The document is a daily analysis report from TP Global FX that provides market commentary and technical analysis on various currency pairs and gold. It includes key headlines from the RBA's interest rate decision, Asian stock market performance, and economic data releases. Technical analysis using indicators like moving averages and pivot points are given for AUD/USD, EUR/USD, GBP/USD, USD/CAD, USD/JPY and XAU/USD to identify potential buy and sell trade ideas. Upcoming economic indicators are also listed.

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03 May 2022
Daily Analysis Report

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analysis@tpglobalfx.com
Asian Bulle n: Aussie strengthens sharply a er RBA decided to increase the cash rate target by 25 basis points to 35 basis points, Asian stock markets mixed, gold hovers around $1,860 mark
Key Headlines:
• RBA – Bank decided to increase the cash rate target by 25 basis points to 35 basis points.
• RBA - It also increased the interest rate on Exchange Se lement balances from zero per cent to 25 basis points.
• RBA - The central forecast is for the unemployment rate to decline to around 3½ per cent by early 2023 and remain around this level therea er.
• RBA - The outlook for economic growth in Australia also remains posi ve, although there are ongoing uncertain es about the global economy arising from: the ongoing disrup ons
from COVID-19, especially in China; the war in Ukraine; and declining consumer purchasing power from higher infla on.
• RBA - The central forecast is for Australian GDP to grow by 4¼ per cent over 2022 and 2 per cent over 2023.
• RBA - The central forecast for 2022 is for headline infla on of around 6 per cent and underlying infla on of around 4¾ per cent; by mid 2024.
• RBA - Headline and underlying infla on are forecast to have moderated to around 3 per cent.
• RBA - The Board is commi ed to doing what is necessary to ensure that infla on in Australia returns to target over me. This will require a further li in interest rates over the
period ahead.
• Japanese banks will be closed in observance of Cons tu on Day.
• Chinese banks will be closed in observance of Labor Day.
• New Zealand Building Consents stand at 5.8 pct vs 12.2 pct previous release.
• Moderna Inc's chief medical officer said on Sunday the company's vaccine for children under 6 years old will be ready for review by a Food and Drug Administra on panel when it
meets in June – Reuters.
• The Philippines is considering dona ng to Myanmar five million doses of Sputnik V COVID vaccine that are close to expiry, a senior health official said on Monday – Reuters.
• Poland has no "coherent ra onale" to invoke force majeure in an exis ng contract in order to stop paying for more COVID-19 vaccines from Pfizer, a European Commission official
told Reuters – Reuters.
• South Korea has loosened rules requiring masks to be worn outdoors as COVID-19 cases drop, but many people are not taking them off yet due to pervasive Omicron infec ons –
Reuters.
• The U.S. Food & Drug Administra on declined to approve two China-tested cancer treatments on Monday, saying one of the companies - Hutchmed Ltd - needs to test its drug for
the U.S. popula on in a diverse mul -regional trial – Reuters.
• The Czech Na onal Bank is likely to raise its main rate by 50 basis points to 5.50% on May 5, a Reuters poll suggested on Monday, pushing borrowing costs to their highest level since
1999 to face s ll-surging infla on – Reuters.
• The Federal Reserve's well-telegraphed plan to hike interest rates by half a percentage point on Wednesday and start reducing its balance sheet has failed to ease infla on and
growth worries, promp ng bond investors to seek safety by adjus ng the dura on of their por olios – Reuters.
• Australia's "Big Four" banks are set to report a further squeeze on interest margins in their upcoming results dented by growing compe on, though the prospect of a recovery
aided by central banks' rate hikes is expected to bolster their outlook – Reuters.
• European Central Bank policymaker and hawk Robert Holzmann expects an ini al interest rate increase this summer or autumn and for rates to rise gradually before se ling next
year around 1% or 1.5%, he told Austrian broadcaster ORF on Friday – Reuters.
• Wikimedia Founda on, the non-profit behind Wikipedia and other Wikimedia projects, has decided to ban cryptocurrency dona ons – ambcrypto.
• Telegram's latest integra on has allowed users to send and trade cryptocurrencies – ambcrypto.
• Slovenia has been ranked as the world’s most crypto-friendly na on by a recent study – ambcrypto.
Key Economic Indicators Ahead:
• (0645 GMT/1215 IST) France Budget Balance, previous -37.6B.
• (0755 GMT/0825 IST) German unemployment Change, previous -18K, expected -15K.
• (0830 GMT/1400 IST) U.K. Final Manufacturing PMI, previous 55.3, expected 55.3.
• (0900 GMT/1430 IST) Euro PPI, previous 1.1, expected 4.9.
• (0900 GMT/1430 IST) Euro Unemployment Rate, previous 6.8, expected 6.8.
• (1400 GMT/1930 IST) U.S. JOLTS Job Openings, previous 11.27M, expected 11.19M.
• (1400 GMT/1930 IST) U.S. Factory orders, previous -0.5, expected 1.3.
Economic Events Ahead:
• All Day – ECOFIN Mee ngs.
• All Day – Eurogroup Mee ngs.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched down 0.24% to 103.50 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
0.7150
R2 S2
0.7176
R3 S3
0.7199
R4
Commentary
S4
0.7226
Buy Above 0.7150
0.7181
0.7111
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.7081
0.7037
0.7121
– Take Profit
– Stop Loss
Trade Idea
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analysis@tpglobalfx.com
-
Time Frame: H1
AUD/USD: TheAussie spikes up sharply after RBA’s Cash Rate Decision and touches $0.7147 mark.
Today pair made intraday high at $0.7147 and low at $0.7045 mark.Aday chart is down and H1 chart
with triple EMA suggests up trend for the time being. A sustained close above $0.7150 on H1 chart
requires for the upside rally. Alternatively, a consistent close below $0.7090 will check further
supports
0.7085
0.7050
0.7021
0.7001
MAY,
2022

4. BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.0430
R2 S2
1.0555
R3 S3
1.0572
R4
Commentary
S4
1.0600
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-
Time Frame: H1
EUR/USD: The Euro exhibits range bound movement ahead of Eurogroup meetings and stabilizes
above $1.0500 mark. The pair made intraday high at $1.0526 and low at $1.0501 mark. Today triple
EMA on a day chart and H1 chart suggest bearish trend for the time being. A consistent close above
$1.0530 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.0485 on
H1 chart will check further supports.
EUR / USD
1.0485
1.0462
1.0450
1.0422
Buy Above 1.0540
1.0572
1.0505
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.0485
1.0450
1.0512
– Take Profit
– Stop Loss
Trade Idea
Trends Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above RSI LEVEL 50
MAY,
2022

5. BUY SELL
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Technical Summary
H 1
FIBO Levels PIVOT
R1 S1
1.2550
R2 S2
1.2572
R3 S3
1.2615
R4
Commentary
S4
1.2650
Buy Above 1.2551
1.2582
1.2511
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2490
1.2450
1.2525
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
GBP/USD: The Sterling trades marginally higher on Tuesday ahead of U.K.’s Final manufacturing
PMI data and stabilizes above $1.2500 mark. Today pair made intraday high at $1.2532 and low at
$1.2479 mark. A day chart and H1 chart with triple EMA suggest down trend for the time being. A
sustained close above $1.2550 on H1 chart will check key resistances. Alternatively, a consistent
close below $1.2490 will check further supports.
USD
1.2490
1.2465
1.2450
1.2427
GBP/
Trends Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above RSI LEVEL 50
MAY,
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
1.2875
R2 S2
1.2904
R3 S3
1.2932
R4
Commentary
S4
1.2965
Buy Above 1.2872
1.2906
1.2840
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2832
1.2801
1.2872
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
USD/CAD: The CAD starts a new day on a positive note and hovers around 1.2850 mark. Today the
pair made intraday high at 1.2881 and low at 1.2838 mark. Today a day chart and H1 chart with triple
EMAsuggest up trend for the time being.Asustained close above 1.2875 on H1 chart requires for the
upside rally.Alternatively, a consistent close below 1.2830 on H1 chart will check key supports too.
USD /CAD
1.2830
1.2805
1.2780
1.2755
MAY,
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
130.22
R2 S2
130.54
R3 S3
130.76
R4
Commentary
S4
131.12
Buy Above 130.30
130.58
130.02
– Take Profit
– Stop Loss
Trade Idea
Sell Below 129.76
129.40
130.00
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
USD/JPY: The Japanese yen trades in narrow range as Japanese banks will be closed in observance
of Constitution Day. The pair made intraday high at 130.21 and low at 129.85 mark. The triple EMAon
a day chart and H1 chart suggest up trend for the time being. A sustained close above 130.22 on H1
chart requires for the upside rally.Alternatively, a consistent close below 129.70 on H1 chart will check
further key supports.
USD /JPY
129.70
129.44
129.18
129.01
MAY,
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
1872
R2 S2
1876
R3 S3
1882
R4
Commentary
S4
1889
Buy Above 1871
1878
1865
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1856
1849
1864
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): Gold trades in rigid boundaries on Tuesday and consolidates around $1,862
mark ahead of U.S. Factory orders data. Today pair made intraday high at $1,867 and low at $1,859
mark. A day chart and H1 chart with triple EMA suggest down trend for the time being. A sustained
close above $1,876 on H1 chart requires for the upside rally. Alternatively, a consistent close below
$1,854 on H1 chart will test further supports. Later today U.S. Factory orders data will remain in focus.
XAU [GOLD]
USD
/
1854
1848
1842
1837
MAY,
2022

9. Thank
you!
Info@tpglobalfx.com
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