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
https://www.trade2win.com/proxy.php?...4627b350413869
https://www.trade2win.com/proxy.php?...7e0610cfc1aa38
TRADE SUGGESTION- BUY AT 1.1705, TAKE PROFIT AT 1.1757 AND STOP LOSS AT 1.1644
VIEW FULL REPORT VISIT - CAPITALSTREETFX
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
https://www.trade2win.com/proxy.php?...4627b350413869
https://www.trade2win.com/proxy.php?...7e0610cfc1aa38
TRADE SUGGESTION- BUY AT 1.1705, TAKE PROFIT AT 1.1757 AND STOP LOSS AT 1.1644
VIEW FULL REPORT VISIT - CAPITALSTREETFX