Daily Technical Analysis by Capital Street FX

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This topic contains 64 replies, has 3 voices, and was last updated by CapitalStreetFX Support CapitalStreetFX Support 1 day, 9 hours ago.

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  • #32701

    Asian shares trimmed a weekly rally on Friday, slipping from one-and-a-half-year highs. Markets were dragged down by sudden falls in industrial metals including copper. MSCI’s broadest index of Asia-Pacific shares outside Japan shed 0.5% but looked set for its fifth straight week of gains. Hong Kong’s Hang Seng also lost 0.5% while China’s mainland shares dropped 0.4%.

    Australian material stocks topped the market decliners in the wake of big falls in the price of copper, iron ore and other commodities. Copper futures tumbled on Thursday amidst rising concerns over China’s demand.

    Being on track for a weekly decline of around 2 percent, copper prices were undermined by worries about demand in the world’s biggest copper consumer after China’s deputy housing minister Lu Kehua on Thursday said preparatory work was aloof to a nationwide property tax in an attempt to stabilize the property market.

    Gold, meanwhile, hovered around 3-1/2-month highs logged on Thursday, heading for a fourth weekly increase. The rally in the previous session came on the back of a weakening dollar which stemmed from failed attempts of Treasury Secretary Steven Mnuchin to support the currency. In a meeting of manufacturing executives at the White House, U.S. President Donald Trump signaled he wants to keep the greenback’s value lower to aid American companies selling products abroad.

    Elsewhere, the Energy Information Administration (EIA) on Thursday reported U.S. stockpiles rose last week for a seventh straight week. According to the government data, U.S. crude inventories rose by 564,000 barrels in the week to Feb. 17, below analysts’ expectations for a rise of 3.5 million barrels.

    Technicals

    GBPJPY

    GBPJPY price action has been trapped in a narrowing trading range formed by lower highs and higher lows. The pair is approaching the upper boundary and is expected to break above the range as RSI has indicated a resurgence of bullish force. ADX is also inching higher, confirming a strong bullish sentiment.

    Trade suggestion

    Buy Stop at 141.800, Take profit at 142.600, Stop loss at 141.400

    GBPAUD

    GBPAUD has been moving sideways around 1.62750 after breaking the 23.6% Fibonacci level from below. The short-term MA20 has converged with the long-term MA50, suggesting a reversal into an uptrend. RSI remains above 50 and is edging higher, signaling further advances.

    Trade suggestion

    Buy Stop at 1.62800, Take profit at 1.63300, Stop loss at 1.62500

    WTI

    U.S. crude price rebounded from a support at 54.30, also supported by a short-term 20-period moving average. The commodity resumed its rally following a short correction on Thursday. The bulls appear to jump back to market, as indicated by the RSI which is edging higher. The resistance at 55.00 is within the sight.

    Trade suggestion

    Buy Stop at 54.50, Take profit at 55.00, Stop loss at 54.25

    GOLD

    Gold has broken out of a consolidation at 38.2% Fibonacci retracement. After a sharp advance on Thursday which sent the price to 38.2% resistance, the price was contained and forced to move sideways. The price continued to surge higher but the RSI has reached the overbought zone, suggesting the rally will likely be short-lived.

    Trade suggestion

    Buy Stop at 1253.00, Take profit at 1260.00, Stop loss at 1250.00

    * All trading involves risk. Only risk capital you are prepared to lose

  • #32744

    Banking Shares Embroiled in the Red, FTSE 100 Heads For First Weekly Loss

    U.K. shares were trading lower on Friday, heading for the first decline following a three-strong run of weekly wins. The benchmark FTSE 100 index lost more than 0.2% to trade below 7260.00, weighed down by banking equities.

    Shares of Royal Bank of Scotland Group PLC topped the market’s losers on Friday, slipping about 3% after the banking and financial services company its annual net loss more than tripled to GBP6.96 billion ($8.73 billion) as it had to put aside billions of pounds to settle allegations with U.S. authorities.

    Other banking shares edged lower. While Lloyds Banking Group PLC shares dropped more than 0.5%, Standard Chartered PLC plummeted over 4% and Barclays PLC shed nearly 1%.

    Trade suggestion

    Sell Stop at 7240.00, Take profit 7220.00, Stop loss at 7250.00

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

  • #32745

    SILVER signal by Capital Street FX
    From GMT 06:00 24/02/2017
    Till GMT 21:00 24/02/2017

    Buy at 18.200
    Take profit at 18.300
    Stop loss at 18.150

    SUGAR signal by Capital Street FX
    From GMT 16:45 24/02/2017
    Till GMT 21:00 24/02/2017

    Sell at 19.75
    Take profit at 19.50
    Stop loss at 19.90

  • #32790

    Natural Gas Plunges on Forecasts Calling for Warmer-than-normal Weather

    U.S. natural gas futures gapped down on Monday, extending their sharply decline after having fallen steeply last week. The reason behind this downward rally was due to latest forecasts that called for above-average temperatures most parts of the U.S. for the upcoming weeks.

    U.S. natural gas for April delivery dropped around 4% to trade at $2.675 per million British thermal units on the back of concerns over declining demand for heating as weather will turn into warmer-than-normal condition in key regions across the U.S. for the rest of the winter, according to updated weather forecasts.

    Prices of the commodity plummeted by 7% in the previous week to the lowest level since November 11, 2016.

    Trade suggestion

    Sell Stop at 2.670, Take profit 2.600, Stop loss at 2.700

    THIS IS A FINAL WARNING, ADVERTISEMENT IN FORUM IS NOT ALLOWED.

    * All trading involves risk. Only risk capital you are prepared to lose

    • This reply was modified 3 weeks, 3 days ago by Jacob Maas Jacob Maas. Reason: ADVERTISEMENT DELETED
  • #32791

    GBP/CHF signal by Capital Street FX
    From GMT 07:45 27/02/2017
    Till GMT 21:00 27/02/2017

    Sell at 1.25000
    Take profit at 1.24500
    Stop loss at 1.25200

    USD/JPY signal by Capital Street FX
    From GMT 17:00 27/02/2017
    Till GMT 21:00 27/02/2017

    Sell at 112.000
    Take profit at 111.600
    Stop loss at 112.200

  • #32835

    Asian shares advanced on Monday after two days of declines. A drop in the Japanese yen overnight gave strength to the country’s stocks. Asian equities were also boosted by bullish sentiment on Wall Street yesterday after the Dow Jones Industrial Average extended its winning streak to 12 sessions, the longest in 30 years.

    The MSCI Asia Pacific Index advanced 0.2 percent with the Topix index jumping 0.9 percent. Japanese shares rebounded from Monday’s 1 percent loss. While Australia’s S&P/ASX 200 Index and South Korea’s Kospi each climbed 0.3 percent, Hong Kong’s Hang Seng shed 0.2 percent and the Shanghai Composite Index was little changed.

    Dollar hovered around opening price in Asian morning session as investors were cautious ahead of Donald Trump’s address to Congress. Speaking during a meeting with top U.S. health insurance CEOs Monday at the White House, Trump stated that his ministration was working on spending and tax plans, signaling a “big” investment in infrastructure.

    Fed Bank of Dallas President Robert Kaplan late Monday said policy makers should raise interest rates “sooner rather than later” and not pay excessive attention to market expectations. According to federal funds futures, the chance of a rate hike at the Fed’s March 14-15 meeting on Monday jumped to 50 percent from 34 percent just five days ago.

    Sugar and coffee futures prices tumbled on Monday, stretching its downward rally to a fourth-consecutive trading day amidst improving outlook for production in Centre-South Brazil. According to a report published on Monday by Tropical Research Services, the weather in Centre-South Brazil had been favorable since December, which tends to help raise sugar and coffee output in this area.


    Technicals

    GBPAUD

    GBPAUD reversed lower after its price action hit the 23.6% Fibonacci retracement. The pair was also depressed by two moving averages hanging above the price action. As RSI remains under the central line and is pointing downwards, the pair is expected to inch lower.

    Trade suggestion

    Sell Stop at 1.61600, Take profit at 1.61000, Stop loss at 1.61900

    AUDJPY

    AUDJPY extended its rally following a short correction that pushed the pair back to a support at 86.300. The short-term MA20 has crossed over the long-term MA50 from below, suggesting a reversal into an uptrend. As RSI is in the bullish territory, AUDJPY may attempt a major resistance at 87.000.

    Trade suggestion

    Buy Stop at 86.600, Take profit at 87.000, Stop loss at 86.400

    Coffee

    Coffee price has been tracing a steep downtrend for one week. The commodity has breached both 38.2% and 50.0% Fibonacci retracement. In the event of continual down moves, the pair may test a support at 138.90. However, caution should be taken as RSI index has reached the oversold zone, suggesting an upcoming correction for the current trend.

    Trade suggestion

    Sell Stop at 140.50, Take profit at 138.90, Stop loss at 141.00

    EURO 50

    Euro 50 index has been supported by the short-term MA20 and has been tracing this support since last Friday. The stock benchmark had failed to sustain its bearish momentum after breaching the support at 3300.00. With RSI index having surged above 50 which indicates a resurgence of bulls, the price is expected to edge higher.

    Trade suggestion

    Buy Stop at 3320.00, Take profit at 3340.00, Stop loss at 3310.00

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

    * All trading involves risk. Only risk capital you are prepared to lose

    THIS IS A FINAL WARNING, ADVERTISEMENT IN FORUM IS NOT ALLOWED.

    • This reply was modified 3 weeks, 3 days ago by Jacob Maas Jacob Maas. Reason: ADVERTISEMENT DELETED
  • #32839

    Morgan Stanley Shares Turn Lower on the back of Tax Errors

    Shares of Morgan Stanley reversed lower in after-hour trading on Monday after closing the session higher due to a report that said the banker had provided a large number of wealth-management clients with wrong information that caused them to pay their taxes inaccurately over the past five years.

    The errors occurred in tax caused some wealth management clients to underpay and others to overpay their tax in the five-year period to 2016. The bank said it was setting aside $70 million to cover the costs and “committed to making this right for our clients with minimal inconvenience to them”, according a Morgan Stanley spokesman.

    The company also said that it would notify any customers that may have overpaid taxes and reimburse them.

    Trade suggestion

    Sell Stop at 45.70, Take profit 45.00, Stop loss at 46.00

    THIS IS A FINAL WARNING, ADVERTISEMENT IN FORUM IS NOT ALLOWED.
    * All trading involves risk. Only risk capital you are prepared to lose

    • This reply was modified 3 weeks, 3 days ago by Jacob Maas Jacob Maas. Reason: ADVERTISEMENT DELETED
  • #32840

    CAD/JPY signal by Capital Street FX

    From GMT 14:30 28/02/2017
    Till GMT 21:00 28/02/2017

    Sell at 84.900
    Take profit at 84.500
    Stop loss at 85.100

    * All trading involves risk. Only risk capital you are prepared to lose

    THIS IS A FINAL WARNING, ADVERTISEMENT IN FORUM IS NOT ALLOWED.

    • This reply was modified 3 weeks, 3 days ago by Jacob Maas Jacob Maas. Reason: ADVERTISEMENT DELETED
  • #32888


    Daily Report on March 01, 2017

    Japanese shares increased on Wednesday on the back of the yen stumbling to the lowest level in a week. Japan’s Topix index soared 1.1 percent after having completed a fifth straight monthly advance in February, the longest winning streak since early 2015. Chinese equities also advanced after upbeat manufacturing data. Hong Kong’s Hang Seng index and the Shanghai Composite Index climbed 0.2 percent and 0.4 percent, respectively.

    Thanks to a surge in producer prices, China’s official factory gauge firmed in February. Manufacturing purchasing managers index was reported to rise to 51.6 last month, higher than both a median estimate of 51.2 by economists and 51.3 in January. Non-manufacturing PMI declined slightly at 54.2 versus 54.6 in January while private manufacturing PMI from Caixin Media and Markit Economics rose to 51.7.

    U.S. gold futures dropped more than 0.5% to trade below $1243.00 an ounce in Asian trading session, hitting the lowest level since last Thursday. The precious metal looked set to extend its downward rally to a third straight day after a handful of Federal Reserve policymakers late Tuesday fueled speculations for a March U.S. rate hike.

    While New York Fed President William Dudley said that the case for tightening monetary policy “has become a lot more compelling”, San Francisco Fed President John Williams stated that a rate increase next month was very much on the table given full employment and accelerating inflation. According to CME Group’s Fed Watch Tool, traders saw a nearly 62% chance the U.S. central bank would raise its rate at a mid-March meeting. The dollar index, which measures the greenback against a basket of six major rivals advanced 0.24 percent at 101.60.

    In his first address to Congress on Tuesday, U.S. President Donald Trump continued to pledge to overhaul the immigration system, improve jobs and wages for Americans and promised “massive” tax relief to the middle class and tax cuts for companies but shed litter light on details of his plans.

    Elsewhere, figures released by the Australian Bureau of Statistics on Wednesday showed the country’s gross domestic product expanded 1.1 percent in the fourth quarter. The reading was not only higher than estimates for 0.8 percent growth, but also marked a rebound from a shock negative result in the September quarter. Australia’s economy shrank by 0.5% in the three-month period through September, the first negative quarter in five years.

    Technicals

    USDCHF

    USDCHF has breached a resistance at 1.00900 after rebounding from a support 1.00200. The pair has broken out of a trading range between 1.00200 and 1.00900 to attempt a key resistance at 1.01400. RSI has moved past the 50 line, suggesting a strengthening up trend.

    Trade suggestion

    Buy Stop at 1.01000, Take profit at 1.01400, Stop loss at 1.00800

    AUDCAD

    AUDCAD has been moving sideways to higher after breaking out of the resistance at 23.6% Fibonacci level. With support from two MAs moving below the price action and a surging RSI index, the pair is expected to edge higher. However, the RSI index has reached the overbought zone, signaling an upcoming correction.

    Trade suggestion

    Buy Stop at 1.02200, Take profit at 1.02800, Stop loss at 1.01900

    WTI

    U.S. crude price has been tracing a decline with lower highs formed along the price action since last Tuesday. The short-term MA20 has penetrated the long-term MA50 from above, suggesting a reversal into a downtrend. The RSI has retreated from the central line, confirming further down moves. The support at 53.30 is within the sight.

    Trade suggestion

    Sell Stop at 53.80, Take profit at 53.30, Stop loss at 54.00

    DAX 30 Index

    Germany’s Dax 30 index gapped up on Wednesday, liberating its price out of a consolidation at around 11830.00. The price action has crossed over a resistance at 11900.00 and is heading upwards to attempt the multi-month highs at around 12050.00. RSI is soaring, signaling further advances.

    Trade suggestion

    Buy Stop at 11950.00, Take profit at 12050.00, Stop loss at 11900.00

    * All trading involves risk. Only risk capital you are prepared to lose

  • #32892

    Best Buy Shares Rebound on Dividend Hike Plan but Remain Weak after Downbeat Report

    Shares of Best Buy Co. Inc. pared their losses after having fallen as much as 8.6% in premarket trading on Wednesday. The company reported fiscal fourth-quarter revenue and a first-quarter forecast that missed analysts’ expectations.

    Best Buy posted net income of $607.0 million, or $1.91 per share, up from $479.0 million, or $1.40 per share, for the same period last year. Adjusted for one-time items, EPS reached $1.95, beating the $1.67 economists’ consensus.

    However, sales only hit $13.48 billion, down from $13.62 billion one year ago, and below the $13.62 billion forecast by analysts. Domestic same-store sales were reported to drop 0.9%, which contrasted with expectations calling for a rise of 0.4%.

    For the current quarter, Best Buy expects revenue to come in the range of $8.2 billion and $8.3 billion while domestic same-store sales are forecast to decline from 1% to 2%.

    Nevertheless, the company announced a share repurchase plan that accelerates from $1 billion over two years to $3 billion over two years and would raise its quarterly dividend 21% to 34 cents a share.

    Trade suggestion

    Sell Stop at 42.00, Take profit 40.00, Stop loss at 43.00


    * All trading involves risk. Only risk capital you are prepared to lose

  • #32893

    Yen Loses Ground Against Dollar on Rising Speculation about March Rate Increase

    Japanese yen stumbled on Wednesday, falling to the lowest level in a week versus its American counterpart following hawkish comments from U.S. Federal Reserve policymakers overnight.

    The pair USDJPY soared around 0.7% to as high as 113.530 – the highest level since February 22nd after a handful of Fed officials late Tuesday fueled speculations for a March U.S. rate hike.

    While New York Fed President William Dudley said that the case for tightening monetary policy “has become a lot more compelling”, San Francisco Fed President John Williams stated that a rate increase next month was very much on the table given full employment and accelerating inflation.

    According to CME Group’s Fed Watch Tool, traders saw a nearly 62% chance the U.S. central bank would raise its rate at a mid-March meeting.

    Trade suggestion

    Buy Stop at 113.600, Take profit 114.000, Stop loss at 113.400


    * All trading involves risk. Only risk capital you are prepared to lose

  • #32947


    Daily Report on March 02, 2017

    Asian shares rally on Thursday, fueled by U.S. indexes having set fresh records on signs growth is firming worldwide. Japanese equities were among top leaders, soaring 0.9 percent to the highest level since December 2015. Australia’s S&P/ASX 200 Index and New Zealand’s S&P/NZX 50 Index added 1.1 percent and 0.4 percent, respectively. Meanwhile, Chinese stock markets were also on a rise with Hong Kong’s Hang Seng index topping 24,000-point threshold.

    The dollar held on gains after Federal Reserve Governor Lael Brainard echoed her colleagues’ hawkish comments on the monetary policy. In a speech at Harvard University on Wednesday, Brainard, who is consider as one of the Fed biggest skeptics about the strength of the U.S. economy, said “We are closing in on full employment, inflation is moving gradually toward our target, foreign growth is on more solid footing and risks to the outlook are as close to balance as they have been in some time.”

    Speculation about a U.S. rate hike in a FOMC meeting in mid-March was also spurred by data showed that U.S. manufacturing expanded more than expected in February. According to the Institute of Supply Management, last month’s purchasing manager’s index jumped to 57.7, the highest since December 2014. Boosted by a dramatically high-pace increase in new orders, the result beat economists’ forecast for 56.2.

    Crude oil futures continued to slide on Thursday, stretching its decline for a third consecutive session in Asian trading hours on Thursday. The U.S. Energy Information Administration on Wednesday reported a rise of 1.5 million barrels in domestic crude-oil supplies for the week ended February 24, in line with market expectations. The increase marked the eight straight weekly build, sending total crude inventories to a new record of 520.2 million barrels last week.

    Technicals

    USDJPY

    Having been tracing a sharp rally, the pair USDJPY broke out of the 61.8% Fibonacci retracement and is attempting to retest a two-week high at 114.900 logged on February 15th. The uptrend seems to keep on strengthening, as indicated by soaring RSI and ADX indices.

    Trade suggestion

    Buy Stop at 114.300, Take profit at 114.900, Stop loss at 114.000

    NZDUSD

    NZDUSD once again fell below the support at 0.71300 and is heading downwards to the lowest level since January 17 recorded yesterday. While RSI index is pointing to the oversold zone, ADX is edging higher with a wide gap between the –DI and +DI lines, suggesting further declines.

    Trade suggestion

    Sell Stop at 0.71100, Take profit at 0.70500, Stop loss at 0.71400

    Natural gas

    Natural gas resumed its up moves following a period of consolidation. The price action crossed over both short-term and long-term MAs yesterday and may turn them into new dynamic support. RSI pulled back from the central line, signaling strengthening uptrend.

    Trade suggestion

    Buy Stop at 2.800, Take profit at 2.860, Stop loss at 2.770

    EURNZD

    EURNZD is struggling around the resistance at 1.48000 as buyers are facing a major handle. However, the pair has been supported by two moving averages hanging below the price action. In addition, both ADX and RSI are pointing upwards, indicating a strong bullish momentum.

    Trade suggestion

    Buy Stop at 1.48100, Take profit at 1.48600, Stop loss at 1.47900

    * All trading involves risk. Only risk capital you are prepared to lose

  • #32949

    Gold Drops to One-week Low on Rising U.S. Rate Hike Speculation

    Gold futures prices resumed their decline on Thursday, on track to lose ground for a third straight session. The precious metal fell to the lowest level in more than one week, weighed down by rising expectations for a U.S. March rate increase.

    Gold for April delivery dropped around 1 percent to trade below $1240.00 an ounce after Federal Reserve official Lael Brainard late Wednesday echoed her colleagues’ hawkish comments on the monetary policy. The greenback strengthened, sending the dollar index 0.4 percent higher to trade near its highest levels since Jan 4 at 102.0500.

    While a strong dollar causes commodities priced in the currency less affordable for buyers using other monetary units, higher rates tend to diminish demand for non-yielding assets such as gold.

    Trade suggestion

    Sell Stop at 1237.00, Take profit 1231.00, Stop loss at 1240.00


    * All trading involves risk. Only risk capital you are prepared to lose

  • #32950

    Broadcom Reports Upbeat Q1 Earnings, Expecting Strong Outlook

    Shares of Broadcom Ltd. rose more than 4% in the extended session on Wednesday after the company reported fiscal first-quarter earnings results that beat market forecasts.

    The chipmaker posted adjusted quarterly earnings of $3.63 a share on adjusted revenue of $4.15 billion, topping expectations calling for 3.48 a share on revenue of $4.08 billion.

    Broadcom expects adjusted second-quarter revenue to be in the range between $4.025 and $4.175 billion. If confirmed, it would beat Wall Street’s current estimate of $3.9 billion.

    Trade suggestion

    Buy Stop at 223.80, Take profit 225.00, Stop loss at 222.00

    * All trading involves risk. Only risk capital you are prepared to lose

  • #32994

    Daily Report on March 03, 2017

    Global shares retreated on Friday after U.S equities turned lower as investors were cautious ahead of U.S. Federal Reserve President Janet Yellen’s address on the economic outlook in Chicago later in the day. While Japan’s Topix index lost 0.4 percent, shares in Australia, New Zealand, Hong Kong and South Korea all found them were trading in the red. European shares opened lower with all benchmarks gapped down.

    According to data published by Destatis on Friday, Germany’s retailers unexpectedly slumped at the start of the year. The European largest economy recorded retail sales in January dropped 0.8% from the previous month, taking account of seasonal swings and calendar effects. The figure contrasted with economists’ forecasts which had called for a gain of 0.2%.

    Crude oil markets reversed on Friday, supported by a dollar that edged away from a multi-week high. Russia’s energy ministry data on Thursday showed the country’s February oil output was unchanged from January at 11.11 million barrels per day (bpd). In other words, output-cut amount remains at 100,000 bpd compared to October 2016 level and accounts for a third of what was pledged by Moscow under its agreement with the Organization of the Petroleum Exporting Countries (OPEC).

    Elsewhere, Japan’s core consumer prices was reported to advance for the first time in over a year in January. Government data pointed to an increase of 0.1% in January from a year ago, posting the first rise since December 2015. Although energy costs rose, a slump in household spending recapped the gain.


    Technicals

    GBPCHF

    GBPCHF retested the support at 1.23900 again – the level that has contained the price for almost a month. The pair has been tracing the downtrend since February 24 under the pressure from two MAs moving above the price action. RSI is heading downwards, indicating a strong down trend.

    Trade suggestion

    Sell Stop at 1.23900, Take profit at 1.23500, Stop loss at 1.24100

    GBPJPY

    GBPUSD reversed lower after hitting the long-term MA50 again and one more time fell below the support at 140.000. The pair seems to be completing its double top pattern with the price attempting the neck level. The RSI index has moved past the 50 line, indicating an overwhelmingly bullish force in the market. The support at 139.000 is within the sight.

    Trade suggestion

    Sell Stop at 137.700, Take profit at 137.000, Stop loss at 138.000

    GOLD

    Gold broke out of the support at 1231.00 after hovering around this level in Friday’s early trade. As can be seen from the chart, the short-term MA20 has crossed over the long-term MA50 from above, confirming the downtrend. While ADX continued to soar, RSI has fallen into an oversold zone, signaling a correction.

    Trade suggestion

    Sell Stop at 1227.00, Take profit at 1220.00, Stop loss at 1230.00

    EURO 50

    Euro 50 gapped down on Friday, broke out of a trading range around the short-term 20-period moving average. Confirming the downtrend, RSI index fell below the central line. In the event of continual downtrend, the index may drop to as low as the level at 3350.00

    Trade suggestion

    Sell Stop at 3370.00, Take profit at 3350.00, Stop loss at 3380.00

    * All trading involves risk. Only risk capital you are prepared to lose

  • #32995

    Costco Wholesale Earnings Miss Forecasts, Membership Fees Increased

    Shares of Costco Wholesale Corp. plummeted by more than 4 percent in late trading on Thursday after the company reported fiscal second-quarter results that missed market forecasts.

    The retailer posted earnings of $515 million, or $1.17 a share in the three-month period to February, down from $546 million, or $1.24 a share, in the year-ago period. Net sales, however, were reported to advance by 6 percent to $29.13 billion, from $27.57 billion in the same period last year. Although comparable-store sales rose 3 percent last quarter, they still fell short of economists’ forecasts calling for a rise of 3.6 percent.

    In addition to the quarterly earnings reports, Costco also announced that it will increase annual membership fees by $5 for U.S. and Canada individual, business, and business add-on members, which is expected to impact around 35 million members.

    Trade suggestion

    Sell Stop at 170.30, Take profit 169.00, Stop loss at 171.00

    * All trading involves risk. Only risk capital you are prepared to lose

  • #32996

    NZD/USD signal by Capital Street FX

    From GMT 05:20 03/03/2017
    Till GMT 21:00 03/03/2017

    Sell at 70.300
    Take profit at 69.900
    Stop loss at 70.500

    * All trading involves risk. Only risk capital you are prepared to lose

  • #33044

    ADam Cene
    Participant

    Hi!

    Your trade suggestions, how long valid, when you don’t indicate it? Thank you!

    • #33067

      Dear #ADam Cene,

      Thank you for getting in touch with us today. Please be advised that the trade suggestions are valid for upto 3 trade days, unless otherwise stated. We look forward to seeing your profitable trades at Capital Street FX.

      Kind regards,
      CSFX Support Team

  • #33122

    Daily Report on March 06, 2017

    Global shares were pulled lower on Monday, weighed by slumps in industrial metal markets and escalating geopolitical tensions. While Asian equities closed lower, declines in copper, zinc and aluminum weighed on miners, pushing down the Stoxx Europe 600 index.

    Copper futures in both Shanghai and London stumbled on Monday on concerns over rising output in China. According to the chairman of China’s second-largest refiner of the metal, copper may close this year lower. In an interview in Beijing on Sunday, Jiangxi Copper Co. Chairman Li Baomin on Sunday said that copper price was poised to drop this year on the back of Chinese government announcing growth plan for 2017. He also added that his company will increase production to the maximum capacity of 1.36 million metric tons from about 1.2 million tons last year.

    Japanese Yen strengthened versus most of its peers after Japan moved to the highest possible alert level in the wake of North Korea having fired four ballistic missiles into nearby waters. In the latest provocation from Kim Jong Un’s regime, three of the missiles fell into Japan’s exclusive economic zone. Japanese Prime Minister Shinzo Abe told lawmakers in Tokyo that the launches “clearly show that this is a new level of threat” from North Korea and added that the threat was getting closer to his nation’s waters and territory.

    Crude oil prices traded lower on Monday, dragged down by an expansion in U.S. oil stockpiles and production and a strengthening dollar that has been spurred by rising possibility that U.S. Federal Reserve may raise rate as soon as later this month.

    Data published by oil-field services company Baker Hughes Inc. late Friday showed the number of rigs drilling for oil in the U.S. rose by seven to 609 rigs last week. Meanwhile, the U.S. Energy Information Administration expects domestic oil output will reach 9 million barrels a day in 2017. If confirmed, the data will mark a rise of 100.000 barrels a day compared to the previous year.

    On the other hand, markets are also bracing for an interest rate increase by the U.S. central bank on March 14-15th. A rate hike will strengthen the dollar and make dollar-nominated commodities including oil more expensive for foreign buyers, a scenario that often causes prices to fall.

    Technicals

    GBPUSD

    GBPUSD reversed lower after its price action hit two resistances at the same time, which are the short-term 20-period moving average and a downtrend line that has connected lower highs for the last one month. RSI is heading downwards, confirming a strengthening bearish momentum.

    Trade suggestion

    Sell Stop at 1.22600, Take profit at 1.22200, Stop loss at 1.22800

    AUDUSD

    AUDUSD has breached the 23.6% Fibonacci retracement where it had to give up its bullish momentum to reverse lower last Friday. The pair resumed its uptrend after it fell as low as two MAs. The short-term MA20 has crossed over the long-term MA50 from below, confirming a reversal into an uptrend.

    Trade suggestion

    Buy Stop at 0.76100, Take profit at 0.76400, Stop loss at 0.75950

    Coffee

    Coffee prices extended its downward rally after reversing lower from two moving averages. The commodity breached below the 50.2% Fibonacci retracement and is facing a support at 142.20. RSI is heading downwards from the 50 lines, suggesting an overwhelmingly dominant bear force.

    Trade suggestion

    Sell Stop at 142.00, Take profit at 140.40, Stop loss at 142.50

    USDMXN

    USDMXN has broken below the support at 19.50000 after a period of consolidation above this level. Bearish force seems to get stronger, as indicated by a sliding RSI and a soaring ADX index. A widening gap between the –DI and +DI lines also signals further declines.

    Trade suggestion

    Sell Stop at 19.45000, Take profit at 19.20000, Stop loss at 19.60000


    * All trading involves risk. Only risk capital you are prepared to lose

  • #33124

    Natural Gas Boosted Higher on Colder Weather Forecast and Potential Draw in U.S. Storage

    U.S. natural gas futures gapped up on Monday, jumping to the highest level in more than two weeks thanks to cooler weather forecasts and expectations that U.S. natural gas storage will have drawn last week.

    U.S. natural gas for April delivery soared more than 3 percent to as high as $2.925 per million British thermal units – the level not seen since February 17.

    Updated weather forecast showed rain, snow, and cool temperatures will return to the northern and eastern U.S in the next one or two weeks. Cooler weather tends to boost demand for the heating fuel.

    Meanwhile, economists expect U.S. weekly storage data due on Thursday will show a draw in a range between 53 and 64 billion cubic feet in the week ended March 3.

    Trade suggestion

    Call Stop at 2.925, Take profit 2.990, Stop loss at 2.900

    * All trading involves risk. Only risk capital you are prepared to lose

  • #33125

    Copper On a Slide as China’s Second-largest Refiner Looks to Raise Production

    Copper futures in both Shanghai and London stumbled on Monday amid risk-off sentiment in broader markets and mounting speculations that a U.S. rate hike and elections in Europe curb demand.

    According to the chairman of China’s second-largest refiner of the metal, copper may close this year lower. In an interview in Beijing on Sunday, Jiangxi Copper Co. Chairman Li Baomin on Sunday said that copper price was poised to drop this year on the back of Chinese government announcing growth plan for 2017.

    Baomin also added that his company will increase production to the maximum capacity of 1.36 million metric tons from about 1.2 million tons last year.

    Trade suggestion

    Sell Stop at 2.6600, Take profit 2.6500, Stop loss at 2.6650


    * All trading involves risk. Only risk capital you are prepared to lose

  • #33135
    Jacob Maas
    Jacob Maas
    Keymaster

    We are ahead of the real Trump trade in the weeks to come.

  • #33183

    Daily Report on March 07, 2017

    Asian shares were flat on Tuesday after Wall Street posted losses overnight. On Monday, U.S. equities dropped about 0.37% after U.S. President Donald Trump imposed a new ban on immigrant. After the first attempt was blocked in the courts, Trump signed a revised executive order, effective March 16, banning citizens from six Muslim-majority countries from travelling to the United States for 90 days. Compared to the first list, Iraq was removed.

    The euro was stable after shedding 0.4% on Monday following news that Former Prime Minister Alain Juppe ruled out standing in the country’s presidential elections. The single currency has been driven by political developments of election campaigns in the Netherlands, France and Germany. The fact that Juppe won’t enter the race for the presidency will reduce the chances of anti-euro candidate Marine Le Pen being eliminated in the first round of voting.

    Oil prices were little changed for a third session on Tuesday, with investors waiting for economic data later in the week, including import and export data from China and U.S. crude oil inventories for last week on Wednesday. In its five-year “Oil 2017” market analysis, the International Energy Agency (IEA) forecast U.S. shale output to grow at about 1.4 million barrels per day by 2022.

    Reserve Bank of Australia on Tuesday kept interest rates unchanged at 1.5 percent. In the RBA statement published at the same time with the rate announcement, Governor Philip Lowe said “Conditions in the housing market vary considerably around the country. In some markets, conditions are strong and prices are rising briskly,” Lowe also added that “Borrowing for housing by investors has picked up over recent months.”

    Technicals

    GBPAUD

    GBPAUD slumped after moving sideways around the level at 1.61300. The pair has officially broken below the short-term 20-period moving average and is struggling with a support at 1.60500. RSI is pointing downwards, suggesting further declines.

    Trade suggestion

    Sell Stop at 1.60500, Take profit at 1.60000, Stop loss at 1.60700

    EURAUD

    EURAUD stumbled from nearly one-month high at 1.40000 to trade nearly 1.38700. The price action has crossed over the short-term MA20 and is heading downwards to a support at 1.38000. While RSI has moved past the 50 line, the –DI line has penetrated the +DI line from below, indicating a strong bearish force.

    Trade suggestion

    Sell Stop at 1.38700, Take profit at 1.38000, Stop loss at 1.39000

    Sugar

    Sugar resumed its downtrend after a correction that brought the commodity to as high as 19.83. The price, however, headed back down to struggling around the support at 19.13. With RSI on a decline, sugar price may fall lower to test a major support at 38.2% Fibonacci retracement.

    Trade suggestion

    Sell Stop at 19.10, Take profit at 18.75, Stop loss at 19.30

    SILVER

    Silver reversed lower under pressure exerted by two moving averages that are hanging above the price action. The RSI index has almost penetrated the oversold zone, suggesting an overwhelming dominating bearish momentum in the market. A support at 17.550 is within the sight.

    Trade suggestion

    Sell Stop at 17.700, Take profit at 17.550, Stop loss at 17.750

    * All trading involves risk. Only risk capital you are prepared to lose

  • #33185

    Pound Plunges to Seven-week Low Ahead Britain’s Parliament Vote

    British Pound slumped to a seven-week low against the dollar on Tuesday as a strengthening dollar pushed the pair lower ahead of a second vote in Britain’s upper house of parliament which may give parliamentarians a greater say over the terms of Britain’s exit from the EU.

    The pound dropped more than 3% to trade below $1.2200 – the lowest level since mid-January. Prime Minister Theresa May is to trigger the Article 50 EU exit mechanism later this month and her peers in the chamber will vote in an attempt to require the government to give Parliament a “meaningful vote” on the eventual deal with the bloc.

    Meanwhile, the dollar has been on a rise versus most of its rivals due to rising expectations for a rise in U.S. interest rates this month.

    Trade suggestion

    Sell Stop at 1.21900, Take profit 1.21500, Stop loss at 1.22100

    * All trading involves risk. Only risk capital you are prepared to lose

  • #33186

    AUD/JPY signal by Capital Street FX

    From GMT 03:00 07/03/2017
    Till GMT 21:00 07/03/2017

    Sell at 86.600
    Take profit at 87.000
    Stop loss at 86.400

    AUD/NZD signal by Capital Street FX

    From GMT 17:30 07/03/2017
    Till GMT 21:00 07/03/2017

    Buy at 1.08800
    Take profit at 1.09400
    Stop loss at 1.08500

    * All trading involves risk. Only risk capital you are prepared to lose

  • #33213

    Daily Report on March 08, 2017

    Asian shares retreated on Wednesday with MSCI’s broadest index of Asia-Pacific shares outside Japan eased 0.1 percent in early trade. While Japan’s shares and Australian equities edged lower, Chinese stocks were on a rise. Particularly, Japan’s Topix index dropped 0.4 percent and the S&P/ASX 200 Index lost 0.2 percent.

    Meanwhile, the Hang Seng index added 0.5 percent and Chinese shares traded in Hong Kong jumped 0.8 percent after a report showed imports surged in February. According to the General Administration of Customs, China’s exports denominated in yuan rose 4.2 percent in February from a year earlier, but imported soared dramatically by 44.7 percent, leaving a trade deficit of 60.4 billion yuan.

    Crude oil futures edged lower on Wednesday after plunged on Tuesday on the back of an industry report that showed U.S. crude inventories increased last week. The American Petroleum Institute on Tuesday said that U.S. supplies rose 11.6 million barrels last week, much higher than economists’ forecast for a rise of 1.1 million barrels. Energy Information Administration data will be published later on the day.

    U.S. crude shale output is expected to keep rising and may reach a record next year as domestic drillers jumped back in the market in the wake of higher prices. According to EIA’s monthly Short-Term Energy Outlook released on Tuesday, U.S. production will surge to 9.21 million barrels a day in 2017 from 8.98 million projected in February. The agency also stated that output is anticipated to increase to an average 9.73 million barrels a day for 2018, and may top 10 million barrels a day in December 2018.


    Technicals

    EURJPY

    EURJPY fell lower following a period of moving sideways below the resistance at 23.6% Fibonacci retracement. The pair also breached the support at 120.300 and officially sent the price into the bearish territory. With declining RSI and soaring ADX index, the pair is heading downwards to another support at 119.700.

    Trade suggestion

    Sell Stop at 120.100, Take profit at 119.700, Stop loss at 120.300

    GBPJPY

    GBPJPY has been on a decline for four days in a row, under downwards pressure from two MAs which are hanging above the price action. The pair broke below the support at 139.000 with strong bearish momentum, as indicated by sliding RSI index and soaring ADX index.

    Trade suggestion

    Sell Stop at 138.700, Take profit at 138.000, Stop loss at 139.000

    BRENT

    Brent crude has been trading in a downward slopping trend with lower highs and lower lows formed along the trading channel. The commodity has broken out of a support at 55.60 and is attempting another key support at 55.00 – which forced the price to reverse higher last Friday.

    Trade suggestion

    Sell Stop at 55.50, Take profit at 55.00, Stop loss at 55.75

    Natural Gas

    Natural Gas pulled back with the support from two moving averages hanging below the price action. The commodity market rebounded to the bullish territory, as indicated by RSI index. The price is struggling with the resistance at 2.860. In the event of continual uptrend, the price may retest the handle at 2.945.

    Trade suggestion

    Buy Stop at 2.870, Take profit at 2.945, Stop loss at 2.850

    * All trading involves risk. Only risk capital you are prepared to lose

  • #33214

    Crude Oil Drops After API Report and EIA’s Energy Outlook

    Crude oil futures edged lower on Wednesday after plunged on Tuesday on the back of an industry report that showed U.S. crude inventories increased last week.

    The American Petroleum Institute on Tuesday said that U.S. supplies rose 11.6 million barrels last week, much higher than economists’ forecast for a rise of 1.1 million barrels. Energy Information Administration data will be published later on the day.

    U.S. crude shale output is expected to keep rising and may reach a record next year as domestic drillers jumped back in the market in the wake of higher prices. According to EIA’s monthly Short-Term Energy Outlook released on Tuesday, U.S. production will surge to 9.21 million barrels a day in 2017 from 8.98 million projected in February.

    The agency also stated that output is anticipated to increase to an average 9.73 million barrels a day for 2018, and may top 10 million barrels a day in December 2018.

    Trade suggestion

    Sell Stop at 52.75, Take profit 52.30, Stop loss at 52.90

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

    * All trading involves risk. Only risk capital you are prepared to lose

  • #33217

    GBP/CHF signal by Capital Street FX
    From GMT 09:45 08/03/2017
    Till GMT 21:00 08/03/2017
    Sell at 1.23200
    Take profit at 1.22800
    Stop loss at 1.23400

    GBP/AUD signal by Capital Street FX
    From GMT 16:30 08/03/2017
    Till GMT 21:00 08/03/2017
    Sell at 1.61000
    Take profit at 1.60500
    Stop loss at 1.61250

    * All trading involves risk. Only risk capital you are prepared to lose

  • #33281


    Daily Report on March 09, 2017

    Tracing declines in Asian trading session, European shares opened lower, weighed down by energy companies and utilities. The Stoxx Europe 600 index lost 0.2 percent in early trade while Hang Seng China Enterprises Index in Hong Kong led losses in Asia, falling the most since December 15th, 2016. Supported by a softening Yen, Japanese equities were lone gainers.

    Gold fell to the lowest in five weeks on Thursday to trade below $1205.00 an ounce in early European trade – the level not seen since early February on the back of the greenback rallying after Payroll processor ADP reported that the U.S. private sector added 298,000 jobs in February. The result was well above forecasts for an increase of 190,000 and also the largest increase in private sector hiring since March 2006. Furthermore, January’s figure was revised up to show an increase of 261,000 jobs from the previous report of 246,000.

    Markets were waiting for government employment report for February due on Friday. A strong reading would cement speculations of a rate increase at the Fed’s March 14-15 meeting and spur the dollar higher. A stronger currency tends to make dollar-nominated assets like gold less affordable for buyers holding other currencies while higher rate causes gold less appealing as the precious metal offers no yield.

    Elsewhere, China National Statistics Bureau on Thursday reported the country’s producer price inflation accelerated to its fastest pace in nearly nine years in February while consumer inflation, by contrast, cooled more than expected to its slowest pace since January 2015. Spurred by a rally in prices of steel and other raw materials, the producer price index (PPI) jumped 7.8 percent in February from a year earlier, beating analysts’ forecast of a 7.7 percent gain.

    However, China’s consumer inflation rate slowed to 0.8 percent last month due to a decline in food prices following the long Lunar New Year celebrations. Economists had expected the CPI to rise 1.7 percent after an acceleration of 2.5 percent in January.

    Technicals

    USDJPY

    USDJPY resumed its rally after a short correction on Monday. The pair is struggling at a resistance at 114.900 and appears to continue heading upwards with the support of two MAs hanging below the price action. Both RSI and ADX indices are pointing up, suggesting further advances.

    Trade suggestion

    Buy Stop at 114.900, Take profit at 115.300, Stop loss at 114.700

    AUDUSD

    AUDUSD has breached the support at 0.75000, extending its slide to a second day and sending the price to the lowest level since January 17. As the market has entered the oversold zone, the downtrend may be short-lived. The support at 38.2% level is within the sight.

    Trade suggestion

    Sell Stop at 0.74900, Take profit at 0.74500, Stop loss at 0.75100

    Coffee

    Coffee prices reversed lower at the resistance at 142.20 with the bullish force being depressed by the short-term MA20 which was hanging above the price action. RSI also pulled back to head lower, suggesting a stronger bearish momentum. A support at 139.40 is expected to be retested.

    Trade suggestion

    Sell Stop at 141.00, Take profit at 139.40, Stop loss at 141.70

    FTSE 100

    FTSE 100 index has crossed over the long-term MA50, which indicates a strong downtrend. As well as the RSI index move past the 50 line, the index is expected to fall lower as the bear is dominating in the market. In the event of continual downtrend, the index may fall as low as 7260.00.

    Trade suggestion

    Sell Stop at 7290.00, Take profit at 7260.00, Stop loss at 7305.00


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    * All trading involves risk. Only risk capital you are prepared to lose

  • #33282

    Natural Gas Surges High as U.S. Inventories Fall Larger-than-expected

    U.S. natural gas rose to a nearly three-week high on Thursday after a weekly report showed that U.S. domestic supplies of the commodity fell sharper than expected.

    April natural gas surged more than 2.1% to $2.974 per million British thermal units as data from the U.S. Energy Information Administration indicated that inventories dropped by 68 billion cubic feet for the week ended March 3, which was well above economists’ expectations calling for a decline of 58 billion cubic feet.

    According to government data, total stocks now stand at 2.295 trillion cubic feet, down 192 billion cubic feet from a year ago, but 363 billion cubic feet above the five-year average.

    Trade suggestion

    Buy Stop at 2.980, Take profit 3.040, Stop loss at 2.950

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

    * All trading involves risk. Only risk capital you are prepared to lose

  • #33283

    Gold Tumbles As ADP Data Strengthens Bets on U.S. Rate Hike Next Week

    Gold fell to the lowest in five weeks on Thursday as the dollar held on gains versus most of its peers after a strong hiring data from payroll processor Automatic Data Processing overnight which helped raise the bets on a Federal Reserve rate hike next week.

    Gold traded below $1205.00 an ounce in early European trade – the level not seen since early February on the back of the greenback rallying after Payroll processor ADP reported that the U.S. private sector added 298,000 jobs in February. The result was well above forecasts for an increase of 190,000 and also the largest increase in private sector hiring since March 2006. Furthermore, January’s figure was revised up to show an increase of 261,000 jobs from the previous report of 246,000.

    Markets were waiting for government employment report for February due on Friday. A strong reading would cement speculations of a rate increase at the Fed’s March 14-15 meeting and spur the dollar higher. A stronger currency tends to make dollar-nominated assets like gold less affordable for buyers holding other currencies while higher rate causes gold less appealing as the precious metal offers no yield.

    Trade suggestion

    Sell Stop at 1204.50, Take profit 1200.00, Stop loss at 1207.00

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

    * All trading involves risk. Only risk capital you are prepared to lose

  • #33338

    Daily Report on March 10, 2017

    Global shares rose on Friday with MSCI’s broadest index of Asia-Pacific shares outside Japan edging 0.5 percent higher. Tracing a modest bounce in Wall Street overnight, Hong Kong’s Hang Seng aded 0.2 percent, Singapore’s Straits Times Index jumped 0.5 percent while Japan’s Topix index surged 1.2 percent, the most in a week.

    Meanwhile, shares in South Korea climbed 0.3 percent and the won also firmed slightly after the country’s Constitutional Court removed President Park Geun-hye from office on Friday over a graft scandal involving the country’s conglomerates at a time of rising tensions with North Korea and China.

    The dollar held on gains on Friday ahead of the monthly report on labor market. The non-farm payrolls are expected to show a growth of 200,000 workers in February. Previously, also a report on Thursday that showed the number of Americans applying for unemployment benefits rose to 243,000 last week, pointing to a tightening labor market. The dollar index against a basket of major currencies was up 0.1 percent at 101.900.

    U.S. crude prices fluctuated on Friday, struggling to find direction after having fallen below $50 per barrel on the day before as concerns over a global glut overshadowed bullish sentiment from output cuts by major exporters. West Texas Immediate was flat in early European trade, on track for 7 percent decline this week – the biggest weekly drop since early November. The prices have been under pressure from rising production in the U.S. where producers are drilling more wells and pumping more oil on the back of rising oil prices.

    Technicals

    USDJPY

    USDJPY pulled back from a support at 115.300 after having a breather at nearly two-month highs at 115.488. The RSI is hovering around the 70 line, which indicates that the market has entered the overbought zone. However, ADX keeps soaring, suggesting a strong bullish trend currently.

    Trade suggestion

    Buy Stop at 115.500, Take profit at 116.000, Stop loss at 115.200

    EURJPY

    EURJPY reached its peak since February 01st, sending the market into the oversold territory. Nonetheless, the bullish momentum seems not to have any intention to jump on a break, as indicated by ADX that keeps soaring. The resistance at 123.000 is expected to be tested.

    Trade suggestion

    Buy Stop at 122.500, Take profit at 123.000, Stop loss at 122.200

    USDCHF

    USDCHF has been moving sideways to higher with the support from the long-term 50-period moving average. RSI has moved past the 50 line, suggesting potentially upcoming up moves.

    Trade suggestion

    Buy Stop at 1.01300, Take profit at 1.01600, Stop loss at 1.01150

    BRENT

    U.K. Brent crude has been fallen into a consolidation after plunging to the lowest level since November 30th, 2016. Long lower shadows of the last two candles show that the price is inclined to edge lower but buyers jumped in every time to buy up. However, the market has been in the bearish territory. The support at 51.60 is within the sight.

    Trade suggestion

    Sell Stop at 52.30, Take profit at 51.60, Stop loss at 52.60

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    * All trading involves risk. Only risk capital you are prepared to lose

  • #33341

    U.S. Producers Ramp Up Shale Production, Oil Plunges to Three-month Lows

    U.S. crude prices fluctuated on Friday, struggling to find direction after having fallen below $50 per barrel on the day before as concerns over a global glut overshadowed bullish sentiment from output cuts by major exporters.

    West Texas Immediate was flat in early European trade, on track for 7 percent decline this week – the biggest weekly drop since early November. The prices have been under pressure from rising production in the U.S. where producers are drilling more wells and pumping more oil on the back of rising oil prices.

    Besides the fact that U.S. crude inventories rose by 8.2 million barrels last week to a record 528.4 million barrels, U.S. producers are putting pressure on prices by planning to expand crude production in North Dakota, Oklahoma and other shale regions.

    The U.S. Energy Information Administration forecast U.S. oil output to increase to an average of 9.7 million barrels per day in 2018.

    Trade suggestion

    Sell Stop at 49.50, Take profit 48.90, Stop loss at 49.80

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

    * All trading involves risk. Only risk capital you are prepared to lose

  • #33344

    EUR/JPY signal by Capital Street FX

    From GMT 04:50 10/03/2017
    Till GMT 21:00 10/03/2017

    Buy at 122.100
    Take profit at 122.700
    Stop loss at 121.800

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

    * All trading involves risk. Only risk capital you are prepared to lose

  • #33493


    Daily Report on March 13, 2017

    Global shares edged higher on the first day of an eventful week, supported by a positive U.S. jobs report published last Friday. The MSCI Asia Pacific Index surged 0.7 percent with gains led by a rise of 1.9 percent in the Hang Seng China Enterprises Index. Japan’s Topix rose 0.2 percent while the Stoxx Europe 600 added less than 0.1 percent, extending the rally to a fourth straight session.

    The pair EURUSD surged more than 0.1% to break though the $1.07000 threshold. The pair traded at the highest level since Feb. 9 at $1.07053 in the second half of Asian trading. Some members of the ECB’s Governing Council on Thursday discussed the possibility of higher interest rates before the end of its quantitative easing program. Although the talk on the issue was brief and did not receive broad support, the single currency has been received great support.

    On the other hand, markets were waiting for the U.S. central bank’s meeting due later this week with high expectation of a rate increase. According to CME Group’s Fed Watch tool, Fed fund futures prices showed investors pricing in more than a 90 percent chance of an increase in U.S. overnight interest rates. Besides the Fed, investors will also be looking for rate decisions from other central bank namely Bank of Japan and Bank of England.

    As reported by the Japanese Cabinet Office, the country’s core machinery orders unexpectedly fell in January following a rebound in December, when core orders rose 2.1 percent. Core machinery orders fell 3.2 percent in January, dipping the most in five months and missing the economists’ median estimate of a 0.5 percent increase.

    Technicals

    AUDNZD

    AUDNZD has been inching higher since it broke out of a consolidation around the 61.8% Fibonacci retracement. The price action has also crossed over the short-term MA20, confirming the comeback of the uptrend. Both RSI and ADX indices are heading upwards, which signals further up moves.

    Trade suggestion

    Buy Stop at 1.09200, Take profit at 1.09700, Stop loss at 1.09000

    EURCHF

    EURCHF pulled back after a correction which brought the pair to as low as 1.07450. The pair remained in the bullish zone, as indicated by the RSI index that has reversed higher and is heading upwards. With two MAs moving below the price action, the pair may attempt a resistance at 1.08000.

    Trade suggestion

    Buy Stop at 1.07600, Take profit at 1.08000, Stop loss at 1.07400

    Copper

    Copper extended its rally which began after the commodity prices reversed higher at a support at 2.5600. The price saw a correction following a penetration with the short-term MA20. However, the bullish momentum managed to cross over the dynamic resistance and may support to price to retest a major resistance at 38.2% Fibonacci retracement.

    Trade suggestion

    Buy Stop at 2.6300, Take profit at 2.6600, Stop loss at 2.6100

    DAX 30

    DAX 30 index has been moving sideways in a narrow trading range between a support at 11930.00 and 12060.00. The index has rebounded from the lower boundary and is pointing upwards in an attempt to test the upper boundary after its price action has crossed over two moving averages.

    Trade suggestion

    Buy Stop at 11985.00, Take profit at 12060.00, Stop loss at 11950.00

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    * All trading involves risk. Only risk capital you are prepared to lose

  • #33494

    Pushed Higher by Miners, U.K. Shares Advance, Strong Pound Caps Gains

    U.K. shares surged higher on Monday, supported by stocks of mining companies. However, a strong Pound weakened the bullish momentum.

    The stock benchmark FTSE 100 index rose nearly 0.3%, extending its up moves for a second straight session thanks to a rise in metals prices which pushed miners’ equities higher.

    Topping the market, Fresnillo soared more than 5.7%.Other miners were also among top advancers. Particularly, shares of Anglo American added 4.8%, while those of Antofagasta PLC jumped 3.48%. Rio Tinto PLC and Glencore PLC witnessed their stocks climbed 3.76% and 2.06%, respectively.

    On the other hand, the Sterling advanced almost 0.5% versus the dollar ahead of the trigger of Brexit negotiations which may come later this month.

    Trade suggestion

    Buy Stop at 7365.00, Take profit 7385.00, Stop loss at 7355.00

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

    * All trading involves risk. Only risk capital you are prepared to lose

  • #33495

    EUR/CAD signal by Capital Street FX

    From GMT 05:50 13/03/2017
    Till GMT 21:00 13/03/2017

    Buy at 1.44000
    Take profit at 1.44400
    Stop loss at 1.43800

    AUD/JPY signal by Capital Street FX

    From GMT 18:00 13/03/2017
    Till GMT 21:00 14/03/2017

    Buy at 87.000
    Take profit at 87.400
    Stop loss at 86.800

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    * All trading involves risk. Only risk capital you are prepared to lose

  • #33528


    Daily Report on March 14, 2017

    Asian shares inched higher on Tuesday with gains in Chinese equities countering losses in Japan’s stocks. The MSCI’s broadest index of Asia-Pacific shares outside Japan added 0.1 percent, led by Chinese shares traded in Hong Kong that climbed 0.6 percent after data showed China’s economy started the year on a firm footing. Japan’s Nikkei .N225 inched down 0.1 percent, slipping for the first time in four days as the yen fluctuated.

    China’s factory output and fixed-asset investment grew more strongly than expected in the first two months of the year. Particularly, the country’s industrial output rose 6.3 percent in January-February from the same period a year earlier, beating forecast for a rise of 6.2 percent. Fixed-asset investment expanded 8.9 percent while analysts had expected a growth of 8.2 percent.

    In contrast to both industrial output and fixed-asset investment that topped projections, retail sales disappointed after the government reduced a tax break on small cars. Combined retail sales of China for January and February rose only 9.5 percent from a year earlier, missing expectations of 10.5 percent after having soared by 10.9 percent in December.

    Sterling weakened versus most of its rivals on Tuesday following Britain’s parliament’s decision to pass legislation allowing the government to invoke Article 50 of the Lisbon Treaty. Parliament on Monday paved the way for Prime Minister Theresa May to launch divorce talks with the European Union with the House of Commons overturning amendments from the unelected House of Lords that sought to restrict May’s room for maneuver. According to market sources, May is preparing to trigger Brexit in the last week of March.

    Technicals

    GBPJPY

    GBPJPY is tracing a double-top pattern after having reversed lower at the high of 140.470. The pair is testing the neck level and has hit the long-term MA50 and may fell further as the market has entered the bearish zone. A support at 139.000 is within the sight.

    Trade suggestion

    Sell Stop at 139.700, Take profit at 139.000, Stop loss at 138.000

    USDJPY

    USDJPY has been tracing an uptrend along the short-term MA20 after having reversed higher from the low at 114.460. Both the RSI and ADX indices are soaring higher, suggesting a strong uptrend. The resistance at 115.500 is expected to be tested.

    Trade suggestion

    Buy Stop at 115.000, Take profit at 115.500, Stop loss at 114.800

    GOLD

    Gold continued to edge lower, depressed by a short-term MA20 that is moving above the price action. The bear jumped back into the market after the bull failed to bring the price go beyond the 50.0% Fibonacci retracement. RSI index has been moving downwards, indicating a strong bearish momentum.

    Trade suggestion

    Sell Stop at 1202.00, Take profit at 1195.00, Stop loss at 1205.00

    Natural Gas

    As can be seen from the chart, the price action has pulled back after having hit the short-term MA20. With the support of the moving average, the commodity is expected to test the resistance at 61.8% Fibonacci retracement. RSI is heading upwards and moving in the bullish zone, signaling further up moves.

    Trade suggestion

    Buy Stop at 3.030, Take profit at 3.065, Stop loss at 3.015

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    * All trading involves risk. Only risk capital you are prepared to lose

  • #33529

    Crude Oil Extends Downward Rally As OPEC Revises Up Forecasts for International Output

    Crude prices hit the lowest level since November 30, 2016 after a monthly report from the Organization of the Petroleum Exporting Countries pointed to an increase in crude inventories of developed countries.

    Brent crude fell to as low as $50.40 per barrel – the level not seen in three-and-a-half month as OPEC said in its monthly report that oil inventories in developed countries had risen above the five-year average to stand 278 million barrels in January regardless of efforts by major producers to curb crude output.

    The report also revised up its forecast for production outside OPEC by 400,000 bpd, 160,000 more than previously expected. The comeback of U.S. shale drilling is also anticipated to push U.S. output higher by 100,000 bpd in 2017.

    Trade suggestion

    Sell Stop at 50.40, Take profit 49.70, Stop loss at 50.70

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  • #33532

    Pound Hits Two-month Lows, U.K. Shares Gap Up

    U.K. shares gapped up on Tuesday, spurred by a weakening British Pound after Britain’s parliament’s decision to pass legislation allowing the government to invoke Article 50 of the Lisbon Treaty.

    The FTSE 100 index rose more than 0.1 percent, finding supports from oil and gas, health care and consumer-goods shares but banking stocks were trading lower, which caused the gain for the benchmark to be limited.

    The Pound dropped more than 0.75 percent, dropping to as low as $1.21081 after the Parliament on Monday paved the way for Prime Minister Theresa May to launch divorce talks with the European Union. According to market sources, May is preparing to trigger Brexit in the last week of March. A weaker pound tends to boost U.K. shares as it raises the prospect for higher earnings and revenue made overseas by multinational companies listed in London.

    Topping the market, shares of Prudential PLC added nearly 4 percent after the U.K.’s largest insurer announced to raise its ordinary dividend after earnings rose 7 percent.

    Trade suggestion

    Buy Stop at 7375.00, Take profit 7390.00, Stop loss at 7360.00

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  • #33619


    Daily Report on March 15, 2017

    European shares gained on Wednesday while Asian stocks consolidated. Boosted by shares of raw-material producers which rallied 2.2 percent as a group, the Stoxx Europe 600 Index jumped 0.4 percent. In Asian trading hours, Australia’s S&P/ASX 200 Index climbed 0.3 percent, reversing higher after earlier drop of as much as 0.6 percent.

    Hong Kong’s Hang Seng and Hang Seng China Enterprises Index pared losses after Chinese Premier Li Keqiang said at his annual news conference at the end of the annual meeting of China’s parliament that China supports globalization and free trade and will quicken the pace of opening its economy. Li also said that Beijing does not want to see a trade war with the United States and is seeking talks between both sides to achieve common ground.

    The Premier also guaranteed normal use of foreign exchange for firms and individuals despite the decline in the country’s foreign exchange reserves. Li said China’s foreign exchange reserves are still sufficient to cover imports and foreign debt payments.

    Crude oil pulled back from a fall on Tuesday after the industry-funded American Petroleum Institute reported that U.S. inventories may have dropped by 531,000 barrels last week. Tuesday’s steep declines came after an OPEC report showed Saudi Arabia’s production climbed back above 10 million barrels a day in February.

    The dollar weakened versus most of its rivals on Wednesday ahead of the Federal Reserve’s rate decision which will be announced after the central bank’s two-day meeting. Markets are widely expecting a quarter-point hike later on the day and are also looking to Chair Janet Yellen’s news conference a half hour later for any hints of a change in the number of increases the central bank foresees this year.

    Technicals

    AUDCAD

    AUDCAD has been struggling around the resistance at 1.02000 for a half month. The pair retreated yesterday after a failed attempt to move past the major handle but reversed higher again with supports from two MAs hanging below the price action. RSI is soaring, confirming the up trend.

    Trade suggestion

    Buy Stop at 1.02100, Take profit at 1.02500, Stop loss at 1.01900

    GBPUSD

    GBPUSD retreated under pressure from two MAs moving above the price action and from a resistance at 1.22500 which has forced the pair to reverse lower twice this week. The market returned to the bearish zone with RSI falling back below 50. In the event of continual downtrend, the pair is anticipated to retest the low at 1.21000.

    Trade suggestion

    Buy Stop at 1.21700, Take profit at 1.21000, Stop loss at 1.22000

    COPPER

    Copper has finally broken through a major resistance at 23.8% Fibonacci retracement after a retreat yesterday stemming from the fact that the price action hit the Fib. handle. The price action is moving above a couple of MAs and is expected to edge higher to test another resistance at 2.7000.

    Trade suggestion

    Buy Stop at 2.6600, Take profit at 2.7000, Stop loss at 2.6450

    GOLD

    Gold is tracing the short-term MA20 to trade lower. The precious metal has been moving sideways to lower since it retreated from the 50.0% Fibonacci level and with a market that has been in the bearish territory, as indicated by the RSI index, gold is expected to test a support at 1195.00.

    Trade suggestion

    Sell Stop at 1121.00, Take profit at 1195.00, Stop loss at 1124.00

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  • #33621

    Crude Oil Ignores First U.S. Supply Draw in 10 Weeks, Trading in Narrow Range

    Crude oil were flat in early trading hours on Wednesday, received not much support from a surprise drawdown in U.S. inventories.

    April West Texas Intermediate crude were trading around $48.60 per barrel at 3:00 pm GMT on the New York Mercantile Exchange after the U.S. Energy Information Administration reported domestic crude-oil supplies dropped for the first time in 10 weeks.

    Crude supplies were announced to fall by 200,000 barrels for the week ended March 10. This was in a stark contrast to expectations of economists who forecast an increase of 3.3 million barrels.

    Also supporting the price, the monthly report published by the International Energy Agency (IEA) on Wednesday suggested OPEC cuts should create a crude deficit in the first half of 2017. The EIA stated that if the group maintains its output curb to June, the market could show an implied deficit of 500,000 bpd.

    Trade suggestion

    Buy Stop at 48.80, Take profit 49.60, Stop loss at 48.50

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  • #33623

    Natural Gas signal by Capital Street FX

    From GMT 04:00 15/03/2017
    Till GMT 21:00 15/03/2017

    Sell at 2.920
    Take profit at 2.860
    Stop loss at 2.950

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  • #33706


    Daily Report on March 16, 2017

    Tracing higher closes on Wall Street overnight, Asian shares rose strongly on Thursday with the MSCI Asia Pacific Index jumping 1.1 percent to the highest level since June 2015. Hong Kong’s Hang Seng gained 1.2 percent and the Hang Seng China Enterprises Index climbed 1.6 percent while South Korea’s Kospi added 0.7 percent. Australia’s S&P/ASX 200 Index and New Zealand’s S&P/NZX 50 Index increased 0.2 percent and 0.6 percent, respectively.

    Gold surged considerably to more than one-week highs on Thursday on the back of the dollar having plunged steeply after Fed raised rate but signaled no pick-up in the pace of tightening. Gold futures prices for April delivery jumped around 2% to trade at $1225.00 an ounce as the greenback lost ground versus most of its peers even after the Federal Reserve hiked interest rates by 25 basis points to a range of 0.75 percent to 1.00 percent.

    This was the second rate hike in three months, a move supported by steady economic growth, strong job gains and prospect that inflation is heading towards the central bank’s target goal. However, Fed did not signal any plan to accelerate the pace of monetary tightening with Fed Chair Janet Yellen emphasizing that future rate increases would be “gradual.”

    Crude oil prices extended its rally in early Asian trading on Thursday after official data showed U.S. inventories had eased from record highs. Weekly data published by the U.S. Energy Information Administration (EIA) showed U.S. crude stocks fell for first time after nine straight increases last week. Crude stockpiles fell 237,000 barrels in the week to March 10, in a marked contrast to analysts’ forecast for an increase of 3.7 million barrels.

    Australian unemployment was reported to unexpectedly climb in February as the economy shed jobs. The Australian Bureau of Statistics on Thursday posted jobless rate of 5.9% last month which rose to a 14-month high as the total number of people with jobs fell by 6,400 in February. Economists had expected the labor market to add 15,000 jobs in order to maintain the unemployment rate at 5.7%.

    Technicals

    EURNZD

    EURNZD rebounded from the long-term MA50 and is challenging the short-term MA20. Recent up moves have brought the market back to the bullish zone. ADX index is inching lower, suggesting a weakening former downtrend. Continual uptrend may send the price back to the highest level since Monday at 1.54500.

    Trade suggestion

    Buy Stop at 1.53500, take profit at 1.54500, stop loss at 1.53000

    GBPJPY

    GBPJPY dropped back to a major support at 139.000 which it has tested for several times in more than one week. The pair has been under downward pressure from two MAs hanging above the price action. The market fell into the bearish market and the price may fall to as low as 138.500.

    Trade suggestion

    Sell Stop at 139.000, take profit at 138.500, stop loss at 139.250

    BRENT

    Brent crude pulled back from a fixed support at 51.60 where it also faced a dynamic support that is the short-term MA20. The commodity market has entered the bullish territory with RSI index moving past the 50 line. ADX is also on a rise, suggesting strengthening current uptrend.

    Trade suggestion

    Buy Stop at 52.15, take profit at 53.00, stop loss at 51.80

    EURO 50

    Having been supported by two moving averages which are tracing higher below the price action, the stock benchmark is heading to retest a fifteen-month high at 3441.00, logged last Friday. However, with strong bullish momentum as indicated by rising RSI and ADX indices, the Euro 50 is expected to surge higher than that.

    Trade suggestion

    Buy Stop at 3430.00, take profit at 3480.00, stop loss at 3410.00

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  • #33707

    USDCAD Tumbles to Two-week Lows as Oil Edges Higher While Dollar Hit By Fed

    Canadian dollar soared to the highest level in more than two weeks versus its American counterpart on Thursday, supported by a rising crude price while the dollar lost ground after Fed raised rate but signaled no pick-up in the pace of tightening.

    The pair USDCAD dropped to as low as 1.32800 as the dollar weakened broadly against most of its peers even after the Federal Reserve hiked interest rates by 25 basis points to a range of 0.75 percent to 1.00 percent. This was the second rate hike in three months, a move supported by steady economic growth, strong job gains and prospect that inflation is heading towards the central bank’s target goal.

    However, Fed did not signal any plan to accelerate the pace of monetary tightening with Fed Chair Janet Yellen emphasizing that future rate increases would be “gradual.”

    Meanwhile, crude oil futures prices extended its rally in early European trading hours on Thursday after official data on Wednesday showed U.S. inventories had eased from record highs. Weekly data published by the U.S. Energy Information Administration (EIA) showed U.S. crude stocks fell 237,000 barrels in the week to March 10, which was in a marked contrast to analysts’ forecast for an increase of 3.7 million barrels.

    Trade suggestion

    Sell Stop at 1.32800, Take profit 1.32200, Stop loss at 1.33100

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  • #33708

    Euro Hits Multi-week Highs as Dollar Softens after Fed Signals Gradual Rate Hikes

    The euro took off to five-week highs versus the dollar on Thursday as political uncertainties in Europe was reduced after Netherlands’ Prime Minister Mark Rutte’s party took lead in Wednesday election. Meanwhile, the greenback plunged steeply after Fed raised rate but signaled no pick-up in the pace of tightening.

    The euro got a boost as investors were relieved after fears that public opinion was swinging inexorably toward a break-up of the union. Votes counted so far showed the anti-EU party of Geert Wilders won fewer seats than expected in Dutch elections.

    On the other hand, dollar lost ground versus most of its peers even after the Federal Reserve hiked interest rates by 25 basis points to a range of 0.75 percent to 1.00 percent. This was the second rate hike in three months, a move supported by steady economic growth, strong job gains and prospect that inflation is heading towards the central bank’s target goal.

    However, Fed did not signal any plan to accelerate the pace of monetary tightening with Fed Chair Janet Yellen emphasizing that future rate increases would be “gradual.”

    Trade suggestion

    Buy Stop at 1.07300, Take profit 1.07700, Stop loss at 1.07100

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  • #33766


    Daily Report on March 17, 2017

    Asian shares found themselves on an advance on Friday, looking set for their best weekly rally since mid- July. MSCI’s broadest index of Asia-Pacific shares outside Japan added 0.3 percent, on course to finish the week 3.5 percent higher, the biggest gain since the week ended July 15. While Chinese equities were also steady, set for a 1.6 percent increase for the week and Hong Kong’s Hang Seng index stayed on track to log its biggest increase since September with a rise of 3.4 percent, Japan’s Nikkei lost 0.3 percent, and is poised for a 0.4 percent loss for the week.

    The greenback continued to remain week after the Federal Reserve raised interest rates by 25 basis points on Wednesday but kept to its original forecast of three rate hikes this year. The dollar index, which tracks the greenback against a basket of six trade-weighted peers, retreated 0.1 percent to 100.26. The index hit a five-week low on Thursday, and is looking for a decrease of almost 1 percent for the week as investors who were expecting for a more aggressive rate-hike path were disappointed.

    The Bank of England on Thursday held its benchmark interest rate steady at 0.25% following officials’ March policy meeting. However the meeting signaled an increase may not be far off as one of the nine members voting to raise rates for the first time in eight months. The bank cited uncertainty surrounding Britain’s prospects as it prepares for exit talks with the European Union as a reason for keeping rates intact.

    Crude oil prices were little changed in Asian trading hours on Friday and may close the week a little bit higher after having slumped steeply last week. Markets were still looking for clues on how effectively OPEC production cuts are working to encounter rising output from U.S. shale oil production.

    Technicals

    NZDUSD

    NZDUSD rebounded from a key support at 38.2% Fibonacci retracement. The short-term MA20 has crossed over the long-term MA50 from below, suggesting a reversal into an uptrend. RSI index is soaring higher, which signals further advances to come. A resistance at 0.70400 is expected to be tested.

    Trade suggestion

    Buy Stop at 0.70000, Take profit at 0.70400, Stop loss at 0.69800

    GBPCHF

    GBPCHF has turned a dynamic resistance that is the long-term MA50 into a new support. RSI has bounced back from the 50 line, suggesting a new uptrend following a short correction. The pair is anticipated to attempt a resistance at 1.23600 – the level at which the price had to reversed lower twice in the last one week.

    Trade suggestion

    Buy Stop at 1.23200, Take profit at 1.23600, Stop loss at 1.23000

    COPPER

    Copper has broken out of a trading range supported by a couple of moving averages. The pair broke below the long-term MA50 and is heading downwards to the 23.6% Fibonacci retracement. A key support coupled with the fact that the market looked set to enter the oversold zone caused the down move to be short-lived.

    Trade suggestion

    Sell Stop at 2.6600, Take profit at 2.6500, Stop loss at 2.6650

    Natural Gas

    Natural gas continued to edge lower under the pressure from two moving averages hanging above the price action. The downtrend seems to be strengthening as RSI is pointing to the oversold zone. The support at 2.830 is within the sight.

    Trade suggestion

    Sell Stop at 2.890, Take profit at 2.830, Stop loss at 2.920

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  • #33767

    Tiffany & Co Records Upbeat Fourth-quarter Profit, Shares Jump

    Shares of Tiffany & Co soared 1.58 percent in premarket trade on Friday, following the company’s quarterly earnings report that showed fiscal fourth-quarter profit expectations and provided an upbeat outlook.

    The high-end jewelry retailer posted net earnings of $157.8 million, or $1.26 a share for the quarter to January 31st, which was lower than $163.2 million, or $1.28 a share recorded a year ago. Adjusted for one-time items, earnings per share reached $1.45, above analysts’ forecast of $1.39.

    Revenue was reported to add 1% to $1.23 billion, roughly in line with economists’ consensus of $1.22 billion. Same-store sales were unchanged from a year ago, contrasting with expectations for a 1.4% decline, as a greater-than-expected increase in Japan helped offset a bigger-than-expected decline in Europe.

    For fiscal year 2017, Tiffany anticipates adjusted EPS to increase to $3.75, slightly below markets’ forecast calling for a rise to $3.85.

    Trade suggestion

    Buy Stop at 91.00, Take profit 93.00, Stop loss at 90.00

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  • #33768

    GBP/JPY signal by Capital Street FX

    From GMT 05:00 17/03/2017
    Till GMT 21:00 17/03/2017

    Buy at 140.200
    Take profit at 140.500
    Stop loss at 140.000

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  • #33864


    Daily Report on March 20, 2017

    Asian shares were mixed on Monday with Japan’s stock market closed Monday for a holiday. Tracing declines on Wall Street last Friday and the outcome of the G20 meeting that showed world leaders failed to commit to avoid trade protectionism, equities in Australia, South Korea, Singapore and New Zealand retreated.

    However, MSCI’s broadest index of Asia-Pacific shares outside Japan still gained 0.3% thanks to stocks’ advances in Hong Kong, Malaysia and Thailand. Particularly, Australia’s S&P/ASX 200 Index lost 0.4 percent and South Korea’s Kospi index fell 0.5 percent. New Zealand’s S&P/NZX 50 Index also dropped 1.4 percent. By contrast, the Hang Seng Index climbed 0.5 percent.

    The U.S. dollar continued to lose ground due to the Federal Reserve’s less hawkish-than-expected comments last Wednesday. The dollar index, which measures the strength of the greenback versus a basket of six major currencies, retested a five-week trough logged last week at 100.40 after shedding 0.16 percent.

    Crude oil futures prices were also on a decline on Monday, knocked down by a report that showed a rise in U.S. drilling activity. Energy services firm Baker Hughes Inc. on Friday said U.S. drillers added 14 oil rigs in the week to March 17, bringing the total count up to 631, the most since September 2015.

    Technicals

    GBPUSD

    GBPUSD has broken through a major resistance at 1.24000 to penetrate a trading range from 1.24000 to 1.25000. The pair is much likely to attempt the upper boundary with a strong bullish momentum that is reflected through a RSI index that has entered the oversold territory and a wide gap between +DI and –DI lines.

    Trade suggestion

    Buy Stop at 1.24300, Take profit at 1.25000, Stop loss at 1.24000

    EURUSD

    EURUSD continued to surge higher after a brief correction on Friday. The pair is heading upwards to a resistance at key level 1.08000 with both RSI and ADX indices indicating strong bullish force in the market.

    Trade suggestion

    Buy Stop at 1.07700, Take profit at 1.08000, Stop loss at 1.07500

    GOLD

    Gold is retesting a firm resistance at 1235.00 – the level at which the precious metal has failed to move past since March 02nd. Besides support from two moving averages that are lingering below the price action, gold’s bullish run has been spurred by rising RSI and ADX indices. However, a RSI that has entered the overbought zone also signaled a short-live advance.

    Trade suggestion

    Buy Stop at 1235.00, Take profit at 1242.00, Stop loss at 1232.00

    EURCHF

    EURCHF is attempting the upper boundary of a trading range that has a support at 1.06850 and a resistance at 1.07450. The pair is expected to break out of this range to retest a key handle at 1.08000. RSI has crossed over the central line, suggesting further advance.

    Trade suggestion

    Buy Stop at 1.07500, Take profit at 1.08000, Stop loss at 1.07250

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  • #33865

    AUD/CAD signal by Capital Street FX

    From GMT 06:30 20/03/2017
    Till GMT 21:00 20/03/2017

    Buy at 1.03000
    Take profit at 1.03400
    Stop loss at 1.29800

    USD/CAD signal by Capital Street FX

    From GMT 13:00 20/03/2017
    Till GMT 21:00 20/03/2017

    Buy at 1.33600
    Take profit at 1.34000
    Stop loss at 1.33400

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  • #33903

    Daily Report on March 21, 2017

    Asian shares advanced on Tuesday with Chinese shares traded in Hong Kong rallying while equities in South Korea attempting the highest close in almost six years. After a close for a holiday yesterday, Japanese shares edged lower but early losses were pared. Japan’s Topix index declined 0.1 percent, trimming an earlier loss of as much as 0.6 percent.

    While South Korea’s Kospi soared 1 percent, poised for the highest close since July 2011, New Zealand’s S&P/NZX 50 Index reversed higher after Monday’s 1.4 percent decline, adding 0.4 percent. The Hang Seng China Enterprises Index jumped 0.7 percent to reach the highest since November 2015.

    The dollar continued to decline further on the back of Federal Reserve officials’ public appearances on Monday which reflected mixed opinions on the timing of further policy tightening. Indeed, while Chicago Fed President Charles Evans said the central bank could raise interest rates two, three or even four times this year, his Minneapolis colleague Neel Kashkari argued that there was no need to rush.

    In minutes released Tuesday of this month’s meeting, the Reserve Bank of Australia highlighted threats associated with the property market and an acceleration of domestic household debt as reasons for the central bank to hold rates at a record-low 1.5 percent.

    According to market sources, China’s central bank is to inject 80 billion yuan ($11.59 billion) into money markets on Tuesday after having drained a net 120 billion yuan from the money market last week. The People’s Bank of China is injecting 50 billion yuan through seven-day reverse bond repurchase agreements, 20 billion yuan through 14-day reverse repos, and an additional 10 billion yuan through 28-day reverse repos.

    Technicals

    GBPJPY

    GBPJPY has been moving sideways between a support at 138.600 and a resistance at 140.500 for almost a month, indicated by the ADX index which is heading downwards. In general, the pair has been under downward pressure by two MAs. RSI is moving in the bearish territory, suggesting that the pair may attempt the lower boundary.

    Trade suggestion

    Sell Stop at 139.200, Take profit at 138.600, Stop loss at 139.500

    EURJPY

    EURJPY has been tracing a decline, depressed by two MAs that are hanging above the price action. The pair reversed lower at 121.200 and may retest a support at 120.500. While ADX which is at 16.61 indicates no clear trend in the market, RSI under 50 signaled further down moves.

    Trade suggestion

    Sell Stop at 121.100, Take profit at 120.500, Stop loss at 121.400

    SILVER

    Silver has been moving sideways in Asian trading hours, sending ADX index which measures the strength of current trend in the market to below 20. The metal fell below the 38.2% Fibonacci retracement and at the same time crossed over the two MAs. Further down moves are expected.

    Trade suggestion

    Sell Stop at 17.320, Take profit at 17.220, Stop loss at 17.370

    COFFEE

    Coffee futures prices broke out of the 23.6% Fibonacci retracement at 142.87 yesterday after having crossed over a couple of moving averages. This signaled a strong uptrend. With soaring ADX and RSI indices, the commodity is expected to test a resistance at 147.30.

    Trade suggestion

    Buy Stop at 144.90, Take profit at 147.30, Stop loss at 143.70

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  • #33904

    Gold Hits Three-week Highs As Dollar Broadly Lower Versus Rivals

    Gold surged to a nearly three-week high on Tuesday as the greenback dropped to a six-week low against a basket of currencies.

    The dollar extended its downward rally from last week following U.S. Federal Reserve’s comments that disappointed dollar wagers. The dollar index, which measures the greenback against a basket of six major currencies, lost nearly 0.6 percent at 99.77. On the back of a weak dollar, gold soared to the highest level since March 02nd to trade above $1242.00 an ounce.

    Helping depress the dollar, euro strengthened as prospects of presidential candidate Emmanuel Macron to win the Elysee race mounted after his performance in France’s presidential debate. Meanwhile, British Pound surged to three-week highs on Tuesday after data showed U.K. consumer prices rose at the fastest pace in nearly three and a half years in February.

    Trade suggestion

    Buy Stop at 1242.00, Take profit 1249.00, Stop loss at 1239.00

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  • #33905

    Euro Surges Past 1.08000 after Macron Performs Well in France’s Presidential Debate

    The euro gained strongly against the dollar on Tuesday; supported by the performance of centrist candidate Emmanuel Macron in France’s first televised presidential debate late Monday.

    The single currency added more than 0.6 percent against its American counterpart, sending the pair EURUSD past the major level $1.08000 for the first time since February 02nd. Markets attributed the rally to the prospects of presidential candidate Emmanuel Macron to win the Elysee race.

    In other words, the shared currency found support from a potential failure of far-right candidate Marine Le Pen, who has called for France to follow the U.K. to leave the European Union.

    Trade suggestion

    Buy Stop at 1.08100, Take profit 1.08500, Stop loss at 1.07900

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    * All trading involves risk. Only risk capital you are prepared to lose

  • #33962


    Daily Report on March 22, 2017

    Asian shares tumbled on Wednesday, tracing declines on Wall Street overnight after the S&P 500 Index recorded the biggest one-day slide since Donald Trump’s election. The MSCI Asia Pacific Index dropped the most since December, losing 1.5 percent. The yen strengthened as investors moved toward haven assets, pushing Japanese shares lower.

    Japanese government data showed the country’s exports rose for a third consecutive month in February. The increase was the biggest in two years as strengthening global demand in Lunar New Year holidays continued to help the nation’s moderate economic recovery. As stated by Japan’s Ministry of Finance, exports rose 11.3 percent from a year earlier while imports increased only 1.2 percent, leaving the trade surplus at 813.4 billion yen ($7.29 billion) in February, compared with an estimate of 807.2 billion yen.

    Japan’s Topix lost the most since Trump’s election despite data showing Japan’s exports rose the most in two years in February. The index lost nearly 2 percent, taking lead in Asian shares’ losses. Australia’s S&P/ASX 200 recorded the biggest loss since November at 1.6 percent while benchmark indexes in Hong Kong, South Korea and New Zealand were also immersed in the red.

    Crude oil plunged on Wednesday as rising output in the United States continued to worsen an ongoing global fuel supply. Taking advantages of advancing crude price on the back of OPEC-led output cut, U.S. shale oil producers jumped back into the market. According to the American Petroleum Institute (API), U.S. crude oil inventories may have jumped by 4.5 million barrels to 533.6 million in the week to March 17.

    Technicals

    EURUSD

    EURUSD has been moving sideways around a major level at 1.08000. However, with support from two MAs hanging below the price action, the pair is expected to edge higher. While RSI and ADX indices are soaring, a wide gap between +DI and –DI lines is also confirming further up moves.

    Trade suggestion

    Buy Stop at 1.08200, Take profit at 1.08700, Stop loss at 1.07900

    BRENT

    Brent crude fell below 23.6% Fibonacci retracement again. Previously, the commodity’s price action had penetrated two MAs from above, sending the market into a bearish zone. The –DI line is soaring strongly, creating a gap with the +DI line. A support at 50.00 is within the sight.

    Trade suggestion

    Sell Stop at 50.65, Take profit at 50.00, Stop loss at 51.00

    SILVER

    Silver appears to spur its bullish momentum further after a consolidation on Tuesday. The metal bounded back from a support at 17.500 to edge higher, attempting a resistance at 17.800. RSI is soaring to the overbought zone, suggesting a strong uptrend in the market.

    Trade suggestion

    Buy Stop at 17.600, Take profit at 17.800, Stop loss at 17.500

    NASDAQ 100

    U.S. NASDAQ 100 index stumbled from all-time record high at 5438.11, gapping down on Wednesday after having penetrated both long-term and short-term MAs. This signaled a reversal into a downtrend and a support at 5285.00 is expected to be tested.

    Trade suggestion

    Sell Stop at 5320.00, Take profit at 5285.00, Stop loss at 5340.00

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  • #33963

    FedEx Reports Q3 Results Below Forecasts but Foresees Bright Outlook, Shares Increase

    Shares of FedEx initially dropped more than 4 percent in after-market trading late Tuesday after the parcel-delivery giant reported its results for the peak holiday quarter that missed market forecasts but reversed higher following FedEx’s conference call to discuss its results.

    The Memphis-based company said it earned $562 million, or $2.07 a share, in the fiscal third quarter, compared with $507 million, or $1.84 a share, in the third quarter of fiscal 2016. Excluding one-time items, FedEx earned $638 million, or $2.35 a share, in the quarter, compared with $692 million, or $2.51 a share, in the year-ago period. Analysts had expected FedEx to post adjusted earnings of $2.62 a share.

    Revenue rose to $15 billion, from $12.7 billion a year ago. FedEx now forecasts fiscal year 2017 adjusted EPS to lie in the range from $10.80 to $11.30, down from an earlier forecast of $10.95 to $11.45.

    FedEx expects the integration of the Dutch parcel delivery company TNT Express will pay off by adding between $1.2 billion to $1.5 billion to the operating income of its Express division by fiscal 2020.

    Trade suggestion

    Buy Stop at 195.80, Take profit 196.50, Stop loss at 195.30

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  • #33964

    EUR/AUD signal by Capital Street FX

    From GMT 06:00 22/03/2017
    Till GMT 21:00 22/03/2017

    Buy at 1.44500
    Take profit at 1.45000
    Stop loss at 1.44300

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  • #33995


    Daily Report on March 23, 2017

    Taking their cues from gains in U.S. equities, Asian shares advanced on Thursday. The bound on Wall Street helped ease a selloff across Asia on Wednesday, pushing MSCI’s broadest index of Asia-Pacific shares outside Japan 0.1 percent higher. Rebounding from Wednesday’s declines, Chinese shares traded in Hong Kong measured by the Hang Seng China Enterprises Index rose 0.7 percent, paring a loss of 1.8 percent in the previous session.

    South Korea’s Kospi index jumped 0.3 percent and Australia’s S&P/ASX 200 Index climbed 0.4 percent. Japanese shares extended their losses but the downward rally decelerated. The Topix dropped 0.1 percent after plunging 2.1 percent on Wednesday as Japanese Yen weakened versus the U.S. dollar. The dollar index inched higher following a six-day slump.

    Crude oil futures prices recovered on Thursday from losses recorded in the session before. Nonetheless, market remained under pressure amidst rising U.S. shale oil output. According to a weekly report from the Energy Information Administration (EIA), U.S. inventories climbed almost 5 million barrels to a record 533.1 million last week. This was well above forecasts of a 2.8 million-barrel build.

    New Zealand’s central bank on Thursday decided to hold its official cash rate at 1.75 percent, showing wariness over global risks that could harm New Zealand’s economy and prevent inflation reaching the midpoint of his 1-3 percent target range. After having kept the benchmark rate at a record low, Reserve Bank Governor Graeme Wheeler said the central bank would not rush to tighten the economy.

    Technicals

    CADJPY

    CADJPY retreated after a short correction that sent the price to as high as 83.700. The pair has been under downward pressure exerted by two moving averages that are hanging above the price action. RSI continued to pointing towards the oversold zone, suggesting further downtrend.

    Trade suggestion

    Sell Stop at 83.200, Take profit at 82.700, Stop loss at 83.500

    GBPJPY

    GBPJPY has reversed lower after failing to break the short-term MA20 at around 139.200. The pair is struggling at the lower boundary of a trading range that has its resistance at 140.500 and support at 138.500. In the event of continual downtrend, the pair is expected to test a support at 137.800.

    Trade suggestion

    Sell Stop at 138.400, Take profit at 137.800, Stop loss at 138.700

    WTI

    U.S. crude price retreated on the back of a hit with the 23.6% Fibonacci retracement where it also faced downward pressure from two MAs lingering above the price action. The market remained in the bearish zone which may send the price lower. A support at 47.40 is within the sight.

    Trade suggestion

    Sell Stop at 48.20, Take profit at 47.40, Stop loss at 48.50

    CAC40

    CAC 40 Index reversed lower after having hit a major resistance at 5000.0. The benchmark also failed to cross over the long-term MA50. RSI has retreated from the central line to heading lower, the pair is expected to extend its down move to as low as 4950.00.

    Trade suggestion

    Sell Stop at 4980.00, Take profit at 4950.00, Stop loss at 4995.00

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  • #33996

    Natural Gas Trades Below $3.000 per Btu as U.S. Supplies Fall Less Than Expected

    U.S. natural gas futures prices dropped nearly 0.5 percent to trade under $3.000 per million British thermal units on Thursday after a weekly report showed that domestic supplies of natural gas fell less than expected last week.

    The U.S. Energy Information Administration on Thursday reported that the country’s natural gas storage declined by 150 billion cubic feet for the week ended March 17, which was slightly less than the drop of 153 billion cubic feet expected by analysts.

    According to the report, total stocks now stand at 2.092 trillion cubic feet, down 399 billion cubic feet from a year ago, but 266 billion cubic feet above the five-year average, the government said.

    Trade suggestion

    Sell Stop at 3.000, Take profit 2.960, Stop loss at 2.3020

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    * All trading involves risk. Only risk capital you are prepared to lose

  • #33997

    U.K. Shares Edge Lower On The Back of Strengthening British Pound

    U.K. shares continued to remain weak, stretching their downward rally to a fourth session in a row. Equities in London were weighed by a strengthening in the Sterling following upbeat retail sales.

    The benchmark FTSE 100 dropped nearly 0.2% to trade as low as 7310.00 with the weakness coming as the pound advanced more than 0.23% to reach an intraday high of $1.2528. U.K. retail sales for February were reported to surge by 3.7 per cent in February, compared to the same month last year and by 1.4% since January, easily beating forecasts of 0.4%.

    A stronger pound has a tendency to depress many FTSE 100 companies that make the bulk of their revenue overseas and then transfer their profit back to the U.K.

    Trade suggestion

    Sell Stop at 7310.00, Take profit 7390.00, Stop loss at 7320.00

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    * All trading involves risk. Only risk capital you are prepared to lose

  • #33998

    CAD/CHF signal by Capital Street FX

    From GMT 05:30 23/03/2017
    Till GMT 21:00 23/03/2017

    Buy at 0.74500
    Take profit at 0.74900
    Stop loss at 0.74300

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    * All trading involves risk. Only risk capital you are prepared to lose

  • #34036


    Daily Report on March 24, 2017

    Asian shares inched up on Friday and the U.S. dollar recouped a little lost ground after Republicans said the House was ready to vote on an amended President Donald Trump’s health-care bill. As the yen dropped for the first time in nine days, Japan’s Topix index climbed 0.8 percent, paring this week’s loss to 1.5 percent. Australia’s S&P/ASX 200 Index jumped 0.8 percent while South Korea’s Kospi index shed 0.2 percent.

    Speaking in Washington on Thursday, Federal Reserve Chair Janet Yellen, who addressed childhood education and focused on how to educate children and young adults for future success in employment, did not give any comments on monetary policy or the economic outlook. According to the conference agenda, Yellen is not scheduled to take any audience questions.

    However, U.S. calendar was still full of events on Friday. Besides the vote on Trump’s healthcare bill later in the day, some Fed officials including Fed Bank of St. Louis President James Bullard are due to make public appearances. Economic data due for release include a U.S. report on orders for durable goods and flash Manufacturing PMI and Services PMI.

    On Saturday, leaders from European Union countries except the U.K. will meet up in Rome to mark the 60th anniversary of the bloc’s founding Treaty of Rome. With U.K. Prime Minister Theresa May not be in Rome, the meeting is expected to discuss the way forward after Brexit as the Britain’s two-year withdrawal process may be trigged within days of the summit as scheduled.

    Meanwhile, representatives from five OPEC and non-OPEC members gather for a meeting of the Joint Ministerial Monitoring Committee to oversee oil production cuts.


    Technicals

    EURCAD

    EURCAD has broken a resistance at 1.44000 and may retest a more-than-four-month high at 1.44800. Both RSI and ADX indices are surging high, showing a strong bullish momentum in the market. Two MAs that are tracing higher also support further up moves.

    Trade suggestion

    Buy Stop at 1.44300, Stop loss at 1.44800, Take profit at 1.44100

    COFFEE

    Coffee created a gap down on Friday, extending its slide after reversing lower yesterday. With a market that has been in a bearish territory, as indicated by a RSI index which is heading downwards, the commodity may test a support at 138.50.

    Trade suggestion

    Sell Stop at 139.50, Stop loss at 138.50, Take profit at 140.00

    GOLD

    Gold bounced back from a support at 1242.00 where it was also boosted higher by a short-term moving average. The ADX has been pointing downwards, suggesting that the former downtrend has been weakening. RSI index heads up again, which signals further up moves.

    Trade suggestion

    Buy Stop at 1245.00, Stop loss at 1250.00, Take profit at 1242.00

    CAC 40 Index

    France’s CAC 40 gapped up on Friday. The price has been supported by two MAs hanging below the price action. The benchmark is expected to attempt the all-time high record at 5030.00. RSI index is heading upwards to the oversold zone, suggesting further uptrend.

    Trade suggestion

    Buy Stop at 5030.00, Stop loss at 5055.00, Take profit at 5020.00

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  • #34037

    U.S. Shares Inch Higher Ahead of Health-care Bill Vote, Boosted by Upbeat Durable Goods Orders

    U.S. shares rose on Friday with all three stock benchmarks advancing as investors were awaiting a vote on a closely watched health-care bill while new orders for durable goods climbed faster than expected.

    The S&P 500 index added 0.36% with seven out of 11 sectors making up the benchmark trading higher. While information technology stocks were leading the gains, up 0.6%, shares of companies in materials and consumer Staples lost 0.13% each.

    Commerce Department reported orders for U.S. durable goods increased 1.7 percent after a 2.3 percent advance the prior month that was larger than previously estimated. While durable goods jumped for the second straight month, the so-called core durable goods orders which strip out transportation equipment increased 0.4 percent.

    Voting on amended Trump’s health-care legislation that would replace the Affordable Care Act, widely known as Obamacare, is scheduled for late-afternoon Friday.

    Trade suggestion

    Buy Stop at 2350.00, Take profit 2360.00, Stop loss at 2345.00

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    * All trading involves risk. Only risk capital you are prepared to lose

  • #34038

    EUR/AUD signal by Capital Street FX

    From GMT 04:00 24/03/2017
    Till GMT 21:00 24/03/2017

    Buy at 1.41400
    Take profit at 1.41800
    Stop loss at 1.41200

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