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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



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

EURUSD


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TRADE SUGGESTION- BUY AT 1.0717, TAKE PROFIT AT 1.0758 AND STOP LOSS AT 1.0692
EURGBP


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TRADE SUGGESTION- BUY AT 0.8554, TAKE PROFIT AT 0.8567 AND STOP LOSS AT 0.8543
EURJPY


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TRADE SUGGESTION- SELL AT 135.876, TAKE PROFIT AT 135.486 AND STOP LOSS AT 136.468
DOW JONES


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TRADE SUGGESTION- SELL AT 31976.00 TAKE PROFIT AT 31865.00 AND STOP LOSS AT 32196.00
WTI CRUDE OIL


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TRADE SUGGESTION- BUY AT 110.87 TAKE PROFIT AT 111.53 AND STOP LOSS AT 110.35
GOLD


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TRADE SUGGESTION- BUY AT 1861.74, TAKE PROFIT AT 1873.31 AND STOP AT 1849.66
LITECOIN


RXESGd-5IcN-_y6f-VbG4Ub1_GdRAuHBsQqS160Fx06vtdEHXTb0jj7Db3Tuc6Cjdj8P2EoGH5b9Zt8l91BqfnSDzn2GM_-A57QNLR7QbsmoPIWQaTcmM1KeXhIgpRXjg8D2UoEQ9k7cfvu_yA

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TRADE SUGGESTION- SELL AT 69.21 TAKE PROFIT AT 65.35 AND STOP AT 71.71
 

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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

For More Visit - capitalstreetfx
 

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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 – 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.

Top Market News Today:

In the Forex market, GBPUSD up 0.14% at 1.2199. The USDJPY down 0.04% at 136.070. The USDCHF down 0.06% at 0.9565. EURUSD down 0.07% at 1.0509, EUR/GBP down 0.18% at 0.8615. The USD/CNY down 0.07% at 6.7000 at the time of writing.

In the Commodity market U.S. Gold futures up 0.10% at $1,821.19. Elsewhere, Silver futures up 0.06% at $20.829 per ounce, Platinum up 0.05% at $913.00 per ounce, and Palladium up 2.11% at $1911.50.

Crude Oil down on Wednesday; Brent Crude Oil down 1.16% at $116.79 per barrel while U.S. West Texas Intermediate (CLc1) down 0.91% at $109.59.

In the Cryptocurrency Markets, Bitcoin at 20200.00 up 0.12%, Ethereum down 0.66% at 1134.97, Litecoin at 52.28 down 0.70%, at the time of writing.

Top Market Segment to Watch Out Today:

TESLA: Tesla (NASDAQ:TSLA) has shuttered its office in San Mateo, California and laid off roughly 200 employees working on its Autopilot driver-assistant system there, one of the people told Reuters, in a move seen as accelerating cost-cutting.

Most of the laid-off people had been hourly workers, that person said. Early this month, Tesla Chief Executive Elon Musk told top managers he had a “super bad feeling” about the economy and that the maker of electric cars needed to cut staff by about 10%.

Economic News:

US: Federal Reserve policymakers on Tuesday promised further rapid interest-rate hikes to bring down high inflation, but pushed back against growing fears among investors and economists that sharply higher borrowing costs will trigger a steep downturn.

“Many are worried that the Fed might be acting too aggressively and maybe tip the economy into recession,” San Francisco Fed President Mary Daly said in an interview on LinkedIn. “I am myself worried that left unbridled, inflation would be a major constraint and threat to the U.S economy and continued expansion.”

The Fed, she said, is therefore “tapping the brakes” by raising interest rates to cool demand.

“We are working towards that as quickly as we possibly can, and hopefully Americans everywhere will start to see some relief in their pocketbooks,” she said, adding that she expects the economy to slow but not stop growing.

Eurozone: European Central Bank policymakers are weighing up whether or not they should announce the size and duration of their upcoming bond-buying scheme, designed to curb financing costs for Italy and other debt-laden countries, sources told Reuters.

The ECB is set to announce the new tool on July 21, along with its first interest rate hike in more than a decade, in response to a surge in bond yields that has hit the most indebted countries hardest.

ECB staff is preparing different options for policymakers, including how many of its details, such as firepower and duration, should be made public, according to conversations with half a dozen policymakers at the ECB’s annual forum in Sintra, Portugal.

The pros of announcing a large envelope would include to put investors’ minds at rest about the ECB’s commitment to fight what it calls financial fragmentation in the euro zone, the sources said.

Top Economic Releases Today:

  1. U.S. GDP (QoQ) (Q1) today at 8:30 this time estimated -1.50%, previously which was -1.50%.
  2. U.S. Crude Oil Inventories today at 10:30 previously which was 1.956M.
  3. RUSSIA Retail Sales (YoY) (May) today at 12:00 this time estimated -5.5%, previously which was -9.7%.
  4. RUSSIA GDP Monthly (YoY) today at 18:00, previously which was -3.00%.
  5. CHINA Manufacturing PMI (Jun) today at 21:30 this time estimated 50.50, previously which was 49.60.

TECHNICAL SUMMARY

GBPUSD

Technical Analysis

Technical Analysis

TRADE SUGGESTION- SELL AT 1.2182, TAKE PROFIT AT 1.2172 AND STOP LOSS AT 1.2206

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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


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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


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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

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T1-1.png

TRADE SUGGESTION- SELL AT 1.2102, TAKE PROFIT AT 1.2082 AND STOP LOSS AT 1.2120


FOR THE FULL REPORT VISIT - CAPITALSTREET FX
 

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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
 

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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



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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

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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

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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


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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

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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

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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.


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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



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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

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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


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