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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



TRADE SUGGESTION- BUY AT 1.2162, TAKE PROFIT AT 1.2203 AND STOP LOSS AT 1.2121

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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





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




TRADE SUGGESTION- BUY AT 1.2195, TAKE PROFIT AT 1.2233 AND STOP LOSS AT 1.2160

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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





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






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





TRADE SUGGESTION- SELL AT 1.2068, TAKE PROFIT AT 1.2036 AND STOP LOSS AT 1.2097


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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





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





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





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





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





TRADE SUGGESTION- SELL AT 1.2046, TAKE PROFIT AT 1.2036 AND STOP LOSS AT 1.2058

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TESLA PRICE TECHNICAL ANALYSIS​

TESLA TECHNICAL ANALYSIS: WEEKLY CHART


In the weekly charts, TESLA is trading in the down channel. TESLA is currently trading above all SMA.

RSI is in the buying zone, which shows 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 a 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



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





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





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

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

TRADE SUGGESTION- SELL AT 1.1688, TAKE PROFIT AT 1.1653 AND STOP LOSS AT 1.1730

VIEW FULL REPORT VISIT - CAPITALSTREETFX
 

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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



TRADE SUGGESTION– SELL AT 1.1585, TAKE PROFIT AT 1.1566 AND STOP LOSS AT 1.1591


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