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Re: Technical Analysis | Research Report 9th-oct-2020 By Capital Street Fx

TECHNICAL ANALYSIS REPORT–02 MARCH 2021
Asia Pacific stocks were mostly down Tuesday morning. The Shanghai composite is down 1.56% at 3,496.23. Overall, the Singapore MSCI down 0.18% at 341.05. Over in Hong Kong, the Hang Seng Index down 1.36% to 28,849. In Japan, the Nikkei 225 down 0.57% at 29,410, while the Topix index is down 0.24% at 1894.5. South Korea’s Kospi up 1.14% to 3047.39. Australia S&P/ASX 200 down 0.40% at 6762.3.

European equities Monday closing. The DAX futures contract in Germany traded 1.64% up at 14012.82, CAC 40 futures up 1.57% at 5792.8 and the UK 100 futures contract in the U.K. up 1.62% at 6,588.5.

In U.S. on Wall Street, the Dow Jones Industrial Average closed 1.95% up at 31535.5 the S&P 500 up 2.38% to 3901.8 and the Nasdaq 100 down 0.37% at 13268.2, NYSE closes at 15327.77 up 2.11%.

In the Forex market, GBPUSD down 0.24% at 1.38920. The USDJPY up 0.07% at 106.832. The USDCHF up 0.10% at 0.91583. EURUSD down 0.20% at 1.20248, EUR/GBP up 0.06% at 0.86564. The USD/CNY up 0.11% at 6.4722, at the time of writing.

In the commodity market U.S Gold futures down 0.36% at $1,717.85. Elsewhere, Silver futures down 1.47% to $26.159 per ounce, Platinum down 0.59% at $1176.45 per ounce, and Palladium down 0.30% to $2,353.50.

Crude Oil down on Tuesday; Brent crude oil down 0.33% to $63.00 barrel while U.S. West Texas Intermediate (CLc1) is down 1.39% at $61.53.

In the Cryptocurrency Markets, BTCUSD at 48374.13 down 2.53%, Ethereum at 1539.42 down 2.06%, Litecoin at 171.54 down 2.75%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY:

ETSY Inc. up 11.037% at $244.58, INVESCO Ltd. up 10.348% at $24.74, TESLA Inc. up 6.355% to $718.43, DISCOVERY Inc. up 9.712% to $58.18, CARNIVAL Corp. down 1.645% to $26.31, APACHE Corp. down 1.064% at $19.52.

Economic news:

US: The U.S. Senate will begin debating President Joe Biden’s $1.9 trillion coronavirus relief bill this week, Senate Majority Leader Chuck Schumer said on Monday.

In remarks on the Senate floor, Schumer, a Democrat, did not say when the chamber might vote on the bill.

Eurozone: Banks in the European Union would have to publish a ground breaking “green asset ratio” (GAR) as a core measure of their climate-friendly business activities from next year, the EU’s banking watchdog proposed on Monday.

As the trend in sustainable investing gathers pace, regulators want investors to get more reliable information on a bank’s exposures to climate change as storms and other weather events affect the value of their assets and liabilities.

The European Banking Authority (EBA) said the ratio, put out to formal public consultation on Monday, will measure the amount of climate-friendly loans, advances and debt securities compared to total assets on a lender’s balance sheet to reach a percent figure.

“I believe it’s the first-time regulators are asking for a green asset ratio,” said Piers Haben, EBA’s director of banking, markets, innovation and consumers.

Important Data: UK Nationwide HPI (YoY) (Feb) today at 2:00 this time estimated -0.3%, previously which was -0.3%. German Unemployment Change (Feb) today at 3:55 this time estimated -13K, previously which was -41K. CANADA GDP (MoM) (Dec) today at 8:30 this time estimated 0.3%, previously which was 0.7%. AUSTRALIA GDP (QoQ) (Q4) today at 19:30 this time estimated 2.5%, previously which was 3.3%.

TECHNICAL SUMMARY

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Re: Technical Analysis | Research Report 9th-oct-2020 By Capital Street Fx

TECHNICAL ANALYSIS REPORT–04 MARCH 2021
Asia Pacific stocks were down Thursday morning. The Shanghai composite is down 1.66% at 3,517.96. Overall, the Singapore MSCI up 0.30% at 345.40. Over in Hong Kong, the Hang Seng Index down 2.45% to 28,963. In Japan, the Nikkei 225 down 2.22% at 29,940, while the Topix index is down 1.00% at 1884.0. South Korea’s Kospi down 1.15% to 3047.57. Australia S&P/ASX 200 up 0.84% at 6760.7.

European equities Wednesday closing. The DAX futures contract in Germany traded 0.29% up at 14080.03, CAC 40 futures up 0.35% at 5830.1 and the UK 100 futures contract in the U.K. up 0.93% at 6,675.5.

In U.S. on Wall Street, the Dow Jones Industrial Average closed 0.39% down at 31270.1 the S&P 500 down 1.31% to 3819.7 and the Nasdaq 100 down 2.88% at 12683.3, NYSE closes at 15199.19 down 0.51%.

In the Forex market, GBPUSD up 0.04% at 1.39550. The USDJPY up 0.08% at 107.097. The USDCHF down 0.05% at 0.91936. EURUSD down 0.04% at 1.20574, EUR/GBP up 0.03% at 0.864. The USD/CNY down 0.01% at 6.4670, at the time of writing.

In the commodity market U.S Gold futures up 0.36% at $1,717.09. Elsewhere, Silver futures up 0.30% to $26.134 per ounce, Platinum up 0.419% at $1168.48 per ounce, and Palladium up 0.30% to $2,361.00.

Crude Oil up on Thursday; Brent crude oil up 1.02% to $64.53 barrel while U.S. West Texas Intermediate (CLc1) is up 2.12% at $62.01.

In the Cryptocurrency Markets, BTCUSD at 49329.23 down 2.07%, Ethereum at 1552.34 down 1.00%, Litecoin at 186.87 down 0.44%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY:

CARNIVAL Corp. up 3.915% at $28.67, ETSY Inc. down 12.507% at $208.61, DEXCOM Inc. down 5.922% to $368.7, FINSERV Inc. up 0.104% to $115.8, MODERNA Inc. down 10.619% to $131.22, KARFT HEINZ Co. up 1.769% at $37.98.

Economic news:

US: Racial and gender disparities lead to trillions of dollars in lost economic activity and a full recovery from the crisis caused by the pandemic will require structural changes that make it easier for women and minorities to find better paying jobs,

Philadelphia Federal Reserve Bank President Patrick Harker.

Black and Hispanic workers are experiencing unemployment rates that are sometimes twice as high as that of white workers, and women are leaving the workforce at higher rates than men, Harker said in remarks prepared for a virtual event organized by the Philadelphia Fed.

“Even with some hopeful signs as virus cases fall and the economy continues to reopen, I’m concerned that, as the broader economy climbs upward, far too many workers are being left behind,” he said.

Harker cited research from the San Francisco Fed estimating that gender and racial disparities in the labour market amount to about $2.6 trillion in economic losses. He said some workers will need help finding jobs, nodding to a tool recently launched by the Philadelphia Fed that helps workers identify similar, but better paying jobs that typically do not require a college degree.

Eurozone: The European Union promised legal action on Wednesday after the British government unilaterally extended a grace period for checks on food imports to Northern Ireland, a move Brussels said violated terms of Britain’s divorce deal.

Since it left the EU last year, Britain’s relations with the bloc have soured, with both sides accusing the other of acting in bad faith in relation to part of their trade agreement that covers goods movements to Northern Ireland.

The British government extended a grace period for some checks on agricultural and food products imported by retailers to Northern Ireland until Oct. 1 in a move it said was necessary to ensure the free flow of goods to the British region.

In a statement, the European Union expressed “strong concerns” at a move it said amounted to a violation of the substantive provisions of the Northern Ireland Protocol, the most contentious part of Britain’s divorce deal with the EU.

Important Data: UK Construction PMI (Feb) today at 4:30 this time estimated 51.0, previously which was 49.2. US Initial Jobless Claims today at 8:30 this time estimated 750K, previously which was 730K. US Nonfarm Productivity (QoQ) (Q4) today at 8:30 this time estimated -4.7%, previously which was -4.8%. CANADA Labour Productivity (QoQ) (Q4) today at 8:30 previously which was -10.3%. US Fed Chair Powell Speaks today a
     TECHNICAL SUMMARY

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Re: Technical Analysis | Research Report 9th-oct-2020 By Capital Street Fx

TECHNICAL ANALYSIS REPORT – 05 MARCH 2021
Asian stocks skidded to one-month lows on Friday. The Shanghai composite is up 0.03% at 3,504.12. Overall, the Singapore MSCI up 0.78% at 347.25. Over in Hong Kong, the Hang Seng Index down 0.21% to 29,012. In Japan, the Nikkei 225 down 1.17% at 28,640, while the Topix index is down 0.53% at 1881.0. South Korea’s Kospi down 0.28% to 3035.73. Australia S&P/ASX 200 down 0.74% at 6710.8.

European equities Thursday closing. The DAX futures contract in Germany traded 0.17% down at 14056.34, CAC 40 futures up 0.01% at 5830.7 and the UK 100 futures contract in the U.K. down 0.07% at 6,598.8.

In U.S. on Wall Street, the Dow Jones Industrial Average closed 1.11% down at 30924.1 the S&P 500 down 1.34% to 3768.5 and the Nasdaq 100 down 0.22% at 12462.1, NYSE closes at 14959.41 down 1.58%.

In the Forex market, GBPUSD down 0.05% at 1.38859. The USDJPY up 0.10% at 108.075. The USDCHF up 0.03% at 0.92887. EURUSD down 0.04% at 1.19584, EUR/GBP up 0.07% at 0.86119. The USD/CNY up 0.06% at 6.4730, at the time of writing.

In the commodity market U.S Gold futures down 0.08% at $1,696.00. Elsewhere, Silver futures down 0.45% to $25.219 per ounce, Platinum down 0.10% at $1126.81 per ounce, and Palladium up 0.28% to $2,346.50.

Crude Oil up on Friday; Brent crude oil up 0.63% to $67.40 barrel while U.S. West Texas Intermediate (CLc1) is up 3.34% at $64.08.

In the Cryptocurrency Markets, BTCUSD at 47144.58 down 2.51%, Ethereum at 1470.21 down 4.42%, Litecoin at 171.78 down 4.98%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY:

EXXON MOBIL Corp. up 3.875% at $58.71, WESTERN DIGITAL down 8.87% at $63.49, HP Inc. down 5.869% to $28.07, TWITTER Inc. down 5.8% to $66.75, FACEBOOK up 0.873% to $257.64, MODERNA Inc. up 0.823% at $132.3.

Economic news:

US: U.S. job growth likely accelerated in February as more services businesses reopened amid falling new COVID-19 cases, quickening vaccination rates and additional pandemic relief money from the government, putting the labor market recovery back on firmer footing and on course for further gains in the months ahead.

The Labour Department’s closely watched employment report on Friday will, however, also offer a reminder that as the United States enters the second year of the coronavirus pandemic the recovery remains excruciatingly slow, with millions of Americans experiencing long spells of joblessness and permanent unemployment.

Federal Reserve Chair Jerome Powell on Thursday offered an optimistic view of the labour market, but cautioned a return to full employment this year was “highly unlikely.”

“We will probably see more people having gone back on payrolls,” said Sung Won Sohn, a finance and economics professor at Loyola Marymount University in Los Angeles. “Many will be related to service jobs, but that will not mean a rapid increase in jobs. It’s a slow progress toward eventual full recovery.”

Eurozone: The United States agreed a four-month suspension of retaliatory tariffs imposed on British goods such as Scotch whisky over a long-running aircraft subsidy row, with both sides pledging to use the time to resolve the dispute.

The U.S. administration under former president Donald Trump had imposed tariffs on an array of European Union food, wine and spirits, including on Scotch whisky, which the industry says had put its future at risk. Britain is party to the dispute as a former member of the EU.

“The United Kingdom and the United States are undertaking a four-month tariff suspension to ease the burden on industry and take a bold, joint step towards resolving the longest running disputes at the World Trade Organization,” a joint statement said.

“This will allow time to focus on negotiating a balanced settlement to the disputes, and begin seriously addressing the challenges posed by new entrants to the civil aviation market from non-market economies, such as China.”

Important Data: US Nonfarm Payrolls (Feb) today at 8:30 this time estimated 182K, previously which was 49K. US Unemployment Rate (Feb) today at 8:30 this time estimated 6.3%, previously which was 6.3%. CANADA Trade Balance (Jan) today at 8:30 this time estimated -1.40B, previously which was -1.67B. US Federal Budget today at 14:00 previously which was -430B.

TECHNICAL SUMMARY

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Re: Technical Analysis | Research Report 9th-oct-2020 By Capital Street Fx

TECHNICAL ANALYSIS REPORT – 09 MARCH 2021
Asian stocks were lower on Tuesday as rising bond yields impacted tech shares and company valuations in China and Korea and investors grappled with their inflation fears as the United States looks set to pass a $1.9 trillion stimulus package. The Shanghai composite is down 0.77% at 3,394.88. Overall, the Singapore MSCI up 1.09% at 351.15. Over in Hong Kong, the Hang Seng Index up 1.02% to 28,765. In Japan, the Nikkei 225 up 1.01% at 29,040, while the Topix index is up 0.86% at 1918.0. South Korea’s Kospi down 0.56% to 2979.45. Australia S&P/ASX 200 up 0.47% at 6771.2.

European equities Monday closing. The DAX futures contract in Germany traded 3.31% up at 14380.91, CAC 40 futures up 2.08% at 5903.0 and the UK 100 futures contract in the U.K. up 1.34% at 6,719.1.

In U.S. on Wall Street, the Dow Jones Industrial Average closed 0.97% up at 31802.4 the S&P 500 down 0.54% to 3821.1 and the Nasdaq 100 down 2.92% at 12299.1, NYSE closes at 15288.38 up 0.24%.

In the Forex market, GBPUSD up 0.22% at 1.38468. The USDJPY up 0.28% at 109.138. The USDCHF flat at 0.93560. EURUSD up 0.13% at 1.18620, EUR/GBP up 0.02% at 0.85668. The USD/CNY down 0.01% at 6.5228, at the time of writing.

In the commodity market U.S Gold futures up 0.44% at $1,690.58. Elsewhere, Silver futures up 0.86% to $25.337 per ounce, Platinum up 1.17% at $1150.78 per ounce, and Palladium up 0.24% to $2,325.50.

Crude Oil mix on Tuesday; Brent crude oil up 0.71% to $68.42 barrel while U.S. West Texas Intermediate (CLc1) is down 1.09% at $65.07.

In the Cryptocurrency Markets, BTCUSD at 54175.30 up 3.44%, Ethereum at 1838.87 up 0.16%, Litecoin at 200.59 up 4.72%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY:

WALT DISNEY Co. up 6.274% at $201.91, TERADYNE Inc. down 8.516% at $104.2, MICROCHIP Tech. down 5.975% to $136.75, CISCO SYSTEMS up 2.724% to $47.51, KRAFT HEINZ Co. up 2.166% to $38.67, NVIDIA Corp. down 6.968% at $463.73.

Economic news:

US: With plenty of practice sending out coronavirus relief payments, the U.S. government should be able to start delivering $1,400 checks almost immediately once Congress finalizes a new aid bill and President Joe Biden signs it, tax experts say.

Some Americans might receive direct payments as soon as this week if the House of Representatives, as expected, passes the $1.9 trillion bill on Tuesday, compared with the lag of several weeks experienced in April 2020. Nearly 160 million households are expected to get payments, the White House estimates.

The Treasury Department’s Internal Revenue Service will have new challenges on its hands, though, thanks to the relief bill, which Biden and his fellow Democrats argue is needed to stem the continuing economic fallout from the coronavirus pandemic.

Eurozone: The European Central Bank blamed large bond redemptions for failing to increase the pace of its emergency purchases last week, missing market expectations and adding to doubts about its commitment to supporting a pandemic-stricken, debt-laden economy.

Investors had been waiting for the weekly update to establish whether a divided ECB was prepared to step in and stem a selloff in government bond markets, largely spurred by talk of higher inflation in the United States.

The ECB bought 11.9 billion euros worth of bonds under its Pandemic Emergency Purchase Programme (PEPP) in the five days to March 5, slightly less than in the previous week, the data showed.

Important Data: German Trade Balance (Jan) today at 2:00 this time estimated 16.4B, previously which was 16.1B. EURO ZONE GDP (QoQ) (Q4) today at 5:00 this time estimated -0.6%, previously which was 12.4%. US API Weekly Crude Oil Stock today at 16:30 previously which was 7.356M. AUSTRALIA Building Approvals (MoM) today at 19:30 previously which was -19.4%.

TECHNICAL SUMMARY

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Re: Technical Analysis | Research Report 9th-oct-2020 By Capital Street Fx

TECHNICAL ANALYSIS REPORT – 10 MARCH 2021
Asia Pacific stocks were mostly up Wednesday morning. The Shanghai composite is up 0.18% at 3,365.20. Overall, the Singapore MSCI down 1.61% at 346.05. Over in Hong Kong, the Hang Seng Index down 0.14% to 28,736. In Japan, the Nikkei 225 down 0.20% at 29,020, while the Topix index is down 0.16% at 1916.5. South Korea’s Kospi down 0.62% to 2957.64. Australia S&P/ASX 200 down 0.84% at 6714.1.

European equities Tuesday closing. The DAX futures contract in Germany traded 0.40% up at 14437.94, CAC 40 futures up 0.37% at 5925.0 and the UK 100 futures contract in the U.K. down 0.53% at 6,695.6.

In U.S. on Wall Street, the Dow Jones Industrial Average closed 0.10% up at 31832.7, the S&P 500 up 1.42% to 3875.4 and the Nasdaq 100 down 0.24% at 12762.7, NYSE closes at 15375.62 up 0.57%.

In the Forex market, GBPUSD down 0.23% at 1.38547. The USDJPY up 0.37% at 108.881. The USDCHF up 0.27% at 0.93009. EURUSD down 0.21% at 1.18748, EUR/GBP up 0.13% at 0.85704. The USD/CNY up 0.12% at 6.5129, at the time of writing.

In the commodity market U.S Gold futures down 0.14% at $1,713.00. Elsewhere, Silver futures down 0.61% to $25.757 per ounce, Platinum down 0.81% at $1158.51 per ounce, and Palladium up 0.20% to $2,307.00.

Crude Oil down on Wednesday; Brent crude oil down 0.66% to $66.72 barrel while U.S. West Texas Intermediate (CLc1) is down 1.03% at $64.40.

In the Cryptocurrency Markets, BTCUSD at 54060.00 down 1.21%, Ethereum at 1801.65 down 3.80%, Litecoin at 195.45 down 4.19%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY:

TESLA Inc. up 19.641% at $673.58, ETSY Inc. up 8.688% at $206.79, NVIDIA Corp. up 8.033% to $500.81, DISCOVERY Inc. down 6.305% to $63.01, BIOGEN Inc. down 1.304% to $266.49, WALT DISNEY Co. down 3.665% at $194.51.

Economic news:

US: President Joe Biden’s name will not appear on the memo line of stimulus checks that will be issued to most Americans following passage of his coronavirus aid bill, the White House said on Tuesday.

Then-President Donald Trump had asked that the Internal Revenue Service (IRS) put his name on the first round of stimulus checks issued during the COVID-19 pandemic last year.

White House press secretary Jen Psaki said doing so was not a priority for Biden.

“The president will not appear on the line of the check,” she told reporters. “It will be signed by the career official. This is not about him. This is about the American people getting relief.”

Biden is expected to sign the $1.9 trillion aid bill as soon as this week after the House of Representatives takes up the bill on Wednesday. The chamber, which is controlled by Biden’s fellow Democrats, is expected to approve the bill along party lines.

Eurozone: The European Central Bank stepped up the pace of its emergency bond-buying last week after policy makers issued repeated warnings that a recent rise in yields threatens to derail the region’s economic recovery.

Gross purchases settled under its pandemic emergency program totaled 18.2 billion euros ($21.6 billion) in the week ended March 5, compared with 16.9 billion euros a week a earlier. The ECB also said 6.3 billion euros of debt was redeemed, contributing to the relatively muted pace of net buying reported a day earlier.

Neither set of data reflects orders made Thursday and Friday, as transactions take a couple of days to settle and show up in the central bank’s accounts.

German bonds held near the day’s highs after the report, with 10-year yields falling five basis points to -0.33%. Those in Italy led the region’s gains, narrowing the spread over Germany by three basis points to 101.

Important Data: US Core CPI (MoM) (Feb) today at 8:30 this time estimated 0.2%, previously which was 0.1%. US Crude Oil Inventories today at 10:30 this time estimated 0.816M, previously which was 21.563M. US Federal Budget Balance (Feb) today at 14:00 previously which was -163B. UK RICS House Price Balance (Feb) today at 19:01 previously which was 50%.

TECHNICAL SUMMARY

GBPUSD

Technical Analysis
Technical Analysis
TRADE SUGGESTION- SELL AT 1.3848, TAKE PROFIT AT 1.38229 AND STOP LOSS AT 1.38803

EURUSD

Technical Analysis
Technical Analysis
TRADE SUGGESTION- SELL AT 1.18663, TAKE PROFIT AT 1.18460 AND STOP LOSS AT 1.18894

EURGBP

Technical Analysis
Technical Analysis
TRADE SUGGESTION- SELL AT 0.85678, TAKE PROFIT AT 0.85546 AND STOP LOSS AT 0.85772

EURJPY

Technical Analysis
Technical Analysis
TRADE SUGGESTION- BUY AT 129.227, TAKE PROFIT AT 129.355 AND STOP LOSS AT 129.180

DJ EURO STOXX 50

Technical Analysis
Technical Analysis
TRADE SUGGESTION- BUY AT 3784 TAKE PROFIT AT 3854 AND STOP LOSS AT 3733

WTI CRUDE OIL

Technical Analysis
Technical Analysis
TRADE SUGGESTION- BUY AT 63.36 TAKE PROFIT AT 63.76 AND STOP LOSS AT 63.11

GOLD

Technical Analysis
Technical Analysis
TRADE SUGGESTION- SELL AT 1714.20, TAKE PROFIT AT 1701.23 AND STOP AT 1732.50

ETHEREUM

Technical Analysis
Technical Analysis
TRADE SUGGESTION- BUY AT 1806.40 TAKE PROFIT AT 1838.23 AND STOP AT 1786.14

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Re: Technical Analysis | Research Report 9th-oct-2020 By Capital Street Fx

TECHNICAL ANALYSIS REPORT – 12 MARCH 2021
Asian shares pushed higher on Friday after U.S. President Joe Biden signed a $1.9 trillion stimulus bill into law, and as a retreat in bond yields overnight eased global concerns about rising inflation. The Shanghai composite is up 0.17% at 3,442.23. Overall, the Singapore MSCI up 0.01% at 350.65. Over in Hong Kong, the Hang Seng Index down 0.30% to 29,190. In Japan, the Nikkei 225 up 0.96% at 29,500, while the Topix index is up 0.26% at 1931.5. South Korea’s Kospi up 1.36% to 3055.06. Australia S&P/ASX 200 up 0.79% at 6766.8.

European equities Thursday closing. The DAX futures contract in Germany traded 0.20% up at 14569.39, CAC 40 futures up 0.72% at 6033.8 and the UK 100 futures contract in the U.K. up 0.17% at 6,737.0.

In U.S. on Wall Street, the Dow Jones Industrial Average closed 0.58% up at 32485.6, the S&P 500 up 1.04% to 3939.3 and the Nasdaq 100 down 0.17% at 13030.4, NYSE closes at 15648.05 up 0.81%.

In the Forex market, GBPUSD down 0.14% at 1.39728. The USDJPY up 0.24% at 108.750. The USDCHF up 0.36% at 0.92651. EURUSD down 0.17% at 1.19631, EUR/GBP down 0.05% at 0.85613. The USD/CNY down 0.07% at 6.4887, at the time of writing.

In the commodity market U.S Gold futures down 0.29% at $1,717.10. Elsewhere, Silver futures down 0.63% to $25.930 per ounce, Platinum up 0.60% at $1203.09 per ounce, and Palladium down 0.26% to $2,346.00.

Crude Oil mix on Friday; Brent crude oil down 0.23% to $69.39 barrel while U.S. West Texas Intermediate (CLc1) is up 1.35% at $65.52.

In the Cryptocurrency Markets, BTCUSD at 57164.68 down 1.05%, Ethereum at 1809.48 down 0.92%, Litecoin at 209.96 up 4.25%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY:

ETSY Inc. up 7.24% at $220.84, TWITTER Inc. up 5.599% at $68.46, GENERAL ELECTRIC down 7.396% to $12.27, WESTROCK Co. down 2.504% to $51.39, WORKDAY Inc. up 5.999% to $257.27, ZOOM VIDEO COMMUNICATION up 5.696% at $355.17.

Economic news:

US: The U.S. economy will grow faster than previously thought and reach pre-COVID-19 levels within six months, according to a majority of economists polled by Reuters who however said unemployment would take well over a year to recover.

Optimism was largely driven by the House of Representatives passing President Joe Biden’s $1.9 trillion relief aid in response to the pandemic, which has killed around 530,000 people in the U.S. and left millions out of work.

After shrinking 3.5% last year, the world’s largest economy was forecast to grow 5.7% this year – the highest since polling began for this period over two years ago, according to the March 8-11 survey of over 100 economists.

In response to an additional question, 85% of economists, or 51 of 60, said the economy would reach pre-COVID-19 levels within a year, including more than 60% expecting it within six months

Eurozone: British finance minister Rishi Sunak said on Thursday he did not favour setting a specific target for the level of public debt as a share of economic output, as broader criteria were better suited for future fiscal rules.

“It’s probably right to think more about trajectories of debt levels, building resilience for future shocks and the affordability of that debt,” Sunak told parliament’s Treasury Committee.

Last week Sunak announced a new budget plan which included a further 65 billion pounds ($91 billion) in stimulus to help the economy through what he hopes will be a gradual lifting of coronavirus restrictions between now and the end of June.

Britain’s public debt has leapt to more than 2 trillion pounds as a result of the huge increase in spending and tax cuts ordered by Sunak in response to COVID-19, and it is expected to be above 100% of gross domestic product until at least the mid-2020s

Important Data: UK GDP (MoM) today at 2:00 this time estimated -4.9%, previously which was 1.2%. UK Manufacturing Production (MoM) (Jan) today at 2:00 this time estimated -0.8%, previously which was 0.3%. US PPI (MoM) (Feb) today at 8:30 this time estimated 0.5%, previously which was 1.3%. CANADA Employment Change (Feb) today at 8:30 this time estimated 75K, previously which was -212.8K.

TECHNICAL SUMMARY

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32 (edited by Information@#321 2021-03-16 10:57:59)

Re: Technical Analysis | Research Report 9th-oct-2020 By Capital Street Fx

TECHNICAL ANALYSIS REPORT – 16 MARCH 2021
Asian stocks rose on Tuesday, tracking an advance by Wall Street’s main indexes to record highs, as investors looked to key central bank meetings this week, starting with the U.S. Federal Reserve. The Shanghai composite is up 0.55% at 3,438.59. Overall, the Singapore MSCI down 0.06% at 350.90. Over in Hong Kong, the Hang Seng Index up 0.49% to 28,979. In Japan, the Nikkei 225 up 0.68% at 29,730, while the Topix index is up 0.82% at 1961.0. South Korea’s Kospi up 0.71% to 3068.20. Australia S&P/ASX 200 up 0.80% at 6827.1.

European equities Monday closing. The DAX futures contract in Germany traded 0.28% down at 14461.42, CAC 40 futures down 0.17% at 6036.0 and the UK 100 futures contract in the U.K. down 0.17% at 6,749.7.

In U.S. on Wall Street, the Dow Jones Industrial Average closed 0.53% up at 32953.5, the S&P 500 up 0.65% to 3968.9 and the Nasdaq 100 up 1.12% at 13082.5, NYSE closes at 15775.50 up 0.38%.

In the Forex market, GBPUSD down 0.18% at 1.38648. The USDJPY up 0.05% at 109.177. The USDCHF down 0.03% at 0.92707. EURUSD up 0.04% at 1.19295, EUR/GBP up 0.35% at 0.86047. The USD/CNY down 0.01% at 6.4977, at the time of writing.

In the commodity market U.S Gold futures up 0.29% at $1,736.10. Elsewhere, Silver futures up 0.10% to $26.234 per ounce, Platinum up 0.68% at $1219.44 per ounce, and Palladium down 0.04% to $2,392.50.

Crude Oil down on Tuesday; Brent crude oil down 0.71% to $68.23 barrel while U.S. West Texas Intermediate (CLc1) is down 0.17% at $65.52.

In the Cryptocurrency Markets, BTCUSD at 54134.40 down 2.72%, Ethereum at 1747.46 down 2.55%, Litecoin at 195.69 down 2.55%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY:

UNITED AIRLINES up 8.261% at $60.94, AMERICAN AIRLINES up 7.702% at $25.17, GAP Inc. up 4.674% to $32.25, CARNIVAL Corp. up 4.673% to $29.79, EXXON MOBIL Corp. down 2.55% to $60.39, GENERAL MOTORS down 2.228% at $57.94.

Economic news:

US: Former top U.S. economic adviser Gene Sperling will oversee the Biden administration’s implementation of the $1.9 trillion COVID-19 stimulus plan, the White House said on Monday as President Joe Biden readies to promote the recovery effort.

Sperling, who advised Biden’s presidential campaign and served under former Democratic Presidents Barack Obama and Bill Clinton, will work with officials across the administration, White House spokeswoman Jen Psaki told reporters at a briefing.

Biden announced the move at a White House event, calling Sperling a “gifted manager” who would ensure that the massive rescue plan was implemented fastidiously.

Eurozone: British finance minister Rishi Sunak and U.S. Treasury Secretary Janet Yellen spoke on the phone on Monday to discuss a possible new allocation of Special Drawing Rights (SDRs), the UK treasury

Both agreed that a new SDR allocation could form an important part of a package of support for low-income countries and could be vital for securing a truly global recovery, the statement added.

Important Data: French HICP (MoM) (Feb) today at 3:45 this time estimated 0.3%, previously which was 0.3%. German ZEW Economic Sentiment (Mar) today at 6:00 this time estimated 74.0, previously which was 71.2. US Core Retail Sales (MoM) (Feb) today at 8:30 this time estimated -0.1%, previously which was 5.9%. JAPAN Exports (YoY) (Feb) today at 19:50 this time estimated -0.8%, previously which was 6.4%.
TECHNICAL SUMMARY

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Re: Technical Analysis | Research Report 9th-oct-2020 By Capital Street Fx

TECHNICAL ANALYSIS OF THE FINANCIAL MARKETS – 17 MARCH 2021
Asia Pacific stocks were mostly down Wednesday morning ahead of the U.S. Federal Reserve’s policy decision due later in the day. The Shanghai composite is down 0.03% at 3,445.63. Overall, the Singapore MSCI down 0.09% at 350.40. Over in Hong Kong, the Hang Seng Index up 0.15% to 28,995. In Japan, the Nikkei 225 up 0.07% at 29,740, while the Topix index is up 0.31% at 1966.0. South Korea’s Kospi down 0.54% to 3050.65. Australia S&P/ASX 200 down 0.47% at 6795.2.

European equities Tuesday closing. The DAX futures contract in Germany traded 0.66% up at 14557.58, CAC 40 futures up 0.32% at 6055.4 and the UK 100 futures contract in the U.K. up 0.80% at 6,803.6.

In U.S. on Wall Street, the Dow Jones Industrial Average closed 0.39% up at 32826.0, the S&P 500 down 0.16% to 3962.7 and the Nasdaq 100 down 0.11% at 13154.9, NYSE closes at 15669.29 down 0.67%.

In the Forex market, GBPUSD up 0.06% at 1.39. The USDJPY up 0.09% at 109.086. The USDCHF up 0.09% at 0.92543. EURUSD up 0.05% at 1.19076, EUR/GBP up 0.01% at 0.85654. The USD/CNY down 0.08% at 6.4998, at the time of writing.

In the commodity market U.S Gold futures up 0.31% at $1,736.46. Elsewhere, Silver futures up 0.01% to $25.919 per ounce, Platinum down 0.33% at $1209.33 per ounce, and Palladium down 0.38% to $2,489.50.

Crude Oil mix on Wednesday; Brent crude oil up 0.42% to $68.76 barrel while U.S. West Texas Intermediate (CLc1) is down 0.44% at $64.89.

In the Cryptocurrency Markets, BTCUSD at 56182.31 down 1.28%, Ethereum at 1783.29 down 1.24%, Litecoin at 199.45 down 1.15%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY:

DISCOVERY Inc. up 2.905% at $75.81, MICRON TECHNOLOGY up 2.904% at $91.43, FORD MOTOR Co. down 5.379% to $12.49, CARNIVAL Corp. up 5.17% to $28.25, MODERNA Inc. up 8.604% to $156.02, FACEBOOK up 2.02% at $279.28.

Economic news:

US: U.S. companies are opting to issue bonds with fixed coupons rather than floating rates as the spectre of a rapid rise in yields impels them to lock in their costs of borrowing.

Refinitiv data showed U.S. companies have issued $456 billion through fixed-coupon bonds until March 15, a 12% increase over the same period last year.

At the same time, they have borrowed just $77 billion through floating-rate bonds in that period, a 33% decline.

Eurozone: The European Central Bank won’t allow interest rates to rise too soon while the economy still grapples with the coronavirus pandemic, according to its chief economist.

“Our objective is basically to make sure the yield curves, which play an important role in determining overall financing conditions, do not move ahead of the economy,” Philip Lane said in an interview with the Financial Times.

“It is really a shift in monetary policy away from focusing on just the short-term rate by looking at all financing conditions,” because long-dated yields are key too.

Policy makers decided last week to “significantly” increase the pace of buying in coming months amid concerns that higher yields will pull the rug out from under the euro-area economic recovery.

Important Data: EURO ZONE CPI (YoY) (Feb) today at 6:00 this time estimated 0.9%, previously which was 0.9%. US Building Permits (Feb) today at 8:30 this time estimated 1.75M, previously which was 1.886M. CANADA Core CPI (MoM) (Feb) today at 8:30 previously which was 0.5%. US Crude Oil Inventories today at 10:30 this time estimated 2.964M, previously which was 13.798M.

TECHNICAL SUMMARY

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Re: Technical Analysis | Research Report 9th-oct-2020 By Capital Street Fx

TECHNICAL ANALYSIS REPORT – 18 MARCH 2021
Asia Pacific stocks were mostly up Thursday morning. The Shanghai composite is up 0.27% at 3,454.97. Overall, the Singapore MSCI up 0.84% at 354.45. Over in Hong Kong, the Hang Seng Index up 1.53% to 29,433. In Japan, the Nikkei 225 up 1.08% at 30,030, while the Topix index is up 1.53% at 1992.0. South Korea’s Kospi up 0.62% to 3066.53. Australia S&P/ASX 200 down 0.73% at 6745.9.

European equities Wednesday closing. The DAX futures contract in Germany traded 0.27% up at 14596.61, CAC 40 futures down 0.01% at 6054.8 and the UK 100 futures contract in the U.K. down 0.60% at 6,762.7.

In U.S. on Wall Street, the Dow Jones Industrial Average closed 0.58% up at 33015.4, the S&P 500 up 0.29% to 3974.1 and the Nasdaq 100 up 0.38% at 13202.4, NYSE closes at 15731.14 up 0.39%.

In the Forex market, GBPUSD up 0.02% at 1.39616. The USDJPY up 0.04% at 108.878. The USDCHF up 0.07% at 0.92308. EURUSD down 0.07% at 1.19687, EUR/GBP down 0.03% at 0.85724. The USD/CNY down 0.13% at 6.4947, at the time of writing.

In the commodity market U.S Gold futures up 0.37% at $1,750.90. Elsewhere, Silver futures up 1.08% to $26.530 per ounce, Platinum up 0.52% at $1220.78 per ounce, and Palladium up 0.99% to $2,600.50.

Crude Oil down on Thursday; Brent crude oil down 0.19% to $67.62 barrel while U.S. West Texas Intermediate (CLc1) is down 0.14% at $64.80.

In the Cryptocurrency Markets, BTCUSD at 58851.98 down 0.08%, Ethereum at 1825.48 up 0.23%, Litecoin at 206.91 up 0.53%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY:

GENERAL MOTORS up 5.13% at $60.05, DOW Inc up 4.479% at $66.01, UNITED AIRLINES up 4.414% at $62.45, COMCAST Corp. down 0.93% at $57.50, FACEBOOK Inc. at 1.694% at $284.01, AMGEN Inc. up 1.644% at $244.27, 3M Co. up 0.776% at $188.3.

Economic news:

US: The global economy is set to grow by 4.7% this year thanks to a stronger-than-expected recovery in the United States, a report by the U.N. Conference on Trade and Development (UNCTAD) said on Thursday, revising up its previous forecast of 4.3%.

The upwards revision from its previous forecast made last September factors in an expected boost in U.S. consumer spending on the back of progress distributing COVID-19 vaccines and a vast stimulus package, the report said.

“The global recovery that began in the third quarter of 2020 is expected to continue through 2021, albeit with a good deal of unevenness and unpredictability, reflecting epidemiological, policy and coordination uncertainties,” the report said.

Eurozone: The Bank of England will probably try on Thursday to keep a lid on expectations that Britain’s economy is heading for a strong, vaccine-boosted recovery after suffering its worst crash in three centuries last year.

The central bank is not expected to change its huge, crisis-fighting stimulus programme at 1200 GMT, after its March policy meetings.

Instead, investors will be trying to gauge how confident it is that Europe’s fastest COVID-19 vaccination campaign and yet more spending and tax cuts in finance minister Rishi Sunak’s March 3 budget will trigger a bounce-back in the months ahead.

BoE Governor Andrew Bailey said on Monday he was more optimistic about the recovery. But he stressed his view came “with a large dose of caution” with Britain still in the grip of a third lockdown and facing the risk of new COVID-19 variants.

Important Data: US Initial Jobless Claims today at 8:30 this time estimated 700K, previously which was 712K. AUSTRALIA Retail Sales (MoM) today at 20:30 previously which was 0.5%. UK BoE Interest Rate Decision (Mar) today at 8:00 this time estimated 0.1%, previously which was 0.1%. EURO ZONE Wages in euro zone (YoY) (Q4) today at 6:00 previously which was 2.2%.

TECHNICAL SUMMARY

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Re: Technical Analysis | Research Report 9th-oct-2020 By Capital Street Fx

TECHNICAL ANALYSIS REPORT – 24 MARCH 2021
Asia Pacific stocks were mostly down Wednesday morning. The Shanghai composite is down 1.36% at 3,365.20. Overall, the Singapore MSCI up 0.09% at 352.65. Over in Hong Kong, the Hang Seng Index down 2.24% to 27,842. In Japan, the Nikkei 225 down 1.80% at 28,300, while the Topix index is down 2.04% at 1919.0. South Korea’s Kospi down 0.31% to 2995.55. Australia S&P/ASX 200 up 0.50% at 6778.8.

European equities Tuesday closing. The DAX futures contract in Germany traded 0.03% up at 1465762.02, CAC 40 futures down 0.39% at 5945.3 and the UK 100 futures contract in the U.K. down 0.40% at 6,699.2.

In U.S. on Wall Street, the Dow Jones Industrial Average closed 0.94% at 32423.2, the S&P 500 down 0.76% to 3910.5 and the Nasdaq 100 down 0.53% at 13017.8, NYSE closes at 15346.52 down 1.32%.

In the Forex market, GBPUSD down 0.24% at 1.37124. The USDJPY down 0.06% at 108.503. The USDCHF up 0.05% at 0.93448. EURUSD down 0.05% at 1.18420, EUR/GBP up 0.31% at 0.86353. The USD/CNY up 0.14% at 6.5254, at the time of writing.

In the commodity market U.S Gold futures up 0.26% at $1,731.58. Elsewhere, Silver futures up 0.21% to $25.123 per ounce, Platinum up 0.25% at $1169.38 per ounce, and Palladium up 0.10% to $2,604.50.

Crude Oil mix on Wednesday; Brent crude oil up 0.96% to $60.98 barrel while U.S. West Texas Intermediate (CLc1) is down 0.94% at $63.16.

In the Cryptocurrency Markets, BTCUSD at 53766.76 down 1.09%, Ethereum at 1662.92 down 0.43%, Litecoin at 190.00 up 2.11%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY:

NETFLIX Inc. up 2.29% at $535.09, GAP Inc. down 7.715% at $27.87, INTEL Corp. down 3.276% at $63.48, DOW Inc. down 4.346% at $60.75, BOEING Co. down 3.973% at $241.25, GOLDMAN SACHS at 2.228% at $331.77, HONEYWELL Inter. down 1.669% at $208.59, JP MORGAN Chase down 1.0% at $149.46.

Economic news:

US: The U.S. Treasury said on Tuesday it would issue further guidance on a contested provision in President Joe Biden’s $1.9 trillion coronavirus relief package that prohibits states from using stimulus money to replace revenue lost to tax cuts.

The provision has drawn criticism from 21 Republican state attorneys general, with Ohio’s top lawyer suing the Biden administration last week, arguing that broad language in the American Rescue Plan Act violated the state’s constitutional right to determine its own tax policies.

Treasury Secretary Janet Yellen said in a written response to those concerns: “It is well established that Congress may place such reasonable conditions on how states may use federal funding.”

“Nothing in the act prevents states from enacting a broad variety of tax cuts,” Yellen said, refuting the attorneys general arguments that the stimulus measure denies states the ability to cut taxes in any manner whatsoever.

Eurozone: The City of London may be better off staying out of the EU’s financial services market as it would have to sacrifice autonomy over setting rules to win full access, a report by Britain’s upper house of parliament said on Wednesday.

The European Union has yet to grant Britain direct financial market access after it left the bloc on Dec. 31 and large amounts of trading in stocks and derivatives denominated in euros has shifted to Amsterdam from London.

Brussels will consider whether to grant full access, known as equivalence, once it has agreed a memorandum of understanding with Britain on a new forum for cooperating on financial rules, an agreement that is due by the end of March.

“We agree that broad positive equivalence determinations would best meet the needs of practitioners in both the UK and the EU, but recognise that in many areas the EU is unlikely to grant these without the UK sacrificing more decision-making autonomy than equivalence is worth,” the lawmaker’s report said.

Important Data: UK CPI (YoY) (Feb) today at 3:00 this time estimated 0.8%, previously which was 0.7%. UK Services PMI (Mar) today at 5:30 previously which was 49.5. US Core Durable Goods Orders (MoM) (Feb) today at 8:30 this time estimated 0.6%, previously which was 1.3%. US Crude Oil Inventories today at 10:30 previously which was 2.396M.

TECHNICAL SUMMARY

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Re: Technical Analysis | Research Report 9th-oct-2020 By Capital Street Fx

TECHNICAL ANALYSIS REPORT – 25 MARCH 2021
Asia Pacific stocks were mostly up Thursday morning. The Shanghai composite is down 0.07% at 3,364.65. Overall, the Singapore MSCI up 0.59% at 355.90. Over in Hong Kong, the Hang Seng Index down 0.01% to 27,873. In Japan, the Nikkei 225 up 1.45% at 28,600, while the Topix index is up 1.54% at 1942.5. South Korea’s Kospi up 0.27% to 3004.71. Australia S&P/ASX 200 up 0.17% at 6790.6.

European equities Wednesday closing. The DAX futures contract in Germany traded 0.35% down at 14610.39, CAC 40 futures up 0.03% at 5947.3 and the UK 100 futures contract in the U.K. up 0.20% at 6,712.9.

In U.S. on Wall Street, the Dow Jones Industrial Average closed 0.01% at 32420.1, the S&P 500 down 0.55% to 3889.1 and the Nasdaq 100 up 0.09% at 12825.2, NYSE closes at 15276.56 down 0.46%.

In the Forex market, GBPUSD up 0.034% at 1.36875. The USDJPY up 0.24% at 108.977. The USDCHF up 0.03% at 0.93592. EURUSD up 0.03% at 1.18160, EUR/GBP up 0.07% at 0.86328. The USD/CNY up 0.14% at 6.5335, at the time of writing.

In the commodity market U.S Gold futures up 0.02% at $1,734.37. Elsewhere, Silver futures up 0.09% to $25.060 per ounce, Platinum up 0.11% at $1168.83 per ounce, and Palladium down 0.09% to $2,632.50.

Crude Oil mix on Thursday; Brent crude oil down 1.78% to $63.01 barrel while U.S. West Texas Intermediate (CLc1) is up 0.49% at $63.47.

In the Cryptocurrency Markets, BTCUSD at 53053.23 up 1.46%, Ethereum at 1594.88 up 0.71%, Litecoin at 177.42 up 0.70%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY:

ETSY Inc. down 9.328% at $199.18, DISCOVERY Inc. down 13.415% at $54.54, TESLA Inc. down 4.816% at $630.27, EBAY Inc. down 4.427% at $57.64, FINSERV Inc. up 1.616% at $123.25, BAIDU Inc. down 8.549% at $239.19, WORKDAY Inc. down 4.398% at $246.07, JD.Com Inc. down 5.317% at $79.07.

Economic news:

US: San Francisco Federal Reserve President Mary Daly on Wednesday said the U.S. economy is a “long way” from its goals, as she noted little upward pressure on wages and remarked on the absence of froth in financial conditions, all suggestive of support for keeping the Fed’s foot on the monetary gas pedal.

Asked her view of the appropriate timing for the Fed’s first interest rate hike, however, Daly declined to say. She told reporters on a call that what’s important is that people “completely understand” the Fed won’t raise rates until employment shortfalls have been eliminated and inflation is not only running at 2% but is also projected to exceed that for some time. “We are not there yet,” she said. “The important thing right now, I think for everyone, is a healthy dose of patience.”

Eurozone: Danish toymaker Lego on Wednesday won the backing of Europe’s second-highest court in its fight to secure design rights for its colourful snap-together plastic building bricks familiar to millions of children worldwide.

The Luxembourg-based General Court threw out a 2019 decision by the European Union Intellectual Property Office (EUIPO) that sided with German toy and hardware maker Delta Sport Handelskontor which had sought to declare Lego’s design invalid.

Lego challenged that ruling at the court, which on Wednesday disagreed with the trademark agency’s assessment.

“EUIPO erroneously declared invalid a design of a brick of a LEGO toy building set,” judges said.

“EUIPO failed to examine the relevance of the application of the exception relied on by Lego and failed to take into consideration all the features of appearance of the brick,” they said.

Important Data: US GDP (QoQ) (Q4) today at 8:30 this time estimated 4.1%, previously which was 33.4%. US  Initial Jobless Claims today at 8:30 this time estimated 730K, previously which was 770K. JAPAN Tokyo Core CPI (YoY) (Mar) today at 19:30 this time estimated -0.2%, previously which was -0.3%. JAPAN CPI Tokyo Ex Food and Energy (MoM) (Mar) today at 19:30 previously which was 0.1%.

TECHNICAL SUMMARY

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37 (edited by Information@#321 2021-03-29 09:46:42)

Re: Technical Analysis | Research Report 9th-oct-2020 By Capital Street Fx

TECHNICAL ANALYSIS REPORT – 26 MARCH 2021
Asian shares bounced back from a three-month low on Friday. The Shanghai composite is up 1.37% at 3,409.31. Overall, the Singapore MSCI up 0.46% at 357.50. Over in Hong Kong, the Hang Seng Index up 1.15% to 28,176. In Japan, the Nikkei 225 up 1.33% at 29,000, while the Topix index is up 1.21% at 1966.0. South Korea’s Kospi up 0.80% to 3032.45. Australia S&P/ASX 200 up 0.60% at 6831.1.

European equities Thursday closing. The DAX futures contract in Germany traded 0.08% down at 14621.36, CAC 40 futures up 0.09% at 5952.4 and the UK 100 futures contract in the U.K. down 0.57% at 6,674.8.

In U.S. on Wall Street, the Dow Jones Industrial Average closed 0.62% at 32619.5, the S&P 500 up 0.52% to 3909.5 and the Nasdaq 100 down 0.14% at 12780.5, NYSE closes at 15410.37 up 0.88%.

In the Forex market, GBPUSD up 0.20% at 1.37580. The USDJPY up 0.08% at 109.266. The USDCHF up 0.08% at 0.94017. EURUSD up 0.10% at 1.17751, EUR/GBP down 0.05% at 0.85587. The USD/CNY up 0.07% at 6.5424, at the time of writing.

In the commodity market U.S Gold futures down 0.04% at $1,725.93. Elsewhere, Silver futures up 0.16% to $25.078 per ounce, Platinum up 0.56% at $1153.41 per ounce, and Palladium up 0.79% to $2,630.72.

Crude Oil down on Friday; Brent crude oil down 1.08% to $62.47 barrel while U.S. West Texas Intermediate (CLc1) is down 6.95% at $59.06.

In the Cryptocurrency Markets, BTCUSD at 52477.96 up 2.24%, Ethereum at 1618.39 up 2.03%, Litecoin at 174.99 up 2.03%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY:

GAP Inc. up 5.007% at $28.73, WESTROCK Co. up 4.937% at $51.86, LENNAR Corp. up 4.744% at $99.14, AMERICAN AIRLINES. up 4.402% at $22.77, MSCI Inc. down 2.825% at $412.05, NIKE Inc. down 3.394% at $128.64, BIOGEN Inc. up 3.116% at $273.97, NETFLIX Inc. down 3.447% at $502.86.

Economic news:

US: The U.S. Senate confirmed the nomination of Wally Adeyemo as deputy secretary of the Treasury on Thursday, making him the first Black American to hold the powerful job.

Treasury Secretary Janet Yellen welcomed the Senate vote, calling Adeyemo “a master of shuttle economic diplomacy” who would help meld U.S. economic and national security interests.

Adeyemo, 39, has struck a hard-line tone on China, vowing to fight what he called Beijing’s “unfair economic practices” and hold China accountable to international rules.

Adeyemo will play a key role in shaping U.S. economic policy on issues ranging from financial regulation to relief for everyday Americans and U.S. sanctions on foreign governments.

A former senior adviser at asset manager BlackRock Inc (NYSE:BLK) and the child of Nigerian immigrants, Adeyemo served as a top national security and economic adviser to Democratic former President Barack Obama and held senior jobs at the Treasury.

Yellen said Adeyemo was also “a tireless advocate for the working class” who helped build the Consumer Financial Protection Bureau after the global financial crisis of 2008-2009.

Eurozone: The European Union’s plan to take on joint debt on a large scale and channel the money to member states worst hit by COVID-19 will create an important tool to overcome the crisis, but it must remain a one-off event, German Chancellor Angela Merkel said on Thursday.

She spoke to the Bundestag lower house of parliament before it voted to approve the legislation for the EU plan. The upper house, or Bundesrat, is expected to pass it on Friday.

“In the debate today, it will be made clear again that the recovery fund is a one-off instrument limited in time and purpose,” Merkel said, adding that it was an “indispensable” tool to help overcome the COVID-19 economic crisis.

Important Data: UK Retail Sales (MoM) (Feb) today at 3:00 this time estimated 2.1%, previously which was -8.2%. UK  German Ifo Business Climate Index (Mar) today at 5:00 this time estimated 93.2, previously which was 92.4. US Federal Budget today previously which was -430.0B. EUROZONE Leaders’ Summit today at 6:00.

TECHNICAL SUMMARY

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Re: Technical Analysis | Research Report 9th-oct-2020 By Capital Street Fx

TECHNICAL ANALYSIS REPORT – 29 MARCH 2021
Asian shares up on Monday. The Shanghai composite is up 1.63% at 3,418.32. Overall, the Singapore MSCI up 0.98% at 360.85. Over in Hong Kong, the Hang Seng Index down 0.13% to 28,253. In Japan, the Nikkei 225 up 1.17% at 29,440, while the Topix index is up 1.17% at 1966.0. South Korea’s Kospi up 1.09% to 3041.01. Australia S&P/ASX 200 up 0.49% at 6824.2.

European equities Friday closing. The DAX futures contract in Germany traded 0.87% up at 14748.94, CAC 40 futures up 0.61% at 5988.8 and the UK 100 futures contract in the U.K. up 0.99% at 6,640.6.

In U.S. on Wall Street, the Dow Jones Industrial Average closed 1.39% at 33072.9, the S&P 500 up 1.66% to 3974.5 and the Nasdaq 100 up 1.55% at 12979.1, NYSE closes at 15682.53 up 1.77%.

In the Forex market, GBPUSD up 0.37% at 1.37814. The USDJPY up 0.45% at 109.669. The USDCHF down 0.06% at 0.93889. EURUSD up 0.25% at 1.17930, EUR/GBP down 0.17% at 0.85483. The USD/CNY up 0.05% at 6.5412, at the time of writing.

In the commodity market U.S Gold futures down 0.24% at $1,730.90. Elsewhere, Silver futures up 0.04% to $25.046 per ounce, Platinum up 3.27% at $1184.50 per ounce, and Palladium up 2.51% to $2,675.00.

Crude Oil up on Monday; Brent crude oil up 4.16% to $64.37 barrel while U.S. West Texas Intermediate (CLc1) is up 4.17% at $61.52.

In the Cryptocurrency Markets, BTCUSD at 56203.11 up 0.65%, Ethereum at 1716.18 up 0.15%, Litecoin at 185.83 up 0.91%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY:

HP Inc. up 5.922% at $31.66, NUCOR Corp. up 8.899% at $79.30, TESLA Inc. down 3.385% at $618.71, COMCAST Corp. down 1.989% at $55.18, MICROCHIP

Tech. up 5.613% at $155.42, MARVELL Tech. up 4.961% at $46.97, OKTA Inc. down 2.371% at $212.45, MODERNA Inc. down 0.038% at $133.28.

Economic news:

US: The United States on Friday blocked Venezuela from proceeding with its dispute over Washington’s sanctions at the World Trade Organization, seizing on the issue to underscore its rejection of Nicolas Maduro as the country’s legitimate president.

Venezuela had planned to request the formation of a WTO panel to rule on whether sanctions the United States imposed in 2018 and 2019 breached global trading rules.

The United States asked for the request to be removed, which Venezuela refused to do, prompting the trade body to suspend a meeting about this and other trade matters at the start, a Geneva-based trade official said.

U.S. Trade Representative spokesman Adam Hodge said the panel request was illegitimate because the Maduro administration did not speak on behalf of the Venezuelan people.

“The United States will reject any effort by Maduro to misuse the WTO to attack U.S. sanctions aimed at restoring human rights and democracy to Venezuela,” he said in a statement.

Eurozone: The European Central Bank must remain a key stabilizer of the euro zone economy as the bloc is at risk of suffering longer-term damage from its pandemic-induced double-dip recession, ECB chief economist Philip Lane said on Saturday.

A sustained period of low activity reduces labour productivity, weakens corporate balance sheets and saps confidence, leading to a potential downward spiral, Lane said in a speech to the Spring workshop of The European House – Ambrosetti.

“There is a clear risk of self-fulfilling adverse dynamics taking hold, through which uncertain economic prospects induce households, firms and governments to hold back on expenditure plans, leading to a decline in overall demand that validates the loss in confidence about the future,” he said.

Hoping to prop up the economy until it is ready to reopen, the ECB has pushed borrowing costs to record lows through copious asset purchases and loans to banks at rates as low as minus 1%.

Important Data: UK Nationwide HPI (MoM) today at 2:00 previously which was 0.7%. EURO ZONE Business Climate (Mar) today at 5:00 previously which was

-0.14. French 12-Month BTF Auction today at 10:00 previously which was

-0.625%. JAPAN Retail Sales (YoY) (Feb) today at 19:50 this time estimated -2.8%, previously which was -2.4%. Jobs/applications ratio (Feb) today at 19:30 this time estimated 1.10, previously which was 1.10.

TECHNICAL SUMMARY

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Re: Technical Analysis | Research Report 9th-oct-2020 By Capital Street Fx

TECHNICAL ANALYSIS REPORT – 30 MARCH 2021
Asian shares were mixed early Tuesday. The Shanghai composite is up 0.61% at 3,456.60. Overall, the Singapore MSCI up 0.82% at 362.85. Over in Hong Kong, the Hang Seng Index up 0.93% to 28,650. In Japan, the Nikkei 225 up 1.13% at 29,410, while the Topix index is up 0.74% at 1976.5. South Korea’s Kospi up 1.07% to 3068.45. Australia S&P/ASX 200 down 1.33% at 6730.1.

European equities Monday closing. The DAX futures contract in Germany traded 0.47% up at 14817.72, CAC 40 futures up 0.45% at 6015.5 and the UK 100 futures contract in the U.K. down 0.15% at 6,761.1.

In U.S. on Wall Street, the Dow Jones Industrial Average closed 0.30% at 33171.4, the S&P 500 down 0.09% to 3971.1 and the Nasdaq 100 down 0.30% at 12941.7, NYSE closes at 15611.88 down 0.45%.

In the Forex market, GBPUSD up 0.14% at 1.37769. The USDJPY up 0.16% at 109.957. The USDCHF up 0.06% at 0.93952. EURUSD down 0.01% at 1.17628, EUR/GBP down 0.09% at 0.85382. The USD/CNY up 0.02% at 6.5709, at the time of writing.

In the commodity market U.S Gold futures down 0.29% at $1,707.04. Elsewhere, Silver futures down 0.19% to $24.585 per ounce, Platinum down 0.06% at $1172.85 per ounce, and Palladium up 0.12% to $2,539.00.

Crude Oil mix on Tuesday; Brent crude oil down 0.29% to $64.97 barrel while U.S. West Texas Intermediate (CLc1) is up 0.99% at $62.13.

In the Cryptocurrency Markets, BTCUSD at 57407.61 down 0.33%, Ethereum at 1798.35 down 1.04%, Litecoin at 190.54 down 1.63%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY:

FACEBOOK Inc. up 2.756% at $290.82, TWITTER Inc. up 2.742% at $62.94, KRAFT HEINZ Co. up 1.874% at $40.78, PEPSI Co Inc. up 1.479% at $144.81, OKTA Inc. up 1.586% at $215.82, MODERNA Inc. down 7.398% at $123.42, WORKDAY Inc. down 2.62% at $243.12, DOCUSIGN Inc. down 2.258% at $197.4.

Economic news:

US: The U.S. Customs has found forced labour practices in Top Glove Corp Bhd’s production of disposable gloves and directed its ports to seize goods from the manufacturer, it said on Monday.

In a statement overnight, U.S. Customs and Border Protection (CBP) said it has sufficient information to determine labour abuses at the world’s largest medical glove maker.

CBP issued an order in July last year that barred imports from two of Top Glove’s subsidiaries on suspicion of labour abuses.

The ban now extends “to all disposable gloves originating in Top Glove factories in Malaysia,” it told Reuters.

Top Glove shares fell nearly 5% in early morning trade.

Top Glove told Reuters its U.S. counsels are liaising with representatives from the CBP to obtain more clarity and information on the matter.

Eurozone: The European Central Bank must be cautious when it shifts away from its emergency stimulus even if the economy rebounds from the pandemic as predicted, according to outgoing policy maker Vitas Vasiliauskas.

The Governing Council member and head of Lithuania’s central bank, who steps down from those roles next month, said in an interview that the ECB should draw on its earlier experiences of tightening too soon. That means switching back to more-standard monetary tools only gradually.

Even after inflation is back to its pre-pandemic trajectory, policy makers will need to keep quantitative easing in place for “quite a while,” he predicted.

“I don’t think we can allow ourselves to make very sharp changes to our monetary policy, especially having in mind our historic experience,” Vasiliauskas said on Monday. “It would be better to live a little bit longer in the transitional situation.”

ECB officials have been forced to backtrack in the past decade after capping or withdrawing monetary support too soon. They halted bond purchases at the end of 2018 — only to restart buying within a year as the economy deteriorated — and were forced to reverse two interest-rate increases in 2011.

Important Data: US API Weekly Crude Oil Stock today at 16:30 previously which was 2.927M. US S&P/CS HPI Composite – 20 n.s.a. (YoY) (Jan) today at 9:00 this time estimated 11.0%, previously which was 10.1%. US CB Consumer Confidence (Mar)         today at 10:00 this time estimated 96.9, previously which was 91.3. JAPAN Industrial Production (MoM) (Feb) today at 19:50 this time estimated -1.2%, previously which was 4.3%.

TECHNICAL SUMMARY

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Re: Technical Analysis | Research Report 9th-oct-2020 By Capital Street Fx

TECHNICAL ANALYSIS REPORT – 02 APRIL 2021
Asian markets were set to open higher on Friday in a holiday-lightened trading session. The Shanghai composite is up 1.54% at 3,471.02. Overall, the Singapore MSCI up 1.97% at 364.40. Over in Hong Kong, the Hang Seng Index up 0.40% to 28,931. In Japan, the Nikkei 225 up 2.54% at 29,840, while the Topix index is down 0.15% at 1970.0. South Korea’s Kospi up 2.32% to 3111.61. Australia S&P/ASX 200 up 0.07% at 6828.7.

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

In U.S. on Wall Street, the Dow Jones Industrial Average closed 0.24% up at 33153.2, the S&P 500 up 1.14% to 4019.9 and the Nasdaq 100 up 3.01% at 13365.0, NYSE closes at 15752.24 up 0.44%.

In the Forex market, GBPUSD up 0.43% at 1.38403. The USDJPY up 0.77% at 110.516. The USDCHF up 0.29% at 0.94162. EURUSD down 0.14% at 1.17762, EUR/GBP down 0.48% at 0.85077. The USD/CNY up 0.30% at 6.5608, at the time of writing.

In the commodity market U.S Gold futures up 0.24% at $1,734.97. Elsewhere, Silver futures down 0.40% to $24.946 per ounce, Platinum up 2.32% at $1211.98 per ounce, and Palladium down 0.30% to $2,667.00.

Crude Oil up on Friday; Brent crude oil up 0.42% to $64.64 barrel while U.S. West Texas Intermediate (CLc1) is up 0.47% at $61.81.

In the Cryptocurrency Markets, BTCUSD at 59485.35 up 6.62%, Ethereum at 1991.66 up 18.09%, Litecoin at 204.27 up 10.81%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY:

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

Economic news:

US: U.S. employers likely stepped up hiring in March amid increased vaccinations and more pandemic relief money from the government, which would cement expectations for a boom that could push this year’s economic growth to the strongest since 1984.

The Labour Department’s closely watched employment report on Friday is also expected to show people, mostly women, wading back into the labour market, drawn by those brightening economic prospects. But the labour market is hardly out of the woods yet, with the job’s deficit still huge and long-term unemployment becoming entrenched.

“The economy is on fire, fuelled by vaccines and government stimulus,” said Sung Won Sohn, a finance and economics professor at Loyola Marymount University in Los Angeles. “All the stars are lined up to surprise us on the upside.”

Nonfarm payrolls likely surged by 647,000 jobs last month after increasing by 379,000 in February, according to a Reuters survey of economists. That would be the biggest gain since October. Estimates ranged from as low as 115,000 to as high as 1.1 million jobs.

Friday’s report marks a painful anniversary for the labour market. The March 2020 employment report was the first to reflect the mandatory closures of non-essential businesses such as restaurants, bars and gyms to slow the onset of the just-emerging COVID-19 pandemic. Nearly 1.7 million jobs were lost that month, and another 20.7 million would vanish the next.

Eurozone: Europe should match the ambition shown by the United States with its huge new economic stimulus, French Finance Minister Bruno Le Maire said on Thursday.

The new administration of U.S. President Joe Biden is already making payments to households under a new $1.9 trillion COVID-19 relief package and plans to plough $2.3 trillion into infrastructure investments to fire up the world’s biggest economy.

“Whatever we may think about it, the American stimulus plan shows ambition, and the return of U.S. ambition is a good thing,” Le Maire said in a speech at the Geneva Graduate Institute.

“The best response to U.S. ambition isn’t to fight it. It is to match it. Europe needs to challenge itself like America does,” he added.

While European countries’ support for their economies last year was on par with that seen in the United States, the new U.S. stimulus dwarves the European Union’s 750 billion euro ($881 billion) economic recovery plan.

Though the 27-nation bloc agreed the landmark stimulus fund last summer, EU governments are still submitting detailed plans on how they aim to spend money from the fund, which many still need to ratify.

Important Data: US Nonfarm Payrolls (Mar) today at 8:30 this time estimated 647K, previously which was 379K. US Unemployment Rate (Mar) today at 8:30 this time estimated 6.0%, previously which was 6.2%. US Government Payrolls (Mar) today at 8:30 previously which was -86K. US Average Hourly Earnings (YoY) (YoY) (Mar) today at 8:30 this time estimated 4.5%, previously which was 5.3%.

TECHNICAL SUMMARY

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Re: Technical Analysis | Research Report 9th-oct-2020 By Capital Street Fx

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

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

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

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

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

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

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

TOP STOCKS TO WATCH OUT TODAY:

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

Economic news:

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

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

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

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

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

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

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

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

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

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

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

TECHNICAL SUMMARY

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Re: Technical Analysis | Research Report 9th-oct-2020 By Capital Street Fx

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

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

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

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

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

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

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

TOP STOCKS TO WATCH OUT TODAY:

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

Economic news:

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

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

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

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

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

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

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

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

TECHNICAL SUMMARY

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Re: Technical Analysis | Research Report 9th-oct-2020 By Capital Street Fx

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

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

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

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

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

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

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

TOP STOCKS TO WATCH OUT TODAY:

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

Economic news:

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

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

Rouse told an online event that was faulty thinking.

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

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

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

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

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

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

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

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

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

TECHNICAL SUMMARY

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Re: Technical Analysis | Research Report 9th-oct-2020 By Capital Street Fx

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

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

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

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

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

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

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

TOP STOCKS TO WATCH OUT TODAY:

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

Economic news:

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

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

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

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

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

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

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

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

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

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

TECHNICAL SUMMARY

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Re: Technical Analysis | Research Report 9th-oct-2020 By Capital Street Fx

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

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

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

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

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

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

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

TOP STOCKS TO WATCH OUT TODAY:

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

Economic news:

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

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

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

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

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

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

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

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

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

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

TECHNICAL SUMMARY

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Re: Technical Analysis | Research Report 9th-oct-2020 By Capital Street Fx

TECHNICAL ANALYSIS REPORT – 13 APRIL 2021
ASIAN MARKET:-

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

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

EUROPEAN MARKET:-

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

US MARKET:-

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

FOREX MARKET:-

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

COMMODITY MARKET;-

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

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

CRYPTO-CURRENCY MARKET:-

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

TOP STOCKS TO WATCH OUT TODAY:

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

Economic news:

USA MARKET

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

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

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

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

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

EUROZONE:

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

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

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

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

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

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

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

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

TECHNICAL SUMMERY

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Re: Technical Analysis | Research Report 9th-oct-2020 By Capital Street Fx

TECHNICAL ANALYSIS REPORT – 16 APRIL 2021
ASIAN MARKET:-

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

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

EUROPEAN MARKET:-

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

US MARKET:-

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

FOREX MARKET:-

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

COMMODITY MARKET;-

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

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

CRYPTO-CURRENCY MARKET:-

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

TOP STOCKS TO WATCH OUT TODAY:


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

Economic news:

USA MARKET


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

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

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

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

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

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

EUROZONE:-


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

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

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

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

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

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

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

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

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

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

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

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

TECHNICAL SUMMARY

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Re: Technical Analysis | Research Report 9th-oct-2020 By Capital Street Fx

TECHNICAL ANALYSIS REPORT – 19 APRIL 2021
ASIAN MARKET:-

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

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

EUROPEAN MARKET:-

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

US MARKET:-

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

FOREX MARKET:-

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

COMMODITY MARKET;-

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

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

CRYPTO-CURRENCY MARKET:-

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

TOP STOCKS TO WATCH OUT TODAY:

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

Economic news:

USA MARKET

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

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

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

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

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

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

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

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

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

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

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

EUROZONE:-

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

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

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

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

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

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

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

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

TECHNICAL SUMMARY

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Re: Technical Analysis | Research Report 9th-oct-2020 By Capital Street Fx

TECHNICAL ANALYSIS REPORT – 20 APRIL 2021
ASIAN MARKET:-

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

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

EUROPEAN MARKET:-

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

US MARKET:-

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

FOREX MARKET:-

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

COMMODITY MARKET;-

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

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

CRYPTO-CURRENCY MARKET:-

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

TOP STOCKS TO WATCH OUT TODAY:

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

Economic news:

USA MARKET

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

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

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

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

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

EUROZONE:-

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

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

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

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

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

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

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

id.

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

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Re: Technical Analysis | Research Report 9th-oct-2020 By Capital Street Fx

TECHNICAL ANALYSIS REPORT – 21 APRIL 2021
ASIAN MARKET:-

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

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

EUROPEAN MARKET:-

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

US MARKET:-

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

FOREX MARKET:-

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

COMMODITY MARKET;-

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

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

CRYPTO-CURRENCY MARKET:-

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

TOP STOCKS TO WATCH OUT TODAY:

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

Economic news:

USA MARKET

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

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

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

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

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

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

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

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

EUROZONE:-

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

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

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

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

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

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

TECHNICAL SUMMARY

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