Skip to content Skip to footer

Apple’s $3 Trillion Milestone, Lockdown Fears Send GBPUSD to 1-Year Lows & JP Morgan’s Forecast for 2022

GBPUSD falls to 1-year low on lockdown fears

GBPUSD fell to its lowest level of the year, as traders reacted to the news of a potential lockdown due to the Omicron variant.

Cable fell to an intraday low of 1.3164 on Wednesday, as markets reacted to the news that the UK government might be set to announce new lockdown restrictions.

💡 WHO Comments
So far the WHO has commented on the preliminary studies of Omicron, transmission maybe faster that other variants, yet disease may not be as big a threat. While some suggest that the early detection ‘bought the world time‘. Others are saying that as Omicron is already circulating the globe we must act quickly

Reports circulated that the government was scheduled to consider implementing a “plan b” in order to help curb the spread of Omicron.

Wednesday’s low in GBPUSD was the lowest level the pair has traded since December last year when the nation was in lockdown.

London’s FTSE 100 closed marginally lower on the speculation.

Apple closes in on $3 trillion market cap

Shares in Apple were trading higher during today’s session, as the iPhone maker edged closer to reaching a market cap of over $3 trillion.

The tech giant saw its share price reach an intraday high of $175.96, putting the company $7 per share away from reaching that milestone.

💡 Apple, the record-breaker
Apple was the first company to reach a $1 trillion and $2 trillion market cap. It became the world’s most valuable publicly traded company when it surpassed state oil giant Saudi Aramco in market cap last year. So it comes to as no surprise that it’ll be the first company to pass the 3 trillion dollar market cap

Overall, Apple stock has risen by close to 30% in 2021, after climbing by almost 80% last year, during the height of the pandemic.

This rise is almost four times higher than the increase of the S&P 500 during that same period and came as retail investors flocked to tech companies last year.

Many believe that Apple could hit this new milestone before the end of the year.

JP Morgan forecasts 2022 global recovery

On Wednesday, a senior member of the Investment Bank J.P. Morgan, stated that they believe that the COVID-19 economic recovery will be fully complete in 2021.

The company’s Chief Market Strategist Marko Kolanovic stated that, “Our view is that 2022 will be the year of a full global recovery, an end of the pandemic, and a return to normal economic and market conditions we had prior to the COVID-19 outbreak”.  Markets were somewhat muted to the comments, with the blue-chip Dow Jones trading flat on Wednesday, after a strong start to the week.

Many believe that the recent market rally could be put in question, depending on the governmental response to Omicron, with some nations looking to tighten their borders.

Shares in $JPM were 0.67% lower in afternoon trading.

“Dangers of watching every tick are twofold: overtrading and increased chances of prematurely liquidating good positions.”

– Jack Schwager

Eliman Dambell

Senior Market Analyst


Tradeview Ltd. is not a portfolio manager or an investment advisor. This Market Report is for informational purposes only. Any statements made or opinions voiced in this Market Report do not constitute investment advice. The Tradeview Ltd. Market Report does not constitute a solicitation to buy or sell in the financial markets. Although the information contained in the Market Report comes from trusted sources, Tradeview Ltd. is not responsible for guaranteeing the accuracy, timeliness, completeness, or fitness of such sources. Tradeview Ltd. shall not be responsible for and disclaims all liability for any losses which may be suffered from access and use of the contents of the Tradeview Ltd. Market Report. Trading any financial instrument on margin, using leverage or otherwise involves considerable risk. Therefore, before deciding to participate in any style of trading, you should carefully consider your investment objectives, level of experience and risk appetite. Most importantly, do not invest money you cannot afford to lose. Consulting with your investment counselor, attorney, accountant or other professional upon whom you rely for guidance as to the appropriateness of an investment in any style of trading is recommended.

Tradeview Ltd.

Is licensed to carry on securities investment business and is regulated by the Cayman Islands Monetary Authority (CIMA) as a full securities broker-dealer. Tradeview conducts business pursuant to the Cayman Islands Securities Investment Business Law (SIBL) and its activities fall under the direct supervision of the Investments and Securities Division of CIMA.
Headquarters: 5th Floor Anderson Square, 64 Shedden Road, Georgetown, Grand Cayman, Cayman Islands KY1-1002, BWI.

TVM Global Ltd.

Is licensed and regulated by the Labuan Financial Services Authority (FSA) as a Money Broker, registration number LL15870 licensed to facilitate transactions in foreign exchange pursuant to Labuan Financial Services and Securities Act 2010, the Labuan Companies Act 1990 and the Labuan Business Activity Tax Act 1990.
Headquarters: International Business Financial Centre at Office 5, Jamie Business Center I, Unit F10, First Floor, Paragon Labuan, Jalan Mustapha, 87000 Labuan F.T.

Tradeview Europe Ltd.

Is licensed as a Category 2 Investment Service Company and is regulated by the Malta Financial Services Authority (MFSA). The Malta Financial Services Authority (MFSA) is the single regulator for financial services in Malta. MFSA is a fully autonomous public institution and reports to Parliament on an annual basis. The MFSA is a member of the European Banking Authority (EBA), the European Securities and Markets Authority (ESMA) and the International Organization of Securities Commissions (IOSCO) and is a signatory of the Multilateral Memorandum of Understanding with other European regulatory Institutions. Tradeview is authorized to provide financial services across multiple asset classes and is passported in the EU/EEA under MiFID II (EU Markets in Financial Instruments Directive).
Headquarters: 157 Archbishops Street, Valletta VLT Malta 1440.

Tradeview Financial Markets S.A.C.

Is authorized to conduct business pursuant to and in compliance with the General Law of Companies (LGS) promulgated by the government of Peru. Tradeview Financial Markets S.A.C is registered with the National Superintendence of Public Registries (SUNARP), company number 13089531. Tradeview Financial Markets S.A.C provides financial services in selected OTC derivative markets in compliance with all applicable government regulations.
Headquarters: Los Mirtos 239 Urb. San Eugenio, Lince, Lima, Perú.