TECHNICAL ANALYSIS REPORT, ECONOMIC NEWS & PRICE CHART – 05 MAY 2022
AFTER THE FED’S INTEREST RATE RISE, WALL STREET CLOSED WITH STRONG GAINS
Asia Pacific stocks were mostly up on Thursday morning. The Shanghai Composite is up 2.41% at 3,047.06. Overall, the Singapore MSCI is up 1.64% at 315.90. Over in Hong Kong, the Hang Seng Index is up 1.04% at 20,934. In Japan, the Nikkei 225 is up 0.26% at 26,880.00, while the Topix index is up 0.18% at 1899.50. South Korea’s Kospi is down 0.11% at 2677.57. Australia S&P/ASX 200 up 0.44% at 7336.80.
Top News of the Day:
U.S. stocks ended sharply higher on Wednesday after the Federal Reserve delivered a widely expected interest-rate hike, and the S&P 500 recorded its biggest one-day percentage gain in nearly two years.
Stocks initially see-sawed after the announcement, then the indexes strengthened. The S&P 500’s advance of almost 3% was the strongest since May 18, 2020.
Market Summary as per 04/05/2022:
European equities Wednesday closing. The DAX futures contract in Germany traded down 0.49% at 13,970.82, CAC 40 futures down 1.24% at 6395.68 and the UK 100 futures contract in the U.K. down 0.90% at 7,493.45.
In the U.S. on Wall Street, the Dow Jones Industrial Average closed up 2.81% at 34061.07. The S&P 500 up 2.99% at 4300.16 and the Nasdaq 100 up 3.41% at 13535.71, NYSE closes up 2.48% at 16119.60.
TECHNICAL SUMMARY
GBPUSD
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AFTER THE FED’S INTEREST RATE RISE, WALL STREET CLOSED WITH STRONG GAINS
Asia Pacific stocks were mostly up on Thursday morning. The Shanghai Composite is up 2.41% at 3,047.06. Overall, the Singapore MSCI is up 1.64% at 315.90. Over in Hong Kong, the Hang Seng Index is up 1.04% at 20,934. In Japan, the Nikkei 225 is up 0.26% at 26,880.00, while the Topix index is up 0.18% at 1899.50. South Korea’s Kospi is down 0.11% at 2677.57. Australia S&P/ASX 200 up 0.44% at 7336.80.
Top News of the Day:
U.S. stocks ended sharply higher on Wednesday after the Federal Reserve delivered a widely expected interest-rate hike, and the S&P 500 recorded its biggest one-day percentage gain in nearly two years.
Stocks initially see-sawed after the announcement, then the indexes strengthened. The S&P 500’s advance of almost 3% was the strongest since May 18, 2020.
Market Summary as per 04/05/2022:
European equities Wednesday closing. The DAX futures contract in Germany traded down 0.49% at 13,970.82, CAC 40 futures down 1.24% at 6395.68 and the UK 100 futures contract in the U.K. down 0.90% at 7,493.45.
In the U.S. on Wall Street, the Dow Jones Industrial Average closed up 2.81% at 34061.07. The S&P 500 up 2.99% at 4300.16 and the Nasdaq 100 up 3.41% at 13535.71, NYSE closes up 2.48% at 16119.60.
TECHNICAL SUMMARY
GBPUSD
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CLICK HERE FOR FULL REPORT