Report Daily Report and Market Analysis By CapitalStreetFx

[CapitalStreetFx]

DAILY REPORT - 23rd JULY 2020​

Dow futures were trading higher by 0.33% at 26975.00 while Nasdaq 100 futures inched up 0.91% to 10,903.12 and S&P 500 futures rose 0.35% to 3276.88 respectively, at the time of writing.

On the earnings front, Twitter and Valley National Bancorp are scheduled to report their quarterly results before the market opens on Thursday.

On the economic front, the US will report the Initial Jobless Claims for the week ended 16 July on Thursday. Initial Jobless Claims measures the number of individuals who filed for unemployment insurance for the first time during the past week. The previous reading stood at 1.3M and the market estimates the reading to come in at 1.3M.

In one of the biggest developments in the US-China relationship, tensions were ratcheted up several notches when the US gave china a 72-hour deadline to close its consulate in Houston amid accusations of spying, marking a dramatic deterioration in relations between the world’s two biggest economies.

European equities were trading in negative territory. In the Cash Markets, the CAC 40 was trading lower by 1.32% at 5037.12 and the DAX inched down 0.51% to 13104.25, at the time of writing.

On the data front, The Monetary Policy Committee of the Central Bank of the Republic of Turkey will set the one-week repo rate for July on Thursday. Traders watch interest rate changes closely as short term interest rates are the primary factor in currency valuation. The market forecasts the rate to remain unchanged at the previous rate of 8.25%.

Asia-Pacific markets were trading in mixed territory in the cash markets on Thursday. The ASX 200 rose 0.32% and was trading at 6094.50. The Shanghai Composite declined 0.48% to 3317.02 and Nikkei 225 inched down 0.58% to 22,751.61, at the time of writing.

On the data front, Singapore reported CPI (YoY) for June on Thursday. The Consumer Price Index (CPI) measures the change in the price of goods and services from the perspective of the consumer and is an important indicator to measure changes in purchasing trends and inflation. The CPI reading came in at -0.5%. The consensus estimates stood at -0.6%.

US Dollar Index futures inched down 0.14% to 94.795 and British Pound futures rose 0.10% to 1.2754, at the time of writing. The escalation in tension between US and China, the world’s two largest economies sent the yuan on its sharpest slide in nearly two months on Wednesday. A steady decline in the dollar has accelerated in recent weeks, as a resurgent coronavirus outbreak in the United States and improving economic prospects abroad sour investors on the currency.

In the Commodity Markets, Silver declined 0.20% to $23.093 and Gold inched up 0.62% to $1876.65 and Brent oil prices rose 0.50% to $44.51, at the time of writing. The reopening of some major economies locked down due to the coronavirus has lifted global oil prices and encouraged U.S. shale producers to return at least one-third of the 2 million barrels per day (bpd) curtailed since April.

In the Cryptocurrency Markets, Bitcoin rose 1.62% to 9,490.40 and Ethereum inched up 7.31% to 262.89 respectively in the last 24 hours. In news related to the cryptocurrency markets, South Korea’s leading blockchain network ICON has announced a partnership with Chainlink rival BAND. ICONLOOP has worked on digitizing national identity authentication and decentralized passports. The partnership will provide ICON developers with complete access to the BandChain decentralized oracle network as ICON requires oracle for expanding into the growing dApp and DeFi markets.

TECHNICAL SUMMARY​

EUR/USD

EUR/USD D1

TRADE SUGGESTION- BUY AT 1.15800, TAKE PROFIT AT 1.16100 AND STOP AT 1.15400





USD/JPY

USD/JPY D1

TRADE SUGGESTION –BUY AT 107.100, TAKE PROFIT AT 108.512 AND STOP AT 106.805





EUR/JPY

EUR/JPY D1

TRADE SUGGESTION- BUY AT 124.100, TAKE PROFIT AT 124.600 AND STOP AT 123.650





AUD/USD

AUD/USD D1

TRADE SUGGESTION- BUY AT 0.71550, TAKE PROFIT AT 0.71980 AND STOP AT 0.71250





NATURAL GAS

NATURAL GAS

TRADE SUGGESTION- BUY AT 1.670, TAKE PROFIT AT 1.720 AND STOP AT 1.625





CRUDE OIL

CRUDE OIL D1

TRADE SUGGESTION- BUY AT 42.05, TAKE PROFIT AT 43.80 AND STOP AT 41.10





DOW JONES

DOW JONES D1

TRADE SUGGESTION- BUY AT 27000, TAKE PROFIT AT 27620 AND STOP AT 26600

 

[johnere]

Great analysis, i expect eurusd to go up before a short downtrend

 

[CapitalStreetFx]

Great analysis, i expect eurusd to go up before a short downtrend

Thank you honnere, Yes you are right.

 

[CapitalStreetFx]

DAILY REPORT - 24th JULY 2020



Dow futures were trading lower by 0.64% at 26373.00 while Nasdaq 100 futures inched down 1.01% to 10,440.12 and S&P 500 futures declined 0.59% to 3208.50 respectively, at the time of writing.

On the earnings front, American Express Co and Honeywell International Inc are scheduled to report their quarterly results before the market opens on Friday.

On the economic front, the US will report New Home Sales numbers for June on Friday. New Home Sales measures the annualized number of new single-family homes that were sold during the previous month. The previous reading for the number of New Homes sold stood at 676K and the market estimates the reading to come in at 700K.

European equities were trading in negative territory. In the Cash Markets, the CAC 40 was trading lower by 1.68% at 4949.36 and the DAX inched down 2.01% to 12839.65, at the time of writing.

On the data front, the UK released Retail Sales (MoM) for June on Friday. Retail Sales measure the change in the total value of inflation-adjusted sales at the retail level and is the foremost indicator of consumer spending. The Retail sales reading came in at 13.9%, better than the consensus estimates of 8.0%. Retail sales, consumer spending and cpi also estimate retail spending growth and inflation. This is one of the important inputs used to decide on interest rates.

Asia-Pacific markets were trading in negative territory in the cash markets on Friday. The ASX 200 declined 1.16% and was trading at 6024.00. The Shanghai Composite declined 3.86% to 3196.77, at the time of writing.

Japanese markets are observing the holiday.

US Dollar Index futures inched down 0.03% to 94.623 and British Pound futures declined 0.07% to 1.2737, at the time of writing. US Dollar Index futures declined on Friday morning as the U.S. is struggling to curb its surging number of COVID-19 cases. Combined with the looming expiry of some stimulus measures at the end of July as well as a record number of unemployment claims, investors are expressing doubt over the U.S.’ recovery prospects.

In the Commodity Markets, Silver declined 0.33% to $22.913 and Gold inched up 0.20% to $1893.65 and Brent oil prices inched down 0.44% to $43.12, at the time of writing. Oil prices slipped on Friday, shrugging off a weaker U.S. dollar, as the relations between the United States and China deteriorate. A weaker dollar usually spurs buying of commodities priced in the greenback, like oil, because they become cheaper for holders of other currencies.

In the Cryptocurrency Markets, Bitcoin rose 0.21% to 9,508.50 and Ethereum inched up 2.81% to 270.20 respectively in the last 24 hours. In news related to the cryptocurrency markets, Avanti Bank & Trust, a Wyoming-based pioneering financial institution that is planning to offer services to the crypto industry, has announced plans for a ‘stable coin disruptor’ that’s designed to modernize U.S. dollar payments. In an announcement, Avanti said that the payment instrument, dubbed ‘Avit,’ is not a security and predicted it “will likely be treated as a cash equivalent” by regulators.



TECHNICAL SUMMARY


EUR/USD

EUR/USD D1

TRADE SUGGESTION- BUY AT 1.16000, TAKE PROFIT AT 1.16300 AND STOP AT 1.15800







USD/JPY

USD/JPY D1

TRADE SUGGESTION –SHORT SELL AT 106.380, TAKE PROFIT AT 106.000 AND STOP AT 106.578







EUR/JPY

EUR/JPY D1

TRADE SUGGESTION- BUY AT 123.300, TAKE PROFIT AT 123.800 AND STOP AT 122.800







AUD/USD

AUD/USD D1

TRADE SUGGESTION- BUY AT 0.70820, TAKE PROFIT AT 0.71400 AND STOP AT 0.7040







NATURAL GAS

NATURAL GAS

TRADE SUGGESTION- BUY AT 1.750, TAKE PROFIT AT 1.840 AND STOP AT 1.690







CRUDE OIL

CRUDE OIL D1

TRADE SUGGESTION- BUY AT 41.35, TAKE PROFIT AT 42.40 AND STOP AT 40.78







DOW JONES

DOW JONES D1

TRADE SUGGESTION- SHORT SELL AT 26480, TAKE PROFIT AT 25900 AND STOP AT 25850

 

[CapitalStreetFx]

DAILY REPORT - 27TH JULY 2020​

Dow futures were trading higher by 0.37% at 26420.00 while Nasdaq 100 futures inched up 0.50% to 10,511.12 and S&P 500 futures rose 0.33% to 3214.62 respectively, at the time of writing.

On the earnings front, Hasbro Inc and Oil States International Inc are scheduled to report their quarterly results before the market opens on Monday.

US Indices Futures inched higher in the early trades on Monday on the news of another coronavirus stimulus package. Treasury Secretary Steve Mnuchin said on Sunday that Republicans are now prepared to unveil their long-awaited coronavirus relief plan — and that it would include another round of $1,200 stimulus checks as well as a smaller version of the enhanced unemployment insurance that has been credited with helping to keep the US economy afloat.

On the economic front, the US will report Core Durable Goods Orders (MoM) for June on Monday. Core Durable Goods Orders measures the change in the total value of new orders for long-lasting manufactured goods, excluding transportation items. The previous reading stood at 3.7% and the market estimates the reading to come in at 3.5%.

European equities were trading in negative territory. In the Cash Markets, the CAC 40 was trading lower by 1.54% at 4956.43 and the DAX inched down 2.02% to 12838.06, at the time of writing.

On the data front, Germany will release the German Ifo Business Climate Index for July on Monday. The German Ifo Business Climate Index rates the current German business climate and measures expectations for the next six months. It is a composite index based on a survey of manufacturers, builders, wholesalers and retailers. The consensus estimates the reading to come at 89.3.

Asia-Pacific markets were trading in mixed territory in the cash markets on Monday. The ASX 200 rose 0.34%% and was trading at 6044.20. The Shanghai Composite declined 0.23% to 3189.49, at the time of writing.

Japan has released the Leading Economic Index data on Monday. The Leading Economic Index released by the Cabinet Office is an economic indicator that consists of 12 indexes such as account inventory ratios, machinery orders, stock prices and other leading economic indicators. It shows the performance of the Japanese Economy over the short and mid-term. The Index reading came in at 78.400, lower than the consensus estimates of 79.3.

US Dollar Index futures inched down 0.57% to 93.840 and British Pound futures inched up 0.31% to 1.2834 while Euro futures rose 0.67% and were trading at 1.1728 and Japanese Yen futures rose 0.51% to 0.009488, at the time of writing. The dollar crumbled on Monday as cracks in the U.S. economic recovery drove investors away from the world’s reserve currency while waiting for the Federal Reserve’s outlook this week.

In the Commodity Markets, Silver rose 6.25% to $24.277 and Gold inched up 1.65% to $1928.95 while the Brent oil prices inched down 0.50% to $43.56, at the time of writing. Oil prices edged lower on Monday as rising coronavirus cases and tensions between the United States and China pushed investors toward safe-haven assets.

In the Cryptocurrency Markets, Bitcoin rose 5.11% to 10,210.11 and Ethereum inched up 6.26% to 327.7 respectively in the last 24 hours. In news related to the cryptocurrency markets, Bitcoin jumped above $10,000 for the first time since early June after relatively muted recent price action. Bitcoin has risen nearly 11% over the past 7 days, while equity markets struggled last week as gold continued to rally.



TECHNICAL SUMMARY


EUR/USD

EUR/USD D1

TRADE SUGGESTION- BUY AT 1.16950, TAKE PROFIT AT 1.17200 AND STOP AT 1.16700







USD/JPY

USD/JPY D1

TRADE SUGGESTION –BUY AT 105.500, TAKE PROFIT AT 106.092 AND STOP AT 105.000









EUR/JPY

EUR/JPY D1

TRADE SUGGESTION- BUY AT 123.490, TAKE PROFIT AT 124.271 AND STOP AT 122.820







AUD/USD

AUD/USD D1

TRADE SUGGESTION- BUY AT 0.71200, TAKE PROFIT AT 0.71747 AND STOP AT 0.70631







NATURAL GAS

NATURAL GAS

TRADE SUGGESTION- SHORT SELL AT 1.805, TAKE PROFIT AT 1.770 AND STOP AT 1.825





SILVER

SILVER D1

TRADE SUGGESTION- BUY AT 23.990, TAKE PROFIT AT 24.500 AND STOP AT 23.500





NASDAQ

NASDAQ D1

TRADE SUGGESTION- BUY AT 10500, TAKE PROFIT AT 10936 AND STOP AT 10300

 

[sobha]

Thanks for the analysis. I want to know if CapitalStreetFx allow scalping and HFT trading? I wish to open a live account.

 

[FOREXTV]

DAILY REPORT - 23rd JULY 2020​

Dow futures were trading higher by 0.33% at 26975.00 while Nasdaq 100 futures inched up 0.91% to 10,903.12 and S&P 500 futures rose 0.35% to 3276.88 respectively, at the time of writing.

On the earnings front, Twitter and Valley National Bancorp are scheduled to report their quarterly results before the market opens on Thursday.

On the economic front, the US will report the Initial Jobless Claims for the week ended 16 July on Thursday. Initial Jobless Claims measures the number of individuals who filed for unemployment insurance for the first time during the past week. The previous reading stood at 1.3M and the market estimates the reading to come in at 1.3M.

In one of the biggest developments in the US-China relationship, tensions were ratcheted up several notches when the US gave china a 72-hour deadline to close its consulate in Houston amid accusations of spying, marking a dramatic deterioration in relations between the world’s two biggest economies.

European equities were trading in negative territory. In the Cash Markets, the CAC 40 was trading lower by 1.32% at 5037.12 and the DAX inched down 0.51% to 13104.25, at the time of writing.

On the data front, The Monetary Policy Committee of the Central Bank of the Republic of Turkey will set the one-week repo rate for July on Thursday. Traders watch interest rate changes closely as short term interest rates are the primary factor in currency valuation. The market forecasts the rate to remain unchanged at the previous rate of 8.25%.

Asia-Pacific markets were trading in mixed territory in the cash markets on Thursday. The ASX 200 rose 0.32% and was trading at 6094.50. The Shanghai Composite declined 0.48% to 3317.02 and Nikkei 225 inched down 0.58% to 22,751.61, at the time of writing.

On the data front, Singapore reported CPI (YoY) for June on Thursday. The Consumer Price Index (CPI) measures the change in the price of goods and services from the perspective of the consumer and is an important indicator to measure changes in purchasing trends and inflation. The CPI reading came in at -0.5%. The consensus estimates stood at -0.6%.

US Dollar Index futures inched down 0.14% to 94.795 and British Pound futures rose 0.10% to 1.2754, at the time of writing. The escalation in tension between US and China, the world’s two largest economies sent the yuan on its sharpest slide in nearly two months on Wednesday. A steady decline in the dollar has accelerated in recent weeks, as a resurgent coronavirus outbreak in the United States and improving economic prospects abroad sour investors on the currency.

In the Commodity Markets, Silver declined 0.20% to $23.093 and Gold inched up 0.62% to $1876.65 and Brent oil prices rose 0.50% to $44.51, at the time of writing. The reopening of some major economies locked down due to the coronavirus has lifted global oil prices and encouraged U.S. shale producers to return at least one-third of the 2 million barrels per day (bpd) curtailed since April.

In the Cryptocurrency Markets, Bitcoin rose 1.62% to 9,490.40 and Ethereum inched up 7.31% to 262.89 respectively in the last 24 hours. In news related to the cryptocurrency markets, South Korea’s leading blockchain network ICON has announced a partnership with Chainlink rival BAND. ICONLOOP has worked on digitizing national identity authentication and decentralized passports. The partnership will provide ICON developers with complete access to the BandChain decentralized oracle network as ICON requires oracle for expanding into the growing dApp and DeFi markets.

TECHNICAL SUMMARY​

EUR/USD

EUR/USD D1

TRADE SUGGESTION- BUY AT 1.15800, TAKE PROFIT AT 1.16100 AND STOP AT 1.15400





USD/JPY

USD/JPY D1

TRADE SUGGESTION –BUY AT 107.100, TAKE PROFIT AT 108.512 AND STOP AT 106.805





EUR/JPY

EUR/JPY D1

TRADE SUGGESTION- BUY AT 124.100, TAKE PROFIT AT 124.600 AND STOP AT 123.650





AUD/USD

AUD/USD D1

TRADE SUGGESTION- BUY AT 0.71550, TAKE PROFIT AT 0.71980 AND STOP AT 0.71250





NATURAL GAS

NATURAL GAS

TRADE SUGGESTION- BUY AT 1.670, TAKE PROFIT AT 1.720 AND STOP AT 1.625





CRUDE OIL

CRUDE OIL D1

TRADE SUGGESTION- BUY AT 42.05, TAKE PROFIT AT 43.80 AND STOP AT 41.10





DOW JONES

DOW JONES D1

TRADE SUGGESTION- BUY AT 27000, TAKE PROFIT AT 27620 AND STOP AT 26600

great work1

 

[FOREXTV]

Thanks for the analysis. I want to know if CapitalStreetFx allow scalping and HFT trading? I wish to open a live account.

i believe they do

 

[CapitalStreetFx]

great work1

Thank you for your appreciation, It helps us to work ever harder. Thanks again

 

[CapitalStreetFx]

i believe they do

Both scalping and hft are allowed under Professional and VIP account.
you may visit on our website for live chat and quick query www.capitalstreetfx.com

 

[CapitalStreetFx]

Thanks for the analysis. I want to know if CapitalStreetFx allow scalping and HFT trading? I wish to open a live account.

Hello sobha, I wish you are doing good. Both scalping and Hft are allowed under professional and VIP account. You may visist our website www.capitalstreetfx.com for live chat and quick query.

 

[CapitalStreetFx]

DAILY REPORT - 28th JULY 2020​

Dow futures were trading higher by 0.03% at 26490.50 while Nasdaq 100 futures inched up 0.14% to 10,689.75 and S&P 500 futures rose 0.03% to 3233.62 respectively, at the time of writing.

Senate Republicans presented their $1 trillion plan to bolster the pandemic-ravaged U.S. economy in a series of bills that would trim extra unemployment benefits, send $1,200 payments to most Americans and shield businesses, schools and other organizations from lawsuits stemming from coronavirus infections.

On the earnings front, 3M Co, MakeMyTrip Ltd and Pfizer Inc are scheduled to report their quarterly results before the market opens on Tuesday.

On the economic front, the US will release CB Core Consumer Confidence for July on Tuesday. Conference Board (CB) Consumer Confidence measures the level of consumer confidence in economic activity. It is a leading indicator as it can predict consumer spending, which plays a major role in overall economic activity. The previous reading stood at 98.1 and the market estimates the reading to come in at 94.5.

European equities were trading in mixed territory. In the Cash Markets, the CAC 40 was trading lower by 0.34% at 4939.62 and the DAX inched up 0.02% to 12838.66, at the time of writing.

On the data front, Hungary will release the Quarterly unemployment Rate for June on Tuesday. The unemployment rate represents the number of unemployed persons expressed as a percentage of the labour force. The unemployment rate for a particular age/sex group is the number of unemployed in that group expressed as a percentage of the labour force for that group. The previous reading stood at 4.1%.

The European Central Bank on Tuesday extended a recommendation to eurozone banks that not to pay dividends until the end of the year, while also allowing them to eat into their capital and liquidity buffers for even longer to help them cope with the economic fallout of the coronavirus pandemic.

Asia-Pacific markets were trading in mixed territory in the cash markets on Monday. The ASX 200 declined 0.39% and was trading at 6020.50. The Shanghai Composite rose 0.37% to 3217.49, at the time of writing.

Australia will release the Consumer Price Index (CPI) for Q2 on Tuesday. The Consumer Price Index (CPI) measures the change in the price of goods and services from the perspective of the consumer. It is a key indicator to measure changes in purchasing trends and inflation. The previous reading on the Index stood at 0.3%. The market expects the reading to come in at -2.0%.

US Dollar Index futures inched up 0.15% to 93.752 and British Pound futures inched down 0.05% to 1.2869 while the Euro futures declined 0.17% and were trading at 1.1744 and the Japanese Yen futures shrank 0.17% to 0.009479, at the time of writing. The dollar bounced off a two-year low on Tuesday as selling pressure faded ahead of a Federal Reserve meeting and as political wrangling over the next U.S. fiscal rescue package moved closer to a conclusion.

In the Commodity Markets, Silver rose 0.75% to $24.685 and Gold inched up 0.10% to $1933.10 while the Brent oil prices inched up 0.16% to $43.97, at the time of writing. Gold prices hit a record high on Tuesday morning, supported by a weakening dollar that is driving demand for the safe-haven yellow metal.

In the Cryptocurrency Markets, Bitcoin rose 6.59% to 10945.10 and Ethereum inched down 3.15% to 317.56 respectively in the last 24 hours. In news related to the cryptocurrency markets, Chinese tech giant Huawei recently applied for a new patent related to blockchain technology which deals with storage methods and devices. Huawei holds a number of other relevant patents, covering topics like Blockchain-based settlement methods.

TECHNICAL SUMMARY​

EUR/USD

EUR/USD D1

TRADE SUGGESTION- BUY AT 1.7100, TAKE PROFIT AT 1.17765 AND STOP AT 1.16420


USD/JPY

USD/JPY D1

TRADE SUGGESTION –BUY AT 105.625, TAKE PROFIT AT 106.300 AND STOP AT 105.195



EUR/JPY

EUR/JPY D1

TRADE SUGGESTION- SHORT SELL AT 123.600, TAKE PROFIT AT 123.170 AND STOP AT 124.079


AUD/USD

AUD/USD D1

TRADE SUGGESTION- BUY AT 0.71290, TAKE PROFIT AT 0.71741 AND STOP AT 0.70812


NATURAL GAS

NATURAL GAS

TRADE SUGGESTION- BUY AT 1.770, TAKE PROFIT AT 1.804 AND STOP AT 1.745



SILVER

SILVER D1

TRADE SUGGESTION- BUY AT 23.870, TAKE PROFIT AT 24.872 AND STOP AT 23.010



NASDAQ

NASDAQ D1

TRADE SUGGESTION- BUY AT 10630, TAKE PROFIT AT 10820 AND STOP AT 10525

 

[sobha]

I do not see MT4 or MT5 Trading Platform? Is it you do not have MT4 and MT5 Platforms?

 

[CapitalStreetFx]

I do not see MT4 or MT5 Trading Platform? Is it you do not have MT4 and MT5 Platforms?

Dear, The Platform we use is ActTrader, an updated, advance and user friendly version of MT4, you may use All your Expert advisers of MT4 etc...

 

[CapitalStreetFx]

DAILY REPORT - 29th JULY 2020​

Dow futures were trading lower by 0.25% at 26232.00 while Nasdaq 100 futures inched up 0.03% to 10,542.88 and S&P 500 futures declined 0.11% to 3209.38 respectively, at the time of writing.

The markets turn their focus to the US Federal Reserve today and tomorrow as the FED starts its 2-day meeting today. With stimulus in flux and infections on the rise, the main focus is on fed chairman Powell to outline the fate of the economy. At its meeting this week, the Federal Reserve is expected to hold interest rates steady. The Fed will conclude two days of policy meetings on Wednesday through a virtual news conference at 2:30 p.m.

On the earnings front, Shopify Inc and CME Group Inc are scheduled to report their quarterly results before the market opens on Wednesday.

On the economic front, the US Pending Home Sales (MoM) for June will be reported on Wednesday. The National Association of Realtors (NAR) Pending Home Sales Report measures the change in the number of homes under contract to be sold but still awaiting the closing transaction, excluding new construction. The previous reading stood at 44.3% and the market estimates the reading to come in at 15.0%.

European equities were trading in mixed territory. In the Cash Markets, the CAC 40 was trading lower by 0.22% at 4928.94 and the DAX inched down 0.03% to 12835.28, at the time of writing.

On the data front, Hungary will release the Quarterly unemployment Rate for June on Wednesday. The unemployment rate represents the number of unemployed persons expressed as a percentage of the labour force. The unemployment rate for a particular age/sex group is the number of unemployed in that group expressed as a percentage of the labour force for that group. The previous reading stood at 4.1%.

Asia-Pacific markets were trading in mixed territory in the cash markets on Wednesday. The ASX 200 declined 0.23% and was trading at 6006.40. The Shanghai Composite rose 1.90% to 3289.23, at the time of writing.

Japan will report the Retail Sales (YoY) for June on Wednesday. Retail Sales measure the change in the total value of inflation-adjusted sales at the retail level. It is the foremost indicator of consumer spending, which accounts for the majority of overall economic activity. The previous reading on the Index stood at -12.5%. The market expects the reading to come in at -6.5%.

US Dollar Index futures inched down 0.14% to 93.520 and British Pound futures shrank 0.12% to 1.2934 while the Euro futures inched up 0.19% and were trading at 1.1758 and the Japanese Yen futures rose 0.09% to 0.009530, at the time of writing. The dollar languished near two-year lows on Wednesday as the United States struggled to contain a spike in coronavirus cases, dashing hopes for a quick economic recovery. The dour outlook for the world’s largest economy is expected to see the U.S. Federal Reserve sticking to a dovish stance at its policy review later in the day, with dollar bears betting it could hint of other ways to loosen policy further down the road.

In the Commodity Markets, Silver rose 0.52% to $24.427 and Gold inched up 0.63% to $1956.30 while the Brent oil prices inched up 0.37% to $43.78, at the time of writing. Oil prices rose on Wednesday after an industry report showed that crude inventories in the United States fell against expectations, giving the market a boost amid record increases of coronavirus infections in the U.S.

In the Cryptocurrency Markets, Bitcoin rose 0.79% to 11022.10 and Ethereum inched up 0.89% to 320.20 respectively in the last 24 hours. In news related to the cryptocurrency markets, The Tel Aviv Stock Exchange (TASE) of Israel has said it is launching a new blockchain platform that will become the “one-stop-shop” for lending securities in the country. TASE said that the Central Blockchain Securities Lending Platform will provide a single national market where Israeli institutions can lend securities directly to one another.

TECHNICAL SUMMARY​

EUR/USD

EUR/USD D1

TRADE SUGGESTION- BUY AT 1.7500, TAKE PROFIT AT 1.17900 AND STOP AT 1.17235





USD/JPY

USD/JPY D1

TRADE SUGGESTION –SHORT SEL AT 104.900, TAKE PROFIT AT 104.000 AND STOP AT 105.300







EUR/JPY

EUR/JPY D1

TRADE SUGGESTION- BUY AT 123.250, TAKE PROFIT AT 123.700 AND STOP AT 122.977




AUD/USD

AUD/USD D1

TRADE SUGGESTION- BUY AT 0.71750, TAKE PROFIT AT 0.71300 AND STOP AT 0.72350




NATURAL GAS

NATURAL GAS

TRADE SUGGESTION- BUY AT 1.820, TAKE PROFIT AT 1.880 AND STOP AT 1.785




SILVER

SILVER D1

TRADE SUGGESTION- BUY AT 24.310, TAKE PROFIT AT 24.900 AND STOP AT 23.800




NASDAQ

NASDAQ D1

TRADE SUGGESTION- BUY AT 10590, TAKE PROFIT AT 10764 AND STOP AT 10429

 

[CapitalStreetFx]

The report presents a summary of all upcoming and recent fundamental events as well as technical analysis for the major markets.

DAILY REPORT - 31st JULY 2020​

Dow futures were trading lower by 0.02% at 26212.00 while Nasdaq 100 futures inched up 0.56% to 10,854.00 and S&P 500 futures rose 0.01% to 3249.00 respectively, at the time of writing.

The U.S. economy contracted by an unprecedented annualized rate of 32.9% in the second quarter as reported by the Commerce Department on Thursday. This quarter posted the worst decline since the Great Depression as the coronavirus pandemic hammered consumer spending.

On the earnings front, Colgate-Palmolive Co, Chevron Corp and Merck & Co Inc are scheduled to report their quarterly results before the market opens on Friday.

On the economic front, Statistics Canada will report May Gross Domestic Product (MoM) on Friday. Gross Domestic Product (GDP) measures the annualized change in the inflation-adjusted value of all goods and services produced by the economy. It is the broadest measure of economic activity and the primary indicator of the economy’s health. The previous reading stood at -11.6%. The consensus estimates today’s reading to come in at 3.5%.

European equities were trading in negative territory in early trading on Friday. In the Cash Markets, the CAC 40 was trading lower by 2.13% at 4852.94 and the DAX inched down 3.45% to 12379.65, at the time of writing.

On the data front, Eurostat will report the Consumer Price Index (CPI) (YoY) for July on Friday. The Consumer Price Index (CPI) measures the change in the price of goods and services from the perspective of the consumer. It is a key indicator to measure changes in purchasing trends and inflation. The previous reading stood at 0.3% and the consensus estimates the reading to come in at 0.2%.

Asia-Pacific markets were trading in mixed territory in the cash markets on Friday. The ASX 200 declined 2.04% and was trading at 5927.80. The Nikkei inched down 2.82 % to 21,710.00 and the Shanghai Composite inched up 0.61% to 3305.65, at the time of writing.

China Federation of Logistics and Purchasing reported the Non-Manufacturing Purchasing Managers Index (PMI) for July on Friday. The official non-manufacturing PMI is based on a survey of about 1,200 companies covering 27 industries including construction, transport and telecommunications. It is the level of a diffusion index based on a survey of purchasing managers in the services industry. The consensus estimates for the index reading stood at 51.2 while the reading came better in at 54.2.

US Dollar Index futures inched down 0.46% to 92.578 and British Pound futures rose 0.33% to 1.3134 while Euro futures inched up 0.50% and were trading at 1.1907 and Japanese Yen futures rose 0.46% to 0.9587, at the time of writing. The dollar was down on Friday morning, touching two-year lows, and on its way to post its biggest monthly decline in a decade as fresh doubts over the U.S economy’s recovery from the COVID-19 pandemic creep in.

In the Commodity Markets, Silver rose 3.74% to $24.238 and Gold inched up 1.55% to $1973.50 while Brent oil prices advanced 0.83% to $43.65, at the time of writing. Oil prices recovered further ground on Friday after touching three-week lows in the previous session, responding to a record decline in U.S. growth as the coronavirus ravaged the world’s biggest economy and oil consumer.

In the Cryptocurrency Markets, Bitcoin increased 0.87% to 11095.60 and Ethereum inched up 5.18% to 336.00 respectively in the last 24 hours. In news related to the cryptocurrency markets, Recent Q2 financial details from blockchain-involved company ‘Overstock’ listed on Nasdaq showed triple-digit percentage growth as compared to the same time in 2019. The Total net revenue was $783 million which showed an increase of 109% year over year and the Gross profit was $180 million or 23.0% of total net revenue, an improvement of 321 basis points year over year.

TECHNICAL SUMMARY​

EUR/USD

EUR/USD D1

TRADE SUGGESTION- BUY AT 1.18860, TAKE PROFIT AT 1.19250 AND STOP AT 1.18425



USD/JPY

USD/JPY D1

TRADE SUGGESTION –SHORT SELL AT 104.450, TAKE PROFIT AT 104.000 AND STOP AT 104.732





EUR/JPY

EUR/JPY D1

TRADE SUGGESTION- BUY AT 124.010, TAKE PROFIT AT 124.425 AND STOP AT 123.686


AUD/USD

AUD/USD D1

TRADE SUGGESTION- BUY AT 0.71900, TAKE PROFIT AT 0.72000 AND STOP AT 0.71750


NATURAL GAS

NATURAL GAS

TRADE SUGGESTION- BUY AT 1.833, TAKE PROFIT AT 1.877 AND STOP AT 1.800


SILVER

SILVER D1

TRADE SUGGESTION- BUY AT 24.050, TAKE PROFIT AT 24.540 AND STOP AT 23.680


NASDAQ

NASDAQ D1

TRADE SUGGESTION- BUY AT 10890, TAKE PROFIT AT 11050 AND STOP AT 10720
Click Here For More Signals
Click here to Register Now

Capital Street Intermarkets Limited is fully licensed and regulated by the FSC Mauritius, as a Full Services Investment Dealer (excluding underwriting), under the license number C112010690.​

 

[CapitalStreetFx]

The report presents a summary of all upcoming and recent fundamental events as well as technical analysis for the major markets

DAILY REPORT - 3rd AUGUST 2020

​

Dow futures were trading higher by 0.44% at 26,428.32 while Nasdaq 100 futures inched up 1.47% to 10,745.28 and S&P 500 futures rose 0.77% to 3,271.12 respectively, at the time of writing.

On the earnings front, Berkshire Hathaway, Clorox Co and Disney are scheduled to report their quarterly results before the market opens on Monday.

On the economic front, the US will report the ISM Manufacturing Purchasing Managers Index (PMI) for July on Monday. The Institute of Supply Management (ISM) Manufacturing Purchasing Managers Index (PMI) Report on Business is based on data compiled from monthly replies to questions asked of purchasing and supply executives in over 400 industrial companies. The previous reading stood at 43.1 and the market estimates the reading to come in at 49.5.

European equities are trading in positive territory. In the Cash Markets, the CAC 40 rose 0.35% at 4,797.50 and the DAX inched up 0.53% to 12, 379.36, at the time of writing.

On the data front, Germany will release manufacturing Purchasing Managers Index (PMI) for July on Monday. The German Manufacturing Purchasing Managers’ Index (PMI) measures the activity level of purchasing managers in the manufacturing sector. The consensus estimates the reading to come at 48.0.

Asia-Pacific markets were trading in a mixed territory in the cash markets on Monday. The ASX 200 rose 0.01%% and was trading at 5,928.50. The Shanghai Composite gained 1.10% to 3,346.42, at the time of writing.

On the economic front, Japan will report the Tokyo Core Consumer Price Index (CPI) YoY on Monday. The Tokyo Core Consumer Price Index (CPI) measures the change in the price of goods and services purchased by consumers in Tokyo, excluding fresh food. The consensus estimates the reading to come at 0.2%.

US Dollar Index futures inched up 0.10% to 93.415 and British Pound futures inched up 0.03% to 1.3092 while Euro futures rose 0.03% and were trading at 1.1777, at the time of writing. The U.S. dollar gave up brief early gains on Monday as mounting concerns about a slowing U.S. economic recovery from the coronavirus pandemic hobbled the currency after a brief rebound late last week.

In the Commodity Markets, Silver rose 1.24% to $24.517 and Gold inched up 0.35% to $1,980.80 while the Brent oil prices inched down 0.41% to $43.34, at the time of writing. Oil prices fell on Monday on oversupply concerns as OPEC and its allies wind back production cuts in August and a rise in worldwide COVID-19 cases points to a slower pickup in fuel demand.

In the Cryptocurrency Markets, Bitcoin contracted 3.03% to $11,153.16 and Ethereum inched down 1.01% to $380.15 respectively in the last 24 hours. In news related to the cryptocurrency markets, Ethereum saw one of the most intense drops it has seen since mid-March yesterday, with the cryptocurrency’s price reeling from highs of $415 to lows of $300 in a matter of minutes.





TECHNICAL SUMMARY


EUR/USD

EUR/USD D1

TRADE SUGGESTION- BUY AT 1.17573, TAKE PROFIT AT 1.17943 AND STOP AT 1.1708



GBP/USD

GBP/USD D1

TRADE SUGGESTION – BUY AT 1.30735, TAKE PROFIT AT 1.31418 AND STOP AT 1.30188



USD/JPY

USD/JPY D1

TRADE SUGGESTION- BUY AT 105.933, TAKE PROFIT AT 106.310 AND STOP AT 105.179





AUD/USD

AUD/USD D1

TRADE SUGGESTION- SHORT SELL AT 0.71201, TAKE PROFIT AT 0.70831 AND STOP AT 0.71345



SILVER

SILVER D1

TRADE SUGGESTION- BUY AT 24.300, TAKE PROFIT AT 24.927 AND STOP AT 23.674





NASDAQ 100

NASDAQ 100 D1

TRADE SUGGESTION- BUY AT 10949.25, TAKE PROFIT AT 11059.15 AND STOP AT 10762.08

Click Here For More Signals
Click here to Register Now

Capital Street Intermarkets Limited is fully licensed and regulated by the FSC Mauritius, as a Full Services Investment Dealer (excluding underwriting), under the license number C112010690.​

 

[CapitalStreetFx]

The report presents a summary of all upcoming and recent fundamental events as well as technical analysis for the major markets.

DAILY REPORT - 6th Aug 2020

Dow futures were trading higher by 0.25% at 27123.00 while Nasdaq 100 futures inched down 0.05% to 11,086.00 and S&P 500 futures rose 0.08% to 3319.00 respectively, at the time of writing.

On the earnings front, Toyota Motor, T-Mobile US and WorldPay are scheduled to report their quarterly results on Thursday.

Top congressional Democrats and White House officials appeared to harden their stances on the new coronavirus relief plan on Wednesday, with few hints of compromise, or that they could meet a self-imposed Friday deadline as President Trump again threatened to act on his own to provide the relief.

The US Department of Labour will report Initial Jobless Claims for the past week on Thursday. Initial Jobless Claims measures the number of individuals who filed for unemployment insurance for the first time during the past week. The previous reading stood at 1.434M while consensus estimates the current reading to come in at 1.415M.

European equities were trading in positive territory. In Cash Markets, the CAC 40 was trading higher by 0.90% at 4993.34 and the DAX inched up 0.47% to 12660.25, at the time of writing.

Attention turns to the BOE today as the MPC meets today. The Bank of England is set to decide on its base lending rate and/or the deployment of further fiscal stimulus. Market focus is expected to be largely attuned to the Monetary Policy Committee’s outlook for the U.K. economy. The consensus estimates the interest rates to be kept unchanged at 0.10%.

Asia-Pacific markets were trading in mixed territory in cash markets on Thursday. The ASX 200 rose 0.68% and was trading at 6042.20. The Nikkei inched down 0.43 % to 22,418.15 and the Shanghai Composite inched down 0.02% to 3377.00, at the time of writing.

Over in China, The General Administration of Customs – Peoples Republic of China will report the Trade Balance (USD) for July on Thursday. Trade Balance measures the difference in value between imported and exported goods and services over the reported period. A positive number indicates that more goods and services were exported than imported. The consensus estimates the reading to come in at 42.00B, lower than the previous reading of 46.42B. This number becomes increasingly sensitive as countries around the world focus on China’s political moves, and the dangerous dependence of western supply-chains on China

US Dollar Index futures inched down 0.24% to 92.623 and British Pound futures rose 0.42% to 1.3174 while Euro futures advanced 0.22% and were trading at 1.1897 and Japanese Yen futures inched up 0.12% to 0.948, at the time of writing. The dollar struggled on Thursday under the weight of worries over the U.S. economic recovery. Rising coronavirus infections in the US add to the speed and time required for an economic recovery, with investors looking out for upcoming data on the U.S. labour market on Friday.
In Commodity Markets, Silver rose 3.37% to $21.795 and Gold inched up 0.81% to $2053.60 while the Brent oil price advanced 0.55% to $45.41, at the time of writing. Oil prices were mostly flat on Thursday as a boost from lower-than-expected U.S. crude stocks that lifted the market to five-month highs in the previous session gave way to fuel demand concerns amid rising coronavirus infections.
In Cryptocurrency Markets, Bitcoin rose 3.46% to 11676.50 and Ethereum inched up 1.54% to 396.86 respectively in the last 24 hours. In news related to the cryptocurrency markets, According to statistics from Zhaopin, hundreds of companies in China have been hiring staff for blockchain-related jobs. Monthly salaries start at $2,865 on average. This figure has skyrocketed from an average of $1,230 last year. The latest figures from Chinese recruiting platforms show that blockchain-related salaries are on the rise across China. This is likely due to high demand for specialists in the sector.​

TECHNICAL SUMMARY

EUR/USD

EUR/USD D1

TRADE SUGGESTION- BUY AT 1.18580, TAKE PROFIT AT 1.19160 AND STOP AT 1.18141


USD/JPY

USD/JPY D1

TRADE SUGGESTION –SHORT SELL AT 105.555, TAKE PROFIT AT 104.890 AND STOP AT 106.172


EUR/JPY

EUR/JPY D1

TRADE SUGGESTION- BUY AT 124.070, TAKE PROFIT AT 125.561 AND STOP AT 124.730


AUD/USD

AUD/USD D1

TRADE SUGGESTION- BUY AT 0.71840, TAKE PROFIT AT 0.72237 AND STOP AT 0.71535


CRUDE OIL

CRUDE OIL D1

TRADE SUGGESTION- BUY AT 41.70, TAKE PROFIT AT 42.39 AND STOP AT 41.20


SILVER

SILVER D1

TRADE SUGGESTION- BUY AT 27.680, TAKE PROFIT AT 28.600 AND STOP AT 26.873


NASDAQ

NASDAQ D1

TRADE SUGGESTION- BUY AT 11070, TAKE PROFIT AT 11290 AND STOP AT 10940

More Signals: www.capitalstreetfx.com/en/technical_analysis/daily-report-on-august-6-2020/

Register Now: www.capitalstreetfx.com/PromotionalRegistration.aspx
​

Capital Street Intermarkets Limited is fully licensed and regulated by the FSC Mauritius, as a Full Services Investment Dealer (excluding underwriting), under the licence number C112010690.​

​

 

[CapitalStreetFx]

The report presents a summary of all upcoming and recent fundamental events as well as technical analysis for the major markets.

DAILY REPORT - 7th Aug 2020​

Dow futures were trading lower by 0.47% at 27157.00 while S&P 500 futures declined 0.49% to 3328.00 respectively, at the time of writing. Nasdaq 100 futures inched down 0.58% to 11,195.00 and it was Nasdaq’s first-ever historical close above 11000.

On the earnings front, OTP Bank, Magma Intl and Ventas are scheduled to report their quarterly results on Friday.

US Lawmakers are working on the next fiscal stimulus package, but the timeline remains somewhat murky ahead of a self-imposed Friday deadline. The big sticking point is whether or not to resume the enhanced $600-a-week unemployment benefit that was rolled out in March. Also, U.S. President Donald Trump ratcheted up already-heightened tensions with Beijing by banning U.S. transactions with two popular Chinese apps, Tencent’s WeChat and ByteDance’s Tiktok.

US Bureau of Labour Statistics will report Nonfarm Payrolls for July on Friday. Nonfarm Payrolls measures the change in the number of people employed during the previous month, excluding the farming industry. Job creation is the foremost indicator of consumer spending, which accounts for the majority of economic activity. The previous reading stood at 4.800M while consensus estimates the current reading to come in at 1.600M. This is the biggest economic release every month and has become even more important during the current debate regarding ongoing unemployment benefits.

European equities were trading in negative territory. In Cash Markets, the CAC 40 was trading lower by 0.98% at 4885.13 and the DAX inched down 0.54% to 12,591.68, at the time of writing.

German Statistisches Bundesamt Deutschland reported the Trade Balance for June on Friday. The Trade Balance measures the difference in worth between exported and imported goods over the month. A positive reading indicates that more goods were exported than imported. The reading came in at 14.5B, better than the market estimates of 10.1B.

Asia-Pacific markets were trading in negative territory in cash markets on Friday. The ASX 200 declined 0.62% and was trading at 6004.80. The Nikkei inched down 0.46 % to 22,316.00 and the Shanghai Composite shrank 0.70% to 3362.74, at the time of writing.

Over in Japan, The Cabinet Office of Japan released the Leading Economic Index on Friday. The Leading Economic Index released by the Cabinet Office is an economic indicator that consists of 12 indexes such as account inventory ratios, machinery orders, stock prices and other leading economic indicators. It shows the performance of the Japanese Economy over the short and mid-term. The reading came in at 85.00, higher than the consensus estimates of 78.80.

US Dollar Index futures inched up 0.24% to 92.993 and British Pound futures declined 0.20% to 1.3127 while Euro futures shrank 0.27% and were trading at 1.1852 and Japanese Yen futures inched up 0.03% to 0.9478, at the time of writing. Dollar Index Futures were up on Friday morning, reversing some of its losses earlier in the week. But gains were capped by decreasing U.S. Treasury yields, ever-increasing numbers of COVID-19 cases and the stalemate in the U.S. Congress over the latest stimulus package.

In Commodity Markets, Silver rose 1.50% to $28.825 and Gold inched up 0.15% to $2061.45 while the Brent oil price shrank 0.13% to $45.03, at the time of writing. Oil was down on Friday morning as some of the biggest oil-producing members of the Organization of the Petroleum Exporting Countries and Allies (OPEC+) vouched to fully commit to production cuts.

In Cryptocurrency Markets, Bitcoin rose 1.15% to 11808.50 and Ethereum inched down 0.40% to 395.24 respectively in the last 24 hours. In news related to the cryptocurrency markets, Nigeria, the biggest source of Bitcoin trading volume in Africa, is apparently one of the fastest-growing crypto markets in the world, according to a new report. Moreover, Nigeria has seen the largest influx of activity on its wallet app since April 2020.

TECHNICAL SUMMARY​

EUR/USD

EUR/USD D1

TRADE SUGGESTION- BUY AT 1.18397, TAKE PROFIT AT 1.18728 AND STOP AT 1.18133





USD/JPY

USD/JPY D1

TRADE SUGGESTION –SHORT SELL AT 105.550, TAKE PROFIT AT 105.011 AND STOP AT 105.864





EUR/JPY

EUR/JPY D1

TRADE SUGGESTION- BUY AT 125.022, TAKE PROFIT AT 125.502 AND STOP AT 124.621





AUD/USD

AUD/USD D1

TRADE SUGGESTION- BUY AT 0.72180, TAKE PROFIT AT 0.72424 AND STOP AT 0.71889





BRENT CRUDE

BRENT CRUDE D1

TRADE SUGGESTION- BUY AT 45.00, TAKE PROFIT AT 45.66 AND STOP AT 44.50





SILVER

SILVER D1

TRADE SUGGESTION- BUY AT 28.410, TAKE PROFIT AT 29.850 AND STOP AT 27.113





NASDAQ

NASDAQ D1

TRADE SUGGESTION- BUY AT 11210, TAKE PROFIT AT 11400 AND STOP AT 110776



More Signals: www.capitalstreetfx.com/en/technical_analysis/daily-report-on-august-7-2020/

Register Now: www.capitalstreetfx.com/PromotionalRegistration.aspx

Capital Street Intermarkets Limited is fully licensed and regulated by the FSC Mauritius, as a Full Services Investment Dealer (excluding underwriting), under the licence number C112010690.​

 

[CapitalStreetFx]

The report presents a summary of all upcoming and recent fundamental events as well as technical analysis for the major markets.

DAILY REPORT - 7th Aug 2020​

Dow futures were trading higher by 0.32% at 27421.00 and S&P 500 futures rose 0.19% to 3351.00 respectively while Nasdaq 100 futures inched down 0.04% to 11,117.00, at the time of writing.

On the earnings front, Tencent Music Entertainment Group, Marriott Int and Canopy Growth are scheduled to report their quarterly results on Monday.

President Donald Trump on Saturday signed executive actions extending financial relief to Americans hit by the coronavirus pandemic. The measures marked a presidential show of strength after Trump’s Republican Party and White House team failed to agree with opposition Democrats in Congress on a new stimulus package. One key Trump order promises $400 a week added to Americans’ unemployment benefits, while others offer some protection from evictions and relief for student loans.

The US Bureau of Labor Statistics will report the JOLT’s Job Openings for June on Monday. US Bureau of Labor Statistics do a survey to help measure job vacancies. It collects data from employers about their businesses employment, job openings, recruitment, hires and separations. JOLTS define Job Openings as all positions that are open on the last business day of the month. The previous reading stood 5.397M.

European equities were trading in positive territory. In Cash Markets, the CAC 40 was trading higher by 0.09% at 4889.52 and the DAX inched up 0.66% to 12,674.88, at the time of writing.

The UK British Retail Consortium will release Retail Sales Monitor (YoY) for July on Monday. The British Retail Consortium (BRC) Retail Sales Monitor measures the change in the value of same-store sales in BRC-member retail outlets in the U.K. The previous reading stood at 10.9%.

Asia-Pacific markets were trading in mixed territory in cash markets on Monday. The ASX 200 advanced 1.71% and was trading at 6107.40. The Nikkei inched down 0.39 % to 22,329.94 and the Shanghai Composite rose 0.67% to 3376.70, at the time of writing.

Over in Japan, The Ministry of Finance of Japan will report the Adjusted Current Account Index for July on Monday. The Japanese Adjusted Current Account index measures the difference in value between exported and imported goods, services and interest payments during the reported month. The goods portion is the same as the monthly Trade Balance figure. Because foreigners must buy the domestic currency to pay for the nation’s exports the data can have a sizable effect on the JPY. The previous reading stood at 0.82T.

US Dollar Index futures inched down 0.08% to 93.338 and British Pound futures rose 0.14% to 1.3072 while Euro futures advanced 0.09% and were trading at 1.1802 and Japanese Yen futures inched up 0.16% to 0.9458, at the time of writing. U.S. dollar futures were struggling to keep a rare rally together on Monday as its longest losing streak in a decade left much of the market structurally short of the currency and vulnerable to a squeeze on any upbeat news.

In Commodity Markets, Silver rose 3.82% to $28.593 and Gold inched up 0.73% to $2032.70 while the Brent oil price advanced 1.04% to $44.86, at the time of writing. Oil prices climbed on Monday, supported by Saudi optimism on Asian demand and an Iraqi pledge to deepen supply cuts, although uncertainty over a deal to shore up the U.S. economic recovery capped gains.

In Cryptocurrency Markets, Bitcoin rose 2.90% to 11983.00 and Ethereum inched up 0.82% to 396.00 respectively in the last 24 hours. In news related to the cryptocurrency markets, KEB Hana Bank, one of the biggest commercial banks in South Korea, reached an agreement with the state-backed highway operator, the Korea Expressway Corporation, to bring blockchain-based toll payments system across the nation’s highways. The project is expected to launch before the end of the year. The system will connect KEB Hana’s smartphone banking app, Hana One Q, for motorists to arrange their toll payments, defer them, or even receive toll fee refunds.


TECHNICAL SUMMARY

EUR/USD

EUR/USD D1

TRADE SUGGESTION- SHORTSELL AT 1.17850, TAKE PROFIT AT 1.17200 AND STOP AT 1.8400


USD/JPY

USD/JPY D1

TRADE SUGGESTION –BUY AT 105.965, TAKE PROFIT AT 106.383 AND STOP AT 105.578


EUR/JPY

EUR/JPY D1

TRADE SUGGESTION- SHORTSELL AT 124.690, TAKE PROFIT AT 124.276 AND STOP AT 125.200


AUD/USD

AUD/USD D1

TRADE SUGGESTION- SHORTSELL AT 0.71547, TAKE PROFIT AT 0.71366 AND STOP AT 0.71724


NATURAL GAS

NATURAL GAS D1

TRADE SUGGESTION- BUY AT 2.239, TAKE PROFIT AT 2.320 AND STOP AT 2.180


SILVER

SILVER D1

TRADE SUGGESTION- BUY AT 28.290, TAKE PROFIT AT 29.800 AND STOP AT 27.358


NASDAQ

NASDAQ D1

TRADE SUGGESTION- BUY AT 11105, TAKE PROFIT AT 11269 AND STOP AT 10992
​

More Signals: www.capitalstreetfx.com/en/technical_analysis/daily-report-on-august-10-2020/

Register Now: www.capitalstreetfx.com/PromotionalRegistration.aspx

Capital Street Intermarkets Limited is fully licensed and regulated by the FSC Mauritius, as a Full Services Investment Dealer (excluding underwriting), under the licence number C112010690.​