Daily Report
+1-949-335-4314
support@capitalstreetfx.com

Futures on major US indices were trading in negative territory at the time of writing. S&P 500 and Dow Jones futures inched down to 2875 and 25811 respectively at the time of writing.

On the economic front, U.S. Core CPI for July is scheduled to be released today at 8:30 a.m. ET. The CPI is expected to rise by 0.2% on a month-on-month basis.

European equities were trading lower on Tuesday morning. In the Cash Markets, the DAX 30 and the CAC 40 lost 0.73% and 0.41% respectively at the time of writing.

On the political front, the full Italian Senate will meet later today to set the date for a no-confidence motion in the government, after political leaders failed to reach an agreement over a time table for the debate.

On the data front, the German CPI (MoM) for July released earlier today came in at 0.5%. The CPI change was in line with market expectations.

Asia-Pacific stocks closed in negative territory on Tuesday. The Shanghai Composite inched down 0.63% to finish its trading day at 2,797.26. The Nikkei 225 fell 1.11% to close at 20,455.44. The ASX 200 dropped 0.33% to close at 6,568.50.

The Chinese central bank earlier today set the official midpoint reference for the yuan at 7.0326 per dollar. It was stronger than what markets had predicted.

On the economy front, the Japanese PPI (MoM) for July released earlier today came in at 0.0%. The PPI change was below the market expectation of a rise of 0.1%.

US Dollar Index futures edged down 0.03% to 97.15 at the time of writing. The yen today hovered near seven-month highs as traders unnerved by protests in Hong Kong, U.S.-China trade tensions and a crash in Argentina’s currency sought safety.

In the Commodity Markets, Gold and Silver rose to 1526.32 and 17.369 respectively at the time of writing. In news related to commodity markets, crude prices dropped today as weak demand forecasts countered expectations that major oil producers would support crude prices by limiting oil output.

In the Cryptocurrency Markets, Bitcoin inched down to 11,270.47 and Ethereum edged up to 210.91 at the time of writing. In news related to the Cryptocurrency markets, Prices of major cryptocurrencies dropped on Tuesday morning after news that the U.S. Securities and Exchange Commission delayed its decision on three Bitcoin exchange-traded proposals. According to the SEC document released on Monday, proposals by Bitwise Asset Management, Wilshire Phoenix and VanEck SolidX were delayed till mid-October.

 

TECHNICAL SUMMARY

 

GBP/USD

GBP/USD D1                    

TRADE SUGGESTION- STOP BUY AT 1.20800 TAKE PROFIT AT 1.21100 STOP LOSS AT 1.20650

 

EUR/USD

EUR/ USD D1

TRADE SUGGESTION- STOP BUY AT 1.12100 TAKE PROFIT AT 1.12400 STOP LOSS AT 1.11950

 

USD/CAD

USD/CAD D1

TRADE SUGGESTION- LIMIT BUY AT 1.32540 TAKE PROFIT AT 1.32740 STOP LOSS AT 1.32440

 

AUD/USD

AUD/USD D1

TRADE SUGGESTION- STOP BUY AT 0.67630 TAKE PROFIT AT 0.67850 STOP LOSS AT 0.67520

 

BRENT CRUDE

BRENT CRUDE D1

TRADE SUGGESTION- LIMIT SELL AT 58.62 TAKE PROFIT AT 57.92 STOP LOSS AT 58.97

 

SILVER

SILVER D1

TRADE SUGGESTION- LIMIT BUY AT 17.370 TAKE PROFIT AT 17.470 STOP LOSS AT 17.320

 

CAC 40

CAC 40 D1

TRADE SUGGESTION- LIMIT SELL AT 5310 TAKE PROFIT AT 5270 STOP LOSS AT 5330

 

DAX 30

DAX 30 D1

TRADE SUGGESTION- LIMIT SELL AT 11620 TAKE PROFIT 11550 AT STOP LOSS AT 11655