Will Investors Sell in May and go away?
Market Updates at a Glance 22/4/22 (Friday)🌎
☛U.S. Stock Market Rallies Fade. Will Investors Sell in May and go away?
➤U.S stocks lurched lower as Treasury Yields jumped across the curve, reaffirming the expectations for more hawkish monetary tightening plans by the Federal Reserve.
Dow -1.05%, S&P 500 -1.48% and Nasdaq -2.07%.
Nasdaq Technical Side:
-Head & shoulder pattern since July 2021 with down slanting neckline-which indicated the bearishness of the market.
-Positive divergence with Ultimate Oscillator, while RSI at the support area. Will prices rebound at the bottom of the ichimoku cloud, 13,800 ? which means is a false break at the current level.
-A break below will expose to the previous low at 14/3 near 1305.0
➤The US dollar index reversed its intraday low of 99.82 helped by rising treasury yields, closed higher by recapturing the 100 handle. U.S. Treasury curve shifted sharply higher with
10-year treasury yield recovered to 2.916%.
➤GBP & EUR continued the weakness and finished lower amid the resilient greenback. GBP dropped to 1.3025 while EUR made a dramatic intraday turnaround with intraday high 1.0936 retraced 1% to 1.0833.
➤PKR continued to depreciate (USDPKR continued higher) with the local market fell 0.7% weighed by the shrinking foreign reserves.
➤USDCNH (China )surged for three consecutive sessions closed at 6.4794 (+0.52%), and still jumping as of writing as PBOC (central bank) engages in the easing policy & announced more measures to counter the economic impact of China’s latest COVID-19 outbreak.
➤Gold & Oil (Brent) were sideways, with gold at $1952 & oil at $108.
➤BTC edged lower near the lower band of the upward channel, closed near $49,480, while XRP dropped to $0.7330.
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#marketanalysis #forexanalysis #forexmarket #dxy #jpy #gold #oil #crossborderpayments #cryptocurrency #btc #equities #xrp #ripple #treasury #tranglo #fintech #globalpayments #blockchain #BridgingBorders #pakistan #pakistaneconomy #china #rmb #yuan
☛U.S. Stock Market Rallies Fade. Will Investors Sell in May and go away?
➤U.S stocks lurched lower as Treasury Yields jumped across the curve, reaffirming the expectations for more hawkish monetary tightening plans by the Federal Reserve.
Dow -1.05%, S&P 500 -1.48% and Nasdaq -2.07%.
Nasdaq Technical Side:
-Head & shoulder pattern since July 2021 with down slanting neckline-which indicated the bearishness of the market.
-Positive divergence with Ultimate Oscillator, while RSI at the support area. Will prices rebound at the bottom of the ichimoku cloud, 13,800 ? which means is a false break at the current level.
-A break below will expose to the previous low at 14/3 near 1305.0
➤The US dollar index reversed its intraday low of 99.82 helped by rising treasury yields, closed higher by recapturing the 100 handle. U.S. Treasury curve shifted sharply higher with
10-year treasury yield recovered to 2.916%.
➤GBP & EUR continued the weakness and finished lower amid the resilient greenback. GBP dropped to 1.3025 while EUR made a dramatic intraday turnaround with intraday high 1.0936 retraced 1% to 1.0833.
➤PKR continued to depreciate (USDPKR continued higher) with the local market fell 0.7% weighed by the shrinking foreign reserves.
➤USDCNH (China )surged for three consecutive sessions closed at 6.4794 (+0.52%), and still jumping as of writing as PBOC (central bank) engages in the easing policy & announced more measures to counter the economic impact of China’s latest COVID-19 outbreak.
➤Gold & Oil (Brent) were sideways, with gold at $1952 & oil at $108.
➤BTC edged lower near the lower band of the upward channel, closed near $49,480, while XRP dropped to $0.7330.
☛Like & follow so you won't miss any market updates ☟
lnkd.in/d38iHCkV
lnkd.in/enTgEqYB
#marketanalysis #forexanalysis #forexmarket #dxy #jpy #gold #oil #crossborderpayments #cryptocurrency #btc #equities #xrp #ripple #treasury #tranglo #fintech #globalpayments #blockchain #BridgingBorders #pakistan #pakistaneconomy #china #rmb #yuan
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.