TECHNICAL ANALYSIS REPORT ON FOREX, STOCKS, CRYPTO AND COMMODITY

 

RUSSIA’S PARTICIPATION IN THE OPEC+ PRODUCTION DEAL?

 Asia-Pacific stocks were up on Wednesday morning. The Shanghai Composite is down 0.40% at 3,173.80. Overall, the Singapore MSCI is up 0.13% at 300.70. Over in Hong Kong, the Hang Seng Index is down 1.28% at 21,121. In Japan, the Nikkei 225 is up 0.88% at 27,500.00, while the Topix index is up 1.68% at 1941.00. South Korea’s Kospi is up 0.61% at 2685.90. Australia S&P/ASX 200 up 0.32% at 7234.00.

Top News of the Day:

Wall Street’s three major indexes closed lower on Tuesday, following a rally last week, as volatile oil markets kept soaring inflation in focus and investors reacted to hawkish comments from a Federal Reserve official.

After outperforming earlier in the session, the S&P’s energy sector lost ground after a report that some producers were exploring the idea of suspending Russia’s participation in the OPEC+ production deal.

Market Summary as per 31/05/2022:

European equities Tuesday closing. The DAX futures contract in Germany traded down 1.29% at 14,388.35, CAC 40 futures down 1.43% at 6468.79 and the UK 100 futures contract in the U.K. up 0.10% at 7,607.67.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.67% at 32990.13. The S&P 500 down 0.63% at 4132.56 and the Nasdaq 100 down 0.31% at 12642.10, NYSE closes down 0.72% at 15827.04.

TECHNICAL SUMMARY

GBPUSD

TRADE SUGGESTION- SELL AT 1.2601, TAKE PROFIT AT 1.2547 AND STOP LOSS AT 1.2652

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