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New COVID-19 variant; positive U.S. employment report

11.07.2022

Market Review


Commodities market

Oil was down today as investors worried about the new highly infectious COVID-19 variant discovered in Shanghai, China. Brent crude fell 0.54%, and WTI crude slid 0.87%.

Key tickers:

Brent: 105.60 — strong sell.

WTI: 103.22 — strong sell.

NG: 6.352 — strong buy.

Foreign exchange market

The dollar was up today as investors strive for a safe-haven currency amid global growth fears. The DXY index gained 0.29% with the USD/JPY pair 0.72% up and the GBP/USD pair 0.35% up.

Key tickers:

EUR/USD: 1.0121 — strong sell.

USD/JPY: 136.84 — strong buy.

USD/CAD: 1.2992 — strong buy.

GBP/USD: 1.1967 — strong sell.

Metals

Gold was down today as the U.S. dollar strengthened after healthy U.S. employment data. Gold futures edged 0.10% down, while the dollar rose to a 20-year high.

XAU/USD: 1739.12 — strong sell.

XAG/USD: 19.203 — strong sell.

XPT/USD: 885.23 — strong sell.

XPD/USD: 2129.75 — strong buy.

Crypto market

The bitcoin slides for a third day, threatening to fall below the $20k mark. 

Key tickers:

BTC: $20,447.3 — strong sell.

ETH: $1,142.90 — strong sell.

Neo: $8.8900 — strong sell.

Zcash: $57.20 — strong sell.

Stock market

A better-than-expected employment report in the U.S. eased some worries about a recession soon but supported the Fed to go on hiking interest rates. The stock market reacted with moderate growth. 

Key tickers:

-    indexes

S&P 500: 3,899.38 — strong buy.

Nasdaq 100 (NDX): 12,125.70 — strong buy.

Dow Jones Futures: 31,132.0 — strong sell.

DAX: 12,825.27 — strong sell.

-    Shares    

Apple #APPLE: 147.04 — strong buy.

Amazon #AMAZON: 115.54 — strong buy.

Tesla #TESLA: 752.29 — strong buy.

Meta Platforms Inc #FACEBOOK: 170.88 — strong buy.

Author: GC
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