Daily Technical Analysis Report By Capital Street Fx

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TECHNICAL ANALYSIS REPORT ON FOREX, STOCKS, CRYPTO AND COMMODITY – 06 JUNE​

Week Brings CPI Reports In The U.S.

Asia-Pacific stocks were mostly up on Monday morning. The Shanghai Composite is up 1.11% at 3,231.04. Overall, the Singapore MSCI is down 0.85% at 296.35. Over in Hong Kong, the Hang Seng Index is up 1.61% at 21,280. In Japan, the Nikkei 225 is up 0.43% at 27,910.00, while the Topix index is up 0.10% at 1935.50. South Korea’s Kospi is up 0.44% at 2670.65. Australia S&P/ASX 200 down 0.45% at 7206.30.

Top News of the Day:

Stock markets ended the first week of June on a down note, as a strong U.S. jobs report made clear the Federal Reserve and other central banks can continue their monetary tightening policy, at the expense of risk assets.

This week brings CPI reports in the U.S., as inflation remains the biggest concern at the Fed and other central banks. The European Central Bank meets this week amidst expectations of policy normalization

Market Summary as per 03/06/2022:

European equities Friday closing. The DAX futures contract in Germany traded down 0.17% at 14,460.09, CAC 40 futures down 0.23% at 6485.31 and the UK 100 futures contract in the U.K. down 0.98% at 7,532.96.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed down 1.05% at 32899.71. The S&P 500 down 1.63% at 4108.55 and the Nasdaq 100 down 2.67% at 12548.03, NYSE closes down 1.02% at 15797.17.

TECHNICAL SUMMARY​

GBPUSD

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ETHEREUM TECHNICAL ANALYSIS, TRADE IDEAS AND SIGNALS​

ETHEREUM TECHNICAL ANALYSIS: WEEKLY CHART​

In the weekly charts, ETHEREUM is trading in a downward channel.

It is trading below all SMAs: MA (20), MA (50), and MA (100).

RSI is in selling zone which indicates bearishness. MACD is currently trading below zero which indicates bearishness.

The immediate support is at 1525 and the resistance level is at 2250

ETHEREUM is trading in a downward channel until there is a trend reversal.

ETHEREUM TECHNICAL ANALYSIS: DAILY CHART​

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TECHNICAL ANALYSIS REPORT ON FOREX, STOCKS, CRYPTO AND GOLD – 10 JUNE​

U.S. STOCKS SOLD OFF SHARPLY AHEAD OF DATA ON FRIDAY

Asia-Pacific stocks were mostly down on Friday morning. The Shanghai Composite is up 0.99% at 3,270.93. Overall, the Singapore MSCI is down 1.59% at 294.50. Over in Hong Kong, the Hang Seng Index is down 0.09% at 21,772. In Japan, the Nikkei 225 is down 1.77% at 27,800.00, while the Topix index is down 1.30% at 1941.50. South Korea’s Kospi is down 1.10% at 2596.40. Australia S&P/ASX 200 down 1.10% at 6942.60.

Top News of the Day:

U.S. stocks sold off sharply Thursday as investor anxiety heightened ahead of data on Friday that is expected to show consumer prices remained elevated in May.

Selling picked up toward the end of the session. Mega-cap growth stocks led the drop, with Apple Inc (NASDAQ:AAPL) and Amazon.com Inc (NASDAQ:AMZN) falling 3.6% and 4.2%, respectively, and putting the most pressure on the S&P 500 and the Nasdaq.

Market Summary as per 09/06/2022:

European equities Thursday closing. The DAX futures contract in Germany traded down 1.71% at 14,198.80, CAC 40 futures down 1.40% at 6358.47 and the UK 100 futures contract in the U.K. up 0.04% at 7,428.6.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed down 1.94% at 32272.80. The S&P 500 down 2.38% at 4017.81 and the Nasdaq 100 down 2.74% at 12269.78, NYSE closes down 2.34% at 15472.45.

TECHNICAL SUMMARY​

GBPUSD

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TECHNICAL ANALYSIS REPORT ON FOREX, STOCKS, CRYPTO AND GOLD – 10 JUNE​

U.S. STOCKS SOLD OFF SHARPLY AHEAD OF DATA ON FRIDAY

Asia-Pacific stocks were mostly down on Friday morning. The Shanghai Composite is up 0.99% at 3,270.93. Overall, the Singapore MSCI is down 1.59% at 294.50. Over in Hong Kong, the Hang Seng Index is down 0.09% at 21,772. In Japan, the Nikkei 225 is down 1.77% at 27,800.00, while the Topix index is down 1.30% at 1941.50. South Korea’s Kospi is down 1.10% at 2596.40. Australia S&P/ASX 200 down 1.10% at 6942.60.

Top News of the Day:

U.S. stocks sold off sharply Thursday as investor anxiety heightened ahead of data on Friday that is expected to show consumer prices remained elevated in May.

Selling picked up toward the end of the session. Mega-cap growth stocks led the drop, with Apple Inc (NASDAQ:AAPL) and Amazon.com Inc (NASDAQ:AMZN) falling 3.6% and 4.2%, respectively, and putting the most pressure on the S&P 500 and the Nasdaq.

Market Summary as per 09/06/2022:

European equities Thursday closing. The DAX futures contract in Germany traded down 1.71% at 14,198.80, CAC 40 futures down 1.40% at 6358.47 and the UK 100 futures contract in the U.K. up 0.04% at 7,428.6.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed down 1.94% at 32272.80. The S&P 500 down 2.38% at 4017.81 and the Nasdaq 100 down 2.74% at 12269.78, NYSE closes down 2.34% at 15472.45.

TECHNICAL SUMMARY​

GBPUSD

TRADE SUGGESTION- SELL AT 1.2483, TAKE PROFIT AT 1.2453 AND STOP LOSS AT 1.2555

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TECHNICAL ANALYSIS REPORT ON FOREX, STOCKS, CRYPTO AND GOLD – 13 JUNE​

DOW FUTURES EXTEND LOSSES AFTER WORST WEEK SINCE JANUARY​

Asia Pacific stocks were down on Monday morning. The Shanghai Composite is down 1.00% at 3,251.82. Overall, the Singapore MSCI is down 1.82% at 288.35. Over in Hong Kong, the Hang Seng Index is down 3.22% at 20,997. In Japan, the Nikkei 225 is down 3.27% at 26,950.00, while the Topix index is down 2.29% at 1897.50. South Korea’s Kospi is down 3.19% at 2513.03. Australia S&P/ASX 200 down 1.25% at 6932.00.

Top News of the Day:

U.S. stock futures were trading lower during Sunday’s evening deals, after major benchmark indices declined on Friday to post their biggest weekly declines in 5 months as a hotter-than-expected inflation print rattled risk sentiment.

Ahead in the week, market participants will be closely monitoring fresh retail sales data as well as the U.S. Federal Reserve interest rate decision, with policymakers expected to announce at least a half-point rate hike in an effort to stave off surging inflation pressures.

Market Summary as per 10/06/2022:

European equities Friday closing. The DAX futures contract in Germany traded down 3.08% at 13,761.83, CAC 40 futures down 2.69% at 6187.24 and the UK 100 futures contract in the U.K. down 2.12% at 7,317.53.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed down 2.73% at 31392.80. The S&P 500 down 2.91% at 3900.85 and the Nasdaq 100 down 3.56% at 11832.81, NYSE closes down 2.43% at 15096.68.

TECHNICAL SUMMARY​

GBPUSD

TRADE SUGGESTION- SELL AT 1.2288, TAKE PROFIT AT 1.2258 AND STOP LOSS AT 1.2328

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TECHNICAL ANALYSIS REPORT ON FOREX, STOCKS, CRYPTO AND S&P 500 – 14 JUNE​

S&P 500 Drops 3.9% Fueled by Worries of Interest Rate Hike by FED

Asia-Pacific stocks were down on Tuesday morning. The Shanghai Composite is up 0.40% at 3,268.02. Overall, the Singapore MSCI is down 0.75% at 283.90. Over in Hong Kong, the Hang Seng Index is up 0.57% at 21,014. In Japan, the Nikkei 225 is down 0.67% at 26,660.00, while the Topix index is down 0.58% at 1878.00. South Korea’s Kospi is down 0.46% at 2492.97. Australia S&P/ASX 200 down 3.55% at 6686.00.

Top News of the Day:

While the S&P 500 confirmed on Monday that it has been in a bear market since January, many of the benchmark’s components are in far worse shape following months of fear-driven selling related to rising interest rates and worries about the economy.

Market Summary as per 13/06/2022:

European equities Monday closing. The DAX futures contract in Germany traded down 2.43% at 13,427.03, CAC 40 futures down 2.67% at 6022.33 and the UK 100 futures contract in the U.K. down 1.53% at 7,205.80.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed down 2.79% at 30516.75. The S&P 500 down 3.88% at 3749.64 and the Nasdaq 100 down 4.60% at 11288.32, NYSE closes down 3.77% at 14527.89.

TECHNICAL SUMMARY​

GBPUSD

TRADE SUGGESTION- SELL AT 1.2180, TAKE PROFIT AT 1.2153 AND STOP LOSS AT 1.2206

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TECHNICAL ANALYSIS REPORT ON FOREX, STOCKS, CRYPTO AND NIKKEI 225 – 15 JUNE​

Investors Expect FED will Raise Interest Rate by 75 bps

Asia-Pacific stocks were mixed on Wednesday morning. The Shanghai Composite is up 1.40% at 3,334.55. Overall, the Singapore MSCI is up 0.57% at 284.75. Over in Hong Kong, the Hang Seng Index is up 1.55% at 21,221. In Japan, the Nikkei 225 is down 1.43% at 26,280.00, while the Topix index is down 1.38% at 1852.00. South Korea’s Kospi is down 1.83% at 2447.38. Australia S&P/ASX 200 down 1.27% at 6601.00.

Top News of the Day:

Investors have dramatically raised their bets that the U.S. Federal Reserve will raise interest rates by 75 basis points (bps) rather than 50 bps on Wednesday, a swing in expectations that has fuelled a violent selloff across world markets.

Investors worry that a 75-bps rate increase, which would be the biggest since 1994, will negatively impact the valuation of equities, particularly technology stocks, and jeopardize the post-COVID-19 recovery.

Market Summary as per 14/06/2022:

European equities Tuesday closing. The DAX futures contract in Germany traded down 0.91% at 13,304.39, CAC 40 futures down 1.20% at 5949.85 and the UK 100 futures contract in the U.K. down 0.25% at 7,187.47.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.50% at 30364.84. The S&P 500 down 0.38% at 3735.47 and the Nasdaq 100 up 0.21% at 11311.69, NYSE closes down 0.57% at 14444.64.

TECHNICAL SUMMARY​

GBPUSD

TRADE SUGGESTION- SELL AT 1.2029, TAKE PROFIT AT 1.1986 AND STOP LOSS AT 1.2120

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TECHNICAL ANALYSIS REPORT ON FOREX, STOCKS, CRYPTO AND S&P 500 – 16 JUNE​

S&P 500 Snap a Five-Session Losing Skid

Asia-Pacific stocks were up on Thursday morning. The Shanghai Composite is down 0.32% at 3,294.93. Overall, the Singapore MSCI is up 1.01% at 286.10. Over in Hong Kong, the Hang Seng Index is down 1.35% at 20,923. In Japan, the Nikkei 225 is up 0.57% at 26,430.00, while the Topix index is up 0.62% at 1863.50. South Korea’s Kospi is up 0.16% at 2451.41. Australia S&P/ASX 200 down 0.15% at 6591.10.

Top News of the Day:

The S&P 500 rallied on Wednesday to snap a five-session losing skid after a policy announcement by the Federal Reserve that raised interest rates to market expectations as the central bank seeks to fight rising inflation without sparking a recession.

The Federal Reserve raised its target interest rate by three-quarters of a percentage point, its biggest rate hike since 1994, and projected a slowing economy and rising unemployment in the months to come.

Market Summary as per 15/06/2022:

European equities Wednesday closing. The DAX futures contract in Germany traded up 1.36% at 13,485.29, CAC 40 futures up 1.35% at 6030.14 and the UK 100 futures contract in the U.K. up 1.20% at 7,273.42.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed up 1.00% at 30668.54. The S&P 500 up 1.46% at 3790.00 and the Nasdaq 100 up 2.49% at 11593.77, NYSE closes up 1.04% at 14595.22.

TECHNICAL SUMMARY​

GBPUSD

TRADE SUGGESTION- SELL AT 1.2070, TAKE PROFIT AT 1.2038 AND STOP LOSS AT 1.2120

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ROYAL DUTCH SHELL PRICE CHART, ANALYSIS AND TRADING SIGNALS​

ROYAL DUTCH SHELL TECHNICAL ANALYSIS: WEEKLY CHART​

In the weekly charts, ROYAL DUTCH SHELL is trading in an up channel. ROYAL DUTCH SHELL is currently trading above all SMA.

RSI is in buying zone which indicates bullishness. MACD is currently above zero which indicates bullishness.

Its immediate support is 21.33 & the resistance level is at 23.35.

ROYAL DUTCH SHELL will trade in the up channel until there is trend reversal.

ROYAL DUTCH SHELL TECHNICAL ANALYSIS: DAILY CHART​

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TATE & LYLE TECHNICAL ANALYSIS, TRADE SIGNALS AND TRADING TIPS​

TATE & LYLE TECHNICAL ANALYSIS: WEEKLY CHART​

In the weekly charts, TATE & LYLE is trading in an up channel. TATE & LYLE is currently trading above all SMA.

RSI is in buying zone which indicates bullishness. MACD is currently below zero which indicates bearishness.

Its immediate support is 659.56 & the resistance level is at 689.83.

TATE & LYLE will trade in the up channel until there is trend reversal.

TATE & LYLE TECHNICAL ANALYSIS: DAILY CHART​

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