Market Updates at a Glance: 11 April 2022 (Monday)๐
Market Updates at a Glance: 11 April 2022 (Monday)๐
โUS Dollar Index Probes over 100 for the first time in nearly two years.
โคU.S stocks traded mixed, with Nasdaq Leading the downside as Fed laid out aggressive policy plans. Rising interest rates are negative for growth stocks. Dow +0.4%, S&P 500 -0.27% & Nasdaq -1.34%.
โคThe US dollar index retreated to 99.84 after hitting as high as 100.18 in the intraday session. Treasury yields were higher across the curve as market continued to price-in additional US rate hikes, with 10-year treasury yield climbed to a 3 year high of 2.70%.
โTechnical front:
US dollar index -Friday's candle was a shooting star, implying some weakness in the market. Eyeing the 100 level (big round number) and price action in the smaller time frame for additional confirmation.
โคGBP & EUR were both near 52 week low amid the stronger greenback. GBP continued to test the 1.300 level while EUR was flat at 1.0876. The Bank of England (BoE) is expected to raise interest rates in the second quarter of 2022 to contain inflation.
โคGold rose to $1947 despite rising yields. Eyeing the US CPI on Tuesday.
โคOil (Brent) ended lower for the second straight week to $102.48 and is dropping to $100.80 as of writing. The world consumers announced plans to release crude from strategic stocks and Chinese lockdowns continued. China is the worldโs biggest oil importer.
โคBitcoin & XRP were declined for a second weekly session with BTC $42,219 (-9.10%) & XRP 0.7542(-9.7%).
โคRUB recovered to pre Ukraine invasion levels as FX Reserves remained steady. USDRUB is trading at 76.08 as of writing.
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#marketanalysis #forexanalysis #forexmarket #dxy #gbpusd #gold #oil #crossborderpayments #cryptocurrency #btc #equities #xrp #ripple #treasury #tranglo #fintech #globalpayments #blockchain #BridgingBorders
โUS Dollar Index Probes over 100 for the first time in nearly two years.
โคU.S stocks traded mixed, with Nasdaq Leading the downside as Fed laid out aggressive policy plans. Rising interest rates are negative for growth stocks. Dow +0.4%, S&P 500 -0.27% & Nasdaq -1.34%.
โคThe US dollar index retreated to 99.84 after hitting as high as 100.18 in the intraday session. Treasury yields were higher across the curve as market continued to price-in additional US rate hikes, with 10-year treasury yield climbed to a 3 year high of 2.70%.
โTechnical front:
US dollar index -Friday's candle was a shooting star, implying some weakness in the market. Eyeing the 100 level (big round number) and price action in the smaller time frame for additional confirmation.
โคGBP & EUR were both near 52 week low amid the stronger greenback. GBP continued to test the 1.300 level while EUR was flat at 1.0876. The Bank of England (BoE) is expected to raise interest rates in the second quarter of 2022 to contain inflation.
โคGold rose to $1947 despite rising yields. Eyeing the US CPI on Tuesday.
โคOil (Brent) ended lower for the second straight week to $102.48 and is dropping to $100.80 as of writing. The world consumers announced plans to release crude from strategic stocks and Chinese lockdowns continued. China is the worldโs biggest oil importer.
โคBitcoin & XRP were declined for a second weekly session with BTC $42,219 (-9.10%) & XRP 0.7542(-9.7%).
โคRUB recovered to pre Ukraine invasion levels as FX Reserves remained steady. USDRUB is trading at 76.08 as of writing.
โLike & follow so you won't miss any market updates โ
lnkd.in/d38iHCkV
lnkd.in/enTgEqYB
#marketanalysis #forexanalysis #forexmarket #dxy #gbpusd #gold #oil #crossborderpayments #cryptocurrency #btc #equities #xrp #ripple #treasury #tranglo #fintech #globalpayments #blockchain #BridgingBorders