Technical Analysis Report Today – 10 September 2021

Technical Analysis

Technical Analysis Report Today – 10 September 2021

Asia Pacific stocks were mostly up on Friday morning. The Shanghai composite is up 0.63% at 3,715.85. Overall, the Singapore MSCI up 1.07% at 355.50. Over in Hong Kong, the Hang Seng Index up 1.87% at 26,125. In Japan, the Nikkei 225 up 0.47% at 30,130, while the Topix index is up 0.10% at 2068.5. South Korea’s Kospi up 0.39% to 3125.39. Australia S&P/ASX 200 up 0.51% at 7407.4.

European equities Thursday closing. The DAX futures contract in Germany traded up 0.08% at 15623.15, CAC 40 futures up 0.24% at 6684.73 and the UK 100 futures contract in the U.K. down 1.00% at 7,024.22.

In U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.43% at 34879.39. The S&P 500 down 0.46% at 4493.27 and the Nasdaq 100 up 0.19% at 15591.3, NYSE closes at 16663.12 down 0.41%.

In the Forex market, GBPUSD up 0.07% at 1.3843. The USDJPY up 0.20% at 109.89. The USDCHF down 0.01% at 0.9165. EURUSD up 0.03% at 1.18278, EUR/GBP up 0.01% at 0.8544. The USD/CNY down 0.21% at 6.4417 at the time of writing.

In the commodity market U.S. Gold futures up 0.47% at $1,802.41. Elsewhere, Silver futures up 0.78% to $24.219 per ounce, Platinum up 0.31% at $982.59 per ounce, and Palladium up 1.74% at $2,222.50.

Crude Oil mix on Friday; Brent crude oil up 1.00% at $72.05 per barrel while U.S. West Texas Intermediate (CLc1) is down 0.92% at $68.88.

In the Cryptocurrency Markets, BTCUSD at 46706.54 up 0.68%, Ethereum up 0.92% at 3455.41, Litecoin at 183.88 up 2.00%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY:

Moderna Inc. up 7.808% at $455.92, Willis Towers Watson PLC up 4.448% at $236,

KLA Corp. up 3.29% to $347.83, Biogen Inc. down 6.655% to $300.15, Seagen Inc. down 2.069% to $149.59, NetEase Inc. down 2.06% at $88.91.

Economic news:

US: Two Federal Reserve officials said on Thursday they would sell their individual stock holdings by the end of the month to address the appearance of conflicts of interest.

Dallas Fed President Robert Kaplan and Boston Fed President Eric Rosengren issued statements saying they would invest the proceeds of those sales in diversified index funds and cash savings and would not trade in those accounts as long as they are serving in their roles.

The announcements come after the official’s faced scrutiny over trades they made last year, according to their financial disclosure forms.

Eurozone: The Bank of England will raise borrowing costs by end-2022, earlier than previously thought, and there is a chance it comes even sooner as a solid economic recovery from the pandemic and high inflation may tip its hand, a Reuters poll found.

Like central banks across the world, the BoE slashed borrowing costs at the height of the coronavirus pandemic and also restarted its quantitative easing programme. But as daily deaths from COVID-19 have fallen thanks to extensive vaccination, much of life in Britain has returned to normal.

Bank Rate was seen rising to 0.25% in the fourth quarter of 2022 from its current record low of 0.10%, according to the Sept. 6-9 poll. In an August poll no change was expected until 2023.

Such a move would put the BoE ahead of the U.S. Federal Reserve, which is not forecast to raise interest rates until 2023, although the Fed is expected to announce a plan to taper its asset purchases this month, a separate Reuters poll found.

Important Data: US PPI (MoM) (Aug) today at 8:30 this time estimated 0.6%, previously which was 1.0%. CANADA Employment Change (Aug) today at 8:30 this time estimated 100K, previously which was 94K. CANADA Unemployment Rate (Aug) today at 08:30 this time estimated 7.3%, previously which was 7.5%. RUSSIA Interest Rate Decision (Sep) today at 6:30 this time estimated 7%, previously which was 6.5%.

TECHNICAL SUMMARY

GBPUSD

GBPUSD Technical Analysis
GBPUSD Technical Analysis

TRADE SUGGESTION- BUY AT 1.38425, TAKE PROFIT AT 1.38680 AND STOP LOSS AT 1.38132

EURUSD

EURUSD Technical Analysis
EURUSD Technical Analysis

TRADE SUGGESTION- BUY AT 1.18233, TAKE PROFIT AT 1.18426 AND STOP LOSS AT 1.18033

EURGBP

EURGBP Technical Analysis
EURGBP Technical Analysis

TRADE SUGGESTION- SELL AT 0.8537, TAKE PROFIT AT 0.8508 AND STOP LOSS AT 0.8548

EURJPY

EURJPY Technical Analysis
EURJPY Technical Analysis

TRADE SUGGESTION- BUY AT 129.952, TAKE PROFIT AT 130.216 AND STOP LOSS AT 129.829

S&P 500

S&P 500 Technical Analysis
S&P 500 Technical Analysis

TRADE SUGGESTION- SELL AT 4502.74 TAKE PROFIT AT 4479.23 AND STOP LOSS AT 4516.33

WTI CRUDE OIL

WTI CRUDE OIL Technical Analysis
WTI CRUDE OIL Technical Analysis

TRADE SUGGESTION- SELL AT 68.66 TAKE PROFIT AT 68.12 AND STOP LOSS AT 69.20

GOLD

GOLD Technical Analysis
GOLD Technical Analysis

TRADE SUGGESTION- BUY AT 1801.95, TAKE PROFIT AT 1806.82 AND STOP AT 1797.50

ETHEREUM

ETHEREUM Technical Analysis
ETHEREUM Technical Analysis

TRADE SUGGESTION- SELL AT 3418.90 TAKE PROFIT AT 3326.75 AND STOP AT 3539.31

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