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02 September 2022
Daily Analysis Report
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Asian Bulle n: Japanese yen hits lowest level since Aug 1998, most Asian stock markets in red, gold hovers around $1,700 mark
Key Headlines:
• New Zealand Overseas Trade Index stands at -2.4 pct vs 0.6 pct previous release.
• Japan Monetary base stands at 0.4 pct vs 2.8 pct previous release.
• Peru's consumer prices rose 0.67% in August, the government said on Thursday, slowing down from the previous two months as the Andean country faces soaring fuel and food
prices – Reuters.
• A U.S. order to ban exports of some advanced chips to China is likely to hit almost any major tech company running public clouds or advanced ar ficial intelligence training modules
in the country, experts said – Reuters.
• The Kremlin accused the European Union on Thursday of pu ng up barriers to the Russian energy firm Gazprom's opera ons, as Russia's gas exports decline and the crucial Nord
Stream 1 gas pipeline is closed for maintenance – Reuters.
• Futures ed to U.S. stocks on Thursday started September on a dour note as weak factory ac vity surveys from Europe and Asia amplified fears of a global economic slowdown –
Reuters.
• The Turkish central bank's net interna onal reserves fell $1.26 billion to $12.62 billion in the week to Aug. 26, central bank data showed on Thursday – Reuters.
• Standard Chartered and FairPrice Group on Thursday rolled out their digital bank focusing on Singapore's retail segment, a move that comes on the heels of digital bank launches by
GXS Bank and China's Ant Group in the affluent city-state – Reuters.
• Zambia won Interna onal Monetary Fund approval for a $1.3 billion, 38-month loan program on Wednesday, a crucial step in the southern African country's quest to restructure its
debts and rebuild an economy ravaged by mismanagement and COVID-19 – Reuters.
• A new index that measures distress in the U.S. corporate bond markets showed a slight improvement in August, data released on Wednesday showed, sugges ng an up ck in
investor sen ment heading into U.S. Federal Reserve Chair Jerome Powell's Jackson Hole speech on Aug. 26 – Reuters.
• The Hungarian central bank's new discount bills will also be available to non-resident investors on the secondary market, the Na onal Bank of Hungary said on Wednesday in an
emailed reply to Reuters ques ons – Reuters.
• The White House on Thursday said Americans have increased requests for at-home COVID-19 tests as the federal government prepares to stop providing free tests on Friday –
Reuters.
• The European Medicines Agency (EMA) on Thursday backed the use of Novavax's COVID-19 shot as a booster for adults, ahead of an an cipated rise in infec ons this winter –
Reuters.
• Canada on Thursday authorized Moderna Inc's bivalent COVID-19 shots for adults, adding the first Omicron-adapted vaccine to its arsenal just as falling temperatures are poised to
force people indoors where the risk of infec on is higher – Reuters.
• Germany can next week start using COVID-19 vaccines which have been adapted for the Omicron variant and got approval for use in the European Union on Thursday, Health
Minister Karl Lauterbach said – Reuters.
• Johnson & Johnson has agreed to pay $40.5 million to se le New Hampshire's claims over the company's role in the U.S. opioid epidemic, aver ng a trial that had been scheduled to
begin next week – Reuters.
• The European Union's drug regulator on Thursday backed two separate COVID-19 vaccine boosters updated to target the Omicron variant, ahead of an an cipated rise in infec ons
this winter – Reuters.
Key Economic Indicators Ahead:
• (0600 GMT/1130 IST) German Trade balance, previous 6.4B, expected 4.6B.
• (0645 GMT/1215 IST) France Govt Budget Balance, previous -76.1B.
• (0700 GMT/1230 IST) Spain Unemployment Change, previous 3.2K, expected 4.6K.
• (0900 GMT/1430 IST) Euro PPI, previous 1.1, expected 2.5.
• (1230 GMT/1800 IST) U.S. NFP Employment Change, previous 528K, expected 295K.
• (1230 GMT/1800 IST) U.S. Unemployment Rate, previous 3.5, expected 3.5.
• (1400 GMT/1930 IST) U.S. Factory Orders, previous 2.0, expected 0.2.
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 down 0.11 pct to 109.57 points. Yesterday pair hit highest level since June 2002.
3. 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
0.6812
R2 S2
0.6840
R3 S3
0.6872
R4
Commentary
S4
0.6890
Buy Above 0.6805
0.6830
0.6781
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.6770
0.6732
0.6796
– Take Profit
– Stop Loss
Trade Idea
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analysis@tpglobalfx.com
-
Time Frame: H1
AUD/USD: The Aussie trades almost flat on Friday and hovers around $0.6790 mark. Today pair
made intraday high at $0.6800 and low at $0.6782 mark. A day chart and H1 chart with triple EMA
suggest bearish trend for the time being.Asustained close above $0.6812 on H1 chart requires for the
upside rally.Alternatively, a consistent close below $0.6772 will check further supports.
0.6772
0.6750
0.6722
0.6701
SEPTEMBER,
2022
4. BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
0.9978
R2 S2
0.9999
R3 S3
1.0024
R4
Commentary
S4
1.0050
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-
Time Frame: H1
EUR/USD: The euro fell sharply in previous session and takes halt around $0.9910 mark. The pair
made intraday high at $0.9964 and low at $0.9942 mark. Today triple EMAon a day chart and H1 chart
suggest bearish trend for the time being. A consistent close above $0.9978 on H1 chart requires for
the upside rally. Alternatively, a sustained close below $0.9930 on H1 chart will check further
supports.
EUR / USD
0.9930
0.9904
0.9881
0.9850
Buy Above 0.9981
1.0012
0.9955
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.9948
0.9920
0.9980
– Take Profit
– Stop Loss
Trade Idea
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
SEPTEMBER,
2022
5. BUY SELL
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Technical Summary
H 1
FIBO Levels PIVOT
R1 S1
1.1572
R2 S2
1.1596
R3 S3
1.1630
R4
Commentary
S4
1.1655
Buy Above 1.1568
1.1600
1.1532
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.1521
1.1476
1.1550
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
GBP/USD: The sterling moves in rigid boundaries on Friday and hovers around $1.1550 mark. Today
pair made intraday high at $1.1559 and low at $1.1530 mark.Aday chart and H1 chart with triple EMA
suggest down trend for the time being. A sustained close above $1.1572 on H1 chart will check key
resistances.Alternatively, a consistent close below $1.1522 will check further supports.
USD
1.1522
1.1502
1.1480
1.1455
GBP/
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
SEPTEMBER,
2022
6. 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
1.3165
R2 S2
1.3199
R3 S3
1.3222
R4
Commentary
S4
1.3250
Buy Above 1.3172
1.3200
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 remains volatile on Friday and hovers around 1.3150 mark. Today the pair made
intraday high at 1.3163 and low at 1.3140 mark. Today a day chart and H1 chart with triple EMA
suggest up trend for the time being. A sustained close above 1.3165 on H1 chart requires for the
upside rally.Alternatively, a consistent close below 1.3130 on H1 chart will check key supports too.
USD /CAD
1.3130
1.3104
1.3080
1.3055
SEPTEMBER,
2022
7. 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
140.30
R2 S2
140.78
R3 S3
140.99
R4
Commentary
S4
141.24
Buy Above 140.40
140.82
139.98
– Take Profit
– Stop Loss
Trade Idea
Sell Below 139.81
139.35
140.21
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
USD/JPY: The Japanese yen weakens drastically and jumps back above 140.00 mark. It is the lowest
level since Aug 1998. The pair made intraday high at 140.27 and low at 139.86 mark. The triple EMA
on a day chart and H1 chart suggest bullish trend for the time being. A sustained close above 140.30
on H1 chart requires for the upside rally.Alternatively, a consistent close below 139.55 on H1 chart will
check further key supports.
USD /JPY
139.78
139.55
139.12
138.80
SEPTEMBER,
2022
8. 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
1704
R2 S2
1709
R3 S3
1714
R4
Commentary
S4
1720
Buy Above 1704
1709
1696
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1694
1686
1701
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): Gold trades flat on Friday ahead of U.S. NFP job results scheduled at 1230
GMT/1800 IST. Today the pair made intraday high at $1,700 and low at $1,695 mark. Today a day
chart and H1 chart with triple EMA suggest bearish trend for the time being. A sustained close above
$1,704 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,692 on H1
chart will test further supports.
XAU [GOLD]
USD
/
1694
1688
1682
1676
SEPTEMBER,
2022
9. Thank
you!
Info@tpglobalfx.com
www.tpglobalfx.com
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