JamesThatcher and CSFX thread

Discussion in 'Trade Journals' started by JamesThatcher, Feb 17, 2021.

  1. JamesThatcher

    JamesThatcher New Member

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    Lol how do I prove I'm human.. Would you like me to send in a DNA sample ;-)
     
  2. CSFX

    CSFX New Member

    Joined:
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    TECHNICAL ANALYSIS REPORT – 05 APRIL 2021
    Asian markets partially closed today. The Shanghai composite is up 1.93% at 3,484.39. Overall, the Singapore MSCI down 0.77% at 361.50. Over in Hong Kong, the Hang Seng Index up 0.40% to 28,931. In Japan, the Nikkei 225 up 0.53% at 30,090, while the Topix index is up 0.23% at 1981.5. South Korea’s Kospi up 0.26% to 3120.74. Australia S&P/ASX 200 up 0.07% at 6828.7.

    European equities Thursday closing, Friday market was closed. The DAX futures contract in Germany traded up 2.43% at 15107.17, CAC 40 futures up 1.91% at 6103.0 and the UK 100 futures contract in the U.K. down 0.05% at 6,737.3.

    In U.S. on Wall Street, the Dow Jones Industrial Average closed 0.24% up at 33153.2, the S&P 500 up 1.14% to 4019.9 and the Nasdaq 100 up 2.70% at 13329.5, NYSE closes at 15752.24 up 0.44%.

    In the Forex market, GBPUSD up 0.10% at 1.38311. The USDJPY flat at 110.642. The USDCHF up 0.22% at 0.94326. EURUSD down 0.06% at 1.17530, EUR/GBP down 0.01% at 0.84975. The USD/CNY up 0.36% at 6.5646, at the time of writing.

    In the commodity market U.S Gold futures down 0.52% at $1,725.90. Elsewhere, Silver futures down 0.80% to $24.738 per ounce, Platinum down 0.27% at $1206.43 per ounce, and Palladium down 1.05% to $2,639.00.

    Crude Oil mix on Monday; Brent crude oil down 0.91% to $64.06 barrel while U.S. West Texas Intermediate (CLc1) is up 0.47% at $61.81.

    In the Cryptocurrency Markets, BTCUSD at 57240.98 down 1.67%, Ethereum at 2022.27 down 2.58%, Litecoin at 200.85 down 0.80%, at the time of writing.

    TOP STOCKS TO WATCH OUT TODAY:

    HESS Corp. up 5.257% at $74.48, TERADYNE Inc. up 5.86% at $128.81, MICRON TECH. up 4.761% at $92.41, TESLA Inc. down 0.925% at $661.75, MICROSOFT Corp. up 2.791% at $242.35, VISA Inc. up 2.423% at $216.86, APPLE Inc. down 0.696% at $123.00, BOEING Inc. down 0.696% at $252.96.

    Economic news:

    US: U.S. President Joe Biden would be willing to push through his $2 trillion infrastructure plan without the support of Republican lawmakers if he cannot reach a bipartisan deal, Energy Secretary Jennifer Granholm said on Sunday.

    Granholm said Biden would prefer that his plan have Republican backing but, if that does not work, he would likely support using a procedural strategy called reconciliation to allow Democrats to pass it in the Senate.

    “As he has said, he was sent to the presidency to do a job for America. And if the vast majority of Americans, Democrats and Republicans, across the country support spending on our country and not allowing us to lose the race globally, then he’s going to do that,” Granholm said on CNN’s “State of the Union.”

    Most Americans currently support the Democratic president’s plan, said Granholm, one of several senior Biden administration officials who promoted the proposal on television news shows on Sunday.

    Since taking office in January, the Democratic president has repeatedly said he wants to work with Republicans.

    Eurozone: Britain’s organised crime agency is reviewing a report by a group of London-based lawyers which accuses Lebanon’s central bank governor Riad Salameh and associates of money laundering and corrupt practices, four sources familiar with the matter said.

    The 76-page report, seen by Reuters, outlines what it says are assets, companies and investment vehicles in Britain worth hundreds of millions of pounds which it alleges Salameh, members of his family and his associates used over years to divert funds out of Lebanon.

    Salameh, who has led Lebanon’s central bank since 1993, told Reuters he had read a copy of the report and described it as part of a smear campaign. “They are false allegations,” he said.

    London-based legal practice Guernica37 submitted the report to British police late last year, two of the sources said. They said it was then referred to Britain’s National Crime Agency (NCA). The report was prepared on behalf a group from Lebanese civil society in the diaspora.

    “We can confirm we have received that report, but we are not in a position to comment further,” a spokesman for the NCA said, declining to say whether an investigation had been launched. Two of the sources said NCA’s financial investigation unit was carrying out a scoping exercise, a form of preliminary investigation, to determine whether there were sufficient grounds to start a formal investigation.

    Important Data: US Services PMI (Mar) today at 9:45 this time estimated 60.0, previously which was 59.80. US Markit Composite PMI (Mar) today at 9:45 previously which was 59.10. US ISM Non-Manufacturing PMI (Mar) today at 10:00 this time estimated 58.5, previously which was 55.30. JAPAN Average Hourly Earnings (YoY) (YoY) (Mar) today at 19:30 this time estimated 2.8%, previously which was -7.3%.

    TECHNICAL SUMMARY
    GBPUSD


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    TRADE SUGGESTION- BUY AT 1.38246, TAKE PROFIT AT 1.38477 AND STOP LOSS AT 1.38085

    EURUSD

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    TRADE SUGGESTION- SELL AT 1.17449, TAKE PROFIT AT 1.17385 AND STOP LOSS AT 1.17580

    USDJPY

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    TRADE SUGGESTION- BUY AT 110.624, TAKE PROFIT AT 110.821 AND STOP LOSS AT 110.475

    USDCHF

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    TRADE SUGGESTION- BUY AT 0.94307, TAKE PROFIT AT 0.94414 AND STOP LOSS AT 0.94156

    DOW JONES

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    TRADE SUGGESTION- BUY AT 33350.00 TAKE PROFIT AT 33400.00 AND STOP LOSS AT 33265.00

    WTI CRUDE OIL

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    TRADE SUGGESTION- SELL AT 60.44 TAKE PROFIT AT 59.82 AND STOP LOSS AT 61.69

    GOLD

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    TRADE SUGGESTION- SELL AT 1727.64, TAKE PROFIT AT 1718.42 AND STOP AT 1745.51

    BTCUSD

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    TRADE SUGGESTION- BUY AT 57084 TAKE PROFIT AT 58396.09 AND STOP AT 55735.87
     
  3. CSFX

    CSFX New Member

    Joined:
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    TECHNICAL ANALYSIS REPORT – 06 APRIL 2021
    Asia’s stock markets rose on Tuesday as another batch of strong U.S. economic data bolstered the global outlook. The Shanghai composite is down 0.20% at 3,477.65. Overall, the Singapore MSCI down 0.17% at 361.10. Over in Hong Kong, the Hang Seng Index flat at 28,931. In Japan, the Nikkei 225 down 1.26% at 29,690, while the Topix index is down 1.36% at 1955.0. South Korea’s Kospi up 0.16% to 3125.87. Australia S&P/ASX 200 up 0.94% at 6892.6.

    European equities Monday closing. The DAX futures contract in Germany traded up 0.66% at 15107.17, CAC 40 futures up 0.59% at 6103.0 and the UK 100 futures contract in the U.K. up 0.35% at 6,737.3.

    In U.S. on Wall Street, the Dow Jones Industrial Average closed 1.13% up at 33527.2, the S&P 500 up 1.14% to 4077.9 and the Nasdaq 100 up 2.02% at 13598.2, NYSE closes at 15870.33 up 0.75%.

    In the Forex market, GBPUSD up 0.15% at 1.39153. The USDJPY flat at 110.164. The USDCHF up 0.08% at 0.93704. EURUSD up 0.04% at 1.18149, EUR/GBP down 0.02% at 0.84906. The USD/CNY down 0.23% at 6.5498, at the time of writing.

    In the commodity market U.S Gold futures up 0.48% at $1,736.74. Elsewhere, Silver futures up 0.88% to $25.081 per ounce, Platinum up 0.24% at $1212.51 per ounce, and Palladium down 0.45% to $2,650.50.

    Crude Oil mix on Tuesday; Brent crude oil up 0.90% to $62.78 barrel while U.S. West Texas Intermediate (CLc1) is down 3.51% at $59.64.

    In the Cryptocurrency Markets, BTCUSD at 58668.38 down 0.77%, Ethereum at 2123.50 up 0.80%, Litecoin at 221.19 down 0.19%, at the time of writing.

    TOP STOCKS TO WATCH OUT TODAY:

    CARNIVAL Corp. up 4.654% at $28.11, FORD MOTOR CO. up 4.355% at $12.70, ETSY Inc. down 5.283% at $197.20, HESS Corp. down 4.995% at $70.76, INTEL Corp. up 3.083% at $66.54, OKTA Inc. down 1.25% at $226.83, DOCUSIGN Inc. down 0.31% at $205.65, BOEING Co. up 2.53% at $259.36.

    Economic news:

    US: Top Democrats on the Senate Finance Committee on Monday proposed major shifts in former President Donald Trump’s 2017 tax reforms to eliminate what they say are incentives for companies to move operations overseas and shift profits to tax haven countries.

    The plan proposed by Democratic senators Ron Wyden, Sherrod Brown and Mark Warner parallels some of the corporate tax hike proposals announced last week by President Joe Biden to finance $2 trillion in U.S. infrastructure investment.

    The senators are targeting provisions in the landmark 2017 Tax and Jobs Act that govern how companies’ foreign income is taxed, the Global Intangible Low-Taxed Income system, the Foreign-Derived Intangible Income tax and the Base-Erosion and Anti-abuse Tax.

    The systems were aimed at returning companies’ deferred offshore income to the United States at lower tax rates, where those profits could be invested in American jobs. But in practice, the Democrats said, they created new incentives for companies to invest more overseas to take advantage of new exemptions.

    Eurozone: British Prime Minister Boris Johnson said on Monday a planned reopening of the economy would take place next week, with the opening of all shops, gyms, hairdressers and outdoor hospitality areas in England.

    With the vaccine programme rolling out rapidly across the UK and infection numbers falling, Johnson said England would proceed to Stage 2 of his roadmap out of lockdown from April 12. Johnson said he would go to the pub himself for a pint.

    People should continue to work from home when they could and minimise domestic travel, the government said. It also confirmed that the government was looking at a COVID-status certification system, or vaccine passport, to help reopen larger events.

    Important Data: RUSSIA CPI (MoM) (Mar) today at 12:00 this time estimated 0.6%, previously which was 0.8%. US JOLTs Job Openings (Feb) today at 10:00 this time estimated 6.995M, previously which was 6.917M. EURO Unemployment Rate (Feb) today at 5:00 this time estimated 8.1%, previously which was 8.1%. US API Weekly Crude Oil Stock today at 16:30 previously which was 3.910M.

    TECHNICAL SUMMARY

    GBPUSD

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    TRADE SUGGESTION- BUY AT 1.38815, TAKE PROFIT AT 1.39391 AND STOP LOSS AT 1.38566

    EURUSD

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    TRADE SUGGESTION- SELL AT 1.18002, TAKE PROFIT AT 1.17587 AND STOP LOSS AT 1.18329

    EURGBP

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    TRADE SUGGESTION- SELL AT 0.85037, TAKE PROFIT AT 0.84970 AND STOP LOSS AT 0.85177

    EURJPY

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    TRADE SUGGESTION- BUY AT 130.218, TAKE PROFIT AT 130.467 AND STOP LOSS AT 130.054

    FTSE 100

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    TRADE SUGGESTION- BUY AT 6774.10 TAKE PROFIT AT 6803.2 AND STOP LOSS AT 6740.60

    WTI CRUDE OIL

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    TRADE SUGGESTION- SELL AT 59.25 TAKE PROFIT AT 58.68 AND STOP LOSS AT 59.91

    GOLD

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    TRADE SUGGESTION- SELL AT 1728.94, TAKE PROFIT AT 1721.07 AND STOP AT 1738.77

    ETHEREUM

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    TRADE SUGGESTION- BUY AT 2113.10 TAKE PROFIT AT 2134.68 AND STOP AT 2104.63
     
  4. JamesThatcher

    JamesThatcher New Member

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    United States Crude Oil Inventories April 7 2021

    What does the data mean to the market?

    The data indicates the number of crude oil barrels held by commercial firms in the US; this inventory is taken weekly and indicates increases or decreases needed in supply which then affects the price. A Positive number is bad for the oil price. There is other oil data released the night before this report, API Weekly Crude Oil Stock, which the market looks for as an indicator of today's report, which can gauge how it will respond.

    There are two mainline of data to focus on. DOE Gasoline Inventories and DOE Crude Oil Inventories, the two lines must not conflict to make this data tradable; Oil is the driving force behind this report.

    Historic Deviations and Their Outcome

    March 31 2021 Not much of a deviation on this, but it seems Gasoline won the day!

    See Chart here:
    https://calendar.galaxysoftwareinc.com/#/chart;i=35420;t=2021-3-31 14:30:00.0;s=USDOIL;r=M1

    March 24 2021 Not much of a deviation, but Gasoline seems to have driven price action, and maybe API wasn't considered so much by the market this time?

    See Chart here:
    https://calendar.galaxysoftwareinc.com/#/chart;i=34654;t=2021-3-24 14:30:00.0;s=USDOIL;r=M1

    March 17 2021 Mildly positive overall from both lines, and OIL went down in a bumpy way. So as expected!

    See Chart here:
    https://calendar.galaxysoftwareinc.com/#/chart;i=34164;t=2021-3-17 14:30:00.0;s=USDOIL;r=M1

    My Forecasts For Today

    DOE Crude Oil Inventories -1000
    DOE Gasoline Inventories 0


    Today's Trade Plan

    If we get +-4000 from OIL and no conflicts from Gasoline, we can expect a sustained move from Crude OIl or Brent.


    Note that I have used hybrid forecasts to accommodate the following.


    1) Official DOE Crude Forecast = -1416

    2) API Actual Crude = -2618

    3) Official DOE Gasoline Forecast = -2465

    4) API Actual Gasoline = +4553

    Tradable Pairs

    USDBNT
    USDOIL

    Hope this helps but please do your own analysis!!

    Good luck!!

    James Thatcher

    Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Past performance is not indicative of future results. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
     
  5. CSFX

    CSFX New Member

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    TECHNICAL ANALYSIS REPORT – 07 APRIL 2021
    A gauge of Asian shares climbed to three-week highs on Wednesday. The Shanghai composite is down 0.35% at 3,470.15. Overall, the Singapore MSCI down 0.08% at 361.60. Over in Hong Kong, the Hang Seng Index down 0.83% at 28,689. In Japan, the Nikkei 225 up 0.17% at 29,750, while the Topix index is up 0.59% at 1966.5. South Korea’s Kospi up 0.30% to 3136.50. Australia S&P/ASX 200 up 0.55% at 6923.9.

    European equities Tuesday closing. The DAX futures contract in Germany traded up 0.70% at 15212.68, CAC 40 futures up 0.47% at 6131.3 and the UK 100 futures contract in the U.K. up 1.28% at 6,823.6.

    In U.S. on Wall Street, the Dow Jones Industrial Average closed 0.29% down at 33430.2, the S&P 500 down 0.10% to 4073.9 and the Nasdaq 100 down 0.06% at 13590.6, NYSE closes at 15877.95 up 0.05%.

    In the Forex market, GBPUSD down 0.26% at 1.37860. The USDJPY up 0.08% at 109.578. The USDCHF down 0.07% at 0.93011. EURUSD down 0.03% at 1.18699, EUR/GBP up 0.22% at 0.86077. The USD/CNY up 0.02% at 6.5403, at the time of writing.

    In the commodity market U.S Gold futures down 0.40% at $1,737.41. Elsewhere, Silver futures down 0.55% to $25.017 per ounce, Platinum up 0.13% at $1239.65 per ounce, and Palladium down 0.34% to $2,675.50.

    Crude Oil up on Wednesday; Brent crude oil up 0.10% to $62.74 barrel while U.S. West Texas Intermediate (CLc1) is up 0.79% at $60.11.

    In the Cryptocurrency Markets, BTCUSD at 58276.58 up 0.45%, Ethereum at 2097.50 down 0.74%, Litecoin at 236.54 down 0.24%, at the time of writing.

    TOP STOCKS TO WATCH OUT TODAY:

    ETSY Inc. up 4.468% at $206.01, TWITTER Inc. up 4.296% at $67.0, DISCOVERY Inc. up 4.179% at $43.38, KLA Corp. down 2.388% at $346.60, BIOGEN Inc. down 2.202% at $271.76, BAIDU Inc. up 1.916% at $226.44, NETEASE Inc. up 1.639% at $107.27, CSX Corp. down 1.481% at $97.11.

    Economic news:

    US: Top White House economist Cecilia Rouse on Tuesday defended President Joe Biden’s plan to spend $400 billion on the “care economy” as a legitimate infrastructure investment and key part of his drive to address persistent economic inequities.

    Republicans have blasted Biden’s $2.3 trillion infrastructure package as riddled with liberal spending priorities, and want to strip out funding for home- and community-based jobs taking care of kids and seniors.

    Rouse told an online event that was faulty thinking.

    “So many people said, ‘Oh, the $400 billion that are being proposed for the home care workers or the home care sector, that’s not really infrastructure,'” she said. “Well I beg to differ. I can’t go to work, if I don’t have someone who’s taking care of my parents or my children.”

    Biden’s infrastructure plan, his second major legislative initiative, appears unlikely to draw more bipartisan support than his first, a $1.9 trillion COVID-19 relief package that passed with only Democratic support last month.

    The infrastructure package includes $25 billion to upgrade child-care facilities and increase the number of sites in areas with few child-care options, and the Biden administration is working on another package with more funding to be unveiled in coming weeks.

    Eurozone: Top economic policymakers from the Group of Seven (G7) industrialised countries talked on Tuesday about how they will reform their economies to achieve their net zero emissions targets, this year’s chair, Britain, said.

    “Finance ministers and central bank governors discussed the key roles of their ministries and central banks in the transition to net zero, and how climate policies complement and amplify the role of the private sector in financing climate action,” Britain’s finance ministry said in a statement.

    British finance minister Rishi Sunak told attendees they needed to step up their plans to achieve the G7’s goal of creating $100 billion of climate finance, the finance ministry said.

    Sunak will on Wednesday call on the Group of Twenty major economies to focus their efforts to tackle climate change and help the International Monetary Fund (IMF) to make climate change key to its activities, the finance ministry said.

    On Thursday he will discuss more support for vulnerable countries and a new allocation of the IMF’s financial reserves, an internal currency known as special drawing rights (SDRs).

    Important Data: UK Composite PMI (Mar) today at 4:30 this time estimated 56.6, previously which was 56.6. US Crude Oil Inventories today at 10:30 this time estimated -1.436M, previously which was -0.876M. US Imports today at 5:00 previously which was 260.20B. Italian Services PMI (Mar) today at 3:45 this time estimated 49.0, previously which was 48.8.

    TECHNICAL SUMMARY

    GBPUSD

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    TRADE SUGGESTION- SELL AT 1.37821, TAKE PROFIT AT 1.37484 AND STOP LOSS AT 1.38080

    EURUSD

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    TRADE SUGGESTION- BUY AT 1.18703, TAKE PROFIT AT 1.18859 AND STOP LOSS AT 1.18448

    GBPJPY

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    TRADE SUGGESTION- SELL AT 151.390, TAKE PROFIT AT 151.012 AND STOP LOSS AT 151.778

    CHFJPY

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    TRADE SUGGESTION- BUY AT 118.1, TAKE PROFIT AT 118.231 AND STOP LOSS AT 117.973

    DAX 30

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    TRADE SUGGESTION- BUY AT 15208 TAKE PROFIT AT 15240.8 AND STOP LOSS AT 15175.10

    WTI CRUDE OIL

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    TRADE SUGGESTION- SELL AT 59.61 TAKE PROFIT AT 58.73 AND STOP LOSS AT 60.27

    GOLD

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    TRADE SUGGESTION- BUY AT 1740.96, TAKE PROFIT AT 1751.01 AND STOP AT 1723.03

    LITECOIN USD

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    TRADE SUGGESTION- BUY AT 224.57 TAKE PROFIT AT 240.72 AND STOP AT 230.75
     
  6. CSFX

    CSFX New Member

    Joined:
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    Messages:
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    TECHNICAL ANALYSIS REPORT – 08 APRIL 2021
    Asia Pacific stocks were mixed Thursday morning. The Shanghai composite is up 0.43% at 3,494.08. Overall, the Singapore MSCI down 0.14% at 360.50. Over in Hong Kong, the Hang Seng Index up 1.48% at 28,963. In Japan, the Nikkei 225 flat at 29,710, while the Topix index is down 0.71% at 1952.0. South Korea’s Kospi up 0.17% to 3142.68. Australia S&P/ASX 200 up 0.91% at 6990.7.

    European equities Wednesday closing. The DAX futures contract in Germany traded down 0.24% at 15176.36, CAC 40 futures down 0.01% at 6130.7 and the UK 100 futures contract in the U.K. up 0.91% at 6,885.3.

    In U.S. on Wall Street, the Dow Jones Industrial Average closed 0.05% up at 33446.3, the S&P 500 up 0.15% to 4080.0 and the Nasdaq 100 up 0.28% at 13616.7, NYSE closes at 15838.84 down 0.25%.

    In the Forex market, GBPUSD up 0.22% at 1.37660. The USDJPY down 0.17% at 109.643. The USDCHF down 0.09% at 0.92868. EURUSD up 0.10% at 1.18738, EUR/GBP down 0.16% at 0.86250. The USD/CNY up 0.07% at 6.5468, at the time of writing.

    In the commodity market U.S Gold futures up 0.42% at $1,744.10. Elsewhere, Silver futures up 0.78% to $25.324 per ounce, Platinum up 0.58% at $1233.62 per ounce, and Palladium down 0.04% to $2,622.00.

    Crude Oil mix on Thursday; Brent crude oil down 0.38% to $62.66 barrel while U.S. West Texas Intermediate (CLc1) is up 0.43% at $60.37.

    In the Cryptocurrency Markets, BTCUSD at 57176.81 up 2.18%, Ethereum at 2017.87 up 2.79%, Litecoin at 223.70 up 2.12%, at the time of writing.

    TOP STOCKS TO WATCH OUT TODAY:

    TWITTER Inc. up 2.97% at $68.99, FACEBOOK up 2.23% at $313.09, NVIDIA Corp. up 2.034% at $565.74, TESLA Inc. down 2.986% at $670.97, APPLE Inc. up 1.339% at $127.9, INTEC Corp. up 1.053% at $66.25, VISA Inc. up 0.284% at $219.27, NIKE Inc. down 0.452% at $136.54.

    Economic news:

    US: Federal Reserve officials remain wary about the ongoing risks of the coronavirus pandemic and are committed to bolstering the economy until its recovery is more secure, minutes of the U.S. central bank’s latest policy meeting showed on Wednesday.

    With their own forecasts projecting the strongest run of U.S. economic growth in nearly 40 years, “participants agreed that the economy remained far from the (Fed’s) longer-run goals and that the path ahead remained highly uncertain,” the minutes from the March 16-17 meeting said.

    “Participants noted that it would likely be some time,” before conditions improved enough for the central bank to consider reducing its current level of support.

    Though several policymakers at the meeting indicated they thought interest rates might need to increase sooner than anticipated by the bulk of their colleagues, and perhaps as soon as next year, there was little sense of urgency around that issue in the minutes.

    Eurozone: The European Central Bank sped up the pace of its emergency bond-buying programme by 22.7% in March despite a slowdown in the runup to Easter, with Germany the biggest beneficiary of its stimulus, data showed on Tuesday.

    The ECB bought 73.5 billion euros worth of bonds under its Pandemic Emergency Purchase Programme (PEPP) last month after pledging to raise buying volumes and cap a rise in borrowing costs that threatened to derail the euro zone’s recovery from a pandemic-induced recession.

    However, data for the five days to April 2 showed net PEPP purchases were nearly halved compared with the previous week, at just 10.6 billion euros – likely due to lower market activity in the runup to Easter.

    German government bonds took the lion’s share of the ECB’s largesse in February and March at 44.8 billion euros, combined data for PEPP and the ECB’s regular Public Sector Purchase Programme showed.

    This was more than twice the net supply of German sovereign paper over those months at 21 billion euros, according to UniCredit estimates, and helped bring the country back to its theoretical quota in the programmes.

    Important Data: UK Construction PMI (Mar) today at 4:30 this time estimated 54.6, previously which was 53.3. US Initial Jobless Claims today at 8:30 this time estimated 680K, previously which was 719K. AUSTRALIA Building Approvals (MoM) today at 21:30 this time estimated 21.6%, previously which was -19.4%. US Fed Chair Powell Speaks today at 12:00.

    TECHNICAL SUMMARY

    GBPUSD

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    TRADE SUGGESTION- SELL AT 1.37583, TAKE PROFIT AT 1.37194 AND STOP LOSS AT 1.37954

    EURUSD

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    TRADE SUGGESTION- BUY AT 1.18653, TAKE PROFIT AT 1.19090 AND STOP LOSS AT 1.18460

    USDJPY

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    TRADE SUGGESTION- BUY AT 109.721, TAKE PROFIT AT 109.844 AND STOP LOSS AT 109.620

    USDCHF

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    TRADE SUGGESTION- SELL AT 0.92864, TAKE PROFIT AT 0.92668 AND STOP LOSS AT 0.93109

    DJ EURO STOXX 50

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    TRADE SUGGESTION- BUY AT 3916 TAKE PROFIT AT 3925 AND STOP LOSS AT 3914

    WTI CRUDE OIL

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    TRADE SUGGESTION- SELL AT 59.33 TAKE PROFIT AT 58.68 AND STOP LOSS AT 60.27

    GOLD

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    TRADE SUGGESTION- BUY AT 1742.57, TAKE PROFIT AT 1745.28 AND STOP AT 1740.50

    BTC USD

    [​IMG]
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    TRADE SUGGESTION- BUY AT 57064 TAKE PROFIT AT 58402 AND STOP AT 55480.94
     
  7. JamesThatcher

    JamesThatcher New Member

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  8. JamesThatcher

    JamesThatcher New Member

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    We didn't see much of a deviation on this report. Oil price bounced up and backed down before finding a bearish direction for the rest of the trading session. This data did not shock the market, and I didn't take a trade. Unlike most of the data I trade, Crude Oil Inventories are weekly, so not long to wait until I get another shot at making some pips here.

    See Chart here:
    https://calendar.galaxysoftwareinc.com/#/chart;i=36450;t=2021-4-7 14:30:00.0;s=USDOIL;r=S10
     
  9. CSFX

    CSFX New Member

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    TECHNICAL ANALYSIS REPORT – 09 APRIL 2021
    Asia Pacific stocks were mostly down Friday morning. The Shanghai composite is down 1.08% at 3,444.91. Overall, the Singapore MSCI down 0.11% at 359.40. Over in Hong Kong, the Hang Seng Index down 1.25% at 28,660. In Japan, the Nikkei 225 up 0.67% at 29,870, while the Topix index is up 0.67% at 1965.0. South Korea’s Kospi down 0.51% to 3126.35. Australia S&P/ASX 200 up 0.14% at 6988.9.

    European equities Thursday closing. The DAX futures contract in Germany traded up 0.17% at 15202.68, CAC 40 futures up 0.57% at 6165.7 and the UK 100 futures contract in the U.K. up 0.83% at 6,942.2.

    In U.S. on Wall Street, the Dow Jones Industrial Average closed 0.17% up at 33503.6, the S&P 500 up 0.42% to 4097.2 and the Nasdaq 100 down 0.36% at 13751.8, NYSE closes at 15886.56 up 0.30%.

    In the Forex market, GBPUSD down 0.15% at 1.37121. The USDJPY up 0.12% at 109.384. The USDCHF up 0.11% at 0.92481. EURUSD down 0.14% at 1.18960, EUR/GBP up 0.05% at 0.86772. The USD/CNY up 0.05% at 6.5546, at the time of writing.

    In the commodity market U.S Gold futures down 0.30% at $1,750.25. Elsewhere, Silver futures down 0.51% to $25.305 per ounce, Platinum down 1.17% at $1217.14 per ounce, and Palladium down 0.10% to $2,626.00.

    Crude Oil down on Friday; Brent crude oil down 0.55% to $62.96 barrel while U.S. West Texas Intermediate (CLc1) is down 0.17% at $60.27.

    In the Cryptocurrency Markets, BTCUSD at 57943.15 down 0.22%, Ethereum at 2070.53 down 0.50%, Litecoin at 223.52 down 1.22%, at the time of writing.

    TOP STOCKS TO WATCH OUT TODAY:

    ETSY Inc. up 5.573% at $215.39, TWITTER Inc. up 3.232% at $71.22, DISCOVERY Inc. down 3.48% at $41.88, OKTA Inc. up 7.153% at $238.48, AUTODESK Inc. up 2.555% at $293.43, BIOGEN Inc. down 0.854% at $265.73, VISA Inc. up 0.652% at $220.7, 3M Co. up 0.395% at $195.72.

    Economic news:

    US: The U.S. Federal Reserve plans to keep its super-easy policy in place even as data shows the economy kicking into higher gear, with policymakers predicting on Thursday that an expected increase in prices this year will fade on its own, and warning about the recent uptick in COVID-19 infections.

    “Cases are moving back up here, so I would just urge that people do get vaccinated and continue socially distancing,” Fed Chair Jerome Powell, who has had his shots, said at an economic forum during virtual International Monetary Fund and World Bank meetings. “We don’t want to get another outbreak; even if it might have less economic damage and kill fewer people, it’ll slow down the recovery.”

    Speaking at a separate event, St. Louis Federal Reserve Bank President James Bullard said the Fed should not even discuss changes in monetary policy until it is clear the pandemic is over, tying future Fed discussions tightly to the success of the vaccination effort.

    The Fed has said it will keep buying $120 billion in bonds a month until it sees “substantial further progress” toward meeting the central bank’s employment and inflation goals.

    Eurozone: European Central Bank policymakers at their meeting last month debated a smaller increase in bond purchases and agreed to front-load the buying this quarter on condition it could be cut later if conditions allow, the accounts of their meeting showed on Thursday.

    Worried that rising yields would derail an eventual recovery, policymakers in March decided to “significantly” increase bond purchases and undo some of the rise in borrowing costs, which was deemed a reflection of a global repricing rather than improved economic prospects.

    Monthly bond buys under the ECB’s 1.85 trillion-euro Pandemic Emergency Purchase Programme jumped by over a fifth last month, enough to stabilize nominal bond yields and push inflation-adjusted yields back to their early-year lows.

    However, some policymakers argued that a smaller increase in bond purchases would better reflect a more balanced risk assessment and expectations for faster growth.

    “All members joined a broad consensus around the proposal put forward by (chief economist Philip) Lane, on the understanding that the total PEPP envelope was not being called into question in the current conditions and that the pace of purchases could be reduced in the future,” the account of the March 10-11 meeting showed.

    Important Data: US PPI (MoM) (Mar) today at 8:30 this time estimated 0.5%, previously which was 0.5%. CANADA Employment Change (Mar) today at 8:30 this time estimated 100K, previously which was 259.2K. CANADA Unemployment Rate (Mar) today at 8:30 this time estimated 8%, previously which was 8.2%. UK Halifax House Price Index (MoM) (Mar) today at 3:30 previously which was 0.1%.

    TECHNICAL SUMMARY

    GBPUSD

    [​IMG]
    [​IMG]
    TRADE SUGGESTION- SELL AT 1.37038, TAKE PROFIT AT 1.36714 AND STOP LOSS AT 1.37392

    EURUSD

    [​IMG]
    [​IMG]
    TRADE SUGGESTION- BUY AT 1.18859, TAKE PROFIT AT 1.19090 AND STOP LOSS AT 1.18682

    EURGBP

    [​IMG]
    [​IMG]
    TRADE SUGGESTION- BUY AT 0.86738, TAKE PROFIT AT 0.86952 AND STOP LOSS AT 0.86645

    EURJPY

    [​IMG]
    [​IMG]
    TRADE SUGGESTION- BUY AT 130.067, TAKE PROFIT AT 130.310 AND STOP LOSS AT 129.965

    HANG SENG

    [​IMG]
    [​IMG]
    TRADE SUGGESTION- SELL AT 28575 TAKE PROFIT AT 28373 AND STOP LOSS AT 28727

    WTI CRUDE OIL

    [​IMG]
    [​IMG]
    TRADE SUGGESTION- SELL AT 59.48 TAKE PROFIT AT 58.85 AND STOP LOSS AT 60.21

    GOLD

    [​IMG]
    [​IMG]
    TRADE SUGGESTION- BUY AT 1748.21, TAKE PROFIT AT 1758.11 AND STOP AT 1742.75

    ETHEREUM

    [​IMG]
    [​IMG]
    TRADE SUGGESTION- BUY AT 2074.10 TAKE PROFIT AT 2092.61 AND STOP AT 2055.34
     
  10. JamesThatcher

    JamesThatcher New Member

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    Canada Employment Change April 9 2021

    What does the data mean to the market?

    The total number of people employed/changed in the previous month. More employment is positive for the Cadanidan dollar and would create a buy of CAD pairs. Also, at the same time comes the unemployment rate, which has the reverse impact; a higher unemployment rate is negative for the Canadian Dollar. We need both to deviate in the same direction to create a trade. Today, it's nice to have one of these rare occurrences that don't come out with the highly anticipated NFP report. This data is Hot data, and we could get some pip's again today.


    Historic Deviations and Their Outcome

    March 12 2021 We saw a healthy + 184k positive deviation on the headline data Employment Change. With a positive 1% change in the Unemployment rate, which created a trade for me, I took on EURCAD to avoid any conflict from US data that came out simultaneously. I banked a few pips.

    See Chart here:
    https://calendar.galaxysoftwareinc.com/#/chart;i=33563;t=2021-3-12 13:30:00.0;s=EURCAD;r=M1

    February 5 2021 We had NFP simultaneously; however, big devs worked slowly on EURCAD and USDCAD. We couldn't trade this simultaneously as NFP as NFP is likely to overshadow this report.

    See Chart here:
    https://calendar.galaxysoftwareinc.com/#/chart;i=28017;t=2021-2-5 13:30:00.0;s=EURCAD;r=M1

    October 9 2020 We also had the same setup as of today and March, where this report doesn't come out with NFP; however, the forecast range was much broader. We still saw a good move on CAD pairs, although this was all over in the first minute.

    See Chart here:
    https://calendar.galaxysoftwareinc.com/#/chart;i=23196;t=2020-10-9 12:30:00.0;s=EURCAD;r=M1


    My Forecasts For Today

    Empl Chg - Full Time 0
    Employment Change 100
    Unemployment Rate 8.0

    Today's Trade Plan

    We have to look at the three main lines.

    Employment Change = Shows how many jobs were gained or added in the last month.

    Full Time= How many of those jobs were Full time because they have less value to the economy if they are part-time.

    Unemployment = More Unemployment is bad, and less is good.

    If we get a deviation from Employment change of around +75 (This is the key line of data)

    Add to that a +20 Full Time

    And 0.2+- from Unemployment

    Then we should see some great moves.

    Tradable Pairs

    EURCAD

    Hope this helps but please do your own analysis!!

    Good luck!!

    James Thatcher

    Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Past performance is not indicative of future results. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
     
    #30 JamesThatcher, Apr 9, 2021
    Last edited: Apr 13, 2021 at 6:31 AM
  11. JamesThatcher

    JamesThatcher New Member

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    #31 JamesThatcher, Apr 9, 2021
    Last edited: Apr 13, 2021 at 6:32 AM
  12. JamesThatcher

    JamesThatcher New Member

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    United States Core CPI m/m April 13 2021

    What does the data mean to the market?

    The Core Consumer Price Index (CPI) measures the changes in the price of goods and services, excluding food and energy. The CPI measures price change from the perspective of the consumer. It is a key way to measure changes in purchasing trends and inflation.

    A higher than expected number is positive/bullish for the USD, a lower than expected number is negative/bearish for the USD.

    There are 4 lines of data.

    Headline CPI - Core (M/M)
    CPI - Core (Y/Y)
    CPI - (M/M)
    CPI - (Y/Y)


    Historic Deviations and Their Outcome

    March 10 2021 We got a +0.1 on both core lines gave a nice 15 pip move on USDJPY ; that's a really nice move for such a small deviation, shows how hot this data is becoming.

    See Chart here:
    https://calendar.galaxysoftwareinc.com/#/chart;i=33216;t=2021-3-10 13:30:00.0;s=USDJPY;r=M1

    February 10 2021 Check out last months 0.2 deviations, and bear in mind that I expect the same deviations to create a better reaction today!
    We can see a small but gradual move over the first one minute.

    See Chart here:
    https://calendar.galaxysoftwareinc.com/#/chart;i=28287;t=2021-2-10 13:30:00.0;s=USDJPY;r=M1

    November 12 2020 Most of last year, the same deviations were not moving the market, as conditions were very different then, but I believe the focus is back.

    See Chart here:
    https://calendar.galaxysoftwareinc.com/#/chart;i=24281;t=2020-11-12 13:30:00.0;s=USDJPY;r=M1

    My Forecasts For Today

    CPI - Core (M/M) 0.2
    CPI - Core (Y/Y) 1.5
    CPI (M/M) 0.5
    CPI (Y/Y) 2.5

    Today's Trade Plan

    The focus is on CPI - Core (M/M) - Headline.

    I’m looking for a Deviation of 0.2% or greater in either direction from the forecast of 0.2% to take a trade.

    So, an actual figure of 0.0% to Sell USD or 0.4% to Buy USD.

    We would need to confirm no conflict on any of the other three lines!

    CPI - Core (Y/Y)
    CPI - (M/M)
    CPI - (Y/Y)

    If they all lineup, we should bank some good pips today.


    Tradable Pairs

    USDJPY


    Hope this helps but please do your own analysis!!

    Good luck!!

    James Thatcher

    Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Past performance is not indicative of future results. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
     
  13. CSFX

    CSFX New Member

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    TECHNICAL ANALYSIS REPORT – 13 APRIL 2021
    ASIAN MARKET:-

    Mainland Chinese stocks were down by the early morning. The Shanghai Composite was down by 0.51% to 3,395.68. Hong Kong’s Hang Seng Index was down about 0.46% to 28,539.12.

    Japan’s benchmark Nikkei average. Nikkei 225 is trading up 0.72 per cent at 29,751.06 on Tuesday, while the broader TOPIX 100 rose 0.30 per cent to 1,266.71. South Korea’s Kospi was up by 1.07% to 3169.08.

    EUROPEAN MARKET:-

    The Euro Stoxx 50 climbed down by 0.43% to 3,961. In the cash markets, the DAX futures Germany was trading 0.13% lower at 15,215.25. CAC 40 futures in France climbed down by 0.13% to 6,161.60, while the FTSE 100 futures in the U.K. fell by 0.39% to 6,889.41, at the time of writing.

    US MARKET:-

    In the U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.16% at 33,745.60 the S&P 500 was up 0.01% to 4129.86 and the Nasdaq 100 down 0.19% at 13,819.35.

    FOREX MARKET:-

    In the Forex market, GBPUSD rose 0.05% at 1.3748. The USDJPY was up 0.28% at 109.69. The USDCHF was up 0.25% at 0.9248. EURUSD was down 0.18% at 1.1887, EUR/GBP was down 0.23% at 0.8645, at the time of writing.

    COMMODITY MARKET;-

    In the commodity market, U.S. Gold futures fell 0.51% at $1,723.60. Elsewhere, Silver futures fell 0.10% to $24.843 per ounce, Platinum fell 0.34% at $1,170.20 per ounce, and Palladium was up 0.45% at $2,688.50.

    Crude Oil was down on Tuesday; Brent crude oil up 0.77% to $63.77 barrel while U.S. West Texas Intermediate (CLc1) rose 0.77% at $60.14.

    CRYPTO-CURRENCY MARKET:-

    In the Cryptocurrency Markets, BTCUSD is at $61,000 up 0.45%, Ethereum at 2,167.57 down 0.69%, Litecoin at 251.873 down 2.32%, at the time of writing.

    TOP STOCKS TO WATCH OUT TODAY:

    [​IMG]
    AstraZeneca. down 0.44% at 7,193.20, Apple Inc. down 1.32% at $131.24, Facebook down 0.29% at $312.46, TESLA Inc. up 3.69% at $701.02, MICROSOFT Corp. up 0.02% at $255.91, VISA Inc. up 0.47% at $221.47, BHP Group up 0.26% at $2,123.36.

    Economic news:

    USA MARKET

    [​IMG]
    The U.S. economy could see a significant rebound this year thanks to accommodative monetary and fiscal policy, but the labourmarket still has much room for improvement, Boston Federal Reserve Bank President Eric Rosengren said on Monday.

    “With labour-markets lack still significant, and inflation still below the Federal Reserve’s 2 per cent target, my perspective is that the current highly accommodative stance of monetary policy is appropriate,” Rosengren said during a virtual discussion with business leaders.

    Coronavirus vaccines’ ability to successfully prevent the spread of new variants of the virus would also be important, he said. “Assuming virus variants do not become especially problematic, we should see an unusually strong post-recession recovery,” he said.

    Under a replacement framework adopted last year, Fed officials are going to be patient and leave rates near zero until inflation materializes – not raising rates in anticipation of upper inflation when the unemployment rate is low, Rosengren said.

    Policymakers are trying to avoid the sluggish recovery that took place after the global financial crisis, and it is possible that the unemployment rate could drop to pre-pandemic levels of about 4% within the next two years, Rosengren said. Some employers will need to juice up their benefits packages or increase pay to attract new workers as business picks up, he said.

    EUROZONE:

    [​IMG]
    Britain’s economy will be back to its pre-COVID-19 level around the middle of next year, according to economists in a Reuters poll who said unemployment would peak at 6.2% as 2021 draws to a close and the pandemic job support scheme ends.

    The UK has suffered the highest coronavirus-related death toll in Europe. But a swift vaccine rollout and plummeting infections haveallowed the government to begin easing restrictions and on Monday non-essential retail and outside hospitality reopened.

    Last year the economy shrank by the most in more than three centuries, but the April 7-12 poll of around 70 economists said it would expand 5.0% this year and 5.5% in 2022. In a March poll, those forecasts were 4.6% and 5.7%, respectively.

    With much of the country’s dominant service industry closed, and citizens encouraged to stay at home, the poll suggested the economy contracted 2.3% last quarter. Now that lockdowns are being loosened, it was expected to grow 3.5% this quarter and 3.0% next.

    “There are mounting signs that the effects on the economy from the third COVID-19 lockdown have started to thaw,” said Paul Dales at Capital Economics.

    “We are sticking to our relatively optimistic view that the reopening of the economy and the vaccine programme will allow GDP to regain its pre-pandemic level early next year.”

    But asked when the British economy would be back to its pre-pandemic size the majority of respondents to an additional question thought it would take a bit longer, with 10 expecting it to be a quarter or two later.

    Finance Minister Rishi Sunak said last month he expected the economy would return to its pre-pandemic size in mid-2022. Six respondents in the poll said it would take longer and five said it would be sooner.

    TECHNICAL SUMMERY

    GBP/USD:-

    [​IMG]
    [​IMG]
    TRADE SUGGESTION- SELL AT 1.3750, TAKE PROFIT AT 1.3650 AND STOP LOSS AT 1.3800.

    USD/CAD:-

    [​IMG]
    [​IMG]
    TRADE SUGGESTION- BUY AT 1.2580, TAKE PROFIT AT 1.2680 AND STOP LOSS AT 1.2530.

    USD/JPY:-

    [​IMG]
    [​IMG]
    TRADE SUGGESTION- Sell AT 109.30 , TAKE PROFIT AT 108.30 AND STOP LOSS AT 109.80 .

    CAC 40:-

    [​IMG]
    [​IMG]
    TRADE SUGGESTION- BUY AT 6180.50, TAKE PROFIT AT 6230.50 AND STOP LOSS AT 6165.50.

    GOLD:-

    [​IMG]
    [​IMG]
    TRADE SUGGESTION- Sell AT 1730.90, TAKE PROFIT AT 1760.90 AND STOP LOSS AT 1715.90 .

    ETHEREUM:-

    [​IMG]
    [​IMG]
    TRADE SUGGESTION- BUY AT 2,215, TAKE PROFIT AT 2,265 AND STOP LOSS 2,190 .
     
  14. CSFX

    CSFX New Member

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    TECHNICAL ANALYSIS REPORT – 16 APRIL 2021
    ASIAN MARKET:-

    Mainland Chinese stocks were up by the early morning. The Shanghai Composite was up by 0.14% to 3,426.68. Hong Kong’s Hang Seng Index was up about 0.79% to 28,998.75.

    Japan’s benchmark Nikkei average. Nikkei 225 is trading up 0.14 per cent at 29,683.06 on Friday, while the Australian Index S&P / ASX 200 rose 0.07 per cent to 7,063.71. South Korea’s Kospi was up by 0.13% to 3198.08.

    EUROPEAN MARKET:-

    The FTSE MIB climbed up by 0.13% to 24,560.50 In the cash markets, the DAX futures Germany was trading 0.29% higher at 15,299.25. CAC 40 futures in France climbed up by 0.15% to 6,243.60, while the FTSE 100 futures in the U.K. rose by 0.42% to 7,013.41, at the time of writing.

    US MARKET:-

    In the U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.16% at 33,730.27 the S&P 500 was up 1.11% to 4,170.86 and the Nasdaq 100 was up 1.31% at 14,038.76.

    FOREX MARKET:-

    In the Forex market, GBPUSD fell 0.37% at 1.3735. The USDJPY was up 0.11% at 108.86. The USDCHF was up 0.21% at 0.9208. EURUSD was up 0.01% at 1.1968, EUR/GBP was up 0.41% at 0.8713, at the time of writing.

    COMMODITY MARKET;-

    In the commodity market, U.S. Gold futures fell 0.06% at $1,765.45. Elsewhere, Silver futures fell 0.15% to $25.925 per ounce, Platinum rose 0.32% at $1,202.90 per ounce, and Palladium was up 0.38% at $2,750.50.

    Brent crude oil was up 0.12% to $67.17 barrel while U.S. West Texas Intermediate (CLc1) rose 0.37% at $63.66.

    CRYPTO-CURRENCY MARKET:-

    In the Cryptocurrency Markets, BTCUSD is at $61,275 down 2.54%, Ethereum at 2,400.18 down 2.71%, Litecoin at 283.442 up 3.64%, at the time of writing.

    TOP STOCKS TO WATCH OUT TODAY:

    [​IMG]
    Daimler up 2.58% at 77.335, Apple Inc. up 1.87% at $134.50, Facebook up 1.65% at $ 307.82, TESLA Inc. up 0.90% at $738.85, Volkswagen up 1.26% at $240.46., Nvidia up 5.63% at $645.49, Barclays up 3.70% at 188.37.

    Economic news:

    USA MARKET

    [​IMG]
    The U.S. economy still has a long way to go to fully recover from the crisis caused by the coronavirus pandemic, which hit minorities and people with lower levels of education hardest, but the outlook is improving, Cleveland Federal Reserve Bank President Loretta Mester said on Thursday.

    “While the economy is still far from our policy goals of maximum employment and price stability, progress is being made and the economic outlook is brightening,” Mester said during a virtual event with students from Swarthmore College.

    On the inflation front, the Fed official said price readings could be high in the near-term as companies struggle with supply chain disruptions and prices rebound from lows reached early in the pandemic, but price growth is likely to slow as time passes and those challenges are resolved.

    “I’m not too concerned about inflation moving too high at this point,” Mester said.

    The U.S. economy could see strong growth in the second half of the year and labor market conditions should continue to improve as long as there is not a surge in infections of virus strains that are resistant to vaccines, Mester told reporters after the event.

    The policymaker expects the U.S. economy to grow by 6% or more this year and the unemployment rate to drop to 4.5% or lower by year-end.

    EUROZONE:-

    [​IMG]
    The European Parliament’s committees on relations with Britain on Thursday voted overwhelmingly in favour of the post-Brexit trade and cooperation agreement, clearing the path to its final ratification.

    They had suspended voting in March in protest over British changes to trading arrangements in Northern Ireland, which Brussels says breach the terms of the Brexit Withdrawal Agreement.

    The United Kingdom left the European Union on Jan. 31 after years of tortuous negotiations over their future relations but many details remain unclear, leading to acrimony.

    The EU’s foreign affairs and trade committees backed the trade and cooperation agreement struck in December by 108 votes to one, with four abstentions, the parliament said in a statement.

    The full chamber must still give its approval and, while it is clear the deal would receive majority backing, it is not certain that lawmakers will vote.

    Parliament faces an end-April deadline but has said it wants to see Britain move on implementing the Northern Ireland protocol.

    If there is no vote this month and provisional application of the agreement is not extended, then the trade deal would cease to apply, leaving Britain and the European Union to trade on World Trade Organization terms with tariffs and quotas.

    Christophe Hansen, a lead lawmaker on post-Brexit ties, said Britain would not agree to another extension, meaning the end of April was a potential cliff edge. But he supported the agreement on Thursday.

    “Plunging our companies into renewed uncertainty would be irresponsible and definitely in nobody’s interest,” he said.

    Parliamentary leaders compromised this week by allowing the committee vote and could still decide to put the trade deal before the full chamber in its April 26-29 session.

    The Brexit impact on Northern Ireland has helped fuel the worst violence in the province for years, but EU-UK rhetoric has dialled down and technical experts from both sides have sought to overcome differences.

    British negotiator David Frost will meet European Commission vice president Maros Sefcovic on Thursday evening. The Commission said the meeting was designed as a stock-taking exercise and to provide a steer for future talks.

    TECHNICAL SUMMARY

    GBP/USD:-

    [​IMG]
    [​IMG]
    TRADE SUGGESTION- BUY AT 1.3780, TAKE PROFIT AT 1.3810 AND STOP LOSS AT 1.3765.

    USD/JPY:-

    [​IMG]
    [​IMG]
    TRADE SUGGESTION- Sell AT 108.80, TAKE PROFIT AT 107.80 AND STOP LOSS AT 109.30.

    USD/CHF:-

    [​IMG]
    [​IMG]
    TRADE SUGGESTION- SELL AT 0.9205, TAKE PROFIT AT 0.9175 AND STOP LOSS AT 0.9220.

    CAC 40:-

    [​IMG]
    [​IMG]
    TRADE SUGGESTION- BUY AT 6250.50, TAKE PROFIT AT 6300.50 AND STOP LOSS AT 6225.50.

    GOLD:-

    [​IMG]
    [​IMG]
    TRADE SUGGESTION- Buy AT 1,760.80, TAKE PROFIT AT 1800.80 AND STOP LOSS AT 1740.80.

    ETHEREUM :-

    [​IMG]
    [​IMG]
    TRADE SUGGESTION- BUY AT 2,415.50, TAKE PROFIT AT 2,465.50 AND STOP LOSS 2,395.50 .
     

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