SPX500

🔵Cup and Handle breakout incoming🚀...

@Market

Daily Important Hits (January 23,2023)
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➡️Mexican President Andres Manuel Lopez Obrador said Monday the country's central bank had acted "well" in regard to its monetary policy, adding the bank acted in step with the U.S. Federal Reserve.

➡️Romania's central bank board unanimously voted to raise the benchmark interest rate by a quarter point to 7.00% at its Jan. 10 meeting to anchor inflationary expectations, minutes showed on Monday.

➡️Philippine annual inflation, running at 14-year highs, will likely return to within the 2% to 4% target range as early as the third quarter of the year and remain there in 2024, the central bank governor said on Monday.

➡️European stocks edged higher on Monday, lifted by technology and real estate stocks, as expectations of a mild recession in the euro zone offset hawkish remarks from European Central Bank (ECB) officials that sent the euro to a nine-month high.

➡️Pakistan's central bank said on Monday it withdrew a prior approval requirement for imports of essential goods.

➡️India's central bank likely bought dollars via state-run banks to prevent the rupee from appreciating significantly above the 81 psychological levels, three traders told Reuters.

➡️Government representatives who attended the Bank of Japan's policy meeting in December requested that the meeting be adjourned for about 30 minutes, minutes of the meeting showed on Monday.

➡️Economic growth in Chile is expected to recover by the last quarter of this year, the International Monetary Fund (IMF) forecast in a statement on Friday, adding that the inflation rate is projected to converge to target by the end of 2024.

➡️The U.S. Federal Reserve may be "pretty close" to the point where rates are "sufficiently restrictive" to control inflation, Federal Reserve Gov. Christopher Waller said Friday.

@Market

Daily Important Hits (January 24,2023)
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🟢A common currency between Brazil and Argentina would be "impossible" to create if Argentina and other countries do not reach greater economic stability, the head of the Brazilian steel distributors association INDA said on Tuesday.
🟢Yields on Nigeria's benchmark bonds climbed 10 basis points to 15.40% on Tuesday, traders said, after the central bank raised interest rates by 100 basis points to fight double-digit inflation.
🟢European Central Bank policymaker Joachim Nagel said in an interview published on Tuesday that the ECB needed to keep tightening in order to dampen price pressures and keep inflation expectations anchored.
🟢Copper prices crept lower on Tuesday, pressured by a firmer dollar amid uncertainty over a potential global recession and demand in top metals consumer China.
🟢Indian gold futures hit a fresh all-time high on Tuesday, tracking gains in overseas markets and a depreciation in the rupee currency, but the surge dampened demand in the world's second-biggest consumer of the precious metal, dealers said.
🟢A hacker group associated with North Korea, the Lazarus Group, also known as APT38, was responsible for the theft last June of $100 million from U.S. crypto firm Harmony's Horizon bridge, the Federal Bureau of Investigation said on Monday.
🟢The European Central Bank will keep raising interest rates quickly to slow inflation which remains far too high, ECB President Christine Lagarde said on Monday, largely repeating the bank's most recent policy guidance.
🟢Inflation in Venezuela hit 234% in 2022, Vice President Delcy Rodriguez said Monday, representing a slowdown from 2021's rate in the South American country struggling to contain its years-long economic crisis.
🟢Mexican President Andres Manuel Lopez Obrador said Monday the country's central bank had acted "well" in regard to its monetary policy, adding the bank acted in step with the U.S. Federal Reserve.

@Market

Daily Important Hits (January 25,2023)

⭐️STOCKS ⭐️ INDICES ⭐️ FOREX
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🟢Hungary's central bank has accepted bids worth 2.457 trillion forints ($6.87 billion) for its one-month floating rate deposit facility, it said on its (NBHK2) Reuters page on Wednesday.
🟢European Central Bank policymaker Joachim Nagel said in an interview on Wednesday that he would not be surprised if interest rates needed to rise again after the two expected moves in February and March.
🟢Polish rate-setter Ludwik Kotecki said that he sees scope for some small rates hikes this year but doesn't believe the Monetary Policy Council will decide to increase them, he told the website Gazeta. pl on Wednesday.
🟢The German economy is starting the year with cautious optimism and will probably not suffer a recession even if economic output shrinks slightly in the first quarter, Ifo economist Klaus Wohlrabe told Reuters on Wednesday.
🟢The European Central Bank agreed with six non-eurozone members to cooperate more closely on bank supervision matters, including in exchanging information about cross-border supervised banks, it said on Wednesday.
🟢South Korea's consumer spending to be weaker than expected - c.bank.
🟢The Pakistani rupee fell by 1.2% against the U.S. dollar on Wednesday after foreign exchange companies removed an upper cap on the currency, saying it was creating "artificial" distortions in the market.
🟢Prime Minister Fumio Kishida will make a decision on the next Bank of Japan (BOJ) governor while watching future economic trends, he said on Wednesday.
🟢Sri Lanka holds rates steady to rein in inflation, as expected.
🟢The Reserve Bank of New Zealand (RBNZ) said on Wednesday that its sectoral factor model of core inflation rose 5.8% year-on-year in the fourth quarter.
🟢New Zealand to increase foreign reserves holdings.
🟢Canada needs to be 'fiscally prudent' amid global uncertainty - finance minister.

@Market

Daily Important Hits (January 26,2023)
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⭐️STOCKS ⭐️ INDICES ⭐️ FOREX
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🟢Pakistan central bank's foreign exchange reserves as of Thursday were down $923 million to $3.68 billion from the week ended Jan. 20, the bank said in a statement.
🟢U.S. Treasury yields rose on Thursday after economic output data beat expectations.
🟢South Africa's central bank raised its main lending rate (ZAREPO=ECI) by 25 basis points to 7.25% in a decision announced on Thursday.
🟢Brazil posted a current account deficit of $10.878 billion in December, the central bank said on Thursday, contributing to an overall deficit of $55.668 billion last year.
🟢The Turkish central bank's net international reserves rose some $1.8 billion to $26.72 billion in the week to Jan. 20, data from the bank showed on Thursday.
🟢The Pakistani rupee dropped over 7% against the U.S. dollar in the inter-bank on Thursday, according to trade data, in a second day of turmoil after unofficial currency controls were removed.
🟢Another strong Czech interest rate hike will not cause a significant fall in inflation, and rates will have to stay higher for longer, central bank Vice-Governor Eva Zamrazilova was quoted as saying on Thursday.
🟢Czech interest rates should still rise a little to help handle high inflation, central bank board member Tomas Holub was quoted as saying on Thursday in an interview with news website Seznam Zpravy.

@Market

SPX looking good! broke a horizontal resistance and already done a major breakout recently. Currently SPX is bullish🚀.

@Market

Weekly Closing prices


⭐️SPX500 : 4068.90$

⭐️XAUUSD : 1928.20$

⭐️DXY : 101.5089$


⭐️Top forex liquid Pairs

🟢EURUSD : 1.08680$
🟢USDJPY : 129.851$
🟢GBPUSD : 1.23971$
🟢AUDUSD : 0.71085$
🟢USDCAD : 1.33095$

⭐️Stocks

🔵AAPL : 145.93$
🔵MSFT : 248.16$
🔵AMZN : 102.24$
🔵TSLA : 177.90$
🔵OR37 : 309.20$


@Market

Weekly Performances of US Stock Market

🔵Technology services

1.MSFT : +5.67%
2.GOOGL : +4.49%
3.META : +11.66%
4.ADBE : +7.99%
5.CRM : +14.01%

🔵Finance

1. BRK.B : +1.30%
2. JPM : +3.82%
3. BAC : +6.46%
4. WFC : +7.06%
5. MS : +2.90%

🔵Electronic Technology

1. AAPL : +7.87%
2. NVDA : +19.72%
3. AVGO : +4.97%
4. CSCO : +5.32%
5. TXN : +1.62%

🔵Health Technology

1. JNJ : -1.10%
2. LLY : -1.41%
3. MRK : -3.66%
4. ABBV : -2.11%
5. PFE : -3.29%

🔵Retail Trade

1. AMZN : +8.93%
2. WMT : +2.80%
3. HD : +2.15%
4. COST : +6.20%
5. CVS : +0.34%

🔵Commercial Services

1. MA : +1.03%
2. V : +4.66%
3. SPGI : +3.36%
4. MCO : +1.45%
5. FIS : +5.28%

@Market

SPX looking bearish. Watch the market📉.

@Market

Breakdown Alert📉 !

BTC vs SPX500

🟢SPX has made a double top and BTC broke the ascending support.

Watch the market #Trade safe!

@Coach