Daily Market Analysis from ForexMart

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Trading plan for starters of EUR/USD and GBP/USD on February 2, 2022February 2 economic calendar:Europe will release its inflation data today, which may slow down from 5.0% to 4.5%. Given the ECB's vague position, the decline in inflation is in no way a bad factor, but in this case, tomorrow's meeting may remain unchanged since the European regulator sees a decline in consumer prices.ADP's employment report in the US will be published during the US trading session, which may increase by 207 thousand. On the one hand, the figure is not small, but compared to the previous month, where there was an increase of 807 thousand, speculators may be afraid. This will negatively affect the US dollar.Time targeting:EU inflation - 10:00 Universal timeUS ADP report - 13:15 Universal timeTrading plan for EUR/USD on Feb 2:The correction is still relevant in the market, despite the resistance area. Therefore, the quote may continue to move within 1.1270 /1.1320, locally leaving the resistance zone.The signal for the prolongation of the upward cycle will be received if the price holds above the level of 1.1330 in a four-hour period.The signal about the completion of the correction will be considered by traders if the price holds below the level of 1.1230 in a four-hour period.Trading plan for GBP/USD on Feb 2:The corrective course remains in the market, where traders do not exclude a subsequent increase in the value of the pound if the price holds above the level of 1.3530. In this case, it will likely move in the direction of 1.3600.Traders will consider an alternative scenario of market development in case the price returns below the level of 1.3480. This step may indicate the primary signal to the end of the correction.

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Trading plan for starters of EUR/USD and GBP/USD on February 3, 2022February 3 economic calendar:Today is the busiest day of the week, as two meetings of the Central Banks are expected at once.The Bank of England intends to accelerate the pace of tightening monetary policy by raising the refinancing rate from 0.25% to 0.50%. This step will definitely affect the exchange rate of the British currency in terms of its further strengthening. It is worth considering that the pound has already grown by 200 points, after the news appeared on January 28 that the regulator intends to raise the rate once again. Thus, there is an assumption that the market has already considered the decision of the Bank of England in the quotation.Following the meeting, the European Central Bank (ECB) is highly likely to leave everything as it is. Therefore, market participants will pay attention to subsequent comments, where we expect to hear specifics from the regulator in terms of further actions. In simple words, the ECB intends to adhere to an ultra-soft approach or follow the path of its colleagues and start tightening monetary policy. The first option of development will lead to a weakening of the euro, but the announcement of an early tightening of monetary policy will provide an opportunity to strengthen the euro noticeably.Time targetingBank of England results - 12:00 Universal timeECB results - 12:45 Universal timeECB press conference - 13:30 Universal timeTrading plan for EUR/USD on Feb 3:In this situation, traders are considering a temporary price fluctuation within the resistance area of 1.1270/1.1320, but everything can change if new speculative surges amid informational noise.Trading recommendations remain the same, where acceleration is considered after the breakdown of one of the control values.The signal for the prolongation of the upward cycle will be received if the price holds above the level of 1.1330 in an H4 period.The signal about the end of the correction will be considered by traders if the price holds below the level of 1.1260 in an H4 period.Trading plan for GBP/USD on Feb 3:In this case, there is overheating of long positions, where the level of 1.3600 can act as resistance. This will lead to a gradual recovery of downward interest. It is worth considering that traders might ignore the overbought status due to upcoming events. In this case, holding the price above the level of 1.3600 will lead to a subsequent growth.

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Crypto analysts doubt Bitcoin's bright futureLast week, the leading digital asset declined to $32,900 for the first time since the summer of 2021. However, by the end of last week, BTC increased by 7.3% reaching $37,700.The recent growth of the US stock market triggered the rebound of Bitcoin. This growth has interrupted the negative dynamics for the first time after three weeks of steady decline. In addition, this once again emphasized the increased correlation of exchange and virtual assets lately.The leading altcoins followed the growth of the flagship digital asset. Thus, during the week Ethereum jumped by 7%, and Binance Coin increased by 4.6%. At the same time, the total capitalization of the crypto market rose by 1.7% to $1.79 trillion.At the time of writing, Bitcoin is hovering at $37,000 and its capitalization stands at $706 billion, according to CoinGecko, the world's largest independent cryptocurrency data aggregator.Despite a temporary stabilization, the situation in the crypto market remains extremely unstable, with BTC risking a third consecutive month of decline. Thus, in January, the first cryptocurrency has already lost about 20%, and the collapse from the November highs exceeded 45%.The unpredictable trading of the crypto market makes experts give mixed forecasts. The former head of the cryptocurrency exchange BitMEX Arthur Hayes said that in the near future, Bitcoin may collapse to $20,000 once the support of $28,000-$30,000 is broken through.This level is important for market participants, as it prevented the collapse of BTC in the summer of last year when the value of the coin fell to $28,000. The reason for Bitcoin's large-scale collapse was the largest hash rate drop in the history of crypto-assets amid the mass relocation of miners from China.By the way, crypto-enthusiasts began to feel more pessimistic about the endless growth of bitcoin. Thus, analysts at JPMorgan, one of the world's largest banks, reduced the fair valuation of BTC to $38,000 from $150,000.According to JPMorgan, the main reason for such a negative outlook on the future of the main cryptocurrency is high volatility, which limits the use of digital assets by institutional investors.Experts stressed that the recent sharp pullback by 50% in bitcoin from its November all-time high was a signal to cancel the addition of BTC to the investment portfolios of many institutions, funds, and organizations.Earlier experts of the bank were betting on the convergence of Bitcoin volatility with gold volatility and the equation of their shares in portfolios of investors. According to the bank's scenario for 2022, the volatility ratio of the main cryptocurrency to gold may reduce by two times.However, in their latest report, analysts at JPMorgan lowered the price of Bitcoin to 1/4 of $150,000, that is, to $38,000. In addition, the bank's experts did not rule out a further drop in the value of the main cryptocurrency in the absence of market buy signals.

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European stock markets closed lower on FridayThe ECB did not change the main parameters of monetary policy. The regulator left the base interest rate on loans at zero, the rate on deposits - at minus 0.5%. The rate on margin loans was kept at 0.25%.Meanwhile, in a post-meeting press conference, ECB President Christine Lagarde warned that consumer price growth, which reached historic highs in January and December, could remain elevated for a longer period than previously expected. At the same time, she expressed the hope that inflation will begin to gradually slow down during 2022.When asked if Lagarde was ready to repeat what she said two months ago about the low probability of a rate hike in 2022, the head of the ECB replied that she does not make promises without certain conditions, and that much will depend on the March revision of the central bank's macroeconomic forecasts.In turn, the Bank of England raised its key rate for the second time in a row, from 0.25% to 0.5%, against the backdrop of record inflation in the UK in 30 years.The volume of orders of industrial enterprises in Germany in December increased by 2.8% compared to the previous month, the country's Ministry of Economics reported. Analysts on average had expected a rise of 0.5%.Retail sales in the euro area in December 2021 decreased by 3% compared to the previous month, data from the European Union Statistical Office (Eurostat) showed. Analysts polled by Bloomberg had expected a decline of 0.9% on average. In annual terms, retail sales increased by 2% instead of the expected growth of 5%.Retail sales fell the most in Ireland (-3.2%), Spain and Finland (-3%). The most significant growth in retail sales was recorded in Slovenia (+44.1%), Lithuania (+16.2%) and Estonia (+12.6%).Traders continue to follow the reporting season and analyze the results of European and American companies.The composite index of the largest enterprises in the Stoxx Europe 600 region by the close of trading fell by 1.38% and amounted to 462.15 points. At the end of the week, the indicator lost 0.73%.The British FTSE 100 fell on Friday by 0.17%, the French CAC 40 index - by 0.77%, the German DAX - by 1.75%. The Spanish IBEX 35 and the Italian FTSE MIB lost 1.15% and 1.79% respectively.The French pharmaceutical company Sanofi SA increased its net profit in the fourth quarter of 2021, but the rise in revenue was worse than market forecasts. The company's shares fell 1.1%.Italian bank Intesa Sanpaolo SpA turned profitable in the fourth quarter of 2021 and plans to return €22 billion to shareholders by 2025 as part of a new business plan. Bank papers, meanwhile, fell 2.2%.Enel SpA shares lost 2.1%. The Italian energy company boosted revenue in 2021 on the back of better business segment performance, but profit growth slowed.Capitalization of the Swedish biopharmaceutical AddLife AB collapsed by 26.3%. The company said its CEO Christina Wilgard plans to retire this year.The value of Swedish door lock maker Assa Abloy AB jumped 7% after the release of the report. The company posted a net profit of SEK 3.04 billion ($334.2 million) in the fourth quarter, which was higher than the market forecast. Assa Abloy also increased its dividend.Shares in British tech Oxford Nanopore Technologies PLC rose 1% after analysts at Berenberg released a positive report on the company's outlook following the Festival of Genomics 2022 event.

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Cryptocurrency theft funded North Korea's nuclear and missile programUnited Nations report says that cryptocurrency theft remained an important source of income for North Korea's nuclear and ballistic missile programs last year.Cryptocurrency theft was carried out through cyberattacks on cryptocurrency exchanges around the world. North Korean hackers stole millions of dollars worth of cryptocurrency.In general, the report notes that more than $50 million worth of digital assets has been stolen between 2020 and mid-2021.Moreover, according to the UN report, cyber-attacks represent the main source of income for Pyongyang's nuclear and missile program. The findings were submitted to the UN Security Council committee on sanctions against North Korea.The UN report describes an analysis of how North Korea's cyberattacks could have raised $400 million worth of cryptocurrency last year. These attacks primarily targeted investment firms and centralized exchanges. Last year was the most fruitful for cybercriminals. According to calculations and analysis of UN data, criminals launched at least seven attacks on cryptocurrency platforms.The UN Security Council banned North Korea from launching ballistic missiles and conducting nuclear tests.In addition, it has tightened sanctions against North Korea since 2006 in order to limit funding for Pyongyang's nuclear and missile programs.The report noted that North Korea's missile tests have increased over the past year. According to a US statement last week, North Korea carried out nine ballistic missile launches in January despite sanctions.And one of the last launches of a medium-range ballistic missile took place a week ago. The most popular test site was Alsom Island, located 11 miles off the northeast coast of North Korea. Since 2019, Pyongyang has launched more than 25 missile strikes on it.According to 2019 UN data, North Korea managed to secure about $2 billion for its nuclear and missile program despite existing sanctions pointing to state-sponsored hacking groups.

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European stock market up on strong earningsStrong quarterly reports on corporate earnings of European companies supported the stock market on Wednesday, but concerns about the aggressive steps of major central banks are limiting growth. Thus, the pan-European STOXX 600 index rose by 1.0%. The UK FTSE 100 advanced by 0.45% to 7,600.4, the French CAC 40 was up by 1.06% to 7,103.08, and the German DAX rose by 0.88% to 15,376.34.Investors expect the European companies to show strong financial performance. This week, such companies as Metro AG, Societe Generale, and Total Energies will issue their corporate reports.Shares of some European companies have already posted gains. For example, the securities of the French asset manager Amundi added 2.5%. This rise was facilitated by reports about a significant increase in the company's quarterly profits.Equinor, the largest oil company in Northern Europe, published strong results for the previous year. Its shares were up by 3.7%.Shares of Danish jewellery maker Pandora also rose by 5.1% today. The expected growth of sales in 2022 was certainly a driving factor. In addition, Pandora's results came in line with the preliminary forecast released in January.Shares of the Dutch payment system Adyen were the top gainers in Europe: their price surged unexpectedly by as much as 11.0%.The worst performers of the day were the stocks of the Swedish online casino developer Evolution Gaming, which lost 6.8%, and the shares of the Norwegian financial corporation Storebrand, which fell by 5.8%. Shares of the Dutch insurance company Aegon NV also slipped into negative territory with a drop of 4.86%.In general, on February 9, global stock markets were quite optimistic. In addition to strong corporate reports, the macroeconomic data from Germany was also of key importance. Thus, the volume of the country's exports in December in monthly terms rose by 0.9% and imports - by 4.7%.Investors hope that the geopolitical conflict in Eastern Europe will soon be resolved, especially after French President Emmanuel Macron has visited Moscow and Kyiv. European and American officials are convinced that the only way to handle the conflict on the border with Ukraine is to implement the Minsk agreements.

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European stock indices continue to grow steadily due to multiple positive factorsDuring the trading session on Thursday, European stock exchange indicators are permanently increasing against the background of strong financial statements of major corporations.So, at the time of writing, the British FTSE 100 indicator increased by 0.03% to 7646.1 points, the French CAC 40 also gained 0.03%, reaching a level of 7133.12 points, and the German DAX jumped 0.2% to 15514.1 points.The main impetus for the growth of European stock markets was the optimism of investors regarding the published corporate reports of Siemens, ArcelorMittal, and Societe General. The value of the securities of these giants rose on Thursday by 6.07%, 0.72%, and 4.8%, respectively.The focus of attention of market participants this week is data on the inflation rate in the United States. According to preliminary forecasts of analysts, in January, this indicator will rise to the highest since February 1982 - by 7.3%. Recall that in December 2021, the inflation rate in the United States reached 7%.Following the results of the trading session on Wednesday, European stock indices reported a spectacular rise against the background of a decline in the yields of government bonds of the eurozone states.Thus, the key Stoxx Europe 600 indicator closed at 473.33 points, gaining 1.72% over the day. France's main stock index, the CAC 40, added 1.46%, stopping at 7130.88 points, the German DAX gained 1.57% and rose to 15482.01 points, and the British increased by 1.01% to 7643.42 points.The yield of 10-year German government bonds lost about 5 basis points yesterday, dropping to 0.22%. The declining yield of bonds stimulates the attractiveness of securities for investors as a reliable investment tool.The most popular stocks among traders on the eve were the securities of technical corporations. As a result, the quotes of the Dutch manufacturer of microelectronic products ASML Holding jumped by 4%, ASM International - by 4.7%, AMS-Osram - by 5.8%.Another important growth factor for European stock markets was the corporate reporting of the region's leading enterprises. Thus, the shares of the Danish jewelry manufacturer Pandora increased in price by 8% against the background of the company's management statement about the expected sales growth in 2022.The quotes of the Norwegian oil and gas corporation Equinor ASA jumped 1.4% after the company reported a return to profit in the fourth quarter. In addition, Equinor ASA representatives announced an increase in dividend payments and an increase in the securities repurchase program.Shares of the Danish transport and logistics company A.P. Moller-Maersk AS on Wednesday closed with an increase of 7.2% on the background of a report on record revenue and net profit in the fourth quarter of last year.The quotes of the British pharmaceutical company GlaxoSmithKline sank by 1.4%, despite the growth in net profit and revenue in the fourth quarter of 2021.Securities of the leading Dutch bank ABN Amro Bank NV fell by 9.1%. In the fourth quarter of last year, the net profit of ABN Amro Bank NV increased 10 times, however, the size of the new program for repurchasing its securities did not meet market forecasts.Shares of the German manufacturer Siemens Energy AG gained 1%. The company's stock quotes showed growth, despite reporting a net loss in the last quarter against profit for the same period in 2020.The securities of the Dutch manufacturer of paints and varnishes Akzo Nobel NV soared by 5% on the back of better than experts predicted quarterly reports of the company.Experts say that the current optimism in the stock markets of Europe and the world is explained by the absence of meetings of the largest central banks and positive financial reports of manufacturing giants.

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Forecast for USD/JPY on February 11, 2022The dollar's effort to settle above the MACD indicator line on the daily chart of the USD/JPY pair was not in vain - yesterday the price jumped by 86 points, closing the day with a rise of 52 points. Now the way for the dollar to the line of the price channel of the monthly chart in the area of 117.17 is open.On the four-hour chart, visually stable growth continues in the price channel. The Marlin Oscillator is in no hurry to grow, which allows the price to reach the lower border of the price channel either by a small correction, or by a sideways movement - by consolidation. Next, we are waiting for a new wave of growth.Forecast for EUR/USD on February 11, 2022On Thursday, with the release of data on inflation in the US, the euro traded in a range of 120 points, marking the target level of 1.1496 with an upper shadow. To be precise, yesterday's peak was 1.1495, but one point can be neglected as a fluctuation effect. Inflation (CPI) in the US increased from 7.0% y/y to 7.5% y/y in January, and this is the highest rate since 1982. Market participants are now waiting for the March rate increase immediately by 0.50%. We are now waiting for the euro to go into a correction in the area of the MACD indicator line on the daily chart, to the target level of 1.1300 (August 2018 low). At this level, the question will be decided - will the price turn from it into further growth, towards the target 1.1700/22, or will it consolidate below it and continue to decline to 1.1060.On the four-hour chart, the price went under the balance indicator line, visually getting ready to attack the MACD line (1.1355), overcoming which will make it possible to get ready to take 1.1300. The signal line of the Marlin Oscillator turned down from the zero line (arrow), which is an additional confirmation of the price's intention to develop a downward movement.

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Rising tensions in Eastern Europe have brought down US stock indicesAt the close of trading on Friday, US stock exchange indicators showed a steady decline against the background of negative dynamics on the part of technology companies, as well as the consumer goods and services sector. An equally important downward factor for the market was a sharp increase in tension in eastern Europe.As a result, the Dow Jones Industrial Average lost 1.43%, closing at 3,4738.06 points. The main favorites among the DJIA components were the securities of Chevron Corp (+2.04%), Verizon Communications Inc (+0.53%), and Dow Inc (+0.23%). Stocks topped the fall list of Salesforce.com Inc (-4.49%), Nike Inc (-3.20%), and Boeing Co (-2.95%).The high-tech NASDAQ Composite fell by 2.78% to 1,3791.15 points. The growth leaders among the components of the Nasdaq stock index were the securities of Y-mAbs Therapeutics (+25.95%), Kaival Brands Innovations Group Inc (+23.08%), and InterCure Ltd (+21.84%). The shares of ProQR Therapeutics NV (-75.35%), Enveric Biosciences Inc (-49.03%), and Surgalign Holdings Inc (-45.57%) reported minimal results here.The Standard & Poor's 500 broad market indicator sank by 1.90% to 4,418.64 points. The securities of Newell Brands Inc (+11.07%), Baker Hughes Co (+6.20%), and Occidental Petroleum Corporation (+5.65%) demonstrated the highest results in the S&P 500 stock index. The main outsiders were the shares of Under Armour Inc A (-12.49%), Under Armour Inc C (-11.37%), and Advanced Micro Devices Inc (-10.01%).On the NYSE stock exchange, the number of securities that lost in price (2,266) exceeded the number of those that increased in value (987), and the indicators of 136 shares remained at the level of the previous close.The Cboe Volatility Index, which is formed based on options trading indicators on the S&P 500, rose by 14.43% to 27.36 points.Geopolitical tensions in eastern Europe remained in the focus of market participants' attention on Friday. Thus, the United States authorities called on Americans to leave the territory of Ukraine within 24-48 hours, explaining their concern about "the possibility of Russian troops invading the territory of a neighboring state at any moment."Another important downward factor for the stock markets of America was the weak statistics on the US economy and the growing concerns of investors about the acceleration of inflation. Thus, according to preliminary data from the University of Michigan, this month the consumer confidence index in the United States fell to 61.7 points from 67.2 in January. The value of the indicator was the lowest since the fall of 2011. At the same time, market experts predicted an increase in the index to 67.5 points.Meanwhile, the announcement of a higher-than-expected increase in inflation in America brought additional tension to the markets due to the expectation of an imminent tightening of monetary policy by the Federal Reserve.Amid expectations of decisive steps from the US Federal Reserve, stock market participants began to rotate investments between its sectors. So, traders invest in shares of cyclical companies, getting rid of the securities of the giants of the technology sector.

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Forecast for AUD/USD on February 15, 2022Over the past day, the situation on the Australian dollar has not changed. The price tried to reach the target level of 0.7065, but returned to its original positions. Now we are waiting for a second such attempt, the target of 0.7065 remains relevant. The 0.6950 level is a promising target, which coincides (at the moment) with the lower border of the descending channel of the Marlin Oscillator.On the four-hour chart, just like a day ago, the price is gathering strength to overcome the support of the MACD line at the price of 0.7120. Consolidation below it will reopen the target level of 0.7065. The Marlin Oscillator is in a downward position.Forecast for EUR/USD on February 15, 2022Yesterday's decline in the euro amounted to 44 points. The lower daily shadow reached the MACD line, but there was no consolidation either under it or under the price level of 1.1300. Well, since the delay occurred in the range of the monthly consolidation of December 2021, then a sideways movement is likely for another one or two days. Overcoming yesterday's low (1.1280), which will correspond to the breakthrough of the MACD line, will open the target at 1.1060. A reversal of the euro into growth is possible, but the signal level is very high - this is the high of February 10 at 1.1495. Before crossing this level, strong chaotic movements in the range of 1.1300-1.1496 are very likely. But such movements in themselves will already be a sign of further growth of the euro, to the target range of 1.1700/22. Downward movement is expected to be smooth.On a four-hour scale, the price is consolidating at 1.1300. The signal line of the Marlin Oscillator also lies sideways. Price and oscillator in downward trend zones. A change in trends may occur when the price goes above the MACD line, above 1.1364. This will be a sign of its further movement towards 1.1496. But, based on the situation on the daily chart, such a local growth may turn out to be false. We are waiting for the development of the situation.

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Bitcoin rises sharply and crypto investors buy lesser-known altcoinsOn Tuesday, Bitcoin soared by 5% overnight and jumped above $44,000. According to CoinGecko, the world's largest aggregator of digital asset data, the capitalization of the flagship virtual asset rose to $833 billion in the last 24 hours. Bitcoin's main competitor, Ethereum, followed the trend of the crypto market's leader and rose by 6.73% to $3,112 in 24 hours.At the time of writing, Bitcoin is trading at $44,168.At the end of last week, BTC rose to January's high of $45,800. Since then, the main cryptocurrency has been recovering from January's collapse to a low of $32,900 last seen in summer of 2021.Experts say the main reason for the strong growth of the cryptocurrency market and other risky assets is the weakening of geopolitical tensions between Ukraine and Russia.On Tuesday, the market surged amid the Russian Defense Ministry's announcement that the Russian Armed Forces had returned from the exercises to their permanent home bases. At the end of last week, the White House said that Russian troops were concentrated on the border with Ukraine and claimed that Russia was preparing an invasion.Since the beginning of 2021, the crypto market has been showing high correlation with other risky assets, in particular - with securities. Thus, due to the decline of global stock markets on Monday, Bitcoin also plummeted significantly, despite the high oscillation of quotations throughout the trading sessions. According to analysts of the crypto market, this situation occurs due to the growing institutionalization of the sector.At the same time, many crypto-experts still perceive digital assets as a safe haven that can preserve its value in times of high volatility.By the way, last week institutional investors, while continuing to invest in BTC and Ethereum, began to actively invest in little-known altcoins. Thus, Terra, Tezos and Cosmos tokens were among the favorites of the cryptocurrency market. As a result, traders invested $2.2 million, $0.9 million and $0.6 million in the above-mentioned assets, respectively. The cryptocurrency market added $75 million thanks to large institutional investors.The highest share of $25 million was invested in BTC, while the leading altcoin - Ethereum - unexpectedly received $21 million from institutional investors, thus interrupting a two-month period of capital outflow.

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US stock indices trade mixedUS stock indices closed mixed on Wednesday. The Dow Jones and the NASDAQ lost 0.16% and 0.11% respectively. The S&P 500 added 0.1%.The indices showed 2 sessions of decline. However, the FOMC Minutes for January released yesterday installed optimism in markets. Traders are now trying to guess whether this is going to be a quarter or a half-percentage-point interest rate hike next month.Easing tensions between Russia and Ukraine are adding optimism. Russian troops are returning to their permanent deployment sites after the exercises. Russia and Belarus began their joint military drills "2022 Union Resolve" to examine the readiness of its forces "suppressing and repelling external aggression," and countering terrorism. The military exercise does not pose any threat and its function is solely defensive, the parties said.Continuing inflation is spooking investors. In the UK, the figure hit the 30-year high. In the US, retail sales jumped to 3.8% in January, much better than market forecasts of a 2% rise. On a yearly basis, US retail sales increased 13% in January, compared to a 16.7% rise in December.Monetary policy, high energy prices, and global supply chain disruptions are among the forces driving inflation up. The Fed will have to resort to aggressive measures if inflation growth is not tamed.Industrial production in the US increased 4.10% year-on-year in January. The figure had been expected to grow by 0.4%-05%. On a yearly basis, industrial production climbed 4.1%, following a 3.8% rise in December.Uncertainty in the market is caused by various factors, including galloping inflation, monetary measures by regulators, the imbalance between supply and demand, as well as an uneven pace of the global economic recovery. The Russia-Ukraine conflict only adds fuel to the fire. All these factors, in turn, affect oil prices that have already soared to $93.66 per barrel.Meanwhile, the earnings season in the US goes on. Kraft Heinz Co. incurred losses in Q4 2021. However, the adjusted figures showed higher-than-expected earnings. The company's stock added 5.6% as a result.Roblox Corp. stock tumbled 26.5%, following disappointing Q4 earnings.ViacomCBS plunged 17.8% after the publication of quarterly results below expectations.Shopify Inc. lost 16%, following disappointing Q4 results, and despite higher-than-expected adjusted earnings.The STOXX Europe 600 gained 0.1%. Japan's Nikkei 225 climbed 2.2%. The Korea Composite Stock Price Index advanced 2%. Hong Kong's Hang Seng Index rose 1.5% and China's Shanghai Composite added 0.6%.

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US stock market closed lower, Dow Jones down 1.78%At the close of the New York Stock Exchange, the Dow Jones fell 1.78%, the S&P 500 fell 2.12%, and the NASDAQ Composite fell 2.88%.Walmart Inc was the top performer among the components of the Dow Jones index today, up 5.35 points or 4.01% to close at 138.88. Quotes of Cisco Systems Inc rose by 1.48 points (2.72%), closing the session at 55.72. Coca-Cola Co rose 1.22 points or 2.00% to close at 62.12.The biggest losers were Salesforce.com Inc, which shed 11.71 points or 5.53% to end the session at 200.03. Caterpillar Inc was up 4.37% or 8.90 points to close at 194.74, while 3M Company was down 3.57% or 5.50 points to close at 148.64. .Leading gainers among the S&P 500 index components in today's trading were Newmont Goldcorp Corp, which rose 5.40% to hit 67.75, Sealed Air Corporation, which gained 5.00% to close at 67.35, and also shares of Walmart Inc, which rose 4.01% to end the session at 138.88.The drop leaders were Albemarle Corp, which shed 19.91% to close at 197.02. Shares of LKQ Corporation lost 14.32% and ended the session at 47.64. Quotes of Tyler Technologies Inc decreased in price by 8.75% to 428.62.Among the components of the NASDAQ Composite, gainers today were Inspirato Inc, which rose 648.38% to hit 92.65, Cepton Inc, which gained 343.51% to close at 42,000, and Anghami De Inc, which rose 161.36% to end the session at 28,880.The biggest losers were Amplitude Inc, which shed 58.90% to close at 17.10. Shares of Guardion Health Sciences Inc lost 34.12% to end the session at 0.3700. Quotes of Yumanity Therapeutics Inc decreased in price by 28.81% to 1.26.On the New York Stock Exchange, the number of securities that fell in price (2388) exceeded the number of those that closed in positive territory (861), while quotes of 96 shares remained virtually unchanged. On the NASDAQ stock exchange, 3,037 companies fell in price, 788 rose, and 179 remained at the level of the previous close.Shares in Salesforce.com Inc fell to a 52-week low, shedding 5.53% or 11.71 points to close at 200.03. Shares of Coca-Cola Co surged to an all-time high, up 2.00% or 1.22 points to close at 62.12. Shares of 3M Company fell to a 52-week low, down 3.57% or 5.50 points to close at 148.64. Shares of Inspirato Inc surged to a record high of 648.38% or 80.27 points to close at 92.65. Amplitude Inc shares fell to all-time lows, down 58.90% or 24.51 points to close at 17.10. Cepton Inc shares rose to an all-time high, up 343.51%, 32.530 points, to close at 42,000. Shares in Guardion Health Sciences Inc tumbled to a 52-week low, falling 34.12% at 0.1916 to close at 0.3700. Shares of Anghami De Inc surged to all-time highs, up 161.36%, 17.830 points, to close at 28.880. Shares in Yumanity Therapeutics Inc tumbled to their lowest point, falling 28.81% or 0.51 points to close at 1.26.The CBOE Volatility Index, which is based on S&P 500 options trading, rose 15.73% to 28.11.Gold futures for April delivery added 1.57%, or 29.30, to $1,900.80 a troy ounce. In other commodities, WTI crude for March delivery fell 2.09%, or 1.96, to $91.70 a barrel. Brent oil futures for April delivery fell 0.06%, or 0.06, to $92.91 a barrel.Meanwhile, on the Forex market, EUR/USD rose 0.03% to hit 1.1363, while USD/JPY shed 0.01% to hit 114.92.Futures on the USD index rose 0.14% to 95.828.

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American stock indicators fell on Friday and at the end of the weekThe Dow Jones Industrial Average fell 232.85 points (0.68%) to 34,079.18 points. Standard & Poor's 500 decreased by 31.39 points (0.72%) - up to 4348.87 points. The Nasdaq Composite dropped 168.65 points (1.23%) to 13,548.07 points.Dow Jones Industrial Average lost 1.9% over the week, S&P 500 - 1.6%, Nasdaq Composite - 1.8%.Today the US markets are closed due to the holiday (Presidents' Day).Shares of Shake Shack Inc. fell by 4.1% in trading on Friday. The American fast food chain halved its net loss in the fourth quarter of last fiscal year and increased revenue by more than a quarter, but did not issue a full-year forecast due to market uncertainty.The cost of Roku Inc. shares. fell by 22%. The streaming equipment company's net income fell 65% in the fourth quarter, while its revenue forecast for the current quarter fell short of analysts' expectations.Share price of Intel Corp. dropped by 5.3%. After the market closed on Thursday, the company released guidance for 2022 that came in better than market expectations. So, Intel predicts that its profit this year will be $3.5 per share on revenue of $76 billion, while the forecasts of experts polled by FactSet suggest earnings of $3.42 per share on revenue of $74.99.Intel CEO Pat Gelsinger noted that revenue growth will be moderate this year and will begin to accelerate from next year. By 2025-2026 they will increase to 10-12% per year and will remain double-digit in the future.Deere & Co., which released its first financial quarter results on Friday, shed 3% despite the company's strong results. The US farm equipment maker's net income and revenue beat market forecasts last quarter.Share price of JPMorgan Chase & Co. increased by 0.5%. The bank's chief financial officer, Jeremy Barnum, expressed confidence that JPMorgan could achieve a medium-term return on tangible capital (ROTCE) of 17%.Barnum also noted that the bank's financial markets division's revenue is likely to fall by 10% in the first quarter, but this rate of decline will be lower than expected. In addition, he confirmed that JPMorgan plans to increase capex by $3.5 billion in 2022, including investments in technology projects.From the perspective of investors, one of the most important consequences of the escalation of the crisis for the global economy could be a reduction in the supply of oil on the market. Russia is one of the world's largest producers of this type of raw material, and potential sanctions or any other restrictions could lead to an even more significant rise in prices, experts say.Statistical data on the US housing market, published on Friday, were better than expected. US existing home sales increased 6.7% in January to 6.5 million homes on an annualized basis, the National Association of Realtors (NAR) said. In December, resales decreased by 3.8% and amounted to 6.09 million, and not 6.18 million as previously reported. Experts on average predicted a decline of 1% compared to the previously announced figure.

Re: Daily Market Analysis from ForexMart

On Tuesday, the stock market in Europe is steadily fallingFrom the very beginning of trading, European stock indices have been showing a decline of 3% amid the increasing tension of the situation in Eastern Europe.Thus, the key British FTSE 100 index fell by 1.27% to 7,389.6 points, the French CAC 40 lost 1.94%, dropping to 6,656.98 points, and the German DAX sank by 2.29% to 1,4393.58 points.The day before, Russian President Vladimir Putin signed decrees recognizing the Donetsk People's Republic and the Luhansk People's Republic. According to the new documents, the maintenance of peace in the DPR and LPR will be provided by the Armed Forces of the Russian Federation.In response, the President of the United States Joe Biden signed a sanctions decree stating that Russia's recognition of the independence of the DPR and LPR poses a threat to national security and America's foreign policy interests.On Monday, trading on European stock exchanges also ended in the red due to another aggravation of the geopolitical situation in eastern Europe. At the same time, at the beginning of the session, the leading stock indicators showed confident positive dynamics against the background of news that French President Emmanuel Macron offered the leaders of the United States and Russia a summit on security issues in Europe. The Presidents of both states accepted the proposal.However, by the end of the trading day, stock indicators began to decline spectacularly against the background of the prospects of recognition of the independence of the DPR and the LPR by the Russian Federation.In addition, the internal statistics of the region provided tangible support for the exchange indicator of European stock markets on Monday. Thus, according to preliminary estimates of experts, in February, the composite purchasing managers' index (PMI) of 19 eurozone countries rose to 55.8 points from January's 52.3 points. At the same time, analysts predicted an increase to 52.7 points.The indicator of activity in the service sector this month jumped to a similar 55.8 points from 51.1 points in January.The strengthening of the euro against the dollar had a tangible negative impact on the leading stock indices in Europe. So, yesterday, the euro exchange rate against the US currency increased by 0.15% to $ 1.134 per euro. The main support for the European currency was the same strong statistics for the region.As a result, the Europe Stoxx 600 index of leading European enterprises lost 1.3%, closing at 454.81 points. The securities of the Anglo-Swedish pharmaceutical company AstraZeneca (+4%), the Norwegian oil and gas company Equinor (+2.9%), and the French operator of gerontological centers Orpea Group (+1.9%) reported the highest indicators as part of the Europe Stoxx 600 components.The main outsiders were the shares of British online retailer THG PLC (-8.8%), mining company Polymetal International (-8.5%), and mobile operator Millicom International Cellular SA (-7.6%).The German DAX fell by 2.07% to 14,731.12 points, the French CAC 40 lost 2.04%, dropping to 6788.34 points, and the British FTSE 100 sank by 0.39% to 7,484.33 points.