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Apple announces strong iPhone demand despite the slumping economy

Commodities market

Oil was up today as investors focused on the OPEC+ meeting next week when the block will decide the oil output. Brent crude futures were up 0.03%, and WTI crude futures jumped 0.28%.

Key tickers:

Brent: 102.58 — strong buy.

WTI: 97.31 — neutral.

NG: 8.169 — strong sell.

Foreign exchange market

The dollar was down on Friday as investors bet on slower hikes from the U.S. Federal Reserve. The DXY index fell 0.37%, the USD/JPY pair fell 0.77%, the AUD/USD gained 0.29%, and the GBP/USD pair rose 0.18%.

Key tickers:

AUD/CAD: 0.8983 — strong buy.

EUR/USD: 1.0248 — strong buy.

USD/JPY: 132.72 — strong sell.

USD/CAD: 1.2796 — strong sell.

GBP/USD: 1.2236 — strong buy.

Metals

Gold was up today as expectations of aggressive Fed rate hikes eased. Gold futures were up 0.40%, as the dollar, usually moving inversely to gold, was down.

Key tickers:

XAU/USD: 1766.41 — strong buy.

XAG/USD: 20.194 — strong buy.

XPT/USD: 897.11 — strong buy.

XPD/USD: 2073.40 — sell.

Crypto market

Bitcoin remains firmly above the $22,500 level and continues its rally. Today the BTC price managed to surpass $24,000. ETH spiked above the $1750 level following Bitcoin.

Key tickers:

BTC: $24,200.5 — strong buy.

ETH: $1,718.85 — strong buy.

Neo: $11.1300 — neutral.

Zcash: $64.90 — strong buy.

Stock market

Apple rose 3.5% as the company announced parts shortages eased and strong demand for iPhones despite consumers tightening spending globally.

Key tickers:

  • indexes

S&P 500: 4,072.43 — strong buy.

Nasdaq 100 (NDX): 12,717.87 — strong buy.

Dow Jones Futures: 32,543.0 — strong buy.

DAX: 13,366.52 — strong buy.

  • Shares

Apple #APPLE: 157.35 — strong buy.

Amazon #AMAZON: 122.28 — strong buy.

Tesla #TESLA: 842.70 — strong buy.

Meta Platforms Inc #FACEBOOK: 160.72 — strong sell.

Author: GC
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