Market Insights with Gary Thomson: 3 - 7 FebruaryMarket Insights with Gary Thomson: BoE Interest Rates, US & Canada Job Data, Corporate Earnings
In this video, we’ll explore the key economic events, market trends, and corporate news shaping the financial landscape. Get ready for expert insights into forex, commodities, and stocks to help you navigate the week ahead. Let’s dive in!
In this episode:
- BoE Interest Rate Decision
- US Nonfarm Payrolls & Unemployment Rate
- Canada Unemployment Rate
- Corporate Earnings Statements
Don’t miss out—gain insights to stay ahead in your trading journey.
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Weeklymarketoutlook
Market Outlook 23rd to 27th May 2022Rollercoaster ride of Global Stock market will continue till we have some stability on the front of inflation, war and stability in crude oil prices. It is a kind of churning which will see some new heroes emerge, some solid performers consolidate and some underperformers with weak fundamentals bite the dust. The advice will be to stick to fundamentally strong stocks add the stocks that are bouncing from support levels with a long term vision.
The Support Zones: 16183, 16129, 16000, 15886 and finally 15739. Below 15739 in unlikely but possible scenario there can be sharp correction towards 15500, 15000 and 14800.
The Resistance Zones: 16400, 16492, 16605 and 16765 will be a major resistance. Above 16765 in very unlikely circumstance we can see the rally consolidate towards 16900 and 17300 levels.