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

Futures on major US indices were trading in positive territory at the time of writing. S&P 500 and Dow Jones futures inched up to 2981.75 and 26938 respectively at the time of writing.

On the U.S.-China trade front, according to market sources, China has offered to raise U.S. agricultural purchases in exchange for a delay in tariffs and easing of a supply ban against Chinese tech giant Huawei Technologies.

On the economic front, the API reported late on Tuesday that U.S. crude inventories fell by 7.200 million barrels for the week ended September 06. Inventory data from the EIA will be released today at 10:30 a.m. ET. The EIA is expected to report a drop of 2.600 million barrels in US crude inventories for the week ended 6th September.

European equities were trading higher on Wednesday morning. In the Cash Markets, the FTSE 100 and the CAC 40 added 1.01% and 0.44% respectively at the time of writing.

Asia-Pacific stocks closed mixed on Wednesday. The Shanghai Composite declined 0.41% to close at 3,008.31. On the other hand, the ASX 200 added 0.36% to finish its trading day at 6,638.00. The Nikkei 225 advanced 0.96% to close at 21,597.76.

On the data front, Westpac Consumer Sentiment for September released earlier today came in at -1.7%. The index change was above the consensus estimates of a fall of 2%.

US Dollar Index futures inched up 0.46% to 98.61 at the time of writing. The Pound steadied today after its recent rebound, as traders assessed the chances the U.K. PM can strike a Brexit deal with the European Union. The Yen dropped today as the rush into safe-haven assets during the summer continued to unwind on the back of rising risk appetite.

In the Commodity Markets, Gold and Silver inched up to 1491.22 and 18.031 respectively at the time of writing. In news related to commodity markets, crude prices advanced today after an industry report showed U.S. crude stockpiles declined last week by more than twice the amount the markets had expected.

In the Cryptocurrency Markets, Bitcoin and Ethereum fell to 10,073.15 and 179.00 respectively at the time of writing. In news related to the Cryptocurrency markets, the financial watchdog FINMA said earlier today that Facebook’s Libra Cryptocurrency project was seeking a Swiss payment system license, adding the breadth of the planned services would require broader oversight.

 

TECHNICAL SUMMARY

 

GBP/USD

GBP/USD D1

TRADE SUGGESTION- STOP SELL AT 1.23500 TAKE PROFIT AT 1.23220 STOP LOSS AT 1.23640

 

USD/JPY

USD/JPY D1

TRADE SUGGESTION- STOP SELL AT 107.700 TAKE PROFIT AT 107.520 STOP LOSS AT 107.790

 

USD/CAD

USD/CAD D1

TRADE SUGGESTION- STOP SELL AT 1.31490 TAKE PROFIT AT 1.31290 STOP LOSS AT 1.31590

 

AUD/USD

AUD/USD D1

TRADE SUGGESTION- STOP BUY AT 0.68615 TAKE PROFIT AT 0.68815 STOP LOSS AT 0.68515

 

BRENT CRUDE

BRENT CRUDE D1

TRADE SUGGESTION- LIMIT BUY AT 62.80 TAKE PROFIT AT 63.50 STOP LOSS AT 62.45

 

SILVER

SILVER D1

TRADE SUGGESTION- STOP SELL AT 18.060 TAKE PROFIT AT 17.980 STOP LOSS AT 18.100

 

DJ EURO STOXX 50

DJ EURO STOXX 50

TRADE SUGGESTION- LIMIT BUY AT 3508 TAKE PROFIT AT 3520 STOP LOSS AT 3502

 

DAX 30

DAX 30 D1

TRADE SUGGESTION- LIMIT BUY AT 12345 TAKE PROFIT 12395 AT STOP LOSS AT 12320