Icon close
  • Tenga en cuenta que el sitio web está destinado a personas que residen en jurisdicciones donde el acceso está permitido por ley. STARTRADER y sus entidades afiliadas no están establecidas ni operan en su jurisdicción de origen. Al invertir a través de este sitio web, es importante comprender que no está regulado por la Comisión Nacional del Mercado de Valores (CNMV) y usted no tendrá las protecciones que brinda la CNMV.

    Si decide continuar y visitar este sitio web, reconoce y confirma lo siguiente:

    1. STARTRADER no tiene sede en España ni licencia de la CNMV.
    2. Usted accede al sitio web por iniciativa propia y STARTRADER no se lo ha solicitado de ninguna manera.
    3. Desea obtener información de este sitio web, que se proporciona mediante solicitud inversa de acuerdo con las leyes de su jurisdicción de origen.
    4. Invertir a través de esta web no te otorga las protecciones previstas por la CNMV.
    5. Si decide invertir a través de este sitio web o con cualquiera de las entidades de STARTRADER, estará sujeto a las normas y regulaciones de las autoridades reguladoras internacionales pertinentes, no a la CNMV.

    STARTRADER quiere dejar claro que se encuentra debidamente licenciado y autorizado para ofrecer los servicios y productos financieros derivados enumerados en el sitio web. Las personas que acceden a este sitio web y registran una cuenta comercial lo hacen por su propia voluntad y sin solicitud previa.

    Al confirmar su decisión de continuar e ingresar al sitio web, por la presente afirma que esta decisión fue iniciada únicamente por usted y que ninguna entidad de STARTRADER ha realizado ninguna solicitud.

  • Si prega di notare che il sito web è destinato a individui residenti in giurisdizioni dove l'accesso è permesso dalla legge. STARTRADER e le sue entità affiliate non sono né stabilite né operanti nella vostra giurisdizione di residenza. Quando si investe tramite questo sito web, è importante comprendere che non è regolamentato dalla Commissione Nazionale per le Società e la Borsa (CONSOB), e non si avranno le protezioni offerte dalla CONSOB.

    Se si sceglie di procedere e visitare questo sito web, si riconosce e si conferma quanto segue:

    1. STARTRADER non ha sede in Italia né è autorizzata dalla CONSOB.
    2. Si sta accedendo al sito web di propria iniziativa e non si è stati sollecitati in alcun modo da STARTRADER.
    3. Si desidera ottenere informazioni da questo sito web, che sono fornite su base di sollecitazione inversa in conformità con le leggi della propria giurisdizione di residenza.
    4. Investire tramite questo sito web non concede le protezioni fornite dalla CONSOB.
    5. Se si sceglie di investire tramite questo sito web o con una qualsiasi delle entità STARTRADER, si sarà soggetti alle regole e ai regolamenti delle relative autorità di regolamentazione internazionali, non alla CONSOB.

    STARTRADER desidera chiarire che è debitamente autorizzata e abilitata ad offrire i servizi e i prodotti derivati finanziari elencati sul sito web. Gli individui che accedono a questo sito web e registrano un conto di trading lo fanno completamente di loro iniziativa e senza sollecitazioni precedenti.

    Confermando la vostra decisione di procedere ed entrare nel sito web, affermate che questa decisione è stata iniziata esclusivamente da voi, e che non è stata fatta alcuna sollecitazione da parte di alcuna entità STARTRADER.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

4 July

market news summary

U.S. Dollar Index (USDX)

US Dollar Index graph candle for 4 July 2022

The dollar kept trade-sensitive currencies pinned near multi-year lows on Monday and the euro was under pressure as investors sought safety due to worries about slowing global growth.

The U.S. dollar index stood at 105.100, not far below last month’s two-decade high of 105.790. The Atlanta Federal Reserve’s much-watched GDP Now forecast has slid to an annualized -2.1% for the second quarter, implying the country was already in a technical recession.

Technically:

The daily chart indicates a continuation of the uptrend in the long term towards a new all-time high. Technical indicators can’t confirm the continuation while moving averages show horizontal signals. The hourly chart shows an upward movement but keeps the tendency for a slight decline on the way.

PIVOT POINT: 104.60

SUPPORTRESISTANCE
104.40105.00
104.00105.30
103.60105.40

Euro (EURUSD)

Euro Graph candle for 4 July 2022

Data showed euro zone inflation surging to another record, adding to the case for the European Central Bank to hike interest rates this month.

While the common currency was steady at $1.0435 on Monday, it is barely above May’s five-year trough of $1.0349 and highlights the market’s preference for dollars as gloom clouds the outlook.

Technically:

The Euro pair remains to drown overall despite the support above 1.0400 and 1.0420. Meanwhile, on the hourly chart, the EURUSD traded upwards this morning bouncing from two weeks low. The pair show shows for decline continuation towards 1.0375 and technical indicators confirm the signal.

PIVOT POINT: 1.0420

SUPPORTRESISTANCE
1.03751.0480
1.03201.0510
1.02801.0530

Australian Dollar (AUDUSD)

Australian Dollar graph candle for 4 July 2022

Australia’s central bank meets on Tuesday and investors are also awaiting the publication of minutes from last month’s Federal Reserve meeting on Wednesday, and U.S. employment data on Friday.

Markets have priced in a 40 basis point (bp) hike in Australia, so the Aussie may not catch much of a boost if that is delivered.

The Australian dollar hit two-year lows on Friday at 0.6764, while the Aussie traded down 0.3% to $0.6796 this morning.

Technically:

The Aussie remains within the primary downtrend towards 0.6700 on the daily chart while the hourly chart shows some fluctuations. The 55-periods moving average signals resistance at the current levels around 0.6860 on the hourly chart. Meanwhile, the 20-preiods moving average show a fluctuation and a possibility of a decline.

Technical indicators signal a possibility of a short continuation of the corrective movement before the down swing on the hourly chart.

PIVOT POINT: 0.6820

SUPPORTRESISTANCE
0.68100.6870
0.67750.6900
0.67000.6960

Spot Gold (XAUUSD)

Spot gold graph candle for 4 July 2022

Gold inched higher as weakness in Treasury yields kept prices above the $1,800 mark. Spot gold was up 0.1% at $1,811.99 per ounce while gold futures rose 0.6% to $1,812.10. Bullion prices hit a five-month low of $1,783.50 on Friday. Benchmark U.S. 10-year Treasury yields fell to their lowest level in a month on Friday, buoying non-yielding bullion.

Technically:

Gold broke below the support at $1,800 which confirms a drop towards $1,785. The daily chart, however, show a continuation of the negative trend towards $1,750 unless the prices pounced to 1,840, which is technically not as easy as the decline.

PIVOT POINT: 1,810

SUPPORTRESISTANCE
1,8001,820
1,7851,814
1,7501,842

West Texas Crude (USOUSD)

West Texas Crude graph candle for 4 July 2022

Oil prices fell on Monday, paring gains from the previous session, as fears of a global recession weighed on the market even as supply remains tight amid lower OPEC output, unrest in Libya, and sanctions on Russia.

Brent crude futures for September slipped 0.3% to $111.27 a barrel.

Meanwhile, WTI crude futures for August delivery dropped 0.3% to $108.09 a barrel.

Oil supply concerns remain, preventing steeper price falls. Output from the 10 members of OPEC in June fell 100,000 barrels per day (bpd) to 28.52 million bpd, off their pledged increase of about 275,000 bpd, a Reuters survey showed.

Technically:

On the hourly chart, WTI prices show a decrease in volume traded due to the worries about the global growth and consumption. However, the daily chart confirms the high probability of the decline and targets $98 a barrel before any serious gains happen.

PIVOT POINT: 106.50

SUPPORTRESISTANCE
103.40108.30
102.20109.50
100.00111.00

STARTRADER

Online Trading App

App Score
Install