Capital Street FX - Daily Market Update - EUR/USD, GBP/USD, GOLD, NASDAQ.

[CapitalStreetFX]

Futures on major US indices were trading in positive territory at the time of writing. Dow Jones and S&P 500 futures rose to 25031 and 3020.12 respectively at the time of writing.

On the earnings front, Hibbett Sports and Viomi Technology are scheduled to release their quarterly results before the market open on Tuesday.

On the economic front, US New Home Sales for April is scheduled to be released today at 10 am ET. Sales are expected to fall to 490K from 627K in the previous month.

European equities were trading higher on Tuesday morning. In the Cash Markets, the CAC 40 and the DAX 30 were up 1.39% and 1.00% respectively at the time of writing.

On the data front, GfK German Consumer Climate for June released earlier today came in at -18.9. The index reading was below the consensus estimates of -18.3.

Asia-Pacific markets closed in positive territory on Tuesday. The ASX 200 advanced 2.93% to close at 5,780. The Shanghai Composite rose 1.01% to finish its trading day at 2,846.55. The Nikkei 225 surged 2.55% to close at 21,271.17.

On the data front, the Japanese All Industry Activity Index (MoM) for March released earlier today came in at -3.8%. The index was better-than-the consensus estimates of a fall of 4.8%.

US Dollar Index futures inched down 0.70% to 99.09 at the time of writing. The pound advanced against the dollar today after the UK PM set out plans to reopen thousands of high street shops, department stores, and shopping centers in June. The euro rose today as growing optimism about a global recovery from the coronavirus pandemic supported riskier currencies.

In the Commodity Markets, Silver rose to 17.380 and Gold inched down to 1725.60 at the time of writing. In news related to commodity markets, crude prices gained today due to growing optimism in the market that producers will stick to commitments to lower oil supply and also on hopes for a recovery in oil demand.

In the Cryptocurrency Markets, Bitcoin rose to 8,862.28 and Ethereum fell to 202.01 at the time of writing. In news related to the cryptocurrency markets, prices of major cryptocurrencies were trading mostly lower on Tuesday morning. Bitcoin’s market capitalization rose to $162.94B at the time of writing.



TECHNICAL SUMMARY


EUR/USD

EUR/USD D1

TRADE SUGGESTION- STOP BUY AT 1.09610 TAKE PROFIT AT 1.10000 STOP LOSS AT 1.09410



USD/JPY

USD/JPY D1

TRADE SUGGESTION- LIMIT BUY AT 107.560 TAKE PROFIT AT 107.960 STOP LOSS AT 107.360



EUR/JPY

EUR/JPY D1

TRADE SUGGESTION- LIMIT BUY AT 117.900 TAKE PROFIT AT 118.300 STOP LOSS AT 117.700



AUD/USD

AUD/USD D1

TRADE SUGGESTION- STOP BUY AT 0.66410 TAKE PROFIT AT 0.66670 STOP LOSS AT 0.66280



NATURAL GAS

NATURAL GAS D1

TRADE SUGGESTION- STOP BUY AT 1.900 TAKE PROFIT AT 1.937 STOP LOSS AT 1.882



SILVER

SILVER D1

TRADE SUGGESTION- STOP BUY AT 17.300 TAKE PROFIT AT 17.600 STOP LOSS AT 17.150



NASDAQ 100

NASDAQ 100 D1

TRADE SUGGESTION- LIMIT BUY AT 9520 TAKE PROFIT AT 9620 STOP LOSS AT 9480



DOW JONES

DOW JONES D1

TRADE SUGGESTION- LIMIT BUY AT 24960 TAKE PROFIT AT 25360 STOP LOSS AT 24760

 

[CapitalStreetFX]

TECHNICAL ANALYSIS WITH CANDLESTICK CHARTS – 25 JANUARY 2022​

Asia Pacific stocks were down on Tuesday morning. The Shanghai composite is down 1.54% at 3,469.74. Overall, the Singapore MSCI down 1.88% at 331.75. Over in Hong Kong, the Hang Seng Index down 1.69% at 24,244.00. In Japan, the Nikkei 225 down 1.85% at 27,070.00, while the Topix index is down 1.79% at 1893.50. South Korea’s Kospi down 2.44% to 2723.96. Australia S&P/ASX 200 down 2.49% at 6961.60.

European equities Monday closing. The DAX futures contract in Germany traded down 3.80% at 15011.13, CAC 40 futures down 3.97% at 6787.80 and the UK 100 futures contract in the U.K. down 2.63% at 7,297.16.

In U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.29% at 34364.51. The S&P 500 up 0.28% at 4410.14 and the Nasdaq 100 up 0.49% at 14509.58, NYSE closes up 0.10% at 16413.96.

In the Forex market, GBPUSD down 0.14% at 1.34726. The USDJPY down 0.13% at 113.786. The USDCHF up 0.31% at 0.9159. EURUSD down 0.16% at 1.13061, EUR/GBP down 0.02% at 0.8391. The USD/CNY down 0.03% at 6.3284 at the time of writing.

In the commodity market U.S. Gold futures down 0.06% at $1,841.58. Elsewhere, Silver futures down 0.72% at $23.792 per ounce, Platinum down 1.07% at $1017.00 per ounce, and Palladium down 0.40% at $2136.50.

Crude Oil down on Tuesday; Brent crude oil down 0.31% at $86.82 per barrel while U.S. West Texas Intermediate (CLc1) down 0.39% at $83.49.

In the Cryptocurrency Markets, Bitcoin at 35848.58 down 1.79%, Ethereum down 2.27% at 2385.76, Litecoin at 107.26 down 2.07%, at the time of writing.

TECHNICAL REPORT​

GBPUSD​

EURUSD​

GBPJPY​