Home About the company Daily reviews Apple announces strong iPhone demand despite the slumping economy

Apple announces strong iPhone demand despite the slumping economy

29.07.2022

Market Review

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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