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[v1forex]

MARKET COMMENTARY




On Friday, U.S. stocks closed higher before the Christmas holidays. The Dow Jones Industrial Average climbed 176 points (+0.53%) to 33,203, the S&P 500 rose 22 points (+0.59%) to 3,844, and the Nasdaq 100 was up 29 points (+0.27%) to 10,985.



Energy (+3.16%), retailing (+1.36%), and media (+1.24%) sectors led the market higher.



APA Corp (APA) jumped 5.73%, Halliburton (HAL) rose 4.13%, Devon Energy (DVN) gained 3.99%, and Bath & Body Works (BBWI) was up 3.97%.



Nutanix (NTNX) declined 7.90% after Hewlett Packard Enterprise (HPE) said there were no takeover discussions with the cloud company.



AMC Entertainment (AMC) slumped 10.60% after the company announced a 10-to-1 reverse stock split.



From a technical point of view, Chevron (CVX +3.09% to $177.4) and McDonald's (MCD +0.68% to $267.57) crossed above their 50-day moving average.



Regarding U.S. economic data, durable goods orders declined 2.1% on month in November (vs -0.5% expected). Personal income rose 0.4% on month in November (vs +0.3% expected), and personal spending added 0.1% (vs +0.3% expected).



Also, the number of new home sales increased 5.8% on month in November (vs -5.0% expected). The University of Michigan consumer sentiment index was finalized at 59.7 for December (vs 59.1 in the previous estimate).



The U.S. 10-year Treasury yield slipped 1.04 basis points to 3.786%.



U.S. markets were closed on Monday for Christmas holiday, and will be open on Tuesday.



European stocks closed mixed. The DAX 40 gained 0.19%, while the CAC 40 fell 0.20%, and the FTSE 100 edged down 0.05%.



U.S. WTI crude futures climbed $2.20 to $79.67 a barrel.



Gold price increased $5 to $1,797 an ounce.







The U.S. dollar index slipped to 104.30.



EUR/USD added 22 pips to 1.0618. France’s data showed that producer prices jumped 21.5% on year in November (vs +20.3% expected).



USD/JPY gained 49 pips to 132.84.



GBP/USD climbed 14 pips to 1.2052.



AUD/USD increased 48 pips to 0.6718.



USD/CHF added 19 pips to 0.9330, and USD/CAD was down 64 pips to 1.3592.



Bitcoin held up well at $16,800.

 

[v1forex]

MARKET COMMENTARY




On Tuesday, U.S. stocks closed mostly lower. The S&P 500 fell 15 points (-0.41%) to 3,829, and the Nasdaq 100 dropped 162 points (-1.48%) to 10,822, while the Dow Jones Industrial Average gained 37 points (+0.11%) to 33,241.



The U.S. 10-year Treasury yield jumped 10.2 basis points to 3.849%.



Telecoms services (+1.37%), energy (+1.14%), and household & personal products (+0.99%) sectors were the top performers, while automobiles (-8.52%), semiconductors (-2.59%), and media (-1.67%) sectors lost the most.



Tesla (TSLA) plunged 11.41% on reports that the electric-car maker will further reduce production at its Shanghai plant in January.



NIO Inc (NIO), a Chinese electric-vehicle maker, also slid 8.30% after cutting fourth-quarter delivery outlook.



Southwest Airlines (LUV) dropped 5.96% after the airline slashed its flight schedules due to massive winter storms in the U.S.



On the other hand, Alibaba (BABA) rose 4.92%, and JD.com (JD) gained 4.18%.



Regarding U.S. economic data, wholesale inventories increased 1.0% on month in November (vs +0.3% expected). The Dallas Fed manufacturing index posted at -18.8 for December (vs -11.0 expected).



U.S. home prices declined for a fourth straight month as the S&P Case-Shiller home price index fell 0.8% on month in October (vs -1.2% expected).



European stocks closed higher. The DAX 40 rose 0.39%, and the CAC 40 gained 0.70%. The U.K. market was closed for a holiday.



U.S. WTI crude futures settled flat at $79.66 a barrel.



Gold price increased $15 to $1,813 an ounce.







The U.S. dollar index dipped to 104.18.



EUR/USD edged up 4 pips to 1.0641.



USD/JPY gained 63 pips to 133.51. This morning, Japan's data showed that industrial production declined 0.1% on month in November (vs -0.2% expected).



GBP/USD slid 33pips to 1.2029.



AUD/USD added 4 pips to 0.6731.



USD/CHF declined 30 pips to 0.9290, and USD/CAD dropped 62 pips to 1.3520.



Bitcoin traded lower to $16,650.

 

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Payout

 

[v1forex]

MARKET COMMENTARY




On Wednesday, U.S. stocks remained under pressure. The Dow Jones Industrial Average dropped 365 points (-1.10%) to 32,875, the S&P 500 fell 46 points (-1.20%) to 3,783, and the Nasdaq 100 was down 143 points (-1.32%) to 10,679.



Technology hardware & equipment (-2.67%), energy (-2.22%), and consumer durables & apparel (-2.17%) sectors lost the most.



Apple (AAPL) slid 3.07% on concerns that a potential recession would impact demand for the company's products.



Amazon.com (AMZN) fell 1.47%.



Southwest Airlines (LUV) declined 5.16% following its mass flight cancellations and delays due to winter storms in the U.S.



MicroStrategy (MSTR), a big bitcoin-holding listed-company, sank 6.53% as the company sold some of its Bitcoins for the first time ever.



From a technical point of view, Chevron (CVX), IBM (IBM), and Visa (V) crossed under their 50-day moving average.



Regarding U.S. economic data, the number of pending home sales fell for a sixth consecutive month in November, declining 4.0% on month (vs -0.9% expected).



The U.S. 10-year Treasury yield advanced 4.4 basis points to 3.885%.



European stocks closed mixed. The DAX 40 fell 0.50%, the CAC 40 declined 0.61%, while the FTSE 100 rose 0.32%.



U.S. WTI crude futures dropped $0.90 to $78.67 a barrel.



Gold price was down $9 to $1,804 an ounce.







The U.S. dollar index climbed to 104.52.



EUR/USD fell 29 pips to 1.0611.



USD/JPY jumped 96 pips to 134.45. The Bank of Japan issued a summary of opinions from its latest policy meeting, showing that policymakers backed a continuation of ultra-accommodative policy.



GBP/USD declined 7 pips to 1.2018.



AUD/USD added 6 pips to 0.6738.



USD/CHF edged up 4 pips to 0.9294, and USD/CAD gained 85 pips to 1.3608.



Bitcoin traded further lower to $16,490.

 

[v1forex]

MARKET COMMENTARY




On Thursday, U.S. stocks posted a sharp rally. The Dow Jones Industrial Average climbed 345 points (+1.05%) to 33,220, the S&P 500 rose 66 points (+1.75%) to 3,849, and the Nasdaq 100 jumped 271 points (+2.54%) to 10,951.



U.S. data showed that the latest number of initial jobless claims rose to 225,000 (vs 220,000 expected).



The U.S. 10-year Treasury yield retreated 5.7 basis points to 3.826%.



Automobiles (+6.95%), semiconductors (+3.09%), and media (+3.02%) sectors led the market higher.



Tesla (TSLA) rebounded a further 8.08% after Morgan Stanley was maintained its rating on the stock as "overweight".



Apple (AAPL) rose 2.83%, Amazon.com (AMZN) gained 2.88%, Alphabet (GOOGL) climbed 2.82%, Meta Platforms (META) advanced 4.01%, and Netflix (NFLX) was up 5.14%.



European stocks also closed higher. The DAX 40 rose 1.05%, the CAC 40 gained 0.97%, and the FTSE 100 was up 0.21%.



U.S. WTI crude futures declined $0.56 to $78.40 a barrel. The U.S. Energy Department reported an addition of 718,000 barrels in crude-oil stockpiles (vs -1.52 million barrels expected).



Gold price rebounded $10 to $1,814 an ounce.







The U.S. dollar softened against other major currencies. The dollar index declined to 103.90.



EUR/USD rose 55 pips to 1.0667. Eurozone data showed that M3 money supply grew 4.8% on year in November (as expected, vs +5.1% in October).



USD/JPY dropped 147 pips to 133.



GBP/USD added 48 pips to 1.2066.



AUD/USD increased 43 pips to 0.6780.



USD/CHF lost 62 pips to 0.9228, and USD/CAD was down 68 pips to 1.3540.



Bitcoin traded higher to $16,600.

 

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Payout

 

[v1forex]

MARKET COMMENTARY


Market Wrap: Stocks, Bonds, Commodities

On Friday, U.S. stocks closed lower as the S&P 500 dropped 9 points (-0.25%) to 3,839, the Nasdaq 100 slipped 11 points (-0.1%) to 10,939 and the Dow Jones Industrial Average fell 73 points (-0.22%) to 33,147.

Shares in the Automobiles & Components (+0.82%), Energy (+0.76%), and Technology Hardware & Equipment (+0.16%) sectors were the top performers while shares in the Real Estate (-1%), Utilities (-0.96%), and Commercial & Professional Services (-0.91%) sectors underperformed the most during the trading session.

Looking back at the performance of the indices in 2022, the S&P 500 declined 19.44%, the NASDAQ Composite plunged 33.10% and the Dow Jones Industrial Average dropped 8.78%.

On the U.S. equity front, Micron Technology (MU), a manufacturer of memory chips, fell 1.32% and underperformed the Nasdaq 100 as Argus Research downgraded the stock to hold from buy. Nikola Corporation (NKLA), a hydrogen-electric vehicle maker, declined 9.62% after deciding to sell up to 125 million dollars of senior convertible notes in a registered direct offering.

Meanwhile, MicroStrategy Inc (MSTR), the worldwide provider of business intelligence software, rose 3.62% after disclosing its first ever sale of Bitcoin.

On the U.S. economic data front, the December Chicago Purchasing Managers Index bounced to 44.9, above 42.0 expected, from 37.2 in November.

The U.S. 10-year Treasury Yield rose 6 basis points to 3.875%.

European stocks were under pressure. The Dax 40 declined 1.05%, the Cac 40 slid 1.52% and the FTSE 100 lost 0.81%.

U.S. WTI Crude Futures gained $2.00 to $80.41.

Gold was up $9.3 to $1,824.

Market Wrap: Forex

The U.S. dollar index dropped 0.3% to 103.48.

EUR/USD added 42 pips to 1.0703.

GBP/USD rose 41 pips to 1.2096. The U.K. Nationwide house prices fell 0.1% on month in December, compared with an expected decline of -1.0%.

USD/JPY plunged 192 pips to 131.11, while USD/CHF increased 14 pips to 0.9246.

Commodity-linked currencies were firm against the greenback. AUD/USD climbed 34 pips to 0.6812 while the USD/CAD fell 7 pips to 1.3541.

Over the weekend, China's official manufacturing purchasing managers index fell to 47.0 in December from 48.0 in November, below 49.5 expected, and non-manufacturing purchasing managers index dropped to 41.6 from 46.7, below 48.4 estimated.

 

[v1forex]

MARKET COMMENTARY




On Monday, U.S. markets were closed for the New Year holiday.



Tesla (TSLA) reported that vehicle deliveries increased 40% on year to a record of 1.31 million vehicles in 2022, and amounted to 405,000 vehicles in the fourth quarter, up from 308,000 vehicles in the prior-year period.



In Europe, the DAX 40 rose 1.05%, the CAC 40 gained 1.87%, while the U.K. market was closed for a bank holiday.







The U.S. dollar index climbed to 103.63.



EUR/USD fell 38 pips to 1.0667.



GBP/USD dropped 35 pips to 1.2048.



However, USD/JPY declined 39 pips to 130.73.



AUD/USD lost 8 pips to 0.6805.



USD/CHF edged up 2 pips to 0.9247, and USD/CAD added 18 pips to 1.3572.



Bitcoin traded higher to $16.700.

 

[v1forex]

MARKET COMMENTARY




On Tuesday, major U.S. stock indexes closed lower dragged by Tesla (TSLA) and Apple (AAPL). The S&P 500 fell 15 points (-0.41%) to 3,823, and the Nasdaq 100 slid 77 points (-0.70%) to 10,862, while the Dow Jones Industrial Average dipped 10 points (-0.03%) to 33,136.



The U.S. 10-year Treasury yield dropped 11.3 basis points to 3.761%.



Automobiles (-8.73%), energy (-3.63%), and technology hardware & equipment (-2.8%) sectors lost the most, while consumer durables & apparel (+1.52%), media (+1.42%), and telecoms services (+1.28%) sectors posted gains.



Tesla (TSLA) plunged 12.24% as the market viewed the electric-vehicle maker's fourth-quarter deliveries as lower than expected.



Apple (AAPL) fell 3.74% as the stock was downgraded to "neutral" from "outperform" at Exane BNP Paribas.



On the other hand, Wynn Resorts (WYNN) rose 3.81% as the stock was upgraded to "overweight" from "equal-weight" at Wells Fargo.



Regarding U.S. economic data, construction spending rose 0.2% on month in November (vs -0.4% expected).



European stocks closed higher. The DAX 40 rose 0.80%, the CAC 40 gained 0.44%, and the FTSE 100 was up 1.37%.



U.S. WTI crude futures fell $3.10 (-3.86%) to $77.13 a barrel.



Gold price climbed $15 to $1,839 an ounce.







The U.S. dollar strengthened against other major currencies. The dollar index rose to 104.64. The Federal Reserve will release minutes of its December monetary-policy meeting later on Wednesday.



EUR/USD declined 114 pips to 1.0553. Germany's data showed that inflation rate slowed to 8.6% on year in December (vs +9.1% expected), and the jobless rate was stable at 5.5% (vs 5.6% expected).



GBP/USD slid 75 pips to 1.1971.



USD/JPY rose 13 pips to 130.93. The pair hit a six-month low of 129.51 within the session.



AUD/USD dropped 75 pips to 0.6727.



USD/CHF added 98 pips to 0.9359, and USD/CAD jumped 99 pips to 1.3672.



Bitcoin traded slightly lower to $16,660.

 

[v1forex]

MARKET COMMENTARY




On Wednesday, U.S. stocks closed higher. The Dow Jones Industrial Average rose 133 points (+0.40%) to 33,269, the S&P 500 climbed 28 points (+0.75%) to 3,852, and the Nasdaq 100 was up 52 points (+0.48%) to 10,914.



Minutes of the Federal Reserve's December monetary-policy meeting showed no surprise or new information about the central bank's latest rate-hike decision.



Regarding U.S. economic data, the Institute for Supply Management (ISM) manufacturing purchasing managers index fell to 48.4 in December (vs 49.0 expected). The U.S. Labor Department reported that the number of job openings declined to 10.458 million in November (vs 10.100 million expected).



The U.S. 10-year Treasury yield fell a further 5.2 basis points to 3.687%.



Automobiles (+4.42%), semiconductors (+2.61%), and consumer services (+2.31%) sectors were the top performers.



Tesla (TSLA) rebounded 5.12%, General Motors (GM) rose 2.57%, Micron Technology (MU) traded 7.6% higher, and Meta Platforms (META) rose 2.11%.



Also, Bath & Body Works (BBWI) jumped 10.51%, and Salesforce.com (CRM) gained 3.57%.



Alibaba (BABA) jumped 12.98% after Jack Ma, the company's founder, was allowed by the Chinese government to raise funds for his financial unit Ant Group.



On the other hand, Microsoft (MSFT) fell 4.37% after the stock was downgraded to "neutral" from "buy" at UBS.



European stocks also closed higher. The DAX 40 rose 2.18%, the CAC 40 increased 2.30%, and the FTSE 100 was up 0.41%.



Oil prices dropped further as investors kept worrying about fuel demand amid a slowing global economy and surging Covid cases in China. U.S. WTI crude futures sank $3.80 (-4.94%) to $73.15 a barrel.



Gold price increased $15 to $1,855 an ounce.







The U.S. dollar softened against other major currencies. The dollar index retreated to 104.24.



AUD/USD surged 113 pips (+1.68%) to 0.6840 after the Chinese government allowed coal imports from Australia, the first time since 2020.



EUR/USD gained 59 pips to 1.0607. France's data showed that the inflation rate slowed to 5.9% on year in December (vs +6.3% expected).



GBP/USD climbed 89 pips to 1.2057.



USD/JPY jumped 167 pips to 132.69.



USD/CHF fell 59 pips to 0.9301, and USD/CAD slumped 191 pips to 1.3480.



Bitcoin traded higher along with other risky assets, climbing to $16,800.