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Meta Platforms (META) fell 4.14%, as the European Commission alerted the social technology company that its Facebook Marketplace is breaching European Union antitrust laws

Meta Platforms (META) fell 4.14%, as the European Commission alerted the social technology company that its Facebook Marketplace is breaching European Union antitrust laws| FXMAG.COM
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DAILY MARKET NEWSLETTER
December 20, 2022
 
   
 
 
 
Pre-Market Session
News Sentiment
Technical Views
 
 
 
   
 
 
 
meta platforms meta fell 4 14 as the european commission alerted the social technology company that its facebook marketplace is breaching european union antitrust laws grafika numer 1meta platforms meta fell 4 14 as the european commission alerted the social technology company that its facebook marketplace is breaching european union antitrust laws grafika numer 1 Please note that due to market volatility, some of the key levels may have already been reached and scenarios played out.
 
 
 
 
   
 
 
 
Price MovementAnalyst ViewsTargetPivot
 
Dax (Eurex)14,003.00
-13.00 (-0.09%)
meta platforms meta fell 4 14 as the european commission alerted the social technology company that its facebook marketplace is breaching european union antitrust laws grafika numer 2meta platforms meta fell 4 14 as the european commission alerted the social technology company that its facebook marketplace is breaching european union antitrust laws grafika numer 2
13,670.00
14,080.00
 
 
FTSE 100 (ICE Europe)0.00
0.00 (0.00%)
meta platforms meta fell 4 14 as the european commission alerted the social technology company that its facebook marketplace is breaching european union antitrust laws grafika numer 4meta platforms meta fell 4 14 as the european commission alerted the social technology company that its facebook marketplace is breaching european union antitrust laws grafika numer 4
7,277.00
7,392.00
 
 
S&P 500 (CME)3,851.25
+5.75 (+0.15%)
meta platforms meta fell 4 14 as the european commission alerted the social technology company that its facebook marketplace is breaching european union antitrust laws grafika numer 6meta platforms meta fell 4 14 as the european commission alerted the social technology company that its facebook marketplace is breaching european union antitrust laws grafika numer 6
3,790.00
3,855.00
 
 
Nasdaq 100 (CME)11,212.75
+19.50 (+0.17%)
meta platforms meta fell 4 14 as the european commission alerted the social technology company that its facebook marketplace is breaching european union antitrust laws grafika numer 8meta platforms meta fell 4 14 as the european commission alerted the social technology company that its facebook marketplace is breaching european union antitrust laws grafika numer 8
11,000.00
11,230.00
 
 
Dow Jones (CME)33,021.00
+48.00 (+0.15%)
meta platforms meta fell 4 14 as the european commission alerted the social technology company that its facebook marketplace is breaching european union antitrust laws grafika numer 10meta platforms meta fell 4 14 as the european commission alerted the social technology company that its facebook marketplace is breaching european union antitrust laws grafika numer 10
32,600.00
33,100.00
 
 
Crude Oil (WTI)75.98
+0.79 (+1.05%)
meta platforms meta fell 4 14 as the european commission alerted the social technology company that its facebook marketplace is breaching european union antitrust laws grafika numer 12meta platforms meta fell 4 14 as the european commission alerted the social technology company that its facebook marketplace is breaching european union antitrust laws grafika numer 12
76.60
74.80
 
 
Gold1,794.53
+6.912 (+0.39%)
meta platforms meta fell 4 14 as the european commission alerted the social technology company that its facebook marketplace is breaching european union antitrust laws grafika numer 14meta platforms meta fell 4 14 as the european commission alerted the social technology company that its facebook marketplace is breaching european union antitrust laws grafika numer 14
1,798.00
1,783.00
 
 
 
 
   
 
 
 MARKET WRAP 
 
 
 
 
Market Wrap: Stocks, Bonds, Commodities

On Monday, U.S. stocks extended their losing streak to a fourth session, as negative sentiment lingered. The Dow Jones Industrial Average declined 162 points (-0.49%) to 32,757, the S&P 500 fell 34 points (-0.91%) to 3,817, and the Nasdaq 100 was down 159 points (-1.42%) to 11,084.

Consumer durables & apparel (-2.34%), media (-2.32%), and retailing (-2.05%) sectors lost the most.

Meta Platforms (META) fell 4.14%, as the European Commission alerted the social technology company that its Facebook Marketplace is breaching European Union antitrust laws.

L3Harris Technologies (LHX) slid 3.62% after the aerospace and defense company agreed to buy Aerojet Rocketdyne (AJRD) for $4.7 billion. The latter rose 1.29% following the news. 

Accenture (ACN) dropped a further 3.43% as Jefferies lowered its price target on the stock to $279 from $290.

The U.S. 10-year Treasury yield jumped 10.6 basis points to 3.588%.

European stocks closed higher. The DAX 40 rose 0.36%, the CAC 40 added 0.32%, and the FTSE 100 was up 0.40%.

U.S. WTI crude futures gained $1.40 to $75.69 a barrel.

Gold price was down $5 to $1,787 an ounce.

Market Wrap: Forex

The U.S. dollar index was stable at 104.72.

EUR/USD climbed 18 pips to 1.0604. Germany's Ifo business climate index improved to 88.6 in December (vs 87.0 expected).

USD/JPY increased 42 pips to 137.02.

GBP/USD dipped 5 pips to 1.2143.

AUD/USD added 11 pips to 0.6696.

USD/CHF slid 42 pips to 0.9295, and USD/CAD declined 45 pips to 1.3654.

Bitcoin traded lower to $16,400.

Morning Trading

In Asian trading hours, USD/JPY plunged to 133.75 from 137.02 in the prior session, as the Bank of Japan adjusted its yield curve control.

The Bank of Japan kept its benchmark rate unchanged at -0.10% as expected, while increasing monthly Japanese government bond purchases to 9 trillion yen from 7.3 trillion yen. The central bank said it will expand the range of 10-year government bond yield fluctuations to plus and minus 0.5 percentage points from previous range of plus and minus 0.25 percentage points.

Meanwhile, EUR/USD edged up to 1.0620 and GBP/USD climbed to 1.2150.

Gold rebounded to $1,794.

Bitcoin rose to $16,695.

Expected Today

The eurozone's December consumer confidence index is expected at -24.6, while October current account deficit is estimated at 16 billion euros.

Germany's producer prices index is expected to be up 30.8% on year in November.

In the U.S., annualized housing starts are estimated at 1.40 million units and building permits are expected at 1.48 million units.
 
 
 
 
 UK MARKET NEWS 
 
 
 
 
Bunzl, a distribution and outsourcing company, announced the acquisitions of four businesses based in Australia, New Zealand, Czech Republic and Denmark. The company also agreed to sell its U.K. healthcare division and these transactions are expected to be profit neutral and will generate a small cash inflow.

Utilities, oil & gas and travel & leisure shares fell most in London on Friday.

From a relative strength vs FTSE 100 point of view, Barclays (+0.62% to 155.38p) crossed above its 50-day moving average.

From a technical point of view, CRH (+2% to E37.02) crossed above its 50-day moving average.
 
 
 
 
 ECONOMIC CALENDAR   
 
 
 
TimeEventForecastImportance
 
05:00
meta platforms meta fell 4 14 as the european commission alerted the social technology company that its facebook marketplace is breaching european union antitrust laws grafika numer 16meta platforms meta fell 4 14 as the european commission alerted the social technology company that its facebook marketplace is breaching european union antitrust laws grafika numer 16
3-Year Treasury Gilt Auction
 
LOW
 
 
08:30
meta platforms meta fell 4 14 as the european commission alerted the social technology company that its facebook marketplace is breaching european union antitrust laws grafika numer 17meta platforms meta fell 4 14 as the european commission alerted the social technology company that its facebook marketplace is breaching european union antitrust laws grafika numer 17
Building Permits Prel (Nov)
1.48M
HIGH
 
 
08:30
meta platforms meta fell 4 14 as the european commission alerted the social technology company that its facebook marketplace is breaching european union antitrust laws grafika numer 18meta platforms meta fell 4 14 as the european commission alerted the social technology company that its facebook marketplace is breaching european union antitrust laws grafika numer 18
Building Permits MoM Prel (Nov)
-1.8%
MEDIUM
 
 
08:30
meta platforms meta fell 4 14 as the european commission alerted the social technology company that its facebook marketplace is breaching european union antitrust laws grafika numer 19meta platforms meta fell 4 14 as the european commission alerted the social technology company that its facebook marketplace is breaching european union antitrust laws grafika numer 19
Housing Starts MoM (Nov)
-1.5%
MEDIUM
 
 
08:30
meta platforms meta fell 4 14 as the european commission alerted the social technology company that its facebook marketplace is breaching european union antitrust laws grafika numer 20meta platforms meta fell 4 14 as the european commission alerted the social technology company that its facebook marketplace is breaching european union antitrust laws grafika numer 20
Housing Starts (Nov)
1.4M
MEDIUM
 
 
08:55
meta platforms meta fell 4 14 as the european commission alerted the social technology company that its facebook marketplace is breaching european union antitrust laws grafika numer 21meta platforms meta fell 4 14 as the european commission alerted the social technology company that its facebook marketplace is breaching european union antitrust laws grafika numer 21
Redbook YoY (Dec/17)
 
LOW
 
 
16:30
meta platforms meta fell 4 14 as the european commission alerted the social technology company that its facebook marketplace is breaching european union antitrust laws grafika numer 22meta platforms meta fell 4 14 as the european commission alerted the social technology company that its facebook marketplace is breaching european union antitrust laws grafika numer 22
API Crude Oil Stock Change (Dec/16)
 
MEDIUM
 
 
19:00
meta platforms meta fell 4 14 as the european commission alerted the social technology company that its facebook marketplace is breaching european union antitrust laws grafika numer 23meta platforms meta fell 4 14 as the european commission alerted the social technology company that its facebook marketplace is breaching european union antitrust laws grafika numer 23
International Monetary Market (IMM) Date
 
LOW
 
 
 
 
   
 
 
meta platforms meta fell 4 14 as the european commission alerted the social technology company that its facebook marketplace is breaching european union antitrust laws grafika numer 24
 
 
 
   
 
 
 NEWS SENTIMENT 
 
 
 
 
AstraZeneca PLC
11,108.00 GBp
 
 
 
 
meta platforms meta fell 4 14 as the european commission alerted the social technology company that its facebook marketplace is breaching european union antitrust laws grafika numer 25meta platforms meta fell 4 14 as the european commission alerted the social technology company that its facebook marketplace is breaching european union antitrust laws grafika numer 25
 
 
 
meta platforms meta fell 4 14 as the european commission alerted the social technology company that its facebook marketplace is breaching european union antitrust laws grafika numer 26meta platforms meta fell 4 14 as the european commission alerted the social technology company that its facebook marketplace is breaching european union antitrust laws grafika numer 26meta platforms meta fell 4 14 as the european commission alerted the social technology company that its facebook marketplace is breaching european union antitrust laws grafika numer 27meta platforms meta fell 4 14 as the european commission alerted the social technology company that its facebook marketplace is breaching european union antitrust laws grafika numer 27
meta platforms meta fell 4 14 as the european commission alerted the social technology company that its facebook marketplace is breaching european union antitrust laws grafika numer 28meta platforms meta fell 4 14 as the european commission alerted the social technology company that its facebook marketplace is breaching european union antitrust laws grafika numer 28meta platforms meta fell 4 14 as the european commission alerted the social technology company that its facebook marketplace is breaching european union antitrust laws grafika numer 29meta platforms meta fell 4 14 as the european commission alerted the social technology company that its facebook marketplace is breaching european union antitrust laws grafika numer 29
meta platforms meta fell 4 14 as the european commission alerted the social technology company that its facebook marketplace is breaching european union antitrust laws grafika numer 30meta platforms meta fell 4 14 as the european commission alerted the social technology company that its facebook marketplace is breaching european union antitrust laws grafika numer 30meta platforms meta fell 4 14 as the european commission alerted the social technology company that its facebook marketplace is breaching european union antitrust laws grafika numer 31meta platforms meta fell 4 14 as the european commission alerted the social technology company that its facebook marketplace is breaching european union antitrust laws grafika numer 31
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Uniper SE
2.998 EUR
 
 
 
 
meta platforms meta fell 4 14 as the european commission alerted the social technology company that its facebook marketplace is breaching european union antitrust laws grafika numer 32meta platforms meta fell 4 14 as the european commission alerted the social technology company that its facebook marketplace is breaching european union antitrust laws grafika numer 32
 
 
 
meta platforms meta fell 4 14 as the european commission alerted the social technology company that its facebook marketplace is breaching european union antitrust laws grafika numer 33meta platforms meta fell 4 14 as the european commission alerted the social technology company that its facebook marketplace is breaching european union antitrust laws grafika numer 33meta platforms meta fell 4 14 as the european commission alerted the social technology company that its facebook marketplace is breaching european union antitrust laws grafika numer 34meta platforms meta fell 4 14 as the european commission alerted the social technology company that its facebook marketplace is breaching european union antitrust laws grafika numer 34
meta platforms meta fell 4 14 as the european commission alerted the social technology company that its facebook marketplace is breaching european union antitrust laws grafika numer 35meta platforms meta fell 4 14 as the european commission alerted the social technology company that its facebook marketplace is breaching european union antitrust laws grafika numer 35meta platforms meta fell 4 14 as the european commission alerted the social technology company that its facebook marketplace is breaching european union antitrust laws grafika numer 36meta platforms meta fell 4 14 as the european commission alerted the social technology company that its facebook marketplace is breaching european union antitrust laws grafika numer 36
meta platforms meta fell 4 14 as the european commission alerted the social technology company that its facebook marketplace is breaching european union antitrust laws grafika numer 37meta platforms meta fell 4 14 as the european commission alerted the social technology company that its facebook marketplace is breaching european union antitrust laws grafika numer 37meta platforms meta fell 4 14 as the european commission alerted the social technology company that its facebook marketplace is breaching european union antitrust laws grafika numer 38meta platforms meta fell 4 14 as the european commission alerted the social technology company that its facebook marketplace is breaching european union antitrust laws grafika numer 38
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Barclays PLC
155.38 GBp
 
 
 
 
meta platforms meta fell 4 14 as the european commission alerted the social technology company that its facebook marketplace is breaching european union antitrust laws grafika numer 39meta platforms meta fell 4 14 as the european commission alerted the social technology company that its facebook marketplace is breaching european union antitrust laws grafika numer 39
 
 
 
meta platforms meta fell 4 14 as the european commission alerted the social technology company that its facebook marketplace is breaching european union antitrust laws grafika numer 40meta platforms meta fell 4 14 as the european commission alerted the social technology company that its facebook marketplace is breaching european union antitrust laws grafika numer 40meta platforms meta fell 4 14 as the european commission alerted the social technology company that its facebook marketplace is breaching european union antitrust laws grafika numer 41meta platforms meta fell 4 14 as the european commission alerted the social technology company that its facebook marketplace is breaching european union antitrust laws grafika numer 41
meta platforms meta fell 4 14 as the european commission alerted the social technology company that its facebook marketplace is breaching european union antitrust laws grafika numer 42meta platforms meta fell 4 14 as the european commission alerted the social technology company that its facebook marketplace is breaching european union antitrust laws grafika numer 42meta platforms meta fell 4 14 as the european commission alerted the social technology company that its facebook marketplace is breaching european union antitrust laws grafika numer 43meta platforms meta fell 4 14 as the european commission alerted the social technology company that its facebook marketplace is breaching european union antitrust laws grafika numer 43
meta platforms meta fell 4 14 as the european commission alerted the social technology company that its facebook marketplace is breaching european union antitrust laws grafika numer 44meta platforms meta fell 4 14 as the european commission alerted the social technology company that its facebook marketplace is breaching european union antitrust laws grafika numer 44meta platforms meta fell 4 14 as the european commission alerted the social technology company that its facebook marketplace is breaching european union antitrust laws grafika numer 45meta platforms meta fell 4 14 as the european commission alerted the social technology company that its facebook marketplace is breaching european union antitrust laws grafika numer 45
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Eqs Group AG
25.00 EUR
 
 
 
 
meta platforms meta fell 4 14 as the european commission alerted the social technology company that its facebook marketplace is breaching european union antitrust laws grafika numer 46meta platforms meta fell 4 14 as the european commission alerted the social technology company that its facebook marketplace is breaching european union antitrust laws grafika numer 46
 
 
 
meta platforms meta fell 4 14 as the european commission alerted the social technology company that its facebook marketplace is breaching european union antitrust laws grafika numer 47meta platforms meta fell 4 14 as the european commission alerted the social technology company that its facebook marketplace is breaching european union antitrust laws grafika numer 47meta platforms meta fell 4 14 as the european commission alerted the social technology company that its facebook marketplace is breaching european union antitrust laws grafika numer 48meta platforms meta fell 4 14 as the european commission alerted the social technology company that its facebook marketplace is breaching european union antitrust laws grafika numer 48
meta platforms meta fell 4 14 as the european commission alerted the social technology company that its facebook marketplace is breaching european union antitrust laws grafika numer 49meta platforms meta fell 4 14 as the european commission alerted the social technology company that its facebook marketplace is breaching european union antitrust laws grafika numer 49meta platforms meta fell 4 14 as the european commission alerted the social technology company that its facebook marketplace is breaching european union antitrust laws grafika numer 50meta platforms meta fell 4 14 as the european commission alerted the social technology company that its facebook marketplace is breaching european union antitrust laws grafika numer 50
meta platforms meta fell 4 14 as the european commission alerted the social technology company that its facebook marketplace is breaching european union antitrust laws grafika numer 51meta platforms meta fell 4 14 as the european commission alerted the social technology company that its facebook marketplace is breaching european union antitrust laws grafika numer 51meta platforms meta fell 4 14 as the european commission alerted the social technology company that its facebook marketplace is breaching european union antitrust laws grafika numer 52meta platforms meta fell 4 14 as the european commission alerted the social technology company that its facebook marketplace is breaching european union antitrust laws grafika numer 52
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
HSBC Holdings PLC
495.75 GBp
 
 
 
 
meta platforms meta fell 4 14 as the european commission alerted the social technology company that its facebook marketplace is breaching european union antitrust laws grafika numer 53meta platforms meta fell 4 14 as the european commission alerted the social technology company that its facebook marketplace is breaching european union antitrust laws grafika numer 53
 
 
 
meta platforms meta fell 4 14 as the european commission alerted the social technology company that its facebook marketplace is breaching european union antitrust laws grafika numer 54meta platforms meta fell 4 14 as the european commission alerted the social technology company that its facebook marketplace is breaching european union antitrust laws grafika numer 54meta platforms meta fell 4 14 as the european commission alerted the social technology company that its facebook marketplace is breaching european union antitrust laws grafika numer 55meta platforms meta fell 4 14 as the european commission alerted the social technology company that its facebook marketplace is breaching european union antitrust laws grafika numer 55
meta platforms meta fell 4 14 as the european commission alerted the social technology company that its facebook marketplace is breaching european union antitrust laws grafika numer 56meta platforms meta fell 4 14 as the european commission alerted the social technology company that its facebook marketplace is breaching european union antitrust laws grafika numer 56meta platforms meta fell 4 14 as the european commission alerted the social technology company that its facebook marketplace is breaching european union antitrust laws grafika numer 57meta platforms meta fell 4 14 as the european commission alerted the social technology company that its facebook marketplace is breaching european union antitrust laws grafika numer 57
meta platforms meta fell 4 14 as the european commission alerted the social technology company that its facebook marketplace is breaching european union antitrust laws grafika numer 58meta platforms meta fell 4 14 as the european commission alerted the social technology company that its facebook marketplace is breaching european union antitrust laws grafika numer 58meta platforms meta fell 4 14 as the european commission alerted the social technology company that its facebook marketplace is breaching european union antitrust laws grafika numer 59meta platforms meta fell 4 14 as the european commission alerted the social technology company that its facebook marketplace is breaching european union antitrust laws grafika numer 59
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
BHP Group PLC
2,508.00 GBp
 
 
 
 
meta platforms meta fell 4 14 as the european commission alerted the social technology company that its facebook marketplace is breaching european union antitrust laws grafika numer 60meta platforms meta fell 4 14 as the european commission alerted the social technology company that its facebook marketplace is breaching european union antitrust laws grafika numer 60
 
 
 
meta platforms meta fell 4 14 as the european commission alerted the social technology company that its facebook marketplace is breaching european union antitrust laws grafika numer 61meta platforms meta fell 4 14 as the european commission alerted the social technology company that its facebook marketplace is breaching european union antitrust laws grafika numer 61meta platforms meta fell 4 14 as the european commission alerted the social technology company that its facebook marketplace is breaching european union antitrust laws grafika numer 62meta platforms meta fell 4 14 as the european commission alerted the social technology company that its facebook marketplace is breaching european union antitrust laws grafika numer 62
meta platforms meta fell 4 14 as the european commission alerted the social technology company that its facebook marketplace is breaching european union antitrust laws grafika numer 63meta platforms meta fell 4 14 as the european commission alerted the social technology company that its facebook marketplace is breaching european union antitrust laws grafika numer 63meta platforms meta fell 4 14 as the european commission alerted the social technology company that its facebook marketplace is breaching european union antitrust laws grafika numer 64meta platforms meta fell 4 14 as the european commission alerted the social technology company that its facebook marketplace is breaching european union antitrust laws grafika numer 64
meta platforms meta fell 4 14 as the european commission alerted the social technology company that its facebook marketplace is breaching european union antitrust laws grafika numer 65meta platforms meta fell 4 14 as the european commission alerted the social technology company that its facebook marketplace is breaching european union antitrust laws grafika numer 65meta platforms meta fell 4 14 as the european commission alerted the social technology company that its facebook marketplace is breaching european union antitrust laws grafika numer 66meta platforms meta fell 4 14 as the european commission alerted the social technology company that its facebook marketplace is breaching european union antitrust laws grafika numer 66
 
 
 
 
 
 
 
 
 
 
 
 TECHNICAL VIEWS 
 
 

 
 
EUR/USD Intraday: under pressure.
 
Pivot:
1.0630
 
Our preference:
Short positions below 1.0630 with targets at 1.0570 & 1.0550 in extension.
 
Alternative scenario:
Above 1.0630 look for further upside with 1.0660 & 1.0690 as targets.
 
Comment:
The RSI shows downside momentum.
 
meta platforms meta fell 4 14 as the european commission alerted the social technology company that its facebook marketplace is breaching european union antitrust laws grafika numer 67meta platforms meta fell 4 14 as the european commission alerted the social technology company that its facebook marketplace is breaching european union antitrust laws grafika numer 67
 
 
 
 
 
 
 

 
 
Euro Stoxx 50 (Eurex)‎ (H3)‎ Intraday: the downside prevails.
 
Pivot:
3856.00
 
Our preference:
Short positions below 3856.00 with targets at 3731.00 & 3670.00 in extension.
 
Alternative scenario:
Above 3856.00 look for further upside with 3889.00 & 3919.00 as targets.
 
Comment:
The RSI is bearish and calls for further downside.
 
meta platforms meta fell 4 14 as the european commission alerted the social technology company that its facebook marketplace is breaching european union antitrust laws grafika numer 68meta platforms meta fell 4 14 as the european commission alerted the social technology company that its facebook marketplace is breaching european union antitrust laws grafika numer 68
 
 
 
 
 
 
 

 
 
Brent (ICE)‎ (G3)‎ Intraday: bullish bias above 79.30.
 
Pivot:
79.30
 
Our preference:
Long positions above 79.30 with targets at 80.90 & 81.60 in extension.
 
Alternative scenario:
Below 79.30 look for further downside with 78.80 & 78.30 as targets.
 
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
 
meta platforms meta fell 4 14 as the european commission alerted the social technology company that its facebook marketplace is breaching european union antitrust laws grafika numer 69meta platforms meta fell 4 14 as the european commission alerted the social technology company that its facebook marketplace is breaching european union antitrust laws grafika numer 69
 
 
 

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