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Market Analysis

April, 2022

  • 14 April 2022 12:30 pm

    ECB Preview: Forecasts From 6 Major Banks, Set to Signal Tighter Policy

    The European Central Bank ‘ECB’ will announce its decision on monetary policy on Thursday, April 14, at 11:45 GMT. As we get closer to the release time, here are the expectations of the economists and forecasters of 6 major banks. The European Central Bank is expected to leave key rates …

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  • 14 April 2022 3:55 am

    Market Drivers – US Session – 13 April

    Inflation, central banks and the Eastern European crisis are still impacting the market’s mood. Economic DataThe US reported that the March Consumer Price Index jumped to 11.2% YoY, both above anticipated while the UK published the March Consumer Price Index, which jumped to a three-decade high of 7% The annual …

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  • 14 April 2022 3:35 am

    US Dollar Index Tumbles As US Retail Sales Awaited

    Retail Sales

    The US dollar index (DXY) has witnessed a sheer downside after recording a fresh three-year high at 100.52 on Wednesday. The DXY ended its nine-day winning streak on Wednesday after investors shrugged off the hangover of the higher US Consumer Price Index (CPI). The US Bureau of Labour Statistics reported …

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  • 14 April 2022 1:31 am

    Wall Street Ends Higher, Earnings Digested

    Wall Street Ends Higher, Breaking a 3-Day Losing Streak Wall Street rallied to end higher on Wednesday, powered by a recovery in interest-sensitive growth stocks as investors digested hot inflation data and a mixed bag of quarterly results. Stocks closed higher on Wall Street as investors reviewed the latest round …

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  • 14 April 2022 1:15 am

    ETF Strategies to Manage Rising US Inflation Levels

    The world’s largest economy is grappling with rising inflation levels. Per the latest Labour Department report, the Consumer Price Index (CPI) jumped 8.5% year over year in March, reaching the highest level since December 1981. The reading also surpassed the already high Dow Jones estimate of 8.4%. The high inflation …

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  • 14 April 2022 12:50 am

    EUR/USD Recovered From Intraday Low

    The EUR/USD pair recovered from an intraday low of 1.0810, currently trading at around 1.0825 after flirting with the year low. The dollar benefited from hawkish Federal Reserve speakers and overall keeps advancing in a risk-averse environment. After Russian President Vladimir Putin claimed that talks with Ukraine are at a …

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  • 14 April 2022 12:44 am

    Shipping Slowdown Impacts US Economic Growth

    Heavy truck sales in the US are very good leading indicator of economic activity, with 65% of the dollar value of North American freight moved by trucks. But new truck sales have been falling sharply and are now down 23% on an annual basis. New auto sales are falling at …

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  • 13 April 2022 11:43 pm

    Fed’s Waller: Prefers a 50 bps rate hike in May, Possibly more in June and July

    Fed board of governor’s member Christopher Waller said on Wednesday that he supports a 50-bps rate hike at the upcoming May Fed meeting, and possibly more hikes of the same margin at the June and July meetings.It is completely feasible to avert a recession. Data supports 50bps rate hikes – …

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  • 13 April 2022 11:02 pm

    JPMorgan’s Dimon downbeat as profit drops 42%

    JPMorgan

    JPMorgan Chase & Co’s (JPM.N) Chief Executive Jamie Dimon warned of economic uncertainties arising from Russia’s invasion of Ukraine and soaring inflation, after first-quarter profits at the largest US bank slumped 42%.JPMorgan had reported record profit during the first quarter last year, benefiting from a dealmaking boom after the Federal …

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  • 13 April 2022 10:45 pm

    Gold Holds Gains, Hovers Around $1,980

    Gold holds in fresh bull-cycle highs in the midday New York session. The Gold Price is being supported amid continued demand for inflation protection in wake of the latest CPI/PPI data. Geopolitical tensions also remain higher and the prospects of Russo-Ukraine peace remain poor, underpinning the Gold Index.Gold price has …

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  • 13 April 2022 10:37 pm

    JPMorgan: Powerful Forces Threaten US Economy

    Bank’s first-quarter profit fell 42% as it socked away funds to prepare for higher defaults in case of recession. JPMorgan Chase is the first major US bank to report its results for the first quarter. JPMorgan Chase & Co.’s pandemic boom ended with a sharp drop in profits and a …

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  • 13 April 2022 6:59 pm

    Yellen: Will be “a long time before USD replaced as key global currency

    Janet Yellen

    US Treasury Secretary Janet Yellen said on Wednesday that it will be “a long time, if ever” before the US dollar is replaced as the key currency for the global economy. The impact of sanctions on Russia show the importance of the US dollar and euro, as well the US’ …

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  • 13 April 2022 6:38 pm

    US Equities Start Ahead As Q1 Earnings Season Kicks Off

    The Dow Jones Industrial Average added around 66 points to stand at 34,286. The S&P 500 added around nine points at 4,407. The tech laden Nasdaq index gained around 34 points to stand at 13,406US benchmarks started marginally ahead on Wednesday after a volatile start as first quarter earnings season …

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