on Thursday after the greenback lost ground following the release of the minutes of the Federal Reserve’s September meeting.

    The single currency added 0.1 percent to trade at $1.1871 – the highest level since September 25th. The pair EURUSD extended its upbeat rally to a fifth consecutive trading session. The euro has already been supported after Catalan leader Carles Puigdemont on Tuesday backed away from short of formal declaration of independence from Spain, which helped ease political tension in the region.

    The demand for euro was also bolstered amidst expectations that the European Central Bank would announce its plan to wind back its 2.3 trillion euro bond-buying program at its policy meeting due later this month.

    Meanwhile, Fed’s latest meeting’s minutes showed that several policymakers were still cautious about additional tightening, saying that further rate hikes should depend on upcoming inflation data.

    On Friday, the Commerce Department is due to publish September inflation figures amidst expectations calling for a rise of 0.6% in consumer prices and an increase of 0.2% in the core inflation. Besides data on CPI, the Commerce Department at the same time will publish its figures on retail sales for September. Analysts forecast retail sales increased 1.6% and core sales added 0.3 percent last month.

    Trade suggestion

    Buy Stop at 1.18750, Take profit at 19.150, Stop loss at 1.18550


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  10. #790
    CapitalStreetFX is offline Senior Member
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    Sep 2016
    Posts
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    Daily Report on October 13, 2017



    Shrugging off downbeat U.S. equities that closed lower on Thursday, European shares rose to their highest level in nearly four months while Asian stocks also advanced on Friday. Japan’s Nikkei 225 finished the week at the highest since 1996 after adding 1 percent. The broader Topix index gained 0.5 percent while China’s benchmark climbed 0.2 percent. By contrast, South Korea’s Kospi index shed 0.1 percent.

    The Stoxx Europe 600 Index ticked 0.3 percent higher, reaching the highest in more than 16 weeks and looking set for its fifth straight week of gains. Germany’s DAX Index gained less than 0.05 percent to linger near its record and the U.K.’s FTSE 100 Index decreased 0.4 percent due to a strengthening British Pound.

    Crude oil futures prices rose on Friday, supported after the Energy Information Administration (EIA) late Thursday released its figures that showed U.S. crude inventories dropped 2.7 million barrels to 462.22 million barrels in the week to October 6th. The reading beat market forecast calling for a drop of 1.9 million barrels. Meanwhile, U.S. crude production was reported to decrease by 81,000 barrels per day (bpd) to 9.48 million bpd.

    On the demand side, Chinese oil imports, which averaged 8.5 million bpd in the first eight months of this year, reached 9 million bpd in September as the nation increased purchases for its strategic petroleum reserves (SPR).

    Generally, China’s import and export growth accelerated in September. While exports only jumped 8.1 percent, which were below forecasts of 8.8 percent, imports surged 18.7 percent in September from a year earlier, easily topping forecasts for a 13.5 percent expansion. That left the country with a trade surplus of $28.47 billion, down from around $42 billion in August and well below $40 billion expected.





    Technicals

    GBPUSD


    GBPUSD was volatile in Thursday’s trading when the price shortly plunged below both a significant level at 23.6% Fibonacci retracement and a couple of moving averages. The price recovered and sent its price action above all of these handles and is heading towards a firm resistance at 1.34000. While the RSI index is pointing higher, ADX index is also on a rise with a widening gap between the +DI and –DI lines.

    Trade suggestion

    Buy Stop at 1.33200, Stop loss at 1.34000, Take profit at 1.32800



    EURNZD



    EURNZD slumped from a resistance at 1.67550 with recent down moves bringing the price action below the short-term MA20. The price is facing both the long-term MA50 and a significant level at 50.0% Fibonacci retracement. A breakout is expected due to the fact that the market has been dominated by sellers, as indicated by RSI index that is on a decrease. ADX index is witnessing its –DI and +DI lines diverging which suggests further down moves.

    Trade suggestion

    Sell Stop at 1.65400, Stop loss at 1.64600, Take profit at 1.65800



    EURGBP


    EURGBP extended its downbeat rally following a period of consolidation that came after the price hit the long-term MA50. Whereas the RSI index is ticking lower, the ADX index rebounded with the –DI and +DI lines moving in opposite direction. Further decreases are anticipated for the pair with a support at 0.88300 within the sight.

    Trade suggestion

    Sell Stop at 0.88800, Stop loss at 0.88300, Take profit at 0.89000



    WTI



    U.S. crude oil rebounded from a support at 50.300. As can be seen from the chart, the commodity has been supported by a couple of moving averages that are lingering below the price action. Both ADX and RSI indices are edging higher which indicates an overwhelming and strengthening bullish force in the market. The price is forecast to test a resistance at 52.200.

    Trade suggestion

    Buy Stop at 51.300, Stop loss at 52.200, Take profit at 50.900



    COPPER



    Copper rebounded from a period of moving sideways below a firm resistance at 3.1300 that came after the market jumped into the overbought zone. Further advances are expected as ADX is still rising with the +DI and –DI lines diverging. Another strong resistance at 3.1300 is expected to be tested.

    Trade suggestion

    Buy Stop at 3.1350, Stop loss at 3.1600, Take profit at 3.1250



    Natural Gas




    Natural Gas futures prices extended its rally to a fourth consecutive trading day. The short-term MA20 has crossed over the long-term MA50 from below, suggesting a strong bullish momentum. While the RSI index looks set to penetrated the overbought zone, the ADX index is heading upwards with a widening distance between the +DI and –DI lines, signaling further upbeat moves.

    Trade suggestion

    Buy Stop at 2.9980, Stop loss at 3.0380, Take profit at 2.9780



    *****************************************

    Brent Crude Futures Reverse Losses After U.S. Inventories Decline, Chinese Imports Surge

    Brent crude futures prices rose on Friday, boosted after a weekly report showed both U.S. crude production and inventories retreated last week. Meanwhile, China was reported to increase its crude oil imports in September, helping reinforce expectation over a tightening market.

    December Brent crude, the global benchmark, jumped more than 1 percent to $56.84 a barrel on ICE Futures Europe after having closed down 69 cents, or 1.2% on Thursday. Oil prices were supported after the Energy Information Administration (EIA) late Thursday released its figures that showed U.S. crude inventories dropped 2.7 million barrels to 462.22 million barrels in the week to October 6th.

    The reading beat market forecast calling for a drop of 1.9 million barrels. Meanwhile, U.S. crude production was reported to decrease by 81,000 barrels per day (bpd) to 9.48 million bpd.

    On the demand side, Chinese oil imports, which averaged 8.5 million bpd in the first eight months of this year, reached 9 million bpd in September. China, the world’s biggest importer, solidified its position as the nation increased purchases for its strategic petroleum reserves (SPR).

    Trade suggestion

    Buy Stop at 57.000, Take profit at 57.700, Stop loss at 56.700


    Start Trading Forex, Indices, Commodities And Hundreds of Other Markets With Capital Street FX Now!

    ************************************************** **

    Euro On A Decrease Versus Yen After Draghi Turns Down Germany’s Call for Rate Hike

    Euro extended losses versus its Japanese counterpart to a second trading session on Friday after European Central Bank President Mario Draghi poured cold water on German hopes over an era of low or negative rates nearing its end.

    The euro lost about 0.2 percent to trade at 132.55 yen in European trading session on Friday, paring a weekly gain. ECB President Mario Draghi on Thursday reiterated that the central bank’s asset buying program would continue until policymakers see a sustained improvement in the outlook for inflation, which has still been below the ECB target of around 2 percent.

    In his speech at an event in Washington, where he is due to attend the G20 meeting, Draghi also added that he planned to maintain the current ultra-low rates “well past” the end of its asset purchases in December. Draghi’s comments battled back German calls to exit from years of easy money in the euro zone.

    Speaking earlier in Washington, ECB chief economist and policy dove Peter Praet warned that inflation data has not shown any upbeat move, suggesting that monetary policy needed to remain easy.

    Trade suggestion

    Sell Stop at 132.550, Take profit at 132.150, Stop loss at 132.750


    Start Trading Forex, Indices, Commodities And Hundreds of Other Markets With Capital Street FX Now!

    *************************************************

    EUR/AUD

    From GMT 10:30 13/10/2017
    Till GMT 21:00 13/10/2017

    Sell at 1.50850
    Take profit at 1.50400
    Stop loss at 1.51050
    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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