August 2022 – Page 50 – UAG Trade Asia

EUR/JPY IG Client Sentiment: Our data shows traders are now net-long EUR/JPY for the first time since Mar 09, 2022 when EUR/JPY traded near 128.34.

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/JPY-bearish contrarian trading bias.

August 2, 2022
Business
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BENGALURU, Aug 2 Reuters Shares of Indian food delivery firm Zomato Ltd jumped more than 18 on Tuesday and were set for their best session, a day after the Ant Groupbacked company recorded more orders and narrowed its losses in the June quarter. The Gurugrambased company, which operates in more than 1,000 towns and cities in India, […]

August 2, 2022
Business
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MILAN, Aug 2 Reuters Italy39;s top insurer Assicurazioni Generali said on Tuesday it would increase prices to keep up with rising costs, and maintained its financial targets after a strong life business helped it beat firsthalf earnings expectations. Generali, which on Wednesday will kick off its first share buyback in 15 years, reported a first half […]

Gold Price Technical Forecast: Gold Rally Faces First Major Test

Gold has surged more than 6.3% off the yearly lows with a two-week rally now approaching the first test of resistance. Levels that matter on the weekly technical chart.

August 2, 2022
Politics
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SYDNEY, Aug 2 Reuters Australia39;s central bank on Tuesday raised interest rates for a fourth month running, but tempered guidance on further hikes as it forecast faster inflation but also a slowdown in the economy. Wrapping up its August policy meeting, the Reserve Bank of Australia RBA lifted its cash rate by 50 basis points […]

August 2, 2022
Uncategorized
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Committee recommends average minimum wage hike of record 3.3 Rise reflects PM Kishida39;s resolve to redistribute wealth Minimum wage rise follows offer for higher pay by big firms Wage hikes must be sustainable rather than oneoff analyst TOKYO, Aug 2 Reuters Japan39;s average minimum wage is set to rise at a record pace this year, […]

US Dollar Price Action Setups: EUR/USD, GBP/USD, AUD/USD, USD/JPY

The US Dollar has continued to pullback as Treasury Yields have continued to fall, setting up reversal scenarios in USD/JPY.

August 2, 2022
Oil
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Factories squeezed by higher prices, weak customer demand OPEC meets on Wednesday to discuss whether to boost output Coming up API supply report, 2030 GMT LONDON, Aug 2 Reuters Oil slipped on Tuesday as investors absorbed a bleak outlook for fuel demand with data pointing to a global manufacturing downturn just as OPEC producers meet […]

S&P 500 and Nasdaq 100 Technical Outlook for the Days Ahead

U.S. stocks remain in recovery mode for now, but that could change any time in the coming weeks; levels & lines to watch.

August 2, 2022
Finance
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The G20’s tax plans — Pillar 1 and Pillar 2 — are intended to tax companies at a 15% minimum rate and steer tax income away from manufacturing-based nations and to market-based ones.

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EUR/JPY IG Client Sentiment: Our data shows traders are now net-long EUR/JPY for the first time since Mar 09, 2022 when EUR/JPY traded near 128.34.

Indias Zomato on Track for Best Day after Strong Quarter

Generali Confirms Targets as Life Business Lifts Profits

Gold Price Technical Forecast: Gold Rally Faces First Major Test

Australias CB Hikes Rates, says Policy not on PreSet Path

Japans Planned Record Minimum Wage Hike Opens Path to Sustained GDP Growth

US Dollar Price Action Setups: EUR/USD, GBP/USD, AUD/USD, USD/JPY

Oil Slips; Global Demand Concerns Weigh, OPEC Meeting Eyed

S&P 500 and Nasdaq 100 Technical Outlook for the Days Ahead

G20 tax plan’s loopholes may exempt whole countries, but not US

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