Weekly Market Report: Monday, January 8th, 2023, to Friday, January 12th, 2023.

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: +0.00%
  • Total pips gained of the week: Overall, there were only 4 pips gained this week.
  • Fluctuations of price during the week: The price range for this week on DXY was between the high of 102.764 and low of 102.075.

This week marked the first active trading week throughout the week as there were no holidays during the week.

Though the week was packed with high-impact news releases that affected the DXY this week, price only ranged for only about 68 pips. The high-impact news releases this week were from Bank Of Europe (BOE) Governor Bailey speaking, Unemployment claims and CPI.

Price movement this week was more like a range as the DXY closes with an indecisive candle as seen from the pips gained throughout the week.

Dow Jones (US30)

  • Overall Percentage gain of the week: +0.20%
  • Total Points gained this week: only about 75.80 points were gained this week.
  • Fluctuations of price during the week: With an opening price of the week on Monday  at 37467.57, the DOW started off with an impulsive bullish movement on Monday. However, this bullish movement was not sustained throughout the week as the remaining days saw a retracement and consolidation afterwards between the low of 37248.99 and high of 37826.13.

The price action of the DOW this week was more like a consolidation though price closed bullish.

Top three gainers this week: International Business Machines Corp (+2.245%), Verizon Communications Inc (+1.741%), and Chevron Corp (+1.37%).

Three Biggest losses this week: UnitedHealth Group Inc (-3.367%), Walgreens Boots Alliance Inc (-3.163%), and Boeing Co (-2.228%).

Nasdaq (NAS100)

  • Overall Percentage gain of the week: +3.08%
  • Total Points gained this week: a massive 502.12 points were gained this week in total.
  • Fluctuations of price during the week: With an opening price at 16311.58 on Monday, the Nasdaq also began with an impulsive bullish move this week. However, this bullish movement was sustained till the end of the week on Friday where price closed at 16813.70. The price range of this week was between the low of 16220.70 and high of  16909.45.

This week showed an impulsive bullish move throughout in direct contrast to last week's bearish move.

Top three Gainers this week: MercadoLibre Inc (+4.203%), Cognizant Technology Solutions Corp (+4.127%), and Coca-Cola Europacific Partners PLC (+2.563%).

Three Biggest losses for the week: IDEXX Laboratories Inc (-4.192%), Tesla Inc (-3.666%), and Walgreens Boots Alliance Inc (-3.163%).

To sum up this week's market movement  the DXY maintained a cautious stance, with minimal gains and a tight trading range influenced by impactful news releases. Dow Jones exhibited a subdued yet positive performance, marked by early bullish momentum tempered by subsequent consolidation. Meanwhile, Nasdaq stole the spotlight among these three, with a robust bullish trend, showcasing significant gains and highlighting standouts.

8K - 15K - 25K

gftfebruary25
25% OFF +
2 months free on MTJ

50K - 100K

gftfebruary15
15% OFF + 
2 months free on MTJ
ONLY ON 2 STEP CLASSIC AND NO TIME LIMIT
UNTIL 29TH FEBRUARY
crossmenu