Analytics

How to Start the Week: Analytics and Forecasts — 27.12.2021

Fundamental analysis and forecasts


Global markets gained some optimism while celebrating Christmas.

 

Must Know

As Omicron fears have faded, S&P 500 reached back up to challenge the resistance level of 4,700 that has been holding it recently. Most probably, the level of 4,800 will be its new target now. The FTSE 100 has a similar layout challenging the resistance of 7,400 and is likely to move beyond it soon.


Japan’s authorities have approved a record $943 billion budget. The intention is to support the country’s economy, enhance anti-covid measures, contribute to social programs for the aging people, and boost the military on concerns around Taiwan. For the JPY, that means big spending is coming, and it will likely react to that.


For most of 2021, USD/TRY has been around the level of 7.00. A while ago, it reached 18.00. Recently, the Turkish authorities put in place emergency measures to counter the depreciation of the lira and forced the USD/TRY down to 12.00. Most probably, there is still turbulence ahead for the Turkish lira. That means volatility and a higher potential for possible gains for traders.

 

Fundamental Breakdown

Johnson and Johnson

Unlike Pfizer and Moderna, this company’s vaccine was recognized as ineffective against Omicron.

Tesla

Tesla will have to restrict in-car gaming after US authorities assessed the risky nature of the “Passenger Play” feature in another round of the EV investigations.

Apple, Google

Both companies have postponed the office returns of their employees in line with social restrictions related to Omicron.

Procter and Gamble

Procter and Gamble had to recall some of its key products recently on a concern that they might contain chemicals causing cancer.
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