The document provides a daily analysis report from TP Global FX. It includes: - Key Asian market headlines on currency movements, stock prices, and economic data from Australia, Taiwan, the UK, oil markets, and US job figures. - Technical analysis and trade ideas for several currency pairs, including buy/sell levels and trends for AUD/USD, EUR/USD, GBP/USD, USD/CAD, USD/JPY, and XAU/USD. - Upcoming major economic indicators from Germany, the UK, Canada, and US on factory orders, construction PMI, interest rates, jobless claims, and trade balances.

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04 August 2022
Daily Analysis Report

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Asian Bulle n: Sterling trades in narrow range ahead of U.K.’s Interest Rate Decision, Asian stock markets in green, gold hovers around $1,770 mark ahead of U.S. NFP job data due tomorrow
Key Headlines:
• Australia Trade balance stands at 17.67B vs 15.02B previous release.
• Asian stocks rose on Thursday, taking cues from a strong rally on Wall Street a er robust economic data and upbeat corporate guidance boosted investor appe te – Reuters.
• Suspected drones flew over outlying Taiwanese islands and hackers a acked its defence ministry website, authori es in Taipei said on Thursday, a day a er a visit by U.S. House of
Representa ves Speaker Nancy Pelosi that outraged China – Reuters.
• The Bank of England is expected to raise interest rates by the most since 1995 on Thursday, even as the risks of a recession mount, in an a empt to stop a surge in infla on from
becoming embedded in Britain's economy – Reuters.
• Oil prices rose on Thursday as supply concerns triggered a rebound from mul -month lows plumbed in the previous session a er U.S. data signalled weak fuel demand – Reuters.
• U.S. stock index futures edged higher on Wednesday, with focus on services ac vity data due later in the day a er a report earlier this week amplified economic slowdown worries,
while PayPal gained on raising its profit forecast – Reuters.
• Futures for Canada's main stock index steadied on Wednesday a er U.S. House Speaker Nancy Pelosi le Taiwan, following a visit which heightened Sino-U.S. tensions, while higher
gold prices were set to buoy miners – Reuters.
• The West's energy giants are set to return a record $30 billion to investors a er repor ng bumper profits in the second quarter of the year following a surge in energy prices –
Reuters.
• The Italian parliament has given its final approval to a highly contested bill to promote compe on in product and services markets, required to help secure a new tranche worth 19
billion euros ($19.4 billion) of post-pandemic European funds – Reuters.
• Germany's Commerzbank swung on Wednesday to a bigger-than-expected second-quarter net profit, helped by higher interest rates and commission income, and confirmed it was
on track to meet its profit target despite "clouds" on the horizon – Reuters.
• Bank of Ireland expects modest growth in net interest income this year, having previously forecast that it would be broadly stable year on year, the bank said on Wednesday a er
repor ng a 10% drop in first half profits – Reuters.
• The U.S. Centers for Disease Control and Preven on (CDC) is expected to ease its guidelines to control the spread of COVID-19, including in schools as soon as this week, CNN
reported on Wednesday, ci ng sources familiar with the plan – Reuters.
• The European Medicines Agency (EMA) is recommending Novavax's COVID-19 vaccine carry a warning of the possibility of two types of heart inflamma on, an added burden for a
shot that has so far failed to win wide uptake – Reuters.
• Moderna Inc on Wednesday maintained its full-year COVID-19 vaccine sales forecast of $21 billion as canceled orders from low- and middle-income na ons through the COVAX
program offset gains from new booster dose orders – Reuters.
Key Economic Indicators Ahead
• (0600 GMT/1130 IST) German Factory Orders, previous 0.1, expected -1.0.
• (0830 GMT/1400 IST) U.K. Construc on PMI, previous 52.6, expected 52.0.
• (1100 GMT/1630 IST) U.K. Interest Rate Decision, previous 1.25, expected 1.75.
• (1130 GMT/1700 IST) U.S. Challenger Job Cuts, previous 58.8.
• (1230 GMT/1800 IST) Canada Building Permits, previous 2.3, expected -2.0.
• (1230 GMT/1800 IST) Canada Trade Balance, previous 5.3B, expected 5.0B.
• (1230 GMT/1800 IST) U.S. Unemployment Claims Weekly, previous 256K, expected 262K.
• (1230 GMT/1800 IST) U.S. Trade Balance, previous -85.5B, expected -80.5B.
Economic Events Ahead:
• (0800 GMT/1330 IST) ECB Economic Bulle n.
• (1130 GMT/1700 IST) U.K. GOE Gov Bailey Speaks.
• (1600 GMT/2130 IST) U.S. FOMC Member Mester Speaks.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched down 0.08 pct to 106.42 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
0.6972
R2 S2
0.6999
R3 S3
0.7022
R4
Commentary
S4
0.7050
Buy Above 0.6970
0.6999
0.6940
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.6937
0.6910
0.6960
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
AUD/USD: TheAussie appreciates in Thursday after robust Trade Balance data and stabilizes above
$0.6950 mark. Today pair made intraday high at $0.6963 and low at $0.6934 mark.Aday chart and H1
chart with triple EMA suggest up trend for the time being. A sustained close above $0.6972 on H1
chart requires for the upside rally. Alternatively, a consistent close below $0.6937 will check further
supports.
0.6937
0.6904
0.6884
0.6858
AUGUST,
2022

4. BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.0178
R2 S2
1.0199
R3 S3
1.0222
R4
Commentary
S4
1.0250
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-
Time Frame: H1
EUR/USD: The euro remains almost unchanged on Thursday ahead of ECB Economic Bulletin
results and stabilizes above $1.0150 mark. Today the pair made intraday high at $1.0176 and low at
$1.0154 mark. Today triple EMAon a day chart and H1 chart suggest bearish trend for the time being.
A consistent close above $1.0178 on H1 chart requires for the upside rally. Alternatively, a sustained
close below $1.0150 on H1 chart will check further supports.
EUR / USD
1.0150
1.0122
1.0100
1.0078
Buy Above 1.0176
1.0205
1.0152
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.0150
1.0122
1.0174
– Take Profit
– Stop Loss
Trade Idea
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
AUGUST,
2022

5. BUY SELL
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Technical Summary
H 1
FIBO Levels PIVOT
R1 S1
1.2174
R2 S2
1.2205
R3 S3
1.2240
R4
Commentary
S4
1.2265
Buy Above 1.2190
1.2220
1.2160
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2130
1.2091
1.2162
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
GBP/USD: The sterling moves in roigid boundaries ahead of U.K.’s policy rate decision and
stabilizes around $1.2150 mark. Today pair made intraday high at $1.2167 and low at $1.2132 mark.
A day chart and H1 chart with triple EMA suggest bearish trend for the time being. A sustained close
above $1.2174 on H1 chart will check key resistances. Alternatively, a consistent close below
$1.2130 will check further supports.
USD
1.2130
1.2102
1.2078
1.2055
GBP/
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
AUGUST,
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
1.2855
R2 S2
1.2890
R3 S3
1.2922
R4
Commentary
S4
1.2950
Buy Above 1.2855
1.2890
1.2830
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2830
1.2799
1.2855
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
USD/CAD: The CAD moves directionless on Thursday and remains well supported around 1.2850
mark. Today the pair made intraday high at 1.2855 and low at 1.2833 mark. Today a day chart and H1
chart with triple EMA suggest down trend for the time being. A sustained close above 1.2855 on H1
chart requires for the upside rally.Alternatively, a consistent close below 1.2830 on H1 chart will check
key supports too. Canada’sTrade balance data will remain in focus.
USD /CAD
1.2830
1.2805
1.2790
1.2765
AUGUST,
2022

7. 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
134.12
R2 S2
134.40
R3 S3
134.72
R4
Commentary
S4
134.99
Buy Above 134.15
134.50
133.80
– Take Profit
– Stop Loss
Trade Idea
Sell Below 133.50
132.99
133.89
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
USD/JPY: The Japanese yen trades almost flat on Thursday and hovers around 133.80 mark. The
pair made intraday high at 134.14 and low at 133.41 mark. The triple EMAon a day chart and H1 chart
suggest up trend for the time being. A sustained close above 134.12 on H1 chart requires for the
upside rally.Alternatively, a consistent close below 133.62 on H1 chart will check further key supports.
USD /JPY
133.30
133.00
132.78
132.50
AUGUST,
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
1774
R2 S2
1778
R3 S3
1782
R4
Commentary
S4
1787
Buy Above 1774
1781
1765
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1764
1758
1770
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): Gold starts a new day on a positive note and remains well supported around
$1,770 mark. Today the pair made intraday high at $1,772 and low at $1,763 mark. Today a day chart
is down and H1 chart with triple EMA suggests up trend for the time being. A sustained close above
$1,774 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,760 on H1
chart will test further supports.
XAU [GOLD]
USD
/
1758
1752
1747
1742
AUGUST,
2022

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