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European stock market rises ahead of U.S. policy decision

27.07.2022

Market Review


Commodities market

Oil prices were steady today as demand concerns offset data about a larger-than-expected drawdown in U.S. crude stockpiles. Brent crude futures were 0.1% up, and WTI crude futures were 0.5% up.

Key tickers:

Brent: 100.14 — buy.

WTI: 95.78 — neutral.

NG: 8.772 — neutral.

Foreign exchange market

The U.S. dollar was down today ahead of the Fed’s interest rate hike. The DXY index was down 0.19%.

Key tickers:

EUR/USD: 1.0137 — strong sell.

USD/JPY: 137.01 — strong buy.

USD/CAD: 1.2864 — strong sell.

GBP/USD: 1.2042 — buy.

Metals

Gold was down today ahead of the policy decision from the U.S. Federal Reserve. Gold futures slumped 0.15%.

Key tickers:

XAU/USD: 1718.63 — strong buy.

XAG/USD: 18.623 — strong buy.

XPT/USD: 878.50 — strong buy.

XPD/USD: 2009.50 — sell.

Crypto market

Bitcoin price extended losses below the $21,000 level but stayed above $20,500 and managed to recover above $21,000 again. Similarly, most major altcoins are recovering losses, Ethereum tested the $1350 support and headed upwards.

Key tickers:

BTC: $21,342.3 — buy.

ETH: $1,462.50 — strong buy.

Neo: $9.3700 — strong buy.

Zcash: $56.50 — strong buy.

Stock market

European stock futures are higher today as investors prepare for the key Federal Reserve meeting. The DAX futures traded 0.2% higher, the CAC 40 futures climbed 0.5%, and the FTSE 100 futures rose 0.5%.

Key tickers:

  • indexes

S&P 500: 3,921.05 — strong sell.

Nasdaq 100 (NDX): 12,086.90 — strong sell.

Dow Jones Futures: 31,881.0 — strong buy.

DAX: 13,128.70 — neutral.

  • Shares

Airbus Group SE #AIR: 105.08 — neutral.

Apple #APPLE: 151.60 — strong sell.

Amazon #AMAZON: 114.77 — strong sell.

Tesla #TESLA: 776.58 — sell.

Meta Platforms Inc #FACEBOOK: 159.15 — strong sell.

Author: GC
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