04/22 Market report

【Dow Jones】

The US Index opened higher and went lower as Jerome Powell of the Federal Reserve spoke at the meeting of the International Monetary Fund (IMF) to discuss the global economy. There have been signs of aggressive interest rate increases and it is expected that they will discuss whether to raise interest rates by 2 yards at the next Fed meeting.

At this stage, the pace of interest rate hikes has been accelerated and there has been a wave of investors fleeing the stock market.

Alligator still shows a golden cross while the KD is slowly creeping towards a death cross. The short-term technical shows selling pressure in the Dow Jones. From the line chart, there was a small breakthrough at the wave high.

USA30-D1

Resistance point 1: 35000 / Resistance point 2: 35500 / Resistance point 3: 36200

Support point 1: 34200 / support point 2: 33800 / support point 3: 33200

【EUR】

According to the SWIFT, the euro's market share of global payment currencies fell to 35.4% and this is the lowest since the beginning of the outbreak.

The main reason was due to inflation and the Russo-Ukrainian War that had reduced the attractiveness of the euro as a payment currency. The EURUSD fell sharply in March and it has been the largest decline in more than 10 years.

The EURUSD market is once again under pressure and the Alligator shows a death crossover while the KD is currently showing a low-end divergence which shows that there is still support and some buying there.

EURUSD-D1

Resistance point 1: 1.09200 / Resistance point 2: 1.09500 / Resistance point 3: 1.09800

Support 1: 1.07800 / Support 2: 1.06800 / Support 3: 1.06200

【Gold】

According to the April 18 report by the CFTC, as of April 12, net speculative long orders for New York gold futures held by fund managers (mainly safe-haven funds) and other large traders increased by 3.6% from the previous week to 254,287.

The current movement of Gold is changing and the Alligator has begun to tangle while the KD is also shrinking from the gap of the death cross. There has been both buying and selling near the price of 1950 per ounce for the past few days and gold has been oscillating there for a period of time. Investors are waiting for the subsequent breakthrough trend.

XAUUSD-D1

Resistance point 1: 1970.00 / Resistance point 2: 1980.00 / Resistance point 3: 2000.00

Support point 1: 1930.00 / support point 2: 1920.0 / support point 3: 1900.00

【Crude Oil】

The EU continues to move in the direction of not having to import oil from Russia.

Although Britain and the United States have taken the lead in imposing a crude oil ban on Russian oil because of the Russian invasion of Ukraine, the EU has been slow to cut Russia because Europe relies heavily on Russia's energy supply.

U.S. Treasury Secretary Yellen said at a news conference that the EU must end its dependence on Russian energy, but also warned that a blanket ban on energy imports from Russia would lead to a sharp rise in European prices.

The price of crude oil has been trading in a consolidated pattern recently. The Alligator is tangled while the KD is gradually becoming a golden cross. The price has been oscillating in the $102 region.

At present, the news on international sanctions on crude oil have gradually become lesser. In addition to active sanctions from Europe and the United States, many other countries have not been so active in placing sanctions on Russia.

USOIL-D1

Resistance point 1: 105.500 / Resistance point 2: 108.500 / Resistance point 3: 110.500

Support 1: 102.500 Support 2: 100.500 / Support 3: 98.200

OnePro Special Analyst

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