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14 June 2022
Daily Analysis Report
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Asian Bulle n: Sterling Slightly higher ahead of U.K.’s Jobless Claims data, Asian stock markets in red, gold stabilizes below $1,830 mark
Key Headlines:
• New Zealand FPI stands at 0.7 pct vs 0.1 pct previous release.
• Australia NAB Business Confidence stands at 6 vs 10 previous release.
• The safe-haven dollar gained towards new two-decade highs versus major rival currencies on Monday, supported by fears of a global economic slowdown and bets on steep interest
rate hikes by the U.S. Federal Reserve – Reuters.
• Striking South Korean truckers are considering blocking shipments of coal to a power plant if the government rejects their demands for minimum pay guarantees, a senior trade
union official said on Monday - Reuters.
• Two-year Treasury yields rose above 10-year borrowing costs, the curve inversion that o en heralds economic recession, on expecta ons interest rates may rise faster and further
than expected – Reuters.
• The global adver sing industry is expected to grow 8.4% this year, despite ongoing geopoli cal situa ons around the world and fears of a recession, a report on the sector said on
Monday – Reuters.
• South Korean industries, including auto, steel, petrochemical and cement, face accumulated losses worth about 1.6 trillion won ($1.24 billion) as of Sunday due to the ongoing
trucker strike, the country's industry ministry said on Monday – Reuters.
• The Bank of England will raise interest rates in June by a modest 25 basis points and s ck to those increments in coming mee ngs despite infla on running close to double-digits, a
Reuters poll of economists found – Reuters.
• NASA wants Elon Musk's SpaceX to ensure its plan to launch its next-genera on Starship rocket from Florida would not put at risk nearby launch infrastructure cri cal to the
Interna onal Space Sta on, a senior space agency official told Reuters – Reuters.
• Britain's biggest domes c bank Lloyds told staff on Monday it would give the vast majority of them a one-off 1,000 pound ($1,220) payment to help combat the soaring cost of living
– Reuters.
• The value of the cryptocurrency market on Monday fell below $1 trillion for the first me since January 2021, according to data site CoinMarketCap, reaching as low as $926 billion –
Reuters.
• The Bank of England said on Monday that it would remove a post-COVID capital buffer adjustment now that risks from the pandemic had subsided – Reuters.
• Two new subvariants of Omicron, BA.4 and BA.5, are spreading more quickly than other corovanirus variants in Europe, which could lead to more hospitalisa ons and deaths as they
become dominant,the EU's disease preven on agency said on Monday – Reuters.
• Canada has approved Amylyx Pharmaceu cals' treatment for amyotrophic lateral sclerosis (ALS), a neurodegenera ve disease, the drugmaker said on Monday, the first such
approval for the oral drug – Reuters.
• Indonesia will this week launch a na onwide livestock vaccina on programme, its agriculture ministry said on Monday, as the number of ca le infected with foot and mouth disease
surged to more than 151,000 – Reuters.
Key Economic Indicators Ahead:
• (0600 GMT/1130 IST) German Final CPI, previous 0.9, expected 0.9.
• (0600 GMT/1130 IST) German WPI, previous 2.1, expected 2.2.
• (0600 GMT/1130 IST) U.K. Claimant Count Change, previous -56.9K, expected -40.3K.
• (0600 GMT/1130 IST) U.K. Unemployment rate, previous 3.7, expected 3.6.
• (0600 GMT/1130 IST) U.K. Average earnings index, previous 7.0, expected 7.2.
• (0900 GMT/1430 IST) Euro ZEW Economic Sen ment, previous-29.5, expected-24.5.
• (0900 GMT/1430 IST) German ZEW Economic Sen ment, previous -34.3, expected -26.9.
• (1230 GMT/1800 IST) U.S.PPI, previous 0.5, expected 0.8.
• (1230 GMT/1800 IST) U.S. Core PPI, previous 0.4, expected 0.6.
• (1230 GMT/1800 IST) Canada Manufacturing Sales, previous 2.5, expected 2.1.
Economic Events Ahead:
• No Key event scheduled for the day.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched up 0.05% to 105.13 points.
AUD / USD
BUY SELL
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Technical Summary
Trend Up Trend
Moving Average (Period=75) Above MA
H 1
RSI (Period=26) Above RSI LEVEL 50
FIBO Levels PIVOT
R1 S1
0.6970
R2 S2
0.6997
R3 S3
0.7015
R4
Commentary
S4
0.7030
Buy Above 0.6971
0.7002
0.6942
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.6922
0.6889
0.6952
– Take Profit
– Stop Loss
Trade Idea
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analysis@tpglobalfx.com
-
Time Frame: H1
AUD/USD: The Aussie appreciates during Asian hours and remains well supported above $0.6950
mark. Today pair made intraday high at $0.6960 and low at $0.6918 mark. A day chart and H1 chart
with triple EMA suggest down trend for the time being. A sustained close above $0.6970 on H1 chart
requires for the upside rally. Alternatively, a consistent close below $0.6920 will check further
supports.
0.6918
0.6889
0.6862
0.6847
JUNE,
2022
BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.0450
R2 S2
1.0476
R3 S3
1.0499
R4
Commentary
S4
1.0526
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-
Time Frame: H1
EUR/USD: The euro trades marginally higher ahead of German Final CPI and ZEW Economic
Sentiment data. The pair made intraday high at $1.0433 and low at $1.0396 mark. Today triple EMA
on a day chart and H1 chart suggest down trend for the time being.Aconsistent close above $1.0450
on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.0400 on H1 chart
will check further supports.
EUR / USD
1.0400
1.0384
1.0365
1.0330
Buy Above 1.0452
1.0480
1.0420
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.0391
1.0360
1.0427
– Take Profit
– Stop Loss
Trade Idea
Trends Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above RSI LEVEL 50
JUNE,
2022
BUY SELL
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Technical Summary
H 1
FIBO Levels PIVOT
R1 S1
1.2205
R2 S2
1.2226
R3 S3
1.2252
R4
Commentary
S4
1.2272
Buy Above 1.2206
1.2242
1.2170
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2148
1.2112
1.2176
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
GBP/USD: The sterling rises on Tuesday ahead of U.K.’s Jobless Claims data and stabilizes below
$1.2200 mark. Today pair made intraday high at $1.2195 and low at $1.2121 mark. A day chart and
H1 chart with triple EMA suggest down trend for the time being. A sustained close above $1.2205 on
H1 chart will check key resistances.Alternatively, a consistent close below $1.2150 will check further
supports.
USD
1.2150
1.2121
1.2105
1.2082
GBP/
Trends Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above RSI LEVEL 50
JUNE,
2022
BUY SELL
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Technical Summary
Trends Down Trend
Moving Average (Period=75) Below MA
H 1
RSI (Period=26 Below RSI LEVEL 50
FIBO Levels PIVOT
R1 S1
1.2915
R2 S2
1.2940
R3 S3
1.2972
R4
Commentary
S4
1.2999
Buy Above 1.2898
1.2927
1.2865
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2855
1.2815
1.2880
– Take Profit
– Stop Loss
Trade Idea
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analysis@tpglobalfx.com
-
Time Frame: H1
USD/CAD: The CAD recovers slightly from previous losses and remains well supported below 1.2900
mark ahead of Canada’s Manufacturing Sales data. Today the pair made intraday high at 1.2900 and
low at 1.2867 mark. Today a day chart and H1 chart with triple EMA suggest bullish trend for the time
being. A sustained close above 1.2898 on H1 chart requires for the upside rally. Alternatively, a
consistent close below 1.2855 on H1 chart will check key supports too.
USD /CAD
1.2855
1.2830
1.2812
1.2800
JUNE,
2022
BUY SELL
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Technical Summary
Trend Up Trend
Moving Average (Period=75) Above MA
H 1
RSI (Period=26) Above RSI LEVEL 50
FIBO Levels PIVOT
R1 S1
135.22
R2 S2
135.55
R3 S3
135.78
R4
Commentary
S4
136.05
Buy Above 135.00
135.37
135.65
– Take Profit
– Stop Loss
Trade Idea
Sell Below 133.87
133.33
134.52
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
USD/JPY: The Japanese yen continues to trade lower on Tuesday and stabilizes around 134.50
mark. The pair made intraday high at 134.81 and low at 133.87 mark. The triple EMA on a day chart
and H1 chart suggest bullish trend for the time being. A sustained close above 135.02 on H1 chart
requires for the upside rally. Alternatively, a consistent close below 134.00 on H1 chart will check
further key supports.
USD /JPY
133.87
133.61
133.40
133.12
JUNE,
2022
BUY SELL
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Technical Summary
Trend Down Trend
Moving Average (Period=75) Below MA
H 1
RSI (Period=26) Below RSI LEVEL 50
FIBO Levels PIVOT
R1 S1
1832
R2 S2
1837
R3 S3
1842
R4
Commentary
S4
1848
Buy Above 1832
1837
1826
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1822
1816
1828
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): Gold remained highly volatile in previous session and currently stabilizes below
$1,830 mark ahead of U.S. PPI, Core PPI data. The pair made intraday high at $1,828 and low at
$1,812 mark. A day chart and H1 chart with triple EMA suggest bearish trend for the time being. A
sustained close above $1,832 on H1 chart requires for the upside rally. Alternatively, a consistent
close below $1,818 on H1 chart will test further supports.
XAU [GOLD]
USD
/
1818
1812
1806
1801
JUNE,
2022
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you!
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