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Market Analysis

April, 2022

  • 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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  • 12 April 2022 7:30 pm

    Wells Fargo: Inflation likely peak in March, to remain above 6% in Q4

    The annual rate of inflation climbed to 8.5% in March, the highest level since 1981. Analysts at Wells Fargo point out that despite wide-ranging price increases again in March, they believe this likely marks the peak in post-COVID inflation. They expect demand for goods to waver as spending pivots back …

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  • 12 April 2022 6:21 pm

    US Prices climb Amid Growing Slowdown Fears

    Inflation has proven to be one of the most blistering features of the covid economy, testing the White House and Federal Reserve. Gasoline prices hover around $4.00 a gallon for the least expensive grade at several gas stations in the nation’s capital on April 11, 2022 in Washington, DC. Prices …

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  • 12 April 2022 6:01 pm

    Gold spikes above $1,970 post-US CPI

    Gold surges above March 24 high at $1966, and it aims to get back to the $2000 mark after US consumer inflation rose to levels last seen in 1981, amidst a mixed sentiment, courtesy of high global inflation, the Ukraine-Russia conflict, and China’s Covid-19 lockdowns. Gold is trading at $1967.93 …

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  • 12 April 2022 5:30 pm

    Putin: Talks In A Dead-End, Ukraine Deviated From Agreements Achieved In Istanbul

    Russian President Vladimir Putin said on Tuesday that talks with Ukraine are in a dead-end, reported Reuters citing Russia’s state-run RIA. Ukraine has deviated from the agreements achieved at talks in Istanbul, he added. Putin’s remarks come after he earlier stated that Russia’s special military operation in Ukraine is going …

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  • 12 April 2022 4:45 pm

    US annual CPI inflation rises to 8.5% in March

    The annual rate of US inflation, as per the Consumer Price Index (CPI), came in at 8.5% in March, slightly the median economist forecast for a reading of 8.4% and higher versus February’s YoY rate of 7.9%. The MoM rate of inflation according to the CPI came in at 1.2% …

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  • 12 April 2022 4:17 pm

    US CPI Preview: Forecasts from 7 major banks, another lurch forward

    The US Bureau of Labor Statistics will release the March Consumer Price Index (CPI) data on Tuesday, April 8 at 12:30 GMT and as we get closer to the release time, here are the forecasts by the economists and researchers of 7 major banks regarding the upcoming US inflation print. …

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  • 12 April 2022 2:56 pm

    Germany: Annual HICP rises to 7.6% in March

    Annual inflation in Germany, as measured by the Harmonised Index of Consumer Prices (HICP), rose to 7.6% in March, Destatis reported on Tuesday. This print matched the market expectation and the flash estimate. The Consumer Price Index (CPI) arrived at 7.3% and 2.5% on a yearly and monthly basis, respectively.

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  • 12 April 2022 2:21 pm

    German ZEW Economic Sentiment Index drops to -41 in April

    The findings of the German ZEW survey showed on Tuesday that the Economic Sentiment Index declined modestly to -41 in April from -39.3 in March. This reading came in much better than the market expectation of -48. Underlying details of the publication revealed that the Current Situation Index dropped to …

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  • 12 April 2022 1:36 pm

    Japan shares close near four-week lows

    Japan

    Japanese stocks closed lower on Tuesday, approaching four-week lows, and high-tech stocks led the declines, following in the footsteps of their US peers. The Japanese Nikkei index closed down 1.81 percent to record 2,6334.98 points, its lowest level since March 16. The broader Topix index fell 1.38% to 1,863.63 points. …

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  • 12 April 2022 12:45 pm

    Oil rises after Shanghai ease Covid restrictions, OPEC warns of supply shortage

    Oil prices rose on Tuesday as concerns about demand in China eased after Shanghai eased some restrictions related to the spread of the Covid-19 disease, while OPEC warned that it would be impossible to increase production enough to offset the loss of supplies from Russia. Brent crude futures rose $2.98, …

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  • 12 April 2022 2:22 am

    Market Drivers – US Session – 11 April

    The market sentiment was sour at the beginning of the week, with the US dollar initially falling but later recovering against its major rivals. Demand for safety pushed USD/CHF lower, to the 0.9300 region, and gold higher, as the precious metal trades around $1,950 per ounce.Economic DataBritish stocks ended lower …

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  • 12 April 2022 2:06 am

    Could $39,000 Level Assist Bitcoin price trend?

    Bitcoin

    The price of stumbled on Monday as investors assessed the risks from rising rates and the potential for more tightening by the Federal Reserve.Bitcoin last fell 7% to $40,009.78, according to Coin Metrics. Earlier in the day it fell to $39,785.68, falling below the key $40,000 support level for the …

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