/daily-market-analysis/page/126/

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    9 January 2023
    US Employment data indicate that employment rose in December

    U.S. equities scored their best trading day of the year throughout last Friday’s trading. The Dow Jones Industrial Average climbed 2.13% to close at 33630.61. The S&P 500 gained 2.28% to close at 3895.08. The tech-heavy Nasdaq composite jumped 2.56% …

    6 January 2023
    ADP result surprised the market, all eyes switched to NFP

    U.S. equities continued to fall throughout Thursday’s trading. Equities retreated due to the upside surprise from the ADP nonfarm employment change, which showed that employers added 235,000 jobs in December, and initial jobless claims, indicating 204,000 claims in December. The …

    5 January 2023
    FOMC minutes showed Fed would keep raising rates

    The FOMC minutes reaffirmed multiple things that Chairman Jerome Powell attempted to communicate to market participants during his previous speech in December of 2022. The minutes reiterated the central bank’s determination to bring the inflation level down to the targeted …

    4 January 2023
    Market prefers safe-haven instruments at the start of the year

    The market started the year 2023 in a safety mode, creating demand for US Dollars and Gold as safe-haven instruments while waiting for this week’s US key economic data and events. The dollar advances, the yen stabilizes and the oil …

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