🌏DAILY NEWS HIGHLIGHTS! 🌏 On 31 January 2022-

📌 Streaming video no longer impresses investors, so media companies need a next act. It may be time for streaming services to introduce more out-of-the box ways to grow subscribers. Netflix’s dramatic share plunge in January may put more pressure on legacy media companies to show growth.

📌 Blackstone Tees Up $11 Billion in Fresh Capital for Asia Deals. Blackstone is doubling down in Asia despite increasing risks from inflation and geopolitical tension.

📌 China Picks Cities, Entities to Take Part in Blockchain Trials. The program is aimed at “sufficiently letting the blockchain technology play its role in facilitating data sharing, optimizing business procedures, lowering costs, improving synergy and building reliable systems.”

📌 Stock Market Jitters Don’t Endanger Economy Yet. Recent market turmoil doesn’t mean the economy is about to be derailed, but rather the recovery is maturing and no longer needs low interest rates, economists and Fed officials.

📌 Drugmakers Raised Prices by 6.6% on Average Early This Year. Drug companies’ prescription-drug price increases were mostly in the single digits as Congress explores measures to curb high costs.

XAU/USD Price Forecast: Technical outlook

 

FOREX ADVICE CLUB

XAU/USD Price Forecast: Technical outlook

Gold is trading near the bottom of a Pitchfork’s channel, drawn from the beginning of December, as depicted by the daily chart. That trendline intersects with a downslope trendline, drawn from August 2020 swing highs, acting as resistance for the non-yielding metal around $1,790-$1,800. Furthermore, the daily moving averages (DMAs) reside above the spot price. Therefore, XAU/USD is downward biased.

The first support level would be December 15, 2021,  swing low at $1,753. A breach of the latter would expose October 6, 2021, a daily low at $1746, followed by September 29, 2021, a low at $1,721

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 The AUDUSD is trading to a new session low. Risk off sentiment is kicking in as the Nasdaq is now down -93 points and the S&P has also now turned negative on the day. The Dow is holding onto a 60 point gain.

Looking at the daily chart, the pair has entered into a swing area between 0.6992 and 0.70627. That area goes back to the end of 2019. In early November 2020, the pair bottomed one last time in that area before moving higher (peaking in February of 2021) at 0.75544.

Since that cycle high, the pair has steadily moved back down, ultimately retesting the 2019/2020 swing area in December 2021. The subsequent bounce higher saw the 100 hour MA stall the rise in early January 2022. On January 13, a try above the 100 day MA failed. The price retested the level last week, but again found sellers. Buyers turned to sellers again. The 100 day MA currently come in at 07264.

Drilling to the 4-hour chart below, the pair has most recently moved away from a lower swing area between 0.7080 to 0.7090 (see green numbered circles on the chart below). That area is now close risk. Stay below keeps the sellers more in control with the low target from the daily at 0.6992 (the low in December reached 0.69935 before bouncing), the next key target. Move below it, and the door opens more to the downside.

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📕Analysis on Gold on January 28, 2022:

- In yesterday's trading session, precious metal Gold continued to decline strongly from 1821 to 1791 ($30) and closed the day session with a bearish candle around 1797. However, gold's downward force is not possible.  debatable but in my personal opinion this decrease is likely to slow down today.

- Moving to the h4 time frame, we can see that Gold is in a recovering trend and I expect Gold to recover to around 1805 then it is likely to drop again.  So in the early trading session of this morning, we can surf above this price range and wait for the price reaction around 1805. One more thing, the 1785-1790 price zone is a relatively strong support zone in my opinion.  Gold will need more time if it wants to break, so investors can buy up today if Gold returns to this price range.

📕Prediction on Gold on January 27, 2022:

- In yesterday's session, precious metal Gold had a decline from 1849 to 1814 ($35) and closed the day session with a strong bearish candle around the 1819 price range. Although it closed with a candle.  declined but in my personal opinion Gold is currently entering a strong support zone and is likely to have a recovery at the beginning of today's session.

 - We can establish a buy position from the price zone 1812-1817.  This is a strong support zone for this precious metal with a safe target 1828-1830.

Dollar Rises Like A Ferrari

 LONDON (Reuters) - The dollar climbed to multi-week highs against other major currencies on Thursday, bolstered by the prospects for faster and larger interest rate hikes in the months ahead.

As London trade got under way, the dollar index held at its highest levels since mid-December, while the euro languished at two-month lows of $1.11930. The greenback also hit its highest levels in more than a year against the New Zealand dollar and a seven-week peak against Australia's currency.

It rose broadly against emerging market currencies as money markets moved swiftly to all but price in as many as five Federal Reserve rate rises this year.

The Fed concluded a two-day meeting on Wednesday and Fed chief Jerome Powell said the central bank was in a mind to begin hiking in March to tame inflation.

He stressed that no decisions had been taken, but answering a question about whether the central bank would consider a 50-basis point hike, he replied without ruling it out.

He said instead that the economy seemed stronger than in the most recent hiking cycle and inflation, much hotter with room to raise rates without "threatening" the labour market.

U.S. gross domestic product figures later on Thursday are expected to show annual growth at its strongest since 1984.

"While the market had already been priced for hikes, a lot of people were assuming that the Fed might be more sensitive to the equity market, which it wasn't," said Jane Foley, head currency strategist at Rabobank. "Also the Fed's mention the balance sheet has focused markets' mind on the withdrawal of stimulus."

Foley added that a shake-out of overly long dollar positions earlier in the month had left the greenback in a position to react to the latest Fed signalling.

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YUAN HIT

The dollar's overnight leap of 0.7% against the yen was its sharpest in more than two months, while Treasury yields shot higher and stock markets took a fresh beating as rate-hike prospects resonated.

The dollar index was last at 96.825, holding near its highest levels since mid-December.

The risk-sensitive Australian dollar was last down about 0.5% at $0.7077, having fallen to as low as $0.7064, while the New Zealand dollar fell 0.7% to $0.6597, a nearly 15-month trough.

Sterling fell to a one-month low at $1.3407 and was last down 0.4% on the day. Britain's pound is delicately balanced as traders keep a wary eye on Prime Minister Boris Johnson, who is under pressure after attending parties during lockdowns, and on next week's Bank of England meeting. [GBP/]

Elsewhere, China's yuan took a hit as data showed Chinese industrial profits grew at their slowest pace in more than 18 months, bolstering the case for policy support.

The yuan was on course for its steepest daily drop in more than a month in onshore trade and last traded at 6.3632 to the dollar. Emerging markets currencies across Asia also logged losses.[CNY/][EMRG/FRX]

After a battering last week, cryptocurrencies have mostly held their ground in the wake of the Fed's meeting, though bitcoin was last down 2% at $36,049.

Today's 25/01/2022 XAUUSD: (GOLD)

Gold has the same CHART as yesterday.  It seems to us that GOLD is waiting for FOMC MEETING UPDATES.  Anyway, according to the analysis we provided, there are currently 100 PIPS UP.  But with a big RESISTANCE AREA the GOLD price is holding up without letting up.  Somehow the GOLD price seems to be going up to 1860 LEVEL PRICE ACTION WISE.  We are waiting to see how GOLD REACT FOMC UPDATES.

USD & JPY Goes up & Down

The USDJPY has seen more up and down price action today continuing the price action seen on Friday. The pair did move below the low from Friday's trade, but found support near the low from January 14 at 113.474. It dipped briefly below the level to a low of 113.464, but quickly rebounded.

The subsequent move back higher saw the pair move into a topside swing area between 113.954 and 114.028 

 Sellers leaned against that area and pushed the price back down toward another swing area between 113.596 and 113.629. The price has been able to stay above that area. A break below is needed to solicit more selling with the lows near 113.47 as the next major target (obviously). Conversely, stay above the lower swing area (green numbered circles) and a rotation back toward the red numbered circles, would be the next target.

The USD and the JPY can both be safe haven currencies. That dynamic can neutralize the price action for this pair during volatile bearish price action in the US stock market. That is what we are seeing in the up and down price action over the last two days. Until it gets out of this bearish bias, we can expect more of the same going forward.

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Market Manufacturing PMI, Germany on 24 January 2022

WHAT IT INFLUENCES: EUR and its subsequent pairs

WHAT'S HAPPENING: The Manufacturing Purchasing Managers Index (PMI) released by Markit economics, captures business conditions in the manufacturing sector. As the manufacturing sector dominates a large part of the total GDP, the manufacturing PMI is an important indicator of business conditions and Germany's overall economic condition. Typically, a result above 50 signals is bullish for the EUR, whereas a result below 50 is seen as bearish.

Dollar got high today

LONDON/HONG KONG (Reuters) -The dollar inched higher on Monday, moving further off its recent two-month lows, lifted by the tension between Russia and the West over Ukraine and the possibility of a more hawkish stance from the Federal Reserve this week.

Markets were until recently not fretting about the massing of Russian troops on Ukraine's borders, but tensions have tightened several notches of late, with U.S. President Joe Biden considering boosting military assets in Eastern Europe and ordering diplomats' families to leave Kyiv.

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ING Bank strategist Francesco Pesole said markets were pricing more of a risk premium into the euro, with fears worsening that Russia's standoff with the West could prompt it to curb energy supplies to Europe.

Meanwhile, the IHS Markit Flash Composite Purchasing Managers' Index for the euro zone, a gauge of economic health, dropped in January to its lowest since last February.

The euro slipped 0.15% by 0845 GMT to $1.1325, trading just off two-week lows touched on Friday, while the dollar index was 0.10% higher at 95.72.

The greenback also gained 0.1% on the safe-haven yen with a dollar worth 113.8 yen, though the Japanese currency was still near its recent top of 113.47.

The dollar index has gained some 1.3% off since Jan. 14. During this period, several banks have upped forecasts for the speed and size of policy tightening by the U.S. Federal Reserve.

The Fed starts a two-day meeting on Tuesday and may signal the start of interest rate rises from March while indicating how fast it will move with reducing the size of its balance sheet.

Most expect the first hike to 0.25% in March and three more to 1.0% by year end..

However, positioning data showed on Friday speculators cut net long positioning on the dollar to the lowest since September and instead added $2.6 billion worth of net positions.

ING's Pesole said leaving aside the Ukraine situation, the dollar recovery could stall if the Fed signalled an implicit preference for balance sheet reduction as a means to tighten policy.

"If markets see the Fed willing to let balance sheet reduction do the heavy lifting, that may force a scaleback in forecasts for the number of rate hikes," he said.

"The dollar will find more support from actual rate hike expectations than expectations of draining liquidity out of the market."

The Australian dollar meanwhile slipped 0.25% to two-week lows of A$0.71.52 against the greenback, ahead of Tuesday data that may show core inflation at 2.4%, the fastest rate of price growth since 2014..

The one currency to hold firm against the dollar was the Chinese yuan, which rose 0.2% to the highest since May 2018 at 6.328

Finally, Bitcoin which has almost halved in value since touching a $69,000 record in November, looked at risk of falling under $34,000 for the first time since last July.

It lost 3.6% to trade around $34,962, while ether, the world's second-largest cryptocurrency, was at $2,379, having hit its lowest since July on Saturday

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We know about BTC

Ethereum was trading at $2,838.02 by 06:34 (11:34 GMT) on the Index on Friday, down 10.02% on the day. It was the largest one-day percentage loss since November 26, 2021.

The move downwards pushed Ethereum's market cap down to $340.50B, or 18.63% of the total cryptocurrency market cap. At its highest, Ethereum's market cap was $569.58B.

Ethereum had traded in a range of $2,812.19 to $3,032.69 in the previous twenty-four hours.

Over the past seven days, Ethereum has seen a drop in value, as it lost 11.17%. The volume of Ethereum traded in the twenty-four hours to time of writing was $19.90B or 18.90% of the total volume of all cryptocurrencies. It has traded in a range of $2,812.1914 to $3,388.2209 in the past 7 days.

At its current price, Ethereum is still down 41.65% from its all-time high of $4,864.06 set on November 10, 2021.

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Elsewhere in cryptocurrency trading

Bitcoin was last at $38,698.3 on the Investing.com Index, down 8.20% on the day.

Tether was trading at $1.0003 on the Investing.com Index, a gain of 0.00%.

Bitcoin's market cap was last at $735.81B or 40.26% of the total cryptocurrency market cap, while Tether's market cap totaled $78.29B or 4.28% of the total cryptocurrency market value.

Which technical analysis do you prefer for Intraday trading?

For intraday trading, one should know candle sticks well.

Candle stick is thought process of buyers and sellers at a particular point in time and you can predict the future steps by adding some indicators like Stochastics, RSI, moving average etc to ascertain your belief about a trade basis candle stick notification.

That’s about tools -

You could also ride the curve by buying or selling when a breakout or breakdown happens with heavy volume. My sense is 70% work on this strategy now a days.

Try these things and than adopt more versions.

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📕 Analysis on Gold on January 21, 2022:

  - After bouncing up to 1847 precious metals Gold fell to 1836, closing yesterday's session with a falling doji candle.  The fact that Gold cannot break through 1847 and close with a bearish candle shows that it is likely that after a strong rally, Gold is trying to accumulate a slight correction to bounce back in the near future.

 - In the beginning of today's session, I expect Gold to correct further and retest the 1830-1834 threshold, this is the area where the Gold price broke out on Wednesday.  Here we can establish a long position in precious metal Gold with a safe target around 1843-1845.

Can You Directly Invest in Bursa Market

 Investing in stocks means buying shares of ownership in companies listed on the bursa market. By investing in stock you are hoping that the company performs well and generates more profit so that your shares become more valuable. In such a situation market sentiments for shares grow and so do the prices. This increases the valuation of shares.

The best way to invest in the stock market is to start with an online investment account. You can put money in this account that can be then used to invest in shares, stocks, or mutual funds.

In this article, we will show you steps to invest in stocks -

1. Decide How You Want to Invest in Stock Market

There are several ways in which you can make an investment in the stock market. You can choose the stock on your own based on klse stock tips and Bursa Malaysia stock tips. Here it is important to consider the right type of account for trading.

2. Choose Good Investing Account

To invest in stocks you need an investment account. You can open a brokerage account with a broker if you need help with the investment of funds. You can also trade on your own based on stock tips Malaysia and current market conditions.

#3. Learn the Difference between Investing in Funds and Investing in Stocks

You can invest in funds as well as shares but there is a difference between both -

Investing in Funds - Mutual funds will let you purchase small pieces of many different stocks in a single transaction. So when you invest in mutual funds you own small pieces of many companies. This helps you to diversify the portfolio.

Investing in Stocks - You can invest in stocks of a single company or multiple companies separately. It is possible to build a diversified portfolio out of many stocks but you will need huge investment for the same. Make sure to get good klse stock tips before investing in stocks directly.

#4. Set Your Budget

Before investing in the share market you need to set a budget for investment. If you have a good budget you can get some expensive, high-return stocks directly. But if you are starting with a low budget then stock funds or exchange-traded funds might be a good option for you.

#5. Focus on Long Term Investment

Stock markets have proven to be the best way to grow the long-term wealth of individuals. The average stock market return has been 10% over decades. So focus on getting the shares that have good potentials in the long term.

If you are investing some of your funds for intraday trading then we suggest you read Malaysia intraday stock picks. This will give you a good picture of the market.

Final Word

We hope this article helps you to understand the steps that you need to follow before making any investment in the stock market.

Who will Help The AUSSIES As There is a Change in MAJOR and MINOR Currency Pairs

LONDON (Reuters) -The dollar dipped on Thursday as this week's rally in U.S. Treasury yields paused, while the Canadian and Australian dollars gained on the back of rising commodity prices and optimism about economic growth.

The euro and sterling rose after suffering their worst days in a month on Tuesday when the dollar was lifted by a jump in U.S. Treasury yields.

However, by 1100 GMT the initial gains had fizzled with investors cautious about the next move in government bond yields.

The European single currency was last at $1.1346, up slightly on the day and below an earlier high of $1.1369.

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The pound was 0.1% higher at $1.3622 and the yen was up marginally 114.26 per dollar.

This left the dollar index, which measures the greenback against six major peers, at 95.563, 0.1% lower on the session.

The dollar has not performed as well as expected recently, despite a dramatic rise in expectations for the U.S. Federal Reserve to begin hiking interest rates as early as March to curb soaring inflation.

U.S. benchmark 10-year note yields were at 1.8379%, off their two-year high of 1.902% reached on Wednesday.

The gains come as traders prepare for the United States to tighten monetary policy at a faster pace than previously thought. Fed funds futures have fully priced in a rate hike in March and four in all for 2022.

Elsewhere a combination of higher commodity prices and expectations for tighter policy supported the Aussie and the Loonie.

The Aussie firmed 0.4% to $0.7237, extending advances from the previous day, and the Canadian dollar was heading back towards the 10-week high it touched on Wednesday, with one U.S. dollar worth C$1.2493.

Analysts said a strong Australian labour market reading overnight also helped the Aussie.

"The latest Australian employment report...reinforced expectations that the RBA (Reserve Bank of Australia) will decide to bring an immediate end to the QE (quantitative easing) programme at their next policy meeting on 1st February," said MUFG analyst Lee Hardman.

Hardman noted that the Canadian dollar has been the best performing G10 currency in 2022, attributing that to a sharp rebound in oil prices -- which have hit seven-year highs -- and speculation the Bank of Canada will soon start to hike rates.

The Norwegian crown, another currency linked to the price of oil, fell after the central bank voted to keep interest rates on hold at 0.5% and said it was on track for a March hike. That disappointed some traders betting it would flag a faster rate of tightening.

The crown was last down 0.2% against both the euro and the dollar.

We can provide fundamental and Technical analysis in CURRENCY PAIRS TIPS.

📕Comment on Gold on January 20, 2022:

 - In yesterday's session, precious metal Gold went right as analyzed when the price bounced up beautifully from 1810 to 1843 ($33), closing the day session with a strong bullish candle around 1839.  With such a remarkable increase, Gold's uptrend is no longer controversial, the price has officially broken the strong resistance area of   1828-1834 to go up as expected.

 - In my personal opinion, in today's trading session, we continue to maintain our preferred option to buy when the price returns to around 1835. This is the closest support zone to the precious metal Gold for us to have.  can establish a long position with a safe target of 1843-1845.  Here we will wait for the next signal.

Prediction on Gold on January 19, 2022:

  - In yesterday's trading session, precious metal Gold ran in two directions with a large margin, right after falling to 1805 Gold immediately went up to 1820 then dropped again and fluctuated around 1812-1815.  .  Closing the day session with a bearish candle, the support area of   1812-1815 is still holding so in my personal opinion in today's session we continue to prioritize the  buy-in.

 - On the H4 time frame we can see that Gold is still being supported by the 1812-1815 price zone. We can establish a short buy position here to around 1819. If Gold can break out of the price zone.  Only then will Gold be able to gain strong momentum and "old peak" 1828-1830.

Dollar Rises as Treasury Yields Hit 2-Year High

The dollar rose in early dealings in Europe on Tuesday, pulled higher as concerns over inflation pushed 10-year U.S. government bond yields to their highest in over two years. 

The yield on the 10-year U.S. benchmark rose as high as 1.86% in the overnight session, a level it last saw when practically no-one outside China had heard of Covid-19.  The two-year benchmark yield, which is more sensitive to expectations for short-term interest rates, also broke above 1% for the first time in two years.

By 3 AM ET (0800 GMT), the dollar index, which tracks the greenback against a basket of advanced economy currencies, was up 0.1% at 95.287. 

The dollar returned briefly above the 115 yen level after Bank of Japan Governor Haruhiko Kuroda said the bank hadn't discussed the possibility of raising interest rates, as had been reported by newswires last week. That was despite the fact that the bank raised its outlook for inflation slightly to 1.1% for the next two years. That is still well below the bank's 2% target.

"For the foreseeable future, we see little chance of the BoJ adjusting policy rates," said Oxford Economics analyst Shreena Patel. "We believe the yen will remain weak this year but that room for further depreciation is limited."

USD/JPY traded at 114.79, up 0.2% on the day. 

The dollar had hit a five-year high against the yen earlier this month, amid expectations that the Federal Reserve will tighten monetary policy much more this year than the BoJ. The Fed's first policy meeting of the year takes place next week, and policymakers have now entered their usual blackout period ahead of it. 

In Europe, the pound was flat against the dollar at $1.3639 but edged up against the euro despite numbers showing that unemployment fell by less than expected in the three months through November. Analysts zeroed in on a sharp downward revision to the claimant count in November and to a bigger-than-expected drop again in December, suggesting that the U.K. economy rode out the first part of the winter wave of Covid-19 comfortably enough.

The euro was also little changed against the dollar at $1.1402, ahead of the release of the German ZEW economic sentiment index for January.

In emerging markets, the ruble weakened again amid growing fears that President Vladimir Putin will send his tanks across the Ukrainian border again. USD/RUB rose 0.4% to 76.40, although the movement was largely in line with other emerging market currencies as the dollar strengthened again. 

The ruble typically reacts badly to geopolitical shocks emanating from Russia, but the country's foreign exchange reserves stand at a record high, while its public debt is low and foreign currency borrowing by its corporates has fallen by nearly half since the last time it invaded Ukraine in 2014. With prices for oil and other commodity prices still high, the ruble has various pillars supporting it. 

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Today's Gold Prediction- January 18, 2022 :

 - In yesterday's trading session, precious metal Gold fluctuated relatively little, the price revolved around 1813-1823.  Closing the day with a bullish green candle, but this candle does not reflect much when the upward force is not too strong.  So in my personal opinion we can trade Gold within its cumulative range.

 - We can establish a long position with Gold around 1813-1815 and take profits when approaching the 1828-1830 price zone and wait for Gold's price reaction there.

Analysis on Gold January 17, 2022:

- After gaining strongly at the beginning of the week, in the last 2 trading sessions of the week, Gold had a slight correction, but however, the correction was quite weak and stalled at the support area around 1814 and to the west.  Above, it is blocked by the price zone 1828-1830.  Last week's candle also showed buying momentum, but buying power could not be maintained in the last sessions of the week, so in my opinion, it is likely that at the beginning of this week's trading session, precious metal will decrease slightly first.  and increase later.

 - Switching to the H4 time frame we can if Gold falls through the 1814 zone, it will likely drop to the 1807-1810 price zone and here in my opinion is a good price zone for us to establish a buy position with the target.  safe is around the 1820 threshold.

📕 Comment on Gold on January 14, 2022:

- In yesterday's trading session, precious metal Gold had a correction from 1827 to 1811 ($ 16), after returning to this is also the area we had planned to buy, Gold bounced back to 1822. Close  Yesterday's session closed with a falling candle, which shows that buying pressure is still quite strong and it is likely that in my opinion Gold will continue to go up at the beginning of today's session.

- Switching to the H4 time frame, I still maintain my old opinion when the good support area to establish a long Xau state is around the 1814-1817 price zone with the target "old top" 1828-1832 and my expectation Gold  will be able to break this "top".

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I can short sell NZDUSD at the current price 0.6790 to 0.6765 and buy limit around 0.6765 (note that the main channel is still bullish)

BUY LIMIT NZDUSD AT 0.6765

 SL: 0.6725

 TP: 0.6785 0.6805

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Today's January 13, 2022 Comment on Gold:

- In yesterday's session, precious metal Gold went right as analyzed when it fell to 1814 and then bounced up to 1828, closing the day session with a bullish candle around 1825.  This is the fourth day in a row that Gold keeps this uptrend and in my opinion it is likely that Gold will continue to rise in today's session.

- Gold is currently meeting the old resistance area around 1828-1832, so it is possible that in the beginning of today's session, Gold will have a slight correction before it can rally again and if there is any deep correction.  then in my opinion it is an opportunity for us to establish a buy position.  The closest support area for this precious metal is around 1814-1817 if Gold drops to this price range we can establish a buy position with the target at the "old top" 1828-1832 and my expectation Gold will  can break this "top".

Gold Comment on December 01/2022:

- In yesterday's trading session, precious metal Gold went right as analyzed when it bounced up from 1800 to around 1823, closing the day session with a strong bullish green candle.  With the closing with this dominant bullish candle, the buy option will be prioritized in today's session.

- We can see the next resistance area for this precious metal Gold is around 1830-1834 but before going up here I expect Gold will have a slight correction before going up and possibly breaking.  broke the resistance zone 1830-1834.  In the beginning of today's trading session we may consider short selling this precious metal to the price range 1815-1817 when the precious metal comes here we consider a buy signal, then I will update later.