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Market Analysis

April, 2022

  • 9 April 2022 3:08 am

    Market Drivers – US Session – 8 April

    The EUR/USD pair remains pressured and aims at finishing the week on the wrong foot amidst a mixed market sentiment. The EUR/USD is trading at 1.0876 as traders prepare for the weekend.Geopolitics and hawkish Fed keep market sentiment mixed. Investors’ mood was mixed during the North American session. US equities …

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  • 9 April 2022 2:07 am

    Germany To Stop Russian Gas Imports ‘Very Soon’

    German chancellor, Olaf Scholz, said that Germany is doing all it can to wean itself off Russian energy, but declined to endorse a claim by Boris Johnson that it would stop importing Russian gas by the middle of 2024.Scholz said only that the goal would be achieved very soon, and …

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  • 9 April 2022 1:54 am

    Baker Hughes: US drillers add oil and gas rigs for third successive week

    US energy firms last week added oil and natural gas rigs for a third successive week as the federal government seeks more production to help its allies wean themselves off Russian energy, mainly oil and gas.The oil and gas rig count, an early indicator of future output, rose 16 to …

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  • 9 April 2022 1:45 am

    Ahead Of ECB Rate Decision, EUR/USD Hovers Near 1.0875

    The EUR/USD pair remains pressured and aims at finishing the week on the wrong foot amidst a mixed market sentiment. The EUR/USD is trading at 1.0876 as traders prepare for the weekend.Geopolitics and hawkish Fed keep market sentiment mixed. Investors’ mood was mixed during the North American session. US equities …

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  • 9 April 2022 1:26 am

    Markets Await Better Than Expected Earnings Season

    Markets still hope for an the earnings season that is better than expectations. Robust support is seen with a stronger labour market. The US economy is in great shape from that perspective. Equity markets are expected to rebound. Markets are also looking for them to go back up toward their …

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  • 9 April 2022 12:34 am

    US Shares Fall As Tech Shares Lag With Fed In Focus

    US stocks exhibited mixed performance on Friday, with investors continuing to digest signals concerning the next monetary policy-related moves by the US central bank. The S&P 500 and Dow rose, shaking off earlier losses. The Nasdaq shares held in the red territory as technology stocks underperformed. As of Thursday’s close, …

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  • 8 April 2022 11:52 pm

    Gold Steadies Around $1940s Despite High T-Yields, Hawkish Fed

    Gold has managed to remain buoyant despite rising US Treasury yields amid an upbeat market mood, as investors shrugged off the Ukraine-Russia brawl and a hawkish Fed, which according to March’s minutes, would hike 50-bps in the May meeting as well as reducing the $9 trillion balance sheet. XAU/USD is …

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  • 8 April 2022 10:25 pm

    ECB Moving toward a more hawkish stance

    Analysts at Danske Bank revised their forecast for the European Central Bank and now look for a rate hike in September and December. Despite the more hawkish stance from the ECB, they still forecast EUR/USD at 1.05 in twelve months. Key Quotes: “We revise our ECB call slightly after the …

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  • 8 April 2022 7:01 pm

    Tesla rallies on Cybertruck news despite China recall

    Tesla (TSLA) stock gained over 1% in a combination of broad market recovery and follow-on from some strong delivery data last weekend. Tesla however remains on watch for further losses as it has failed to break the previous high and remains in a medium-term downtrend from a technical perspective.Elon Musk …

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  • 8 April 2022 6:32 pm

    WTI expected to close in red territory for second successive week

    The WTI crude oil is expected to end lower for a second successive week. Meanwhile, traders digest this week’s IEA reserve release announcements.The WTI crude oil currently trades a little bit lower on the day around $96.00 after hitting March lows on Thursday. Technical selling after breaking below a long-term …

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  • 8 April 2022 5:45 pm

    Could US Fight Against Inflation Spark Debt Crisis Abroad?

    On 16 March, Jerome Powell, the chair of the US Federal Reserve, announced that the central bank would hike interest rates to 0.25 percent. It was likely just the first in a sequence of rate increases designed to tame stubbornly high inflation. Since the start of the year, the Fed …

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  • 8 April 2022 5:24 pm

    GBP/USD Moving Lower, Looking For A Break

    The GBP/USD pair has continued moving lower. Economists at Credit Suisse stay bearish and look for a break below 1.30 to open up a fall to 1.2855/29. Resistance has been seen at 1.3168/84Economists now look for an imminent break below 1.3013/00, which would reassert the core downtrend, especially if daily …

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  • 8 April 2022 5:09 pm

    Canadian Economy adds 72.5K jobs in March

    The Canadian economy added 72,500 jobs in March, a tad below the median economist forecast for 80,000 jobs to have been added on the month, a report released by Statistics Canada on Friday showed. That marked a significant deceleration in the pace of job gains versus February when 336,600 jobs …

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