04/21 Market report

【Dow Jones】

ASML, a global leader in semiconductor micrograph technology, reported its first quarter 2022 financial report with a net sales of €3.5 billion, net income of €695 million and gross margin of 49% for the first quarter of 2022. Peter Wennink, president and CEO of ASML said that customer demand for their system shipments is still higher than their current production capacity. Looking at 2022, ASML remains optimistic that full-year revenue growth will reach 20%.

The Dow Jones Index was pulled up by some companies with good financial reports yesterday and the entire index went up. It also drove the technical indicators of the Dow Jones upwards. Alligator has begun to show gold crosses while the KD is at a high-end figure.

USA30-D1

Resistance point 1: 35800 / Resistance point 2: 36200 / Resistance point 3: 36800

Support point 1: 34800/ Support point 2: 34200/ Support point 3: 33500

【Euro】

Before the outbreak of COVID-19, Venice attracted about 30 million visitors a year. The Venice tourism department decided to start a pilot crowd control program in June and requiring travellers to register online and pay entry fees ranging from 3 to 10 euros.

EURUSD, which has been declining over the past few weeks, has finally had a rebound yesterday. The current price is still near the low of the past 2 years and the overall pattern is still a bearish trend. The current technical line on the Alligator shows a death cross while the KD shows a low-end figure.

EURUSD-D1

Resistance point 1: 1.09000 / Resistance point 2: 1.09200 / Resistance point 3: 1.09800

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

【Gold】

The world's largest gold ETF, the SPDR Gold Shares (GLD), had gold holdings at 1,100.36 metric tons in its data on 19 April 2022. As the dollar index reaches a 2-year high, dollar-denominated gold is also under pressure to return in the face of nearly $2,000 an ounce.

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: 1920.00/ Support point 3: 1900.00

【Crude Oil】

While the U.S. is hoping that India can abandon its long-standing partnership with Russia, India is clearly unwilling to follow the US. With India's current crude oil imports to Russia in March set at 360,000 barrels per day, the RBI is consulting the “Ruby ruble” exchange mechanism to bypass Western sanctions against Russia's international payment mechanism. Oil tanker Frontline CEO Lars Barstad said that the discount of Russian Ural oil is about $25-30 per barrel, Freight rates would add only $3-4 per barrel, making the trade economic for India.

In terms of the technical line, Alligator is entangled while the KD shows a death cross. The short-term technicals are still pointing to a sell.

USOIL-D1

Resistance point 1: 104.500 / Resistance point 2: 106.500 / Resistance point 3: 109.500

Support point 1: 101.800/ Support point 2: 100.500/ Support point 3: 98.200

OnePro Special Analyst

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