Macro Update for the Week 19/12/2022 – 23/12/2022Dec 19, 2022

Regarding the interest hike of 50bp from the FED’s President, and his speech, markets received a fear sentiment for what is going to happen in the next months, so the S&P 500 closed -2,09%, the Dow Jones Industrial Average -1,79%, the Nasdaq Composite -2,76%, and DAX40 in Europe -3,32%, on a weekly basis.

The Economic Calendar of the week (19/12 – 23/12) has very interesting readings, such as German Ifo Business Climate for December, German PPI for November, US Building Permits for November, Eurozone Consumer Confidence and US Consumer Confidence for December,  UK GDP and US GDP for Q3, US New Home Sales for November, US API Crude Oil Stocks (weekly based), US Crude Oil Inventories weekly based, U.S Initial Jobless Claims (weekly released), including the speaking of Mrs. Lagarde and Mr. Powel and many of the officials.

Tesla is approaching interesting support. Check our article HERE


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