04/28 Market report

【Dow Jones】

US stock financial reports continues to be released - Azure cloud computing business shows further growth, Microsoft earnings bright, YouTube growth sharply reduced, Google parent company Alphabet revenue profits are expected. The top 5 technology giants report had Apple rising 0.7%, Amazon rising nearly 1%, Netflix and Facebook falling slightly and Google falling sharply by 3.5%.

The Dow Jones index is mixed with some good and bad earnings and eventually closed with a small decline.

The Alligator shows a death crossover and the low-end figure of the KD indicate that the current Dow Jones Index still has a bearish advantage. Investor are advised not to trade too aggressively.

USA30-D1

Resistance point 1: 33800 / Resistance point 2: 34200 / Resistance point 3: 34500

Support point 1: 32800 / support point 2: 32500 / support point 3: 32000

【Euro】

The Dollar Index (DXY), which tracks the dollar's major currency, rose 0.65 percent to 102.97, with a high of 103.28. It is the highest since January 2017.

CME Group's FedWatch tool shows that traders expect the Fed to raise interest rates by two yards in next week's meeting, as well as two yards in June and July.

Fears of weak economic growth after Russia stopped supplying gas to parts of Europe prompted the euro to depreciate the $1.06 mark.

The euro continues to bottom out, all the way down below the low.

From the technical line, Alligator shows a death crossover while the KD shows a low-end figure. The next support below is still far away.

EURUSD-D1

Resistance point 1: 1.06000 / Resistance point 2: 1.06500 / Resistance point 3: 1.06800

Support point 1: 1.05000 / support point 2: 1.04500 / support point 3: 1.04200

【Gold】

SPDR Gold Shares (GLD), the world's largest gold ETF, saw its gold holdings fall by 1.74 metric tons to 1,099.49 metric tons on 27th Apr.

Driven by inflation aversion and rising investment demand for gold ETFs, the US and the UK became the top two markets for Swiss gold exports in March.

Swiss Customs, the largest gold exporter, released data on April 26 that Switzerland's gold exports to the United States rose to 81.5 metric tons in March from 3.5 metric tons in the previous month. This is a new high since May 2020.

Gold, which has fallen below the recent swing lows, continues to go lower. Alligator shows a death crossover while the KD is a low-end figure. Although the situation of the Russian war is gradually intensifying, the movement has been suppressed by the strong US dollar.

XAUUSD-D1

Resistance point 1: 1900.00 / Resistance point 2: 1930.00 / Resistance point 3: 1950.00

Support point 1: 1870.00 / support point 2: 1850.00 / support point 3: 1830.00

【Crude Oil】

Russia's plan to cut off gas supplies to Poland and Bulgaria has escalated tensions in the West.

Russian Foreign Minister Sergei Lavrov also warned that there is a considerable risk of armed conflict spreading beyond Ukraine.

The price of crude oil is holding near $100 per barrel. Alligator shows a entanglement while the KD shows a gold crossover. This indicates that the buying strength of crude oil is supported below. The volatility is gradually shrinking and it seems that the market is waiting on a catalyst for a breakthrough.

USOIL-D1

Resistance point 1: 103.800 / Resistance point 2: 105.500 / Resistance point 3: 107.200

Support point 1: 101.500 / support point 2: 98.200 / support point 3: 95.800

OnePro Special Analyst

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