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Market Analysis

April, 2022

  • 26 April 2022 5:53 pm

    EUR/USD declines to 2020 lows after dipping back under 1.0700

    After dropping under 1.0700 during the Asian session, EUR/USD continues to press lower towards its 2020 lows in the 1.0630s. The pair continues to suffer as a result of expectations for Fed/ECB policy divergence, as well as Russo-Ukraine war risks.After dipping back under the 1.0700 level during Asia Pacific trading …

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  • 26 April 2022 4:47 pm

    The dollar hits a two-year peak on growth concerns and the expectation of a rate hike

    The dollar rose to a two-year high on Tuesday while the euro fell to its lowest level since March 2020, as concerns about the economic impact of China’s anti-Covid-19 lockdowns and expectations of a US interest rate hike supported the greenback. The dollar index, which measures the performance of the …

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  • 26 April 2022 3:04 pm

    Gold rises supported by concerns about growth and inflation

    Gold prices rose on Tuesday as investors sought safe assets amid concerns about global growth and rising inflation, but bets on sharp US interest rate hikes kept the yellow metal close to its four-week low hit in the previous session. Spot gold rose 0.3 percent to $1,903.70 an ounce by …

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  • 26 April 2022 1:43 pm

    Oil prices stabilize after a sharp decline

    Oil prices stabilized on Tuesday, after a sharp 4 percent drop in the previous session, after concerns about fuel demand in China were allayed by the central bank’s pledge to support the economy affected by Covid-19 restrictions. Brent crude futures rose 59 cents, or 0.58 percent, to $102.91 a barrel, …

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  • 26 April 2022 12:35 pm

    European shares rise on earnings support

    European Stocks

    European shares breathed a sigh of relief on Tuesday as earnings from companies such as UBS and Maersk boosted sentiment after a sell-off in shares in the previous session, driven by concerns about global growth. The pan-European Stoxx 600 index rose 0.6 percent, after falling nearly 2 percent on Monday, …

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  • 26 April 2022 11:59 am

    Japanese stocks follow Wall Street gains, fears about China limit the rally

    Japanese shares closed higher on Tuesday, tracking Wall Street gains Monday night, but concerns about the impact of China’s anti-Covid-19 lockdowns on local companies curbed their rally. The Nikkei index rose 0.41 percent to close at 26,700.11 points. The broader Topix index rose 0.11 percent to 1,878.51 points, after falling …

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  • 26 April 2022 4:34 am

    Market Drivers – US Session – 25 April

    US equities were able to impressively recover in the latter hours of US session. The dominant force in currency markets on Monday remained risk-off, with traders citing China lockdown concerns as the major driver. Amid a sharp pullback in global bond yields as traders reassessed global growth prospects amid the …

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  • 26 April 2022 3:22 am

    Nasdaq Futures Slightly Lower Ahead Of Big Tech Earnings

    Nasdaq 100 futures fell slightly Monday evening after stocks bounced in the afternoon and ahead of Big Tech earnings. Futures tied to the tech focused index fell 0.1%. Dow Jones Industrial Average futures and S&P 500 futures were little changed.In regular trading Monday, the Nasdaq Composite jumped 1.3%. The Dow …

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  • 26 April 2022 1:55 am

    US trucking downturn foreshadows possible economic gloom

    There has been an unexpectedly sharp downturn in demand to truck everything from food to furniture since the beginning of March and rates in the overheated segment that deals in on-demand trucking jobs – known as the spot market – are skidding.It basically just dropped off a cliff. A lot …

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  • 26 April 2022 12:31 am

    Panetta: ECB needs ‘coordinated regulatory action’ on crypto

    European Central Bank executive board member Fabio Panetta said lawmakers across the world must decide how to regulate cryptocurrencies based on potential risks.In a written statement for a speech to Columbia University on Monday, Panetta said global policymakers had made some progress in addressing regulatory frameworks on digital assets, but …

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  • 26 April 2022 12:11 am

    Yen rules amid week’s start risk-off

    Though US equities were able to stage an impressive recovery in the latter hours of US trade, the dominant force in currency markets on Monday remained risk-off flows, with traders citing China lockdown concerns as the major driver.Amid a sharp pullback in global bond yields as traders reassessed global growth …

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  • 26 April 2022 12:00 am

    Class 8 natural gas retail sales gain momentum

    Although natural gas heavy truck sales are up 21% year-to-date, there is a continued decline of total natural gas fueling stations. For the first two months of 2022, US and Canadian Class 8 natural gas truck retail sales rose 21% year-to-date against comparisons of the same time in 2021, according …

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  • 25 April 2022 11:45 pm

    GBP/JPY pullback extends amid risk-off on week’s start

    The GBP/JPY pair was last trading lower by 1.1%, after extending on last Friday’s slightly larger loss to fall back to near the 163.00 level for the first time in nearly two weeks and, in doing so, drop below its 21-Day Moving Average (currently at 163.18) for the first time …

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