JamesThatcher and CSFX thread

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

  1. JamesThatcher

    JamesThatcher 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 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 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 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 Member

    Joined:
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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 Member

    Joined:
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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 Member

    Joined:
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  8. JamesThatcher

    JamesThatcher 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 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 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
  11. JamesThatcher

    JamesThatcher Member

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    #31 JamesThatcher, Apr 9, 2021
    Last edited: Apr 13, 2021
  12. JamesThatcher

    JamesThatcher 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 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 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 .
     
  15. CSFX

    CSFX Member

    Joined:
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    TECHNICAL ANALYSIS REPORT – 19 APRIL 2021
    ASIAN MARKET:-

    Mainland Chinese stocks were up by the early morning. The Shanghai Composite was up by 1.26% to 3,469.68. Hong Kong’s Hang Seng Index was up about 0.48% to 29,150.75.

    Japan’s benchmark Nikkei average. Nikkei 225 is trading down 0.04 per cent at 29,671.06 on Monday, while the Australian Index S&P / ASX 200 rose 0.14 per cent to 7,073.71. South Korea’s Kospi was up by 0.03% to 3198.08.

    EUROPEAN MARKET:-

    The FTSE MIB climbed up by 0.88% to 24,744.50 In the cash markets, the DAX futures Germany was trading 1.34% higher at 15,459.25. CAC 40 futures in France climbed up by 0.85% to 6,287.60, while the FTSE 100 futures in the U.K. rose by 0.52% to 7,019.41, at the time of writing.

    US MARKET:-

    In the U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.48% at 34,200.27 the S&P 500 was up 0.36% to 4,185.86 and the Nasdaq 100 was up 0.10% at 14,052.76.

    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 0.16% at $1,777.45. Elsewhere, Silver futures fell 1.00% to $25.843 per ounce, Platinum rose 0.30% at $1,209.90 per ounce, and Palladium was up 0.08% at $2,785.50.

    Brent crude oil was down 0.31% to $66.56 barrel while U.S. West Texas Intermediate (CLc1) fell 0.24% at $63.04.

    CRYPTO-CURRENCY MARKET:-

    In the Cryptocurrency Markets, BTCUSD is at $56,803 up 2.06%, Ethereum at 2,240.18 up 2.74%, Litecoin at 273.442 up 5.74%, at the time of writing.

    TOP STOCKS TO WATCH OUT TODAY:

    [​IMG]
    AstraZeneca down 0.27% at 7380.0, Apple Inc. down 0.25% at $134.16, Amazon up 0.60% at $ 3,399.44, TESLA Inc. up 0.13% at $739.78, Daimler up 2.62% at 77.335., Boeing down 1.17% at $248.18, Unilever down 0.04% at 4164.37.

    Economic news:

    USA MARKET

    [​IMG]
    Fewer than 200,000 businesses in the United States may have failed during the first year of the COVID-19 pandemic, a lighter toll than initially feared and one that may have had relatively little impact on unemployment, according to Federal Reserve research.

    The figure contrasts with the early forecasts that the pandemic would leave America’s “Main Street” desolate as well as with polls that continue to show large percentages of U.S. small business owners are worried about their survival.

    Perhaps 600,000 businesses, most of them small firms, fail in any given year, and U.S. central bank researchers estimated that from March 2020 through February of this year the figure has been perhaps a quarter to a third higher.

    That included 100,000 “excess” failures among firms engaged in close-contact services such as barber shops and nail salons, a sector described by the Fed research group as the sector hardest hit by the economic fallout from the pandemic.

    While potentially devastating for the owners and employees of those firms, “relative to popular discussion … our results may represent an optimistic update to views about pandemic-related business failure,” the authors wrote.

    Offsetting the hit to those services-oriented businesses, they noted, carry-out restaurants, grocery stores and outdoor recreation companies seemed to suffer fewer failures than usual, with the net result being a smaller-than-anticipated blow to the overall economy.

    “Many industries have likely seen lower-than-usual exit rates, and exiting businesses do not appear to represent a large share of U.S. employment,” the researchers wrote.

    The study was the latest to sound a positive note on an economic recovery that has proceeded faster than expected, with top Fed officials confident that much of the potential permanent damage had been avoided. Earlier research had anticipated widespread business failures due to the pandemic, with 400,000 or more small firms going dark.

    Census and other surveys continue to reflect stress among some firms that continue to operate, and the Fed researchers acknowledged that more failures could occur if, for example, banks, landlords and creditors become less flexible with their business tenants as conditions return to normal.

    Nor does the study account for the millions of still-lost jobs at surviving firms that cut staff or reduced operations, or for the disproportionate losses felt among racial or ethnic groups over-represented in the most devastated industries.

    But it does start to put some scope around one of the potential economic scars from the pandemic, and suggests that small businesses appear to have been both more resilient than anticipated, and were propped up effectively by loans from the Paycheck Protection Program and other federal aid.

    EUROZONE:-

    [​IMG]
    Euro zone politicians, courts and policy hawks will pose a stiff challenge this year to the ECB’s resolve to pin down the bloc’s borrowing costs, precisely at a time when higher U.S. Treasury yields are tempting investors away from European markets.

    The European Central Bank has held sovereign debt yields low through bond purchases, and recently increased buying in its 1.85 trillion-euro ($2.22 trillion) emergency stimulus scheme, known as PEPP.

    And it is no longer battling alone to support the euro economy, as the pandemic induced governments to spend more and to create an 800 billion-euro Recovery Fund, seeded by joint European Union borrowing.

    However, an emergency appeal at Germany’s top court has halted the fund’s ratification. The court should decide in the coming weeks on the suit which was brought by five plaintiffs, including the former leader of the far-right Alternative for Germany party.

    Given how far Europe’s recovery lags the United States, delaying the fund could mean “economic disaster”, ECB board member Isabel Schnabel has warned.

    It is most concerning for poorer southern European countries, which stand to benefit the most from disbursements. Their borrowing costs fell last year as the Recovery Fund deal was seen reducing risks for their economies, but yields have started to edge up on concerns that support for these economies may not come soon enough.

    Italy alone could receive a total 250 billion euros from the fund, Credit Suisse estimates.

    “(The ECB) is doing enough, but the game is not over,” said Guy Miller, chief market strategist at Zurich Insurance Group . “They have to remain vigilant, and they will have to make sure to continue to fight.”

    TECHNICAL SUMMARY

    EUR/USD:-

    [​IMG]
    [​IMG]
    TRADE SUGGESTION- BUY AT 1.1980, TAKE PROFIT AT 1.2030 AND STOP LOSS AT 1.1965.

    USD/JPY:-

    [​IMG]
    [​IMG]
    TRADE SUGGESTION- Sell AT 108.50, TAKE PROFIT AT 107.50 AND STOP LOSS AT 109.00.

    USD/CHF:-

    [​IMG]
    [​IMG]
    TRADE SUGGESTION- SELL AT 0.9195, TAKE PROFIT AT 0.9145 AND STOP LOSS AT 0.9220.

    Dax 30:-

    [​IMG]
    [​IMG]
    TRADE SUGGESTION- BUY AT 15,480.50, TAKE PROFIT AT 15,580.50 AND STOP LOSS AT 15,430.50.

    SILVER:-

    [​IMG]
    [​IMG]
    TRADE SUGGESTION- Buy AT 26.070, TAKE PROFIT AT 26.170 AND STOP LOSS AT 26.020.

    ETHEREUM :-

    [​IMG]
    [​IMG]
    TRADE SUGGESTION- BUY AT 2,250.50, TAKE PROFIT AT 2,350.50 AND STOP LOSS 2,200.50 .
     
  16. CSFX

    CSFX Member

    Joined:
    Mar 15, 2021
    Messages:
    149
    Likes Received:
    3
    TECHNICAL ANALYSIS REPORT – 20 APRIL 2021


    ASIAN MARKET:-

    Mainland Chinese stocks were down by the early morning. The Shanghai Composite was down by 0.12% to 3,473.68. Hong Kong’s Hang Seng Index was down about 0.03% to 29,105.75.

    Japan’s benchmark Nikkei average. Nikkei 225 is trading down 1.97 per cent at 29,100.06 on Tuesday, while the Australian Index S&P / ASX 200 fell 0.68 per cent to 7,073.71. South Korea’s Kospi was up by 0.68% to 3220.08.

    EUROPEAN MARKET:-

    The FTSE MIB climbed down by 0.21% to 24,691.46 In the cash markets, the DAX futures Germany was trading 0.59% lower at 15,368.25. CAC 40 futures in France climbed up by 0.15% to 6,296.60, while the FTSE 100 futures in the U.K. fell by 0.28% to 7,000.08, at the time of writing.

    US MARKET:-

    In the U.S. on Wall Street, the Dow Jones Industrial Average closed 0.36% down at 34,077.27 the S&P 500 was down 0.53% to 4,163.28 and the Nasdaq 100 was down 0.98% at 13,914.76.

    FOREX MARKET:-

    In the Forex market, GBPUSD rose 0.12% at 1.3998. The USDJPY was up 0.25% at 108.43. The USDCHF was down 0.02% at 0.9148. EURUSD was up 0.29% at 1.2067, EUR/GBP was up 0.23% at 0.8622, at the time of writing.

    COMMODITY MARKET;-

    In the commodity market, U.S. Gold futures fell 0.09% at $1,769.45. Elsewhere, Silver futures rose 0.50% to $25.968 per ounce, Platinum fell 0.20% at $1,209.05 per ounce, and Palladium was down 0.13% at $2,807.50.

    Brent crude oil was up 0.94% to $67.67 barrel while U.S. West Texas Intermediate (CLc1) rose 0.91% at $64.01.

    CRYPTO-CURRENCY MARKET:-

    In the Cryptocurrency Markets, BTCUSD is at $53,735 down 6.13%, Ethereum at 2,074.18 down 8.40%, Litecoin at 237.442 down 14.16%, at the time of writing.

    TOP STOCKS TO WATCH OUT TODAY:

    [​IMG]
    Barclays down 0.16% at 187.38, Apple Inc. up 0.51% at $134.84, Amazon up 0.60% at $ 3,399.44, TESLA Inc. down 3.40% at $714.78, Vodafone Group down 0.41% at 134.72., Microsoft down 0.77% at $258.74, BioNTech down 1.09% at 122.45.

    Economic news:

    USA MARKET

    [​IMG]
    Two Biden administration agencies have struck a deal to offer 22,000 extra seasonal guestworker visas to employers in the coming months, Bloomberg Law reported on Monday.

    Homeland Security Secretary Alejandro Mayorkas and Labor Secretary Marty Walsh agreed late last week to lift the cap on H-2B visas, the report

    The extra visas for seasonal non-agricultural labor, called the H-2B visas, are in addition to the annual allotment of 66,000 H-2B visas.

    Earlier in April, President Joe Biden allowed a proclamation from his Republican predecessor that had blocked many temporary foreign workers from coming into the United States to expire.

    The Democratic president has rolled back some of former President Donald Trump’s immigration policies since taking office on Jan. 20, including last month revoking a proclamation that had blocked many immigrant visa applicants from entering the United States.

    EUROZONE:-

    [​IMG]
    The UK government will look into the national security implications of U.S. group Nvidia (NASDAQ:NVDA)’s purchase of British chip designer ARM Holdings (LON:ARM), it said on Monday, raising a question mark over the $40 billion deal.

    Digital minister Oliver Dowden said he had issued a so-called intervention notice over the sale of ARM by Japan’s SoftBank to Nvidia.

    Nvidia said it does not believe the deal poses any material national security issues.

    “We will continue to work closely with the British authorities, as we have done since the announcement of this deal,” said Nvidia, the biggest U.S. chip company by market capitalisation.

    ARM is a major player in global semiconductors, a sector fundamental to technologies from artificial intelligence and quantum computing to 5G telecoms networks. Its designs power nearly every smartphone and millions of other devices.

    Semiconductors also underpin critical infrastructure in Britain and are in technology related to defence and national security matters, the government said, adding that officials from the security community had informed the decision to intervene.

    The Competition and Markets Authority (CMA) will assess the competition, jurisdiction and national security impact of the deal, with a report due by July 30, the government sa

    id.

    Dowden will then decide whether to clear the deal, either with or without undertakings from the companies involved, or refer it for a longer, in-depth investigation.

    TECHNICAL SUMMARY
    EUR/USD:-


    [​IMG]
    [​IMG]
    TRADE SUGGESTION- BUY AT 1.1980, TAKE PROFIT AT 1.2030 AND STOP LOSS AT 1.1965.

    USD/JPY:-

    [​IMG]
    [​IMG]
    TRADE SUGGESTION- Sell AT 108.40, TAKE PROFIT AT 107.40 AND STOP LOSS AT 108.90.

    USD/CHF:-

    [​IMG]
    [​IMG]
    TRADE SUGGESTION- SELL AT 0.9145, TAKE PROFIT AT 0.9105 AND STOP LOSS AT 0.9165.

    NASDAQ 100:-

    [​IMG]
    [​IMG]
    TRADE SUGGESTION- BUY AT 13,900.50, TAKE PROFIT AT 14,200.50 AND STOP LOSS AT 13,800.50.

    SILVER:-

    [​IMG]
    [​IMG]
    TRADE SUGGESTION- Buy AT 25.900, TAKE PROFIT AT 26.150 AND STOP LOSS AT 25.775.

    BITCOIN :-

    [​IMG]
    [​IMG]
    TRADE SUGGESTION- SELL AT 54,685.50, TAKE PROFIT AT 51,685.50 AND STOP LOSS 56,185.50 .


     
  17. CSFX

    CSFX Member

    Joined:
    Mar 15, 2021
    Messages:
    149
    Likes Received:
    3
    TECHNICAL ANALYSIS REPORT – 21 APRIL 2021
    ASIAN MARKET:-

    Mainland Chinese stocks were down by the early morning. The Shanghai Composite was down by 0.05% to 3,470.68. Hong Kong’s Hang Seng Index was down about 1.76% to 28,606.75.

    Japan’s benchmark Nikkei average. Nikkei 225 is trading down 2.03 per cent at 28,508.06 on Wednesday, while the Australian Index S&P / ASX 200 fell 0.29 per cent to 6,997.71. South Korea’s Kospi was down by 1.33% to 3177.29.

    EUROPEAN MARKET:-

    The FTSE MIB climbed down by 2.44% to 24,088.46 In the cash markets, the DAX futures Germany was trading 1.55% lower at 15,29.25. CAC 40 futures in France climbed down by 2.09% to 6,165.11, while the FTSE 100 futures in the U.K. fell by 2.00% to 6,859.08, at the time of writing.

    US MARKET:-

    In the U.S. on Wall Street, the Dow Jones Industrial Average closed 0.75% down at 33,821.30 the S&P 500 was down 0.68% to 4,134.94 and the Nasdaq 100 was down 0.92% at 13,786.27.

    FOREX MARKET:-

    In the Forex market, GBPUSD rose 0.04% at 1.3942. The USDJPY was down 0.05% at 108.03. The USDCHF was down 0.01% at 0.9158. EURUSD was down 0.04% at 1.2029, EUR/GBP was down 0.06% at 0.8628, at the time of writing.

    COMMODITY MARKET;-

    In the commodity market, U.S. Gold futures rose 0.51% at $1,787.70. Elsewhere, Silver futures rose 1.23% to $26.157 per ounce, Platinum rose 1.04% at $1,201.05 per ounce, and Palladium was up 0.91% at $2,785.50.

    Brent crude oil was down 0.51% to $66.22 barrel while U.S. West Texas Intermediate (CLc1) fell 0.53% at $62.33.

    CRYPTO-CURRENCY MARKET:-

    In the Cryptocurrency Markets, BTCUSD is at $55,661 up 3.45%, Ethereum at 2,321.18 up 11.90%, Litecoin at 265.442 up 11.46%, at the time of writing.

    TOP STOCKS TO WATCH OUT TODAY:

    [​IMG]
    Barclays down 3.13% at 181.80, Apple Inc. down 1.28% at $133.11, Amazon down 1.28% at $ 3,334.44, TESLA Inc. up 0.61% at $718.99, Toyota Motor flat at 8,418.0, Microsoft down 0.77% at $258.74, SAP down 0.77% at 115.290.

    Economic news:

    USA MARKET

    [​IMG]
    A top Treasury Department official met on Tuesday with 20 top bankers to discuss President Joe Biden’s $2.3 trillion infrastructure plan and ways to use public-private partnerships to expand economic inclusion, the agency said in a statement.

    U.S. Deputy Treasury Secretary Wally Adeyemo told 20 bank chief executives who are members of the nonpartisan Bank Policy Institute research group, that “now is the moment to reimagine and rebuild a new American economy” that rewards work, not wealth, and create a tax code that helps end “profit shifting and tax games.”

    Adeyemo and the CEOs also discussed economic inclusion and ways to improve access to credit for low- and moderate-income communities, particularly with regard to mortgage finance as a pathway to building wealth, the statement said.

    BPI represents the nation’s leading banks, which collectively employ nearly 2 million Americans.

    Adeyemo said Biden’s infrastructure and jobs plan would create millions of well-paying jobs, rebuild infrastructure, and position the U.S. to outcompete China, Treasury said.

    The Biden administration has made ending systemic racism and disparities a central part of its overall economic policy.

    He also focused on the Treasury Department’s continuing review of U.S. economic and financial sanctions policies adopted by former President Donald Trump, and said it was look to identify both “successes and opportunities for change or improvements.”

    Adeyemo told academics and other experts on sanctions earlier this month that he viewed sanctions as a “potential and valuable tool for policymakers” and it was important to ensure they remained a viable option for years to come.

    EUROZONE:-

    [​IMG]
    Britain on Tuesday eased controls designed to prevent a backlog of trucks in southern England caused by new post-Brexit paperwork, saying vehicles taking goods to the European Union would no longer need a special permit to enter the port region.

    The government said the relaxation showed goods transport companies had adapted to the new requirements, and were arriving at the border fully prepared.

    The permit system was introduced in Kent when Britain completed its exit from the EU at the end of 2020 to mitigate fears of trade being brought to a standstill due to ports being blocked by vehicles trying to travel without the correct documentation.

    Before Christmas, thousands of trucks were held up at the port of Dover (NYSE:DOV) as some companies stockpiled ahead of Britain’s departure from the EU and after France shut its borders following an outbreak of a new coronavirus strain, prompting fears of severe disruption when the new Brexit rules came in.

    The government said freight volumes between Britain and the EU were operating at normal levels and cited official data showing a 46% increase in exports in February.

    The same data also showed British goods exports to the EU, excluding non-monetary gold and precious metals, were 41.4% below year-ago levels in January but partially recovered to be 12.5% below year-ago levels in February.

    TECHNICAL SUMMARY

    EUR/USD:-

    [​IMG]
    [​IMG]
    TRADE SUGGESTION- BUY AT 1.2010, TAKE PROFIT AT 1.2060 AND STOP LOSS AT 1.1985.

    USD/JPY:-

    [​IMG]
    [​IMG]
    TRADE SUGGESTION- Sell AT 108.20, TAKE PROFIT AT 107.20 AND STOP LOSS AT 108.70.

    USD/CHF:-

    [​IMG]
    [​IMG]
    TRADE SUGGESTION- SELL AT 0.9175, TAKE PROFIT AT 0.9115 AND STOP LOSS AT 0.9205.

    NASDAQ 100:-

    [​IMG]
    [​IMG]
    TRADE SUGGESTION- BUY AT 13,780.50, TAKE PROFIT AT 14,080.50 AND STOP LOSS AT 13,540.50.

    SILVER:-

    [​IMG]
    [​IMG]
    TRADE SUGGESTION- Buy AT 25.960, TAKE PROFIT AT 26.110 AND STOP LOSS AT 25.935.

    BITCOIN :-

    [​IMG]
    [​IMG]
    TRADE SUGGESTION- SELL AT 55,510.50, TAKE PROFIT AT 57,510.50 AND STOP LOSS 54,510.50 .
     
  18. CSFX

    CSFX Member

    Joined:
    Mar 15, 2021
    Messages:
    149
    Likes Received:
    3
    TECHNICAL ANALYSIS REPORT – 22 APRIL 2021
    ASIAN MARKET:-

    Mainland Chinese stocks were down by the early morning. The Shanghai Composite was down by 0.11% to 3,469.16. Hong Kong’s Hang Seng Index was down about 0.14% to 28,600.75.

    Japan’s benchmark Nikkei average. Nikkei 225 is trading up 1.69 per cent at 29,002.06 on Thursday, while the Australian Index S&P / ASX 200 rose 0.24 per cent to 7,013.71. South Korea’s Kospi was up by 0.41% to 3185.91.

    EUROPEAN MARKET:-

    The FTSE MIB climbed up by 0.30% to 24,161.46 In the cash markets, the DAX futures Germany was trading 0.44% higher at 15,195.25. CAC 40 futures in France climbed up by 0.74% to 6,210.11, while the FTSE 100 futures in the U.K. rose by 0.52% to 6,895.08, at the time of writing.

    US MARKET:-

    In the U.S. on Wall Street, the Dow Jones Industrial Average closed 0.93% up at 34,137.30 the S&P 500 was up 0.93% to 4,173.94 and the Nasdaq 100 was up 1.19% at 13,950.22.

    FOREX MARKET:-

    In the Forex market, GBPUSD rose 0.10% at 1.3944. The USDJPY was down 0.06% at 107.98. The USDCHF was down 0.11% at 0.9159. EURUSD was up 0.10% at 1.2045, EUR/GBP was down 0.01% at 0.8638, at the time of writing.

    COMMODITY MARKET;-

    In the commodity market, U.S. Gold futures rose 0.04% at $1,793.70. Elsewhere, Silver futures fell 0.12% to $26.538 per ounce, Platinum fell 0.03% at $1,216.05 per ounce, and Palladium was up 0.08% at $2,879.50.

    Brent crude oil was down 0.83% to $64.78 barrel while U.S. West Texas Intermediate (CLc1) fell 0.88% at $60.82.

    CRYPTO-CURRENCY MARKET:-

    In the Cryptocurrency Markets, BTCUSD is at $53,852 down 4.13%, Ethereum at 2,415.18 up 3.74%, Litecoin at 259.442 down 2.49%, at the time of writing.

    TOP STOCKS TO WATCH OUT TODAY:

    [​IMG]
    Daimler up 0.01% at 73.645, Apple Inc. up 0.29% at $133.50, Amazon up 0.82% at $ 3,334.44, TESLA Inc. up 0.61% at $718.99, Netflix down 7.40% at 508.90, Microsoft up 0.90% at $260.58 , SAP up 0.95% at 116.390.

    Economic news:

    USA MARKET

    [​IMG]
    President Joe Biden on Wednesday announced tax credits for certain businesses that pay employees who take time off to get COVID-19 shots, a new effort to involve corporate America in his vaccination campaign.

    “I’m calling on every employer, large and small, in every state to give employees the time off they need with pay to get vaccinated,” the Democratic president said.

    The tax credits will apply to businesses with fewer than 500 employees, he said.

    In a speech, Biden also said he expects the United States to reach his 100-day goal of getting 200 million coronavirus vaccine shots in arms by the end of the day, even as the nation faces an increase in infections.

    “Today we hit 200 million shots,” Biden said. “It’s an incredible achievement for the nation.”

    Biden said the vaccine effort is entering a new phase with everyone over age 16 becoming eligible to be vaccinated. Biden said 80% of all seniors have received at least one shot, leading to a dramatic decline in the deaths of elderly Americans.

    “If you’ve been waiting for your turn, wait no longer,” Biden said.

    Biden administration officials said the government plans to reimburse businesses for the cost of giving workers as many as 80 hours in paid time off to get their shots or recover from any side effects.

    The tax credit is for up to $511 per day for each worker, through September. Businesses with fewer than 500 employees employ roughly half of U.S. private-sector workers. The tax credits were authorized under Democratic-backed COVID-19 pandemic relief legislation passed by Congress and signed by Biden over Republican opposition.

    The administration’s chief problem in its response to the pandemic is now shifting from securing enough vaccine supply to persuading enough Americans to seek out the available shots.

    More than half of American adults have had at least one vaccine dose, according to the U.S. Centers for Disease Control and Prevention (CDC). A third of U.S. adults are fully vaccinated, as well as 26% of the population overall.

    The U.S. COVID-19 death toll of more than 568,000 leads the world. The coronavirus is still killing hundreds of Americans daily and many Americans have shown a reluctance to get vaccinated.

    Countries around the world with less successful vaccination campaigns than the United States are dealing with a spike in infections.

    Biden, who has loaned some unused vaccines to Canada and Mexico and donated funds to a multilateral vaccination effort for poor countries, said the White House is still looking at its options for eventually sending vaccines to Canada, Central America and elsewhere. Biden told reporters after his speech that he spoke with Canadian Prime Minister Justin Trudeau earlier on Wednesday.

    “We don’t have enough to be confident to send it abroad now, but I expect we’re going to be able to do that,” Biden said.

    “We’re looking at what is going to be done with some of the vaccines that we are not using. We’ve got to make sure they are safe to be sent.”

    EUROZONE:-

    [​IMG]
    The Bank of England might strengthen its controls on cloud data providers and other technology firms to counter possible risks to the stability of the financial system from the rise of fintech, Deputy Governor Dave Ramsden said.

    The Bank of England (BoE) has expressed concerns before about the reliance by financial firms, especially fintech startups, on third-party technology companies for key parts of their operations, and Ramsden said this scrutiny would intensify.

    “We plan to analyse further whether we need even stronger tools to manage the risk that critical third parties, including potentially cloud and other major tech providers, may pose to the Bank’s … objectives,” Ramsden told the Innovate Finance conference on Wednesday.

    Regulators globally have been tightening scrutiny of outsourced functions as they worry that core services financial firms provide to customers are vulnerable to outages at third parties.

    Britain’s government is keen to promote fintech as an area of growth and hopes that nimbler regulation will enable it to steal a march over the European Union, where British financial firms now have reduced access due to Brexit.

    The BoE has said it will not water down regulatory standards, but does see scope for more streamlined regulation of smaller banks and in some areas of insurance.

    On Monday, finance minister Rishi Sunak asked the BoE to work with the finance ministry on whether the central bank should set up a digital version of sterling to compete with cryptocurrencies, which he dubbed ‘Britcoin’.

    The government is also consulting over proposals to relax stock market listing rules due to a concern that Britain is less attractive than the United States as a listing venue, especially for tech companies whose founders want to keep an sizeable role.

    Ramsden said the BoE had taken a step to make life easier for smaller financial companies on Monday by giving firms more direct ways to access its high-value payments system, which is dominated by major banks and processing companies.

    Other steps included work standardising the identification of businesses involved in financial transactions, and looking at whether artificial intelligence could ease the burden of regulatory compliance.

    TECHNICAL SUMMARY

    EUR/USD:-

    [​IMG]
    [​IMG]
    TRADE SUGGESTION- BUY AT 1.2040, TAKE PROFIT AT 1.2090 AND STOP LOSS AT 1.2015.

    USD/JPY:-

    [​IMG]
    [​IMG]
    TRADE SUGGESTION- Sell AT 107.90, TAKE PROFIT AT 107.50 AND STOP LOSS AT 108.15.

    USD/CHF:-

    [​IMG]
    [​IMG]
    TRADE SUGGESTION- SELL AT 0.9150, TAKE PROFIT AT 0.9100 AND STOP LOSS AT 0.9175.

    NASDAQ 100:-

    [​IMG]
    [​IMG]
    TRADE SUGGESTION- BUY AT 13,930.50, TAKE PROFIT AT 14,030.50 AND STOP LOSS AT 13,880.50.

    SILVER:-

    [​IMG]
    [​IMG]
    TRADE SUGGESTION- Buy AT 26.460, TAKE PROFIT AT 26.660 AND STOP LOSS AT 26.360.

    ETHEREUM:-

    [​IMG]
    TRADE SUGGESTION- SELL AT 2,420.50, TAKE PROFIT AT 2,620.50 AND STOP LOSS 2,320.50 .
     
  19. CSFX

    CSFX Member

    Joined:
    Mar 15, 2021
    Messages:
    149
    Likes Received:
    3
    TECHNICAL ANALYSIS REPORT – 27 APRIL 2021
    ASIAN MARKET:-

    Mainland Chinese stocks were up by the early morning. The Shanghai Composite was down by 0.54% to 3,422.16. Hong Kong’s Hang Seng Index was down about 0.20% to 28,903.75.

    Japan’s benchmark Nikkei average. Nikkei 225 is trading down 0.18 per cent at 29,080.06 on Tuesday, while the Australian Index S&P / ASX 200 fell 0.29 per cent to 7,025.71. South Korea’s Kospi was down by 0.28% to 3,207.91.

    EUROPEAN MARKET:-

    The FTSE MIB climbed up by 0.52% to 24,513.46 In the cash markets, the DAX futures Germany was trading 0.11% higher at 15,296.25. CAC 40 futures in France climbed up by 0.28% to 6,275.52, while the FTSE 100 futures in the U.K. rose by 0.35% to 6,963.08, at the time of writing.

    US MARKET:-

    In the U.S. on Wall Street, the Dow Jones Industrial Average closed 0.18% down at 33,981.57 the S&P 500 was up 0.22% to 4,189.30 and the Nasdaq 100 was up 0.87% at 14,138.78.

    FOREX MARKET:-

    In the Forex market, GBPUSD fell 0.10% at 1.3882. The USDJPY was up 0.18% at 108.28. The USDCHF was up 0.21% at 0.9158. EURUSD was down 0.10% at 1.2071, EUR/GBP was up 0.07% at 0.8695, at the time of writing.

    COMMODITY MARKET;-

    In the commodity market, U.S. Gold futures fell 0.03% at $1,779.70. Elsewhere, Silver futures fell 0.04% to $26.198 per ounce, Platinum fell 0.18% at $1,246.05 per ounce, and Palladium was down 0.14% at $2,928.50.

    Brent crude oil was up 0.54% to $65.36 barrel while U.S. West Texas Intermediate (CLc1) rose 0.50% at $62.22.

    CRYPTO-CURRENCY MARKET:-

    In the Cryptocurrency Markets, BTCUSD is at $53,390.7 rose 1.91%, Ethereum at 2,492.18 up 1.60%, Litecoin at 247.940 up 3.82%, at the time of writing.

    TOP STOCKS TO WATCH OUT TODAY:

    [​IMG]
    AstraZeneca down 0.45% at 7,530.0, Apple Inc. up 0.30% at $134.72, Amazon up 2.04% at $ 3,409.00, TESLA Inc up 1.21% at $738.20, Barclays up 2.25% at 186.08, Microsoft up 0.15% at $261.55 , Daimler up 1.31% at 74.635.

    Economic news:

    USA MARKET

    [​IMG]
    U.S. states and local governments are raring to tap billions of dollars coming their way in new federal stimulus funding, but are anxiously awaiting guidance to determine whether items on their wish lists are allowed.

    U.S. Treasury Department guidance is also expected to clarify states’ ability to cut taxes and may address using stimulus money to pay off debt.

    The $1.9 trillion American Rescue Plan Act, signed by President Joe Biden in March, allocates $350 billion for states, municipalities, counties, tribes, and territories to help repair their coronavirus-damaged budgets and economies. The federal government has a tight deadline to start distributing the money.

    “The clock is certainly ticking. They have to get the money out the door by May 10,” said Mark Ritacco, government affairs director at the National Association of Counties.

    Unlike the $150 billion governments received under last year’s federal CARES Act, which was limited to pandemic-related spending, the new money can be used to replace revenue lost due to the pandemic, provide “premium pay” for essential workers, and to invest in water, sewer, and broadband infrastructure, according to the U.S. Treasury.

    Governments have “tons and tons of questions” about eligible uses for the money including financing other capital improvements that were deferred due to the pandemic and parking stimulus funds in interest bearing accounts, according to Emily Swenson Brock, director of the Government Finance Officers Association’s Federal Liaison Center.

    “There’s just this wide berth of interpretation in the (legislative text) and that’s why we’re a little anxious to see if the Treasury guidance makes limitations or if it allows for greater opportunity,” she said.

    Brock added that several state legislatures are talking about using stimulus money to pay off outstanding debt, a move not addressed in the act.

    New Jersey has identified bonds that could be retired in the next few years if the state “is afforded greater flexibility,” according to Jennifer Sciortino, spokeswoman for the state treasurer’s office.

    “At this point, it is entirely unknown if the federal government will permit us to use funds to pay off existing debts,” she said.

    Illinois Governor J.B. Pritzker wants to use stimulus dollars to take out the remainder of the $3.2 billion his state borrowed last year through the U.S. Federal Reserve’s Municipal Liquidity Facility to ease a cash crunch.

    The act does not allow the money to be used for pensions or to subsidize new state tax cuts.

    The latter prohibition sparked five lawsuits against the Biden administration by Republican attorneys general in several states. Ohio filed the first case on March 17, contending “Congress lacks constitutional authority to limit states’ taxing power in this manner.”

    With the case still pending, the Ohio House of Representatives on Wednesday approved a 2% income tax cut totaling about $380 million over two years.

    Bills have been introduced in 16 other states as of April 6 to cut personal or corporate income taxes, according to the National Conference of State Legislatures.

    U.S. Treasury Secretary Janet Yellen has said nothing in the act prevents tax cuts and that further guidance would be forthcoming.

    EUROZONE:-

    [​IMG]
    The German government has raised its growth forecast for this year to 3.5%, compared with the 3% growth it was expecting back in January, a source said, adding that the upward revision was justified by a stronger-than-expected fourth quarter.

    The source added that the government expected Europe’s largest economy to expand by 3.6% in 2022.

    The economy ministry declined to comment on the figures. The government is due to present its 2021 economic growth forecast on Tuesday.

    Germany’s leading economic institutes said earlier this month they expected the gross domestic product to grow by 3.7% this year and 3.9% in 2022.

    German business morale improved only slightly in April as a third wave of COVID-19 infections and a semiconductor shortage in the motor vehicle sector slowed a recovery in Europe’s largest economy, a survey showed on Monday.

    Export-oriented manufacturers are currently benefiting from higher demand from China and the United States, whereas domestically-focussed services are suffering under extended restrictions to contain the third wave of COVID-19 infections.

    TECHNICAL SUMMARY

    EUR/USD:-

    [​IMG]
    [​IMG]
    TRADE SUGGESTION- BUY AT 1.2065, TAKE PROFIT AT 1.2095 AND STOP LOSS AT 1.2050.

    USD/CAD:-

    [​IMG]
    [​IMG]
    TRADE SUGGESTION- Sell AT 1.2400, TAKE PROFIT AT 1.2360 AND STOP LOSS AT 1.2420.

    USD/CHF:-

    [​IMG]
    [​IMG]
    TRADE SUGGESTION- SELL AT 0.9160, TAKE PROFIT AT 0.9100 AND STOP LOSS AT 0.9190.

    DAX 30:-

    [​IMG]
    [​IMG]
    TRADE SUGGESTION- BUY AT 15,300.50, TAKE PROFIT AT 15,400.50 AND STOP LOSS AT 15,250.50.

    SILVER:-

    [​IMG]
    [​IMG]
    TRADE SUGGESTION- Buy AT 26.170, TAKE PROFIT AT 26.370 AND STOP LOSS AT 26.070.

    BITCOIN:-

    [​IMG]
    [​IMG]
    TRADE SUGGESTION- SELL AT 53,500.50, TAKE PROFIT AT 52,500.50 AND STOP LOSS 54,000.50 .
     
  20. CSFX

    CSFX Member

    Joined:
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    TECHNICAL ANALYSIS REPORT – 28 APRIL 2021
    ASIAN MARKET:-

    Mainland Chinese stocks were down by the early morning. The Shanghai Composite was down by 0.12% to 3,438.16. Hong Kong’s Hang Seng Index was up about 0.15% to 28,944.75.

    Japan’s benchmark Nikkei average. Nikkei 225 is trading up 0.35 per cent at 29,097.06 on Wednesday, while the Australian Index S&P / ASX 200 rose 0.48 per cent to 7,067.71. South Korea’s Kospi was down by 0.80% to 3,187.91.

    EUROPEAN MARKET:-

    The FTSE MIB climbed down by 0.17% to 24,473.46 In the cash markets, the DAX futures Germany was trading 0.31% lower at 15,249.25. CAC 40 futures in France fell down by 0.03% to 6,273.76, while the FTSE 100 futures in the U.K. fell by 0.26% to 6,944.97, at the time of writing.

    US MARKET:-

    In the U.S. on Wall Street, the Dow Jones Industrial Average closed 0.01% up at 3,984.93 the S&P 500 was down 0.02% to 4,186.72 and the Nasdaq 100 was down 0.34% at 14,090.78.

    FOREX MARKET:-

    In the Forex market, GBPUSD fell 0.26% at 1.3877. The USDJPY was up 0.17% at 108.86. The USDCHF was up 0.18% at 0.9151. EURUSD was down 0.10% at 1.2077, EUR/GBP was up 0.20% at 0.8704, at the time of writing.

    COMMODITY MARKET;-

    In the commodity market, U.S. Gold futures fell 0.43% at $1,771.15. Elsewhere, Silver futures fell 1.24% to $26.082 per ounce, Platinum fell 0.78% at $1,223.05 per ounce, and Palladium was down 0.43% at $2,933.50.

    Brent crude oil was down 0.06% to $65.83 barrel while U.S. West Texas Intermediate (CLc1) fell 0.02% at $62.93.

    CRYPTO-CURRENCY MARKET:-

    In the Cryptocurrency Markets, BTCUSD is at $55,044 rose 2.84%, Ethereum at 2,641.41 up 4.95%, Litecoin at 258.682 up 3.17%, at the time of writing.

    TOP STOCKS TO WATCH OUT TODAY:

    [​IMG]
    Adidas down 1.36% at 262.32, Apple Inc. up 0.30% at $134.72, Amazon up 0.25% at $ 3,417.43, TESLA Inc down 4.53% at $704.74, HSBC up 4.17% at 440.40, Microsoft up 0.16% at $261.97 , Unilever down 0.82% at 4,052.5.

    Economic news:

    USA MARKET

    [​IMG]
    The U.S. Consumer Financial Protection Bureau (CFPB) said on Tuesday it was taking immediate action to understand and resolve how “hundreds of thousands” of mortgage borrowers’ bank accounts were debited for duplicate payments after a mortgage servicer announced the error on Monday.

    Texas-based Mr. Cooper, which is the largest U.S. non-bank mortgage servicer, announced an unauthorized April 24 discovery of duplicate-payment drafts from some of its borrowers’ bank accounts in a blog post, adding that it was working on reversing what it called a “payment-processing issue.”

    “The CFPB is taking immediate action to understand and resolve the situation that has affected hundreds of thousands of consumers. The CFPB will use all appropriate tools at our disposal to help ensure harmed consumers receive relief,” Dave Uejio, CFPB acting director, said in a statement.

    The firm said in the post that “all duplicate transaction requests have been stopped. Any impacted customers will not be responsible for any fees or other negative financial impact this may have caused.”

    The drafts did not affect all customers and reflected an unidentified vendor’s error. An investigation found there were no signs of system infiltration or hacking, it said.

    While some affected customers received payment reversals over the weekend, others could expect payments or reversals to be reflected by Tuesday, the firm said.

    The watchdog’s response comes amid ongoing scrutiny of mortgage firms in fear of a looming COVID-related foreclosure crisis, Reuters reported last week.

    EUROZONE:-

    [​IMG]
    The finance ministers of France and Germany support the U.S. government’s idea of a global minimum corporate tax rate of 21%, they said in a joint interview in Zeit Online on Tuesday.

    “I, personally, have nothing against the U.S. proposal,” Germany’s Olaf Scholz was quoted on the weekly newspaper’s website as saying. “If that is the result of negotiations, we would also be agreed,” France’s Bruno Le Maire said, according to Zeit.

    Their Austrian counterpart on Tuesday also welcomed the proposal, floated by U.S. Treasury Secretary Janet Yellen, who said this month she was working with G20 countries to agree on a minimum rate, and put forward a figure of 21%.

    A rate of 12.5% for multinationals had been under discussion for new rules being negotiated at the Organisation for Economic Cooperation and Development.

    Austrian Finance Minister Gernot Bluemel said the U.S. proposal was constructive.

    “This tax fairness must also apply above all between digital and analogue business models,” he said, adding that he hoped for a quick agreement. Austria has a 25% corporate tax rate.

    Scholz and Le Maire are holding talks on Tuesday and, among other issues, are due to discuss tapping money from the European Recovery Fund.

    TECHNICAL SUMMARY

    GBP/USD:-

    [​IMG]
    [​IMG]
    TRADE SUGGESTION- BUY AT 1.3880, TAKE PROFIT AT 1.3920 AND STOP LOSS AT 1.3860.

    USD/CAD:-

    [​IMG]
    [​IMG]
    TRADE SUGGESTION- Sell AT 1.2410, TAKE PROFIT AT 1.2370 AND STOP LOSS AT 1.2430.

    USD/CHF:-

    [​IMG]
    [​IMG]
    TRADE SUGGESTION- SELL AT 0.9150, TAKE PROFIT AT 0.9110 AND STOP LOSS AT 0.9170.

    CAC 40:-

    [​IMG]
    [​IMG]
    TRADE SUGGESTION- BUY AT 6,270.50, TAKE PROFIT AT 6,310.50 AND STOP LOSS AT 6,250.50.

    GOLD:-

    [​IMG]
    [​IMG]
    TRADE SUGGESTION- Buy AT 1770.10, TAKE PROFIT AT 1810.10 AND STOP LOSS AT 1750.10.

    BITCOIN:-

    [​IMG]
    [​IMG]
    TRADE SUGGESTION- SELL AT 55,120.50, TAKE PROFIT AT 54,120.50 AND STOP LOSS 55,620.50 .
     
    #40 CSFX, Apr 28, 2021
    Last edited: May 3, 2021

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