FXCentrum – Forex Broker

Latest updates:

– US indices finished yesterday’s trading lower, marking another downbeat session in a row. S&P 500 and Dow Jones dropped 0.76% each, Nasdaq traded 0.96% down and Russell 2000 moved 0.97% lower
– Indices from Asia-Pacific traded higher today. Nikkei added 0.5%, S&P/ASX 200 moved 0.2% higher, Kospi jumped 0.6% while NIfty 50 traded flat. Indices from China traded up to 1.5% higher
– DAX futures point to a higher opening of the European cash session today
– Fed Williams said that data will determine where Fed halts rate hikes and that Fed still has a lot of room to shrink its balance sheet further
– According to a Bloomberg report, Russian oil is being blended in Singapore and later re-exported globally, what may help ease impact on sanctions on Russia
– People’s Bank of China left 1- and 5-year Loan Prime Rates unchanged at 3.65 and 4.30%, respectively
– Japanese CPI inflation accelerated from 3.8 to 4.0% YoY in December. Core inflation accelerated from 3.7 to 4.0% YoY (exp. 4.0% YoY), and reached the highest level since 1981
– South Korean PPI inflation decelerated from 6.2 to 6.0% YoY in December
– Cryptocurrency lender Genesis filed for a bankruptcy. Situation is an aftermath of FTX collapse
– Netflix jumped 7% in the after-market trading, following the release of Q4 2022 earnings. Company reported EPS of $0.12 (exp. $0.45), revenue at $7.85 billion (exp. $7.85 billion) and a 7.66 million net increase in number of global paid subscribers (exp. +4.57 million)
– Cryptocurrencies are trading slightly lower today. Bitcoin drops 0.4%, Ethereum trades 0.3% lower and Dogecoin declines 0.9%
– Oil is trading little changed while US natural gas price drops over 3%
– Precious metals trade mixed – gold drops 0.3%, silver gains 0.5%, palladium adds 0.2% and platinum drops 0.5%
– NZD and AUD are the best performing major currencies while JPY and GBP lag the most

Brent (OIL) and WTI (OIL.WTI) trade lower today, following a price cut from Saudi Arabia. Saudi Arabia announced that it will reduce the price of crude sold to Asia by around $1 per barrel, putting a downward pressure on prices. From a technical point of view, OIL.WTI is pulling back after a failed attempt of breaking above the downward trendline.

Nasdaq-100 (US100) is trying to hold above the 200-period moving average on H4 interval (purple line). Index may become more active in the next 2-3 weeks as we are getting into a period that will see earnings releases from numerous top-tier US tech companies. Source: xStation5