The document is a daily analysis report from TP Global FX that provides key economic data and analysis on major currency pairs. It includes summaries of data releases from various countries and regions. Technical analysis is also provided for several currency pairs, identifying short-term trends and providing buy and sell signals. Upcoming key economic indicator releases are also listed, including US PPI and unemployment claims data.

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12 May 2022
Daily Analysis Report

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analysis@tpglobalfx.com
Asian Bulle n: U.S. dollar rises no ceably against major peers, Asian stock markets in red, gold hovers around $1,850 mark ahead of U.S. PPI data
Key Headlines:
• New Zealand FPI stands at 0.1 pct vs 0.7 pct previous release.
• U.K. RICS House Price Balance stands at 80 pct vs 74 pct previous release.
• Japan Bank lending stands at 0.9 pct vs 0.5 pct previous release.
• Japan Current Account stands at 1.56 T vs 0.52T previous release.
• Moderna Inc has made all necessary submissions required by the U.S. Food & Drug Administra on for emergency use authoriza on of its COVID-19 vaccine in adolescents and
children, it said on Wednesday – Reuters.
• Pfizer Inc's $11.6 billion deal for migraine specialist Biohaven Pharmaceu cal has kindled expecta ons on Wall Street that it may usher in more buyouts as cash-flush drugmakers
look to snap up beaten-down smaller biotechs – Reuters.
• South Africa's Na onal Ins tute for Communicable Diseases on Wednesday reported 10,017 new COVID-19 cases, the first day since January the ins tute has reported more than
10,000 new infec ons – Reuters.
• The European Central Bank can provide addi onal support to financial markets in case of heightened stress but there is no need to outline in detail how it would ease turbulence,
ECB policymaker Bostjan Vasle said on Wednesday – Reuters.
• The chair of the U.S. Securi es and Exchange Commission warned on Wednesday that the agency may bring more enforcement ac ons in cases involving risky deriva ves, saying
such products can create "system-wide risks" during mes of market stress – Reuters.
• The Turkish lira eased a further 0.85% against the dollar on Wednesday, weakening for a fi h session and bringing the currency back towards the lows it hit in late December a er a
series of unorthodox interest rate cuts – Reuters.
• Hungarian rate-se ers voted unanimously to raise the base rate by 100 basis points to 5.4% on April 26, the minutes of the mee ng showed on Wednesday – Reuters.
• The European Commission proposed on Wednesday that companies get tax incen ves for raising money through share issues in the same way they do when they borrow, allowing
to remove the tax bias favouring corporate debt and make firms more stable – Reuters.
• The Russian rouble pared early losses and surged past 68 against the U.S. dollar on Wednesday, boosted by capital controls, while stocks were mixed a er a long weekend – Reuters.
• Finance Minister Chris an Lindner expressed on Wednesday Germany's interest in helping Ukraine financially, together with its G7 partners, but stressed that Berlin needed to rein
in spending once again by next year – Reuters.
Key Economic Indicators Ahead:
• (0600 GMT/1130 IST) U.K. Prelim GDP, previous 1.3, expected 1.0.
• (0600 GMT/1130 IST) U.K. Construc on output, previous -0.1, expected 0.2.
• (0600 GMT/1130 IST) U.K. Trade balance, previous -20.6B, expected -18.5B.
• (0600 GMT/1130 IST) U.K. Industrial Produc on, previous -0.6, expected 0.0.
• (0600 GMT/1130 IST) U.K. Manufacturing Produc on, previous -0.4, expected 0.0.
• (0630 GMT/1200 IST) Swiss PPI, previous 0.8, expected 0.9.
• (1230 GMT/1800 IST) U.S. PPI, previous 1.4, expected 0.5.
• (1230 GMT/1800 IST) U.S. Core PPI, previous 1.0, expected 0.6.
• (1230 GMT/1800 IST) U.S. Unemployment Claims weekly, previous 200K, expected 190K.
Economic Events Ahead:
• (1535 GMT/2105 IST) Canada Gov Council member Gravelle Speaks.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched up 0.16% to 104.02 points.

3. AUD / USD
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
0.6955
R2 S2
0.6981
R3 S3
0.7001
R4
Commentary
S4
0.7026
Buy Above 0.6955
0.6990
0.6920
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.6898
0.6851
0.6930
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
AUD/USD: The Aussie falls sharply against U.S. dollar and hits lowest level since July 2020. Today
pair made intraday high at $0.6953 and low at $0.6904 mark.Aday chart and H1 chart with triple EMA
suggest down trend for the time being. A sustained close above $0.6955 on H1 chart requires for the
upside rally.Alternatively, a consistent close below $0.6900 will check further supports.
0.6900
0.6876
0.6850
0.6818
MAY,
2022

4. BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.0530
R2 S2
1.0555
R3 S3
1.0582
R4
Commentary
S4
1.0622
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-
Time Frame: H1
EUR/USD: The euro moves in stiff boundaries on Thursday and remains well supported above
$1.0500 mark. The pair made intraday high at $1.0529 and low at $1.0507 mark. Today triple EMAon
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 $1.0500 on H1 chart
will check further supports.
EUR / USD
1.0500
1.0480
1.0465
1.0430
Buy Above 1.0530
1.0555
1.0510
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.0510
1.0486
1.0532
– Take Profit
– Stop Loss
Trade Idea
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
MAY,
2022

5. BUY SELL
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Technical Summary
H 1
FIBO Levels PIVOT
R1 S1
1.2250
R2 S2
1.2278
R3 S3
1.2301
R4
Commentary
S4
1.2330
Buy Above 1.2250
1.2282
1.2215
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2198
1.2160
1.2230
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
GBP/USD: The sterling depreciates on Thursday ahead of U.K. Prelim GDP data and hits lowest
level since May 2020. Today pair made intraday high at $1.2252 and low at $1.2210 mark.Aday chart
and H1 chart with triple EMA suggest bearish trend for the time being. A sustained close above
$1.2250 on H1 chart will check key resistances. Alternatively, a consistent close below $1.2190 will
check further supports.
USD
1.2190
1.2158
1.2122
1.2101
GBP/
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
MAY,
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
1.3015
R2 S2
1.3032
R3 S3
1.3067
R4
Commentary
S4
1.3098
Buy Above 1.3020
1.3050
1.2989
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2976
1.2941
1.3002
– 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 lower note and remains well supported above 1.3000
mark. Today the pair made intraday high at 1.3013 and low at 1.2976 mark. Today a day chart and H1
chart with triple EMA suggest bullish trend for the time being. A sustained close above 1.3015 on H1
chart requires for the upside rally.Alternatively, a consistent close below 1.2981 on H1 chart will check
key supports too.
USD /CAD
1.2981
1.2955
1.2920
1.2901
MAY,
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
130.15
R2 S2
130.42
R3 S3
130.76
R4
Commentary
S4
130.99
Buy Above 130.00
130.27
129.71
– Take Profit
– Stop Loss
Trade Idea
Sell Below 129.51
129.10
129.81
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
USD/JPY: The Japanese yen recovers slightly from previous losses and remains well supported
below 130.00 mark. The pair made intraday high at 130.05 and low at 129.50 mark. The triple EMAon
a day chart is up and H1 chart suggests down trend for the time being.Asustained close above 130.00
on H1 chart requires for the upside rally.Alternatively, a consistent close below 129.55 on H1 chart will
check further key supports.
USD /JPY
129.50
129.28
129.09
128.84
MAY,
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
1857
R2 S2
1862
R3 S3
1868
R4
Commentary
S4
1874
Buy Above 1858
1865
1851
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1847
1840
1853
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): Gold remained highly volatile after robust CPI data and hovers around $1,850
mark. Today pair made intraday high at $1,858 and low at $1,850 mark.Aday chart and H1 chart with
triple EMA suggest down trend for the time being. A sustained close above $1,857 on H1 chart
requires for the upside rally.Alternatively, a consistent close below $1,847 on H1 chart will test further
supports. U.S. PPI, Core PPI data will remain in focus for the day.
XAU [GOLD]
USD
/
1847
1841
1836
1831
MAY,
2022

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