DAILY ANALYSIS REPORT JUNE 01 2022

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01 June 2022
Daily Analysis Report

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Asian Bulle n: U.S. dollar trades almost flat against major peers ahead of ISM manufacturing PMI data, Asian stock markets mixed, gold back below $1,840 mark ahead of ISM Manufacturing
PMI data
Key Headlines:
• Australia AIG Manufacturing Index stands at 52.4 vs 58.5 previous release.
• Australia GDP q/q stands at 0.8 pct vs 3.6 pct previous release.
• U.K. BBRC Shop Price Index stands at 2.8 pct vs 2.7 pct previous release.
• Japan Capital Spending stands at 3.0 pct vs 4.3 pct previous release.
• Japan Final Manufacturing PMI stands at 53.3 vs 53.2 previous release.
• Australia GDP q/q stands at 0.8 pct vs 3.6 pct previous release.
• China Caixin Manufacturing PMI stands at 48.1 vs 46.0 previous release.
• U.S. President Biden will meet Federal Reserve Chair Jerome Powell on Tuesday as historic infla on con nues to drain Americans’ pocketbooks – Reuters.
• U.S. stock index futures fell on Tuesday as soaring oil prices and hawkish comments from a Federal Reserve official spooked investors, with focus turning to talks between U.S.
President Joe Biden and Fed Chair Jerome Powell later in the day – Reuters.
• Euro zone infla on rose to another record high in May, boos ng government bond yields as markets saw the data as a challenge to the European Central Bank's view that gradual
interest rate increases from July will be enough to tame fast price growth – Reuters.
• With the Federal Reserve set to begin le ng bonds mature off its $9 trillion balance sheet, the key metric to watch will be whether Treasury vola lity picks up a result in a market
already suffering bouts of low liquidity – Reuters.
• Sri Lanka's cash-strapped government on Tuesday announced a taxa on overhaul to boost revenue amid the country's crippling economic crisis, hiking value added taxes and
corporate income tax, and slashing the relief given to individual taxpayers – Reuters.
• European Union leaders handed Hungary concessions to agree an oil embargo on Russia over its invasion of Ukraine, sealing a deal in the early hours of Tuesday that aims to cut 90%
of Russia's crude imports into the bloc by the end of the year – Reuters.
• Cuba on Tuesday li ed a mask mandate in place for two years following a successful vaccina on drive that health officials say has contributed to a sharp drop in cases and nearly
three weeks without a single death from COVID-19 – Reuters.
• It is not clear yet whether the spread of monkeypox can be contained completely, the World Health Organiza on said on Tuesday, adding that its goal was to contain the outbreak by
stopping human-to-human transmission to the maximum extent possible – Reuters.
• Use of Pfizer Inc's COVID-19 an viral Paxlovid spiked this week, but some doctors are reconsidering the pills for lower-risk pa ents a er a U.S. public health agency warned that
symptoms can recur a er people complete a course of the drug, and that they should then isolate a second me – Reuters.
Key Economic Indicators Ahead:
• (0600 GMT/1130 IST) German Retail Sales, previous -0.1, expected -0.5.
• (0600 GMT/1130 IST) U.K. Na onwide HPI, previous 0.3, expected 0.6.
• (0645 GMT/1215 IST) France Gov Budget Balance, previous -38.3B.
• (0715 GMT/1245 IST) Spain Manufacturing PMI, previous 53.3, expected 51.9.
• (0730 GMT/1300 IST) Swiss Manufacturing PMI, previous 62.5, expected 61.2.
• (0745 GMT/1315 IST) Italy Manufacturing PMI, previous 54.5, expected 53.5.
• (0750 GMT/1320 IST) France Final Manufacturing PMI, previous 54.5, expected 54.5.
• (0755 GMT/1325 IST) German Final Manufacturing PMI, previous 54.7, expected 54.7.
• (0800 GMT/1330 IST) Euro Final Manufacturing PMI, previous 54.4, expected 54.4.
• (0800 GMT/1330 IST) Italy Monthly unemployment Rate, previous 8.3, expected 8.3.
• (0830 GMT/1400 IST) U.K. Final Manufacturing PMI, previous 54.6, expected 54.6.
• (0900 GMT/1430 IST) Euro Unemployment Rate, previous 6.8, expected 6.8.
• (1330 GMT/1900 IST) Canada Manufacturing PMI, previous 56.2.
• (1345 GMT/1915 IST) U.S. Final Manufacturing PMI, previous 57.5, expected 57.5.
• (1400 GMT/1930 IST) Canada Interest Rate Decision, previous 1.0, expected 1.5.
• (1400 GMT/1930 IST) U.S. ISM Manufacturing PMI, previous 55.4, expected 54.4.
• (1400 GMT/1930 IST) U.S. JOLTS Job openings, previous 11.55M, expected 11.40M.
Economic Events Ahead:
• (1100 GMT/1630 IST) ECB President Lagarde speaks.
• (1530 GMT/2100 IST) FOMC Member Williams Speaks.
• (1700 GMT/2230 IST) FOMC Member Bullard Speaks.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched up 0.21% to 101.97 points.

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
0.7202
R2 S2
0.7222
R3 S3
0.7250
R4
Commentary
S4
0.7278
Buy Above 0.7199
0.7230
0.7170
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.7165
0.7137
0.7199
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
AUD/USD: TheAussie trades slightly higher on robust GDP data and hovers around key resistance at
$0.7190 mark. Today pair made intraday high at $0.7194 and low at $0.7171 mark. A day chart is
down and H1 chart with triple EMA suggests up trend for the time being. A sustained close above
$0.7202 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7170 will
check further supports.
0.7170
0.7150
0.7121
0.7102
JUNE,
2022

4. BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.0740
R2 S2
1.0762
R3 S3
1.0794
R4
Commentary
S4
1.0815
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-
Time Frame: H1
EUR/USD: The euro trades in narrow range ahead of Final Manufacturing PMI data and stabilizes
above $1.0700 mark. The pair made intraday high at $1.0737 and low at $1.0707 mark. Today triple
EMA on a day chart and H1 chart suggest down trend for the time being. A consistent close above
$1.0740 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.0680 on
H1 chart will check further supports.
EUR / USD
1.0680
1.0650
1.0622
1.0605
Buy Above 1.0740
1.0770
1.0705
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.0690
1.0660
1.0720
– Take Profit
– Stop Loss
Trade Idea
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
JUNE,
2022

5. BUY SELL
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Technical Summary
H 1
FIBO Levels PIVOT
R1 S1
1.2630
R2 S2
1.2655
R3 S3
1.2672
R4
Commentary
S4
1.2699
Buy Above 1.2622
1.2655
1.2599
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2580
1.2550
1.2605
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
GBP/USD: The sterling starts a new day on a flat note and stabilizes around $1.2600 mark. Today
pair made intraday high at $1.2616 and low at $1.2589 mark.Aday chart and H1 chart with triple EMA
suggest down trend for the time being. A sustained close above $1.2630 on H1 chart will check key
resistances.Alternatively, a consistent close below $1.2600 will check further supports.
USD
1.2600
1.2582
1.2550
1.2521
GBP/
Trends Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above RSI LEVEL 50
JUNE,
2022

6. BUY SELL
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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
1.2660
R2 S2
1.2690
R3 S3
1.2722
R4
Commentary
S4
1.2754
Buy Above 1.2662
1.2692
1.2640
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2630
1.2605
1.2658
– Take Profit
– Stop Loss
Trade Idea
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analysis@tpglobalfx.com
-
Time Frame: H1
USD/CAD: The CAD trade in narrow range ahead of Canada’s Interest Rate Decision and hovers
around 1.2650 mark. Today the pair made intraday high at 1.2653 and low at 1.2635 mark. Today a
day chart and H1 chart with triple EMAsuggest down trend for the time being.Asustained close above
1.2660 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2630 on H1
chart will check key supports too.
USD /CAD
1.2630
1.2615
1.2600
1.2580
JUNE,
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
129.22
R2 S2
129.54
R3 S3
129.76
R4
Commentary
S4
130.01
Buy Above 129.22
129.56
128.89
– Take Profit
– Stop Loss
Trade Idea
Sell Below 128.70
128.30
128.98
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
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-
Time Frame: H1
USD/JPY: The Japanese yen falls sharply against U.S. dollar after Final Manufacturing PMI data and
jumps back above 129.00 mark. The pair made intraday high at 129.18 and low at 128.59 mark. The
triple EMA on a day chart and H1 chart suggest up trend for the time being. A sustained close above
129.22 on H1 chart requires for the upside rally. Alternatively, a consistent close below 128.70 on H1
chart will check further key supports.
USD /JPY
128.50
128.24
128.01
127.78
JUNE,
2022

8. 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
1842
R2 S2
1848
R3 S3
1854
R4
Commentary
S4
1862
Buy Above 1840
1847
1834
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1832
1826
1839
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): Gold spiked down sharply in previous session and remains well supported below
$1,840 mark. The pair made intraday high at $1,838 and low at $1,833 mark.Aday chart and H1 chart
with triple EMA suggest down trend for the time being. A sustained close above $1,842 on H1 chart
requires for the upside rally.Alternatively, a consistent close below $1,832 on H1 chart will test further
supports.
XAU [GOLD]
USD
/
1832
1826
1821
1814
JUNE,
2022

9. Thank
you!
Info@tpglobalfx.com
www.tpglobalfx.com
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