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Daily Market Analysis from Hotforex Broker
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[QUOTE="HFM, post: 207129, member: 32345"] [b]Date : 15th April 2022. Market Update – April 15 – Stocks Sink, Yields Rally, EUR & JPY Pressured.[/b] [URL='https://analysis.hotforex.com/wp-content/uploads/2020/08/daily-market-update.png'][IMG]https://analysis.hotforex.com/wp-content/uploads/2020/08/daily-market-update-696x364.png[/IMG][/URL] [B]USD[/B] & [B]Yields[/B] rallied significantly, and [B]Stocks[/B] sank into long Easter weekend. [B]EURUSD[/B] tanked under [B]1.0800[/B] after [B]ECB[/B] confirmed [B]QE[/B] is set to end in Q3, but [B]Lagarde[/B] was cagey on the actual timing and on the prospect of rate hikes. [B]USDJPY[/B] hit a new 20-yr high over [B]126.50.[/B] [B]US[/B] Claims missed (185k vs 172K), but remain historically low. [B]Retail Sales [/B]were better ([B]+0.5%[/B] headline, [B]+1.1%[/B] ex-autos & big net upward revisions). UoM Consumer Sentiment surprised to the upside (65.7 vs 59.1). [B]Trade prices[/B] beat – record-high[B] 4.5%[/B] for [B]exports[/B] & 11-yr high of [B]2.6%[/B] for[B] imports.[/B] All 4-big banks [B]beat earnings expectations[/B] but profits fell and shares varied from [B]Citi[/B] [B]+1.55%[/B] to [B]Wells Fargo[/B] [B]-4.51%. Musk[/B] moved to buy [B]Twitter, [/B]markets not convinced, but he has a “Plan B” if it fails apparently. [LIST] [*][B]Stocks[/B] lower ([B]NASDAQ[/B] [B]+2.14%[/B]) Asia markets weaker too ([B]Nikkei[/B] [B]-0.31%[/B]) with UK & Europe closed today & Monday. [*][B]Yields[/B] moved significantly higher, 10-yr moved form [B]2.69% [/B]to close at [B]2.82%[/B] [*][B]USDIndex[/B] rallied from lows at [B]99.50 [/B]to highs at [B]100.75[/B] & trades [B]100.26 [/B]now. [*][B]Equities[/B] – [B]USA500[/B] -54 (-1.21%) at [B]4392. – [/B] US500 FUTS closed at [B]4388. TWTR[/B] [B]-1.68%[/B] ( [B]+13%[/B] pre-market when news broke) [B]TSLA -3.66%[/B], APPL [B]-3.00%[/B] NVDA [B]-4.26%,[/B] AMD [B]-4.79%.[/B] [*][B]Oil & Gold [/B]continued to recover and hold over [B]$105 & $1970 [/B]respectively. [*][B]Bitcoin[/B] sank to 39k zone again from over 41k, trades at [B]40k[/B] now. [*][B]FX markets[/B] – [B]EURUSD [/B]has recovered [B]1.0800[/B] from [B]1.0757[/B] lows yesterday. [B]USDJPY [/B]trades at new 20-yr highs at [B]125.60[/B] and [B]Cable[/B] tumbled a whole big number to [B]1.3050 [/B]from [B]1.3150[/B] yesterday. [/LIST] [B]Overnight [/B]– [B]Mester [/B](hawk)[B] –[/B] Job market is “very tight” & inflation is “very elevated”. [B]Williams[/B] (centratist) a 50 bp rate increase is a “very reasonable option,” [B]PBOC[/B] did not cut interest rates as had been broadly expected. [B]Today [/B]– French CPI in-line at +1.4% m/m. Empire State Manu. Index. [URL='https://analysis.hotforex.com/wp-content/uploads/2022/04/2022-04-15_10-00-09.png'][IMG]https://analysis.hotforex.com/wp-content/uploads/2022/04/2022-04-15_10-00-09.png[/IMG][/URL] [B]Biggest FX Mover[/B] @ (07:30 GMT) [B]USDJPY[/B] (+0.65%) Continues to rally posting [B]new 20-yr highs[/B] over 126.60. Next resistance 126.75 & 127.00. MAs aligned higher, MACD signal line & histogram moving higher, RSI 69 & rising, H1 ATR 0.151, Daily ATR 1.71. [b]Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report.[/b] Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. [b] Stuart Cowell Head Market Analyst HotForex Disclaimer:[/b] This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provi ded is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission. [/QUOTE]
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