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European stock futures rise ahead of policy meeting in the UK

04.08.2022

Market Review

Commodities market

Oil prices rose today as supply concerns triggered a bounce from multi-month lows. Brent crude futures rose 0.1%, and WTI crude futures rose 0.2%.

Key tickers:

Brent: 96.27 — strong sell.

WTI: 90.41 — strong sell.

NG: 8.277 — сильный тренд на покупку.

Foreign exchange market

The U.S. dollar returned some of the earlier gains today, while the pound was unchanged ahead of today’s Bank of England decision. The DXY index traded 0.1% lower but is still up 0.5% this week.

Key tickers:

NZD/CHF: 0.6058 — sell.

EUR/USD: 1.0176 — neutral.

USD/JPY: 134.18 — strong buy.

USD/CAD: 1.2845 — strong buy.

GBP/USD: 1.2165 — strong buy.

Metals

Gold prices edged up today, while other precious metals gained as well. Spot gold added 0.1% higher, and gold futures rose 0.4%. Platinum futures rose 0.1%, and silver futures edged up 0.6%.

Key tickers:

XAU/USD: 1773.77 — strong buy.

XAG/USD: 20.091 — strong buy.

XPT/USD: 903.64 — strong buy.

XPD/USD: 2038.35 — buy.

Crypto market

Bitcoin price edged higher above the $23,200 level but corrected lower after failing to breach the $23,500 resistance. BTC is currently trading just below the $23,100 level. Ethereum climbed above $1,650 and stayed below resistance near 1,680.

Key tickers:

BTC: $22,899.2 — strong sell.

ETH: $1,624.07 — strong sell.

Neo: $10.9000 — buy.

Zcash: $62.60 — buy.

Stock market

European stock futures rose today as investors await the Bank of England policy-setting meeting. The DAX futures traded 0.4% higher, the CAC 40 futures climbed 0.1%, and the FTSE 100 futures rose 0.1%.

Key tickers:

  • indexes

S&P 500: 4,155.17 — strong buy.

Nasdaq 100 (NDX): 13,253.26 — strong buy.

Dow Jones Futures: 32,788.0 — neutral.

DAX: 13,684.62 — strong buy.

  • Shares

Great Wall Motor #GWILLY: 15.72 — buy.

Apple #APPLE: 166.13 — strong buy.

Amazon #AMAZON: 139.52 — strong buy.

Tesla #TESLA: 922.19 — strong buy.

Meta Platforms Inc #FACEBOOK: 168.80 — strong buy.

Author: GC
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