Daily Technical Analysis Report By Capital Street Fx

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TECHNICAL ANALYSIS REPORT ON FOREX, STOCKS, CRYPTO – 04 JULY 2022​

RISKS TO THE DOWNSIDE WERE INDICATED BY U.S. STATISTICS FOR JUNE WEEK’S PAYROLLS REPORT​

Asia Pacific stocks were mixed on Monday morning. The Shanghai Composite is up 0.26% at 3,396.53. Overall, the Singapore MSCI is up 1.40% at 282.95. Over in Hong Kong, the Hang Seng Index is up 0.01% at 21,746. In Japan, the Nikkei 225 is up 0.97% at 26,080.00, while the Topix index is up 1.47% at 1864.00. South Korea’s Kospi is down 0.92% at 2,284.27. Australia S&P/ASX 200 up 1.18% at 6617.10.

Top News of the Day:

Global share markets wavered on Monday as a run of soft U.S. data suggested downside risks for this week’s June payrolls report, while the hubbub over possible recession was still driving a relief rally in government bonds.

The search for safety kept the U.S. dollar near 20-year highs, though early action was light with U.S. markets on holiday.

Market Summary as per 01/07/2022:

European equities Friday closing. The DAX futures contract in Germany traded up 0.23% at 12,813.03, CAC 40 futures up 0.14% at 5931.07 and the UK 100 futures contract in the U.K. down 0.01% at 7,168.64.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed up 1.05% at 31097.27. The S&P 500 up 1.05% at 3825.32 and the Nasdaq 100 up 0.71% at 11585.68, NYSE closes up 1.03% at 14636.75.

TECHNICAL SUMMARY​

GBPUSD

TRADE SUGGESTION- SELL AT 1.2102, TAKE PROFIT AT 1.2082 AND STOP LOSS AT 1.2120


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TECHNICAL ANALYSIS REPORT ON FOREX, STOCKS, CRYPTO – 05 JULY 2022​

U.S. STOCK FUTURES WERE HIGHER ON MONDAY OVERNIGHT TRADING

Asia-Pacific stocks were mostly up on Tuesday morning. The Shanghai Composite is down 0.58% at 3,385.89. Overall, the Singapore MSCI is up 0.30% at 283.55. Over in Hong Kong, the Hang Seng Index is up 0.10% at 21,836. In Japan, the Nikkei 225 is up 0.61% at 26,340.00, while the Topix index is up 0.29% at 1874.00. South Korea’s Kospi is up 1.80% at 2,341.78. Australia S&P/ASX 200 up 0.25% at 6629.30.

Top News of the Day:

U.S. Stock futures were higher overnight trading on Monday, with major benchmark averages remaining closed during regular hours for a public holiday after closing out the previous week with significant losses.

By 06:50 PM ET (2250 GMT) Dow Jones Futures added 0.2%, S&P 500 Futures lifted 0.3%, while the Nasdaq 100 Futures gained 0.7%.

Market Summary as per 04/07/2022:

European equities Monday closing. The DAX futures contract in Germany traded down 0.31% at 12,773.38, CAC 40 futures up 0.40% at 5954.66 and the UK 100 futures contract in the U.K. up 0.89% at 7,232.66.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed up 1.05% at 31097.27. The S&P 500 up 1.05% at 3825.32 and the Nasdaq 100 up 0.71% at 11585.68, NYSE closes up 1.03% at 14636.75.

TECHNICAL SUMMARY​

GBPUSD

TRADE SUGGESTION- SELL AT 1.2079, TAKE PROFIT AT 1.2064 AND STOP LOSS AT 1.2097


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TECHNICAL ANALYSIS REPORT ON FOREX, STOCKS, CRYPTO – 06 JULY 2022​

U.S. STOCK IS UNDER SELLING PRESSURE THIS YEAR WITH S&P 500 STEEPEST FIRST ½% DROP SINCE 1970

Asia-Pacific stocks were up on Wednesday morning. The Shanghai Composite is down 2.03% at 3,334.64. Overall, the Singapore MSCI is up 1.37% at 285.80. Over in Hong Kong, the Hang Seng Index is down 2.08% at 21,256. In Japan, the Nikkei 225 is down 1.29% at 26,000.00, while the Topix index is down 1.36% at 1848.50. South Korea’s Kospi is down 2.13% at 2,292.01. Australia S&P/ASX 200 down 0.52% at 6594.50.

Top News of the Day:

The S&P 500 ended slightly higher on Tuesday as investors kept their focus on the growth trajectory of the U.S. economy, and the tech-heavy Nasdaq closed higher while the Dow slipped.

U.S. stocks have been under relentless selling pressure this year, with the benchmark S&P 500 index recording its steepest first-half percentage drop since 1970, as the Federal Reserve moves away from easy-money policy by raising borrowing costs.

Market Summary as per 05/07/2022:

European equities Tuesday closing. The DAX futures contract in Germany traded down 2.91% at 12,401.20, CAC 40 futures down 2.68% at 5794.95 and the UK 100 futures contract in the U.K. down 2.86% at 7,025.48.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.42% at 30967.83. The S&P 500 up 0.16% at 3831.38 and the Nasdaq 100 up 1.68% at 11779.90, NYSE closes down 0.94% at 14499.49.

TECHNICAL SUMMARY​

GBPUSD

TRADE SUGGESTION- SELL AT 1.1975, TAKE PROFIT AT 1.1936 AND STOP LOSS AT 1.2083



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TECHNICAL ANALYSIS REPORT – 07 JULY 2022​

WALL STREET SEESAW WEDNESDAY BEHIND IT HIGHER CLOSE

Asia-Pacific stocks were mostly up on Thursday morning. The Shanghai Composite is up 0.22% at 3,362.23. Overall, the Singapore MSCI is down 0.04% at 285.25. Over in Hong Kong, the Hang Seng Index is up 0.34% at 21,579. In Japan, the Nikkei 225 is up 1.88% at 26,490.00, while the Topix index is up 1.76% at 1881.00. South Korea’s Kospi is up 1.84% at 2,334.27. Australia S&P/ASX 200 up 0.81% at 6648.00.

Top News of the Day:

Wall Street put a seesaw day behind it to close higher on Wednesday, as investors digested new clues on the U.S. central bank’s approach to rate policy and its inflation fight detailed in the minutes from the latest Federal Reserve meeting.

After a brutal selloff in global equity markets in the first half of the year, nervous investors are keeping a close watch on central bank actions as they try to assess the impact of aggressive rate hikes on global growth.

Market Summary as per 06/07/2022:

European equities Wednesday closing. The DAX futures contract in Germany traded up 1.56% at 12,594.52, CAC 40 futures up 2.03% at 5912.39 and the UK 100 futures contract in the U.K. up 1.17% at 7,107.78.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.23% at 31037.69. The S&P 500 up 0.36% at 3845.09 and the Nasdaq 100 up 0.62% at 11852.59, NYSE closes down 0.24% at 14465.29.

TECHNICAL SUMMARY​

GBPUSD

TRADE SUGGESTION- SELL AT 1.1960, TAKE PROFIT AT 1.1906 AND STOP LOSS AT 1.1986

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TECHNICAL ANALYSIS REPORT – 08 JULY 2022​

U.S. STOCK FUTURES LOWER ON THURSDAY AFTER JOB DATA RELEASE

Asia-Pacific stocks were up on Friday morning. The Shanghai Composite is down 0.23% at 3,356.06. Overall, the Singapore MSCI is up 0.59% at 288.90. Over in Hong Kong, the Hang Seng Index is up 0.05% at 21,718. In Japan, the Nikkei 225 is up 0.45% at 26,610.00, while the Topix index is up 0.72% at 1894.50. South Korea’s Kospi is up 0.70% at 2,350.61. Australia S&P/ASX 200 up 0.45% at 6678.00.

Top News of the Day:

U.S. stock futures were trading slightly lower during overnight deals on Thursday, after major benchmark averages finished the regular session higher as investors look ahead to key jobs data set to be released later in the session.

By 07:00 PM ET (2300 GMT) Dow Jones Futures and S&P 500 Futures dipped 0.1%, while Nasdaq 100 Futures lost 0.2%.

Market Summary as per 07/07/2022:

European equities Thursday closing. The DAX futures contract in Germany traded up 1.97% at 12,843.22, CAC 40 futures down 0.11% at 6000.78 and the UK 100 futures contract in the U.K. down 0.26% at 7,170.82.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed up 1.12% at 31384.56. The S&P 500 up 1.50% at 3902.63 and the Nasdaq 100 up 2.16% at 12109.05, NYSE closes up 1.46% at 14676.49.

TECHNICAL SUMMARY​

GBPUSD

TRADE SUGGESTION- SELL AT 1.1932, TAKE PROFIT AT 1.1914 AND STOP LOSS AT 1.1943

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TECHNICAL ANALYSIS REPORT – 11 JULY 2022​

MARKETS CAUTION ON MONDAY DUE TO U.S. INFLATION REPORT

Asia-Pacific stocks were mostly down on Monday morning. The Shanghai Composite is down 1.23% at 3,314.82. Overall, the Singapore MSCI is flat at 289.00. Over in Hong Kong, the Hang Seng Index is down 2.95% at 21,086. In Japan, the Nikkei 225 is up 0.15% at 26,650.00, while the Topix index is up 0.61% at 1906.00. South Korea’s Kospi is down 0.44% at 2,340.27. Australia S&P/ASX 200 down 1.14% at 6602.20.

Top News of the Day:

Caution gripped share markets on Monday as investors braced for a U.S. inflation report that could force another super-sized hike in interest rates and the start of an earnings season in which profits will be under pressure.

Upbeat U.S. June payrolls report already has the market wagering heavily on a rise of 75 basis points from the Federal Reserve, sending bond yields and the dollar higher.

Market Summary as per 08/07/2022:

European equities Friday closing. The DAX futures contract in Germany traded up 1.34% at 13,015.23, CAC 40 futures down 1.59% at 5936.89 and the UK 100 futures contract in the U.K. down 0.87% at 7,119.20.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.15% at 31338.16. The S&P 500 down 0.08% at 3899.37 and the Nasdaq 100 up 0.14% at 12125.69, NYSE closes down 0.23% at 14642.32.

TECHNICAL SUMMARY​

GBPUSD

TRADE SUGGESTION- SELL AT 1.1955, TAKE PROFIT AT 1.1930 AND STOP-LOSS AT 1.1987


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TECHNICAL ANALYSIS REPORT – 12 JULY 2022​

Wall Street declines in response to economic data & EARNINGS

Asia-Pacific stocks were mostly down on Tuesday morning. The Shanghai Composite is down 0.92% at 3,282.97. Overall, the Singapore MSCI is down 1.65% at 285.65. Over in Hong Kong, the Hang Seng Index is down 1.21% at 20,898. In Japan, the Nikkei 225 is down 1.39% at 26,280.00, while the Topix index is down 1.44% at 1878.50. South Korea’s Kospi is down 0.96% at 2,317.76. Australia S&P/ASX 200 up 0.06% at 6606.30.

Top News of the Day:

U.S. stocks lost ground on Monday as a lack of catalysts left market participants warily embarking on a week back-end loaded with crucial inflation data and the unofficial beginning to second-quarter earnings season.

Market leading growth stocks pulled all three major U.S. stock indexes into negative territory, with risk-off sentiment exacerbated by Macau’s first casino shutdown in over two years to curb the spread of COVID-19.

Market Summary as per 11/07/2022:

European equities Monday closing. The DAX futures contract in Germany traded down 1.40% at 12,832.44, CAC 40 futures down 0.36% at 5974.56 and the UK 100 futures contract in the U.K. down 0.24% at 7,179.15.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.52% at 31173.85. The S&P 500 down 1.15% at 3854.44 and the Nasdaq 100 down 2.19% at 11860.28, NYSE closes down 0.96% at 14502.43.

TECHNICAL SUMMARY​

GBPUSD

TRADE SUGGESTION- SELL AT 1.1821, TAKE PROFIT AT 1.1800 AND STOP LOSS AT 1.1859

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TECHNICAL ANALYSIS REPORT – 14 JULY 2022​

FRESH EARNINGS, INITIAL JOBLESS CLAIMS AND PPI DATA WILL RIDE THE MARKET

Asia Pacific stocks were mostly up on Thursday morning. The Shanghai Composite is down 0.23% at 3,276.45. Overall, the Singapore MSCI is down 1.31% at 282.50. Over in Hong Kong, the Hang Seng Index is down 0.86% at 20,652. In Japan, the Nikkei 225 is up 0.79% at 26,640.00, while the Topix index is up 0.19% at 1889.00. South Korea’s Kospi is up 0.02% at 2,329.13. Australia S&P/ASX 200 up 0.37% at 6646.00.

Top News of the Day:

U.S stock futures traded lower during Wednesday’s evening deals, following a negative close for major benchmark indices after a hotter than expected CPI print, with inflation surging to fresh 41-year highs, while investors look ahead to earnings reports from major financial companies.

Ahead in Thursday’s session, market participants will be monitoring fresh earnings reports from JPMorgan Chase & Co (NYSE:JPM) and Morgan Stanley (NYSE:MS), while weekly initial jobless claims and PPI data will also be closely watched.

Market Summary as per 13/07/2022:

European equities Wednesday closing. The DAX futures contract in Germany traded down 1.16% at 12,756.32, CAC 40 futures down 0.73% at 6000.23 and the UK 100 futures contract in the U.K. down 0.74% at 7,156.38.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.67% at 30772.80. The S&P 500 down 0.45% at 3801.77 and the Nasdaq 100 down 0.14% at 11860.28, NYSE closes down 0.38% at 14340.28.

TECHNICAL SUMMARY​

GBPUSD

TRADE SUGGESTION- SELL AT 1.1834, TAKE PROFIT AT 1.1825 AND STOP LOSS AT 1.1853

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WEEKLY TECHNICAL ANALYSIS WITH CANDLESTICK CHARTS – 17 JULY 2022​

WEEKLY SNAPSHOT​

GDP (YoY), U.K.

WHEN: WHAT IT HAD INFLUENCED:

13th JULY 2022 GBP and its subsequent pairs

WHAT HAPPENED: Gross Domestic Product (GDP) measures the annualized change in the inflation-adjusted value of all goods and services produced by the economy. It is the broadest measure of economic activity and the primary indicator of the economy’s health.

GBPJPY is currently in the upward channel. Further upside can be seen in the coming week.

Initial Jobless Claims, U.S.

WHEN: WHAT IT HAD INFLUENCED:

14th JULY 2022 USD and its subsequent pairs

WHAT HAPPENED: Initial Jobless Claims measures the number of individuals who filed for unemployment insurance for the first time during the past week. This is the earliest U.S. economic data, but the market impact varies from week to week.

USDCAD is currently in the upward channel. Further upside can be seen in the coming week.

RBA Interest Rate Decision (Jul), NEW ZEALAND

WHEN: WHAT IT HAD INFLUENCED:

12th JULY 2022 NZD and its subsequent pairs

WHAT HAPPENED: The Reserve Bank of New Zealand (RBNZ) governor decides where to set the rate after consulting senior bank staff and external advisers.

NZDUSD is currently in the downward channel. Further downside can be seen in the coming week.

Gold falls Friday in fifth weekly decline on dollar strength

WHAT IT HAD INFLUENCED:

GOLD

WHAT HAPPENED: Gold prices eased on Friday and posted its fifth straight weekly loss, as expectations of a sizeable rate hike by the U.S. Federal Reserve powered the dollar and eroded bullion’s appeal.

Spot gold firmed to $1,705.39 per ounce, but lost about 2% this week. U.S. gold futures also eased 0.13% to $1,703.6.

That, to some, was an indication that gold may already have, or is close, to bottoming out and probably has not too much more to lose.

Friday’s trade in gold was bogged by more uncertainty after the release of sterling U.S. jobs data for June.

GOLD was trading in the downward channel. The downside will be further in the coming week after the breakdown.

TOP COMMODITIES IN THE COMING WEEK

GOLD

GOLD was trading in the downward channel. The downside will be further in the coming week after the breakdown.


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TECHNICAL ANALYSIS REPORT – 21 JULY 2022​

Dow Futures Relieve After Major Indices Continue Rally

Asia-Pacific stocks were mostly down on Thursday morning. The Shanghai Composite is down 0.97% at 3,272.72. Overall, the Singapore MSCI is up 0.03% at 291.80. Over in Hong Kong, the Hang Seng Index is down 1.25% at 20,636. In Japan, the Nikkei 225 is up 0.36% at 27,780.00, while the Topix index is up 0.21% at 1952.00. South Korea’s Kospi is up 0.93% at 2,409.16. Australia S&P/ASX 200 up 0.52% at 6794.30.

Top News of the Day:

U.S. stock futures were trading lower during Wednesday’s evening deals, after major benchmark indices extended their rally for the second consecutive session as market participants digest a deluge of corporate earnings results.

At 7:05pm ET (11:05pm GMT) Dow Jones Futures and S&P 500 Futures were down 0.3%, while Nasdaq 100 Futures fell 0.4%.

Market Summary as per 20/07/2022:

European equities Wednesday closing. The DAX futures contract in Germany traded down 0.20% at 13,281.98, CAC 40 futures up 0.12% at 6192.87 and the UK 100 futures contract in the U.K. up 0.07% at 7,268.50.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.15% at 31874.85. The S&P 500 up 0.59% at 3859.89 and the Nasdaq 100 up 1.55% at 12439.68, NYSE closes up 0.08% at 14778.46.

TECHNICAL SUMMARY​

GBPUSD

TRADE SUGGESTION- SELL AT 1.1940, TAKE PROFIT AT 1.1872 AND STOP LOSS AT 1.1989



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