Get Daily Market Outlook for the Global and local financial update, Stock market News, Latest commodities market outlook | Capital Street Fx | Forex Time | Octafx | FXTM | Best Forex Brokers
WHAT HAPPENED: The Manufacturing Purchasing Managers’ Index (PMI) measures the activity level of purchasing managers in the manufacturing sector. A reading above 50 indicates expansion in the sector; below 50 indicates contraction.
GBPCAD is currently in the downward channel. Further downside can be seen in the coming week.
CB Consumer Confidence (Aug), U.S.
WHEN: WHAT IT HAD INFLUENCED:
30th AUGUST 2022 USD and its subsequent pairs
WHAT HAPPENED: Conference Board (CB) Consumer Confidence measures the level of consumer confidence in economic activity. It is a leading indicator as it can predict consumer spending, which plays a major role in overall economic activity. Higher readings point to higher consumer optimism.
USDSEK is currently in the upward channel. Further upside can be seen in the coming week.
Retail Sales (MoM) (Jul), AUSTRALIA
WHEN: WHAT IT HAD INFLUENCED:
28th AUGUST 2022 AUD and its subsequent pairs
WHAT HAPPENED: Retail Sales measure the change in the total value of inflation-adjusted sales at the retail level. It is the foremost indicator of consumer spending, which accounts for the majority of overall economic activity.
AUDUSD is currently in the downward channel. Further downside can be seen in the coming week.
Gold Down 3rd Week in Row as U.S. Jobs Suggest More Painful Fed Hikes
WHAT IT HAD INFLUENCED:
TOP COMMODITIES IN THE COMING WEEK
GOLD
GOLD is trading in the down channel; an downside will be seen in the coming days.
EURCHF TECHNICAL ANALYSIS: WEEKLY CHART In the weekly charts, EURCHF is trading in an upward channel. It is trading above MA (20) but below MA (50) and MA (100). RSI is in buying zone which indicates bullishness. MACD is currently trading below zero which indicates bearishness. The immediate support is at 1.02268 and the resistance level is at 1.05095 EURCHF is trading in an upward channel until there is a trend reversal. EURCHF TECHNICAL ANALYSIS: DAILY CHART CLICK HERE FOR FUL L REPORT
investors digested Fed Chair Powell’s comments ON INFLATION Asia-Pacific stocks were mostly down on Thursday morning. The Shanghai Composite is up 1.52% at 3,316.55. Overall, the Singapore MSCI is up 0.67% at 283.95. Over in Hong Kong, the Hang Seng Index is up 1.52% at 21,299. In Japan, the Nikkei 225 is up 0.08% at 26,120.00, while the Topix index is down 0.05% at 1849.00. South Korea’s Kospi is down 1.22% at 2,314.32. Australia S&P/ASX 200 up 0.31% at 6528.40. Top News of the Day: Wall Street’s main indexes ended with slim losses on Wednesday after choppy trading as energy shares weighed and investors digested Federal Reserve Chair Jerome Powell’s comments on the central bank’s aim to bring down inflation. After opening lower, major U.S. indexes had erased losses following Powell’s testimony before a Senate committee, but then they faded into the close. Market Summary as per 22/06/2022: European equities Wednesday closing. The DAX futures contract in Germany traded down 1....
RIPPLE TECHNICAL ANALYSIS: WEEKLY CHART In the weekly charts, RIPPLE 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 level is at 0.356220 and the resistance level is at 0.570195 RIPPLE is trading in a downward channel until there is a trend reversal. RIPPLE TECHNICAL ANALYSIS: DAILY CHART CLICK HERE FOR FULL REPORT
.png)
Comments
Post a Comment