How the US dollar became king of Reserve Currency? - Capital Street FX
INTRODUCTION
You may be wondering how the US dollar became the most powerful reserve currency. Here’s a look at some of the factors that have helped make it a global powerhouse.
INTRODUCTION TO BRETTON WOODS AGREEMENT
You may be wondering how the US dollar became the most powerful reserve currency.
Well, it all started with the Bretton Woods Agreement. This was an agreement that was made in 1944 between 44 Allied nations who wanted to rebuild the global economy after World War II. Under this agreement, the US dollar was converted into gold, which established a system of payments based on the dollar. This helped to stabilize global currencies and prevented economic collapse.
In addition, Bretton Woods also established a system of fixed currency exchange rates using gold as the universal standard. This meant that countries could exchange their currency for US dollars, which would then be exchanged for gold. This allowed international trade to flourish and prevented economic instability.
Technical and Fundamental Report on - Forex, Index, Crypto, Commodity - 21 September 2022
Technical and Fundamental Report on – Forex, Index, Crypto, Commodity – 21 September 2022
Index Analysis
Asian Pacific stock markets sank on Wednesday. The Shanghai Composite is down 0.36% at 3,111.18. Overall, the Singapore MSCI is down 0.50% at 290.75. Over in Hong Kong, the Hang Seng Index is down 1.35% at 18,501.00. In Japan, the Nikkei 225 is down 1.20% at 27,120.00, while the Topix index is down 1.17% at 1903.50. South Korea’s Kospi is down 0.77% at 2,349.60. Australia S&P/ASX…
Read here - What is Fundamental Analysis?, What is Technical Analysis? and Which one is better - Technical Analysis or Fundamental Analysis?
Which One Is Better – Technical Or Fundamental Analysis?
There is a strong debate between fundamental and technical analysis. Advocates of one type of analysis frequently dismiss the alternative, but they are mistaken in thinking that both have merit.
Long-term investments benefit more from the use of fundamental research, whilst short-term trading and market timing benefit more from the use of technical analysis. To plan and carry out investments over the long term, both might be used in combination.
Supply and demand, which in turn are influenced by a lot more than what is normally considered in fundamental analysis, cause short-term price changes. Only by analyzing price and volume information can one analyze market mood and the impact of emotion on market behavior.
However, charts cannot be used to estimate a stock’s future worth or identify whether it is under or overpriced. Charts are historical records of events, and the larger the time range, the less value they have.
Technical Analysis Report is an art of understanding market moving average to predict future patterns. by using historical price charts
Asian Pacific stock markets sank on Wednesday. The Shanghai Composite is down 0.01% at 3,242.96. Overall, the Singapore MSCI is down 1.07% at 285.30. Over in Hong Kong, the Hang Seng Index is down 1.56% at 18,839.00. In Japan, the Nikkei 225 is down 0.87% at 27,360.00, while the Topix index is down 0.65% at 1912.00. South Korea’s Kospi is down 1.55% at 2,372.62. Australia S&P/ASX 200 down 1.51% at 6723.10.
Top News of the Day:
Most Asian stock markets sank on Wednesday amid growing fears of more monetary policy tightening by the Fed, while weaker-than-expected Chinese trade data also weighed on sentiment.
Tech-heavy Taiwan and Hong Kong stocks were the worst performers in the region, losing 1.6% and 1.8%, respectively, amid jitters over rising U.S. interest rates.
European equities Tuesday closing. The DAX futures contract in Germany traded up 0.87% at 12,871.44, CAC 40 futures up 0.19% at 6104.62 and the UK 100 futures contract in the U.K. up 0.18% at 7,300.45.
In the U.S. on Wall Street, the Dow Jones Industrial Average closed down 0.55% at 31145.31. The S&P 500 down 0.41% at 3908.20 and the Nasdaq 100 down 0.72% at 12011.31, NYSE closes down 0.39% at 14631.51.
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Top Market News Today:
In the Forex market, GBPUSD down 0.29% at 1.1482. The USDJPY up 0.74% at 143.852. The USDCHF up 0.12% at 0.9844. EURUSD down 0.05% at 0.9897, EUR/GBP up 0.28% at 0.8620. The USD/CNY up 0.25% at 6.9720 at the time of writing.
In the Commodity market U.S. Gold futures down 0.37% at $1,695.15. Elsewhere, Silver futures down 0.33% at $17.919 per ounce, Platinum down 0.14% at $849.87 per ounce, and Palladium down 0.85% at $1987.90.
Crude Oil down on Wednesday; Brent Crude Oil down 1.51% at $91.37 per barrel while U.S. West Texas Intermediate (CLc1) down 1.81% at $84.99.
In the Cryptocurrency Markets, Bitcoin at 18555.00 down 0.43%, Ethereum down 4.00% at 1490.00, Litecoin at 53.85 down 0.43%, at the time of writing.
Top Market Segment to Watch Out Today:
CRUDE OIL: Oil prices fell more than $1 on Wednesday to their lowest since before Russia invaded Ukraine as COVID-19 curbs in top crude importer China and expectations of more interest rate hikes spurred worries of a global economic recession and lower fuel demand.
Brent crude futures fell $1.35, or 1.5%, to $91.48 a barrel by 0420 GMT after slipping 3% in the previous session. The contract hit a session low of $91.35, the lowest since Feb. 18. U.S. West Texas Intermediate crude futures shed $1.55, or 1.8%, to $85.33. The benchmark fell to a session low of $85.17, the lowest since Jan. 26.
Economic News:
US: The U.S. services industry picked up again in August for the second straight month amid stronger order growth and employment, while supply bottlenecks and price pressures eased, reinforcing the view that the economy was not in recession despite output sinking in the first half of the year.
The Institute for Supply Management said its non-manufacturing PMI edged up to a reading of 56.9 last month from 56.7 in July, the second consecutive monthly increase after three months of declines.
Economists polled by Reuters had forecast the non-manufacturing PMI decreasing to 54.9. A measure above 50 indicates expansion in the services sector, which comprises more than two-thirds of U.S. economic activity.
The growth in services followed the ISM’s manufacturing survey last Thursday, which also showed U.S. factory activity grew steadily last month, bucking a trend in other major economies and providing further evidence the economy was not in recession despite gross domestic product contracting in the first half of the year.
Eurozone: British construction companies suffered a second straight month of contraction in the face of deep uncertainty about the outlook for the inflation-hit economy, a survey showed on Tuesday.
The S&P Global/CIPS construction Purchasing Managers’ Index (PMI) came in at 49.2 in August, edging up from 48.9 in July but staying below the 50.0 threshold denoting growth.
Economists polled by Reuters had forecast a fall to 48.0.
New orders showed the weakest growth since June 2020 and concerns about the sector and the wider economy hit confidence, he said.
Job creation slowed but price pressures were their weakest since February 2021, a potential silver lining for the Bank of England as it monitors the impact of inflation in the labour market and the broader economy.
Fundamental Analysis – 07 September 2022 | Capital Street fx
Fundamental Analysis – 07 September 2022 | Capital Street fx
Fundamental Analysis
Asian Pacific stock markets sank on Wednesday. The Shanghai Composite is down 0.01% at 3,242.96. Overall, the Singapore MSCI is down 1.07% at 285.30. Over in Hong Kong, the Hang Seng Index is down 1.56% at 18,839.00. In Japan, the Nikkei 225 is down 0.87% at 27,360.00, while the Topix index is down 0.65% at 1912.00. South Korea’s Kospi is down 1.55% at 2,372.62. Australia…
Technical analysis of forex Pair - 07 September 2022
Technical analysis of forex
In the Forex market, GBPUSD down 0.29% at 1.1482. The USDJPY up 0.74% at 143.852. The USDCHF up 0.12% at 0.9844. EURUSD down 0.05% at 0.9897, EUR/GBP up 0.28% at 0.8620. The USD/CNY up 0.25% at 6.9720 at the time of writing.
Technical analysis of forex Pair - 07 September 2022
Technical analysis of forex Pair – 07 September 2022
In the Forex market, GBPUSD down 0.29% at 1.1482. The USDJPY up 0.74% at 143.852. The USDCHF up 0.12% at 0.9844. EURUSD down 0.05% at 0.9897, EUR/GBP up 0.28% at 0.8620. The USD/CNY up 0.25% at 6.9720 at the time of writing.
Forex Technical Analysis
GBPUSD Technical Analysis
TRADE SUGGESTION- SELL AT 1.1474, TAKE PROFIT AT 1.1448 AND STOP LOSS AT 1.1497
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Technical Analysis Report By CSFX Experts - 06 September 2022
Technical Analysis Report By CSFX Experts – 06 September 2022
TOP MARKET Technical Analysis NEWS TODAY:
In the Forex market, GBPUSD up 0.45% at 1.1568. The USDJPY up 0.35% at 141.054. The USDCHF flat at 0.9795. EURUSD up 0.29% at 0.9956, EUR/GBP down 0.14% at 0.8604. The USD/CNY up 0.11% at 6.9413 at the time of writing.
In the Commodity market U.S. Gold futures up 0.48% at $1,717.23. Elsewhere, Silver futures up 1.05% at $18.308 per ounce, Platinum up…
Asia-Pacific stocks were mixed on Wednesday morning. The Shanghai Composite is up 0.07% at 3,279.64. Overall, the Singapore MSCI is up 0.05% at 293.65. Over in Hong Kong, the Hang Seng Index is down 1.06% at 20,665. In Japan, the Nikkei 225 is up 0.40% at 27,760.00, while the Topix index is up 0.18% at 1947.50. South Korea’s Kospi is up 0.11% at 2,415.53. Australia S&P/ASX 200 up 0.23% at…
Stock Market Technical Analysis Summary as per 25/07/2022:
European equities Monday closing. The DAX futures contract in Germany traded down 0.38% at 13,158.72, CAC 40 futures down 0.23% at 6223.02 and the UK 100 futures contract in the U.K. up 0.53% at 7,345.47.
In the U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.28% at 31990.05. The S&P 500 up 0.13% at 3966.83 and the…
GOLD TECHNICAL ANALYSIS: WEEKLY CHART
In the weekly charts, GOLD is trading in an upward channel.
It is trading above all SMAs: MA (5), MA (20), and MA (50).
The immediate support is at 1912 and the resistance level is at 1992.
GOLD is trading in an upward channel until there is a trend reversal.
GOLD TECHNICAL ANALYSIS: DAILY CHART
In the daily charts, GOLD is trading below its previous…
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Technical Analysis of the Financial Markets, Technical Analysis is the art of forecasting future price movement.
Technical Analysis – Asian shares staged a recovery on Tuesday on receding worries about the impact of the Omicron variant. The Shanghai composite is down 0.17% at 3,583.77. Overall, the Singapore MSCI down 0.22% at 343.00. Over in Hong Kong, the Hang Seng Index up 2.03% at 23,806.00. In Japan, the Nikkei 225 up 2.30% at 28,490.00, while the Topix index is up 2.26% at 1987.0. South Korea’s Kospi up 0.58% to 2991.22. Australia S&P/ASX 200 up 0.95% at 7313.9.
European equities Monday closing. The DAX futures contract in Germany traded up 1.39% at 15380.79, CAC 40 futures up 1.48% at 6865.79 and the UK 100 futures contract in the U.K. up 1.54% at 7,232.29.
In U.S. on Wall Street, the Dow Jones Industrial Average closed up 1.87% at 35227.04. The S&P 500 up 1.17% at 4591.68 and the Nasdaq 100 up 0.85% at 15846.16, NYSE closes up 1.49% at 16591.96.
In the Forex market, GBPUSD up 0.18% at 1.3286. The USDJPY up 0.20% at 113.70. The USDCHF down 0.03% at 0.92431. EURUSD up 0.11% at 1.12956, EUR/GBP down 0.03% at 0.8502. The USD/CNY down 0.12% at 6.3684 at the time of writing.
In the commodity market U.S. Gold futures up 0.20% at $1,781.92. Elsewhere, Silver futures up 0.28% to $22.43 per ounce, Platinum up 0.69% at $943.50 per ounce, and Palladium down 0.30% at $1844.50.
Crude Oil up on Tuesday; Brent crude oil up 0.38% at $73.92 per barrel while U.S. West Texas Intermediate (CLc1) is up 3.56% at $69.44.
In the Cryptocurrency Markets, Bitcoin at 51248.87 up 1.37%, Ethereum up 0.31% at 4370.65, Litecoin at 160.53 down 0.71%, at the time of writing.
TECHNICAL SUMMARY
GBPUSD
TRADE SUGGESTION- SELL AT 1.32821, TAKE PROFIT AT 1.32509 AND STOP LOSS AT 1.33026
Citigroup Inc (NYSE:C) is trading down 1.16% at 67.28
Citigroup Inc (NYSE:C) is planning to split the operations and technology functions of its unit, Institutional Clients Group, which contributed about 63% of the Wall Street bank’s total third-quarter revenue.
