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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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.