Daily Technical Analysis by Capital Street FX

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

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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
https://www.trade2win.com/proxy.php?...bc5220a5489ae4

https://www.trade2win.com/proxy.php?...ae2876cb7b9036
TRADE SUGGESTION- SELL AT 1.1482, TAKE PROFIT AT 1.1457 AND STOP LOSS AT 1.1521


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CAPITALSTREETFX

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
https://lh6.googleusercontent.com/jZ...jQX9Ej06_9pdFg
https://lh6.googleusercontent.com/PP...koh12jhle9EicQ

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
https://lh6.googleusercontent.com/X8...GDI1EG1ielz7kw
https://lh4.googleusercontent.com/MX...rLKmZkU8MOr5jg

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

https://www.capitalstreetfx.com/en/w...157_Docs-1.jpg


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

Click here for full report

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
https://lh4.googleusercontent.com/Kz...Uo9EnLUictF1Dg
https://lh6.googleusercontent.com/SB...ZIlUJhlK7ixqLw

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

CHECK FULL REPORT

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

https://lh6.googleusercontent.com/74...z9_WyOPt_ixFFA
https://lh3.googleusercontent.com/3r...oeOw2frk3fngLw

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

Click here for Full report

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
https://www.trade2win.com/proxy.php?...7509758abc2b1f

https://www.trade2win.com/proxy.php?...0d54a51776af3b

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

VIEW FULL REPORT VISIT - CAPITALSTREETFX

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

https://www.trade2win.com/proxy.php?...793d371bb0f12d


https://www.trade2win.com/proxy.php?...3822229367739d


TRADE SUGGESTION- SELL AT 1.1224, TAKE PROFIT AT 1.1200 AND STOP LOSS AT 1.1243

VIEW FULL REPORT VISIT - CAPITALSTREETFX

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
https://www.trade2win.com/proxy.php?...a20da7cae4ab01

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
https://www.trade2win.com/proxy.php?...4aaf9d4805d2f1


https://www.trade2win.com/proxy.php?...bdf94a7b6a248d

TRADE SUGGESTION- SELL AT 1.0778, TAKE PROFIT AT 1.0762 AND STOP LOSS AT 1.0790


VIEW FULL REPORT VISIT - CAPITALSTREETFX

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

https://www.trade2win.com/proxy.php?...dd9eb372ec832d

https://www.trade2win.com/proxy.php?...7a3b39db78b420

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


VIEW FULL REPORT VISIT - CAPITALSTREETFX

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

https://www.trade2win.com/proxy.php?...df2dd3e7c9b548

https://www.trade2win.com/proxy.php?...546b32e45590b3

TRADE SUGGESTION- BUY AT 1.1321, TAKE PROFIT AT 1.1476 AND STOP LOSS AT 1.1220


VIEW FULL REPORT VISIT - CAPITALSTREETFX

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

https://www.trade2win.com/proxy.php?...199fc7bd1804f5

https://www.trade2win.com/proxy.php?...a37fdda2bb9555

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


VIEW FULL REPORT VISIT - CAPITALSTREETFX

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


TRADE SUGGESTION- BUY AT 1.1296, TAKE PROFIT AT 1.1454 AND STOP LOSS AT 1.1215


VIEW FULL REPORT VISIT - CAPITALSTREETFX

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 per 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.

TECHNICAL SUMMARY
GBPUSD TECHNICAL ANALYSIS

TRADE SUGGESTION- BUY AT 1.1502, TAKE PROFIT AT 1.1598 AND STOP LOSS AT 1.1456


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