You don't understand a specific financial term ? Visit our Forex glossary
Page 80 of 80 FirstFirst ... 3070787980
Results 791 to 799 of 799
  1. #791
    CapitalStreetFX is offline Senior Member
    Join Date
    Sep 2016
    Posts
    797

    Default

    Euro Falls to One-week Lows As Trump Reportedly Favors A Policy Hawk As Next Fed Chair

    The euro extended its downbeat rally to a fourth consecutive trading session on Tuesday after the dollar strengthened following a report showed U.S. President Donald Trump was favoring a policy hawk as the next head of the Federal Reserve.

    The single currency dropped more than 0.3 percent in European trading session on Monday after shedding 0.25 percent the previous day, sending the pair down to trade at $1.17600 – the lowest level in one week.

    The greenback edged higher after the New York Fed’s business conditions index released on Monday jumped to the highest reading since September 2014. The figure climbed to a three-year high of 30.2 in October from 24.4 in September, easily beating economists’ expectations calling for a reading of 20.

    The U.S. dollar continued to tick up following a report that said President Trump was favoring Stanford economist John Taylor to head the Fed. Taylor is seen as a more hawkish policymaker than current Fed Chair Janet Yellen

    Trade suggestion

    Sell Stop at 1.17600, Take profit at 1.17200, Stop loss at 1.17800


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


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

    Netflix Adds More Subscribers Than Expected in Q3, Shares Extend Gains


    Shares of Netflix Inc. advanced in after-hours trading session on Monday after the streaming giant said it added more subscribers than expected in the third quarter and projected growth to be in line with Wall Street expectations.

    Netflix shares added nearly 0.3 percent to trade at $205.30 per share after having closed 1.6 percent higher in regular trading. For the three-month period ended September, Netflix announced that net income soared to $129.6 million, or 29 cents per share, from income of $51.5 million, or 12 cents per share during the same quarter a year ago.

    Meanwhile, revenue for the third quarter was reported to reach $2.98 billion, up from $2.29 billion a year ago and above forecasts calling for a rise to a reading of $2.97. Moreover, Netflix said it added 5.3 million subscribers around the world in three months to September, which was well above Wall Street’s forecast of 4.5 million and also up from with the 3.6 million the company added during the same quarter last year.

    For the current quarter, Netflix forecast 6.3 million additions, which would send its customer base in all its markets to nearly 115.6 million. The reading is also higher than analysts’ average estimate of 6.25 million.

    In its investor letter that accompanies its earnings, Netflix said that it would increase its spending on original content to $7 billion to $8 billion next year in an attempt to plan for life in a post-Disney future. Walt Disney Co. in August announced that it would create its own streaming network and end its current partnership with Netflix by the end of 2019.

    Trade suggestion

    Buy Stop at 205.30, Take profit at 210.00, Stop loss at 203.00


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

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

    GBP/USD


    From GMT 14:30 17/10/2017
    Till GMT 21:00 17/10/2017

    Sell at 1.31800
    Take profit at 1.31300
    Stop loss at 1.32000
    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. #792
    CapitalStreetFX is offline Senior Member
    Join Date
    Sep 2016
    Posts
    797

    Default

    Daily Report on October 18, 2017



    European shares opened modestly higher on Wednesday after mixed trading in Asian equities earlier. Despite fresh records for U.S. stocks in the previous trading session on Tuesday, the MSCI Asia Pacific Index was little change with Australia’s S&P/ASX 500 Index and South Korea’s Kospi index ending flat. While Japan’s Topix index closed less than 0.1 percent higher and the Shanghai Composite Index was up 0.1 percent, Hong Kong’s Hang Seng Index inched lower.

    The Stoxx Europe 600 Index gained 0.1 percent, supported by an increase of 0.2 percent in the U.K.’s FTSE 100 Index. However, Germany’s DAX Index marked the first retreat in a week with a decline of 0.1 percent. Whereas, politic turmoil kept Spanish equities in negative territory. Futures on the S&P 500 Index ticked up less than 0.05 percent to the highest on record.

    The U.S. dollar advanced on Wednesday amidst rising speculation over a possible appointment of a hawk as Fed chair as well as progress on U.S. tax reforms. The dollar index rose 0.1 percent to 93.58 after having surged to as high as 93.729 on Tuesday. The greenback was supported after U.S. Senate Republicans on Monday gained crucial support for a vote on a budget resolution that is vital to President Donald Trump’s hopes of signing tax reform legislation into law before January.

    Crude oil futures rose on Wednesday following a report released by the American Petroleum Institute on Tuesday that showed U.S. crude supplies dropped by 7.1 million barrels for the week ended October 13th. Inventories date published by the Energy Information Administration is due to come out later in the day with analysts expecting a drop of 3.9 barrels in crude inventories.



    Technicals

    CADJPY



    CADJPY rebounded from a firm support at 89.000 with its price action surging above a couple of moving averages which confirms the uptrend. Further advances are forecast for the currency pair as the RSI index is heading upwards which shows a strengthening bullish momentum. The ADX index is also witnessing a widening gap between the +DI and –DI lines, supporting the signals for extending up moves.

    Trade suggestion

    Buy Stop at 89.900, Take profit at 90.300, Stop loss at 89.700



    USDJPY


    The pair USDJPY has been trapped between a support at 38.2% Fibonacci retracement and a resistance at 50.0% level. The pair is also trading sideways which has sent the ADX index to as low as 22.08. However, the price action has penetrated a couple of moving averages from below which RSI index rebounded to jump into the positive territory. Further upbeat moves are anticipated to support the price to reach the 50.0% Fibonacci handle.

    Trade suggestion

    Buy Stop at 112.500, Take profit at 113.000, Stop loss at 112.300



    USDCHF



    USDCHF bounced back from a significant level at 38.2% Fibonacci retracement with the support from two moving averages that are lingering below the price action. Both RSI and ADX indices are rising, not to mention a widening distance between the +DI and –DI lines, suggesting further increases for the pair. A resistance at 0.98350 is anticipated to be tested.

    Trade suggestion

    Buy Stop at 0.97950, Take profit at 0.98350, Stop loss at 0.97750



    SILVER


    Silver resumed its downbeat moves following a consolidation that came after the price action broke below the long-term MA50. The sellers are dominating in the market, as indicated by the RSI index that has slipped to as low as 37.39. Although ADX index is ticking down slightly, the –DI and +DI lines are diverging. Further declines are expected to send the precious metal’s price to a support at 16.850.

    Trade suggestion

    Sell Stop at 16.970, Take profit at 16.850, Stop loss at 17.030



    Natural Gas



    Natural gas futures slumped from a significant level at 38.2% Fibonacci retracement and is looking set to complete its double-top pattern as it is testing the neck level at 2.9135. The price action has crossed over the long-term MA50. RSI index is heading downwards, indicating an overwhelming and strengthening bearish force in the market. The commodity is forecast to test a support at 2.8800.

    Trade suggestion

    Sell Stop at 2.9100, Take profit at 2.8800, Stop loss at 2.9250



    BRENT



    Brent crude price has been trading sideways to higher with the support from a couple of moving averages which are hanging below the price action. RSI index is heading higher at as high as 62.17, which shows a strengthening bullish force for the commodity. The price is expected to inch higher in an attempt to test a resistance at 58.850.

    Trade suggestion

    Buy Stop at 58.290, Take profit at 58.850, Stop loss at 58.100



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

    Revenue Slips for 22nd Straight Quarter, IBM Shares Advance on Upbeat Q4 Guidance

    Shares of International Business Machines Corp. jumped dramatically in the extended session on Tuesday after the technology company released better-than-expected earnings for the third quarter.

    IBM shares surged more than 5.5% to trade at $154.72 per share after hours. The Armonk, New York-based company reported net income of $2.73 billion, or $2.92 a share for the three-month period to September, down from $3.2 billion, or $2.98 a share, in the year-ago period. Adjusted for non-recurring items, earnings were reported to reach $3.30 a share.

    Revenue also fell compared to the same period last year, slipping for the 22nd straight quarter. However, revenue ticked down slightly to $19.15 billion from $19.23 billion in the year-ago period, which was much better than the $18.6 billion analysts had been expecting.

    IBM’s chief financial officer, Martin Schroeter, said the company forecast a stronger than usual seasonal bounce in revenues for the current quarter. Boosted in part by sales of its new mainframe server, fourth-quarter revenue is projected to hit $22 billion to $22.1 billion, which would top analysts’ average estimate of $21.8 billion for sales.

    Trade suggestion

    Buy Stop at 154.80, Take profit at 156.00, Stop loss at 154.20


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

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

    Benefited from Robust Sales, Abbott Reports Better-than-expected Earnings

    Shares of Abbott Laboratories soared more than 1 percent in North American trading session on Wednesday after the pharmaceutical company reported third quarter’s profit and sales that topped analysts’ estimates thanks to robust sales of medical devices and generic drugs.

    Abbott shares gained nearly 1.5 percent to trade at $55.88 after the Illinois-based company said it earned $603 million, or 32 cents per share last quarter, compared to a loss of $329 million, or a loss of 24 cents per share, in the year-earlier period.

    Revenue was reported to rise from $5.30 billion in the same period last year to $6.83 billion in the three months to September. The reading topped analysts’ forecast calling for sales of $6.73 billion. Abbott forecast full-year adjusted 2017 profit from continuing operations of $2.48-$2.50 per share, compared with previous guidance of $2.43 to $2.53.

    Trade suggestion

    Buy Stop at 55.90, Take profit at 57.10, Stop loss at 55.30


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

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

    EUR/JPY

    From GMT 16:20 18/10/2017
    Till GMT 21:00 18/10/2017

    Buy at 133.050
    Take profit at 133.450
    Stop loss at 132.850
    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.

  3. #793
    CapitalStreetFX is offline Senior Member
    Join Date
    Sep 2016
    Posts
    797

    Default

    Nervousness Ahead of New Government Formation Sends Kiwi To Nearly-five-month Lows

    New Zealand dollar tumbled broadly against its major rivals on Thursday as market participants were waiting for the country’s announcement on the new government following an inconclusive election on September 23rd.

    The Kiwi plunged by more than 1.2 percent to trade at $0.7065 in Asian trading session, sending the pair NZDUSD to the weakest level since May 30th. The local currency was hit hard after New Zealand First leader Winston Peters on Thursday said he would support the Labour Party to form government for the first time in nine years.

    With the backing of the New Zealand First Party and the Green Party, the new government led by Jacinda Ardern will control 63 of the 120 seats in parliament. The Labour party only win 46 seats in the election last month. The Kiwi dropped amidst concerns that policy changes may cause the economy to lose growth momentum.

    Trade suggestion

    Sell Stop at 0.70600, Take profit at 0.70150, Stop loss at 0.70800


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

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

    Natural Gas Futures Drop to Two-month Lows After EIA Data Release


    Natural gas futures prices plunged strongly to the weakest level in more than two months on Thursday after a weekly report showed U.S. supplies of natural gas rose much more than expected last week.

    November natural gas dropped nearly 2.6 percent to trade at $2.78 per million British thermal units in North American trading session, down significantly from $2.861 before the data release. The price tumbled to the lowest level since August 07th.

    According to data published by the U.S. Energy Information Administration, U.S. national storage increased by 51 billion cubic feet for the week ended Oct. 13, compared to analysts’ forecast calling for a climb of 50 billion cubic feet. As stated by the report, total stocks now stand at 3.646 trillion cubic feet.

    Trade suggestion

    Sell Stop at 2.7800, Take profit at 2.7500, Stop loss at 0.7950


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

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

    GBP/AUD


    From GMT 17:30 19/10/2017
    Till GMT 21:00 19/10/2017

    Sell at 1.67100
    Take profit at 1.66500
    Stop loss at 1.67400
    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. #794
    CapitalStreetFX is offline Senior Member
    Join Date
    Sep 2016
    Posts
    797

    Default

    Daily Report on October 20, 2017



    Global share markets edged higher on Friday with the Stoxx Europe 600 index reversing from a loss in the previous session. Particularly, the stock benchmark index added 0.2 percent as supported by gains in financial and industrial shares. The Stoxx Europe 600 index dropped as much as 0.6 percent on Thursday and was on track to shed 0.5% for the week, which would be the first weekly declines in the last six week.

    Germany’s DAX 30 index picked up 0.2 percent and France’s CAC 40 inched 0.16 percent higher while, the FTSE 100 gained 0.25 percent in London. In Asian trading session, Japan’s Topix index closed roughly higher at the highest since July 2007. The index advanced for a sixth consecutive week. The Nikkei 225 Stock Average also ended at the highest since October 1996. Australia’s S&P/ASX 200 Index and South Korea’s Kospi index rose 0.2 percent and 0.7 percent, respectively.

    U.S. stock futures also traded higher. Dow Jones Industrial Average futures jumped 0.39% to surpass the level 23,200. Meanwhile, S&P 500 futures gained 0.21% to 2,565.75. Nasdaq futures advanced 0.2% to 6,107. For the week, all three benchmarks were all set for weekly gains.

    The U.S. dollar soared strongly to hit the highest level in roughly three months versus its Japanese counterpart and also strengthened against other major rivals on Friday amidst speculation over the tax reforms. The U.S. dollar index, which measures the strength of the buck against six other currencies, climbed 0.3% to 93.526. Dollar’s upbeat moves were fueled after Senate Republicans reportedly passed a budget blueprint for the next fiscal year, which helps clear a critical hurdle in the GOP push to overhaul the tax code.



    Technicals

    CADJPY



    CADJPY rebounded from as low as 90.000 and is retesting a three-week high at 90.713 after having broken above a significant resistance at 50.0% Fibonacci retracement. Further advances are forecast for the pair given a strengthening bullish momentum in the market. Both ADX and RSI index are rising, not to mention a widening gap between +DI and –DI lines. A resistance at 91.150 is expected to be tested.

    Trade suggestion

    Buy Stop at 90.750, Take profit at 91.150, Stop loss at 90.550





    EURUSD


    The currency pair EURUSD retreated after having hit a strong resistance at 1.18550. The price action has crossed over the long-term MA50 and is facing another dynamic support at the short-term MA20. A breakout is anticipated as the RSI index which has slipped into the negative territory signals a strengthening bearish momentum. The pair is forecast to inch lower in an attempt to test a support at 1.17500.

    Trade suggestion

    Sell Stop at 1.17950, Take profit at 1.17500, Stop loss at 1.18150



    NZDUSD


    NZDUSD plunged from as high as 0.71500 and tumbled noticeably to as low as 0.69750 after having penetrated a significant level at 61.8% Fibonacci retracement. The pair consolidated at around 0.70400 but failed to gain bullish momentum by profit-taking. Further declines are expected for the currency pair as sellers are getting stronger in the market, as indicated by ADX index which continues to surge. A support at 0.69350 is expected to be tested.

    Trade suggestion

    Sell Stop at 0.69750, Take profit at 0.69350, Stop loss at 0.69950



    AUDJPY


    Supported by a couple of moving averages that are lingering below the price action, the pair AUDJPY reversed higher from as low as 88.400. The pair retested a nearly-four-week high at 88.895 and looks set to trade higher in an attempt to test a resistance at 89.300. Whereas the RSI index is heading upward, ADX index is also a rise with the +DI and –DI lines diverging.

    Trade suggestion

    Buy Stop at 88.900, Take profit at 89.300, Stop loss at 88.700



    BRENT

    After a period supported by the long-term MA50, U.K. Brent crude price futures prices broke out of this dynamic support and tumbled. Current down moves sent the commodity into the bearish market, as indicated by the RSI index that has slipped to as low as 38.19 and continues to head lower. Further declines are expected for the commodity with a support at 56.200 within the sight.

    Trade suggestion

    Sell Stop at 56.900, Take profit at 56.200, Stop loss at 57.200



    GOLD




    Gold reversed lower after the precious metal failed to break out a couple of dynamic resistance at the short-term MA20 and the long-term MA50. The metal is facing a strong support at the 61.8% Fibonacci retracement that has prevented the price from edging lower since October 09th. A breakout is anticipated with the RSI index pointing downward while the ADX index on a rise with a widening gap between the –DI and +DI lines.

    Trade suggestion

    Sell Stop at 1279.00, Take profit at 1273.00, Stop loss at 1282.00



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

    Boosted By Sharp Jump in Mobile Payments, PayPal Shares Advance Amidst Rosy Outlook


    Shares of PayPal Holdings Inc. took up by more than 4 percent in the extended session on Thursday after the mobile-payments company reported a better-than-expected third-quarter profit and upgraded its guidance for earnings through the rest of the year.

    PayPal’s shares soared 4.03 percent to trade at $69.96 after the San Jose, California-based payments company said it earned $380 million of net income, or 31 cents a share in the third quarter, up from $323 million, or 27 cents a share, in the year-ago period.

    For the three-month ended September, the PayPal reported adjusted earnings of $560 million, or 46 cents a share. The reading marked a rise of 32 percent compared to the same period last year and also beat analysts’ expectations calling for earnings of 39 cents a share on revenue of $3.565 billion.

    Thanks to sharp growth in mobile payments whose volumes surged 54 percent during the last quarter compared with the year-ago period, to about $40 billion, PayPal witnessed its revenue jump 21.4 percent to $3.24 billion from $2.67 billion recorded in the same quarter last year.

    PayPal also raised its guidance for the fiscal year 2017’s adjusted earnings to a range of $1.86 to $1.88 per share from $1.80 per share to $1.84 per share. Meanwhile, earnings are forecast to reach a range of 50 cents to 52 cents per share during the fourth quarter, which is in line with analysts’ estimate of earnings of 51 cents. Revenue is expected to come in between $12.92 billion and $12.98 billion.

    Trade suggestion

    Buy Stop at 70.00, Take profit at 72.00, Stop loss at 69.00


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

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

    GBP/NZD


    From GMT 10:30 20/10/2017
    Till GMT 21:00 20/10/2017

    Buy at 1.88300
    Take profit at 1.88750
    Stop loss at 1.88100
    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. #795
    CapitalStreetFX is offline Senior Member
    Join Date
    Sep 2016
    Posts
    797

    Default


    Daily Report on October 23, 2017




    Global shares and the U.S. dollar advanced on Monday with the odds of U.S. tax overhaul remaining in focus. Japanese shares extended their rally in the face of a softening Yen that came after Shinzo Abe’s election victory over the weekend. Indeed, Japan’s Topix index jumped 0.8 percent to hit the highest level since mid-2007 while the Nikkei climbed to reach the highest since 1996 as the Yen slumped to its weakest in almost 15 weeks.

    MSCI’s Asia Pacific Index added only 0.1 percent as strong gains in Japanese equities were offset by losses in markets in Hong Kong and Australia. Particularly, Hong Kong’s Hang Seng shed 0.6 percent while Australia’s S&P/ASX 200 dropped 0.2 percent. South Korea’s Kospi index was little changed. European shares jumped higher with the Stoxx Europe 600 Index adding 0.3 percent.

    Other stock benchmark index in the region also traded in positive territory. The U.K.’s FTSE 100 Index rose 0.1 percent and Germany’s DAX Index ticked 0.2 percent higher. European stocks received support from the common currency’s slip. The euro dropped versus its major rivals amid concerns over Catalonia as the region's leaders refused to back off from their demand for independence from Spain.

    Gold decreased 0.5 percent to $1,274.18 an ounce, the weakest in almost two weeks. The yellow metal lost ground as the U.S. dollar was boosted by optimisms over the progress on tax reform following Republican-controlled Senate’s passage of a budget blueprint. Furthermore, expectations that the Federal Reserve will raise rate in its December meeting and tighten the economy steadily next year make non-yielding metals like gold less attractive.



    Technicals

    EURGBP


    EURGBP slumped from as high as 0.90200 – a firm resistance that has forced the pair to reverse lower since September 12th. The price action has penetrated a couple of moving averages, which confirms the downtrend. While the RSI index is heading downwards, the ADX index is pointing toward the overbought zone, indicating a strengthening bearish momentum and suggesting further declines for the pair.

    Trade suggestion

    Sell Stop at 0.89000, Take profit at 0.88600, Stop loss at 0.89200



    AUDUSD



    The Australian dollar continued to trade lower versus its American counterpart, sending the pair AUDUSD lower for the second consecutive trading day. As can be seen from the chart, the short-term MA20 has converged with the long-term MA50 from above, suggesting a strengthening bearish force in the market. RSI index that is on a decline signals further downbeat moves for the pair.

    Trade suggestion

    Sell Stop at 0.78000, Take profit at 0.77500, Stop loss at 0.78200



    USDCAD




    USDCAD has broken out of a sideways trading range that blocked the pair between a support at 1.24500 and a resistance at 1.25900. The currency pair crossed over the upper boundary from below and sent the market into the overbought zone, as indicated by the RSI index that has soared to as high as 73.38. Further advances are anticipated with the resistance at 1.27000 within the sight.

    Trade suggestion

    Buy Stop at 1.26500, Take profit at 1.27000, Stop loss at 1.26300



    GBPAUD




    GBPAUD is facing a significant level at the 50.0% Fibonacci retracement after its price action liberated from a constraint from the long-term MA50. The pair is moving sideways below the 50.0% level but looks set to break out of this handle to test another strong resistance at 1.69900 with the RSI index is rising which indicates a strengthening bullish momentum in the market.

    Trade suggestion

    Buy Stop at 1.69100, Take profit at 1.69900, Stop loss at 1.68700



    SILVER




    Silver has been tracking a downtrend under downward pressure exerted by a couple of moving averages that are hanging above the price action. The metal gapped down at the open on Monday but failed to cover the gap and continued to edge lower towards a significant level at 38.2% Fibonacci retracement. Whereas RSI index is on a decline, ADX index is heading upwards, suggesting upcoming down moves for the commodity.

    Trade suggestion

    Sell Stop at 16.880, Take profit at 16.740, Stop loss at 16.950



    CADJPY



    CADJPY tumbled after having gapped down in early trade on Monday. The pair once again fell below a support at 90.000 and also crossed over a couple of moving averages from above, showing a resurging bearish force in the market. A support at 89.400 is anticipated to be tested.

    Trade suggestion

    Sell Stop at 89.800, Take profit at 89.400, Stop loss at 90.000



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

    Dollar Advances on Tax Reform and Rate Hike Expectations, Gold Extends Losses to Two-week Lows


    Gold futures prices extended their downbeat moves on Monday after having suffered the biggest weekly loss in a month last week. The precious metal continued to be under pressure from a strengthening dollar while stocks market on a rally.

    Gold for November delivery shed 0.38 percent to trade at $1,273.70 an ounce – the weakest level in more than two weeks. The precious metal closed at $1,280.50 last Friday, marking a roughly 1.9% weekly drop which was the worst weekly performance since September 22nd.

    The yellow metal lost ground as the U.S. dollar was boosted by optimisms over the progress on tax reform following Republican-controlled Senate’s passage of a budget blueprint. Furthermore, expectations that the Federal Reserve will raise rate in its December meeting and tighten the economy steadily next year make non-yielding metals like gold less attractive.

    Trade suggestion

    Sell Stop at 1273.50, Take profit at 1268.00, Stop loss at 1276.00


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

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

    GBP/JPY


    From GMT 18:45 23/10/2017
    Till GMT 21:00 23/10/2017

    Buy at 150.200
    Take profit at 150.900
    Stop loss at 149.900

    ****************************************
    AUD/NZD


    From GMT 16:30 23/10/2017
    Till GMT 21:00 23/10/2017

    Sell at 1.11900
    Take profit at 1.11400
    Stop loss at 1.12100
    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. #796
    CapitalStreetFX is offline Senior Member
    Join Date
    Sep 2016
    Posts
    797

    Default

    Bolstered by Better-than-expected Earnings, 3M Shares Jump Nearly 3%

    Shares of 3M Co. rallied nearly 3 percent in premarket trade on Tuesday after the multinational conglomerate corporation reported profit and revenue for the third quarter that beat expectations.

    3M’s shares jumped 2.91 percent to trade at $228.00, boosted by better-than-expected third-quarter earnings reports. Indeed, the industrial, safety and consumer products company said it earned $1.43 billion, or $2.33 a share in the three-month period to September, up from $1.33 billion, or $2.15 a share, in the same period a year ago.

    Adjusted for non-incurring items, earnings per share came in at $2.21.

    Meanwhile, revenue was reported to reach $8.17 billion, increasing for a reading of $7.71 billion recorded in the same quarter last year and easily topping market forecast calling or revenue of $7.92 billion. The Minnesota-based company raised its net EPS guidance to a range of $9.00 to $9.10 from $8.80 to $9.05.

    Trade suggestion

    Buy Stop at 228.00, Take profit at 230.00, Stop loss at 227.00


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

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

    U.S. Same-store Sales Advance in Q3, McDonald Shares Edge Higher in Pre-market Trade

    Shares of McDonald’s Corp. rose in pre-market trading session on Tuesday after the world’s biggest fast-food chain published earnings for the third quarter that showed a bigger-than-expected increase in quarterly U.S. comparable sales.

    McDonald’s shares gained 1.24 percent to trade at $165.36 after the fast food restaurant chain reported sales at U.S. restaurants that has opened at least 13 months jumped 4.1 percent. The rate was above the 3.4 percent growth expected by analysts.

    The advance came as a result of attempts of McDonald to reverse a decline in traffic at its U.S. restaurants with offers such as soft drinks of all sizes for $1 and McPick 2 for $5 promotion.

    Meanwhile, global comparable sales also rose, jumping 6 percent, above the 4.5 percent increase forecast by analysts. McDonald reported net income of $1.88 billion, or $2.32 per share, in the third quarter ended September 30th, up from $1.28 billion, or $1.50 per share, a year earlier.

    Trade suggestion

    Buy Stop at 165.50, Take profit at 168.00, Stop loss at 164.00


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

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

    NZD/USD

    From GMT 14:40 24/10/2017
    Till GMT 21:00 24/10/2017

    Sell at 0.69000
    Take profit at 0.68500
    Stop loss at 0.69200
    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. #797
    CapitalStreetFX is offline Senior Member
    Join Date
    Sep 2016
    Posts
    797

    Default

    U.S. shares struggled for direction after early losses following bearish sentiment in Asian and European trading sessions. Uncertainties around the progress of Republican tax-cut legislation persists, holding back gains in U.S. major stock benchmark indices. The Dow Jones Industrial Average, the Nasdaq Composite Index and the S&P 500 were all up by less than 1 percent.
    Meanwhile, the Stoxx Europe 600 Index shed 0.7 percent after having scored its fifth consecutive decline and hit the lowest in almost seven weeks. Most Asian markets closed lower with the MSCI Asia Pacific Index losing 0.6 percent. Japanese shares lost ground as the yen advanced 0.2 percent to 113.30 per dollar, the strongest in two weeks. The Nikkei 225 slid 1.32 percent – the most since April and the Japan’s Topix fell 0.9 at the close.
    South Korea’s Kospi index also traded lower, slipping 0.5 percent. By contrast, the Hang Seng Index in Hong Kong managed a modest gain of 0.2 percent. In Tuesday’s Asian trading session, investors will be focusing on the release of data reporting Chinese fixed asset investment and industrial production numbers for October.Read More
    ************************************************** **********************************
    Technicals
    AUDUSD
    EURCHF has been moving sideways to higher below a firm resistance at 1.16200. The price action has crossed over both the short-term MA20 and the long-term MA50. Bullish sentiment is dominating in the market, as indicated by the RSI index and the ADX index which are edging higher. The pair is anticipated to attempt a resistance at 1.16600.
    Trade suggestion
    Buy Stop at 1.16200, Take profit at 1.16600, Stop loss at 1.16000
    ************************************************** ********************************
    EURCHF has been moving sideways to higher below a firm resistance at 1.16200. The price action has crossed over both the short-term MA20 and the long-term MA50. Bullish sentiment is dominating in the market, as indicated by the RSI index and the ADX index which are edging higher. The pair is anticipated to attempt a resistance at 1.16600.
    Trade suggestion
    Buy Stop at 1.16200, Take profit at 1.16600, Stop loss at 1.16000
    ************************************************** *******************************
    AUDJPY has penetrated a strong support at the level 86.700 from above with downward pressure from two moving averages that are hanging above the price action. Further declines are forecast for the currency pair as the bear is overwhelming in the market. While the RSI index is at as low as 31.88, the ADX index is on a rise, confirming the selling signal.
    Trade suggestion
    Sell Stop at 86.500, Take profit at 86.100, Stop loss at 86.700
    ************************************************** *********************************
    The currency pair EURCAD broke out of a trading range between a support at 1.47400 and a resistance at 1.48200, sending its price action above both the short-term MA20 and the long-term MA50. The RSI index is at as high as 67.08 while the ADX index is ticking higher with a widening gap between the +DI and –DI lines, suggesting further advances for the prices.
    Trade suggestion
    Buy Stop at 1.48500, Take profit at 1.49000, Stop loss at 1.48300
    ************************************************** ***********************************
    U.S. NASDAQ 100 Index has been trading around a benchmark at 6300.00. However, as can be seen from the RSI index which rebounded from the 50 level, the market remained in the bullish territory. Further advances are forecast for the stock benchmark index with a resistance at 6350.00 within the sight.
    Trade suggestion
    Buy Stop at 6320.00, Take profit at 6350.00, Stop loss at 6305.00
    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. #798
    CapitalStreetFX is offline Senior Member
    Join Date
    Sep 2016
    Posts
    797

    Default

    Daily Technical Analysis
    European stock markets advanced on Wednesday following gains on Wall Street overnight and most Asian benchmarks. Investor sentiment was boosted after the U.S. Senate budget committee advanced the Republican tax bill. The MSCI Asia Pacific Index rose 0.3 percent while the Stoxx Europe 600 Index headed for a three-week high with all industry sectors trading in positive territory. The index soared 0.7 percent.

    Germany’s DAX Index also traded higher, up 0.7 percent and France’s CAC 40 Index jumped more than 0.5 percent. By contrast, U.K. shares declined on the back of a strengthening British pound. The U.K.’s FTSE 100 Index shed 0.5 percent, which is the largest dip in two weeks. The Shanghai Composite Index and Australia’s S&P/ASX 200 Index rose 0.1 percent and 0.5 percent, respectively. While Hong Kong’s Hang Seng Index was down less than 0.1 percent, the Kospi index was flat.

    The British pound strengthened versus almost all of its major rivals on Wednesday after multiple media reports showed that the European Union and the United Kingdom reached a deal on the so-called Brexit bill. According to market sources, an agreement-in-principle has been struck over the EU's demand for a 60 billion euro (roughly $71 billion) financial settlement, which would allow talks to move on to other issues such as trade and future relationship between the U.K. and the EU.

    Crude oil futures remained weak on Wednesday after the American Petroleum Institute released a surprise build in U.S. weekly crude inventories. January West Texas Intermediate crude and Brent dropped at least 0.34 percent. The API on Tuesday reported that U.S. crude supplies climbed by 1.8 million barrels for the week ended Nov. 24 amidst expectations calling for a decline of 3 million barrels. Supply data from the Energy Information Administration will be released Wednesday.

    EURGBP
    EURGBP has broken below an upward trend line which connects higher lows. The pair resumed its downtrend following a brief correction and is heading towards a firm support at 0.88000. While the RSI index has tumbled to as low as 33.69, the ADX index reversed higher with a widening gap between the –DI and +DI lines, which suggests a strengthening bullish momentum in the market.

    Trade Suggestion

    Sell Stop at 0.88450, Take profit at 0.88000, Stop loss at 0.88650

    EURCHF
    EURCHF rebounded after having hit supports from a couple of moving averages. Recent upbeat moves sent the market back into the bullish territory, as indicated by the RSI index that has edged higher to as high as 55.18. The ADX index also reversed higher and witnessed a divergence between the +DI and –DI lines, signaling further advances for the pair.

    Trade Suggestion

    Buy Stop at 1.16800, Take profit at 1.17200, Stop loss at 1.16600

    Natural Gas
    Natural gas gapped up on Tuesday and continued to sustain its bullish trend further above a couple of moving averages. The commodity prices are facing a firm resistance at 3.1500 as the market as inched into the overbought zone. However, a breakout is anticipated as buyers are still dominating in the market with a ADX index on a strong rise.

    Trade Suggestion

    Buy Stop at 3.1500, Take profit at 3.2150, Stop loss at 3.1200

    Copper
    Copper has been moving sideways around a firm support at 3.0700. As can be seen from the chart, the short-term MA20 is pointing downward, looking set to penetrate the long-term MA50 from above, which indicates a strengthening bearish force in the market. A support at 3.0350 is within the sight.

    Trade Suggestion

    Sell Stop at 3.0650, Take profit at 3.0350, Stop loss at 3.0800

    DAX 30 Index
    Germany’s DAX 30 index has been on a steady uptrend after having rebounded from a significant level at 100.00% Fibonacci retracement. The stock benchmark index is forecast to trade higher given a strong bullish momentum in the market. Both RSI and ADX indices are heading upwards, suggesting further moves that can bring the price to as high as 13245.00.

    Trade Suggestion

    Buy Stop at 13160.00, Take profit at 13245.00, Stop loss at 13120.00
    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.

  9. #799
    CapitalStreetFX is offline Senior Member
    Join Date
    Sep 2016
    Posts
    797

    Default

    Market Outlook
    Sterling Jumps to Two-month Highs Vs Dollar Following Brexit Progress Reports

    The British pound strengthened versus almost all of its major rivals on Wednesday after multiple media reports showed that the European Union and the United Kingdom reached a deal on the so-called Brexit bill.

    Sterling jumped more than 0.6 percent against its American counterpart in early European trading session on Wednesday, sending the pair GBP/USD to as high as $1.34250 – the strongest level in two months. The pound has been boosted by news that British and EU negotiators had broken the deadlock on the Brexit divorce bill which is the amount of money the U.K. would pay the E.U. after it leaves the Union.

    According to market sources, an agreement-in-principle has been struck over the EU’s demand for a 60 billion euro (roughly $71 billion) financial settlement, which would allow talks to move on to other issues such as trade and future relationship between the U.K. and the EU.

    Trade suggestion

    Buy Stop at 1.34250, Take profit at 1.34650, Stop loss at 1.34050

    Start Trading Forex, Indices, Commodities And Hundreds of Other Markets With Capital Street FX Now!
    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 80 of 80 FirstFirst ... 3070787980

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