The daily analysis report from TP Global FX provides an overview of market conditions in Asia and key economic indicators. It summarizes movements in currencies like the AUD, EUR, GBP, USD/CAD, USD/JPY, and gold. Technical analyses of these currency pairs on the hourly timeframe identify short-term support and resistance levels and provide trading ideas based on price action. Upcoming economic data releases from countries like Switzerland, Spain, the Eurozone, US, and Canada are also highlighted that may impact forex markets.

1. +1 7754 366 970
analysis@tpglobalfx.com
R
E
P
O
R
T
F
R
O
M
:
T
P
G
LO
B
A
L
F
X
02 June 2022
Daily Analysis Report

2. +1 7754 366 970
analysis@tpglobalfx.com
Asian Bulle n: Aussie trades marginally lower a er Trade Balance, Retail Sales data; Asian stock markets in red; Gold hovers around $1,845 mark; U.S. ADP Employment Change data will remain
in focus
Key Headlines:
• Chinese banks will be closed in observance of the Dragon Boat Fes val.
• UK banks will be closed in observance of the Spring Bank Holiday.
• Italian banks will be closed in observance of Na onal Day.
• Australia Retail Sales remain unchanged at 0.9 pct.
• Australia Trade Balance stands at 10.50B vs 9.74B previous release.
• New Zealand Overseas trade index stands at 0.5 pct vs -0.9 pct previous release.
• Japan Monetary Base stands at 4.6 pct vs 6.6 pct previous release.
• Futures tracking the Dow and the S&P 500 edged higher on Wednesday a er Salesforce posted robust quarterly results, while investors awaited private jobs and factory ac vity data
for cues on the strength of the U.S. economy – Reuters.
• Binance Labs, the venture capital arm of cryptocurrency exchange Binance, said on Wednesday it had raised $500 million for its investment fund focused on companies involved in
the blockchain and Web3 spaces – Reuters.
• Global growth in factory ac vity slowed in May as China's strict coronavirus curbs and Russia's invasion of Ukraine disrupted supply chains and dampened demand, adding to woes
for businesses already struggling with surging raw material prices – Reuters.
• Canada on Wednesday authorized a single booster shot of Pfizer and partner BioNTech's COVID-19 vaccine for 16- and 17-year-olds – Reuters.
• Outbreaks of endemic diseases such as monkeypox and lassa fever are becoming more persistent and frequent, the WHO emergencies director, Mike Ryan, warned on Wednesday –
Reuters.
• COVID-19 cases in the Americas increased 10.4% last week from the previous one, but countries must also pay a en on to a rise in other respiratory viruses in the region, the Pan
American Health Organiza on (PAHO) said on Wednesday – Reuters.
• The U.S. Food and Drug Administra on said on Wednesday it has withdrawn its approval for TG Therapeu cs Inc's lympha c cancer treatment Ukoniq over concerns of higher risk of
death in pa ents receiving the drug – Reuters.
• Russia's largest lender Sberbank said on Tuesday new European sanc ons would not impact its opera ons a er European Union leaders agreed to cut bank that was already under
sanc ons from the SWIFT messaging system – Reuters.
• SPB Exchange, Russia's second-largest bourse, said on Monday it will transfer up to 14% of U.S.-listed shares that its clients possess to a non-trading account a er the central bank
said it will restrict trading in some foreign shares – Reuters.
• The Bank of Canada yesterday increased its target for the overnight rate to 1.50 pct, with the Bank Rate at 1¾% and the deposit rate at 1½%. The Bank is also con nuing its policy of
quan ta ve ghtening (QT) – BoC.
• BOJ's Adachi - FX isn't a target for monetary policy.
• BoJ’s Adachi - Too early to ghten monetary policy.
• BOJ's Adachi - There is an increasing risk that china's output decline, caused in part by its zero-covid policy, will result in severe global supply constraints.
• Fed's Bullard - It's too early to say if we've seen a peak in infla on; will need more than a few tenths to make a judgment.
• Fed's Bullard - Some mes rela vely stable longer-term infla on expecta ons are taken as a sign that the fed doesn't have to do as much; i don't take them that way.
• Fed's Bullard - I would put neutral at about 2%, but will need to go above that to bring down infla on.
• Fed's Barkin - Reduc on in balance sheet does a li le more on top of rate hikes to ghten policy.
• Fed’s Barkin - Perfectly comfortable with path of rate hikes for next couple mee ngs.
• Fed's Barkin - The stronger the economy, infla on, the be er the case is to do more on rates.
• Saudi Arabia is prepared to raise its oil produc on if Russia's output falls substan ally because of the western sanc ons imposed on it – Financial Times.
Key Economic Indicators Ahead:
• (0630 GMT/1200 IST) Swiss CPI, previous 0.4, expected 0.3.
• (0700 GMT/1230 IST) Spanish Unemployment Change, previous -86.3K, expected -33.5K.
• (0900 GMT/1430 IST) Euro PPI, previous 5.3, expected 2.3.
• (1130 GMT/1700 IST) U.S. Challenger Job Cuts, previous 6.0.
• (1215 GMT/1745 IST) U.S. ADP Non Farm Employment Change, previous 247K, expected 295K.
• (1230 GMT/1800 IST) Canada Building Permits, previous -9.3, expected 0.5.
• (1230 GMT/1800 IST) U.S. Unemployment claims weekly, previous 210K, expected 210K.
• (1230 GMT/1800 IST) U.S. Revised Non Farm Produc vity q/q, previous -7.5, expected -7.5.
• (1400 GMT/1930 IST) U.S. Factory Orders, previous 2.2, expected 0.8.
Economic Events Ahead:
• All Day – OPEC JMMC Mee ngs.
• (1700 GMT/2230 IST) U.S. FOMC Member Mester Speaks.

3. AUD / USD
BUY SELL
R
E
P
O
R
T
F
R
O
M
:
T
P
G
LO
B
A
L
F
X
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
0.7190
R2 S2
0.7215
R3 S3
0.7240
R4
Commentary
S4
0.7272
Buy Above 0.7194
0.7226
0.7170
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.7150
0.7120
0.7178
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
AUD/USD: The Aussie depreciates on Thursday despite robust Trade balance and retail sales data.
Today pair made intraday high at $0.7177 and low at $0.7160 mark. A day chart and H1 chart with
triple EMA suggest down trend for the time being. A sustained close above $0.7190 on H1 chart
requires for the upside rally. Alternatively, a consistent close below $0.7150 will check further
supports.
0.7150
0.7121
0.7102
0.7082
JUNE,
2022

4. BUY SELL
R
E
P
O
R
T
F
R
O
M
:
T
P
G
LO
B
A
L
F
X
Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.0672
R2 S2
1.0699
R3 S3
1.0722
R4
Commentary
S4
1.0754
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
EUR/USD: The euro moves in stiff boundaries ahead of economic light calendar and stabilizes
around $1.0650 mark. The pair made intraday high at $1.0659 and low at $1.0644 mark. Today triple
EMA on a day chart and H1 chart suggest down trend for the time being. A consistent close above
$1.0672 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.0637 on
H1 chart will check further supports.
EUR / USD
1.0637
1.0618
1.0600
1.0572
Buy Above 1.0670
1.0699
1.0640
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.0637
1.0605
1.0665
– 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
R
E
P
O
R
T
F
R
O
M
:
T
P
G
LO
B
A
L
F
X
Technical Summary
H 1
FIBO Levels PIVOT
R1 S1
1.2498
R2 S2
1.2525
R3 S3
1.2552
R4
Commentary
S4
1.2576
Buy Above 1.2499
1.2530
1.2472
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2455
1.2422
1.2482
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
GBP/USD: The sterling remains almost unchanged on Thursday as UK banks will be closed in
observance of the Spring Bank Holiday. Today pair made intraday high at $1.2491 and low at
$1.2471 mark. A day chart and H1 chart with triple EMA suggest down trend for the time being. A
sustained close above $1.2498 on H1 chart will check key resistances. Alternatively, a consistent
close below $1.2465 will check further supports.
USD
1.2465
1.2450
1.2418
1.2401
GBP/
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
JUNE,
2022

6. BUY SELL
R
E
P
O
R
T
F
R
O
M
:
T
P
G
LO
B
A
L
F
X
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
1.2690
R2 S2
1.2722
R3 S3
1.2754
R4
Commentary
S4
1.2778
Buy Above 1.2680
1.2712
1.2655
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2650
1.2621
1.2674
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
USD/CAD: The CAD weakened sharply in previous session after BoC’s Policy rate decision and
currently remains well supported above 1.2650 mark. Today the pair made intraday high at 1.2676
and low at 1.2654 mark. Today a day chart is down and H1 chart with triple EMAsuggests up trend for
the time being.Asustained close above 1.2690 on H1 chart requires for the upside rally.Alternatively,
a consistent close below 1.2650 on H1 chart will check key supports too.
USD /CAD
1.2650
1.2621
1.2601
1.2582
JUNE,
2022

7. BUY SELL
R
E
P
O
R
T
F
R
O
M
:
T
P
G
LO
B
A
L
F
X
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
130.21
R2 S2
130.48
R3 S3
130.76
R4
Commentary
S4
131.01
Buy Above 130.25
130.62
129.98
– Take Profit
– Stop Loss
Trade Idea
Sell Below 129.72
129.38
130.02
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
USD/JPY: The Japanese yen remains almost unchanged in earlyAsia after BoJ’sAdachi’s comments
on Monetary Policy. The pair made intraday high at 130.24 and low at 129.88 mark. The triple EMAon
a day chart and H1 chart suggest bullish trend for the time being. A sustained close above 130.21 on
H1 chart requires for the upside rally. Alternatively, a consistent close below 129.72 on H1 chart will
check further key supports.
USD /JPY
129.72
129.40
129.15
128.89
JUNE,
2022

8. BUY SELL
R
E
P
O
R
T
F
R
O
M
:
T
P
G
LO
B
A
L
F
X
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
1848
R2 S2
1854
R3 S3
1862
R4
Commentary
S4
1868
Buy Above 1850
1856
1846
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1842
1836
1848
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): Gold strengthened extremely in previous session and currently stabilizes above
$1,840 mark. The pair made intraday high at $1,848 and low at $1,844 mark.Aday chart is down and
H1 chart with triple EMA suggests up trend for the time being. A sustained close above $1,848 on H1
chart requires for the upside rally. Alternatively, a consistent close below $1,838 on H1 chart will test
further supports. Later today U.S.ADP Job data and Factory orders data will provide further directions
to the U.S. dollar.
XAU [GOLD]
USD
/
1838
1832
1826
1814
JUNE,
2022

9. Thank
you!
Info@tpglobalfx.com
www.tpglobalfx.com
R
E
P
O
R
T
F
R
O
M
:
T
P
G
L
O
B
A
L
F
X
/tpglobalfx /tpglobalfx /tpglobalfx /tpglobalfx
that even knowledgeable and well-experienced investors can experience large potential losses as a result of trading in Forex and CFDs. Consequently,
investors should be fully aware of all the risks involved when trading Forex and CFDs and accept all the negative consequences associated with such
trading. Please always remember that trading in Forex and CFDs might not be suitable for all investors. It is desirable investors who would consider trading,
to do so only with money that they can afford to lose. You are also recommended to seek independent financial advice if necessary. The content on this
website does not constitute financial or investment advice. Any information herein is of a general nature and does not take into consideration your
personal circumstances, investment experience or current financial situation. Apple, the Apple logo, iPod, iPad, iPod touch, and iTunes are trademarks of
Apple Inc, registered in the US and other countries. IPhone is a trademark of Apple Inc. App Store is a service mark of Apple Inc. This site is run and
operated by – TP Global Services Limited registered by FSA, St. Vincent and the Grenadines with Number 25274 BC 2019 TP Global Services Limited does
not offer its services to residents of certain jurisdictions such as USA, and British Columbia.
Disclamer:
Forex and Contracts for Difference (CFDs) are leveraged products. Trading in these products is highly speculative and involves substantial risk. Please note