Weekly Market Report: Monday, April 15th, 2024, to Friday, April 19th, 2024.

Good day, traders!

Welcome to this week's edition of our weekly market review, where we share with you some important data and highlight major market events that occurred during the trading week as they relate to DXY, Dow Jones (US30), and the Nasdaq (NAS100).

DXY

• Overall Percentage gain of the week: +0.10%
• Total pips gained of the week: Overall, only about 10 pips were gained this week.
• Fluctuations of price during the week: The price range for this week on DXY was between the low of 105.741 and high of 106.517.

The earlier days of the week saw a relatively impulsive bullish move to peak at the week's high at 106.517. 

This week was packed with high-impact news releases that affected the DXY this week, which resulted in the bi directional move move for the week. The high-impact news releases this week include core retail sales, claimant count change, CPI, Fed Chair Powell speaks, BOE Gov. Bailey speaks, Retail sales, Unemployment Claims among others.

In continuation of last week's impulsive bullish move, this week also saw a bullish close.

Dow Jones (US30)

• Overall Percentage loss of the week: -0.03%
• Total Points lost this week: overall, only about 12 points were lost this week.
• Fluctuations of price during the week: With an opening price of the week on Monday  at 37993.53, the DOW started off with an impulsive bearish movement on Monday. However, Tuesday till Thursday saw price consolidate. Friday then saw price move in an impulsive bullish direction. The bi-directional movement of price this week explains the little overall loss in the DOW.

The price action of the DOW this week was overall bearish.

Top three gainers this week: American Express Co (+6.225%), JPMorgan Chase & Co (+2.51%), and Amgen Inc (+2.352%).

Three Biggest losses this week: Amazon.com Inc (-2.561%), Intel Corp (-2.397%), and Microsoft Corp (-1.274%).

Nasdaq (NAS100)

• Overall Percentage loss of the week: -5.50%
• Total Points loss this week: over 990 points were lost this week in total.
• Fluctuations of price during the week: The Nasdaq opened at 18018.84 and  began with a very impulsive bearish move this week. This bearish movement was sustained till the end of the week on Friday where price closed at 17027.57 making it the biggest overall loss in a single week in over two years! The price range this week was between the high of 18183.84 and high of  16960.37.

The Nasdaq showed a unidirectional bearish movement throughout in continuation of last week's bearish move.

Top three Gainers this week: Walgreens Boots Alliance Inc (+3.695%), Autodesk Inc (+2.787%), and Exelon Corp (+2.372%).

Three Biggest losses for the week: NVIDIA Corp (-10.005%), Netflix Inc (-9.093%), and Advanced Micro Devices Inc (-5.442%).

In conclusion, this week's market review revealed varied movements across the DXY, Dow Jones (US30), and the Nasdaq (NAS100). 

While the DXY experienced a bi-directional movement influenced by high-impact news releases, it closed on a bullish note. 

The Dow Jones witnessed slight overall losses with a mix of bearish and bullish movements, while the Nasdaq endured a significant bearish trend, marking its biggest weekly loss in over two years.