Daily Technical Analysis Report Today By Capital Street Fx

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TECHNICAL ANALYSIS REPORT, ECONOMIC NEWS & PRICE CHART – 17 MAY 2022​

ECONOMIC ANXIETIES INCREASE, YIELDS FALL & EQUITIES SUFFER​

Asia-Pacific stocks were mostly up on Tuesday morning. The Shanghai Composite is up 0.47% at 3,088.00. Overall, the Singapore MSCI is down 0.44% at 292.45. Over in Hong Kong, the Hang Seng Index is up 2.64% at 20,446. In Japan, the Nikkei 225 is up 0.57% at 26,630.00, while the Topix index is up 0.22% at 1863.00. South Korea’s Kospi is up 0.92% at 2620.44. Australia S&P/ASX 200 up 0.27% at 7112.50.

Top News of the Day:

U.S. stocks closed mixed on Monday as downbeat Chinese and New York state data kindled recession fears, but the 10-year Treasury note’s yield staying firmly under 3% spurred hopes the Federal Reserve will prudently hike interest rate hikes.

Chinese retail and factory activity fell sharply in April as COVID-19 lockdowns severely disrupted supply chains while New York’s factory output slumped in May for the third time this year amid a collapse in new orders and shipments.

Market Summary as per 16/05/2022:

European equities Monday closing. The DAX futures contract in Germany traded down 0.45% at 13,964.38, CAC 40 futures down 0.23% at 6347.78 and the UK 100 futures contract in the U.K. up 0.30% at 7,486.10.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.08% at 32223.43. The S&P 500 down 0.39% at 4008.02 and the Nasdaq 100 down 1.16% at 12243.58, NYSE closes up 0.02% at 15259.81.

TECHNICAL SUMMARY​

GBPUSD

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TECHNICAL ANALYSIS REPORT, ECONOMIC NEWS & PRICE CHART – 18 MAY 2022​

WALL STREET HAS BEEN LIFTED BY STRONG RETAIL SALES IN APRIL​

Asia Pacific stocks were mostly up on Wednesday morning. The Shanghai Composite is up 0.05% at 3,095.77. Overall, the Singapore MSCI is up 2.53% at 300.15. Over in Hong Kong, the Hang Seng Index is down 0.20% at 20,536. In Japan, the Nikkei 225 is up 0.86% at 26,860.00, while the Topix index is up 0.99% at 1881.50. South Korea’s Kospi is up 0.21% at 2625.98. Australia S&P/ASX 200 up 0.99% at 7182.70.

Top News of the Day:

Wall Street finished sharply higher on Tuesday, lifted by Apple, Tesla (NASDAQ:TSLA) and other mega cap growth stocks after strong retail sales in April eased worries about slowing economic growth.

Ten of the 11 major S&P sector indexes advanced, with financials, materials, consumer discretionary and technology all gaining more than 2%. Investors were cheered by data showing U.S. retail sales increased 0.9% in April as consumers bought motor vehicles amid an improvement in supply and frequented restaurants.

Market Summary as per 17/05/2022:

European equities Tuesday closing. The DAX futures contract in Germany traded up 1.59% at 14,185.94, CAC 40 futures up 1.30% at 6430.20 and the UK 100 futures contract in the U.K. up 0.72% at 7,518.36.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed up 1.34% at 32654.60. The S&P 500 up 2.02% at 4088.84 and the Nasdaq 100 up 2.62% at 12564.10, NYSE closes up 1.85% at 15541.91.

TECHNICAL SUMMARY​

GBPUSD

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TECHNICAL ANALYSIS REPORT, ECONOMIC NEWS & PRICE CHART – 19 MAY 2022

THE DOW JONES HAS DROPPED TO ITS LOWEST LEVEL SINCE 2020

Asia-Pacific stocks were down on Thursday morning. The Shanghai Composite is up 0.22% at 3,092.37. Overall, the Singapore MSCI is down 1.81% at 293.40. Over in Hong Kong, the Hang Seng Index is down 2.17% at 20,048. In Japan, the Nikkei 225 is down 1.82% at 26,370.00, while the Topix index is down 1.25% at 1858.00. South Korea’s Kospi is down 1.28% at 2592.34. Australia S&P/ASX 200 down 1.65% at 7064.50.
Top News of the Day:

The Dow slumped Wednesday, as a selloff in tech and a plunge in Target’s following weaker-than-expected quarterly results triggered a selloff in retailers that pushed stocks to their biggest one-day loss since 2020.
The Dow Jones Industrial Average slipped 3.6%, or 1,162 points, its biggest one-day loss since 2020. The S&P 500 fell 3.9%, and Nasdaq fell 4.7%, down more than 26% on the year.
Market Summary as per 18/05/2022:

European equities Wednesday closing. The DAX futures contract in Germany traded down 1.26% at 14,007.76, CAC 40 futures down 1.23% at 6275.11 and the UK 100 futures contract in the U.K. down 0.81% at 7,377.26.
In the U.S. on Wall Street, the Dow Jones Industrial Average closed down 3.57% at 31490.08. The S&P 500 down 4.04% at 3923.67 and the Nasdaq 100 down 5.06% at 11928.31, NYSE closes down 3.20% at 15044.52.

TECHNICAL SUMMARY​

GBPUSD

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TECHNICAL ANALYSIS REPORT, ECONOMIC NEWS & PRICE CHART – 23 MAY 2022


AFTER AN 8-WEEK DECLINE, DOW FUTURES ARE UP

Asia-Pacific stocks were mostly down on Monday morning. The Shanghai Composite is down 0.09% at 3,143.60. Overall, the Singapore MSCI is down 0.25% at 299.75. Over in Hong Kong, the Hang Seng Index is down 0.97% at 20,413. In Japan, the Nikkei 225 is up 0.93% at 27,020.00, while the Topix index is up 0.82% at 1896.00. South Korea’s Kospi is up 0.31% at 2647.38. Australia S&P/ASX 200 up 0.05% at 7148.90.

Top News of the Day:

U.S. stock futures moved higher in Sunday’s evening deals after major benchmark indices finished the week lower amid a broad market sell-off as stubbornly high inflation and tightening central bank policies soured risk appetite.
Investors are looking toward major retail companies as corporate earnings continue this week. Reporting companies include Costco Wholesale Corp (NASDAQ:COST), Macy’s Inc (NYSE:M), Nordstrom Inc (NYSE:JWN), Best Buy Co Inc (NYSE:BBY), Zoom Video Communications Inc (NASDAQ:ZM) and NVIDIA Corporation (NASDAQ:NVDA).

Market Summary as per 20/05/2022:

European equities Friday closing. The DAX futures contract in Germany traded up 0.72% at 13,981.91, CAC 40 futures up 0.20% at 6285.25 and the UK 100 futures contract in the U.K. up 1.19% at 7,389.99.
In the U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.03% at 31261.91. The S&P 500 up 0.01% at 3901.35 and the Nasdaq 100 down 0.34% at 11835.62, NYSE closes up 0.30% at 15080.97.

TECHNICAL SUMMARY

GBPUSD

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STOCK MARKET: ROYAL DUTCH SHELL PRICE CHART, ANALYSIS AND TRADE 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 21.32 & 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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TECHNICAL ANALYSIS REPORT, ECONOMIC NEWS & PRICE CHART – 25 MAY 2022​

THE STOCK MARKET’S TWO-DAY RELIEF BOUNCE HAS FINISHED​

Asia Pacific stocks were mostly down on Wednesday morning. The Shanghai Composite is down 2.41% at 3,070.92. Overall, the Singapore MSCI is down 0.29% at 293.05. Over in Hong Kong, the Hang Seng Index is down 0.71% at 19,972. In Japan, the Nikkei 225 is down 0.56% at 26,590.00, while the Topix index is down 0.59% at 1867.50. South Korea’s Kospi is up 0.49% at 2618.75. Australia S&P/ASX 200 up 0.29% at 7149.80.

Top News of the Day:

Shares slid worldwide on Tuesday as supply chain woes and surging costs hurt corporate earnings and manufacturing output slowed, while Treasury yields dipped as the weakness in equities revived a safe-haven bid for U.S. government debt.

The stock market’s two-day relief rally ended as investors worried about slowing economies. Corporate profit margins have been squeezed, with soaring inflation forcing consumers to cut discretionary spending.

Market Summary as per 24/05/2022:

European equities Tuesday closing. The DAX futures contract in Germany traded down 1.80% at 13,919.75, CAC 40 futures down 1.66% at 6253.15 and the UK 100 futures contract in the U.K. up 0.22% at 7,534.00.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.15% at 31928.63. The S&P 500 down 0.81% at 3941.49 and the Nasdaq 100 down 2.20% at 11769.84, NYSE closes down 0.34% at 15290.38.

TECHNICAL SUMMARY​

GBPUSD

TRADE SUGGESTION- BUY AT 1.2518, TAKE PROFIT AT 1.2598 AND STOP LOSS AT 1.2469

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TECHNICAL ANALYSIS REPORT ON FOREX, STOCKS, CRYPTO AND COMMODITY – 26 MAY​

As the Fed Minutes Meet Expectations, Wall Street Rallies

Asia Pacific stocks were mostly down on Thursday morning. The Shanghai Composite is up 0.59% at 3,125.88. Overall, the Singapore MSCI is up 1.50% at 294.40. Over in Hong Kong, the Hang Seng Index is down 0.41% at 20,042. In Japan, the Nikkei 225 is down 0.11% at 26,650.00, while the Topix index is up 0.11% at 1879.50. South Korea’s Kospi is down 0.27% at 2610.09. Australia S&P/ASX 200 down 0.52% at 7118.20.

TOP NEWS OF THE DAY:​

Wall Street closed higher Wednesday, boosted after minutes from the Federal Reserve’s latest monetary policy meeting showed policymakers unanimously felt the U.S. economy was very strong as they grappled with reining in inflation without triggering a recession.

The minutes from the Federal Open Market Committee’s May meeting, which culminated in a 50-basis-point hike in the Fed funds target rate – the biggest jump in 22 years – showed most of the committee’s members judged that further such rate hikes would “likely be appropriate” at its upcoming June and July meetings.

Market Summary as per 25/05/2022:

European equities Wednesday closing. The DAX futures contract in Germany traded up 0.63% at 14,007.93, CAC 40 futures up 0.73% at 6298.65 and the UK 100 futures contract in the U.K. up 0.51% at 7,522.74.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.60% at 32120.29. The S&P 500 up 0.95% at 3978.74 and the Nasdaq 100 up 1.48% at 11943.93, NYSE closes up 0.80% at 15412.19.

TECHNICAL SUMMARY​

GBPUSD

TRADE SUGGESTION- BUY AT 1.2566, TAKE PROFIT AT 1.2598 AND STOP LOSS AT 1.2547

EURUSD

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TECHNICAL ANALYSIS REPORT ON FOREX, STOCKS, CRYPTO AND COMMODITY – 27 MAY​

Wall Street Jumps on Retailer Outlook Hikes

Asia-Pacific stocks were up on Friday morning. The Shanghai Composite is up 0.23% at 3,130.23. Overall, the Singapore MSCI is up 0.86% at 297.60. Over in Hong Kong, the Hang Seng Index is up 2.65% at 20,586. In Japan, the Nikkei 225 is up 0.75% at 26,810.00, while the Topix index is up 0.59% at 1889.00. South Korea’s Kospi is up 0.98% at 2638.05. Australia S&P/ASX 200 up 1.08% at 7182.70.

Top News of the Day:

Wall Street closed sharply higher on Thursday after optimistic retail earnings outlooks and waning concerns about overly aggressive interest rate hikes by the Federal Reserve put investors in a buying mood.

All three major U.S. stock indexes posted solid gains, with economically sensitive consumer discretionary and microchip stocks beating the broader market.

Market Summary as per 26/05/2022:

European equities Thursday closing. The DAX futures contract in Germany traded up 0.47% at 14,298.52, CAC 40 futures up 0.36% at 6433.53 and the UK 100 futures contract in the U.K. down 0.24% at 7,546.90.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed up 1.61% at 32637.20. The S&P 500 up 1.99% at 4057.85 and the Nasdaq 100 up 2.79% at 12276.79, NYSE closes up 1.63% at 15663.99.

TECHNICAL SUMMARY​

GBPUSD

TRADE SUGGESTION- BUY AT 1.2617, TAKE PROFIT AT 1.2636, AND STOP-LOSS AT 1.2596

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TECHNICAL ANALYSIS REPORT ON FOREX, STOCKS, CRYPTO AND COMMODITY – 30 MAY​

Unemployment Rate is Expected to Tick Down to 3.5%​

Asia Pacific stocks were up on Monday morning. The Shanghai Composite is up 0.47% at 3,144.93. Overall, the Singapore MSCI is up 0.40% at 299.50. Over in Hong Kong, the Hang Seng Index is up 0.69% at 20,894. In Japan, the Nikkei 225 is up 2.20% at 27,390.00, while the Topix index is up 1.88% at 1924.50. South Korea’s Kospi is up 1.19% at 2669.50. Australia S&P/ASX 200 up 1.34% at 7279.00.

Top News of the Day:​

Friday’s nonfarm payrolls data for May is expected to show that the labour market remains robust, with economists expecting the economy to have added 320,000 jobs in May, slowing from 428,000 in April. While still firm it would represent the smallest jobs growth in around a year.

Wage growth is expected to remain solid amid a shortage of workers and the unemployment rate is expected to tick down to 3.5%.

Market Summary as per 27/05/2022:​

European equities Friday closing. The DAX futures contract in Germany traded up 1.62% at 14,462.19, CAC 40 futures up 1.64% at 6515.76 and the UK 100 futures contract in the U.K. up 0.27% at 7,585.47.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed up 1.76% at 33212.97. The S&P 500 up 2.47% at 4158.23 and the Nasdaq 100 up 3.30% at 12681.42, NYSE closes up 1.78% at 15942.62.

TECHNICAL SUMMARY​

GBPUSD

TRADE SUGGESTION- BUY AT 1.2637, TAKE PROFIT AT 1.2651 AND STOP LOSS AT 1.2625

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TECHNICAL ANALYSIS REPORT ON FOREX, STOCKS, CRYPTO, AND COMMODITY – 31 MAY​

Fed’s Waller Backs 50 bps Rate Hikes

Asia-Pacific stocks were mostly up on Tuesday morning. The Shanghai Composite is up 1.19% at 3,186.42. Overall, the Singapore MSCI is up 0.98% at 302.55. Over in Hong Kong, the Hang Seng Index is up 0.87% at 21,174. In Japan, the Nikkei 225 is down 0.51% at 27,260.00, while the Topix index is down 0.75% at 1909.00. South Korea’s Kospi is up 0.61% at 2685.90. Australia S&P/ASX 200 down 1.03% at 7211.20.

Top News of the Day:

The U.S. Federal Reserve should be prepared to raise interest rates by a half percentage point at every meeting from now on until inflation is decisively curbed, Fed Governor Christopher Waller said on Monday, underscoring tensions at the central bank about how aggressively to tighten policy as it battles to bring down high inflation.

Market Summary as per 30/05/2022:

European equities Monday closing. The DAX futures contract in Germany traded down 0.50% at 14,502.77, CAC 40 futures down 0.58% at 6524.61 and the UK 100 futures contract in the U.K. up 0.14% at 7,610.91.

In the U.S. on Wall Street, the Dow Jones Industrial Average closed up 1.76% at 33212.97. The S&P 500 up 2.47% at 4158.23 and the Nasdaq 100 up 3.30% at 12681.42, NYSE closes up 1.78% at 15942.62.

TECHNICAL SUMMARY​

GBPUSD

TRADE SUGGESTION- SELL AT 1.2608, TAKE PROFIT AT 1.2565 AND STOP LOSS AT 1.2655

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