Smartproptrader - smartproptrader.com

[v1forex]

Payout

 

[v1forex]

MARKET COMMENTARY


On Friday, U.S. stocks closed mixed. The Dow Jones Industrial Average climbed 169 points (+0.50%) to 33,869, the S&P 500 rose 8 points (+0.22%) to 4,090, while the Nasdaq 100 fell 76 points (-0.62%) to 12,304.

The U.S. 10-year Treasury Yield jumped 8.4bps to 3.742%.

Regarding U.S. economic data, the University of Michigan consumer sentiment index rose to 66.4 in February (vs 65.0 expected).

Investors are watching closely U.S. inflation data which will be released on Tuesday (February 14). It is expected that the inflation rate ticked down to 6.3% on year in January.

Energy (+3.92%), utilities (+2.00%), and food, beverage & tobacco (+1.08%) sectors gained the most, while automobiles (-4.52%), semiconductors (-2.02%), and media (-1.13%) sectors were under pressure.

Marathon Oil Corp (MRO) rose 6.20%, Valero Energy (VLO) climbed 6.12%, and APA Corp (APA) was up 6.11%.

Tesla (TSLA) fell 5.03%, Ford Motor (F) dropped 5.63%, and Nvidia (NVDA) was down 4.80%.

Lyft (LYFT) plunged 36.44% after the ride-sharing company posted lower-than-expected fourth-quarter earnings and gave disappointing sales guidance.

Expedia (EXPE) fell 8.55% as the online travel agency's quarterly earnings missed expectations.

News Corp (NWSA) slid 9.37%. The media conglomerate reported lower-than-expected quarterly earnings, and announced plans to cut about 1,250 jobs this year, or 5% of its work-force.

PayPal (PYPL) rose 3.03%. The online payment firm reported quarterly sales that missed expectations, and said CEO Dan Schulman will retire at the year-end.

European stocks closed lower. The Dax 40 fell 1.39%, the CAC 40 dropped 0.82%, and the FTSE 100 was down 0.36%.

U.S. WTI crude futures gained $1.80 (+2.31%) to $79.84 a barrel.

Gold price added $3 to $1,865 an ounce.

The U.S. dollar index stepped up to 103.58.

EUR/USD dropped 63 pips to 1.0677.

USD/JPY fell 21 pips to 131.38.

GBP/USD dropped 65 pips to 1.2056. U.K. data showed that the gross domestic product declined 0.5% on month in December (vs -0.1% expected), while industrial production grew 0.3% on month (vs -0.2% expected).

USD/CAD slid 111 pips to 1.3343. Canada's data showed that the economy added 150,000 jobs in January, much higher than an addition of 15,000 jobs expected.

AUD/USD declined 17 pips to 0.6919.

USD/CHF added 15 pips to 0.9238.

Bitcoin traded lower to $21,700.

 

[v1forex]

MARKET COMMENTARY

On Monday, U.S. stocks rallied, as investors looked ahead to the January inflation report to be released Tuesday. The Nasdaq 100 gained 197 points (+1.60%) to 12,502, ending a three-session losing streak. The S&P 500 rose 46 points (+1.14%) to 4,137, and the Dow Jones Industrial Average gained 376 points (+1.11%) to 34,245.

The U.S. 10-year Treasury yield retreated 3 basis points to 3.702%.

Consumer durables & apparel (+2.39%), retailing (+1.9%), and software & services (+1.82%) sectors were the top performers.

Microsoft (MSFT) rose 3.12% after investment bank Stifel raised its target price on the stock.

Meta Platforms (META) climbed 3.03%. The Financial Times reported that the company plans to cut more jobs.

Apple (AAPL) gained 1.88%. Salcomp, a Indian supplier of Apple, said it would double its workforce to 25,000 over the next three years.

Ford Motor (F) climbed 2.83%. The car-maker announced plans to build a $3.5 billion electric-vehicle battery plant in Michigan.

Meanwhile, Tesla (TSLA) fell 1.14%.

Energy stocks were broadly lower at close. EQT Corp (EQT) fell 2.56%, APA Corp (APA) dropped 2.41%, ConocoPhillips (COP) slipped 2.39%, and Marathon Oil (MRO) was down 1.51%.

European stocks closed higher. The DAX 40 rose 0.58%, the Cac 40 added 1.11%, and the FTSE 100 was up 0.83%.

U.S. WTI crude futures were little changed at $79.26 a barrel.

Gold price declined $12 to $1,853 an ounce.

The U.S. dollar index eased to 103.29.

EUR/USD increased 44 pips to 1.0722. The European Union raised its 2023 forecast on Eurozone growth to 0.9% from 0.3% previously, while lowered that on inflation to 5.6% from 6.1% previously.

USD/JPY jumped 104 pips to 132.40. This morning, Japan's data showed that gross domestic product grew at an annualized rate of 0.6% on quarter in the fourth quarter (vs +1.6% expected, -0.8% in the third quarter).

GBP/USD gained 76 pips to 1.2138.

AUD/USD climbed 48 pips to 0.6965. In Australia, the Westpac consumer confidence index fell to 78.5 in February (vs 85.3 expected), and the National Australia Bank business confidence index climbed to 6 in January (vs 1 expected).

USD/CHF slid 42 pips to 0.9196, and USD/CAD dipped 8 pips to 1.3336.

Bitcoin lacked upward momentum trading lower to $21,600.

 

[v1forex]

MARKET COMMENTARY


On Tuesday, U.S. stocks closed mixed while the inflation rate did not come down as much as expected. The Nasdaq 100 advanced a further 88 points (+0.71%) to 12,590, while the Dow Jones Industrial Average slid 156 points (-0.46%) to 34,089, and the S&P 500 dipped 1 point (-0.03%) to 4,136.

U.S. data showed that consumer prices increased 6.4% on year in January (vs +6.3% expected, +6.5% in December), keeping expectations that the Federal Reserve would stick to its path on interest-rate hikes.

The U.S. 10-year Treasury yield added 4.6 basis points to 3.747%.

Automobiles (+6.14%) and semiconductors (+2.22%) sectors gained the most, while insurance (-1.65%), food, beverage & tobacco (-1.22%), and real estate (-1.04%) sectors lagged behind.

Palantir Technologies (PLTR) surged 21.16% after the data analytics firm reported its first-ever profit in the fourth quarter.

Avis Budget Group (CAR) climbed 10.66% as the car rental firm's quarterly earnings beat expectations.

Tesla (TSLA) jumped 7.51%. Mexico's foreign minister said he met with Tesla executives and that "good news" is coming soon. There have been news reports that Tesla will set up a factory in Mexico.

Nvidia (NVDA) bounced 5.43%, ON Semiconductor (ON) rose 2.96%, and Advanced Micro Devices (AMD) was up 3.39%.

Occidental Petroleum (OXY) rose 2.44% after Berkshire Hathaway disclosed its stake in the energy firm to 28%. The stock was also upgraded to "buy" at Goldman Sachs.

European stocks were mixed at close. The DAX 40 fell 0.11%, while the Cac 40 added 0.07%, and the FTSE 100 was up 0.08%.

U.S. WTI crude futures declined $1.00 to $79.13 a barrel.

Gold price was about flat at $1,854 an ounce.

The U.S. dollar index was little changed at 103.24. Though the January U.S. inflation rate (+6.4% on year) was the slowest since October 2021, investors kept expecting that interest rates will stay high for a period of time.

EUR/USD rose 15 pips to 1.0738. France's jobless rate ticked down to 7.2% in the fourth quarter (vs 7.4% expected).

USD/JPY increased 65 pips to 133.07. As widely expected, the Japanese government nominated Kazuo Ueda, an economist and former member of the Bank of Japan's policy board, to be the new central bank governor.

GBP/USD gained 37 pips to 1.2176 . In the U.K., the latest jobless rate remained stable at 3.7% (as expected).

AUD/USD climbed 21 pips to 0.6987.

USD/CHF gained 20 pips to 0.9210, and USD/CAD edged up 6 pips to 1.3339.

Bitcoin traded 2% higher to $22,180.

 

[v1forex]

MARKET COMMENTARY


On Wednesday, major U.S. stock indexes managed to close in positive territory. The Dow Jones Industrial Average rose 38 points (+0.11%) to 34,128, the S&P 500 gained 11 points (+0.28%) to 4,147, and the Nasdaq 100 climbed 97 points (+0.77%) to 12,687.

U.S. economic data showed that retail sales grew 3.0% on month in January (vs +1.2% expected), the biggest increase in nearly two years.

The U.S. 10-year Treasury yield rose 5.4 basis points to 3.797%.

Automobiles (+2.01%), media (+1.33%), and technology hardware & equipment (+1.32%) sectors gained the most, while energy (-1.78%), pharmaceuticals, biotechnology & life sciences (-1.00%) sectors were under pressure.

Tesla (TSLA) rose 2.38% after Barclays rated the stock as "overweight". Meanwhile, Bloomberg reported that the company may halt production at its Shanghai factory till the end of February for upgrading facilities.

Alphabet (GOOGL) climbed 2.39%, Apple (AAPL) added 1.39%, and Amazon.com (AMZN) was up 1.46%.

Palantir Technologies (PLTR) jumped 9.65% after surging 21% in the prior session when the data analytics firm posted its first-ever quarterly profit.

Airbnb (ABNB) gained 13.35% after the home rental platform's quarterly earnings exceeded expectations.

Paramount Global (PARA) bounced 9.31% after Berkshire Hathaway revealed an enlarged stake in the media and entertainment firm.

On the other hand, Devon Energy (DVN) sank 10.49% after the big independent oil & gas production firm reported disappointing quarterly earnings.

Also on U.S. economic data, industrial production was flat on month in January (vs +0.2% expected), while the Empire State manufacturing index improved to -5.8 in February (vs -19.0 expected).

European stocks also closed higher. The DAX rose 0.82%, the CAC 40 added 1.21%, and the FTSE 100 was up 0.55%.

U.S. WTI crude futures was about flat at $78.54 a barrel. The International Energy Agency (IEA) said it expects an oil supply deficit in the second half of the year considering restrained OPEC+ production and sanctions imposed on Russia.

Meanwhile, the U.S. Energy Department reported that crude-oil stockpiles surged 16.28 million barrels, the biggest increase since June 2021.

Gold price fell $17 to $1,836 an ounce.

The U.S. dollar strengthened against other major currencies, as strong retail sales data boosted expectations that the Federal Reserve would keep interest rates at high levels for some time. The dollar index advanced to 103.84.

EUR/USD fell 48 pips to 1.0690. The Eurozone's data showed that industrial production declined 1.1% on month in December (vs -0.5% expected).

European Central Bank President Christine Lagarde reiterated that the central bank will keep raising interest rates because inflation remains far too high.

USD/JPY rose 98 pips to 134.14. This morning, Japan's data showed that trade deficit enlarged to 3.50 trillion yen (vs 2.20 trillion yen expected) in January with exports growing 3.5% on year (vs +1.3% expected). Also, machinery orders increased 1.6% on month in December (vs +2.1% expected).

GBP/USD slid 139 pips to 1.2034. U.K. data showed that the inflation rate ticked down to 10.1% on year in January (vs 10.3% expected).

AUD/USD slid 80 pips to 0.6906. This morning, Australia's data showed a reduction of 11,500 jobs in January (vs +15,000 jobs expected) with the jobless rate climbing to 3.7% (vs 3.5% expected).

USD/CHF rose 22 pips to 0.9238, and USD/CAD added 53 pips to 1.3390.

Bitcoin bounced over 9% to $24,300, the biggest price increase since November.

 

[v1forex]

MARKET COMMENTARY


On Thursday, major U.S. stock indexes ended sharply lower, as stronger-than-expected inflation data added to worries that the Federal Reserve will stay aggressive in hiking interest rates. The Dow Jones Industrial Average dropped 431 points (-1.26%) to 33,696, the S&P 500 fell 57 points (-1.38%) to 4,090, and the Nasdaq 100 slid 245 points (-1.93%) to 12,442.

U.S. economic data showed that producer prices grew 6.0% on year in January (vs +5.6% expected, +6.5% in December). Producer prices rebounded 0.7% on month (vs +0.2% expected, -0.2% in December).

Also, the latest number of initial jobless claims ticked down to 194,000 (vs 198,000 expected).

The U.S. 10-year Treasury yield jumped 6.2 basis points to 3.867%.

Automobiles (-4.51%), semiconductors (-2.8%), and software & services (-2.05%) sectors lost the most.

Shopify (SHOP) slumped 15.88% after the e-commerce company said revenue growth would slow in the current quarter.

Tesla (TSLA) lost 5.69% after electric-vehicle maker announced a recall of 362,000 vehicles in the U.S. for updating its full-self-driving software.

Both Microsoft (MSFT) and Meta Platforms (META) fell 2.66%, Amazon.com (AMZN) dropped 2.98%, Alphabet (GOOGL) declined 1.48%, and Apple (AAPL) was down 1.04%.

On the other hand, Roku (ROKU) jumped 11.15%, Cisco Systems (CSCO) rose 5.24%, and Twilio (TWLO) surged 14.23%, after the companies reported better-than-expected quarterly results.

European stocks closed slightly higher. The DAX 40 rose 0.18%, the CAC 40 climbed 0.89%, and the FTSE 100 was up 0.18%.

U.S. WTI crude futures were little changed at $78.11 a barrel.

Gold price was flat at $1,836 an ounce.

The U.S. dollar remained firm against other major currencies, boosted by growing expectations that the Federal Reserve would keep higher interest rates longer. The dollar index advanced to 104.03.

EUR/USD dropped 19 pips to 1.0670.

GBP/USD declined 48 pips to 1.1982.

USD/JPY retreated 21 pips to 133.95.

AUD/USD lost 28 pips to 0.6875.

USD/CHF added 22 pips to 0.9260.

USD/CAD was up 64 pips to 1.3458. Bank of Canada Governor Tiff Macklem reiterated that the economy remains overheated and the jobs market is too tight, hinting at raising interest rates further.

Bitcoin saw volatile trading, as it exceeded the key level of $25,000 before falling back to levels below $24,000.

 

[v1forex]

Payout

 

[v1forex]

Recent payouts

 

[v1forex]

MARKET COMMENTARY


On Friday, U.S. stocks closed mixed as worries lingered over continuous interest-rate hikes by the Federal Reserve. The S&P 500 fell 11 points (-0.28%) to 4,079, and the Nasdaq 100 dropped 84 points (-0.68%) to 12,358, while the Dow Jones Industrial Average ended 129 points higher (+0.39%) at 33,826.

The U.S. 10-year Treasury yield dropped 4.4 basis points to 3.817%.

Automobiles (+2.38%), household & personal products (+1.84%), and telecoms services (+1.14%) sectors gained the most, while energy (-3.65%), semiconductors (-1.65%), and software & services (-1.32%) sectors underperformed the market.

Tesla (TSLA) rose 3.10% and became the most traded stock in the S&P 500.

DraftKings (DKNG) surged 15.33% after the sports-betting firm reported better-than-expected quarterly earnings.

Deere & Co (DE) climbed 7.53%. The agricultural-equipment maker raised its full-year net income forecast.

DoorDash (DASH) slid 7.59% despite the food delivery company giving upbeat current-quarter operation guidance.

Moderna (MRNA) fell 3.31% after the biotech firm reported mixed clinical-trial results for its experimental influenza vaccine.

Regarding U.S. economic data, the Conference Board leading index declined 0.3% on month in January (vs -0.4% expected).

U.S. markets will be closed on Monday (February 20) for the Presidents' Day holiday.

European stocks closed lower. The DAX 40 fell 0.33%, the CAC 40 declined 0.25%, and the FTSE 100 was down 0.10%.

U.S. WTI crude futures slipped $2.20 to $76.33 a barrel.

Gold price gained $6 to $1,842 an ounce.

The U.S. dollar index was little changed at 103.86.

EUR/USD added 21 pips to 1.0695. Germany's data showed that producer price growth slowed to 17.8% on year in January (vs 18.0% expected, 21.6% in December).

USD/JPY climbed 22 pips to 134.16.

GBP/USD gained 50 pips to 1.2040. In the U.K., retail sales increased 0.5% on month in January (vs -0.8% expected).

AUD/USD edged up 2 pips to 0.6881.

USD/CHF dropped 10 pips to 0.9246, while USD/CAD climbed 13 pips to 1.3471.

Over the weekend, Bitcoin struck against the key level of $25,000 before retreating to $24,500.

 

[v1forex]

MARKET COMMENTARY


On Monday, U.S. markets were closed for the Presidents' Day holiday.

On Friday, the S&P 500 fell 11 points (-0.28%) to 4,079, and the Nasdaq 100 dropped 84 points (-0.68%) to 12,358, while the Dow Jones Industrial Average ended 129 points higher (+0.39%) at 33,826.

The U.S. 10-year Treasury yield dropped 4.4 basis points to 3.817%.

European stocks still showed a lack of momentum on Monday. The DAX 40 dipped 0.03%, the CAC 40 declined 0.16%, while the FTSE 100 was up 0.12%.

U.S. WTI crude futures rose $0.85 to $77.19 a barrel.

Gold price added $4 to $1,845 an ounce.

The U.S. dollar index little changed at 103.81 amid thin trading during the U.S. holiday.

EUR/USD declined 8 pips to 1.0687.

USD/JPY added 9 pips to 134.24. This morning, the Jibun Bank Japan manufacturing purchasing managers index fell to 47.4 in February (vs 50.4 expected).

GBP/USD edged up 3 pips to 1.2000.

AUD/USD climbed 33 pips to 0.6912.

USD/CHF dropped 21 pips to 0.9231, and USD/CAD slipped 20 pips to 1.3453.

Bitcoin remained firm while trading at levels around $24,800.