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TECHNICAL ANALYSIS REPORT – 08 AUGUST 2022

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  ​ CPI DATA WILL RIDE THE MARKET THIS WEEK & IS SET TO RELEASE ON WED Asia-Pacific share markets were subdued on Monday. The Shanghai Composite is up 0.14% at 3,231.46. Overall, the Singapore MSCI is flat at 305.50. Over in Hong Kong, the Hang Seng Index is down 0.51% at 19,909.00. In Japan, the Nikkei 225 is up 0.25% at 28,240.00, while the Topix index is up 0.21% at 1951.00. South Korea’s Kospi is down 0.01% at 2,490.65. Australia S&P/ASX 200 up 0.13% at 7024.90. Top News of the Day: U.S. stock futures were trading lower during Sunday’s evening deals, with major benchmark averages coming off a positive week as stronger than expected earnings results continue to roll in. Ahead in the week, market participants will turn focus toward fresh CPI data set for release on Wednesday, which is expected to slow amid falling gasoline prices. Headline CPI is expected to dip to 8.7% in July from a 40-year high of 9.1% in the previous month. Market Summary as per 05/08/2022: European e...

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GOLD IN THE NEXT 5 YEARS: WILL IT RISE OR FALL

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  In the past, people have flocked to gold as a safe haven asset during periods of economic instability and currency depreciation, making it likely that demand and price would rise over the next five years. Inflation: The fundamental factors that drive inflation are all present and accounted for, including supply chain problems, manufacturing concerns, a large amount of money from the Fed that hasn’t yet impacted the economy, and growing food costs. As a result, high inflation appears to have no end in sight. In contrast, the Fed’s modest interest rate increases of 0.50 and 0.75 basis points pale in comparison to the current inflation rate of 8.6 %, suggesting that inflation may become even more out of control. The US inflation rate is at 8.6%, up from 8.3 % in April. High inflation rates in the past have caused the price of gold to rise quickly. Inflation was increasing quickly in the 1970s and up until 1980, and the price of gold increased by more than 2,000 %. The price of gold ...

TECHNICAL ANALYSIS WITH CANDLESTICK CHARTS – 09 MARCH 2022

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Asia Pacific stocks were mostly down on Wednesday morning. The Shanghai composite is down 1.16% at 3,255.43. Overall, the Singapore MSCI up 1.69% at 300.55. Over in Hong Kong, the Hang Seng Index down 1.97% at 20,447.00. In Japan, the Nikkei 225 up 0.24% at 24,750.00, while the Topix index is up 0.14% at 1761.50. South Korea’s Kospi down 1.09% to 2622.40. Australia S&P/ASX 200 up 1.04% at 7053.00. European equities Tuesday closing. The DAX futures contract in Germany traded down 0.02% at 12831.51, CAC 40 futures down 0.32% at 5962.97 and the UK 100 futures contract in the U.K. up 0.07% at 6,964.10. In U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.56% at 32632.65. The S&P 500 down 0.72% at 4170.69 and the Nasdaq 100 down 0.39% at 13267.61, NYSE closes down 0.52% at 15625.93. In the Forex market, GBPUSD up 0.11% at 1.3114. The USDJPY up 0.16% at 115.810. The USDCHF down 0.01% at 0.9275. EURUSD up 0.17% at 1.0914, EUR/GBP up 0.06% at 0.8322. The USD/CNY up 0....

GLOBAL PHARMACEUTICAL COMPANIES PLEDGE SUPPORT FOR UKRAINE’S HEALTHCARE SYSTEM

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Video source: YouTube, CBC News: The National At least a dozen of the world's largest pharmaceutical companies have publicly broadcast their support of Ukraine's healthcare system amid the continued barrage of Russian attacks. The eight-year-long conflict in eastern Ukraine had already left three million people in desperate need of humanitarian assistance. The latest attack ordered by Putin has only exacerbated the crisis, creating even more vulnerable populations among civilians.  Pharmaceutical companies' efforts Companies that have made tangible recent contributions include: AstraZeneca , which has donated $1 million via Project HOPE and International Medical Corps. Bristol Myers Squibb , which has donated $200,000 through its Foundation to Save the Children and International Rescue Committee. Lilly, which has donated $7.5 million of insulin to Project HOPE. Novo Nordisk Foundation , which has donated over $8 million to the support effort. Pfizer , which has ...

FREE TRADE SIGNAL AS ON 20-01-2022

  EURAUD SELL = 1.5701 TARGET= 1.5667 SL= 1.5750                                                                          NATURAL GAS SELL = 3.997 TARGET= 3.896 SL= 4.187                                                                 INTEL CORP. SELL = 53.57 TARGET= 52.07 SL= 54.71   ETHER...

DAILY TRADE SIGNALS BY CAPITAL STREET FX

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  USDNOK BUY = 9.0597 TARGET= 9.1249 SL= 8.9284                                                                          NATURAL GAS SELL = 3.763 TARGET= 3.624 SL= 3.914                                                                 BAYER AG BUY = 46.64 TARGET= 47.84 SL= 46.14   BTC USD ...