JamesThatcher and CSFX thread

TECHNICAL ANALYSIS REPORT TODAY – 13 SEPTEMBER 2021
Asia Pacific stocks were mostly down on Monday morning. The Shanghai composite is up 0.28% at 3,713.35. Overall, the Singapore MSCI down 1.12% at 352.15. Over in Hong Kong, the Hang Seng Index down 2.03% at 25,610. In Japan, the Nikkei 225 up 0.46% at 30,300, while the Topix index is up 0.48% at 2083.0. South Korea’s Kospi up 0.06% to 3127.40. Australia S&P/ASX 200 up 0.15% at 7417.8.

European equities Friday closing. The DAX futures contract in Germany traded down 0.09% at 15609.81, CAC 40 futures down 0.31% at 6663.78 and the UK 100 futures contract in the U.K. up 0.07% at 7,029.21.

In U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.78% at 34607.73. The S&P 500 down 0.77% at 4458.57 and the Nasdaq 100 up 0.21% at 15482.2, NYSE closes at 16563.47 down 0.60%.

In the Forex market, GBPUSD down 0.04% at 1.38198. The USDJPY up 0.21% at 110.105. The USDCHF up 0.27% at 0.9197. EURUSD down 0.19% at 1.17857, EUR/GBP down 0.09% at 0.8528. The USD/CNY up 0.14% at 6.4541 at the time of writing.

In the commodity market U.S. Gold futures up 0.19% at $1,790.63. Elsewhere, Silver futures down 0.16% to $23.711 per ounce, Platinum up 0.31% at $958.48 per ounce, and Palladium down 0.04% at $2,137.68.

Crude Oil up on Monday; Brent crude oil up 0.99% at $73.58 per barrel while U.S. West Texas Intermediate (CLc1) is up 1.20% at $69.71.

In the Cryptocurrency Markets, BTCUSD at 44819.60 down 2.67%, Ethereum down 3.72% at 3279.02, Litecoin at 176.83 down 3.39%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY:

Nov Inc. up 2.909% at $13.09, General Motors Co. up 2.21% at $49.49, KLA Corp. up 3.29% to $347.83, Biogen Inc. down 6.655% to $300.15, Zoom Video Comm. up 1.906% to $301.50, NVIDIA Corp. up 1.357% at $224.78.

Economic news:

US: U.S. Senator Joe Manchin on Sunday said lawmakers were unlikely to pass their massive budget package by Democrats’ Sept. 27 deadline, adding that he could support a smaller $1.5 trillion bill.

Manchin, a West Virginia moderate who has urged a “pause” on fellow Democrat U.S. President Joe Biden’s $3.5 trillion domestic spending plan, said while he supported some provisions such as universal preschool, he did not back clean energy and other measures.

The plan would also have to include a “competitive tax code” to help pay for it, he told CNN, adding he could support a domestic spending bill costing between $1 trillion and $1.5 trillion.

House Speaker Nancy Pelosi had agreed to hold a Sept. 27 vote on a separate bipartisan $1 trillion infrastructure bill. While Biden and Pelosi had hoped to pass both bills together, centrist House Democrats had objected and pressed for a vote on funding for roads and other projects first.

Eurozone: British businesses demanded that finance minister Rishi Sunak stop raising their taxes and instead offer more help to meet the challenges of Brexit, COVID-19 and climate change when he makes major budget statements next month.

The Confederation of British Industry urged Sunak to “flip business taxation on its head” when he sets out new tax proposals and a three-year spending plan on Oct. 27.

“The lack of detail and pace from the government on some of the big economic choices we must make as a country are the biggest concerns for business,” CBI Director General Tony Danker said in excerpts of a speech to be delivered later on Monday.

Danker told Sunak to stop hitting companies that invest in making their premises less carbon-intensive with increased property tax payments, a quirk of the business rates system.

He also said more needed to be done to boost skills training, speed up the development of new infrastructure projects such as Britain’s delayed high-speed railway and rewrite market rules to attract more private investment.

Important Data: US Federal Budget Balance (Aug) today at 14:00 this time estimated -173B, previously which was -302B. AUSTRALIA House Price Index (QoQ) (Q2) today at 21:30 this time estimated 6.1%, previously which was 5.4%. AUSTRALIA NAB Business Confidence (Aug) today at 21:30 previously which was -8.0. EURO ZONE ECB President Lagarde Speaks today at 9:30.

TECHNICAL SUMMARY

GBPUSD



TRADE SUGGESTION- BUY AT 1.37987, TAKE PROFIT AT 1.38248 AND STOP LOSS AT 1.37805

EURUSD



TRADE SUGGESTION- SELL AT 1.17781, TAKE PROFIT AT 1.17609 AND STOP LOSS AT 1.18013

GBPJPY



TRADE SUGGESTION- BUY AT 151.998, TAKE PROFIT AT 152.256 AND STOP LOSS AT 151.753

CHFJPY



TRADE SUGGESTION- SELL AT 119.548, TAKE PROFIT AT 119.337 AND STOP LOSS AT 119.806

DAX 30



TRADE SUGGESTION- SELL AT 15716.00 TAKE PROFIT AT 15654.1 AND STOP LOSS AT 15757.1

WTI CRUDE OIL



TRADE SUGGESTION- BUY AT 70.22 TAKE PROFIT AT 70.72 AND STOP LOSS AT 69.76

GOLD



TRADE SUGGESTION- SELL AT 1789.44, TAKE PROFIT AT 1781.82 AND STOP AT 1794.30

BTCUSD



TRADE SUGGESTION- SELL AT 44382.14 TAKE PROFIT AT 43705.70 AND STOP AT 45301.20

 

TECHNICAL ANALYSIS REPORT TODAY – 14 SEPTEMBER 2021
Asia Pacific stocks were mostly down on Tuesday morning. The Shanghai composite is down 1.35% at 3,664.57. Overall, the Singapore MSCI up 0.48% at 353.75. Over in Hong Kong, the Hang Seng Index down 1.61% at 25,368. In Japan, the Nikkei 225 up 0.23% at 30,400, while the Topix index is up 0.62% at 2099.0. South Korea’s Kospi up 0.67% to 3148.83. Australia S&P/ASX 200 up 0.16% at 7437.3.

European equities Monday closing. The DAX futures contract in Germany traded up 0.59% at 15701.42, CAC 40 futures up 0.20% at 6676.94 and the UK 100 futures contract in the U.K. down 0.15% at 7,055.30.

In U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.76% at 34869.64. The S&P 500 up 0.23% at 4468.72 and the Nasdaq 100 down 0.04% at 15434.50, NYSE closes at 16635.38 up 0.43%.

In the Forex market, GBPUSD up 0.12% at 1.38545. The USDJPY up 0.09% at 110.038. The USDCHF flat at at 0.9210. EURUSD up 0.05% at 1.18161, EUR/GBP flat at 0.8529. The USD/CNY down 0.07% at 6.4470 at the time of writing.

In the commodity market U.S. Gold futures down 0.03% at $1,792.71. Elsewhere, Silver futures down 0.13% to $23.70 per ounce, Platinum down 0.62% at $959.80 per ounce, and Palladium down 0.86% at $2,068.00.

Crude Oil up on Tuesday; Brent crude oil up 0.45% at $73.96 per barrel while U.S. West Texas Intermediate (CLc1) is up 0.49% at $70.05.

In the Cryptocurrency Markets, BTCUSD at 45859.11 up 2.02%, Ethereum up 1.67% at 3336.51, Litecoin at 179.93 up 0.44%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY:

Marathon Oil Corp. up 7.187% at $12.08, Hess Corp. up 5.342% at $71.39, Moderna Inc. down 6.6% to $419.72, Intel Corp. up 2.136% to $54.99, Microchip Technology Inc. up 2.045% to $160.70, DocuSign Inc. down 2.14% at $271.22.

Economic news:

US: Leading Democrats in the U.S. House of Representatives on Monday proposed a substantial roll-back of former President Donald Trump’s tax cuts, including raising the top tax rate on corporations to 26.5% from the current 21%.

Democrats on the powerful House Ways and Means Committee said they will debate legislation this week that would achieve the changes as part of their broader, $3.5 trillion domestic investment plan.

In an attempt to finance the new spending, the Democratic-led committee will debate a proposal to raise $2.9 trillion in revenue over 10 years, according to a document circulated among members of the panel.

Besides increasing corporate taxes, wealthy individuals would see a jump in their income taxes as well as higher capital gains and estate taxes.

Even if the legislation as proposed passes Congress and is signed by Democratic President Joe Biden, corporate taxes would still be lower than they were before the enactment of the tax cuts pushed through by Republicans in 2017. But the top individual income tax rate would revert to its pre-2017 level.

Eurozone: British firms must do more to take advantage of new export routes opened up by Brexit, trade minister Liz Truss will say on Tuesday, calling for a shift from “defence to offence in trade” to help drive economic growth.

Truss will point to government research showing Britain’s comparative economic advantage – what Britain can do better and more efficiently than its peers – lies in providing digital and financial services to fast-growing Asian economies.

“The path to economic revival does not lie in retreating and retrenching but in free trade and free enterprise,” she will say in a speech, according to advance extracts.

“British employers can only benefit from free trade by selling their products, innovation, capital, and ideas overseas.”

Important Data: US Core CPI (MoM) (Aug) today at 8:30 this time estimated 0.3%, previously which was 0.3%. CANADA Manufacturing Sales (MoM) (Jul) today at 8:30 this time estimated -1.2%, previously which was 2.1%. CHINA Industrial Production (YoY) (Aug) today at 22:00 this time estimated 5.8%, previously which was 6.4%. AUSTRALIA Westpac Consumer Sentiment (Sep) today at 20:30 previously which was -4.4%.

TECHNICAL SUMMARY

GBPUSD



TRADE SUGGESTION- BUY AT 1.38662, TAKE PROFIT AT 1.38914 AND STOP LOSS AT 1.38439

EURUSD



TRADE SUGGESTION- SELL AT 1.1823, TAKE PROFIT AT 1.1796 AND STOP LOSS AT 1.1839

USDJPY



TRADE SUGGESTION- BUY AT 109.964, TAKE PROFIT AT 110.128 AND STOP LOSS AT 109.860

USDCHF



TRADE SUGGESTION- BUY AT 0.9211, TAKE PROFIT AT 0.9232 AND STOP LOSS AT 0.9200

FTSE 100



TRADE SUGGESTION- SELL AT 7045.20 TAKE PROFIT AT 7016.6 AND STOP LOSS AT 7063.9

WTI CRUDE OIL



TRADE SUGGESTION- BUY AT 71.05 TAKE PROFIT AT 71.98 AND STOP LOSS AT 70.47

GOLD



TRADE SUGGESTION- SELL AT 1788.83, TAKE PROFIT AT 1779.81 AND STOP AT 1797.70

ETHEREUM



TRADE SUGGESTION- SELL AT 3311.67 TAKE PROFIT AT 3212.61 AND STOP AT 3374.93

 

TECHNICAL ANALYSIS REPORT TODAY – 15 SEPTEMBER 2021
Asia Pacific stocks were down on Wednesday morning. The Shanghai composite is down 0.55% at 3,642.57. Overall, the Singapore MSCI down 0.58% at 352.05. Over in Hong Kong, the Hang Seng Index down 1.54% at 25,055. In Japan, the Nikkei 225 down 0.16% at 30,350, while the Topix index is down 0.79% at 2082.5. South Korea’s Kospi up 0.15% to 3153.40. Australia S&P/ASX 200 down 0.27% at 7417.0.

European equities Tuesday closing. The DAX futures contract in Germany traded up 0.14% at 15722.99, CAC 40 futures down 0.36% at 6652.98 and the UK 100 futures contract in the U.K. up 0.01% at 7,024.30.

In U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.84% at 34577.58. The S&P 500 down 0.57% at 4443.05 and the Nasdaq 100 up 0.11% at 15422.30, NYSE closes at 16497.23 down 0.83%.

In the Forex market, GBPUSD up 0.15% at 1.38229. The USDJPY down 0.17% at 109.502. The USDCHF down 0.06% at 0.9195. EURUSD up 0.03% at 1.18057, EUR/GBP down 0.05% at 0.85393. The USD/CNY up 0.01% at 6.4385 at the time of writing.

In the commodity market U.S. Gold futures down 0.08% at $1,802.64. Elsewhere, Silver futures down 0.50% to $23.72 per ounce, Platinum down 1.01% at $931.26 per ounce, and Palladium down 0.42% at $1,968.16.

Crude Oil up on Wednesday; Brent crude oil up 0.24% at $74.10 per barrel while U.S. West Texas Intermediate (CLc1) is up 0.01% at $70.06.

In the Cryptocurrency Markets, BTCUSD at 46946.31 down 0.33%, Ethereum down 1.52% at 3384.45, Litecoin at 181.20 down 0.99%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY:

Moderna Inc. up 1.904% at $427.71, Marriott International Inc. up 1.686% at $142.34, MSCI Inc. up 1.558% to $653.27, Comcast Corp. down 7.304% to $55.59, JD.Com Inc. down 2.832% to $77.9, Fiserv Inc. down 2.435% at $107.39.

Economic news:

US: The U.S. House Energy and Commerce Committee voted on Tuesday to give the Federal Trade Commission $1 billion to set up a bureau dedicated to improving data security and privacy and fighting identity theft.

The proposal, which Democrats included in a $3.5 trillion spending measure, would fund a new bureau over 10 years to address “unfair or deceptive acts or practices relating to privacy, data security, identity theft, data abuses, and related matters,” according to a summary released by the panel.

The committee began work on the wide-ranging spending proposal on Monday and was continuing to work on Tuesday evening.

The FTC, which enforces antitrust law, has picked up the job of pushing corporations to better protect consumer data and privacy as it enforces rules against deceptive practices.

Eurozone: British inflation hit a more than nine-year high last month after the biggest monthly jump in the annual rate in at least 24 years, largely due to a one-off boost reflecting the “Eat Out to Help Out” scheme that pushed down restaurant meal prices last year.

Consumer prices rose by 3.2% in annual terms last month after a 2.0% rise in July, the highest rate since March 2012, the Office for National Statistics said.

The 1.2 percentage point rise in the annual rate of inflation in the space of a month marked the sharpest such increase since detailed records started in 1997.

A Reuters poll of economists had pointed to a reading of 2.9% for August.

“Much of this (increase) is likely to be temporary as last year restaurant and café prices fell substantially due to the ‘Eat Out to Help Out’ scheme, while this year prices rose,” said ONS statistician Jonathan Athow.

Important Data: EURO ZONE Industrial Production (MoM) (Jul) today at 8:30 this time estimated 0.6%, previously which was -0.3%. CANADA Core CPI (MoM) (Aug) today at 8:30 previously which was 0.6%. US Crude Oil Inventories today at 10:30 this time estimated -3.544M, previously which was -1.529M. US Cushing Crude Oil Inventories today at 10:30 previously which was 1.918M.

TECHNICAL SUMMARY

GBPUSD



TRADE SUGGESTION- BUY AT 1.38318, TAKE PROFIT AT 1.38568 AND STOP LOSS AT 1.38135

EURUSD



TRADE SUGGESTION- BUY AT 1.1810, TAKE PROFIT AT 1.1842 AND STOP LOSS AT 1.1795

EURGBP



TRADE SUGGESTION- SELL AT 0.85365, TAKE PROFIT AT 0.85276 AND STOP LOSS AT 0.85483

EURJPY



TRADE SUGGESTION- SELL AT 129.311, TAKE PROFIT AT 129.129 AND STOP LOSS AT 129.546

CAC 40



TRADE SUGGESTION- SELL AT 6635.3 TAKE PROFIT AT 6614.8 AND STOP LOSS AT 6655.7

WTI CRUDE OIL



TRADE SUGGESTION- BUY AT 71.11 TAKE PROFIT AT 71.90 AND STOP LOSS AT 70.54

GOLD



TRADE SUGGESTION- BUY AT 1801.24, TAKE PROFIT AT 1808.52 AND STOP AT 1794.46

BTCUSD



TRADE SUGGESTION- BUY AT 46993.57 TAKE PROFIT AT 48022.51 AND STOP AT 45973.39

 

TECHNICAL ANALYSIS REPORT TODAY – 17 SEPTEMBER 2021
Asia Pacific stocks were mixed on Friday morning. The Shanghai composite is down 0.40% at 3,592.82. Overall, the Singapore MSCI up 0.08% at 354.50. Over in Hong Kong, the Hang Seng Index up 0.59% at 24,790. In Japan, the Nikkei 225 up 0.36% at 30,310, while the Topix index is up 0.02% at 2080.5. South Korea’s Kospi up 0.14% to 3134.71. Australia S&P/ASX 200 down 0.78% at 7403.0.

European equities Thursday closing. The DAX futures contract in Germany traded up 0.23% at 15651.75, CAC 40 futures up 0.59% at 6622.60 and the UK 100 futures contract in the U.K. up 0.16% at 7,027.49.

In U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.18% at 34751.33. The S&P 500 down 0.15% at 4473.76 and the Nasdaq 100 up 0.12% at 15535.6, NYSE closes at 16576.77 down 0.30%.

In the Forex market, GBPUSD up 0.12% at 1.38057. The USDJPY up 0.17% at 109.899. The USDCHF down 0.07% at 0.9268. EURUSD up 0.02% at 1.17683, EUR/GBP down 0.03% at 0.85236. The USD/CNY down 0.13% at 6.4494 at the time of writing.

In the commodity market U.S. Gold futures up 0.50% at $1,762.45. Elsewhere, Silver futures up 0.24% to $22.94 per ounce, Platinum up 1.39% at $943.37 per ounce, and Palladium down 1.38% at $2004.50.

Crude Oil mix on Friday; Brent crude oil down 0.16% at $75.49 per barrel while U.S. West Texas Intermediate (CLc1) is flat at $70.87.

In the Cryptocurrency Markets, BTCUSD at 48083.79 up 0.68%, Ethereum down 0.21% at 3563.63, Litecoin at 186.54 up 0.53%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY:

ETSY Inc. up 3.095% at $224.15, Dexcom Inc. up 2.44% at $565.13, A O Smith Corp. down 2.629% to $66.66, Moderna Inc. up 1.425% to $440.65, Baidu Inc. down 1.342% to $159.56, Exelon Corp. down 1.318% at $50.18.

Economic news:

US: When night fell, a clerk at a bustling 24-hour MotoMart flipped a switch from behind the counter.

Electromagnetic locks sealed the doorway. A window sign, now illuminated in red, warned “facial recognition technology in use” and directed customers to “look up at the camera.”

On this recent weeknight, a woman who wanted cigarettes was locked out. Confused at first, she quickly realized that she needed to remove her medical mask. After her unobstructed facial image was scanned into a store computer, then screened against the company’s photo archives of previous customers convicted of store-related crimes, the doors clicked open.

Just a few miles away, across the Missouri state line in Illinois, such screening is against the law under the toughest privacy laws in the country. Private companies must obtain written consent before stockpiling facial images or any biometric identifier – fingerprints, palms, eyes and voice.

Eurozone: European Central Bank (ECB) chief economist Philip Lane revealed in a private meeting with German economists that the ECB expects to hit its 2% inflation goal by 2025, the Financial Times said on Thursday in a report that was partly disputed by the bank.

The ECB had not made this long-term forecast public, meaning Lane could face questions from the public and lawmakers about the report, which suggests he revealed unpublished information to a select group of individuals.

The FT added that Lane told the German economists that the ECB’s “medium-term reference scenario” showed inflation rebounding to 2% soon after the end of its current forecast period.

The ECB, which initially declined to comment, later disputed the story, calling it inaccurate.

“Mr Lane didn’t say in any conversation with analysts that the euro area will reach 2% inflation soon after the end of the ECB’s projection horizon,” an ECB spokesman said in a written statement.

Important Data: EURO ZONE CPI (YoY) (Aug) today at 8:30 this time estimated 3.0%, previously which was 2.2%. US Michigan Consumer Expectations (Sep) today at 10:00 previously which was 65.1. UK CFTC GBP speculative net positions today at 15:30 previously which was -24.5K. AUSTRALIA CFTC AUD speculative net positions today at 15:30 previously which was -70.5K.

TECHNICAL SUMMARY

GBPUSD



TRADE SUGGESTION- SELL AT 1.3793, TAKE PROFIT AT 1.3779 AND STOP LOSS AT 1.3808

EURUSD



TRADE SUGGESTION- SELL AT 1.1769, TAKE PROFIT AT 1.1750 AND STOP LOSS AT 1.1788

USDJPY



TRADE SUGGESTION- SELL AT 109.839, TAKE PROFIT AT 109.748 AND STOP LOSS AT 109.979

USDCHF



TRADE SUGGESTION- BUY AT 0.92715, TAKE PROFIT AT 0.92771 AND STOP LOSS AT 0.92698

NASDAQ 100



TRADE SUGGESTION- BUY AT 15520.99 TAKE PROFIT AT 15606.98 AND STOP LOSS AT 15432.02

WTI CRUDE OIL



TRADE SUGGESTION- BUY AT 72.05 TAKE PROFIT AT 72.84 AND STOP LOSS AT 71.53

GOLD



TRADE SUGGESTION- SELL AT 1764.99, TAKE PROFIT AT 1758.44 AND STOP AT 1769.90

BTC USD



TRADE SUGGESTION- BUY AT 47889.00 TAKE PROFIT AT 48816.52 AND STOP AT 47025.11

 

TECHNICAL ANALYSIS WITH CANDLESTICK CHARTS – 21 SEPTEMBER 2021
Asia Pacific stocks were down on Tuesday morning. The Shanghai Composite is up 0.19% at 3,613.96. Overall, the Singapore MSCI is up 0.35% at 353.95. Over in Hong Kong, the Hang Seng Index down 0.42% at 23,957.00. In Japan, the Nikkei 225 is down 1.85% at 29,790.00, while the Topix index is down 1.44% at 2057.5. South Korea’s Kospi up 0.33% to 3140.51. Australia S&P/ASX 200 up 0.32% at 7271.2.

European equities Monday closing. The DAX futures contract in Germany traded down 2.31% at 15132.06, CAC 40 futures down 1.74% at 6455.82 and the UK 100 futures contract in the U.K. down 0.86% at 6,903.92.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed down 1.78% at 33970.48. The S&P 500 is down 1.70% at 4357.72 and the Nasdaq 100 is up 0.40% at 15073.7, NYSE closes at 16168.16 down 1.78%.

In the Forex market, GBPUSD is up 0.13% at 1.36690. The USDJPY is up 0.12% at 109.508. The USDCHF flat at 0.92716. EURUSD up 0.08% at 1.17344, EUR/GBP up 0.11% at 0.85851. The USD/CNY flat at 6.4655 at the time of writing.

In the commodity market U.S. Gold futures down 0.09% at $1,762.90. Elsewhere, Silver futures up 0.21% to $22.29 per ounce, Platinum up 0.67% at $917.56 per ounce, and Palladium up 0.88% at $1900.50.

Crude Oil mix on Tuesday; Brent crude oil up 0.32% at $74.46 per barrel while U.S. West Texas Intermediate (CLc1) is down 0.55% at $70.30.

In the Cryptocurrency Markets, BTCUSD at 42629.00 down 0.95%, Ethereum up 0.75% at 3002.72, Litecoin at 158.31 up 0.73%, at the time of writing.

TOP STOCKS TO WATCH OUT FOR TODAY:

American Airlines Group Inc. up 3.041% at $20.33, Delta Air Lines Inc. up 1.67% at $40.78, Pfizer Inc. up 0.706% to $44.20, Nucor Corp. down 7.637% to $96.88,

Ford Motor Co. down 5.388% to $12.82, Baidu Inc. down 4.753% at $154.50.

Economic news:

US: Spreads on 10-year U.S. interest rate swaps over Treasuries hit their widest in more than six months due in part to worries about the potential fallout of Chinese property group Evergrande’s financial troubles to the global economy.

In another sign of concern brewing in money markets, analysts cited three-month Libor, which rose to 12.5 basis points, a four-week peak, according to Refinitiv data, which may reflect some stress in the banking system.

Evergrande has been scrambling to raise funds to pay its many lenders, suppliers and investors. Regulators have warned that it’s $305 billion in liabilities could spark broader risks to China’s financial system if its debts are not stabilized.

Spreads of interest rate swaps are typically viewed as indicators of market risk, analysts said. A higher spread suggests market participants are willing to swap their risk exposures, suggesting overall risk aversion.

The spread on 10-year U.S. swaps over benchmark Treasuries rose to 5.25 basis points, from 4 basis points late on Friday. The spread was 3.25 basis points late Monday.

Eurozone: Australia Prime Minister Scott Morrison on Tuesday said any trade talks with the European Union will be worked through in “the weeks and months ahead” as he deals with the fallout of the decision to cancel a $40 billion submarine deal with France.

“It’s not an easy thing to do, to get an agreement with the European Union on trade, I think everyone understands that,” Morrison told reporters in New York, after reaching the United States for a meeting of the leaders of the Quad group.

Australia last week cancelled its order of a fleet of conventional submarines from France and said it would instead build at least eight nuclear-powered submarines with U.S. and British technology, prompting a recall by France of its envoys in the U.S. and Australia.

Important Data: US Building Permits (Aug) today at 8:30 this time estimated 1.6M, previously which was 1.63M. US Current Account (Q2) today at 8:30 this time estimated -191.0B, previously which was -195.7B. US API Weekly Crude Oil Stock at 16:30 previously which was -5.437M. JAPAN BOJ Press Conference today at 23:00.

TECHNICAL SUMMARY

GBPUSD



TRADE SUGGESTION- SELL AT 1.36754, TAKE PROFIT AT 1.36501 AND STOP LOSS AT 1.36934

EURUSD



TRADE SUGGESTION- SELL AT 1.1729, TAKE PROFIT AT 1.1700 AND STOP LOSS AT 1.1749

GBPJPY



TRADE SUGGESTION- SELL AT 149.767, TAKE PROFIT AT 149.283 AND STOP LOSS AT 150.413

CHFJPY



TRADE SUGGESTION- SELL AT 118.101, TAKE PROFIT AT 117.989 AND STOP LOSS AT 118.207

HANG SENG



TRADE SUGGESTION- SELL AT 24114.00 TAKE PROFIT AT 23886.00 AND STOP LOSS AT 24563.00

WTI CRUDE OIL



TRADE SUGGESTION- BUY AT 70.95 TAKE PROFIT AT 71.76 AND STOP LOSS AT 70.32

GOLD



TRADE SUGGESTION- SELL AT 1760.45, TAKE PROFIT AT 1752.07 AND STOP AT 1766.65

BTCUSD



TRADE SUGGESTION- SELL AT 42828.00 TAKE PROFIT AT 41285.51 AND STOP AT 43944.41

 

TECHNICAL ANALYSIS WITH CANDLESTICK CHARTS – 22 SEPTEMBER 2021
Asia Pacific stocks were down on Wednesday morning. The Shanghai composite is up 0.30% at 3,624.52. Overall, the Singapore MSCI down 0.69% at 352.10. Over in Hong Kong, the Hang Seng Index down 0.18% at 24,132.00. In Japan, the Nikkei 225 down 0.84% at 29,510.00, while the Topix index is down 1.12% at 2032.5. South Korea’s Kospi up 0.33% to 3140.51. Australia S&P/ASX 200 up 0.48% at 7308.6.

European equities Tuesday closing. The DAX futures contract in Germany traded down 1.43% at 15348.53, CAC 40 futures up 1.50% at 6552.74 and the UK 100 futures contract in the U.K. up 1.12% at 6,980.99.

In U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.15% at 33919.85. The S&P 500 down 0.08% at 4354.18 and the Nasdaq 100 up 0.10% at 15027.77, NYSE closes at 16184.50 up 0.10%.

In the Forex market, GBPUSD down 0.02% at 1.36539. The USDJPY up 0.31% at 109.54. The USDCHF up 0.06% at 0.9241. EURUSD up 0.01% at 1.17223, EUR/GBP up 0.09% at 0.85864. The USD/CNY flat at 6.4655 at the time of writing.

In the commodity market U.S. Gold futures up 0.25% at $1,778.25. Elsewhere, Silver futures up 1.58% to $22.805 per ounce, Platinum up 0.77% at $961.62 per ounce, and Palladium up 1.63% at $1937.50.

Crude Oil up on Wednesday; Brent crude oil up 0.96% at $75.40 per barrel while U.S. West Texas Intermediate (CLc1) is up 0.07% at $70.35.

In the Cryptocurrency Markets, BTCUSD at 42195.11 up 3.94%, Ethereum up 4.24% at 2883.19, Litecoin at 152.12 up 2.50%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY:

AutoZone Inc. up 3.653% at $1643.07, Twitter Inc. up 3.003% at $62.78, Moderna Inc. up 2.53% to $434.04, Walt Disney Co. down 4.166% to $171.17, Discovery Inc. down 3.317% to $24.19, General Electric Co. down 2.996% at $96.82.

Economic news:

US: Democrats in the House of Representatives passed a bill on Tuesday to fund the U.S. government through Dec. 3 and suspend the nation’s borrowing limit until the end of 2022, sending it to the Senate where Republicans have vowed to block it.

The House vote was 220-211 along party lines. It was unclear how soon the Senate would act.

If Republicans stick by their refusal to support the measure in the Senate, Democrats will have to come up with a new strategy or quickly face the twin problems of a government in partial shutdown that is unable to pay its bills and the risk of a default for the first time in modern history.

House Speaker Nancy Pelosi and Senate Majority Leader Chuck Schumer set the stage on Monday for a showdown with Republicans when they said they would combine spending and debt measures in one bill, despite Senate Republican leader Mitch McConnell’s vow to block an increase in the $28.4 trillion debt ceiling.

Eurozone: The British public’s expectations for inflation over the coming year have shot up by a record amount this month, raising the risk that the Bank of England will send a hawkish message soon, Citi said on Tuesday.

The Citi/YouGov monthly inflation expectations survey showed that public inflation expectations for the next 12 months jumped to 4.1% in September from 3.1% in August, the biggest monthly increase since the survey began more than 15 years ago.

Longer-term inflation expectations for the next five to 10 years rose to 3.8% in September from 3.5% in August.

“Today’s data, especially the movement in long-term expectations, suggest growing risks inflation expectations could become de-anchored to the upside. The sharp increase risks a hawkish response from the (Monetary Policy Committee) this week,” Citi said.

Important Data: US Existing Home Sales (Aug) today at 10:00 this time estimated 5.89M, previously which was 5.99M. US Crude Oil Inventories today at 10:30 this time estimated -2.44M, previously which was -6.422M. US Fed Interest Rate Decision at 14:00 this time estimated 0.25%, previously which was 0.25%. JAPAN Foreign Bonds Buying today at 19:50 previously which was 1761.4B

TECHNICAL SUMMARY

GBPUSD



TRADE SUGGESTION- SELL AT 1.36412, TAKE PROFIT AT 1.36317 AND STOP LOSS AT 1.36611

EURUSD



TRADE SUGGESTION- SELL AT 1.17259, TAKE PROFIT AT 1.17039 AND STOP LOSS AT 1.17453

USDJPY



TRADE SUGGESTION- SELL AT 109.499, TAKE PROFIT AT 109.303 AND STOP LOSS AT 109.658

USDCHF



TRADE SUGGESTION- BUY AT 0.92357, TAKE PROFIT AT 0.92504 AND STOP LOSS AT 0.92280

S&P 500



TRADE SUGGESTION- SELL AT 4365.74 TAKE PROFIT AT 4347.47 AND STOP LOSS AT 4383.03

WTI CRUDE OIL



TRADE SUGGESTION- BUY AT 71.50 TAKE PROFIT AT 72.28 AND STOP LOSS AT 71.00

GOLD



TRADE SUGGESTION- SELL AT 1778.57, TAKE PROFIT AT 1767.04 AND STOP AT 1789.95

ETHEREUM



TRADE SUGGESTION- SELL AT 2952.40 TAKE PROFIT AT 2813.84 AND STOP AT 3046.01

 

TECHNICAL ANALYSIS WITH CANDLESTICK CHARTS – 23 SEPTEMBER 2021
Asia Pacific stocks were mostly up on Thursday morning. The Shanghai Composite is up 0.18% at 3,634.81. Overall, the Singapore MSCI is up 1.62% at 358.10. Over in Hong Kong, the Hang Seng Index is up 0.90% at 24,386.00. In Japan, the Nikkei 225 is up 0.85% at 29,770.00, while the Topix index is flat at 2049.5. South Korea’s Kospi down 0.53% to 3123.72. Australia S&P/ASX 200 up 1.18% at 7382.9.

European equities Wednesday closing. The DAX futures contract in Germany traded up 1.03% at 15506.74, CAC 40 futures up 1.29% at 6637.01 and the UK 100 futures contract in the U.K. up 0.76% at 7,123.60.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed up 1.00% at 34258.33. The S&P 500 up 0.95% at 4395.63 and the Nasdaq 100 up 0.05% at 15204.70, NYSE closes at 16352.18 up 1.04%.

In the Forex market, GBPUSD up 0.20% at 1.36373. The USDJPY up 0.11% at 109.881. The USDCHF up 0.01% at 0.9256. EURUSD up 0.22% at 1.17127, EUR/GBP up 0.11% at 0.85884. The USD/CNY flat at 6.4655 at the time of writing.

In the commodity market U.S. Gold futures down 0.28% at $1,763.19. Elsewhere, Silver futures down 0.22% to $22.611 per ounce, Platinum up 0.51% at $999.62 per ounce, and Palladium up 0.27% at $2033.50.

Crude Oil up on Thursday; Brent crude oil up 0.62% at $76.34 per barrel while U.S. West Texas Intermediate (CLc1) is up 0.36% at $70.60.

In the Cryptocurrency Markets, BTCUSD at 43787.75 up 0.45%, Ethereum up 0.79% at 3103.35, Litecoin at 159.49 down 1.27%, at the time of writing.

TOP STOCKS TO WATCH OUT FOR TODAY:

Marathon Oil Corp. up 5.346% at $12.02, Hess Corp. up 5.215% at $70.82,

FedEx Corp. down 9.121% to $229.08, Facebook down 3.992% to $343.21, Adobe Inc. down 3.067% to $626.08, United Parcel Service Inc. down 2.335% at $185.30.

Economic news:

US: U.S. Treasury Secretary Janet Yellen urged Paschal Donohoe, the finance minister of low-tax Ireland, to take a “once in a generation opportunity” for a global deal that would stop a race to the bottom on corporate tax rates, the Treasury said on Wednesday.

Despite pressure from Yellen and European Union officials, Ireland has not wavered in its opposition as an October deadline approaches to finalize a deal for a global minimum tax of at least 15% — well above Ireland’s 12.5% rate.

Donohoe said on Monday that Ireland was “still some bit away” from joining the Organisation for Economic Cooperation and Development (OECD) tax agreement as he waits to see whether a deeply divided U.S. Congress will accept the Biden administration’s proposed tax increases.

Yellen, during a call with Donohoe, “expressed appreciation for Ireland’s constructive participation” in the OECD tax reform talks, and the two ministers agreed to keep in close communication on the issue, the Treasury said in a statement.

Eurozone: Britain’s central bank looks set to keep interest rates steady later on Thursday as it approaches the end-point of its 895-billion-pound ($1.22 trillion) asset purchase programme and casts a wary eye over surging inflation pressures.

Investors will be keen to see if more Monetary Policy Committee (MPC) members join external member Michael Saunders who voted in August to halt the current year-long programme of asset purchases, which the Bank of England committed to last November.

The BoE is ahead of other major central banks in planning to stop quantitative easing by the end of this year, and half its policymakers judged in August that some preconditions for an interest rate rise had already been met.

Late on Wednesday, the U.S. Federal Reserve cleared the way to reduce its monthly bond purchases and signalled interest rate increases may follow more sooner than expected, with half of its policymakers projecting borrowing costs would rise in 2022.

In August the BoE revised up its forecast for inflation at the end of this year to 4%, reflecting higher energy prices and post-COVID-19 bottlenecks which have intensified this month.

Important Data: EURO ZONE Manufacturing PMI (Sep) today at 4:00 this time estimated 60.3, previously which was 61.4. UK Services PMI today at 4:30 previously which was 55.0. US Initial Jobless Claims at 8:30 this time estimated 320K, previously which was 332K. CANADA Core Retail Sales (MoM) (Jul) today at 08:30 this time estimated -1.5%, previously which was 4.7%.

TECHNICAL SUMMARY

GBPUSD



TRADE SUGGESTION- SELL AT 1.36495, TAKE PROFIT AT 1.36103 AND STOP LOSS AT 1.36866

EURUSD



TRADE SUGGESTION- SELL AT 1.17117, TAKE PROFIT AT 1.16629 AND STOP LOSS AT 1.17493

EURGBP



TRADE SUGGESTION- BUY AT 0.85817, TAKE PROFIT AT 0.85959 AND STOP LOSS AT 0.85744

EURJPY



TRADE SUGGESTION- SELL AT 128.784, TAKE PROFIT AT 128.570 AND STOP LOSS AT 129.094

HANG SENG



TRADE SUGGESTION- BUY AT 24438.00 TAKE PROFIT AT 24574 AND STOP LOSS AT 24175.00

WTI CRUDE OIL



TRADE SUGGESTION- BUY AT 72.20 TAKE PROFIT AT 73.10 AND STOP LOSS AT 71.75

GOLD



TRADE SUGGESTION- SELL AT 1764.02, TAKE PROFIT AT 1753.11 AND STOP AT 1771.49

BTCUSD



TRADE SUGGESTION- SELL AT 44060.00 TAKE PROFIT AT 43261.00 AND STOP AT 44951.12

 

TECHNICAL ANALYSIS WITH CANDLESTICK CHARTS – 24 SEPTEMBER 2021
Asia Pacific stocks were mostly down on Friday morning. The Shanghai composite is down 0.41% at 3,627.71. Overall, the Singapore MSCI down 0.36% at 356.60. Over in Hong Kong, the Hang Seng Index down 0.11% at 24,495.00. In Japan, the Nikkei 225 up 1.11% at 30,100.00, while the Topix index is up 1.29% at 2076.0. South Korea’s Kospi down 0.09% to 3124.73. Australia S&P/ASX 200 down 0.41% at 7340.3.

European equities Thursday closing. The DAX futures contract in Germany traded up 0.88% at 15643.97, CAC 40 futures up 0.98% at 6701.99 and the UK 100 futures contract in the U.K. down 0.07% at 7,078.36.

In U.S. on Wall Street, the Dow Jones Industrial Average closed up 1.48% at 34764.83. The S&P 500 up 1.21% at 4448.99 and the Nasdaq 100 down 0.12% at 15295.30, NYSE closes at 16657.26 up 1.32%.

In the Forex market, GBPUSD down 0.01% at 1.37174. The USDJPY up 0.19% at 110.532. The USDCHF up 0.19% at 0.9255. EURUSD down 0.02% at 1.17365, EUR/GBP up 0.01% at 0.85548. The USD/CNY up 0.02% at 6.4602 at the time of writing.

In the commodity market U.S. Gold futures up 0.71% at $1,755.31. Elsewhere, Silver futures up 1.06% to $22.721 per ounce, Platinum down 0.36% at $986.47 per ounce, and Palladium up 1.28% at $2008.47.

Crude Oil up on Friday; Brent crude oil up 0.32% at $77.48 per barrel while U.S. West Texas Intermediate (CLc1) is up 0.16% at $70.71.

In the Cryptocurrency Markets, BTCUSD at 44432.63 down 1.05%, Ethereum down 1.88% at 3094.78, Litecoin at 161.17 down 1.73%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY:

Marathon Oil Corp. up 5.907% at $12.73, Hess Corp. up 5.479% at $74.70,

Mosaic Co. up 5.395% to $34.97, NVIDIA Corp. up 2.466% to $224.82, Cisco Systems Inc. up 2.107% to $56.69, Microchip Technology Inc. up 2.279% at $165.17.

Economic news:

US: U.S. household wealth jumped to a new high of $141.7 trillion at the end of June, a report from the Federal Reserve showed on Thursday, boosted by stock market gains and a pandemic-induced real-estate boom.

Soaring equity markets fuelled the increase in overall wealth, adding $3.5 trillion to household assets in the second quarter – a period in which the S&P 500 saw a total return of just over 8.5% after factoring in reinvested dividends.

Rising real estate values added around $1.2 trillion, according to the U.S. central bank’s latest quarterly report https://www.federalreserve.gov/releases/z1 on household, business and government financial accounts.

Overall U.S. household wealth rose by $5.9 trillion from the first quarter.

The amount held in household savings deposits fell to $10.6 trillion in the second quarter from $10.8 trillion in the first quarter. Balances in checking accounts rose to $3.6 trillion from $3.3 trillion in the first quarter, the report showed.

Eurozone: Many of the drivers of a recent spike in euro zone inflation are temporary and due to fade in the next year, European Central Bank President Christine Lagarde said in an interview aired on CNBC on Friday.

Euro zone prices have been rebounding faster than expected as the economy reopened after pandemic-induced lockdowns, and several ECB policymakers think inflation will be close to, or even above, the ECB’s target of 2% next year.

Lagarde blamed much of the rise on supply disruptions and said inflation should stabilise next year.

“We think that there will be a return to much more stability in the year to come because many of the causes of higher prices are temporary,” Lagarde said.

“When you look at what’s causing it, a lot of it has to do with energy prices”.

She added “things will fall into place” when new sources of supply are found but cautioned higher energy prices might persist as they related to a transition away from fossil fuels.

Important Data: US New Home Sales (Aug) today at 10:00 this time estimated 714K, previously which was 708K. Germany Ifo Business Climate Index (Sep) today at 4:00 this time estimated 98.9, previously which was 99.4. CANADA Budget Balance (Jul) at 11:00 previously which was -12.71B. EURO ZONE ECB’s Lane Speaks today at 09:15.

TECHNICAL SUMMARY

GBPUSD



TRADE SUGGESTION- SELL AT 1.37203, TAKE PROFIT AT 1.36904 AND STOP LOSS AT 1.37478

EURUSD



TRADE SUGGESTION- SELL AT 1.17310, TAKE PROFIT AT 1.17203 AND STOP LOSS AT 1.17465

GBPJPY



TRADE SUGGESTION- BUY AT 151.662, TAKE PROFIT AT 151.957 AND STOP LOSS AT 151.379

CHFJPY



TRADE SUGGESTION- BUY AT 119.362, TAKE PROFIT AT 119.596 AND STOP LOSS AT 119.230

DOW JONES



TRADE SUGGESTION- SELL AT 34599.00 TAKE PROFIT AT 34499 AND STOP LOSS AT 34746.00

WTI CRUDE OIL



TRADE SUGGESTION- SELL AT 73.32 TAKE PROFIT AT 72.86 AND STOP LOSS AT 73.85

GOLD



TRADE SUGGESTION- SELL AT 1758.71, TAKE PROFIT AT 1741.23 AND STOP AT 1765.63

ETHEREUM



TRADE SUGGESTION- SELL AT 3088.20 TAKE PROFIT AT 2966.83 AND STOP AT 3170.67

 

TECHNICAL ANALYSIS WITH CANDLESTICK CHARTS – 29 SEPTEMBER 2021
Asia Pacific stocks were mostly down on Wednesday morning. The Shanghai composite is down 1.34% at 3,553.98. Overall, the Singapore MSCI down 0.46% at 354.40. Over in Hong Kong, the Hang Seng Index up 0.40% at 24,580.00. In Japan, the Nikkei 225 down 1.34% at 29,520.00, while the Topix index is down 1.00% at 2035.0. South Korea’s Kospi down 1.28% to 3058.36. Australia S&P/ASX 200 down 1.29% at 7181.8.

European equities Tuesday closing. The DAX futures contract in Germany traded down 2.09% at 15248.56, CAC 40 futures down 2.17% at 6506.51 and the UK 100 futures contract in the U.K. down 0.50% at 7,028.09.

In U.S. on Wall Street, the Dow Jones Industrial Average closed down 1.63% at 34300.00. The S&P 500 down 2.04% at 4352.64 and the Nasdaq 100 up 0.44% at 14852.00, NYSE closes at 16328.78 down 1.63%.

In the Forex market, GBPUSD up 0.08% at 1.3544. The USDJPY down 0.02% at 111.465. The USDCHF up 0.01% at 0.9293. EURUSD down 0.02% at 1.16817, EUR/GBP down 0.03% at 0.86242. The USD/CNY up 0.07% at 6.4643 at the time of writing.

In the commodity market U.S. Gold futures up 0.25% at $1,738.61. Elsewhere, Silver futures down 0.41% to $22.332 per ounce, Platinum down 0.08% at $963.20 per ounce, and Palladium up 1.01% at $1897.50.

Crude Oil down on Wednesday; Brent crude oil down 0.60% at $77.69 per barrel while U.S. West Texas Intermediate (CLc1) is down 0.20% at $75.95.

In the Cryptocurrency Markets, BTCUSD at 42183.54 up 2.76%, Ethereum up 3.41% at 2903.66, Litecoin at 144.78 up 2.97%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY:

Electronic Arts. up 1.356% at $133.77, Hewlett Packard Enterprise Co. up 1.286% at $14.18, MSCI Inc. down 6.401% to $597.80, Moderna Inc. down 6.401% to $597.80, ETSY Inc. down 5.948% to $212.35, IHS Markit Ltd. down 5.047% at $116.47.

Economic news:

US: U.S. Treasury Secretary Janet Yellen said on Tuesday she is looking for G20 countries to reach political agreement on a global minimum corporate tax deal at their summit in October and has not ruled out a rate higher than 15%.

Yellen, speaking to the National Association for Business Economics, said the Senate Finance Committee is looking at a “slightly higher” overseas minimum corporate tax rate than the 16.5% passed by the House of Representatives Ways and Means Committee.

“We’ll see where it all shakes out, but my hope is that when reconciliation (legislation) passes, we will come into compliance with this regime, and we’re looking for political agreement to be achieved at the G20 summit at the end of October, and then countries will quickly put this into place,” Yellen said.

Some 134 countries agreed over the summer to support a global minimum tax of at least 15%, but low-tax Ireland has held off on endorsing the deal as it waits to see if the U.S. Congress accepts the Biden administration’s proposed tax increases on corporations and wealthy Americans.

Eurozone: The European Union and China must continue engaging on a number of issues despite differences, the bloc’s foreign policy chief Josep Borrell told his Chinese counterpart Wang Yi in a video call on Tuesday, according to an EU statement.

“The High Representative noted that while disagreements still persisted, the EU and China needed to continue engaging intensively in a number of important areas,” the EU said, adding Borrell underscored the inclusive and cooperative character of Europe’s Indo-Pacific strategy.

China’s foreign minister Wang said that both sides must continue the trend of increased engagement in an effort to boost political trust and manage their differences, according to a statement on the ministry website.

The EU is taking a softer stance on China, one of its most important trade partners, than the United States which has struck a new security deal (AUKUS) with Britain and Australia that is widely seen as designed to counter China’s growing assertiveness in the Pacific.

Important Data: US Crude Oil Inventories today at 10:30 this time estimated -1.652M, previously which was -3.481M. US Crude Oil Inventories today at 10:00 this time estimated 1.4%, previously which was -1.8%. JAPAN Industrial Production (MoM) (Aug) at 19:40 this time estimated -0.5%, previously which was -1.5%. AUSTRALIA Private Sector Credit (MoM) (Aug) today at 21:30 previously which was 0.7%.

TECHNICAL SUMMARY

GBPUSD



TRADE SUGGESTION- SELL AT 1.35489, TAKE PROFIT AT 1.35301 AND STOP LOSS AT 1.35583

EURUSD



TRADE SUGGESTION- SELL AT 1.16775, TAKE PROFIT AT 1.16604 AND STOP LOSS AT 1.16960

GBPJPY



TRADE SUGGESTION- SELL AT 150.938, TAKE PROFIT AT 150.522 AND STOP LOSS AT 151.351

CHFJPY



TRADE SUGGESTION- BUY AT 119.858, TAKE PROFIT AT 120.380 AND STOP LOSS AT 119.641

NASDAQ 100



TRADE SUGGESTION- SELL AT 14848.24 TAKE PROFIT AT 14772.51 AND STOP LOSS AT 14928.35

WTI CRUDE OIL



TRADE SUGGESTION- BUY AT 73.79 TAKE PROFIT AT 74.82 AND STOP LOSS AT 72.92

GOLD



TRADE SUGGESTION- SELL AT 1736.99, TAKE PROFIT AT 1730.90 AND STOP AT 1752.32

BTC USD



TRADE SUGGESTION- SELL AT 42439.00 TAKE PROFIT AT 40738.43 AND STOP AT 44046.17

 

TECHNICAL ANALYSIS WITH CANDLESTICK CHARTS – 30 SEPTEMBER 2021
Asia Pacific stocks were mostly down on Wednesday morning. The Shanghai composite is down 1.34% at 3,553.98. Overall, the Singapore MSCI down 0.46% at 354.40. Over in Hong Kong, the Hang Seng Index up 0.40% at 24,580.00. In Japan, the Nikkei 225 down 1.34% at 29,520.00, while the Topix index is down 1.00% at 2035.0. South Korea’s Kospi down 1.28% to 3058.36. Australia S&P/ASX 200 down 1.29% at 7181.8.

European equities Tuesday closing. The DAX futures contract in Germany traded down 2.09% at 15248.56, CAC 40 futures down 2.17% at 6506.51 and the UK 100 futures contract in the U.K. down 0.50% at 7,028.09.

In U.S. on Wall Street, the Dow Jones Industrial Average closed down 1.63% at 34300.00. The S&P 500 down 2.04% at 4352.64 and the Nasdaq 100 up 0.44% at 14852.00, NYSE closes at 16328.78 down 1.63%.

In the Forex market, GBPUSD up 0.08% at 1.3544. The USDJPY down 0.02% at 111.465. The USDCHF up 0.01% at 0.9293. EURUSD down 0.02% at 1.16817, EUR/GBP down 0.03% at 0.86242. The USD/CNY up 0.07% at 6.4643 at the time of writing.

In the commodity market U.S. Gold futures up 0.25% at $1,738.61. Elsewhere, Silver futures down 0.41% to $22.332 per ounce, Platinum down 0.08% at $963.20 per ounce, and Palladium up 1.01% at $1897.50.

Crude Oil down on Wednesday; Brent crude oil down 0.60% at $77.69 per barrel while U.S. West Texas Intermediate (CLc1) is down 0.20% at $75.95.

In the Cryptocurrency Markets, BTCUSD at 42183.54 up 2.76%, Ethereum up 3.41% at 2903.66, Litecoin at 144.78 up 2.97%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY:

Electronic Arts. up 1.356% at $133.77, Hewlett Packard Enterprise Co. up 1.286% at $14.18, MSCI Inc. down 6.401% to $597.80, Moderna Inc. down 6.401% to $597.80, ETSY Inc. down 5.948% to $212.35, IHS Markit Ltd. down 5.047% at $116.47.

Economic news:

US: U.S. Treasury Secretary Janet Yellen said on Tuesday she is looking for G20 countries to reach political agreement on a global minimum corporate tax deal at their summit in October and has not ruled out a rate higher than 15%.

Yellen, speaking to the National Association for Business Economics, said the Senate Finance Committee is looking at a “slightly higher” overseas minimum corporate tax rate than the 16.5% passed by the House of Representatives Ways and Means Committee.

“We’ll see where it all shakes out, but my hope is that when reconciliation (legislation) passes, we will come into compliance with this regime, and we’re looking for political agreement to be achieved at the G20 summit at the end of October, and then countries will quickly put this into place,” Yellen said.

Some 134 countries agreed over the summer to support a global minimum tax of at least 15%, but low-tax Ireland has held off on endorsing the deal as it waits to see if the U.S. Congress accepts the Biden administration’s proposed tax increases on corporations and wealthy Americans.

Eurozone: The European Union and China must continue engaging on a number of issues despite differences, the bloc’s foreign policy chief Josep Borrell told his Chinese counterpart Wang Yi in a video call on Tuesday, according to an EU statement.

“The High Representative noted that while disagreements still persisted, the EU and China needed to continue engaging intensively in a number of important areas,” the EU said, adding Borrell underscored the inclusive and cooperative character of Europe’s Indo-Pacific strategy.

China’s foreign minister Wang said that both sides must continue the trend of increased engagement in an effort to boost political trust and manage their differences, according to a statement on the ministry website.

The EU is taking a softer stance on China, one of its most important trade partners, than the United States which has struck a new security deal (AUKUS) with Britain and Australia that is widely seen as designed to counter China’s growing assertiveness in the Pacific.

Important Data: US Crude Oil Inventories today at 10:30 this time estimated -1.652M, previously which was -3.481M. US Crude Oil Inventories today at 10:00 this time estimated 1.4%, previously which was -1.8%. JAPAN Industrial Production (MoM) (Aug) at 19:40 this time estimated -0.5%, previously which was -1.5%. AUSTRALIA Private Sector Credit (MoM) (Aug) today at 21:30 previously which was 0.7%.

TECHNICAL SUMMARY



GBPUSD



TRADE SUGGESTION- SELL AT 1.35489, TAKE PROFIT AT 1.35301 AND STOP LOSS AT 1.35583

EURUSD



TRADE SUGGESTION- SELL AT 1.16775, TAKE PROFIT AT 1.16604 AND STOP LOSS AT 1.16960

GBPJPY



TRADE SUGGESTION- SELL AT 150.938, TAKE PROFIT AT 150.522 AND STOP LOSS AT 151.351

CHFJPY



TRADE SUGGESTION- BUY AT 119.858, TAKE PROFIT AT 120.380 AND STOP LOSS AT 119.641

NASDAQ 100



TRADE SUGGESTION- SELL AT 14848.24 TAKE PROFIT AT 14772.51 AND STOP LOSS AT 14928.35

WTI CRUDE OIL



TRADE SUGGESTION- BUY AT 73.79 TAKE PROFIT AT 74.82 AND STOP LOSS AT 72.92

GOLD



TRADE SUGGESTION- SELL AT 1736.99, TAKE PROFIT AT 1730.90 AND STOP AT 1752.32

BTC USD



TRADE SUGGESTION- SELL AT 42439.00 TAKE PROFIT AT 40738.43 AND STOP AT 44046.17

 

TECHNICAL ANALYSIS WITH CANDLESTICK CHARTS – 01 OCTOBER 2021
Asian equities followed Wall Street sharply lower and bonds rallied on Friday. The Shanghai composite is up 0.90% at 3,568.16. Overall, the Singapore MSCI down 1.05% at 349.80. Over in Hong Kong, the Hang Seng Index up 0.17% at 24,565.00. In Japan, the Nikkei 225 down 2.21% at 28,810.00, while the Topix index is down 2.07% at 1988.5. South Korea’s Kospi down 1.59% to 3020.17. Australia S&P/ASX 200 down 2.04% at 7182.3.

European equities Thursday closing. The DAX futures contract in Germany traded down 0.68% at 15260.69, CAC 40 futures down 0.62% at 6520.02 and the UK 100 futures contract in the U.K. down 0.31% at 7,086.43.

In U.S. on Wall Street, the Dow Jones Industrial Average closed down 1.59% at 34843.93. The S&P 500 down 1.19% at 4307.53 and the Nasdaq 100 down 0.41% at 14648.30, NYSE closes at 16144.92 down 1.22%.

In the Forex market, GBPUSD down 0.10% at 1.3458. The USDJPY down 0.02% at 111.229. The USDCHF up 0.05% at 0.9320. EURUSD up 0.03% at 1.1579, EUR/GBP up 0.17% at 0.86031. The USD/CNY down 0.02% at 6.4452 at the time of writing.

In the commodity market U.S. Gold futures down 0.23% at $1,752.51. Elsewhere, Silver futures down 0.53% to $22.067 per ounce, Platinum flat at $962.15 per ounce, and Palladium down 0.44% at $1904.00.

Crude Oil up on Friday; Brent crude oil up 0.08% at $78.38 per barrel while U.S. West Texas Intermediate (CLc1) is up 0.28% at $75.72.

In the Cryptocurrency Markets, BTCUSD at 43945.79 up 0.25%, Ethereum up 0.69% at 3021.44, Litecoin at 155.08 up 1.36%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY:

Netflix Inc. up 1.883% at $610.34, Moderna Inc. up 1.573% at $384.86, ETSY Inc. up 1.296% to $207.96, Carmax Inc. down 12.626% to $127.96, Gap Inc. down 8.023% to $22.70, CSX Corp. down 2.042% at $29.74.

Economic news:

US: Treasury Secretary Janet Yellen on Thursday agreed that any default on U.S. debt would cause irreparable harm as well as an ensuing financial crisis and recession.

Yellen, asked by a member of the House Financial Services Committee if the damage done by failure to meet the federal government’s debt obligations would be “irreparable,” answered: “Yes.”

Her remarks were the latest in a series of dire warnings Yellen has issued as Congress remains deadlocked over the matter of lifting or suspending the debt limit amid wrangling over the legislative agenda of the Democratic majority and Biden administration.

Yellen has said the government will run out of cash around Oct. 18 unless Congress raises the limit on the federal debt, currently capped at $28.4 trillion. After that date, the Treasury would be “simply in an impossible situation,” Yellen said during an appearance before the committee on Thursday. “We won’t be able to pay all of the government’s bills.”

Eurozone: Australia’s Minister for Trade Dan Tehan said on Friday talks with the European Union over a trade deal have been postponed, as a row over Canberra’s decision to cancel a $40 billion deal with France escalates.

Australia last month cancelled a deal with France’s Naval Group to build a fleet of conventional submarines and will instead build at least eight nuclear-powered submarines with U.S. and British technology after striking a trilateral security partnership with those two countries.

The cancellation has angered France, which accused both Australia and the United States of stabbing it in the back. Paris recalled its ambassadors from both Canberra and Washington.

In solidarity with France, European Commission president Ursula von der Leyen has questioned whether the bloc could strike a trade deal with Australia.

Tehan on Friday declined to comment on the role the submarine deal had played in delaying negotiations but confirmed the 12th round of talks scheduled for Oct 12 had been postponed by a month.

Important Data: UK Manufacturing PMI (Sep) today at 4:30 this time estimated 56.3, previously which was 56.3. Germany Manufacturing PMI (Sep) today at 3:55 this time estimated 58.5, previously which was 58.5. CANADA GDP (MoM) (Jul) at 8:30 this time estimated -0.2%, previously which was 0.7%. US ISM Manufacturing PMI (Sep) today at 10:00 this time estimated 59.6, previously which was 59.90.

TECHNICAL SUMMARY

GBPUSD



TRADE SUGGESTION- SELL AT 1.34369, TAKE PROFIT AT 1.34102 AND STOP LOSS AT 1.34683

EURUSD



TRADE SUGGESTION- SELL AT 1.15816, TAKE PROFIT AT 1.15709 AND STOP LOSS AT 1.15940

USDJPY



TRADE SUGGESTION- BUY AT 111.226, TAKE PROFIT AT 111.435 AND STOP LOSS AT 111.125

USDCHF



TRADE SUGGESTION- BUY AT 0.93132, TAKE PROFIT AT 0.93314 AND STOP LOSS AT 0.92987

S&P 500



TRADE SUGGESTION- SELL AT 4277.74 TAKE PROFIT AT 4257.27 AND STOP LOSS AT 4305.63

WTI CRUDE OIL



TRADE SUGGESTION- BUY AT 74.47 TAKE PROFIT AT 75.41 AND STOP LOSS AT 73.78

GOLD



TRADE SUGGESTION- SELL AT 1752.17, TAKE PROFIT AT 1744.43 AND STOP AT 1760.06

LITECOIN USD



TRADE SUGGESTION- SELL AT 163.09 TAKE PROFIT AT 154.68 AND STOP AT 165.89

 

TECHNICAL ANALYSIS WITH CANDLESTICK CHARTS – 04 OCTOBER 2021
Asia Pacific stocks were mostly down on Monday morning. The Shanghai composite is up 0.90% at 3,568.16. Overall, the Singapore MSCI up 1.72% at 355.25. Over in Hong Kong, the Hang Seng Index down 2.35% at 23,994.00. In Japan, the Nikkei 225 down 1.35% at 28,430.00, while the Topix index is down 0.81% at 1971.0. South Korea’s Kospi down 1.62% to 3019.18. Australia S&P/ASX 200 up 1.29% at 7278.3.

European equities Friday closing. The DAX futures contract in Germany traded down 0.68% at 15156.44, CAC 40 futures down 0.04% at 6517.20 and the UK 100 futures contract in the U.K. down 0.36% at 7,031.50.

In U.S. on Wall Street, the Dow Jones Industrial Average closed up 1.43% at 34326.47. The S&P 500 up 1.15% at 4357.05 and the Nasdaq 100 down 0.64% at 14696.6, NYSE closes at 16323.74 up 1.11%.

In the Forex market, GBPUSD down 0.01% at 1.3541. The USDJPY down 0.04% at 111.011. The USDCHF down 0.02% at 0.9303. EURUSD up 0.04% at 1.1597, EUR/GBP up 0.10% at 0.8565. The USD/CNY flat at 6.4452 at the time of writing.

In the commodity market U.S. Gold futures up 0.04% at $1,761.38. Elsewhere, Silver futures up 0.52% to $22.619 per ounce, Platinum down 0.18% at $971.77 per ounce, and Palladium down 0.55% at $1909.00.

Crude Oil mix on Monday; Brent crude oil down 0.15% at $79.02 per barrel while U.S. West Texas Intermediate (CLc1) is up 0.94% at $76.43.

In the Cryptocurrency Markets, BTCUSD at 47671.17 down 1.17%, Ethereum down 1.84% at 3355.30, Litecoin at 166.07 down 2.64%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY:

Merck & Co Inc. up 8.374% at $81.40, Delta Air Lines Inc. up 6.501% at $45.38,

Mosaic Co. up 5.823% to $37.80, Moderna Inc. down 11.373% to $341.09, ETSY Inc. down 1.726% to $204.37, Walmart Inc. down 1.672% at $137.05.

Economic news:

US: Congressional Democrats face the hard work of paring back the White House’s sweeping infrastructure and social agenda in the week ahead, but have yet to agree on a target size for their multi-trillion-dollar spending bill.

Democrats said on Friday that their sweeping bill intended to bolster the social safety net and fight climate change will need to be trimmed from a $3.5 trillion goal, perhaps to closer to $2 trillion, following a visit by the president to Capitol Hill to sell his agenda.

But they have come no closer to agreement on that figure over the weekend.

Progressive (NYSEGR) Democratic Senator Bernie Sanders, chairman of the Senate Budget Committee, told ABC News Sunday that $3.5 trillion “should be a minimum. But I accept there is going to have to be give and take.”

Moderate Democrat Joe Manchin said his top line for the package is $1.5 trillion, while fellow moderate Krysten Sinema has not committed publicly to a number.

Eurozone: Britain will threaten on Monday to dispense with some of the terms of its agreement overseeing post-Brexit trade with Northern Ireland, saying they have become too damaging to retain.

In a speech to the governing Conservative Party conference in the northern English city of Manchester, Brexit minister David Frost will urge the EU to help find an agreed solution to the problems with the deal, according to a party statement.

“He will warn that ‘tinkering at the edges’ will not fix the fundamental problems with the Protocol,” the statement said.

The British government has been urging the bloc for months to renegotiate the terms of the so-called Northern Ireland protocol, which governs trade between Britain and its province, which borders EU member Ireland.

Important Data: US Factory Orders (MoM) (Aug) today at 10:00 this time estimated 1.0%, previously which was 0.4%. AUSTRALIA Retail Sales (MoM) today at 20:30 previously which was -1.7%. AUSTRALIA Trade Balance (Aug) at 20:30 this time estimated 10.65B, previously which was 12.11B. Eurogroup Meetings today at 6:00.

TECHNICAL SUMMARY

GBPUSD



TRADE SUGGESTION- SELL AT 1.35471, TAKE PROFIT AT 1.35129 AND STOP LOSS AT 1.35721

EURUSD



TRADE SUGGESTION- SELL AT 1.16028, TAKE PROFIT AT 1.15857 AND STOP LOSS AT 1.16113

EURGBP



TRADE SUGGESTION- SELL AT 0.85607, TAKE PROFIT AT 0.85474 AND STOP LOSS AT 0.85744

EURJPY



TRADE SUGGESTION- SELL AT 128.833, TAKE PROFIT AT 128.574 AND STOP LOSS AT 129.005

CAC 40



TRADE SUGGESTION- SELL AT 6481.8 TAKE PROFIT AT 6464.8 AND STOP LOSS AT 6513.70

WTI CRUDE OIL



TRADE SUGGESTION- BUY AT 75.40 TAKE PROFIT AT 76.10 AND STOP LOSS AT 74.94

GOLD



TRADE SUGGESTION- SELL AT 1754.70, TAKE PROFIT AT 1746.83 AND STOP AT 1763.35

ETHEREUM



TRADE SUGGESTION- BUY AT 3346.40 TAKE PROFIT AT 3451.38 AND STOP AT 3281.51

 

TECHNICAL ANALYSIS WITH CANDLESTICK CHARTS – 06 OCTOBER 2021
Asia Pacific stocks were down on Wednesday morning. The Shanghai composite is up 0.90% at 3,568.16. Overall, the Singapore MSCI up 0.33% at 353.60. Over in Hong Kong, the Hang Seng Index down 0.28% at 23,986.00. In Japan, the Nikkei 225 down 0.65% at 27,560.00, while the Topix index is up 0.13% at 1946.0. South Korea’s Kospi down 1.00% to 2932.91. Australia S&P/ASX 200 down 0.58% at 7206.5.

European equities Tuesday closing. The DAX futures contract in Germany traded up 1.05% at 15194.49, CAC 40 futures up 1.52% at 6576.29 and the UK 100 futures contract in the U.K. up 0.94% at 7,077.11.

In U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.92% at 34314.68. The S&P 500 up 1.05% at 4345.71 and the Nasdaq 100 down 0.63% at 14585.3, NYSE closes at 16327.08 up 0.79%.

In the Forex market, GBPUSD down 0.14% at 1.36049. The USDJPY up 0.28% at 111.757. The USDCHF up 0.22% at 0.9297. EURUSD down 0.12% at 1.1583, EUR/GBP up 0.07% at 0.8513. The USD/CNY flat at 6.4466 at the time of writing.

In the commodity market U.S. Gold futures down 0.47% at $1,751.13. Elsewhere, Silver futures down 1.01% to $22.38 per ounce, Platinum down 1.10% at $951.38 per ounce, and Palladium down 0.91% at $1900.00.

Crude Oil up on Wednesday; Brent crude oil up 0.34% at $82.82 per barrel while U.S. West Texas Intermediate (CLc1) is up 1.32% at $78.81.

In the Cryptocurrency Markets, BTCUSD at 51568.98 up 0.13%, Ethereum down 0.62% at 3494.31, Litecoin at 174.39 up 0.29%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY:

Netflix Inc. up 5.214% at $634.81, A O Smith Corp. up 4.071% at $63.66,

Marathon Oil Corp. up 3.709% to $15.38, NVIDIA Corp. up 3.644% to $204.51, Equinix Inc. down 3.251% to $760.07, Incyte Corp. down 1.493% at $65.33.

Economic news:

US: President Joe Biden warned on Tuesday that failure to pass his huge social and infrastructure spending package could contribute to America’s decline, while lawmakers in his Democratic Party wrangled over its price tag.

Squabbling Democratic moderates and progressives dealt Biden a setback last week when they failed to move ahead with his proposed $1 trillion infrastructure bill or a planned $3.5 trillion social spending bill, which is now facing cuts.

“These bills are not about left versus right or moderate versus progressive,” Biden said in Michigan, arguing the bills would make the United States more competitive and restore its role as a world leader.

“We’re at risk of losing our edge as a nation … To oppose these investments is to be complicit in America’s decline,” he said.

Democrats fear that if they fail to pass the infrastructure bill they could be punished by angry voters in November 2022 congressional elections. Rebuilding U.S. infrastructure was one of Biden’s main election promises.

Eurozone: The European Central Bank is closely watching inflation expectations and wage developments as predicting the length of disruptions caused the economy’s post-pandemic reopening is difficult, ECB President Christine Lagarde said.

“We should not overreact to supply shortages or rising energy prices, as our monetary policy cannot directly affect those phenomena,” Lagarde said in a speech.

“But we will pay close attention to wage developments and inflation expectations to ensure that inflation expectations are anchored at 2%,” she said.

Lagarde added that she still expected these “frictions” to be transitory, repeating the bank’s long-standing line that the inflation spike will abate next year.

Important Data: US Construction PMI (Sep) today at 4:30 this time estimated 54.0, previously which was 55.2. EURO ZONE Retail Sales (MoM) (Aug) today at 5:00 this time estimated 0.8%, previously which was -2.3%.US ADP Nonfarm Employment Change (Sep) today at 8:15 this time estimated 428K, previously which was 374K. US Crude Oil Inventories today at 6:00 this time estimated -0.418M, previously which was 4.578M.

TECHNICAL SUMMARY

GBPUSD



TRADE SUGGESTION- SELL AT 1.36010, TAKE PROFIT AT 1.35723 AND STOP LOSS AT 1.36283

EURUSD



TRADE SUGGESTION- SELL AT 1.15723, TAKE PROFIT AT 1.15585 AND STOP LOSS AT 1.15873

GBPJPY



TRADE SUGGESTION- BUY AT 151.958, TAKE PROFIT AT 152.386 AND STOP LOSS AT 151.757

CHFJPY



TRADE SUGGESTION- BUY AT 120.098, TAKE PROFIT AT 120.313 AND STOP LOSS AT 119.959

DAX 30



TRADE SUGGESTION- SELL AT 14997.5 TAKE PROFIT AT 14956.2 AND STOP LOSS AT 15031.6

WTI CRUDE OIL



TRADE SUGGESTION- BUY AT 79.13 TAKE PROFIT AT 79.37 AND STOP LOSS AT 79.06

GOLD



TRADE SUGGESTION- SELL AT 1751.52, TAKE PROFIT AT 1743.79 AND STOP AT 1760.29

BTCUSD



TRADE SUGGESTION- BUY AT 51362.00 TAKE PROFIT AT 51698.76 AND STOP AT 51159.02

 

TECHNICAL ANALYSIS WITH CANDLESTICK CHARTS – 07 OCTOBER 2021
Asia Pacific stocks were mostly up on Thursday morning. The Shanghai composite is up 0.90% at 3,568.16. Overall, the Singapore MSCI up 1.06% at 357.55. Over in Hong Kong, the Hang Seng Index up 2.25% at 24,489.00. In Japan, the Nikkei 225 up 1.17% at 27,730.00, while the Topix index is up 0.15% at 1941.5. South Korea’s Kospi up 1.62% to 2955.37. Australia S&P/ASX 200 up 0.11% at 7256.7.

European equities Wednesday closing. The DAX futures contract in Germany traded down 1.46% at 14973.33, CAC 40 futures down 1.26% at 6493.13 and the UK 100 futures contract in the U.K. down 1.15% at 6,995.86.

In U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.30% at 34417.00. The S&P 500 up 0.41% at 4363.56 and the Nasdaq 100 up 0.61% at 14870.8, NYSE closes at 16338.45 up 0.07%.

In the Forex market, GBPUSD down 0.01% at 1.35787. The USDJPY up 0.09% at 111.495. The USDCHF up 0.08% at 0.9280. EURUSD down 0.01% at 1.15519, EUR/GBP up 0.01% at 0.8505. The USD/CNY flat at 6.4466 at the time of writing.

In the commodity market U.S. Gold futures down 0.27% at $1,757.83. Elsewhere, Silver futures down 0.21% to $22.57 per ounce, Platinum down 0.92% at $979.55 per ounce, and Palladium up 0.82% at $1912.50.

Crude Oil mix on Thursday; Brent crude oil up 0.32% at $81.08 per barrel while U.S. West Texas Intermediate (CLc1) is down 1.21% at $77.86.

In the Cryptocurrency Markets, BTCUSD at 54848.8 down 0.90%, Ethereum down 0.79% at 3548.42, Litecoin at 180.53 up 1.23%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY:

CSX Corp. up 3.532% at $32.54, ETSY Inc. up 2.892% at $209.53, PepsiCo Inc. up 2.561% to $154.96, Carmax Inc. up 2.408% to $129.27, Moderna Inc. down 8.94% to $302.42, PVH Corp. down 3.736% at $104.36.

Economic news:

US: U.S. private payrolls increased more than expected in September as COVID-19 infections started subsiding, boosting hiring at restaurants and other high-contact businesses.

The ADP National Employment Report released on Wednesday supported expectations that job growth picked up last month, though it has a poor record predicting the private payrolls count in the Labour Department’s more comprehensive and closely watched employment report.

September’s employment report due on Friday will garner more attention after the Federal Reserve signalled last month that it would likely begin reducing its monthly bond purchases as soon as November. Fed Chair Jerome Powell believes the economy is one “decent” monthly employment report short of meeting the U.S. central bank’s threshold for tapering its bond buying program.

Eurozone: Euro zone retail sales were weaker than expected in August, data showed on Wednesday, as consumers reined in spending on food, drinks and tobacco.

Retail sales, a proxy for consumer demand, in the 19 countries sharing the euro rose 0.3% month-on-month in August and were unchanged from a year earlier, the European Union’s statistics office Eurostat said.

Economists polled by Reuters had expected a 0.8% monthly gain and a 0.4% year-on-year increase.

Eurostat said food, drinks and tobacco sales fell 1.7% month-on-month and by 1.9% year-on-year, holding back the overall index even though sales via mail order and internet shot up. Important Data: US Initial Jobless Claims today at 8:30 this time estimated 348K, previously which was 362K. CANADA Ivey PMI (Sep) today at 10:00 previously which was 66.0. JAPAN Household Spending (YoY) (Aug) today at 19:30 this time estimated -1.5%, previously which was 0.7%. CHINA Caixin Services PMI (Sep) today at 21:45 previously which was 46.7.

TECHNICAL SUMMARY

GBPUSD



TRADE SUGGESTION- SELL AT 1.35900, TAKE PROFIT AT 1.35674 AND STOP LOSS AT 1.36278

EURUSD



TRADE SUGGESTION- SELL AT 1.15620, TAKE PROFIT AT 1.15449 AND STOP LOSS AT 1.15760

USDJPY



TRADE SUGGESTION- BUY AT 111.368, TAKE PROFIT AT 111.622 AND STOP LOSS AT 111.167

USDCHF



TRADE SUGGESTION- SELL AT 0.9265, TAKE PROFIT AT 0.9242 AND STOP LOSS AT 0.9282

S&P 500



TRADE SUGGESTION- SELL AT 4375.74 TAKE PROFIT AT 4359.11 AND STOP LOSS AT 4392.55

WTI CRUDE OIL



TRADE SUGGESTION- BUY AT 76.56 TAKE PROFIT AT 77.44 AND STOP LOSS AT 76.10

GOLD



TRADE SUGGESTION- SELL AT 1762.89, TAKE PROFIT AT 1756.07 AND STOP AT 1775.00

LITECOIN USD



TRADE SUGGESTION- BUY AT 178.59 TAKE PROFIT AT 183.10 AND STOP AT 173.61

 

TECHNICAL ANALYSIS WITH CANDLESTICK CHARTS – 08 OCTOBER 2021
Asia Pacific stocks were mostly up on Friday morning. The Shanghai composite is up 0.90% at 3,568.16. Overall, the Singapore MSCI up 0.13% at 357.30. Over in Hong Kong, the Hang Seng Index down 0.12% at 24,587.00. In Japan, the Nikkei 225 up 1.22% at 28,160.00, while the Topix index is up 0.85% at 1966.0. South Korea’s Kospi down 0.12% to 2955.91. Australia S&P/ASX 200 up 0.75% at 7311.3.

European equities Thursday closing. The DAX futures contract in Germany traded up 1.85% at 15250.86, CAC 40 futures down 1.65% at 6600.20 and the UK 100 futures contract in the U.K. up 1.17% at 7,078.05.

In U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.98% at 34754.95. The S&P 500 up 0.83% at 4399.75 and the Nasdaq 100 down 0.22% at 14872.3, NYSE closes at 16511.80 up 1.06%.

In the Forex market, GBPUSD down 0.06% at 1.36053. The USDJPY up 0.26% at 111.896. The USDCHF up 0.20% at 0.9295. EURUSD up 0.01% at 1.15514, EUR/GBP up 0.11% at 0.8489. The USD/CNY up 0.05% at 6.4497 at the time of writing.

In the commodity market U.S. Gold futures down 0.27% at $1,757.83. Elsewhere, Silver futures down 0.21% to $22.57 per ounce, Platinum down 0.92% at $979.55 per ounce, and Palladium up 0.82% at $1912.50.

Crude Oil up on Friday; Brent crude oil up 0.64% at $82.97 per barrel while U.S. West Texas Intermediate (CLc1) is up 0.80% at $78.48.

In the Cryptocurrency Markets, BTCUSD at 53766.32 down 0.04%, Ethereum down 0.78% at 3560.05, Litecoin at 175.54 down 1.24%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY:

Ford Motor Co. up 5.453% at $14.89, General Motors Co. up 4.654% at $56.44,

Twitter Inc. up 4.373% to $63.97, Kellogg Co. down 2.003% to $63.11, Carnival Corp. down 1.647% to $24.49, CSX Corp. down 1.106% at $32.18.

Economic news:

US: U.S. job growth likely accelerated in September as the summer wave of COVID-19 infections began to subside, fueling demand for high-contact services like dining out, and positioning the Federal Reserve to start scaling back its monthly bond buying.

The Labor Department’s closely watched employment report on Friday would also suggest that an apparent sharp slowdown in economic activity in the third quarter was probably temporary. Still, the labor market and broader economy remain constrained by worker and raw material shortages, wrought by the pandemic.

“With COVID clearly on a downward path again, I think the jobs report should be pretty good,” said James Knightley, chief international economist at ING in New York. “But there are still clearly strains in the job market, in that the labor supply story remains very constrained.”

According to a Reuters survey of economists, nonfarm payrolls likely surged by 500,000 jobs last month, which would leave the level of employment about 4.8 million jobs below its peak in February 2020.

Eurozone: British employers increased pay for new staff by the most since at least the 1990s, according to a survey that will be studied by the Bank of England as it tries to assess how persistent the recent jump in inflation might be.

The Recruitment and Employment Confederation said firms were still seeking to hire in September but staff availability fell sharply again, pushing up starting salaries for permanent and temporary workers by the most in the survey’s 24-year history.

REC Chief Executive Neil Carberry said competition for staff was widespread, from food processing and logistics – including the acute shortage of truck drivers which led to Britain’s recent fuel supply crisis – to office-based jobs.

“We have all seen how labour shortages have affected our everyday lives over the past few weeks, whether that’s an empty petrol station or fewer goods on supermarket shelves,” he said.

Carberry urged the government to do more to encourage business investment, relax post-Brexit immigration rules, avoid barriers to international trade and improve skills training. Important Data: US Average Hourly Earnings (YoY) (YoY) (Sep) today at 8:30 this time estimated 4.6%, previously which was 4.3%. US Nonfarm Payrolls (Sep) today at 8:30 this time estimated 500K, previously which was 235K. US Unemployment Rate (Sep) today at 8:30 this time estimated 5.1%, previously which was 5.2%. CANADA Employment Change (Sep) today at 8:30 this time estimated 65.0K, previously which was 90.2K.

TECHNICAL SUMMARY

GBPUSD



TRADE SUGGESTION- SELL AT 1.35990, TAKE PROFIT AT 1.35716 AND STOP LOSS AT 1.36349

EURUSD



TRADE SUGGESTION- SELL AT 1.15407, TAKE PROFIT AT 1.15357 AND STOP LOSS AT 1.15483

EURJPY



TRADE SUGGESTION- BUY AT 129.196, TAKE PROFIT AT 129.352 AND STOP LOSS AT 129.036

EURGBP



TRADE SUGGESTION- SELL AT 0.8484, TAKE PROFIT AT 0.8467 AND STOP LOSS AT 0.8501

FTSE 100



TRADE SUGGESTION- BUY AT 7083.00 TAKE PROFIT AT 7098.60 AND STOP LOSS AT 7068.20

WTI CRUDE OIL



TRADE SUGGESTION- BUY AT 79.40 TAKE PROFIT AT 79.53 AND STOP LOSS AT 79.36

GOLD



TRADE SUGGESTION- BUY AT 1759.12, TAKE PROFIT AT 1766.81 AND STOP AT 1750.99

BTC USD



TRADE SUGGESTION- BUY AT 54160.00 TAKE PROFIT AT 54658.45 AND STOP AT 53645.60

 

TECHNICAL ANALYSIS WITH CANDLESTICK CHARTS – 12 OCTOBER 2021
Asia Pacific stocks were down on Tuesday morning. The Shanghai composite is down 1.86% at 3,524.84. Overall, the Singapore MSCI down 1.15% at 353.40. Over in Hong Kong, the Hang Seng Index down 1.30% at 28,130.00. In Japan, the Nikkei 225 down 1.30% at 28,130.00, while the Topix index is down 0.95% at 1976.0. South Korea’s Kospi down 1.35% to 2916.38. Australia S&P/ASX 200 down 0.26% at 7280.7.

European equities Monday closing. The DAX futures contract in Germany traded down 0.05% at 15199.14, CAC 40 futures up 0.16% at 6570.55 and the UK 100 futures contract in the U.K. up 0.72% at 7,146.85.

In U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.72% at 34496.07. The S&P 500 down 0.69% at 4361.20 and the Nasdaq 100 down 0.43% at 14636.2, NYSE closes at 16430.06 down 0.53%.

In the Forex market, GBPUSD up 0.09% at 1.36048. The USDJPY down 0.16% at 113.117. The USDCHF down 0.10% at 0.9267. EURUSD up 0.16% at 1.15678, EUR/GBP up 0.11% at 0.8502. The USD/CNY up 0.02% at 6.4519 at the time of writing.

In the commodity market U.S. Gold futures up 0.42% at $1,760.89. Elsewhere, Silver futures up 0.31% to $22.61 per ounce, Platinum up 0.91% at $1015.47 per ounce, and Palladium up 0.17% at $2114.50.

Crude Oil up on Tuesday; Brent crude oil up 0.10% at $83.74 per barrel while U.S. West Texas Intermediate (CLc1) is up 0.70% at $79.52.

In the Cryptocurrency Markets, BTCUSD at 57396.74 down 0.15%, Ethereum down 1.39% at 3494.66, Litecoin at 173.70 down 3.06%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY:

Mosaic Co. up 3.762% at $41.92, Gap Inc. down 4.828% at $22.08, ETSY Inc. down 4.566% to $202.34, Comcast Corp. down 4.534% to $52.22, Seagen Inc. up 0.179% to $162.15, Fiserv Inc. down 3.819% at $103.77.

Economic news:

US: Two dozen countries have joined a U.S.- and EU-led effort to slash methane emissions 30% by 2030 from 2020 levels, giving the emerging global partnership momentum ahead of its launch at the U.N. climate summit in Glasgow later this month.

Nigeria, Japan and Pakistan are among the 24 new signatories to the Global Methane Pledge, which was first announced by the United States and EU in September with the aim of galvanizing rapid climate action before the start of the Scotland summit on Oct. 31.

The pledge will now cover 60% of global GDP and 30% of global methane emissions. If fulfilled, it would have a significant impact on the energy, agriculture and waste sectors responsible for the bulk of methane emissions.

The new signatories include Canada, the Central African Republic, Congo-Brazzaville, Costa Rica, Cote d’Ivoire, the Democratic Republic of the Congo, Micronesia, France, Germany, Guatemala, Guinea, Israel, Japan, Jordan, Kyrgyzstan, Liberia, Malta, Morocco, Nigeria, Pakistan, the Philippines, Rwanda, Sweden and Togo, the U.S. State Department and EU confirmed on Monday.

Eurozone: British employers added 207,000 staff in September, taking their payrolls to a record high shortly before the end of the government’s wage subsidies programme, figures showed on Tuesday.

Separate official data showed the unemployment rate was 4.5% in the three months to August.

Economists polled by Reuters had expected the unemployment rate to fall to 4.5% from 4.6% in the three months to July.

Finance minister Rishi Sunak said the government was committed to helping people find work after the expiry of the furlough scheme which is believed to have covered around 1 million people when it ended on Sept. 30.

Average weekly earnings were 7.2% higher than in the same three months of 2020, slowing from the previous reading of 8.3%

Important Data: US JOLTs Job Openings (Aug) today at 10:00 this time estimated 10.925M, previously which was 10.934M. CHINA Exports (YoY) (Sep) today at 23:00 this time estimated 21%, previously which was 25.6%. CHINA Imports (YoY) (Sep) today at 23:00 this time estimated 20%, previously which was 33.1%. AUSTRALIA HIA New Home Sales (MoM) today at 21:00 previously which was

5.8%.

TECHNICAL SUMMARY

GBPUSD



TRADE SUGGESTION- SELL AT 1.35860, TAKE PROFIT AT 1.35658 AND STOP LOSS AT 1.36108

EURUSD



TRADE SUGGESTION- SELL AT 1.15541, TAKE PROFIT AT 1.15427 AND STOP LOSS AT 1.15679

USDJPY



TRADE SUGGESTION- BUY AT 113.206, TAKE PROFIT AT 113.374 AND STOP LOSS AT 113.026

USDCHF



TRADE SUGGESTION- SELL AT 0.92679, TAKE PROFIT AT 0.92394 AND STOP LOSS AT 0.93012

DAX 30



TRADE SUGGESTION- SELL AT 15091.00 TAKE PROFIT AT 15009.30 AND STOP LOSS AT 15198.40

WTI CRUDE OIL



TRADE SUGGESTION- BUY AT 80.32 TAKE PROFIT AT 80.90 AND STOP LOSS AT 79.81

GOLD



TRADE SUGGESTION- BUY AT 1759.29, TAKE PROFIT AT 1766.89 AND STOP AT 1750.79

LITECOIN USD



TRADE SUGGESTION- SELL AT 173.95 TAKE PROFIT AT 170.87 AND STOP AT 176.90

 

TECHNICAL ANALYSIS WITH CANDLESTICK CHARTS – 14 OCTOBER 2021
Asian stock markets rose, the dollar eased and longer-dated bonds rallied on Thursday. The Shanghai composite is up 0.07% at 3,564.82. Overall, the Singapore MSCI up 1.02% at 366.40. Over in Hong Kong, the Hang Seng Index flat at 24,968.00. In Japan, the Nikkei 225 up 1.39% at 28,530.00, while the Topix index is up 0.71% at 1986.0. South Korea’s Kospi up 1.50% to 2988.64. Australia S&P/ASX 200 up 0.54% at 7311.7.

European equities Wednesday closing. The DAX futures contract in Germany traded up 0.68% at 15249.38, CAC 40 futures up 0.75% at 6597.39 and the UK 100 futures contract in the U.K. up 0.37% at 7,196.2.

In U.S. on Wall Street, the Dow Jones Industrial Average closed flat at 34377.82. The S&P 500 up 0.30% at 4363.79 and the Nasdaq 100 up 0.63% at 14875.6, NYSE closes at 16513.15 up 0.43%.

In the Forex market, GBPUSD up 0.19% at 1.36821. The USDJPY up 0.25% at 113.531. The USDCHF down 0.25% at 0.9215. EURUSD up 0.05% at 1.15968, EUR/GBP down 0.10% at 0.8475. The USD/CNY up 0.15% at 6.4375 at the time of writing.

In the commodity market U.S. Gold futures up 0.02% at $1,792.89. Elsewhere, Silver futures up 0.31% to $23.146 per ounce, Platinum up 0.51% at $1025.71 per ounce, and Palladium up 0.99% at $2133.00.

Crude Oil mix on Thursday; Brent crude oil up 0.64% at $83.87 per barrel while U.S. West Texas Intermediate (CLc1) is down 0.13% at $79.42.

In the Cryptocurrency Markets, BTCUSD at 57835.74 up 0.75%, Ethereum up 0.66% at 3633.09, Litecoin at 180.18 up 1.43%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY:

BlackRock Inc. up 3.781% at $867.81, Discovery Inc. up 3.743% at $25.50, Discovery Inc. up 3.62% to $24.62, United Airlines Holdings Inc. down 3.604% to $47.88, American Express Co. down 3.539% to $168.72, Carnival Corp. down 2.795% at $23.65.

Economic news:

US: Federal Reserve Governor Lael Brainard said Wednesday that U.S. financial regulators will seek to improve Native American communities’ access to credit.

“We will continue to focus on and seek feedback on how to best encourage impactful CRA (Community Reinvestment Act) activities in Indian Country, including for building climate resilience where needed,” Brainard said in prepared remarks.

Brainard was to speak to Oklahoma tribal leaders at a “Fed Listens” event, a series of gatherings meant to create opportunities for communities to tell Fed policymakers about how they experience the economy.

Brainard said the pandemic had worsened longstanding economic disparities between white and Native American families, with native households and businesses facing big challenges in obtaining credit among other difficulties.

Eurozone: British house price growth slowed slightly last month as a tax break on property purchases neared expiry, but a fall in the number of homes being put up for sale looks set to keep pushing up prices, an industry survey showed on Thursday.

The Royal Institution of Chartered Surveyors said its house price balance fell to +68 in September from a downwardly revised +72 in August, matching economists’ forecasts in a Reuters poll.

Britain’s housing market, like those in many other big economies, has boomed over the past year as the COVID-19 pandemic led to increased demand for properties with more space.

British house prices got an extra boost from a tax break on property purchases which expired at the start of this month.

Mortgage lender Halifax reported last week that prices in September were 7.4% up on the year, including a hefty 1.7% monthly jump, the largest since 2007.

RICS said its members thought prices rises would slow over the next few months. But there was an unusually broad consensus that prices and rents would rise further over the year to come, as fewer homes and rental properties come on to the market.

Important Data: US PPI (MoM) (Sep) today at 8:30 this time estimated 0.6%, previously which was 0.7%. CANADA Manufacturing Sales (MoM) (Aug) today at 8:30 this time estimated 0.5%, previously which was -1.5%. US Crude Oil Inventories today at 11:00 this time estimated 0.702M, previously which was 2.346M. US Cushing Crude Oil Inventories today at 11:00 previously which was 1.548M.

TECHNICAL SUMMARY

GBPUSD



TRADE SUGGESTION- BUY AT 1.36815, TAKE PROFIT AT 1.37197 AND STOP LOSS AT 1.36518

EURUSD



TRADE SUGGESTION- SELL AT 1.16016, TAKE PROFIT AT 1.15820 AND STOP LOSS AT 1.16111

GBPJPY



TRADE SUGGESTION- BUY AT 155.347, TAKE PROFIT AT 155.364 AND STOP LOSS AT 155.308

CHFJPY



TRADE SUGGESTION- BUY AT 123.102, TAKE PROFIT AT 123.180 AND STOP LOSS AT 123.070

S&P 500



TRADE SUGGESTION- BUY AT 4376.74 TAKE PROFIT AT 4390.20 AND STOP LOSS AT 4363.22

WTI CRUDE OIL



TRADE SUGGESTION- BUY AT 81.08 TAKE PROFIT AT 81.56 AND STOP LOSS AT 80.71

GOLD



TRADE SUGGESTION- BUY AT 1791.91, TAKE PROFIT AT 1798.66 AND STOP AT 1786.41

ETHEREUM



TRADE SUGGESTION- BUY AT 3623.35 TAKE PROFIT AT 3666.60 AND STOP AT 3559.68

 

TECHNICAL ANALYSIS WITH CANDLESTICK CHARTS – 15 OCTOBER 2021
Asia Pacific stocks were mostly up on Friday morning. The Shanghai Composite is up 0.29% at 3,568.66. Overall, the Singapore MSCI is up 0.14% at 367.40. Over in Hong Kong, the Hang Seng Index 0.65% at 25,130.00. In Japan, the Nikkei 225 is up 1.33% at 28,950.00, while the Topix index is up 1.38% at 2016.0. South Korea’s Kospi is up 0.92% to 3016.21. Australia S&P/ASX 200 up 0.76% at 7367.5.

European equities Thursday closing. The DAX futures contract in Germany traded up 1.40% at 15462.72, CAC 40 futures up 1.33% at 6685.22 and the UK 100 futures contract in the U.K. up 0.23% at 7,239.0.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed up 1.56% at 34912.57. The S&P 500 up 1.71% at 4438.25 and the Nasdaq 100 up 0.20% at 15111.2, NYSE closes at 16744.28 up 1.40%.

In the Forex market, GBPUSD up 0.11% at 1.36854. The USDJPY up 0.26% at 113.976. The USDCHF up 0.01% at 0.9229. EURUSD up 0.10% at 1.16077, EUR/GBP up 0.05% at 0.8481. The USD/CNY down 0.07% at 6.4353 at the time of writing.

In the commodity market U.S. Gold futures down 0.09% at $1,793.91. Elsewhere, Silver futures down 0.14% to $23.459 per ounce, Platinum up 0.31% at $1056.73 per ounce, and Palladium up 0.16% at $2134.50.

Crude Oil up on Friday; Brent crude oil up 0.61% at $84.60 per barrel while U.S. West Texas Intermediate (CLc1) is up 0.38% at $79.72.

In the Cryptocurrency Markets, BTCUSD at 59689.74 up 4.06%, Ethereum up 0.84% at 3622.31, Litecoin at 184.77 up 2.21%, at the time of writing.

TOP STOCKS TO WATCH OUT FOR TODAY:

APA Corp (US) up 6.542% at $26.22, Bank of America Corp. up 4.474% at $45.07,

Western Digital Corp. up 4.317% to $56.55, Boeing Co. down 1.957% to $217.44,

Wells Fargo & Co. down 1.607% to $45.31, Discovery Inc. down 1.381% at $24.28.

Economic news:

US: U.S. President Joe Biden on Thursday signed legislation temporarily raising the government’s borrowing limit to $28.9 trillion, pushing off the deadline for debt default only until December.

Without the increase in the debt ceiling, the U.S. Treasury had estimated it would run out of money to pay the nation’s bills on Oct. 18.

The $480 billion increase in the borrowing limit signed by Biden is expected to be exhausted by Dec. 3.

Following weeks of partisan fighting, the Senate approved the short-term fix last week and the House of Representatives passed it on Tuesday.

Senate Republican leader Mitch McConnell wrote in a letter to Biden after the Senate vote that he would not help Democrats again in raising the debt limit.

McConnell wants Democrats to use a procedural move known as reconciliation, which would not require Republican votes, to raise the borrowing authority. Democrats have rejected that as an option for lifting the cap.

Eurozone: Britain’s plan for a “green industrial revolution” has already attracted billions of pounds of investment, the government said on Thursday ahead of an investment summit in London which will bring together some of the world’s most powerful financiers.

Government data showed that investment worth 5.85 billion pounds ($8.01 billion) had been delivered or committed since November 2020, when Prime Minister Boris Johnson launched a 10-point plan to prioritize green technology and climate goals in Britain’s economic recovery from the COVID-19 pandemic.

The plan targets 42 billion pounds of private investment by 2030 in energy, buildings, transport, innovation, and the natural environment, alongside the creation of 250,000 “green jobs”.

Britain is keen to promote its green credentials before hosting the COP26 U.N. climate conference in Glasgow next month, where it will try to broker a complex international deal to stall rising global temperatures.

The government also wants to attract funding that will help it gain an edge in the developed world’s race to capitalize on the demand for better green technology and the highly skilled, highly-paid jobs that should come with it.

Important Data: US Core Retail Sales (MoM) (Sep) today at 8:30 this time estimated 0.5%, previously which was 1.8%. CANADA Wholesale Sales (MoM) (Aug) today at 8:30 this time estimated 0.5%, previously which was -2.1%. Italian CPI (MoM) (Sep) today at 4:00 this time estimated -0.1%, previously which was 0.4%. EUROZONE Trade Balance (Aug) today at 5:00 this time estimated 16.1B, previously which was 20.7B.

TECHNICAL SUMMARY

GBPUSD



TRADE SUGGESTION- BUY AT 1.36724, TAKE PROFIT AT 1.36906 AND STOP LOSS AT 1.36540

EURUSD



TRADE SUGGESTION- SELL AT 1.16010, TAKE PROFIT AT 1.15840 AND STOP LOSS AT 1.16114

USDJPY



TRADE SUGGESTION- BUY AT 114.077, TAKE PROFIT AT 114.148 AND STOP LOSS AT 113.934

USDCHF



TRADE SUGGESTION- SELL AT 0.92258, TAKE PROFIT AT 0.92072 AND STOP LOSS AT 0.92485

NASDAQ 100



TRADE SUGGESTION- BUY AT 15077.49 TAKE PROFIT AT 15169.83 AND STOP LOSS AT 14995.95

WTI CRUDE OIL



TRADE SUGGESTION- BUY AT 82.07 TAKE PROFIT AT 85.00 AND STOP LOSS AT 81.84

GOLD



TRADE SUGGESTION- BUY AT 1790.29, TAKE PROFIT AT 1798.65 AND STOP AT 1783.34

BTCUSD



TRADE SUGGESTION- BUY AT 59401.07 TAKE PROFIT AT 59588.29 AND STOP AT 59325.61

 

TECHNICAL ANALYSIS WITH CANDLESTICK CHARTS – 18 OCTOBER 2021
Asia Pacific stocks were mostly down on Monday morning. The Shanghai composite is down 0.35% at 3,559.95. Overall, the Singapore MSCI up 0.05% at 367.20. Over in Hong Kong, the Hang Seng Index down 0.45% at 25,203.00. In Japan, the Nikkei 225 down 0.45% at 28,990.00, while the Topix index is down 0.57% at 2016.5. South Korea’s Kospi down 0.24% to 3007.76. Australia S&P/ASX 200 up 0.07% at 7366.9.

European equities Friday closing. The DAX futures contract in Germany traded up 0.81% at 15587.36, CAC 40 futures up 0.63% at 6727.53 and the UK 100 futures contract in the U.K. down 0.20% at 7,229.1.

In U.S. on Wall Street, the Dow Jones Industrial Average closed up 1.09% at 35294.77. The S&P 500 up 0.75% at 4471.38 and the Nasdaq 100 down 0.35% at 15106.2, NYSE closes at 16871.74 up 0.76%.

In the Forex market, GBPUSD down 0.10% at 1.3731. The USDJPY up 0.14% at 114.359. The USDCHF up 0.22% at 0.9250. EURUSD down 0.14% at 1.15789, EUR/GBP up 0.06% at 0.84328. The USD/CNY up 0.05% at 6.4369 at the time of writing.

In the commodity market U.S. Gold futures down up 0.11% at $1,768.17. Elsewhere, Silver futures up 0.20% to $23.308 per ounce, Platinum down 0.25% at $1052.41 per ounce, and Palladium down 0.30% at $2067.88.

Crude Oil up on Monday; Brent crude oil up 1.00% at $85.74 per barrel while U.S. West Texas Intermediate (CLc1) is up 0.39% at $80.03.

In the Cryptocurrency Markets, BTCUSD at 62418.87 up 1.45%, Ethereum up 0.48% at 3863.31, Litecoin at 186.93 up 1.81%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY:

Wells Fargo & Co up 6.776% at $48.38, Goldman Sachs Group Inc. up 3.801% at $406.07, Mastercard Inc. up 3.314% to $356.00, Gap Inc. down 2.639% to $22.14,

Biogen Inc. down 1.427% to $281.19, Facebook down 1.148% at $324.76.

Economic news:

US: U.S. Democratic Senator Joe Manchin from West Virginia slammed fellow lawmaker Bernie Sanders late Friday over his attempts to garner support for President Joe Biden’s multi-trillion-dollar spending package in the latest example of infighting among key lawmakers over the plan.

Manchin tweeted out his concern over the scope of the legislation in response to an editorial from Sanders, an independent senator from Vermont, advocating for it.

On Friday, West Virginia paper the Charleston Gazette-Mail published an editorial from Sanders urging support for the Democratic plan to address wealth inequity, soaring pharmaceutical costs, an increasingly expensive healthcare system and costly childcare.

Eurozone: Bank of England Governor Andrew Bailey sent a fresh signal on Sunday that the British central bank is gearing up to raise interest rates for the first time since the onset of the coronavirus crisis as inflation risks mount.

Bailey said he continued to believe that the recent jump in inflation would be temporary, but that a surge in energy prices would push it higher and make its climb last longer, raising the risk of higher inflation expectations.

“Monetary policy cannot solve supply-side problems – but it will have to act and must do so if we see a risk, particularly to medium-term inflation and to medium-term inflation expectations,” Bailey said during an online panel discussion organised by the Group of 30 consultative group.

“And that’s why we at the Bank of England have signalled, and this is another such signal, that we will have to act,” he said. “But of course, that action comes in our monetary policy meetings.”

Important Data: US Industrial Production (YoY) (Sep) today at 9:15 previously which was 5.95%. CANADA Foreign Securities Purchases (Aug) today at 8:30, previously which was 14.19B. US Federal Budget Balance today at 14:00 previously which was -171B. CANADA Housing Starts (Sep) today at 8:15 this time estimated 255K, previously which was 260.2K.

TECHNICAL SUMMARY

GBPUSD



TRADE SUGGESTION- BUY AT 1.37225, TAKE PROFIT AT 1.37487 AND STOP LOSS AT 1.36882

EURUSD



TRADE SUGGESTION- SELL AT 1.15769, TAKE PROFIT AT 1.15667 AND STOP LOSS AT 1.15956

EURGBP



TRADE SUGGESTION- SELL AT 0.84331, TAKE PROFIT AT 0.84207 AND STOP LOSS AT 0.84578

EURJPY



TRADE SUGGESTION- BUY AT 132.325, TAKE PROFIT AT 132.555 AND STOP LOSS AT 132.271

S&P 500



TRADE SUGGESTION- BUY AT 4454.49 TAKE PROFIT AT 4466.95 AND STOP LOSS AT 4441.40

WTI CRUDE OIL



TRADE SUGGESTION- BUY AT 83.37 TAKE PROFIT AT 83.59 AND STOP LOSS AT 83.29

GOLD



TRADE SUGGESTION- SELL AT 1764.09, TAKE PROFIT AT 1753.43 AND STOP AT 1771.59

LITECOIN USD



TRADE SUGGESTION- BUY AT 187.20 TAKE PROFIT AT 193.09 AND STOP AT 183.54

 

TECHNICAL ANALYSIS WITH CANDLESTICK CHARTS – 19 OCTOBER 2021
Asia Pacific stocks were up on Tuesday morning. The Shanghai Composite is up 0.70% at 3,593.23. Overall, the Singapore MSCI is up 0.53% at 369.40. Over in Hong Kong, the Hang Seng Index is up 1.02% at 25,695.00. In Japan, the Nikkei 225 is up 1.21% at 29,260.00, while the Topix index is up 0.80% at 2028.5. South Korea’s Kospi is up 0.67% to 3026.63. Australia S&P/ASX 200 up 0.25% at 7399.5.

European equities Monday closing. The DAX futures contract in Germany traded down 0.72% at 15474.47, CAC 40 futures up 0.81% at 6673.11 and the UK 100 futures contract in the U.K. up 0.14% at 7,215.2.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed down 1.09% at 35258.62. The S&P 500 up 0.34% at 4486.47 and the Nasdaq 100 down 0.01% at 15302.3, NYSE closes at 16862.00 down 0.06%.

In the Forex market, GBPUSD up 0.34% at 1.37694. The USDJPY down 0.18% at 114.109. The USDCHF down 0.30% at 0.9208. EURUSD up 0.38% at 1.16531, EUR/GBP up 0.12% at 0.84625. The USD/CNY down 0.31% at 6.41 at the time of writing.

In the commodity market U.S. Gold futures up 0.55% at $1,775.42. Elsewhere, Silver futures up 1.27% to $23.48 per ounce, Platinum up 1.29% at $1049.90 per ounce, and Palladium down 0.74% at $2034.00.

Crude Oil up on Tuesday; Brent crude oil up 0.26% at $84.34 per barrel while U.S. West Texas Intermediate (CLc1) is up 0.01% at $80.04.

In the Cryptocurrency Markets, BTCUSD at 62761.29 up 1.17%, Ethereum up 2.55% at 3840.41, Litecoin at 190.68 up 2.78%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY:

Gap Inc. up 4.562% at $23.15, Twitter Inc. up 3.298% at $64.84, Biogen Inc. down 4.076% to $269.73, Walt Disney Co. down 3.015% to $171.14, AES Corp. down 2.294% to $23.85, Amgen Inc. down 2.266% at $203.13.

Economic news:

US: Worries that the U.S. economy is heading into stagflation are overblown, several high-profile bond market investors said Monday at the 2021 Milken Global Conference program.

Stagflation – when stagnant economic activity is combined with high inflation – is “extremely unlikely,” PIMCO Chief Executive Emmanuel Roman said in a panel discussion at the conference, held in Beverly Hills, California.

Other participants in the panel discussion – including PGIM CEO David Hunt; Invesco CEO Martin Flanagan; Elizabeth Burton, chief investment officer for the Employees’ Retirement System of Hawaii; and Scott Minerd, Guggenheim Partners global chief investment officer – largely agreed that the threat of stagflation was remote.

With energy prices on the rise even as the economy remains constrained by supply-chain gridlock, an increasing number of investors have started to fret about the specter of stagflation in recent months.

In the past, a stagflation environment has tended to weigh on stock performance, analysts at Goldman Sachs (NYSE: GS) said in a report published earlier this month.

Eurozone: Britain said on Monday it was intervening in a proposed 6.3 billion-pound ($8.65 billion) takeover by U.S. engineering and aerospace firm Parker-Hannifin (NYSE: PH) of its British rival Meggitt (LON: MGGT), citing national security grounds.

The business minister Kwasi Kwarteng issued a so-called “intervention notice” to review the impact of the takeover.

“The UK is open for business; however, we will take steps to protect our national security, when necessary,” Kwarteng said.

Parker-Hannifin said in August it had agreed to buy London-listed Meggitt and promised a series of commitments, including on UK jobs, in an attempt to fend off concerns about the deal.

The planned takeover was the latest by U.S. investors for British firms which have become attractively priced after the COVID-19 pandemic and Brexit which hit the value of the pound.

Important Data: US Building Permits (Sep) today at 8:30 this time estimated 1.68M, previously which was 1.721M. US API Weekly Crude Oil Stock today at 16:30, previously which was 5.213M. JAPAN Exports (YoY) (Sep) today at 19:50 this time estimated 11%, previously which was 26.2%. JAPAN Trade Balance (Sep) today at 19:50 this time estimated -519.2B, previously which was -637.2B.

TECHNICAL SUMMARY

GBPUSD



TRADE SUGGESTION- BUY AT 1.37548, TAKE PROFIT AT 1.37913 AND STOP LOSS AT 1.37225

EURUSD



TRADE SUGGESTION- BUY AT 1.16339, TAKE PROFIT AT 1.16622 AND STOP LOSS AT 1.16088

GBPJPY



TRADE SUGGESTION- BUY AT 157.080, TAKE PROFIT AT 157.264 AND STOP LOSS AT 156.928

CHFJPY



TRADE SUGGESTION- BUY AT 123.783, TAKE PROFIT AT 123.846 AND STOP LOSS AT 123.7393.

DOW JONES



TRADE SUGGESTION- BUY AT 35108 TAKE PROFIT AT 35259 AND STOP LOSS AT 34884

WTI CRUDE OIL



TRADE SUGGESTION- BUY AT 82.36 TAKE PROFIT AT 82.96 AND STOP LOSS AT 82.03

GOLD



TRADE SUGGESTION- SELL AT 1773.45, TAKE PROFIT AT 1764.71 AND STOP AT 1779.32

ETHEREUM



TRADE SUGGESTION- BUY AT 3816.97 TAKE PROFIT AT 3882.89 AND STOP AT 3732.21