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Market Analysis

April, 2022

  • 14 April 2022 11:53 pm

    Mester: Fed To Push Policy Quickly Enough To Contain Hot Inflation

    Cleveland Fed President and FOMC member Loretta Mester said on Thursday that the Fed aims to reduce policy accommodation at the pace necessary to control inflation whilst also sustaining economic activity.Mester added that the Fed aims to bring demand into better balance with supply, whilst also sustaining the health of …

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  • 14 April 2022 11:28 pm

    US Shares drop back As T-Yields Rise Ahead of Long Weekend

    Major US equity indices showed mixed performance on Thursday, with tech stocks underperforming as US yields soured. Investors received another update on the recovery in the jobs market. The number of people seeking unemployment benefits ticked up last week, according to the Labour Department, but remained at a historically low …

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  • 14 April 2022 10:36 pm

    GBP/USD Correcting ECB Selloff As BoE Policy In Focus Again

    At 1.3069, the GBP/USD pair is attempting to correct the London sell-off that followed the European Central Bank announcements that sank the Euro and enabled the embattled US dollar to bounce back. The pound was caught up in the flows and extended a fall from a high of 1.3146 to …

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  • 14 April 2022 10:03 pm

    March retail sales reports reveals resilience of consumer spending

    Retail Sales

    The US Commerce Department on Thursday said that retail sales rose a seasonally adjusted 0.5% in March from a month earlier. That was a tad less than the 0.6% gain that economists polled by The Wall Street Journal were looking for, but there were also revisions to the previous two …

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  • 14 April 2022 6:38 pm

    UoM Consumer Sentiment Index Rises Above Expectations

    The preliminary estimate of the University of Michigan’s (UoM) Consumer Sentiment Index for April rose to 65.7 from 59.4 last month, above the expected reading of 59.0, data released on Thursday showed. The Consumer Expectations Index was also significantly stronger than expected at 64.1 versus forecasts for a reading of …

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  • 14 April 2022 5:54 pm

    GBP/USD Slips Back As Sterling Weakens Post-ECB

    The GBP/USD pair has dipped back under 1.3100 as it weakens in tandem with the euro post-dovish ECB policy announcement. The pair remains at risk of falling to sub-1.3000 levels amid the risk of more BoE/Fed policy divergence.Though the currency hasn’t been weighed as badly as its euro counterpart, the …

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  • 14 April 2022 5:46 pm

    USD/CAD Rebounds Swiftly As USD Gets Stronger

    The USD/CAD pair staged a goodish intraday bounce from over a one-week low set earlier this Thursday. Weaker oil prices undermined the CAD and extended support amid resurgent USD demand. Bulls seemed rather unaffected by the disappointing release of the US Retail Sales figures.The USD/CAD pair recovered nearly 70 pips …

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  • 14 April 2022 5:36 pm

    IMF To Downgrade Global Growth Outlook For 2022, 2023

    International Monetary Fund (IMF) Managing Director Kristalina Georgieva said on Thursday that the IMF will be downgrading the outlook for global growth for both 2022 and 2023, reported Reuters. She cited inflation, tightening of financial conditions and frequent Covid-19 lockdowns in China as weighing on activity. Additional Takeaways:• Since the …

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  • 14 April 2022 5:26 pm

    US: Weekly Initial Jobless Claims rise to 185K

    There were 185,000 initial jobless claims in the US on the week ending on 9 April, the latest report from the US Depart of Labour showed on Thursday. That was a little above expectation for a rise to 171,000 from 167,000 one week prior. The four-week average number of initial …

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  • 14 April 2022 4:37 pm

    Gold is on its way to achieving weekly gains amid political and economic risks

    Gold prices fell on Thursday but were still on track to record a weekly increase, supported by the demand for safe havens due to the Ukraine crisis and mounting price pressures. By 1100 GMT, gold fell in spot transactions 0.2 percent to $ 1973.41 an ounce, after rising for six …

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  • 14 April 2022 3:49 pm

    ECB leaves rates unchanged at -0.50% as expected,

    The European Central Bank left its benchmark deposit rate unchanged at -0.50% on Thursday as unanimously expected by analysts. The central bank also reiterated its guidance that net asset purchases (Quantitative Easing or QE) should end in Q3. to be updated

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  • 14 April 2022 3:32 pm

    CBRT Leaves Repo Rate Unchanged at 14%

    The Central Bank of the Republic of Turkey left its benchmark interest rate, the one-week repo rate, unchanged at 14.00% on Thursday, as market participants had been expecting. The CBRT’s decision to hold interest rates comes despite the headline rate of Consumer Price (CPI) Inflation in Turkey surging above 60% …

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  • 14 April 2022 3:02 pm

    Elon Musk offers to buy Twitter for $41.39 billion

    A regulatory filing on Thursday said billionaire Elon Musk has offered to buy Twitter for $41.39 billion. Musk’s bid of $54.20 per share represents a 38 percent premium to Twitter’s closing price on April 1, which was the last trading day before the Tesla CEO announced his investment in more …

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