What will move the market on February 14-18?

What will move the market on February 14-18?

Last week was very interesting for the markets, as we saw the releases of the US Inflation and Disney’s earnings report. So let's see what we should await this week!

 

Forex 

Last Thursday, the US CPI outperformed the forecasts (0.6% vs the forecast of 0.4%). As a result, the US dollar index got stronger, but the bullish pressure wasn't enough to break above the 50-day SMA (the 96 level). This week we will continue monitoring the situation in the US economy with the releases of PPI and retail sales. However, the most notable event happens on Wednesday, as the Federal Reserve publishes the FOMC Meeting Minutes. The market is currently pricing in 7 rate hikes in 2022, with one planned in March. The USD will strengthen if we find more hawkish hints in the Meeting Minutes. For EUR/USD, follow the key support at 1.1300 and the resistance at 1.1480.

 

Stocks

Last week was full of ups and downs for the US stock market. The major American index S&P500 (US500) managed to climb to the 100-day moving average but corrected towards 4450 on Thursday after the US CPI release. The same thing happened to the Nasdaq (US100), which could not break above the 15 000 level. As for the earnings season, Disney’s release made its stock gap higher. This week, we will see the releases of AIG, Cisco, Nvidia, and Walmart.

 

Oil & gold

After marking the high above the 90 level, Brent and WTI were consolidating at their highs. The non-eventful outcome of the OPEC+ meeting and the uncertainty over nuclear talks between Iran and the USA are the main factors that determine oil prices' performance. If more supply is added, the price of WTI will plunge to $86, and the price of Brent will go down to $88.5. As for gold, it fell below the $1830 level. If the American indicators show strength, the yellow metal will plunge to $1815-$1810. On the upside, the main obstacle lies at $1830.

LOG IN

Similar

Latest news

USD Gains Momentum
USD Gains Momentum

The US dollar index breaks one resistance after another. Read the report to learn the next target for the US dollar index!

Deposit with your local payment systems

Feel the Team Spirit

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera