Weekly Market Wrap: Rate Hikes, Big Tech Earnings, Crypto Surge!

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In last week’s NFP (non-farm payroll) report, the US added 517,000 jobs in January, higher than expected and pushing the unemployment rate down to 3.4%, its lowest since 1969.

Job growth was revised higher for November and December, adding an additional 71,000 jobs.

The strong job growth may not be welcomed by the Federal Reserve, which is looking to slow job gains and wage growth to reduce inflation and pause its interest rate hike campaign.

The Federal Reserve raised its interest rate target by 0.25% last week, and plans to continue raising rates with the aim of bringing inflation down to 2%.

However, investors believe the Fed may cut rates back to current levels by the end of next year.

The recent surge in crypto saw a rebound in Bitcoin and Ether by 51% and 47% respectively.

The shift in trading patterns shows a pullback from retail investors and a rise in the influence of institutions such as hedge funds.

The Big Tech Earnings Season saw a decline in revenue growth compared to 2021 with combined growth of only 7% for Apple, Amazon, Alphabet, Microsoft, and Facebook, compared to 28% in 2021.

The companies are engaged in significant headcount reductions, costing more than 50,000 jobs.

The time for a correction or pullback may be as soon as next week.

Stay tuned for more real-time updates in our “Daily Trading Signals” Telegram channel!

 

Bukhara Uzbekistan

[Photo: Bukhara, Uzbekistan – See my full travel photo log!]

For our weekly market wrap, we go through some of the trade calls and analysis from last week, which gives us valuable insights for the week ahead.

We cover 3 main markets with a total of 200+ counters, so we will never run out of trading opportunities:

By covering a broad range of markets, we can focus our attention (and capital) on whichever market currently gives the best returns.

Click here to receive all these signals in real-time for only $67 a month! You will get several signals a day, and even taking just 1 trade the whole month can easily cover the fee, so what are you waiting for?

 

Weekly Market Outlook Video

Trading Signals Weekly Market Outlook 010223

Weekly Market Outlook (29 January 2023)

📌 Wednesday: FOMC
📌 Friday: NFP

 

Portfolio Highlights

Trading Signals Weekly Portfolio Updates 310123

Weekly Portfolio Updates (29 January 2023)

Not much changes, since the market has not moved much.

 

Forex & Commodities Market Highlights

Trading Signals AUDCAD 020223

AUDCAD – rebounding off strong resistance, good for a short trade with SL above the prior swing high.

 

Trading Signals AUDCHF 020223

AUDCHF – Also another short trade after running into strong resistance.

 

Stock & Bond Market Highlights

Trading Signals Stock Comparison 020223 1

Stock sector comparisons for 2022

 

Trading Signals Fed Rates 020223

The Federal Reserve raised rates. Chair Powell says it’s ‘premature’ to declare victory against inflation.

 

Trading Signals Us Inflation 310123

In 2007. the Fed and major banks were predicting a soft landing. We all know how that turned out. Will this time be different?

 

Trading Signals US Job 020223

Wow quite a large deviation from expectations!

Wonder if this will lead to a more aggressive stance on rate hikes.

 

Trading Signals US Treasuries 020223

Traders have never been this bearish on Treasuries.

 

Crypto Market Highlights

Trading Signals ETHUSD 020223

ETHUSD Crossing 1694.81
Break swing high

(Charts posted in Telegram channel)

 

Click here to receive all these signals in real-time for only $67 a month! You will get several signals a day, and even taking just 1 trade the whole month can easily cover the fee, so what are you waiting for?

Good luck, and may next week bring more excellent profits!

 



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