Market Update – August 23 – Dollar Dips, Equities Hold gains

Market News Today

USD (USD Index 93.32) آج نیچے ہے لیکن93.00 سے اوپر.Yields (10yr 1.26%) بھی نیچے
(USA 500 +0.81)4441 پر بند ہوا.Weekend .FUTS at 4451 افغانستان میں خرابی جارہی.
Delta variant اب بھی موجودJapanese PM Suga کو Elections میںMajor reverse کا سامنا.
Overnight AUD-JPY میں PMI’s نےExpectations کیئے.USOIL اب 7 دن کے Fall کے بعد اوپرGold .$62.85 اب$1785 پر.

European Open

September 10-year Bund future اب Risk appetite .down مارکیٹ میں موجود.Tapering concerns کی وجہ سے DAX &FTSE اوپرUS Future around 0.4% .
Japan PMI میں بہت معمولی تیزی نظر آئی Contraction کے دوران.European readings ابExpansion Territory میں. Virus کے بڑھنے کے Risk اور Vaccine کی کامیابی پر سوال.
Supply Chain disruption اورJackson Hole virtual event ہوگاAction Economics کے حساب سے September سے پہلےJackson Hole میں Taper کا ذکر ہوجائے گا.

Today – EZ, UK, US Flash PMIs, US Existing Home Sales.


Biggest Mover

US Oil(+1.90%). سات دن کی Losing streak ختم$61.35 سے بڑھ کر آج$63.00 اب
Faster MA .$62.85 اوپر. MACD اورHistogram ہیں 0 سے نیچے مگر بڑھ رہے ہیں. RSI 55 اور بڑھ رہا ہے.MFI 110 تقریبا Over bought .Daily ATR 2.15, H1 ATR 0.35


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Stuart Cowell

Head Market Analyst

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