DAILY ANALYSIS 10 AUGUST 2022

US indices finished yesterday’s session lower. S&P 500 dropped 0.42%, Dow Jones moved 0.18% lower while Nasdaq fell 1.19%. Russell 2000 plunged 1.66%

Indices from Asia-Pacific traded mostly lower today. Nikkei fell 0.74%, S&P/ASX 200 lost 0.32% while Kospi dropped 0.70%. Indices from China traded lower.

DAX futures point to a slightly higher opening of the European cash session

China July CPI 2.7% y/y below analysts’ estimates of 2.9%

Elon Musk sold 7.92 million shares in Tesla worth $ 6.9 billion according to SEC filings.

China implemented partial lockdowns in Xinjiang

Fed’s Bullard says it’s too early to claim inflation has peaked

Cryptocurrencies are trading lower today. Bitcoin fell 1.5% and Ethereum lost nearly 2.0%

Oil is trading over 0.60% lower. WTI trades near $90.00 per barrel while Brent is testing $95.85 mark

Downbeat moods prevail on the precious metals market. Gold trades 0.40% lower and silver dropped 0.50%

JPY and NZD are the best performing major currencies while AUD and CHF lag the most

US500 once again failed to break above the major resistance zone around 4190 pts. Source: xStation5