Hang Seng INDEX
Although booming that happening in tech stocks Hong Kong’s equities fell 75 points or 0.35% to 21,224 on Wednesday morning trade, shifting from gains in the prior session, as traders were cautious after US Fed Chair Powell said Tuesday that if the job market further strengthens in the coming months or inflation readings quicken, the central bank might have to raise interest rates higher than it now projects.
A risky Technical Sign appeared on the Chart Which refers to more falling to reach level 20000, This Area is considered a strong Support Level.
08-02-2023
HSI Hang Seng INDEX
By Tradingview
Microsoft Crop “MSFT”
Comments from Federal Reserve Chair Jerome Powell prompted wild swings in the market during Tuesday’s intraday trading, but the major U.S. equity averages eventually closed higher. The Nasdaq led the advance, climbing by 1.9%.
The raising that happened in the market maybe not be continue if we look at the chart which leads us to very strong resistance by level 268$.
Recently Market has focused on Tech Companies and their number which include all top countries like Chat GPT by BIDU in China.
08-02-2023
Microsoft Crop
Chart by: Tradingview
XTI_USD (OIL)
For a third day, Oil Continues the straight rising. Especially after U.S. Federal Reserve Chair Jerome Powell Speech Yesterday and investor concern eased about U.S. interest rate hikes and an industry report pointed to a drop in U.S. crude inventories.
Meanwhile, the less aggressive rate hike than China Opening forecasting to lead the demand side again in the market.
Brent crude rose 99 cents, or 1.2%, to $84.68 a barrel by 0912 GMT. U.S. West Texas Intermediate (WTI) crude climbed 93 cents, or 1.2%, to $78.07.
08-02-2023
XTI_USD (OIL)
Chart by: Tradingview
Gold (XAU_USD)
In a smooth movement compared to last week, Gold extended gains to a third session on today boosted by a weaker dollar and comments from Jerome Powell The Federal Reserve Chair while markets awaited more economic data for guidance on future rate hikes.
The robust increase showed the US economy continues to surge despite rising interest rates. It could convince the Federal Reserve to take a more hawkish stance after it raised interest rates by just 25 basis points last Wednesday, the smallest hike since it began tightening rates to slow inflation.
Spot XAUUSD rose by 0.5% to $1,881.84 per ounce by 10.45 GMT. U.S. gold futures added 0.4% to $1,883.20.
08-02-2023
Gold (XAU_USD)
Chart by: Tradingview
Twitter Version
Hang Seng INDEX
Although booming that happening in tech stocks Hong Kong’s equities fell 75 points or 0.35% to 21,224 on Wednesday morning trade, shifting from gains in the prior session, as traders were cautious after US Fed Chair Powell.
Microsoft Crop “MSFT”
Comments from Federal Reserve Chair Jerome Powell prompted wild swings in the market during Tuesday’s intraday trading, but the major U.S. equity averages eventually closed higher. The Nasdaq led the advance, climbing by 1.9%.
XTI_USD (OIL)
For a third day, Oil Continues the straight rising. Especially after U.S. Jerome Powell Speech Yesterday and investor concern eased about U.S. interest rate hikes and an industry report pointed to a drop in U.S. crude inventories.
Gold
In a smooth movement compared to last week, Gold extended gains to a third session on today boosted by a weaker dollar.
