Breaking news:

Daily Technical Analysis by Capital Street FX

Home Forums 3- Market analysis forum Daily Technical Analysis by Capital Street FX

This topic contains 125 replies, has 3 voices, and was last updated by CapitalStreetFX Support CapitalStreetFX Support 12 hours, 16 minutes ago.

  • Created by
    Topic
  • #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

  • Author
    Replies
  • #35599

    GBP/JPY signal by Capital Street FX

    From GMT 06:00 27/04/2017
    Till GMT 21:00 27/04/2017

    Buy at 143.300
    Take profit at 114.000
    Stop loss at 143.000

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

  • #35598

    Shares of PayPal Hit Record after Better-than-expected Earnings and Stock-repurchase Announcement

    Shares of PayPal Holdings Inc. soared more than 5.6 percent to top record highs in after-hours trading on Wednesday after the company reported first-quarter earnings results that beat earnings expectations.

    The online-payments company posted net income of $384 million, or 32 cents a share, on revenue of $2.98 billion. Adjusting for one-time items, Paypal’s profit came in at 44 cents a share, above analysts’ expectation of 41 cents a share on revenue of $2.94 billion.

    On a yearly basis, total payments volume on PayPal’s platform jumped dramatically 23% to $99.3 billion, nearly topped $100 billion for the first time. PayPal also announced a $5 billion stock-repurchase plan which will be started right after its $2 billion stock-repurchase program announced in January 2016 is complete.

    Trade suggestion

    Buy Stop at 46.90, Take profit 47.50, Stop loss at 46.60


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

  • #35597


    Daily Report on April 27, 2017

    European shares reversed lower on Thursday after having risen for seven sessions in a row, depressed by losses in Deutsche Bank AG’s stocks while investors were nervously waiting for a policy update from the European Central Bank which will be released later on the day. The Stoxx Europe 600 dropped more than 0.5 percent to trade as low as 385.00. The index rose 0.5% to close at the highest level since August 2015 on Wednesday.

    Dollar lost ground versus most of its peers, especially against the Mexican peso and Canadian dollar, sliding after U.S. President Donald Trump on Wednesday ruled out a withdrawal from the North American Free Trade Agreement. According to the White House, Trump spoke by telephone with Mexican President Enrique Pena Nieto and Canadian Prime Minister Justin Trudeau on Wednesday, saying that he would hold back from a speedy termination of NAFTA.

    The Bank of Japan on Thursday kept its stimulus policies unchanged but lowered its inflation forecast. In its quarterly outlook report, the BOJ cut its inflation projection for the fiscal year that started this month to 1.4 percent from 1.5 percent, underlining that any exit from its unprecedented monetary easing remains far away.

    Crude prices extended their down moves to a second session as weekly data showed U.S. refined oil production rose faster than the consumption’s pace. The U.S. Energy Information Administration on Wednesday reported that domestic crude supplies fell 3.6 million barrels for the week ended April 21. However, U.S. crude oil production has risen by 10 percent since mid-2016 to 9.27 million bpd.


    Technicals

    GBPUSD

    GBPUSD has been attempting to break above a major resistance at 1.29000. The pair retreated at this level due to the fact that the market had entered the overbought market but reversed higher with support from two MAs. Both RSI and ADX are rising, signaling further advances.

    Trade suggestion

    Buy Stop at 1.29000, Take profit at 1.29400, Stop loss at 1.28800

    EURGBP

    EURGBP has fallen below a support at 0.84500 and is aiming to cross over the long-term MA50 from below. Recent down moves have brought the market into a bearish zone, as indicated by the RSI index. A support at 38.2% Fibonacci level is within the sight.

    Trade suggestion

    Buy Stop at 0.84400, Take profit at 0.84000, Stop loss at 0.84600

    SILVER

    Silver has been struggling around the 50.0% Fibonacci retracement. The precious metal is expected to fall lower with the market has been dominated by sellers. The price may drop to as low as a support at 17.300, depressed by two MAs hanging above the price action.

    Trade suggestion

    Sell Stop at 17.400, Take profit at 17.300, Stop loss at 17.450

    FTSE100

    FTSE 100 index has broken below both a support at 7260.00 and a couple of MAs, signaling a reversal into a downtrend. While RSI is pointing down, ADX is rising, suggesting a strong bearish momentum in the market which can send the index to as low as 7190.00.

    Trade suggestion

    Sell Stop at 7240.00, Take profit at 7190.00, Stop loss at 7260.00

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

  • #35543

    EUR/NZD signal by Capital Street FX
    From GMT 11:50 26/04/2017
    Till GMT 21:00 26/04/2017
    Buy at 1.58000
    Take profit at 1.59000
    Stop loss at 1.57500

    SILVER/USD signal by Capital Street FX
    From GMT 17:00 26/04/2017
    Till GMT 21:00 27/04/2017
    Sell at 17.360
    Take profit at 17.230
    Stop loss at 17.420

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

  • #35542

    Shares of AT&T Inch Lower as Revenues Miss Expectations

    Shares of AT&T Inc. slipped 0.25% in after-trading hours on Tuesday after the telecommunications giant reported revenues that missed expectations.

    Due to the fact that sales of wireless equipment hit an all-time low, in the first quarter of 2017, net income only reached $3.5 billion, or 56 cents a share, on revenue of $39.4 billion, which was lower than both the year-ago quarter’s reading and forecast calling for a figure of $40.5 billion. After adjusting for one-time items, AT&T reported earnings of 74 cents a share, in line with expectations.

    The company said it added 2.7 million wireless customers in the quarter, twice as many as expected of 1.3 million. However, AT&T lost 61,000 postpaid customers in North America in the three-month period to March, while analysts were expecting a rise of 95,000.

    Trade suggestion

    Sell Stop at 39.80, Take profit 39.00, Stop loss at 40.20


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

  • #35541


    Daily Report on April 26, 2017

    Japanese Yen continued to lose ground versus its American counterpart on Wednesday, slipping more than 0.1 percent after having dropped 1.2 percent on Tuesday. The pair USDJPY hit an intra-day high of 111.500 – the highest since April 10th. Pushed higher by a weak currency, Japan’s Topix index rose 1 percent, advancing for a fifth straight day for the longest winning streak this year.

    In general, Asian shares extended a global rally after U.S. stocks ended higher following upbeat corporate results and amidst hopes that U.S. tax reform boosted optimism for global growth. Weakness in the yen lifted Japanese equities for a fifth day.

    The MSCI Asia Pacific Index soared to the highest level since mid-2015 with Hong Kong’s Hang Seng and Singapore’s Straits Times Index rising 0.6 percent and 0.4 percent, respectively. Meanwhile, Australia’s S&P/ASX 200 Index and New Zealand’s S&P/NZX 50 Index increased after reopening after a holiday on Tuesday. South Korea’s Kospi index climbed 0.4 percent and the Shanghai Composite Index added 0.4 percent after climbing 0.2 percent on Tuesday.

    Crude prices resumed their downward trend on Wednesday after the American Petroleum Institute (API) on Tuesday said that U.S. crude oil inventories rose by 897,000 barrels in the week to April 21 to 532.5 million barrels. Official data from the Energy Information Administration will be released later on the day which is expected to show a decrease of 1.1M barrels.

    Technicals

    USDJPY

    USDJPY rebounded after having failed to break below a support at 50.0% Fibonacci retracement. The pair retreated from a resistance at 111.500 after continuously up moves sent the market into an overbought zone. Both RSI and ADX are rising, suggesting a strong bullish momentum in the market.

    Trade suggestion

    Buy Stop at 111.500, Take profit at 112.000, Stop loss at 111.200

    EURAUD

    EURAUD has been trading higher since it left a gap earlier this week. Although the market has entered an overbought zone, the pair is most likely to test a resistance at 38.2% Fibonacci retracement as the bull is still dominating in the market, as indicated by advancing RSI and ADX indices.

    Trade suggestion

    Buy Stop at 1.45700, Take profit at 1.46900, Stop loss at 1.45000

    BRENT

    As can be seen from the price chart, Brent crude has been under downward pressure from two MAs, especially from the short-term MA20. The commodity is expect to trade lower to fall as low as 23.6% Fibonacci retracement.

    Trade suggestion

    Sell Stop at 51.55, Take profit at 50.95, Stop loss at 51.85

    SUGAR

    Sugar has been moving sideways to lower around a support at 16.10. The commodity has also been under downward pressure from two MAs and is anticipated to inch lower to test a major support at 61.8% Fibonacci retracement.

    Trade suggestion

    Sell Stop at 16.00, Take profit at 15.45, Stop loss at 16.25

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

  • #35476

    USD/JPY signal by Capital Street FX
    From GMT 05:00 25/04/2017
    Till GMT 21:00 25/04/2017
    Buy at 110.100
    Take profit at 110.500
    Stop loss at 109.900

    GBP/AUD signal by Capital Street FX

    From GMT 16:45 25/04/2017
    Till GMT 21:00 25/04/2017
    Buy at 1.70500
    Take profit at 1.71000
    Stop loss at 1.70300

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

  • #35475

    U.S. Shares Rally, Sp500 To Hit 2,400.00 Milestone Amidst Upbeat Earnings and U.S. Tax Reform Speculation

    U.S. shares rallied on Tuesday with all stock benchmark indexes, as investors’ optimism was spurred by speculation about U.S. tax reform and upbeat earnings of U.S. corporations and better-than-expected economic data.

    The S&P 500 added about 0.6%, to 2,387, with 8 of the main 11 sectors trading higher. While materials and financials were leading gains, up more than 1% each, telecommunication services and utilities led losses.

    Reporting earnings results on Tuesday, construction machinery maker Caterpillar Inc., DuPont and fast-food giant McDonald’s Corp. posted figures that all topped analyst forecasts.

    Meanwhile, new home sales surged dramatically to an eight-month high last month as demand remains hot. According to the Commerce Department, new home sales jumped 5.8 percent to a seasonally adjusted annual rate of 621,000 units last month, the highest level since July 2016.

    Trade suggestion

    Buy Stop at 2390.00, Take profit 2400.00, Stop loss at 2385.00

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

  • #35474


    Daily Report on April 25, 2017

    Asian stock markets edged higher on Tuesday, as investors continued to tolerate risk appetite with a centrist victory in the first round of the French presidential election lifting several regional markets to multi-year highs. MSCI’s broadest index of Asia-Pacific shares outside Japan gained 0.5 percent, reaching its highest level in more than three weeks and marking four straight days of gains.

    Japanese equities rose for a fourth straight session, rising 0.9 percent after jumping 1 percent Monday. The Shanghai Composite reversed higher, advancing 0.2 percent after tumbling 1.4 percent on Monday. Taiwan’s Taiex and Singapore’s Straits Times Index also increased. Australia and New Zealand are closed Tuesday for Anzac Day.

    Safe-haven assets, including the yen and gold remained under pressure. While the Japanese yen continued to drop 0.4 percent to 110.19 after losing 0.6 percent in the previous session, gold lost 0.3 percent to $1,272.82 after slipping 0.6 percent on Monday.

    Canadian dollar dropped to four-month low against the dollar after U.S. President Donald Trump on Monday announced new duties averaging 20 percent on Canadian softwood lumber imports. Canadian government vowed to sue if needed.

    Technicals

    EURJPY

    EURJPY has been surging on a strong bullish momentum after the price action revered higher from a support at 119.100. The market has entered the overbought zone, as indicated by RSI index. However, the pair is expected to test a major resistance at 23.6% Fibonacci level.

    Trade suggestion

    Buy Stop at 120.200, Take profit at 120.600, Stop loss at 120.000

    EURAUD

    EURAUD has been retesting the highest level since early January 2017 at 1.44350 recorded on Monday. The pair is likely to move past this level and hit a major resistance at 1.45000, given rising RSI and ADX index, not to mention a widening gap between +DI and –DI lines.

    Trade suggestion

    Buy Stop at 1.44400, Take profit at 1.45000, Stop loss at 1.44100

    BRENT

    Brent crude has been moving sideways to lower under pressure of two MAs that are moving above the price action. Although ADX is at low levels, indicating that there is no clear in the market, RSI is at oversold market, suggesting a strong bearish momentum.

    Trade suggestion

    Sell Stop at 51.65, Take profit at 51.00, Stop loss at 52.00

    SILVER

    Silver has been pushed down by the short-term MA20. The metal failed to break out of this dynamic resistance and is heading downwards towards a support at 17.720. RSI is pointing to the oversold zone, signaling further downbeat moves.

    Trade suggestion

    Sell Stop at 17.830, Take profit at 17.720, Stop loss at 17.880

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

  • #35400

    EUR/JPY signal by Capital Street FX
    From GMT 06:00 24/04/2017
    Till GMT 21:00 24/04/2017
    Buy at 119.700
    Take profit at 120.300
    Stop loss at 119.400


    USD/CAD signal by Capital Street FX

    From GMT 16:30 24/04/2017
    Till GMT 21:00 24/04/2017
    Buy at 1.35200
    Take profit at 1.35700
    Stop loss at 1.35000

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

  • #35399

    Euro Surges Past 1.09000 After Centrist Emmanuel Macron Wins French First-round Presidential Election

    The euro jumped sharply to a five-month high versus its American counterpart on Monday, spurred strongly by the result of French first-round presidential election.

    The single currency shortly jumped above 1.09000 – the highest level since November 11th, 2016 before retreating to trade as high as 1.08600 against the dollar, still rising nearly 1.25 percent compared to the open price. The rally came after after centrist Emmanuel Macron and far-right nationalist Marine Le Pen won the first round of the French presidential election, easing concerns that only anti-European Union candidates would be in the final runoff on May 7.

    According to results from the Interior Ministry based on 97.4 percent of votes counted which were released early Monday, Macron led with 23.8 percent in Sunday’s election, followed by National Front leader Le Pen who had 21.5 percent. A poll on Sunday suggested Macron would defeat Le Pen by more than 20 percentage points in the second round.

    Trade suggestion

    Buy Stop at 1.08600, Take profit 1.09000, Stop loss at 1.08400


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

  • #35397


    Daily Report on April 24, 2017

    Like other safe-haven assets, gold futures prices lost ground on Monday as stock markets were broadly spurred strongly following French first-round presidential election. European jumped with the Stoxx Europe 600 Index climbing the most since October. The stock benchmark added 1.7 percent to the highest since December 2015. Other stock indices surged high. France’s CAC 40 soared 3.9 percent, Germany’s DAX climbed 2.6 percent and the U.K.’s FTSE 100 increased 1.7 percent.

    The euro jumped sharply to a five-month high versus its American counterpart on Monday. The single currency shortly jumped above 1.09000 – the highest level since November 11th, 2016 before retreating to trade as high as 1.08600 against the dollar, still rising nearly 1.25 percent compared to the open price.

    The rally came after after centrist Emmanuel Macron and far-right nationalist Marine Le Pen won the first round of the French presidential election, easing concerns that only anti-European Union candidates would be in the final runoff on May 7.

    According to results from the Interior Ministry based on 97.4 percent of votes counted which were released early Monday, Macron led with 23.8 percent in Sunday’s election, followed by National Front leader Le Pen who had 21.5 percent. A poll on Sunday suggested Macron would defeat Le Pen by more than 20 percentage points in the second round.


    Technicals

    AUDJPY

    The pair gapped up in early trade but retreated as its sharp up move sent the market into an overbought zone. The pair has reversed higher to extend its rally with the short-term MA20 penetrated the long-term MA50 from below, suggesting a reversal into an uptrend. Rising RSI and ADX indices signal further advances.

    Trade suggestion

    Buy Stop at 83.500, Take profit at 84.000, Stop loss at 83.250

    USDCAD

    USDCAD fell below a support at 1.34550 after having penetrated the short-term MA20 from below. Recent down moves have brought the market into a bearish territory, as indicated by the RSI index. A support at 1.34000 is within the sight.

    Trade suggestion

    Sell Stop at 1.34400, Take profit at 1.34000, Stop loss at 1.34600

    SP500

    The Sp500 index broke out of a trading range which trapped the price between a support of 2335.00 and a resistance at 2370.00. While RSI is pointing upwards, the +DI line has crossed over the –DI line from below, indicating a strong bullish momentum in the market.

    Trade suggestion

    Buy Stop at 2377.00, Take profit at 2390.00, Stop loss at 2370.00

    Dow Jones

    U.S. Dow Jones index gapped up on Monday, breaking out of a downward trading range. Last week, the index was depressed by a couple of MAs which restrained bullish momentum and impeded the price from advancing. With today’s strongly upbeat move, the index is expected to test a resistance at 20850.00.

    Trade suggestion

    Buy Stop at 20750.00, Take profit at 20850.00, Stop loss at 20700.00

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

  • #35298

    EUR/AUD signal by Capital Street FX
    From GMT 05:00 21/04/2017
    Till GMT 21:00 21/04/2017
    Sell at 1.42300
    Take profit at 1.41700
    Stop loss at 1.42600


    GOLD/USD signal by Capital Street FX

    From GMT 16:00 21/04/2017
    Till GMT 21:00 21/04/2017
    Buy at 1285.00
    Take profit at 1291.00
    Stop loss at 1282.00

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

  • #35297


    Daily Report on April 21, 2017

    Asian shares were mostly higher on Friday thanks to positive sentiment from U.S. equities overnight which were boosted by optimism over a U.S. tax overhaul. The MSCI Asia Pacific Index looked set to put an end to a four-week string of declines, rising by 0.7 percent on Friday, contributing to a rise of 0.4 percent for the week. Australia’s S&P/ASX 200 Index and South Korea’s Kospi index jumped more than 0.6 percent each.

    Also heading for its first weekly gain in more than a month, Japan’s Topix index rose 1.1 percent, spurred higher by a weak yen. The Japanese Yen weakened after Bank of Japan Governor Haruhiko Kuroda on Friday said the central bank will maintain a very accommodative monetary policy and the current pace of asset purchases for some time as the inflation rate is still quite sluggish.

    Hong Kong’s Hang Seng edged 0.2 percent higher while The Shanghai Composite dropped 0.3 percent, extending its worst weekly decline of the year.

    Crude prices continued to move sideways on Friday after fluctuating in the previous session as investors were kept on the sidelines amidst tussle between concerns over swelling U.S. production and optimism over comments from some OPEC members stating that an extension to OPEC-led supply cuts was likely.

    According to Office for National Statistics, U.K. retail sales fall sharply in March, tumbling by 1.8% month-over-month. This was much higher than market forecast calling for a 0.3% decline.


    Technicals

    EURNZD

    EURNZD has broken below both the short-term MA20 and the long-term MA50, suggesting a reversal into a downtrend. The downbeat moves have sent the market into a bearish zone, as indicated by RSI index which has move past the 50 line. A support at 1.52100 is within the sight.

    Trade suggestion

    Sell Stop at 1.52700, Take profit at 1.52100, Stop loss at 1.53000

    EURCAD

    EURCAD has escaped from a period of moving sideways around the long-term MA50 level. The pair fell below this dynamic support and is heading lower towards a support at 1.43500. While RSI is pointing down, ADX index is edging higher, suggesting further declines.

    Trade suggestion

    Sell Stop at 1.44000, Take profit at 1.43500, Stop loss at 1.44200

    DAX

    Germany’s DAX 30 index failed to fight the pressure from the short-term MA20. The bear continued to dominate in the market, as indicated by RSI index which has been immersed in the bearish zone. The index is expected to extend the down moves and may fall as low as 11930.00.

    Trade suggestion

    Sell Stop at 12010.00, Take profit at 11930.00, Stop loss at 12050.00

    EURO 50

    Euro 50 index reversed lower after having failed to hit a resistance at 3450.00. The stock benchmark has also been under pressure exerted by two MAs hanging above the price action. As RSI is heading downwards to the oversold zone, the price is expected to fall further to as low as 3400.00.

    Trade suggestion

    Sell Stop at 3420.00, Take profit at 3400.00, Stop loss at 3430.00

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

  • #35251

    EUR/JPY signal by Capital Street FX
    From GMT 04:30 20/04/2017
    Till GMT 21:00 20/04/2017
    Buy at 116.900
    Take profit at 117.400
    Stop loss at 116.700

    GBP/JPY signal by Capital Street FX
    From GMT 15:30 20/04/2017
    Till GMT 21:00 20/04/2017
    Buy at 140.200
    Take profit at 140.800
    Stop loss at 139.900

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

  • #35250

    American Express Shares Advance As Earnings and Sales Fall Less Than Expected

    Share of American Express Co’s jumped 2.5 percent after the bell on Wednesday as the credit-card company reported first-quarter earnings and sales above analyst expectations.

    American Express posted a first-quarter net income of $1.2 billion, or $1.34 a share. This was a decline compared with $1.4 billion, or $1.45 a share, in the year-ago quarter but was still beat market’s forecast for earnings of $1.28 per share.

    Sales were also down from a year ago but fell less than expected. The company reported sales dropped 2 percent to $7.9 billion in the first quarter of 2017 from $8.1 billion a year earlier. Economists had expected sales to plunge to $7.7 billion.

    Trade suggestion

    Buy Stop at 77.30, Take profit 78.00, Stop loss at 77.00

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

  • #35248

    Daily Report on April 20, 2017

    European shares edged higher on Thursday after having fluctuated in early trade while Asian shares closed higher. On the back of a weak Japanese Yen and better-than-forecast trade figures, Japan’s Topix index scored its first weekly gain in more than a month. Stocks in Hong Kong, Australia and South Korea all advanced. The Hang Seng rose by 0.7 percent, Australia’s S&P/ASX 200 Index jumped 0.3 percent while South Korea’s Kospi index climbed 0.5 percent.

    French stocks soared on Thursday with gains in equities of Publicis Groupe SA and Pernod Ricard SA overwhelming concerns over risks associated with this weekend’ presidential election vote.

    Crude oil rebounded, rising by more than 0.6 percent following a slump of 3.8 percent Wednesday as the EIA reported U.S. gasoline supplies increased for the first time since February while U.S. crude oil production surged to 9.25 million barrels per day (bpd), up almost 10 percent since mid-2016.

    According to data released by the Ministry of Finance, Japanese exports grew at the fastest rate in more than two years in March. Japan’s exports were reported to take off by 12 percent from a year earlier while imports jumped 15.8 percent. That left the trade balance for March surplus at 614.7 billion yen ($5.64 billion), higher than economists’ estimate of 608 billion yen.

    Elsewhere, New Zealand consumer price inflation (CPI) was said to jump steeply in the March quarter, reaching its central bank’s target for the first time in more than five years. The country’s CPI surged by a hefty 1% in seasonally adjusted terms, above forecast calling for a rise of 0.8%. The figure marked the largest quarterly gain since the June quarter of 2011.


    Technicals

    EURNZD

    EURNZD has broken out of a downtrend which was retrained by a slopping downward trend line connecting lower highs. The pair looked set to comfortably break a resistance at 1.53400 as the short-term MA20 has penetrated the long-term MA50 from below, suggesting a strong uptrend. Both RSI and ADX indices are edging higher, signaling further advances.

    Trade suggestion

    Buy Stop at 1.53600, Take profit at 1.54100, Stop loss at 1.53350

    EURUSD

    EURUSD has breached a resistance at 1.07100 after a period of moving sideways below this level. The pair is likely to surge higher in an attempt to reach another firm resistance at 1.08150 with support from two MAs moving below the price action.

    Trade suggestion

    Buy Stop at 1.07750, Take profit at 1.08150, Stop loss at 1.07550

    FTSE 100

    FTSE 100 index continued to trade lower after having moved sideways on Wednesday. The pair gained in early trade as buyers jumped in to take advantages of a market falling in the oversold zone. However, bullish momentum seemed weak and the index may drop below a support at 7090.00 to test a support at 7050.00.

    Trade suggestion

    Sell Stop at 7090.00, Take profit at 7050.00, Stop loss at 7110.00

    CAC40

    France’s stock benchmark soared high on Thursday, sending its price action past both short-term and long-term MAs, signaling a reversal into an uptrend. The pair is struggling around a resistance at 5055.00 and is expected to edge higher to test a level at 5085.00

    Trade suggestion

    Buy Stop at 5055.00, Take profit at 5085.00, Stop loss at 5040.00

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

  • #35198

    AUD/JPY signal by Capital Street FX

    From GMT 04:40 19/04/2017
    Till GMT 21:00 19/04/2017

    Sell at 81.700
    Take profit at 81.100
    Stop loss at 82.000

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

  • #35197

    Weighed Down by Declining Quarterly Revenue and Earnings, IBM Shares Tumble

    Shares of International Business Machines Corp. (IBM Corp.) plunged sharply by more than 5 percent in after-hour U.S. trading on Tuesday after the company reported declines in revenue and earnings on a yearly basis.

    The software company said in the first quarter of 2017, it earned a net income of $1.75 billion, or $1.85 a share, which was below a figure of $2 billion, or $2.09 a share, in the year-earlier period. Excluding one-time items, IBM said earnings came in at $2.38 a share, roughly above consensus estimate of $2.35.

    Regarding the company’s revenue for the three-month period, data showed a decline to $18.16 billion from $18.7 billion last year regardless of a 60% improvement in its software-as-a-service business. The result missed a Wall Street’s estimate of $18.4 billion.

    As for its fiscal 2017 outlook, IBM maintained its forecast for earnings of at least $13.80 a share. This was slightly above analysts’ expectations calling for full-year earnings of $13.77 a share.

    Trade suggestion

    Sell Stop at 160.90, Take profit 159.00, Stop loss at 162.00

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

  • #35196


    Daily Report on April 19, 2017

    While Asian shares lost ground, European stocks advanced thanks to gains in commodity producers. Depressed by losses in Chinese equities, stocks in Asia fell with the MSCI Asia Pacific Index retreated 0.4 percent. The Shanghai Composite Index fell 1 percent to the lowest level since February while The Hang Seng Index slid 0.7 percent.

    Australia’s S&P/ASX 200 Index and South Korea’s Kospi also found themselves in bearish territories, losing 0.7 percent and 0.5 percent, respectively.

    By contrast, European shares rose, boosted by higher metals prices. The Stoxx Europe 600 Index reversed higher after the biggest one-day loss since November. The benchmark was led by materials companies, especially Glencore Plc, as zinc, aluminum and iron ore rose after sharp drops earlier in the week.

    Oil futures prices edged higher after two days of declines in a row. Both crude benchmarks advanced on Wednesday after a weekly report showed a drop in U.S. inventories.

    The American Petroleum Institute (API) on Tuesday said U.S. storages plunged by 840,000 barrels in the week to April 14 to 531.6 million barrels. Official U.S. oil data is expected to be published later on Wednesday by the Energy Information Administration (EIA).

    Technicals

    AUDUSD

    AUDUSD’s price action has dropped below the long-term MA50, suggesting a strong downtrend after the pair reversed from a resistance at 23.6% Fibonacci level. As the RSI is heading downwards while ADX is edging higher, the down moves are expected to extend which may send the price to as low as a support at 0.74700.

    Trade suggestion

    Sell Stop at 0.75100, Take profit at 0.74700, Stop loss at 0.75300

    GBPNZD

    GBPNZD retreated after it hit the highest level since early August 2016. The currency pair soon rebounded from a support at 1.82000. Both RSI and ADX indices are soaring, signaling a strong uptrend that may bring the pair to as high as a resistance at 1.83500.

    Trade suggestion

    Buy Stop at 1.82900, Take profit at 1.83500, Stop loss at 1.82600

    EURCAD

    EURCAD has been tracing higher since it rebounded from a support at 50.0% Fibonacci level. The rally has sent the market into an overbought zone. As the result, it may be hard for the pair to break a resistance at 1.44800 even ADX is still soaring high.

    Trade suggestion

    Buy Stop at 1.44000, Take profit at 1.44800, Stop loss at 1.43600

    FTSE 100

    FTSE 100 continued to trade lower following a short correction after the pair fell to the lowest level since early February. RSI also reversed higher, signaling an overwhelming bearish momentum in the market. The stock benchmark is expected to fall as low as 7090.00.

    Trade suggestion

    Sell Stop at 7130.00, Take profit at 7090.00, Stop loss at 7150.00

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

  • #35146

    Supported by A Sharp Surge in Earnings, Shares of Netfix Reverse Higher

    Shares of Netflix added 1.43% in post market trading, reversing higher after a 4-percent loss following a quarterly report that showed the streaming giant added fewer subscribers than expected during the first quarter.

    Netflix was firstly weighed down by data that showed the company added 5.0 million subscribers during the quarter, which was lower than both analysts’ expectation of 5.3 million new subscribers and Netflix’s guidance for 5.2 million net adds.

    However, shares regained its strength thanks to upbeat earnings. The company said its bottom line rose to $178 million, or $0.40 per share, a rise of more than 600% compared to $28 million, or $0.06 per share, in last year’s first quarter.

    Revenue for the quarter was also reported to rise, jumping 34.7% to $2.64 billion from $1.96 billion last year.

    Trade suggestion

    Buy Stop at 149.50, Take profit 152.50, Stop loss at 148.00

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

  • #35145

    Sterling Soars To The Highest Since Early December After May’s Surprise Statement

    British Pound surged nearly 2 percent to trade at the highest level since early December, 2016 after Prime Minister Theresa May on Tuesday called for an early election on June 8, which suggests a potential stable domestic U.K. politics ahead of Brexit.

    The pair GBPUSD soared steeply on Tuesday after May called an early vote in June in an attempt to seek to strengthen her parliamentary power in divorce talks with the European Union.

    According to Deutsche Bank, May’s surprise statement was considered to be a “game-changer” for the currency as support for her Brexit plan will be shored up considerably if she wins the June poll.

    Trade suggestion

    Buy Stop at 1.27600, Take profit 1.28000, Stop loss at 1.27400

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

  • #35144

    Daily Report on April 18, 2017

    Asian shares dipped on Tuesday with MSCI’s broadest index of Asia-Pacific shares outside Japan dropping 0.6%. Australian shares slumped due to a selloff in iron ore that weighed on commodity producers, offsetting gains in Japanese equities boosted by a weaker yen. Japan’s Nikkei added 0.2 percent on the back of comments by U.S. Treasury Secretary Steven Mnuchin. Muchin stated on Monday that the dollar’s strength is “a good thing.”

    China’s CSI300 index was struggling to find direction while Hong Kong’s Hang Seng index shed 0.9 percent. South Korea’s KOSPI inched 0.2 percent lower after U.S. Vice President Mike Pence, in a meeting with business leaders in Seoul, said that President Donald Trump’s administration would review and reform the five-year-old free trade agreement between the two countries.

    The Reserve Bank of Australia released its minutes of this month’s policy meeting earlier on Tuesday, highlighting the balancing act the central bank had to perform due to “somewhat weaker than had been expected” labor market and high unemployment rate. Data released two weeks ago showed the measure of underemployment remained at a high 5.9 percent.

    According to Chinese National Bureau of Statistics, the country’s home prices rose in the most cities since October. Given the fact that buyers are seemingly trying to get in the housing market ahead of any further restrictions on property purchases, new-home prices, excluding government-subsidized housing, gained last month in 62 of the 70 cities tracked by the government. This was higher than the reading of 56 in February.


    Technicals

    GBPAUD

    The pair has put an end to a period of moving sideways that kept the prices around the 38.2% Fibonacci level. The price action has also broken above a couple of MAs, suggesting a strong uptrend. While RSI is rising, ADX chart is showing a wide gap between +DI and –DI lines, signaling further up moves.

    Trade suggestion

    Buy Stop at 1.66300, Take profit at 1.67000, Stop loss at 1.66000

    Coffee

    Coffee price has apparently been deliberated from a downtrend that was restrained by a slopping downtrend line connecting lower highs. The commodity price is heading upwards, on course to retest a resistance at 50.0% Fibonacci retracement.

    Trade suggestion

    Buy Stop at 141.00, Take profit at 143.00, Stop loss at 140.00

    BRENT

    Brent crude has been tracing lower, sending the price action below two MAs. The commodity has also turned these two MAs into new dynamic resistances. Crude prices are expected to edge lower to as low as 54.70 as RSI is heading downwards while ADX index is soaring, suggesting a strengthening down trend.

    Trade suggestion

    Sell Stop at 55.20, Take profit at 54.70, Stop loss at 55.50

    FTSE 100

    FTSE 100 index’s price action has broken below both the long-term MA50 and short-term MA20. The stock benchmark has been trapped between a trading range of 7400.00 and 7260.00 and looked set to test the lower boundary with the market remaining in bearish zone.

    Trade suggestion

    Sell Stop at 7300.00, Take profit at 7260.00, Stop loss at 7320.00

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

  • #35086

    USD/JPY signal by Capital Street FX
    From GMT 08:00 17/04/2017
    Till GMT 21:00 17/04/2017
    Sell at 108.200
    Take profit at 107.500
    Stop loss at 108.400


    GBP/JPY signal by Capital Street FX

    From GMT 15:30 17/04/2017
    Till GMT 21:00 17/04/2017
    Buy at 136.600
    Take profit at 137.300
    Stop loss at 136.300

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

  • #35085


    Daily Report on April 17, 2017

    Asian shares were mixed on Monday, weighed by down beat U.S. economic data released last Friday and uncertainties over North Korea and coming French elections. So-called safe-haven Japanese yen climbed 0.3 percent versus the dollar to its highest level since mid-November. Japan’s Topix index rose 0.5 percent though, after reversing morning declines. South Korea’s Kospi index also added 0.5 percent.

    The Shanghai Composite Index plunged to the lowest level of the month, losing 0.7 percent on Monday even after upbeat economic data, weighed down by concerns over Korea and a call by China’s stock regulator for stricter supervision of companies. According to China’s government data, the economy accelerated for a second-straight quarter.

    Chinese gross domestic product was reported to increase by 6.9 percent in the first quarter from a year earlier, spurred by a rise in investment, retail sales and factory output as well as robust credit growth and further strength in property markets. The figure was slightly higher than a 6.8 percent median estimate by economists.

    Also having been reported on Monday, China’s fixed-asset investment excluding rural areas advanced by 9.2 percent for the first three months, accelerating from 8.1 percent growth last year. Retail sales were also reported to jump, increasing by 10.9 percent from a year earlier in March, comfortably beating a median estimate of 9.7 percent forecast by analysts. Industrial output rose 7.6 percent last month from a year earlier, compared with an estimated 6.3 percent rise.

    Australia, New Zealand and Hong Kong were closed Monday, as are most major European markets. The U.S. is set to resume trading.

    Technicals

    GBPUSD

    GBPUSD has been tracing an upward trend with support from the short-term MA20. The pair reversed higher after hitting a support at 1.25000 on Friday. As RSI index is advancing to as high as 63.41 which suggests a strong uptrend, the pair is expected to inch higher.

    Trade suggestion

    Buy Stop at 1.25500, Take profit at 1.25900, Stop loss at 1.25300

    Sugar

    Sugar has fallen below both the short-term MA20 and the long-term MA50, which suggests a strong downtrend in the market. RSI has also moved past the central line from above, signaling that the market has entered a bearish territory. In the event of further down moves, the commodity may test a support at 16.10.

    Trade suggestion

    Sell Stop at 16.60, Take profit at 16.10, Stop loss at 16.80

    GOLD

    Supported by a couple of MAs which are lingering below the price action, the precious metal has been tracing higher, heading towards a firm resistance at 23.6% Fibonacci retracement. RSI has rebounded from the central line, indicating the market remains in the bullish territory.

    Trade suggestion

    Buy Stop at 1290.00, Take profit at 1297.00, Stop loss at 1287.00

    NASDAQ 100

    U.S. stock benchmark NASDAQ 100 index has broken through a support at 5360.00 and is heading lower towards another firm support at 5320.00. The short-term MA20 has crossed over the long-term MA50 from below, suggesting a strong bearish momentum in the market. While RSI is pointing downwards, ADX is soaring, signaling further downtrend.

    Trade suggestion

    Sell Stop at 5350.00, Take profit at 5320.00, Stop loss at 5365.00

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

  • #34992

    AUDUSD Surges Strongly After ABS Jobs Report, Trump Dumps Dollar

    The Australian dollar rose strongly versus its American counterpart in Asian trading hours on Thursday after the Australian Bureau of Statistics reported the country’s jobs report for March that beat forecast. Meanwhile, the greenback has been losing its steam following U.S. President Donald Trump’s comments over the current strength of the currency.

    The pair surged as high as 0.75700 – the highest level in more than a week as ABS’s report showed domestic employment increased by a massive 60,900 last month, which easily surpassed an expectation calling for a rise of 20,000. February’s figure was also revised higher to show an increase of 2,800 after having been previously reported as a drop of 6,400.

    The rally in employment in March sent the total data to 12.06 million, the highest level on record. On a yearly basis, employment grew by 146,000, or 1.22%, marking the fastest percentage increase since September last year.

    The U.S. dollar, however, slumped broadly versus most of its peers after Trump told the Wall Street Journal that the dollar “is getting too strong”. The President stated that the Federal Reserve should keep interest rates low.

    Trade suggestion

    Buy Stop at 0.75700, Take profit 0.76200, Stop loss at 0.75200

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

  • #34990

    U.K. Shares Lose Ground, Set To Close the Holiday-shortened Week Lower

    U.K. shares plunged on Thursday ahead of a long holiday with the equity market closed on Friday for the Good Friday holiday and Monday in observance of Easter. Banking stocks lost ground as investors were taking caution, waiting for financial results from U.S. heavyweights in the sector including Citigroup Inc, J.P. Morgan Chase & Co. and Wells Fargo & Co.

    The FTSE 100 lost more than 0.5 percent to trade as low as 7304.00, on course to close the holiday-shortened week lower. Bank shares weighed down the stock benchmark with equities of HSBC Holdings PLC shedding 1.62 percent. Stocks of Barclays PLC slipped 0.89 percent while those of Royal Bank of Scotland PLC and Standard Chartered PLC stumbled around 1.5 percent each.

    Miners’ shares were fixed. While stocks of Glencore PLC, Rio Tinto PLC and Anglo American PLC were lower, those of Fresnillo PLC, Randgold Resources PLC and Antofagasta PLC were trading in positive territories.

    Trade suggestion

    Sell Stop at 7300.00, Take profit 7270.00, Stop loss at 7315.00

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

  • #34989

    Daily Report on April 13, 2017

    Most Asian stocks fell on Thursday, led by Japanese shares which retreated for a third day after the yen rose to the strongest in almost five months against dollar. The Topix index dropped 1.1 percent, heading toward the lowest closing level since November. Sydney’s S&P/ASX 200 reversed lower, falling for the first time in five days.

    The Australian dollar rose strongly versus its American counterpart in Asian trading hours on Thursday, soaring as high as 0.75700 – the highest level in more than a week as ABS’s report showed domestic employment increased by a massive 60,900 last month, which easily surpassed an expectation calling for a rise of 20,000. February’s figure was also revised higher to show an increase of 2,800 after having been previously reported as a drop of 6,400.

    The rally in employment in March sent the total data to 12.06 million, the highest level on record. On a yearly basis, employment grew by 146,000, or 1.22%, marking the fastest percentage increase since September last year.

    Meanwhile, the greenback has been losing its steam following U.S. President Donald Trump’s comments over the current strength of the currency. The U.S. dollar slumped broadly versus most of its peers after Trump told the Wall Street Journal that the dollar “is getting too strong”. The President stated that the Federal Reserve should keep interest rates low.

    Crude oil futures prices slid for a second session on Thursday, moving away from a one-month high recorded the last session in spite of a drop in U.S. inventories last week. The Energy Information Administration (EIA) reported that U.S. oil storages unexpected fell in the week through April 07th by 2.2 million barrels as imports declined by 717,000 barrels a day.

    Technicals

    NZDUSD

    NZDUSD reversed strongly from a support at 0.69100. The pair has not only breached both short-term and long-term MAs, but also broken through a major resistance at 38.2% Fibonacci level. RSI is heading upwards, suggesting further advances which can send the pair as high as 0.70400.

    Trade suggestion 

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

    EURUSD

    EURUSD has been rising higher following a hit with the short-term MA20. The pair reversed after failing to trade lower this dynamic support. The downtrend seemed to reverse as the price action has broken above both two MAs. The price is expected to reach a resistance at 1.07400.

    Trade suggestion 

    Buy Stop at 1.06800, Take profit at 1.07400, Stop loss at 1.06500

    BRENT

    Brent crude one more time reversed higher after briefly falling below the short-term MA20. The market remains in the bullish zone with RSI index rebounding from the central line. In the event of extended upbeat moves, the commodity is expected to retest the level 56.60.

    Trade suggestion 

    Buy Stop at 55.90, Take profit at 56.60, Stop loss at 55.50

    SILVER

    Silver has broken a firm resistance at 18.400 to reach the highest level since November 11th, 2016. As the market has hit the oversold zone, the price has retreated a little bit. However, the price is expected to reverse soon and may test a resistance at 18.610.

    Trade suggestion 

    Buy Stop at 18.510, Take profit at 18.610, Stop loss at 18.460

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

  • #34939

    GBP/USD signal by Capital Street FX

    From GMT 06:00 12/04/2017
    Till GMT 21:00 12/04/2017

    Buy at 1.25000
    Take profit at 1.25500
    Stop loss at 1.24750

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

  • #34938

    Shares of Daimler Soar High after Pretax Profit Said To Surge 87% Last Quarter

    Shares of Daimler AG topped Germany’s stock benchmark DAX on Wednesday after the maker of Mercedes-Benz cars reported that pretax profit in the first three months of 2017 comfortably outpaced market forecast by soaring 87%.

    In the three-month period to March 31st, Daimler’s earnings before interest and taxes jumped to EUR4 billion ($4.2 billion) from EUR2.15 billion recorded in the year earlier. The rally was spurred by higher earnings in the Mercedes-Benz car division as well as in its other main businesses.

    While earnings at Mercedes-Benz cars rose 60% to EUR2.23 billion, pretax profit from Daimler’s truck division rose nearly 30% to EUR668 million.

    Full quarterly results of the company will be posted later this month on April 26.

    Trade suggestion

    Buy Stop at 67.35, Take profit 68.00, Stop loss at 67.00

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

  • #34937


    Daily Report on April 12, 2017

    European shares advanced on Wednesday, spurred by shares of Daimler AG which reported that the company’s pretax profit in the first three months comfortably outpaced market forecast by soaring 87%. However, the gains were constrained partly due to rising geopolitical worries. North Korea’s foreign ministry on Tuesday said that it was ready for “war” if the U.S. continued further military moves like the one seen Sunday, when it sent a Navy strike group to the region.

    Crude oil futures rose on Wednesday, on course for a seventh session heading higher. If confirmed, this would be their longest streak of gains since August 2016 when it recorded a six-day bull-run. The Wall Street Journal on Tuesday reported that Saudi Arabia told members of the Organization of the Petroleum Exporting Countries and other producers that it wants to extend the group’s agreement to cut crude production for another six months when OPEC meets in May.

    The industry-funded American Petroleum Institute said U.S. crude stockpiles slipped 1.3 million barrels last week. Later on Wednesday, the EIA will reveal its own data while OPEC will publish its monthly oil report in Vienna.

    The Chinese National Bureau of Statistics, in Asian trading session, reported the country’s producer price inflation cooled for the first time in seven months in March. China’s producer price index (PPI) was reported to rise 7.6 percent in March from a year earlier, roughly in line with expectations.

    Last month’s figure eased from 7.8 percent in February, which marked a nine-year high, due to the fact that as iron ore and coal prices tumbled. Chinese steel production is outweighing demand and may cause a glut to the metal market later this year.

    Technicals

    AUDUSD

    As can be seen from the chart, the pair AUDUSD has been depressed by the short-term MA20 which sent the prices below a support at 0.74900. With a market dominated by bearish force, the price is expected to dip lower, probably to as low as the level at 38.2% Fibonacci level.

    Trade suggestion

    Sell Stop at 0.74800, Take profit at 0.74500, Stop loss at 0.74950

    EURNZD

    EURNZD has been on an uptrend since it reversed higher from two MAs. The RSI index has been marching while ADX index has also been soaring with a widening gap between the +DI and –DI lines. The pair is forecast to edge higher to as high as a resistance at 1.53700.

    Trade suggestion

    Buy Stop at 1.53200, Take profit at 1.53700, Stop loss at 1.53000

    SUGAR

    Sugar has been rising with support from two MAs lingering below the price action and a support at 16.60. As indicated by RSI index, the market remains in the bullish zone, which signals further advances. A resistance at 50.0% Fibonacci retracement is within the sight.

    Trade suggestion

    Buy Stop at 16.90, Take profit at 17.15, Stop loss at 16.80

    DAX

    DAX index failed to break through a couple of MAs. The short-term MA20 has penetrated the long-term MA50 from above, suggesting a reversal into a downtrend. RSI remained moving below the central line, indicating a strong bearish momentum. A support at 12050.00 is within the sight.

    Trade suggestion

    Sell Stop at 12140.00, Take profit at 12050.00, Stop loss at 12180.00

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

  • #34888

    AUD/USD signal by Capital Street FX
    From GMT 04:20 11/04/2017
    Till GMT 21:00 11/04/2017
    Sell at 0.74900
    Take profit at 0.74500
    Stop loss at 0.75100

    EUR/GBP signal by Capital Street FX
    From GMT 19:00 11/04/2017
    Till GMT 21:00 12/04/2017
    Sell at 0.84900
    Take profit at 0.84500
    Stop loss at 0.85100

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

  • #34887

    Daily Report on April 11, 2017

    Asian shares declined on Tuesday amidst mounting concerns over escalating political tinderbox in the Middle East and the Korean Peninsula. MSCI’s broadest index of Asia-Pacific shares outside Japan lost 0.4 percent with Chinese stocks falling about 0.1 percent. Hong Kong shares slid 0.7 percent while Tokyo’s Nikkei slipped 0.5 percent, dragged lower by a stronger yen. The declines were also led by losses in shares of Toshiba Corp., which slumped 4.3 percent.

    The White House press secretary on Monday warned Syria to stop using barrel bombs against civilians, suggesting President Donald Trump may be open to authorizing additional strikes on Syria if the use of chemical weapons continues in the country. South Korean assets have sold off amid speculation the U.S. could make a similarly aggressive pivot when it comes to Pyongyang.

    A U.S. Navy strike group was reported to head toward the western Pacific Ocean near the Korean peninsula as a show of force. Additionally, on Monday, China and South Korea agreed to tougher sanctions on North Korea if it carries out nuclear or long-range missile tests.

    Crude prices reversed lower on Tuesday after having been pushed higher in the previous session thanks to shutdown at Libya’s largest oilfield over the weekend and the U.S. strikes against Syria. According to market sources, Libya’s Sharara oilfield, which had only just returned to production, was shut on Sunday after a group blocked a pipeline linking it to an oil terminal.


    Technicals

    USDCHF

    USDCHF has been struggling around a support at 1.00700 after having fallen from as high as 1.00900. The pair failed to sustain its upbeat moves after having crossed a couple of MAs. The short-term MA20 has penetrated the long-term MA50 from above, suggesting a reversal into a downtrend. RSI heading downwards helps confirm further declines.

    Trade suggestion

    Sell Stop at 1.00700, Take profit at 1.00300, Stop loss at 1.00900

    CADJPY

    CADJPY has broken out of a downtrend that had formed lower highs since March 10th. As can be seen from the price chart, the pair has been supported by the short-term MA20 and may edge higher as the market has remained in the bullish zone. A resistance at 83.700 is within the sight.

    Trade suggestion

    Buy Stop at 83.200, Take profit at 83.700, Stop loss at 83.000

    WTI

    U.S. crude prices have been surging higher with upward support from two MAs lingering below the price action. The pair seems to reverse higher after a short break of correction. RSI remained at high level, suggesting a strong bullish market. The commodity is expected to reach a resistance at 54.00

    Trade suggestion

    Buy Stop at 53.20, Take profit at 54.00, Stop loss at 52.80

    FTSE 100

    FTSE100 index has been supported by a couple of MAs. The stock benchmark has broken out of a period of moving sideways around the support at 7350.00 and is heading higher to attempt a major resistance at 7400.00. RSI is pointing upwards, signaling further uptrend.

    Trade suggestion

    Buy Stop at 7380.00, Take profit at 7400.00, Stop loss at 7370.00

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

  • #34845

    AUD/JPY signal by Capital Street FX

    From GMT 07:30 10/04/2017
    Till GMT 21:00 10/04/2017

    Sell at 83.200
    Take profit at 82.600
    Stop loss at 83.500

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

  • #34843

    Japanese Yen Hits One-week Low Versus Dollar After Remarks by BOJ Governor Kuroda

    Japanese Yen dropped to the lowest level in one week versus the dollar on Monday after Bank of Japan Governor Haruhiko Kuroda stated that the central bank would maintain its QQE program with yield curve control for as long as needed to achieve 2 percent inflation in stable manner.

    The dollar started the new week at three-week highs against a currency basket on Monday, shrugging off concerns over a worse-than-expected Non-farm Payrolls released last Friday as a key U.S. Federal Reserve official reinforced the central bank’s commitment to interest rate hikes.

    Investors remained focused on the Federal Reserve’s plans to tighten monetary policy after New York Fed President William Dudley on Friday said that plans to trim the Fed’s balance sheet later this year would prompt only a “little pause” in its rate hike plans.

    The pair USDJPY hit the highest level since April 03, spurred by comments from BOJ Governor Kuroda which reiterated Japan consumer inflation is going to move around zero percent for time being and the central bank would ramp up aggressive asset purchases and maintain its massive monetary stimulus until inflation is stably above its 2 percent target.

    Trade suggestion

    Buy Stop at 111.500, Take profit 112.000, Stop loss at 111.300


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

  • #34842

    Daily Report on April 10, 2017

    Most Asian stock markets inched higher on Monday, especially Japanese equities which were pushed higher by a weaker Yen. The Topix index climbed by 0.7 percent, advancing for a second day, and Australia’s S&P/ASX 200 Index jumped 0.9 percent.

    Japanese Yen dropped to the lowest level in one week versus the dollar on Monday after Bank of Japan Governor Haruhiko Kuroda stated that Japan consumer inflation is going to move around zero percent for time being and the central bank would ramp up aggressive asset purchases and maintain its massive monetary stimulus until inflation is stably above its 2 percent target.

    The dollar started the new week at three-week highs against a currency basket on Monday, shrugging off concerns over a worse-than-expected Non-farm Payrolls released last Friday as a key U.S. Federal Reserve official reinforced the central bank’s commitment to interest rate hikes. Investors remained focused on the Federal Reserve’s plans to tighten monetary policy after New York Fed President William Dudley on Friday said that plans to trim the Fed’s balance sheet later this year would prompt only a “little pause” in its rate hike plans.

    Crude prices edged higher on Monday, spurred by strong demand and uncertainty over the conflict in Syria. According to market sources, India has overtook Japan as the world’s third biggest oil importer, witnessing its March oil demand grow by 4.9 percent from the same month a year ago.

    However, the rally may be obstructed due to another increase in U.S. oil drilling. U.S. oil producers were reported to add more oil rigs for the 12th straight week and send the total rigs to 672 – the highest since August 2015. Beyond the United States, other producers are also benefiting from OPEC’s supply cuts and tighter market. According to Brazil’s government data, the country’s oil exports have soared 65 percent since February 2016, to a record of more than 1.46 million bpd.

    Technicals

    AUDCAD

    AUDCAD has been moving sideways above the level 1.00300 since last Friday but looked set to resume its downtrend and inch lower with downward pressure from two MAs hanging above the price action. The pair may slide to as low as 38.2% Fibonacci level. While RSI is heading lower, ADX is soaring, suggesting stronger downtrend.

    Trade suggestion

    Sell Stop at 1.00300, Take profit at 0.99900, Stop loss at 1.00500

    EURCAD

    EURCAD has fallen below a major support at 1.42000 but the prices are still lingering below this handle. Two MAs are hanging above the price action, depressing the price lower. A support at 50.0% Fibonacci retracement is expected to be tested.

    Trade suggestion

    Sell Stop at 1.41800, Take profit at 1.41200, Stop loss at 1.42100

    SILVER

    SILVER reversed lower after having failed to surpass a firm resistance at 18.000. The metal dropped steeply on Friday to the lowest level since March 27th and consequently fell into a correction. However, the market which remains in the bearish zone may takes the price lower. A support at 17.740 is within the sight.

    Trade suggestion

    Sell Stop at 17.900, Take profit at 17.740, Stop loss at 17.980

    WTI

    U.S. crude prices have been supported by the short-term MA20. Indeed, the commodity reversed higher after hitting this dynamic support last Friday and is heading higher in an attempt to test a resistance at 53.30. Both RSI and ADX are soaring higher while the gap between +DI and –DI are widening, suggesting further upbeat moves.

    Trade suggestion

    Buy Stop at 52.60, Take profit at 53.30, Stop loss at 52.30


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

  • #34663

    GBP/AUD signal by Capital Street FX

    From GMT 05:30 06/04/2017
    Till GMT 21:00 06/04/2017

    Buy at 1.65700
    Take profit at 1.66300
    Stop loss at 1.65400

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

  • #34662

    Oil Edges Lower on The Back of Rising U.S. Supplies and Increasing U.S. Crude Exports

    Crude oil futures prices dropped on Thursday after having reversed lower the day before as U.S. government data showed a rise in domestic supplies which is eroding efforts led by OPEC to cut output and prop up prices.

    The U.S. Energy Information Administration (EIA) on Wednesday reported a 1.57 million barrels increase in crude inventories last week, sending a 1.57 million barrels increase in crude inventories.

    Also contributing the crude’s slide, data released by the U.S. Census Bureau on Tuesday showed U.S. exports rose to a record 31.2 million barrels during February, which was equivalent to 1.1 million bpd, with most cargoes going to Asia – a market long dominated by Saudi Arabia and other Middle East producers.

    Trade suggestion

    Sell Stop at 50.80, Take profit 50.00, Stop loss at 51.20

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

  • #34661


    Daily Report on April 06, 2017

    Asian markets declined on Thursday, taking their cues from U.S. equities that ticked lower overnight after the latest Federal Reserve meeting showed policymakers considered shrinking the U.S. central bank’s balance sheet this year. The MSCI Asia Pacific Index dropped 1 percent to its lowest since March 15, led by losses in Japanese equities which fell the most in two weeks to trade at the lowest in four months.

    Indeed, Japan’s Topix index shed 1.7 percent to the lowest level since December, marking the biggest one-day slide since March 22. The Hang Seng China Enterprises Index was down 1 percent followed by Hong Kong’s Hang Seng, South Korea’s Kospi and Australia’s S&P/ASX 200 Index that all lost 0.6 percent. Futures on the S&P 500 plunged by 0.4 percent.

    The a summary of the Federal Open Market Committee meeting held in March revealed that Federal Reserve officials looked set to shrink the central bank’s $4.5 trillion balance sheet later this year.

    Crude oil futures prices dropped on Thursday after having reversed lower the day before as U.S. government data showed a rise in domestic supplies which is eroding efforts led by OPEC to cut output and prop up prices. The U.S. Energy Information Administration (EIA) on Wednesday reported a 1.57 million barrels increase in crude inventories last week, sending a 1.57 million barrels increase in crude inventories.

    Also contributing the crude’s slide, data released by the U.S. Census Bureau on Tuesday showed U.S. exports rose to a record 31.2 million barrels during February, which was equivalent to 1.1 million bpd, with most cargoes going to Asia – a market long dominated by Saudi Arabia and other Middle East producers.

    Technicals

    EURNZD

    EURNZD failed to cross over the long-term MA50 and is struggling to penetrate the short-term MA20 from above. After recent down moves, the market has entered the bearish zone, as indicated by RSI which has fallen to as low as 45.66. A support at 1.52000 is within the sight.

    Trade suggestion

    Sell Stop at 1.52700, Take profit at 1.52000, Stop loss at 1.53000

    WTI

    U.S. crude prices rebounded from the short-term MA20 and is heading higher, retaining the market in the bullish zone, as indicated by the RSI index. The uptrend is becoming stronger with ADX edging higher while the gap between +DI and –DI lines are widening.

    Trade suggestion

    Buy Stop at 51.20, Take profit at 52.00, Stop loss at 50.80

    COFFEE

    Coffee’s price action has crossed over both long-term MA50 and short-term MA20. In general the commodity has been moving sideways but the market has remained in the bearish zone for a long time, suggesting dominating bearish force in the market. The price is expected to test a support at 61.8% Fibonacci level.

    Trade suggestion

    Sell Stop at 137.10, Take profit at 136.00, Stop loss at 137.50

    NASDAQ

    US’s NASDAQ index rebounded from the long-term MA50 support and is heading upward towards a resistance at 5450.00. The RSI index has returned to the bullish zone after having moved past the central line. The benchmark is expected to advance further.

    Trade suggestion

    Buy Stop at 5425.00, Take profit at 5450.00, Stop loss at 5410.00

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

  • #34606

    EUR/GBP signal by Capital Street FX

    From GMT 16:30 05/04/2017
    Till GMT 21:00 05/04/2017

    Sell at 0.85350
    Take profit at 0.84900
    Stop loss at 0.85550

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

  • #34605

    Oil Reaches One-month Highs Thanks to Production Outage and Falling U.S. Supplies

    Crude oil prices rose strongly on Wednesday after soaring in U.S. trading session overnight. Both benchmark contracts added another 0.5 percent following a rise of more than 1.5 percent on Tuesday, shooting the prices to the highest level since March 08th.

    The rally came amid an unplanned production outage in the North Sea and expectations of a drawdown in U.S. crude and product inventories. Industry trade group American Petroleum Institute on Tuesday reported that crude oil inventories fell by 1.8 million barrels last week. The Energy Information Administration is due to publish official data later on the day, which is expected to show a 200,000 barrel fall in inventories.

    Meanwhile, in the North Sea, production of crude oil from Britain’s Buzzard field, which can produce 180,000 barrel per day, was temporarily halted as repair work is carried out at an onshore processing terminal, according to market sources.

    Trade suggestion

    Buy Stop at 54.60, Take profit 55.40, Stop loss at 54.20

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

  • #34604


    Daily Report on April 05, 2017

    Global shares advanced on Wednesday, led by the rally in Chinese stocks after a two-day holiday break. The MSCI Asia Pacific Index climbed 0.2 percent, spurred strongly by the Shanghai Composite which soared by 1.4 percent and the Taiwan’s Taiex which also jumped by 1.4 percent. Australia’s S&P/ASX 200 Index also find itself in a positive zone, adding 0.3 percent.

    Crude oil prices rose strongly on Wednesday after soaring in U.S. trading session overnight. Both benchmark contracts added another 0.5 percent following a rise of more than 1.5 percent on Tuesday, shooting the prices to the highest level since March 08th. The rally came amid an unplanned production outage in the North Sea and expectations of a drawdown in U.S. crude and product inventories.

    Industry trade group American Petroleum Institute on Tuesday reported that crude oil inventories fell by 1.8 million barrels last week. Meanwhile, in the North Sea, production of crude oil from Britain’s Buzzard field, which can produce 180,000 barrel per day, was temporarily halted as repair work is carried out at an onshore processing terminal, according to market sources.

    Later on the day, investors will be looking for speeches delivered by U.S. central speakers including William Dudley, president of the New York Fed, and Governor Daniel Tarullo. Minutes from the Fed’s March meeting, which are scheduled to be released Wednesday, will also attract attention. China’s President Xi Jinping will meet U.S. President Donald Trump for two days starting Thursday.


    Technicals

    GBPCHF

    GBPCHF has been tracing higher since it hit a support at 1.24400. The pair has been trapped in an upward trading range and supported by the lower boundary. The price action has crossed over the short-term MA20 and a resistance at 1.25000 from below. Further advances may take the pair to as high as 1.25600.

    Trade suggestion

    Buy Stop at 1.25100, Take profit at 1.25600, Stop loss at 1.24900

    EURGBP

    EURGBP hit the upper boundary of a slopping downward trading range to reverse lower. The pair is testing both a support at 0.85500 and the short-term MA20. RSI has fallen below the 50 line, suggesting a reversal into a downtrend. The pair may fell as low as 0.85000.

    Trade suggestion

    Sell Stop at 0.85400, Take profit at 0.85000, Stop loss at 0.85600

    WTI

    The crude price rose fiercely to hit a one-month high at 51.50 and is experiencing a correction as the market has entered the oversold zone. However, after this short correction, the price may inch higher with the support from two MAs lingering below the price action.

    Trade suggestion

    Buy Stop at 51.50, Take profit at 52.10, Stop loss at 51.20

    SP500 Index

    Sp500 index has been edging higher with the support from the short-term MA20. The stock benchmark is facing the long-term MA50 with the market just entering the bullish zone. In the event of continual upbeat moves, the index may surge higher to test a resistance at 2370.00.

    Trade suggestion

    Buy Stop at 2360.00, Take profit at 2370.00, Stop loss at 2355.00

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

  • #34537

    AUD/JPY signal by Capital Street FX

    From GMT 05:20 04/04/2017
    Till GMT 21:00 04/04/2017

    Sell at 83.700
    Take profit at 83.200
    Stop loss at 84.000

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

  • #34536

    Asian Markets Trade Lower after U.S. Equities Close In the Red, Gold Hits One-Week High

    Gold futures gained on Tuesday, extending its upward rally to a third consecutive session amid global selloffs. The precious metal hit one-week high in Asian trading hours as Asian shares, which took their cues from a weaker U.S. equities session, were down in morning session.

    On Monday, European markets reached a 16-month high but failed to hold on to the gains as risk aversion returned while U.S. equities closed in the red after U.S. President Donald Trump signaled a potential tense meeting between him and his Chinese counterpart Xi Jiping later this week.

    Gold futures prices rose nearly 0.4 percent to trade at $1258.70 per ounce, benefitting from its status as a safe haven asset.

    Trade suggestion

    Buy Stop at 1256.00, Take profit 1260.00, Stop loss at 1254.00


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

  • #34535


    Daily Report on April 04, 2017

    Gold and Japanese Yen, benefitting from its status as a safe haven asset, gained versus the U.S. dollar on Tuesday, extending its upward rally to a third consecutive session amid global selloffs. The currency hit one-week high in Asian trading hours as Asian shares, which took their cues from a weaker U.S. equities session, were down in morning session.

    MSCI’s broadest index of Asia-Pacific shares outside Japan dropped 0.2 percent, led by a slump of 1.1 percent in Japan’s Nikkei index as automakers tumbled on weaker-than-expected U.S. sales. The Topix index also dropped steeply, losing 0.8 percent, with Honda Motor Co., Mazda Motor Corp. and Nissan Motor Co. dropping more than 2.5 percent. Australia’s S&P/ASX 200 Index and South Korea’s Kospi each shed 0.3 percent.

    On Monday, European markets reached a 16-month high but failed to hold on to the gains as risk aversion returned while U.S. equities closed in the red after U.S. President Donald Trump signaled a potential tense meeting between him and his Chinese counterpart Xi Jiping later this week.

    The Aussie dollar fell 0.5 percent, making a great contribution to its four-day decline of 1.3 percent. The Reserve Bank of Australia on Tuesday held its benchmark interest rate at record-low 1.50 percent and voiced concern over debt levels in Australia’s housing market. The central bank was optimistic about the economy, citing positive business confidence and indicators of growth in employment but said that housing market was too hot to allow an easing.


    Technicals

    GBPUSD

    GBPUSD has been tracing a strong slide. The price action fell below a support that connects higher lows and is heading downwards to the lowest level since last Wednesday at 1.23800. While RSI has reached the oversold zone, ADX is soaring, suggesting an overwhelming bearish force in the market.

    Trade suggestion

    Sell Stop at 1.24200, Take profit at 1.23800, Stop loss at 1.24400

    COFFEE

    Coffee prices reversed lower after having reached as high as 142.55 in Monday session – the highest level since March 22th. The commodity turned lower and crossed over both short-term MA20 and long-term MA50 from above, suggesting a reversal into a downtrend. The price is heading to a support at 61.8% Fibonacci retracement.

    Trade suggestion

    Sell Stop at 137.50, Take profit at 135.70, Stop loss at 138.40

    SILVER

    SILVER has broken through a major resistance at 38.2% Fibonacci level. This is the first time the price action has moved past through a Fib. retracement in the last one month. The metal looked set to test the highest level at 18.420 logged on Marcg 1st. RSI is tracing higher, support further advances.

    Trade suggestion

    Buy Stop at 18.320, Take profit at 18.420, Stop loss at 18.270

    Dow Jones

    U.S. Dow Jones index has been trading below a couple of MAs and under downward pressure exerted by these two resistances. The stock benchmark is struggling around a firm support at 20550.00. With RSI remaining in the bearish zone and ADX soaring, the index is expected to inch lower, probably to as low as 20400.00.

    Trade suggestion

    Sell Stop at 20550.00, Take profit at 20400.00, Stop loss at 20600.00


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

  • #34474

    CAD/JPY signal by Capital Street FX

    From GMT 16:00 03/04/2017
    Till GMT 21:00 03/04/2017

    Sell at 82.800
    Take profit at 82.300
    Stop loss at 83.000

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

  • #34473

    Aussie Plunges To Nearly One-week Low After A Sharp Drop in February’s Retail Sales

    The Aussie lost ground versus most of its peers after figures from the Australian Bureau of Statistics on Monday showed a surprised drop in the country’s retail sales. The pair AUDUSD dropped more than 0.34 percent to trade at the lowest level since last Tuesday at $0.7603.

    The Australian dollar is the weakest-performing major currency on Monday following government’s data release that reported retail sales contracted 0.1 per cent month-on-month in February. This was a reverse after 0.4 per cent growth in January and also well below economists’ expectations for a 0.3 per cent gain.

    The sharp decrease was due to a second month of declines in clothing and footwear sales which plummeted by 2.5% in February following a 0.9% fall in the previous month. Meanwhile, sales at cafes and restaurants were flat, and food retailing rose 0.3%.

    Trade suggestion

    Sell Stop at 0.76000, Take profit 0.75600, Stop loss at 0.76200

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

  • #34472


    Daily Report on April 03, 2017

    Asian share rose on Monday after the best quarter for the region’s equities in five years with equities from South Korea to Indonesia in a positive territory. The MSCI Asia Pacific Index added 0.2 percent, after recording a rise of 8.8 percent in the first quarter, the best performance since 2012. Hong Kong’s Hang Seng climbed 0.3 percent. South Korea’s Kospi and Singapore’s Straits Times Index also advanced 0.3 percent.

    According to a Tankan survey released by the Bank of Japan on Monday, confidence among Japan’s large manufacturers improved for a second consecutive quarter in the first three months of the year as a weaker yen helped profits rise to a record. Sentiment among large manufacturers rose to 12 from 10 three months ago, roughly in line with forecast of 14, while the outlook among the manufacturers also increased to 11 from 8 in December.

    The Aussie lost ground versus most of its peers on Monday following government’s data release that reported retail sales contracted 0.1 per cent month-on-month in February. This was a reverse after 0.4 per cent growth in January and also well below economists’ expectations for a 0.3 per cent gain. The sharp decrease was due to a second month of declines in clothing and footwear sales which plummeted by 2.5% in February following a 0.9% fall in the previous month. Meanwhile, sales at cafes and restaurants were flat, and food retailing rose 0.3%.

    Crude oil futures prices fluctuated on Monday as a higher U.S. rig count continued to stoke worries about global oversupply, while a stronger dollar also pressured prices. Both WTI and Brent contracts posted their worst quarterly loss since late 2015 in the three-month period to March. Energy services firm Baker Hughes on Friday said the U.S. rig count increased by 10 to 662 last week, making the first quarter the strongest for oil rig additions since mid-2011.

    Technicals

    EURUSD

    EURUSD has been moving sideways to lower around the lowest level which has not been seen since mid-March. The pair remained weak under the pressure from two MAs hanging above the price action. The currency pair is expected to fall lower to test a support at 1.06200 as the bear has still been dominating in the market, as indicated by the RSI index.

    Trade suggestion

    Sell Stop at 1.06600, Take profit at 1.06200, Stop loss at 1.06800

    EURGBP

    EURGBP broke out of a slopping downward trading range last Friday, falling as low as 0.84900 – the lowest level since February 27th. The pair failed to get back to the range and is tracing lower. The price is expected to decline further to a support at 0.84500.

    Trade suggestion

    Sell Stop at 0.85000, Take profit at 0.84500, Stop loss at 0.85250

    GOLD

    Gold has been moving sideways, tracing the long-term MA50 after having crossed over the short-term MA20 from above. The precious metal looked set to turn lower as the RSI index is heading downwards, suggesting a strengthening bearish momentum in the market. In the event of continual downtrend, gold may test a support at 1240.00.

    Trade suggestion

    Sell Stop at 1245.00, Take profit at 1240.00, Stop loss at 1247.00

    Natural Gas

    Natural gas has been tracing an uptrend with support from two MAs that are lingering below the price action. The market has remained in the bullish zone, suggesting further advances to come. The commodity is expected to attempt a major resistance at 50.0% Fibonacci retracement.

    Trade suggestion

    Buy Stop at 3.230, Take profit at 3.270, Stop loss at 3.210

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

  • #34407

    The Loonie Hits 1.42000 Versus Euro after Upbeat GDP Data

    Canadian dollar hit more-than-three-week highs versus the euro on Friday after economic data showed the Canadian economy expanded more strongly than expected.

    The pair dropped 0.15% to hit a support 1.42000 after Statistics Canada on Friday reported gross domestic product grew by a healthy 0.6 percent in January from December. The reading was by a healthy 0.6 percent in January from December and helped indicate that first-quarter growth will be stronger than expected as the country gradually recovers from the shock of low oil prices.

    The rise in January, which marked the seventh in the past eight months, was spurred by widespread expansion in goods and services-producing industries.

    Trade suggestion

    Sell Stop at 1.42000, Take profit 1.41600, Stop loss at 1.42200

    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

  • #34406


    Daily Report on March 31, 2017

    Global share weakened on Friday, poised to end a blockbuster quarter, which had been spurred by Trump’s pledge to boost U.S. economy, with a whimper. While MSCI’s broadest index of Asia-Pacific shares outside Japan dropped by 0.55 percent, European shares experienced a muted start. Asian shares excluding Japanese equities added 12.5 percent for the quarter. European stocks including U.K.’s FTSE 100 index, France’s CAC 40 index and Germany’s DAX index gapped down.

    The dollar held on gains on the back of upbeat Germany’s DAX. According to a report from the Commerce Department on Thursday, U.S. gross domestic product increased at a 2.1 percent annualized rate, which was higher than the previously reported 1.9 percent pace, thanks to robust consumer spending that was partially met with a rise in imports.

    Crude oil futures prices rose to a three-week high on Friday after rising speculations concerning OPEC-led group’s output-curb deal extension. Kuwait Oil Minister Issam Almarzooq said that his country and other countries support prolonging production cuts that are scheduled to expire in June.

    Eurostat on Friday reported the Eurozone flash CPI inflation declined to 1.5% for March from 2.0% in the previous month. The reading was significantly below market expectations of a 1.8% increase and marked the lowest reading for three months. The core inflation reading also found itself on a decline. The headline figure slid to 0.7% from 0.9% previously and was below expectations of a smaller decline to 0.8%.


    Technicals

    USDCAD

    USDCAD has broken out of a downtrend which has been marked by a downward slopping resistance that has connected lower high since March 09th. The pair is struggling with a pair of MAs but the market has entered a bullish zone. In the event of continual uptrend, the pair is expected to test a resistance at 1.34000.

    Trade suggestion

    Buy Stop at 1.33600, Take profit at 1.34000, Stop loss at 1.33400

    EURUSD

    EURUSD looked set to fall lower after moving sideways in early trade. The pair dropped to the lowest level since mid-March with the reversal into a downtrend confirmed by the short-term MA20 penetrating the long-term MA50 from above. A support at 1.06200 is within the sight.

    Trade suggestion

    Sell Stop at 1.06700, Take profit at 1.06200, Stop loss at 1.07000

    Natural Gas

    Natural Gas has been edging higher with the support from two MAs moving below the price action. The pair broke through the short-term MA20 yesterday but failed to cross over the long-term MA50. The market remains in the bullish territory, suggesting further advances.

    Trade suggestion

    Buy Stop at 3.220, Take profit at 3.270, Stop loss at 3.200

    USDCHF

    USDCHF reversed higher on the back of a period of moving sideways. The pair broke through the 61.8% Fibonacci resistance on Thursday and may surge higher with an overwhelming dominant of buyers. Bullish momentum may push the pair as high as 1.00600.

    Trade suggestion

    Buy Stop at 1.00200, Take profit at 1.00600, Stop loss at 1.00000

    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

  • #34334

    CAD/CHF signal by Capital Street FX

    From GMT 04:30 30/03/2017
    Till GMT 21:00 30/03/2017

    Buy at 0.74800
    Take profit at 0.75200
    Stop loss at 0.74600


    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

  • #34331

    U.S. Natural Gas Futures Surge Following Larger-than-expected Decline in Domestic Storage

    U.S. natural gas futures prices rose strongly after a weekly data showed domestic supplies of the commodity fell more than expected last week.

    Natural gas futures for May delivery traded near $3.230 per million British thermal units, paring early losses after data from the U.S. Energy Information Administration Thursday showed that natural gas storage fell by 43 billion cubic feet for the week ended March 24.

    Analysts had expected a decline of 37 billion cubic feet last week.

    According to the report, total stocks now stand at 2.049 trillion cubic feet, down 423 billion cubic feet from a year ago but 250 billion cubic feet above the five-year average.

    Trade suggestion

    Buy Stop at 3.230, Take profit 3.270, Stop loss at 3.210

    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

  • #34330


    Daily Report on March 30, 2017

    Asian shares pared earlier gains which brought them to near two-year highs to turn lower on Thursday. MSCI’s broadest index of Asia-Pacific shares outside Japan retreated from its loftiest levels since June 2015 in morning trade to record a slide of 0.3 percent. Declines in Equities in China and Japan offset gains in Australia and New Zealand.

    Particularly, Hong Kong’s Hang Seng dropped 0.5 percent while the Hang Seng China Enterprises Index tumbled by 1.1 percent. Japan’s Topix index also found itself in a negative territory, edging down 0.4 percent. Meanwhile, Australia’s S&P/ASX 200 index climbed 0.4 percent to extend its rally to a third day, supported by gains in energy producers. New Zealand’s S&P/NZX 50 also inched higher, adding 0.5 percent.

    Sterling rose slightly on Thursday after Prime Minister Theresa May on Wednesday formally began Britain’s exit from the European Union by launching a two-year negotiation process before the divorce comes into effect in late March 2019. Whereas, euro lost ground versus most of its peers after reports said uncertainties concerning impacts of Brexit may cast a chill over the European Central Bank’s intention to end its easy-money policy.

    Crude oil held on gains following a smaller-than-expected increase in U.S. gasoline stockpiles reported on Wednesday. The Energy Information Administration (EIA) said U.S. crude inventories rose 867,000 barrels in the week ending March 24, sending total inventories were at a record of nearly 534 million barrels. Analysts had expected a rise of 1.2 million barrels.


    Technicals

    EURJPY

    EURJPY reversed lower after a failed attempt to cross over the short-term MA20. The pair fell back below a support at 119.300 and is likely to slide further to test another support at 38.2% Fibonacci retracement. RSI is pointing downwards, confirming further down moves.

    Trade suggestion

    Sell Stop at 119.100, Take profit at 118.500, Stop loss at 119.400

    NZDJPY

    NZDJPY has been tracing a downtrend after hitting the long-term MA50 at around 78.300. The pair headed back down and has crossed over the short-term MA20 from above, suggesting the comeback of the downtrend. RSI fell below the central line, indicating that the market has slid into a bearish zone.

    Trade suggestion

    Sell Stop at 77.800, Take profit at 77.450, Stop loss at 77.900

    SUGAR

    Sugar gapped down on Thursday and has fallen below a key handle at 17.00. The commodity looked set to trade lower with a strong bearish force dominating the market. While RSI has reached the oversold zone, the ADX index keeps soaring and widening the gap between –DI and +DI lines.

    Trade suggestion

    Sell Stop at 16.95, Take profit at 16.65, Stop loss at 17.10

    AUDUSD

    AUDUSD extended its upward rally after a brief correction that sent the pair to test a support at 0.76500. Supported by the short-term MA20, the Aussie reversed higher and is marching to attempt a resistance at 0.77150. A soaring RSI signals further upbeat moves.

    Trade suggestion

    Buy Stop at 0.76750, Take profit at 0.77150, Stop loss at 0.76550

    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

  • #34272

    CAD/JPY signal by Capital Street FX

    From GMT 08:00 29/03/2017
    Till GMT 21:00 29/03/2017

    Buy at 83.200
    Take profit at 83.700
    Stop loss at 83.000

    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

  • #34271

    Supply Disruptions in Libya and Likelihood of An Extended Output-Curb Deal Push Oil Prices Higher

    Crude oil prices extended their gains on Wednesday to a second consecutive session on the back of mounting expectations that OPEC and their allies will extend their output-cut deal into the second half of this year. Besides, report showing supply disruptions in Libya also supported the prices.

    According to a source at the National Oil Corporation (NOC), Libya’s oil production has been reduced by 252,000 barrels per day (bpd) due to armed protesters in Libya which blocked production in the western Libyan fields of Sharara and Wafa.

    Meanwhile, OPEC-led group was said to mull over an extension to their output curb deal. After a meeting in Kuwait on Sunday, Kuwait Oil Minister Issam Almarzooq said that the group was assessing whether to extend the reductions for another six months. Iranian Oil Minister Bijan Zanganeh on Tuesday strengthened the possibility, saying the global oil cuts deal is likely to be prolonged past June.

    Official data on U.S. supplies from the Energy Information Administration is due to be released later in the day. Analysts expect the weekly report to show an oil-stock rise of 1.2 million barrels. As stated by the American Petroleum Institute late Tuesday, U.S. inventories may have risen by 1.9 million barrels last week.

    Trade suggestion

    Buy Stop at 48.60, Take profit 49.40, Stop loss at 48.20

    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

  • #34270

    Daily Report on March 29, 2017

    Asian shares built on gains for a second day as a rise in U.S. consumer confidence helped boosted U.S. equities higher. MSCI’s broadest index of Asia-Pacific shares outside Japan added 0.2 percent, led by a rise of 0.8 percent in Australia’s main index. Japan’s Nikkei continued to inch higher, marching 0.1 percent after having climbed over 1 percent the previous day.

    The Pound stumbled versus most of its peers on Wednesday as the British government looked set to send a letter to Brussels formally starting the country’s exit from the European Union today. The letter which will trigger two years of uncertain negotiations between the U.K. and the European Union, was reported to be signed by British Prime Minister Theresa May.

    Japanese government’s data showed the country’s retail sales rose less than economists forecast in February. Retail sales were said to increase 0.1 percent in February from a year ago, which was well below forecast for an advance of 0.7 percent. On a monthly basis, sales rose 0.2 percent, signaling that consumer spending is struggling to gain traction.

    Crude oil prices extended their gains on Wednesday to a second consecutive session on the back of mounting expectations that OPEC and their allies will extend their output-cut deal into the second half of this year.

    Besides, report showing supply disruptions in Libya also supported the prices. According to a source at the National Oil Corporation (NOC), Libya’s oil production has been reduced by 252,000 barrels per day (bpd) due to armed protesters in Libya which blocked production in the western Libyan fields of Sharara and Wafa.

    Official data on U.S. supplies from the Energy Information Administration is due to be released later in the day. Analysts expect the weekly report to show an oil-stock rise of 1.2 million barrels. As stated by the American Petroleum Institute late Tuesday, U.S. inventories may have risen by 1.9 million barrels last week.


    Technicals

    GBPJPY

    GBPJPY has consistently been experienced some corrections as the pair is struggling at a major support at 138.000 but in general, the pair has been tracing a downtrend with downward pressure from two MAs moving above the price action. As the market remains in a bearish zone, the pair is expected to trade lower and test another support at 137.300.

    Trade suggestion

    Sell Stop at 137.900, Take profit at 137.300, Stop loss at 138.200

    NZDUSD

    NZDUSD has been tracing downbeat moves since the pair failed to surpass a resistance at 0.70700. The short-term MA20 has penetrated the long-term MA50 from above, confirming the downtrend. With RSI further supported further down moves by pointing lower, the pair may test a key support at 38.2% Fibonacci retracement.

    Trade suggestion

    Sell Stop at 0.70000, Take profit at 0.69600, Stop loss at 0.70200

    USDCAD

    As can be seen from the price chart, the pair USDCAD has been supported by two MAs which are hanging below the price action. The pair hit the short-term MAs on Tuesday and reversed higher, facing a tough handle at 1.34000. RSI pointing to an overbought zone suggests a strong bullish momentum in the market.

    Trade suggestion

    Buy Stop at 1.34000, Take profit at 1.34350, Stop loss at 1.33800

    EURO 50

    Euro 50 index broke out of a resistance at 3460.00 yesterday and is heading upwards, looking set to attempt a major handle at 3500.00. Both RSI and ADX indices are pointing upwards, which indicates a strong uptrend. A divergence between +DI and –DI lines helps strengthen the forecast.

    Trade suggestion

    Buy Stop at 3475.00, Take profit at 3500.00, Stop loss at 3460.00

    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

  • #34207

    USD/CHF signal by Capital Street FX
    From GMT 02:00 28/03/2017
    Till GMT 21:00 28/03/2017
    Sell at 0.98500
    Take profit at 0.98100
    Stop loss at 0.98700


    SILVER signal by Capital Street FX

    From GMT 13:00 28/03/2017
    Till GMT 21:00 28/03/2017
    Buy at 18.100
    Take profit at 18.200
    Stop loss at 18.050

    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

  • #34206


    Daily Report on March 28, 2017

    Asian shares advanced on Tuesday after the selloff in riskier assets eased on Wall Street overnight. After the close on NYSE on Monday, the NASDAQ Composite ended higher while the S&P 500 and the Dow Jones Industrial Average closed lower but had narrowed their losses from earlier in the session. All three stock benchmark indices dropped to near-six-week lows in early trade.

    Asian stocks edged higher due to eased concern over Donald Trump’s setback on his healthcare reform, with gains led by increases in Japan’s Topix and Australia’s main index. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.3 percent, spurred by Japan’s Nikkei index which soared by 1.1 percent, the biggest one-day gain in more than two weeks. Australian and South Korean stocks jumped 0.9 percent and 0.4 percent, respectively.

    Crude oil reversed higher on Tuesday after nearly hitting one-week low on Monday. The correction in crude oil futures prices was expected to be short-lived as the market has still been under pressure from rising U.S. shale oil output. As well as surging U.S. production, uncertainty over whether an OPEC-led group continues to extend their output-cut deal also weighed on the market.

    Oil prices edged up on Tuesday on a weaker dollar, but crude continued to be weighed down by surging U.S. production and uncertainty over whether an OPEC-led supply cut is big enough to rebalance the market. A weaker dollar also makes oil imports cheaper for countries using other currencies, potentially spurring demand.

    The dollar steadied on Tuesday, putting a break on its downward rally. Speaking in an interview with Bloomberg on Monday, Federal Reserve Bank of Chicago President Charles Evans said two interest-rate increases may be appropriate for the U.S. economy this year given uncertainty surrounding the outlook for inflation and government spending.

    Technicals

    GBPUSD

    GBPUSD continued its up moves after a short correction. The pair retreated after having failed to break a resistance at 1.26100. Besides a couple of MAs that are moving below the price action, the pair has also been supported by RSI and ADX indices that are soaring higher.

    Trade suggestion

    Buy Stop at 1.25700, Take profit at 1.26100, Stop loss at 1.25500

    EURCAD

    EURCAD has been moving sideways around the level 1.45300. In general, the pair has been supported by the short-term MA20 with a bullish market. The pair is likely to hit a resistance at a major level at 38.2% Fibonacci retracement.

    Trade suggestion

    Buy Stop at 1.45400, Take profit at 1.45900, Stop loss at 1.45200

    CAC 40

    France’s CAC 40 Index has been surging after rebounding from the lowest level since March 22. The price action climbed back above a couple of MAs thanks to aggressive up moves. As indicated by RSI index which is edging higher, the index may attempt a one-week high at 5055.00.

    Trade suggestion

    Buy Stop at 5025.00, Take profit at 5055.00, Stop loss at 5010.00

    DAX

    Germany’s DAX 30 index rebounded from a support at 11930.00 on Monday to trade higher. The up move brought the price action above two moving averages and sent the market into a bullish zone. As a result, the stock benchmark is expected to surge higher and test a resistance at 12100.00.

    Trade suggestion

    Buy Stop at 12030.00, Take profit at 12100.00, Stop loss at 12000.00

    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

  • #34135

    Tracing Global Selloff, U.K. Shares Plunge. Financials and Miners Lead Losses

    U.K. shares gapped down on Monday, continuing to trade lower after the biggest weekly loss since January recorded last week. The FTSE 100 index lost more than 0.7%, driven lower by losses in banking sector and mining companies.

    Financials topped the list of biggest decliners after Trump’s failure at his health-care bill mounted concerns over the possibility of his tax reform and other policies to boost the largest economy in the world. Particularly, shares of Lloyds Banking Group shed 1.93% while those of Barclays and HSBC Holdings PLC dropped 2.4% and 0.71%, respectively.

    Due to lower oil and copper prices, major oil companies including BP PLC and Royal Dutch Shell PLC saw their equities trading in a negative territory. Among miners, shares of Glencore PLC slipped 3.64% and those of BHP Billiton PLC declined by 3.53%.

    Trade suggestion

    Sell Stop at 7270.00, Take profit 7250.00, Stop loss at 7280.00

    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

  • #34133

    Silver Jumps to A Three-week High as Investors Flock Into Safe Havens Ahead of Political Risks

    Silver took off in Asian trading hours on Monday, extending its rally after having closed higher for a second week last Friday. The precious metal gathered bullish momentum as investors were taking cautious ahead of an eventful week.

    Silver futures for April delivery jumped nearly 1 percent to reach an intra-day high at 17.860 – the highest level in three weeks. The greenback has been weakened in recent weeks as U.S. President Donald Trump’s administration has been struggling to push through its pro-growth economic agenda.

    After the failure of a healthcare overhaul, investors were concerned over further setbacks that Trump’s policy pledges including corporate tax cuts, regulatory reform and infrastructure spending may face.

    Besides, Prime Minister Theresa May looked set to trigger a two-year process of negotiation between the U.K. and the European Union later this week concerning Britain’s departure from the bloc.

    Trade suggestion

    Buy Stop at 17.850, Take profit 17.950, Stop loss at 17.800


    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

  • #34129


    Daily Report on March 27, 2017

    Global shares continued to decline on Monday as Trump’s administration’s inability to push through its policy initiatives cast a chill over markets which were looking to his tax reform and other policies related to reinforcing investment and creating more jobs for Americans. The MSCI Asia Pacific Index fell 0.3 percent, led by a decline of 1.3 percent in Japan’s Topix index. Australia’s S&P/ASX 200 Index and South Korea’s Kospi declined 0.1 percent and 0.6 percent, respectively.

    Gold futures for April delivery jumped nearly 1 percent to reach an intra-day high at 1257.91 – the highest level in one month. The precious metal gathered bullish momentum as investors were taking cautious ahead of an eventful week while the greenback has weakened in recent weeks as U.S. President Donald Trump’s administration has been struggling to push through its pro-growth economic agenda.

    The dollar dropped 0.5 percent on Monday against the basket of other major currencies. After the failure of a healthcare overhaul, investors were concerned over further setbacks that Trump’s policy pledges including corporate tax cuts, regulatory reform and infrastructure spending may face. Besides, Prime Minister Theresa May looked set to trigger a two-year process of negotiation between the U.K. and the European Union later this week concerning Britain’s departure from the bloc.

    Crude oil futures prices came under pressure after a report from Baker Hughes released Friday showed the number of active U.S. oil rigs increased last week. U.S. drillers added 21 oil rigs last week, sending the total number to 652 rigs and recording the 10th week of increase in a row. Higher prices stemmed from efforts of OPEC and some major oil producers to cut output have tempted U.S. shale oil producers to jump back in the market.

    The Munich-based Ifo economic institute said German business morale rose to 112.3 from an upwardly revised reading of 111.1 in February. This was not only well above analysts’ expectations calling for a figure of 111.0 but also the highest reading since July 2011.

    Technicals

    USDCHF

    USDCHF has been trading a downtrend since it reversed lower from a resistance at 0.99550. The downward rally sent the pair down below a major support at 50.0% Fibonacci level at 0.98850. The pair may fall lower but as the market has entered the oversold zone, the decline may be short-lived. A support at 38.2% Fibonacci level is within the sight.

    Trade suggestion

    Sell Stop at 0.98200, Take profit at 0.97800, Stop loss at 0.98400

    EURUSD

    EURUSD has been extending its bullish momentum after having gapped up in the open in Asian trading session. Both RSI and ADX indices are soaring, showing a strong bullish force in the market. The pair is expected to test the highest level since early November, 2016 at 1.09500.

    Trade suggestion

    Buy Stop at 1.09000, Take profit at 1.09500, Stop loss at 1.08750

    WTI

    U.S. West Texas Immediate crude oil has been struggling around a support at 47.40 but looked set for falling further as the price action has been under downward pressure exerted by two moving averages. The market has been in the bearish territory, as indicated by RSI that is heading lower.

    Trade suggestion

    Sell Stop at 47.40, Take profit at 46.50, Stop loss at 47.80

    Dow Jones

    Dow Jones index gapped down on Monday, falling below a major support at 20550.00 – the level which held on the price last Friday. With a market that has been immersed in the bearish zone, the stock benchmark is expected to retest the support at 20400.00 the lowest level since mid-February.

    Trade suggestion

    Sell Stop at 20480.00, Take profit at 20400.00, Stop loss at 20520.00

    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

  • #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

    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

  • #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

    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

  • #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

    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

  • #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

    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

  • #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

    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

  • #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

    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

  • #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

    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

  • #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

    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

  • #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

    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

  • #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

    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

  • #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

    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

  • #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

    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

  • #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

    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

  • #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

    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

  • #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

    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

  • #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

    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

  • #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

    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

  • #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

    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

  • #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

    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

  • #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

    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

  • #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

    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

  • #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

    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

  • #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

    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

  • #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

    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

  • #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

    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

  • #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

    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

  • #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

    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

    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

  • #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

  • #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

    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

  • #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

  • #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

    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

  • #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

  • #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


    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

  • #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

  • #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

  • #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

  • #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

  • #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

  • #33135
    Jacob MaasJacob Maas
    Keymaster

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

  • #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

  • #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

  • #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

  • #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

  • #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

  • #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

  • #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

  • #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

  • #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

  • #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

  • #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

  • #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

  • #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

  • #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 1 month, 3 weeks 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 1 month, 3 weeks ago by Jacob Maas Jacob Maas. Reason: ADVERTISEMENT DELETED
  • #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 1 month, 3 weeks 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

  • #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 1 month, 3 weeks ago by Jacob Maas Jacob Maas. Reason: ADVERTISEMENT DELETED
  • #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

  • #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!

You must be logged in to reply to this topic.