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Market Analysis

April, 2022

  • 7 April 2022 3:12 am

    Market Drivers – US Session – 7 April

    Inflation in the Eurozone is high and the European Central Bank may soon need to raise interest rates as a result according to statements by Bundesbank President Joachim Nagel on Wednesday.“What we are seeing at the moment suggests that savers may soon be able to look forward to higher interest …

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  • 7 April 2022 2:57 am

    WTI skids below EMA for first time in 2022

    WTI futures have been vulnerable in the past few trading sessions. Crude oil has witnessed a steep fall after recording a multi-year high at $126.51. For the first time in 2022, the asset has closed below the 50-period Exponential Moving Average (EMA), trading at $98.36.On the daily scale, crude oil …

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  • 7 April 2022 1:54 am

    T-Yields Closer to Turning Positive, Stocks Could Get Hurt Most

    Tightening has become a noteable key word across financial markets, as US government bond yields extended recent gains on Wednesday, with growing evidence that the Fed is planning to rapidly raise interest rates and reduce its bond-holdings lifting the 10-year Treasury yield above 2.6%.Yields, which rise when bond prices fall, …

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  • 7 April 2022 1:37 am

    New US Sanctions Targets Putin’s Immediate Family

    US President Joe Biden’s administration has imposed new economic sanctions Wednesday on Russia that will include Russian President Vladimir Putin’s daughters in response to Ukraine’s invasion.Daughters of Putin and his ex-wife, Maria and Katerina face sanctions that will cut them off from the US financial system and freeze any assets …

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  • 7 April 2022 1:25 am

    Gold Price Holds Firmly Despite Hawkish FOMC Minutes

    Gold price is under pressure on Wednesday but contained within a familiar range as it continues to trade sideways on the daily chart. Gold is trading at $1,922.10, XAU/USD; down by 0.06% and has travelled between a $1,933.58 high and a $1,915.08 low. Gold price is firming up in what …

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  • 7 April 2022 12:14 am

    USD/CAD Rallies On Hawkish FOMC Minutes, Expected BoC’s Rate Hike

    The commodity currencies were the hardest hit immediately after the release of the Federal Open Market Committee minutes. USD/CAD rallied after a knee-jerk blip to the downside and reached a high of 1.25558. Simultaneously, in another blow to CAD, WTI futures settled at the lowest level in around a month. …

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  • 7 April 2022 12:07 am

    FOMC Minutes Boost The US Dollar

    The US Federal Reserve unveiled the Minutes of its latest meeting, which reminded market players of the aggressive stance of the central bank. Policymakers are determined to move the monetary policy to neutral “expeditiously.” Additionally, the statement reads: “participants also noted that depending on economic and financial developments, a move …

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  • 6 April 2022 11:18 pm

    Yellen: US Aims At ‘Maximum Pain’ for Russia Without Hurting US Economy

    Janet Yellen

    The Treasury secretary, testifying before a House committee, said the US would continue finding ways to punish Russia for its invasion of Ukraine.Treasury Secretary Janet L. Yellen said that the United States would continue taking steps to cut Russia off from the global financial system, even as many European countries …

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  • 6 April 2022 10:30 pm

    Gold Price Under Pressure As Traders Digest FOMC Minutes

    The gold price is under pressure on Wednesday but contained within a familiar range as it continues to trade sideways on the daily chart. At the time of writing, at $1,922.10, XAU/USD is down 0.06% and has travelled between a high of $1,933.58 and a low of $1,915.08. The US …

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  • 6 April 2022 10:20 pm

    FOMC Minutes: Fed To Move Policy Towards Neutral Expeditiously

    According to the minutes of the March FOMC meeting, participants judged that it would be appropriate to move the stance of monetary policy towards a neutral posture expeditiously, reported Reuters. Balance Sheet Reduction“On balance sheet reduction, participants generally agreed monthly caps of about $60B for Treasury securities, $35B for mortgage-backed …

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  • 6 April 2022 6:47 pm

    Yellen: US open to all tools if China invades Taiwan

    The United States is open to all tools if China invades Taiwan, US Treasury Secretary Janet Yellen said on Wednesday, reported Bloomberg. The US is monitoring attempts to use crypto to evade sanctions, she added, referring to sanctions on Russia. A senior Biden administration official just announced that the US …

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  • 6 April 2022 6:43 pm

    Fed’s Harker: High inflation Not To Go Away Quickly

    Philadelphia Fed President and FOMC member Patrick Harker said on Wednesday that he does not see high inflation going away any time soon and that high gasoline prices will be here for some time, reported Reuters. Harker said he doesn’t expect food prices to come down any time soon. Harker …

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  • 6 April 2022 6:37 pm

    IEA Nations To Release Additional 120M Barrels

    Members of the International Energy Agency will release 120M barrels of crude oil in a bid to cool markets. The news was announced on Wednesday. The US will provide 60M of these barrels and this will be included as part of the already announced 180M barrel release that US authorities …

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