Daily Forex Discussion And Technical analysis

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TECHNICAL ANALYSIS REPORT BY OUR EXPERT – 07 SEPTEMBER 2022​

 

 

ASIAN MARKETS SANK AFTER WEAK CHINESE TRADE DATA​

 

Asian Pacific stock markets sank on Wednesday. The Shanghai Composite is down 0.01% at 3,242.96. Overall, the Singapore MSCI is down 1.07% at 285.30. Over in Hong Kong, the Hang Seng Index is down 1.56% at 18,839.00. In Japan, the Nikkei 225 is down 0.87% at 27,360.00, while the Topix index is down 0.65% at 1912.00. South Korea’s Kospi is down 1.55% at 2,372.62. Australia S&P/ASX 200 down 1.51% at 6723.10.

Top News of the Day:

 

Most Asian stock markets sank on Wednesday amid growing fears of more monetary policy tightening by the Fed, while weaker-than-expected Chinese trade data also weighed on sentiment.

 

Tech-heavy Taiwan and Hong Kong stocks were the worst performers in the region, losing 1.6% and 1.8%, respectively, amid jitters over rising U.S. interest rates.

 

Market Summary as per 06/09/2022:

 

European equities Tuesday closing. The DAX futures contract in Germany traded up 0.87% at 12,871.44, CAC 40 futures up 0.19% at 6104.62 and the UK 100 futures contract in the U.K. up 0.18% at 7,300.45.

 

In the U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.55% at 31145.31. The S&P 500 down 0.41% at 3908.20 and the Nasdaq 100 down 0.72% at 12011.31, NYSE closes down 0.39% at 14631.51.

 

TECHNICAL SUMMARY

 

GBPUSD Technical Analysis

 

TRADE SUGGESTION- SELL AT 1.1474, TAKE PROFIT AT 1.1448 AND STOP LOSS AT 1.1497

 

 

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TECHNICAL ANALYSIS REPORT BY OUR EXPERT – 08 SEPTEMBER 2022​

 

FED ANTICIPATES “WEAK” GROWTH AS CONSUMER PRICES RISE​

 

Asian Pacific made broad gains on Thursday. The Shanghai Composite is down 0.15% at 3,241.41. Overall, the Singapore MSCI is up 0.94% at 288.90. Over in Hong Kong, the Hang Seng Index is down 0.32% at 18,940.00. In Japan, the Nikkei 225 is up 1.97% at 28,000.00, while the Topix index is up 0.78% at 1933.00. South Korea’s Kospi is up 0.35% at 2,384.77. Australia S&P/ASX 200 up 1.58% at 6835.80.

Top News of the Day:

 

The outlook for future economic growth remains “generally weak” at a time when rising food and rent prices have forced consumers to switch spending to essentials, according to the Federal Reserve’s Beige Book released Wednesday.

 

While there have been signs of a “moderation” in the pace of inflation, price levels remained “highly elevated,” according to the report.

 

Market Summary as per 07/09/2022:

 

European equities Wednesday closing. The DAX futures contract in Germany traded up 0.35% at 12,915.97, CAC 40 futures up 0.02% at 6105.93 and the UK 100 futures contract in the U.K. down 0.86% at 7,237.84.

 

In the U.S. on Wall Street, the Dow Jones Industrial Average closed up 1.40% at 31581.29. The S&P 500 up 1.83% at 3979.88 and the Nasdaq 100 up 2.07% at 12259.39, NYSE closes up 1.46% at 14844.56.

 

TECHNICAL SUMMARY

 

GBPUSD Technical Analysis

 

TRADE SUGGESTION- SELL AT 1.1516, TAKE PROFIT AT 1.1495 AND STOP LOSS AT 1.1546

 

 

 

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TECHNICAL ANALYSIS REPORT BY OUR EXPERT – 09 SEPTEMBER 2022​

 

ECB KEY RATE HIKE BY 75 BASIS POINT​

 

Asian Pacific stock markets rose on Friday. The Shanghai Composite is up 0.79% at 3,261.08. Overall, the Singapore MSCI is up 1.07% at 291.80. Over in Hong Kong, the Hang Seng Index is up 2.62% at 19,342.00. In Japan, the Nikkei 225 is down 0.11% at 28,000.00, while the Topix index is up 0.49% at 1946.00. South Korea’s Kospi is up 0.33% at 2,384.28. Australia S&P/ASX 200 up 0.66% at 6894.20.

Top News of the Day:

 

The European Central Bank raised its three official interest rates by 75 basis points each, its biggest ever single move in interest rates, and warned of more hikes to come, as it struggles to bring record high inflation back under control.

 

The Frankfurt-based central bank raised its key deposit rate, which provides the effective floor for money-market rates, to 0.75%, while the refinancing rate rose to 1.25% and the overnight lending rate to 1.50%.

 

Market Summary as per 08/09/2022:

 

European equities Thursday closing. The DAX futures contract in Germany traded down 0.09% at 12,904.32, CAC 40 futures up 0.33% at 6125.91 and the UK 100 futures contract in the U.K. up 0.33% at 7,262.05.

 

In the U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.61% at 31774.53. The S&P 500 up 0.66% at 4006.19 and the Nasdaq 100 up 0.50% at 12321.19, NYSE closes up 0.79% at 14961.76.

 

TECHNICAL SUMMARY​

 

GBPUSD TECHNICAL ANALYSIS​

 

 

TRADE SUGGESTION- SELL AT 1.1614, TAKE PROFIT AT 1.1493 AND STOP LOSS AT 1.1685

 

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TECHNICAL ANALYSIS REPORT BY OUR EXPERT – 12 SEPTEMBER 2022​

 

U.S. FUTURES RISE FOLLOWING SUCCESSFUL WEEK​

 

Asian Pacific stock markets rose on Monday. The Shanghai Composite is up 0.82% at 3,262.05. Overall, the Singapore MSCI is up 1.01% at 295.95. Over in Hong Kong, the Hang Seng Index is down 0.51% at 19,264.00. In Japan, the Nikkei 225 is up 1.00% at 28,280.00, while the Topix index is up 0.62% at 1959.50. South Korea’s Kospi is up 0.33% at 2,384.28. Australia S&P/ASX 200 up 1.02% at 6964.60.

Top News of the Day:

 

U.S. stock futures were trading higher during Sunday’s evening deals, after major benchmark averages snapped three consecutive weeks of decline while market participants look ahead to key inflation data set to be released later in the week.

 

Ahead in the week, investors will be closely monitoring August’s consumer price index print, with annual inflation expected to slow to 8.1% from 8.5%, while monthly inflation may fall by 0.1% to the first decline since May 2020.

 

Market Summary as per 09/09/2022:

 

European equities Friday closing. The DAX futures contract in Germany traded up 1.43% at 13,088.21, CAC 40 futures up 1.41% at 6212.34 and the UK 100 futures contract in the U.K. up 1.23% at 7,351.08.

 

In the U.S. on Wall Street, the Dow Jones Industrial Average closed up 1.19% at 32151.72. The S&P 500 up 1.53% at 4067.35 and the Nasdaq 100 up 2.17% at 12588.29, NYSE closes up 1.53% at 15190.78.

 

 

GBPUSD TECHNICAL ANALYSIS

 

TRADE SUGGESTION- BUY AT 1.1642, TAKE PROFIT AT 1.1696 AND STOP LOSS AT 1.1607

 

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TECHNICAL ANALYSIS REPORT BY OUR EXPERT – 13 SEPTEMBER 2022​

 

OIL SLIPS DUE TO LOW DEMAND FEAR​

Asian Pacific stock markets rose slightly on Tuesday. The Shanghai Composite is up 0.07% at 3,264.33. Overall, the Singapore MSCI is up 0.99% at 299.45. Over in Hong Kong, the Hang Seng Index is up 0.40% at 19,438.00. In Japan, the Nikkei 225 is up 0.50% at 28,400.00, while the Topix index is up 0.43% at 1966.00. South Korea’s Kospi is up 2.87% at 2,452.69. Australia S&P/ASX 200 up 0.71% at 7013.70.

Top News of the Day:

 

Oil prices fell in choppy trade on Tuesday as traders feared more headwinds to demand from COVID lockdowns in China, with a focus now turning to the OPEC’s monthly outlook report due later in the day.

 

A series of COVID lockdowns in China, the world’s largest crude importer, has spurred a severe decline in oil imports to the country this year, threatening to turn Chinese oil demand negative.

 

Market Summary as per 12/09/2022:

 

European equities Monday closing. The DAX futures contract in Germany traded up 2.40% at 13,402.27, CAC 40 futures up 1.95% at 6333.60 and the UK 100 futures contract in the U.K. up 1.66% at 7,473.04.

 

In the U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.71% at 32381.35. The S&P 500 up 1.06% at 4110.42 and the Nasdaq 100 up 1.20% at 12739.72, NYSE closes up 1.06% at 15352.18.

 

 

TECHNICAL SUMMARY​

 

GBPUSD TECHNICAL ANALYSIS​

 

TRADE SUGGESTION- BUY AT 1.1705, TAKE PROFIT AT 1.1757 AND STOP LOSS AT 1.1644

 

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FUNDAMENTAL AND TECHNICAL ANALYSIS REPORT – 14 SEPTEMBER 2022​

 

BOJ PREPARING FOR INTERVENTION IN FX RATES

 

Asia Pacific stock markets logged sharp losses on Wednesday. The Shanghai Composite is down 1.08% at 3,228.63. Overall, the Singapore MSCI is down 1.94% at 293.45. Over in Hong Kong, the Hang Seng Index is down 2.46% at 18,842.00. In Japan, the Nikkei 225 is down 2.71% at 27,630.00, while the Topix index is down 1.79% at 1951.07. South Korea’s Kospi is down 1.60% at 2,410.42. Australia S&P/ASX 200 down 2.41% at 6841.40.

 

Top News of the Day:

 

The Bank of Japan has conducted a rate check-in in apparent preparation for currency intervention, the Nikkei newspaper reported on Wednesday, as policymakers stepped up warnings about sharp falls in the yen.

 

The yen rose slightly from a near 24-year low against the dollar after the report, which cited unidentified sources, and was trading around 143.89 at 0520 GMT.

 

Market Summary as per 13/09/2022:

 

European equities Tuesday closing. The DAX futures contract in Germany traded down 1.59% at 13,188.95, CAC 40 futures down 1.39% at 6245.69 and the UK 100 futures contract in the U.K. down 1.17% at 7,385.86.

 

In the U.S. on Wall Street, the Dow Jones Industrial Average closed down 3.94% at 31104.98. The S&P 500 down 4.32% at 3932.68 and the Nasdaq 100 down 5.54% at 12033.62, NYSE closes down 3.46% at 14820.79.

 

TECHNICAL ANALYSIS​

 

GBPUSD TECHNICAL ANALYSIS​

 

TRADE SUGGESTION- SELL AT 1.1482, TAKE PROFIT AT 1.1457 AND STOP LOSS AT 1.1521

 

 

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FUNDAMENTAL AND TECHNICAL ANALYSIS REPORT – 15 SEPTEMBER 2022​

 

 

European Stock Futures Slip Lower Due To Fragile Sentiment

 

Asian Pacific steadied from recent losses on Thursday. The Shanghai Composite is down 1.36% at 3,193.46. Overall, the Singapore MSCI is up 0.05% at 293.40. Over in Hong Kong, the Hang Seng Index is up 0.36% at 18,875.00. In Japan, the Nikkei 225 is up 0.11% at 27,680.00, while the Topix index is up 0.29% at 1933.00. South Korea’s Kospi is down 0.40% at 2,401.83. Australia S&P/ASX 200 up 0.21% at 6842.90.

 

Top News of the Day:

 

European stock markets are expected to open largely marginally lower Thursday, stabilizing after losses earlier in the week, but sentiment remains fragile as investors fret about the impact of tightening monetary policy as economic growth slows.

European stocks will receive the benefit of modest gains on Wall Street late Wednesday and in Asia overnight, but a meaningful near-term recovery is unlikely.

 

Market Summary as per 14/09/2022:

 

European equities Wednesday closing. The DAX futures contract in Germany traded down 1.22% at 13,028.00, CAC 40 futures down 0.37% at 6222.42 and the UK 100 futures contract in the U.K. down 1.47% at 7,277.31.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.10% at 31135.10. The S&P 500 up 0.34% at 3946.02 and the Nasdaq 100 up 0.84% at 12134.40, NYSE closes up 0.15% at 14843.21.

 

TECHNICAL ANALYSIS​

 

GBPUSD TECHNICAL ANALYSIS​

 

TRADE SUGGESTION- SELL AT 1.1523, TAKE PROFIT AT 1.1478 AND STOP LOSS AT 1.1547

 

 

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FUNDAMENTAL AND TECHNICAL ANALYSIS REPORT – 16 SEPTEMBER 2022​

 

 

Street Falls Down Amid Fed Fears And Economic Rumblings​

 

Asian Pacific markets tumbled on Friday. The Shanghai Composite is down 1.45% at 3,153.54. Overall, the Singapore MSCI is down 0.68% at 291.10. Over in Hong Kong, the Hang Seng Index is down 0.25% at 18,817.00. In Japan, the Nikkei 225 is down 1.16% at 27,360.00, while the Topix index is down 0.72% at 1919.00. South Korea’s Kospi is down 1.01% at 2,377.04. Australia S&P/ASX 200 down 1.36% at 6749.50.

 

Top News of the Day:

 

Wall Street ended sharply lower on Thursday, extending its losses in late afternoon trading as a raft of economic data failed to alter the expected course of aggressive tightening by the Federal Reserve amid growing warnings of global recession.

 

Market Summary as per 15/09/2022:

 

European equities Thursday closing. The DAX futures contract in Germany traded down 0.55% at 12,956.66, CAC 40 futures down 1.04% at 6157.85 and the UK 100 futures contract in the U.K. up 0.07% at 7,282.08.

 

In the U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.56% at 30961.83. The S&P 500 down 1.13% at 3901.34 and the Nasdaq 100 down 1.71% at 11927.49, NYSE closes down 0.82% at 14722.02.

 

 

TECHNICAL ANALYSIS​

 

GBPUSD TECHNICAL ANALYSIS​

 

 

TRADE SUGGESTION- SELL AT 1.1419, TAKE PROFIT AT 1.1412 AND STOP LOSS AT 1.1424

 

 

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GERMAN BUND FUT. PRICE TECHNICAL ANALYSIS – 16 SEPTEMBER 2022​

 

 

GERMAN BUND FUT. Price Technical Analysis: Weekly Chart

 

In the weekly charts, GERMAN BUND FUT. is trading in down channel. GERMAN BUND FUT. is currently trading below all SMA.

 

RSI is in the selling zone which indicates bearishness.

 

MACD is currently below zero which indicates bearishness.Its immediate support is 140.65 & the resistance level is at 146.63.

 

GERMAN BUND FUT. will trade in down channel until there is trend reversal.

 

GERMAN BUND FUT. Price Technical Analysis: Daily Chart​

 

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FUNDAMENTAL AND TECHNICAL ANALYSIS REPORT – 19 SEPTEMBER 2022​

 

 

DOLLAR AT 20-YEAR PEAK ON MONDAY​

 

Asian Pacific stock markets fell on Monday. The Shanghai Composite is down 0.68% at 3,105.20. Overall, the Singapore MSCI is down 0.27% at 290.25. Over in Hong Kong, the Hang Seng Index is down 1.06% at 18,519.00. In Japan, the Nikkei 225 is flat at 27,350.00, while the Topix index is down 0.18% at 1914.50. South Korea’s Kospi is down 1.19% at 2,354.39. Australia S&P/ASX 200 down 0.07% at 6734.60.

 

Top News of the Day:

 

The dollar lingered near a two-decade top on major peers on Monday, ahead of a week loaded with market holidays and central bank decisions from Washington to London and Tokyo.

 

Investors have scrambled to price in higher U.S. interest rates and a stronger dollar, as U.S. consumer price rises have proved stubbornly persistent.

 

Market Summary as per 16/09/2022:

 

European equities Friday closing. The DAX futures contract in Germany traded down 1.66% at 12,741.26, CAC 40 futures down 1.31% at 6077.29 and the UK 100 futures contract in the U.K. down 0.62% at 7,236.69.

 

In the U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.45% at 30822.43. The S&P 500 down 0.72% at 3873.32 and the Nasdaq 100 down 0.55% at 11861.38, NYSE closes down 1.01% at 14573.91.

 

 

TECHNICAL ANALYSIS​

 

GBPUSD Technical Analysis​

 

 

TRADE SUGGESTION- SELL AT 1.1388, TAKE PROFIT AT 1.1374 AND STOP LOSS AT 1.1397

 

 

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FUNDAMENTAL AND TECHNICAL ANALYSIS REPORT – 20 SEPTEMBER 2022​

 

RUSSIA SURGING OIL EXPORT TO CHINA​

 

Asian Pacific recovered from recent losses on Tuesday. The Shanghai Composite is up 0.46% at 3,129.86. Overall, the Singapore MSCI is up 1.28% at 292.90. Over in Hong Kong, the Hang Seng Index is up 1.33% at 18,821.00. In Japan, the Nikkei 225 is up 0.37% at 27,450.00, while the Topix index is up 0.50% at 1927.50. South Korea’s Kospi is up 0.64% at 2,370.62. Australia S&P/ASX 200 up 1.27% at 6805.00.

 

Top News of the Day:

 

China’s crude oil imports from Russia in August surged 28% from a year earlier, data showed on Tuesday, but it handed back its top supplier ranking to Saudi Arabia for the first time in four months.

 

Imports of Russian oil, including supplies pumped via the East Siberia Pacific Ocean pipeline and seaborne shipments from Russia’s European and Far Eastern ports, totalled 8.342 million tonnes, data from the Chinese General Administration of Customs showed.

 

Market Summary as per 19/09/2022:

 

European equities Monday closing. The DAX futures contract in Germany traded up 0.49% at 12,803.24, CAC 40 futures down 0.26% at 6061.60 and the UK 100 futures contract in the U.K. down 0.62% at 7,236.69.

 

In the U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.64% at 31019.69. The S&P 500 up 0.69% at 3899.88 and the Nasdaq 100 up 0.77% at 11953.27, NYSE closes up 0.69% at 14674.45.

 

TECHNICAL ANALYSIS

 

GBPUSD TECHNICAL ANALYSIS

 

TRADE SUGGESTION- SELL AT 1.1431, TAKE PROFIT AT 1.1349 AND STOP LOSS AT 1.1479

 

 

TRADE SUGGESTION- SELL AT 1.1431, TAKE PROFIT AT 1.1349 AND STOP LOSS AT 1.1479

 

 

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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​

 

 

 

TRADE SUGGESTION- SELL AT 1.1334, TAKE PROFIT AT 1.1300 AND STOP LOSS AT 1.1356

 

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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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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​

 

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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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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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

 

 

 

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

 

 

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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

 

 

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FUNDAMENTAL AND TECHNICAL ANALYSIS REPORT – 14 OCTOBER 2022​

 

STOCKS MAY BE LESS BULLISH AFTER FUNDAMENTAL UNCHANGED​

 

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

 

TOP NEWS OF THE DAY:​

 

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

 

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

 

Market Summary as per 13/10/2022:

 

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

 

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

 

TECHNICAL SUMMARY​

 

GBPUSD TECHNICAL ANALYSIS

 

 

 

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

 

 

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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

 

 

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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

 

 

 

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

 

 

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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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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

 

 

 

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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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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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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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