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Market Analysis

April, 2022

  • 28 April 2022 2:29 am

    Market Drivers – US Session – Wed. 27 April

    Wednesday witnessed a sharp reversal of recent yen strength, which lacked a clear trigger. Meanwhile, the US dollar has reclaimed the top spot in the daily G10 performance table, and saw the trade-weighted US Dollar Index (DXY) hit fresh more than five-year highs. The Dollar Index rallied to the north …

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  • 28 April 2022 2:06 am

    T-yields surge as investors eye clues on Fed plans

    US Treasury yields surged at the long end on Wednesday after the prior day’s rally as investors awaited greater clarity on the “restrictive” policy the Federal Reserve plans to pursue next week to combat inflation by curbing economic growth.This week a lot of the price action you’ve seen in bonds …

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  • 28 April 2022 1:12 am

    NZD/USD attempts to recover from fresh lows

    The NZD/USD pair is down by 0.33% from a high of 0.6590 but has consolidated into the close in the North American session above the tailspin lows of 0.6527. The pair has been pressured on Wednesday ahead of key data for the US on Thursday and the Federal Reserve next …

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  • 28 April 2022 12:18 am

    WTI trades near $100 as traders weigh geopolitics, China demand

    WTI crude oil continues to trade near $100 as market participants weigh European energy security developments versus China demand/global growth fears.The latest US inventory figures gave WTI some short-lived upside with the US SPR falling to its lowest since 2002. After posting a solid recovery on Tuesday following Monday’s brief …

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  • 27 April 2022 11:40 pm

    USD/CAD rallies despite overextended conditions

    USD/CAD has continued to rally despite what some might perceive to be overextended conditions. The question traders are asking at the moment is whether this is now the top.The US dollar is on fire due to fundamentals yet commodities could be on the verge of a move higher which would …

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  • 27 April 2022 11:26 pm

    Gold Price hits lowest levels since late February around $1880

    Gold prices failed to hold above $1900 on Wednesday and hit their lowest level since late February in the $1880s. An improvement in risk appetite, rebound in US yields and strength in the US dollar all weighed. Now that key $1890 support has been broken, gold bears are eyeing support …

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  • 27 April 2022 10:53 pm

    EUR/USD records five-year lows but trims some losses

    The EUR/USD pair extended its free fall, which accelerated on April 22 after closing around 1.0831. The pair has since plunged more than 400 pips, hitting a fresh 5-year low around 1.0514 on Wednesday. At 1.0564, the EUR/USD recovered some ground, aiming to finish the day with losses for the …

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  • 27 April 2022 10:28 pm

    Could US Real GDP growth in Q1 turn out to be negative?

    On Thursday, the first estimate of US GDP growth will be released. Analysts at Wells Fargo, expect a 0.6% annualized growth rate. They point out that although the economy does not appear on the cusp of another downturn, the probability of a recession next year is not insignificant. Key Quotes: …

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  • 27 April 2022 6:57 pm

    Concerns over inflation drive down Americans’ confidence in economy: poll

    Concerns over inflation are helping tamp down Americans’ confidence in the economy, according to a new poll released on Wednesday.A new Gallup poll shows that Americans have low levels of confidence in the U.S. economy, with just 2 percent of respondents rating the current economic conditions as excellent and only …

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  • 27 April 2022 6:39 pm

    Putin: Western plans to suffocate Russia’s economy with sanctions have failed

    Russian President Vladimir Putin on Wednesday said that Western plans to suffocate Russia’s economy with sanctions have failed, reported Reuters. Putin accused the West of wanting to cut Russia up into different pieces and accused the West of pushing Ukraine into a conflict with Russia. Putin reiterated that Russia will …

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  • 27 April 2022 6:18 pm

    US Pending Home Sales fall below expected

    US Pending Home Sales fell by 1.2% MoM in March, less than the expected 1.6% drop, after sales fell 4.0% in February, the latest figures from the National Association of Realtors showed on Wednesday. That meant the US Pending Home Sales index fell to 103.7 in March, from 105.0 a …

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  • 27 April 2022 5:45 pm

    BoJ Preview: Forecasts from six major banks, policy changes in response to JPY weakness

    The Bank of Japan will hold its policy meeting on Thursday, April 28 at 03:00 GMT and as we get closer to the release time, here are the expectations forecast by the economists and researchers of six major banks.The BoJ is unlikely to announce any changes to its monetary policy …

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  • 27 April 2022 5:16 pm

    The dollar index rushing towards 103, the highest level in 5 years

    At 12:58 GMT, the US dollar index rose to 103.05, its highest level since January 2017. The dollar’s ​​rise comes with the euro also falling to its lowest level in 5 years, due to the difference in monetary policy between the two regions, while the market is waiting for the …

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