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KostiaForexMart

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  1. US stocks closed lower, Dow Jones down 0.34% At the close on the New York Stock Exchange, the Dow Jones fell 0.34%, the S&P 500 index fell 0.43%, the NASDAQ Composite index fell 0.95%. Chevron Corp was the top gainer among the components of the Dow Jones index today, up 4.55 points or 2.74% to close at 170.82. Walmart Inc rose 3.17 points (2.27%) to close at 142.63. Dow Inc rose 0.83 points or 1.39% to close at 60.63. Shares of Apple Inc became the leaders of the fall, the price of which fell by 4.43 points (2.72%), ending the session at 158.52. Procter & Gamble Company was up 2.57% or 3.83 points to close at 144.94, while Cisco Systems Inc was down 2.16% or 1.21 points to close at 54.71. Leading gainers among the S&P 500 index components in today's trading were Halliburton Company, which rose 8.93% to hit 37.95, Baker Hughes Co, which gained 8.67% to close at 36.74, and Mosaic Co, which rose 7.74% to end the session at 62.19. Etsy Inc was the biggest loser, shedding 5.35% to close at 136.98. Shares of EPAM Systems Inc lost 4.86% to end the session at 188.76. Quotes of MSCI Inc decreased in price by 4.69% to 465.26. Leading gainers among the components of the NASDAQ Composite in today's trading were Hycroft Mining Holding Corporation, which rose 138.10% to hit 1.50, AgriFORCE Growing Systems Ltd, which gained 102.37% to close at 3.42 , as well as shares of Hoth Therapeutics Inc, which rose 38.79% to close the session at 0.80. The biggest losers were Trean Insurance Group Inc, which shed 51.70% to close at 3.40. Shares of Fossil Group Inc lost 37.51% and ended the session at 9.08. Quotes TherapeuticsMD Inc fell in price by 27.50% to 0.29. On the New York Stock Exchange, the number of securities that fell in price (1836) exceeded the number of those that closed in positive territory (1367), and quotes of 128 shares remained virtually unchanged. On the NASDAQ stock exchange, 2,282 companies fell in price, 1,463 rose, and 253 remained at the level of the previous close. The CBOE Volatility Index, which is based on S&P 500 options trading, fell 6.84% to 30.23. Gold futures for April delivery added 0.68% or 13.60 to hit $2.00 a troy ounce. In other commodities, WTI April futures fell 2.64%, or 2.87, to $105.83 a barrel. Futures for Brent oil for May delivery fell 0.04%, or 0.04, to $109.15 a barrel. Meanwhile, in the Forex market, the EUR/USD pair remained unchanged 0.05% to 1.10, while USD/JPY rallied 0.00% to hit 116.14. Futures on the USD index rose by 0.58% to 98.53.
  2. Trading plan for USDJPY for March 10, 2022 Technical outlook: USDJPY rallied through 116.19 highs during early hours of trade on Thursday. The wave structure still remains bearish until prices stay below 116.35 mark as bears remain inclined to be back in control from here. A break below 115.60 will confirm that a lower top is in place around 116.19 and that prices are dragging lower towards 114.40 at least. USDJPY could drop towards 113.50 and 112.50 in the next few trading sessions. The potential double top reversal pattern will be confirmed on a break below 113.50 mark, going forward. Alternatively, the currency pair is drifting sideways within a rising wedge since 116.35 highs. If the alternate count unfolds, prices could break above 116.35 mark producing a thrust wave higher towards 117.50. USDJPY needs to break below 114.40 initial support at least, to rule out any further upside or triangle breakout. Even if prices break higher above 116.35 mark, upside remains limited and bears might be back in control sooner than expected. Either way, expect a bearish reversal from here or from 117.00-50 mark. Trading plan: Potential drop through 109.00 against 118.50 Trading plan for Gold for March 10, 2022 Technical outlook: Gold seems to have carved a meaningful top around $2,070 mark on Tuesday. The yellow metal has faced formidable resistance just ahead of the critical swing high around $2,075 in August 2021. Prices are expected to drop one more time through $1,940-45 mark before producing a meaningful pullback going forward. Gold prices also surpassed the Fibonacci 1.618 extension seen around $2,010 levels as highlighted on the 4H chart here. The extended last leg rally came to an abrupt end around $2,070 as bears came back in control. The downside potential targets remain $1,880 and $1,780 in the medium term. Ideally, prices will remain below $2,070 mark. Gold finds immediate price support around $1,940, followed by $1,880 and further; while resistance is not fixed at $2,070 mark respectively. A break below $1,940 will confirm that bears are back in control and the trend has reversed for long time. The yellow metal remains a good candidate to be sold on rallies thereafter. Trading plan: Potential drop to $1,940 in the near term.
  3. US stocks closed lower, Dow Jones down 0.56% At the close on the New York Stock Exchange, the Dow Jones fell 0.56% to a 6-month low, the S&P 500 index fell 0.73%, and the NASDAQ Composite index fell 0.28%. Caterpillar Inc was the top performer among the components of the Dow Jones index today, up 13.30 points or 6.76% to close at 210.00. Chevron Corp rose 8.49 points or 5.24% to close at 170.53. Boeing Co rose 4.63 points or 2.74% to close at 173.80. Shares of Coca-Cola Co were the leaders of the fall, the price of which fell by 2.42 points (3.96%), ending the session at 58.66. Procter & Gamble Company rose 3.96% or 6.05 points to close at 146.79 while UnitedHealth Group Incorporated shed 2.75% or 13.41 points to close at 473.46. Leading gainers among the S&P 500 index components in today's trading were Enphase Energy Inc, which rose 10.82% to 175.99, SolarEdge Technologies Inc, which gained 10.41% to close at 328.91, and also shares of Quanta Services Inc, which rose 8.17% to close the session at 116.83. The biggest losers were Seagate Technology PLC, which shed 9.51% to close at 90.57. Shares of ConAgra Foods Inc shed 8.22% to end the session at 30.93. Quotes of Intuitive Surgical Inc decreased in price by 7.98% to 269.32. Leading gainers among the components of the NASDAQ Composite in today's trading were Hycroft Mining Holding Corporation, which rose 203.31% to 1.00, Kala Pharmaceuticals Inc, which gained 88.49% to close at 1.15. as well as shares of Westport Fuel Systems Inc, which rose 52.63% to end the session at 2.03. The drop leaders were shares of Imperial Petroleum Inc, which fell 43.33% to close at 4.25. Shares of Inspirato Inc lost 42.78% to end the session at 15.25. Quotes of Digital Brands Group Inc decreased in price by 30.61% to 1.36. On the New York Stock Exchange, the number of securities that rose in price (1694) exceeded the number of those that closed in the red (1502), while quotes of 147 shares remained virtually unchanged. On the NASDAQ stock exchange, 2069 companies rose in price, 1727 fell, and 265 remained at the level of the previous close. The CBOE Volatility Index, which is based on S&P 500 options trading, fell 3.62% to 35.13. Gold futures for April delivery added 3.12%, or 62.35, to $2.00 a troy ounce. In other commodities, WTI crude for April delivery rose 4.44%, or 5.30, to $124.70 a barrel. Futures for Brent crude for May delivery rose 0.06%, or 0.08, to $129.27 a barrel. Meanwhile, in the Forex market, the EUR/USD pair remained unchanged at 0.00% to 1.09, while USD/JPY edged up 0.01% to hit 115.67. Futures on the USD index fell 0.17% to 99.12.
  4. US stock market under pressure from Russia-Ukraine conflict S&P 500 The US stock market plunged, while the US dollar advanced. The situation in Ukraine and strong data on US nonfarm payrolls. Major US indices ended lower at the end of the week: the Dow Jones Industrial Average lost 0.5%, the NASDAQ Composite slid by 1.7%, the S&P 500 fell by 0.8%. S&P 500: 4,329 Friday's statistics on the US labor market for February turned out to be positive. US nonfarm payrolls increased by 678,000, beating expectations and notching the best month for jobs growth since July. However, this increase followed a fall in December caused by the Omicron outbreak in the US. This means that the labor market has somewhat recovered. The unemployment rate fell to 3.8% from 4.0% in January. In general, the market has almost fully recovered to pre-COVID levels in terms of employment growth and the jobs level. As for Russia's military actions in Ukraine, the country continues to attack in several directions. Its forces are trying to encircle Kyiv and Kharkov. In the south, the Russians have opened a land corridor between Crimea and the Russian border in the east. Russia is seeking to expand the territory of the Donetsk and Lugansk People's Republics to the borders of Donetsk and Luhansk regions. The West is discussing new sanctions amid Russia's ongoing attack on Ukraine. Now traders fear that further sanctions will directly limit Russian oil and gas shipments. According to the German authorities, they are ready for such a scenario. Two rounds of Russia-Ukraine peace talks have yielded almost no results. A third round of negotiations between the parties is set to take place this weekend. USDX: 98.48. The US dollar hit a new annual high on both the situation in Ukraine and strong data on the US labor market. The Fed is still on track to raise interest rates on March 16. USD/CAD: 1.2725. The pair continues to trade within the range of 1.2600 - 1.2800 Conclusion: The events unfolding in Ukraine remain the main factor driving the market. However, US stocks seem to be ready to gain on any signs of easing tensions between Russia and Ukraine.
  5. USD/CAD: energy stays strong driver for Canadian dollar By the end of the week, the Canadian dollar was in high spirits, despite the serious geopolitical conflict around Ukraine. The Canadian dollar rallied on the back of the looming energy crisis, but was unable to consolidate its gains. This week, the buyers of the Canadian dollar, who took advantage of the decline of the USD/CAD pair by over 150 pips, were in a winning position. As a result, the pair updated the lows recorded at the end of January 2022 and broke support at 1.2600. USD/CAD is currently near the lowest levels of January. Analysts are expecting a further slide. On March 4, USD/CAD was trading at 1.2698, approaching a level of 1.2700. The ubiquitous surge in energy prices poses a threat to the European economy. Against this backdrop, a number of key currencies, particularly the European currency, have weakened markedly. Meanwhile, commodity currencies such as the Canadian, Australian and New Zealand dollars have gained strength. An energy boost helped the Canadian dollar to strengthen. USD/CAD fell from 1.2730 to 1.2595 amid an increase in oil exports. Notably, Canada is one of the largest oil exporters. The price of oil on the global market is a major trigger for rising inflation. Earlier this week, the price of benchmark Brent added 5%, reaching $115 a barrel. This is the highest figure since 2011, experts emphasize. The bullish rally in the oil market was triggered by investor fears of a global supply shortage and inaction by OPEC+ countries, which have been curbing oil production growth as much as they can. Traders are concerned about the potential impact of anti-Russian sanctions on the global energy sector. Many Western countries have refrained from imposing sanctions on the Russian energy sector, but some market participants have stopped buying Russian oil. Against the backdrop of disruptions to offshore supplies of Russian crude, global oil production could sag. On March 3, Brent was as high as $120 a barrel. Another factor supporting the Canadian dollar was a 25 basis points interest rate hike by the Bank of Canada. The authority stressed that the regulator was ready for further rate hikes at upcoming meetings. It should be noted that the Bank of Canada has raised its key rate for the first time in 3.5 years and has set a course to further tighten monetary policy. The measure is required to limit inflationary pressures, which have intensified against the backdrop of rising fuel prices. The geopolitical conflict around Ukraine will not prevent further rate hikes, the bank believes. The Canadian regulator is the second of the Group of Seven (G-7) central banks to increase its rate since the start of the COVID-19 pandemic. According to the Bank of Canada, a greater reduction in monetary stimulus will be required in the near future. This is necessary to further normalize monetary policy as the risk of stronger consumer price increases remains this year. According to analysts, the main drivers behind the strength of the Canadian dollar and the decline in the USD/CAD pair to 1.2500 are oil and monetary ones. The Bank of Canada's hawkish rhetoric contributes to the CAD's strength. The national economy and currency are supported by rising oil prices, as raw materials are the country's key export resource.
  6. US stocks closed higher, Dow Jones up 1.79% At the close in the New York Stock Exchange, the Dow Jones rose 1.79%, the S&P 500 index rose 1.86%, the NASDAQ Composite index rose 1.62%. Caterpillar Inc was the top performer among the components of the Dow Jones index today, up 9.78 points or 5.35% to close at 192.61. Quotes of Intel Corporation rose by 2.05 points (4.38%), closing the session at 48.87. Dow Inc rose 2.07 points or 3.62% to close at 59.20. The losers were Visa Inc Class A, which shed 0.49 points or 0.23% to end the session at 208.48. Walmart Inc was down 0.17 points (0.13%) to close at 136.16, while Procter & Gamble Company was up 0.48 points (0.31%) to close at 153. .79. Leading gainers among the components of the S&P 500 in today's trading were EPAM Systems Inc, which rose 16.08% to 245.17, Hewlett Packard Enterprise Co, which gained 10.25% to close at 16.99. as well as shares of Las Vegas Sands Corp, which rose 10.17% to end the session at 44.40. The biggest losers were Charter Communications Inc, which shed 3.99% to close at 570.99. Shares of Enphase Energy Inc shed 3.93% to end the session at 163.89. Dentsply Sirona Inc lost 3.46% to 52.48. Leading gainers among the components of the NASDAQ Composite in today's trading were Ecmoho Ltd, which rose 56.65% to hit 0.37, Imperial Petroleum Inc (NASDAQ:IMPP), which gained 39.19% to close at 2 .06, as well as shares of Regulus Therapeutics Inc, which rose 35.56% to close the session at 0.31. The biggest losers were SAB Biotherapeutics Inc, which shed 39.87% to close at 2.76. Shares of Karyopharm Therapeutics Inc shed 39.75% to end the session at 6.26. Quotes Puhui Wealth Investment Management Co Ltd fell in price by 36.08% to 0.84. On the New York Stock Exchange, the number of securities that rose in price (2431) exceeded the number of those that closed in the red (796), while quotes of 119 shares remained virtually unchanged. On the NASDAQ stock exchange, 2597 companies rose in price, 1210 fell, and 230 remained at the level of the previous close. SAB Biotherapeutics Inc stock tumbled to all-time lows, down 39.87% or 1.83 points to close at 2.76. The CBOE Volatility Index, which is based on S&P 500 options trading, fell 7.74% to 30.74. Gold futures for April delivery lost 0.67%, or 13.00, to hit $1.00 a troy ounce. In other commodities, WTI April futures rose 7.71%, or 7.97, to $111.38 a barrel. Futures for Brent crude for May delivery rose 0.45%, or 0.52, to $115.08 a barrel. Meanwhile, in the Forex market, the EUR/USD pair remained unchanged 0.02% to 1.11, while USD/JPY rallied 0.03% to hit 115.53. Futures on the USD index fell 0.03% to 97.37.
  7. Trading plan for EURUSD for March 02, 2022 Technical outlook: EURUSD dropped through fresh swing lows around 1.1090 levels in the early trading hours on Wednesday. The single currency pair is seen to be trading around 1.1115 mark at this point in writing and could print yet another low before finding support. Bulls remain inclined to be back in control anytime soon from current levels. EURUSD has been showing a bullish divergence on the daily RSI with every low since 1.1186 as depicted on the chart here. It is a strong indication for a potential bullish reversal from here anytime soon. Immediate price resistance is seen at 1.1500 mark and a break higher will confirm a meaningful bottom in place. EURUSD still remains bullish looking at the larger degree wave structure. The earlier rally between 1.0636 and 1.2350 has been retraced just below its fibonacci 0.618 levels as seen here. High probability remains for a bullish turn from here and push through 1.1500 and 1.1700 levels respectively. Trading plan: Potential bullish turn towards 1.1500 and 1.1700 against 1.1000 Good luck!
  8. US stock market closes lower, Dow Jones unchanged At the close of the New York Stock Exchange, the Dow Jones remained unchanged at 0%, the S&P 500 fell 0.25%, and the NASDAQ Composite index remained unchanged at 0%. Chevron Corp was the top gainer among the components of the Dow Jones in today's trading, unchanged by 0 points (0%) to close at 133.42. Quotes of Boeing Co remained unchanged by 0 points (0%), closing the session at 209.03. Salesforce.com Inc. was unchanged by 0 points (0%) to close at 196.84. The biggest losers were JPMorgan Chase & Co shares, which remained unchanged by 0 points (0%), closing the session at 152.14. Goldman Sachs Group Inc was unchanged by 0 points (0%) to close at 346.04, while Nike Inc was down 0 points (0%) to close at 142.95. Leading gainers among the components of the S&P 500 in today's trading were SolarEdge Technologies Inc, which was unchanged at 0% to 257.91, Occidental Petroleum Corporation, which was unchanged at 0% to close at 39.56, and shares of Enphase Energy Inc, which remained unchanged 0%, ending the session at 140.35. The biggest losers were EPAM Systems Inc, which were virtually unchanged at 0% closing at 443.23. Shares of Viatris Inc remained unchanged at 0% and ended the session at 14.71. Dentsply Sirona Inc remained unchanged by 0% at 55.09. Leading gainers among the components of the NASDAQ Composite in today's trading were Mullen Automotive Inc, which was unchanged at 0% to hit 0.63, Neurosense Therapeutics Ltd, which was unchanged at 0% to close at 1.57, and shares of China SXT Pharmaceuticals Inc, which remained unchanged 0%, closing the session at 0.1826. The losers were VEON Ltd shares, which remained almost unchanged at 0%, closing at 1.3500. Shares of Lexicon Pharmaceuticals Inc remained unchanged at 0% and ended the session at 2,740. Esports Entertainment Group Inc remained unchanged by 0% at 2.97. On the New York Stock Exchange, the number of securities that fell in price (1692) exceeded the number of those that closed in positive territory (1554), while quotes of 117 shares remained virtually unchanged. On the NASDAQ stock exchange, 1,936 stocks fell, 1,917 rose, and 222 remained at the previous close. The CBOE Volatility Index, which is based on S&P 500 options trading, remained unchanged at 0% at 27.75. Gold Futures for April delivery added 0.63%, or 12.05, to $1,911.85 a troy ounce. In other commodities, WTI April futures rose 3.68%, or 3.32, to $93.53 a barrel. Futures for Brent crude for May delivery rose 2.10%, or 1.95, to $94.94 a barrel. Meanwhile, in the Forex market, the EUR/USD pair remained unchanged 0% to 1.1312, while USD/JPY remained unchanged 0% to hit 114.74. Futures on the USD index rose 0.10% to 96.112.
  9. Trading plan for starters of EUR/USD and GBP/USD on February 28, 2022 Details of the economic calendar from February 25: The previous week ended interestingly. The information flow continued to put pressure on the market. As a result, speculative price jumps could be observed. February 28 economic calendar: Monday is traditionally accompanied by a blank macroeconomic calendar. Nevertheless, the massive information and news flow will continue to play on the nerves of speculators, which allows new leaps in the market. Trading plan for EUR/USD on February 28: A new trading week opened with a large gap, as a result of which the quote fell to the area of 1.1121. In this situation, a slight rollback is possible, partially restoring the euro against the price gap. At the same time, the downward cycle persists in the market, thus keeping the price below 1.1100 will lead to a prolongation of the downward trend. Trading plan for GBP/USD on February 28: In this situation, the stable holding of the price below 1.3350 increases the chances of sellers for a subsequent downward move. Traders consider the local low of the downward trend at 1.3160 as a possible prospect. An alternative scenario of market development considers a partial recovery of prices relative to the emerging gap. This step will in no way disturb the general downward mood of speculators.
  10. Hot forecast for GBP/USD on 25/02/2022 Yesterday, the pound was losing its positions for almost the entire day. And this process was accompanied by incessant reports of fighting in Ukraine. Investors were panicking and running away from risk. After all, the war is going on in Europe. This means that the risks extend to the entire continent. After the fighting began to gradually subside and acquire a largely fragmentary character, a banal technical correction began on the market. Which, in general, is not surprising, given the scale of the previous decline. But we are talking about a temporary stop. After the start of the corrective movement, Western countries gradually began to voice the imposed sanctions, which in fact turned out to be not as terrifying as promised. However, Western countries immediately declared that this is only the first block of sanctions, and if military actions do not stop, additional ones will be introduced. So the sanctions themselves have not affected the market in any way so far. They will begin to affect us in the near future. And only in a negative way. The fact is that Russia can fend off most of them with retaliatory sanctions that will cause comparable damage to the economies of Western countries. So now the market is waiting for retaliatory actions from Moscow, which the Kremlin clearly hinted at last night. In other words, yesterday evening's growth of the pound is only temporary and is rather a respite before a new wave of decline. The British currency against the US dollar in the wake of strong speculation locally lost more than 300 points in value over two trading days. This led to the renewal of the 2022 low and a strong overheating of short positions. As a result, there was a technical correction in the market. The RSI technical instrument fell to 20.76 in a four-hour period, which signaled a high level of oversold pound. Moving MA lines on the Alligator H4 indicator indicate a downward trend. There is no intersection between MA lines. Expectations and prospects: In this situation, the correction is still taking place in the market, which led to a partial recovery of the British currency. The values of 1.3450 and 1.3480 can play as a possible resistance on the bulls' way. Thus, the downward move may eventually resume, supporting the general strengthening of dollar positions in the market. The largest increase in the volume of short positions is expected after keeping the price below 1.3350 in the daily period. A complex indicator analysis gives a signal to buy in the short-term and intraday periods due to the corrective move. Technical instruments in the medium term indicate a downward move, signaling a sell.
  11. Trading plan for starters of EUR/USD and GBP/USD on February 24, 2022 Details of the economic calendar from February 23: The European Union published the final data on inflation, which coincided with the preliminary estimate, which showed an acceleration in consumer price growth from 5.0% to 5.1%. This fact was already embedded in the prices, so it was ignored by the market. Now, the center of everyone's attention is the information flow. February 24 economic calendar: The United States GDP data is expected to be published today, where, according to forecasts, the second estimate should coincide with the first, which is unlikely to affect the market in any way. At the same time, weekly data on jobless claims in the U.S. will be published, which are expected to decrease in volume. This is a positive factor for the U.S. labor market if expectations match. Statistics details: The volume of initial claims for unemployment benefits may be reduced from 248,000 to 235,000. The volume of continuing claims for benefits may be reduced from 1.593M to 1.580M. Time targeting U.S. GDP - 13:30 Universal time U.S. Jobless Claims - 09:30 Universal time Information and news noise The flow of information is developing so rapidly that it leads to a wave of speculation in the market. Therefore, the topic of Ukraine leads to sharp price changes in the entire financial sector, whether it is the currency or stock market. It is worth keeping track of the news flow and getting ready for new bursts of activity from speculators. Trading plan for EUR/USD on February 24: In this situation, traders are considering the subsequent recovery of the dollar, where the local low of the downward trend at 1.1121 is used as a guideline. As a variable point of support on the way of sellers, there is coordinate 1.1230, which can locally contain the ardor of speculators. Thus, the subsequent increase in the volume of short positions should be expected after the stable holding of the price below 1.1230 in a four-hour period. Trading plan for GBP/USD on February 24: In this situation, a stable holding of the price below 1.3485 will lead to further strengthening of the U.S. dollar. Traders are considering a possible price movement towards the local minimum on January 27 at 1.3357. An alternative scenario will arise in case of a reduction in the volume of short positions in the support area of 1.3485/1.3500. This will lead to a slowdown in the downward move and, as a result, to a price rebound.
  12. Simplified wave analysis and forecast for EUR/USD, USD/JPY, GOLD for February 23 EUR/USD Analysis: The wave construction of the European currency chart, which has not been completed for today, has been reported since January 28. This rising wave has a reversal potential. If it is confirmed, the wave will give rise to a new short-term trend. The downward section of the last two weeks has not yet gone beyond the correction. Forecast: Today, the price is expected to move between the nearest oncoming zones. In the first half of the day, a downward course is more likely. At the end of the day or tomorrow in the area of settlement support, you can expect a reversal and a resumption of the price rise. Potential reversal zones Resistance: - 1.1360/1.1390 Support: - 1.1290/1.1260 Recommendations: Euro trading in the near future can bring profit only in the form of short-term transactions in a small lot. Purchases will become possible after the appearance of confirmed reversal signals in the area of the support zone. USD/JPY Analysis: The trend rate of the Japanese yen major in the last two years is set by the ascending wave algorithm. Quotes are currently located within the boundaries of the resistance zone of the senior TF. The unfinished section has been counting since November 30 last year. In the last two weeks, the price in sideways flat forms an intermediate pullback. Forecast: On the current day, the price is expected to move from the lower border of the price corridor to the area of the calculated resistance. At the European session, pressure on the support zone is not excluded, with a short-term puncture of the lower border. Potential reversal zones Resistance: - 115.50/115.80 Support: - 114.80/114.50 Recommendations: Today, short-term purchases with a fractional lot from the support zone are possible on the yen chart. It is recommended to close deals at the first signs of an imminent reversal. GOLD Analysis: The rising wave brought gold quotes to the area of the strong resistance of a large TF. Before continuing the rise, the structure needs to increase its wave level in correction. Forecast: In the next day, the price is expected to move sideways with a common downward vector. The preliminary target zone runs along the upper boundary of the large-scale support zone. Potential reversal zones Resistance: - 1905.0/1910.0 Support: - 1875.0/1870.0 Recommendations: Short-term fractional lot sales are possible until the current decline is completed. It is optimal to refrain from entering the market of the instrument until the confirmed buy signals appear in the area of the support zone.
  13. On Tuesday, the stock market in Europe is steadily falling From 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.
  14. Changes to the trading schedule – February 21, 2022 Dear traders, Please be informed about slight changes to the trading schedule related to the celebration of President's Day in the United States on Monday, February 21. Please refer to the table attached to see all the changes and plan your activities accordingly. The time zone specified is GMT+2. US Shares - Closed full day GOLD, XAUUSD, SILVER - Early close 21:30 #CL.f, #CL.z - Early close 21:15 #NG.f - Early close 21:30 UK100.x, UK100.i - Early close 23:00 JP225.x, NASDAQ100.x, NASDAQ100.i, SPX500.x, SPX500.i, DJ30.x, DJ30.i - Early close 20:00 HK50.x, HK50.i - Normal Hours
  15. American stock indicators fell on Friday and at the end of the week The 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.
  16. 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.
  17. US stock indices trade mixed US 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%.
  18. Bitcoin rises sharply and crypto investors buy lesser-known altcoins On 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.
  19. Forecast for AUD/USD on February 15, 2022 Over 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, 2022 Yesterday'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.
  20. Rising tensions in Eastern Europe have brought down US stock indices At 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.
  21. Forecast for USD/JPY on February 11, 2022 The 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, 2022 On 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.
  22. European stock indices continue to grow steadily due to multiple positive factors During 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.
  23. Mobile payment systems are now available for clients from Africa Dear clients, Please be informed that ForexMart significantly expands the list of payment systems for African countries. From now on traders from Ghana, Kenya, Rwanda, Tanzania, Uganda, Zambia can use the mobile payment systems (Airtel, MTN, Mega, etc.*) for necessary fаinancial transactions. The clients from Nigeria can use local bank transfers when making deposit payments and withdrawals. * The full list of available payment methods and more detailed information you can find in your Cabinet.
  24. European stock market up on strong earnings Strong 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.
  25. Cryptocurrency theft funded North Korea's nuclear and missile program United 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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