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The dollar slid after the ECB rate hike

22.07.2022

Market Review


Commodities market

Oil prices rose today after previous declines amid tight supply and political tensions. Brent crude futures rose 1.6%, and WTI crude futures rose 1.5%.

Key tickers:

Brent: 104.29 — neutral.

WTI: 96.70 — strong sell.

NG: 7.826 — sell.

Foreign exchange market

The U.S. dollar was down today after the ECB raised interest rates by 0.5%. The DXY index inched down 0.1%.

Key tickers:

EUR/USD: 1.0141 — strong sell.

USD/JPY: 137.68 — strong sell.

USD/CAD: 1.2893 — strong sell.

GBP/USD: 1.1927 — strong sell.

Metals

Gold was down today as investors are concerned about interest rate hikes. Gold futures slid 0.03%.

Key tickers:

XAU/USD: 1716.80 — strong buy.

XAG/USD: 18.750 — strong sell.

XPT/USD: 877.55 — strong buy.

XPD/USD: 1897.50 — strong buy.

Crypto market

Bitcoin price stays above $23,000, adding more than 1.6% today. Similarly, Ethereum increased by 5% and almost retested the $1600 level.

Key tickers:

BTC: $23,121.9 — strong buy.

ETH: $1,588.84 — strong buy.

Neo: $10.6000 — strong buy.

Zcash: $62.70 — strong buy.

Stock market

European stock futures slid today as the market digests yesterday’s greater-than-expected rate hike by ECB. DAX futures traded 0.3% lower, CAC 40 futures dropped 0.6%, and the FTSE 100 futures fell 0.4%.

Key tickers:

  • indexes

S&P 500: 3,988.95 — strong buy.

Nasdaq 100 (NDX): 12,619.41 — strong buy.

Dow Jones Futures: 31,951.0 — strong buy.

DAX: 13,194.06 — neutral.

  • Shares

Apple #APPLE: 155.35 — strong buy.

Amazon #AMAZON: 124.63 — strong buy.

Tesla #TESLA: 815.12 — strong buy.

Meta Platforms Inc #FACEBOOK: 183.17 — strong buy.

Author: GC
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