19 Jul 2022, 12:34 · Views 404

#EUR/USD# EURUSD ended up 65 pips at 1.0140 levels on Monday as supported by the weakening US dollar sentiment and upbeat Italian Trade Balance data. EURUSD is likely to be sold this morning (19/7), testing the support at 1.0100 amid concerns about the energy crisis in Europe after Russia's Gazprom has declared force majeure on gas supply to Europe. However, if it moves up and breaks above the 1.0165 level, there is a chance to buy it targeting the resistance at 1.0180. The potential trading range for the Asian session is 1.0100 - 1.0180.

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jordan.juniorr

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#XAU/USD# Gold prices ended up $1.50 at $1708.94 on Monday, supported by the weaker performance of the US dollar on the back of easing market concerns over expectations of a 100 bps rate hike by the US Federal Reserve. Gold is likely to be sold this morning (19/7), testing the support at $1700 amid the outlook for a strengthening US dollar and high yields on US bonds. However, if it moves up until it breaks above the $1712 level, it has a chance to be bought aiming the resistance at $1714. The potential trading range for the Asian session is $1700 - $1714.

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*Asia Session Market Brief, Tuesday 26 July 2022* GOLD #XAU/USD# Gold prices ended down $7.57 at $1719.60 on Monday as sentiment was fueled by a stronger US dollar and higher US bond yields. This morning (26/7), gold price has the opportunity to buy to test the resistance level of $1728 as long as the price stays above the support level of $1718. However, a decline lower than the support level is likely to trigger a sell-off against the gold price to test the next support level at $1712. The potential trading range in the Asian session is $1712 - $1728.

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#DowJones# Dow Jones +416.33 points, S&P500 +63.98 points and Nasdaq +319.40 points. The yield on the US 10-year bond fell to 2.715%. The three major US stock market indexes closed higher after the release of better-than-expected US macroeconomic data. PayPal and Moderna's financial reports that beat market expectations also increased interest in risk assets. US ISM services data released 56.7 vs 53.5 forecast, the highest in 3 months. US factory orders data released +2.0% vs +1.3% forecast. A day after the visit of the chairman of the US House of Representatives to Taiwan, the market is still watching what other countermeasures will be taken by China other than stopping the import-export activities of several products.

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#XAU/USD# #trading# Gold prices moved higher on Tuesday, ending up $5.47 at $1794.16 as it was triggered by the weakening US dollar sentiment behind the prospect of lower US inflation. Gold is likely to be sold this morning (10/8), testing the support at $1787 amid the outlook for a rebound in the US dollar on the back of the still maintained prospect of a rate hike by the US Federal Reserve. However, if it moves up until it breaks above the $1798 level, there is a chance to buy aiming at the resistance at $1800. Potential Asian session trading range at $1787 - $1800.

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NIKKEI The BOJ's decision to keep its benchmark interest rate on hold helped the Nikkei index rise 290 points to 27840 on Thursday. The Nikkei index is likely to be bought further this morning (22/7), targeting the resistance at 27900 amid the BOJ's dovish decision and Wall Street's strengthening outlook. However, if it moves down to below the level of 27640, there is a chance to sell it to test the support at 27600. The potential trading range for the Asian session is at 27600 - 27900.

jordan.juniorr