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25.01.2023: Wall Street clouded by pessimism (S&P500, USD, CAD, Bitcoin).
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24.03.2023: US statistical reports may allow USD to recover. Outlook for EUR/USD and GBP/USD
2023-03-24 17:35 UTC+3
24.03.2023: Oil dips as US holds off refilling strategic reserve. Outlook for oil, gold, RUB
2023-03-24 15:37 UTC+3
24.03.2023: Fed caught between rock and hard place; outlook for USDX, USD/JPY, AUD/USD, NZD/USD
2023-03-24 14:38 UTC+3
23.03.2023: USD loses momentum; JPY spreads wings. Outlook for USDX, USD/JPY, AUD/USD, NZD/USD
2023-03-23 14:48 UTC+3
23.03.2023: Fed becomes confused as recession approaches. Outlook for EUR/USD and GBP/USD
2023-03-23 14:12 UTC+3
23.03.2023: Oil to resume slide. Outlook for oil, gold, RUB
2023-03-23 14:02 UTC+3
22.03.2023: Final rate hike? Wall Street awaits Powell’s comments with bated breath.
2023-03-22 19:32 UTC+3
22.03.2023: How Europe manages to put USD under pressure? Outlook for EUR/USD and GBP/USD
2023-03-22 15:17 UTC+3
22.03.2023: JPY wins luster with investors; USD unable to climb. USDX, USD/JPY, AUD/USD, NZD/USD
2023-03-22 14:47 UTC+3
22.03.2023: Fed rate decision takes focus. Outlook for oil, gold, RUB
2023-03-22 14:32 UTC+3
21.03.2023: Investors dispelling fears; risky assets gaining ground after sell-off.
2023-03-21 19:55 UTC+3
21.03.2023: USD to face sell-off?
2023-03-21 15:40 UTC+3
21.03.2023: USD breaks out of narrow range ahead of Fed meeting; USDX, USD/JPY, AUD/USD, NZD/USD
2023-03-21 15:33 UTC+3
21.03.2023: Recession fears return. Outlook for oil, gold, RUB
2023-03-21 15:20 UTC+3
20.03.2023: Wall Street still digesting turbulent weekend.
2023-03-20 19:28 UTC+3
20.03.2023: Banking crisis worries persist. Outlook for oil, gold, RUB
2023-03-20 17:31 UTC+3
20.03.2023: Investors prefer European currencies to USD.
2023-03-20 16:32 UTC+3
20.03.2023: USD bulls in control despite downward movement (USDX, USD/JPY, AUD/USD, NZD/USD)
2023-03-20 15:38 UTC+3
17.03.2023: Storm calms down but jitters still simmering.
2023-03-17 20:27 UTC+3
17.03.2023: USD declines amid increased risk appetite; outlook for USDX, USD/JPY, AUD/USD, NZD/USD
2023-03-17 16:10 UTC+3
17.03.2023: Markets expect fresh signs of recession in US.
2023-03-17 14:17 UTC+3
The fragile optimism did not last for long on Wall Street. The stock market is facing another sell-off today. InstaForex analysts are ready to shed light on marker developments today.

The glitch on the New York Stock Exchange yesterday disrupted trading since opening. The benchmark stock indices closed mixed on Tuesday.The Dow Jones was the only index to log a modest growth of 104 points or 0.31%. The Nasdaq slipped by 0.27%. The S&P 500 closed almost flat at about 4,016.
The major stock indices opened today on a pessimistic note. Futures of Wall Street indices traded in the red in the New York pre-market. Pessimism could escalate after the opening bell. If the S&P 500 fails to settle at 3,980, it is running the risk of falling to 3,910. The upper border of the corridor is found at 4,020.
On Tuesday, investors took little notice of mixed corporate reports, being scared by the glitch on the New York Stock Exchange which triggered wild price swings of some blue-chip stocks, thus playing havoc with markets.
All in all, more than 250 stocks suffered from the error. For example, Morgan Stanley closed at 97.13 dollars on Monday and slumped by 13% to 84.92 dollars on Tuesday. Wall Fargo’s shares also plummeted by 15%. On the other hand, Wallmart shares jumped by 12% to 159.88 dollars apiece.

Among other companies which incurred losses were ExxonMobil, McDonalds, and 3M. The US Securities and Exchange Commission is investigating the issue.

The exact amount of losses is not clear yet, but brokers and retail traders must have incurred huge losses. The stocks listed on the New York Stock Exchange are traded on all 16 stock markets across the US. The shares of Intercontinental Exchange, the New York Stock Exchange’s owner, fell by 2.2%.

Among the 11 sectors of the S&P 500, the manufacturing companies recorded the heaviest losses. 3M Co and General Electric provided gloomy forecasts for 2023 amid high inflation. 3M shares lost 6.2%, but General Electric shares rose by 1.2%.

Alphabet shares tumbled by 2.1% after the US Justice Department filed a lawsuit against Google for the abuse of its dominance in digital advertising.

Following their corporate reports, airspace and defense companies Lockheed Martin and Raytheon climbed by 1.8% and 3.3% respectively. The railway operator Union Pacific shed 3.3%.

Microsoft added more than 4% after its report but later fell by 1%. The high-tech giant unveiled financial records which prove resilience despite the ailing economy. The company owes its strength to its cloud division.

According to Refinitiv, Microsoft revenue expanded by 2% to 52.7 billion dollars in the final quarter of 2022, smaller than the expected growth of 52.9 billion dollars.

Slower-than-expected revenue growth in the final quarter signals troubled times for other high-tech giants. Apple and Alphabet are due to report on their earnings next week.

Other companies with mega market capitalization are also overwhelmed by pessimism. The shares of Apple, Tesla, Amazon, and Meta traded lower in the pre-market. Analysts estimate that the aggregate profit of the companies in the S&P 500 was 2.9% lower than in the previous quarter. On the plus side, weak results in corporate reports could confirm the efficiency of the Fed’s aggressive tightening.

Later today, Tesla and IBM will provide their reports. Meanwhile, the currency market is trading quietly. The US dollar has been stuck at around 102. The index is likely to trade in the intraday corridor between 101.5 and 102.3.
The greenback regained its footing today, having climbed to 102. Quiet trading could be explained by the fact that market participants are sitting on the sidelines of the Fed’s policy meeting.
Traders are betting on the rate hike by 25 basis points next Wednesday. Still, they prefer to avoid risky bets. In the two days ahead, market participants will absorb the flash US GDP data and fresh statistics on the labor market.
On Tuesday, traders found out that business activity in the US declined in January for 7 months straight, though a slowdown in the manufacturing and service sectors worsened to a lesser extent for the first time since September. The signs of a slowdown could assure the US Fed to soften its rhetoric.

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00:00 INTRO
00:19 S&P500
01:25 USA
03:22 QUOTES
05:23 USDX
07:08 USD | CAD
08:39 OIL
09:05 BTC | USD
Calendario y reseñas
Trader’s calendar on March 27-29: Confidence in US economy is in question.
Trader’s calendar on March 23-24: US Fed setting tone for financial markets?
Trader’s calendar on March 20-22: What shapes USD more: banking crisis or Federal Reserve?
Trader’s calendar on March 16-17: USD losing bullish momentum?
Trader’s calendar on March 9-10: What can be more serious than Fed Chair’s testimony?
Trader’s calendar on March 6-8:Global central banks still considering future monetary policy changes
Elección del editor
Being the capital and the largest city of the Republic of Moldova Chisinau became the center of attraction for Moldavians. Just like Rome, the city has been growing on seven hills along the river Bîc during six hundred years. As Bîc sounds pretty close to bull in Moldavian we could suppose that the locals prefer trading in an uptrend. Nowadays, locals of Chisinau want to take full advantage of the international currency market, so they are keen to take part in annual finance conferences arranged by InstaForex.
Jules Bianchi, Marussia F1 Team driver, speaks about the peculiarities of the Singapore track (Formula One Grand Prix in Singapore)
Trader’s calendar on March 27-29: Confidence in US economy is in question.
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