DAILY ANALYSIS 12 AUGUST 2022

US indices finished yesterday’s session mixed. S&P 500 fell 0.07%, Dow Jones rose 0.08% while Nasdaq lost 0.58%. Russell 2000 added 0.31%
Similar moods prevailed during the Asia session. Nikkei surged 2.38%, S&P/ASX 200 fell 0.68% while Kospi rose 0.15%. Indices from China struggle to find common direction.
DAX futures point to a higher opening of the European cash session
Fed’s Daly said that base case is 50 bp rate hike in September, however central bank is open to 75 bp hike
IEA raised its outlook for 2022 oil demand by 380,000 bpd
Goldman Sachs expects that oil price will reach $130.00 level by year end
AUDUSD pair is “likely to falter back to the 0.68-0.69 area” according to Westpac
Cryptocurrencies are trading slightly lower today. Bitcoin fell 1.0% and Ethereum fell 0.8%
Oil is trading 0.60% lower. WTI fell below $94.00 per barrel while Brent is testing $99.00 mark
Upbeat moods prevail on the precious metals market. Gold trades 0.17% higher and silver jumped 0.80%
NZD and AUD are the best performing major currencies while JPY and CHF lag the most
JAP225 – Japanese index jumped over 1.5% in post-holiday trade on Friday and is currently testing key resistance at 28400 pt,s which is marked with previous price reactions and upper limit of the ascending channel.