TECHNICAL ANALYSIS REPORT ON FOREX, STOCKS, CRYPTO AND GOLD – 13 JUNEDOW FUTURES EXTEND LOSSES AFTER WORST WEEK SINCE JANUARY
Asia Pacific stocks were down on Monday morning. The Shanghai Composite is down 1.00% at 3,251.82. Overall, the Singapore MSCI is down 1.82% at 288.35. Over in Hong Kong, the Hang Seng Index is down 3.22% at 20,997. In Japan, the Nikkei 225 is down 3.27% at 26,950.00, while the Topix index is down 2.29% at 1897.50. South Korea’s Kospi is down 3.19% at 2513.03. Australia S&P/ASX 200 down 1.25% at 6932.00.
Top News of the Day:
U.S. stock futures were trading lower during Sunday’s evening deals, after major benchmark indices declined on Friday to post their biggest weekly declines in 5 months as a hotter-than-expected inflation print rattled risk sentiment.
Ahead in the week, market participants will be closely monitoring fresh retail sales data as well as the U.S. Federal Reserve interest rate decision, with policymakers expected to announce at least a half-point rate hike in an effort to stave off surging inflation pressures.
Market Summary as per 10/06/2022:
European equities Friday closing. The DAX futures contract in Germany traded down 3.08% at 13,761.83, CAC 40 futures down 2.69% at 6187.24 and the UK 100 futures contract in the U.K. down 2.12% at 7,317.53.
In the U.S. on Wall Street, the Dow Jones Industrial Average closed down 2.73% at 31392.80. The S&P 500 down 2.91% at 3900.85 and the Nasdaq 100 down 3.56% at 11832.81, NYSE closes down 2.43% at 15096.68.
Top Market News Today:
In the Forex market, GBPUSD down 0.15% at 1.2296. The USDJPY up 0.39% at 134.906. The USDCHF up 0.15% at 0.9888. EURUSD down 0.23% at 1.0493, EUR/GBP up 0.03% at 0.8534. The USD/CNY up 0.40% at 6.7348 at the time of writing.
In the Commodity market U.S. Gold futures down 0.30% at $1,865.41. Elsewhere, Silver futures down 0.73% at $21.710 per ounce, Platinum down 1.44% at $958.50 per ounce, and Palladium down 1.29% at $1909.50.
Crude Oil down on Monday; Brent crude oil down 1.37% at $120.17 per barrel while U.S. West Texas Intermediate (CLc1) down 1.39% at $116.45.
In the Cryptocurrency Markets, Bitcoin at 25700.00 down 11.13%, Ethereum down 5.99% at 1347.09, Litecoin at 45.04 down 6.44%, at the time of writing.
TECHNICAL SUMMARY
GBPUSD
TRADE SUGGESTION- SELL AT 1.2288, TAKE PROFIT AT 1.2258 AND STOP LOSS AT 1.2328
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