01.08.2022
As weak manufacturing data from China and Japan signaled a smaller demand outlook, oil prices dropped today. Brent crude futures were down 0.8%, and WTI crude slid 1.2%.
Key tickers:
Brent: 103.51 — neutral.
WTI: 97.47 — strong sell.
NG: 7.921 — strong sell.
The dollar to yen slumped to a six-week low as markets continue to digest that the Federal Reserve is less aggressive in tightening the U.S. economy at risk of recession. The dollar against the yen was 0.45%, down at 132.07. The DXY index edged down 0.18%.
Key tickers:
EUR/SGD: 1.4099 — strong sell.
EUR/USD: 1.0232 — strong buy.
USD/JPY: 132.49 — strong sell.
USD/CAD: 1.2791 — strong sell.
GBP/USD: 1.2198 — strong buy.
After the U.S. economy technically entered a recession, gold posted its best week in five months. Gold’s charts suggest that the precious metal could continue rising to $1,800 if the dollar and bond yields retreat further.
Key tickers:
XAU/USD: 1764.82 — strong buy.
XAG/USD: 20.235 — strong buy.
XPT/USD: 904.61 — strong buy.
XPD/USD: 2124.05 — strong buy.
Bitcoin price moved below the $24,000 level today and consolidated near $23,350. BTC is down almost 2% today and 3% in a week. Ethereum is correcting lower, too, correcting below $1700.
Key tickers:
BTC: $23,296.2 — strong sell.
ETH: $1,689.66 — strong sell.
Neo: $11.3000 — neutral.
Zcash: $64.60 — strong sell.
European stock futures are down today as Asian PMI data raised worries about economic recovery. The DAX futures traded 0.7% lower, the CAC 40 futures dropped 0.6%, and the FTSE 100 futures fell 0.5%.
Key tickers:
S&P 500: 4,130.29 — strong buy.
Nasdaq 100 (NDX): 12,947.97 — strong buy.
Dow Jones Futures: 32,750.0 — strong buy.
DAX: 13,517.95 — strong buy.
Bank of America Corp #BAC: 33.81 — strong buy.
Apple #APPLE: 162.47 — strong buy.
Amazon #AMAZON: 135.00 — strong buy.
Tesla #TESLA: 891.47 — strong buy.
Meta Platforms Inc #FACEBOOK: 159.10 — strong sell.
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