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Market Analysis

April, 2022

  • 21 April 2022 1:07 am

    Tesla’s Revenues Surge 81% From 2021

    Tesla has just reported Q1 results, 2022, and beaten analysts’ expectations on top and bottom lines. For the period ending March 31, 2022 Tesla reported $3.22 earnings per share, and revenue of $18.76 billion.Automotive revenue reached $16.86 billion, up 87% from the same period last year. Automotive gross margins jumped …

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  • 21 April 2022 12:49 am

    Fed’s Beige Book: Hot inflation, supply difficulties weigh on US firms

    Supply chain bottlenecks, the highest inflation in decades and a persisting labour shortage are weighing on businesses across the country, according to a new Federal Reserve report. In its region-by-region roundup of anecdotal information known as the Beige Book, the Fed reported that while economic activity increased at a “moderate …

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  • 20 April 2022 11:26 pm

    Gold firming at daily support

    The Gold Price fall was capped by falling US Treasury yields amidst a risk-on market mood. US Treasury yields dropped from three-year highs and undermined the US dollar. Bulls start to engage at the start of a demand area, eyes on daily M-formation.Gold Price is higher in the US session, …

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  • 20 April 2022 10:44 pm

    Daly: Case for a 50 bps rate hike in May is now “complete”

    San Francisco Fed President and FOMC member Mary Daly on Wednesday said that the case for a 50 bps rate hike in May is now “complete” and that the Fed can also make an announcement on the reduction of its balance sheet at the next meeting, reported Reuters. Daly said …

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  • 20 April 2022 7:00 pm

    AUD/USD clings to strong gains

    A combination of factors assisted AUD/USD to gain strong positive traction on Wednesday. Hawkish RBA minutes extended support to the aussie amid a sharp USD corrective pullback. Bets for aggressive Fed rate hikes should limit the USD losses and cap the upside for the pair.The AUD/USD pair maintained its bid …

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  • 20 April 2022 6:24 pm

    US Existing-Home Sales Slip 2.7% in March

    Existing-home sales fell for the second straight month in March to a seasonally adjusted annual rate of 5.77 million. Sales were down 2.7% from the prior month and 4.5% from a year ago. With slower demand, the inventory of unsold existing homes increased to 950,000 as of the end of …

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  • 20 April 2022 5:56 pm

    Canada: Annual CPI jumps to 6.7% in March versus expected rise to 6.1%

    Annual headline inflation in Canada jumped to 6.7% in March, according to the latest Consumer Price Index (CPI) figures released by Statistics Canada on Wednesday. That was well above the median economist forecast for a rise to 6.1% from 5.7% YoY in February. The larger than expected jump in the …

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  • 20 April 2022 5:46 pm

    Nagel Expects ECB’s first rate hike to come in Q3

    Bundesbank President and ECB governing council member Joachim Nagel said on Wednesday that he expects the ECB’s first rate hike to come in Q3 of this year, though he also said he is against hasty rate hikes. Nagel warned that getting inflation back to the ECB’s 2.0% target is looking …

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  • 20 April 2022 4:44 pm

    The Japanese yen is at its lowest level in 20 years

    The Japanese yen hit a new record low on Wednesday at a 20-year low after the Bank of Japan again intervened defending ultra-low interest rates in Japan, widening the spread with the United States as bond yields hit fresh new hard highs. The Bank of Japan again offered to buy …

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  • 20 April 2022 2:47 pm

    Gold at its lowest level in two weeks, affected by US bond yields and the dollar

    On Wednesday, gold prices fell to their lowest in nearly two weeks, weighed down by persistently higher US bond yields and the dollar. By 0741 GMT, spot gold fell 0.4 percent to $ 1941.40 an ounce, and US gold futures fell 0.7 percent to $ 1944.80. On Tuesday, the price …

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  • 20 April 2022 2:17 pm

    US natural gas contracts jump 7%

    The prices of US natural gas contracts rose to their highest level in nearly 14 years when settling Monday’s trading, in conjunction with a drop in temperatures in the United States and the continued weakness of global supplies due to the Russian-Ukrainian war. Expectations have increased about the high demand …

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  • 20 April 2022 1:35 pm

    Oil prices rebound after heavy losses, amid fears of a lack of supply

    On Wednesday, oil prices made up for the heavy losses incurred in the previous session, with attention focused on the short supply from Russia and Libya, while data showed a decline in US inventories last week. Brent crude futures rose 66 cents, or 0.6 percent, to $ 107.91 a barrel …

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  • 20 April 2022 1:08 pm

    Japanese stocks track Wall Street gains

    Japanese stocks rose on Wednesday for a second straight session, as technology heavyweights tracked Wall Street’s overnight gains, while the yen’s recent decline helped boost automakers’ shares. The Nikkei index closed up 0.86 percent to 27,217.85 points, while the broader Topix index closed up 1.03 percent to 1,915.15 points. “US …

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