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01 September 2022
Daily Analysis Report
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Asian Bulle n: Japanese yen hits lowest level since Sept 1998, Asian stock markets in red, gold hovers around $1,700 mark ahead of U.S. ISM Manufacturing PMI data
Key Headlines:
• Australia AIG Manufacturing Index stands at 49.3 vs 52.5 previous release.
• Australia private Capital Expenditure stands at -0.3 pct vs 0.4 pct previous release.
• China Caixin Manufacturing PMI stands at 49.5 vs 50.4 previous release.
• Japan Capital Spending stands at 4.6 pct vs 3.0 pct previous release.
• Japan Final Manufacturing PMI stands at 51.5 vs 51.0 previous release.
• U.S. regulators have selected e-commerce majors Alibaba Group Holding Ltd and JD.com Inc among other U.S.-listed Chinese companies for audit inspec on star ng next month,
people with knowledge of the ma er said – Reuters.
• U.S. stock index futures edged higher on Wednesday as technology and growth stocks snapped back, while investors waited for private payrolls data to gauge how fast the Federal
Reserve will raise interest rates to tame decades-high infla on – Reuters.
• Natural gas a few years ago was so unwanted that U.S. shale oil producers sold it at cost just to pump more oil. Today, prices are near 14-year highs, and new export terminals are
rising along with produc on forecasts – Reuters.
• Money supply data suggest that this driver of infla on is losing some steam, Czech Na onal Bank (CNB) Vice-Governor Eva Zamrazilova said on Wednesday – Reuters.
• Japan will step up surveillance of banks' risk control as interest rises abroad create latent losses in their foreign bond holdings, reflec ng concerns about the impact of U.S. monetary
ghtening on the country's financial system – Reuters.
• South Korea said on Wednesday it would consider seeking the annulment of an interna onal tribunal order to pay damages of $216.5 million plus interest to Lone Star Funds over
the U.S. private equity firm's sale of Korea Exchange Bank – Reuters.
• Colombia's le ist government will ask lawmakers to increase the 2023 budget by 10 trillion pesos ($2.28 billion) so it can up spending on social programs, Finance Minister Jose
Antonio Ocampo said on Tuesday – Reuters.
• Hungary central bank said on Tuesday that it would con nue its cycle of interest rate hikes with infla on risks on the rise – Reuters.
Key Economic Indicators Ahead:
• (0600 GMT/1130 IST) German Retail Sales, previous -1.6, expected -0.1.
• (0600 GMT/1130 IST) U.K. Na onwide HPI, previous 0.1, expected 0.1.
• (0630 GMT/1200 IST) Australia Commodity Prices, previous 14.1.
• (0630 GMT/1200 IST) Swiss CPI, previous 0.00, expected 0.2.
• (0630 GMT/1200 IST) Swiss Retail Sales, previous 1.2, expected 0.9.
• (0715 GMT/1245 IST) Spanish Manufacturing PMI, previous 48.7, expected 48.5.
• (0730 GMT/1300 IST) Swiss Manufacturing PMI, previous 58.0, expected 56.4.
• (0745 GMT/1315 IST) Italy Manufacturing PMI, previous 48.5, expected 48.0.
• (0750 GMT/1320 IST) France Manufacturing PMI, previous 49.0, expected 49.0.
• (0755 GMT/1325 IST) German Final Manufacturing PMI, previous 49.8, expected 49.8.
• (0800 GMT/1330 IST) Euro Final Manufacturing PMI, previous 49.7, expected 49.7.
• (0800 GMT/1330 IST) Italy Unemployment rate, previous 8.1, expected 8.1.
• (0830 GMT/1400 IST) U.K. Final Manufacturing PMI, previous 46, expected 46.0.
• (0900 GMT/1430 IST) Euro Unemployment Rate, Previous 6.6, expected 6.6.
• (1130 GMT/1700 IST) U.S. Challenger Job Cuts, previous 36.3.
• (1230 GMT/1800 IST) Canada Building Permits, previous -1.5, expected -0.3.
• (1230 GMT/1800 IST) U.S. Unemployment Claims Weekly, previous 243K, expected 250K.
• (1230 GMT/1800 IST) U.S. Revised Non Farm produc vity, previous -4.6, expected -4.3.
• (1330 GMT/1900 IST) Canada Manufacturing PMI, previous 52.5, expected 52.0.
• (1345 GMT/1915 IST) U.S. Final Manufacturing PMI, previous 51.3, expected 51.3.
• (1400 GMT/1930 IST) U.S. ISM Manufacturing PMI, previous 52.8, expected 52.1.
Economic Events Ahead:
• No key events 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 0.28 pct to 109.00 points.
AUD / USD
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
0.6840
R2 S2
0.6872
R3 S3
0.6890
R4
Commentary
S4
0.6922
Buy Above 0.6830
0.6858
0.6804
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.6789
0.6760
0.6820
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
AUD/USD: The Aussie remains slightly volatile in early Asia as Australia released key economic data
with flat to negative numbers. Today pair made intraday high at $0.6845 and low at $0.6804 mark. A
day chart and H1 chart with triple EMA suggest bearish trend for the time being. A sustained close
above $0.6840 on H1 chart requires for the upside rally. Alternatively, a consistent close below
$0.6799 will check further supports.
0.6790
0.6762
0.6737
0.6715
SEPTEMBER,
2022
BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.0050
R2 S2
1.0076
R3 S3
1.0099
R4
Commentary
S4
1.0122
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-
Time Frame: H1
EUR/USD: The euro remained highly volatile in previous session and currently stabilizes above
$1.0000 mark. Today’s European calendar will remain busy. The pair made intraday high at $1.0054
and low at $1.0010 mark. Today triple EMAon a day chart is down and H1 chart suggests bullish trend
for the time being. A consistent close above $1.0050 on H1 chart requires for the upside rally.
Alternatively, a sustained close below $0.9996 on H1 chart will check further supports.
EUR / USD
0.9996
0.9972
0.9948
0.9918
Buy Above 1.0040
1.0072
1.0014
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.9998
0.9962
1.0025
– Take Profit
– Stop Loss
Trade Idea
Trends Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above RSI LEVEL 50
SEPTEMBER,
2022
BUY SELL
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Technical Summary
H 1
FIBO Levels PIVOT
R1 S1
1.1596
R2 S2
1.1630
R3 S3
1.1655
R4
Commentary
S4
1.1678
Buy Above 1.1601
1.1640
1.1570
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.1558
1.1510
1.1585
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
GBP/USD: The sterling starts a new day on a lower note ahead of U.K.’s Final Manufacturing PMI
data and hovers around $1.1570 mark. Today pair made intraday high at $1.1596 and low at $1.1568
mark. A day chart and H1 chart with triple EMA suggest down trend for the time being. A sustained
close above $1.1596 on H1 chart will check key resistances. Alternatively, a consistent close below
$1.1562 will check further supports.
USD
1.1562
1.1530
1.1502
1.1480
GBP/
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
SEPTEMBER,
2022
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Technical Summary
Trends Up Trend
Moving Average (Period=75) Above MA
H 1
RSI (Period=26 Above RSI LEVEL 50
FIBO Levels PIVOT
R1 S1
1.3182
R2 S2
1.3199
R3 S3
1.3222
R4
Commentary
S4
1.3250
Buy Above 1.3176
1.3205
1.3140
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.3140
1.3111
1.3162
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
USD/CAD: The CAD falls gradually against U.S. dollar and remains well supported above 1.150 mark
ahead of Canada’s Manufacturing PMI data. Today the pair made intraday high at 1.3171 and low at
1.3118 mark. Today a day chart and H1 chart with triple EMA suggest up trend for the time being. A
sustained close above 1.3182 on H1 chart requires for the upside rally. Alternatively, a consistent
close below 1.3140 on H1 chart will check key supports too.
USD /CAD
1.3140
1.3112
1.3101
1.3080
SEPTEMBER,
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
139.68
R2 S2
139.96
R3 S3
140.26
R4
Commentary
S4
140.58
Buy Above 139.75
140.18
139.38
– Take Profit
– Stop Loss
Trade Idea
Sell Below 139.18
138.72
139.58
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
USD/JPY: The Japanese yen falls extremely against U.S. dollar despite robust Capital Spending and
Final Manufacturing PMI data and hits lowest level since Sept 1998. The pair made intraday high at
139.68 and low at 138.83 mark. The triple EMA on a day chart and H1 chart suggest bullish trend for
the time being.Asustained close above 139.68 on H1 chart requires for the upside rally.Alternatively,
a consistent close below 139.12 on H1 chart will check further key supports.
USD /JPY
139.12
138.82
138.65
138.30
SEPTEMBER,
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
1712
R2 S2
1718
R3 S3
1724
R4
Commentary
S4
1730
Buy Above 1709
1715
1701
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1700
1692
1706
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): Gold starts a new day on a lower note ahead of U.S. Final Manufacturing PMI
data and hovers around $1,700 mark. Today the pair made intraday high at $1,711 and low at $1,702
mark. Today a day chart and H1 chart with triple EMA suggest bearish trend for the time being. A
sustained close above $1,712 on H1 chart requires for the upside rally. Alternatively, a consistent
close below $1,698 on H1 chart will test further supports.
XAU [GOLD]
USD
/
1698
1692
1686
1680
SEPTEMBER,
2022
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