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Market Analysis

April, 2022

  • 19 April 2022 11:45 am

    Nikkei rises but fails to exceed 27,000

    Japan’s Nikkei rose on Tuesday, but was unable to close above the psychologically important 27,000 point level, as concerns over the upcoming earnings season, a weaker yen and the outlook for US monetary policy limited its gains. The Nikkei closed up 0.69 percent to 26,985.09 points, after it swung in …

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  • 19 April 2022 3:59 am

    Market Drivers – US Session – 18 April

    Major European markets were closed on Monday with generally quite subdued trading conditions for most of the day. Flows were picking up somewhat during US trade. Nonetheless, the US dollar traded firmly across the board against its major G10 counterparts and the Dollar Index (DXY) hit its highest level since …

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  • 19 April 2022 2:30 am

    Bullard: US Inflation could get out of control if we don’t act quickly

    US inflation is “far too high,” according to Fed member James Bullard’s statements on Monday. Bullard offered further insight on the outlook for Fed’s monetary policy. Bullard is one of the bank’s most hawkish and has called for interest rates to reach 3.0% this year. Bullard repeated his case for …

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  • 19 April 2022 1:51 am

    US Stocks Wavering In Thin Trade As Long-End Bonds Fall

    US stocks ended little changed in remarkably thin trading Monday and Treasuries ticked lower at the long-end of the curve as investors focused on corporate results and prospects for faster policy tightening by the US central bank.The S&P 500 closed down less than 0.1%, after swinging between narrow gains and …

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  • 19 April 2022 12:50 am

    US Dollar Index Hits Highest Since April 2020

    Major European markets has a day off, Monday, making for generally quite subdued trading conditions for most of the day, with flows picking up somewhat. The US dollar traded firmly across the board against its major G10 counterparts and the Dollar Index hit its highest level since April 2020 in …

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  • 18 April 2022 11:00 pm

    WTI Eying Fresh Highs Amid Supply Concerns

    Oil prices are on the front foot on Monday amid heightened geopolitical tensions and OPEC supply concerns. WTI is heading towards $110 again, up over $16 versus last week’s lows, and eyeing recent highs around $116.Oil prices put in a strong rally on Monday as concerns regarding an escalation of …

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  • 18 April 2022 10:15 pm

    EUR/USD grinds lower Amid Risk-off Market Sentiment, Strong Dollar

    The Euro begins the week with negative performance, down some 0.28%. The Ukraine-Russia conflict escalates amid the lack of talks at the Foreign Ministry level. The EUR/USD pair remains downward pressured, and a daily close below 1.0806 would exacerbate a move towards 1.0636.The EUR/USD extends its losses in the North …

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  • 18 April 2022 7:10 pm

    World Bank curbs global growth forecast for 2022 to 3.2% from 4.1%

    World Bank President David Malpass said on Monday that the institution is reducing its forecast for global growth in 2022 to 3.2% from 4.1$ previously, reported Reuters. Malpass noted that the bank has committed $11B for the purchase and deployment of vaccines in the current fiscal year, with total Covid-19 …

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  • 18 April 2022 7:05 pm

    Gold Expected To Recapture $2000 Mark Despite Buoyant Us Yields, Stronger USD

    The Gold Price remains poised to recapture $2,000, and trades around 1.0% higher on the day. Elevated inflation, recession risks and the Russia-Ukraine war continue to boost the precious metal safe-haven appeal.This week’s speech from Fed Chair Jerome Powell will keep precious metal traders on their toes. Gold prices came …

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  • 18 April 2022 5:28 pm

    Will FOMC Be Able TO Tame Hot Inflation?

    The economic calendar looks loose this week with most of the interesting data coming from the housing sector, although mortgage rates are over 5%, markets still have some generalization effort to do in order to get events to make sense.Because of the long holiday, which seems to be getting stronger …

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  • 18 April 2022 5:15 pm

    Putin To Accelerate Switch To Trading In National Currencies Under New Conditions

    Russian President Vladimir Putin said on Monday that “we” must switch to trading in national currencies in new conditions. Western sanctions have led to a deterioration in the economy in the West, he continued. On the Russian economy, Putin said that retail demand has normalized, inflation is stabilizing and unemployment …

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  • 18 April 2022 4:25 pm

    Gold prices rise to the highest level in a month as the Ukrainian crisis continues

    Gold prices jumped about 1 percent to their highest level in more than a month on Monday, as concerns about the economic fallout from the Russia-Ukraine war and rising inflation pushed investors to the precious metal as a safe haven. And the price of gold in spot transactions reached 1993.28 …

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  • 18 April 2022 2:16 pm

    The ruble is rising against the dollar

    The ruble swung around the 80 level against the dollar on Monday, while stock indices slipped slightly as the market lacked fresh momentum and monitored developments around what Russia calls a “special military operation” in Ukraine. The Ukrainian Foreign Minister said that there had been no diplomatic contact between Russia …

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