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Euro is up ahead of the ECB meeting

20.07.2022

Market Review


Commodities market

Oil prices slid more than $1 today ahead of expected builds in U.S. crude inventories. Brent crude futures fell 1.4%, and WTI crude futures slumped 1.3%.

Key tickers:

Brent: 106.18 — sell.

WTI: 99.34 — neutral.

NG: 7.254 — neutral.

Foreign exchange market

The U.S. dollar edged lower today, with the euro slightly higher ahead of the ECB meeting this week. The DXY index traded 0.1% lower, and EUR/USD traded 0.1% higher.

Key tickers:

EUR/USD: 1.0247 — strong buy.

USD/JPY: 138.19 — strong buy.

USD/CAD: 1.2867 — strong sell.

GBP/USD: 1.2009 — neutral.

Metals

Gold was down today amid interest rates increases. Gold futures were down 0.15%.

Key tickers:

XAU/USD: 1707.05 — strong sell.

XAG/USD: 18.782 — strong sell.

XPT/USD: 882.22 — buy.

XPD/USD: 1883.00 — neutral.

Crypto market

Bitcoin price remains above the $22,000 level and trading near $23,400, growing 8.8% today. Altcoins are mostly trading positively. Ethereum is now above the $1500 level.

Key tickers:

BTC: $23,715.4 — strong buy.

ETH: $1,563.20 — strong buy.

Neo: $10.6700 — strong buy.

Zcash: $66.50 — strong buy.

Stock market

The European stock futures are up today as Russia is about to resume gas supply to Europe. The DAX futures traded 0.1% higher, the CAC 40 futures climbed 0.2%, and the FTSE 100 futures rose 0.3%.

The U.S. stock market is rallying: the Dow Jones Industrial Average closed Tuesday 2.4% higher, the S&P 500 gained 2.8%, and the Nasdaq Composite rose 3.1%.

Key tickers:

-    indexes

S&P 500: 3,936.69 — strong buy.

Nasdaq 100 (NDX): 12,249.42 — strong buy.

Dow Jones Futures: 31,911.0 — strong buy.

DAX: 13,373.50 — strong buy.

-    Shares    

Apple #APPLE: 151.00 — strong buy.

Amazon #AMAZON: 118.21 — strong buy.

Tesla #TESLA: 736.59 — strong buy.

Meta Platforms Inc #FACEBOOK: 175.78 — strong buy.

Author: GC
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