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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
EURUSD
TRADE SUGGESTION- BUY AT 1.0717, TAKE PROFIT AT 1.0758 AND STOP LOSS AT 1.0692
EURGBP
TRADE SUGGESTION- BUY AT 0.8554, TAKE PROFIT AT 0.8567 AND STOP LOSS AT 0.8543
EURJPY
TRADE SUGGESTION- SELL AT 135.876, TAKE PROFIT AT 135.486 AND STOP LOSS AT 136.468
DOW JONES
TRADE SUGGESTION- SELL AT 31976.00 TAKE PROFIT AT 31865.00 AND STOP LOSS AT 32196.00
WTI CRUDE OIL
TRADE SUGGESTION- BUY AT 110.87 TAKE PROFIT AT 111.53 AND STOP LOSS AT 110.35
GOLD
TRADE SUGGESTION- BUY AT 1861.74, TAKE PROFIT AT 1873.31 AND STOP AT 1849.66
LITECOIN
TRADE SUGGESTION- SELL AT 69.21 TAKE PROFIT AT 65.35 AND STOP AT 71.71
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
![image-329.png](/proxy.php?image=https%3A%2F%2Fwww.capitalstreetfx.com%2Fen%2Fwp-content%2Fuploads%2F2022%2F05%2Fimage-329.png&hash=4114a33cdc6d1979df238b995340ae4e)
TRADE SUGGESTION- BUY AT 1.2518, TAKE PROFIT AT 1.2598 AND STOP LOSS AT 1.2469
EURUSD
![image-330.png](/proxy.php?image=https%3A%2F%2Fwww.capitalstreetfx.com%2Fen%2Fwp-content%2Fuploads%2F2022%2F05%2Fimage-330.png&hash=b8357baa7739fc3c5b63e87d4947fbe3)
TRADE SUGGESTION- BUY AT 1.0717, TAKE PROFIT AT 1.0758 AND STOP LOSS AT 1.0692
EURGBP
![image-331.png](/proxy.php?image=https%3A%2F%2Fwww.capitalstreetfx.com%2Fen%2Fwp-content%2Fuploads%2F2022%2F05%2Fimage-331.png&hash=cd04a4ded23ba73e7d5cde46fbbb180d)
TRADE SUGGESTION- BUY AT 0.8554, TAKE PROFIT AT 0.8567 AND STOP LOSS AT 0.8543
EURJPY
![image-332.png](/proxy.php?image=https%3A%2F%2Fwww.capitalstreetfx.com%2Fen%2Fwp-content%2Fuploads%2F2022%2F05%2Fimage-332.png&hash=70f5c3bd8ba426a0d43a8219d870c670)
TRADE SUGGESTION- SELL AT 135.876, TAKE PROFIT AT 135.486 AND STOP LOSS AT 136.468
DOW JONES
![image-333.png](/proxy.php?image=https%3A%2F%2Fwww.capitalstreetfx.com%2Fen%2Fwp-content%2Fuploads%2F2022%2F05%2Fimage-333.png&hash=3569be507e93abbaed383b6bd178ad60)
TRADE SUGGESTION- SELL AT 31976.00 TAKE PROFIT AT 31865.00 AND STOP LOSS AT 32196.00
WTI CRUDE OIL
![image-334.png](/proxy.php?image=https%3A%2F%2Fwww.capitalstreetfx.com%2Fen%2Fwp-content%2Fuploads%2F2022%2F05%2Fimage-334.png&hash=363812385c1e7aefa786ae9e12e4d455)
TRADE SUGGESTION- BUY AT 110.87 TAKE PROFIT AT 111.53 AND STOP LOSS AT 110.35
GOLD
![image-335.png](/proxy.php?image=https%3A%2F%2Fwww.capitalstreetfx.com%2Fen%2Fwp-content%2Fuploads%2F2022%2F05%2Fimage-335.png&hash=fe165aa39506e8e81c78fe0722157950)
TRADE SUGGESTION- BUY AT 1861.74, TAKE PROFIT AT 1873.31 AND STOP AT 1849.66
LITECOIN
![image-337.png](/proxy.php?image=https%3A%2F%2Fwww.capitalstreetfx.com%2Fen%2Fwp-content%2Fuploads%2F2022%2F05%2Fimage-337.png&hash=ba18e6cba97ae9e6d4b0898c28283149)
TRADE SUGGESTION- SELL AT 69.21 TAKE PROFIT AT 65.35 AND STOP AT 71.71