Daily Market Report - Wednesday, Jan 05, 2022

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Global stock markets edged up on Wednesday as investors looked ahead to the release of U.S. Federal Reserve December monetary policy meeting minutes. The minutes will reveal the expedited timetable for ending the pandemic era stimulus. During the December FED meeting, the officials said they would completely reduce $120 billion in Treasury and asset-backed securities purchases initiated in response to the pandemic by March.

EQUITIES

Wall Street pulled back from record levels in overnight trade following the release of weaker-than-expected ISM manufacturing PMI and Jolts job openings data. Meanwhile, both Dow and the S&P 500 indexes reached a record high in regular trading hours on Tuesday.

OIL

Crude oil futures trade flat on Wednesday despite the release of strong API data, focus now shifts to EIA inventory report. The data showed the U.S. Crude Oil Stockpile Fell 6.4 million Barrels in the last week, compared to the market expectations for a draw of 3.4 million.

CURRENCIES

In the currency market, the dollar index, which tracks the greenback against a basket of six rival currencies trading slightly lower ahead of the FED meeting minutes. The EURO struggling to find the upside momentum against the dollar after weak surveys on the eurozone services sector.

GOLD

The safe-haven metal ticks up on Wednesday supported by a softer dollar and weak US macro-economic data. Overall, the momentum remains bullish throughout the Asian session.

Economic Outlook

On the data front, the US ISM Manufacturing PMI fell to 58.7 in December of 2021 from 61.1 in November, below market forecasts of 60.

Moving ahead today, the important events to watch:

US – ADP employment report: GMT – 13.15

US –EIA crude inventories: GMT – 15.30

US – FOMC meeting minutes: GMT – 19.00

Coronavirus update:

Worldwide, more than 292 million people have been confirmed infected and more than 5.44 million have died. The United States has confirmed over 56 million cases and has had more than 827,000 deaths from COVID-19, the highest totals in the world.

Technical Outlook and Review

EURUSD:
The currency pair trades above 1.1300. If the bullish momentum continues then the next upside level is to watch 1.1330/45 then 1.1370/85. On the downside, any meaningful pullback now seems to find some support near the 1.1270 zones, below which the slide could further get extended towards the 1.1240 regions.

eurusd


The important levels to watch for today: Support- 1.1270 and 1.1240 Resistance- 1.1345 and 1.1390.

GOLD: The yellow metal trading is steady above $1815. If the bullish momentum continues the next upside levels to watch the $1820 and $1832 zone. On the flip side, the immediate support at $1810/00.

gold neww


The important levels to watch for today: Support- 1810 and 1797 Resistance- 1820 and 1832.

Quote of the day - I have found that when the market’s going down and you buy funds wisely, at some point in the future, you will be happy. You won’t get there by reading. Now is the time to buy. – Peter Lynch.

Read more- https://gulfbrokers.com/en/daily-market-report-427
 

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TECHNICAL ANALYSIS WITH CANDLESTICK CHARTS – 18 JANUARY 2022

Asia Pacific stocks were mostly up on Tuesday morning. The Shanghai Composite is up 0.61% at 3,563.73. Overall, the Singapore MSCI up 0.12% at 344.80. Over in Hong Kong, the Hang Seng Index down 0.23% at 24,135.00. In Japan, the Nikkei 225 is down 0.32% at 28,250.00, while the Topix index is up 0.53% at 1977.50. South Korea’s Kospi down 0.89% to 2864.24. Australia S&P/ASX 200 down 0.11% at 7408.80.
European equities Monday closing. The DAX futures contract in Germany traded up 0.32% at 15933.72, CAC 40 futures up 0.82% at 7201.65 and the UK 100 futures contract in the U.K. up 0.91% at 7,611.24.
In U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.56% at 35911.82. The S&P 500 up 0.08% at 4662.84 and the Nasdaq 100 up 0.75% at 15611.59, NYSE closes down 0.23% at 17219.06.
In the Forex market, GBPUSD down 0.05% at 1.36369. The USDJPY up 0.26% at 114.905. The USDCHF up 0.22% at 0.9152. EURUSD down 0.04% at 1.13982, EUR/GBP up 0.06% at 0.8358. The USD/CNY down 0.08% at 6.3434 at the time of writing.
In the commodity market U.S. Gold futures down 0.11% at $1,816.59. Elsewhere, Silver futures up 0.11% at $22.961 per ounce, Platinum down 0.26% at $969.00 per ounce, and Palladium up 0.29% at $1881.00.
Crude Oil up on Tuesday; Brent crude oil up 1.41% at $87.75 per barrel while U.S. West Texas Intermediate (CLc1) is up 1.27% at $84.74.
In the Cryptocurrency Markets, Bitcoin at 42314.35 up 0.14%, Ethereum down 0.24% at 3203.54, Litecoin at 147.80 down 2.36%, at the time of writing.

TECHNICAL REPORT

GBPUSD

Candlestick Charts

Technical Analysis

TRADE SUGGESTION- BUY AT 1.36354, TAKE PROFIT AT 1.36617 AND STOP LOSS AT 1.36171

EURUSD


Candlestick Charts

Technical Analysis

TRADE SUGGESTION- BUY AT 1.13929, TAKE PROFIT AT 1.14317 AND STOP LOSS AT 1.13576

USDJPY


Candlestick Charts

Technical Analysis

TRADE SUGGESTION- BUY AT 114.862, TAKE PROFIT AT 115.159 AND STOP LOSS AT 114.625

USDCHF


Candlestick Charts

Technical Analysis

TRADE SUGGESTION- SELL AT 0.91456, TAKE PROFIT AT 0.91193 AND STOP LOSS AT 0.91682

HANG SENG


Candlestick Charts

Technical Analysis

TRADE SUGGESTION- BUY AT 24047.00 TAKE PROFIT AT 24300.00 AND STOP LOSS AT 23842.00.

WTI CRUDE OIL


Candlestick Charts

Technical Analysis

TRADE SUGGESTION- BUY AT 84.92 TAKE PROFIT AT 85.08 AND STOP LOSS AT 84.80

GOLD


Candlestick Charts

Technical Analysis

TRADE SUGGESTION- BUY AT 1816.00, TAKE PROFIT AT 1820.15 AND STOP AT 1812.19

ETHEREUM


Candlestick Charts

Technical Analysis

TRADE SUGGESTION- SELL AT 3172.52 TAKE PROFIT AT 3047.22 AND STOP AT 3259.60

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TECHNICAL NEWS
 

CSFXNEWS

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TECHNICAL ANALYSIS WITH CANDLESTICK CHARTS – 19 JANUARY 2022

Asia Pacific stocks were mostly down on Wednesday morning. The Shanghai composite is down 0.63% at 3,547.44. Overall, the Singapore MSCI down 0.03% at 342.60. Over in Hong Kong, the Hang Seng Index down 0.10% at 24,013.00. In Japan, the Nikkei 225 down 3.08% at 27,380.00, while the Topix index is down 2.96% at 1919.00. South Korea’s Kospi down 0.75% to 2842.88. Australia S&P/ASX 200 down 1.03% at 7332.50.
European equities Tuesday closing. The DAX futures contract in Germany traded down 1.01% at 15772.56, CAC 40 futures down 0.94% at 7133.84 and the UK 100 futures contract in the U.K. down 0.63% at 7,563.54.
In U.S. on Wall Street, the Dow Jones Industrial Average closed down 1.51% at 35368.48. The S&P 500 down 1.84% at 4577.10 and the Nasdaq 100 down 2.57% at 15210.76, NYSE closes down 1.56% at 16950.91.
In the Forex market, GBPUSD up 0.10% at 1.36082. The USDJPY down 0.27% at 114.281. The USDCHF down 0.14% at 0.9159. EURUSD up 0.07% at 1.13320, EUR/GBP down 0.04% at 0.8327. The USD/CNY down 0.07% at 6.3482 at the time of writing.
In the commodity market U.S. Gold futures flat at $1,813.30. Elsewhere, Silver futures up 0.27% at $23.518 per ounce, Platinum down 0.41% at $979.00 per ounce, and Palladium down 0.26% at $1900.00.
Crude Oil down on Wednesday; Brent crude oil down 0.52% at $87.96 per barrel while U.S. West Texas Intermediate (CLc1) down 0.57% at $85.29.
In the Cryptocurrency Markets, Bitcoin at 41772.98 down 1.43%, Ethereum down 1.79% at 3106.57, Litecoin at 136.02 down 3.82%, at the time of writing.

TECHNICAL REPORT

GBPUSD

Technical Analysis Chart

Technical Analysis Chart

TRADE SUGGESTION- BUY AT 1.36016, TAKE PROFIT AT 1.36328 AND STOP LOSS AT 1.35765

EURUSD


Technical Analysis Chart

Technical Analysis Chart

TRADE SUGGESTION- SELL AT 1.13330, TAKE PROFIT AT 1.13102 AND STOP LOSS AT 1.13516

EURGBP


Technical Analysis Chart

Technical Analysis Chart

TRADE SUGGESTION- SELL AT 0.8327, TAKE PROFIT AT 0.8321 AND STOP LOSS AT 0.8329

EURJPY


Technical Analysis Chart

Technical Analysis Chart

TRADE SUGGESTION- SELL AT 129.541, TAKE PROFIT AT 129.030 AND STOP LOSS AT 130.005

NIKKEI 225


Technical Analysis Chart

Technical Analysis Chart

TRADE SUGGESTION- SELL AT 27463.00 TAKE PROFIT AT 27448.00 AND STOP LOSS AT 27488.00.

WTI CRUDE OIL


Technical Analysis Chart

Technical Analysis Chart

TRADE SUGGESTION- BUY AT 85.19 TAKE PROFIT AT 85.71 AND STOP LOSS AT 84.73

GOLD


Technical Analysis Chart

Technical Analysis Chart

TRADE SUGGESTION- BUY AT 1813.20, TAKE PROFIT AT 1819.86 AND STOP AT 1807.96

LITECOIN USD


Technical Analysis Chart

Technical Analysis Chart

TRADE SUGGESTION- SELL AT 132.073 TAKE PROFIT AT 125.104 AND STOP AT 142.24
 

CSFXNEWS

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TECHNICAL ANALYSIS WITH CANDLESTICK CHARTS – 20 JANUARY 2022

Asia Pacific stocks were mostly up on Thursday morning. The Shanghai composite is up 0.05% at 3,559.87. Overall, the Singapore MSCI down 0.32% at 343.00. Over in Hong Kong, the Hang Seng Index up 2.77% at 24,741.00. In Japan, the Nikkei 225 up 0.80% at 27,740.00, while the Topix index is up 0.62% at 1936.50. South Korea’s Kospi up 0.69% to 2861.87. Australia S&P/ASX 200 up 0.14% at 7342.40.
European equities Wednesday closing. The DAX futures contract in Germany traded up 0.31% at 15823.00, CAC 40 futures up 0.55% at 7172.99 and the UK 100 futures contract in the U.K. up 0.35% at 7,589.67.
In U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.96% at 35028.66. The S&P 500 down 0.97% at 4532.77 and the Nasdaq 100 down 1.07% at 15047.84, NYSE closes down 0.78% at 16818.97.
In the Forex market, GBPUSD up 0.11% at 1.36275. The USDJPY up 0.14% at 114.478. The USDCHF down 0.03% at 0.9154. EURUSD up 0.08 % at 1.13513, EUR/GBP down 0.01% at 0.8330. The USD/CNY down 0.01% at 6.3439 at the time of writing.
In the commodity market U.S. Gold futures down 0.03% at $1,839.73. Elsewhere, Silver futures up 0.31% at $24.205 per ounce, Platinum up 0.24% at $1026.50 per ounce, and Palladium down 0.42% at $1994.50.
Crude Oil up on Thursday; Brent crude oil up 0.87% at $88.34 per barrel while U.S. West Texas Intermediate (CLc1) up 0.94% at $85.67.
In the Cryptocurrency Markets, Bitcoin at 42006.50 up 0.81%, Ethereum up 1.92% at 3142.18, Litecoin at 138.77 up 1.77%, at the time of writing.

TECHNICAL REPORT

GBPUSD
Candlestick Charts

Technical Analysis

TRADE SUGGESTION- BUY AT 1.36263, TAKE PROFIT AT 1.36631 AND STOP LOSS AT 1.36022
EURUSD

Candlestick Charts

Technical Analysis

TRADE SUGGESTION- SELL AT 1.13489, TAKE PROFIT AT 1.13306 AND STOP LOSS AT 1.13727
GBPJPY

Candlestick Charts

Technical Analysis

TRADE SUGGESTION- SELL AT 155.940, TAKE PROFIT AT 155.409 AND STOP LOSS AT 156.507
CHFJPY

Candlestick Charts

Technical Analysis

TRADE SUGGESTION- SELL AT 124.926, TAKE PROFIT AT 124.502 AND STOP LOSS AT 125.205
DOW JONES

Candlestick Charts

Technical Analysis

TRADE SUGGESTION- SELL AT 35085.00 TAKE PROFIT AT 34913.00 AND STOP LOSS AT 35274.00.
WTI CRUDE OIL

Candlestick Charts

Technical Analysis

TRADE SUGGESTION- BUY AT 85.50 TAKE PROFIT AT 86.31 AND STOP LOSS AT 84.84
GOLD

Candlestick Charts

Technical Analysis

TRADE SUGGESTION- BUY AT 1839.90, TAKE PROFIT AT 1848.50 AND STOP AT 1832.65
BTC USD

Candlestick Charts

Technical Analysis

TRADE SUGGESTION- SELL AT 41842.03 TAKE PROFIT AT 40964.04 AND STOP AT 43258.36

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CSFXNEWS

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TECHNICAL ANALYSIS WITH CANDLESTICK CHARTS – 24 JANUARY 2022

Asia Pacific stocks were mostly down on Monday morning. The Shanghai composite is up 0.23% at 3,530.65. Overall, the Singapore MSCI down 1.11% at 339.75. Over in Hong Kong, the Hang Seng Index down 0.80% at 24,716.00. In Japan, the Nikkei 225 up 0.15% at 27,560.00, while the Topix index is up 0.29% at 1930.50. South Korea’s Kospi down 1.60% to 2788.89. Australia S&P/ASX 200 down 0.51% at 7139.50.
European equities Friday closing. The DAX futures contract in Germany traded down 1.94% at 15603.88, CAC 40 futures down 1.75% at 7068.60 and the UK 100 futures contract in the U.K. up 0.58% at 7,479.50.
In U.S. on Wall Street, the Dow Jones Industrial Average closed down 1.30% at 34265.38. The S&P 500 down 1.89% at 4397.95 and the Nasdaq 100 down 2.75% at 14438.40, NYSE closes down 1.60% at 16397.34.
In the Forex market, GBPUSD down 0.04% at 1.35477. The USDJPY up 0.23% at 113.923. The USDCHF up 0.21% at 0.9137. EURUSD down 0.15% at 1.13266, EUR/GBP down 0.09% at 0.8360. The USD/CNY down 0.10% at 6.3323 at the time of writing.
In the commodity market U.S. Gold futures up 0.15% at $1,837.27. Elsewhere, Silver futures down 0.62% at $24.120 per ounce, Platinum up 0.39% at $1032.50 per ounce, and Palladium up 0.64% at $2122.00.
Crude Oil up on Monday; Brent crude oil up 1.00% at $88.58 per barrel while U.S. West Texas Intermediate (CLc1) up 1.13% at $85.54.
In the Cryptocurrency Markets, Bitcoin at 35071.78 down 3.37%, Ethereum down 4.25% at 2435.16, Litecoin at 107.59 down 4.29%, at the time of writing.

TECHNICAL REPORT

GBPUSD
Candlestick Charts

Technical Analysis

TRADE SUGGESTION- SELL AT 1.35407, TAKE PROFIT AT 1.35198 AND STOP LOSS AT 1.35755
EURUSD

Candlestick Charts

Technical Analysis

TRADE SUGGESTION- SELL AT 1.13152, TAKE PROFIT AT 1.12998 AND STOP LOSS AT 1.13397
EURGBP

Candlestick Charts

Technical Analysis

TRADE SUGGESTION- BUY AT 0.83541, TAKE PROFIT AT 0.83695 AND STOP LOSS AT 0.82474
EURJPY

Candlestick Charts

Technical Analysis

TRADE SUGGESTION- SELL AT 128.795, TAKE PROFIT AT 128.526 AND STOP LOSS AT 129.115
NIKKEI 225

Candlestick Charts

Technical Analysis

TRADE SUGGESTION- SELL AT 27573.00 TAKE PROFIT AT 27470.00 AND STOP LOSS AT 27633.00.
WTI CRUDE OIL

Candlestick Charts

Technical Analysis

TRADE SUGGESTION- BUY AT 85.37 TAKE PROFIT AT 85.84 AND STOP LOSS AT 84.90
GOLD

Candlestick Charts

Technical Analysis

TRADE SUGGESTION- BUY AT 1837.45, TAKE PROFIT AT 1844.01 AND STOP AT 1832.60
LITECOIN USD

Candlestick Charts

Technical Analysis

TRADE SUGGESTION- SELL AT 106.457 TAKE PROFIT AT 100.000 AND STOP AT 125.161

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