Fundamental News And Technical Analysis Report – 19 December 2022
OIL INCREASES ON EXPECTATIONS OF CHINESE DEMAND AND U.S. SPR REPLENISHMENT
Asian stock market closes in red on Friday. The Shanghai Composite is down 0.02% at 3167.86 Overall, the Singapore MSCI is down 1.82% at 289.40. Over in Hong Kong, the Hang Seng Index is up 0.42% at 19450.67. In Japan, the Nikkei 225 is down 1.87% at 27527.12. While the Topix index is down 1.20% at 1950.21 South Korea’s Kospi is down 0.04% at 2360.02. Australia S&P/ASX 200 is down 0.78% at 7148.70.
TOP NEWS OF THE DAY: –
Oil prices rose on Monday, recovering from steep losses in the prior session as markets bet on a demand recovery fuelled by China’s economic reopening, while the Biden administration’s pledge to begin refilling its strategic reserve also brightened the outlook for prices.
Crude markets were buoyant as several Chinese officials, including President Xi Jinping, vowed to shore up economic growth after a year of COVID-19 lockdowns battered the world’s second-largest economy.
The country has now begun relaxing several anti-COVID measures, with recent road and air transport metrics showing that fuel demand is already picking up.
But China is also grappling with a large spike in COVID-19 infections, which analysts warn could spur market volatility amid conflicting signals over an economic reopening.
An announcement by the U.S. Energy Department on Friday that it will begin repurchasing crude oil for the Strategic Petroleum Reserve also supported the outlook for stronger prices.
This will be the United States’ first purchase since this year’s record 180-million-barrel release from the stockpile.
Market Summary as of 16/12/2022:
European equities Friday closing. The DAX futures contract in Germany traded down 0.67% at 13893.07, and CAC 40 futures were down 1.08% at 6452.63. UK 100 futures contract in the U.K. is down 1.27 at 7332.12
In the U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.85% at 32920.46. The S&P 500 is down 1.11% at 3852.36 and the Nasdaq 100 is down 0.97% at 10705.41, NYSE closes 1.08% down at 15018.17.
TECHNICAL SUMMARY
GBPUSD TECHNICAL ANALYSIS
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TRADE SUGGESTION – BUY AT 1.22183, TAKE PROFIT AT 1.23384, SL AT 1.21159
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Topic: DAILY TECHNICAL ANALYSIS WITH CANDLESTICK CHARTS – 25 OCTOBER 2021 - page 3. (Read 2111 times)
December 19, 2022, 08:26:43 AM
December 15, 2022, 08:54:23 AM
FUNDAMENTAL AND TECHNICAL ANALYSIS REPORT – 15 DECEMBER 2022
HONG KONG CENTRAL BANK RAISES RATES AFTER FED HIKE
Asian stock market closes in red on Wednesday. The Shanghai Composite is down 0.25% at 3176.53 Overall, the Singapore MSCI is down 0.09% at 298.40. Over in Hong Kong, the Hang Seng Index is down 1.42% at 19673.45. In Japan, the Nikkei 225 is down 0.37% at 28156.21., while the Topix index is down 0.18% at 1973.90 South Korea’s Kospi is down 1.60% at 2399.25. Australia S&P/ASX 200 is down 0.64% at 7204.80.
TOP NEWS OF THE DAY: –
The Hong Kong Monetary Authority (HKMA) said on Thursday it would raise its base rate charged through the overnight discount window by 50 basis points to 4.75%, hours after the U.S. Federal Reserve delivered a rate hike of the same margin.
The U.S. central bank raised interest rates by half a percentage point. It projected at least an additional 75 basis points of increases in borrowing costs by the end of 2023, as well as a rise in unemployment and a near-stalling of economic growth.
“Rate hike in the U.S. will not affect the financial and monetary stability of Hong Kong,” HKMA Chief Executive Eddie Yue told reporters. “Our monetary and financial markets continue to operate in a smooth and orderly manner. The Linked Exchange rate system (LERS) continues to work well.”
Hong Kong’s monetary policy moves in lock-step with U.S. policy as the city’s currency is pegged to the greenback in a tight range of 7.75-7.85 per dollar.
Market Summary as of 14/12/2022:
European equities Wednesday closing. The DAX futures contract in Germany traded down 0.26% at 14460.20, and CAC 40 futures were down 0.21% at 6730.79. UK 100 futures contract in the U.K. is down 0.09 at 7495.93
In the U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.42% at 33966.35. The S&P 500 is down 0.61% at 3995.32 and the Nasdaq 100 is down 0.76% at 11170.89, NYSE closes 0.43% down at 15494.98.
TECHNICAL SUMMARY
GBPUSD TECHNICAL ANALYSIS
TRADE SUGGESTION – BUY AT 1.22900, TAKE PROFIT AT 1.24074, SL AT 1.22443
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HONG KONG CENTRAL BANK RAISES RATES AFTER FED HIKE
Asian stock market closes in red on Wednesday. The Shanghai Composite is down 0.25% at 3176.53 Overall, the Singapore MSCI is down 0.09% at 298.40. Over in Hong Kong, the Hang Seng Index is down 1.42% at 19673.45. In Japan, the Nikkei 225 is down 0.37% at 28156.21., while the Topix index is down 0.18% at 1973.90 South Korea’s Kospi is down 1.60% at 2399.25. Australia S&P/ASX 200 is down 0.64% at 7204.80.
TOP NEWS OF THE DAY: –
The Hong Kong Monetary Authority (HKMA) said on Thursday it would raise its base rate charged through the overnight discount window by 50 basis points to 4.75%, hours after the U.S. Federal Reserve delivered a rate hike of the same margin.
The U.S. central bank raised interest rates by half a percentage point. It projected at least an additional 75 basis points of increases in borrowing costs by the end of 2023, as well as a rise in unemployment and a near-stalling of economic growth.
“Rate hike in the U.S. will not affect the financial and monetary stability of Hong Kong,” HKMA Chief Executive Eddie Yue told reporters. “Our monetary and financial markets continue to operate in a smooth and orderly manner. The Linked Exchange rate system (LERS) continues to work well.”
Hong Kong’s monetary policy moves in lock-step with U.S. policy as the city’s currency is pegged to the greenback in a tight range of 7.75-7.85 per dollar.
Market Summary as of 14/12/2022:
European equities Wednesday closing. The DAX futures contract in Germany traded down 0.26% at 14460.20, and CAC 40 futures were down 0.21% at 6730.79. UK 100 futures contract in the U.K. is down 0.09 at 7495.93
In the U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.42% at 33966.35. The S&P 500 is down 0.61% at 3995.32 and the Nasdaq 100 is down 0.76% at 11170.89, NYSE closes 0.43% down at 15494.98.
TECHNICAL SUMMARY
GBPUSD TECHNICAL ANALYSIS
TRADE SUGGESTION – BUY AT 1.22900, TAKE PROFIT AT 1.24074, SL AT 1.22443
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December 14, 2022, 08:40:19 AM
FUNDAMENTAL AND TECHNICAL ANALYSIS REPORT – 14 DECEMBER 2022
INFLATION IN THE UK DECREASED MORE THAN ANTICIPATED IN NOVEMBER, RELIEVING PRESSURE ON THE BOE.
Asian stock market closes in green on Tuesday. The Shanghai Composite is down 0.14% at 3176.33 Overall, the Singapore MSCI is up 0.40% at 298.00. Over in Hong Kong, the Hang Seng Index is up 0.69% at 19596.20. In Japan, the Nikkei 225 is up 0.72% at 27954.85., while the Topix index is up 0.60% at 1965.68 South Korea’s Kospi is up 1.13% at 2372.40. Australia S&P/ASX 200 up 0.67% at 7251.30.
TOP NEWS OF THE DAY: –
U.K. inflation fell by more than expected in November, easing the pressure on the Bank of England to keep raising interest rates against the backdrop of a recession.
The consumer price index rose by 0.4% on the month, down from an alarming 2.0% in October that was caused by the adjustment of regulated household energy prices. Analysts had expected an increase of 0.6% ahead of time.
That brought the year-on-year rate down to 10.7% from 11.1%.
Stripping out volatile fuel and energy components, the core CPI rate also eased by more than expected, rising only 0.3%, rather than the 0.5% forecast. In annual terms, core inflation is now running at 6.3%, down from 6.5% last month.
The figures come only hours before the Bank of England is set to announce its latest policy decisions.
Market Summary as per 13/12/2022:
European equities Tuesday closing. The DAX futures contract in Germany traded up 1.34% at 14497.89, CAC 40 futures up 1.42% at 6744.98. UK 100 futures contract in the U.K. up 0.76 at 7502.89
In the U.S. on Wall Street, the Dow Jones Industrial Average Closed up 0.30% at 34108.64. The S&P 500 up 0.73% at 4019.65 and the Nasdaq 100 up 1.01% at 11256.81, NYSE closes 0.61% up at 15562.54.
TECHNICAL SUMMARY
GBPUSD TECHNICAL ANALYSIS
TRADE SUGGESTION – BUY AT 1.23730, TAKE PROFIT AT 1.24870, SL AT 1.22966
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INFLATION IN THE UK DECREASED MORE THAN ANTICIPATED IN NOVEMBER, RELIEVING PRESSURE ON THE BOE.
Asian stock market closes in green on Tuesday. The Shanghai Composite is down 0.14% at 3176.33 Overall, the Singapore MSCI is up 0.40% at 298.00. Over in Hong Kong, the Hang Seng Index is up 0.69% at 19596.20. In Japan, the Nikkei 225 is up 0.72% at 27954.85., while the Topix index is up 0.60% at 1965.68 South Korea’s Kospi is up 1.13% at 2372.40. Australia S&P/ASX 200 up 0.67% at 7251.30.
TOP NEWS OF THE DAY: –
U.K. inflation fell by more than expected in November, easing the pressure on the Bank of England to keep raising interest rates against the backdrop of a recession.
The consumer price index rose by 0.4% on the month, down from an alarming 2.0% in October that was caused by the adjustment of regulated household energy prices. Analysts had expected an increase of 0.6% ahead of time.
That brought the year-on-year rate down to 10.7% from 11.1%.
Stripping out volatile fuel and energy components, the core CPI rate also eased by more than expected, rising only 0.3%, rather than the 0.5% forecast. In annual terms, core inflation is now running at 6.3%, down from 6.5% last month.
The figures come only hours before the Bank of England is set to announce its latest policy decisions.
Market Summary as per 13/12/2022:
European equities Tuesday closing. The DAX futures contract in Germany traded up 1.34% at 14497.89, CAC 40 futures up 1.42% at 6744.98. UK 100 futures contract in the U.K. up 0.76 at 7502.89
In the U.S. on Wall Street, the Dow Jones Industrial Average Closed up 0.30% at 34108.64. The S&P 500 up 0.73% at 4019.65 and the Nasdaq 100 up 1.01% at 11256.81, NYSE closes 0.61% up at 15562.54.
TECHNICAL SUMMARY
GBPUSD TECHNICAL ANALYSIS
TRADE SUGGESTION – BUY AT 1.23730, TAKE PROFIT AT 1.24870, SL AT 1.22966
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December 01, 2022, 06:26:44 AM
FUNDAMENTAL AND TECHNICAL ANALYSIS REPORT – 01 DECEMBER 2022
POWELL SAID THERE IS STILL TIME BEFORE PEAK RATES BUT THAT THE DECEMBER HIKE WILL BE SLOWER
Asian stock market closes in green on Wednesday. The Shanghai Composite is up 0.59% at 3151.34 Overall, the Singapore MSCI is up 0.15% at 299.75. Over in Hong Kong, the Hang Seng Index is up 2.16% at 18597.23. In Japan, the Nikkei 225 is up 1.43% at 28368.78, while the Topix index is up 0.61% at 1997.64 South Korea’s Kospi is up 1.08% at 2,499.13. Australia S&P/ASX 200 up 0.95% at 7353.60.
TOP NEWS OF THE DAY:
Federal Reserve Chairman Jerome Powell said that the pace of rate hikes is likely to slow, but the peak level of rates will be higher than previously expected as there is a long way to go to curb above-trend inflation.
“Moderating the pace of rate increases may come as soon as the December meeting,” Powell said in a speech on Wednesday at the Brookings Institution event in Washington. He added that the Fed’s monetary policy was approaching “the level of restraint that will be sufficient to bring inflation down.”
About 70% of traders expect the Fed to slow rate hikes to 50 basis points in December, down from 75 basis points seen in the prior four Fed meetings.
“We continue to expect the FOMC to slow the pace of rate hikes to 50bp in December and to 25bp in February, March, and May, raising the funds rate to a peak of 5-5.25%,” Goldman Sachs said in a note ahead of Powell’s remarks.
Market Summary as per 30/11/2022:
European equities Wednesday closing. The DAX futures contract in Germany traded up 0.29% at 14397.04, CAC 40 futures up 1.04% at 6738.55. UK 100 futures contract in the U.K. up 0.81 at 7573.05.
In the U.S. on Wall Street, the Dow Jones Industrial Average Closed up 2.18% at 34589.77. The S&P 500 up 3.09% at 4080.11 and the Nasdaq 100 up 4.41% at 11468.00, NYSE closes 2.25% up at 15780.02.
TECHNICAL SUMMARY
GBPUSD TECHNICAL ANALYSIS
TRADE SUGGESTION – BUY AT 1.21516, TAKE PROFIT AT 1.22607, SL AT 1.20531
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POWELL SAID THERE IS STILL TIME BEFORE PEAK RATES BUT THAT THE DECEMBER HIKE WILL BE SLOWER
Asian stock market closes in green on Wednesday. The Shanghai Composite is up 0.59% at 3151.34 Overall, the Singapore MSCI is up 0.15% at 299.75. Over in Hong Kong, the Hang Seng Index is up 2.16% at 18597.23. In Japan, the Nikkei 225 is up 1.43% at 28368.78, while the Topix index is up 0.61% at 1997.64 South Korea’s Kospi is up 1.08% at 2,499.13. Australia S&P/ASX 200 up 0.95% at 7353.60.
TOP NEWS OF THE DAY:
Federal Reserve Chairman Jerome Powell said that the pace of rate hikes is likely to slow, but the peak level of rates will be higher than previously expected as there is a long way to go to curb above-trend inflation.
“Moderating the pace of rate increases may come as soon as the December meeting,” Powell said in a speech on Wednesday at the Brookings Institution event in Washington. He added that the Fed’s monetary policy was approaching “the level of restraint that will be sufficient to bring inflation down.”
About 70% of traders expect the Fed to slow rate hikes to 50 basis points in December, down from 75 basis points seen in the prior four Fed meetings.
“We continue to expect the FOMC to slow the pace of rate hikes to 50bp in December and to 25bp in February, March, and May, raising the funds rate to a peak of 5-5.25%,” Goldman Sachs said in a note ahead of Powell’s remarks.
Market Summary as per 30/11/2022:
European equities Wednesday closing. The DAX futures contract in Germany traded up 0.29% at 14397.04, CAC 40 futures up 1.04% at 6738.55. UK 100 futures contract in the U.K. up 0.81 at 7573.05.
In the U.S. on Wall Street, the Dow Jones Industrial Average Closed up 2.18% at 34589.77. The S&P 500 up 3.09% at 4080.11 and the Nasdaq 100 up 4.41% at 11468.00, NYSE closes 2.25% up at 15780.02.
TECHNICAL SUMMARY
GBPUSD TECHNICAL ANALYSIS
TRADE SUGGESTION – BUY AT 1.21516, TAKE PROFIT AT 1.22607, SL AT 1.20531
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November 28, 2022, 02:01:34 PM
FUNDAMENTAL AND TECHNICAL ANALYSIS REPORT – 28 November 2022
CONFLICTS IN SHANGHAI AS COVID DEMONSTRATIONS SPREAD THROUGHOUT CHINA
Asian stock market closed red on Friday. The Shanghai Composite is up 0.40% at 3101.69 Overall, the Singapore MSCI is flat by 0.00% at 293.95. Over in Hong Kong, the Hang Seng Index is down 0.49% at 17573.58. In Japan, the Nikkei 225 is down 0.35% at 28283.03, while the Topix index is down 0.040% at 2018.00 South Korea’s Kospi is down 0.14% at 2,437.86. Australia S&P/ASX 200 is up 0.24% at 7259.50.
TOP NEWS OF THE DAY:
Hundreds of demonstrators and police clashed in Shanghai on Sunday night as protests over China’s stringent COVID restrictions flared for the third day and spread to several cities in the wake of a deadly fire in the country’s far west.
The wave of civil disobedience is unprecedented in mainland China since President Xi Jinping assumed power a decade ago, as frustration mounts over his signature zero-COVID policy nearly three years into the pandemic. The COVID measures are also exacting a heavy toll on the world’s second-largest economy.
Protesters also took to the streets in the cities of Wuhan and Chengdu on Sunday, while students on numerous university campuses around China gathered to demonstrate over the weekend.
Market Summary as of 25/11/2022:
European equities Friday closing. The DAX futures contract in Germany traded up 0.01% at 14541.38, and CAC 40 futures up 0.08% at 6712.48. UK 100 futures contract in the U.K. is up 0.27 at 7486.67
In the U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.45% at 34347.03. The S&P 500 is up 0.08% at 4027.72 and the Nasdaq 100 is down 0.52% at 11226.36, NYSE closes 0.39% up at 15605.68.
TECHNICAL SUMMARY
GBPUSD TECHNICAL ANALYSIS
TRADE SUGGESTION – BUY AT 1.20980, TAKE PROFIT AT 1.21917, SL AT 1.20229
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CONFLICTS IN SHANGHAI AS COVID DEMONSTRATIONS SPREAD THROUGHOUT CHINA
Asian stock market closed red on Friday. The Shanghai Composite is up 0.40% at 3101.69 Overall, the Singapore MSCI is flat by 0.00% at 293.95. Over in Hong Kong, the Hang Seng Index is down 0.49% at 17573.58. In Japan, the Nikkei 225 is down 0.35% at 28283.03, while the Topix index is down 0.040% at 2018.00 South Korea’s Kospi is down 0.14% at 2,437.86. Australia S&P/ASX 200 is up 0.24% at 7259.50.
TOP NEWS OF THE DAY:
Hundreds of demonstrators and police clashed in Shanghai on Sunday night as protests over China’s stringent COVID restrictions flared for the third day and spread to several cities in the wake of a deadly fire in the country’s far west.
The wave of civil disobedience is unprecedented in mainland China since President Xi Jinping assumed power a decade ago, as frustration mounts over his signature zero-COVID policy nearly three years into the pandemic. The COVID measures are also exacting a heavy toll on the world’s second-largest economy.
Protesters also took to the streets in the cities of Wuhan and Chengdu on Sunday, while students on numerous university campuses around China gathered to demonstrate over the weekend.
Market Summary as of 25/11/2022:
European equities Friday closing. The DAX futures contract in Germany traded up 0.01% at 14541.38, and CAC 40 futures up 0.08% at 6712.48. UK 100 futures contract in the U.K. is up 0.27 at 7486.67
In the U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.45% at 34347.03. The S&P 500 is up 0.08% at 4027.72 and the Nasdaq 100 is down 0.52% at 11226.36, NYSE closes 0.39% up at 15605.68.
TECHNICAL SUMMARY
GBPUSD TECHNICAL ANALYSIS
TRADE SUGGESTION – BUY AT 1.20980, TAKE PROFIT AT 1.21917, SL AT 1.20229
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November 25, 2022, 08:49:03 AM
FUNDAMENTAL AND TECHNICAL ANALYSIS REPORT – 25 NOVEMBER 2022
U.S. YIELDS FALL ALONG WITH THE DOLLAR ON DOVISH-FED WAGERS, WHILE HK EQUITIES DECLINE.
Asian stock market closed green on Thursday. The Shanghai Composite is down 0.25% at 3089.31 Overall, the Singapore MSCI is up 0.19% at 294.43. Over in Hong Kong, the Hang Seng Index is up 0.78% at 17660.90. In Japan, the Nikkei 225 is up 0.95% at 28383.09, while the Topix index is up 1.21% at 2018.80 South Korea’s Kospi is up 0.96% at 2,441.34. Australia S&P/ASX 200 up 0.14% at 7241.80.
TOP NEWS OF THE DAY:
U.S. long-term Treasury yields sank to a more than seven-week trough on Friday while the dollar dropped back toward recent lows against major peers as markets continued to digest dovish signals from the Federal Reserve.
Expectations of a less aggressive pace of U.S. monetary tightening from as soon as next month continued to support some stock markets in Asia, but Hong Kong’s Hang Seng dropped as record COVID-19 infections in China dimmed the outlook.
The 10-year Treasury yield dipped to 3.65% in Tokyo trading, the lowest since Oct. 5, following Thursday’s U.S. Thanksgiving holiday. The two-year yield slipped to a one-week bottom at 4.424%.
The dollar index, which measures the greenback against the euro, yen and four other rivals, retreated 0.11% to 105.76, heading back toward Thursday’s low of 105.62.
Market Summary as per 24/11/2022:
European equities Thursday closing. The DAX futures contract in Germany traded up 0.78% at 14539.56, CAC 40 futures up 0.42% at 6707.32. UK 100 futures contract in the U.K. up 0.02 at 7466.60
In the U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.28% at 34194.06. The S&P 500 up 0.53% at 4024.28 and the Nasdaq 100 also up 0.99% at 11285.32, NYSE closes 0.41% up at 15545.52.
TECHNICAL SUMMARY
GBPUSD TECHNICAL ANALYSIS
TRADE SUGGESTION – BUY AT 1.21534, TAKE PROFIT AT 1.22772, SL AT 1.20511
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U.S. YIELDS FALL ALONG WITH THE DOLLAR ON DOVISH-FED WAGERS, WHILE HK EQUITIES DECLINE.
Asian stock market closed green on Thursday. The Shanghai Composite is down 0.25% at 3089.31 Overall, the Singapore MSCI is up 0.19% at 294.43. Over in Hong Kong, the Hang Seng Index is up 0.78% at 17660.90. In Japan, the Nikkei 225 is up 0.95% at 28383.09, while the Topix index is up 1.21% at 2018.80 South Korea’s Kospi is up 0.96% at 2,441.34. Australia S&P/ASX 200 up 0.14% at 7241.80.
TOP NEWS OF THE DAY:
U.S. long-term Treasury yields sank to a more than seven-week trough on Friday while the dollar dropped back toward recent lows against major peers as markets continued to digest dovish signals from the Federal Reserve.
Expectations of a less aggressive pace of U.S. monetary tightening from as soon as next month continued to support some stock markets in Asia, but Hong Kong’s Hang Seng dropped as record COVID-19 infections in China dimmed the outlook.
The 10-year Treasury yield dipped to 3.65% in Tokyo trading, the lowest since Oct. 5, following Thursday’s U.S. Thanksgiving holiday. The two-year yield slipped to a one-week bottom at 4.424%.
The dollar index, which measures the greenback against the euro, yen and four other rivals, retreated 0.11% to 105.76, heading back toward Thursday’s low of 105.62.
Market Summary as per 24/11/2022:
European equities Thursday closing. The DAX futures contract in Germany traded up 0.78% at 14539.56, CAC 40 futures up 0.42% at 6707.32. UK 100 futures contract in the U.K. up 0.02 at 7466.60
In the U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.28% at 34194.06. The S&P 500 up 0.53% at 4024.28 and the Nasdaq 100 also up 0.99% at 11285.32, NYSE closes 0.41% up at 15545.52.
TECHNICAL SUMMARY
GBPUSD TECHNICAL ANALYSIS
TRADE SUGGESTION – BUY AT 1.21534, TAKE PROFIT AT 1.22772, SL AT 1.20511
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November 23, 2022, 12:39:23 PM
FUNDAMENTAL AND TECHNICAL ANALYSIS REPORT – 23 NOVEMBER 2022
AS U.S. INVENTORIES DECLINE, OIL PRICES RISE, BUT GAINS ARE LIMITED BY CHINA’S COVID WORRIES.
Asian stock market closed green on Tuesday. The Shanghai Composite is up 0.13% at 3088.94 Overall, the Singapore MSCI is up 0.14% at 295.88. Over in Hong Kong, the Hang Seng Index is down 1.31% at 17424.41. In Japan, the Nikkei 225 is up 0.61% at 28115.74, while the Topix index is up 1.12% at 1994.75 South Korea’s Kospi is down 0.59% at 2,405.27. Australia S&P/ASX 200 up 0.59% at 7181.30.
TOP NEWS OF THE DAY:
Oil prices rose further on Wednesday after data indicated that U.S. crude inventories shrank substantially in the past week, although the introduction of new anti-COVID curbs in major Chinese cities put a lid on gains.
Data from the American Petroleum Institute showed that U.S. crude stockpiles fell a bigger-than-expected 4.8 million barrels in the past week, likely heralding a similar decline in official government figures due later today. The focus will also be on the pace of the U.S. government’s drawdown from the Strategic Petroleum Reserve, which is at an over 38-year low.
Weakness in the dollar, amid uncertainty over the path of U.S. interest rates, also helped support prices.
But gains were muted as rising COVID-19 cases in China saw the introduction of more curbs in major cities, particularly Beijing and Shanghai. The country is now struggling with a record-high increase in daily infections, which markets fear could trigger a slowdown in the world’s largest oil importer.
TECHNICAL SUMMARY
GBPUSD TECHNICAL ANALYSIS
TRADE SUGGESTION – BUY AT 1.18850, TAKE PROFIT AT 1.20295, SL AT 1.17712
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AS U.S. INVENTORIES DECLINE, OIL PRICES RISE, BUT GAINS ARE LIMITED BY CHINA’S COVID WORRIES.
Asian stock market closed green on Tuesday. The Shanghai Composite is up 0.13% at 3088.94 Overall, the Singapore MSCI is up 0.14% at 295.88. Over in Hong Kong, the Hang Seng Index is down 1.31% at 17424.41. In Japan, the Nikkei 225 is up 0.61% at 28115.74, while the Topix index is up 1.12% at 1994.75 South Korea’s Kospi is down 0.59% at 2,405.27. Australia S&P/ASX 200 up 0.59% at 7181.30.
TOP NEWS OF THE DAY:
Oil prices rose further on Wednesday after data indicated that U.S. crude inventories shrank substantially in the past week, although the introduction of new anti-COVID curbs in major Chinese cities put a lid on gains.
Data from the American Petroleum Institute showed that U.S. crude stockpiles fell a bigger-than-expected 4.8 million barrels in the past week, likely heralding a similar decline in official government figures due later today. The focus will also be on the pace of the U.S. government’s drawdown from the Strategic Petroleum Reserve, which is at an over 38-year low.
Weakness in the dollar, amid uncertainty over the path of U.S. interest rates, also helped support prices.
But gains were muted as rising COVID-19 cases in China saw the introduction of more curbs in major cities, particularly Beijing and Shanghai. The country is now struggling with a record-high increase in daily infections, which markets fear could trigger a slowdown in the world’s largest oil importer.
TECHNICAL SUMMARY
GBPUSD TECHNICAL ANALYSIS
TRADE SUGGESTION – BUY AT 1.18850, TAKE PROFIT AT 1.20295, SL AT 1.17712
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November 18, 2022, 07:25:19 AM
FUNDAMENTAL AND TECHNICAL ANALYSIS REPORT – 18 November 2022
OIL REBOUNDS FOLLOWING SHARP DROPS
Asian stock market closed green on Thursday. The Shanghai Composite is up 0.95% at 3115.53 Overall, the Singapore MSCI is down 0.35% at 300.12. Over in Hong Kong, the Hang Seng Index is up 0.14% at 18,045.66. In Japan, the Nikkei 225 is down 0.11% at 27930.57, while the Topix index is up 0.43% at 1966.28 South Korea’s Kospi is up 0.06% at 2,442.90. Australia S&P/ASX 200 up 0.23% at 7135.70.
TOP NEWS OF THE DAY:
Oil prices rose on Friday after a series of bruising sessions and were set to end the week lower as hawkish signals from the Federal Reserve and rising COVID-19 cases in China brewed concerns over slowing global demand.
Crude markets plummeted on Thursday after hawkish comments from St. Louis Fed President James Bullard suggested that the bank intends to raise interest rates by at least another 150 basis points, citing a limited impact on inflation from recent hikes. This ratcheted up fears that U.S. economic growth will slow dramatically in the coming quarters, amid pressure from high-interest rates and stubborn inflation.
Oil prices were also dented by news of rising COVID-19 cases in China, which raised the prospect of more disruptive lockdown measures in the country.
TECHNICAL SUMMARY
GBPUSD TECHNICAL ANALYSIS
TRADE SUGGESTION – BUY AT 1.19475, TAKE PROFIT AT 1.20388, SL AT 1.18407
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OIL REBOUNDS FOLLOWING SHARP DROPS
Asian stock market closed green on Thursday. The Shanghai Composite is up 0.95% at 3115.53 Overall, the Singapore MSCI is down 0.35% at 300.12. Over in Hong Kong, the Hang Seng Index is up 0.14% at 18,045.66. In Japan, the Nikkei 225 is down 0.11% at 27930.57, while the Topix index is up 0.43% at 1966.28 South Korea’s Kospi is up 0.06% at 2,442.90. Australia S&P/ASX 200 up 0.23% at 7135.70.
TOP NEWS OF THE DAY:
Oil prices rose on Friday after a series of bruising sessions and were set to end the week lower as hawkish signals from the Federal Reserve and rising COVID-19 cases in China brewed concerns over slowing global demand.
Crude markets plummeted on Thursday after hawkish comments from St. Louis Fed President James Bullard suggested that the bank intends to raise interest rates by at least another 150 basis points, citing a limited impact on inflation from recent hikes. This ratcheted up fears that U.S. economic growth will slow dramatically in the coming quarters, amid pressure from high-interest rates and stubborn inflation.
Oil prices were also dented by news of rising COVID-19 cases in China, which raised the prospect of more disruptive lockdown measures in the country.
TECHNICAL SUMMARY
GBPUSD TECHNICAL ANALYSIS
TRADE SUGGESTION – BUY AT 1.19475, TAKE PROFIT AT 1.20388, SL AT 1.18407
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November 02, 2022, 07:15:39 AM
FUNDAMENTAL AND TECHNICAL ANALYSIS REPORT – 02 NOVEMBER 2022
ENERGY CRISIS ERODES EUROPE’S INDUSTRIAL STRENGTH
Asian shares climbed on Wednesday. The Shanghai Composite is up 1.33% at 3,008.59. Overall, the Singapore MSCI is down 0.66% at 279.40. Over in Hong Kong, the Hang Seng Index is up 2.48% at 15,824.00. In Japan, the Nikkei 225 is down 0.18% at 27,640.00, while the Topix index is down 0.15% at 1937.00. South Korea’s Kospi is up 0.20% at 2,339.89. Australia S&P/ASX 200 up 0.14% at 6986.70.
TOP NEWS OF THE DAY:
Europe needs its industrial companies to save energy amid soaring costs and shrinking supplies, and they are delivering – demand for natural gas and electricity both fell in the past quarter.
It is far too early to rejoice, though. The drop is not just because industrial companies are turning down thermostats, they are also shutting down plants that may never reopen.
Market Summary as per 01/11/2022:
European equities Tuesday closing. The DAX futures contract in Germany traded up 0.64% at 13,338.74, CAC 40 futures up 0.98% at 6328.26 and the UK 100 futures contract in the U.K. up 1.29% at 7186.17.
In the U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.24% at 32653.21. The S&P 500 down 0.41% at 3856.11 and the Nasdaq 100 down 1.02% at 11288.98, NYSE closes up 0.30% at 14790.70.
GBPUSD TECHNICAL ANALYSIS
TRADE SUGGESTION- BUY AT 1.1502, TAKE PROFIT AT 1.1598 AND STOP LOSS AT 1.1456
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ENERGY CRISIS ERODES EUROPE’S INDUSTRIAL STRENGTH
Asian shares climbed on Wednesday. The Shanghai Composite is up 1.33% at 3,008.59. Overall, the Singapore MSCI is down 0.66% at 279.40. Over in Hong Kong, the Hang Seng Index is up 2.48% at 15,824.00. In Japan, the Nikkei 225 is down 0.18% at 27,640.00, while the Topix index is down 0.15% at 1937.00. South Korea’s Kospi is up 0.20% at 2,339.89. Australia S&P/ASX 200 up 0.14% at 6986.70.
TOP NEWS OF THE DAY:
Europe needs its industrial companies to save energy amid soaring costs and shrinking supplies, and they are delivering – demand for natural gas and electricity both fell in the past quarter.
It is far too early to rejoice, though. The drop is not just because industrial companies are turning down thermostats, they are also shutting down plants that may never reopen.
Market Summary as per 01/11/2022:
European equities Tuesday closing. The DAX futures contract in Germany traded up 0.64% at 13,338.74, CAC 40 futures up 0.98% at 6328.26 and the UK 100 futures contract in the U.K. up 1.29% at 7186.17.
In the U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.24% at 32653.21. The S&P 500 down 0.41% at 3856.11 and the Nasdaq 100 down 1.02% at 11288.98, NYSE closes up 0.30% at 14790.70.
GBPUSD TECHNICAL ANALYSIS
TRADE SUGGESTION- BUY AT 1.1502, TAKE PROFIT AT 1.1598 AND STOP LOSS AT 1.1456
VIEW FULL REPORT VISIT - CAPITALSTREETFX
November 01, 2022, 05:21:31 AM
FUNDAMENTAL AND TECHNICAL ANALYSIS REPORT – 01 NOVEMBER 2022
RBA HIKES INTEREST RATES BY 25 BPS, CUTS GROWTH OUTLOOK
Asian shares rose and bond yields firmed in early trade on Tuesday. The Shanghai Composite is up 1.18% at 2,927.71. Overall, the Singapore MSCI is up 0.97% at 280.70. Over in Hong Kong, the Hang Seng Index is up 4.26% at 15,266.00. In Japan, the Nikkei 225 is up 0.33% at 27,640.00, while the Topix index is up 0.49% at 1935.50. South Korea’s Kospi is up 1.61% at 2,330.44. Australia S&P/ASX 200 up 1.65% at 6976.90.
TOP NEWS OF THE DAY:
The Reserve Bank of Australia (RBA) raised interest rates as expected on Tuesday, but also hiked its inflation forecast and trimmed its GDP outlook as it flagged more headwinds for the economy from increased price pressures and rising rates.
The RBA raised its target cash rate by 25 basis points (bps) to 2.85%, bringing interest rates to their highest level in nine years.
Market Summary as per 31/10/2022:
European equities Monday closing. The DAX futures contract in Germany traded up 0.08% at 13,253.74, CAC 40 futures down 0.10% at 6266.78 and the UK 100 futures contract in the U.K. up 0.66% at 7094.52.
In the U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.39% at 32732.96. The S&P 500 down 0.75% at 3871.97 and the Nasdaq 100 down 1.22% at 11405.57, NYSE closes down 0.33% at 14747.02.
TECHNICAL SUMMARY
GBPUSD TECHNICAL ANALYSIS
TRADE SUGGESTION- BUY AT 1.1532, TAKE PROFIT AT 1.1596 AND STOP LOSS AT 1.1493
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RBA HIKES INTEREST RATES BY 25 BPS, CUTS GROWTH OUTLOOK
Asian shares rose and bond yields firmed in early trade on Tuesday. The Shanghai Composite is up 1.18% at 2,927.71. Overall, the Singapore MSCI is up 0.97% at 280.70. Over in Hong Kong, the Hang Seng Index is up 4.26% at 15,266.00. In Japan, the Nikkei 225 is up 0.33% at 27,640.00, while the Topix index is up 0.49% at 1935.50. South Korea’s Kospi is up 1.61% at 2,330.44. Australia S&P/ASX 200 up 1.65% at 6976.90.
TOP NEWS OF THE DAY:
The Reserve Bank of Australia (RBA) raised interest rates as expected on Tuesday, but also hiked its inflation forecast and trimmed its GDP outlook as it flagged more headwinds for the economy from increased price pressures and rising rates.
The RBA raised its target cash rate by 25 basis points (bps) to 2.85%, bringing interest rates to their highest level in nine years.
Market Summary as per 31/10/2022:
European equities Monday closing. The DAX futures contract in Germany traded up 0.08% at 13,253.74, CAC 40 futures down 0.10% at 6266.78 and the UK 100 futures contract in the U.K. up 0.66% at 7094.52.
In the U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.39% at 32732.96. The S&P 500 down 0.75% at 3871.97 and the Nasdaq 100 down 1.22% at 11405.57, NYSE closes down 0.33% at 14747.02.
TECHNICAL SUMMARY
GBPUSD TECHNICAL ANALYSIS
TRADE SUGGESTION- BUY AT 1.1532, TAKE PROFIT AT 1.1596 AND STOP LOSS AT 1.1493
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October 31, 2022, 07:18:02 AM
FUNDAMENTAL AND TECHNICAL ANALYSIS REPORT – 31 OCTOBER 2022
DATA SUGGEST FED HAWKS WILL STAY IN CONTROL
Asian stock markets climbed cautiously on Monday. The Shanghai Composite is down 0.03% at 2,914.94. Overall, the Singapore MSCI is up 2.63% at 280.70. Over in Hong Kong, the Hang Seng Index is up 0.80% at 15,009.00. In Japan, the Nikkei 225 is up 2.04% at 27,560.00, while the Topix index is up 1.99% at 1924.50. South Korea’s Kospi is up 0.94% at 2,289.83. Australia S&P/ASX 200 up 0.97% at 6851.20.
TOP NEWS OF THE DAY:
The dollar advanced on Monday after strong consumer spending data pointed to persistent underlying inflation pressure, cooling bets that the U.S. Federal Reserve could signal a slowdown in its aggressive monetary policy tightening campaign.
The greenback moved broadly higher in Asia trade, particularly against the Japanese yen, rising more than 0.5% and pushing above the 148-yen level.
Market Summary as per 28/10/2022:
European equities Friday closing. The DAX futures contract in Germany traded up 0.24% at 13,243.33, CAC 40 futures up 0.46% at 6273.06 and the UK 100 futures contract in the U.K. down 0.37% at 7047.68.
In the U.S. on Wall Street, the Dow Jones Industrial Average closed up 2.59% at 32861.81. The S&P 500 up 2.46% at 3901.07 and the Nasdaq 100 up 3.17% at 11546.21, NYSE closes up 1.55% at 14795.63.
TECHNICAL SUMMARY
GBPUSD TECHNICAL ANALYSIS
TRADE SUGGESTION- BUY AT 1.1596, TAKE PROFIT AT 1.1731 AND STOP LOSS AT 1.1480
VIEW FULL REPORT VISIT - CAPITALSTREETFX
DATA SUGGEST FED HAWKS WILL STAY IN CONTROL
Asian stock markets climbed cautiously on Monday. The Shanghai Composite is down 0.03% at 2,914.94. Overall, the Singapore MSCI is up 2.63% at 280.70. Over in Hong Kong, the Hang Seng Index is up 0.80% at 15,009.00. In Japan, the Nikkei 225 is up 2.04% at 27,560.00, while the Topix index is up 1.99% at 1924.50. South Korea’s Kospi is up 0.94% at 2,289.83. Australia S&P/ASX 200 up 0.97% at 6851.20.
TOP NEWS OF THE DAY:
The dollar advanced on Monday after strong consumer spending data pointed to persistent underlying inflation pressure, cooling bets that the U.S. Federal Reserve could signal a slowdown in its aggressive monetary policy tightening campaign.
The greenback moved broadly higher in Asia trade, particularly against the Japanese yen, rising more than 0.5% and pushing above the 148-yen level.
Market Summary as per 28/10/2022:
European equities Friday closing. The DAX futures contract in Germany traded up 0.24% at 13,243.33, CAC 40 futures up 0.46% at 6273.06 and the UK 100 futures contract in the U.K. down 0.37% at 7047.68.
In the U.S. on Wall Street, the Dow Jones Industrial Average closed up 2.59% at 32861.81. The S&P 500 up 2.46% at 3901.07 and the Nasdaq 100 up 3.17% at 11546.21, NYSE closes up 1.55% at 14795.63.
TECHNICAL SUMMARY
GBPUSD TECHNICAL ANALYSIS
TRADE SUGGESTION- BUY AT 1.1596, TAKE PROFIT AT 1.1731 AND STOP LOSS AT 1.1480
VIEW FULL REPORT VISIT - CAPITALSTREETFX
October 28, 2022, 08:11:18 AM
FUNDAMENTAL AND TECHNICAL ANALYSIS REPORT – 28 OCTOBER 2022
ECB HIKES KEY RATES BY 75 BASIS POINTS
Asian shares fell on Friday. The Shanghai Composite is down 1.47% at 2,938.97. Overall, the Singapore MSCI is up 0.50% at 272.70. Over in Hong Kong, the Hang Seng Index is down 3.17% at 14,973.00. In Japan, the Nikkei 225 is down 0.73% at 27,100.00, while the Topix index is down 0.34% at 1898.00. South Korea’s Kospi is down 0.93% at 2,267.48. Australia S&P/ASX 200 down 0.87% at 6785.70.
TOP NEWS OF THE DAY:
The European Central Bank raised its key interest rates by another 75 basis points and said it plans to hike further in its battle to bring inflation down from a 40-year high.
As such, the key deposit rate – which sets the floor for Eurozone money markets – will rise to 1.50%, while the refinancing rate rises to 2.00% and the marginal lending rate rises to 2.25%.
Market Summary as per 27/10/2022:
European equities Thursday closing. The DAX futures contract in Germany traded up 0.12% at 13,211.23, CAC 40 futures down 0.51% at 6244.04 and the UK 100 futures contract in the U.K. up 0.25% at 7073.70.
In the U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.61% at 32033.29. The S&P 500 down 0.61% at 3807.29 and the Nasdaq 100 down 1.88% at 11191.63, NYSE closes up 0.26% at 14569.89.
TECHNICAL SUMMARY
GBPUSD TECHNICAL ANALYSIS
TRADE SUGGESTION- BUY AT 1.1530, TAKE PROFIT AT 1.1636 AND STOP LOSS AT 1.1478
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ECB HIKES KEY RATES BY 75 BASIS POINTS
Asian shares fell on Friday. The Shanghai Composite is down 1.47% at 2,938.97. Overall, the Singapore MSCI is up 0.50% at 272.70. Over in Hong Kong, the Hang Seng Index is down 3.17% at 14,973.00. In Japan, the Nikkei 225 is down 0.73% at 27,100.00, while the Topix index is down 0.34% at 1898.00. South Korea’s Kospi is down 0.93% at 2,267.48. Australia S&P/ASX 200 down 0.87% at 6785.70.
TOP NEWS OF THE DAY:
The European Central Bank raised its key interest rates by another 75 basis points and said it plans to hike further in its battle to bring inflation down from a 40-year high.
As such, the key deposit rate – which sets the floor for Eurozone money markets – will rise to 1.50%, while the refinancing rate rises to 2.00% and the marginal lending rate rises to 2.25%.
Market Summary as per 27/10/2022:
European equities Thursday closing. The DAX futures contract in Germany traded up 0.12% at 13,211.23, CAC 40 futures down 0.51% at 6244.04 and the UK 100 futures contract in the U.K. up 0.25% at 7073.70.
In the U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.61% at 32033.29. The S&P 500 down 0.61% at 3807.29 and the Nasdaq 100 down 1.88% at 11191.63, NYSE closes up 0.26% at 14569.89.
TECHNICAL SUMMARY
GBPUSD TECHNICAL ANALYSIS
TRADE SUGGESTION- BUY AT 1.1530, TAKE PROFIT AT 1.1636 AND STOP LOSS AT 1.1478
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October 27, 2022, 05:49:12 AM
FUNDAMENTAL AND TECHNICAL ANALYSIS REPORT – 27 October 2022
DOLLAR SELLS OFF ON SPECULATION OF LESS HAWKISH FED
Asian stock markets rose on Thursday. The Shanghai Composite is down 0.45% at 2,985.91. Overall, the Singapore MSCI is up 0.24% at 270.10. Over in Hong Kong, the Hang Seng Index is up 1.70% at 15,592.00. In Japan, the Nikkei 225 is down 0.36% at 27,340.00, while the Topix index is down 0.65% at 1906.00. South Korea’s Kospi is up 1.73% at 2,288.57. Australia S&P/ASX 200 up 0.50% at 6845.10.
TOP NEWS OF THE DAY:
The U.S. dollar sank more than 1% against a basket of peers on Wednesday as weakening economic data firmed views that the Federal Reserve will slow the pace of its rate-hiking cycle, sending the euro back above parity with the greenback for the first time in a month.
The dollar’s decline came as the benchmark 10-year U.S. Treasury yield continued its descent from last week’s multi-year high of 4.338%, and was last down four basis points at 4.0317%
Market Summary as of 26/10/2022:
European equities Wednesday closing. The DAX futures contract in Germany traded up 1.09% at 13,195.81, CAC 40 futures up 0.41% at 6276.32 and the UK 100 futures contract in the U.K. up 0.61% at 7056.08.
In the U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.01% at 31839.12. The S&P 500 down 0.74% at 3830.59 and the Nasdaq 100 down 2.26% at 11405.90, NYSE closes up 0.63% at 14531.69.
TECHNICAL SUMMARY
GBPUSD TECHNICAL ANALYSIS
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TRADE SUGGESTION- BUY AT 1.1593, TAKE PROFIT AT 1.1647 AND STOP LOSS AT 1.1576
VIEW FULL REPORT VISIT - CAPITALSTREETFX
DOLLAR SELLS OFF ON SPECULATION OF LESS HAWKISH FED
Asian stock markets rose on Thursday. The Shanghai Composite is down 0.45% at 2,985.91. Overall, the Singapore MSCI is up 0.24% at 270.10. Over in Hong Kong, the Hang Seng Index is up 1.70% at 15,592.00. In Japan, the Nikkei 225 is down 0.36% at 27,340.00, while the Topix index is down 0.65% at 1906.00. South Korea’s Kospi is up 1.73% at 2,288.57. Australia S&P/ASX 200 up 0.50% at 6845.10.
TOP NEWS OF THE DAY:
The U.S. dollar sank more than 1% against a basket of peers on Wednesday as weakening economic data firmed views that the Federal Reserve will slow the pace of its rate-hiking cycle, sending the euro back above parity with the greenback for the first time in a month.
The dollar’s decline came as the benchmark 10-year U.S. Treasury yield continued its descent from last week’s multi-year high of 4.338%, and was last down four basis points at 4.0317%
Market Summary as of 26/10/2022:
European equities Wednesday closing. The DAX futures contract in Germany traded up 1.09% at 13,195.81, CAC 40 futures up 0.41% at 6276.32 and the UK 100 futures contract in the U.K. up 0.61% at 7056.08.
In the U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.01% at 31839.12. The S&P 500 down 0.74% at 3830.59 and the Nasdaq 100 down 2.26% at 11405.90, NYSE closes up 0.63% at 14531.69.
TECHNICAL SUMMARY
GBPUSD TECHNICAL ANALYSIS
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TRADE SUGGESTION- BUY AT 1.1593, TAKE PROFIT AT 1.1647 AND STOP LOSS AT 1.1576
VIEW FULL REPORT VISIT - CAPITALSTREETFX
October 25, 2022, 05:54:42 AM
FUNDAMENTAL AND TECHNICAL ANALYSIS REPORT – 25 OCTOBER 2022
OIL GAINS AS U.S. DOLLAR EASES
Asian stock markets recovered from recent losses on Tuesday. The Shanghai Composite is up 0.27% at 2,985.69. Overall, the Singapore MSCI is up 0.91% at 266.95. Over in Hong Kong, the Hang Seng Index is up 0.64% at 15,237.00. In Japan, the Nikkei 225 is up 1.11% at 27,260.00, while the Topix index is up 1.30% at 1908.50. South Korea’s Kospi is down 0.08% at 2,234.33. Australia S&P/ASX 200 up 0.28% at 6798.60.
TOP NEWS OF THE DAY:
Oil prices rose on Tuesday as the U.S. dollar eased against major peers but gains were limited by worries of slowing global fuel demand growth amid bearish economic data from key oil importing economies such as China.
However, signs of uncertain economic activity in the United States and China, the world’s two biggest oil consumers, limited the increase.
Market Summary as per 24/10/2022:
European equities Monday closing. The DAX futures contract in Germany traded up 1.58% at 12,931.45, CAC 40 futures up 1.59% at 6131.37 and the UK 100 futures contract in the U.K. up 0.64% at 7014.00.
In the U.S. on Wall Street, the Dow Jones Industrial Average closed up 1.34% at 31499.63. The S&P 500 up 1.19% at 3797.35 and the Nasdaq 100 up 1.06% at 11430.26, NYSE closes up 0.58% at 14226.10.
TECHNICAL SUMMARY
GBPUSD TECHNICAL ANALYSIS
TRADE SUGGESTION- BUY AT 1.1296, TAKE PROFIT AT 1.1454 AND STOP LOSS AT 1.1215
VIEW FULL REPORT VISIT - CAPITALSTREETFX
OIL GAINS AS U.S. DOLLAR EASES
Asian stock markets recovered from recent losses on Tuesday. The Shanghai Composite is up 0.27% at 2,985.69. Overall, the Singapore MSCI is up 0.91% at 266.95. Over in Hong Kong, the Hang Seng Index is up 0.64% at 15,237.00. In Japan, the Nikkei 225 is up 1.11% at 27,260.00, while the Topix index is up 1.30% at 1908.50. South Korea’s Kospi is down 0.08% at 2,234.33. Australia S&P/ASX 200 up 0.28% at 6798.60.
TOP NEWS OF THE DAY:
Oil prices rose on Tuesday as the U.S. dollar eased against major peers but gains were limited by worries of slowing global fuel demand growth amid bearish economic data from key oil importing economies such as China.
However, signs of uncertain economic activity in the United States and China, the world’s two biggest oil consumers, limited the increase.
Market Summary as per 24/10/2022:
European equities Monday closing. The DAX futures contract in Germany traded up 1.58% at 12,931.45, CAC 40 futures up 1.59% at 6131.37 and the UK 100 futures contract in the U.K. up 0.64% at 7014.00.
In the U.S. on Wall Street, the Dow Jones Industrial Average closed up 1.34% at 31499.63. The S&P 500 up 1.19% at 3797.35 and the Nasdaq 100 up 1.06% at 11430.26, NYSE closes up 0.58% at 14226.10.
TECHNICAL SUMMARY
GBPUSD TECHNICAL ANALYSIS
TRADE SUGGESTION- BUY AT 1.1296, TAKE PROFIT AT 1.1454 AND STOP LOSS AT 1.1215
VIEW FULL REPORT VISIT - CAPITALSTREETFX
October 06, 2022, 06:35:10 AM
FUNDAMENTAL AND TECHNICAL ANALYSIS REPORT – 06 OCTOBER 2022
JAPAN NO PACT WITH LANKA ON DEBT RESTRUCTURING
Asian stock markets extended recent gains on Thursday. The Shanghai Composite is down 0.55% at 3,024.39. Overall, the Singapore MSCI is up 0.47% at 286.40. Over in Hong Kong, the Hang Seng Index is up 0.16% at 18,112.00. In Japan, the Nikkei 225 is up 1.03% at 27,360.00, while the Topix index is up 0.76% at 1925.50. South Korea’s Kospi is up 1.37% at 2,244.73. Australia S&P/ASX 200 up 0.03% at 6817.50.
TOP NEWS OF THE DAY:
Japan has not yet reached an agreement with crisis-hit Sri Lanka to co-chair a summit on negotiations with creditor nations, a government official with direct knowledge of the matter told Reuters, brushing aside a statement from Colombo on Thursday.
Japan is ready to fully support the Indian Ocean Island nation in its credit restructuring, the official said on condition of anonymity, as the issue is a sensitive one.
Market Summary as per 05/10/2022:
European equities Wednesday closing. The DAX futures contract in Germany traded down 1.21% at 12,517.18, CAC 40 futures down 0.90% at 5985.47 and the UK 100 futures contract in the U.K. down 0.48% at 7,052.63.
In the U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.14% at 30273.88. The S&P 500 down 0.20% at 3783.29 and the Nasdaq 100 down 0.08% at 11573.18, NYSE closes down 0.40% at 14262.03.
TECHNICAL SUMMARY
GBPUSD Technical Analysis
TRADE SUGGESTION- BUY AT 1.1321, TAKE PROFIT AT 1.1476 AND STOP LOSS AT 1.1220
VIEW FULL REPORT VISIT - CAPITALSTREETFX
JAPAN NO PACT WITH LANKA ON DEBT RESTRUCTURING
Asian stock markets extended recent gains on Thursday. The Shanghai Composite is down 0.55% at 3,024.39. Overall, the Singapore MSCI is up 0.47% at 286.40. Over in Hong Kong, the Hang Seng Index is up 0.16% at 18,112.00. In Japan, the Nikkei 225 is up 1.03% at 27,360.00, while the Topix index is up 0.76% at 1925.50. South Korea’s Kospi is up 1.37% at 2,244.73. Australia S&P/ASX 200 up 0.03% at 6817.50.
TOP NEWS OF THE DAY:
Japan has not yet reached an agreement with crisis-hit Sri Lanka to co-chair a summit on negotiations with creditor nations, a government official with direct knowledge of the matter told Reuters, brushing aside a statement from Colombo on Thursday.
Japan is ready to fully support the Indian Ocean Island nation in its credit restructuring, the official said on condition of anonymity, as the issue is a sensitive one.
Market Summary as per 05/10/2022:
European equities Wednesday closing. The DAX futures contract in Germany traded down 1.21% at 12,517.18, CAC 40 futures down 0.90% at 5985.47 and the UK 100 futures contract in the U.K. down 0.48% at 7,052.63.
In the U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.14% at 30273.88. The S&P 500 down 0.20% at 3783.29 and the Nasdaq 100 down 0.08% at 11573.18, NYSE closes down 0.40% at 14262.03.
TECHNICAL SUMMARY
GBPUSD Technical Analysis
TRADE SUGGESTION- BUY AT 1.1321, TAKE PROFIT AT 1.1476 AND STOP LOSS AT 1.1220
VIEW FULL REPORT VISIT - CAPITALSTREETFX
October 03, 2022, 05:49:28 AM
FUNDAMENTAL AND TECHNICAL ANALYSIS REPORT – 03 OCTOBER 2022
OPEC+ SUPPLY CUT THIS WEEK
Asian Pacific shares were mixed on Monday. The Shanghai Composite is down 0.55% at 3,024.39. Overall, the Singapore MSCI is down 0.29% at 278.10. Over in Hong Kong, the Hang Seng Index is down 1.52% at 16,948.00. In Japan, the Nikkei 225 is up 0.46% at 26,060.00, while the Topix index is up 0.05% at 1837.00. South Korea’s Kospi is down 0.71% at 2,155.49. Australia S&P/ASX 200 down 0.27% at 6456.90.
TOP NEWS OF THE DAY:
Oil prices rallied in early trade on Monday following multiple reports that the OPEC+ will decide on supply cuts during a meeting this week, as it grapples with weakening prices.
Multiple reports said on Monday that the Organization of Petroleum Exporting Countries and its allies (OPEC+) is considering production cuts of over 1 million barrels a day (bpd) when it meets on Wednesday, in order to support weakening crude prices.
Market Summary as per 30/09/2022:
European equities Friday closing. The DAX futures contract in Germany traded up 1.16% at 12,114.36, CAC 40 futures up 1.51% at 5762.35 and the UK 100 futures contract in the U.K. up 0.18% at 6,893.82.
In the U.S. on Wall Street, the Dow Jones Industrial Average closed down 1.71% at 28725.52. The S&P 500 down 1.51% at 3585.61 and the Nasdaq 100 down 1.73% at 10971.22, NYSE closes down 1.00% at 13472.18.
TECHNICAL SUMMARY
GBPUSD TECHNICAL ANALYSIS
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OPEC+ SUPPLY CUT THIS WEEK
Asian Pacific shares were mixed on Monday. The Shanghai Composite is down 0.55% at 3,024.39. Overall, the Singapore MSCI is down 0.29% at 278.10. Over in Hong Kong, the Hang Seng Index is down 1.52% at 16,948.00. In Japan, the Nikkei 225 is up 0.46% at 26,060.00, while the Topix index is up 0.05% at 1837.00. South Korea’s Kospi is down 0.71% at 2,155.49. Australia S&P/ASX 200 down 0.27% at 6456.90.
TOP NEWS OF THE DAY:
Oil prices rallied in early trade on Monday following multiple reports that the OPEC+ will decide on supply cuts during a meeting this week, as it grapples with weakening prices.
Multiple reports said on Monday that the Organization of Petroleum Exporting Countries and its allies (OPEC+) is considering production cuts of over 1 million barrels a day (bpd) when it meets on Wednesday, in order to support weakening crude prices.
Market Summary as per 30/09/2022:
European equities Friday closing. The DAX futures contract in Germany traded up 1.16% at 12,114.36, CAC 40 futures up 1.51% at 5762.35 and the UK 100 futures contract in the U.K. up 0.18% at 6,893.82.
In the U.S. on Wall Street, the Dow Jones Industrial Average closed down 1.71% at 28725.52. The S&P 500 down 1.51% at 3585.61 and the Nasdaq 100 down 1.73% at 10971.22, NYSE closes down 1.00% at 13472.18.
TECHNICAL SUMMARY
GBPUSD TECHNICAL ANALYSIS
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September 27, 2022, 09:04:36 AM
FUNDAMENTAL AND TECHNICAL ANALYSIS REPORT – 27 SEPTEMBER 2022
BITCOIN BOUNCES ABOVE $20,000
Asian Pacific stock markets down on Tuesday. The Shanghai Composite is up 0.26% at 3,059.21. Overall, the Singapore MSCI is down 0.16% at 280.80. Over in Hong Kong, the Hang Seng Index is down 1.19% at 17,665.00. In Japan, the Nikkei 225 is up 0.50% at 26,330.00, while the Topix index is up 0.54% at 1854.00. South Korea’s Kospi is down 0.60% at 2,207.20. Australia S&P/ASX 200 up 0.25% at 6485.60.
TOP NEWS OF THE DAY:
Bitcoin broke above $20,000 on Tuesday for the first time in about a week, as cryptocurrencies bounced, along with other risk-sensitive assets, in Asian trade.
The biggest cryptocurrency by market value, bitcoin, was up over 5% at $20,286. The second-biggest, ether, rose 4% to a one-week high of $1,389.
Market Summary as per 26/09/2022:
European equities Monday closing. The DAX futures contract in Germany traded down 0.46% at 12,227.92, CAC 40 futures down 0.24% at 5769.38 and the UK 100 futures contract in the U.K. up 0.03% at 7,020.96.
In the U.S. on Wall Street, the Dow Jones Industrial Average closed down 1.11% at 29260.82. The S&P 500 down 1.03% at 3655.05 and the Nasdaq 100 down 0.51% at 11254.11, NYSE closes down 1.57% at 13580.38.
TECHNICAL SUMMARY
GBPUSD TECHNICAL ANALYSIS
TRADE SUGGESTION- SELL AT 1.0778, TAKE PROFIT AT 1.0762 AND STOP LOSS AT 1.0790
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BITCOIN BOUNCES ABOVE $20,000
Asian Pacific stock markets down on Tuesday. The Shanghai Composite is up 0.26% at 3,059.21. Overall, the Singapore MSCI is down 0.16% at 280.80. Over in Hong Kong, the Hang Seng Index is down 1.19% at 17,665.00. In Japan, the Nikkei 225 is up 0.50% at 26,330.00, while the Topix index is up 0.54% at 1854.00. South Korea’s Kospi is down 0.60% at 2,207.20. Australia S&P/ASX 200 up 0.25% at 6485.60.
TOP NEWS OF THE DAY:
Bitcoin broke above $20,000 on Tuesday for the first time in about a week, as cryptocurrencies bounced, along with other risk-sensitive assets, in Asian trade.
The biggest cryptocurrency by market value, bitcoin, was up over 5% at $20,286. The second-biggest, ether, rose 4% to a one-week high of $1,389.
Market Summary as per 26/09/2022:
European equities Monday closing. The DAX futures contract in Germany traded down 0.46% at 12,227.92, CAC 40 futures down 0.24% at 5769.38 and the UK 100 futures contract in the U.K. up 0.03% at 7,020.96.
In the U.S. on Wall Street, the Dow Jones Industrial Average closed down 1.11% at 29260.82. The S&P 500 down 1.03% at 3655.05 and the Nasdaq 100 down 0.51% at 11254.11, NYSE closes down 1.57% at 13580.38.
TECHNICAL SUMMARY
GBPUSD TECHNICAL ANALYSIS
TRADE SUGGESTION- SELL AT 1.0778, TAKE PROFIT AT 1.0762 AND STOP LOSS AT 1.0790
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September 23, 2022, 08:24:46 AM
DOW JONES TECHNICAL ANALYSIS & NEWS – 22 SEPTEMBER 2022
DOW JONES TUMBLED WILD TODAY AFTER THE FED RISING INTEREST RATES
The Dow Jones Industrial Average fell by 1.71% to 30183.08 on Thursday 22 September
U.S. stock futures were trading lower during Sunday’s evening deals, after major benchmark indices retreated on Friday following Fed Chair Powell’s comments at the Jackson Hole, signaling a willingness to hike interest rates even if it causes economic pain.
By 19:00 ET (23:00 GMT) DOW JONES FUTURES were down by 1.7%, S&P 500 Futures tumbled 0.2% and Nasdaq 100 Futures fell 0.2%.
Ahead of the week, market participants will be monitoring more speeches from Federal Reserve officials, as well as ADP Employment Change, JOLT job opening, and ISM Manufacturing PMI data. Key NON-farm payrolls data will also be closely watched, with the economy expected to add 285k positions and unemployment to hold at 3.5%.
During Thursday’s regular trade, the DOWN JONES INDUSTRIAL Average fell 500 points or 1.7% to 32,283.4, the S&P 500 shed 141.5 points or 1.7% to 3,789, and the NASDAQ Composite down by 1.8% in a day.
OPEC+ is a group between the Organization of the Petroleum Exporting Countries and its Allies. meets later Monday for the tight supplies of oil.
Today’s weakness in the European market occurs because the people’s bank of China cut the repo rate and increased cash injections into the economy, a major driver of economic growth which has been hit hard by Covid-19 lockdowns
LONG-TERM TECHNICAL ANALYSIS
dow-1024x494.jpg
This daily chart indicates that Dow jones was trading in a down channel. Currently, it is trading below all SMA. RSI is in the selling zone, which indicates bearishness, and MACD is below zero, which indicates bearishness.
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DOW JONES TUMBLED WILD TODAY AFTER THE FED RISING INTEREST RATES
The Dow Jones Industrial Average fell by 1.71% to 30183.08 on Thursday 22 September
U.S. stock futures were trading lower during Sunday’s evening deals, after major benchmark indices retreated on Friday following Fed Chair Powell’s comments at the Jackson Hole, signaling a willingness to hike interest rates even if it causes economic pain.
By 19:00 ET (23:00 GMT) DOW JONES FUTURES were down by 1.7%, S&P 500 Futures tumbled 0.2% and Nasdaq 100 Futures fell 0.2%.
Ahead of the week, market participants will be monitoring more speeches from Federal Reserve officials, as well as ADP Employment Change, JOLT job opening, and ISM Manufacturing PMI data. Key NON-farm payrolls data will also be closely watched, with the economy expected to add 285k positions and unemployment to hold at 3.5%.
During Thursday’s regular trade, the DOWN JONES INDUSTRIAL Average fell 500 points or 1.7% to 32,283.4, the S&P 500 shed 141.5 points or 1.7% to 3,789, and the NASDAQ Composite down by 1.8% in a day.
OPEC+ is a group between the Organization of the Petroleum Exporting Countries and its Allies. meets later Monday for the tight supplies of oil.
Today’s weakness in the European market occurs because the people’s bank of China cut the repo rate and increased cash injections into the economy, a major driver of economic growth which has been hit hard by Covid-19 lockdowns
LONG-TERM TECHNICAL ANALYSIS
dow-1024x494.jpg
This daily chart indicates that Dow jones was trading in a down channel. Currently, it is trading below all SMA. RSI is in the selling zone, which indicates bearishness, and MACD is below zero, which indicates bearishness.
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September 22, 2022, 06:49:51 AM
FUNDAMENTAL AND TECHNICAL ANALYSIS REPORT – 22 SEPTEMBER 2022
DOLLAR AT 20-YRS HIGH ON HAWKISH FED
Asian Pacific stock stocks hits a two-year low on Thursday. The Shanghai Composite is down 0.13% at 3,113.81. Overall, the Singapore MSCI is down 0.53% at 288.50. Over in Hong Kong, the Hang Seng Index is down 1.85% at 18,106.00. In Japan, the Nikkei 225 is down 0.66% at 26,940.00, while the Topix index is down 0.34% at 1895.50. South Korea’s Kospi is down 0.67% at 2,331.51. Australia S&P/ASX 200 down 1.56% at 6700.20.
TOP NEWS OF THE DAY:
The U.S. dollar jumped to a new 20-year high against a basket of currencies on Thursday, extending gains after the Federal Reserve raised interest rates and struck a more hawkish than the expected tone in its latest meeting.
The dollar index rose as much as 1% to 111.47, its highest level since June 2002, while dollar index futures rose 0.3% to 111.427. Both indicators rallied on Wednesday after the Fed. 10-year U.S. Treasury yields surged to an 11-year high.
Market Summary as per 21/09/2022:
European equities Wednesday closing. The DAX futures contract in Germany traded up 0.76% at 12,767.15, CAC 40 futures up 0.87% at 6031.34 and the UK 100 futures contract in the U.K. up 0.63% at 7,237.63.
In the U.S. on Wall Street, the Dow Jones Industrial Average closed down 1.70% at 30183.79. The S&P 500 down 1.71% at 3789.94 and the Nasdaq 100 down 1.80% at 11637.79, NYSE closes down 1.65% at 14236.60.
TECHNICAL ANALYSIS
GBPUSD TECHNICAL ANALYSIS
TRADE SUGGESTION- SELL AT 1.1224, TAKE PROFIT AT 1.1200 AND STOP LOSS AT 1.1243
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DOLLAR AT 20-YRS HIGH ON HAWKISH FED
Asian Pacific stock stocks hits a two-year low on Thursday. The Shanghai Composite is down 0.13% at 3,113.81. Overall, the Singapore MSCI is down 0.53% at 288.50. Over in Hong Kong, the Hang Seng Index is down 1.85% at 18,106.00. In Japan, the Nikkei 225 is down 0.66% at 26,940.00, while the Topix index is down 0.34% at 1895.50. South Korea’s Kospi is down 0.67% at 2,331.51. Australia S&P/ASX 200 down 1.56% at 6700.20.
TOP NEWS OF THE DAY:
The U.S. dollar jumped to a new 20-year high against a basket of currencies on Thursday, extending gains after the Federal Reserve raised interest rates and struck a more hawkish than the expected tone in its latest meeting.
The dollar index rose as much as 1% to 111.47, its highest level since June 2002, while dollar index futures rose 0.3% to 111.427. Both indicators rallied on Wednesday after the Fed. 10-year U.S. Treasury yields surged to an 11-year high.
Market Summary as per 21/09/2022:
European equities Wednesday closing. The DAX futures contract in Germany traded up 0.76% at 12,767.15, CAC 40 futures up 0.87% at 6031.34 and the UK 100 futures contract in the U.K. up 0.63% at 7,237.63.
In the U.S. on Wall Street, the Dow Jones Industrial Average closed down 1.70% at 30183.79. The S&P 500 down 1.71% at 3789.94 and the Nasdaq 100 down 1.80% at 11637.79, NYSE closes down 1.65% at 14236.60.
TECHNICAL ANALYSIS
GBPUSD TECHNICAL ANALYSIS
TRADE SUGGESTION- SELL AT 1.1224, TAKE PROFIT AT 1.1200 AND STOP LOSS AT 1.1243
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September 21, 2022, 06:26:03 AM
FUNDAMENTAL AND TECHNICAL ANALYSIS REPORT – 21 SEPTEMBER 2022
Fed Set For Big Rate Hike
Asian Pacific stock markets sank on Wednesday. The Shanghai Composite is down 0.36% at 3,111.18. Overall, the Singapore MSCI is down 0.50% at 290.75. Over in Hong Kong, the Hang Seng Index is down 1.35% at 18,501.00. In Japan, the Nikkei 225 is down 1.20% at 27,120.00, while the Topix index is down 1.17% at 1903.50. South Korea’s Kospi is down 0.77% at 2,349.60. Australia S&P/ASX 200 down 1.60% at 6697.80.
TOP NEWS OF THE DAY:
The Federal Reserve is expected on Wednesday to lift interest rates by three-quarters of a percentage point for a third straight time and signal how much further and how fast borrowing costs may need to rise to tame a potentially corrosive outbreak of inflation.
Market Summary as per 20/09/2022:
European equities Tuesday closing. The DAX futures contract in Germany traded down 1.03% at 12,670.83, CAC 40 futures down 1.35% at 5979.48 and the UK 100 futures contract in the U.K. down 0.61% at 7,192.67.
In the U.S. on Wall Street, the Dow Jones Industrial Average closed up 1.01% at 30706.24. The S&P 500 down 1.13% at 3855.94 and the Nasdaq 100 down 0.85% at 11851.54, NYSE closes down 1.36% at 14474.72.
TECHNICAL ANALYSIS
GBPUSD Technical Analysis
Technical Analysis
Technical Analysis
TRADE SUGGESTION- SELL AT 1.1334, TAKE PROFIT AT 1.1300 AND STOP LOSS AT 1.1356
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Fed Set For Big Rate Hike
Asian Pacific stock markets sank on Wednesday. The Shanghai Composite is down 0.36% at 3,111.18. Overall, the Singapore MSCI is down 0.50% at 290.75. Over in Hong Kong, the Hang Seng Index is down 1.35% at 18,501.00. In Japan, the Nikkei 225 is down 1.20% at 27,120.00, while the Topix index is down 1.17% at 1903.50. South Korea’s Kospi is down 0.77% at 2,349.60. Australia S&P/ASX 200 down 1.60% at 6697.80.
TOP NEWS OF THE DAY:
The Federal Reserve is expected on Wednesday to lift interest rates by three-quarters of a percentage point for a third straight time and signal how much further and how fast borrowing costs may need to rise to tame a potentially corrosive outbreak of inflation.
Market Summary as per 20/09/2022:
European equities Tuesday closing. The DAX futures contract in Germany traded down 1.03% at 12,670.83, CAC 40 futures down 1.35% at 5979.48 and the UK 100 futures contract in the U.K. down 0.61% at 7,192.67.
In the U.S. on Wall Street, the Dow Jones Industrial Average closed up 1.01% at 30706.24. The S&P 500 down 1.13% at 3855.94 and the Nasdaq 100 down 0.85% at 11851.54, NYSE closes down 1.36% at 14474.72.
TECHNICAL ANALYSIS
GBPUSD Technical Analysis
Technical Analysis
Technical Analysis
TRADE SUGGESTION- SELL AT 1.1334, TAKE PROFIT AT 1.1300 AND STOP LOSS AT 1.1356
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