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Market Analysis

April, 2022

  • 13 April 2022 2:23 am

    Market Drivers – US Session – 12 April

    The US dollar shed ground ahead of the release of US inflation figures, later recovering somewhat to close the day unevenly. The dollar is stronger against the shared currency, as EUR/USD trades around 1.0830, not far from the year low at 1.0805.Economic DataThe annual rate of US inflation, as per …

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  • 13 April 2022 2:10 am

    EUR/USD Touches Fresh Monthly Lows After CPI Data

    The Euro aims to test the YTD low around 1.0806 after dropping below the 1.0900 mark. The US inflation broke the 8% threshold, a level last seen in 1981, which cements a 50 bps rate hike of the Fed at its May meeting.The EUR/USD pair drops to fresh monthly lows …

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  • 13 April 2022 2:03 am

    Washington to announce $750 million more in weapons for Ukraine

    US President Joe Biden’s administration is expected to announce as soon as Wednesday another $750 million in military assistance for Ukraine for its fight against Russian forces.The equipment would be funded using the Presidential Drawdown Authority, or PDA, in which the president can authorize the transfer of articles and services …

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  • 13 April 2022 1:22 am

    Euro’s founding father: ECB is ‘living in a fantasy’ about inflation

    Otmar Issing said the European Central Bank’s slow response to inflation posed a risk to growth, in an interview with the FT. So, one of the euro’s founding fathers, he said the ECB had “lived in a fantasy” and downplayed the risk of rising prices.Inflation has surged to record highs …

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  • 13 April 2022 1:14 am

    USD/CAD Surges Despite Oil Price Recovery, CPI Data

    Oil prices are elevated and yet the CAD struggles in the face of a firm US dollar and fresh cycle highs. At 1.2641, the USD/CAD pair is up 0.13% on the day, little changed although in recovery mode from its weakest level in nearly four weeks. This is despite a …

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  • 13 April 2022 1:08 am

    Bitcoin Price Slightly Retreats After Hitting $41,000 On CPI Data

    Bitcoin decoupled from the Nasdaq to denote a 2.7% gain as US inflation numbers recorded a new 40-year high. US inflation hits new 40-year record at 8.5%. Bitcoin traded green above $40,500 as the index reading came above market expectations, then the most popular cryptocurrency retreated to 39,502 on the …

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  • 13 April 2022 12:57 am

    Is Fed Prepared to Support Impacted Commodities Market?

    A market breakdown could have extensive economic consequences. The US central bank is believed to be aware of the necessity of being prepared to lend emergency support in the aftermath of the sanctions imposed on Russia, given the fact that the sanctioned country is undoubtedly one of the globe’s largest …

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  • 13 April 2022 12:28 am

    Gold Eyes $2000 As T-Yields Retreat Post-CPI Data

    Gold has hit near one-month highs on Tuesday at just under $1980 and is on course for healthy on-the-day gains. The precious metal was supported as US yields pulled back in wake of evidence of easing Core CPI pressures. Gold bulls will now be eyeing a test of the $2000 …

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  • 12 April 2022 11:19 pm

    AUD/USD Loses Bid As US dollar Bounces Back

    The AUD/USD bulls back off as the US dollar firms up again. The Australian jobs will be a key event for this week, as will the Reserve Bank of New Zealand.At 0.7458, AUD/USD remains in bullish territory, higher by some 0.6% but is losing steam as the greenback recovers in …

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  • 12 April 2022 10:58 pm

    Brainard: Lowering Inflation, Fed’s Key Mission

    Federal Reserve official said on Tuesday the central bank’s top goal is to reduce soaring inflation, and she expressed confidence the central bank can moderate price pressures without triggering an economic downturn.“Inflation is too high,” said Fed governor Lael Brainard, who is awaiting Senate confirmation to serve as the Fed’s …

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  • 12 April 2022 10:41 pm

    BoC Ponders rate hike, QT beginning in May

    The Bank of Canada is expected to announce its first oversized interest-rate hike in more than two decades after hawkish comments from the country’s top monetary policymakers and central bankers and growing signals that the economy is overheating. On Wednesday, the Bank of Canada will announce its decision on monetary …

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  • 12 April 2022 9:33 pm

    Johnson, Biden agree to continue pressures on Russia

    UK PM Boris Johnson and US President Joe Biden agreed on the need to continue joint efforts to ratchet up the economic pressure on Russian President Vladimir Putin over his invasion of Ukraine, a Downing Street statement on Tuesday said, reported Reuters. The two leaders discussed the need to accelerate …

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  • 12 April 2022 7:38 pm

    WTI Crude Oil Rallies More Than $5.0

    The WTI crude oil rebounded back above $100 per barrel to test its 50DMA on Tuesday, gaining more than $5.0 on the session. Traders cited risk-on flows, easing China lockdown fears and geopolitics as bullish for the price action.Oil prices have seen a strong rebound thus far this Tuesday, with …

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