READ DAILY TECHNICAL ANALYSIS AND PRICE CHART.

CSFX.Support

Established member

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

JRgQb8MlskM1qh0ta46O00cMfMMiO_-YlYEt-GRa_9oWhIUwzyxL9_zbn8xdPmU-rsCt6JxGd8VZ6rXJBb7bWfC8IQNzNyoWSdznBStsNkwv2WqXU4kH5hsrRGeGqIiyGVeIbqIeYnRNmq91ameb4xPI7bG1jjYtBWJoaDgjP31ssLPzTkXF_oVRpJ65EL77ynzwRw

Lsy_o4OhWR6XgpmPf0HTPk7rOoNySDOPAx3CP6aF68yeAFoo6g8k3UMMQYwdSzCWlLSD1jmfPrTmgxvPB0nfSvX81w7hhmuieugNLNB1y9pS2mySjM8opfXf_fi8FtNapSM1_pJGZ15C7CqIkaB4RuNdkGQQKFEbEpzjoyD-ktSgKOiVei5QqAwDHTG87A2oHVZ1JQ


TRADE SUGGESTION- SELL AT 1.1224, TAKE PROFIT AT 1.1200 AND STOP LOSS AT 1.1243

VIEW FULL REPORT VISIT - CAPITALSTREETFX
 

CSFX.Support

Established member

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.

VIEW FULL REPORT VISIT - CAPITALSTREETFX
 

CSFX.Support

Established member

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

CK0J1iLIw9kyAQysIkxnqIUIN20JhTTktD-SntpLukFstHbXR86FwZdroL81zAZtAdbeHrJLSJqWSPIEXcHumSZa5ulxAX-RAB2P2OSBAoCuIXo8kkeV8Jhmi5sv6OkD3sI8YBR2g8I0SQV0KImflH4gW0Vt_MvtEovjGxJ8zI7cBhupzVUOvat9-GU8anZwg5sj9Q

xDbU-2TBK3xHQ788NvAABobWOJF16LQIskG4s6IVXEF_RYznpNjvzatoUyamY1VtVcpcaAAqDjiFZOS9wQyQoHaN782iy-CFjQSuUwuzAn-EwskV5n0rHDIAiwL66GD8sKqg3a64xlYGrmERQ2EuNwqOUsieRFn5xXXWYtFXrzcV8BrlwKLQ5i2wmGByaSYCT3SZxg

TRADE SUGGESTION- SELL AT 1.0778, TAKE PROFIT AT 1.0762 AND STOP LOSS AT 1.0790


VIEW FULL REPORT VISIT - CAPITALSTREETFX
 

CSFX.Support

Established member

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

yGdcVNKFzxxzSeT_h9M44A8icPEyfoejEfw4OMKXYQKjj-4UPVYIl7UDIUTaW1-8fiEKxsbS9bYBCrhLR2WBdvsCp5HF1Ppenoy8nKI98zpQ3z7BtWkKz-raWKGiBSQgugTRw2g-n5qebQX7uZxumZahE4bGk2L7roFxHnXadvQLGPwzIIxpm35N1BqXHoxbarpGDQ
nTPEFBEwjiZ_Hroqg_24UKC8pPvwj6Tdf-BwBMCIham8Ht7AwwiPz75gzGll6ZloWUyv4MzpHfI7MCSAK_ioYIfhzDul0qqnOjBnaoDAKbqApVXPpKQfNwJtC14K30lzJiLp5sfIqupDgmju-OxcJzIPyY4cMTEBO_eiu1zT6byvzKVCbKBq62uHC8I3v5PsLfukJA

TRADE SUGGESTION- BUY AT 1.1250, TAKE PROFIT AT 1.1351 AND STOP LOSS AT 1.1221


VIEW FULL REPORT VISIT - CAPITALSTREETFX
 

CSFX.Support

Established member

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

Mk9lkNNL3Em084H525G2eDi9QCVXkRZPaDz0vLqtf5xm4csmxc-f5rjBpDv6UIkHECX5xP8x3jbJMHJx0cheaDnP6bz-U2wrLuE5fQAK0rdTKRdSeEZ3gnnfb72-1mpBi12ltBkZx9sUMuaI5rHB6vKBNvb_0Q3US0sqpd5PUSyksuywOjcY5IiRCvoT-g33e49gPw
CbU6PKNq4GzHO3-zfv6_Nj_dsB3FjDlekEmB5kuX4qQwYYg_uTwJJiPJMR_p8K4_PdNO5XQBgPofecf5AXWCbM1hbuhscP3GJmfbGUXYBnkj7JTaXsfCGh-9edYWF4B5yzhXxbNAMbMrjdz5qJWalhGeuGWiNhPYIweLnyT83gHCYrmWfIousRqPuKXNaOIjAfIXRw

TRADE SUGGESTION- BUY AT 1.1321, TAKE PROFIT AT 1.1476 AND STOP LOSS AT 1.1220


VIEW FULL REPORT VISIT - CAPITALSTREETFX
 

CSFX.Support

Established member

FUNDAMENTAL AND TECHNICAL ANALYSIS REPORT – 14 OCTOBER 2022​

STOCKS MAY BE LESS BULLISH AFTER FUNDAMENTAL UNCHANGED

Asia Pacific stocks surged on Friday. The Shanghai Composite is up 1.84% at 3,071.38. Overall, the Singapore MSCI is up 0.04% at 274.45. Over in Hong Kong, the Hang Seng Index is up 2.80% at 16,865.00. In Japan, the Nikkei 225 is up 3.51% at 27,140.00, while the Topix index is up 3.06% at 1901.50. South Korea’s Kospi is up 2.28% at 2,212.13. Australia S&P/ASX 200 up 1.75% at 6758.80.

TOP NEWS OF THE DAY:

An eye-popping turnaround in stocks may be less bullish than hoped for, with traders saying short-term hedging activity buoyed equities while leaving the market’s grim fundamentals unchanged.

Data showing consumer prices rose more than expected in September initially sent the S&P 500 tumbling to its lowest point since November 2020 on Thursday, only for the index to mount a furious rally towards midday. In total, the index swung 5.4 percentage points on the day to close up 2.6%.

Market Summary as per 13/10/2022:

European equities Thursday closing. The DAX futures contract in Germany traded up 1.51% at 12,355.58, CAC 40 futures up 1.04% at 5879.20 and the UK 100 futures contract in the U.K. up 0.35% at 6850.28.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed up 2.83% at 30038.73. The S&P 500 up 2.60% at 3699.89 and the Nasdaq 100 up 2.30% at 11033.58, NYSE closes up 2.53% at 13888.96.

TECHNICAL SUMMARY

GBPUSD TECHNICAL ANALYSIS

5bVKuGISt36yF6LcMloQsChXuXN4JGlAkC59yukL4hsP2OPf--jKaiqiFljv2HoZjNQexeE6YzTKRjfxQfpIQ2PWVJw6HfxV8QWXUL-A5SLWNp29v-Gc77TQ8j8-QoNp9QMmWh4nTarOHh_QHrj3Sv2crpS-rgzY24RWqDLtzKGU6YLQFvmgApnVsSJVHV2JRdrTdQ
Suzz-Q8HoeVGaS7MkzanBEKO0HMLKGja6qcfpPHdcGtYNp1rRcdVdv75V6C9t0Dj2aILjsFrK_v8PZCXuN8Zg6lMEzJcl7Ia7xNlP34EOkIp-MP7cdNJdghT-P2MKwBbFA-GxaINZnGnA4JjVfNQKlvd8alRqKiVK-XvJnG64Dui_25CaPtSyFmClm01IswkBSuSJw

TRADE SUGGESTION- BUY AT 1.1292, TAKE PROFIT AT 1.1460 AND STOP LOSS AT 1.1220


VIEW FULL REPORT VISIT - CAPITALSTREETFX
 

CSFX.Support

Established member

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

pzfeJf6SqccMH7PX57byAp13xAt4Z18MCkfraL5KYFXPA7yx__LVER9y2ECXK8BT0PYhm02J98P61kzYVMi0k3m-DiC8LJBPZOQLecp9dgQpOy5d7GueNZcPUanLLHAlmJxvIgRTlAms7kvvQMLeoi-Xb681QR-2_oSw8zw9S8CB-zlgBA40uxuQRxzoJKQxDuK10A
g5aB3CPWObpWoa9JvqNjONQqF6lOlz64k-_v6UbcffG33vkfvkQz0lucziAWwXgN9HnR6bB32xgPDTr5sAGv44c_ZQBJCBh7LYIHQkrn_aI76_Df-Ca2YvpyGMbsVa2DC2IpE-jhwpgCrZAdkxQygDnqQW7QH1QsSRr_tkXexLnaEiK9-1FktalQxW5sMIpXerq1BQ

TRADE SUGGESTION- BUY AT 1.1296, TAKE PROFIT AT 1.1454 AND STOP LOSS AT 1.1215


VIEW FULL REPORT VISIT - CAPITALSTREETFX
 

CSFX.Support

Established member

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 per 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

j_PVIMomr2EYVtGf-UDYatMR48B7bnRibV-RxM-fY4ic4WknGrVHZbY5AzjHx647iBb_kYXnwvSRrle1Wd93bJ43kjIo9JDztSqx1gCuB2DlokB-RIcYsDBWQRCQVhXbJ-fR-2M5SkJ1n3yEbN723Eo30WMvy1y6qBgDJOiz8W0X_pmGtR1bARO5zNSQ2UOeR-E3EQ
wEaSZqU_Vtjj-9k9NfiHrdskrmmxpHmyH9lE1K3QOSt29cyu_XgYXff-8ttFVgi1b-e_5gOIRgoPDX28XRGc3KxukPZ9xw_gguWr8sZzYJbkpv2x5eD3LsuAo704mSACTjBSS75lZ1pdyFOyEwOSFrKNIElEV_Jv0jLMVVF2d-iQO7b9SEv1JozS1wv2-8JBZV-Nqg

TRADE SUGGESTION- BUY AT 1.1593, TAKE PROFIT AT 1.1647 AND STOP LOSS AT 1.1576


VIEW FULL REPORT VISIT - CAPITALSTREETFX
 

CSFX.Support

Established member

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

U8bMR_ak2h4QakNMlDRvoFjF-TVq5YIY4ZBOhBVr7dJjs3Y_NMALwx7bliodKseIVIJWAdXUbXsiJJEcMqRViVrWecVD2rs6ISj5q5TlJvizOOmetyiaydmvBZLjc0YlmYNAsKqhz7QbQc-hs9TgNxlBctQU5D93YnFdy3LASumH7wJuTCJrO6dJpWOfUpOzhOEvpA
a97m-TiHOE_tzJmaYqRVnhHCIX3V2YAT7qyKd2DQ462OURwFanGfGpsGvmMAf22lhX8ReZnAfhbFx5VbjCZg1dnZ4siI1aZsw9sjL8XFQcwHSzUC9-7eQns5XrimvJRUjfX1HFZyQCafDji3PJ8pcFTffHXfOWv9HW2Qgvi3D0GtbxL4y-PG9ITCOnofJlxUjONegw

TRADE SUGGESTION- BUY AT 1.1530, TAKE PROFIT AT 1.1636 AND STOP LOSS AT 1.1478


VIEW FULL REPORT VISIT - CAPITALSTREETFX
 

CSFX.Support

Established member

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

nEFtnrpgXMrvIqqjQ3Iup7bRQ-RLfj_9HbW0-qozebJvsegkpw2ym8FM-z8qQfM4KDqjaTCEpIBaNSKC_1l2OOlSQVhkC0ITvmj88kOhUNFVtpqnPBFIEOVSrO82maO4AxHMRfAZvTDdfMPUoQTih7NszD8xUKhkffhPSTzYjsyMVt52ClfY_VrbpQqUow6-muETIQ
cXKkX_v9jgXzA1fgom1dnoUXYAjVdOEFLB7nPwkGRyMYuKbgWyW0D7vViHCYWRSSBXNusq8V0vfjR4WH6bD9_FwPPaQBFq22wELvaoJoTEM9SbjFWZA3ZgUcb92xmPOQmSYNI-eZQvDIOJQud64K2__rzQyAdTTkhS_TW60typEgPpSvSx3rPR8FoEhuRwPNFh6T3w

TRADE SUGGESTION- BUY AT 1.1596, TAKE PROFIT AT 1.1731 AND STOP LOSS AT 1.1480


VIEW FULL REPORT VISIT - CAPITALSTREETFX
 

CSFX.Support

Established member

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

j3mBybRbhd5P-dFkHb1xbeyhsqZfq4gS405l8wdMIHXCFH7iqBLEHleJB1U5mFNj78HNzbOHKI2rVNziYvi1PRZnHH19S1KHVPX2WGyAS0_ZLCtZhRRP-ghAoK1bEJjZ-pQGaY9EgLBll0b3LFYpQI6ZJyrx2WE0VkXwMkiNO49eTfaSbNZyIXsMrzRN77QvbmxGPA
Vywnu73f7P-g_YOkBZ9n7DYlP54rxJVlyRa5zWt2N-Iqoogdev8XH3YG96wwR7W9ow64oBCNq8dAjp8CR9FO1W1npGpfnVEGEXifFnWB1Pnw0tccTUMia6Tf7Ixy6pwpOC3zIzC2VVR11bNwrHGKjv-y-4pN2pXkDBBX8Gn0rfqTL5mIQSlMVdTDZbxEMOwkr7kmzA

TRADE SUGGESTION- BUY AT 1.1532, TAKE PROFIT AT 1.1596 AND STOP LOSS AT 1.1493

VIEW FULL REPORT VISIT - CAPITALSTREETFX
 

CSFX.Support

Established member

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.

TECHNICAL SUMMARY​

GBPUSD TECHNICAL ANALYSIS

btNtwHDkcM8wXVhi_ZZVI2dR_6XWxg3jYH3nlH3oxQho5VTQseQL7jUo-3Yydkxit0k7BwNdH-1uYyPyJNDYbvuO8YfOL5dZRnV22--lm1ii8QLEO-Esg8YjADkiu-t-XsmpGIRRV_55-sYxf7E4lHMfNZ7u0zPmsJt0K9BOHpYuBIBKw3klcfM7Pq5l6NwWbMHe2A
oZcJd63pWEmAqcIWpHKFOlYKoqKP9-zKT-J_mt0vYtZlFCJ8_6gtwJf334WIf17VlA2FFs-qPcocM5hMb_is4AQqxNFRGrv0Dy-907Ryps5GjxUMa6OP20uHnNNgCRZu64ndpsluwR2nrK8vVb3_BmRtbbXe2fB3JN4UeKEc6nZcty0WiGnGIDLygFSE-cqiAeCPPQ

TRADE SUGGESTION- BUY AT 1.1502, TAKE PROFIT AT 1.1598 AND STOP LOSS AT 1.1456


VIEW FULL REPORT VISIT - CAPITALSTREETFX
 

CSFX.Support

Established member

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

kiubGfCnZ3XZ8KBiqXH38FQSJDIGZS0Th2LJupX6hWbpBU5r6aj_j9wmcNDICUNr_Es-FC6groqz2SzRiTPtAUMYohIaQUJ-N5jVHs9u1gyyQSy5EvWQw5_C_xWxL2KnQzZzW76qrTgdiCepONdnK1dcbJcTPV7e7ZwjNLon5uEufgKm5tPD8QTRuQbo-vTr8W7drhr2OA

ziayVz4Ah16m6WzIkIP9Nc590849oCwTEdJBGa7SiUxmo2Wj8lMQwfisD_7avUPiDMYzLkYKuyryrO0b6u-bDxrDIkfI7DtDMga0rv8VkoiBVFuUIvLJEjEP6brwS_llelciIIPU4jaSOkyyRz3ooejmcLKhzhw7T9L5Xnk0_Fb5yVeTWpI9KOS0sDh7z80NvqISD61neg

TRADE SUGGESTIONBUY AT 1.19475, TAKE PROFIT AT 1.20388, SL AT 1.18407


VIEW FULL REPORT VISIT - CAPITALSTREETFX
 

CSFX.Support

Established member

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

ca6S7MWWZZj5uOIDYX86dGRV28EHLhsbwhGCSrm4qEU6sWqTq6kblA675S819E9PEGTp3kJ5HXAGMMkch0E-LIp09QC2PU1JPx5KIdv7VqOYZAZHqwgnbboDzBp73TzOLkaXN2YMzwq_B-zuGtDqX5yMINN2fN5q7CzGT--FEOOG90WnbiSesMc3qEfmQzviRGtQzxAjww

mHYO78mz5qil9T7Tf-4y0-JRebibVFWIG1ONSXeod1XwTVmCeL_VOUtufpfnlMOU3NtpkEEGbLLshLPvS5ntp2pFrVCaMLarMBmskJClTVaDhFS2_T3-X6OKiqhwmsaqCzwoA23IVw89NbtE7GSkf3UovcNRp2R4_ew_eQfIBfOSmtU3oN4IobyRCZE5wgIrAkGfXP1WsA

TRADE SUGGESTIONBUY AT 1.18850, TAKE PROFIT AT 1.20295, SL AT 1.17712

VIEW FULL REPORT VISIT - CAPITALSTREETFX
 
Last edited:

CSFX.Support

Established member

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

5Me7_YhU0mUmAiaBolbrxk8gizGgkwk7Ydfe3Yl428zWBqylJrU8U1RlxULWgtjsffTxK-JakY_i83lI3qCPcR6j_pDyqNhVPazzSUXQ0XPElNgYF2Y7V16bH1O-oaFi89zCTp3Ln8-Sw-i_juHWv3N6PI1hsrI15ydvfuC8oZMv0FwCkd6gQNy-3Cx25Ontby8rUm0_Zg

uVmdDZGLjhWLxxs3KRjBHuaQtEWvEN7pOGhvjTxqAcVp5-AZ-x_E9YnQLg7VSUFiOlnOqR9IrBvx9SJppx2dBl3qJ54BsR1IQ5WlOqUTdOWn5MzhcvabyOs4lyA8Ot0B_IjR66IZoHtXzj-cvLC_kAqiZNN6KNCS0jmPai3XV1ApoWnqCvHx117Lzl5C52uRoVsL_DJoDA

TRADE SUGGESTIONBUY AT 1.21534, TAKE PROFIT AT 1.22772, SL AT 1.20511

VIEW FULL REPORT VISIT - CAPITALSTREETFX
 

CSFX.Support

Established member

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

7FiB5rLZA58X70oDDQgzGOJV4Pqj1Zw3tNT1FfJ9k4iCk8o0rG0CF-kkpMWW3KpE_RJPXe8f6U0I4-8QQ-bAapKfwXaXYUqzd5a4FOy6LrORIo0BUjJd0dqrsl9wtZEhTVy7_OHkmbX7uu1zS-LwGbknZHIZ5q0LauNg8R_kXF7GtlnYp4ED6isMoUL2-jIA8RQ_lCa0mw

QYdYfChXlNYqu6Wa30LW92D8YhfUZ1_tohXoZn8SWK_oLz3k0HY8GUO8Jqtdgno6Fej4peCw7D4KnCXahxJfCaBWOBhq2UwaX0yYXFOrdC32EQaEzWIXbBHj6WS-CzcPZ-QJ9tmiOz96NYmmOQPSRAVOld2VABA2FiH8v_vUNebSu560wvfxsR0DbgnpfEDS9NzlLa9uVA

TRADE SUGGESTIONBUY AT 1.20980, TAKE PROFIT AT 1.21917, SL AT 1.20229


VIEW FULL REPORT VISIT - CAPITALSTREETFX
 

CSFX.Support

Established member

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

xl7AiYwDQRwWZ_aN_ot14hee42eX36KbdKio-7ClhYI89KbwrZoU00KByp6Qk6m7Gpc5Zzm-ngGL8OhGpaRHGoTJgm3owFQw2J31Ao-ffJU8Dz3jNesfrpOd7-eU49lVO8Qoa9gF1tJmbEtjbq5B5eQBJxJ2AKJhjMqDoVkt_UOpQ2ollokZYpYAvFqzGRX8DkFKjJW2kg

1usUY7eT6XDCGCJVMUjBbp4kTkXIt0ic3OhpxfqJUu8WdyNDrXFOTDqG1MrUKfh-rD2bhDoTq5-RJfIuSFeVzC3uvHKKGCrWATZP7JvWHYjU7RY-U5Jf6YK_thaDn3qxhTDrYLaFtM8wn7OEaT1JxS-eBir1ARAz41oTi8Kjkv14al5KLf6HXJimOHPt_OYahouAdAzxQA

TRADE SUGGESTIONBUY AT 1.21516, TAKE PROFIT AT 1.22607, SL AT 1.20531

VIEW FULL REPORT VISIT - CAPITALSTREETFX
 
 
Top
AdBlock Detected

We get it, advertisements are annoying!

But it's thanks to our sponsors that access to Trade2Win remains free for all. By viewing our ads you help us pay our bills, so please support the site and disable your AdBlocker.

I've Disabled AdBlock    No Thanks