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Asia Pacific stocks were mostly down on Monday morning. The Shanghai composite is up 0.75% at 3,609.52. Overall, the Singapore MSCI down 0.20% at 370.85. Over in Hong Kong, the Hang Seng Index up 0.17% at 26,153.00. In Japan, the Nikkei 225 down 0.87% at 28,620.00, while the Topix index is down 0.40% at 1996.0. South Korea’s Kospi up 0.48% to 3020.54. Australia S&P/ASX 200 up 0.34% at 7441.0.

European equities Friday closing. The DAX futures contract in Germany traded up 0.46% at 15542.98, CAC 40 futures up 0.71% at 6733.70 and the UK 100 futures contract in the U.K. up 0.14% at 7,231.8.

In U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.21% at 35677.03. The S&P 500 down 0.11% at 4544.91 and the Nasdaq 100 up 0.35% at 15392.4, NYSE closes at 17122.24 up 0.23%.

In the Forex market, GBPUSD up 0.13% at 1.376. The USDJPY up 0.19% at 113.686. The USDCHF up 0.13% at 0.9172. EURUSD up 0.01% at 1.1646, EUR/GBP up 0.02% at 0.84597. The USD/CNY down 0.03% at 6.3818 at the time of writing.

In the commodity market U.S. Gold futures up 0.23% at $1,796.47. Elsewhere, Silver futures up 0.41% to $24.39 per ounce, Platinum up 0.09% at $1041.47 per ounce, and Palladium up 0.42% at $2032.00.

Crude Oil up on Monday; Brent crude oil up 0.37% at $86.02 per barrel while U.S. West Texas Intermediate (CLc1) is up 0.14% at $80.24.

In the Cryptocurrency Markets, BTCUSD at 62002.00 up 1.79%, Ethereum up 1.02% at 4123.95, Litecoin at 193.17 up 1.24%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY:

eBay Inc. up 5.747% at $80.59, Equifax Inc. up 5.014% at $268.28, Intel Corp. down 11.679% to $49.46, Twitter Inc. down 4.832% to $62.24, Moderna Inc. down 3.837% to $326.54, Hasbro Inc. down 3.201% at $89.50.

Economic news:

US: U.S. Treasury Secretary Janet Yellen said on Sunday that the United States was not losing control of inflation, and that she expected inflation levels to return to normal by the second half of next year.

Yellen, in an interview on CNN, said spending in President Joe Biden’s domestic infrastructure and Build Back Better packages would be allocated over the next 10 years, but she did not say whether that would exacerbate inflation.

“I don’t think we’re about to lose control of inflation,” Yellen said.

“On a 12-month basis, the inflation rate will remain high into next year because of what’s already happened. But I expect improvement by the middle to end of next year – second half of next year,” Yellen said.

Supply chain snags have bedevilled the United States and other countries as economic reopening spur a surge in demand.

Eurozone: The European Central Bank should tighten the rules governing personal investments by its policymakers if it wants to steer clear of controversies like that embroiling the Federal Reserve, lawmakers, academics and transparency activists say.

Their proposals include having the euro zone’s rate-setters only invest via wealth managers, publishing the time of any personal trade, and barring them from touching securities that directly benefit from the ECB’s asset-purchase programmes.

The Fed on Thursday banned individual stock purchases by its top officials and unveiled other restrictions after an uproar over trades made in 2020, when the U.S. central bank intervened to stop a collapse in financial markets as the pandemic raged.

The ECB’s own disclosures for last year show 13 of the 25 members of the Governing Council picked their own funds, stocks and bonds – in some cases including government bonds the ECB is hoovering up under its stimulus programmes or shares in companies whose debt it buys.

Ten rate-setters had no or negligible investments while two had an independent manager look after their wealth.

There has been no suggestion of wrongdoing by any of the ECB’s policymakers, whose decisions – such as setting interest rates or buying trillions of euros worth of bonds – influence financial markets.

Important Data: JAPAN Leading Index (MoM) today at 1:00 this time estimated -2.3%, previously which was -0.1%. German Current Assessment (Oct) at 4:00 this time estimated 99.4, previously which was 100.4. CANADA Wholesale Sales (MoM) today at 8:30 previously which was 0.3%. US 3-Month Bill Auction today at 11:30 previously which was 0.055%.

TECHNICAL SUMMARY

TECHNICAL ANALYSIS WITH CANDLESTICK CHARTS – 27 OCTOBER 2021
Asia Pacific stocks were mostly down on Wednesday morning as investors remained concerned about the risk from elevated inflation. The Shanghai composite is down 1.16% at 3,555.93. Overall, the Singapore MSCI up 0.27% at 371.55. Over in Hong Kong, the Hang Seng Index down 1.84% at 25,558.00. In Japan, the Nikkei 225 down 0.38% at 29,020.00, while the Topix index is down 0.52% at 2010.5. South Korea’s Kospi down 0.77% to 3025.49. Australia S&P/ASX 200 up 0.07% at 7448.7.

European equities Tuesday closing. The DAX futures contract in Germany traded up 1.01% at 15757.06, CAC 40 futures up 0.80% at 6766.52 and the UK 100 futures contract in the U.K. down 0.04% at 7,272.7.

In U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.04% at 35756.89. The S&P 500 up 0.18% at 4574.80 and the Nasdaq 100 up 0.31% at 15584.5, NYSE closes at 17145.14 down 0.14%.

In the Forex market, GBPUSD up 0.07% at 1.377. The USDJPY down 0.09% at 114.027. The USDCHF down 0.12% at 0.9186. EURUSD up 0.08% at 1.1605, EUR/GBP up 0.11% at 0.84258. The USD/CNY up 0.01% at 6.3838 at the time of writing.

In the commodity market U.S. Gold futures down 0.18% at $1,790.15. Elsewhere, Silver futures down 0.51% to $24.03 per ounce, Platinum down 0.62% at $1023.11 per ounce, and Palladium up 0.17% at $2014.00.

Crude Oil mix on Wednesday; Brent crude oil down 0.86% at $85.36 per barrel while U.S. West Texas Intermediate (CLc1) is up 1.18% at $84.68.

In the Cryptocurrency Markets, BTCUSD at 60880.79 up 0.92%, Ethereum up 2.95% at 4253.95, Litecoin at 200.22 up 1.40%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY:

NVIDIA Corp. up 6.695% at $247.17, S&P Global Inc. up 3.856% at $464.62, IHS Markit Ltd. up 3.486% to $128.25, Facebook down 3.919% to $315.81, Baidu Inc. down 3.784% to $168.83, JD.Com Inc. down 3.288% at $81.48.

Economic news:

US: U.S. consumer confidence unexpectedly rose in October as concerns about high inflation were offset by improving labour market prospects, suggesting economic growth was picking up after a turbulent third quarter.

The survey from the Conference Board on Tuesday showed consumers eager to buy a home and big-ticket item such as motor vehicles and major household appliances over the next six months. The share of Americans planning to go on vacation was the largest since February 2020, just before the nation was slammed by the first wave of COVID-19 infections.

A resurgence in coronavirus cases over the summer, driven by the Delta variant, and supply-chain constraints related to the pandemic restrained economic activity last quarter.

“Consumers are more upbeat after a rocky third quarter and this argues for a strong finish for the economy in 2021,” said Christopher Rupkey, chief economist at FWDBONDS in New York. “Consumers know the tight labour market has their backs. Those forecasting a recession from the drop in the confidence late in the summer will have to back off that call.”

Eurozone: British finance minister Rishi Sunak will try to show that he is moving on from the COVID-19 pandemic on Wednesday when he announces multi-billion-pound investments to help Prime Minister Boris Johnson meet his spending promises to voters.

But Sunak, who has racked up the biggest ever peacetime budget deficit to combat the coronavirus, will also keep a tight grip on day-to-day spending by many government departments, something that could slow Britain’s still incomplete recovery.

As well as a budget update – which for once is not expected to include emergency stimulus measures – Sunak will announce a three-year spending plan with investments in public transport, skills training and other projects to advance Johnson’s plan to “level up” poorer regions of the country.

At the same time, he will try to burnish the government’s low-carbon credentials before Britain hosts the COP26 climate summit starting next week.

“Today’s budget begins the work of preparing for a new economy post-COVID…, an economy fit for a new age of optimism,” Sunak is due to say, according to excerpts of his speech released by the finance ministry.

Important Data: US Core Durable Goods Orders (MoM) (Sep) today at 8:30 this time estimated 0.4%, previously which was 0.3%. CANADA BoC Interest Rate Decision at 10:00 this time estimated 0.25%, previously which was 0.25%. US Crude Oil Inventories today at 10:30 this time estimated 1.914M, previously which was -0.431M. JAPAN Retail Sales (YoY) (Sep) today at 19:50 this time estimated

-2.3%, previously which was -3.2%.   

TECHNICAL SUMMARY

TECHNICAL ANALYSIS WITH CANDLESTICK CHARTS – 28 OCTOBER 2021
Asia Pacific stocks were mostly down on Thursday morning. The Shanghai composite is down 1.16% at 3,521.29. Overall, the Singapore MSCI down 0.36% at 369.15. Over in Hong Kong, the Hang Seng Index down 0.32% at 25,560.00. In Japan, the Nikkei 225 down 0.83% at 28,760.00, while the Topix index is down 0.65% at 1995.5. South Korea’s Kospi down 0.53% to 3009.55. Australia S&P/ASX 200 down 0.25% at 7430.4.

European equities Wednesday closing. The DAX futures contract in Germany traded down 0.33% at 15705.81, CAC 40 futures down 0.19% at 6753.53 and the UK 100 futures contract in the U.K. down 0.06% at 7,249.4.

In U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.74% at 35490.70. The S&P 500 down 0.51% at 4551.67 and the Nasdaq 100 up 0.10% at 15622.9, NYSE closes at 16920.38 down 1.31%.

In the Forex market, GBPUSD up 0.05% at 1.374. The USDJPY down 0.20% at 113.598. The USDCHF up 0.09% at 0.9188. EURUSD down 0.01% at 1.1600, EUR/GBP down 0.01% at 0.84382. The USD/CNY up 0.10% at 6.3977 at the time of writing.

In the commodity market U.S. Gold futures up 0.32% at $1,801.75. Elsewhere, Silver futures down 0.04% to $24.04 per ounce, Platinum up 0.80% at $1016.09 per ounce, and Palladium up 1.15% at $1984.50.

Crude Oil down on Thursday; Brent crude oil down 0.78% at $83.50 per barrel while U.S. West Texas Intermediate (CLc1) is down 2.34% at $82.70.

In the Cryptocurrency Markets, BTCUSD at 59217.31 up 1.29%, Ethereum up 2.94% at 4038.59, Litecoin at 184.40 up 2.88%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY:

Teradyne Inc. up 6.878% at $123.07, Masco Corp. up 5.206% at $64.26, Microsoft Corp. up 4.211% to $323.17, Twitter Inc down 10.777% to $54.81, Fiserv Inc. down 10.024% to $98.83, Visa Inc. down 6.919% at $215.78.

Economic news:

US: U.S. Treasury Secretary Janet Yellen will use her third trip to Europe to push a slew of White House global economic priorities on corporate taxes, climate financing, preventing new pandemics and easing inflationary supply chain disruptions.

Over the next week, she will make the pitches at Group of 20 meetings in Rome and at the United Nations Climate Change Conference 26 (COP26) in Glasgow, with an interim stop in Ireland to thank the low-tax country for its hard-fought decision to support a deal for a 15% global minimum corporate tax.

U.S. President Joe Biden and other G20 leaders at a weekend summit are expected to endorse the tax deal agreed by 136 countries, cementing progress made this year under Yellen’s leadership.

Eurozone: The European Union published draft laws on Wednesday to “faithfully” implement the final batch of tougher global bank capital rules from 2025, two years later than agreed internationally.

Following the initial batch of rules, banks in Europe hold roughly triple the amount of capital that they did in the run up to the 2007-09 global financial crisis that saw governments bail out collapsing lenders.

Brussels says its proposals would modestly increase capital requirements by less than 9% on average by 2030, but banks argue the hit will be bigger in practice and will make it harder for them to help the economy recover from COVID-19.

The European Parliament and EU states have the final say on the European Commission’s proposals for transposing the ‘Basel III’ global bank capital accord, with haggling and tweaks likely.

“We are faithfully implementing the agreement on Basel III while taking into account some European specificities, and ensuring it does not lead to a significant overall increase in capital requirements,” European Commission Executive Vice President Valdis Dombrovskis told reporters.

Important Data: Germany Unemployment Rate (Oct) today at 3:55 this time estimated 5.4%, previously which was 5.5%. EURO ZONE Deposit Facility Rate (Oct) at 7:45 this time estimated -0.50%, previously which was -0.50%. US GDP (QoQ) (Q3) today at 8:30 this time estimated 2.7%, previously which was 6.7%. US Initial Jobless Claims today at 8:30 this time estimated 290K, previously which was 290K.

TECHNICAL SUMMARY

GBPUSD

Technical analysis
Technical analysis
TRADE SUGGESTION- BUY AT 1.37502, TAKE PROFIT AT 1.37864 AND STOP LOSS AT 1.37297

EURUSD

Technical analysis
Technical analysis
TRADE SUGGESTION- SELL AT 1.15964, TAKE PROFIT AT 1.15803 AND STOP LOSS AT 1.16136

USDJPY

Technical analysis
Technical analysis
TRADE SUGGESTION- BUY AT 113.664, TAKE PROFIT AT 113.849 AND STOP LOSS AT 113.446

USDCHF

Technical analysis
Technical analysis
TRADE SUGGESTION- SELL AT 0.91846, TAKE PROFIT AT 0.91703 AND STOP LOSS AT 0.92040.

HANG SENG

Technical analysis
Technical analysis
TRADE SUGGESTION- SELL AT 25516.00 TAKE PROFIT AT 25312.00 AND STOP LOSS AT 25637.00

WTI CRUDE OIL

Technical analysis
Technical analysis
TRADE SUGGESTION- SELL AT 81.75 TAKE PROFIT AT 79.37 AND STOP LOSS AT 83.70

GOLD

Technical analysis
Technical analysis
TRADE SUGGESTION- BUY AT 1803.10, TAKE PROFIT AT 1806.73 AND STOP AT 1797.76

BTCUSD

Technical analysis
Technical analysis
TRADE SUGGESTION- SELL AT 58911.99 TAKE PROFIT AT 57962.51 AND STOP AT 59975.14

TECHNICAL ANALYSIS WITH CANDLESTICK CHARTS – 29 OCTOBER 2021
Asia Pacific stocks were mostly down on Friday morning. The Shanghai composite is up 0.16% at 3,523.93. Overall, the Singapore MSCI up 0.80% at 370.90. Over in Hong Kong, the Hang Seng Index up 0.04% at 25,424.00. In Japan, the Nikkei 225 up 0.73% at 28,980.00, while the Topix index is up 0.35% at 2002.5. South Korea’s Kospi down 0.65% to 2990.11. Australia S&P/ASX 200 down 0.71% at 7377.5.

European equities Thursday closing. The DAX futures contract in Germany traded down 0.06% at 15696.33, CAC 40 futures up 0.75% at 6804.22 and the UK 100 futures contract in the U.K. down 0.05% at 7,249.48.

In U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.68% at 35730.49. The S&P 500 up 0.98% at 4596.41 and the Nasdaq 100 down 0.02% at 15684.4, NYSE closes at 17076.99 up 0.93%.

In the Forex market, GBPUSD up 0.06% at 1.3794. The USDJPY up 0.04% at 113.614. The USDCHF down 0.01% at 0.9117. EURUSD down 0.01% at 1.1677, EUR/GBP down 0.05% at 0.84649. The USD/CNY down 0.01% at 6.3908 at the time of writing.

In the commodity market U.S. Gold futures down 0.10% at $1,797.24. Elsewhere, Silver futures down 0.44% to $23.95 per ounce, Platinum up 0.32% at $1020.24 per ounce, and Palladium up 0.13% at $1995.00.

Crude Oil mix on Friday; Brent crude oil down 0.05% at $84.46 per barrel while U.S. West Texas Intermediate (CLc1) is up 0.16% at $82.83.

In the Cryptocurrency Markets, BTCUSD at 61686.80 up 1.81%, Ethereum up 2.11% at 4380.12, Litecoin at 193.10 up 1.82%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY:
Gap Inc. up 5.515% at $22.96, Nielsen Holdings PLC. up 6.54% at $20.69, eBay Inc. down 6.76% to $72.41, Visa Inc. down 2.753% to $209.84, Autozone Inc. down 2.506% to $1780.1, Teleflex Inc. down 5.163% at $347.36.

ECONOMIC NEWS:
US: Contracts to buy U.S. previously owned homes unexpectedly fell in September likely as some potential buyers delayed purchases amid higher prices.

The National Association of Realtors (NAR) said on Thursday its Pending Home Sales Index, based on signed contracts, decreased 2.3% last month to 116.7. Pending home sales fell in all four regions.

Economists polled by Reuters had forecast contracts, which become sales after a month or two, would be unchanged. Pending home sales dropped 8.0% in September on a year-on-year basis. Scarce inventory has led to double-digit growth in home prices.

“Some potential buyers have momentarily paused their home search with intentions to resume in 2022,” said Lawrence Yun, NAR’s chief economist.

Eurozone: European Central Bank President Christine Lagarde acknowledged on Thursday that inflation will be high for even longer but pushed back against market bets that price pressures would trigger an interest rate hike as soon as next year.

With central banks around the world signalling tighter policy amid rising prices, Lagarde said the ECB had done much “soul-searching” over its stance but concluded that inflation was still temporary, so a policy response would be premature.

“We talked about inflation, inflation, inflation,” Lagarde told a news conference following the ECB’s policy meeting.

She identified higher energy prices, a global mismatch between recovering demand and supply, and one-off base effects such as the end of a cut in German sales taxes as the three main factors temporarily driving euro zone inflation.

“While inflation will take longer to decline than previously expected, we expect these factors to ease in the course of next year … We continue to see inflation in the medium term below our 2% target,” Lagarde said.

Important Data: UK Nationwide HPI (YoY) (Oct) today at 3:00 this time estimated 9.3%, previously which was 10.0%. EURO ZONE CPI (YoY) (Oct) at 5:00 this time estimated 3.7%, previously which was 3.4%. CANADA GDP (MoM) (Aug) today at 8:30 this time estimated 0.7%, previously which was -0.1%. US PCE Price index (YoY) (Sep) today at 8:30 previously which was 4.3.

TECHNICAL SUMMARY

TECHNICAL ANALYSIS WITH CANDLESTICK CHARTS – 01 NOVEMBER 2021
Asia Pacific stocks were mixed on Monday morning. The Shanghai composite is down 0.06% at 3,545.18. Overall, the Singapore MSCI up 0.42% at 369.55. Over in Hong Kong, the Hang Seng Index down 0.87% at 25,087.00. In Japan, the Nikkei 225 up 3.02% at 29,650.00, while the Topix index is up 2.63% at 2044.5. South Korea’s Kospi down 0.28% to 2978.86. Australia S&P/ASX 200 up 0.64% at 7370.8.

European equities Friday closing. The DAX futures contract in Germany traded down 0.05% at 15688.77, CAC 40 futures up 0.38% at 6830.34 and the UK 100 futures contract in the U.K. up 0.07% at 7,257.30.

In U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.25% at 35819.57. The S&P 500 up 0.20% at 4605.39 and the Nasdaq 100 down 0.02% at 15875.5, NYSE closes at 17016.40 down 0.35%.

In the Forex market, GBPUSD down 0.06% at 1.36742. The USDJPY up 0.28% at 114.302. The USDCHF up 0.18% at 0.91681. EURUSD down 0.05% at 1.1555, EUR/GBP up 0.19% at 0.84507. The USD/CNY up 0.06% at 6.4007 at the time of writing.

In the commodity market U.S. Gold futures flat at $1,782.71. Elsewhere, Silver futures down 0.28% to $23.80 per ounce, Platinum up 0.96% at $1028.37 per ounce, and Palladium down 0.52% at $1994.50.

Crude Oil mix on Monday; Brent crude oil down 0.29% at $83.38 per barrel while U.S. West Texas Intermediate (CLc1) is up 0.80% at $83.49.

In the Cryptocurrency Markets, BTCUSD at 60660.09 down 1.14%, Ethereum down 1.27% at 4234.17, Litecoin at 191.73 down 0.18%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY:

eBay Inc. up 5.952% at $76.72, Dexcom Inc. up 9.274% at $623.21, KLA Corp. up 4.902% to $372.76, Western Digital Corp. down 8.712% to $52.29, Starbucks Corp. down 6.299% to $106.07, MetLife Inc. down 3.784% at $62.80.

TECHNICAL ANALYSIS WITH CANDLESTICK CHARTS – 02 NOVEMBER 2021
Asia Pacific stocks were mostly up on Tuesday morning. The Shanghai composite is down 1.18% at 3,502.54. Overall, the Singapore MSCI up 0.27% at 370.80. Over in Hong Kong, the Hang Seng Index down 0.06% at 25,089.00. In Japan, the Nikkei 225 down 0.17% at 29,500.00, while the Topix index is down 0.64% at 2026.0. South Korea’s Kospi up 1.16% to 3013.49. Australia S&P/ASX 200 down 0.63% at 7324.3.

European equities Monday closing. The DAX futures contract in Germany traded up 0.75% at 15806.29, CAC 40 futures up 0.92% at 6893.30 and the UK 100 futures contract in the U.K. down 0.25% at 7,284.80.

In U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.26% at 35913.85. The S&P 500 up 0.18% at 4613.68 and the Nasdaq 100 flat at 15903.0, NYSE closes at 17131.08 up 0.67%.

In the Forex market, GBPUSD down 0.02% at 1.36513. The USDJPY down 0.28% at 113.677. The USDCHF up 0.06% at 0.90957. EURUSD down 0.02% at 1.16039, EUR/GBP up 0.13% at 0.84999. The USD/CNY up 0.02% at 6.3987 at the time of writing.

In the commodity market U.S. Gold futures up 0.04% at $1,794.15. Elsewhere, Silver futures down 0.28% to $23.96 per ounce, Platinum down 0.50% at $1057.69 per ounce, and Palladium down 0.29% at $2050.00.

Crude Oil up on Tuesday; Brent crude oil up 0.73% at $85.13 per barrel while U.S. West Texas Intermediate (CLc1) is up 0.40% at $83.82.

In the Cryptocurrency Markets, BTCUSD at 61664.05 up 1.23%, Ethereum up 1.08% at 4370.77, Litecoin at 196.72 down 0.48%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY:
Tesla Inc. up 8.491% at $1208.59, Ford Motor Co. up 5.094% at $17.95, Devon Energy Corp. up 4.766% to $41.99, Fortinet Inc. down 3.636% to $324.11, ETSY Inc. down 2.82% to $243.62, IHS Markit Ltd. down 2.808% at $127.05.

TECHNICAL ANALYSIS WITH CANDLESTICK CHARTS – 03 NOVEMBER 2021
Asia Pacific stocks were mostly down on Wednesday morning. The Shanghai Composite is down 0.15% at 3,501.02. Overall, the Singapore MSCI up 0.04% at 371.55. Over in Hong Kong, the Hang Seng Index down 0.17% at 24,965.00. In Japan, the Nikkei 225 up 0.07% at 29,520.00, while the Topix index is up 0.15% at 2029.0. South Korea’s Kospi down 1.25% to 2975.71. Australia S&P/ASX 200 up 0.93% at 7392.7.

European equities Tuesday closing. The DAX futures contract in Germany traded up 0.94% at 15954.45, CAC 40 futures up 0.49% at 6927.04 and the UK 100 futures contract in the U.K. down 0.07% at 7,267.50.

In U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.39% at 36052.64. The S&P 500 up 0.37% at 4630.66 and the Nasdaq 100 down 0.02% at 15970.4, NYSE closes down 0.09% at 17115.17.

In the Forex market, GBPUSD up 0.13% at 1.36283. The USDJPY down 0.11% at 113.828. The USDCHF down 0.08% at 0.91381. EURUSD up 0.04% at 1.15831, EUR/GBP down 0.06% at 0.84978. The USD/CNY down 0.01% at 6.3986 at the time of writing.

In the commodity market U.S. Gold futures down 0.37% at $1,780.78. Elsewhere, Silver futures down 0.22% to $23.45per ounce, Platinum down 0.07% at $1036.40 per ounce, and Palladium up 0.57% at $2023.00.

Crude Oil down on Wednesday; Brent crude oil down 0.29% at $83.88 per barrel while U.S. West Texas Intermediate (CLc1) is down 0.07% at $83.76.

In the Cryptocurrency Markets, BTCUSD at 62887.46 down 0.59%, Ethereum down 0.75% at 4561.31, Litecoin at 205.72 up 2.40%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY:
A O Smith Corp. up 4.9% at $78.36, KLA Corp. up 2.233% at $388.75, NVIDIA Corp. up 2.223% to $264.01, Amgen Inc. up 2.131% to $214.26, Tesla Inc. down 3.028% to $1,172, Fiserv Inc. down 2.559% at $99.38.

TECHNICAL ANALYSIS WITH CANDLESTICK CHARTS – 04 NOVEMBER 2021
Asia Pacific stocks were up on Thursday morning. The Shanghai composite is up 0.70% at 3,522.49. Overall, the Singapore MSCI up 0.28% at 372.80. Over in Hong Kong, the Hang Seng Index up 0.23% at 25,064.00. In Japan, the Nikkei 225 up 0.81% at 29,740.00, while the Topix index is up 1.23% at 2051.0. South Korea’s Kospi up 0.22% to 2982.12. Australia S&P/ASX 200 up 0.36% at 7419.0.

European equities Wednesday closing. The DAX futures contract in Germany traded up 0.03% at 15959.98, CAC 40 futures up 0.34% at 6950.66 and the UK 100 futures contract in the U.K. down 0.02% at 7,274.7.

In U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.29% at 36157.59. The S&P 500 up 0.01% at 4661.2 and the Nasdaq 100 up 0.18% at 16175.2, NYSE closes up 0.55% at 17209.74.

In the Forex market, GBPUSD down 0.21% at 1.36571. The USDJPY up 0.14% at 114.157. The USDCHF up 0.08% at 0.91243. EURUSD down 0.20% at 1.15885, EUR/GBP up 0.06% at 0.84851. The USD/CNY down 0.19% at 6.3940 at the time of writing.

In the commodity market U.S. Gold futures up 0.34% at $1,774.60. Elsewhere, Silver futures up 0.24% to $23.53 per ounce, Platinum up 0.96% at $1039.30 per ounce, and Palladium up 1.05% at $2024.00.

Crude Oil mix on Thursday; Brent crude oil up 0.28% at $81.54 per barrel while U.S. West Texas Intermediate (CLc1) is down 2.59% at $81.59.

In the Cryptocurrency Markets, BTCUSD at 62562.87 down 0.62%, Ethereum down 0.81% at 4569.75, Litecoin at 203.11 down 1.97%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY:
Gap Inc. up 5.415% at $24.53, PVH Corp. up 5.29% at $118.62, Gartner Inc. down 4.142% to $325.62, Dexcom Inc. down 3.111% to $619.74, Autodesk Inc. down 2.08% to $308.37, Workday Inc. down 0.797% at $288.96.

TECHNICAL ANALYSIS WITH CANDLESTICK CHARTS – 08 NOVEMBER 2021
Asia Pacific stocks were mostly down on Monday morning. The Shanghai Composite is up 0.23% at 3,499.34. Overall, the Singapore MSCI up 0.72% at 375.35. Over in Hong Kong, the Hang Seng Index down 0.52% at 24,740.00. In Japan, the Nikkei 225 is down 0.34% at 29,520.00, while the Topix index is down 0.02% at 2035.0. South Korea’s Kospi down 0.24% to 2962.01. Australia S&P/ASX 200 down 0.06% at 7452.2.

European equities Friday closing. The DAX futures contract in Germany traded up 0.15% at 16054.36, CAC 40 futures up 0.76% at 7040.80 and the UK 100 futures contract in the U.K. down 0.03% at 7,306.00.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.56% at 36327.96. The S&P 500 up 0.37% at 4697.54 and the Nasdaq 100 down 0.22% at 16319.9, NYSE closes up 0.43% at 17242.35.

In the Forex market, GBPUSD down 0.04% at 1.34888. The USDJPY up 0.18% at 113.595. The USDCHF up 0.10% at 0.91298. EURUSD down 0.02% at 1.15659, EUR/GBP up 0.14% at 0.85739. The USD/CNY down 0.02% at 6.3970 at the time of writing.

In the commodity market U.S. Gold futures up 0.16% at $1,819.63. Elsewhere, Silver futures up 0.51% to $24.277 per ounce, Platinum up 0.87% at $1043.57 per ounce, and Palladium up 0.81% at $2052.00.

Crude Oil up on Monday; Brent crude oil up 1.60% at $83.64 per barrel while U.S. West Texas Intermediate (CLc1) is up 1.94% at $81.79.

In the Cryptocurrency Markets, BTCUSD at 65946.35 down 4.16%, Ethereum up 3.04% at 4757.83, Litecoin at 207.91 up 2.87%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY: (https://www.capitalstreetfx.com/en/technicalanalysis/technical-analysis-4/)
Expedia Group Inc. up 15.627% at $182.17, Pfizer Inc. up 10.855% at $48.61,

Carnival Corp. up 8.348% to $24.79, Moderna Inc. down 16.559% to $236.99, ETSY Inc. down 4.11% to $260.12, Netflix Inc. down 3.393% at $645.72.

TECHNICAL ANALYSIS WITH CANDLESTICK CHARTS – 11 NOVEMBER 2021
Asia Pacific stocks were mostly up on Thursday morning. The Shanghai composite is up 0.95% at 3,525.33. Overall, the Singapore MSCI down 0.09% at 368.95. Over in Hong Kong, the Hang Seng Index down 0.26% at 24,954.00. In Japan, the Nikkei 225 up 0.58% at 29,280.00, while the Topix index is up 0.27% at 2015.0. South Korea’s Kospi down 0.37% to 2919.24. Australia S&P/ASX 200 down 0.57% at 7381.9.

European equities Wednesday closing. The DAX futures contract in Germany traded up 0.17% at 16067.83, CAC 40 futures up 0.03% at 7045.17 and the UK 100 futures contract in the U.K. up 0.91% at 7,340.15.

In U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.66% at 36079.95. The S&P 500 down 0.82% at 4646.70 and the Nasdaq 100 up 0.23% at 16030.8, NYSE closes down 0.55% at 17192.03.

In the Forex market, GBPUSD up 0.12% at 1.34183. The USDJPY up 0.05% at 113.96. The USDCHF up 0.08% at 0.91883. EURUSD up 0.01% at 1.14793, EUR/GBP down 0.06% at 0.85549. The USD/CNY up 0.25% at 6.4042 at the time of writing.

In the commodity market U.S. Gold futures up 0.33% at $1,855.06. Elsewhere, Silver futures up 1.11% to $24.883 per ounce, Platinum up 0.87% at $1075.24 per ounce, and Palladium up 0.30% at $2032.50.

Crude Oil mix on Thursday; Brent crude oil up 0.29% at $82.78 per barrel while U.S. West Texas Intermediate (CLc1) is down 1.67% at $82.07.

In the Cryptocurrency Markets, BTCUSD at 64740.31 down 0.28%, Ethereum up 0.50% at 4657.49, Litecoin at 257.53 down 1.15%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY: (https://www.capitalstreetfx.com/en/technicalanalysis/technical-analysis-with-candlestick-charts-11-november-2021/)

Tesla Inc. up 4.343% at $1,067.95, Mastercard Inc. up 3.856% at $357.94, Pfizer Inc. up 3.636% to $49.02, Hess Corp. down 5.214% to $81.80, Fortinet Inc. down 4.555% to $333.16, DocuSign Inc. down 7.09% at $255.66.

TECHNICAL ANALYSIS WITH CANDLESTICK CHARTS – 15 NOVEMBER 2021
Asia Pacific stocks were mixed on Monday morning. The Shanghai Composite is down 0.16% at 3,533.06. Overall, the Singapore MSCI is up 0.08% at 369.60. Over in Hong Kong, the Hang Seng Index down 0.15% at 25,271.00. In Japan, the Nikkei 225 up 0.54% at 29,760.00, while the Topix index is up 0.42% at 2047.0. South Korea’s Kospi up 1.11% to 3001.63. Australia S&P/ASX 200 up 0.36% at 7470.1.

European equities Friday closing. The DAX futures contract in Germany traded up 0.07% at 16094.07, CAC 40 futures up 0.45% at 7091.41 and the UK 100 futures contract in the U.K. down 0.05% at 7,344.50.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.50% at 36100.32. The S&P 500 up 0.72% at 4682.86 and the Nasdaq 100 up 0.17% at 16238.0, NYSE closes up 0.45% at 17297.65.

In the Forex market, GBPUSD up 0.20% at 1.34383. The USDJPY down 0.02% at 113.832. The USDCHF down 0.17% at 0.91955. EURUSD up 0.15% at 1.14605, EUR/GBP up 0.01% at 0.85292. The USD/CNY up 0.03% at 6.3794 at the time of writing.

In the commodity market, U.S. Gold futures are down 0.40% at $1,857.13. Elsewhere, Silver futures down 1.21% to $24.998 per ounce, Platinum down 1.11% at $1070.4 per ounce, and Palladium down 1.31% at $2082.93.

Crude Oil down on Monday; Brent crude oil down 0.35% at $81.65 per barrel while U.S. West Texas Intermediate (CLc1) is down 0.39% at $81.87.

In the Cryptocurrency Markets, BTCUSD at 65746.18 up 0.36%, Ethereum up 1.55% at 4702.70, Litecoin at 275.28 down 1.47%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY:

ETSY Inc. up 7.425% at $272.15, Netflix Inc. up 3.806% at $682.61,

Micron Technology Inc. up 3.689% to $77.30, Whirlpool Corp. up 3.187% to $232.17, Tesla Inc. down 2.829% to $1,033.42, NetApp Inc. down 2.328% at $89.79.

TECHNICAL ANALYSIS WITH CANDLESTICK CHARTS – 16 NOVEMBER 2021
Asia Pacific stocks were mostly up on Tuesday morning. The Shanghai composite is down 0.13% at 3,528.56. Overall, the Singapore MSCI up 0.08% at 372.00. Over in Hong Kong, the Hang Seng Index down 1.08% at 25,650.00. In Japan, the Nikkei 225 up 0.24% at 29,800.00, while the Topix index is up 0.17% at 2049.5. South Korea’s Kospi down 0.02% to 2998.84. Australia S&P/ASX 200 down 0.67% at 7420.4.

European equities Monday closing. The DAX futures contract in Germany traded up 0.34% at 16148.64, CAC 40 futures up 0.53% at 7128.64 and the UK 100 futures contract in the U.K. up 0.05% at 7,351.87.

In U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.04% at 36087.46. The S&P 500 flat at 4682.81 and the Nasdaq 100 down 0.07% at 16194.3, NYSE closes down 0.07% at 17285.55.

In the Forex market, GBPUSD up 0.11% at 1.34247. The USDJPY up 0.07% at 114.195. The USDCHF flat at 0.92512. EURUSD up 0.08% at 1.13760, EUR/GBP up 0.04% at 0.84735. The USD/CNY down 0.16% at 6.3725 at the time of writing.

In the commodity market U.S. Gold futures up 0.27% at $1,866.82. Elsewhere, Silver futures up 0.13% to $25.090 per ounce, Platinum down 0.09% at $1087.01 per ounce, and Palladium down 0.60% at $2138.00.

Crude Oil up on Tuesday; Brent crude oil up 0.95% at $82.83 per barrel while U.S. West Texas Intermediate (CLc1) is up 0.05% at $81.91.

In the Cryptocurrency Markets, Bitcoin at 60630.16 down 4.77%, Ethereum down 5.40% at 4315.91, Litecoin at 244.95 down 6.88%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY:

Dollar Tree Inc. up 14.282% at $129.23, Boeing Co. up 5.49% at $233.09, Qualcomm Inc. up 2.164% to $168.51, Electronic Arts. down 2.86% to $141.28, Tesla Inc. down 1.938% to $1,013.39, American Tower Corp. down 4.263% at $260.5.

TECHNICAL ANALYSIS WITH CANDLESTICK CHARTS – 18 NOVEMBER 2021
Asia Pacific stocks were mostly down on Thursday morning. The Shanghai composite is down 0.31% at 3,526.56. Overall, the Singapore MSCI down 0.22% at 366.95. Over in Hong Kong, the Hang Seng Index down 1.46% at 25,257.00. In Japan, the Nikkei 225 down 0.37% at 29,580.00, while the Topix index is down 0.15% at 2033.0. South Korea’s Kospi down 0.31% to 2953.24. Australia S&P/ASX 200 up 0.13% at 7379.2.

European equities Wednesday closing. The DAX futures contract in Germany traded up 0.02% at 16251.13, CAC 40 futures up 0.06% at 7156.86 and the UK 100 futures contract in the U.K. down 0.49% at 7,291.21.

In U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.58% at 35931.06. The S&P 500 down 0.26% at 4688.68 and the Nasdaq 100 up 0.18% at 16355.5, NYSE closes down 0.64% at 17192.65.

In the Forex market, GBPUSD up 0.05% at 1.3491. The USDJPY up 0.14% at 114.237. The USDCHF up 0.08% at 0.9287. EURUSD down 0.02% at 1.13169, EUR/GBP flat at 0.83875. The USD/CNY down 0.02% at 6.3765 at the time of writing.

In the commodity market U.S. Gold futures down 0.15% at $1,864.36. Elsewhere, Silver futures down 0.38% to $24.970 per ounce, Platinum down 0.05% at $1058.97 per ounce, and Palladium down 0.46% at $2181.00.

Crude Oil down on Thursday; Brent crude oil down 0.45% at $79.84 per barrel while U.S. West Texas Intermediate (CLc1) is down 0.79% at $81.24.

In the Cryptocurrency Markets, Bitcoin at 59853.00 down 0.86%, Ethereum down 0.70% at 4261.92, Litecoin at 221.59 down 3.64%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY: (https://www.capitalstreetfx.com/en/technicalanalysis/technical-analysis-with-candlestick-charts-18-november-2021/)
Moderna Inc. up 3.393% at $242.23, Tesla Inc. up 3.25% at $1,089.01, Pfizer Inc. up 2.561% to $50.87, Gap Inc. down 5.188% to $23.76, PayPal Holdings Inc. down 4.359% to $206.27, Western Digital Corp. down 3.403% at $56.49.

TECHNICAL ANALYSIS WITH CANDLESTICK CHARTS – 22 NOVEMBER 2021
Asia Pacific stocks were mixed on Monday morning. The Shanghai composite is up 0.64% at 3,583.22. Overall, the Singapore MSCI up 0.25% at 367.20. Over in Hong Kong, the Hang Seng Index down 0.25% at 24,927.00. In Japan, the Nikkei 225 flat at 29,780.00, while the Topix index is down 0.27% at 2042.5. South Korea’s Kospi up 1.42% to 3013.25. Australia S&P/ASX 200 down 0.59% at 7353.1.

European equities Friday closing. The DAX futures contract in Germany traded down 0.38% at 16159.97, CAC 40 futures down 0.42% at 7112.30 and the UK 100 futures contract in the U.K. up 0.39% at 7,243.90.

In U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.75% at 35601.99. The S&P 500 down 0.14% at 4697.95 and the Nasdaq 100 up 0.55% at 16573.34, NYSE closes down 0.84% at 16973.96.

In the Forex market, GBPUSD down 0.01% at 1.3441. The USDJPY up 0.16% at 114.163. The USDCHF up 0.15% at 0.9299. EURUSD down 0.09% at 1.1271, EUR/GBP up 0.03% at 0.83845. The USD/CNY down 0.10% at 6.3803 at the time of writing.

In the commodity market U.S. Gold futures down 0.08% at $1,843.85. Elsewhere, Silver futures up 0.40% to $24.701 per ounce, Platinum up 0.42% at $1033.56 per ounce, and Palladium down 0.56% at $2047.00.

Crude Oil mix on Monday; Brent crude oil up 0.38% at $78.74 per barrel while U.S. West Texas Intermediate (CLc1) is down 0.63% at $80.89.

In the Cryptocurrency Markets, Bitcoin at 57354.40 down 2.26%, Ethereum down 1.99% at 4181.22, Litecoin at 214.34 down 3.56%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY: (https://www.capitalstreetfx.com/en/technicalanalysis/technical-analysis-with-candlestick-charts-22-november-2021/)

Micron Technology Inc. up 7.803% at $83.03, Moderna Inc. up 4.92% at $263.78,

NVIDIA Corp. up 4.136% to $329.85, Tesla Inc. up 3.71% to $1,137.06, Discovery Inc. down 5.922% to $25.26, Boeing Co. down 5.773% at $214.13.

TECHNICAL ANALYSIS WITH CANDLESTICK CHARTS – 23 NOVEMBER 2021
Asia Pacific stocks were mostly down on Tuesday morning. The Shanghai Composite is up 0.19% at 3,588.20. Overall, the Singapore MSCI is down 0.31% at 365.75. Over in Hong Kong, the Hang Seng Index down 1.08% at 24,655.00. In Japan, the Nikkei 225 flat at 29,680.00, while the Topix index is flat at 2041.0. South Korea’s Kospi down 0.50% to 2998.12. Australia S&P/ASX 200 up 0.78% at 7410.6.

European equities Monday closing. The DAX futures contract in Germany traded down 0.27% at 16115.69, CAC 40 futures down 0.10% at 7105.01 and the UK 100 futures contract in the U.K. up 0.44% at 7,255.47.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.05% at 35619.26. The S&P 500 down 0.32% at 4682.95 and the Nasdaq 100 down 1.16% at 16380.98, NYSE closes down 0.17% at 16945.77.

In the Forex market, GBPUSD down 0.09% at 1.3384. The USDJPY up 0.21% at 115.105. The USDCHF up 0.05% at 0.9325. EURUSD down 0.01% at 1.1233, EUR/GBP up 0.10% at 0.83927. The USD/CNY up 0.02% at 6.3857 at the time of writing.

In the commodity market U.S. Gold futures up 0.08% at $1,805.62. Elsewhere, Silver futures down 0.55% to $24.030 per ounce, Platinum up 0.10% at $1011.90 per ounce, and Palladium up 1.30% at $1980.50.

Crude Oil mix on Tuesday; Brent crude oil down 0.57% at $79.03 per barrel while U.S. West Texas Intermediate (CLc1) is up 0.15% at $81.01.

In the Cryptocurrency Markets, Bitcoin at 56322.35 up 0.05%, Ethereum up 1.07% at 4137.89, Litecoin at 208.00 down 0.61%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY: (https://www.capitalstreetfx.com/en/technicalanalysis/technical-analysis-7/)

Moderna Inc. up 7.169% at $282.69, Ford Motor Co. up 5.62% at $20.48, General Motors Co. up 3.657% to $64.06, ETSY Inc. down 5.143% to $279.24, Mastercard Inc. down 5.422% to $321.3, Fiserv Inc. down 4.347% at $95.71.

TECHNICAL ANALYSIS WITH CANDLESTICK CHARTS – 26 NOVEMBER 2021
Asia Pacific stocks were mostly down on Friday morning. The Shanghai composite is down 0.56% at 3,563.57. Overall, the Singapore MSCI down 1.65% at 357.00. Over in Hong Kong, the Hang Seng Index down 2.33% at 24,172.00. In Japan, the Nikkei 225 down 2.74% at 28,710.00, while the Topix index is down 1.98% at 1984.0. South Korea’s Kospi down 1.45% to 2937.43. Australia S&P/ASX 200 down 1.73% at 7279.3.

European equities Thursday closing. The DAX futures contract in Germany traded up 0.25% at 15917.98, CAC 40 futures up 0.48% at 7075.88 and the UK 100 futures contract in the U.K. up 0.33% at 7,310.38.

In U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.03% at 35804.39. The S&P 500 up 0.23% at 4701.45 and the Nasdaq 100 up 0.37% at 16367.81, NYSE closes up 0.17% at 17036.80.

In the Forex market, GBPUSD down 0.14% at 1.32993. The USDJPY down 0.58% at 114.647. The USDCHF down 0.40% at 0.9318. EURUSD up 0.15% at 1.12230, EUR/GBP up 0.38% at 0.84381. The USD/CNY up 0.08% at 6.3913 at the time of writing.

In the commodity market U.S. Gold futures up 0.53% at $1,798.14. Elsewhere, Silver futures up 0.01% to $23.579 per ounce, Platinum down 0.89% at $986.16 per ounce, and Palladium up 0.38% at $1873.50.

Crude Oil down on Friday; Brent crude oil down 2.64% at $80.07 per barrel while U.S. West Texas Intermediate (CLc1) is down 2.65% at $79.02.

In the Cryptocurrency Markets, Bitcoin at 57858.22 down 1.92%, Ethereum down 1.97% at 4436.78, Litecoin at 217.77 down 2.44%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY: (https://www.capitalstreetfx.com/en/technicalanalysis/technical-analysis-with-candlestick-charts-26-november-2021/)

HP Inc. up 10.096% at $35.44, ETSY Inc. up 6.218% at $296.91, NetApp Inc. up 3.481% to $89.78, Gap Inc. down 24.117% to $17.84, Autodesk Inc. down 15.493% to $256.9, Best Buy Co Inc. down 3.57% at $116.69.

TECHNICAL ANALYSIS WITH CANDLESTICK CHARTS – 29 NOVEMBER 2021
Asia Pacific stocks were mostly down on Monday morning. The Shanghai composite is down 0.44% at 3,548.75. Overall, the Singapore MSCI down 0.34% at 355.30. Over in Hong Kong, the Hang Seng Index down 1.37% at 23,752.00. In Japan, the Nikkei 225 down 1.67% at 28,310.00, while the Topix index is down 1.96% at 1950.5. South Korea’s Kospi down 0.90% to 2909.99. Australia S&P/ASX 200 down 0.54% at 7239.7.

European equities Friday closing. The DAX futures contract in Germany traded down 4.15% at 15257.04, CAC 40 futures down 4.75% at 6725.08 and the UK 100 futures contract in the U.K. down 3.64% at 7,044.04.

In U.S. on Wall Street, the Dow Jones Industrial Average closed down 2.53% at 34899.35. The S&P 500 down 2.27% at 4594.61 and the Nasdaq 100 down 2.09% at 16025.58, NYSE closes down 2.42% at 16624.87.

In the Forex market, GBPUSD up 0.02% at 1.3339. The USDJPY up 0.02% at 113.242. The USDCHF up 0.09% at 0.9250. EURUSD down 0.22% at 1.128, EUR/GBP down 0.18% at 0.8458. The USD/CNY down 0.15% at 6.383 at the time of writing.

In the commodity market U.S. Gold futures up 0.23% at $1,795.73. Elsewhere, Silver futures up 1.25% to $23.383 per ounce, Platinum up 1.82% at $969.00 per ounce, and Palladium up 2.40% at $1791.00.

Crude Oil mix on Monday; Brent crude oil up 2.91% at $74.98 per barrel while U.S. West Texas Intermediate (CLc1) is down 12.96% at $68.78.

In the Cryptocurrency Markets, Bitcoin at 57483.42 up 0.18%, Ethereum up 0.87% at 4338.18, Litecoin at 199.50 down 0.15%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY: (https://www.capitalstreetfx.com/en/technicalanalysis/technical-analysis-with-candlestick-charts-29-november-2021/)

Moderna Inc. up 20.571% at $329.63, Pfizer Inc. up 6.111% at $54.00, Incyte Corp. up 2.457% to $68.38, Carnival Corp. down 10.962% to $17.95, United Airlines Holdings Inc. down 9.566% to $42.26, Expedia Group Inc. down 9.482% at $159.80.

TECHNICAL ANALYSIS WITH CANDLESTICK CHARTS – 30 NOVEMBER 2021
Asia Pacific stocks were mostly up on Tuesday morning. The Shanghai composite is up 0.24% at 3,571.18. Overall, the Singapore MSCI down 1.37% at 348.50. Over in Hong Kong, the Hang Seng Index down 1.64% at 23,342.00. In Japan, the Nikkei 225 down 0.64% at 28,040.00, while the Topix index is down 0.13% at 1945.0. South Korea’s Kospi down 1.83% to 2856.12. Australia S&P/ASX 200 up 0.22% at 7256.0.

European equities Monday closing. The DAX futures contract in Germany traded up 0.16% at 15280.86, CAC 40 futures up 0.54% at 6776.26 and the UK 100 futures contract in the U.K. up 0.94% at 7,109.96.

In U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.68% at 35135.95. The S&P 500 up 1.32% at 4655.26 and the Nasdaq 100 up 2.33% at 16399.24, NYSE closes up 0.36% at 16683.98.

In the Forex market, GBPUSD up 0.03% at 1.3316. The USDJPY down 0.33% at 113.159. The USDCHF down 0.15% at 0.92121. EURUSD up 0.18% at 1.131, EUR/GBP up 0.20% at 0.8494. The USD/CNY down 0.23% at 6.373 at the time of writing.

In the commodity market U.S. Gold futures up 0.52% at $1,793.34. Elsewhere, Silver futures up 0.11% to $22.897 per ounce, Platinum flat at $961.00 per ounce, and Palladium down 0.06% at $1792.00.

Crude Oil mix on Tuesday; Brent crude oil down 1.93% at $71.92 per barrel while U.S. West Texas Intermediate (CLc1) is up 2.76% at $70.68.

In the Cryptocurrency Markets, Bitcoin at 56627.28 down 2.11%, Ethereum down 0.71% at 4417.16, Litecoin at 201.49 down 2.14%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY: (https://www.capitalstreetfx.com/en/technicalanalysis/technical-analysis-with-candlestick-charts-30-november-2021/)

Moderna Inc. up 11.795% at $368.51, NVIDIA Corp. up 5.946% at $333.76, Microchip Technology Inc. up 5.408% to $84.40, Tesla Inc. up 5.09% to $1,136.99,

ETSY Inc. down 3.398% to $281.48, Pfizer Inc. down 2.963% at $52.40.

TECHNICAL ANALYSIS WITH CANDLESTICK CHARTS – 02 DECEMBER 2021
Asia Pacific stocks were mixed on Thursday morning. The Shanghai composite is up 0.12% at 3,580.54. Overall, the Singapore MSCI down 1.65% at 342.75. Over in Hong Kong, the Hang Seng Index up 0.66% at 23,744.00. In Japan, the Nikkei 225 down 1.10% at 27,870.00, while the Topix index is down 1.35% at 1931.5. South Korea’s Kospi up 1.39% to 2940.09. Australia S&P/ASX 200 down 0.15% at 7225.2.

European equities Wednesday closing. The DAX futures contract in Germany traded up 2.47% at 15472.67, CAC 40 futures up 2.39% at 6881.88 and the UK 100 futures contract in the U.K. up 1.55% at 7,168.69.

In U.S. on Wall Street, the Dow Jones Industrial Average closed down 1.34% at 34022.05. The S&P 500 down 1.18% at 4513.03 and the Nasdaq 100 down 1.60% at 15877.72, NYSE closes down 1.13% at 16133.89.

In the Forex market, GBPUSD up 0.09% at 1.3288. The USDJPY up 0.26% at 113.05. The USDCHF up 0.22% at 0.92074. EURUSD up 0.03% at 1.13227, EUR/GBP down 0.01% at 0.85212. The USD/CNY up 0.04% at 6.3699 at the time of writing.

In the commodity market U.S. Gold futures down 0.27% at $1,776.49. Elsewhere, Silver futures up 0.16% to $22.33 per ounce, Platinum up 0.43% at $938.50 per ounce, and Palladium up 0.63% at $1755.00.

Crude Oil mix on Thursday; Brent crude oil up 1.19% at $69.76 per barrel while U.S. West Texas Intermediate (CLc1) is down 0.82% at $66.53.

In the Cryptocurrency Markets, Bitcoin at 56776.01 down 0.83%, Ethereum down 1.06% at 4538.84, Litecoin at 203.52 down 2.49%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY: (https://www.capitalstreetfx.com/en/technicalanalysis/technical-analysis-with-candlestick-charts-02-december-2021/)

NVR Inc. up 3.43% at $5,404.56, HP Inc. up 3.345% at $36.46, Western Union Co. up 2.592% to $16.23, Ford Motor Co. up 2.032% to $19.58, Moderna Inc. down 11.866% to $310.61, Carnival Corp. down 7.038% at $16.38.

TECHNICAL ANALYSIS WITH CANDLESTICK CHARTS – 03 DECEMBER 2021
Asia Pacific stocks were mostly down on Friday morning. The Shanghai composite is up 0.58% at 3,594.64. Overall, the Singapore MSCI up 0.23% at 342.45. Over in Hong Kong, the Hang Seng Index down 0.56% at 23,606.00. In Japan, the Nikkei 225 up 0.40% at 27,860.00, while the Topix index is up 1.12% at 1949.5. South Korea’s Kospi up 0.80% to 2968.85. Australia S&P/ASX 200 up 0.24% at 7242.8.

European equities Thursday closing. The DAX futures contract in Germany traded down 1.35% at 15263.11, CAC 40 futures down 1.25% at 6795.76 and the UK 100 futures contract in the U.K. down 0.55% at 7,129.20.

In U.S. on Wall Street, the Dow Jones Industrial Average closed up 1.82% at 34639.80. The S&P 500 up 1.42% at 4577.09 and the Nasdaq 100 up 0.71% at 15990.76, NYSE closes up 2.12% at 16475.25.

In the Forex market, GBPUSD down 0.07% at 1.3289. The USDJPY up 0.05% at 113.21. The USDCHF up 0.05% at 0.92066. EURUSD down 0.03% at 1.12977, EUR/GBP up 0.12% at 0.8501. The USD/CNY down 0.07% at 6.3716 at the time of writing.

In the commodity market U.S. Gold futures up 0.22% at $1,772.27. Elsewhere, Silver futures up 0.15% to $22.39 per ounce, Platinum up 0.75% at $942.50 per ounce, and Palladium up 0.17% at $1785.00.

Crude Oil up on Friday; Brent crude oil up 0.55% at $70.90 per barrel while U.S. West Texas Intermediate (CLc1) is up 1.05% at $67.23.

In the Cryptocurrency Markets, Bitcoin at 56642.18 up 0.15%, Ethereum up 0.44% at 4536.06, Litecoin at 201.52 down 1.02%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY: (https://www.capitalstreetfx.com/en/technicalanalysis/technical-analysis-with-candlestick-charts-03-december-2021/)

Delta Air Lines Inc. up 9.27% at $36.64, Carnival Corp. up 9.219% at $17.89,

Boeing Co. up 7.54% to $202.38, ETSY Inc. down 3.749% to $249.56, Pfizer Inc. down 2.999% to $53.04, Moderna Inc. down 2.936% at $301.49.

TECHNICAL ANALYSIS WITH CANDLESTICK CHARTS – 08 DECEMBER 2021
Asia Pacific stocks were mostly up on Wednesday morning. The Shanghai composite is up 0.86% at 3,626.11. Overall, the Singapore MSCI down 0.04% at 344.70. Over in Hong Kong, the Hang Seng Index down 0.26% at 23,951.00. In Japan, the Nikkei 225 up 1.54% at 28,893.22, while the Topix index is up 0.98% at 2006.5. South Korea’s Kospi up 0.78% to 3015.15. Australia S&P/ASX 200 up 1.66% at 7435.3.

European equities Tuesday closing. The DAX futures contract in Germany traded up 2.82% at 15813.94, CAC 40 futures up 2.91% at 7065.40 and the UK 100 futures contract in the U.K. up 1.49% at 7,339.91.

In U.S. on Wall Street, the Dow Jones Industrial Average closed up 1.40% at 35719.44. The S&P 500 up 2.07% at 4686.76 and the Nasdaq 100 up 3.03% at 16325.66, NYSE closes up 1.58% at 16853.57.

In the Forex market, GBPUSD up 0.11% at 1.3257. The USDJPY down 0.02% at 113.51. The USDCHF down 0.15% at 0.92352. EURUSD up 0.21% at 1.12906, EUR/GBP up 0.16% at 0.8516. The USD/CNY down 0.18% at 6.3540 at the time of writing.

In the commodity market U.S. Gold futures up 0.26% at $1,788.14. Elsewhere, Silver futures up 0.03% to $22.483 per ounce, Platinum up 1.05% at $962.53 per ounce, and Palladium up 0.30% at $1856.50.

Crude Oil up on Wednesday; Brent crude oil up 0.27% at $75.32 per barrel while U.S. West Texas Intermediate (CLc1) is up 2.52% at $71.19.

In the Cryptocurrency Markets, Bitcoin at 50339.91 down 0.57%, Ethereum up 0.10% at 4316.57, Litecoin at 160.19 down 1.22%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY: (https://www.capitalstreetfx.com/en/technicalanalysis/technical-analysis-with-candlestick-charts-08-december-2021/)

Fortinet Inc. up 8.629% at $317.24, NVIDIA Corp. up 7.957% at $324.27, Autozone Inc. up 7.637% to $2,023.57, Comcast Corp. down 5.291% to $49.58, Western Union Co. down 2.913% to $17.33, Merck & Co Inc. down 1.553% at $72.28.

TECHNICAL ANALYSIS WITH CANDLESTICK CHARTS – 10 DECEMBER 2021
Asia Pacific stocks were down on Friday morning. The Shanghai composite is up 0.98% at 3,673.04. Overall, the Singapore MSCI down 0.97% at 345.35. Over in Hong Kong, the Hang Seng Index down 0.28% at 24,085.00. In Japan, the Nikkei 225 down 1.32% at 28,370.00, while the Topix index is down 1.18% at 1971.0. South Korea’s Kospi down 0.59% to 3011.71. Australia S&P/ASX 200 down 0.42% at 7353.5.

European equities Thursday closing. The DAX futures contract in Germany traded down 0.30% at 15639.26, CAC 40 futures down 0.09% at 7008.24 and the UK 100 futures contract in the U.K. down 0.22% at 7,321.27.

In U.S. on Wall Street, the Dow Jones Industrial Average closed flat at 35754.70. The S&P 500 down 0.72% at 4667.44 and the Nasdaq 100 down 1.49% at 16149.57, NYSE closes down 0.71% at 16780.47.

In the Forex market, GBPUSD down 0.02% at 1.3216. The USDJPY up 0.05% at 113.51. The USDCHF up 0.11% at 0.9242. EURUSD up 0.04% at 1.12978, EUR/GBP up 0.10% at 0.85479. The USD/CNY down 0.21% at 6.3636 at the time of writing.

In the commodity market U.S. Gold futures down 0.10% at $1,772.29. Elsewhere, Silver futures down 0.31% to $21.857 per ounce, Platinum up 0.67% at $940.32 per ounce, and Palladium down 0.77% at $1799.00.

Crude Oil mix on Friday; Brent crude oil up 0.08% at $74.06 per barrel while U.S. West Texas Intermediate (CLc1) is down 1.16% at $70.58.

In the Cryptocurrency Markets, Bitcoin at 48181.29 up 1.24%, Ethereum up 0.38% at 4121.96, Litecoin at 152.74 up 0.94%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY: (https://www.capitalstreetfx.com/en/technicalanalysis/technical-analysis-with-candlestick-charts-10-december-2021/)

Motorola Solutions Inc. up 2.164% at $259.18, Western Union Co. up 1.864% at $18.03, Twitter Inc. up 1.619% to $46.46, Tesla Inc. down 6.096% to $1,003.8,

ETSY Inc. down 4.715% to $234.40, NVIDIA Corp. down 4.198% at $304.9.

TECHNICAL ANALYSIS WITH CANDLESTICK CHARTS – 13 DECEMBER 2021
Asia Pacific stocks were up on Monday morning. The Shanghai composite is up 0.43% at 3,682.22. Overall, the Singapore MSCI down 0.84% at 342.35. Over in Hong Kong, the Hang Seng Index up 0.38% at 24,070.00. In Japan, the Nikkei 225 up 0.95% at 28,650.00, while the Topix index is up 0.25% at 1978.5. South Korea’s Kospi down 0.28% to 3001.66. Australia S&P/ASX 200 up 0.35% at 7379.3.

European equities Friday closing. The DAX futures contract in Germany traded down 0.10% at 15623.31, CAC 40 futures down 0.24% at 6991.67 and the UK 100 futures contract in the U.K. up 0.33% at 7,322.40.

In U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.60% at 35971.00. The S&P 500 up 0.95% at 4712.01 and the Nasdaq 100 up 1.13% at 16331.98, NYSE closes up 0.45% at 16856.62.

In the Forex market, GBPUSD down 0.30% at 1.3227. The USDJPY up 0.20% at 113.55. The USDCHF up 0.21% at 0.9225. EURUSD down 0.27% at 1.12848, EUR/GBP up 0.05% at 0.85322. The USD/CNY down 0.06% at 6.3641 at the time of writing.

In the commodity market U.S. Gold futures up 0.10% at $1,784.17. Elsewhere, Silver futures up 0.33% to $22.221 per ounce, Platinum up 0.96% at $950.50 per ounce, and Palladium up 0.82% at $1775.50.

Crude Oil up on Monday; Brent crude oil up 1.26% at $76.23 per barrel while U.S. West Texas Intermediate (CLc1) is up 0.61% at $71.01.

In the Cryptocurrency Markets, Bitcoin at 48970.87 down 2.30%, Ethereum down 3.40% at 3995.56, Litecoin at 154.54 down 2.84%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY: (https://www.capitalstreetfx.com/en/technicalanalysis/technical-analysis-with-candlestick-charts-13-december-2021/)
Oracle Corp. up 15.613% at $102.63, Ford Motor Co. up 9.607% at $21.45, General Motors Co. up 6.022% to $63.21, Moderna Inc. down 5.566% to $257.06, ETSY Inc. down 3.891% to $225.28, Citigroup Inc. down 2.301% at $60.71.

TECHNICAL ANALYSIS WITH CANDLESTICK CHARTS – 14 DECEMBER 2021
Asian stocks and oil prices slipped on Tuesday. The Shanghai composite is down 0.31% at 3,669.84. Overall, the Singapore MSCI down 0.38% at 339.85. Over in Hong Kong, the Hang Seng Index down 1.50% at 23,657.00. In Japan, the Nikkei 225 down 1.08% at 28,340.00, while the Topix index is down 0.51% at 1968.5. South Korea’s Kospi down 0.76% to 2978.71. Australia S&P/ASX 200 up 0.07% at 7384.4.

European equities Monday closing. The DAX futures contract in Germany traded down 0.01% at 15621.72, CAC 40 futures down 0.70% at 6942.92 and the UK 100 futures contract in the U.K. down 0.83% at 7,231.43.

In U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.89% at 35650.96. The S&P 500 down 0.91% at 4668.98 and the Nasdaq 100 down 1.53% at 16082.55, NYSE closes down 0.81% at 16719.57.

In the Forex market, GBPUSD down 0.14% at 1.3194. The USDJPY up 0.05% at 113.60. The USDCHF up 0.12% at 0.9235. EURUSD down 0.08% at 1.12736, EUR/GBP up 0.12% at 0.85443. The USD/CNY up 0.03% at 6.3647 at the time of writing.

In the commodity market U.S. Gold futures down 0.01% at $1,785.60. Elsewhere, Silver futures down 0.48% to $22.222 per ounce, Platinum down 0.05% at $930.00 per ounce, and Palladium up 0.06% at $1687.50.

Crude Oil down on Tuesday; Brent crude oil down 0.19% at $74.10 per barrel while U.S. West Texas Intermediate (CLc1) is down 0.28% at $70.81.

In the Cryptocurrency Markets, Bitcoin at 47065.49 up 0.73%, Ethereum down 0.20% at 3779.24, Litecoin at 145.76 up 0.71%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY: (https://www.capitalstreetfx.com/en/technicalanalysis/technical-analysis-with-candlestick-charts-14-december-2021/)

Moderna Inc. up 5.808% at $271.99, Pfizer Inc. up 4.585% at $55.20, Incyte Corp. up 3.685% to $67.81, NVIDIA Corp. down 6.746% to $281.61, General Motors Co. down 6.455% to $59.13, Marathon Oil Corp. down 5.117% at $15.39.

TECHNICAL ANALYSIS WITH CANDLESTICK CHARTS – 16 DECEMBER 2021
Asia Pacific stocks were mixed on Thursday morning. The Shanghai composite is up 0.34% at 3,660.00. Overall, the Singapore MSCI up 0.64% at 338.35. Over in Hong Kong, the Hang Seng Index down 0.50% at 23,285.00. In Japan, the Nikkei 225 up 1.62% at 28,930.00, while the Topix index is up 1.11% at 2006.0. South Korea’s Kospi up 0.21% to 2995.81. Australia S&P/ASX 200 down 0.38% at 7299.0.

European equities Wednesday closing. The DAX futures contract in Germany traded up 0.15% at 15476.35, CAC 40 futures up 0.47% at 6927.64 and the UK 100 futures contract in the U.K. down 0.66% at 7,170.76.

In U.S. on Wall Street, the Dow Jones Industrial Average closed up 1.08% at 35927.44. The S&P 500 up 1.63% at 4709.84 and the Nasdaq 100 up 2.35% at 16289.59, NYSE closes up 0.97% at 16813.57.

In the Forex market, GBPUSD down 0.10% at 1.32452. The USDJPY up 0.11% at 114.11. The USDCHF up 0.14% at 0.92561. EURUSD flat at 1.12867, EUR/GBP up 0.14% at 0.85209. The USD/CNY flat at 6.3674 at the time of writing.

In the commodity market U.S. Gold futures up 0.25% at $1,781.13. Elsewhere, Silver futures up 0.33% at $22.118 per ounce, Platinum up 0.60% at $921.00 per ounce, and Palladium up 3.54% at $1654.00.

Crude Oil up on Thursday; Brent crude oil up 0.15% at $74.43 per barrel while U.S. West Texas Intermediate (CLc1) is up 0.09% at $70.63.

In the Cryptocurrency Markets, Bitcoin at 48722.58 down 0.32%, Ethereum down 0.18% at 4013.34, Litecoin at 152.65 down 0.62%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY: (https://www.capitalstreetfx.com/en/technicalanalysis/technical-analysis-with-candlestick-charts-16-december-2021/)
NVIDIA Corp. up 7.488% at $304.59, Fortinet Inc. up 6.643% at $336.78, ETSY Inc. up 5.27% to $229.13, Pfizer Inc. up 5.87% to $58.8, Nucor Corp. down 8.613% to $108.22, NetEase Inc. down 2.324% at $100.46.

TECHNICAL ANALYSIS WITH CANDLESTICK CHARTS – 17 DECEMBER 2021
Asia Pacific stocks were mostly down on Friday morning. The Shanghai composite is down 0.85% at 3,643.70. Overall, the Singapore MSCI down 1.21% at 335.50. Over in Hong Kong, the Hang Seng Index down 1.13% at 23,209.00. In Japan, the Nikkei 225 down 1.83% at 28,470.00, while the Topix index is down 1.59% at 1978.5. South Korea’s Kospi up 0.16% to 3011.07. Australia S&P/ASX 200 up 0.11% at 7304.0.

European equities Thursday closing. The DAX futures contract in Germany traded up 1.03% at 15636.40, CAC 40 futures up 1.12% at 7005.08 and the UK 100 futures contract in the U.K. up 1.25% at 7,260.62.

In U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.08% at 35897.65. The S&P 500 down 0.87% at 4668.66 and the Nasdaq 100 down 2.61% at 15863.94, NYSE closes up 0.21% at 16849.09.

In the Forex market, GBPUSD up 0.09% at 1.3331. The USDJPY down 0.01% at 113.574. The USDCHF down 0.08% at 0.91837. EURUSD up 0.11% at 1.13423, EUR/GBP up 0.05% at 0.85072. The USD/CNY up 0.02% at 6.3685 at the time of writing.

In the commodity market U.S. Gold futures up 0.33% at $1,804.93. Elsewhere, Silver futures up 0.03% at $22.466 per ounce, Platinum down 0.16% at $935.50 per ounce, and Palladium down 0.52% at $1722.00.

Crude Oil down on Friday; Brent crude oil down 0.36% at $74.33 per barrel while U.S. West Texas Intermediate (CLc1) is down 0.47% at $71.62.

In the Cryptocurrency Markets, Bitcoin at 47748.26 up 0.18%, Ethereum up 0.10% at 3958.86, Litecoin at 148.65 down 0.01%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY: (https://www.capitalstreetfx.com/en/technicalanalysis/technical-analysis-with-candlestick-charts-17-december-2021/)
AT&T Inc. up 6.946% at $23.71, Nucor Corp. up 5.249% at $113.9, Pfizer Inc. up 1.167% to $61.25, Adobe Inc. down 10.192% to $566.09, NVIDIA Corp. down 6.803% to $283.87, Tesla Inc. down 5.028% at $926.92.

TECHNICAL ANALYSIS WITH CANDLESTICK CHARTS – 20 DECEMBER 2021
Asia Pacific stocks were down on Monday morning. The Shanghai composite is down 0.85% at 3,601.62. Overall, the Singapore MSCI down 1.14% at 330.45. Over in Hong Kong, the Hang Seng Index down 1.62% at 22,767.00. In Japan, the Nikkei 225 down 2.21% at 27,890.00, while the Topix index is down 2.22% at 1939.0. South Korea’s Kospi down 1.72% to 2965.68. Australia S&P/ASX 200 down 0.16% at 7292.2.

European equities Friday closing. The DAX futures contract in Germany traded down 0.67% at 15531.69, CAC 40 futures down 1.12% at 6926.64 and the UK 100 futures contract in the U.K. down 0.94% at 7,171.30.

In U.S. on Wall Street, the Dow Jones Industrial Average closed down 1.48% at 35365.45. The S&P 500 down 1.03% at 4620.65 and the Nasdaq 100 down 0.39% at 15801.46, NYSE closes down 1.07% at 16668.64.

In the Forex market, GBPUSD down 0.12% at 1.32176. The USDJPY down 0.21% at 113.456. The USDCHF down 0.06% at 0.92352. EURUSD up 0.12% at 1.12494, EUR/GBP up 0.30% at 0.85106. The USD/CNY up 0.05% at 6.3781 at the time of writing.

In the commodity market U.S. Gold futures up 0.21% at $1,801.40. Elsewhere, Silver futures down 0.09% at $22.300 per ounce, Platinum down 1.33% at $924.00 per ounce, and Palladium down 4.87% at $1699.00.

Crude Oil down on Monday; Brent crude oil down 2.85% at $70.88 per barrel while U.S. West Texas Intermediate (CLc1) is down 0.55% at $70.72.

In the Cryptocurrency Markets, Bitcoin at 46376.93 down 0.70%, Ethereum down 2.12% at 3839.16, Litecoin at 150.45 down 1.69%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY: (https://www.capitalstreetfx.com/en/technicalanalysis/technical-analysis-with-candlestick-charts-20-december-2021/)

FedEx Corp. up 4.947% at $250.32, Dexcom Inc. up 4.908% at $555.34, Moderna Inc. up 4.532% to $294.80, Carnival Corp. up 4.041% to $18.28, Oracle Corp. down 6.394% to $96.62, Hess Corp. down 5.302% at $71.62.

TECHNICAL ANALYSIS WITH CANDLESTICK CHARTS – 21 DECEMBER 2021
Asia Pacific stocks were mostly up on Tuesday morning. The Shanghai composite is up 0.67% at 3,617.67. Overall, the Singapore MSCI up 0.44% at 330.75. Over in Hong Kong, the Hang Seng Index up 0.52% at 22,900.00. In Japan, the Nikkei 225 up 1.90% at 28,430.00, while the Topix index is up 1.26% at 1964.0. South Korea’s Kospi up 0.52% to 2978.34. Australia S&P/ASX 200 up 0.86% at 7355.0.

European equities Monday closing. The DAX futures contract in Germany traded down 1.88% at 15239.67, CAC 40 futures down 0.82% at 6870.11 and the UK 100 futures contract in the U.K. down 0.99% at 7,198.04.

In U.S. on Wall Street, the Dow Jones Industrial Average closed down 1.23% at 34932.17. The S&P 500 down 1.14% at 4568.01 and the Nasdaq 100 down 1.10% at 15627.64, NYSE closes down 1.36% at 16442.31.

In the Forex market, GBPUSD up 0.10% at 1.32189. The USDJPY up 0.12% at 113.713. The USDCHF up 0.21% at 0.92173. EURUSD up 0.07% at 1.12825, EUR/GBP flat at 0.85347. The USD/CNY down 0.04% at 6.3729 at the time of writing.

In the commodity market U.S. Gold futures up 0.16% at $1,793.03. Elsewhere, Silver futures up 0.66% at $22.410 per ounce, Platinum down 0.43% at $932.00 per ounce, and Palladium up 0.77% at $1764.50.

Crude Oil mix on Tuesday; Brent crude oil up 0.21% at $72.23 per barrel while U.S. West Texas Intermediate (CLc1) is down 0.76% at $70.18.

In the Cryptocurrency Markets, Bitcoin at 48335.03 up 3.12%, Ethereum up 1.46% at 4003.87, Litecoin at 152.57 down 0.07%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY: (https://www.capitalstreetfx.com/en/technicalanalysis/technical-analysis-with-candlestick-charts-21-december-2021/)

Carnival Corp. up 3.392% at $18.90, Pfizer Inc. up 2.589% at $61.02, Expedia Group Inc. up 1.958% to $162.43, AT&T Inc. up 1.724% to $24.19, Moderna Inc. down 6.248% to $276.38, Nucor Corp. down 5.822% at $111.13.

Asia Pacific stocks were mostly up on Wednesday morning. The Shanghai composite is up 0.05% at 3,626.63. Overall, the Singapore MSCI up 1.33% at 334.95. Over in Hong Kong, the Hang Seng Index up 0.58% at 23,042.00. In Japan, the Nikkei 225 down 0.21% at 28,440.00, while the Topix index is down 0.20% at 1963.5. South Korea’s Kospi up 0.15% to 2979.50. Australia S&P/ASX 200 up 0.13% at 7364.8.

European equities Tuesday closing. The DAX futures contract in Germany traded up 1.36% at 15447.44, CAC 40 futures up 1.38% at 6965.00 and the UK 100 futures contract in the U.K. up 1.38% at 7,297.41.

In U.S. on Wall Street, the Dow Jones Industrial Average closed up 1.60% at 35492.71. The S&P 500 up 1.78% at 4649.22 and the Nasdaq 100 up 2.29% at 15986.28, NYSE closes up 1.84% at 16744.27.

In the Forex market, GBPUSD down 0.09% at 1.32465. The USDJPY up 0.06% at 114.141. The USDCHF up 0.13% at 0.92427. EURUSD down 0.12% at 1.12716, EUR/GBP up 0.10% at 0.85089. The USD/CNY flat at 6.3714 at the time of writing.

In the commodity market U.S. Gold futures down 0.04% at $1,787.75. Elsewhere, Silver futures up 0.03% at $22.510 per ounce, Platinum down 0.32% at $932.00 per ounce, and Palladium up 0.31% at $1803.00.

Crude Oil up on Wednesday; Brent crude oil up 0.08% at $74.08 per barrel while U.S. West Texas Intermediate (CLc1) is up 0.61% at $70.61.

In the Cryptocurrency Markets, Bitcoin at 49083.16 up 0.31%, Ethereum up 0.60% at 4042.64, Litecoin at 155.61 up 0.48%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY: (https://www.capitalstreetfx.com/en/technicalanalysis/technical-analysis-with-candlestick-charts-22-december-2021/)

Micron Technology Inc. up 10.545% at $90.68, Expedia Group Inc. up 9.136% at $177.27, Carnival Corp. up 8.677% to $20.54, Pfizer Inc. down 3.392% to $58.95, Moderna Inc. down 2.981% to $268.14, Equinix Inc. down 2.161% at $804.58.

TECHNICAL ANALYSIS WITH CANDLESTICK CHARTS – 23 DECEMBER 2021
Asia Pacific stocks were up on Thursday morning. The Shanghai composite is up 0.06% at 3,624.49. Overall, the Singapore MSCI up 0.22% at 335.90. Over in Hong Kong, the Hang Seng Index up 0.27% at 23,156.00. In Japan, the Nikkei 225 up 0.84% at 28,680.00, while the Topix index is up 0.87% at 1981.0. South Korea’s Kospi up 0.29% to 2993.04. Australia S&P/ASX 200 up 0.31% at 7387.6.

European equities Wednesday closing. The DAX futures contract in Germany traded up 0.95% at 15593.47, CAC 40 futures up 1.24% at 7051.67 and the UK 100 futures contract in the U.K. up 0.61% at 7,341.66.

In U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.74% at 35753.90. The S&P 500 up 1.02% at 4696.57 and the Nasdaq 100 up 1.21% at 16180.14, NYSE closes up 0.78% at 16874.88.

In the Forex market, GBPUSD up 0.06% at 1.33536. The USDJPY up 0.05% at 114.147. The USDCHF down 0.01% at 0.9189. EURUSD up 0.13% at 1.13409, EUR/GBP up 0.15% at 0.84934. The USD/CNY flat at 6.3698 at the time of writing.

In the commodity market U.S. Gold futures up 0.25% at $1,807.94. Elsewhere, Silver futures up 0.41% at $22.870 per ounce, Platinum up 0.26% at $974.00 per ounce, and Palladium down 1.88% at $1853.00.

Crude Oil mix on Thursday; Brent crude oil down 0.09% at $75.49 per barrel while U.S. West Texas Intermediate (CLc1) is up 0.31% at $70.83.

In the Cryptocurrency Markets, Bitcoin at 48286.77 down 0.68%, Ethereum down 0.96% at 3943.67, Litecoin at 155.61 up 0.15%, at the time of writing.

TOP STOCKS TO WATCH OUT TODAY: (https://www.capitalstreetfx.com/en/technicalanalysis/technical-analysis-with-candlestick-charts-23-december-2021/)

Tesla Inc. up 7.495% at $1,008.87, Mosaic Co. up 3.724% at $38.72, Carnival Corp. up 3.547% to $21.25, Carmax Inc. down 6.657% to $127.87, Moderna Inc. down 6.258% to $251.36, Oracle Corp. down 1.803% at $89.86.

TECHNICAL ANALYSIS WITH CANDLESTICK CHARTS – 24 DECEMBER 2021
Asia Pacific stocks were mostly up on Friday morning. The Shanghai composite is down 0.66% at 3,619.15. Overall, the Singapore MSCI up 0.25% at 336.25. Over in Hong Kong, the Hang Seng Index up 0.06% at 23,223.00. In Japan, the Nikkei 225 flat at 28,710.00, while the Topix index is down 0.18% at 1981.5. South Korea’s Kospi up 0.48% to 3012.43. Australia S&P/ASX 200 up 0.44% at 7420.3.

European equities Thursday closing. The DAX futures contract in Germany traded up 1.04% at 15756.31, CAC 40 futures up 0.77% at 7106.16 and the UK 100 futures contract in the U.K. up 0.43% at 7,373.35.

In U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.55% at 35950.57. The S&P 500 up 0.62% at 4725.78 and the Nasdaq 100 up 0.79% at 16308.21, NYSE closes up 0.52% at 16963.44.

In the Forex market, GBPUSD down 0.10% at 1.33956. The USDJPY up 0.01% at 114.393. The USDCHF down 0.03% at 0.91717. EURUSD up 0.06% at 1.13304, EUR/GBP up 0.10% at 0.84531. The USD/CNY flat at 6.3668 at the time of writing.

In the commodity market U.S. Gold futures down 0.03% at $1,808.00. Elsewhere, Silver futures down 0.05% at $22.870 per ounce, Platinum down 0.05% at $970.50 per ounce, and Palladium up 3.18% at $1948.50.

Crude Oil mix on Friday; Brent crude oil down 0.44% at $76.42 per barrel while U.S. West Texas Intermediate (CLc1) is up 5.31% at $74.59.

In the Cryptocurrency Markets, Bitcoin at 50986.47 up 0.27%, Ethereum down 0.43% at 4096.30, Litecoin at 164.00 up 0.32%, at the time of writing.

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TECHNICAL ANALYSIS WITH CANDLESTICK CHARTS – 03 JANUARY 2022
Asia Pacific stocks were mixed on Monday morning. The Shanghai composite is up 0.57% at 3,639.77. Overall, the Singapore MSCI down 0.51% at 338.40. Over in Hong Kong, the Hang Seng Index down 0.95% at 23,229.00. In Japan, the Nikkei 225 up 0.45% at 28,910.00, while the Topix index is up 0.30% at 1998.0. South Korea’s Kospi up 0.37% to 2988.77. Australia S&P/ASX 200 down 0.92% at 7444.6.

European equities Friday closing. The DAX futures contract in Germany traded up 0.21% at 15884.86, CAC 40 futures down 0.28% at 7153.04 and the UK 100 futures contract in the U.K. up 0.05% at 7,406.90.

In U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.16% at 36338.31. The S&P 500 down 0.26% at 4766.19 and the Nasdaq 100 down 0.66% at 16320.08, NYSE closes flat at 17164.12.

In the Forex market, GBPUSD down 0.20% at 1.3505. The USDJPY up 0.21% at 115.331. The USDCHF up 0.26% at 0.9140. EURUSD down 0.33% at 1.13461, EUR/GBP down 0.13% at 0.84003. The USD/CNY flat at 6.3521 at the time of writing.

In the commodity market U.S. Gold futures down 0.22% at $1,825.34. Elsewhere, Silver futures down 0.58% at $23.152 per ounce, Platinum up 0.31% at $967.00 per ounce, and Palladium down 0.26% at $1896.50.

Crude Oil mix on Monday; Brent crude oil up 0.65% at $78.40 per barrel while U.S. West Texas Intermediate (CLc1) is down 1.83% at $76.10.

In the Cryptocurrency Markets, Bitcoin at 46925.60 down 0.79%, Ethereum down 0.67% at 3805.11, Litecoin at 150.03 down 0.74%, at the time of writing.
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TECHNICAL ANALYSIS WITH CANDLESTICK CHARTS – 06 JANUARY 2022
Asia Pacific stocks were down on Thursday morning. The Shanghai composite is down 0.17% at 3,589.05. Overall, the Singapore MSCI down 0.39% at 334.70. Over in Hong Kong, the Hang Seng Index down 0.29% at 22,834.00. In Japan, the Nikkei 225 down 2.70% at 28,480.00, while the Topix index is down 1.99% at 1997.0. South Korea’s Kospi down 1.25% to 2916.14. Australia S&P/ASX 200 down 2.74% at 7358.3.

European equities Wednesday closing. The DAX futures contract in Germany traded up 0.74% at 16271.75, CAC 40 futures up 0.81% at 7376.38 and the UK 100 futures contract in the U.K. up 0.16% at 7,516.86.

In U.S. on Wall Street, the Dow Jones Industrial Average closed down 1.07% at 36407.12. The S&P 500 down 1.94% at 4700.59 and the Nasdaq 100 down 3.12% at 15771.78, NYSE closes down 1.29% at 17112.60.

In the Forex market, GBPUSD down 0.18% at 1.3527. The USDJPY down 0.18% at 115.869. The USDCHF up 0.22% at 0.91827. EURUSD down 0.08% at 1.1302, EUR/GBP up 0.17% at 0.8355. The USD/CNY up 0.16% at 6.3743 at the time of writing.

In the commodity market U.S. Gold futures down 0.39% at $1,801.98. Elsewhere, Silver futures down 1.03% at $22.560 per ounce, Platinum down 1.53% at $968.50 per ounce, and Palladium down 0.59% at $1855.50.

Crude Oil up on Thursday; Brent crude oil up 0.11% at $80.14 per barrel while U.S. West Texas Intermediate (CLc1) is up 0.84% at $78.36.

In the Cryptocurrency Markets, Bitcoin at 43167.89 down 0.62%, Ethereum down 2.17% at 3461.78, Litecoin at 136.47 up 0.88%, at the time of writing.

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TECHNICAL ANALYSIS WITH CANDLESTICK CHARTS – 07 JANUARY 2022
Asia Pacific stocks were up on Friday morning. The Shanghai composite is down 0.09% at 3,582.01. Overall, the Singapore MSCI up 1.01% at 339.05. Over in Hong Kong, the Hang Seng Index up 2.10% at 23,475.00. In Japan, the Nikkei 225 down 0.18% at 28,450.00, while the Topix index is down 0.10% at 1991.5. South Korea’s Kospi up 1.18% to 2954.89. Australia S&P/ASX 200 down 0.10% at 4696.04.

European equities Thursday closing. The DAX futures contract in Germany traded down 1.35% at 16052.03, CAC 40 futures down 1.72% at 7249.67 and the UK 100 futures contract in the U.K. down 0.88% at 7,450.36.

In U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.47% at 36236.48. The S&P 500 down 0.10% at 4696.04 and the Nasdaq 100 down 0.04% at 15765.36, NYSE closes up 0.26% at 17156.51.

In the Forex market, GBPUSD up 0.09% at 1.35412. The USDJPY up 0.09% at 115.920. The USDCHF up 0.03% at 0.92130. EURUSD up 0.04% at 1.1299, EUR/GBP flat at 0.8344. The USD/CNY down 0.08% at 6.3774 at the time of writing.

In the commodity market U.S. Gold futures down 0.02% at $1,790.20. Elsewhere, Silver futures down 0.52% at $22.078 per ounce, Platinum down 0.52% at $962.00 per ounce, and Palladium down 0.51% at $1865.00.

Crude Oil up on Friday; Brent crude oil up 1.04% at $82.84 per barrel while U.S. West Texas Intermediate (CLc1) is up 1.38% at $79.44.

In the Cryptocurrency Markets, Bitcoin at 41465.52 down 3.84%, Ethereum down 7.39% at 3157.00, Litecoin at 128.65 down 5.31%, at the time of writing.
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TECHNICAL ANALYSIS WITH CANDLESTICK CHARTS – 10 JANUARY 2022
Asia Pacific stocks were down on Monday morning. The Shanghai composite is up 0.22% at 3,587.12. Overall, the Singapore MSCI up 0.60% at 341.15. Over in Hong Kong, the Hang Seng Index up 0.89% at 23,674.00. In Japan, the Nikkei 225 down 0.14% at 28,410.00, while the Topix index is up 0.05% at 1992.5. South Korea’s Kospi down 0.93% to 2927.36. Australia S&P/ASX 200 down 0.08% at 7447.10.

European equities Friday closing. The DAX futures contract in Germany traded down 0.65% at 15947.74, CAC 40 futures down 0.42% at 7219.49 and the UK 100 futures contract in the U.K. up 0.04% at 7,503.70.

In U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.01% at 36231.67. The S&P 500 down 0.40% at 4677.04 and the Nasdaq 100 down 1.10% at 15592.19, NYSE closes up 0.06% at 17166.27.

In the Forex market, GBPUSD down 0.04% at 1.35795. The USDJPY up 0.30% at 115.822. The USDCHF up 0.28% at 0.92089. EURUSD down 0.29% at 1.1328, EUR/GBP down 0.15% at 0.8341. The USD/CNY down 0.06% at 6.3731 at the time of writing.

In the commodity market U.S. Gold futures down 0.20% at $1,792.30. Elsewhere, Silver futures down 0.51% at $22.228 per ounce, Platinum down 0.31% at $953.50 per ounce, and Palladium down 0.28% at $1928.50.

Crude Oil mix on Monday; Brent crude oil down 0.07% at $81.75 per barrel while U.S. West Texas Intermediate (CLc1) is up 0.03% at $78.87.

In the Cryptocurrency Markets, Bitcoin at 41933.46 up 0.14%, Ethereum up 0.42% at 3164.69, Litecoin at 130.41 down 0.41%, at the time of writing.

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Asia Pacific stocks are becoming broad in the market. This thread is so really useful.

TECHNICAL ANALYSIS WITH CANDLESTICK CHARTS – 11 JANUARY 2022
Asia Pacific stocks were down on Tuesday morning. The Shanghai composite is down 0.51% at 3,575.04. Overall, the Singapore MSCI up 0.07% at 342.10. Over in Hong Kong, the Hang Seng Index up 0.35% at 23,755.00. In Japan, the Nikkei 225 down 0.98% at 28,170.00, while the Topix index is down 0.35% at 1984.5. South Korea’s Kospi up 0.02% to 2927.44. Australia S&P/ASX 200 down 0.77% at 7390.10.

European equities Monday closing. The DAX futures contract in Germany traded down 1.13% at 15768.27, CAC 40 futures down 1.44% at 7115.78 and the UK 100 futures contract in the U.K. up 0.07% at 7,485.50.

In U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.45% at 36068.88. The S&P 500 down 0.14% at 4670.28 and the Nasdaq 100 up 0.14% at 15614.43, NYSE closes down 0.27% at 17119.55.

In the Forex market, GBPUSD up 0.14% at 1.35945. The USDJPY up 0.03% at 115.213. The USDCHF down 0.13% at 0.92592. EURUSD up 0.14% at 1.13414, EUR/GBP up 0.04% at 0.8343. The USD/CNY down 0.06% at 6.3715 at the time of writing.

In the commodity market U.S. Gold futures up 0.48% at $1,809.26. Elsewhere, Silver futures up 0.82% at $22.637 per ounce, Platinum up 1.17% at $952.50 per ounce, and Palladium up 1.57% at $1938.00.

Crude Oil up on Tuesday; Brent crude oil up 0.32% at $81.26 per barrel while U.S. West Texas Intermediate (CLc1) is up 0.40% at $78.25.

In the Cryptocurrency Markets, Bitcoin at 42109.89 up 0.63%, Ethereum up 0.95% at 3112.63, Litecoin at 128.79 up 1.87%, at the time of writing.

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TECHNICAL ANALYSIS WITH CANDLESTICK CHARTS – 14 JANUARY 2022
Asia Pacific stocks were mostly down on Friday morning. The Shanghai composite is down 0.74% at 3,528.82. Overall, the Singapore MSCI down 0.29% at 345.60. Over in Hong Kong, the Hang Seng Index down 0.76% at 24,277.00. In Japan, the Nikkei 225 down 1.58% at 28,100.00, while the Topix index is down 1.37% at 1978.00. South Korea’s Kospi down 1.36% to 2921.92. Australia S&P/ASX 200 down 1.08% at 7393.90.

European equities Thursday closing. The DAX futures contract in Germany traded up 0.13% at 16031.59, CAC 40 futures down 0.50% at 7201.15 and the UK 100 futures contract in the U.K. up 0.16% at 7,563.86.

In U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.49% at 36113.63. The S&P 500 down 1.42% at 4659.02 and the Nasdaq 100 down 2.57% at 15495.62, NYSE closes down 0.55% at 17259.01.

In the Forex market, GBPUSD up 0.23% at 1.37336. The USDJPY down 0.41% at 113.708. The USDCHF down 0.16% at 0.9096. EURUSD up 0.21% at 1.14781, EUR/GBP up 0.03% at 0.8357. The USD/CNY down 0.12% at 6.3518 at the time of writing.

In the commodity market U.S. Gold futures up 0.27% at $1,826.89. Elsewhere, Silver futures up 0.40% at $23.161 per ounce, Platinum up 0.98% at $981.00 per ounce, and Palladium down 0.58% at $1879.00.

Crude Oil up on Friday; Brent crude oil up 0.62% at $84.59 per barrel while U.S. West Texas Intermediate (CLc1) is up 0.47% at $81.55.

In the Cryptocurrency Markets, Bitcoin at 42866.09 up 0.69%, Ethereum up 1.99% at 3306.43, Litecoin at 139.14 up 2.02%, at the time of writing.

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WEEKLY TECHNICAL ANALYSIS WITH CANDLESTICK CHARTS – 16 JANUARY 2022
WEEKLY SNAPSHOT
    MANUFACTURING PRODUCTION (MOM) (NOV), U.K.
    WHEN:                                               WHAT IT HAD INFLUENCED:

11th JANUARY 2022                                GBP and its subsequent pairs

WHAT HAPPENED: Manufacturing Production measures the change in the total inflation-adjusted value of output produced by manufacturers. Manufacturing accounts for approximately 80% of overall Industrial Production.

GBPNZD is trading in the up channel. Further upside can be seen in the coming week.

     Core CPI (MoM) (Dec), U.S.

     WHEN:                                              WHAT IT HAD INFLUENCED:

     12th JANUARY 2022                                USD and its subsequent pairs

WHAT HAPPENED: The Core Consumer Price Index (CPI) measures the changes in the price of goods and services, excluding food and energy. The CPI measures price change from the perspective of the consumer. It is a key way to measure changes in purchasing trends and inflation.

USDNOK is currently in the downward channel. Further downside can be seen in the coming week.

RETAIL SALES (MOM) (NOV), AUSTRALIA
WHEN:                                            WHAT IT HAD INFLUENCED:

10th JANUARY 2022                              AUD and its subsequent pairs

WHAT HAPPENED: Retail Sales measure the change in the total value of inflation-adjusted sales at the retail level. It is the foremost indicator of consumer spending, which accounts for the majority of overall economic activity.

AUDJPY is currently in the downward channel. Further downside can be seen in the coming week.

GOLD FUTURES FALL FOR THE SESSION, GAIN FOR THE WEEK
WHAT IT HAD INFLUENCED:

GOLD

WHAT HAPPENED: Gold futures declined on Friday, giving up earlier gains, but holding onto a climb for the week. Colin Cieszynski, chief market strategist at SIA Wealth Management, attributed the day’s pullback in prices partly to profit-taking ahead of the long weekend, with regular trading closed Monday for the Martin Luther King Jr. holiday. However, a decline in the U.S. dollar for the week and gold’s long-term role as an inflation hedge are among the reasons behind the precious metal’s rise this week, he said. February gold fell $4.90, or 0.3%, to settle at $1,816.50 an ounce. Prices based on the most-active contract rose 1.1% from last Friday’s settlement to mark their fifth weekly rise in six weeks

GOLD is trading in the upward channel. Further upside can be seen in the coming week.

OIL PRICES IN 4TH WEEKLY GAIN ON SIGNS OF TIGHTER SUPPLIES, FIRMER DEMAND
WHAT IT HAD INFLUENCED:

CRUDE OIL

WHAT HAPPENED:

Crude settled higher on Friday, notching a fourth positive week, supported by bets the Omicron-fueled drag on demand will be short-lived at a time when global supplies are expected to tighten.

On the New York Mercantile Exchange crude futures gained 2.1% to settle at $84.82 a barrel, while on London’s Intercontinental Exchange (NYSE:ICE), Brent added 2.0% to trade at $86.14 a barrel.

The fourth week of gains in oil prices has been supported by easing fears about the Omicron variant’s impact on demand.

The International Energy Agency said earlier this week that demand was proving stronger “than many of the market observers had thought, mainly due to the milder Omicron expectations.”

As well as positive demand, supply disruptions from key producers including Nigeria and Libya have propped up bets of tightening global supplies and underpinned a climb in oil prices.

Oil prices were also underpinned by a weaker dollar, which despite a gain on Friday, is on course for a weekly slump.

WTI CRUDE OIL is trading in the up channel. Further upside can be seen in the coming week.

JPMORGAN CLIENT SURVEY: MAJORITY EXPECT BITCOIN PRICE TO REACH $60K OR MORE THIS YEAR
WHAT IT HAD INFLUENCED:

BITCOIN

WHAT HAPPENED:

JPMorgan has conducted a survey of its clients about what they expect the price of bitcoin to be by year-end. The global investment bank released the results earlier this week. The survey was conducted between Dec. 13 and Jan. 7 as part of a broader macroeconomic outlook for 2022. Forty-seven of JPMorgan’s clients participated in the survey.

About 41% of the bank’s clients who responded expect bitcoin to end the year at around $60,000. 23% expect the price to be $20,000 while 20% expect it to be $40,000.

In addition, 9% believe that the price of BTC will reach $80,000, 5% think that it could be $100,000 or more, while 2% expect it to fall to $10,000 or lower.

BTCUSD is trading in the down channel; downside will be seen in the coming days.

5 KEY EVENTS TO WATCH OUT
     CLAIMANT COUNT CHANGE (DEC), U.K.
 WHEN:                                                              WHAT IT INFLUENCES:

 18th JANUARY 2022                                        GBP and its subsequent

                                                                            Pairs

WHAT’S HAPPENING: Claimant Count Change measures the change in the number of unemployed people in the U.K. during the reported month. A rising trend indicates weakness in the labor market, which has a trickle-down effect on consumer spending and economic growth.

A higher-than-expected reading ought to be taken as negative/bearish for the GBP, whereas a lower-than-expected reading should be taken as positive/bullish for the GBP.

      BUILDING PERMITS (DEC), U.S.
WHEN:                                                                WHAT IT INFLUENCES:

19th JANUARY 2022                                            USD and its subsequent

                                                                             Pairs

WHAT’S HAPPENING: Building Permits measures the change in the number of new building permits issued by the government. Building permits are a key indicator of demand in the housing market.

A higher-than-expected reading ought to be taken as positive/bullish for the USD, whereas a lower-than-expected reading should be taken as negative/bearish for the USD.

    EMPLOYMENT CHANGE (DEC), AUSTRALIA
WHEN:                                                               WHAT IT INFLUENCES:

19th JANUARY 2022                                         AUD and its subsequent

                                                                            Pairs

WHAT’S HAPPENING: Employment Change measures the change in the number of people employed. Job creation is an important indicator of consumer spending.

A higher-than-expected reading ought to be taken as positive/bullish for the AUD, whereas a lower-than-expected reading should be taken as negative/bearish for the AUD.

NATIONAL CORE CPI (YOY) (DEC), JAPAN
WHEN:                                                               WHAT IT INFLUENCES:

20th JANUARY 2022                                         JPY and its subsequent

                                                                            Pairs

WHAT’S HAPPENING:  The National Core Consumer Price Index (CPI) measures the change in the price of goods and services purchased by consumers, excluding fresh food.

A higher-than-expected reading ought to be taken as positive/bullish for the JPY, whereas a lower-than-expected reading should be taken as negative/bearish for the JPY.

CORE RETAIL SALES (MOM) (NOV), CANADA
WHEN:                                                               WHAT IT INFLUENCES:

21st JANUARY 2022                                         CAD and it’s subsequent

                                                                            pairs

WHAT’S HAPPENING: Core Retail Sales measures the change in the total value of sales at the retail level in Canada, excluding automobiles. It is an important indicator of consumer spending and is also considered a pace indicator for the Canadian economy.

A higher-than-expected reading ought to be taken as positive/bullish for the CAD, whereas a lower-than-expected reading should be taken as negative/bearish for the CAD.

EQUITIES IN THE COMING WEEK
1. Bank of America (BAC) to announce its Quarterly Results on 18th JANUARY 2022, EPS estimated to 0.7709 per share while revenue estimated 22.17B.

2. Goldman Sachs (GS) to announce its Quarterly Results on 18th JANUARY 2022, EPS estimated to 11.75 per share while revenue estimated 12.00B.

3. Morgan Stanley (MS) to announce its Quarterly Results on 19th JANUARY 2022, EPS estimated to 1.94 per share while revenue estimated 14.57B.

4. Netflix (NFLX) to announce its Quarterly Results on 20th JANUARY 2022, EPS estimated to 0.8454 per share while revenue estimated 7.72B.

5. IHS Markit Ltd (INFO) to announce its Quarterly Results on 21st JANUARY 2022, EPS estimated to 0.8317 per share while revenue estimated 1.15B.

TOP COMMODITIES IN THE COMING WEEK

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TECHNICAL ANALYSIS WITH CANDLESTICK CHARTS – 17 JANUARY 2022
Asia Pacific stocks were mostly up on Monday morning. The Shanghai Composite is up 0.34% at 3,149.81. Overall, the Singapore MSCI was down 0.36% at 344.65. Over in Hong Kong, the Hang Seng Index down 0.69% at 24,217.00. In Japan, the Nikkei 225 is up 0.53% at 28,340.00, while the Topix index is up 0.30% at 1988.00. South Korea’s Kospi down 1.09% to 2890.10. Australia S&P/ASX 200 up 0.32% at 7417.30.

European equities Friday closing. The DAX futures contract in Germany traded down 0.93% at 15883.24, CAC 40 futures down 0.81% at 7143.01 and the UK 100 futures contract in the U.K. up 0.03% at 7,577.10.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.56% at 35911.82. The S&P 500 up 0.08% at 4662.84 and the Nasdaq 100 up 0.75% at 15611.59, NYSE closes down 0.23% at 17219.06.

In the Forex market, GBPUSD is flat at 1.36705. The USDJPY is up 0.33% at 114.525. The USDCHF is up 0.11% at 0.9149. EURUSD down 0.02% at 1.14125, EUR/GBP up 0.13% at 0.8347. The USD/CNY was down 0.08% at 6.3471 at the time of writing.

In the commodity market U.S. Gold futures are up 0.09% at $1,819.00. Elsewhere, Silver futures up 0.08% at $22.960 per ounce, Platinum flat at $971.50 per ounce, and Palladium down 0.13% at $1878.00.

Crude Oil mix on Monday; Brent crude oil flat at $86.32 per barrel while U.S. West Texas Intermediate (CLc1) is up 0.04% at $83.65.

In the Cryptocurrency Markets, Bitcoin at 42759.36 down 0.81%, Ethereum down 2.29% at 3273.35, Litecoin at 148.04 up 1.13%, at the time of writing.

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TECHNICAL ANALYSIS WITH CANDLESTICK CHARTS – 18 JANUARY 2022
Asia Pacific stocks were mostly up on Tuesday morning. The Shanghai Composite is up 0.61% at 3,563.73. Overall, the Singapore MSCI up 0.12% at 344.80. Over in Hong Kong, the Hang Seng Index down 0.23% at 24,135.00. In Japan, the Nikkei 225 is down 0.32% at 28,250.00, while the Topix index is up 0.53% at 1977.50. South Korea’s Kospi down 0.89% to 2864.24. Australia S&P/ASX 200 down 0.11% at 7408.80.

European equities Monday closing. The DAX futures contract in Germany traded up 0.32% at 15933.72, CAC 40 futures up 0.82% at 7201.65 and the UK 100 futures contract in the U.K. up 0.91% at 7,611.24.

In U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.56% at 35911.82. The S&P 500 up 0.08% at 4662.84 and the Nasdaq 100 up 0.75% at 15611.59, NYSE closes down 0.23% at 17219.06.

In the Forex market, GBPUSD down 0.05% at 1.36369. The USDJPY up 0.26% at 114.905. The USDCHF up 0.22% at 0.9152. EURUSD down 0.04% at 1.13982, EUR/GBP up 0.06% at 0.8358. The USD/CNY down 0.08% at 6.3434 at the time of writing.

In the commodity market U.S. Gold futures down 0.11% at $1,816.59. Elsewhere, Silver futures up 0.11% at $22.961 per ounce, Platinum down 0.26% at $969.00 per ounce, and Palladium up 0.29% at $1881.00.

Crude Oil up on Tuesday; Brent crude oil up 1.41% at $87.75 per barrel while U.S. West Texas Intermediate (CLc1) is up 1.27% at $84.74.

In the Cryptocurrency Markets, Bitcoin at 42314.35 up 0.14%, Ethereum down 0.24% at 3203.54, Litecoin at 147.80 down 2.36%, at the time of writing.

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TECHNICAL ANALYSIS WITH CANDLESTICK CHARTS – 19 JANUARY 2022
Asia Pacific stocks were mostly down on Wednesday morning. The Shanghai composite is down 0.63% at 3,547.44. Overall, the Singapore MSCI down 0.03% at 342.60. Over in Hong Kong, the Hang Seng Index down 0.10% at 24,013.00. In Japan, the Nikkei 225 down 3.08% at 27,380.00, while the Topix index is down 2.96% at 1919.00. South Korea’s Kospi down 0.75% to 2842.88. Australia S&P/ASX 200 down 1.03% at 7332.50.

European equities Tuesday closing. The DAX futures contract in Germany traded down 1.01% at 15772.56, CAC 40 futures down 0.94% at 7133.84 and the UK 100 futures contract in the U.K. down 0.63% at 7,563.54.

In U.S. on Wall Street, the Dow Jones Industrial Average closed down 1.51% at 35368.48. The S&P 500 down 1.84% at 4577.10 and the Nasdaq 100 down 2.57% at 15210.76, NYSE closes down 1.56% at 16950.91.

In the Forex market, GBPUSD up 0.10% at 1.36082. The USDJPY down 0.27% at 114.281. The USDCHF down 0.14% at 0.9159. EURUSD up 0.07% at 1.13320, EUR/GBP down 0.04% at 0.8327. The USD/CNY down 0.07% at 6.3482 at the time of writing.

In the commodity market U.S. Gold futures flat at $1,813.30. Elsewhere, Silver futures up 0.27% at $23.518 per ounce, Platinum down 0.41% at $979.00 per ounce, and Palladium down 0.26% at $1900.00.

Crude Oil down on Wednesday; Brent crude oil down 0.52% at $87.96 per barrel while U.S. West Texas Intermediate (CLc1) down 0.57% at $85.29.

In the Cryptocurrency Markets, Bitcoin at 41772.98 down 1.43%, Ethereum down 1.79% at 3106.57, Litecoin at 136.02 down 3.82%, at the time of writing.
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TECHNICAL ANALYSIS WITH CANDLESTICK CHARTS – 20 JANUARY 2022
Asia Pacific stocks were mostly up on Thursday morning. The Shanghai composite is up 0.05% at 3,559.87. Overall, the Singapore MSCI down 0.32% at 343.00. Over in Hong Kong, the Hang Seng Index up 2.77% at 24,741.00. In Japan, the Nikkei 225 up 0.80% at 27,740.00, while the Topix index is up 0.62% at 1936.50. South Korea’s Kospi up 0.69% to 2861.87. Australia S&P/ASX 200 up 0.14% at 7342.40.

European equities Wednesday closing. The DAX futures contract in Germany traded up 0.31% at 15823.00, CAC 40 futures up 0.55% at 7172.99 and the UK 100 futures contract in the U.K. up 0.35% at 7,589.67.

In U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.96% at 35028.66. The S&P 500 down 0.97% at 4532.77 and the Nasdaq 100 down 1.07% at 15047.84, NYSE closes down 0.78% at 16818.97.

In the Forex market, GBPUSD up 0.11% at 1.36275. The USDJPY up 0.14% at 114.478. The USDCHF down 0.03% at 0.9154. EURUSD up 0.08 % at 1.13513, EUR/GBP down 0.01% at 0.8330. The USD/CNY down 0.01% at 6.3439 at the time of writing.

In the commodity market U.S. Gold futures down 0.03% at $1,839.73. Elsewhere, Silver futures up 0.31% at $24.205 per ounce, Platinum up 0.24% at $1026.50 per ounce, and Palladium down 0.42% at $1994.50.

Crude Oil up on Thursday; Brent crude oil up 0.87% at $88.34 per barrel while U.S. West Texas Intermediate (CLc1) up 0.94% at $85.67.

In the Cryptocurrency Markets, Bitcoin at 42006.50 up 0.81%, Ethereum up 1.92% at 3142.18, Litecoin at 138.77 up 1.77%, at the time of writing.
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TECHNICAL ANALYSIS WITH CANDLESTICK CHARTS – 24 JANUARY 2022
Asia Pacific stocks were mostly down on Monday morning. The Shanghai composite is up 0.23% at 3,530.65. Overall, the Singapore MSCI down 1.11% at 339.75. Over in Hong Kong, the Hang Seng Index down 0.80% at 24,716.00. In Japan, the Nikkei 225 up 0.15% at 27,560.00, while the Topix index is up 0.29% at 1930.50. South Korea’s Kospi down 1.60% to 2788.89. Australia S&P/ASX 200 down 0.51% at 7139.50.

European equities Friday closing. The DAX futures contract in Germany traded down 1.94% at 15603.88, CAC 40 futures down 1.75% at 7068.60 and the UK 100 futures contract in the U.K. up 0.58% at 7,479.50.

In U.S. on Wall Street, the Dow Jones Industrial Average closed down 1.30% at 34265.38. The S&P 500 down 1.89% at 4397.95 and the Nasdaq 100 down 2.75% at 14438.40, NYSE closes down 1.60% at 16397.34.

In the Forex market, GBPUSD down 0.04% at 1.35477. The USDJPY up 0.23% at 113.923. The USDCHF up 0.21% at 0.9137. EURUSD down 0.15% at 1.13266, EUR/GBP down 0.09% at 0.8360. The USD/CNY down 0.10% at 6.3323 at the time of writing.

In the commodity market U.S. Gold futures up 0.15% at $1,837.27. Elsewhere, Silver futures down 0.62% at $24.120 per ounce, Platinum up 0.39% at $1032.50 per ounce, and Palladium up 0.64% at $2122.00.

Crude Oil up on Monday; Brent crude oil up 1.00% at $88.58 per barrel while U.S. West Texas Intermediate (CLc1) up 1.13% at $85.54.

In the Cryptocurrency Markets, Bitcoin at 35071.78 down 3.37%, Ethereum down 4.25% at 2435.16, Litecoin at 107.59 down 4.29%, at the time of writing.

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TECHNICAL ANALYSIS WITH CANDLESTICK CHARTS – 27 JANUARY 2022
Asia Pacific stocks were down on Thursday morning. The Shanghai Composite is down 1.21% at 3,413.91. Overall, the Singapore MSCI is down 1.98% at 331.00. Over in Hong Kong, the Hang Seng Index down 2.62% at 23,676.00. In Japan, the Nikkei 225 is down 3.18% at 26,150.00, while the Topix index is down 2.62% at 1841.50. South Korea’s Kospi down 3.31% to 2619.42. Australia S&P/ASX 200 down 1.77% at 6838.30.

European equities Wednesday closing. The DAX futures contract in Germany traded up 2.22% at 15459.39, CAC 40 futures up 2.11% at 6981.97, and the UK 100 futures contract in the U.K. up 1.33% at 7,469.79.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.38% at 34168.10. The S&P 500 down 0.15% at 4349.92 and the Nasdaq 100 up 0.17% at 14172.76, NYSE closes down 0.64% at 16236.51.

In the Forex market, GBPUSD down 0.23% at 1.34290. The USDJPY up 0.05% at 114.695. The USDCHF up 0.05% at 0.92463. EURUSD down 0.19% at 1.122, EUR/GBP up 0.10% at 0.8356. The USD/CNY up 0.41% at 6.3450 at the time of writing.

In the commodity market, U.S. Gold futures are down 0.37% at $1,812.30. Elsewhere, Silver futures down 1.36% at $23.181 per ounce, Platinum down 1.02% at $1019.00 per ounce, and Palladium down 0.90% at $2309.50.

Crude Oil down on Thursday; Brent crude oil down 0.49% at $89.26 per barrel while U.S. West Texas Intermediate (CLc1) down 0.65% at $86.115.

In the Cryptocurrency Markets, Bitcoin at 35985.66 down 2.29%, Ethereum down 3.36% at 2381.04, Litecoin at 105.11 down 1.77%, at the time of writing.

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TECHNICAL ANALYSIS WITH CANDLESTICK CHARTS – 28 JANUARY 2022
Asia Pacific stocks were mostly up on Friday morning. The Shanghai composite is down 0.24% at 3,385.96. Overall, the Singapore MSCI down 0.66% at 330.80. Over in Hong Kong, the Hang Seng Index down 1.08% at 23,581.00. In Japan, the Nikkei 225 up 1.83% at 26,700.00, while the Topix index is up 1.76% at 1875.00. South Korea’s Kospi up 1.92% to 2664.72. Australia S&P/ASX 200 up 2.19% at 6988.10.

European equities Thursday closing. The DAX futures contract in Germany traded up 0.42% at 15524.27, CAC 40 futures up 0.60% at 7023.81 and the UK 100 futures contract in the U.K. up 1.13% at 7,554.32.

In U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.02% at 34160.79. The S&P 500 down 0.54% at 4326.50 and the Nasdaq 100 down 1.20% at 14003.11, NYSE closes down 0.52% at 16152.11.

In the Forex market, GBPUSD up 0.23% at 1.34133. The USDJPY up 0.01% at 115.380. The USDCHF down 0.06% at 0.92987. EURUSD up 0.06% at 1.1152, EUR/GBP down 0.11% at 0.8314. The USD/CNY down 0.13% at 6.3563 at the time of writing.

In the commodity market U.S. Gold futures up 0.04% at $1,797.80. Elsewhere, Silver futures up 0.01% at $22.745 per ounce, Platinum up 0.34% at $1028.00 per ounce, and Palladium down 1.43% at $2339.00.

Crude Oil down on Friday; Brent crude oil down 0.08% at $89.86 per barrel while U.S. West Texas Intermediate (CLc1) down 0.71% at $84.84.

In the Cryptocurrency Markets, Bitcoin at 37340.99 up 0.36%, Ethereum up 1.41% at 2459.35, Litecoin at 108.26 up 1.28%, at the time of writing.

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Technical Analysis of the financial market  - 31 January 2022

Asia Pacific stocks were mostly up on Monday morning. The Shanghai composite is up 0.39% at 3,407.59. Overall, the Singapore MSCI up 1.11% at 332.90. Over in Hong Kong, the Hang Seng Index up 1.91% at 23,862.00. In Japan, the Nikkei 225 up 1.24% at 27,040.00, while the Topix index is up 1.15% at 1896.50. South Korea’s Kospi up 1.87% to 2663.34. Australia S&P/ASX 200 up 1.95% at 6971.60.

European equities Friday closing. The DAX futures contract in Germany traded down 1.32% at 15318.95, CAC 40 futures down 0.82% at 6965.89 and the UK 100 futures contract in the U.K. up 0.24% at 7,531.00.

In U.S. on Wall Street, the Dow Jones Industrial Average closed up 1.65% at 34725.48. The S&P 500 up 2.44% at 4431.86 and the Nasdaq 100 up 3.22% at 14454.61, NYSE closes up 1.52% at 16397.86.

In the Forex market, GBPUSD up 0.27% at 1.34231. The USDJPY up 0.26% at 115.487. The USDCHF up 0.02% at 0.9311. EURUSD up 0.17% at 1.1166, EUR/GBP up 0.09% at 0.83185. The USD/CNY flat at 6.3605 at the time of writing.

In the commodity market U.S. Gold futures down 0.11% at $1,789.16. Elsewhere, Silver futures down 0.16% at $22.417 per ounce, Platinum up 0.20% at $1012.00 per ounce, and Palladium flat at $2376.50.

Crude Oil up on Monday; Brent crude oil up 0.54% at $91.17 per barrel while U.S. West Texas Intermediate (CLc1) up 0.75% at $85.48.

In the Cryptocurrency Markets, Bitcoin at 36996.93 down 2.49%, Ethereum down 3.53% at 2510.48, Litecoin at 104.77 down 3.70%, at the time of writing.

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TECHNICAL ANALYSIS WITH CANDLESTICK CHARTS – 01 FEBRUARY 2022
Asia Pacific stocks were mostly up on Tuesday morning. The Shanghai Composite is down 0.97% at 3,361.43. Overall, the Singapore MSCI up 0.53% at 334.30. Over in Hong Kong, the Hang Seng Index up 1.91% at 23,862.00. In Japan, the Nikkei 225 up 0.04% at 27,060.00, while the Topix index is down 0.21% at 1894.50. South Korea’s Kospi up 1.87% to 2663.34. Australia S&P/ASX 200 up 0.49% at 7006.00.

European equities Monday closing. The DAX futures contract in Germany traded up 0.99% at 15471.20, CAC 40 futures up 0.48% at 6999.21 and the UK 100 futures contract in the U.K. down 0.31% at 7,503.00.

In U.S. on Wall Street, the Dow Jones Industrial Average closed up 1.17% at 35131.87. The S&P 500 up 1.89% at 4515.54 and the Nasdaq 100 up 3.29% at 14930.05, NYSE closes up 1.60% at 16659.77.

In the Forex market, GBPUSD up 0.05% at 1.34499. The USDJPY down 0.11% at 115.019. The USDCHF down 0.14% at 0.92572. EURUSD up 0.03% at 1.12369, EUR/GBP up 0.07% at 0.83551. The USD/CNY flat at 6.3605 at the time of writing.

In the commodity market U.S. Gold futures up 0.34% at $1,802.74. Elsewhere, Silver futures up 0.35% at $22.537 per ounce, Platinum up 0.88% at $1029.00 per ounce, and Palladium up 0.40% at $2358.50.

Crude Oil mix on Tuesday; Brent crude oil up 0.22% at $89.40 per barrel while U.S. West Texas Intermediate (CLc1) down 0.90% at $87.85.

In the Cryptocurrency Markets, Bitcoin at 38314.37 down 0.46%, Ethereum up 1.79% at 2737.06, Litecoin at 110.45 up 0.77%, at the time of writing.

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TECHNICAL ANALYSIS WITH CANDLESTICK CHARTS – 02 FEBRUARY 2022
Asia Pacific stocks were mostly up on Wednesday morning. The Shanghai composite is down 0.97% at 3,361.43. Overall, the Singapore MSCI up 1.10% at 340.10. Over in Hong Kong, the Hang Seng Index up 1.91% at 23,862.00. In Japan, the Nikkei 225 up 1.81% at 27,520.00, while the Topix index is up 2.32% at 1938.00. South Korea’s Kospi up 1.87% to 2663.34. Australia S&P/ASX 200 up 1.17% at 7087.70.

European equities Tuesday closing. The DAX futures contract in Germany traded up 0.96% at 15619.39, CAC 40 futures up 1.43% at 7099.50 and the UK 100 futures contract in the U.K. up 0.96% at 7,535.77.

In U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.78% at 35405.25. The S&P 500 up 0.69% at 4546.53 and the Nasdaq 100 up 0.60% at 15019.68, NYSE closes up 1.02% at 16829.71.

In the Forex market, GBPUSD up 0.01% at 1.35219. The USDJPY up 0.08% at 114.745. The USDCHF up 0.05% at 0.92160. EURUSD down 0.02% at 1.12687, EUR/GBP up 0.01% at 0.83335. The USD/CNY flat at 6.3605 at the time of writing.

In the commodity market U.S. Gold futures down 0.18% at $1,797.15. Elsewhere, Silver futures up 0.18% at $22.660 per ounce, Platinum down 0.24% at $1024.50 per ounce, and Palladium up 0.42% at $2367.00.

Crude Oil down on Wednesday; Brent crude oil down 0.08% at $89.28 per barrel while U.S. West Texas Intermediate (CLc1) down 0.04% at $87.40.

In the Cryptocurrency Markets, Bitcoin at 38369.00 down 0.94%, Ethereum down 1.24% at 2756.43, Litecoin at 113.67 down 1.23%, at the time of writing.

TECHNICAL REPORT

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TECHNICAL ANALYSIS WITH CANDLESTICK CHARTS – 03 FEBRUARY 2022
Asia Pacific stocks were mostly mix on Thursday morning. The Shanghai composite is down 0.97% at 3,361.43. Overall, the Singapore MSCI down 0.37% at 339.20. Over in Hong Kong, the Hang Seng Index up 1.91% at 23,862.00. In Japan, the Nikkei 225 down 1.23% at 27,200.00, while the Topix index is down 1.01% at 1919.50. South Korea’s Kospi up 1.67% to 2707.82. Australia S&P/ASX 200 down 0.14% at 7078.00.

European equities Wednesday closing. The DAX futures contract in Germany traded down 0.04% at 15613.77, CAC 40 futures up 0.22% at 7155.28 and the UK 100 futures contract in the U.K. up 0.63% at 7,583.01.

In U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.63% at 35629.34. The S&P 500 up 0.94% at 4589.37 and the Nasdaq 100 up 0.80% at 15139.74, NYSE closes up 0.44% at 16904.51.

In the Forex market, GBPUSD down 0.16% at 1.35532. The USDJPY up 0.07% at 114.525. The USDCHF up 0.22% at 0.92028. EURUSD down 0.07% at 1.12939, EUR/GBP up 0.10% at 0.83327. The USD/CNY flat at 6.3605 at the time of writing.

In the commodity market U.S. Gold futures down 0.04% at $1,805.55. Elsewhere, Silver futures down 0.45% at $22.540 per ounce, Platinum down 0.39% at $1031.00 per ounce, and Palladium flat at $2374.50.

Crude Oil down on Thursday; Brent crude oil down 0.17% at $89.13 per barrel while U.S. West Texas Intermediate (CLc1) down 0.17% at $86.94.

In the Cryptocurrency Markets, Bitcoin at 36957.85 up 0.09%, Ethereum down 0.96% at 2656.56, Litecoin at 109.14 up 0.71%, at the time of writing.

TECHNICAL REPORT

GBPUSD

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TECHNICAL ANALYSIS WITH CANDLESTICK CHARTS – 04 FEBRUARY 2022

Asia Pacific stocks were mixed on Friday morning. The Shanghai composite is down 0.97% at 3,361.43. Overall, the Singapore MSCI up 0.31% at 341.65. Over in Hong Kong, the Hang Seng Index up 2.84% at 24,539.00. In Japan, the Nikkei 225 up 0.77% at 27,410.00, while the Topix index is up 0.55% at 1930.00. South Korea’s Kospi up 1.57% to 2750.26. Australia S&P/ASX 200 up 0.60% at 7120.20.

European equities Thursday closing. The DAX futures contract in Germany traded down 1.57% at 15368.47, CAC 40 futures down 1.54% at 7005.64 and the UK 100 futures contract in the U.K. down 0.71% at 7,528.85.

In U.S. on Wall Street, the Dow Jones Industrial Average closed down 1.45% at 35111.17. The S&P 500 down 2.44% at 4477.43 and the Nasdaq 100 down 4.22% at 14501.11, NYSE closes down 1.34% at 16677.39.

In the Forex market, GBPUSD down 0.01% at 1.35923. The USDJPY down 0.01% at 114.968. The USDCHF up 0.10% at 0.92021. EURUSD up 0.21% at 1.14589, EUR/GBP up 0.24% at 0.84293. The USD/CNY flat at 6.3605 at the time of writing.

In the commodity market U.S. Gold futures up 0.16% at $1,807.84. Elsewhere, Silver futures up 0.47% at $22.519 per ounce, Platinum flat at $1034.50 per ounce, and Palladium up 0.43% at $2339.50.

Crude Oil up on Friday; Brent crude oil up 0.42% at $91.37 per barrel while U.S. West Texas Intermediate (CLc1) up 0.50% at $89.47.

In the Cryptocurrency Markets, Bitcoin at 38011.52 up 1.85%, Ethereum up 3.43% at 2790.16, Litecoin at 112.72 up 1.49%, at the time of writing.

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TECHNICAL ANALYSIS WITH CANDLESTICK CHARTS – 09 FEBRUARY 2022
Asia Pacific stocks were mixed on Wednesday morning. The Shanghai composite is up 0.77% at 3,479.26. Overall, the Singapore MSCI up 1.02% at 355.55. Over in Hong Kong, the Hang Seng Index up 1.94% at 24,796.00. In Japan, the Nikkei 225 up 0.99% at 27,550.00, while the Topix index is up 1.06% at 1953.00. South Korea’s Kospi up 0.81% to 2768.85. Australia S&P/ASX 200 up 1.14% at 7268.30.

European equities Tuesday closing. The DAX futures contract in Germany traded up 0.24% at 15242.38, CAC 40 futures up 0.27% at 7028.42 and the UK 100 futures contract in the U.K. down 0.08% at 7,567.06.

In U.S. on Wall Street, the Dow Jones Industrial Average closed up 1.06% at 35462.79. The S&P 500 up 0.84% at 4521.55 and the Nasdaq 100 up 1.21% at 14747.03, NYSE closes up 0.78% at 16853.70.

In the Forex market, GBPUSD up 0.14% at 1.35570. The USDJPY down 0.01% at 115.507. The USDCHF up 0.03% at 0.92480. EURUSD up 0.07% at 1.14219, EUR/GBP up 0.02% at 0.84243. The USD/CNY down 0.05% at 6.3625 at the time of writing.

In the commodity market U.S. Gold futures up 0.07% at $1,827.26. Elsewhere, Silver futures up 0.10% at $23.211 per ounce, Platinum down 0.19% at $1031.00 per ounce, and Palladium down 0.22% at $2240.00.

Crude Oil down on Wednesday; Brent crude oil down 0.77% at $90.46 per barrel while U.S. West Texas Intermediate (CLc1) down 0.79% at $87.96.

In the Cryptocurrency Markets, Bitcoin at 43164.00 down 0.63%, Ethereum down 0.49% at 3105.67, Litecoin at 137.27 up 2.61%, at the time of writing.

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GOLD: WEEKLY SCENARIO – 11 FEBRUARY 2022

GOLD PRICE TECHNICAL ANALYSIS: WEEKLY CHART

GOLD Price Technical Analysis;

In the weekly charts, Gold is trading in an upward channel.

Gold is near its crucial support of 20-days SMA. If it breaks this support, it will possibly test the 50-days SMA level.

Gold will follow an uptrend in the coming weeks.

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TECHNICAL ANALYSIS WITH CANDLESTICK CHARTS – 14 FEBRUARY 2022
Asia Pacific stocks were mostly down on Monday morning. The Shanghai Composite is down 1.45% at 3,421.59. Overall, the Singapore MSCI down 0.31% at 354.90. Over in Hong Kong, the Hang Seng Index down 1.23% at 24,556.00. In Japan, the Nikkei 225 down 2.17% at 27,100.00, while the Topix index is down 1.73% at 1932.00. South Korea’s Kospi down 1.57% to 2704.48. Australia S&P/ASX 200 up 0.37% at 7243.90.

European equities Friday closing. The DAX futures contract in Germany traded down 0.42% at 15425.12, CAC 40 futures down 1.27% at 7011.61 and the UK 100 futures contract in the U.K. down 0.15% at 7,661.03.

In U.S. on Wall Street, the Dow Jones Industrial Average closed down 1.43% at 34738.07. The S&P 500 down 0.14% at 4417.70 and the Nasdaq 100 down 3.07% at 14253.84, NYSE closes down 1.13% at 16664.99.

In the Forex market, GBPUSD down 0.07% at 1.35386. The USDJPY down 0.06% at 115.354. The USDCHF up 0.09% at 0.92554. EURUSD down 0.02% at 1.13433, EUR/GBP up 0.19% at 0.83782. The USD/CNY up 0.13% at 6.3620 at the time of writing.

In the commodity market U.S. Gold futures down 0.34% at $1,852.08. Elsewhere, Silver futures up 0.12% at $23.572 per ounce, Platinum up 0.53% at $1034.00 per ounce, and Palladium up 1.75% at $2352.00.

Crude Oil up on Monday; Brent crude oil up 0.43% at $95.37 per barrel while U.S. West Texas Intermediate (CLc1) up 0.44% at $92.59.

In the Cryptocurrency Markets, Bitcoin at 42183.88 up 0.25%, Ethereum up 0.06% at 2874.44, Litecoin at 124.59 down 0.84%, at the time of writing.

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TECHNICAL ANALYSIS WITH CANDLESTICK CHARTS – 15 FEBRUARY 2022
Asia Pacific stocks were mostly down on Tuesday morning. The Shanghai composite is flat at 3,428.73. Overall, the Singapore MSCI down 1.95% at 346.40. Over in Hong Kong, the Hang Seng Index down 0.81% at 24,239.00. In Japan, the Nikkei 225 down 1.00% at 26,830.00, while the Topix index is down 0.93% at 1914.00. South Korea’s Kospi down 1.03% to 2676.53. Australia S&P/ASX 200 down 0.51% at 7206.90.

European equities Monday closing. The DAX futures contract in Germany traded down 2.02% at 15113.97, CAC 40 futures down 2.27% at 6852.21 and the UK 100 futures contract in the U.K. down 1.69% at 7,531.58.

In U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.49% at 34566.18. The S&P 500 down 0.38% at 4401.66 and the Nasdaq 100 up 0.10% at 14268.59, NYSE closes down 0.80% at 16531.31.

In the Forex market, GBPUSD up 0.07% at 1.3532. The USDJPY down 0.21% at 115.275. The USDCHF down 0.03% at 0.9238. EURUSD up 0.14% at 1.13216, EUR/GBP up 0.18% at 0.8366. The USD/CNY down 0.11% at 6.3498 at the time of writing.

In the commodity market U.S. Gold futures up 0.41% at $1,878.70. Elsewhere, Silver futures down 0.17% at $23.804 per ounce, Platinum down 0.05% at $1027.50 per ounce, and Palladium down 1.18% at $2341.50.

Crude Oil up on Tuesday; Brent crude oil up 0.30% at $95.99 per barrel while U.S. West Texas Intermediate (CLc1) up 0.02% at $92.96.

In the Cryptocurrency Markets, Bitcoin at 43633.85 up 2.57%, Ethereum up 3.42% at 3036.58, Litecoin at 127.59 up 2.33%, at the time of writing.

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ETHEREUM: WEEKLY SCENARIO – 16 FEBRUARY 2022

ETHEREUM  PRICE TECHNICAL ANALYSIS: WEEKLY CHART

ETHEREUM WEEKLY SCENARIO

In the weekly charts , Ethereum is trading in a downward channel.

Ethereum is near its crucial support of 20-days SMA. If it breaks this support, it will possibly test the 50-days SMA level.

Ethereum will follow a downtrend in the coming weeks.

Ethereum’s crucial resistance level is at 2,825 which is near 20 days SMA as of now. There are no signs of a bullish trend.

Bears have their tight grip on Ethereum.

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TECHNICAL ANALYSIS WITH CANDLESTICK CHARTS – 21 FEBRUARY 2022​


Asia Pacific stocks were mostly down on Monday morning. The Shanghai composite is down 0.07% at 3,488.16. Overall, the Singapore MSCI down 0.20% at 348.75. Over in Hong Kong, the Hang Seng Index down 0.67% at 24,161.00. In Japan, the Nikkei 225 down 0.55% at 26,940.00, while the Topix index is down 0.47% at 1912.00. South Korea’s Kospi down 0.03% to 2743.80. Australia S&P/ASX 200 up 0.16% at 7233.60.
European equities Friday closing. The DAX futures contract in Germany traded down 1.47% at 15042.51, CAC 40 futures down 0.25% at 6929.64 and the UK 100 futures contract in the U.K. down 0.32% at 7,513.63.
In U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.68% at 34079.19. The S&P 500 down 0.72% at 4348.88 and the Nasdaq 100 down 1.14% at 14009.54, NYSE closes down 0.60% at 16392.32.
In the Forex market, GBPUSD up 0.34% at 1.3626. The USDJPY flat at 114.995. The USDCHF down 0.11% at 0.9201. EURUSD up 0.48% at 1.1373, EUR/GBP up 0.31% at 0.8346. The USD/CNY up 0.10% at 6.3316 at the time of writing.
In the commodity market U.S. Gold futures down 0.53% at $1,888.19. Elsewhere, Silver futures down 0.74% at $23.724 per ounce, Platinum up 0.66% at $1071.50 per ounce, and Palladium down 1.28% at $2316.50.
Crude Oil down on Monday; Brent crude oil down 0.49% at $93.18 per barrel while U.S. West Texas Intermediate (CLc1) down 1.00% at $89.47.
In the Cryptocurrency Markets, Bitcoin at 39126.84 up 1.96%, Ethereum up 4.52% at 2739.20, Litecoin at 113.15 up 2.34%, at the time of writing.

TECHNICAL SUMMARY​

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TECHNICAL ANALYSIS WITH CANDLESTICK CHARTS – 23 FEBRUARY 2022​

Asia Pacific stocks were down on Tuesday morning following Russia’s troops into breakaway regions of eastern Ukraine. The Shanghai composite is down 1.21% at 3,448.11. Overall, the Singapore MSCI down 0.85% at 345.50. Over in Hong Kong, the Hang Seng Index down 2.79% at 23,493.00. In Japan, the Nikkei 225 down 1.89% at 26,430.00, while the Topix index is down 1.60% at 1881.50. South Korea’s Kospi down 1.35% to 2706.79. Australia S&P/ASX 200 down 1.00% at 7161.30.

European equities Monday closing. The DAX futures contract in Germany traded down 2.07% at 14731.12, CAC 40 futures down 2.04% at 6788.35 and the UK 100 futures contract in the U.K. down 0.04% at 7,417.00.
In U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.68% at 34079.19. The S&P 500 down 0.72% at 4348.88 and the Nasdaq 100 down 1.14% at 14009.54, NYSE closes down 0.60% at 16392.32.

In the Forex market, GBPUSD down 0.06% at 1.3587. The USDJPY down 0.04% at 114.680. The USDCHF up 0.05% at 0.9162. EURUSD down 0.04% at 1.1303, EUR/GBP up 0.12% at 0.8319. The USD/CNY up 0.11% at 6.3412 at the time of writing.

In the commodity market U.S. Gold futures up 0.33% at $1,909.64. Elsewhere, Silver futures up 1.04% at $24.149 per ounce, Platinum up 1.26% at $1087.50 per ounce, and Palladium up 0.82% at $2404.50.
Crude Oil up on Tuesday; Brent crude oil up 0.43% at $97.42 per barrel while U.S. West Texas Intermediate (CLc1) up 0.69% at $93.10.

In the Cryptocurrency Markets, Bitcoin at 36868.13 down 0.56%, Ethereum down 1.65% at 2529.25, Litecoin at 102.00 down 0.64%, at the time of writing.
TECHNICAL SUMMARY​
GBPUSD

Technical Analysis

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TECHNICAL ANALYSIS WITH CANDLESTICK CHARTS – 24 FEBRUARY 2022​

Asia Pacific stocks were down on Thursday morning, with the focus squarely on the crisis in Eastern Europe. The Shanghai composite is down 1.85% at 3,424.53. Overall, the Singapore MSCI down 4.02% at 330.30. Over in Hong Kong, the Hang Seng Index down 3.06% at 22,947.00. In Japan, the Nikkei 225 down 1.89% at 25,930.00, while the Topix index is down 1.28% at 1857.50. South Korea’s Kospi down 2.60% to 2648.80. Australia S&P/ASX 200 down 2.99% at 6990.60.
European equities Wednesday closing. The DAX futures contract in Germany traded down 0.42% at 14631.36, CAC 40 futures down 0.10% at 6780.68 and the UK 100 futures contract in the U.K. up 0.05% at 7,498.19.
In U.S. on Wall Street, the Dow Jones Industrial Average closed down 1.38% at 33131.77. The S&P 500 down 1.84% at 4225.49 and the Nasdaq 100 down 2.60% at 13509.43, NYSE closes down 1.21% at 16019.58.
In the Forex market, GBPUSD down 0.31% at 1.3499. The USDJPY down 0.48% at 114.434. The USDCHF up 0.06% at 0.9178. EURUSD down 0.51% at 1.1244, EUR/GBP down 0.13% at 0.8329. The USD/CNY up 0.09% at 6.3189 at the time of writing.
In the commodity market U.S. Gold futures up 1.82% at $1,941.88. Elsewhere, Silver futures up 1.98% at $25.015 per ounce, Platinum up 1.65% at $1107.00 per ounce, and Palladium up 2.12% at $2531.00.
Crude Oil up on Thursday; Brent crude oil up 5.32% at $102.25 per barrel while U.S. West Texas Intermediate (CLc1) up 4.99% at $96.49.
In the Cryptocurrency Markets, Bitcoin at 34877.74 down 6.43%, Ethereum down 9.39% at 2339.43 Litecoin at 94.40 down 10.51%, at the time of writing.

TECHNICAL SUMMARY​


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TECHNICAL ANALYSIS WITH CANDLESTICK CHARTS – 25 FEBRUARY 2022​

Asia Pacific stocks were up on Friday morning. The Shanghai composite is up 0.50% at 3,445.33. Overall, the Singapore MSCI up 0.76% at 332.40. Over in Hong Kong, the Hang Seng Index down 0.70% at 22,734.00. In Japan, the Nikkei 225 up 2.01% at 26,450.00, while the Topix index is up 1.05% at 1877.50. South Korea’s Kospi up 1.11% to 2678.16. Australia S&P/ASX 200 up 0.10% at 6997.80.

European equities Thursday closing. The DAX futures contract in Germany traded down 3.96% at 14052.10, CAC 40 futures down 3.83% at 6521.06 and the UK 100 futures contract in the U.K. down 3.88% at 7,207.37.

In U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.28% at 33223.84. The S&P 500 up 1.50% at 4288.69 and the Nasdaq 100 up 1.19% at 170.19, NYSE closes down 0.15% at 15995.99.
In the Forex market, GBPUSD up 0.39% at 1.3424. The USDJPY down 0.23% at 115.225. The USDCHF down 0.18% at 0.9234. EURUSD up 0.23% at 1.1216, EUR/GBP down 0.06% at 0.8354. The USD/CNY down 0.21% at 6.3132 at the time of writing.

In the commodity market U.S. Gold futures up 0.72% at $1,916.70. Elsewhere, Silver futures up 0.65% at $24.366 per ounce, Platinum up 0.38% at $1060.50 per ounce, and Palladium up 1.95% at $2462.00.

Crude Oil up on Friday; Brent crude oil up 1.96% at $100.98 per barrel while U.S. West Texas Intermediate (CLc1) up 1.58% at $93.97.
In the Cryptocurrency Markets, Bitcoin at 38600.59 up 0.58%, Ethereum up 0.98% at 2624.52 Litecoin at 103.26 down 0.98%, at the time of writing.
TECHNICAL SUMMARY​
GBPUSD

Technical Analysis

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TECHNICAL ANALYSIS WITH CANDLESTICK CHARTS – 28 FEBRUARY 2022​

Asia Pacific stocks were mostly down on Monday morning. The Shanghai composite is down 0.14% at 3,446.44. Overall, the Singapore MSCI down 0.92% at 329.50. Over in Hong Kong, the Hang Seng Index down 1.13% at 22,376.00. In Japan, the Nikkei 225 down 0.38% at 26,400.00, while the Topix index is down 0.13% at 1877.50. South Korea’s Kospi up 0.07% to 2677.78. Australia S&P/ASX 200 up 0.63% at 7042.00.

European equities Friday closing. The DAX futures contract in Germany traded down 3.67% at 14567.23, CAC 40 futures up 3.55% at 6752.44 and the UK 100 futures contract in the U.K. up 3.91% at 7,489.47.

In U.S. on Wall Street, the Dow Jones Industrial Average closed up 2.51% at 34058.76. The S&P 500 up 2.24% at 4384.64 and the Nasdaq 100 up 1.53% at 14189.16, NYSE closes up 2.70% at 16427.95.

In the Forex market, GBPUSD down 0.49% at 1.3343. The USDJPY up 0.08% at 115.600. The USDCHF up 0.11% at 0.9264. EURUSD down 1.13% at 1.1143, EUR/GBP down 0.52% at 0.8351. The USD/CNY down 0.09% at 6.3112 at the time of writing.

In the commodity market U.S. Gold futures up 1.16% at $1,911.06. Elsewhere, Silver futures up 0.25% at $24.300 per ounce, Platinum up 0.28% at $1058.00 per ounce, and Palladium up 5.73% at $2499.00.

Crude Oil up on Monday; Brent crude oil up 4.79% at $103.11 per barrel while U.S. West Texas Intermediate (CLc1) up 5.52% at $96.43.
In the Cryptocurrency Markets, Bitcoin is at 37855.40 up 0.38%, Ethereum down 0.15% at 2614.00 Litecoin at 103.13 up 0.02%, at the time of writing.

TECHNICAL SUMMARY​

GBPUSD

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TECHNICAL ANALYSIS WITH CANDLESTICK CHARTS – 01 MARCH 2022​

Asia Pacific stocks were up on Tuesday morning. The Shanghai composite is up 0.27% at 3,471.60. Overall, the Singapore MSCI up 0.95% at 334.55. Over in Hong Kong, the Hang Seng Index down 0.34% at 22,579.00. In Japan, the Nikkei 225 up 1.20% at 26,880.00, while the Topix index is up 0.56% at 1901.50. South Korea’s Kospi up 0.84% to 2699.18. Australia S&P/ASX 200 up 0.67% at 7096.50.

European equities Monday closing. The DAX futures contract in Germany traded down 0.73% at 14461.02, CAC 40 futures down 1.39% at 6658.84 and the UK 100 futures contract in the U.K. down 0.42% at 7,458.24.

In U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.49% at 33892.61. The S&P 500 down 0.24% at 4373.95 and the Nasdaq 100 up 0.34% at 14237.81, NYSE closes down 0.69% at 16313.89.

In the Forex market, GBPUSD up 0.02% at 1.3418. The USDJPY up 0.10% at 115.072. The USDCHF up 0.17% at 0.9183. EURUSD down 0.17% at 1.1197, EUR/GBP down 0.14% at 0.8344. The USD/CNY up 0.06% at 6.3123 at the time of writing.

In the commodity market U.S. Gold futures down 0.09% at $1,906.84. Elsewhere, Silver futures down 0.13% at $24.410 per ounce, Platinum up 0.05% at $1045.00 per ounce, and Palladium up 0.06% at $2492.50.
Crude Oil up on Tuesday; Brent crude oil up 1.34% at $99.32 per barrel while U.S. West Texas Intermediate (CLc1) up 1.05% at $95.99.

In the Cryptocurrency Markets, Bitcoin at 43190.22 up 0.03%, Ethereum down 0.79% at 2902.39 Litecoin at 112.15 down 1.40%, at the time of writing.
TECHNICAL SUMMARY​
GBPUSD

Technical Analysis

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TECHNICAL ANALYSIS WITH CANDLESTICK CHARTS – 02 MARCH 2022​

Asia Pacific stocks were mostly down on Wednesday morning. The Shanghai composite is down 0.34% at 3,477.05. Overall, the Singapore MSCI down 3.46% at 323.90. Over in Hong Kong, the Hang Seng Index down 0.55% at 22,435.00. In Japan, the Nikkei 225 down 1.75% at 26,410.00, while the Topix index is down 1.89% at 1864.00. South Korea’s Kospi up 0.34% to 2708.41. Australia S&P/ASX 200 up 0.28% at 7116.70.

European equities Tuesday closing. The DAX futures contract in Germany traded down 3.85% at 13904.85, CAC 40 futures down 3.94% at 6396.49 and the UK 100 futures contract in the U.K. down 1.72% at 7,330.19.

In U.S. on Wall Street, the Dow Jones Industrial Average closed down 1.76% at 33294.96. The S&P 500 down 1.55% at 4306.27 and the Nasdaq 100 down 1.63% at 14005.99, NYSE closes down 1.50% at 16069.15.

In the Forex market, GBPUSD down 0.10% at 1.3305. The USDJPY up 0.16% at 115.051. The USDCHF up 0.01% at 0.9189. EURUSD down 0.08% at 1.1111, EUR/GBP up 0.13% at 0.8351. The USD/CNY down 0.01% at 6.3112 at the time of writing.

In the commodity market U.S. Gold futures down 0.57% at $1,933.53. Elsewhere, Silver futures down 1.36% at $25.010 per ounce, Platinum down 0.24% at $1051.50 per ounce, and Palladium up 1.26% at $2619.50.

Crude Oil up on Wednesday; Brent crude oil up 2.17% at $109.58 per barrel while U.S. West Texas Intermediate (CLc1) up 1.39% at $106.35.
In the Cryptocurrency Markets, Bitcoin at 44235.28 down 0.41%, Ethereum up 0.57% at 2993.37, Litecoin at 112.71 up 0.13%, at the time of writing.
TECHNICAL SUMMARY​

GBPUSD

Technical Analysis

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TECHNICAL ANALYSIS WITH CANDLESTICK CHARTS – 03 MARCH 2022​

Asia Pacific stocks were mostly up on Thursday morning. The Shanghai composite is up 0.15% at 3,483.53. Overall, the Singapore MSCI down 0.47% at 320.90. Over in Hong Kong, the Hang Seng Index up 0.29% at 22,382.00. In Japan, the Nikkei 225 up 1.14% at 26,660.00, while the Topix index is up 1.43% at 1885.50. South Korea’s Kospi up 1.61% to 2747.08. Australia S&P/ASX 200 up 0.49% at 7151.40.

European equities Wednesday closing. The DAX futures contract in Germany traded up 0.69% at 14000.11, CAC 40 futures up 1.59% at 6498.03 and the UK 100 futures contract in the U.K. up 1.36% at 7,429.55.

In U.S. on Wall Street, the Dow Jones Industrial Average closed up 1.79% at 33891.36. The S&P 500 up 1.86% at 4386.53 and the Nasdaq 100 up 1.70% at 14243.69, NYSE closes up 1.94% at 16380.91.

In the Forex market, GBPUSD down 0.02% at 1.3403. The USDJPY up 0.15% at 115.679. The USDCHF down 0.05% at 0.9196. EURUSD down 0.17% at 1.1100, EUR/GBP down 0.14% at 0.8281. The USD/CNY down 0.08% at 6.3173 at the time of writing.

In the commodity market U.S. Gold futures up 0.04% at $1,929.08. Elsewhere, Silver futures up 0.13% at $25.326 per ounce, Platinum up 0.56% at $1079.00 per ounce, and Palladium up 0.32% at $2684.50.

Crude Oil up on Thursday; Brent crude oil up 1.97% at $116.78 per barrel while U.S. West Texas Intermediate (CLc1) up 2.45% at $112.36.

In the Cryptocurrency Markets, Bitcoin at 43426.20 down 1.16%, Ethereum down 1.35% at 2910.35, Litecoin at 111.69 up 1.25%, at the time of writing.
​
TECHNICAL SUMMARY​

GBPUSD

Technical Analysis

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TECHNICAL ANALYSIS WITH CANDLESTICK CHARTS – 04 MARCH 2022​

Asia Pacific stocks were down on Friday morning. The Shanghai composite is down 1.18% at 3,439.91. Overall, the Singapore MSCI down 2.16% at 312.50. Over in Hong Kong, the Hang Seng Index down 2.57% at 21,796.00. In Japan, the Nikkei 225 down 2.10% at 26,100.00, while the Topix index is down 1.78% at 1852.00. South Korea’s Kospi down 1.22% to 2713.43. Australia S&P/ASX 200 down 0.57% at 7110.80.

European equities Thursday closing. The DAX futures contract in Germany traded down 2.16% at 13698.40, CAC 40 futures down 1.84% at 6378.38 and the UK 100 futures contract in the U.K. down 2.57% at 7,238.84.

In U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.29% at 33794.67. The S&P 500 down 0.53% at 4363.50 and the Nasdaq 100 down 1.46% at 14035.21, NYSE closes down 0.57% at 16287.49.

In the Forex market, GBPUSD down 0.07% at 1.3335. The USDJPY up 0.05% at 115.510. The USDCHF up 0.19% at 0.9188. EURUSD down 0.44% at 1.1017, EUR/GBP down 0.29% at 0.8262. The USD/CNY flat at 6.3199 at the time of writing.

In the commodity market U.S. Gold futures down 0.02% at $1,935.10. Elsewhere, Silver futures down 0.21% at $25.093 per ounce, Platinum up 0.56% at $1085.50 per ounce, and Palladium up 0.29% at $2791.00.

Crude Oil up on Friday; Brent crude oil up 1.06% at $111.56 per barrel while U.S. West Texas Intermediate (CLc1) up 1.06% at $107.529.

In the Cryptocurrency Markets, Bitcoin at 41414.17 down 2.50%, Ethereum down 3.87% at 2725.00, Litecoin at 107.13 down 4.25%, at the time of writing.


TECHNICAL SUMMARY​
GBPUSD

Technical Analysis

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TECHNICAL ANALYSIS WITH CANDLESTICK CHARTS – 07 MARCH 2022​

Asia Pacific stocks were down on Monday morning. The Shanghai composite is down 2.15% at 3,373.19. Overall, the Singapore MSCI down 1.38% at 303.40. Over in Hong Kong, the Hang Seng Index down 3.56% at 21,064.00. In Japan, the Nikkei 225 down 3.41% at 25,210.00, while the Topix index is down 3.27% at 1791.50. South Korea’s Kospi down 2.29% to 2651.31. Australia S&P/ASX 200 down 1.02% at 7038.60.

European equities Friday closing. The DAX futures contract in Germany traded down 4.41% at 13094.54, CAC 40 futures down 4.97% at 6061.66 and the UK 100 futures contract in the U.K. down 3.48% at 6,987.15.

In U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.53% at 33614.81. The S&P 500 down 0.79% at 4328.88 and the Nasdaq 100 down 1.41% at 13837.83, NYSE closes down 0.97% at 16129.66.

In the Forex market, GBPUSD down 0.12% at 1.3211. The USDJPY up 0.22% at 114.996. The USDCHF up 0.47% at 0.9210. EURUSD down 0.53% at 1.0872, EUR/GBP down 0.29% at 0.8230. The USD/CNY up 0.01% at 6.3194 at the time of writing.

In the commodity market U.S. Gold futures up 0.65% at $1,983.65. Elsewhere, Silver futures up 0.43% at $25.790 per ounce, Platinum up 1.78% at $1143.50 per ounce, and Palladium up 5.12% at $3159.50.

Crude Oil up on Monday; Brent crude oil up 9.88% at $129.53 per barrel while U.S. West Texas Intermediate (CLc1) up 8.98% at $123.169.
In the Cryptocurrency Markets, Bitcoin at 38199.98 down 0.62%, Ethereum down 0.33% at 2541.09, Litecoin at 99.95 down 1.08%, at the time of writing.

TECHNICAL SUMMARY​



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NZD/USD WEEKLY SCENARIO – 07 MARCH 2022​

NZDUSD Technical Analysis: Weekly Chart

In the weekly charts, NZDUSD is trading in a down channel.

It is trading below 50 days SMA & above 20 and 100 days SMA.

The immediate support is 0.6798 & the resistance level is at 0.6918.

NZDUSD is trading in the down channel until there is a trend reversal.

NZDUSD Technical Analysis: Daily Chart

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TECHNICAL ANALYSIS WITH CANDLESTICK CHARTS – 09 MARCH 2022​

Asia Pacific stocks were mostly down on Wednesday morning. The Shanghai composite is down 1.16% at 3,255.43. Overall, the Singapore MSCI up 1.69% at 300.55. Over in Hong Kong, the Hang Seng Index down 1.97% at 20,447.00. In Japan, the Nikkei 225 up 0.24% at 24,750.00, while the Topix index is up 0.14% at 1761.50. South Korea’s Kospi down 1.09% to 2622.40. Australia S&P/ASX 200 up 1.04% at 7053.00.

European equities Tuesday closing. The DAX futures contract in Germany traded down 0.02% at 12831.51, CAC 40 futures down 0.32% at 5962.97 and the UK 100 futures contract in the U.K. up 0.07% at 6,964.10.

In U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.56% at 32632.65. The S&P 500 down 0.72% at 4170.69 and the Nasdaq 100 down 0.39% at 13267.61, NYSE closes down 0.52% at 15625.93.

In the Forex market, GBPUSD up 0.11% at 1.3114. The USDJPY up 0.16% at 115.810. The USDCHF down 0.01% at 0.9275. EURUSD up 0.17% at 1.0914, EUR/GBP up 0.06% at 0.8322. The USD/CNY up 0.02% at 6.3188 at the time of writing.

In the commodity market U.S. Gold futures down 0.32% at $2,035.30. Elsewhere, Silver futures up 0.87% at $26.606 per ounce, Platinum up 1.13% at $1168.50 per ounce, and Palladium up 1.57% at $3225.50.

Crude Oil up on Wednesday; Brent crude oil up 0.92% at $130.30 per barrel while U.S. West Texas Intermediate (CLc1) up 0.61% at $122.74.

In the Cryptocurrency Markets, Bitcoin at 1606.16 up 7.28%, Ethereum up 5.60% at 2722.24, Litecoin at 106.42 up 5.66%, at the time of writing.

TECHNICAL SUMMARY​
GBPUSD

Technical Analysis

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BITCOIN TECHNICAL ANALYSIS & SIGNALS​

BITCOIN PRICE TECHNICAL ANALYSIS: WEEKLY CHART​

Bitcoin Technical Analysis

In the weekly charts, Bitcoin is trading in a downward channel.

Bitcoin is near its crucial support of 20-days SMA. If it breaks this support, it will possibly test the 50-days SMA level.

Bitcoin will follow a downtrend in the coming weeks.

Bitcoin’s crucial resistance level is at 51,994.80 which is near 20 days SMA as of now. There are no signs of a bullish trend.

Bears have their tight grip on Bitcoin.

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TECHNICAL ANALYSIS WITH CANDLESTICK CHARTS – 11 MARCH 2022​

Asia Pacific stocks were down on Friday morning. The Shanghai composite is up 0.33% at 3,307.35. Overall, the Singapore MSCI up 0.11% at 309.10. Over in Hong Kong, the Hang Seng Index down 1.30% at 20,513.00. In Japan, the Nikkei 225 down 2.53% at 25,090.00, while the Topix index is down 2.67% at 1786.00. South Korea’s Kospi down 0.71% to 2661.28. Australia S&P/ASX 200 down 0.94% at 7063.60.

European equities Thursday closing. The DAX futures contract in Germany traded down 2.93% at 13442.10, CAC 40 futures down 2.83% at 6207.21 and the UK 100 futures contract in the U.K. down 1.27% at 7,099.08.

In U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.34% at 33174.08. The S&P 500 down 0.43% at 4259.51 and the Nasdaq 100 down 1.10% at 13591.00, NYSE closes down 0.30% at 15929.56.

In the Forex market, GBPUSD up 0.12% at 1.3099. The USDJPY up 0.53% at 116.752. The USDCHF up 0.15% at 0.9307. EURUSD up 0.21% at 1.0054, EUR/GBP up 0.12% at 0.8401. The USD/CNY flat at 6.3204 at the time of writing.

In the commodity market U.S. Gold futures down 0.71% at $1,982.53. Elsewhere, Silver futures down 0.63% at $25.721 per ounce, Platinum down 0.42% at $1066.00 per ounce, and Palladium up 0.77% at $2960.50.

Crude Oil up on Friday; Brent crude oil up 1.48% at $110.76 per barrel while U.S. West Texas Intermediate (CLc1) up 1.40% at $104.70.

In the Cryptocurrency Markets, Bitcoin at 39086.57 down 0.91%, Ethereum down 0.57% at 2594.76, Litecoin at 103.04 up 0.37%, at the time of writing.

TECHNICAL SUMMARY

GBPUSD

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TECHNICAL ANALYSIS WITH CANDLESTICK CHARTS – 14 MARCH 2022​

Asia Pacific stocks were mostly down on Monday morning. The Shanghai composite is down 2.25% at 3,235.98. Overall, the Singapore MSCI down 2.09% at 303.95. Over in Hong Kong, the Hang Seng Index down 3.99% at 19,678.00. In Japan, the Nikkei 225 down 0.16% at 25,050.00, while the Topix index is up 0.14% at 1788.50. South Korea’s Kospi down 0.59% to 2645.65. Australia S&P/ASX 200 up 1.21% at 7149.40.

European equities Friday closing. The DAX futures contract in Germany traded up 1.38% at 13628.11, CAC 40 futures up 0.85% at 6260.26 and the UK 100 futures contract in the U.K. up 0.80% at 7,155.63.

In U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.69% at 32944.20. The S&P 500 down 1.30% at 4204.32 and the Nasdaq 100 down 2.13% at 13301.83, NYSE closes down 1.10% at 15753.70.

In the Forex market, GBPUSD down 0.10% at 1.3024. The USDJPY up 0.44% at 117.788. The USDCHF up 0.07% at 0.9353. EURUSD up 0.08% at 1.0920, EUR/GBP up 0.29% at 0.8386. The USD/CNY up 0.25% at 6.3562 at the time of writing.

In the commodity market U.S. Gold futures down 0.62% at $1,975.77. Elsewhere, Silver futures down 0.78% at $25.649 per ounce, Platinum down 2.28% at $1052.00 per ounce, and Palladium down 4.56% at $2689.00.

Crude Oil down on Monday; Brent crude oil down 2.15% at $109.92 per barrel while U.S. West Texas Intermediate (CLc1) down 2.51% at $103.77.

In the Cryptocurrency Markets, Bitcoin at 38695.75 up 2.40%, Ethereum up 2.50% at 2579.81, Litecoin at 103.30 up 1.52%, at the time of writing.

TECHNICAL SUMMARY​
GBPUSD

Technical Analysis

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TECHNICAL ANALYSIS WITH CANDLESTICK CHARTS – 15 MARCH 2022​

Asia Pacific stocks were mostly down on Tuesday morning. The Shanghai composite is down 3.99% at 3,094.93. Overall, the Singapore MSCI up 0.07% at 304.60. Over in Hong Kong, the Hang Seng Index down 5.29% at 18,544.00. In Japan, the Nikkei 225 up 0.32% at 25,130.00, while the Topix index is up 1.03% at 1807.00. South Korea’s Kospi down 0.91% to 2621.53. Australia S&P/ASX 200 down 0.73% at 7097.40.

European equities Monday closing. The DAX futures contract in Germany traded up 2.21% at 13929.11, CAC 40 futures up 1.75% at 6369.95 and the UK 100 futures contract in the U.K. up 0.53% at 7,193.48.

In U.S. on Wall Street, the Dow Jones Industrial Average closed flat at 32945.25. The S&P 500 down 0.74% at 4173.12 and the Nasdaq 100 down 1.92% at 13046.64, NYSE closes down 0.38% at 15694.35.

In the Forex market, GBPUSD up 0.21% at 1.3028. The USDJPY up 0.13% at 118.341. The USDCHF up 0.22% at 0.9407. EURUSD up 0.29% at 1.0971, EUR/GBP up 0.08% at 0.8420. The USD/CNY up 0.33% at 6.3815 at the time of writing.

In the commodity market U.S. Gold futures down 1.09% at $1,929.08. Elsewhere, Silver futures down 1.20% at $24.729 per ounce, Platinum down 1.11% at $1020.50 per ounce, and Palladium up 1.18% at $2405.50.

Crude Oil down on Tuesday; Brent crude oil down 5.13% at $100.48 per barrel while U.S. West Texas Intermediate (CLc1) down 4.63% at $95.59.

In the Cryptocurrency Markets, Bitcoin at 38788.15 down 2.21%, Ethereum down 1.79% at 2544.51, Litecoin at 104.88 down 0.74%, at the time of writing.

TECHNICAL SUMMARY​
GBPUSD

Technical Analysis

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ROYAL DUTCH SHELL WEEKLY TECHNICAL ANALYSIS – 16 MARCH 2022​

ROYAL DUTCH SHELL Technical Analysis: Weekly Chart

image-224.png

In the weekly charts, ROYAL DUTCH SHELL is trading in an up channel.

It is trading above all SMA.

The immediate support is 21.27 & the resistance level is at 23.35.

ROYAL DUTCH SHELL is trading in the up channel until there is a trend reversal.

ROYAL DUTCH SHELL Technical Analysis: Daily Chart

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TECHNICAL ANALYSIS WITH CANDLESTICK CHARTS – 21 MARCH 2022​

Asia Pacific stocks were mostly down on Monday morning. The Shanghai Composite is down 0.14% at 3,246.61. Overall, the Singapore MSCI is up 1.82% at 330.00. Over in Hong Kong, the Hang Seng Index down 1.15% at 21,177.00. In Japan, the Nikkei 225 is up 1.38% at 27,100.00, while the Topix index is up 1.08% at 1918.50. South Korea’s Kospi down 0.77% to 2686.05. Australia S&P/ASX 200 down 0.22% at 7278.50.

MARKET SUMMARY AS PER 18/03/2022:​

European equities Friday closing. The DAX futures contract in Germany traded up 0.17% at 14,413.09, CAC 40 futures up 0.12% at 6620.24 and the UK 100 futures contract in the U.K. up 0.26% at 7,404.74.
In the U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.80% at 34754.94. The S&P 500 up 1.17% at 4463.11 and the Nasdaq 100 up 2.14% at 14420.08, NYSE closes up 0.78% at 16612.64.

TECHNICAL SUMMARY​

GBP/USD​

Technical Analysis

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ETHEREUM TECHNICAL ANALYSIS & TRADING SUGGESTIONS​

ETHEREUM PRICE TECHNICAL ANALYSIS: WEEKLY CHART​

Ethereum Technical Analysis

In the weekly charts, Ethereum is trading in a downward channel.
Ethereum is near its crucial support of 20-days SMA. If it breaks this support, it will possibly test the 50-days SMA level.
Ethereum will follow a downtrend in the coming weeks.
Ethereum ‘s crucial resistance level is at 3,009.91 which is near 20 days SMA as of now. There are no signs of a bullish trend.
Bears have their tight grip on Ethereum.

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TECHNICAL ANALYSIS WITH CANDLESTICK CHARTS – 24 MARCH 2022

Asia Pacific stocks were down on Thursday morning. The Shanghai Composite is down 0.59% at 3,251.67. Overall, the Singapore MSCI is up 1.19% at 336.50. Over in Hong Kong, the Hang Seng Index down 0.06% at 22,087.00. In Japan, the Nikkei 225 is down 0.04% at 27,850.00, while the Topix index is down 0.20% at 1960.50. South Korea’s Kospi down 0.22% to 2729.14. Australia S&P/ASX 200 up 0.12% at 7387.10.

MARKET SUMMARY AS PER 23/03/2022:​

European equities Wednesday closing. The DAX futures contract in Germany traded down 1.31% at 14,283.65, CAC 40 futures down 1.17% at 6581.44 and the UK 100 futures contract in the U.K. down 0.22% at 7,460.64.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed down 1.29% at 34358.51. The S&P 500 down 1.23% at 4456.23 and the Nasdaq 100 down 1.41% at 14447.55, NYSE closes down 1.06% at 16558.52.

TECHNICAL SUMMARY​


Technical Analysis
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NATURAL GAS PRICE TECHNICAL ANALYSIS: WEEKLY CHART​

Natural Gas Technical Analysis

In the weekly charts, Natural Gas is trading in an upward channel.

Natural Gas is near its crucial support of 20-days SMA. If it breaks this support, it will possibly test the 50-days SMA level.

Natural Gas will follow an uptrend in the coming weeks.

The Natural Gas crucial support level is at 4.334 which is near 20 days SMA as of now. There are no signs of a bearish trend.

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TECHNICAL ANALYSIS WITH CANDLESTICK CHARTS – 31 MARCH 2022​

Asia Pacific stocks were mostly down on Thursday morning. The Shanghai Composite is down 0.36% at 3,254.46. Overall, the Singapore MSCI is down 1.38% at 335.55. Over in Hong Kong, the Hang Seng Index down 0.82% at 21,992.00. In Japan, the Nikkei 225 is down 0.43% at 27,880.00, while the Topix index is down 0.91% at 1950.00. South Korea’s Kospi up 0.25% to 2753.63. Australia S&P/ASX 200 down 0.20% at 7499.60.

MARKET SUMMARY AS PER 30/03/2022:​

European equities Wednesday closing. The DAX futures contract in Germany traded down 1.45% at 14,606.05, CAC 40 futures down 0.74% at 6741.60 and the UK 100 futures contract in the U.K. up 0.55% at 7,578.75.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.19% at 35228.82. The S&P 500 down 0.63% at 4602.46 and the Nasdaq 100 down 1.10% at 15071.55, NYSE closes down 0.48% at 16932.76.

TECHNICAL SUMMARY​
GBPUSD

Technical Analysis
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TECHNICAL ANALYSIS WITH CANDLESTICK CHARTS – 01 APRIL 2022​
LABOUR REPORT : TICKING LOWER UNEMPLOYMENT, SKYROCKETING WAGES​

Asia Pacific stocks mixed on Friday morning. The Shanghai Composite is up 0.65% at 3,273.42. Overall, the Singapore MSCI is down 0.72% at 332.45. Over in Hong Kong, the Hang Seng Index down 0.92% at 21,788.00. In Japan, the Nikkei 225 is down 0.50% at 27,690.00, while the Topix index is down 0.05% at 1945.50. South Korea’s Kospi down 0.65% to 2739.24. Australia S&P/ASX 200 down 0.08% at 7493.80.

TOP NEWS OF THE DAY:​

The riding factor of the market on Friday will be the Labor Department report that will show that close to half a million U.S. jobs were added last month, with the unemployment rate ticking lower while wage growth accelerated.

MARKET SUMMARY AS PER 31/03/2022:​

European equities Thursday closing. The DAX futures contract in Germany traded down 1.31% at 14,414.75, CAC 40 futures down 1.21% at 6659.88 and the UK 100 futures contract in the U.K. down 0.83% at 7,515.68.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed down 1.56% at 34678.36. The S&P 500 down 1.57% at 4530.42 and the Nasdaq 100 down 1.55% at 14838.49, NYSE closes down 1.55% at 16670.90.

TECHNICAL SUMMARY​
GBPUSD

Technical Analysis

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WEEKLY TECHNICAL ANALYSIS WITH CANDLESTICK CHARTS – 03 APRIL 2022

WEEKLY SNAPSHOT​

ADP NONFARM EMPLOYMENT CHANGE U.S.
WHEN:​
30th March 2022

WHAT IT HAD INFLUENCED:​
USD and its subsequent pairs.

WHAT HAPPENED: The ADP National Employment Report is a measure of the monthly change in non-farm, private employment, based on the payroll data of approximately 400,000 U.S. business clients.

USD/AUD is trading in a downward channel. Further downside movement can be seen in the coming weeks.

GDP (QOQ) (Q4), U.K. WHEN:​
31st March 2022

WHAT IT HAD INFLUENCED:​
USD and its subsequent pairs.

GOLD​
TOP COMMODITIES IN THE COMING WEEK

Technical Analysis


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Commodity – Understanding Wheat Volatility & Food Security​

On 08th March 2022, Chicago wheat futures soared to a record high of $13.634 a bushel, surpassing the high formed during the 2008 food crisis. The price of wheat had risen around 65% since the invasion of Ukraine by Russia on intensifying concern of supply disruptions. It has since then dropped about 24% as other circumstances arose.

Wheat Price Chart
This fluctuation in wheat prices gives tremendous opportunities to traders and investors. Before making the most of this opportunity, we must first understand the basic but essential fundamental factors that influence wheat prices, enabling us to make informed trading and investing decisions.

Brief Historical Background:​
For generations, wheat has been one of the most critical food crops cultivated worldwide. There is evidence of wheat production beginning around 10,000 BCE and the Egyptians producing and baking bread over 5,000 years ago.

Wheat today is the second most-consumed grain globally, trailing behind rice. In the farming community, wheat is very favored for its ability to grow in many different climates. Additionally, the crop stays fresh for a long time and has high nutritional value. These facts ensure that wheat will remain an important food staple and a valuable commodity in the foreseeable future.

What are the Major Wheat Varieties?​
Wheat has several varieties, with climate and soil conditions determining the types grown in specific locations. The wheat industry classifies the thousands of varieties available today into six main classes:

1. Hard Red Winter (HRW).

2. Hard Red Spring (HRS).

3. Soft Red Winter (SRS).

4. Durum.

5. Hard White.

6. Soft White.

Spring wheat classes (hard, soft, and durum) are planted in the spring in the spring and harvested in the summer. Winter wheat is sown in the autumn; it lies dormant throughout the winter and grows in the spring, cultivating in the summer months.

Typically, the hard wheat classes (spring and winter) have higher proteins needed to produce the various bread products. Soft wheat, however, contains lower quantities of protein than hard wheat, and it is conducive to producing tender products. The white wheat classes are very desired as they lack a particular red gene in the bran that imparts a darker color and a slightly bitter flavor to the whole grain.

Leading Wheat Producers:
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OIL PRICES GO FROM BOOM TO BUST – WHAT’S NEXT?​

Prices of crude oil recently rallied to a high of 14 years. The Brent crude oil price attained a high of $127.98 a barrel on 08th March 2022, while the WTI crude oil peaked at $130.50 a barrel on 07th March 2022. Both the benchmark indices are nearing their all-time high, formed during the 2008 global financial crisis. Ever since the Russian invasion of Ukraine began, crude oil prices have been witnessing heavy fluctuations; it recently has crashed more than 20% after soaring to 14-years high.

CRUDE OIL PRICES

To understand and trade (or invest) on crude oil prices – its rise and fall. We need to understand the historical backdrop of the industry, price movement, and volatility. Furthermore, understanding the fundamental factors influencing the prices of crude oil will aid us in making informed decisions, including any volatile situations that we may face subsequently, like the one we face currently.

Historical Background of Crude Oil

Notable events that impacted crude oil prices (1970 – present):​

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TECHNICAL ANALYSIS WITH CANDLESTICK CHARTS – 08 APRIL 2022​

WHOLESALE INVENTORIES DATA: TO RIDE THE MARKET​

Asia Pacific stocks were mostly down on Friday morning. The Shanghai Composite is down 0.02% at 3,236.19. Overall, the Singapore MSCI is down 1.07% at 326.80. Over in Hong Kong, the Hang Seng Index down 0.65% at 21,655.00. In Japan, the Nikkei 225 is up 0.11% at 26,930.00, while the Topix index is up 0.03% at 1891.50. South Korea’s Kospi up 0.13% to 2699.25. Australia S&P/ASX 200 up 0.44% at 7475.20.

Top News of the Day:

Wholesale Inventories Data: U.S. month-over-month wholesale inventories data will be released Friday at 10:00 AM ET. Analysts predict wholesale inventories, which gauge the change in the total value of goods held in inventory by wholesalers across the United States, will come in at 2.1%, above the previously reported 0.8%.

Market Summary as per 07/04/2022:

European equities Thursday closing. The DAX futures contract in Germany traded down 0.52% at 14,078.15, CAC 40 futures down 0.57% at 6461.69 and the UK 100 futures contract in the U.K. down 0.47% at 7,551.82.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.25% at 34583.58. The S&P 500 up 0.42% at 4500.20 and the Nasdaq 100 up 0.23% at 14531.81, NYSE closes up 0.27% at 16631.44.

Top Market News Today:

In the Forex market, GBPUSD down 0.03% at 1.3069. The USDJPY up 0.08% at 123.993. The USDCHF up 0.18% at 0.9347. EURUSD down 0.14% at 1.0862, EUR/GBP down 0.06% at 0.8310. The USD/CNY down 0.03% at 6.3586 at the time of writing.

In the Commodity market U.S. Gold futures down 0.06% at $1,930.05. Elsewhere, Silver futures up 0.14% at $24.614 per ounce, Platinum flat at $963.00 per ounce, and Palladium up 1.36% at $2268.50.

Crude Oil down on Friday; Brent crude oil down 0.88% at $100.49 per barrel while U.S. West Texas Intermediate (CLc1) down 0.80% at $95.58.

In the Cryptocurrency Markets, Bitcoin at 43605.00 up 0.52%, Ethereum up 1.17% at 3267.94, Litecoin at 114.47 up 0.30%, at the time of writing.

TECHNICAL SUMMARY​

GBPUSD



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NASDAQ 100 TECHNICAL ANALYSIS & TRADING TIPS​

NASDAQ 100 TECHNICAL ANALYSIS: WEEKLY CHART​
indices trade idea
In the weekly charts, NASDAQ 100 is trading above its downward channel.

It is trading below all SMAs: MA (5), MA (20), and MA (50).

The immediate support is 13730 and the resistance level is at 14860.

NASDAQ 100 is trading outside and above its previous downward channel.

NASDAQ 100 TECHNICAL ANALYSIS: DAILY CHART​

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AUDUSD FOREX REPORT: TRADE SUGGESTION, PRICE AND TECHNICAL CHART​

AUDUSD TECHNICAL ANALYSIS: WEEKLY CHART​

In the weekly charts, AUDUSD is trading in an upward channel.

It is trading below MA (5) but above MA (20) and MA (50).

The immediate support is at 0.73230 and the resistance level is at 0.75982.

AUDUSD is trading in an upward channel until there is a trend reversal.

AUDUSD TECHNICAL ANALYSIS: DAILY CHART​

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TECHNICAL ANALYSIS WITH CANDLESTICK CHARTS – 21 APRIL 2022​

FED CHAIR POWELL – TWO PUBLIC APPEARANCES​

Asia Pacific stocks were mixed on Thursday morning. The Shanghai Composite is down 1.36% at 3,108.07. Overall, the Singapore MSCI is down 0.77% at 317.55. Over in Hong Kong, the Hang Seng Index is down 1.60% at 20,597. In Japan, the Nikkei 225 is up 1.36% at 27,550.00, while the Topix index is up 0.76% at 1928.50. South Korea’s Kospi is up 0.48% at 2731.83. Australia S&P/ASX 200 up 0.44% at 7602.60.

TOP NEWS OF THE DAY:​

There will be two speaking appearances by Fed Chair Powell on Thursday. The first will be at 11:00 AM ET in opening remarks for the Volcker Alliance and Penn Institute for Urban Research, with the second at 1:00 PM ET at the IMF-World Bank meeting, where he will take part in a panel discussion with European Central Bank President Christine Lagarde and other policymakers.

MARKET SUMMARY AS PER 20/04/2022:​

European equities Wednesday closing. The DAX futures contract in Germany traded up 1.47% at 14,362.03, CAC 40 futures up 1.38% at 6624.92 and the UK 100 futures contract in the U.K. up 0.37% at 7,629.23.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.71% at 35160.80. The S&P 500 down 0.06% at 4459.46 and the Nasdaq 100 down 1.49% at 13998.53, NYSE closes up 0.61% at 16761.34.

TECHNICAL SUMMARY​

GBPUSD

Technical Analysis

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STOCK MARKET: FORD MOTOR CO. PRICE CHART, ANALYSIS, AND TRADING SIGNALS​

FORD MOTOR CO. TECHNICAL ANALYSIS: WEEKLY CHART​

image-302.png
In the weekly charts, FORD MOTOR CO. is trading in a down channel.

It is trading below 20 and 50 days SMA & above 100 days SMA.

The immediate support is 14.73 & the resistance level is at 17.01.

FORD MOTOR CO. is trading in the down channel until there is trend reversal.


FORD MOTOR CO. TECHNICAL ANALYSIS: DAILY CHART​

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TECHNICAL ANALYSIS WITH CANDLESTICK CHARTS – 22 APRIL 2022​

FED CHAIR POWELL – 50 BASIS POINT HIKE FOR MAY​

Asia Pacific stocks were down on Friday morning. The Shanghai Composite is up 0.52% at 3,095.85. Overall, the Singapore MSCI is down 1.29% at 313.20. Over in Hong Kong, the Hang Seng Index is down 0.17% at 20,623. In Japan, the Nikkei 225 is down 1.56% at 27,090.00, while the Topix index is down 1.27% at 1903.00. South Korea’s Kospi is down 0.86% at 2704.71. Australia S&P/ASX 200 down 1.57% at 7473.30.

TOP NEWS OF THE DAY:​

Federal Reserve Chairman Jerome Powell said Thursday that a 50 basis-point rate hike was on the table for the May meeting as the central bank aims to step up the pace of monetary policy tightening to curb elevated inflation.

The Fed chairman also backed the idea of the central bank hiking aggressively at the start of the tightening cycle, or front loading more than one 50 basis-point hike at future meetings.

MARKET SUMMARY AS PER 21/04/2022:​

European equities Thursday closing. The DAX futures contract in Germany traded up 0.98% at 14,502.41, CAC 40 futures up 1.36% at 6715.11 and the UK 100 futures contract in the U.K. down 0.02% at 7,627.94.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed down 1.05% at 34792.77. The S&P 500 down 1.48% at 4393.67 and the Nasdaq 100 down 1.99% at 13720.45, NYSE closes down 1.56% at 16499.33.
TECHNICAL SUMMARY​
GBPUSD

Technical Analysis

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TECHNICAL ANALYSIS WITH CANDLESTICK CHARTS – 25 APRIL 2022​

THE WEEK FULL OF RESULTS AHEAD​

Asia Pacific stocks were down on Monday morning. The Shanghai Composite is down 4.32% at 2,953.51. Overall, the Singapore MSCI is down 1.21% at 310.50. Over in Hong Kong, the Hang Seng Index is down 3.41% at 19,903. In Japan, the Nikkei 225 is down 1.99% at 26,560.00, while the Topix index is down 1.47% at 1875.00. South Korea’s Kospi is down 1.76% at 2657.14. Australia S&P/ASX 200 down 1.57% at 7473.30.

TOP NEWS OF THE DAY:​

Almost 180 companies listed in the S&P 500, worth approximately half of the benchmark index’s market value, are due to report results in the coming week, including the four largest U.S. companies by market capitalization: Apple (NASDAQ:AAPL), Microsoft (NASDAQ:MSFT), Amazon (NASDAQ:AMZN) and Google parent Alphabet (NASDAQ:GOOGL).

MARKET SUMMARY AS PER 22/04/2022:​

European equities Friday closing. The DAX futures contract in Germany traded up 2.48% at 14,142.09, CAC 40 futures down 1.99% at 6581.43 and the UK 100 futures contract in the U.K. down 1.39% at 7,521.68.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed down 2.82% at 33811.41. The S&P 500 down 2.77% at 4271.79 and the Nasdaq 100 down 2.65% at 13356.87, NYSE closes down 2.68% at 16056.88.

TECHNICAL SUMMARY​

GBPUSD

Technical Analysis of Financial Markets

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ETHEREUM (ETH) TECHNICAL ANALYSIS & HOW TO TRADE ETHEREUM​


ETHEREUM TECHNICAL ANALYSIS: WEEKLY CHART​

How to Trade Ethereum
In the weekly charts, ETHEREUM is trading in an upward channel.

It is trading below all SMAs: MA (5), MA (20), and MA (50).

The immediate support is at 2752 and the resistance level is at 3320.

ETHEREUM is trading in an upward channel until there is a trend reversal.

ETHEREUM TECHNICAL ANALYSIS: DAILY CHART​

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FOREX PAIR: USDCAD PRICE CHART, ANALYSIS AND TRADING TIPS​

USDCAD TECHNICAL ANALYSIS: WEEKLY CHART​

USDCAD Price Chart

In the weekly charts, USDCAD is trading within an ascending triangle.

It is trading above all SMAs: MA (5), MA (20), and MA (50).

The immediate support is at 1.25246 and the resistance level is at 1.29462

USDCAD is trading within an ascending triangle until there is a breakout.

USDCAD TECHNICAL ANALYSIS: DAILY CHART​

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TECHNICAL ANALYSIS REPORT, ECONOMIC NEWS & PRICE CHART – 28 APRIL 2022​

EURO DROPPED TO 2017 LEVEL​

Asia Pacific stocks were mostly up on Thursday morning. The Shanghai Composite is up 0.25% at 2,965.63. Overall, the Singapore MSCI is up 0.06% at 307.90. Over in Hong Kong, the Hang Seng Index is up 0.13% at 19,957. In Japan, the Nikkei 225 is up 0.30% at 26,470.00, while the Topix index is up 0.67% at 1873.50. South Korea’s Kospi is up 0.31% at 2647.35. Australia S&P/ASX 200 up 1.02% at 7335.40.

TOP NEWS OF THE DAY:​

Key U.S. equity indexes ended higher after choppy trade on Wednesday on a boost from strong earnings from Microsoft and Visa, as commodity stocks lifted European shares to their first gain in four sessions.

The euro dropped to its weakest since 2017 after Russia halted gas supplies to Bulgaria and Poland, and investors fretted more about the region’s economy.

MARKET SUMMARY AS PER 27/04/2022:​

European equities Wednesday closing. The DAX futures contract in Germany traded up 0.27% at 13,793.94, CAC 40 futures up 0.48% at 6445.27 and the UK 100 futures contract in the U.K. up 0.53% at 7,425.62.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.19% at 33301.94. The S&P 500 up 0.21% at 4183.97 and the Nasdaq 100 down 0.05% at 13003.36, NYSE closes up 0.30% at 15741.81.

TECHNICAL SUMMARY​

GBPUSD TECHNICAL ANALYSIS​
Technical Analysis

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TECHNICAL ANALYSIS REPORT, ECONOMIC NEWS & PRICE CHART – 05 MAY 2022​

AFTER THE FED’S INTEREST RATE RISE, WALL STREET CLOSED WITH STRONG GAINS​

Asia Pacific stocks were mostly up on Thursday morning. The Shanghai Composite is up 2.41% at 3,047.06. Overall, the Singapore MSCI is up 1.64% at 315.90. Over in Hong Kong, the Hang Seng Index is up 1.04% at 20,934. In Japan, the Nikkei 225 is up 0.26% at 26,880.00, while the Topix index is up 0.18% at 1899.50. South Korea’s Kospi is down 0.11% at 2677.57. Australia S&P/ASX 200 up 0.44% at 7336.80.

Top News of the Day:

U.S. stocks ended sharply higher on Wednesday after the Federal Reserve delivered a widely expected interest-rate hike, and the S&P 500 recorded its biggest one-day percentage gain in nearly two years.

Stocks initially see-sawed after the announcement, then the indexes strengthened. The S&P 500’s advance of almost 3% was the strongest since May 18, 2020.

Market Summary as per 04/05/2022:

European equities Wednesday closing. The DAX futures contract in Germany traded down 0.49% at 13,970.82, CAC 40 futures down 1.24% at 6395.68 and the UK 100 futures contract in the U.K. down 0.90% at 7,493.45.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed up 2.81% at 34061.07. The S&P 500 up 2.99% at 4300.16 and the Nasdaq 100 up 3.41% at 13535.71, NYSE closes up 2.48% at 16119.60.

TECHNICAL SUMMARY

GBPUSD

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FOREX PAIR: NZDUSD PRICE CHART, ANALYSIS AND TRADING TIPS​

NZDUSD TECHNICAL ANALYSIS: WEEKLY CHART​
image-71.png
In the daily charts, NZDUSD is trading in a down channel. NZDUSD is currently trading below all SMA.

RSI is in the selling zone which indicates bearishness. MACD is currently below zero which indicates bearishness.

Its immediate support is 0.6373 & the resistance level is at 0.6593.

NZDUSD will trade in the down channel until there is trend reversal.

NZDUSD TECHNICAL ANALYSIS: DAILY CHART​

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US 30 YR. T-BOND PRICE TECHNICAL ANALYSIS, CHART AND LATEST NEWS​

US 30 YR. T-BOND PRICE TECHNICAL ANALYSIS: WEEKLY CHART​

US 30 YR. T-BOND Technical Analysis

In the weekly charts, US 30 YR. T-BOND was trading in a down channel. US 30 YR. T-BOND is currently trading below all SMA.

RSI is in over sold zone which indicates mild bullishness. MACD is currently below zero which indicates bearishness.

Its immediate support is 134.95 & the resistance level is at 140.57.

US 30 YR. T-BOND was trading in the down channel before there is breakout downside.

US 30 YR. T-BOND PRICE TECHNICAL ANALYSIS: DAILY CHART​

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TECHNICAL ANALYSIS REPORT, ECONOMIC NEWS & PRICE CHART – 13 MAY 2022

POWELL SAYS FED WILL FIX INFLATION​
Asia Pacific stocks were up on Friday morning. The Shanghai Composite is up 0.91% at 3,082.79. Overall, the Singapore MSCI is up 2.17% at 289.05. Over in Hong Kong, the Hang Seng Index is up 2.78% at 19,765. In Japan, the Nikkei 225 is up 2.41% at 26,390.00, while the Topix index is up 1.75% at 1862.00. South Korea’s Kospi is up 2.12% at 2604.24. Australia S&P/ASX 200 up 1.93% at 7075.10.

TOP NEWS OF THE DAY:​
Calling stable prices, the “bedrock” of the economy, Federal Reserve Chair Jerome Powell said on Thursday the U.S. central bank’s battle to control inflation would “include some pain” as the impact of higher interest rates is felt, but that the worse outcome would be for prices to continue speeding ahead.

After using aggressive monetary policy to support the economy through the COVID-19 pandemic, the Fed approved a quarter-percentage-point rate increase in March, but some analysts believe policymakers have fallen too far behind to curb price increases without the sort of sharp rate hikes that might cause a recession.

MARKET SUMMARY AS PER 12/05/2022:​
European equities Thursday closing. The DAX futures contract in Germany traded down 0.64% at 13,739.64, CAC 40 futures up 0.77% at 6253.98 and the UK 100 futures contract in the U.K. up 0.81% at 7,291.69.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.33% at 31730.31. The S&P 500 down 0.13% at 3930.09 and the Nasdaq 100 down 0.18% at 11945.50, NYSE closes up 0.19% at 14931.09.
TECHNICAL SUMMARY​
GBPUSD

Technical Analysis of Financial Markets
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STOCK MARKET: INTEL CORP. PRICE CHART, ANALYSIS AND TRADING SIGNALS

INTEL CORP. TECHNICAL ANALYSIS: WEEKLY CHART​

INTEL CORP technical analysis
In the weekly charts, INTEL CORP. is trading in a down channel. INTEL CORP. is currently trading below all SMA.

RSI is in selling zone which indicates bearishness. MACD is currently below zero which indicates bearishness.

Its immediate support is 41.99 & the resistance level is at 44.49.

INTEL CORP. will trade in the down channel until there is trend reversal.

INTEL CORP. TECHNICAL ANALYSIS: DAILY CHART

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TECHNICAL ANALYSIS REPORT, ECONOMIC NEWS & PRICE CHART – 17 MAY 2022​

ECONOMIC ANXIETIES INCREASE, YIELDS FALL & EQUITIES SUFFER​

Asia-Pacific stocks were mostly up on Tuesday morning. The Shanghai Composite is up 0.47% at 3,088.00. Overall, the Singapore MSCI is down 0.44% at 292.45. Over in Hong Kong, the Hang Seng Index is up 2.64% at 20,446. In Japan, the Nikkei 225 is up 0.57% at 26,630.00, while the Topix index is up 0.22% at 1863.00. South Korea’s Kospi is up 0.92% at 2620.44. Australia S&P/ASX 200 up 0.27% at 7112.50.

Top News of the Day:

U.S. stocks closed mixed on Monday as downbeat Chinese and New York state data kindled recession fears, but the 10-year Treasury note’s yield staying firmly under 3% spurred hopes the Federal Reserve will prudently hike interest rate hikes.

Chinese retail and factory activity fell sharply in April as COVID-19 lockdowns severely disrupted supply chains while New York’s factory output slumped in May for the third time this year amid a collapse in new orders and shipments.

Market Summary as per 16/05/2022:

European equities Monday closing. The DAX futures contract in Germany traded down 0.45% at 13,964.38, CAC 40 futures down 0.23% at 6347.78 and the UK 100 futures contract in the U.K. up 0.30% at 7,486.10.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.08% at 32223.43. The S&P 500 down 0.39% at 4008.02 and the Nasdaq 100 down 1.16% at 12243.58, NYSE closes up 0.02% at 15259.81.

TECHNICAL SUMMARY​
GBPUSD

Technical Analysis

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TECHNICAL ANALYSIS REPORT, ECONOMIC NEWS & PRICE CHART – 18 MAY 2022​

WALL STREET HAS BEEN LIFTED BY STRONG RETAIL SALES IN APRIL​
Asia Pacific stocks were mostly up on Wednesday morning. The Shanghai Composite is up 0.05% at 3,095.77. Overall, the Singapore MSCI is up 2.53% at 300.15. Over in Hong Kong, the Hang Seng Index is down 0.20% at 20,536. In Japan, the Nikkei 225 is up 0.86% at 26,860.00, while the Topix index is up 0.99% at 1881.50. South Korea’s Kospi is up 0.21% at 2625.98. Australia S&P/ASX 200 up 0.99% at 7182.70.

Top News of the Day:

Wall Street finished sharply higher on Tuesday, lifted by Apple, Tesla (NASDAQ:TSLA) and other mega cap growth stocks after strong retail sales in April eased worries about slowing economic growth.

Ten of the 11 major S&P sector indexes advanced, with financials, materials, consumer discretionary and technology all gaining more than 2%. Investors were cheered by data showing U.S. retail sales increased 0.9% in April as consumers bought motor vehicles amid an improvement in supply and frequented restaurants.

Market Summary as per 17/05/2022:

European equities Tuesday closing. The DAX futures contract in Germany traded up 1.59% at 14,185.94, CAC 40 futures up 1.30% at 6430.20 and the UK 100 futures contract in the U.K. up 0.72% at 7,518.36.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed up 1.34% at 32654.60. The S&P 500 up 2.02% at 4088.84 and the Nasdaq 100 up 2.62% at 12564.10, NYSE closes up 1.85% at 15541.91.

TECHNICAL SUMMARY​
GBPUSD

Technical Analysis of Financial Markets

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TECHNICAL ANALYSIS REPORT, ECONOMIC NEWS & PRICE CHART – 19 MAY 2022

THE DOW JONES HAS DROPPED TO ITS LOWEST LEVEL SINCE 2020

Asia-Pacific stocks were down on Thursday morning. The Shanghai Composite is up 0.22% at 3,092.37. Overall, the Singapore MSCI is down 1.81% at 293.40. Over in Hong Kong, the Hang Seng Index is down 2.17% at 20,048. In Japan, the Nikkei 225 is down 1.82% at 26,370.00, while the Topix index is down 1.25% at 1858.00. South Korea’s Kospi is down 1.28% at 2592.34. Australia S&P/ASX 200 down 1.65% at 7064.50.
Top News of the Day:

The Dow slumped Wednesday, as a selloff in tech and a plunge in Target’s following weaker-than-expected quarterly results triggered a selloff in retailers that pushed stocks to their biggest one-day loss since 2020.
The Dow Jones Industrial Average slipped 3.6%, or 1,162 points, its biggest one-day loss since 2020. The S&P 500 fell 3.9%, and Nasdaq fell 4.7%, down more than 26% on the year.
Market Summary as per 18/05/2022:

European equities Wednesday closing. The DAX futures contract in Germany traded down 1.26% at 14,007.76, CAC 40 futures down 1.23% at 6275.11 and the UK 100 futures contract in the U.K. down 0.81% at 7,377.26.
In the U.S. on Wall Street, the Dow Jones Industrial Average closed down 3.57% at 31490.08. The S&P 500 down 4.04% at 3923.67 and the Nasdaq 100 down 5.06% at 11928.31, NYSE closes down 3.20% at 15044.52.

TECHNICAL SUMMARY​
GBPUSD

Technical Analysis of Financial Markets
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TECHNICAL ANALYSIS REPORT, ECONOMIC NEWS & PRICE CHART – 23 MAY 2022


AFTER AN 8-WEEK DECLINE, DOW FUTURES ARE UP

Asia-Pacific stocks were mostly down on Monday morning. The Shanghai Composite is down 0.09% at 3,143.60. Overall, the Singapore MSCI is down 0.25% at 299.75. Over in Hong Kong, the Hang Seng Index is down 0.97% at 20,413. In Japan, the Nikkei 225 is up 0.93% at 27,020.00, while the Topix index is up 0.82% at 1896.00. South Korea’s Kospi is up 0.31% at 2647.38. Australia S&P/ASX 200 up 0.05% at 7148.90.

Top News of the Day:

U.S. stock futures moved higher in Sunday’s evening deals after major benchmark indices finished the week lower amid a broad market sell-off as stubbornly high inflation and tightening central bank policies soured risk appetite.
Investors are looking toward major retail companies as corporate earnings continue this week. Reporting companies include Costco Wholesale Corp (NASDAQ:COST), Macy’s Inc (NYSE:M), Nordstrom Inc (NYSE:JWN), Best Buy Co Inc (NYSE:BBY), Zoom Video Communications Inc (NASDAQ:ZM) and NVIDIA Corporation (NASDAQ:NVDA).

Market Summary as per 20/05/2022:

European equities Friday closing. The DAX futures contract in Germany traded up 0.72% at 13,981.91, CAC 40 futures up 0.20% at 6285.25 and the UK 100 futures contract in the U.K. up 1.19% at 7,389.99.
In the U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.03% at 31261.91. The S&P 500 up 0.01% at 3901.35 and the Nasdaq 100 down 0.34% at 11835.62, NYSE closes up 0.30% at 15080.97.

TECHNICAL SUMMARY

GBPUSD

Technical Analysis of Financial Markets

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ROYAL DUTCH SHELL TECHNICAL ANALYSIS: WEEKLY CHART

ROYAL DUTCH SHELL technical analysis

In the weekly charts, ROYAL DUTCH SHELL is trading in an up channel. ROYAL DUTCH SHELL is currently trading above all SMA.

RSI is in buying zone which indicates bullishness. MACD is currently above zero which indicates bullishness.

Its immediate support is 21.32 & the resistance level is at 23.35.

ROYAL DUTCH SHELL will trade in the up channel until there is trend reversal.

ROYAL DUTCH SHELL TECHNICAL ANALYSIS: DAILY CHART

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TECHNICAL ANALYSIS REPORT, ECONOMIC NEWS & PRICE CHART – 25 MAY 2022​
THE STOCK MARKET’S TWO-DAY RELIEF BOUNCE HAS FINISHED​
Asia Pacific stocks were mostly down on Wednesday morning. The Shanghai Composite is down 2.41% at 3,070.92. Overall, the Singapore MSCI is down 0.29% at 293.05. Over in Hong Kong, the Hang Seng Index is down 0.71% at 19,972. In Japan, the Nikkei 225 is down 0.56% at 26,590.00, while the Topix index is down 0.59% at 1867.50. South Korea’s Kospi is up 0.49% at 2618.75. Australia S&P/ASX 200 up 0.29% at 7149.80.

Top News of the Day:

Shares slid worldwide on Tuesday as supply chain woes and surging costs hurt corporate earnings and manufacturing output slowed, while Treasury yields dipped as the weakness in equities revived a safe-haven bid for U.S. government debt.

The stock market’s two-day relief rally ended as investors worried about slowing economies. Corporate profit margins have been squeezed, with soaring inflation forcing consumers to cut discretionary spending.

Market Summary as per 24/05/2022:

European equities Tuesday closing. The DAX futures contract in Germany traded down 1.80% at 13,919.75, CAC 40 futures down 1.66% at 6253.15 and the UK 100 futures contract in the U.K. up 0.22% at 7,534.00.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.15% at 31928.63. The S&P 500 down 0.81% at 3941.49 and the Nasdaq 100 down 2.20% at 11769.84, NYSE closes down 0.34% at 15290.38.

TECHNICAL SUMMARY​
GBPUSD


TRADE SUGGESTION- BUY AT 1.2518, TAKE PROFIT AT 1.2598 AND STOP LOSS AT 1.2469

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TECHNICAL ANALYSIS REPORT ON FOREX, STOCKS, CRYPTO AND COMMODITY – 26 MAY​

As the Fed Minutes Meet Expectations, Wall Street Rallies

Asia Pacific stocks were mostly down on Thursday morning. The Shanghai Composite is up 0.59% at 3,125.88. Overall, the Singapore MSCI is up 1.50% at 294.40. Over in Hong Kong, the Hang Seng Index is down 0.41% at 20,042. In Japan, the Nikkei 225 is down 0.11% at 26,650.00, while the Topix index is up 0.11% at 1879.50. South Korea’s Kospi is down 0.27% at 2610.09. Australia S&P/ASX 200 down 0.52% at 7118.20.

TOP NEWS OF THE DAY:​
Wall Street closed higher Wednesday, boosted after minutes from the Federal Reserve’s latest monetary policy meeting showed policymakers unanimously felt the U.S. economy was very strong as they grappled with reining in inflation without triggering a recession.

The minutes from the Federal Open Market Committee’s May meeting, which culminated in a 50-basis-point hike in the Fed funds target rate – the biggest jump in 22 years – showed most of the committee’s members judged that further such rate hikes would “likely be appropriate” at its upcoming June and July meetings.

Market Summary as per 25/05/2022:

European equities Wednesday closing. The DAX futures contract in Germany traded up 0.63% at 14,007.93, CAC 40 futures up 0.73% at 6298.65 and the UK 100 futures contract in the U.K. up 0.51% at 7,522.74.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.60% at 32120.29. The S&P 500 up 0.95% at 3978.74 and the Nasdaq 100 up 1.48% at 11943.93, NYSE closes up 0.80% at 15412.19.

TECHNICAL SUMMARY​
GBPUSD

Technical Analysis
Technical Analysis
TRADE SUGGESTION- BUY AT 1.2566, TAKE PROFIT AT 1.2598 AND STOP LOSS AT 1.2547

EURUSD

Technical Analysis
Technical Analysis

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TECHNICAL ANALYSIS REPORT ON FOREX, STOCKS, CRYPTO AND COMMODITY – 27 MAY​

Wall Street Jumps on Retailer Outlook Hikes

Asia-Pacific stocks were up on Friday morning. The Shanghai Composite is up 0.23% at 3,130.23. Overall, the Singapore MSCI is up 0.86% at 297.60. Over in Hong Kong, the Hang Seng Index is up 2.65% at 20,586. In Japan, the Nikkei 225 is up 0.75% at 26,810.00, while the Topix index is up 0.59% at 1889.00. South Korea’s Kospi is up 0.98% at 2638.05. Australia S&P/ASX 200 up 1.08% at 7182.70.

Top News of the Day:

Wall Street closed sharply higher on Thursday after optimistic retail earnings outlooks and waning concerns about overly aggressive interest rate hikes by the Federal Reserve put investors in a buying mood.

All three major U.S. stock indexes posted solid gains, with economically sensitive consumer discretionary and microchip stocks beating the broader market.

Market Summary as per 26/05/2022:

European equities Thursday closing. The DAX futures contract in Germany traded up 0.47% at 14,298.52, CAC 40 futures up 0.36% at 6433.53 and the UK 100 futures contract in the U.K. down 0.24% at 7,546.90.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed up 1.61% at 32637.20. The S&P 500 up 1.99% at 4057.85 and the Nasdaq 100 up 2.79% at 12276.79, NYSE closes up 1.63% at 15663.99.

TECHNICAL SUMMARY​
GBPUSD

Technical Analysis
Technical Analysis
TRADE SUGGESTION- BUY AT 1.2617, TAKE PROFIT AT 1.2636, AND STOP-LOSS AT 1.2596

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TECHNICAL ANALYSIS REPORT ON FOREX, STOCKS, CRYPTO AND COMMODITY – 30 MAY​

Unemployment Rate is Expected to Tick Down to 3.5%​

Asia Pacific stocks were up on Monday morning. The Shanghai Composite is up 0.47% at 3,144.93. Overall, the Singapore MSCI is up 0.40% at 299.50. Over in Hong Kong, the Hang Seng Index is up 0.69% at 20,894. In Japan, the Nikkei 225 is up 2.20% at 27,390.00, while the Topix index is up 1.88% at 1924.50. South Korea’s Kospi is up 1.19% at 2669.50. Australia S&P/ASX 200 up 1.34% at 7279.00.

Top News of the Day:​

Friday’s nonfarm payrolls data for May is expected to show that the labour market remains robust, with economists expecting the economy to have added 320,000 jobs in May, slowing from 428,000 in April. While still firm it would represent the smallest jobs growth in around a year.

Wage growth is expected to remain solid amid a shortage of workers and the unemployment rate is expected to tick down to 3.5%.

Market Summary as per 27/05/2022:​

European equities Friday closing. The DAX futures contract in Germany traded up 1.62% at 14,462.19, CAC 40 futures up 1.64% at 6515.76 and the UK 100 futures contract in the U.K. up 0.27% at 7,585.47.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed up 1.76% at 33212.97. The S&P 500 up 2.47% at 4158.23 and the Nasdaq 100 up 3.30% at 12681.42, NYSE closes up 1.78% at 15942.62.

TECHNICAL SUMMARY​
GBPUSD

Technical Analysis
Technical Analysis
TRADE SUGGESTION- BUY AT 1.2637, TAKE PROFIT AT 1.2651 AND STOP LOSS AT 1.2625

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TECHNICAL ANALYSIS REPORT ON FOREX, STOCKS, CRYPTO, AND COMMODITY – 31 MAY​

Fed’s Waller Backs 50 bps Rate Hikes

Asia-Pacific stocks were mostly up on Tuesday morning. The Shanghai Composite is up 1.19% at 3,186.42. Overall, the Singapore MSCI is up 0.98% at 302.55. Over in Hong Kong, the Hang Seng Index is up 0.87% at 21,174. In Japan, the Nikkei 225 is down 0.51% at 27,260.00, while the Topix index is down 0.75% at 1909.00. South Korea’s Kospi is up 0.61% at 2685.90. Australia S&P/ASX 200 down 1.03% at 7211.20.

Top News of the Day:

The U.S. Federal Reserve should be prepared to raise interest rates by a half percentage point at every meeting from now on until inflation is decisively curbed, Fed Governor Christopher Waller said on Monday, underscoring tensions at the central bank about how aggressively to tighten policy as it battles to bring down high inflation.

Market Summary as per 30/05/2022:

European equities Monday closing. The DAX futures contract in Germany traded down 0.50% at 14,502.77, CAC 40 futures down 0.58% at 6524.61 and the UK 100 futures contract in the U.K. up 0.14% at 7,610.91.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed up 1.76% at 33212.97. The S&P 500 up 2.47% at 4158.23 and the Nasdaq 100 up 3.30% at 12681.42, NYSE closes up 1.78% at 15942.62.
TECHNICAL SUMMARY​
GBPUSD

Technical Analysis
Technical Analysis
TRADE SUGGESTION- SELL AT 1.2608, TAKE PROFIT AT 1.2565 AND STOP LOSS AT 1.2655

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TECHNICAL ANALYSIS REPORT ON FOREX, STOCKS, CRYPTO AND COMMODITY – 03 JUNE​

EMPLOYMENT MARKET CAN SLOWDOWN RATE HIKE??

Asia-Pacific stocks were mostly up on Friday morning. The Shanghai Composite is up 0.42% at 3,195.45. Overall, the Singapore MSCI is up 0.59% at 299.20. Over in Hong Kong, the Hang Seng Index is up 1.49% at 21,257. In Japan, the Nikkei 225 is up 1.09% at 27,760.00, while the Topix index is up 0.21% at 1932.00. South Korea’s Kospi is up 0.41% at 2669.91. Australia S&P/ASX 200 up 0.85% at 7237.10.

Top News of the Day:

On Thursday, the ADP National Employment Report showed U.S. payrolls rising at a slower-than-expected pace last month.

Investors are now looking to the U.S. Labor Department’s comprehensive jobs report, due later on Friday, for confirmation of a slowdown in the employment market, which could convince the Fed to go slow on interest rate hikes for the rest of the year.

Market Summary as per 02/06/2022:

European equities Thursday closing. The DAX futures contract in Germany traded up 1.01% at 14,485.17, CAC 40 futures up 1.27% at 6500.45 and the UK 100 futures contract in the U.K. down 0.98% at 7,532.96.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed up 1.33% at 33248.29. The S&P 500 up 1.84% at 4176.81 and the Nasdaq 100 up 2.75% at 12892.89, NYSE closes up 1.60% at 15960.52.

TECHNICAL SUMMARY​
GBPUSD

Technical Analysis

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TECHNICAL ANALYSIS REPORT ON FOREX, STOCKS, CRYPTO AND COMMODITY – 06 JUNE​

Week Brings CPI Reports In The U.S.

Asia-Pacific stocks were mostly up on Monday morning. The Shanghai Composite is up 1.11% at 3,231.04. Overall, the Singapore MSCI is down 0.85% at 296.35. Over in Hong Kong, the Hang Seng Index is up 1.61% at 21,280. In Japan, the Nikkei 225 is up 0.43% at 27,910.00, while the Topix index is up 0.10% at 1935.50. South Korea’s Kospi is up 0.44% at 2670.65. Australia S&P/ASX 200 down 0.45% at 7206.30.

Top News of the Day:

Stock markets ended the first week of June on a down note, as a strong U.S. jobs report made clear the Federal Reserve and other central banks can continue their monetary tightening policy, at the expense of risk assets.

This week brings CPI reports in the U.S., as inflation remains the biggest concern at the Fed and other central banks. The European Central Bank meets this week amidst expectations of policy normalization

Market Summary as per 03/06/2022:

European equities Friday closing. The DAX futures contract in Germany traded down 0.17% at 14,460.09, CAC 40 futures down 0.23% at 6485.31 and the UK 100 futures contract in the U.K. down 0.98% at 7,532.96.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed down 1.05% at 32899.71. The S&P 500 down 1.63% at 4108.55 and the Nasdaq 100 down 2.67% at 12548.03, NYSE closes down 1.02% at 15797.17.
TECHNICAL SUMMARY​
GBPUSD

Technical Analysis
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ETHEREUM TECHNICAL ANALYSIS, TRADE IDEAS AND SIGNALS

ETHEREUM TECHNICAL ANALYSIS: WEEKLY CHART

In the weekly charts, ETHEREUM is trading in a downward channel.

It is trading below all SMAs: MA (20), MA (50), and MA (100).

RSI is in selling zone which indicates bearishness. MACD is currently trading below zero which indicates bearishness.

The immediate support is at 1525 and the resistance level is at 2250

ETHEREUM is trading in a downward channel until there is a trend reversal.

ETHEREUM TECHNICAL ANALYSIS: DAILY CHART

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TECHNICAL ANALYSIS REPORT ON FOREX, STOCKS, CRYPTO AND GOLD – 10 JUNE​

U.S. STOCKS SOLD OFF SHARPLY AHEAD OF DATA ON FRIDAY

Asia-Pacific stocks were mostly down on Friday morning. The Shanghai Composite is up 0.99% at 3,270.93. Overall, the Singapore MSCI is down 1.59% at 294.50. Over in Hong Kong, the Hang Seng Index is down 0.09% at 21,772. In Japan, the Nikkei 225 is down 1.77% at 27,800.00, while the Topix index is down 1.30% at 1941.50. South Korea’s Kospi is down 1.10% at 2596.40. Australia S&P/ASX 200 down 1.10% at 6942.60.

Top News of the Day:

U.S. stocks sold off sharply Thursday as investor anxiety heightened ahead of data on Friday that is expected to show consumer prices remained elevated in May.

Selling picked up toward the end of the session. Mega-cap growth stocks led the drop, with Apple Inc (NASDAQ:AAPL) and Amazon.com Inc (NASDAQ:AMZN) falling 3.6% and 4.2%, respectively, and putting the most pressure on the S&P 500 and the Nasdaq.

Market Summary as per 09/06/2022:

European equities Thursday closing. The DAX futures contract in Germany traded down 1.71% at 14,198.80, CAC 40 futures down 1.40% at 6358.47 and the UK 100 futures contract in the U.K. up 0.04% at 7,428.6.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed down 1.94% at 32272.80. The S&P 500 down 2.38% at 4017.81 and the Nasdaq 100 down 2.74% at 12269.78, NYSE closes down 2.34% at 15472.45.

TECHNICAL SUMMARY​
GBPUSD

Technical Analysis Report

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TECHNICAL ANALYSIS REPORT ON FOREX, STOCKS, CRYPTO AND GOLD – 10 JUNE​

U.S. STOCKS SOLD OFF SHARPLY AHEAD OF DATA ON FRIDAY

Asia-Pacific stocks were mostly down on Friday morning. The Shanghai Composite is up 0.99% at 3,270.93. Overall, the Singapore MSCI is down 1.59% at 294.50. Over in Hong Kong, the Hang Seng Index is down 0.09% at 21,772. In Japan, the Nikkei 225 is down 1.77% at 27,800.00, while the Topix index is down 1.30% at 1941.50. South Korea’s Kospi is down 1.10% at 2596.40. Australia S&P/ASX 200 down 1.10% at 6942.60.

Top News of the Day:

U.S. stocks sold off sharply Thursday as investor anxiety heightened ahead of data on Friday that is expected to show consumer prices remained elevated in May.

Selling picked up toward the end of the session. Mega-cap growth stocks led the drop, with Apple Inc (NASDAQ:AAPL) and Amazon.com Inc (NASDAQ:AMZN) falling 3.6% and 4.2%, respectively, and putting the most pressure on the S&P 500 and the Nasdaq.

Market Summary as per 09/06/2022:

European equities Thursday closing. The DAX futures contract in Germany traded down 1.71% at 14,198.80, CAC 40 futures down 1.40% at 6358.47 and the UK 100 futures contract in the U.K. up 0.04% at 7,428.6.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed down 1.94% at 32272.80. The S&P 500 down 2.38% at 4017.81 and the Nasdaq 100 down 2.74% at 12269.78, NYSE closes down 2.34% at 15472.45.
TECHNICAL SUMMARY​
GBPUSD

Technical Analysis Report
Technical Analysis Report
TRADE SUGGESTION- SELL AT 1.2483, TAKE PROFIT AT 1.2453 AND STOP LOSS AT 1.2555

CLICK HERE (https://www.capitalstreetfx.com/en/technicalanalysis/technical-analysis-report-on-forex-stocks-crypto-and-gold-10-june/) FOR FULL REPORT

TECHNICAL ANALYSIS REPORT ON FOREX, STOCKS, CRYPTO AND GOLD – 13 JUNE

DOW FUTURES EXTEND LOSSES AFTER WORST WEEK SINCE JANUARY
Asia Pacific stocks were down on Monday morning. The Shanghai Composite is down 1.00% at 3,251.82. Overall, the Singapore MSCI is down 1.82% at 288.35. Over in Hong Kong, the Hang Seng Index is down 3.22% at 20,997. In Japan, the Nikkei 225 is down 3.27% at 26,950.00, while the Topix index is down 2.29% at 1897.50. South Korea’s Kospi is down 3.19% at 2513.03. Australia S&P/ASX 200 down 1.25% at 6932.00.

Top News of the Day:

U.S. stock futures were trading lower during Sunday’s evening deals, after major benchmark indices declined on Friday to post their biggest weekly declines in 5 months as a hotter-than-expected inflation print rattled risk sentiment.

Ahead in the week, market participants will be closely monitoring fresh retail sales data as well as the U.S. Federal Reserve interest rate decision, with policymakers expected to announce at least a half-point rate hike in an effort to stave off surging inflation pressures.

Market Summary as per 10/06/2022:

European equities Friday closing. The DAX futures contract in Germany traded down 3.08% at 13,761.83, CAC 40 futures down 2.69% at 6187.24 and the UK 100 futures contract in the U.K. down 2.12% at 7,317.53.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed down 2.73% at 31392.80. The S&P 500 down 2.91% at 3900.85 and the Nasdaq 100 down 3.56% at 11832.81, NYSE closes down 2.43% at 15096.68.

Top Market News Today:

In the Forex market, GBPUSD down 0.15% at 1.2296. The USDJPY up 0.39% at 134.906. The USDCHF up 0.15% at 0.9888. EURUSD down 0.23% at 1.0493, EUR/GBP up 0.03% at 0.8534. The USD/CNY up 0.40% at 6.7348 at the time of writing.

In the Commodity market U.S. Gold futures down 0.30% at $1,865.41. Elsewhere, Silver futures down 0.73% at $21.710 per ounce, Platinum down 1.44% at $958.50 per ounce, and Palladium down 1.29% at $1909.50.

Crude Oil down on Monday; Brent crude oil down 1.37% at $120.17 per barrel while U.S. West Texas Intermediate (CLc1) down 1.39% at $116.45.

In the Cryptocurrency Markets, Bitcoin at 25700.00 down 11.13%, Ethereum down 5.99% at 1347.09, Litecoin at 45.04 down 6.44%, at the time of writing.

TECHNICAL SUMMARY
GBPUSD



TRADE SUGGESTION- SELL AT 1.2288, TAKE PROFIT AT 1.2258 AND STOP LOSS AT 1.2328

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TECHNICAL ANALYSIS REPORT ON FOREX, STOCKS, CRYPTO AND S&P 500 – 14 JUNE​

S&P 500 Drops 3.9% Fueled by Worries of Interest Rate Hike by FED

Asia-Pacific stocks were down on Tuesday morning. The Shanghai Composite is up 0.40% at 3,268.02. Overall, the Singapore MSCI is down 0.75% at 283.90. Over in Hong Kong, the Hang Seng Index is up 0.57% at 21,014. In Japan, the Nikkei 225 is down 0.67% at 26,660.00, while the Topix index is down 0.58% at 1878.00. South Korea’s Kospi is down 0.46% at 2492.97. Australia S&P/ASX 200 down 3.55% at 6686.00.

Top News of the Day:

While the S&P 500 confirmed on Monday that it has been in a bear market since January, many of the benchmark’s components are in far worse shape following months of fear-driven selling related to rising interest rates and worries about the economy.

Market Summary as per 13/06/2022:

European equities Monday closing. The DAX futures contract in Germany traded down 2.43% at 13,427.03, CAC 40 futures down 2.67% at 6022.33 and the UK 100 futures contract in the U.K. down 1.53% at 7,205.80.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed down 2.79% at 30516.75. The S&P 500 down 3.88% at 3749.64 and the Nasdaq 100 down 4.60% at 11288.32, NYSE closes down 3.77% at 14527.89.

TECHNICAL SUMMARY​
GBPUSD

Technical Analysis
Technical Analysis
TRADE SUGGESTION- SELL AT 1.2180, TAKE PROFIT AT 1.2153 AND STOP LOSS AT 1.2206

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TECHNICAL ANALYSIS REPORT ON FOREX, STOCKS, CRYPTO AND NIKKEI 225 – 15 JUNE​

Investors Expect FED will Raise Interest Rate by 75 bps

Asia-Pacific stocks were mixed on Wednesday morning. The Shanghai Composite is up 1.40% at 3,334.55. Overall, the Singapore MSCI is up 0.57% at 284.75. Over in Hong Kong, the Hang Seng Index is up 1.55% at 21,221. In Japan, the Nikkei 225 is down 1.43% at 26,280.00, while the Topix index is down 1.38% at 1852.00. South Korea’s Kospi is down 1.83% at 2447.38. Australia S&P/ASX 200 down 1.27% at 6601.00.

Top News of the Day:

Investors have dramatically raised their bets that the U.S. Federal Reserve will raise interest rates by 75 basis points (bps) rather than 50 bps on Wednesday, a swing in expectations that has fuelled a violent selloff across world markets.

Investors worry that a 75-bps rate increase, which would be the biggest since 1994, will negatively impact the valuation of equities, particularly technology stocks, and jeopardize the post-COVID-19 recovery.

Market Summary as per 14/06/2022:

European equities Tuesday closing. The DAX futures contract in Germany traded down 0.91% at 13,304.39, CAC 40 futures down 1.20% at 5949.85 and the UK 100 futures contract in the U.K. down 0.25% at 7,187.47.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.50% at 30364.84. The S&P 500 down 0.38% at 3735.47 and the Nasdaq 100 up 0.21% at 11311.69, NYSE closes down 0.57% at 14444.64.

TECHNICAL SUMMARY​
GBPUSD

Technical Analysis
Technical Analysis
TRADE SUGGESTION- SELL AT 1.2029, TAKE PROFIT AT 1.1986 AND STOP LOSS AT 1.2120

CLICK HERE FOR FULL REPORT

TECHNICAL ANALYSIS REPORT ON FOREX, STOCKS, CRYPTO AND S&P 500 – 16 JUNE​

S&P 500 Snap a Five-Session Losing Skid

Asia-Pacific stocks were up on Thursday morning. The Shanghai Composite is down 0.32% at 3,294.93. Overall, the Singapore MSCI is up 1.01% at 286.10. Over in Hong Kong, the Hang Seng Index is down 1.35% at 20,923. In Japan, the Nikkei 225 is up 0.57% at 26,430.00, while the Topix index is up 0.62% at 1863.50. South Korea’s Kospi is up 0.16% at 2451.41. Australia S&P/ASX 200 down 0.15% at 6591.10.

Top News of the Day:

The S&P 500 rallied on Wednesday to snap a five-session losing skid after a policy announcement by the Federal Reserve that raised interest rates to market expectations as the central bank seeks to fight rising inflation without sparking a recession.

The Federal Reserve raised its target interest rate by three-quarters of a percentage point, its biggest rate hike since 1994, and projected a slowing economy and rising unemployment in the months to come.

Market Summary as per 15/06/2022:

European equities Wednesday closing. The DAX futures contract in Germany traded up 1.36% at 13,485.29, CAC 40 futures up 1.35% at 6030.14 and the UK 100 futures contract in the U.K. up 1.20% at 7,273.42.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed up 1.00% at 30668.54. The S&P 500 up 1.46% at 3790.00 and the Nasdaq 100 up 2.49% at 11593.77, NYSE closes up 1.04% at 14595.22.

TECHNICAL SUMMARY​
GBPUSD

Technical Analysis
Technical Analysis
TRADE SUGGESTION- SELL AT 1.2070, TAKE PROFIT AT 1.2038 AND STOP LOSS AT 1.2120

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ROYAL DUTCH SHELL PRICE CHART, ANALYSIS AND TRADING SIGNALS​

ROYAL DUTCH SHELL TECHNICAL ANALYSIS: WEEKLY CHART​
ROYAL DUTCH SHELL Technical Analysis
In the weekly charts, ROYAL DUTCH SHELL is trading in an up channel. ROYAL DUTCH SHELL is currently trading above all SMA.

RSI is in buying zone which indicates bullishness. MACD is currently above zero which indicates bullishness.

Its immediate support is 21.33 & the resistance level is at 23.35.

ROYAL DUTCH SHELL will trade in the up channel until there is trend reversal.

ROYAL DUTCH SHELL TECHNICAL ANALYSIS: DAILY CHART​

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TATE & LYLE TECHNICAL ANALYSIS, TRADE SIGNALS AND TRADING TIPS​

TATE & LYLE TECHNICAL ANALYSIS: WEEKLY CHART​

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In the weekly charts, TATE & LYLE is trading in an up channel. TATE & LYLE is currently trading above all SMA.

RSI is in buying zone which indicates bullishness. MACD is currently below zero which indicates bearishness.

Its immediate support is 659.56 & the resistance level is at 689.83.

TATE & LYLE will trade in the up channel until there is trend reversal.

TATE & LYLE TECHNICAL ANALYSIS: DAILY CHART​

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TECHNICAL ANALYSIS REPORT ON FOREX, STOCKS, CRYPTO – 20 JUNE​

U.S. STOCK FUTURES ROSE ON SUNDAY’S EVENING DEAL​
Asia-Pacific stocks were mostly down on Monday morning. The Shanghai Composite is down 0.06% at 3,314.50. Overall, the Singapore MSCI is up 0.23% at 282.35. Over in Hong Kong, the Hang Seng Index is up 0.15% at 21,026. In Japan, the Nikkei 225 is flat at 25,780.00, while the Topix index is down 0.11% at 1819.50. South Korea’s Kospi is down 2.04% at 2391.03. Australia S&P/ASX 200 down 0.64% at 6433.40.

Top News of the Day:

U.S. stock futures rose modestly during Sunday’s evening deals, after major benchmark averages posted their third consecutive weekly declines, finishing at 16-month lows amid growing concerns that the Federal Reserve’s aggressive interest rate hikes will push the economy into a recession.

Market Summary as per 17/06/2022:

European equities Friday closing. The DAX futures contract in Germany traded up 0.67% at 13,126.26, CAC 40 futures down 0.06% at 5882.66 and the UK 100 futures contract in the U.K. down 0.41% at 7,016.26.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.13% at 29888.79. The S&P 500 up 0.22% at 3674.85 and the Nasdaq 100 up 1.24% at 11265.99, NYSE closes down 0.32% at 14097.04.

TECHNICAL SUMMARY​

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TECHNICAL ANALYSIS REPORT ON FOREX, STOCKS, COMMODITY – 21 JUNE 2022​

U.S. STOCK FUTURES EASED IN OVERNIGHT TRADING MONDAY​
Asia-Pacific stocks were mostly up on Tuesday morning. The Shanghai Composite is down 0.27% at 3,306.02. Overall, the Singapore MSCI is up 0.80% at 284.70. Over in Hong Kong, the Hang Seng Index is up 1.32% at 21,396. In Japan, the Nikkei 225 is up 1.75% at 26,230.00, while the Topix index is up 1.84% at 1853.00. South Korea’s Kospi is up 0.75% at 2,408.93. Australia S&P/ASX 200 up 1.41% at 6523.80.

Top News of the Day:

U.S. stock futures eased in overnight trading Monday, with markets remaining closed for a public holiday after suffering heavy losses in the previous week as investors braced for further tightening of monetary policies from the U.S. Federal Reserve and rising chances of an economic downturn.

Market Summary as per 20/06/2022:

European equities Monday closing. The DAX futures contract in Germany traded up 1.06% at 13,265.60, CAC 40 futures up 0.48% at 5948.69 and the UK 100 futures contract in the U.K. up 1.50% at 7,121.82.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.13% at 29888.79. The S&P 500 up 0.22% at 3674.85 and the Nasdaq 100 up 1.24% at 11265.99, NYSE closes down 0.32% at 14097.04.

TECHNICAL SUMMARY​
GBPUSD

Technical Analysis
Technical Analysis
TRADE SUGGESTION- SELL AT 1.2292, TAKE PROFIT AT 1.2215 AND STOP LOSS AT 1.2331

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TECHNICAL ANALYSIS REPORT ON FOREX, STOCKS, COMMODITY – 22 JUNE 2022

WALL STREET JUMPED AS INVESTORS SCOOPED UP SHARES OF GROWTH & ENERGY CO.

Asia-Pacific stocks were down on Wednesday morning. The Shanghai Composite is down 1.04% at 3,271.98. Overall, the Singapore MSCI is down 1.00% at 281.95. Over in Hong Kong, the Hang Seng Index is down 1.87% at 21,073. In Japan, the Nikkei 225 is down 0.50% at 26,100.00, while the Topix index is down 0.16% at 1850.00. South Korea’s Kospi is down 2.74% at 2,342.81. Australia S&P/ASX 200 down 0.23% at 6508.50.

Top News of the Day:

Wall Street’s major indexes jumped over 2% on Tuesday as investors scooped up shares of mega cap growth and energy companies after the stock market swooned last week on worries over a global economic downturn.

All 11 major S&P 500 sectors gained, as stocks rebounded broadly after the benchmark index last week logged its biggest weekly percentage decline since March 2020.

Market Summary as per 21/06/2022:

European equities Tuesday closing. The DAX futures contract in Germany traded up 0.20% at 13,292.40, CAC 40 futures up 0.75% at 5964.67 and the UK 100 futures contract in the U.K. up 0.42% at 7,152.06.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed up 2.15% at 30530.26. The S&P 500 up 2.45% at 3764.80 and the Nasdaq 100 up 2.49% at 11546.76, NYSE closes up 2.25% at 14414.25.

TECHNICAL SUMMARY
GBPUSD

Technical Analysis
Technical Analysis


TRADE SUGGESTION- SELL AT 1.2174, TAKE PROFIT AT 1.2155 AND STOP LOSS AT 1.2205

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TECHNICAL ANALYSIS REPORT ON FOREX, STOCKS, COMMODITY – 23 JUNE 2022

investors digested Fed Chair Powell’s comments ON INFLATION

Asia-Pacific stocks were mostly down on Thursday morning. The Shanghai Composite is up 1.52% at 3,316.55. Overall, the Singapore MSCI is up 0.67% at 283.95. Over in Hong Kong, the Hang Seng Index is up 1.52% at 21,299. In Japan, the Nikkei 225 is up 0.08% at 26,120.00, while the Topix index is down 0.05% at 1849.00. South Korea’s Kospi is down 1.22% at 2,314.32. Australia S&P/ASX 200 up 0.31% at 6528.40.

Top News of the Day:

Wall Street’s main indexes ended with slim losses on Wednesday after choppy trading as energy shares weighed and investors digested Federal Reserve Chair Jerome Powell’s comments on the central bank’s aim to bring down inflation.

After opening lower, major U.S. indexes had erased losses following Powell’s testimony before a Senate committee, but then they faded into the close.

Market Summary as per 22/06/2022:

European equities Wednesday closing. The DAX futures contract in Germany traded down 1.11% at 13,144.28, CAC 40 futures down 0.59% at 5881.87 and the UK 100 futures contract in the U.K. down 0.68% at 7,041.47.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.15% at 30483.14. The S&P 500 down 0.13% at 3759.90 and the Nasdaq 100 down 0.16% at 11527.71, NYSE closes down 0.43% at 14352.78.

TECHNICAL SUMMARY
GBPUSD

Forex Technical Analysis
Forex Technical Analysis
TRADE SUGGESTION- SELL AT 1.2178, TAKE PROFIT AT 1.2140 AND STOP LOSS AT 1.2222

Visit us for more technical report - capitalstreetfx
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CAN RECESSION AFFECT YOUR JOB AND HOUSEHOLD BUDGET?​

During a recession, the unemployment rate normally rises because there is a lack of demand for products and services, which leads to a lack of need for employees.

As a result of state and local governments implementing stay-at-home orders in reaction to the COVID-19 epidemic, the unemployment rate rose from 3.5 percent in February 2020 to a record 14.8 percent in April 2020, triggering the most recent U.S. recession.

The exceptional loss of 22.1 million jobs between January and April 2020 triggered this massive increase in the unemployment rate. However, the economy quickly recovered, and the COVID-19 recession was the shortest on record.

Prior to the epidemic, the United States had been experiencing its longest era of expansion in history. The Great Recession, which began in December 2007 and concluded in June 2009, was followed by a protracted period of rising economic activity.

During the Great Recession, the worst economic slump in the United States since the Great Depression, the unemployment rate progressively increased from 5% in December 2007 to 9.5 percent in December 2009. (June 2009). However, the unemployment rate did not reach a peak until October 2009, when it reached 10%.

As the United States suffers economic challenges, the Bureau of Labor Statistics recorded a 3.6 percent unemployment rate in April 2022, with 5.9 million individuals unemployed.

WHAT SHOULD YOU DO TO PREPARE FOR A RECESSION?​

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RIPPLE (XRP) TECHNICAL ANALYSIS, TRADE SIGNALS AND PRICE FORECAST​


RIPPLE TECHNICAL ANALYSIS: WEEKLY CHART​
RIPPLE (XRP) Technical Analysis
In the weekly charts, RIPPLE is trading in a downward channel.

It is trading below all SMAs: MA (20), MA (50), and MA (100).

RSI is in selling zone which indicates bearishness. MACD is currently trading below zero which indicates bearishness.

The immediate support is at 0.277145 and the resistance level is at 0.483465

RIPPLE is trading in a downward channel until there is a trend reversal.

RIPPLE TECHNICAL ANALYSIS: DAILY CHART​

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TECHNICAL ANALYSIS REPORT ON FOREX, STOCKS, CRYPTO – 28 JUNE 2022​

U.S. STOCK SLAMMED BY HEIGHTENED INFLATION & tIGHTENING FED POLICY

Asia-Pacific stocks were mostly down on Tuesday morning. The Shanghai Composite is up 0.24% at 3,387.38. Overall, the Singapore MSCI is down 1.57% at 288.05. Over in Hong Kong, the Hang Seng Index is down 0.62% at 22,059. In Japan, the Nikkei 225 is up 0.45% at 26,890.00, while the Topix index is up 0.88% at 1896.00. South Korea’s Kospi is up 0.34% at 2,410.03. Australia S&P/ASX 200 up 0.56% at 6743.40.

Top News of the Day:

U.S. stocks closed lower on Monday, with few catalysts to sway investor sentiment as they approach the half-way point of a year in which the equity markets have been slammed by heightened inflation worries and tightening Fed policy.

The major U.S. stock indexes lost ground after oscillating earlier in the session, with weakness in interest rate sensitive mega caps such as Amazon.com (NASDAQ:AMZN), Microsoft Corp (NASDAQ:MSFT) and Alphabet (NASDAQ:GOOGL) Inc providing the heaviest drag.

Market Summary as per 27/06/2022:

European equities Monday closing. The DAX futures contract in Germany traded up 0.52% at 13,186.07, CAC 40 futures down 0.43% at 6047.32 and the UK 100 futures contract in the U.K. up 0.69% at 7,258.33.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.20% at 31438.27. The S&P 500 down 0.30% at 3900.12 and the Nasdaq 100 down 0.81% at 12008.24, NYSE closes up 0.16% at 14835.29.
​
TECHNICAL SUMMARY​
GBPUSD

Technical Analysis

TRADE SUGGESTION- SELL AT 1.2273, TAKE PROFIT AT 1.2233 AND STOP-LOSS AT 1.2299

CLICK HERE (https://www.capitalstreetfx.com/en/technicalanalysis/technical-analysis-report-on-forex-stocks-crypto-28-june-2022/) FOR FULL REPORT

TECHNICAL ANALYSIS REPORT ON FOREX, STOCKS, CRYPTO – 29 JUNE 2022​

U.S. STOCK SLightly HIGHER AMID INFLATION & AGGRESSIVE RATE HIKE

Asia-Pacific stocks were down on Wednesday morning. The Shanghai Composite is down 1.09% at 3,372.04. Overall, the Singapore MSCI is down 0.67% at 288.30. Over in Hong Kong, the Hang Seng Index is down 1.91% at 21,952. In Japan, the Nikkei 225 is down 1.29% at 26,720.00, while the Topix index is down 0.92% at 1890.00. South Korea’s Kospi is down 1.58% at 2,383.70. Australia S&P/ASX 200 down 0.67% at 6718.00.

Top News of the Day:

U.S. stock futures were slightly higher during Tuesday’s evening deals after major benchmark averages retreated during the regular session amid rising recession fears as aggressive rate hikes and rising bond yields continue to sap risk sentiment.

By 06:55 PM ET (22:55 GMT) Dow Jones Futures and S&P 500 Futures were up 0.1%, while Nasdaq 100 Futures gained 0.2%.

Market Summary as per 28/06/2022:

European equities Tuesday closing. The DAX futures contract in Germany traded up 0.35% at 13,231.82, CAC 40 futures up 0.64% at 6086.03 and the UK 100 futures contract in the U.K. up 0.90% at 7,323.42.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed down 1.56% at 30947.00. The S&P 500 down 2.01% at 3821.54 and the Nasdaq 100 down 3.09% at 11637.77, NYSE closes down 1.13% at 14667.32.

TECHNICAL SUMMARY​
GBPUSD

Technical Analysis
Technical Analysis
TRADE SUGGESTION- SELL AT 1.2182, TAKE PROFIT AT 1.2172 AND STOP LOSS AT 1.2206

CLICK HERE (https://www.capitalstreetfx.com/en/technicalanalysis/technical-analysis-report-on-forex-stocks-crypto-29-june-2022/) FOR FULL REPORT

TECHNICAL ANALYSIS REPORT ON FOREX, STOCKS, CRYPTO – 30 JUNE 2022​

FED POWELL TO TIGHTEN MONETaRY POLICY TO BRING DOWN INFLATION

Asia-Pacific stocks were mixed on Thursday morning. The Shanghai Composite is up 1.10% at 3,398.11. Overall, the Singapore MSCI is down 2.00% at 281.85. Over in Hong Kong, the Hang Seng Index is down 1.05% at 21,633. In Japan, the Nikkei 225 is down 1.39% at 26,310.00, while the Topix index is down 1.03% at 1865.50. South Korea’s Kospi is down 1.91% at 2,332.64. Australia S&P/ASX 200 down 1.97% at 6568.10.

Top News of the Day:

The Dow closed higher Wednesday after Federal Reserve Chairman Jerome Powell reiterated the central bank’s commitment to keep tightening monetary policy to bring down inflation just as U.S. quarterly economic activity slipped for first time in two years.

The S&P 500 fell 0.1%, the Dow Jones Industrial Average gained 0.3%, or 82 points, the Nasdaq was down 0.03%

Market Summary as per 29/06/2022:

European equities Wednesday closing. The DAX futures contract in Germany traded down 1.73% at 13,003.35, CAC 40 futures down 0.90% at 6031.49 and the UK 100 futures contract in the U.K. down 0.15% at 7,312.33.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.27% at 31029.32. The S&P 500 down 0.07% at 3818.84 and the Nasdaq 100 up 0.18% at 11658.26, NYSE closes down 0.46% at 14599.58.

TECHNICAL SUMMARY​
GBPUSD

Technical Analysis
Technical Analysis
TRADE SUGGESTION- SELL AT 1.2138, TAKE PROFIT AT 1.2103 AND STOP LOSS AT 1.2168


FOR THE FULL REPORT VISIT - CAPITALSTREET FX (https://www.capitalstreetfx.com/en/technicalanalysis/technical-analysis-report-on-forex-stocks-crypto-30-june-2022/)

SAP AG TECHNICAL ANALYSIS AND HOW TO TRADE SAP AG​

SAP AG TECHNICAL ANALYSIS: WEEKLY CHART​
image-432.png
In the weekly charts, SAP AG is trading in a down channel. SAP AG is currently trading below all SMA.

RSI is in selling zone which indicates bearishness. MACD is currently below zero which indicates bearishness.

Its immediate support is 84.25 & the resistance level is at 89.78.

SAP AG will trade in down channel until there is trend reversal.

SAP AG TECHNICAL ANALYSIS: DAILY CHART​

FOR THE FULL REPORT VISIT - CAPITALSTREET FX (https://www.capitalstreetfx.com/en/sap-ag-technical-analysis-and-how-to-trade-sap-ag/)

TECHNICAL ANALYSIS REPORT ON FOREX, STOCKS, CRYPTO – 04 JULY 2022​

RISKS TO THE DOWNSIDE WERE INDICATED BY U.S. STATISTICS FOR JUNE WEEK’S PAYROLLS REPORT​

Asia Pacific stocks were mixed on Monday morning. The Shanghai Composite is up 0.26% at 3,396.53. Overall, the Singapore MSCI is up 1.40% at 282.95. Over in Hong Kong, the Hang Seng Index is up 0.01% at 21,746. In Japan, the Nikkei 225 is up 0.97% at 26,080.00, while the Topix index is up 1.47% at 1864.00. South Korea’s Kospi is down 0.92% at 2,284.27. Australia S&P/ASX 200 up 1.18% at 6617.10.

Top News of the Day:

Global share markets wavered on Monday as a run of soft U.S. data suggested downside risks for this week’s June payrolls report, while the hubbub over possible recession was still driving a relief rally in government bonds.

The search for safety kept the U.S. dollar near 20-year highs, though early action was light with U.S. markets on holiday.

Market Summary as per 01/07/2022:

European equities Friday closing. The DAX futures contract in Germany traded up 0.23% at 12,813.03, CAC 40 futures up 0.14% at 5931.07 and the UK 100 futures contract in the U.K. down 0.01% at 7,168.64.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed up 1.05% at 31097.27. The S&P 500 up 1.05% at 3825.32 and the Nasdaq 100 up 0.71% at 11585.68, NYSE closes up 1.03% at 14636.75.

TECHNICAL SUMMARY​
GBPUSD


TRADE SUGGESTION- SELL AT 1.2102, TAKE PROFIT AT 1.2082 AND STOP LOSS AT 1.2120


FOR THE FULL REPORT VISIT - CAPITALSTREET FX (https://www.capitalstreetfx.com/en/technicalanalysis/technical-analysis-report-on-forex-stocks-crypto-04-july-2022/)

TECHNICAL ANALYSIS REPORT ON FOREX, STOCKS, CRYPTO – 05 JULY 2022​

U.S. STOCK FUTURES WERE HIGHER ON MONDAY OVERNIGHT TRADING

Asia-Pacific stocks were mostly up on Tuesday morning. The Shanghai Composite is down 0.58% at 3,385.89. Overall, the Singapore MSCI is up 0.30% at 283.55. Over in Hong Kong, the Hang Seng Index is up 0.10% at 21,836. In Japan, the Nikkei 225 is up 0.61% at 26,340.00, while the Topix index is up 0.29% at 1874.00. South Korea’s Kospi is up 1.80% at 2,341.78. Australia S&P/ASX 200 up 0.25% at 6629.30.

Top News of the Day:

U.S. Stock futures were higher overnight trading on Monday, with major benchmark averages remaining closed during regular hours for a public holiday after closing out the previous week with significant losses.

By 06:50 PM ET (2250 GMT) Dow Jones Futures added 0.2%, S&P 500 Futures lifted 0.3%, while the Nasdaq 100 Futures gained 0.7%.

Market Summary as per 04/07/2022:

European equities Monday closing. The DAX futures contract in Germany traded down 0.31% at 12,773.38, CAC 40 futures up 0.40% at 5954.66 and the UK 100 futures contract in the U.K. up 0.89% at 7,232.66.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed up 1.05% at 31097.27. The S&P 500 up 1.05% at 3825.32 and the Nasdaq 100 up 0.71% at 11585.68, NYSE closes up 1.03% at 14636.75.

TECHNICAL SUMMARY​
GBPUSD

Technical Analysis
Technical Analysis
TRADE SUGGESTION- SELL AT 1.2079, TAKE PROFIT AT 1.2064 AND STOP LOSS AT 1.2097


FOR THE FULL REPORT VISIT - CAPITALSTREET FX (https://www.capitalstreetfx.com/en/technicalanalysis/technical-analysis-report-on-forex-stocks-crypto-05-july-2022/)

TECHNICAL ANALYSIS REPORT ON FOREX, STOCKS, CRYPTO – 06 JULY 2022​

U.S. STOCK IS UNDER SELLING PRESSURE THIS YEAR WITH S&P 500 STEEPEST FIRST ½% DROP SINCE 1970

Asia-Pacific stocks were up on Wednesday morning. The Shanghai Composite is down 2.03% at 3,334.64. Overall, the Singapore MSCI is up 1.37% at 285.80. Over in Hong Kong, the Hang Seng Index is down 2.08% at 21,256. In Japan, the Nikkei 225 is down 1.29% at 26,000.00, while the Topix index is down 1.36% at 1848.50. South Korea’s Kospi is down 2.13% at 2,292.01. Australia S&P/ASX 200 down 0.52% at 6594.50.

Top News of the Day:

The S&P 500 ended slightly higher on Tuesday as investors kept their focus on the growth trajectory of the U.S. economy, and the tech-heavy Nasdaq closed higher while the Dow slipped.

U.S. stocks have been under relentless selling pressure this year, with the benchmark S&P 500 index recording its steepest first-half percentage drop since 1970, as the Federal Reserve moves away from easy-money policy by raising borrowing costs.

Market Summary as per 05/07/2022:

European equities Tuesday closing. The DAX futures contract in Germany traded down 2.91% at 12,401.20, CAC 40 futures down 2.68% at 5794.95 and the UK 100 futures contract in the U.K. down 2.86% at 7,025.48.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.42% at 30967.83. The S&P 500 up 0.16% at 3831.38 and the Nasdaq 100 up 1.68% at 11779.90, NYSE closes down 0.94% at 14499.49.


TECHNICAL SUMMARY​
GBPUSD

Technical Analysis
Technical Analysis
TRADE SUGGESTION- SELL AT 1.1975, TAKE PROFIT AT 1.1936 AND STOP LOSS AT 1.2083



FOR THE FULL REPORT VISIT - CAPITALSTREET FX (https://www.trade2win.com/threads/read-daily-technical-analysis-and-price-chart.241049/#post-3232551)

TECHNICAL ANALYSIS REPORT – 07 JULY 2022​

WALL STREET SEESAW WEDNESDAY BEHIND IT HIGHER CLOSE

Asia-Pacific stocks were mostly up on Thursday morning. The Shanghai Composite is up 0.22% at 3,362.23. Overall, the Singapore MSCI is down 0.04% at 285.25. Over in Hong Kong, the Hang Seng Index is up 0.34% at 21,579. In Japan, the Nikkei 225 is up 1.88% at 26,490.00, while the Topix index is up 1.76% at 1881.00. South Korea’s Kospi is up 1.84% at 2,334.27. Australia S&P/ASX 200 up 0.81% at 6648.00.

Top News of the Day:

Wall Street put a seesaw day behind it to close higher on Wednesday, as investors digested new clues on the U.S. central bank’s approach to rate policy and its inflation fight detailed in the minutes from the latest Federal Reserve meeting.

After a brutal selloff in global equity markets in the first half of the year, nervous investors are keeping a close watch on central bank actions as they try to assess the impact of aggressive rate hikes on global growth.

Market Summary as per 06/07/2022:

European equities Wednesday closing. The DAX futures contract in Germany traded up 1.56% at 12,594.52, CAC 40 futures up 2.03% at 5912.39 and the UK 100 futures contract in the U.K. up 1.17% at 7,107.78.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.23% at 31037.69. The S&P 500 up 0.36% at 3845.09 and the Nasdaq 100 up 0.62% at 11852.59, NYSE closes down 0.24% at 14465.29.

TECHNICAL SUMMARY​
GBPUSD

Technical Analysis
Technical Analysis
TRADE SUGGESTION- SELL AT 1.1960, TAKE PROFIT AT 1.1906 AND STOP LOSS AT 1.1986

FOR THE FULL REPORT VISIT - CAPITALSTREET FX (https://www.capitalstreetfx.com/en/technicalanalysis/technical-analysis-report-07-july-2022/)

TECHNICAL ANALYSIS REPORT – 08 JULY 2022​

U.S. STOCK FUTURES LOWER ON THURSDAY AFTER JOB DATA RELEASE

Asia-Pacific stocks were up on Friday morning. The Shanghai Composite is down 0.23% at 3,356.06. Overall, the Singapore MSCI is up 0.59% at 288.90. Over in Hong Kong, the Hang Seng Index is up 0.05% at 21,718. In Japan, the Nikkei 225 is up 0.45% at 26,610.00, while the Topix index is up 0.72% at 1894.50. South Korea’s Kospi is up 0.70% at 2,350.61. Australia S&P/ASX 200 up 0.45% at 6678.00.

Top News of the Day:

U.S. stock futures were trading slightly lower during overnight deals on Thursday, after major benchmark averages finished the regular session higher as investors look ahead to key jobs data set to be released later in the session.

By 07:00 PM ET (2300 GMT) Dow Jones Futures and S&P 500 Futures dipped 0.1%, while Nasdaq 100 Futures lost 0.2%.

Market Summary as per 07/07/2022:

European equities Thursday closing. The DAX futures contract in Germany traded up 1.97% at 12,843.22, CAC 40 futures down 0.11% at 6000.78 and the UK 100 futures contract in the U.K. down 0.26% at 7,170.82.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed up 1.12% at 31384.56. The S&P 500 up 1.50% at 3902.63 and the Nasdaq 100 up 2.16% at 12109.05, NYSE closes up 1.46% at 14676.49.


TECHNICAL SUMMARY​
GBPUSD

Technical Analysis
Technical Analysis
TRADE SUGGESTION- SELL AT 1.1932, TAKE PROFIT AT 1.1914 AND STOP LOSS AT 1.1943

Read Full Report - Click Here (https://www.capitalstreetfx.com/en/technicalanalysis/technical-analysis-report-08-july-2022/)

TECHNICAL ANALYSIS REPORT – 11 JULY 2022​
MARKETS CAUTION ON MONDAY DUE TO U.S. INFLATION REPORT

Asia-Pacific stocks were mostly down on Monday morning. The Shanghai Composite is down 1.23% at 3,314.82. Overall, the Singapore MSCI is flat at 289.00. Over in Hong Kong, the Hang Seng Index is down 2.95% at 21,086. In Japan, the Nikkei 225 is up 0.15% at 26,650.00, while the Topix index is up 0.61% at 1906.00. South Korea’s Kospi is down 0.44% at 2,340.27. Australia S&P/ASX 200 down 1.14% at 6602.20.

Top News of the Day:

Caution gripped share markets on Monday as investors braced for a U.S. inflation report that could force another super-sized hike in interest rates and the start of an earnings season in which profits will be under pressure.

Upbeat U.S. June payrolls report already has the market wagering heavily on a rise of 75 basis points from the Federal Reserve, sending bond yields and the dollar higher.

Market Summary as per 08/07/2022:

European equities Friday closing. The DAX futures contract in Germany traded up 1.34% at 13,015.23, CAC 40 futures down 1.59% at 5936.89 and the UK 100 futures contract in the U.K. down 0.87% at 7,119.20.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.15% at 31338.16. The S&P 500 down 0.08% at 3899.37 and the Nasdaq 100 up 0.14% at 12125.69, NYSE closes down 0.23% at 14642.32.

TECHNICAL SUMMARY​
GBPUSD

Technical Analysis
Technical Analysis
TRADE SUGGESTION- SELL AT 1.1955, TAKE PROFIT AT 1.1930 AND STOP-LOSS AT 1.1987


VIEW FULL REPORT VISIT - CAPITALSTREETFX (https://www.capitalstreetfx.com/en/technicalanalysis/technical-analysis-report-11-july-2022/)

TECHNICAL ANALYSIS REPORT – 12 JULY 2022​

Wall Street declines in response to economic data & EARNINGS

Asia-Pacific stocks were mostly down on Tuesday morning. The Shanghai Composite is down 0.92% at 3,282.97. Overall, the Singapore MSCI is down 1.65% at 285.65. Over in Hong Kong, the Hang Seng Index is down 1.21% at 20,898. In Japan, the Nikkei 225 is down 1.39% at 26,280.00, while the Topix index is down 1.44% at 1878.50. South Korea’s Kospi is down 0.96% at 2,317.76. Australia S&P/ASX 200 up 0.06% at 6606.30.

Top News of the Day:

U.S. stocks lost ground on Monday as a lack of catalysts left market participants warily embarking on a week back-end loaded with crucial inflation data and the unofficial beginning to second-quarter earnings season.

Market leading growth stocks pulled all three major U.S. stock indexes into negative territory, with risk-off sentiment exacerbated by Macau’s first casino shutdown in over two years to curb the spread of COVID-19.

Market Summary as per 11/07/2022:

European equities Monday closing. The DAX futures contract in Germany traded down 1.40% at 12,832.44, CAC 40 futures down 0.36% at 5974.56 and the UK 100 futures contract in the U.K. down 0.24% at 7,179.15.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.52% at 31173.85. The S&P 500 down 1.15% at 3854.44 and the Nasdaq 100 down 2.19% at 11860.28, NYSE closes down 0.96% at 14502.43.

TECHNICAL SUMMARY​
GBPUSD

Technical Analysis
Technical Analysis
TRADE SUGGESTION- SELL AT 1.1821, TAKE PROFIT AT 1.1800 AND STOP LOSS AT 1.1859

VIEW FULL REPORT VISIT - CAPITALSTREETFX (https://www.capitalstreetfx.com/en/technicalanalysis/technical-analysis-report-12-july-2022/)

TECHNICAL ANALYSIS REPORT – 14 JULY 2022​

FRESH EARNINGS, INITIAL JOBLESS CLAIMS AND PPI DATA WILL RIDE THE MARKET

Asia Pacific stocks were mostly up on Thursday morning. The Shanghai Composite is down 0.23% at 3,276.45. Overall, the Singapore MSCI is down 1.31% at 282.50. Over in Hong Kong, the Hang Seng Index is down 0.86% at 20,652. In Japan, the Nikkei 225 is up 0.79% at 26,640.00, while the Topix index is up 0.19% at 1889.00. South Korea’s Kospi is up 0.02% at 2,329.13. Australia S&P/ASX 200 up 0.37% at 6646.00.

Top News of the Day:

U.S stock futures traded lower during Wednesday’s evening deals, following a negative close for major benchmark indices after a hotter than expected CPI print, with inflation surging to fresh 41-year highs, while investors look ahead to earnings reports from major financial companies.

Ahead in Thursday’s session, market participants will be monitoring fresh earnings reports from JPMorgan Chase & Co (NYSE:JPM) and Morgan Stanley (NYSE:MS), while weekly initial jobless claims and PPI data will also be closely watched.

Market Summary as per 13/07/2022:

European equities Wednesday closing. The DAX futures contract in Germany traded down 1.16% at 12,756.32, CAC 40 futures down 0.73% at 6000.23 and the UK 100 futures contract in the U.K. down 0.74% at 7,156.38.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.67% at 30772.80. The S&P 500 down 0.45% at 3801.77 and the Nasdaq 100 down 0.14% at 11860.28, NYSE closes down 0.38% at 14340.28.

TECHNICAL SUMMARY​
GBPUSD

Technical Analysis
Technical Analysis
TRADE SUGGESTION- SELL AT 1.1834, TAKE PROFIT AT 1.1825 AND STOP LOSS AT 1.1853

VIEW FULL REPORT VISIT - CAPITALSTREETFX (https://www.capitalstreetfx.com/en/technicalanalysis/technical-analysis-report-14-july-2022/)

The point is, when the petro-dollar finally crashes - partially because of Biden's fails with Russia - it will look like other investments are going to the moon. But silver is good if you hold it physically, because it is cheap enough for the average person to buy. The below info shows why it might be one of the best buys around, right now.


The Day the Silver Market Broke (http://www.freedomsphoenix.com/News/328805-2022-07-16-the-day-the-silver-market-broke.htm)




8)

WEEKLY TECHNICAL ANALYSIS WITH CANDLESTICK CHARTS – 17 JULY 2022​

WEEKLY SNAPSHOT​
GDP (YoY), U.K.

WHEN: WHAT IT HAD INFLUENCED:

13th JULY 2022 GBP and its subsequent pairs

WHAT HAPPENED: Gross Domestic Product (GDP) measures the annualized change in the inflation-adjusted value of all goods and services produced by the economy. It is the broadest measure of economic activity and the primary indicator of the economy’s health.

GBPJPY is currently in the upward channel. Further upside can be seen in the coming week.

Initial Jobless Claims, U.S.

WHEN: WHAT IT HAD INFLUENCED:

14th JULY 2022 USD and its subsequent pairs

WHAT HAPPENED: Initial Jobless Claims measures the number of individuals who filed for unemployment insurance for the first time during the past week. This is the earliest U.S. economic data, but the market impact varies from week to week.

USDCAD is currently in the upward channel. Further upside can be seen in the coming week.

RBA Interest Rate Decision (Jul), NEW ZEALAND

WHEN: WHAT IT HAD INFLUENCED:

12th JULY 2022 NZD and its subsequent pairs

WHAT HAPPENED: The Reserve Bank of New Zealand (RBNZ) governor decides where to set the rate after consulting senior bank staff and external advisers.

NZDUSD is currently in the downward channel. Further downside can be seen in the coming week.

Gold falls Friday in fifth weekly decline on dollar strength

WHAT IT HAD INFLUENCED:

GOLD

WHAT HAPPENED: Gold prices eased on Friday and posted its fifth straight weekly loss, as expectations of a sizeable rate hike by the U.S. Federal Reserve powered the dollar and eroded bullion’s appeal.

Spot gold firmed to $1,705.39 per ounce, but lost about 2% this week. U.S. gold futures also eased 0.13% to $1,703.6.

That, to some, was an indication that gold may already have, or is close, to bottoming out and probably has not too much more to lose.

Friday’s trade in gold was bogged by more uncertainty after the release of sterling U.S. jobs data for June.

GOLD was trading in the downward channel. The downside will be further in the coming week after the breakdown.

TOP COMMODITIES IN THE COMING WEEK

GOLD

Weekly Technical Analysis
GOLD was trading in the downward channel. The downside will be further in the coming week after the breakdown.


VIEW FULL REPORT VISIT - CAPITALSTREETFX (https://www.capitalstreetfx.com/en/technicalanalysis/weekly-technical-analysis-1/)

TECHNICAL ANALYSIS REPORT – 21 JULY 2022​
Dow Futures Relieve After Major Indices Continue Rally

Asia-Pacific stocks were mostly down on Thursday morning. The Shanghai Composite is down 0.97% at 3,272.72. Overall, the Singapore MSCI is up 0.03% at 291.80. Over in Hong Kong, the Hang Seng Index is down 1.25% at 20,636. In Japan, the Nikkei 225 is up 0.36% at 27,780.00, while the Topix index is up 0.21% at 1952.00. South Korea’s Kospi is up 0.93% at 2,409.16. Australia S&P/ASX 200 up 0.52% at 6794.30.

Top News of the Day:

U.S. stock futures were trading lower during Wednesday’s evening deals, after major benchmark indices extended their rally for the second consecutive session as market participants digest a deluge of corporate earnings results.

At 7:05pm ET (11:05pm GMT) Dow Jones Futures and S&P 500 Futures were down 0.3%, while Nasdaq 100 Futures fell 0.4%.

Market Summary as per 20/07/2022:

European equities Wednesday closing. The DAX futures contract in Germany traded down 0.20% at 13,281.98, CAC 40 futures up 0.12% at 6192.87 and the UK 100 futures contract in the U.K. up 0.07% at 7,268.50.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.15% at 31874.85. The S&P 500 up 0.59% at 3859.89 and the Nasdaq 100 up 1.55% at 12439.68, NYSE closes up 0.08% at 14778.46.

TECHNICAL SUMMARY​
GBPUSD

Technical Analysis
Technical Analysis
TRADE SUGGESTION- SELL AT 1.1940, TAKE PROFIT AT 1.1872 AND STOP LOSS AT 1.1989



VIEW FULL REPORT VISIT - CAPITALSTREETFX (https://www.capitalstreetfx.com/en/technicalanalysis/technical-analysis-report-21-july-2022/)

I see you get space.

So the candles fits the analysis.

I have the biggest hammer ready for Friday.

TECHNICAL ANALYSIS REPORT – 22 JULY 2022

WALL STREET RALLY DUE TO HEAVY WEIGHT GROWTH STOCKS & TESLA

Asia-Pacific stocks were mostly up on Friday morning. The Shanghai Composite is down 0.59% at 3,252.89. Overall, the Singapore MSCI is up 1.52% at 296.75. Over in Hong Kong, the Hang Seng Index is up 0.08% at 20,591. In Japan, the Nikkei 225 is up 0.40% at 27,890.00, while the Topix index is up 0.28% at 1957.50. South Korea’s Kospi is down 0.66% at 2,393.14. Australia S&P/ASX 200 down 0.04% at 6791.50.

Top News of the Day:

Wall Street’s main indexes rose on Thursday boosted by a late-afternoon rally and gains in heavyweight growth stocks, including Tesla (NASDAQ:TSLA).

The tech-heavy Nasdaq added 1.4% to lead the gains while the S&P 500 closed at its highest level since June 9. The Dow Jones Industrial Average climbed 0.5%.

Market Summary as per 21/07/2022:

European equities Thursday closing. The DAX futures contract in Germany traded down 0.27% at 13,246.64, CAC 40 futures up 0.27% at 6201.12 and the UK 100 futures contract in the U.K. up 0.09% at 7,270.52.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.51% at 32036.91. The S&P 500 up 0.99% at 3998.94 and the Nasdaq 100 up 1.44% at 12619.41, NYSE closes up 0.63% at 14871.13.

TECHNICAL SUMMARY​
GBPUSD

Technical Analysis
Technical Analysis
TRADE SUGGESTION- SELL AT 1.1961, TAKE PROFIT AT 1.1932 AND STOP LOSS AT 1.1988

VIEW FULL REPORT VISIT - CAPITALSTREETFX (https://www.capitalstreetfx.com/en/technicalanalysis/technical-analysis-report-22-july-2022/)

AUDJPY TECHNICAL ANALYSIS​

AUDJPY TECHNICAL ANALYSIS: WEEKLY CHART​
AUDJPY Technical Analysis
In the weekly charts, AUDJPY is trading in an up channel. AUDJPY is currently trading above all SMA.

RSI is in buying zone which indicates bullishness. MACD is currently above zero which indicates bullishness.

Its immediate support is 93.8356 & the resistance level is at 95.7400.

AUDJPY will trade in an up channel until there is trend reversal.

AUDJPY TECHNICAL ANALYSIS: DAILY CHART​

VIEW FULL REPORT VISIT - CAPITALSTREETFX (https://www.capitalstreetfx.com/en/audjpy-technical-analysis/)

TECHNICAL ANALYSIS REPORT – 25 JULY 2022​

During Sunday’s evening trades, U.S. stock futures were mixed

Asia-Pacific stocks were mostly down on Monday morning. The Shanghai Composite is down 0.55% at 3,252.82. Overall, the Singapore MSCI is down 1.11% at 293.75. Over in Hong Kong, the Hang Seng Index is down 0.52% at 20,511. In Japan, the Nikkei 225 is down 0.68% at 27,700.00, while the Topix index is down 0.72% at 1943.50. South Korea’s Kospi is up 0.44% at 2,403.69. Australia S&P/ASX 200 down 0.02% at 6789.90.

Top News of the Day:

U.S. stock futures were mixed during Sunday’s evening deals, following a positive week among major U.S. indices as market participants prepare for the busiest week of corporate earnings, while further interest rate hikes are expected at Wednesday’s Federal Reserve interest rate decision.

By 7:10pm ET (11:10pm GMT) Dow Jones Futures and S&P 500 Futures were down 0.1% apiece, while Nasdaq 100 Futures added 0.1%.

Market Summary as per 22/07/2022:

European equities Friday closing. The DAX futures contract in Germany traded up 0.05% at 13,253.68, CAC 40 futures up 0.25% at 6216.83 and the UK 100 futures contract in the U.K. up 0.08% at 7,276.38.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.43% at 31899.30. The S&P 500 down 0.93% at 3961.63 and the Nasdaq 100 down 1.77% at 12396.47, NYSE closes down 0.54% at 14790.78.


TECHNICAL SUMMARY​
GBPUSD

Technical Analysis
Technical Analysis
TRADE SUGGESTION- SELL AT 1.1980, TAKE PROFIT AT 1.1958 AND STOP LOSS AT 1.2000


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TECHNICAL ANALYSIS REPORT – 26 JULY 2022​

MONDAY’S S&P 500’S SWINGS, ENDED ALMOST UNCHANGED

Asia-Pacific stocks were largely up on Tuesday morning. The Shanghai Composite is up 0.83% at 3,277.43. Overall, the Singapore MSCI is down 0.39% at 293.25. Over in Hong Kong, the Hang Seng Index is up 1.87% at 20,941. In Japan, the Nikkei 225 is down 0.18% at 27,650.00, while the Topix index is up 0.03% at 1944.00. South Korea’s Kospi is up 0.39% at 2,412.96. Australia S&P/ASX 200 up 0.26% at 6807.30.

Top News of the Day:

The S&P 500 see-sawed on Monday and ended close to unchanged as investors girded for an expected rate hike at a Federal Reserve meeting this week and earnings from several large-cap growth companies.

The Nasdaq ended lower, and S&P 500 technology and consumer discretionary led declines among major S&P sectors. The energy sector gained along with oil prices.

Market Summary as per 25/07/2022:

European equities Monday closing. The DAX futures contract in Germany traded down 0.38% at 13,158.72, CAC 40 futures down 0.23% at 6223.02 and the UK 100 futures contract in the U.K. up 0.53% at 7,345.47.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.28% at 31990.05. The S&P 500 up 0.13% at 3966.83 and the Nasdaq 100 down 0.55% at 12328.41, NYSE closes up 0.73% at 14899.08.

TECHNICAL SUMMARY​
GBPUSD

Technical Analysis
Technical Analysis
TRADE SUGGESTION- BUY AT 1.2033, TAKE PROFIT AT 1.2083 AND STOP LOSS AT 1.2000


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TECHNICAL ANALYSIS REPORT – 27 JULY 2022​

US FUTURES CLOSED “-VE” AS THE FED INTEREST RATE DECISION IS DUE IN THIS SESSION

Asia-Pacific stocks were mixed on Wednesday morning. The Shanghai Composite is up 0.07% at 3,279.64. Overall, the Singapore MSCI is up 0.05% at 293.65. Over in Hong Kong, the Hang Seng Index is down 1.06% at 20,665. In Japan, the Nikkei 225 is up 0.40% at 27,760.00, while the Topix index is up 0.18% at 1947.50. South Korea’s Kospi is up 0.11% at 2,415.53. Australia S&P/ASX 200 up 0.23% at 6823.20.

Top News of the Day:

U.S. stock futures were trading higher during Tuesday’s evening deals, following a negative close for major benchmark averages as market participants monitor earnings from mega-cap technology companies as well as the Federal Reserve’s latest interest rate decision due later in the session.

By 7:15pm ET (11:15pm GMT) Dow Jones Futures were up 0.2%, S&P 500 Futures lifted 0.6%, and Nasdaq 100 Futures gained 1.2%.

Market Summary as per 26/07/2022:

European equities Tuesday closing. The DAX futures contract in Germany traded down 0.86% at 13,096.93, CAC 40 futures down 0.42% at 6211.46 and the UK 100 futures contract in the U.K. flat at 7,306.29.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.71% at 31761.55. The S&P 500 down 1.15% at 3921.04 and the Nasdaq 100 down 1.96% at 12086.90, NYSE closes down 0.71% at 14793.55.

TECHNICAL SUMMARY​
GBPUSD

Technical Analysis
Technical Analysis
TRADE SUGGESTION- BUY AT 1.2054, TAKE PROFIT AT 1.2089 AND STOP LOSS AT 1.2030

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TECHNICAL ANALYSIS REPORT – 28 JULY 2022​

FED 75-basis point hike moved U.S. STOCK FUTURES SLIGHTLY LOWER

Asia-Pacific stocks were up on Thursday morning. The Shanghai Composite is up 0.25% at 3,284.46. Overall, the Singapore MSCI is up 1.12% at 298.00. Over in Hong Kong, the Hang Seng Index is down 0.26% at 20,611. In Japan, the Nikkei 225 is up 0.18% at 27,810.00, while the Topix index is down 0.05% at 1946.50. South Korea’s Kospi is up 0.82% at 2,435.27. Australia S&P/ASX 200 up 0.97% at 6889.70.

Top News of the Day:

U.S. stock futures moved slightly lower in overnight trading after major benchmark averages lifted during Wednesday’s session as Federal Reserve policymakers delivered a 75-basis point hike.

By 7:10pm ET (11:10pm GMT) Dow Jones Futures and S&P 500 Futures declined 0.1%, while Nasdaq 100 Futures were 0.4% lower.

Market Summary as of 27/07/2022:

European equities Wednesday closing. The DAX futures contract in Germany traded up 0.53% at 13,166.38, CAC 40 futures up 0.52% at 6290.41 and the UK 100 futures contract in the U.K. up 0.39% at 7,376.34.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed up 1.37% at 32197.60. The S&P 500 up 2.62% at 4023.61 and the Nasdaq 100 up 4.26% at 12601.47, NYSE closes up 1.61% at 15031.03.

TECHNICAL SUMMARY​
GBPUSD

Technical Analysis
Technical Analysis
TRADE SUGGESTION- BUY AT 1.2162, TAKE PROFIT AT 1.2203 AND STOP LOSS AT 1.2121

VIEW FULL REPORT VISIT - CAPITALSTREETFX
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TECHNICAL ANALYSIS REPORT – 29 JULY 2022​

WALL STREET STOCK RALLIED AS INVESTORS DIGESTED THE DECLINING U.S. ECONOMY

Asia-Pacific stocks were mixed on Friday morning. The Shanghai Composite is down 0.90% at 3,252.95. Overall, the Singapore MSCI is down 1.36% at 292.95. Over in Hong Kong, the Hang Seng Index is down 2.45% at 20,100. In Japan, the Nikkei 225 is down 0.14% at 27,770.00, while the Topix index is down 0.39% at 1939.00. South Korea’s Kospi is up 0.67% at 2,451.49. Australia S&P/ASX 200 up 0.81% at 6945.20.

Top News of the Day:

Wall Street stocks rallied on Thursday, while Treasury yields fell for the third straight day as investors digested data showing a declining U.S. economy for a second straight quarter, a day after the Federal Reserve hiked interest rates.

U.S. second-quarter gross domestic product (GDP) fell at a 0.9% annualized rate, according to the Commerce Department’s advance estimate. This compares with economist expectations for 0.5% growth and came after a first-quarter contraction of 1.6%.

Market Summary as per 28/07/2022:

European equities Thursday closing. The DAX futures contract in Germany traded up 0.88% at 13,282.11, CAC 40 futures up 1.30% at 6339.21 and the UK 100 futures contract in the U.K. down 0.04% at 7,345.26.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed up 1.03% at 32529.64. The S&P 500 up 1.21% at 4072.42 and the Nasdaq 100 up 0.92% at 12717.87, NYSE closes up 1.12% at 15198.80.

TECHNICAL SUMMARY​
GBPUSD

Technical Analysis
Technical Analysis
TRADE SUGGESTION- BUY AT 1.2241, TAKE PROFIT AT 1.2289 AND STOP LOSS AT 1.2195


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TECHNICAL ANALYSIS REPORT – 01 AUGUST 2022​

DOW FUTURES WERE SLIGHTLY LOWER ON SUNDAY AFTER CLOSING HIGHER ON WEEK AND MONTHLY GAIN

Asia-Pacific shares were sluggish on Monday as disappointing Chinese economic data. The Shanghai Composite is up 0.21% at 3,259.95. Overall, the Singapore MSCI is up 1.05% at 297.10. Over in Hong Kong, the Hang Seng Index is up 0.36% at 20,160. In Japan, the Nikkei 225 is up 0.90% at 28,000.00, while the Topix index is up 1.19% at 1960.50. South Korea’s Kospi is up 0.03% at 2,452.25. Australia S&P/ASX 200 up 0.69% at 6993.00.

Top News of the Day:

Dow futures were trading slightly lower during Sunday’s evening deals, after major benchmark indices finished this week significantly higher and finishing July with the largest gains since April 2020, with market participants looking ahead to a continued deluge of earnings results and key NFP data.

Investors will be closely monitoring July’s Nonfarm Payrolls print, with analysts estimating a slowdown in hiring, forecasting the addition of 250K jobs which would be the lowest since December of 2020, while the unemployment rate is expected to hold steady at 3.6%.

Market Summary as per 29/07/2022:

European equities Friday closing. The DAX futures contract in Germany traded up 0.02% at 13,488.16, CAC 40 futures up 0.17% at 6459.19 and the UK 100 futures contract in the U.K. up 1.06% at 7,423.42.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.97% at 32845.14. The S&P 500 up 1.42% at 4130.28 and the Nasdaq 100 up 1.81% at 12947.97, NYSE closes up 0.85% at 15327.70.


TECHNICAL SUMMARY​
GBPUSD

Technical Analysis

TRADE SUGGESTION- BUY AT 1.2195, TAKE PROFIT AT 1.2233 AND STOP LOSS AT 1.2160

VIEW FULL REPORT VISIT - CAPITALSTREETFX (https://www.capitalstreetfx.com/en/technicalanalysis/technical-analysis-report-01-august-2022/)

TECHNICAL ANALYSIS REPORT – 02 AUGUST 2022

AFTER THE BIGGEST MONTH SINCE 2020, WALL STREET ENDS DOWN

Asia-Pacific Asia stocks tumbled on Tuesday. The Shanghai Composite is up 0.21% at 3,259.95. Overall, the Singapore MSCI is down 2.26% at 3186.26. Over in Hong Kong, the Hang Seng Index is down 2.40% at 19,650.00. In Japan, the Nikkei 225 is down 1.18% at 27,670.00, while the Topix index is down 1.56% at 1930.00. South Korea’s Kospi is down 0.52% at 2,439.62. Australia S&P/ASX 200 up 0.07% at 6998.10.
Top News of the Day:

Wall Street ended lower after a choppy session on Monday, with declines in Exxon Mobil (NYSE:XOM) and other energy companies weighing against gains in Boeing (NYSE:BA) as investors digested the U.S. stock market’s biggest monthly gains in two years.
Stocks gave up some of a strong rally from last week that was driven by bets the Federal Reserve may not need to be as aggressive with interest rate hikes as some had feared.
Market Summary as per 01/08/2022:

European equities Monday closing. The DAX futures contract in Germany traded down 0.52% at 13,409.13, CAC 40 futures down 0.59% at 6399.16 and the UK 100 futures contract in the U.K. down 0.20% at 7,398.60.
In the U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.14% at 32798.41. The S&P 500 down 0.28% at 4118.63 and the Nasdaq 100 down 0.06% at 12940.78, NYSE closes down 0.27% at 15286.01.

TECHNICAL SUMMARY​
GBPUSD

Technical Analysis
Technical Analysis
TRADE SUGGESTION- BUY AT 1.2193, TAKE PROFIT AT 1.2241 AND STOP LOSS AT 1.2121



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TECHNICAL ANALYSIS REPORT – 03 AUGUST 2022


TUESDAY CHOPPY SESSION ENDED WALL STREET LOWER

Asia-Pacific stocks rose in volatile trading on Wednesday. The Shanghai Composite is down 0.71% at 3,163.67. Overall, the Singapore MSCI is up 1.26% at 298.10. Over in Hong Kong, the Hang Seng Index is up 0.34% at 19,667.00. In Japan, the Nikkei 225 is up 0.14% at 27,710.00, while the Topix index is down 0.13% at 1927.50. South Korea’s Kospi is up 0.89% at 2,461.45. Australia S&P/ASX 200 down 0.32% at 6975.90.

Top News of the Day:

Wall Street ended lower after a choppy session on Tuesday, with geopolitical tensions flaring after U.S. House of Representatives Speaker Nancy Pelosi visited Taiwan.
Pelosi said her trip demonstrated American solidarity with the Chinese-claimed self-ruled island, but China condemned that first such visit in 25 years as a threat to peace and stability

Market Summary as per 02/08/2022:

European equities Tuesday closing. The DAX futures contract in Germany traded down 0.35% at 13,403.94, CAC 40 futures up 0.14% at 6418.53 and the UK 100 futures contract in the U.K. down 0.24% at 7,391.50.
In the U.S. on Wall Street, the Dow Jones Industrial Average closed down 1.23% at 32396.18. The S&P 500 down 0.67% at 4091.19 and the Nasdaq 100 down 0.30% at 12901.60, NYSE closes down 0.81% at 15162.68.

TECHNICAL SUMMARY​
GBPUSD

Technical Analysis
Technical Analysis

TRADE SUGGESTION- BUY AT 1.2188, TAKE PROFIT AT 1.2234 AND STOP LOSS AT 1.2154


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TECHNICAL ANALYSIS REPORT – 08 AUGUST 2022

CPI DATA WILL RIDE THE MARKET THIS WEEK & IS SET TO RELEASE ON WED

Asia-Pacific share markets were subdued on Monday. The Shanghai Composite is up 0.14% at 3,231.46. Overall, the Singapore MSCI is flat at 305.50. Over in Hong Kong, the Hang Seng Index is down 0.51% at 19,909.00. In Japan, the Nikkei 225 is up 0.25% at 28,240.00, while the Topix index is up 0.21% at 1951.00. South Korea’s Kospi is down 0.01% at 2,490.65. Australia S&P/ASX 200 up 0.13% at 7024.90.

Top News of the Day:

U.S. stock futures were trading lower during Sunday’s evening deals, with major benchmark averages coming off a positive week as stronger than expected earnings results continue to roll in.

Ahead in the week, market participants will turn focus toward fresh CPI data set for release on Wednesday, which is expected to slow amid falling gasoline prices. Headline CPI is expected to dip to 8.7% in July from a 40-year high of 9.1% in the previous month.

Market Summary as per 05/08/2022:

European equities Friday closing. The DAX futures contract in Germany traded down 0.65% at 13,573.93, CAC 40 futures down 0.63% at 6472.36 and the UK 100 futures contract in the U.K. down 0.11% at 7,439.75.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.23% at 32803.48. The S&P 500 down 0.16% at 4145.19 and the Nasdaq 100 down 0.78% at 13207.69, NYSE closes up 0.32% at 15273.23


TECHNICAL SUMMARY​
GBPUSD

Technical Analysis
Technical Analysis
TRADE SUGGESTION- SELL AT 1.2068, TAKE PROFIT AT 1.2036 AND STOP LOSS AT 1.2097


Read the full report on capital street fx (https://www.capitalstreetfx.com/en/technicalanalysis/technical-analysis-report-08-august-2022/)

TECHNICAL ANALYSIS REPORT – 09 AUGUST 2022​

U.S. STOCK’S SLIGHTLY HIGHER AFTER AVERAGING EARNINGS & INFLATION​
Asia-Pacific shares eked out modest gains on Tuesday. The Shanghai Composite is up 0.29% at 3,246.22. Overall, the Singapore MSCI is down 0.36% at 305.10. Over in Hong Kong, the Hang Seng Index is down 0.04% at 19,816.00. In Japan, the Nikkei 225 is down 0.99% at 27,960.00, while the Topix index is down 0.74% at 1935.00. South Korea’s Kospi is up 0.42% at 2,503.46. Australia S&P/ASX 200 up 0.13% at 7029.80.

Top News of the Day:

U.S. stock futures were slightly higher during Monday’s evening deals, after major benchmark averages finished mixed during regular trading as market participants parsed a fresh deluge of corporate earnings reports ahead of key inflation data due on Wednesday.

Market Summary as per 08/08/2022:

European equities Monday closing. The DAX futures contract in Germany traded flat at 13,687.69, CAC 40 futures up 0.80% at 6524.45 and the UK 100 futures contract in the U.K. up 0.57% at 7,482.38.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.09% at 32832.55. The S&P 500 down 0.12% at 4140.05 and the Nasdaq 100 down 0.37% at 13159.16, NYSE closes up 0.21% at 15305.79

TECHNICAL ANALYSIS​
GBPUSD

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AA.png
TRADE SUGGESTION- SELL AT 1.2075, TAKE PROFIT AT 1.2042 AND STOP LOSS AT 1.2120

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TECHNICAL ANALYSIS REPORT – 11 AUGUST 2022​

U.S. FUTURES HIGHER AS CPI (JULY) COOLING FROM A 41YR HIGH ​
Asia-Pacific stocks rallied on Thursday. The Shanghai Composite is up 1.18% at 3,268.02. Overall, the Singapore MSCI is up 0.98% at 308.15. Over in Hong Kong, the Hang Seng Index is up 1.91% at 19,940.00. In Japan, the Nikkei 225 is up 1.19% at 28,120.00, while the Topix index is up 1.06% at 1953.50. South Korea’s Kospi is up 1.31% at 2,513.42. Australia S&P/ASX 200 up 0.88% at 7054.60.

Top News of the Day:

U.S. stock futures were trading slightly higher during Wednesday’s evening deals, following a strong rally among major benchmark average during regular trade as highly anticipated inflation data eased slightly from 41-year highs.

On the data front, the headline consumer price index for July came in at 8.5%, below 8.7% expected and cooling from 41-year highs, sparking speculation of less aggressive rate hikes at the U.S. Federal Reserve’s next meeting.

Market Summary as per 10/08/2022:

European equities Wednesday closing. The DAX futures contract in Germany traded up 1.23% at 13,700.93, CAC 40 futures up 0.52% at 6523.45 and the UK 100 futures contract in the U.K. up 0.25% at 7,507.12.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed up 1.63% at 33309.52. The S&P 500 up 2.13% at 4210.23 and the Nasdaq 100 up 2.85% at 13378.32, NYSE closes up 1.89% at 15552.70

TECHNICAL ANALYSIS​
GBPUSD

LwibTMZKWXT6_EN_THHrZa8zmDqNDB-9bMPxF8NkSRTr5RpYsm3R4RlKPHfdcq5RLrtWDQpz3rcmPgZKFhgogZA07cbzyb4yylcqn1jA1D_YVeoV23msllCvwUkwfIuRMK2qLOIhXC7NGifvKXDHmQ
11.png
TRADE SUGGESTION- BUY AT 1.2187, TAKE PROFIT AT 1.2234 AND STOP LOSS AT 1.2127​

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TECHNICAL ANALYSIS REPORT – 12 AUGUST 2022​

WALLSTREET LOWER ON THE EXPECTATION THAT FED STILL NEEDS AN INTEREST RATE HIKE

Asia-Pacific stocks tracked Wall Street losses and the yen fell on Friday. The Shanghai Composite is down 0.11% at 3,278.39. Overall, the Singapore MSCI is down 0.03% at 308.45. Over in Hong Kong, the Hang Seng Index is up 0.61% at 20,150.00. In Japan, the Nikkei 225 is up 2.63% at 28,510.00, while the Topix index is up 2.07% at 1972.50. South Korea’s Kospi is up 0.11% at 2,526.55. Australia S&P/ASX 200 down 0.65% at 7024.90.

Top News of the Day:

The Nasdaq and S&P 500 retreated to close lower on Thursday on the realization the Federal Reserve still needs to aggressively boost interest rates to fully tame rising consumer prices despite fresh evidence of cooling inflation.

The S&P 500 closed a tad lower after earlier hitting fresh three-month highs following data that showed the U.S. producer price index (PPI) unexpectedly fell in July.

Market Summary as per 11/08/2022:

European equities Thursday closing. The DAX futures contract in Germany traded down 0.05% at 13,694.51, CAC 40 futures up 0.33% at 6544.68 and the UK 100 futures contract in the U.K. down 0.55% at 7,465.92.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.08% at 33336.68. The S&P 500 down 0.07% at 4207.28 and the Nasdaq 100 down 0.65% at 13291.99, NYSE closes up 0.32% at 15602.92


TECHNICAL SUMMARY​
GBPUSD

Technical Analysis
Technical Analysis
TRADE SUGGESTION- BUY AT 1.2196, TAKE PROFIT AT 1.2234 AND STOP LOSS AT 1.2165


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TECHNICAL ANALYSIS REPORT – 15 AUGUST 2022​

A WEEK WITH A CAUTIOUS NOTE AFTER CHINESE WEAK ECONOMIC DATA

Asian shares were mixed on Monday. The Shanghai Composite is down 0.03% at 3,275.79. Overall, the Singapore MSCI is down 0.18% at 307.85. Over in Hong Kong, the Hang Seng Index is down 0.22% at 20,084.00. In Japan, the Nikkei 225 is up 1.12% at 28,860.00, while the Topix index is up 0.48% at 1984.00. South Korea’s Kospi is up 0.16% at 2,527.94. Australia S&P/ASX 200 up 0.45% at 7064.30.

Top News of the Day:

European stock markets are expected to open in a mixed fashion Monday, starting the week on a cautious note amid concerns about slowing global growth after weak Chinese economic data.

Economic data released earlier Monday showed China’s economic growth rate unexpectedly slowing in July, prompting the country’s central bank to cut key lending rates in a surprise move.

Market Summary as per 12/08/2022:

European equities Friday closing. The DAX futures contract in Germany traded up 0.74% at 13,795.85, CAC 40 futures up 0.14% at 6553.87 and the UK 100 futures contract in the U.K. up 0.47% at 7,500.90.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed up 1.27% at 33761.06. The S&P 500 up 1.73% at 4280.14 and the Nasdaq 100 up 2.06% at 13565.87, NYSE closes up 1.29% at 15804.38

TECHNICAL SUMMARY​
GBPUSD

Technical Analysis
Technical Analysis
TRADE SUGGESTION- SELL AT 1.2100, TAKE PROFIT AT 1.2061 AND STOP LOSS AT 1.2135


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TECHNICAL ANALYSIS REPORT – 16 AUGUST 2022​

Bond Yields slump as Empire State Index Suggests Further Slowdown

Asia Pacific stocks rose on Tuesday. The Shanghai Composite is up 0.03% at 3,277.10. Overall, the Singapore MSCI is down 0.24% at 306.85. Over in Hong Kong, the Hang Seng Index is down 0.59% at 19,915.00. In Japan, the Nikkei 225 is up 0.03% at 28,870.00, while the Topix index is down 0.13% at 1981.50. South Korea’s Kospi is up 0.23% at 2,533.81. Australia S&P/ASX 200 up 0.53% at 7101.50.

Top News of the Day:

U.S. manufacturing looks likely to have slowed much more sharply than thought over the last month, as a closely-watched regional activity index posted its sharpest fall in over two years in August.

The Empire State Manufacturing index, compiled by the New York Federal Reserve, fell to -31.3 from 11.1 in July, its lowest level since May 2020 and its sharpest monthly drop since the early days of the pandemic.

Market Summary as per 15/08/2022:

European equities Monday closing. The DAX futures contract in Germany traded up 0.15% at 13,816.61, CAC 40 futures up 0.25% at 6569.96 and the UK 100 futures contract in the U.K. up 0.11% at 7,509.14.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.45% at 33912.45. The S&P 500 up 0.40% at 4297.15 and the Nasdaq 100 up 0.75% at 13667.18, NYSE closes down 0.06% at 15794.32

TECHNICAL SUMMARY​
GBPUSD

Technical Analysis
Technical Analysis
TRADE SUGGESTION- SELL AT 1.2046, TAKE PROFIT AT 1.2036 AND STOP LOSS AT 1.2058

VIEW FULL REPORT VISIT - CAPITALSTREETFX (https://www.capitalstreetfx.com/en/technicalanalysis/technical-analysis-report-16-august-2022/)

TESLA PRICE TECHNICAL ANALYSIS​

TESLA TECHNICAL ANALYSIS: WEEKLY CHART​
TESLA Price Technical Analysis
In the weekly charts, TESLA is trading in down channel. TESLA is currently trading above all SMA.

RSI is in buying zone which indicates bullishness. MACD is currently below zero which indicates bearishness.

Its immediate support is 876.52 & the resistance level is at 970.65.

TESLA will trade in down channel until there is trend reversal.

TESLA TECHNICAL ANALYSIS: DAILY CHART​

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TECHNICAL ANALYSIS REPORT – 19 AUGUST 2022​

CHIP STOCKS PUSHED TECH HIGHER VANISH FED NEXT MONTH RATE HIKE NEWS

Asia Pacific stocks moved little on Friday. The Shanghai Composite is down 0.59% at 3,258.07. Overall, the Singapore MSCI is down 1.53% at 295.60. Over in Hong Kong, the Hang Seng Index is down 0.07% at 19,720.00. In Japan, the Nikkei 225 is down 0.03% at 28,930.00, while the Topix index is up 0.30% at 1995.50. South Korea’s Kospi is down 0.61% at 2,492.69. Australia S&P/ASX 200 up 0.02% at 7114.50.

Top News of the Day:

The Dow eked out a gain Thursday, to remain on course for a fifth-straight weekly gain as rallying chip stocks pushed tech higher even as a Federal Reserve official talked up the idea of another large rate hike next month.

Energy stocks also played a big role in the broader market climb as oil prices continued to ride, easing fears of the U.S. recession higher. Data on Thursday showed the labour market remained robust and manufacturing activity rebounded.

Market Summary as per 18/08/2022:

European equities Thursday closing. The DAX futures contract in Germany traded down 0.72% at 13,598.74, CAC 40 futures down 0.34% at 6535.34 and the UK 100 futures contract in the U.K. down 0.23% at 7,524.28.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.06% at 33999.05. The S&P 500 up 0.23% at 4283.73 and the Nasdaq 100 up 0.26% at 13505.99, NYSE closes up 0.19% at 15763.89

TECHNICAL SUMMARY​
GBPUSD

Technical Analysis
Technical Analysis
TRADE SUGGESTION- SELL AT 1.1914, TAKE PROFIT AT 1.1899 AND STOP LOSS AT 1.1927

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TECHNICAL ANALYSIS REPORT – 22 AUGUST 2022​

OIL PRICES FALL AFTER THREE DAYS OF GAINING LEAGUE

Asian Pacific shares slipped on Monday. The Shanghai Composite is up 0.57% at 3,276.76. Overall, the Singapore MSCI is up 0.17% at 296.00. Over in Hong Kong, the Hang Seng Index is down 0.04% at 19,714.00. In Japan, the Nikkei 225 is down 0.76% at 28,710.00, while the Topix index is down 0.38% at 1988.00. South Korea’s Kospi is down 1.21% at 2,462.50. Australia S&P/ASX 200 down 0.95% at 7046.90.

Top News of the Day:

Oil prices slumped on Monday, ending three days of gains, as investors were concerned aggressive U.S. interest rate hikes will weaken the global economy and dent fuel demand while a strengthening dollar also added to pressure.

Both Brent and WTI climbed for a third straight day on Friday, but fell about 1.5% for the week on a stronger dollar and demand fears.

Market Summary as per 19/08/2022:

European equities Friday closing. The DAX futures contract in Germany traded down 1.12% at 13,544.52, CAC 40 futures down 0.94% at 6495.84 and the UK 100 futures contract in the U.K. up 0.11% at 7,550.38.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.86% at 33706.75. The S&P 500 down 1.29% at 4228.49 and the Nasdaq 100 down 1.95% at 13242.90, NYSE closes down 1.11% at 15588.31

TECHNICAL SUMMARY​
GBPUSD

Technical Analysis
Technical Analysis
TRADE SUGGESTION- SELL AT 1.1802, TAKE PROFIT AT 1.1800 AND STOP LOSS AT 1.1804

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TECHNICAL ANALYSIS REPORT – 23 AUGUST 2022​

GAS PRICES SURGED 13% OVERNIGHT IN THE EUROPEAN UNION

Asian Pacific shares were down for a seventh straight session on Tuesday. The Shanghai Composite is down 0.18% at 3,271.98. Overall, the Singapore MSCI is down 1.66% at 290.55. Over in Hong Kong, the Hang Seng Index is down 1.17% at 19,364.00. In Japan, the Nikkei 225 is down 1.11% at 28,390.00, while the Topix index is down 1.01% at 1968.00. South Korea’s Kospi is down 1.10% at 2,435.34. Australia S&P/ASX 200 down 1.21% at 6961.80.

Top News of the Day:

A winter with impending energy shortages is rapidly coming, inflation is on the verge of double digits, and the European Central Bank has begun a cycle of tightening financial conditions. Worryingly, this outlook is still likely to get worse before any significant improvement well into 2023.

Benchmark gas prices in the European Union surged 13% overnight to a record peak, having doubled in just a month to be 14 times higher than the average of the past decade.

Market Summary as per 22/08/2022:

European equities Monday closing. The DAX futures contract in Germany traded down 2.32% at 13,230.57, CAC 40 futures down 1.80% at 6378.75 and the UK 100 futures contract in the U.K. down 0.22% at 7,533.80.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed down 1.91% at 33063.62. The S&P 500 down 2.14% at 4138.00 and the Nasdaq 100 down 2.66% at 12890.54, NYSE closes down 1.58% at 15341.84.

TECHNICAL SUMMARY​
GBPUSD

Technical Analysis
Technical Analysis
TRADE SUGGESTION- SELL AT 1.1771, TAKE PROFIT AT 1.1757 AND STOP LOSS AT 1.1789

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TECHNICAL ANALYSIS REPORT BY OUR EXPERT – 29 AUGUST 2022​

U.S. DOLLAR INDEX SURGED TO 20 YR HIGH​
Asian Pacific stock markets tumbled on Monday after hawkish comments from Fed. The Shanghai Composite is down 0.14% at 3,231.74. Overall, the Singapore MSCI is down 1.85% at 288.70. Over in Hong Kong, the Hang Seng Index is down 0.48% at 20,029.00. In Japan, the Nikkei 225 is down 2.66% at 27,850.00, while the Topix index is down 1.79% at 1944.13. South Korea’s Kospi is down 2.09% at 2,429.68. Australia S&P/ASX 200 down 1.93% at 6966.90.
Top News of the Day:

The U.S dollar surged to a 20-year high against a basket of currencies on Monday after Federal Reserve Chair Jerome Powell signalled interest rates would be kept higher for longer to bring down soaring inflation.

The dollar index scaled to a fresh two-decade peak of 109.44 in the Asia trade, with greenback strength pushing other major currencies to new lows and putting pressure on its emerging markets counterparts.

Market Summary as per 26/08/2022:

European equities Friday closing. The DAX futures contract in Germany traded down 2.26% at 12,971.47, CAC 40 futures down 1.68% at 6274.27 and the UK 100 futures contract in the U.K. down 0.70% at 7,427.32.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed down 3.03% at 32283.41. The S&P 500 down 3.37% at 4057.66 and the Nasdaq 100 down 4.10% at 12605.17, NYSE closes down 2.67% at 15178.20.

TECHNICAL SUMMARY​
Forex Technical Analysis

GBPUSD


TRADE SUGGESTION- SELL AT 1.1660, TAKE PROFIT AT 1.1653 AND STOP LOSS AT 1.1668

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TECHNICAL ANALYSIS REPORT BY OUR EXPERT – 30 AUGUST 2022​

OIL PRICES DIPPED IN FEAR OF INTEREST HIKE​

Asian Pacific markets were mixed as concerns over a hawkish U.S. Federal Reserve persisted. The Shanghai Composite is down 0.75% at 3,216.42. Overall, the Singapore MSCI is up 0.55% at 291.40. Over in Hong Kong, the Hang Seng Index is down 1.44% at 19,739.00. In Japan, the Nikkei 225 is up 1.04% at 28,200.00, while the Topix index is up 1.21% at 1968.00. South Korea’s Kospi is up 0.94% at 2,449.34. Australia S&P/ASX 200 down 0.67% at 4030.60.

TOP NEWS OF THE DAY:​

Oil prices dipped on Tuesday, paring some gains from the previous session, as the market feared that more aggressive interest rates hike from central banks may lead to a global economic slowdown and soften fuel demand.

Inflation is near double-digit territory in many of the world’s biggest economies, a level not seen in close to a half-century, which could prompt central banks in the United States and Europe to resort to more aggressive interest rate hikes.

Market Summary As Per 29/08/2022:​

European equities Monday closing. The DAX futures contract in Germany traded down 0.61% at 12,892.99, CAC 40 futures down 0.83% at 6222.29 and the UK 100 futures contract in the U.K. down 0.70% at 7,427.32.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.57% at 32099.00. The S&P 500 down 0.67% at 4030.60 and the Nasdaq 100 down 0.96% at 12484.32, NYSE closes down 0.39% at 15118.84.


TECHNICAL SUMMARY​
Forex Technical Analysis​
GBPUSD

Technical Analysis
Technical Analysis
TRADE SUGGESTION- SELL AT 1.1702, TAKE PROFIT AT 1.1684 AND STOP LOSS AT 1.1731

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TECHNICAL ANALYSIS REPORT BY OUR EXPERT – 31 AUGUST 2022​

GOLD SET FOR THE FIFTH MONTH OF LOSSES

Asian Pacific markets extended the global stocks selloff on Wednesday. The Shanghai Composite is down 0.75% at 3,202.94. Overall, the Singapore MSCI is down 1.03% at 289.30. Over in Hong Kong, the Hang Seng Index is up 0.07% at 19,885.00. In Japan, the Nikkei 225 is down 0.53% at 28,040.00, while the Topix index is down 0.41% at 1959.00. South Korea’s Kospi is up 0.74% at 2,469.12. Australia S&P/ASX 200 down 0.24% at 6981.80.
TOP NEWS OF THE DAY:​
Gold prices fell on Wednesday and were set for a fifth straight month of losses amid fears of aggressive policy tightening by the Federal Reserve, while copper rose as Chinese manufacturing activity improved slightly in August. The data also comes ahead of U.S. nonfarm payrolls, due on Friday. A strong reading is likely to sway the Fed towards more aggressive policy tightening.

MARKET SUMMARY AS PER 30/08/2022:​
European equities Tuesday closing. The DAX futures contract in Germany traded up 0.53% at 12,961.14, CAC 40 futures down 0.19% at 6210.23 and the UK 100 futures contract in the U.K. down 0.88% at 7,361.64.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.96% at 31790.88. The S&P 500 down 1.10% at 3986.15 and the Nasdaq 100 down 1.13% at 12342.70, NYSE closes down 1.24% at 14931.42.

TECHNICAL SUMMARY​
Forex Technical Analysis​
GBPUSD

technical analysis
technical analysis
TRADE SUGGESTION- SELL AT 1.1688, TAKE PROFIT AT 1.1653 AND STOP LOSS AT 1.1730

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TECHNICAL ANALYSIS REPORT BY OUR EXPERT – 01 SEPTEMBER 2022​

Russia’s fresh gas stop worsens Europe’s energy crisis​

Asian Pacific markets fell sharply on Thursday amid growing signs of weakness in China’s manufacturing sector. The Shanghai Composite is down 0.03% at 3,201.23. Overall, the Singapore MSCI is up 0.35% at 289.70. Over in Hong Kong, the Hang Seng Index is down 1.39% at 19,549.00. In Japan, the Nikkei 225 is down 1.74% at 27,630.00, while the Topix index is down 1.30% at 1936.50. South Korea’s Kospi is down 1.79% at 2,427.86. Australia S&P/ASX 200 down 1.60% at 6875.30.
TOP NEWS OF THE DAY:​
Russia halted gas supplies via Europe’s key supply route on Wednesday, intensifying an economic battle between Moscow and Brussels and raising the prospects of recession and energy rationing in some of the region’s richest countries.

European governments fear Moscow could extend the outage in retaliation for Western sanctions imposed after it invaded Ukraine and have accused Russia of using energy supplies as a “weapon of war”. Moscow denies doing this and has cited technical reasons for supply cuts.

MARKET SUMMARY AS PER 31/08/2022:​
European equities Wednesday closing. The DAX futures contract in Germany traded down 0.97% at 12,834.96, CAC 40 futures down 1.37% at 6125.10 and the UK 100 futures contract in the U.K. down 1.05% at 7,284.16.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.88% at 31510.44. The S&P 500 down 0.78% at 3954.99 and the Nasdaq 100 down 0.57% at 12272.03, NYSE closes down 0.87% at 14801.24.

TECHNICAL SUMMARY​
Forex Technical Analysis​
GBPUSD

Technical Analysis
Technical Analysis
TRADE SUGGESTION– SELL AT 1.1585, TAKE PROFIT AT 1.1566 AND STOP LOSS AT 1.1591


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TECHNICAL ANALYSIS REPORT BY OUR EXPERT – 02 SEPTEMBER 2022​

U.S. JOBLESS CLAIMS FALL TO 232,000​

Asian Pacific markets were mixed on Friday. The Shanghai Composite is down 0.03% at 3,183.86. Overall, the Singapore MSCI is down 0.57% at 286.95. Over in Hong Kong, the Hang Seng Index is down 1.08% at 19,285.00. In Japan, the Nikkei 225 is down 0.04% at 27,630.00, while the Topix index is down 0.31% at 1928.50. South Korea’s Kospi is down 0.39% at 2,406.10. Australia S&P/ASX 200 down 0.19% at 6832.60.

TOP NEWS OF THE DAY:​

The number of Americans filing for unemployment insurance unexpectedly dropped last week, according to Labor Department data on Thursday, hinting at lingering tightness in the country’s job market.

Seasonally adjusted initial jobless claims totalled 232,000 in the week ending August 27, a decrease of 5,000 compared to the prior level. Economists had anticipated the reading to climb to 248,000.

MARKET SUMMARY AS PER 01/09/2022:​

European equities Thursday closing. The DAX futures contract in Germany traded down 1.60% at 12,630.23, CAC 40 futures down 1.48% at 6034.32 and the UK 100 futures contract in the U.K. down 1.86% at 7,148.51.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.46% at 31656.43. The S&P 500 up 0.30% at 3966.86 and the Nasdaq 100 up 0.02% at 12274.62, NYSE closes down 0.20% at 14771.89.


TECHNICAL SUMMARY​
Forex Technical Analysis =>​
GBPUSD Technical Analysis​
Technical Analysis
Technical Analysis
TRADE SUGGESTION- SELL AT 1.1538, TAKE PROFIT AT 1.1531 AND STOP LOSS AT 1.1550

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TECHNICAL ANALYSIS REPORT BY OUR EXPERT – 05 SEPTEMBER 2022​

OIL PRICES UP $2/BBL AHEAD OF OPEC+ MEETING​

Asian Pacific markets fell after strong U.S. jobs data raised the prospect of more steep interest rate hikes by the Federal Reserve. The Shanghai Composite is up 0.19% at 3,192.47. Overall, the Singapore MSCI is up 0.52% at 288.65. Over in Hong Kong, the Hang Seng Index is down 1.28% at 19,143.00. In Japan, the Nikkei 225 is down 0.07% at 27,640.00, while the Topix index is up 0.16% at 1930.00. South Korea’s Kospi is down 0.24% at 2,403.68. Australia S&P/ASX 200 up 0.34% at 6852.20.

Top News of the Day:

Oil prices rose more than $2 a barrel on Monday, extending gains as investors eyed possible moves by OPEC+ producers to cut output and support prices at a meeting later in the day.

At their meeting later on Monday, the Organization of the Petroleum Exporting Countries (OPEC) and its allies, a group known as OPEC+, may decide to keep current output levels or even cut production to bolster prices, despite supplies remaining tight.

Market Summary as per 02/09/2022:

European equities Friday closing. The DAX futures contract in Germany traded up 3.33% at 13,050.27, CAC 40 futures down 1.73% at 6061.03 and the UK 100 futures contract in the U.K. down 0.65% at 7,234.88.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed down 1.07% at 31318.45. The S&P 500 down 1.07% at 3924.27 and the Nasdaq 100 down 1.44% at 12098.44, NYSE closes down 0.56% at 14689.50.

TECHNICAL SUMMARY​
GBPUSD TECHNICAL ANALYSIS​
Technical Analysis
Technical Analysis
TRADE SUGGESTION- SELL AT 1.1462, TAKE PROFIT AT 1.1444 AND STOP LOSS AT 1.1475

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TECHNICAL ANALYSIS REPORT BY OUR EXPERT – 06 SEPTEMBER 2022​

RUSSIA CLOSED DOWN NORD STREAM 1 PIPELINE​
Asian Pacific markets down on Tuesday. The Shanghai Composite is up 1.14% at 3,236.63. Overall, the Singapore MSCI is down 0.28% at 287.95. Over in Hong Kong, the Hang Seng Index is down 0.08% at 19,135.00. In Japan, the Nikkei 225 is down 0.04% at 27,630.00, while the Topix index is down 0.13% at 1928.00. South Korea’s Kospi is up 0.18% at 2,408.05. Australia S&P/ASX 200 down 0.29% at 6832.50.
TOP NEWS OF THE DAY:​
Europe’s energy emergency deepened after Russia closed down the Nord Stream 1 pipeline to Germany late on Friday, raising fears that the continent will have to do without natural gas from its biggest supplier this winter. Russia attributed the shutdown to technical problems that required maintenance.

The developments make a deeper recession and a higher peak in inflation likely, with natural gas and electricity prices surging again and the euro falling to a new 20-year low against the dollar.

MARKET SUMMARY AS PER 05/09/2022:​
European equities Monday closing. The DAX futures contract in Germany traded down 2.22% at 12,760.78, CAC 40 futures down 1.20% at 6093.23 and the UK 100 futures contract in the U.K. up 0.09% at 7,287.42.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed down 1.07% at 31318.45. The S&P 500 down 1.07% at 3924.27 and the Nasdaq 100 down 1.44% at 12098.44, NYSE closes down 0.56% at 14689.50.

TECHNICAL SUMMARY​

GBPUSD TECHNICAL ANALYSIS​

Technical Analysis
Technical Analysis

TRADE SUGGESTION- SELL AT 1.1591, TAKE PROFIT AT 1.1493 AND STOP LOSS AT 1.1685

VIEW FULL REPORT VISIT - CAPITALSTREETFX (https://www.capitalstreetfx.com/en/technicalanalysis/technical-analysis-report-by-our-expert-06-september-2022/)

TECHNICAL ANALYSIS REPORT BY OUR EXPERT – 07 SEPTEMBER 2022​

ASIAN MARKETS SANK AFTER WEAK CHINESE TRADE DATA​

Asian Pacific stock markets sank on Wednesday. The Shanghai Composite is down 0.01% at 3,242.96. Overall, the Singapore MSCI is down 1.07% at 285.30. Over in Hong Kong, the Hang Seng Index is down 1.56% at 18,839.00. In Japan, the Nikkei 225 is down 0.87% at 27,360.00, while the Topix index is down 0.65% at 1912.00. South Korea’s Kospi is down 1.55% at 2,372.62. Australia S&P/ASX 200 down 1.51% at 6723.10.

Top News of the Day:

Most Asian stock markets sank on Wednesday amid growing fears of more monetary policy tightening by the Fed, while weaker-than-expected Chinese trade data also weighed on sentiment.

Tech-heavy Taiwan and Hong Kong stocks were the worst performers in the region, losing 1.6% and 1.8%, respectively, amid jitters over rising U.S. interest rates.

Market Summary as per 06/09/2022:

European equities Tuesday closing. The DAX futures contract in Germany traded up 0.87% at 12,871.44, CAC 40 futures up 0.19% at 6104.62 and the UK 100 futures contract in the U.K. up 0.18% at 7,300.45.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.55% at 31145.31. The S&P 500 down 0.41% at 3908.20 and the Nasdaq 100 down 0.72% at 12011.31, NYSE closes down 0.39% at 14631.51.

TECHNICAL SUMMARY​
GBPUSD Technical Analysis​
Technical Analysis
Technical Analysis
TRADE SUGGESTION- SELL AT 1.1474, TAKE PROFIT AT 1.1448 AND STOP LOSS AT 1.1497

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TECHNICAL ANALYSIS REPORT BY OUR EXPERT – 08 SEPTEMBER 2022​

FED ANTICIPATES “WEAK” GROWTH AS CONSUMER PRICES RISE​

Asian Pacific made broad gains on Thursday. The Shanghai Composite is down 0.15% at 3,241.41. Overall, the Singapore MSCI is up 0.94% at 288.90. Over in Hong Kong, the Hang Seng Index is down 0.32% at 18,940.00. In Japan, the Nikkei 225 is up 1.97% at 28,000.00, while the Topix index is up 0.78% at 1933.00. South Korea’s Kospi is up 0.35% at 2,384.77. Australia S&P/ASX 200 up 1.58% at 6835.80.
Top News of the Day:

The outlook for future economic growth remains “generally weak” at a time when rising food and rent prices have forced consumers to switch spending to essentials, according to the Federal Reserve’s Beige Book released Wednesday.

While there have been signs of a “moderation” in the pace of inflation, price levels remained “highly elevated,” according to the report.

Market Summary as per 07/09/2022:

European equities Wednesday closing. The DAX futures contract in Germany traded up 0.35% at 12,915.97, CAC 40 futures up 0.02% at 6105.93 and the UK 100 futures contract in the U.K. down 0.86% at 7,237.84.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed up 1.40% at 31581.29. The S&P 500 up 1.83% at 3979.88 and the Nasdaq 100 up 2.07% at 12259.39, NYSE closes up 1.46% at 14844.56.

TECHNICAL SUMMARY​
GBPUSD Technical Analysis​
Technical Analysis
Technical Analysis
TRADE SUGGESTION- SELL AT 1.1516, TAKE PROFIT AT 1.1495 AND STOP LOSS AT 1.1546


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TECHNICAL ANALYSIS REPORT BY OUR EXPERT – 09 SEPTEMBER 2022​

ECB KEY RATE HIKE BY 75 BASIS POINT​

Asian Pacific stock markets rose on Friday. The Shanghai Composite is up 0.79% at 3,261.08. Overall, the Singapore MSCI is up 1.07% at 291.80. Over in Hong Kong, the Hang Seng Index is up 2.62% at 19,342.00. In Japan, the Nikkei 225 is down 0.11% at 28,000.00, while the Topix index is up 0.49% at 1946.00. South Korea’s Kospi is up 0.33% at 2,384.28. Australia S&P/ASX 200 up 0.66% at 6894.20.
Top News of the Day:

The European Central Bank raised its three official interest rates by 75 basis points each, its biggest ever single move in interest rates, and warned of more hikes to come, as it struggles to bring record high inflation back under control.

The Frankfurt-based central bank raised its key deposit rate, which provides the effective floor for money-market rates, to 0.75%, while the refinancing rate rose to 1.25% and the overnight lending rate to 1.50%.

Market Summary as per 08/09/2022:

European equities Thursday closing. The DAX futures contract in Germany traded down 0.09% at 12,904.32, CAC 40 futures up 0.33% at 6125.91 and the UK 100 futures contract in the U.K. up 0.33% at 7,262.05.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.61% at 31774.53. The S&P 500 up 0.66% at 4006.19 and the Nasdaq 100 up 0.50% at 12321.19, NYSE closes up 0.79% at 14961.76.

TECHNICAL SUMMARY​
GBPUSD TECHNICAL ANALYSIS​
O1K43Lsgd1_jp1T8OdoJCtvpg4-iGk3YT0-rxj7eTBaEP4UX_D6DukydD7HD7jvkatlxhosZcoDyCnSzoByCA2QVJlEDsKuGTSPgOclkYvfAPLA1bXOmuLSKhSBoL_bVOMXsIzzvKs1zQK79Dp5A9SAnoUTMZeA3ZL0O5HvVf6T5IVYkn_Lm6P2SJwD5lNrcsfdd4Q

TRADE SUGGESTION- SELL AT 1.1614, TAKE PROFIT AT 1.1493 AND STOP LOSS AT 1.1685

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TECHNICAL ANALYSIS REPORT BY OUR EXPERT – 12 SEPTEMBER 2022​

U.S. FUTURES RISE FOLLOWING SUCCESSFUL WEEK​

Asian Pacific stock markets rose on Monday. The Shanghai Composite is up 0.82% at 3,262.05. Overall, the Singapore MSCI is up 1.01% at 295.95. Over in Hong Kong, the Hang Seng Index is down 0.51% at 19,264.00. In Japan, the Nikkei 225 is up 1.00% at 28,280.00, while the Topix index is up 0.62% at 1959.50. South Korea’s Kospi is up 0.33% at 2,384.28. Australia S&P/ASX 200 up 1.02% at 6964.60.
Top News of the Day:

U.S. stock futures were trading higher during Sunday’s evening deals, after major benchmark averages snapped three consecutive weeks of decline while market participants look ahead to key inflation data set to be released later in the week.

Ahead in the week, investors will be closely monitoring August’s consumer price index print, with annual inflation expected to slow to 8.1% from 8.5%, while monthly inflation may fall by 0.1% to the first decline since May 2020.

Market Summary as per 09/09/2022:

European equities Friday closing. The DAX futures contract in Germany traded up 1.43% at 13,088.21, CAC 40 futures up 1.41% at 6212.34 and the UK 100 futures contract in the U.K. up 1.23% at 7,351.08.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed up 1.19% at 32151.72. The S&P 500 up 1.53% at 4067.35 and the Nasdaq 100 up 2.17% at 12588.29, NYSE closes up 1.53% at 15190.78.


GBPUSD TECHNICAL ANALYSIS​
Technical Analysis
Technical Analysis
TRADE SUGGESTION- BUY AT 1.1642, TAKE PROFIT AT 1.1696 AND STOP LOSS AT 1.1607

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TECHNICAL ANALYSIS REPORT BY OUR EXPERT – 13 SEPTEMBER 2022​

OIL SLIPS DUE TO LOW DEMAND FEAR​

Asian Pacific stock markets rose slightly on Tuesday. The Shanghai Composite is up 0.07% at 3,264.33. Overall, the Singapore MSCI is up 0.99% at 299.45. Over in Hong Kong, the Hang Seng Index is up 0.40% at 19,438.00. In Japan, the Nikkei 225 is up 0.50% at 28,400.00, while the Topix index is up 0.43% at 1966.00. South Korea’s Kospi is up 2.87% at 2,452.69. Australia S&P/ASX 200 up 0.71% at 7013.70.
Top News of the Day:

Oil prices fell in choppy trade on Tuesday as traders feared more headwinds to demand from COVID lockdowns in China, with a focus now turning to the OPEC’s monthly outlook report due later in the day.

A series of COVID lockdowns in China, the world’s largest crude importer, has spurred a severe decline in oil imports to the country this year, threatening to turn Chinese oil demand negative.

Market Summary as per 12/09/2022:

European equities Monday closing. The DAX futures contract in Germany traded up 2.40% at 13,402.27, CAC 40 futures up 1.95% at 6333.60 and the UK 100 futures contract in the U.K. up 1.66% at 7,473.04.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.71% at 32381.35. The S&P 500 up 1.06% at 4110.42 and the Nasdaq 100 up 1.20% at 12739.72, NYSE closes up 1.06% at 15352.18.


TECHNICAL SUMMARY​
GBPUSD TECHNICAL ANALYSIS​
Technical Analysis
Technical Analysis
TRADE SUGGESTION- BUY AT 1.1705, TAKE PROFIT AT 1.1757 AND STOP LOSS AT 1.1644

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FUNDAMENTAL AND TECHNICAL ANALYSIS REPORT – 14 SEPTEMBER 2022​

BOJ PREPARING FOR INTERVENTION IN FX RATES

Asia Pacific stock markets logged sharp losses on Wednesday. The Shanghai Composite is down 1.08% at 3,228.63. Overall, the Singapore MSCI is down 1.94% at 293.45. Over in Hong Kong, the Hang Seng Index is down 2.46% at 18,842.00. In Japan, the Nikkei 225 is down 2.71% at 27,630.00, while the Topix index is down 1.79% at 1951.07. South Korea’s Kospi is down 1.60% at 2,410.42. Australia S&P/ASX 200 down 2.41% at 6841.40.

Top News of the Day:

The Bank of Japan has conducted a rate check-in in apparent preparation for currency intervention, the Nikkei newspaper reported on Wednesday, as policymakers stepped up warnings about sharp falls in the yen.

The yen rose slightly from a near 24-year low against the dollar after the report, which cited unidentified sources, and was trading around 143.89 at 0520 GMT.

Market Summary as per 13/09/2022:

European equities Tuesday closing. The DAX futures contract in Germany traded down 1.59% at 13,188.95, CAC 40 futures down 1.39% at 6245.69 and the UK 100 futures contract in the U.K. down 1.17% at 7,385.86.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed down 3.94% at 31104.98. The S&P 500 down 4.32% at 3932.68 and the Nasdaq 100 down 5.54% at 12033.62, NYSE closes down 3.46% at 14820.79.

TECHNICAL ANALYSIS​
GBPUSD TECHNICAL ANALYSIS​
Technical Analysis
Technical Analysis
TRADE SUGGESTION- SELL AT 1.1482, TAKE PROFIT AT 1.1457 AND STOP LOSS AT 1.1521


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FUNDAMENTAL AND TECHNICAL ANALYSIS REPORT – 15 SEPTEMBER 2022​

European Stock Futures Slip Lower Due To Fragile Sentiment

Asian Pacific steadied from recent losses on Thursday. The Shanghai Composite is down 1.36% at 3,193.46. Overall, the Singapore MSCI is up 0.05% at 293.40. Over in Hong Kong, the Hang Seng Index is up 0.36% at 18,875.00. In Japan, the Nikkei 225 is up 0.11% at 27,680.00, while the Topix index is up 0.29% at 1933.00. South Korea’s Kospi is down 0.40% at 2,401.83. Australia S&P/ASX 200 up 0.21% at 6842.90.

Top News of the Day:

European stock markets are expected to open largely marginally lower Thursday, stabilizing after losses earlier in the week, but sentiment remains fragile as investors fret about the impact of tightening monetary policy as economic growth slows.
European stocks will receive the benefit of modest gains on Wall Street late Wednesday and in Asia overnight, but a meaningful near-term recovery is unlikely.

Market Summary as per 14/09/2022:

European equities Wednesday closing. The DAX futures contract in Germany traded down 1.22% at 13,028.00, CAC 40 futures down 0.37% at 6222.42 and the UK 100 futures contract in the U.K. down 1.47% at 7,277.31.
In the U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.10% at 31135.10. The S&P 500 up 0.34% at 3946.02 and the Nasdaq 100 up 0.84% at 12134.40, NYSE closes up 0.15% at 14843.21.

TECHNICAL ANALYSIS​
GBPUSD TECHNICAL ANALYSIS​
Technical Analysis
Technical Analysis
TRADE SUGGESTION- SELL AT 1.1523, TAKE PROFIT AT 1.1478 AND STOP LOSS AT 1.1547


VIEW FULL REPORT VISIT - CAPITALSTREETFX (https://www.capitalstreetfx.com/en/technicalanalysis/fundamental-and-technical-analysis-report-15-september-2022/)

FUNDAMENTAL AND TECHNICAL ANALYSIS REPORT – 16 SEPTEMBER 2022​

Street Falls Down Amid Fed Fears And Economic Rumblings​

Asian Pacific markets tumbled on Friday. The Shanghai Composite is down 1.45% at 3,153.54. Overall, the Singapore MSCI is down 0.68% at 291.10. Over in Hong Kong, the Hang Seng Index is down 0.25% at 18,817.00. In Japan, the Nikkei 225 is down 1.16% at 27,360.00, while the Topix index is down 0.72% at 1919.00. South Korea’s Kospi is down 1.01% at 2,377.04. Australia S&P/ASX 200 down 1.36% at 6749.50.

Top News of the Day:

Wall Street ended sharply lower on Thursday, extending its losses in late afternoon trading as a raft of economic data failed to alter the expected course of aggressive tightening by the Federal Reserve amid growing warnings of global recession.

Market Summary as per 15/09/2022:

European equities Thursday closing. The DAX futures contract in Germany traded down 0.55% at 12,956.66, CAC 40 futures down 1.04% at 6157.85 and the UK 100 futures contract in the U.K. up 0.07% at 7,282.08.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.56% at 30961.83. The S&P 500 down 1.13% at 3901.34 and the Nasdaq 100 down 1.71% at 11927.49, NYSE closes down 0.82% at 14722.02.


TECHNICAL ANALYSIS​
GBPUSD TECHNICAL ANALYSIS​
Technical Analysis Technical Analysis
TRADE SUGGESTION- SELL AT 1.1419, TAKE PROFIT AT 1.1412 AND STOP LOSS AT 1.1424


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GERMAN BUND FUT. PRICE TECHNICAL ANALYSIS – 16 SEPTEMBER 2022​

GERMAN BUND FUT. Price Technical Analysis: Weekly Chart

GERMAN BUND FUT

In the weekly charts, GERMAN BUND FUT. is trading in down channel. GERMAN BUND FUT. is currently trading below all SMA.

RSI is in the selling zone which indicates bearishness.

MACD is currently below zero which indicates bearishness.Its immediate support is 140.65 & the resistance level is at 146.63.

GERMAN BUND FUT. will trade in down channel until there is trend reversal.

GERMAN BUND FUT. Price Technical Analysis: Daily Chart​

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FUNDAMENTAL AND TECHNICAL ANALYSIS REPORT – 19 SEPTEMBER 2022​

DOLLAR AT 20-YEAR PEAK ON MONDAY​

Asian Pacific stock markets fell on Monday. The Shanghai Composite is down 0.68% at 3,105.20. Overall, the Singapore MSCI is down 0.27% at 290.25. Over in Hong Kong, the Hang Seng Index is down 1.06% at 18,519.00. In Japan, the Nikkei 225 is flat at 27,350.00, while the Topix index is down 0.18% at 1914.50. South Korea’s Kospi is down 1.19% at 2,354.39. Australia S&P/ASX 200 down 0.07% at 6734.60.

Top News of the Day:

The dollar lingered near a two-decade top on major peers on Monday, ahead of a week loaded with market holidays and central bank decisions from Washington to London and Tokyo.

Investors have scrambled to price in higher U.S. interest rates and a stronger dollar, as U.S. consumer price rises have proved stubbornly persistent.

Market Summary as per 16/09/2022:

European equities Friday closing. The DAX futures contract in Germany traded down 1.66% at 12,741.26, CAC 40 futures down 1.31% at 6077.29 and the UK 100 futures contract in the U.K. down 0.62% at 7,236.69.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.45% at 30822.43. The S&P 500 down 0.72% at 3873.32 and the Nasdaq 100 down 0.55% at 11861.38, NYSE closes down 1.01% at 14573.91.


TECHNICAL ANALYSIS​
GBPUSD Technical Analysis​
Technical Analysis Technical Analysis
TRADE SUGGESTION- SELL AT 1.1388, TAKE PROFIT AT 1.1374 AND STOP LOSS AT 1.1397


VIEW FULL REPORT VISIT - CAPITALSTREETFX (https://www.capitalstreetfx.com/en/technicalanalysis/fundamental-and-technical-analysis-report-19-september-2022/)

FUNDAMENTAL AND TECHNICAL ANALYSIS REPORT – 20 SEPTEMBER 2022​

RUSSIA SURGING OIL EXPORT TO CHINA​

Asian Pacific recovered from recent losses on Tuesday. The Shanghai Composite is up 0.46% at 3,129.86. Overall, the Singapore MSCI is up 1.28% at 292.90. Over in Hong Kong, the Hang Seng Index is up 1.33% at 18,821.00. In Japan, the Nikkei 225 is up 0.37% at 27,450.00, while the Topix index is up 0.50% at 1927.50. South Korea’s Kospi is up 0.64% at 2,370.62. Australia S&P/ASX 200 up 1.27% at 6805.00.

Top News of the Day:

China’s crude oil imports from Russia in August surged 28% from a year earlier, data showed on Tuesday, but it handed back its top supplier ranking to Saudi Arabia for the first time in four months.

Imports of Russian oil, including supplies pumped via the East Siberia Pacific Ocean pipeline and seaborne shipments from Russia’s European and Far Eastern ports, totalled 8.342 million tonnes, data from the Chinese General Administration of Customs showed.

Market Summary as per 19/09/2022:

European equities Monday closing. The DAX futures contract in Germany traded up 0.49% at 12,803.24, CAC 40 futures down 0.26% at 6061.60 and the UK 100 futures contract in the U.K. down 0.62% at 7,236.69.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.64% at 31019.69. The S&P 500 up 0.69% at 3899.88 and the Nasdaq 100 up 0.77% at 11953.27, NYSE closes up 0.69% at 14674.45.

TECHNICAL ANALYSIS​
GBPUSD TECHNICAL ANALYSIS​
0*VhRVe0Z88hdUm9ZF 0*nlS9F7S-ry85oOhW
TRADE SUGGESTION- SELL AT 1.1431, TAKE PROFIT AT 1.1349 AND STOP LOSS AT 1.1479


VIEW FULL REPORT VISIT - CAPITALSTREETFX (https://www.capitalstreetfx.com/en/technicalanalysis/fundamental-and-technical-analysis-report-20-september-2022/)

​

FUNDAMENTAL AND TECHNICAL ANALYSIS REPORT – 21 SEPTEMBER 2022​

Fed Set For Big Rate Hike​

Asian Pacific stock markets sank on Wednesday. The Shanghai Composite is down 0.36% at 3,111.18. Overall, the Singapore MSCI is down 0.50% at 290.75. Over in Hong Kong, the Hang Seng Index is down 1.35% at 18,501.00. In Japan, the Nikkei 225 is down 1.20% at 27,120.00, while the Topix index is down 1.17% at 1903.50. South Korea’s Kospi is down 0.77% at 2,349.60. Australia S&P/ASX 200 down 1.60% at 6697.80.

TOP NEWS OF THE DAY:​
The Federal Reserve is expected on Wednesday to lift interest rates by three-quarters of a percentage point for a third straight time and signal how much further and how fast borrowing costs may need to rise to tame a potentially corrosive outbreak of inflation.

Market Summary as per 20/09/2022:

European equities Tuesday closing. The DAX futures contract in Germany traded down 1.03% at 12,670.83, CAC 40 futures down 1.35% at 5979.48 and the UK 100 futures contract in the U.K. down 0.61% at 7,192.67.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed up 1.01% at 30706.24. The S&P 500 down 1.13% at 3855.94 and the Nasdaq 100 down 0.85% at 11851.54, NYSE closes down 1.36% at 14474.72.

TECHNICAL ANALYSIS​
GBPUSD Technical Analysis​
Technical Analysis

Technical Analysis

TRADE SUGGESTION- SELL AT 1.1334, TAKE PROFIT AT 1.1300 AND STOP LOSS AT 1.1356

VIEW FULL REPORT VISIT - CAPITALSTREETFX (https://www.capitalstreetfx.com/en/technicalanalysis/fundamental-and-technical-analysis-report-21-september-2022/)

FUNDAMENTAL AND TECHNICAL ANALYSIS REPORT – 22 SEPTEMBER 2022​

DOLLAR AT 20-YRS HIGH ON HAWKISH FED​

Asian Pacific stock stocks hits a two-year low on Thursday. The Shanghai Composite is down 0.13% at 3,113.81. Overall, the Singapore MSCI is down 0.53% at 288.50. Over in Hong Kong, the Hang Seng Index is down 1.85% at 18,106.00. In Japan, the Nikkei 225 is down 0.66% at 26,940.00, while the Topix index is down 0.34% at 1895.50. South Korea’s Kospi is down 0.67% at 2,331.51. Australia S&P/ASX 200 down 1.56% at 6700.20.

TOP NEWS OF THE DAY:​
The U.S. dollar jumped to a new 20-year high against a basket of currencies on Thursday, extending gains after the Federal Reserve raised interest rates and struck a more hawkish than the expected tone in its latest meeting.

The dollar index rose as much as 1% to 111.47, its highest level since June 2002, while dollar index futures rose 0.3% to 111.427. Both indicators rallied on Wednesday after the Fed. 10-year U.S. Treasury yields surged to an 11-year high.

Market Summary as per 21/09/2022:

European equities Wednesday closing. The DAX futures contract in Germany traded up 0.76% at 12,767.15, CAC 40 futures up 0.87% at 6031.34 and the UK 100 futures contract in the U.K. up 0.63% at 7,237.63.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed down 1.70% at 30183.79. The S&P 500 down 1.71% at 3789.94 and the Nasdaq 100 down 1.80% at 11637.79, NYSE closes down 1.65% at 14236.60.

TECHNICAL ANALYSIS​

GBPUSD TECHNICAL ANALYSIS




TRADE SUGGESTION- SELL AT 1.1224, TAKE PROFIT AT 1.1200 AND STOP LOSS AT 1.1243

VIEW FULL REPORT VISIT - CAPITALSTREETFX (https://www.capitalstreetfx.com/en/technicalanalysis/fundamental-and-technical-analysis-report-22-september-2022/)

DOW JONES TECHNICAL ANALYSIS & NEWS – 22 SEPTEMBER 2022​

DOW JONES TUMBLED WILD TODAY AFTER THE FED RISING INTEREST RATES​

The Dow Jones Industrial Average fell by 1.71% to 30183.08 on Thursday 22 September

U.S. stock futures were trading lower during Sunday’s evening deals, after major benchmark indices retreated on Friday following Fed Chair Powell’s comments at the Jackson Hole, signaling a willingness to hike interest rates even if it causes economic pain.

By 19:00 ET (23:00 GMT) DOW JONES FUTURES were down by 1.7%, S&P 500 Futures tumbled 0.2% and Nasdaq 100 Futures fell 0.2%.

Ahead of the week, market participants will be monitoring more speeches from Federal Reserve officials, as well as ADP Employment Change, JOLT job opening, and ISM Manufacturing PMI data. Key NON-farm payrolls data will also be closely watched, with the economy expected to add 285k positions and unemployment to hold at 3.5%.

During Thursday’s regular trade, the DOWN JONES INDUSTRIAL Average fell 500 points or 1.7% to 32,283.4, the S&P 500 shed 141.5 points or 1.7% to 3,789, and the NASDAQ Composite down by 1.8% in a day.

OPEC+ is a group between the Organization of the Petroleum Exporting Countries and its Allies. meets later Monday for the tight supplies of oil.

Today’s weakness in the European market occurs because the people’s bank of China cut the repo rate and increased cash injections into the economy, a major driver of economic growth which has been hit hard by Covid-19 lockdowns

LONG-TERM TECHNICAL ANALYSIS​

dow-1024x494.jpg
This daily chart indicates that Dow jones was trading in a down channel. Currently, it is trading below all SMA. RSI is in the selling zone, which indicates bearishness, and MACD is below zero, which indicates bearishness.

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FUNDAMENTAL AND TECHNICAL ANALYSIS REPORT – 27 SEPTEMBER 2022​

BITCOIN BOUNCES ABOVE $20,000​

Asian Pacific stock markets down on Tuesday. The Shanghai Composite is up 0.26% at 3,059.21. Overall, the Singapore MSCI is down 0.16% at 280.80. Over in Hong Kong, the Hang Seng Index is down 1.19% at 17,665.00. In Japan, the Nikkei 225 is up 0.50% at 26,330.00, while the Topix index is up 0.54% at 1854.00. South Korea’s Kospi is down 0.60% at 2,207.20. Australia S&P/ASX 200 up 0.25% at 6485.60.

TOP NEWS OF THE DAY:​
Bitcoin broke above $20,000 on Tuesday for the first time in about a week, as cryptocurrencies bounced, along with other risk-sensitive assets, in Asian trade.

The biggest cryptocurrency by market value, bitcoin, was up over 5% at $20,286. The second-biggest, ether, rose 4% to a one-week high of $1,389.

Market Summary as per 26/09/2022:

European equities Monday closing. The DAX futures contract in Germany traded down 0.46% at 12,227.92, CAC 40 futures down 0.24% at 5769.38 and the UK 100 futures contract in the U.K. up 0.03% at 7,020.96.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed down 1.11% at 29260.82. The S&P 500 down 1.03% at 3655.05 and the Nasdaq 100 down 0.51% at 11254.11, NYSE closes down 1.57% at 13580.38.

TECHNICAL SUMMARY​

GBPUSD TECHNICAL ANALYSIS


TRADE SUGGESTION- SELL AT 1.0778, TAKE PROFIT AT 1.0762 AND STOP LOSS AT 1.0790


VIEW FULL REPORT VISIT - CAPITALSTREETFX (https://www.capitalstreetfx.com/en/technicalanalysis/fundamental-and-technical-analysis-report-27-september-2022/)

FUNDAMENTAL AND TECHNICAL ANALYSIS REPORT – 03 OCTOBER 2022​

OPEC+ SUPPLY CUT THIS WEEK​

Asian Pacific shares were mixed on Monday. The Shanghai Composite is down 0.55% at 3,024.39. Overall, the Singapore MSCI is down 0.29% at 278.10. Over in Hong Kong, the Hang Seng Index is down 1.52% at 16,948.00. In Japan, the Nikkei 225 is up 0.46% at 26,060.00, while the Topix index is up 0.05% at 1837.00. South Korea’s Kospi is down 0.71% at 2,155.49. Australia S&P/ASX 200 down 0.27% at 6456.90.

TOP NEWS OF THE DAY:​
Oil prices rallied in early trade on Monday following multiple reports that the OPEC+ will decide on supply cuts during a meeting this week, as it grapples with weakening prices.

Multiple reports said on Monday that the Organization of Petroleum Exporting Countries and its allies (OPEC+) is considering production cuts of over 1 million barrels a day (bpd) when it meets on Wednesday, in order to support weakening crude prices.

Market Summary as per 30/09/2022:

European equities Friday closing. The DAX futures contract in Germany traded up 1.16% at 12,114.36, CAC 40 futures up 1.51% at 5762.35 and the UK 100 futures contract in the U.K. up 0.18% at 6,893.82.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed down 1.71% at 28725.52. The S&P 500 down 1.51% at 3585.61 and the Nasdaq 100 down 1.73% at 10971.22, NYSE closes down 1.00% at 13472.18.

TECHNICAL SUMMARY​

GBPUSD TECHNICAL ANALYSIS


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FUNDAMENTAL AND TECHNICAL ANALYSIS REPORT – 06 OCTOBER 2022​

JAPAN NO PACT WITH LANKA ON DEBT RESTRUCTURING​

Asian stock markets extended recent gains on Thursday. The Shanghai Composite is down 0.55% at 3,024.39. Overall, the Singapore MSCI is up 0.47% at 286.40. Over in Hong Kong, the Hang Seng Index is up 0.16% at 18,112.00. In Japan, the Nikkei 225 is up 1.03% at 27,360.00, while the Topix index is up 0.76% at 1925.50. South Korea’s Kospi is up 1.37% at 2,244.73. Australia S&P/ASX 200 up 0.03% at 6817.50.

TOP NEWS OF THE DAY:​
Japan has not yet reached an agreement with crisis-hit Sri Lanka to co-chair a summit on negotiations with creditor nations, a government official with direct knowledge of the matter told Reuters, brushing aside a statement from Colombo on Thursday.

Japan is ready to fully support the Indian Ocean Island nation in its credit restructuring, the official said on condition of anonymity, as the issue is a sensitive one.

Market Summary as per 05/10/2022:

European equities Wednesday closing. The DAX futures contract in Germany traded down 1.21% at 12,517.18, CAC 40 futures down 0.90% at 5985.47 and the UK 100 futures contract in the U.K. down 0.48% at 7,052.63.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.14% at 30273.88. The S&P 500 down 0.20% at 3783.29 and the Nasdaq 100 down 0.08% at 11573.18, NYSE closes down 0.40% at 14262.03.

TECHNICAL SUMMARY​

GBPUSD Technical Analysis


TRADE SUGGESTION- BUY AT 1.1321, TAKE PROFIT AT 1.1476 AND STOP LOSS AT 1.1220


VIEW FULL REPORT VISIT - CAPITALSTREETFX (https://www.capitalstreetfx.com/en/technicalanalysis/fundamental-and-technical-analysis-report-06-october-2022/)

FUNDAMENTAL AND TECHNICAL ANALYSIS REPORT – 25 OCTOBER 2022​

OIL GAINS AS U.S. DOLLAR EASES​

Asian stock markets recovered from recent losses on Tuesday. The Shanghai Composite is up 0.27% at 2,985.69. Overall, the Singapore MSCI is up 0.91% at 266.95. Over in Hong Kong, the Hang Seng Index is up 0.64% at 15,237.00. In Japan, the Nikkei 225 is up 1.11% at 27,260.00, while the Topix index is up 1.30% at 1908.50. South Korea’s Kospi is down 0.08% at 2,234.33. Australia S&P/ASX 200 up 0.28% at 6798.60.

TOP NEWS OF THE DAY:​

Oil prices rose on Tuesday as the U.S. dollar eased against major peers but gains were limited by worries of slowing global fuel demand growth amid bearish economic data from key oil importing economies such as China.

However, signs of uncertain economic activity in the United States and China, the world’s two biggest oil consumers, limited the increase.

Market Summary as per 24/10/2022:

European equities Monday closing. The DAX futures contract in Germany traded up 1.58% at 12,931.45, CAC 40 futures up 1.59% at 6131.37 and the UK 100 futures contract in the U.K. up 0.64% at 7014.00.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed up 1.34% at 31499.63. The S&P 500 up 1.19% at 3797.35 and the Nasdaq 100 up 1.06% at 11430.26, NYSE closes up 0.58% at 14226.10.


TECHNICAL SUMMARY​

GBPUSD TECHNICAL ANALYSIS



TRADE SUGGESTION- BUY AT 1.1296, TAKE PROFIT AT 1.1454 AND STOP LOSS AT 1.1215


VIEW FULL REPORT VISIT - CAPITALSTREETFX (https://www.capitalstreetfx.com/en/technicalanalysis/fundamental-and-technical-analysis-report-25-october-2022/)

FUNDAMENTAL AND TECHNICAL ANALYSIS REPORT – 27 October 2022​

DOLLAR SELLS OFF ON SPECULATION OF LESS HAWKISH FED​

Asian stock markets rose on Thursday. The Shanghai Composite is down 0.45% at 2,985.91. Overall, the Singapore MSCI is up 0.24% at 270.10. Over in Hong Kong, the Hang Seng Index is up 1.70% at 15,592.00. In Japan, the Nikkei 225 is down 0.36% at 27,340.00, while the Topix index is down 0.65% at 1906.00. South Korea’s Kospi is up 1.73% at 2,288.57. Australia S&P/ASX 200 up 0.50% at 6845.10.

TOP NEWS OF THE DAY:​

The U.S. dollar sank more than 1% against a basket of peers on Wednesday as weakening economic data firmed views that the Federal Reserve will slow the pace of its rate-hiking cycle, sending the euro back above parity with the greenback for the first time in a month.

The dollar’s decline came as the benchmark 10-year U.S. Treasury yield continued its descent from last week’s multi-year high of 4.338%, and was last down four basis points at 4.0317%

Market Summary as of 26/10/2022:

European equities Wednesday closing. The DAX futures contract in Germany traded up 1.09% at 13,195.81, CAC 40 futures up 0.41% at 6276.32 and the UK 100 futures contract in the U.K. up 0.61% at 7056.08.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.01% at 31839.12. The S&P 500 down 0.74% at 3830.59 and the Nasdaq 100 down 2.26% at 11405.90, NYSE closes up 0.63% at 14531.69.

TECHNICAL SUMMARY​
GBPUSD TECHNICAL ANALYSIS

image4.gif

image9.png

TRADE SUGGESTION- BUY AT 1.1593, TAKE PROFIT AT 1.1647 AND STOP LOSS AT 1.1576


VIEW FULL REPORT VISIT - CAPITALSTREETFX (https://carigold.com/forum/threads/daily-technical-analysis-report-today-by-capital-street-fx-%E2%80%93-18-october-2021.734290/page-20?post_id=26626090#post-26626090)

FUNDAMENTAL AND TECHNICAL ANALYSIS REPORT – 28 OCTOBER 2022​

ECB HIKES KEY RATES BY 75 BASIS POINTS​

Asian shares fell on Friday. The Shanghai Composite is down 1.47% at 2,938.97. Overall, the Singapore MSCI is up 0.50% at 272.70. Over in Hong Kong, the Hang Seng Index is down 3.17% at 14,973.00. In Japan, the Nikkei 225 is down 0.73% at 27,100.00, while the Topix index is down 0.34% at 1898.00. South Korea’s Kospi is down 0.93% at 2,267.48. Australia S&P/ASX 200 down 0.87% at 6785.70.

TOP NEWS OF THE DAY:​

The European Central Bank raised its key interest rates by another 75 basis points and said it plans to hike further in its battle to bring inflation down from a 40-year high.

As such, the key deposit rate – which sets the floor for Eurozone money markets – will rise to 1.50%, while the refinancing rate rises to 2.00% and the marginal lending rate rises to 2.25%.

Market Summary as per 27/10/2022:

European equities Thursday closing. The DAX futures contract in Germany traded up 0.12% at 13,211.23, CAC 40 futures down 0.51% at 6244.04 and the UK 100 futures contract in the U.K. up 0.25% at 7073.70.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.61% at 32033.29. The S&P 500 down 0.61% at 3807.29 and the Nasdaq 100 down 1.88% at 11191.63, NYSE closes up 0.26% at 14569.89.

TECHNICAL SUMMARY​

GBPUSD TECHNICAL ANALYSIS




TRADE SUGGESTION- BUY AT 1.1530, TAKE PROFIT AT 1.1636 AND STOP LOSS AT 1.1478


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FUNDAMENTAL AND TECHNICAL ANALYSIS REPORT – 31 OCTOBER 2022​

DATA SUGGEST FED HAWKS WILL STAY IN CONTROL​

Asian stock markets climbed cautiously on Monday. The Shanghai Composite is down 0.03% at 2,914.94. Overall, the Singapore MSCI is up 2.63% at 280.70. Over in Hong Kong, the Hang Seng Index is up 0.80% at 15,009.00. In Japan, the Nikkei 225 is up 2.04% at 27,560.00, while the Topix index is up 1.99% at 1924.50. South Korea’s Kospi is up 0.94% at 2,289.83. Australia S&P/ASX 200 up 0.97% at 6851.20.

TOP NEWS OF THE DAY:​
The dollar advanced on Monday after strong consumer spending data pointed to persistent underlying inflation pressure, cooling bets that the U.S. Federal Reserve could signal a slowdown in its aggressive monetary policy tightening campaign.

The greenback moved broadly higher in Asia trade, particularly against the Japanese yen, rising more than 0.5% and pushing above the 148-yen level.

Market Summary as per 28/10/2022:

European equities Friday closing. The DAX futures contract in Germany traded up 0.24% at 13,243.33, CAC 40 futures up 0.46% at 6273.06 and the UK 100 futures contract in the U.K. down 0.37% at 7047.68.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed up 2.59% at 32861.81. The S&P 500 up 2.46% at 3901.07 and the Nasdaq 100 up 3.17% at 11546.21, NYSE closes up 1.55% at 14795.63.

TECHNICAL SUMMARY​
GBPUSD TECHNICAL ANALYSIS


TRADE SUGGESTION- BUY AT 1.1596, TAKE PROFIT AT 1.1731 AND STOP LOSS AT 1.1480


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FUNDAMENTAL AND TECHNICAL ANALYSIS REPORT – 01 NOVEMBER 2022
​

RBA HIKES INTEREST RATES BY 25 BPS, CUTS GROWTH OUTLOOK​

Asian shares rose and bond yields firmed in early trade on Tuesday. The Shanghai Composite is up 1.18% at 2,927.71. Overall, the Singapore MSCI is up 0.97% at 280.70. Over in Hong Kong, the Hang Seng Index is up 4.26% at 15,266.00. In Japan, the Nikkei 225 is up 0.33% at 27,640.00, while the Topix index is up 0.49% at 1935.50. South Korea’s Kospi is up 1.61% at 2,330.44. Australia S&P/ASX 200 up 1.65% at 6976.90.

TOP NEWS OF THE DAY:​

The Reserve Bank of Australia (RBA) raised interest rates as expected on Tuesday, but also hiked its inflation forecast and trimmed its GDP outlook as it flagged more headwinds for the economy from increased price pressures and rising rates.

The RBA raised its target cash rate by 25 basis points (bps) to 2.85%, bringing interest rates to their highest level in nine years.

Market Summary as per 31/10/2022:

European equities Monday closing. The DAX futures contract in Germany traded up 0.08% at 13,253.74, CAC 40 futures down 0.10% at 6266.78 and the UK 100 futures contract in the U.K. up 0.66% at 7094.52.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.39% at 32732.96. The S&P 500 down 0.75% at 3871.97 and the Nasdaq 100 down 1.22% at 11405.57, NYSE closes down 0.33% at 14747.02.

TECHNICAL SUMMARY​

GBPUSD TECHNICAL ANALYSIS



TRADE SUGGESTION- BUY AT 1.1532, TAKE PROFIT AT 1.1596 AND STOP LOSS AT 1.1493

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FUNDAMENTAL AND TECHNICAL ANALYSIS REPORT – 02 NOVEMBER 2022​

ENERGY CRISIS ERODES EUROPE’S INDUSTRIAL STRENGTH​

Asian shares climbed on Wednesday. The Shanghai Composite is up 1.33% at 3,008.59. Overall, the Singapore MSCI is down 0.66% at 279.40. Over in Hong Kong, the Hang Seng Index is up 2.48% at 15,824.00. In Japan, the Nikkei 225 is down 0.18% at 27,640.00, while the Topix index is down 0.15% at 1937.00. South Korea’s Kospi is up 0.20% at 2,339.89. Australia S&P/ASX 200 up 0.14% at 6986.70.

TOP NEWS OF THE DAY:​
Europe needs its industrial companies to save energy amid soaring costs and shrinking supplies, and they are delivering – demand for natural gas and electricity both fell in the past quarter.

It is far too early to rejoice, though. The drop is not just because industrial companies are turning down thermostats, they are also shutting down plants that may never reopen.

Market Summary as per 01/11/2022:

European equities Tuesday closing. The DAX futures contract in Germany traded up 0.64% at 13,338.74, CAC 40 futures up 0.98% at 6328.26 and the UK 100 futures contract in the U.K. up 1.29% at 7186.17.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.24% at 32653.21. The S&P 500 down 0.41% at 3856.11 and the Nasdaq 100 down 1.02% at 11288.98, NYSE closes up 0.30% at 14790.70.

GBPUSD TECHNICAL ANALYSIS



TRADE SUGGESTION- BUY AT 1.1502, TAKE PROFIT AT 1.1598 AND STOP LOSS AT 1.1456


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FUNDAMENTAL AND TECHNICAL ANALYSIS REPORT – 18 November 2022​

OIL REBOUNDS FOLLOWING SHARP DROPS​

Asian stock market closed green on Thursday. The Shanghai Composite is up 0.95% at 3115.53 Overall, the Singapore MSCI is down 0.35% at 300.12. Over in Hong Kong, the Hang Seng Index is up 0.14% at 18,045.66. In Japan, the Nikkei 225 is down 0.11% at 27930.57, while the Topix index is up 0.43% at 1966.28 South Korea’s Kospi is up 0.06% at 2,442.90. Australia S&P/ASX 200 up 0.23% at 7135.70.

TOP NEWS OF THE DAY:​

Oil prices rose on Friday after a series of bruising sessions and were set to end the week lower as hawkish signals from the Federal Reserve and rising COVID-19 cases in China brewed concerns over slowing global demand.

Crude markets plummeted on Thursday after hawkish comments from St. Louis Fed President James Bullard suggested that the bank intends to raise interest rates by at least another 150 basis points, citing a limited impact on inflation from recent hikes. This ratcheted up fears that U.S. economic growth will slow dramatically in the coming quarters, amid pressure from high-interest rates and stubborn inflation.

Oil prices were also dented by news of rising COVID-19 cases in China, which raised the prospect of more disruptive lockdown measures in the country.

TECHNICAL SUMMARY​

GBPUSD TECHNICAL ANALYSIS


TRADE SUGGESTION – BUY AT 1.19475, TAKE PROFIT AT 1.20388, SL AT 1.18407


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FUNDAMENTAL AND TECHNICAL ANALYSIS REPORT – 23 NOVEMBER 2022​

AS U.S. INVENTORIES DECLINE, OIL PRICES RISE, BUT GAINS ARE LIMITED BY CHINA’S COVID WORRIES.​

Asian stock market closed green on Tuesday. The Shanghai Composite is up 0.13% at 3088.94 Overall, the Singapore MSCI is up 0.14% at 295.88. Over in Hong Kong, the Hang Seng Index is down 1.31% at 17424.41. In Japan, the Nikkei 225 is up 0.61% at 28115.74, while the Topix index is up 1.12% at 1994.75 South Korea’s Kospi is down 0.59% at 2,405.27. Australia S&P/ASX 200 up 0.59% at 7181.30.

TOP NEWS OF THE DAY:​
Oil prices rose further on Wednesday after data indicated that U.S. crude inventories shrank substantially in the past week, although the introduction of new anti-COVID curbs in major Chinese cities put a lid on gains.

Data from the American Petroleum Institute showed that U.S. crude stockpiles fell a bigger-than-expected 4.8 million barrels in the past week, likely heralding a similar decline in official government figures due later today. The focus will also be on the pace of the U.S. government’s drawdown from the Strategic Petroleum Reserve, which is at an over 38-year low.

Weakness in the dollar, amid uncertainty over the path of U.S. interest rates, also helped support prices.

But gains were muted as rising COVID-19 cases in China saw the introduction of more curbs in major cities, particularly Beijing and Shanghai. The country is now struggling with a record-high increase in daily infections, which markets fear could trigger a slowdown in the world’s largest oil importer.

TECHNICAL SUMMARY​

GBPUSD TECHNICAL ANALYSIS



TRADE SUGGESTION – BUY AT 1.18850, TAKE PROFIT AT 1.20295, SL AT 1.17712

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FUNDAMENTAL AND TECHNICAL ANALYSIS REPORT – 25 NOVEMBER 2022​

U.S. YIELDS FALL ALONG WITH THE DOLLAR ON DOVISH-FED WAGERS, WHILE HK EQUITIES DECLINE.
​
Asian stock market closed green on Thursday. The Shanghai Composite is down 0.25% at 3089.31 Overall, the Singapore MSCI is up 0.19% at 294.43. Over in Hong Kong, the Hang Seng Index is up 0.78% at 17660.90. In Japan, the Nikkei 225 is up 0.95% at 28383.09, while the Topix index is up 1.21% at 2018.80 South Korea’s Kospi is up 0.96% at 2,441.34. Australia S&P/ASX 200 up 0.14% at 7241.80.

TOP NEWS OF THE DAY:​
U.S. long-term Treasury yields sank to a more than seven-week trough on Friday while the dollar dropped back toward recent lows against major peers as markets continued to digest dovish signals from the Federal Reserve.

Expectations of a less aggressive pace of U.S. monetary tightening from as soon as next month continued to support some stock markets in Asia, but Hong Kong’s Hang Seng dropped as record COVID-19 infections in China dimmed the outlook.

The 10-year Treasury yield dipped to 3.65% in Tokyo trading, the lowest since Oct. 5, following Thursday’s U.S. Thanksgiving holiday. The two-year yield slipped to a one-week bottom at 4.424%.

The dollar index, which measures the greenback against the euro, yen and four other rivals, retreated 0.11% to 105.76, heading back toward Thursday’s low of 105.62.

Market Summary as per 24/11/2022:

European equities Thursday closing. The DAX futures contract in Germany traded up 0.78% at 14539.56, CAC 40 futures up 0.42% at 6707.32. UK 100 futures contract in the U.K. up 0.02 at 7466.60

In the U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.28% at 34194.06. The S&P 500 up 0.53% at 4024.28 and the Nasdaq 100 also up 0.99% at 11285.32, NYSE closes 0.41% up at 15545.52.

TECHNICAL SUMMARY​

GBPUSD TECHNICAL ANALYSIS



TRADE SUGGESTION – BUY AT 1.21534, TAKE PROFIT AT 1.22772, SL AT 1.20511

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FUNDAMENTAL AND TECHNICAL ANALYSIS REPORT – 28 November 2022​

CONFLICTS IN SHANGHAI AS COVID DEMONSTRATIONS SPREAD THROUGHOUT CHINA​

Asian stock market closed red on Friday. The Shanghai Composite is up 0.40% at 3101.69 Overall, the Singapore MSCI is flat by 0.00% at 293.95. Over in Hong Kong, the Hang Seng Index is down 0.49% at 17573.58. In Japan, the Nikkei 225 is down 0.35% at 28283.03, while the Topix index is down 0.040% at 2018.00 South Korea’s Kospi is down 0.14% at 2,437.86. Australia S&P/ASX 200 is up 0.24% at 7259.50.

TOP NEWS OF THE DAY:​
Hundreds of demonstrators and police clashed in Shanghai on Sunday night as protests over China’s stringent COVID restrictions flared for the third day and spread to several cities in the wake of a deadly fire in the country’s far west.

The wave of civil disobedience is unprecedented in mainland China since President Xi Jinping assumed power a decade ago, as frustration mounts over his signature zero-COVID policy nearly three years into the pandemic. The COVID measures are also exacting a heavy toll on the world’s second-largest economy.

Protesters also took to the streets in the cities of Wuhan and Chengdu on Sunday, while students on numerous university campuses around China gathered to demonstrate over the weekend.

Market Summary as of 25/11/2022:

European equities Friday closing. The DAX futures contract in Germany traded up 0.01% at 14541.38, and CAC 40 futures up 0.08% at 6712.48. UK 100 futures contract in the U.K. is up 0.27 at 7486.67

In the U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.45% at 34347.03. The S&P 500 is up 0.08% at 4027.72 and the Nasdaq 100 is down 0.52% at 11226.36, NYSE closes 0.39% up at 15605.68.

TECHNICAL SUMMARY​
GBPUSD TECHNICAL ANALYSIS


TRADE SUGGESTION – BUY AT 1.20980, TAKE PROFIT AT 1.21917, SL AT 1.20229


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FUNDAMENTAL AND TECHNICAL ANALYSIS REPORT – 01 DECEMBER 2022​

POWELL SAID THERE IS STILL TIME BEFORE PEAK RATES BUT THAT THE DECEMBER HIKE WILL BE SLOWER

Asian stock market closes in green on Wednesday. The Shanghai Composite is up 0.59% at 3151.34 Overall, the Singapore MSCI is up 0.15% at 299.75. Over in Hong Kong, the Hang Seng Index is up 2.16% at 18597.23. In Japan, the Nikkei 225 is up 1.43% at 28368.78, while the Topix index is up 0.61% at 1997.64 South Korea’s Kospi is up 1.08% at 2,499.13. Australia S&P/ASX 200 up 0.95% at 7353.60.

TOP NEWS OF THE DAY:​

Federal Reserve Chairman Jerome Powell said that the pace of rate hikes is likely to slow, but the peak level of rates will be higher than previously expected as there is a long way to go to curb above-trend inflation.

“Moderating the pace of rate increases may come as soon as the December meeting,” Powell said in a speech on Wednesday at the Brookings Institution event in Washington. He added that the Fed’s monetary policy was approaching “the level of restraint that will be sufficient to bring inflation down.”

About 70% of traders expect the Fed to slow rate hikes to 50 basis points in December, down from 75 basis points seen in the prior four Fed meetings.

“We continue to expect the FOMC to slow the pace of rate hikes to 50bp in December and to 25bp in February, March, and May, raising the funds rate to a peak of 5-5.25%,” Goldman Sachs said in a note ahead of Powell’s remarks.

Market Summary as per 30/11/2022:

European equities Wednesday closing. The DAX futures contract in Germany traded up 0.29% at 14397.04, CAC 40 futures up 1.04% at 6738.55. UK 100 futures contract in the U.K. up 0.81 at 7573.05.

In the U.S. on Wall Street, the Dow Jones Industrial Average Closed up 2.18% at 34589.77. The S&P 500 up 3.09% at 4080.11 and the Nasdaq 100 up 4.41% at 11468.00, NYSE closes 2.25% up at 15780.02.

TECHNICAL SUMMARY​

GBPUSD TECHNICAL ANALYSIS


TRADE SUGGESTION – BUY AT 1.21516, TAKE PROFIT AT 1.22607, SL AT 1.20531

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FUNDAMENTAL AND TECHNICAL ANALYSIS REPORT – 14 DECEMBER 2022​

INFLATION IN THE UK DECREASED MORE THAN ANTICIPATED IN NOVEMBER, RELIEVING PRESSURE ON THE BOE.​

Asian stock market closes in green on Tuesday. The Shanghai Composite is down 0.14% at 3176.33 Overall, the Singapore MSCI is up 0.40% at 298.00. Over in Hong Kong, the Hang Seng Index is up 0.69% at 19596.20. In Japan, the Nikkei 225 is up 0.72% at 27954.85., while the Topix index is up 0.60% at 1965.68 South Korea’s Kospi is up 1.13% at 2372.40. Australia S&P/ASX 200 up 0.67% at 7251.30.

TOP NEWS OF THE DAY: –​
U.K. inflation fell by more than expected in November, easing the pressure on the Bank of England to keep raising interest rates against the backdrop of a recession.

The consumer price index rose by 0.4% on the month, down from an alarming 2.0% in October that was caused by the adjustment of regulated household energy prices. Analysts had expected an increase of 0.6% ahead of time.

That brought the year-on-year rate down to 10.7% from 11.1%.

Stripping out volatile fuel and energy components, the core CPI rate also eased by more than expected, rising only 0.3%, rather than the 0.5% forecast. In annual terms, core inflation is now running at 6.3%, down from 6.5% last month.

The figures come only hours before the Bank of England is set to announce its latest policy decisions.

Market Summary as per 13/12/2022:

European equities Tuesday closing. The DAX futures contract in Germany traded up 1.34% at 14497.89, CAC 40 futures up 1.42% at 6744.98. UK 100 futures contract in the U.K. up 0.76 at 7502.89

In the U.S. on Wall Street, the Dow Jones Industrial Average Closed up 0.30% at 34108.64. The S&P 500 up 0.73% at 4019.65 and the Nasdaq 100 up 1.01% at 11256.81, NYSE closes 0.61% up at 15562.54.


TECHNICAL SUMMARY​
GBPUSD TECHNICAL ANALYSIS



TRADE SUGGESTION – BUY AT 1.23730, TAKE PROFIT AT 1.24870, SL AT 1.22966


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FUNDAMENTAL AND TECHNICAL ANALYSIS REPORT – 15 DECEMBER 2022​

HONG KONG CENTRAL BANK RAISES RATES AFTER FED HIKE​

Asian stock market closes in red on Wednesday. The Shanghai Composite is down 0.25% at 3176.53 Overall, the Singapore MSCI is down 0.09% at 298.40. Over in Hong Kong, the Hang Seng Index is down 1.42% at 19673.45. In Japan, the Nikkei 225 is down 0.37% at 28156.21., while the Topix index is down 0.18% at 1973.90 South Korea’s Kospi is down 1.60% at 2399.25. Australia S&P/ASX 200 is down 0.64% at 7204.80.

TOP NEWS OF THE DAY: –​
The Hong Kong Monetary Authority (HKMA) said on Thursday it would raise its base rate charged through the overnight discount window by 50 basis points to 4.75%, hours after the U.S. Federal Reserve delivered a rate hike of the same margin.

The U.S. central bank raised interest rates by half a percentage point. It projected at least an additional 75 basis points of increases in borrowing costs by the end of 2023, as well as a rise in unemployment and a near-stalling of economic growth.

“Rate hike in the U.S. will not affect the financial and monetary stability of Hong Kong,” HKMA Chief Executive Eddie Yue told reporters. “Our monetary and financial markets continue to operate in a smooth and orderly manner. The Linked Exchange rate system (LERS) continues to work well.”

Hong Kong’s monetary policy moves in lock-step with U.S. policy as the city’s currency is pegged to the greenback in a tight range of 7.75-7.85 per dollar.

Market Summary as of 14/12/2022:

European equities Wednesday closing. The DAX futures contract in Germany traded down 0.26% at 14460.20, and CAC 40 futures were down 0.21% at 6730.79. UK 100 futures contract in the U.K. is down 0.09 at 7495.93

In the U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.42% at 33966.35. The S&P 500 is down 0.61% at 3995.32 and the Nasdaq 100 is down 0.76% at 11170.89, NYSE closes 0.43% down at 15494.98.

TECHNICAL SUMMARY​
GBPUSD TECHNICAL ANALYSIS


TRADE SUGGESTION – BUY AT 1.22900, TAKE PROFIT AT 1.24074, SL AT 1.22443


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Fundamental News And Technical Analysis Report – 19 December 2022​

OIL INCREASES ON EXPECTATIONS OF CHINESE DEMAND AND U.S. SPR REPLENISHMENT​

Asian stock market closes in red on Friday. The Shanghai Composite is down 0.02% at 3167.86 Overall, the Singapore MSCI is down 1.82% at 289.40. Over in Hong Kong, the Hang Seng Index is up 0.42% at 19450.67. In Japan, the Nikkei 225 is down 1.87% at 27527.12. While the Topix index is down 1.20% at 1950.21 South Korea’s Kospi is down 0.04% at 2360.02. Australia S&P/ASX 200 is down 0.78% at 7148.70.

TOP NEWS OF THE DAY: –​
Oil prices rose on Monday, recovering from steep losses in the prior session as markets bet on a demand recovery fuelled by China’s economic reopening, while the Biden administration’s pledge to begin refilling its strategic reserve also brightened the outlook for prices.

Crude markets were buoyant as several Chinese officials, including President Xi Jinping, vowed to shore up economic growth after a year of COVID-19 lockdowns battered the world’s second-largest economy.

The country has now begun relaxing several anti-COVID measures, with recent road and air transport metrics showing that fuel demand is already picking up.

But China is also grappling with a large spike in COVID-19 infections, which analysts warn could spur market volatility amid conflicting signals over an economic reopening.

An announcement by the U.S. Energy Department on Friday that it will begin repurchasing crude oil for the Strategic Petroleum Reserve also supported the outlook for stronger prices.

This will be the United States’ first purchase since this year’s record 180-million-barrel release from the stockpile.

Market Summary as of 16/12/2022:

European equities Friday closing. The DAX futures contract in Germany traded down 0.67% at 13893.07, and CAC 40 futures were down 1.08% at 6452.63. UK 100 futures contract in the U.K. is down 1.27 at 7332.12

In the U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.85% at 32920.46. The S&P 500 is down 1.11% at 3852.36 and the Nasdaq 100 is down 0.97% at 10705.41, NYSE closes 1.08% down at 15018.17.

TECHNICAL SUMMARY​
GBPUSD TECHNICAL ANALYSIS

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TRADE SUGGESTION – BUY AT 1.22183, TAKE PROFIT AT 1.23384, SL AT 1.21159

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FUNDAMENTAL NEWS AND TECHNICAL ANALYSIS REPORT - 02 JANUARY​

THE FINANCE MINISTER OF GERMANY FORECASTS 7% INFLATION IN 2023​

Asian stock market closes in green on Friday. The Shanghai Composite is up 0.51% at 3073.70. Overall, the Singapore MSCI is flat 0.00% at 288.35. Over in Hong Kong, the Hang Seng Index is up 0.20% at 19741.14. In Japan, the Nikkei 225 is flat 0.00 at 26093.67. While the Topix index is down 0.19% at 1895.27 South Korea’s Kospi is down 0.48% at 2236.40. Australia S&P/ASX 200 up 0.26% at 7020.10.

TOP NEWS OF THE DAY:​
Germany’s finance minister expects inflation in Europe’s biggest economy to drop to 7% this year and to continue falling in 2024 and beyond, but believes high energy prices will become the new normal.

“The target remains 2%. This must be a top priority for the European Central Bank and the German government,” Christian Lindner said in an interview with Bild newspaper published on Sunday.

Pushed by spiking energy prices following Russia’s invasion of Ukraine and falling Russian energy exports, Germany’s year-on-year inflation has slowed slightly in November to 11.3% from a high of 11.6% the month prior.

Lindner said Germany needs an “unbiased” energy policy in order to keep industry ticking, adding that domestic gas and oil fracking and nuclear energy should be considered in the energy sources mix along with renewables.

TECHNICAL SUMMARY​

GBPUSD TECHNICAL ANALYSIS



TRADE SUGGESTION – BUY AT 1.20759, TAKE PROFIT AT 1.21045, SL AT 1.20586


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Fundamental News And Technical Analysis Report – 24 January 2023​

THE DOLLAR STRUGGLES AS THE EURO APPROACHES A NINE-MONTH HIGH AND THE YEN RISE.​

Asian stock market closes in green on Monday. The Shanghai Composite is up 0.76% at 3264.81. Overall, the Singapore MSCI is up 0.69% at 303.88. Over in Hong Kong, the Hang Seng Index is up 1.82% at 22044.65. In Japan, the Nikkei 225 is up 1.33 at 26906.04. While the Topix index is up 0.96% at 1945.38 South Korea’s Kospi is up 0.63% at 2395.26. Australia S&P/ASX 200 is up 0.68% at 7457.30.

TOP NEWS OF THE DAY:​

The dollar hovered near a nine-month low to the euro and gave back recent gains against the yen on Tuesday, as traders weighed the risks of a U.S. recession and the path for Federal Reserve policy.

The U.S. dollar index – which measures the greenback against a basket of six peers, including the euro and yen – slipped 0.12% to 101.89, heading back towards the 7-1/2-month low of 101.51 reached last week.

The euro added 0.08% to $1.0880, taking it closer to Monday’s peak of $1.0927, the strongest since April.

“The U.S. is no longer the cleanest shirt in the global economic laundry,” said Ray Attrill, head of the foreign-exchange strategy at National Australia Bank (OTC: NABZY), who expects the dollar index to fall to 100 by end-March and the euro to rise to $1.10.

“That’s integral to our bearish U.S. dollar view, that the U.S. is not going to be the global growth leader.”

Money market traders see only two more quarter-point rate hikes by the Fed to a peak of around 5% by June, with two quarter-point cuts following before year-end. The Fed has insisted 75 basis points of more tightening is likely on the way.

By contrast, Europe’s single currency has been buoyed by comments from European Central Bank officials pointing to further aggressive policy tightening.

The latest was ECB President Christine Lagarde, who on Monday reiterated that the central bank will keep raising interest rates quickly to slow inflation, which remains far too high.

TECHNICAL SUMMARY​

GBPUSD TECHNICAL ANALYSIS

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TRADE SUGGESTION – BUY AT 1.23440, TAKE PROFIT AT 1.24294, SL AT 1.22842

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Fundamental News And Technical Analysis Report – 26 January 2023​

THE DOLLAR SWAYS CLOSE TO AN EIGHT-MONTH LOW AHEAD OF CENTRAL BANK MEETINGS.​

Asian stock market closes in green on Wednesday. The Shanghai Composite is up 0.76% at 3264.81. Overall, the Singapore MSCI is down 0.51% at 298.38. Over in Hong Kong, the Hang Seng Index is up 1.82% at 22044.65. In Japan, the Nikkei 225 is up 0.35 at 27395.01. While the Topix index is up 0.39% at 1980.69, South Korea’s Kospi is up 1.39% at 2428.57. Australia S&P/ASX 200 is down 0.30% at 7468.30.


TOP NEWS OF THE DAY:​

The dollar held close to an eight-month low against its peers on Thursday, as a gloomy U.S. corporate earnings season stoked recession fears and as traders stayed on guard ahead of a slew of central bank meetings next week.

The U.S. dollar index, which measures the greenback against a basket of currencies, inched 0.1% higher to 101.65, after falling as low as 101.52 earlier in the session, testing last week’s eight-month trough of 101.51.

Trading was thin, with Australia out for a holiday and some parts of Asia still away for the Lunar New Year.

Downbeat earnings and guidance from U.S. companies and a string of tech sector layoffs have deepened fears of a sharp economic downturn in the United States, leading investors to pare back expectations on how much longer the Federal Reserve will need to aggressively raise interest rates.

“There are now signs the U.S. economy may be slowing in a more meaningful manner,” said economists at Wells Fargo.

“With the Fed no longer leading the charge on interest rate hikes and U.S. economic trends set to worsen, we now believe the U.S. dollar has entered a period of cyclical depreciation against most foreign currencies.”

The Fed’s policy-setting committee will begin a two-day meeting next week, and markets have priced in a 25-basis-point (bps) interest rate hike, a step down from the central bank’s 50 bps and 75 bps increases seen last year.

Market Summary as per 25/01/2023:

European equities Wednesday closing. The DAX futures contract in Germany traded down 0.08% at 15081.64, CAC 40 futures down 0.09% at 7043.88. UK 100 futures contract in the U.K. down 0.16 at 7744.87

In the U.S. on Wall Street, the Dow Jones Industrial Average Closed up 0.03% at 33743.84. The S&P 500 down 0.02% at 4016.22 and the Nasdaq 100 down 0.18% at 11313.36, NYSE 0.13% closes at 15889.27.

TECHNICAL SUMMARY​

GBPUSD TECHNICAL ANALYSIS


TRADE SUGGESTION – BUY AT 1.23990, TAKE PROFIT AT 1.24775, SL AT 1.23286


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Fundamental News And Technical Analysis Report – 27 January 2023​

BOJ USES THE FUNDS-SUPPLY WEAPON ONCE MORE AS YIELDS BEGIN TO RISE.
​
Asian stock market closes in green on Thursday. The Shanghai Composite is up 0.76% at 3264.81. Overall, the Singapore MSCI is up 0.68% at 308.52. Over in Hong Kong, the Hang Seng Index is up 2.37% at 22566.78. In Japan, the Nikkei 225 is down 0.12 at 27362.75. While the Topix index is down 0.12% at 1978.40, South Korea’s Kospi is up 1.65% at 2468.65. Australia S&P/ASX 200 down 0.30% at 7468.30.

TOP NEWS OF THE DAY: –​

The Bank of Japan said on Friday it will extend five-year loans against collateral to financial institutions, the second time it has made such an offer after ramping up the funds-supply operation this month to defend its yield control policy.

The announcement underscores the central bank’s resolve to prevent simmering market speculation of a near-term interest rate hike from pushing up bond yields too much.

The BOJ will conduct the funds-supply operation on Tuesday, under which it will offer loans with a five-year duration from Feb. 1, it said in a statement.

The amount of loans to be offered will be announced on Tuesday, it added.

The announcement came after the 10-year Japanese government bond (JGB) yield crept up near the BOJ’s 0.5% cap on Friday, partly on data showing core consumer inflation in the capital Tokyo hit a near 42-year high of 4.3% in January.

In the previous offer made on Monday, the BOJ extended five-year loans worth 3.13 trillion yen ($24.09 billion). The minimum bid interest rate was 0.110%.

At this month’s policy meeting, the BOJ amended rules for the funds-supply operation, so it can pump funds extending up to 10 years to financial institutions against collateral.

Market Summary as per 26/01/2023:

European equities Thursday closing. The DAX futures contract in Germany traded up 0.34% at 15132.85, CAC 40 futures up 0.74% at 7095.99. UK 100 futures contract in the U.K. up 0.21 at 7761.11

In the U.S. on Wall Street, the Dow Jones Industrial Average Closed up 0.61% at 33949.41. The S&P 500 up 1.10% at 4060.43 and the Nasdaq 100 up 1.76% at 11512.41, NYSE 0.61% closes at 15985.87.

TECHNICAL SUMMARY​

GBPUSD TECHNICAL ANALYSIS


TRADE SUGGESTION – BUY AT 1.24245, TAKE PROFIT AT 1.24800, SL AT 1.23571

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Fundamental News And Technical Analysis Report – 15 February 2023​

JAPANESE PRIME MINISTER SAYS HE HOPES NEW BOJ CHIEF WILL HEED GOVERNMENT GOAL OF HIGHER WAGES

Asian stock market closes in green on Tuesday. The Shanghai Composite is in green 0.28% at 3293.28. Overall, the Singapore MSCI is down 0.05% at 300.95. Over in Hong Kong, the Hang Seng Index is down 0.24% at 21113.76. In Japan, the Nikkei 225 is up 0.64 at 27602.77. While the Topix index is up 0.78% at 1993.09, South Korea’s Kospi is up 0.53% at 2465.64. Australia S&P/ASX 200 up 0.18% at 7430.90.

TOP NEWS OF THE DAY: –​

Japanese Prime Minister Fumio Kishida said on Wednesday he hoped the central bank’s new leadership will take into account the government’s goal of achieving higher wages and sustained economic growth, in guiding monetary policy.

Kishida also said it was premature to say whether the government and the Bank of Japan (BOJ) should revise a joint policy statement, which commits the BOJ to achieve its 2% inflation target at the earliest date possible.

“We’d like to achieve structural wage growth and sustainable economic growth. I hope the new BOJ leadership guide policy taking account our policy direction,” Kishida told parliament.

The government on Tuesday named academic Kazuo Ueda as its pick to become next central bank governor, a surprise choice that could heighten the chance of an end to its unpopular yield control policy.

Market Summary as per 14/02/2023:

European equities Tuesday closing. The DAX futures contract in Germany traded down 0.11% at 15380.56, CAC 40 futures up 0.07% at 7213.81. UK 100 futures contract in the U.K. up 0.08 at 7953.85.

In the U.S. on Wall Street, the Dow Jones Industrial Average Closed down 0.46% at 34089.27. The S&P 500 down 0.03% at 4136.13 and the Nasdaq 100 up 0.57% at 11960.14, NYSE 0.17% closes down at 16025.11.


TECHNICAL SUMMARY​

GBPUSD TECHNICAL ANALYSIS


TRADE SUGGESTION – SELL AT 1.21328, TAKE PROFIT AT 1.20566, SL AT 1.21836

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Fundamental News And Technical Analysis Report - 17 February 2023​
​
WITH HAWKISH FED REMARKS, THE DOLLAR JUMPS TO A SIX-WEEK HIGH​

Asian stock market closes in green on Thursday. The Shanghai Composite is in red 0.96% at 3249.03. Overall, the Singapore MSCI is up 1.41% at 301.45. Over in Hong Kong, the Hang Seng Index is up 0.84% at 20987.67. In Japan, the Nikkei 225 is up 0.71 at 27696.44. While the Topix index is up 0.67% at 2001.09, South Korea’s Kospi is up 1.96% at 2475.48. Australia S&P/ASX 200 up 0.79% at 7410.30.

TOP NEWS OF THE DAY: –​
The U.S. dollar surged to a six-week high in early European trade Friday, after strong U.S. economic data and hawkish comments from Federal Reserve policymakers pointed to more interest rate hikes.

At 02:00 ET (07:00 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.5% higher at 104.345, on track for a third consecutive week of gains.

Data released Thursday pointed to a resilient U.S. economy, as the number of Americans filing for unemployment benefits declined unexpectedly last week, while producer prices accelerated in January.

This was followed on from retail sales rebounding sharply in January after two straight monthly declines and consumer inflation coming in stronger than expected earlier in the week.

“The data provides ammunition for the Fed to remain in hawkish mode and for the market to continue to price two to three more 25bp Fed rate hikes by the summer,” said analysts at ING, in a note.

Market Summary as per 16/02/2023:

European equities Thursday closing. The DAX futures contract in Germany traded up 0.18% at 15533.64, and CAC 40 futures up 0.89% at 7366.16. UK 100 futures contract in the U.K. is up 0.18 at 8012.53.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed down 1.26% at 33696.85. The S&P 500 was down 1.38% at 4090.41 and the Nasdaq 100 was down 1.78% at 11855.83, NYSE 0.89% closes at 15873.78.


TECHNICAL SUMMARY​

GBPUSD TECHNICAL ANALYSIS

TRADE SUGGESTION – SELL AT 1.20090, TAKE PROFIT AT 1.19608, SL AT 1.20262

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Fundamental News And Technical Analysis Report - 24 February 2023​

GERMANY’S FOURTH-QUARTER GDP SHRANK BY 0.4%​

Asian stock market closes in red on Thursday. The Shanghai Composite is in red by 0.11% at 3287.48. Overall, the Singapore MSCI is in red 1.01% at 295.15. Over in Hong Kong, the Hang Seng Index is down 0.35% at 20351.35. In Japan, the Nikkei 225 is down 1.34 at 27104.32. While the Topix index is down 1.11% at 1975.25, South Korea’s Kospi is up 0.89% at 2439.09. Australia S&P/ASX 200 up 0.27% at 7304.90.

TOP NEWS OF THE DAY: –​

The German economy contracted at the end of the year, as inflation and the energy crisis took their toll on household consumption and capital investment.

The German economy shrank by 0.4% in the fourth quarter of 2022 compared with the previous three months, the statistics office said on Friday.

Preliminary data from the office had pointed to a 0.2% quarter-on-quarter contraction adjusted for price and calendar effects. In the third quarter of 2022, GDP saw slight growth of 0.5% compared to the three months prior.

After relief measures such as the fuel discount and the 9-euro transport ticket ended, consumers spent less on consumption in the fourth quarter than in the third quarter, the statistics office said. Household spending was down 1.0%.

Market Summary as per 23/02/2023:

European equities Thursday closing. The DAX futures contract in Germany traded up 0.49% at 15475.69, and CAC 40 futures up 0.25% at 7317.43. UK 100 futures contract in the U.K. is down 0.29 at 7907.72.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.33% at 33153.91. The S&P 500 up 0.53% at 4012.32 and the Nasdaq 100 up 0.72% at 11590.40, NYSE is up 0.35% closing at 15584.92.

TECHNICAL SUMMARY​
GBPUSD TECHNICAL ANALYSIS

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image-236.png


TRADE SUGGESTION – SELL AT 1.20156, TAKE PROFIT AT 1.19912, SL AT 1.20366


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Fundamental Analysis Report With Charting Trends - 07 March 2023​

MARKET UPDATE:​

The market started the week quietly yesterday, as many participants had anticipated, with most items trading in well-known ranges. There was little excitement for the Asian open as all the main American indices concluded the day nearly flat. Most of the major currencies continued to trade in very narrow ranges against the dollar, and US government yields concluded the day somewhat higher.

Despite a very dull (and expected) start to the week, traders anticipate ending it in a little more jaded manner due to the onslaught of economic data and central bank releases they will face as the sessions go on. The big event of the day will be Jerome Powell’s semi-annual testimony before Congress, and because the markets have been leaning more hawkish in response to recent US data, every word the Fed Chair says will be heavily scrutinized. Any changes in the recent outlook and language could cause some strong moves across all markets, as benchmark US rates are currently near multiyear highs.

Looking ahead to today’s trade, the RBA starts off for the Asian session with its most recent cash rate announcement and statement. Another 25 bps are largely anticipated from them, but any change in Governor Phillip Lowe’s forward guidance may cause market volatility. Until we hear from the Fed Chair later in the day, it’s rather calm during the European session and into the North American time zone.

HOW DID THE US SESSION GO?​

Ivey PMI for Canada dropped to 51.6 from 60.1, below the predicted value of 55.9. $ Factory Orders m/m declined by 1.6%, less than the previous value of 1.7% but better than the expected -1.8% decrease. The data shows that both currencies’ economic performance has been inconsistent, with a modest negative skew.

WHAT DOES IT MEAN FOR THE ASIAN SESSION?​

The RBA’s interest rate decision (anticipated to increase by 25 basis points) and its forecast for the rate hike path would take centre stage. The Australian dollar could fall below the five-day range, or about between 0.6700 and 0.6780, in response to a dovish rate statement.

THE DOLLAR INDEX (DXY)​
KEY NEWS EVENTS TODAY​
Fed Chair Powell Testifies

TECHNICAL OUTLOOK​
GBPUSD​
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Price is being driven lower by a descending resistance line approaching our first support, multiple-swing low support at 1.1923. It’s important to note that the Ichi Moku cloud is also exhibiting negative momentum, which may strengthen our belief that the price will continue to decline.

Our first resistance, which is a multiple swing high resistance and coincides with the 61.8% Fibonacci retracement, is at 1.2144.


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Fundamental Analysis Report With Charting Trends- 16 March 2023​

MARKET UPDATE:​

Credit Suisse loses 25% and crashes the market.

Last night, as the share price of Swiss multinational Credit Suisse plummeted by almost 25% in a single trading session, concerns about contagion in the banking sector came true. Though not to the extent that some investors may have anticipated earlier in the day, American stock indices suffered, with the Dow ending the day down 0.87%, the S&P down 0.7%, and the Nasdaq only managing to finish in the black. On hearing the news, Haven Gold and the USD rose, while the Euro and Swiss fell.

ECB Important Rate Decision

As the European Central Bank is ready to announce its most recent rate decision, the timing of yesterday’s market turbulence could not have been worse. At the start of yesterday’s session, we would have been confidently talking about a rate hike but chances of that dropped dramatically during the day, from 90% chance of a 50bp hike down to 20% by the close. It would be a shock to the market if we see 25bps or even no change, but these are once again unprecedented times for both traders and indeed central banks, so be prepared for more moves in the single currency in the days ahead.

Another Day of Market Chaos Upcoming?

Looking ahead to the rest of the trading day, anticipate once more that investors will be examining each new news on the banking industry. In terms of economic data releases, the Asian session already saw an unexpectedly positive outcome for Australian employment numbers. The regular weekly US employment claims numbers come out later in the day, and the critical ECB rate announcement with its accompanying statement and press conference comes right after.

What does it mean for the Asian Session?

The rebound of risky assets is likely to be constrained by lingering worries about the risks of contagion from the American financial industry. More banks, even those outside the US, might report problems if history is any indication. In this case, it is very likely that investors will seek “safe haven” in the Swiss Franc, Japanese Yen, and gold.
TECHNICAL OUTLOOK​
GBPUSD​
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The price of the pound presently could move between the first support level at 1.1927 and the first resistance level at 1.2139 on the GBP/USD chart.

An overlap support level at 1.1927 acts as the first support level and could offer the price significant support if it declines. Moreover, there is an overlap support level at 1.2010 that coincides with a 50% Fibonacci retracement, serving as an intermediate support level.

The initial resistance level, however, which is at 1.2139, is an overlap resistance level. Price may move upward towards the second resistance level at 1.2208 if it were to break through this level.


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Fundamental Analysis Report With Charting Trends- 27 March 2023​

MARKET UPDATE:​

Continued Volatility on the Stock Markets​

As a result of the upheaval in the banking sector and central bank activity, the investor roller coaster persisted on Friday as global market indices remained volatile. At the end of another long week, the US market defied the trend by seeing all three major indices close higher: the Dow rose 0.41%, the S&P gained 0.56%, and the Nasdaq gained 0.3%. There was a sea of red on European and Asian stock exchanges. Fed speakers who all gave the market assurances about the soundness of the banking system supported US markets, and the dollar’s recovery from the post-Fed decline was continued. Treasury’s remained in their current levels, and gold concluded the day marginally lower.

Dollar in Favour: Friday’s gains were 0.5% higher

The dollar suffered a little last week as currency markets focused on the likely end of the FOMC’s rapid tightening cycle after the Federal Reserves raised expectations by 25 basis points. The dollar gained much of its lost territory versus the majors back during the last few trading days of the week, though. As central banks seek confidence in the wake of recent banking sector concerns, traders are currently searching for the next catalyst for currency changes. In terms of interest rate differentials, this appears to be a difficult call in the short term. Greater concerns have mainly overshadowed US statistics for the past few weeks, but at the end of last week we had two stronger prints: the weekly unemployment claims and the PMI numbers. If these readings continue to indicate to higher inflation in the US, anticipate the currency to increase.

This week’s market will be dominated by investor worries.

Apart from the German IFO Business Climate statistics today, there isn’t much scheduled to spook the scoreboard this coming week in terms of economic data releases. Investors will be able to assess the recent weeks’ extraordinary volatility and perhaps begin to anticipate the emergence of a clearer picture as a result. There are, of course, no assurances in this, and there is still a high likelihood of abrupt, aggressive changes, so as we move into what we hope will be slightly more favorable market conditions, traders should anticipate being heavily focused on the newswires.

TECHNICAL OUTLOOK​
GBPUSD​
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The general momentum of the GBP/USD chart is currently neutral, indicating that the price may move back and forth between the first resistance and first support levels.

The first support level is located at 1.1630 and is an overlap support that lines up with a 38.20% Fibonacci retracement. This level can serve as a significant region of buying interest. In addition, a pullback support level at 1.1826 is an intermediate support level that might be used if the price were to decline from the current level.

On the resistance side, the first resistance level, which is a swing-high resistance, is located at 1.2440. Price could experience selling pressure at this level if it were to rise from its current level. 1.2671 is the second resistance level, which is also an overlap resistance.

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Fundamental Analysis Report With Charting Trends- 12 April 2023​

FUNDAMENTAL REPORT FORECAST​

MARKET UPDATE:​

As investors awaited critical inflation data and the unofficial start of the first-quarter reporting season, Wall Street equities lost momentum late in the session and ended the day with a mixed performance.

It’s the quiet before the storm, said Detrick. “Traders are adopting a wait-and-see strategy to see how the inflation data comes in, given the importance of tomorrow’s inflation data, the impending release of the Fed minutes, and the impending earnings season.”

Analysts predict that the headline and core CPI will decline to 0.2% and 0.4%, respectively, monthly. The core measure, which excludes volatile food and energy costs, is anticipated to gather steam, climbing to 5.6% from 5.5%, even though consensus projections call for a considerable decline in the headline number – to 5.2% from 6.0%.

West Texas Intermediate (WTI) crude increased by 1.5% to $90.18 per barrel, while Brent crude increased by 1.3% to $94.12 per barrel. Concerns about supply disruptions in important producing nations and growing demand as the world economy keeps improving were the main factors driving the increase in oil prices.

Spot gold rose barely 0.1% to $1,776.25 an ounce, remaining virtually unchanged as investors adopted a wait-and-see attitude in the face of conflicting market sentiment.

The US Dollar Index, which gauges the dollar’s strength against a basket of other currencies, fell 0.1% to 96.62, showing the dollar’s marginally declining value relative to other important currencies.

Technical Outlook​
GBPUSD​
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The price of the GBP/USD currency pair has broken below an ascending support line, which may be a sign that a negative move is possible. The chart of the pair is currently displaying bearish momentum.

The first support level, which is located at 1.2349, is an overlap support level, meaning that it has previously served as support and may do so again in the future.

At 1.2274, the second support level—also an overlap support level—is located. At this level, the price might also find support if it were to keep dropping.

The 50% Fibonacci retracement level and the first resistance level, which is an overlap resistance level, are both located at 1.2439. Price might perhaps encounter resistance at this level and start to decline in the direction of the support levels if it were to increase.

The second resistance level is located at 1.2526 and is a multi-swing high resistance level, meaning it has previously served as resistance and might do so again in the future.

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Fundamental Analysis Report With Charting Trends- 30 May 2023​

MARKET UPDATE:​

MARKETS BOOSTED BY DEAL OPTIMISM FOR DEBT​

Yesterday’s bullish day for the world’s markets was fuelled by hope for a Washington, DC, debt ceiling agreement. Numerous important financial markets were closed due to bank holidays, but futures markets managed to edge up. The S&P futures were up 0.3%, and the Nasdaq futures moved up by 0.4%. These advances came on top of big gains on Friday when Wall Street was last open. As markets begin to further price in another rate hike from the Fed, Treasury futures have likewise adopted a more aggressive tone. The dollar experienced a rather stagnant session as FX traders took advantage of the holidays to relax, but things might pick up today.

AFTER A LONG WEEKEND, MARKETS ARE EXPECTED TO MOVE.​

Today’s opening of the financial markets follows a long weekend for several major cities. Although a significant portion of the European and North American markets were closed yesterday, the Asian market was open, and investors anticipate that today’s markets will be more liquid and volatile than usual. The agreement on the debt ceiling was undoubtedly the main news over the weekend coming out of the US, and further reports yesterday have been encouraging, so anticipate that attitude to lead as markets reopen. In the Asian and European sessions, there aren’t many data releases today, but the CB Consumer Confidence data will start the tier 1 figures in the New York session, with the market anticipating a 99.1 print.

TECHNICAL OUTLOOK​
GBPUSD​
image-427-1024x709.png

A bearish symmetrical triangle pattern on the GBP/USD chart indicates a bearish momentum now.

A considerable support area, known as overlap support, is provided by the first support level at 1.2279.

A second support level at 1.2192 similarly overlaps support, and it is also present. This level’s usefulness as a possible support region is further supported by prior occurrences of price movement bouncing off it.

On the resistance side, an overlap resistance is represented by the first resistance level at 1.2377. The bearish trend may temporarily stall or retrace because this level acts as a temporary barrier to price increases.

A second resistance level at 1.2470 is also present and is known as an overlap resistance. It has been demonstrated in the past that this level is significant as a price level when selling pressure has developed.

EURUSD​

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Fundamental Analysis Report With Charting Trends - 06 June 2023​


MARKETS CONSOLIDATE BEFORE CENTRAL BANKS​

After a good week-ending, global markets had a day of consolidation yesterday, albeit at elevated levels. As investors considered next week’s Fed announcement, the major US indices experienced a mixed day, with the Dow losing 0.59%, the S&P declining 0.2%, and the Nasdaq closing just over flat. The ISM Service PMI came out weaker than expected at 50.3 versus the predicted 52.6, which caused the dollar to take a slight dip following the first significant data release of the week from the US. Oil dropped back after its OPEC-inspired spike, and WTI returned to trading around the $72/barrel level. Gold bounced off the $1,940 mark once more.

CENTRAL BANKS AND UPCOMING DATA​

As there were few macroeconomic data releases on the calendar yesterday, the financial markets had a little break. Today, however, there are a few significant events coming up. The Australian market, where the RBA will publish its most recent rate decision, will be the center of attention throughout the Asian session. Investors are divided over their course of action. Major announcements are absent from the European session, but the US session is expected to shift attention to Canada when the Ivey PMI statistics are released as a preview of tomorrow’s Bank of Canada decision.

TECHNICAL OUTLOOK​
GBPUSD​
image-87-1024x628.png


The bullish momentum on the GBP/USD chart indicates an upward trend.

1.2377 is the initial support level, which is also known as overlap support. Price has already bounced off overlap support, showing that it is an important level where buyers may enter the market.

1.2306 is a swing low support and serves as the second level of support. During the most recent downward price movement, this price level served as support; it may do so once more.

1.2467 is the initial resistance level. The 50% Fibonacci retracement level and an overlap resistance level both indicate this level.

1.2536 is the second resistance level. As an overlap resistance level that is also at the 61.8% Fibonacci retracement level, this level is further strengthened. Resistance and a significant Fibonacci level together frequently signal a firm price ceiling.


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Fundamental Analysis Report With Charting Trends - 07 June 2023​

MARKETS TAKE A DIVERSION BEFORE THE DATA.​

The bulk of the main stock indices had reasonably calm days yesterday, which gave the global financial markets a brief respite. In the US, the major indices all closed slightly higher on the day, with the Dow up 0.03%, the S&P up 0.24%, and the Nasdaq up 0.36%. The RBA’s unexpected rate increase for the second time in a row and news from the US that the SEC is still targeting cryptocurrency companies, this time with Coinbase facing charges, was the day’s major highlights. With the exception of the Australian dollar following the RBA decision, the dollar rose against the majority of the major currencies on the day.

YET ANOTHER CENTRAL BANK, ANOTHER DAY​

Yesterday was a pretty calm day for the markets, and as the trading day goes on, investors will be turning to the event calendar for some new vigor. With the announcement of the most recent GDP figures this morning, the Asian market will once more turn its attention to Australia first. A 0.3% increase in quarter-over-quarter statistics is anticipated. Investors will be watching today’s release of Chinese trade data in hopes of some encouraging results. Again, there aren’t many data releases during the European session, but the Bank of Canada’s most recent rate announcement will shift attention back to Canada at the start of the New York session.

WHAT HAPPENED IN THE ASIAN SESSION?​

Australia’s GDP growth for the quarter was 0.2% as opposed to the predicted 0.3% and the prior 0.6%, which is less than anticipated. This slower economic expansion could harm the AUD. Chinese trade balance data are mixed, with a lower USD-denominated trade balance of 65.8 billion dollars (compared to a forecast of 95.2 billion dollars and previous 90.2 billion dollars) and a higher CNY-denominated trade balance of 452 billion dollars (compared to a projection of 676 billion dollars and previous 618 billion dollars), which may indicate AUD volatility.

TECHNICAL OUTLOOK​
GBPUSD​
image-109-1024x605.png


The price is currently above a significant ascending trend line on the GBP/USD chart, indicating the possibility of additional upward movement.

This momentum suggests that the price may continue to rise in the direction of the first resistance level at 1.2467. The 50% Fibonacci retracement serves as a support for this level, which is designated as an overlap resistance level.

While the second support level at 1.2305 is a swing low support, the first support level at 1.2376 is known as an overlap support.

Furthermore, the second resistance level at 1.2536 is a high resistance with several swings.

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Fundamental Analysis Report With Charting Trends - 13 June 2023​

STOCK MARKETS ARE UP, WITH THE NASDAQ UP 1.5%.​

On hopes that the Fed will conclude its tightening cycle this week, US stock markets rose sharply once more yesterday. All the main US indices had good days, with the Dow rising 0.53%, the S&P rising 0.93%, and the Nasdaq once more setting the pace, closing 1.53% higher thanks to Apple Inc. reaching a record high. Both the S&P and Nasdaq reached highs not seen since April 2022. In contrast, other markets were far more muted, with Treasuries and FX trading in well-known ranges ahead of Wednesday’s FOMC meeting and tomorrow’s inflation data. Another notable example was the decline in the price of oil, with WTI falling more than 4% after a Goldman report was released with a much lower forecast for oil prices over the coming few months as supply appears to be outpacing demand despite production restrictions.

FED AND DATA IN FOCUS​

Before important inflation data is released in the US tonight, investors anticipate rather quiet trading conditions today. The CPI statistic is anticipated to reflect a decreasing rise in inflation, with the monthly increase predicted to be 0.2% rather than 0.4%, down from 4.9% y/y in April to 4.1% in May. Given the sharp swing in US equity markets overnight, traders are understandably apprehensive that a topside surprise in these statistics tonight might have a significant impact on Fed policy. As of right now, the market is pricing in a 77% likelihood that the FOMC won’t change interest rates on Wednesday, but if tonight’s report reveals that US inflation is still very much alive and well, then expect those odds to drop considerably.

WHAT HAPPENED IN THE ASIA SESSION?​

The 16.9% decline in visitor arrivals to New Zealand, which exceeded the prior 1.0% decline, may have weakened the NZD because of the decline in foreign inflow.

The Australian Dollar, on the other hand, has conflicting possibilities; a surprising 0.2% increase in Westpac Consumer Sentiment may boost the AUD, but a dismal -4 in NAB Business Confidence may lower its value.

TECHNICAL OUTLOOK​
GBPUSD​
weekly charts

A cautious upward turn in price movement is indicated by the weak positive momentum and low confidence now visible on the GBP/USD chart.

A bullish extension towards the first resistance level at 1.2575 is possible. This resistance level is important since it denotes a resistance overlap zone.

On the downside, it’s crucial to keep an eye on the initial support level at 1.2498. It provides potential price support and is at a 50% Fibonacci retracement level. Another region of support is the second support level at 1.2448, which also serves as a 38.20% Fibonacci retracement and an overlap support level.

TRADE SUGGESTION: BUY AT 1.25616, TP AT 1.26252, SL AT 1.25108​
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Fundamental Analysis Report With Charting Trends - 14 June 2023​

AFTER WEAKER CPI, MARKETS RISE – S&P UP 0.7%.​

The market’s anticipated release of the week’s major economic data last night indicated that the Fed will likely pause today. Equity markets once again reacted strongly when the US CPI data came in slightly below expectations for both the monthly and yearly comparative readings. The Dow lagged once more, rising only 0.43% on the day, while the S&P and Nasdaq both reached new yearly highs, rising 0.69% and 0.83%, respectively. Even so, there were notable outliers, with the USDJPY rising by almost 1% on the day and US treasury rates returning to a somewhat better bid at the day’s close as the fixed income market became more cautious ahead of the Fed statement later today.

THE DAY AHEAD OF THE FED​

In the upcoming trading sessions, the Fed won’t be the only topic of discussion, but let’s be honest, it will be! There aren’t many events scheduled for the Asian markets today, so they will likely continue the day’s strong momentum from the US. However, don’t be shocked if you see some profit-taking in all sessions before the major risk event. On the European Open, attention will once more be on the UK. After stronger job numbers yesterday, there were some significant changes, and today, the most recent GDP data will be announced; an m/m reading of +0.2% is anticipated. Before the FOMC announcement, we still must wait for the latest PPI data from the US session, which is expected to show a 0.2% gain for the Core PPI number and a 0.1% decrease for the PPI.

WHAT HAPPENED IN THE ASIA SESSION?​

Recent figures on the New Zealand economy point to an improved scenario. The current account deficit decreased from -10.07 billion NZD to -5.22 billion NZD, outperforming the predicted -6.95 billion NZD performance and perhaps strengthening the NZD. The Food Price Index increased by 0.3%, which is less than the previous 0.5% increase and suggests that inflationary pressure is still present. This could lead to central bank initiatives that could affect the NZD. As a result, these numbers show that the NZD’s future is uncertain.

TECHNICAL OUTLOOK​
GBPUSD​
image-228-1024x609.png


The bullish momentum on the GBP/USD chart at the moment suggests that the market is currently moving upward.

The price could move upward towards the first resistance level at 1.2676 after a bullish bounce off the first support level at 1.2588.

As overlap supports, the first and second support levels at 1.2588 and 1.2543, respectively, are noted for their importance in generating prospective buyer interest.

On the upside, the overlap resistance at the initial resistance level of 1.2676 may serve as a barrier to price movements in the direction upward.

A probable area of resistance is further supported by the fact that an intermediate resistance level at 1.2651 exhibits Fibonacci confluence with a -27% Fibonacci Expansion and the 78.60% Fibonacci Projection.

TRADE SUGGESTION: BUY AT 1.26107, TP AT 1.26532, SL AT 1.25831​
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Fundamental Analysis Report With Charting Trends - 16 June 2023​


CENTRAL BANKS DRIVE MARKET SURGE – DOW CLIMBS 1.25%.​

INTRODUCTION​

In an eventful trading day, global indices are set to soar, igniting a wave of optimism among investors. The European Central Bank’s anticipated rate hike has propelled the single currency to levels unseen in over a month, making it the focal point of a bustling day in the financial calendar. Following the Federal Reserve’s decision to pause, stock enthusiasts flocked to the US markets during its first full session, with the Dow leading the way, surging by 1.26%. The S&P and Nasdaq closely followed suit, ending the day up 1.22% and 1.15%, respectively. With mounting positivity, the dollar experienced a notable dip of nearly 0.8%, while gold embarked on a robust rally after initially hitting multi-month lows.

BANK OF JAPAN AND UPCOMING DATA​

The Bank of Japan (BoJ) is scheduled to reveal its latest rate update, accompanied by the customary statement and press conference, further intensifying an already action-packed week on the economic front. Given the considerable volatility witnessed this week, traders are bracing themselves for more sharp movements in the yen surrounding this event. The European session is expected to be relatively calm, but as the US session commences, the University of Michigan Consumer Sentiment data and Federal Reserve Governor Christopher Waller’s announcements are bound to generate additional market activity.

US SESSION HIGHLIGHTS​

U.S. Core Retail Sales experienced a slight decline of 0.1%, in contrast to the previous 0.4%.
The Empire State Manufacturing Index, soaring from -31.8 to 6.6, surpassed projections and indicated a robust resurgence in manufacturing.
US retail sales showed a modest gain of 0.3%, surpassing expectations of a 0.2% decline.
The number of unemployment claims in the US remained steady at 262K, suggesting a stable job market, albeit without rapid improvement.
IMPLICATIONS FOR THE ASIAN SESSION​
As the Bank of Japan prepares to announce its monetary policy decisions, the USD/JPY pair hovers just above the 140.00 mark. A hawkish outcome would likely push the pair down to 139.30 before reaching 139.00. Conversely, a climb to 141.00, followed by a retest of the recent intra-day highs around 141.50, is conceivable for the Dollar Yen.

THE JAPANESE YEN (JPY)​

KEY NEWS EVENTS TODAY​

Monetary Policy Statement
BOJ Policy Rate
BOJ Press Conference

GBPUSD: BEARISH MOMENTUM SUGGESTS A NEGATIVE MARKET TREND​
chart-1-1.png


INTRODUCTION​

In the world of forex trading, the GBP/USD chart has recently been showing strong bearish momentum, indicating a market trend moving in the negative direction. Traders and investors need to pay close attention to the current market conditions.

RESISTANCE AND SUPPORT LEVELS​

Resistance Level 1: 1.2685
A potential bearish reaction may occur at this level, possibly leading to a subsequent slide toward the first support level.
Support Level 1: 1.26952
This level holds significance as pullback support, attracting buyers and offering market stabilization.
Resistance Level 2: 1.28467
The presence of the 61.80% Fibonacci Projection further emphasizes this level’s relevance as a potential resistance region.

TRADE SUGGESTION​

For traders considering a position in GBP/USD, a sell trade can be considered with the following parameters:

Entry Point: 1.27865
Take Profit: 1.27358
Stop Loss: 1.28142
By following this trade suggestion, traders can potentially capitalize on the current bearish momentum in the market.

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Fundamental Analysis Report With Charting Trends - 22 June 2023​

Central Bank Decisions And Testimony Drive Market Volatility​


Introduction​

In the wake of Federal Reserve Chair Jerome Powell’s testimony before the House Financial Services Committee, the US markets experienced a wave of uncertainty. The reaction to Powell’s comments was mixed, with stock markets bearing the brunt of his aggressive stance, while currency markets perceived him as insufficiently hawkish, resulting in a decline in the US dollar. This article examines the repercussions of Powell’s testimony and explores the expected market volatility in the coming days.

Markets React To Powell’s Testimony​

Nasdaq Bears The Brunt Of Powell’s Comments​

Powell’s testimony left a significant impact on the stock markets, with all major US indices closing in the red for the third consecutive day. Among them, the Nasdaq suffered the most, experiencing a daily decline of 1.21%. The decline was further exacerbated by a 5.5% drop in Tesla’s stock price. Meanwhile, the S&P and the Dow also experienced losses, with their values decreasing by 0.3% on the day.

Currency Markets React Differently​


Contrasting with the stock markets’ response, currency markets had a different take on Powell’s testimony. The Euro surged to new monthly highs, marking a 0.63% increase for the day. In contrast, the US dollar index plummeted by 0.43%. This discrepancy highlights the divergent reactions from investors and emphasizes the complex dynamics of the financial markets.

Anticipating Further Volatility​

Factors Contributing To Market Volatility​

The financial markets are bracing for another tumultuous day as investors face crucial central bank decisions, the release of tier 1 data, and additional testimony from Powell. The Asian market started off weakly following a disappointing day on Wall Street. With the absence of significant events on the calendar, the outlook for the Asian market remains pessimistic. However, once the European period begins, the situation may change, driven by significant rate calls from the Bank of England and the Swiss National Bank. The US session is also expected to witness heightened volatility, as the weekly unemployment report and Powell’s hearing before the Senate Banking Committee come into play.

GBPUSD: Strong Movement and Key Levels​

Introduction​

In the foreign exchange market, the GBP/USD instrument is currently displaying a robust overall movement, indicating significant price action. Traders are observing the possibility of a brief decline followed by a bounce toward the first resistance level. The support and resistance levels play a crucial role in determining the potential trading opportunities for market participants.

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Analyzing Support Levels​

First Support Level: Overlap Support And Fibonacci Retracements​

The initial support level at 1.2681 holds great importance due to its combination of overlap support, a 38.20% Fibonacci retracement, and a 50% Fibonacci retracement. This confluence of technical indicators adds to the level’s significance and trustworthiness. Additionally, the second support level at 1.2536 provides strong overlap support, reinforcing its relevance in the market.

Evaluating Resistance Levels​

First Resistance Level: Swing High Resistance​

On the upside, the first resistance level at 1.2823 acts as a significant barrier for the price. Instead of breaking past this level, it is more likely for the price to experience rejection near it. Traders should closely monitor the price action around this resistance level to identify potential trading opportunities.

Trade Suggestion For GBPUSD​

Considering the technical analysis, a trade suggestion for GBP/USD is as follows:

SELL at 1.2751
Take Profit (TP) at 1.2786
Stop Loss (SL) at 1.2730

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Fundamental Analysis Report With Charting Trends - 23 June 2023​

US Markets Display Mixed Sentiment Amid Debt Ceiling Crisis.​

Introduction​

In anticipation of new information regarding the debt ceiling crisis, the US markets experienced a mixed day yesterday. The Nasdaq saw a 0.5% increase, the S&P rose by 0.02%, and the Dow closed with a 0.42% gain. Despite the market’s closure, Speaker of the House Kevin McCarthy of the Republicans expressed confidence in ongoing negotiations, stating they are “on the right path.” However, he offered a few specific details to appease investors. Meanwhile, as Fed policymakers leaned towards a more hawkish stance, the dollar remained near recent highs, and short-term government rates maintained their strong position.


The First Data Wave Hits The Markets​

The US markets failed to generate much excitement among traders as they sent conflicting signals, adding to the anticipation of a potentially hectic trading week. Today, we can expect to be inundated with several PMI statistics for both manufacturing and services, which will shape market sentiment. The European market will receive data from France, Germany, the United Kingdom, and the Eurozone during the first few hours of trading. After the opening of trade in New York, the US Flash PMI numbers will be released. However, as the day progresses, the focus is likely to shift toward the US debt discussions, significantly impacting public opinion.

INSIGHTS FROM THE ASIAN SESSION​

During the Asian session, Australia’s Manufacturing PMI matched expectations at 48.0. However, the Services PMI missed forecasts, declining from 53.7 to 51.8 compared to the previous reading of 53.7. The JPY Manufacturing PMI reached 50.8, surpassing expectations. Additionally, the Core CPI y/y for the Bank of Japan rose to 3.0%, exceeding both the expected value of 2.8% and the previous recording of 2.9%. These findings indicate the weakness of the Australian dollar and the strength of the Japanese yen.

Implications For The European & US Sessions​

If the PMIs from Europe, the UK, and the US turn out to be significantly worse than anticipated, the Euro and the Cable may trade within a range prior to the release of corresponding manufacturing and services data. The ongoing uncertainty surrounding the US debt ceiling negotiations is likely to prevent any decline in the EUR or GBP caused by the data.

GBPUSD: Possibility of Additional Higher Movement​

Introduction​

In the realm of currency trading, the GBP/USD chart is currently displaying an intriguing pattern. The price of this currency pair is positioned above a significant ascending trend line as well as the bullish Ichi Moku cloud. Such a configuration indicates the potential for additional upward movement, catching the attention of traders.

Picture1-2.png


Factors Pointing Towards A Bullish Bounce​

Several factors contribute to the likelihood of a bullish bounce off the initial support level at 1.2698. Firstly, there is a Fibonacci confluence, which denotes the convergence of various Fibonacci levels. This confluence is further supported by overlap support, a 38.20% Fibonacci Retracement, and a 50% Fibonacci Retracement. Collectively, these elements present a strong case for a bullish scenario.

Journey Towards The First Barrier​

Traders anticipate a possible surge in price towards the first barrier at 1.2726. This particular level holds significance as it is characterized by a multi-swing high resistance. When combined with the aforementioned circumstances, the presence of this barrier strengthens the overall outlook for a bullish trend.

Trade Suggestion​

Based on the analysis and observations made, a prudent trade suggestion for traders would be to consider buying at 1.2703. Establishing a take-profit level at 1.2725 and setting a stop-loss order at 1.2689 would be advisable in order to manage potential risks effectively.

EURUSD: Potential for Upward Growth​

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Fundamental Analysis Report With Charting Trends - 07 July 2023​

Wall Street Faces Losses Amid Labor Market Strength and Rate-Hike Concerns.​

Introduction​
In a recent turn of events, Wall Street has witnessed a significant decline as concerns about a potential interest rate hike intensified. The strong performance of the labor market has led to an increase in bond yields, fueling these apprehensions. This article delves into the details of the market downturn and sheds light on the implications of the robust labor market for the economy.

Wall Street’s Sharp Decline​
Labor Market Strength Amplifies Worries​
The major indexes of Wall Street experienced a widespread sell-off on Thursday. This decline can be attributed to data that unveiled a robust labor market, surpassing expectations. The surge in private payrolls during June indicated a stable job market amid looming recession concerns. However, this positive report also amplified fears of an imminent interest rate hike by the Federal Reserve.

Historical Declines In The S&P 500 And Dow​
The repercussions of this data were evident as the S&P 500 registered its largest daily percentage decline since May 23. Similarly, the Dow faced its most substantial daily decline since May 2. These downward trends indicate the market’s response to the anticipation of monetary policy adjustments by the Federal Reserve.

Implications Of Labor Market Strength​
Stability Amid Recession Threats​
Despite concerns about a potential recession, the labor market has remained remarkably stable. The unexpectedly high growth in private payrolls during June has provided reassurance. It is worth noting that while there were fewer job postings in May, they were still at a relatively high level. These observations suggest that the job market continues to hold its ground amidst the prevailing economic uncertainties.

The Federal Reserve’s Dilemma​
At its June policy meeting, the Federal Reserve opted not to raise interest rates. However, there is an expectation that the interest rates will be revised during their July meeting. The case for a rate hike was presented by Dallas Fed President Lorie Logan, signaling a potential shift in monetary policy. The market’s reaction to this prospect was reflected in the increased bond yields and the subsequent sell-off.

GBPUSD: Bullish Momentum Remains Strong​
Introduction​
In the current market scenario, the GBP/USD chart demonstrates a bullish momentum, with the price positioned above a significant ascending trend line. Additionally, the ascending trend line acts as a strong support level, further confirming the positive outlook.

Picture1-6.png


Ascending Trend Line Provides Support​
Support Level 1: 1.2682​
The first support level at 1.2682 serves as pullback support, indicating a potential recovery in the near term. Traders and investors should closely monitor this level as it may offer a favorable buying opportunity.

Support Level 2: 1.2605​
Located at 1.2605, the second support level coincides with a 61.80% Fibonacci Retracement. This convergence of support levels enhances its significance and reinforces its role as a strong support zone.

Resistance Levels Indicate Potential Barriers​
Resistance Level 1: 1.2750​
The first resistance level at 1.2750 is challenged by a 78.60% Fibonacci retracement on the upside. This level presents a hurdle for the price to overcome and may slow down the bullish momentum temporarily.

Resistance Level 2: 1.2847​
Positioned at 1.2847, the second resistance level is characterized by high resistance with multiple swings. It represents a formidable barrier to the price and should be closely monitored by market participants.

Trade Suggestion​
For traders considering potential trades in the GBP/USD market, a compelling suggestion is to initiate a buy position at 1.2745, with a take profit (TP) level set at 1.2819. To manage risk, a stop loss (SL) order can be placed at 1.2690.

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Fundamental Analysis Report With Charting Trends - 13 July 2023​

Investor Sentiment Soars as Nasdaq Records Over 1% Gain on Inflationary Pressures Easing.​

Introduction​

In a positive turn of events, the Nasdaq led Wall Street to a higher close as a recent Consumer Price Index (CPI) report indicated a decline in inflation, providing a boost to investor sentiment. This article provides an overview of the market update, highlights key statistics, and discusses the implications for different trading sessions.


Nasdaq’s Rise And CPI Report​
Consumer Prices Show Smallest Annual Increase​
A recent study has revealed that consumer prices experienced their smallest annual increase in over two years, signaling a decline in inflationary pressures. This news instilled confidence among investors, leading to a surge in U.S. stocks on Wednesday.

Nasdaq Takes The Lead​
The Nasdaq emerged as the frontrunner, registering a gain of over 1% during the trading session. This rise in Nasdaq was primarily driven by shares of large tech-related businesses, which are known to be sensitive to changes in interest rates. The Technology sector saw a notable increase of 1.3%.

Impact On Interest Rates​
The statistics confirmed the predictions that the Federal Reserve might decide to leave interest rates unchanged. Earlier expectations suggested a 25 basis point increase at the upcoming decision meeting in July.

GBP/USD: Bullish Momentum Signals Potential Rise​
The GBP/USD pair is currently displaying signs of bullish momentum, indicating a possible upward movement. However, there is a possibility of a bearish reaction near the first resistance level, which could result in a decline toward the first support level.

processed-c69f181b-e253-4fb7-a248-fe41bbffd483_xwRJ1zU1.jpeg


First Support Level: 1.3003​
The first support level at 1.3003 serves as pullback support and offers potential price stability. Traders should watch this level closely as it may act as a support and prevent further decline.

Second Support Level: 1.2938​
Situated at 1.2938, the second support level is an overlap support that could potentially avert a deeper decline. Traders should monitor this level as it holds importance in supporting the price.

First Resistance Level: 1.3061​
On the upside, if the price rises, it may encounter resistance at the first level, which is at 1.3061. This pullback resistance level is reinforced by a Fibonacci confluence, combining a 78.60% Fibonacci projection and a 161.80% Fibonacci extension.

Second Resistance Level: 1.3146​
The second resistance level at 1.3146 is considered a swing-high resistance. If the market surpasses this level, it might pose a significant barrier to further price gains.

TRADE SUGGESTION:​
Entry: Buy at 1.3061
Take Profit: 1.3146
Stop Loss: 1.2993
EUR/USD: Positive Trajectory Points To Potential Rise​

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Weekly Technical Analysis & Price Market Strategy- 15 July 2023​

CPI Report, Retail Sales, and Employment Change: Key Events to Impact Global Markets.​

Welcome to our comprehensive market report for the upcoming week. In this analysis, we will provide you with valuable insights and expert analysis of the key events that will shape the global financial landscape. Our aim is to equip you with the knowledge necessary to make informed decisions and navigate the dynamic world of finance successfully.


The coming week presents a plethora of significant economic indicators and corporate announcements that will have a profound impact on various markets. We will closely examine the outcomes of these events to provide you with a clear understanding of their implications. Our team of experts has conducted meticulous research to ensure that you receive accurate and timely information.

Let’s delve into the highlights:

On July 19, 2023, the highly anticipated Consumer Price Index (CPI) for the United Kingdom will be released. This crucial economic indicator measures the change in prices of goods and services in a basket of consumer items. The outcomes of this report have far-reaching implications for the British pound (GBP) and its associated currency pairs. By carefully analyzing the CPI data, we can discern potential bullish or bearish trends in the GBP.

Scheduled for July 18, 2023, the Retail Sales report for the United States will provide a comprehensive overview of consumer spending, a critical driver of economic activity. By examining the change in the aggregate value of sales at the retail level across the country, we can gain valuable insights into the health of the U.S. economy. The results of this report will exert a significant impact on the U.S. dollar (USD) and its related pairs, guiding trading decisions.
Top Commodities in the Coming Week​
GOLD​
Picture2-14.png

GOLD is currently trading in an upward channel, indicating that an upside movement may be expected in the coming days.

The Relative Strength Index (RSI) is currently at 57.2, which is in the bullish zone. The Moving Average Convergence Divergence (MACD) is also in the bullish zone, with the MACD line and the signal line crossing each other. The Bollinger Bands are currently at $1,864.27, which is in the neutral zone.

On the daily chart, gold is trading just above the 200-day moving average, which could provide support in case of a market decline. However, a break below the 200-day moving average could lead to a more significant sell-off.

Here are some key levels to watch in the near term:

Support: $1,962.04
Resistance: $1,954.72
Trade Suggestion: BUY at $1,964.23, Take Profit at $1,989.75, Stop Loss at $1,941.62


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Fundamental Analysis Report With Charting Trends - 17 July 2023​

S&P 500 Sees Strong Weekly Gains Despite Banking Sector Woes.​

Introduction​

In this market update, we’ll take a look at the recent performance of the S&P 500, the impact of banks on the index, and the happenings in the Asia session. Additionally, we’ll discuss the implications for the Europe & US session, focusing on crude oil prices and the Euro. Finally, we’ll examine the current state of the Australian Dollar and the outlook for oil. Let’s dive in!

S&P 500 Weekly Performance​

Despite a slight decline on Friday, all three major U.S. stock indexes, including the S&P 500, posted significant weekly gains. While banks and financial equities were primarily lower on the day due to quarterly reports, the overall market showed strength. UnitedHealth Group’s stock rise helped offset some of the dips, following its stronger-than-expected earnings. However, the S&P 500 banking index experienced a 0.9% loss. JPMorgan Chase shares increased by 0.6%, while Wells Fargo saw a decrease of 0.3%. Despite higher quarterly earnings, the big banks expressed the need to increase their reserves for potential losses on commercial real estate loans. The most negatively affected sectors on the benchmark index were energy, down 2.8%, and financials, down 0.7%.

Asia Session Highlights​

During the Asia session, China released several important statistics, including GDP results, industrial production, and the unemployment rate. While the annual growth rate of the GDP was 6.3% YoY, slightly lower than the predicted 7.3%, the quarterly growth rate of 0.8% exceeded expectations of 0.5%. Industrial production expanded by 4.4% YoY, surpassing the estimated 2.7%. The unemployment rate remained unchanged at 5.2%. Overall, the readings were stronger than the corresponding forecasts.

GBPUSD Technical Analysis and Trade Suggestions​

Introduction
​
In this section, we will analyze the technical indicators and trade suggestions for GBPUSD (British Pound against the US Dollar) in the foreign exchange market. By examining various moving averages, oscillators, and support/resistance levels, we aim to provide valuable insights for traders.

23-07-17_02-52-53_GBPUSD.png


Exponential Moving Average (EMA)​

EMA 5: Buy Sentiment The 5-day EMA for GBPUSD stands at 1.3088, suggesting a buying sentiment.
EMA 20: Buy Indication The 20-day EMA displays a value of 1.2976, reinforcing a buy indication.
EMA 50: Buy Recommendation With a value of 1.2845, the 50-day EMA aligns with a buy recommendation.
Simple Moving Average (SMA)​
SMA 5: Sell Sentiment The 5-day SMA shows a value of 1.3101, indicating a selling sentiment.
SMA 20: Buy Stance The 20-day SMA records 1.2954, supporting a buy stance.
SMA 50: Buy Indication The 50-day SMA stands at 1.2798, signifying a buy indication.
RSI (Relative Strength Index)​
The RSI, calculated over a 14-day period, displays a reading of 73.75, suggesting a buy signal.

Stochastic Oscillator​

The %K value of the Stochastic Oscillator suggests a neutral condition.

Resistance And Support Levels​

Resistance: 1.3106
Support: 1.3078
Summary And Trade Suggestions​
Based on the technical analysis, GBPUSD presents a buy outlook. Traders may consider entering a long position, considering the indicators, moving averages, and oscillators.

Trade Suggestion:

Entry Point: 1.3132
Take Profit: 1.3162
Stop Loss: 1.3110
EURUSD Technical Analysis and Trade Suggestions​

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Fundamental Analysis Report With Charting Trends - 18 July 2023​

Tesla and Netflix Earnings Awaited as Wall Street Records Upward Momentum.​

Introduction​

In the latest market update, U.S. stocks closed higher on Monday as investors eagerly awaited the upcoming batch of quarterly results during the earnings season. Financial and technology firms played a significant role in driving the positive momentum. This news article will delve into the market update, providing insights into the earnings season and highlighting key events from the Asia session. Additionally, it will explore the implications for the Europe and U.S. sessions, focusing on the Dollar Index (DXY), the Australian Dollar (AUD), and the Kiwi Dollar (NZD). Let’s dive in!


Wall Street Performance​

Wall Street witnessed a positive trading week, with U.S. stocks ending higher on Monday. The upward trajectory was propelled by advancements in financial and technology companies. Notable companies, such as Tesla (TSLA.O) and Netflix (NFLX.O), are scheduled to report their earnings this week. Moreover, renowned banking institutions including Bank of America (BAC.N), Morgan Stanley (MS.N), and Goldman Sachs (GS.N) are also expected to release their earnings reports following last week’s reports from competitors like JP Morgan (JPM.N) and Citigroup (C.N). The market is keenly observing the business outlooks of these companies, considering the anticipated 8.1% decrease in earnings for the quarter, as revealed by Refinitiv data. This projection represents a slight deviation from the initial 5.7% reduction forecasted earlier this month.

Asia Session Highlights​

During the Asia session, the Reserve Bank of Australia (RBA) publicly disclosed the minutes of its July 4 monetary policy meeting. The board exhibited a hawkish tone, indicating its readiness to lower inflation. Despite a decline in domestic inflation, the labor market remains remarkably tight, and service inflation continues to be robust. Consequently, the Australian dollar experienced an increase, reaching 0.6840 upon the release of the minutes.

Implications For Europe & U.S. Sessions​
Given the limited economic data releases expected during the Europe session, the afternoon could be relatively calm, with most currency pairs trading within a narrow range. Notably, the markets may experience potential shocks from significant events scheduled later in the day, including Canadian inflation data, U.S. retail sales, and industrial output statistics.

GBPUSD: Technical Analysis Points Towards a Buy Outlook​

Introduction​

This news analyzes the technical indicators for GBP/USD (British Pound/U.S. Dollar) and provides trade suggestions based on the findings. By examining various moving averages, oscillators, and support/resistance levels, traders can gain valuable insights into market trends and make informed decisions.

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Exponential Moving Average​

EMA 5: The 5-day EMA stands at 1.3083, indicating a Buy sentiment.
EMA 20: The 20-day EMA displays 1.3002, reinforcing a Buy indication.
EMA 50: With a value of 1.2871, the 50-day EMA aligns with a Buy recommendation.

Simple Moving Average​

SMA 5: The 5-day SMA shows 1.3079, indicating a Sell sentiment.
SMA 20: The 20-day SMA records 1.2998, supporting a Buy stance.
SMA 50: The 50-day SMA stands at 1.2822, signifying a Buy indication.
RSI (Relative Strength Index)​
The RSI, calculated over a 14-day period, displays a reading of 68.94, suggesting a Buy signal.

Stochastic Oscillator​

The %K value of the Stochastic Oscillator suggests a neutral condition.

Resistance And Support Levels​

Resistance: The resistance level is identified at 1.3086.
Support: The support level is observed at 1.3051.
Summary And Trade Suggestions​
Based on the technical analysis, GBP/USD presents a Buy outlook. Traders may consider entering a long position, considering the indicators, moving averages, and oscillators.

Trade Suggestion:​

Entry Point: 1.3133
Take Profit: 1.3184
Stop Loss: 1.3091
EURUSD: Technical Analysis Points Towards A Strong Buy Sentiment​

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Fundamental Analysis Report With Charting Trends - 24 July 2023​

US Markets Await Federal Reserve Statement Amidst Lackluster Day.​

A Brief Break Before A Pivotal Week​

Last Friday, the US markets took a breather as investors prepared for a week filled with significant events, most notably the latest statement from the Federal Reserve. The Dow, S&P, and Nasdaq all had a lackluster day, with the Dow and S&P ending nearly flat and the Nasdaq falling 0.22%. While the dollar continued to rise slowly, US treasuries saw only a marginal increase, and currencies remained within their established ranges. However, oil prices surged again, with WTI and Brent each rising by 1.8%. Meanwhile, gold experienced a dip, closing at around $1,960 per ounce.


Central Banks To Drive Market Momentum​

Investors are gearing up for updates from three major central banks this week, and though few expect any shocks regarding actual interest rate shifts, many anticipate volatility leading up to these events as the banks provide crucial forward guidance. At the forefront is the Federal Reserve, where the odds of a 25bps rate increase stand at 99.8%. The Bank of Japan is expected to maintain its ultra-low-rate environment, and the European Central Bank is also predicted to deliver a 25bps increase. Traders in the foreign exchange market are ready to capitalize on future interest rate differentials.

Asia Session: Key Levels And Potential Impact​

Resistance Challenges Dollar Index (DXY)​

The dollar index (DXY) currently faces a significant resistance level at 101.10, leading to a temporary dip below 101 during the Asia session due to selling pressures on the US dollar. Trading volume and activity have been relatively low during this period, but as European markets come online and overall volume increases, we might see a shift in dynamics.

Europe & US Session Expectations​

Given the lackluster trading activity thus far, markets may receive a slight boost from the impending flash Composite PMI figures from Europe. Additionally, the US dollar might witness profit-taking after significant gains last week, potentially leading to a drop below 101 for the DXY.

GBPUSD​

23-07-24_01-16-02_GBPUSD.png

Exponential Moving Average​

EMA 5: A Strong Sell Signal​
The 5-day Exponential Moving Average (EMA) stands at 1.2861, suggesting a strong Sell sentiment in the GBPUSD currency pair.

EMA 20: Reinforcing The Sell Indication​
The 20-day EMA displays a value of 1.2922, reinforcing the Sell indication for GBPUSD.

EMA 50: Aligned With A Sell Recommendation​
The 50-day EMA aligns with a Sell recommendation as it stands at 1.2881 in the GBPUSD forex pair.

Simple Moving Average​

SMA 5: Indicating A Sell Sentiment​
The 5-day Simple Moving Average (SMA) shows 1.2855, indicating a Sell sentiment for GBPUSD.

SMA 20: Supporting The Sell Stance​
The 20-day SMA records 1.2979, supporting the Sell stance for the GBPUSD currency pair.

SMA 50: Signifying A Sell Indication​
With a value of 1.2873, the 50-day SMA signifies a Sell indication in GBPUSD.

RSI (Relative Strength Index)​
The Relative Strength Index (RSI) calculated over a 14-day period displays a reading of 39.39, suggesting a Sell signal in the GBPUSD forex pair.

Stochastic Oscillator​

The %K value of the Stochastic Oscillator suggests a Neutral condition for GBPUSD.

Resistance And Support Levels​
Resistance: 1.2897​
The resistance level for GBPUSD is identified at 1.2897, indicating a potential barrier for upward movement.

Support: 1.2839​
The support level for GBPUSD is observed at 1.2839, acting as a potential level of price support.

Summary And Trade Suggestions​
Based on the technical analysis, GBP/USD presents a Sell outlook. Traders may consider entering a short position, considering the indicators, moving averages, and oscillators.

Trade Suggestion:​
• Entry Point: 1.2806 • Take Profit: 1.2738 • Stop Loss: 1.2864

EURUSD​

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Fundamental Analysis Report With Charting Trends - 02 August 2023​

Fitch Downgrades US Credit Rating: What Does This Mean for Investors?​


Introduction​

In a move that has sent shockwaves across the financial world, rating agency Fitch has downgraded the United States from AAA to AA+, causing a ripple effect in global markets. This downgrade, while not entirely unexpected, has put traders on edge and has already had significant implications on Asian markets. In this article, we’ll delve into the details of Fitch’s decision and its impact on different financial assets and regions. We’ll also explore the outlook for the upcoming sessions and discuss how central banks and key economic indicators might influence market sentiment.


Fitch Downgrades The US: Initial Market Reactions​

As the New York market closed, the news of Fitch’s downgrade hit Asian markets hard, with opening rates in the negative territory. While the reaction has been relatively restrained so far, the downward trend in interest rates and stock futures, coupled with increased flows towards safe-haven currencies, suggests that further declines may be on the horizon once the Asian market resumes trading. Despite the Fitch report, US indices experienced a minor reprieve on the first trading day of the month, with the Dow up by 0.2%, the S&P down by 0.27%, and the Nasdaq down by 0.43%.

APAC Trading And Safe-Haven Assets​


In the wake of the Fitch downgrade, the Japanese Yen (JPY) and the Swiss Franc (CHF) experienced increased buying in the foreign exchange market. On the other hand, the Australian dollar fell against the US dollar and other major currencies following the Reserve Bank of Australia’s decision to hold interest rates steady earlier in the day. Interestingly, safe-haven assets like gold saw a rise in prices, trading 0.6% higher than the previous day’s low, as investors sought refuge amidst the uncertainty.

Market Volatility And Key Data Releases​

As the market braces for a potentially tumultuous period, it’s essential to keep an eye on key economic indicators and central bank actions. Before the highly-anticipated job numbers report later in the week, markets are expected to remain volatile. The Asian session, followed by the European session, is relatively calm in terms of macroeconomic data, but once the US session begins, things might become more intriguing. Investors will closely monitor Wall Street’s response to the Fitch downgrade, as well as critical data releases, such as the US Crude Oil Inventory numbers and the ADP Non-Farm Employment data.

GBPUSD​

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Exponential Moving Average​

EMA 5: The 5-day EMA stands at 1.2799, suggesting a Sell sentiment.
EMA 20: The 20-day EMA displays 1.2836, reinforcing a Sell indication.
EMA 50: With a value of 1.2855, the 50-day EMA aligns with a Sell recommendation.

Simple Moving Average​

SMA 5: The 5-day SMA shows 1.2785, indicating a Sell sentiment.
SMA 20: The 20-day SMA records 1.2844, supporting a Sell stance.
SMA 50: The 50-day SMA stands at 1.2922, signifying a Sell indication.

RSI (RELATIVE STRENGTH INDEX)​

The RSI, calculated over a 14-day period, displays a reading of 40.10, suggesting a Neutral signal.

Stochastic Oscillator​

The %K value of the Stochastic Oscillator suggests a Neutral condition.

Resistance And Support Levels​

Resistance: The resistance level is identified at 1.2803.
Support: The support level is observed at 1.2745.

Summary And Trade Suggestions​

Based on the technical analysis, GBP/USD presents a Sell outlook. Traders may consider entering a short position, considering the indicators, moving averages, and oscillators.

TRADE SUGGESTION:​

Entry Point: 1.2707
Take Profit: 1.2629
Stop Loss: 1.2766
EURUSD​

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Fundamental Analysis Report With Charting Trends - 04 August 2023​

Nervous Excitement Grips Traders as US Job Data Sparks Market Anticipation.​

In anticipation of important job numbers later today, investors meticulously analyzed changes in treasury yields, economic data, and profit reports yesterday. The day resulted in a mixed performance for US stock markets. The S&P experienced a slight decline of 0.25%, the Nasdaq, on the other hand, saw a modest rise of 0.08%, while the Dow ended the day lower by 0.19%. Sterling faced downward pressure after the Bank of England announced a 25bps raise, while the currency market had a relatively calm day, trading in narrow ranges but at the top of recent USD levels. The benchmark 10-year US Treasury note traded as high as 4.198% throughout the session. After the market closed, Amazon shares soared as it anticipated substantially greater third-quarter revenues than expected. Meanwhile, Apple’s shares fell due to weaker iPhone sales.

Important US Job Data Today​

Traders are keeping a close eye on the prestigious release for the financial markets today. Investors have long been focused on non-farm payrolls, now known as employment change, which has given many traders nightmares when unexpected prints took markets on rollercoaster rides they didn’t really need on a late Friday trading session. The Federal Reserve has stated that they are closely monitoring the data as they approach the end of their tightening cycle, adding even more significance to today’s event. The unemployment rate is expected to remain at 3.6%, and the headline number is projected to climb by 205K. However, if one of these expectations is significantly off, traders may find themselves getting back on the rollercoaster, whether they want to or not!

What Happened In The Asia Session?​

During the Board meeting in August, the potential for further tightening of monetary policy was considered. Nevertheless, it was ultimately concluded that keeping rates unchanged was the better course of action, considering the severe tightening of policy that has already occurred. Therefore, we might witness an increase in interest rates as the year draws to a close, and currency pairs like AUD/USD could eventually experience bullish momentum.

What Does It Mean For The Europe & US Sessions?​

The most important news event today will be the Non-Farm Employment Change in the United States. This is expected to create another exceptionally volatile session for both currencies and gold prices.

Expert Analysis: Forex And Cryptocurrency Trading Recommendations​

GBPUSD​

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Exponential Moving Average​

EMA 5: The 5-day EMA stands at 1.2709, suggesting a bearish sentiment.
EMA 20: The 20-day EMA displays 1.2772, reinforcing a bearish indication.
EMA 50: With a value of 1.2822, the 50-day EMA aligns with a sell recommendation.

Simple Moving Average​

SMA 5: The 5-day SMA shows 1.2699, indicating a bearish sentiment.
SMA 20: The 20-day SMA records 1.2787, supporting a bearish stance.
SMA 50: The 50-day SMA stands at 1.2893, signifying a sell indication.

RSI (Relative Strength Index)​

The RSI, calculated over a 14-day period, displays a reading of 36.42, suggesting a negative signal.

Stochastic Oscillator​

The %K value of the Stochastic Oscillator suggests a positive condition.

Resistance And Support Levels​
Resistance: The resistance level is identified at 1.2761.

Support: The support level is observed at 1.2679.

Summary And Trade Suggestions​

Based on technical analysis, GBP/USD presents a bearish outlook. Traders may consider entering a short position, considering the indicators, moving averages, and oscillators.

Trade Suggestion:​

Entry Point: 1.2640
Take Profit: 1.2538
Stop Loss: 1.2730
EURUSD​

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Fundamental Analysis Report With Charting Trends - 08 August 2023​

Nasdaq Lags as Dow Gains, Oil Prices Await API Stockpiles.​

Introduction​

In this dynamic market update, we delve into the recent surge in stocks, exploring the factors driving the rebound. We dissect the implications of Federal Reserve remarks on interest rates, the divergent CPI data between China and the US, and key news events shaping the Euro (EUR), Canadian Dollar (CAD), and Kiwi Dollar (NZD). As global markets oscillate, we provide insights into Asian, European, and US equities, along with commodity trends and significant news and data releases.

Rejuvenated Stock Market Momentum​

Dow Delivers Over 1% Gain Despite Fed’s Rate Remarks​
The stock market kicked off the trading week with gusto as major US indices demonstrated resilience against the backdrop of Federal Reserve members’ pronouncements. While Fed officials indicated a need for prolonged high-interest rates and hinted at potential future hikes, the Dow managed a remarkable 1.16% surge. This uptick stands as the Dow’s most substantial gain in over seven weeks, underlining investors’ willingness to embrace risk despite the monetary policy narrative. The S&P followed suit, ascending 0.9%, while the tech-laden Nasdaq, though trailing, still posted a 0.61% upturn.

US Treasury Yields Climb; Dollar Impact Muted​
While the Fed’s remarks spurred an uptick in US Treasury yields, the dollar’s response was subdued due to trading in narrow currency ranges. This curious reaction underscores the delicate balance of global currency dynamics, despite the underlying shifts in monetary policy outlook.

CPI Data Takes Center Stage​
Divergent Market Perspectives: China Vs. US​

The impending week places substantial emphasis on Consumer Price Index (CPI) data releases, particularly from the two largest economies – China and the US. These contrasting economic giants showcase divergent market perspectives. China’s CPI data is set to debut during the Asian session, with an anticipated 0.4% year-on-year decline. Such a downtrend might compel Chinese authorities to consider defensive measures against the looming threat of deflation. In stark contrast, the US economy is projected to exhibit year-on-year growth surpassing 3%, coupled with a 0.2% month-on-month expansion. This robust growth may bolster the assertive language voiced by Fed officials, amplifying the discourse on monetary policy outlook. The interplay between these differing economic trajectories and corresponding policy actions fuels fertile ground for FX traders seeking profitable opportunities.

Forex and Commodity Market Insights for Successful Trades​

GBP/USD: Navigating The Path​

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Exponential Moving Average (EMA)​

EMA 5: The 5-day EMA stands at 1.2754, signaling a bearish trend.
EMA 20: The 20-day EMA displays 1.2767, reinforcing the downtrend.
EMA 50: At 1.2808, the 50-day EMA aligns with a bearish sentiment.

Simple Moving Average (SMA)​

SMA 5: The 5-day SMA shows 1.2758, indicating a bearish market.
SMA 20: The 20-day SMA records 1.2759, supporting the sell stance.
SMA 50: The 50-day SMA stands at 1.2853, confirming the sell indication.
RSI (Relative Strength Index)​

The RSI, calculated over 14 days, presents a reading of 43.45, suggesting a negative market sentiment.

Stochastic Oscillator​

The %K value of the Stochastic Oscillator points to a positive condition.

Resistance And Support Levels​
Resistance: Identified at 1.2786
Support: Observed at 1.2730
Summary And Trade Suggestions​

Considering the technical analysis, GBP/USD showcases a bearish outlook. Traders may contemplate short positions based on indicators, moving averages, and oscillators.

Trade Suggestion:

Entry Point: 1.2674
Take Profit: 1.2584
Stop Loss: 1.2752
EURUSD: Unraveling The Dynamics​

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Fundamental Analysis Report With Charting Trends - 21 August 2023​

Euro’s Hidden Battle: Can it Rebound from 1.0845 Support or Face Further Decline?​

Last week proved to be a trying period for investors as mounting concerns manifested into tangible market risks. As the new week unfolds, investors are eagerly anticipating a more favorable outcome. Despite a relatively subdued weekend for the major US indices, the preceding damage has already been incurred. The S&P closed marginally down by 0.01%, the Nasdaq experienced a 0.2% dip, while the Dow managed a modest 0.07% uptick. The dollar’s streak of five consecutive weeks of gains has concluded, and US treasury rates have once again escalated. The benchmark 10-year note reached a 10-month pinnacle of 4.328%. Although the forthcoming week’s calendar is sparsely populated with events, investors are already casting their gaze towards the Jackson Hole symposium slated for week’s end, hopeful for fresh catalysts to rejuvenate sluggish markets.


Gold Bears Triumph In A Challenging Market​

Gold’s Struggle Continues with a 9% Retreat

Gold’s trajectory has been marked by adversity over the past few months, with its value plummeting by 9% from its previous all-time high reached in May. Recent days have seen this precious metal comfortably trading below the $1,900 threshold, leading traders to seek out new points for selling. While the dollar’s resurgent position has certainly contributed to this downturn, investors, accustomed to gold’s role as a haven during market downturns, find themselves puzzled by the dollar’s dominance. From a technical perspective, the shattering of recent support levels has paved the way for a potential plunge to $1,800, with initial resistance presenting itself at the $1,910 mark. Nevertheless, if risk-centric trades continue to dwindle, a resurgence is plausible as safe-haven assets eventually gain traction.

Insights From The Asia Session​

Quiet Start with Limited Catalysts

Monday offers little in the way of notable news stories that could serve as potential catalysts for currency pairs or commodities. Throughout the Asia session, the DXY fluctuated between 103.30 and 103.47, a pattern that might persist before Europe’s trading hours commence.

Outlook For The Europe & US Sessions​

The paucity of News Awaits Europe

The European schedule mirrors the dearth of impactful news, which could lead to major currency pairs trading within a constrained range until the initiation of the US session. The higher trading volume during the latter half of the day might provide a much-needed jolt for the markets.

Expert Analysis: Forex and Commodity Market Insights for Profitable Trading​

GBPUSD: Expert Technical Analysis For Trading Success​

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Exponential Moving Average (EMA) Insights​

EMA 5: The 5-day EMA stands at 1.2728, suggesting a potential Sell sentiment.
EMA 20: The 20-day EMA displays 1.2723, reinforcing the idea of a Sell indication.
EMA 50: With a value of 1.2747, the 50-day EMA aligns with a recommendation to Sell.

Simple Moving Average (SMA) Trends​

SMA 5: The 5-day SMA shows 1.2728, indicating a Sell sentiment.
SMA 20: The 20-day SMA records 1.2709, supporting a Buy stance.
SMA 50: The 50-day SMA stands at 1.2738, signifying a potential Sell indication.

Relative Strength Index (RSI) Insights​

The RSI, calculated over a 14-day period, displays a reading of 48.96, suggesting a positive signal.

Stochastic Oscillator Analysis​

The %K value of the Stochastic Oscillator suggests a Negative condition.

Resistance And Support Levels​

Resistance: The resistance level is identified at 1.2756
Support: The support level is observed at 1.2681
Summary And Trade Suggestions​

Based on the technical analysis, GBP/USD presents a Sell outlook. Traders may consider entering a short position, considering the indicators, moving averages, and oscillators.

Trade Suggestion:

Entry Point: 1.2634
Take Profit: 1.2509
Stop Loss: 1.2735
EURUSD: Technical Analysis For Informed Trading​

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Fundamental Analysis Report With Charting Trends - 22 August 2023​

Nvidia’s Meteoric Rise and HSBC’s Jaw-Dropping Prediction: Is This the End of Wall Street Predictions?​

In a whirlwind of market activity, tech giants like Nvidia have taken center stage, propelling the Nasdaq to remarkable gains, while investor attention remains fixated on the upcoming Jackson Hole conference. Let’s dive into the latest market updates and uncover the driving forces behind these significant movements.


Nvidia’s Earnings Drive Nasdaq’s Upward Trajectory​

Nvidia’s impending earnings announcement sent ripples through the stock market, with its shares experiencing a notable surge on Monday. This surge played a pivotal role in boosting both the Nasdaq and the S&P 500, leading them to close the day with more than a 1% increase. The positive momentum wasn’t confined to Nvidia alone, as other technology-related equities also enjoyed gains, painting a vivid picture of the tech sector’s impact on the broader market.

Dow Jones Dips Amidst Market Fluctuations​

While the Nasdaq and the S&P 500 were basking in their gains, the Dow Jones industrial average experienced a slight decline. This divergence in performance underscores the intricate interplay of various market factors that influence each index’s trajectory.

Anticipation Builds Ahead Of Jackson Hole Conference​

Investor apprehension is palpable as the countdown to the Jackson Hole conference begins. Scheduled to take place in scenic Wyoming, this conference will bring together central bankers from around the world to discuss pivotal monetary policy matters. The stakes are high, given that the yield on 10-year Treasury notes recently reached levels reminiscent of the 2007 Great Financial Crisis. All eyes are on Jerome Powell, the Federal Reserve chairman, as he prepares to take the stage on Friday to deliver a speech that could steer market sentiment.

Tech Sector Takes The Lead: S&P 500 And Nasdaq Benefit​

The technology sector emerged as a key driver of market gains, with the S&P 500 and Nasdaq reaping the most significant rewards. This surge was particularly pronounced in the SPLRCT, the technology sector’s S&P 500 subindex. Further underlining this trend, the semiconductor index (SOX) saw a notable uptick of 2.8%.

NVIDIA’S SOARING STOCK AND HSBC’S BULLISH OUTLOOK​

A standout performer, semiconductor manufacturer Nvidia witnessed an impressive 8.5% increase in its stock value. This surge can be attributed, in part, to HSBC’s decision to raise its price target for Nvidia shares to a staggering $780—a figure that now ranks as the second-highest on Wall Street. Such an optimistic outlook from a reputable financial institution further solidifies Nvidia’s position as a market leader.

GBPUSD: A Buy Outlook​

23-08-22_00-28-45_GBPUSD-1024x342.png


Exponential Moving Average

EMA 5: Standing at 1.2764, this suggests a Buy sentiment.
EMA 20: Displaying 1.2738, reinforces a Buy indication.
EMA 50: Aligned at 1.2751, the 50-day EMA supports a Buy recommendation.

Simple Moving Average

SMA 5: At 1.2766, this indicates a Buy sentiment.
SMA 20: Recording 1.2724, this supports a Buy stance.
SMA 50: Standing at 1.2735, this signifies a Buy indication.

RSI (Relative Strength Index) The RSI, calculated over 14 days, reads 61.13, suggesting a positive signal.


Stochastic Oscillator The %K value of the Stochastic Oscillator indicates a Positive condition.

Resistance And Support Levels

Resistance: Identified at 1.2819

Support: Observed at 1.2711
Summary And Trade Suggestions Based on technical analysis, GBP/USD presents a Buy outlook. Traders may consider entering a long position, considering the indicators, moving averages, and oscillators.

Trade Suggestion:

Entry Point: 1.2869
Take Profit: 1.2973
Stop Loss: 1.2788

EURUSD: Favorable For Long Position​

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Fundamental Analysis Report With Charting Trends - 29 August 2023​

Nasdaq Rockets 0.84% After Jackson Hole! What’s Behind This Explosive Surge?​

Introduction​

In the ever-changing landscape of financial markets, the US stocks have once again demonstrated their resilience as the Nasdaq rose by an impressive 0.84%. This surge comes on the heels of the Jackson Hole symposium, a gathering of economic minds that often sets the tone for market sentiment. As the week unfolds, all eyes are on the Federal Reserve’s data, providing investors with crucial insights into the future trajectory of interest rates. Let’s delve into the details of this market update and explore the implications for global investors.

Nasdaq Takes The Lead​

The Nasdaq, a stalwart among the three major US indices, stole the spotlight with its 0.84% rise on the heels of the Jackson Hole symposium. This advance was accompanied by gains in both the Dow and the S&P 500, indicating a promising start to the week for US markets.

Treasury Notes And Rate Speculations​

Amidst the market fervor, the benchmark 10-year Treasury note garnered attention as it hovered just below the 4.21% mark. Notably, US treasury rates witnessed a slight dip from earlier gains, a reflection of investor debates over the possibility of a third Fed boost. The outcome of these discussions could significantly influence market trends in the near future.

Forex Market’s Response​

While the recent news failed to generate significant excitement in the foreign exchange markets, there were notable fluctuations. The USDJPY initially surged to a high point before experiencing a decline by the end of the trading day. This contributed to an overall decline in the dollar’s value. In contrast, Gold exhibited its characteristic resilience, reaching a high of around $1,926 per ounce. Oil, on the other hand, remained relatively stable, adhering to familiar trading ranges.

Fed’s Data: The Center Of Attention​

The optimism that characterized Wednesday’s stock market surge was largely attributed to Jerome Powell’s optimistic remarks, viewed through a dovish lens. However, seasoned investors recognize that central banks closely monitor data as they plan their next moves regarding interest rates. This week’s data calendar is brimming with US economic indicators, most notably the PCE Price Index, a preferred inflation gauge of the Fed. Additionally, the eagerly awaited non-farm payrolls report promises to shed light on the labor market’s trajectory.

Impact On US Markets​

With all eyes on the US job market, the week’s focus revolves around a market slowdown that could potentially influence the Fed’s decisions on interest rates. While investors hope for a market deceleration to halt rising rates, they are wary of a market crash that could signal an impending recession. This dichotomy sets the stage for a tumultuous week as market participants brace themselves for a whirlwind of data releases.

GBP/USD: Riding The Market Waves​

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Exponential Moving Averages Paint A Story​

EMA 5: At 1.2607, there’s a beckoning Buy sentiment.
EMA 20: Stands at 1.2646, reinforcing a Sell indication.
EMA 50: Aligns at 1.2695, giving way to a Sell recommendation.

RSI And Stochastic Insights​

RSI: Over 14 days, a reading of 43.21 unveils a Neutral signal.
Stochastic Oscillator: %K value suggests a Positive condition.

Critical Resistance And Support Levels​

Resistance: 1.2645
Support: 1.2598
Analyst’s Take: It’s A Sell Outlook​
Based on our technical analysis, GBP/USD presents a Sell outlook. Traders might consider a short position, considering the various indicators, moving averages, and oscillators.

Trade Suggestion:

Entry Point: 1.2576
Take Profit: 1.2502
Stop Loss: 1.2641
EUR/USD: Riding The Eurocoaster​

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Daily FX Analysis:- GBP/USD, EUR/USD, AUD/USD Face Challenges​

Introduction:​

In the world of currency markets, the GBP/USD is grappling with weakness below the 1.2300 mark, influenced by UK Retail Sales data and PMIs. Meanwhile, the EUR/USD holds steady near 1.0650 after German and EU PMI data. Over in the AUD/USD realm, the pair struggles to gain momentum above 0.6400 amidst a resurgent USD. Lastly, the USD/JPY awaits pivotal moves as the Bank of Japan’s interest rate decision looms, with expectations set at 148.50. The backdrop of central bank decisions and economic data casts a shadow of uncertainty across these major currency pairs.

GBP/USD:​

Following UK Retail Sales Figures And PMIs, The GBP/USD Remains Weak Below 1. 2300.​
A multi-month low recorded on Thursday is still within striking distance as GBP/USD is currently trading depressed around 1.2270. After a surprising BoE halt, depressing UK retail sales data weighs on the pair. The emphasis now is on the UK/US PMI statistics.

As anticipated, the Federal Reserve kept its policy rate at 5.25%–5.5%. It was verified by the updated Summary of Projections that policymakers still plan to raise the policy rate in 2023. More significantly, the prediction for a rate drop in 2024 was lowered from 100 bps to 50 bps. The hawkish dot plot gave the US Dollar (USD) a lift and kept the GBP/USD under bearish pressure.

The Bank of England (BoE) will make its interest rate decision later in the day. The market anticipates a 25 bps increase to 5.5%. However, numerous financial organizations, including Goldman Sachs, updated their predictions in response to the weak Consumer Price Index (CPI) data for August and stated that they were now anticipating the BoE to hold the rates constant following its September meeting.

Technical Overview :​

23-09-22_01-41-30_GBPUSD-1024x342.png

Moving Averages:​

Exponential:​

MA 5: 1.2283 | Negative Crossover | Bearish
MA 20: 1.2361| Negative Crossover | Bearish
MA 50: 1.2456 | Negative Crossover | Bearish
Simple:​

MA 5: 1.2281 | Negative Crossover | Bearish
MA 20: 1.2368 | Negative Crossover | Bearish
MA 50: 1.2479 | Negative Crossover | Bearish
RSI (Relative Strength Index): 25.67 | Sell Zone | Negative

Stochastic Oscillator: 31.0| Sell Zone | Positive

Resistance And Support Levels: ​

R1: 1.2322 | R2: 1.2452
S1: 1.2231 | S2: 1.2082
Overall Sentiment: Bearish | Market Direction: Sell

Trade Suggestion: Stop Sell: 1.2188 | Take Profit: 1.2082 | Stop Loss: 1.2279

EUR/USD:​

After German And EU PMI Data, The EUR/USD Remains Close To 1.0650.​
During Friday’s European session, the EUR/USD exchange rate is still hovering around 1.0650. Early in August, the service sector’s economic activity showed signs of improvement according to PMI data from Germany and the Eurozone, which helped the euro keep its position.

On Thursday, the EUR/USD recovered losses and sank to a new multi-month low of 1.0615. Following US data, the pair touched its daily low before staging a comeback and touching 1.0670 thanks to a decline in the US Dollar.

The PMIs, which will give preliminary details about economic activity throughout September in the US and the Eurozone, will be the important data to pay attention to on Friday. These figures will be widely watched because central banks rely on statistics.

Technical Overview:​

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Daily Commodity Analysis - Investors Seize Golden Trading Opportunities​

Introduction:​

In the world of commodities, Natural Gas (XNG/USD) breaks a two-day losing streak, surging back above $3.00, signaling a bullish momentum shift. Meanwhile, Gold prices experience a modest rise, driven by a weakening dollar, yet concerns linger amid potential interest rate hikes. In the broader commodity market landscape, Oil prices continue to climb on supply worries, while Copper shows resilience amidst industrial metal fluctuations. Silver (XAG/USD) also sees gains following US data, though its overall outlook remains cautious.

Natural Gas:​

XNG/USD Snaps Two-Day Losing Streak Under $3.00, Bull Cross-Eyed.​
The price of natural gas attracts some buyers and swings positive on Friday around $2. 89.

During Friday’s early European trading hours, the price of natural gas (XNG/USD) regained its losses. XNG/USD is now up 1.19% on the day, trading close to $2.89 per MMBtu. The weekly Natural Gas Storage Change for the week ending September 15 climbed by 64 billion cubic feet (Bcf) from the prior week’s 67 billion, according to data released on Thursday by the Energy Information Administration (EIA).

Technical Overview:​

23-09-22_02-26-17_Natural-Gas-1024x338.png


Moving Averages:​
Exponential:​

MA 5: 2.80 | Positive Crossover | Bullish
MA 20: 2.74 | Positive Crossover | Bullish
MA 50: 2.71 | Positive Crossover | Bullish

Simple:​

MA 5: 2.79 | Positive Crossover | Bullish
MA 20: 2.75 | Positive Crossover | Bullish
MA 50: 2.71 | Positive Crossover | Bullish
RSI (Relative Strength Index): 63.16 | Buy Zone | Bullish

Stochastic Oscillator: 99.85 | Buy Zone | Positive

Resistance And Support Levels: ​

R1: 2.85 | R2: 3.00
S1: 2.77 | S2: 2.67
Overall Sentiment: Bullish | Market Direction: Buy

Trade Suggestion: Stop Buy: 2.90 | Take Profit: 3.00 | Stop Loss: 2.84

GOLD:​
Read Full Report - CAPITAL STREET FX (https://www.capitalstreetfx.com/en/technicalanalysis/daily-commodity-analysis-investors-seize-golden-trading-opportunities/)

Daily FX Analysis Surges, Sterling Weakens; Japan Cautious on Yen Volatility​

Introduction:​

In recent financial news, the Euro (EUR) experienced a notable two-day surge, its strongest since mid-September. However, growing caution among retail traders, with 65% holding net-long positions on EUR/USD, hints at a potential bearish outlook. Concurrently, the U.S. is set to tighten chipmaking equipment export rules to China, straining bilateral relations. Meanwhile, the British Pound (GBP) dipped slightly amid a fifth week of losses due to a robust U.S. Dollar, while U.K. house prices showed slight improvement. Japan also redefined “excessive” yen volatility thresholds as a precaution, and the U.S. Dollar Index (DXY) hit an 11-month high, with 12 consecutive weeks of gains expected, while AUD and NZD faced declines due to central bank decisions.

Markets In Focus Today –​

EUR/USD:​

Euro Rises For Second Consecutive Session Amidst Growing Retail Trader Concerns​
In a remarkable two-day performance, the Euro has surged in value for the second consecutive trading session, demonstrating its most impressive gains since mid-September. However, beneath the surface, there are signs that retail traders are becoming increasingly cautious about the currency’s prospects. A closer look at the IG Client Sentiment (IGCS), which often acts as a contrarian indicator, reveals an intriguing shift in market sentiment. The big question now is whether this upward momentum in the exchange rate can be sustained.

The IGCS data indicates that approximately 65% of retail traders are currently positioned as net-long on EUR/USD. Given the bullish bias that most of these traders hold, this suggests a potential bearish outlook for the currency in the near future. Interestingly, there has been a noticeable uptick in bearish bets, with a 7.05% increase compared to the previous day and a significant 14.98% rise from last week. These recent shifts in trader positioning raise the possibility of a reversal in the Euro’s fortunes.

Technical Overview With Chart:​

Moving Averages:​
Exponential:​
MA 5: 1.0531 | Positive Crossover | Bullish
MA 20: 1.0604 | Negative Crossover | Bearish
MA 50: 1.0715 | Negative Crossover | Bearish

Simple:​

MA 5: 1.0508 | Positive Crossover | Bullish
MA 20: 1.0609 | Negative Crossover | Bearish
MA 50: 1.0768 | Negative Crossover | Bearish
RSI (Relative Strength Index): 39.53 | Sell Zone | Bearish

Stochastic Oscillator: 100 | Overbought Zone | Bullish

Resistance And Support Levels :​

R1:1.0553 | R2: 1.0566
S1: 1.0513 | S2: 1.0500

Overall Sentiment: Bearish | Market Direction: Sell​
Trade Suggestion: Strong Sell: 1.0548 | Take Profit: 1.0489 | Stop Loss: 1.0620

GBP/USD​
Read Full Report - CAPITAL STREET FX (https://www.capitalstreetfx.com/en/technicalanalysis/daily-fx-analysis-euro-surges-sterling-weakens-japan-cautious-on-yen-volatility/)

Daily FX Analysis-Middle East Tensions Roil Forex Markets​

Introduction:​

In the midst of escalating Middle East conflicts and shifting global dynamics, major currency pairs face unique challenges. GBP/USD grapples with risk aversion, while EUR/USD maintains vulnerability amid geopolitical tensions. AUD/USD feels the pressure amidst risk-aversion, and USD/JPY treads cautiously as the Israeli-Palestinian conflict influences market sentiment. Amidst these uncertainties, the currency markets await crucial developments, including the US September jobs report and geopolitical shifts that could impact these currency pairs in the days ahead.

GBP/USD:​

GBP/USD Struggles Near 1.2200 As Middle East Conflict Weighs On Risk.​
GBP/USD is struggling against 1.2200 early on Monday due to risk aversion. Rising Middle East geopolitical tensions and hawkish Fed wagers benefit the US dollar. The weight on the pair is also increased by higher oil prices.

GBP/USD closed in positive territory on Wednesday and Thursday before edging up to the 1.2200 region on Friday. The pair appears to have additional upside potential in the immediate term, but investors should hold off on any US Dollar (USD) weakening until the September jobs report is less than expected.

In the US, it is expected that nonfarm payrolls (NFP) would increase by 170,000 in September. The USD may come under fresh adverse pressure if the NFP comes in below 150,000 and confirms tightening labor market conditions. In such cases, dovish Federal Reserve expectations could cause risk flows to take center stage in the financial markets, giving the GBP/USD exchange rate a further boost.

Technical Overview:​
1696857337960.png


Moving Averages:​

Exponential:​

MA 5: 1.2182 | Negative Crossover | Bearish
MA 20: 1.2168 | Positive Crossover | Bullish
MA 50: 1.2239 | Negative Crossover | Bearish

Simple:​

MA 5: 1.2180 | Negative Crossover | Bearish
MA 20: 1.2153 | Positive Crossover | Bullish
MA 50: 1.2229 | Negative Crossover | Bearish
RSI (Relative Strength Index): 50.34 | Buy Zone | Bullish

Stochastic Oscillator: 88.45| Buy Zone | Neutral

Resistance And Support Levels:​

R1: 1.2301 | R2: 1.2539
S1: 1.2319 | S2: 1.1920

Overall Sentiment: Bearish | Market Direction: Sell​
Trade Suggestion: Stop Sell: 1.2075 | Take Profit: 1.1920 | Stop Loss: 1.2210

EUR/USD:​
Read Full Report - CAPITAL STREET FX (https://www.capitalstreetfx.com/en/technicalanalysis/daily-fx-analysis-middle-east-tensions-roil-forex-markets/)

Daily FX Analysis - Forex's major pairs ride economic waves, shaping markets.​

Introduction:​

In the dynamic forex market, the EUR/USD, GBP/USD, USD/CAD, and USD/JPY pairs showcase noteworthy trends. The EUR/USD sees slight gains, with a focus on Eurozone CPI and US NFP data. Meanwhile, GBP/USD maintains an upward trajectory ahead of US Nonfarm Payrolls. USD/CAD rises amid improved US Treasury yields, while USD/JPY experiences fluctuations before the release of NFP data. Stay tuned for key economic indicators shaping these currency pairs’ movements.

EUR/USD:​

The EUR/USD Is Experiencing Slight Gains, Trading Above The Mid-1.0900s, As It Anticipates The Release Of Eurozone CPI And US NFP Data.​
On Friday, the EUR/USD pair maintains a positive trend for the second consecutive day. However, it is showing limited momentum and continues to stay within the broader trading range established on the previous day. Current spot prices are situated above the mid-1.0900s, with traders eagerly anticipating significant macroeconomic data from both the Eurozone and the United States.

On Thursday, the EUR/USD successfully recovered and briefly touched the 1.0970/75 range. However, bulls encountered initial resistance in this zone, marking a pause after enduring four consecutive sessions of bearish dominance.

Overseas, a robust ADP report in December appears to have strengthened the argument for a similarly strong Nonfarm Payrolls reading expected on Friday in the same period.

Technical Overview:​
24-01-04_22-15-04_EURUSD-1024x343.png

Moving Averages:​
Exponential:​

MA 5: 1.0937| Negative Crossover | Bearish
MA 20: 1.1000| Negative Crossover | Bearish
MA 50: 1.0972 | Negative Crossover | Bearish

Simple:​

MA 5: 1.0936 | Negative Crossover | Bearish
MA 20: 1.1013 | Negative Crossover | Bearish
MA 50: 1.0972 | Positive Crossover | Bullish
RSI (Relative Strength Index): 38.87| Sell Zone | Bearish

Stochastic Oscillator: 18.05| Sell zone | Neutral

Resistance And Support Levels:​

R1: 1.0984| R2: 1.1110
S1: 1.0922| S2: 1.0786

Overall Sentiment: Bearish | Market Direction: Sell​

Trade Suggestion: Stop Sell: 1.0891| Take Profit: 1.0786 | Stop Loss: 1.0962

GBP/USD:​
Read Full Report - CAPITAL STREET FX (https://www.capitalstreetfx.com/en/technicalanalysis/daily-fx-analysis-forexs-major-pairs-ride-economic-waves-shaping-markets/)