capitalstreetFX

TECHNICAL ANALYSIS REPORT ON FOREX, STOCKS, CRYPTO, AND S&P 500 – 16 JUNE S&P 500 Snap a Five-Session Losing Skid Asia-Pacific stocks were up on Thursday morning. The Shanghai Composite is down 0.32% at 3,294.93. Overall, the Singapore MSCI is up 1.01% at 286.10. Over in Hong Kong, the Hang Seng Index is down 1.35% at 20,923. In Japan, the Nikkei 225 is up 0.57% at 26,430.00, while the Topix index is up 0.62% at 1863.50. South Korea’s Kospi is up 0.16% at 2451.41. Australia S&P/ASX 200 down 0.15% at 6591.10. Top News of the Day: The S&P 500 rallied on Wednesday to snap a five-session losing skid after a policy announcement by the Federal Reserve that raised interest rates to market expectations as the central bank seeks to fight rising inflation without sparking a recession. The Federal Reserve raised its target interest rate by three-quarters of a percentage point, its biggest rate hike since 1994, and projected a slowing economy and rising unemployment in the months to come. Market Summary as per 15/06/2022: European equities Wednesday closing. The DAX futures contract in Germany traded up 1.36% at 13,485.29, CAC 40 futures up 1.35% at 6030.14 and the UK 100 futures contract in the U.K. up 1.20% at 7,273.42. In the U.S. on Wall Street, the Dow Jones Industrial Average closed up 1.00% at 30668.54. The S&P 500 up 1.46% at 3790.00 and the Nasdaq 100 up 2.49% at 11593.77, NYSE closes up 1.04% at 14595.22. TECHNICAL SUMMARY GBPUSD TRADE SUGGESTION- SELL AT 1.2070, TAKE PROFIT AT 1.2038 AND STOP-LOSS AT 1.2120