Jump to content

TOP MARKETS DAILYFX ANALYSTS ARE MOST EXCITED ABOUT | 2022 Q1 Forecast


Recommended Posts

DailyFX analysts give their expert predictions and their 2022 Q1 forecasts to help you with your trading strategy and analysis, minimizing risk and maximizing returns. Predictions our analysts offer are based on fundamental factors such as economic outlook, capital flows and trade balances, or technical indicators such as moving averages and MACD.

21st Jan 2022, 3PM GMT. Set a reminder.

DailyFX and IG.jpg

Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • General Statistics

    • Total Topics
      18,506
    • Total Posts
      84,395
    • Total Members
      67,638
    • Most Online
      7,522
      10/06/21 10:53

    Newest Member
    therougeduck
    Joined 19/05/22 11:52
  • Posts

    • S&P 500, Nasdaq 100 Latest – Bear Market Slump Continues. May 19, 2022 |  DailyFX Nick Cawley, Strategist S&P 500, NASDAQ 100 PRICES, CHARTS, AND ANALYSIS Bear market rallies continue to fail. Fresh multi-month lows look increasingly likely.
    • Target has joined the long list of retailers showing decreasing profit margins on the back of increasing input costs, which factored in to already weakening sentiment in equity markets.     Daniela Sabin Hathorn | Presenter and Analyst, London | Publication date: Thursday 19 May 2022  The S&P 500 posted its worst session since June 2020 with the tech sector taking the brunt of the losses, while the Nasdaq shed another 4% on Wednesday. Wall Street close Let's take a look now at the Wall Street close in yesterday's session - really negative sentiment they're pricing in for the markets as you can see. The Dow Jones Industrial Average down about 3.57%, shedding over 1160 points throughout the session. The S&P 500 had its worst day since June 2020, down just above 4% there. And the Nasdaq once again taking the heavy brunt of the losses, down about 4.73% throughout the session. Technical analysis Let's take a look now at some charts of this early US trade, because the negativity started yesterday before the opening bell. We did have earnings from US retailer Target coming out throughout the morning. And like Walmart, the day before, Target announced that sales were up, but profits were down thanks to increasing costs and those tightening margins that we have seen in the markets. Now, it was quite a negative sentiment, but it is a bit of a correction of what we've seen throughout the pandemic. We've seen a lot of evaluation in a lot of these shares, especially tech shares, throughout the pandemic and it's kind of a situation where we've seen that decline and getting to more sustainable levels. As you can see here, the S&P 500 now really undoing those gains that we've seen steadily over the last week heading towards that low that we saw on Thursday last week when we saw that momentum turning. And it seems to me that every time we see a steady increase there, we see those daily gains building to the upside, we then see a day of big reversal, those sellers piling into the market as soon as we see some negative sentiment. It looks like those sellers are really watching out for any attempt to jump into the market, looking to sell the top, and that seems to be what happened in yesterday's session once again. So it does seem that we are stuck in this sellers market, this bear market, where any attempted recovery is met with some fierce resistance from sellers. And it only takes one day of heavy selling to undo those steady gains that we've seen throughout the week. So more negative sentiment likely to come here. Nasdaq 100 Let's quickly look at the Nasdaq to see how that is performing. Similar scenario here, those daily gains were mounting there, not quite managing to see those higher highs on the upside. So it was showing a little bit of reluctance from those sellers to give in some further space. Once again, we saw that intense selling, pretty much undoing the gains for the week, heading around the low of Thursday last week.    
    • EUR/USD, EUR/GBP and AUD/USD try to retain recent gains EUR/USD, EUR/GBP and AUD/USD defend their recent advances amid 40-year inflation in the UK and lowest monthly unemployment data on record in Australia.      Axel Rudolph | Market Analyst, London | Publication date: Thursday 19 May 2022 EUR/USD tries to retain recent gains EUR/USD is trying to retain its gains from last week’s $1.035 low amid its softest pace of growth in construction activity since December. Construction output in the Eurozone increased 3.3% year-on-year (YoY) in March, easing from a downwardly revised 8.9% rise in the previous month. While yesterday’s low at $1.0461 isn’t being slipped through, yesterday’s high and the one-month resistance line at $1.0563 to $1.0604 may be revisited. The long-term downtrend will remain firmly in place, though, as long as the next higher early May high at $1.0642 isn’t overcome.  A fall through and daily chart close below yesterday’s low at $1.0461 would put the early May and January 2017 lows at $1.035 to $1.0341 back on the plate. Source: IT-Finance.com EUR/GBP remains above the 200-day simple moving average (SMA) post UK inflation data EUR/GBP’s bullish reversal off Tuesday’s £0.8393 low has taken the cross back above the 200-day SMA at £0.8446, above which it has stayed as UK YoY inflation hit a 40-year high at 9% in April. The 200-day SMA and yesterday’s low at £0.8434 are expected to act as support today, if retested. In case of failure, the 55-day SMA at £0.839 would be eyed, together with the early May low at £0.8368. A rise above yesterday’s high at £0.8494 is needed for the late March high at £0.8512 to be back in focus. While Monday’s high at £0.8534 isn’t bettered, however, downside pressure should retain the upper hand. Source: IT-Finance.com AUD/USD holds recent gains amid lowest unemployment rate on record in monthly survey AUD/USD holds its recent gains and stays above yesterday’s $0.695 low as Australia’s seasonally adjusted unemployment data came in at 3.9% in April, its lowest level on record in the monthly survey, which was slightly above a lower figure seen in August 1974, when the survey was quarterly. A rise above the 11 May and yesterday’s highs at $0.7046 to $0.7053 is needed, for the mid-to-late February lows and the two-month downtrend line at $0.7087 to $0.7119 to be in focus. If overcome, the March low at $0.7165 may be reached as well. A drop through yesterday’s low at $0.695 would engage the 10 May low at $0.6911 below which the currency pair’s near two-year lows can be spotted at $0.6829. In case of it giving way, the June 2020 trough at $0.6777 would be next in line. Source: IT-Finance.com
×
×
  • Create New...