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[QUOTE="HFM, post: 242384, member: 46567"] [B]Date : 28th April 2022. Market Update – April 28 – USD Dominates with FX Markets in Focus. USDJPY rockets higher with 130.00 in the cross-hairs as BOJ leaves main policy steady, to hold 10yr JGB ceiling at 0.25%, while JPY was clobbered across the board again. AUDJPY back to 92.00, GBPJPY 162.00, EURJPY 136.40. The markets continued to mull the implications of the stand off between the EU and Russia over payment modalities for Russian gas deliveries.[/B] [LIST] [*]The front on a gradual ban of Russian oil imports has hardened, as Russia upped the ante, but while the EU urged a united front on Russian demands for ruble payments, the European Commission last week seemed open to companies finding ways to tally Moscow’s demands with the EU’s sanctions against Putin and that is what many companies are doing now. In the end it seems unlikely that gas supplies to the EU will stop immediately, although governments will work even harder to become independent of Russian deliveries as soon as possible. [*]The [B]10-year Treasury yield is down –[/B]1.1 bp to 2.82%, while JGBs were supported after the BOJ. [*][B]Stocks[/B] – [B]ASX[/B] lifted 1.2%, and the Hang Seng 0.5%, but the CSI 300 is currently down -0.4%, with Covid developments still in focus. US futures are also higher, with a 1.3% rise in the [B]USA100[/B] leading the way. [*][B]Earnings[/B] – Strong earnings from [B]Microsoft[/B] and [B]Visa[/B]. [B]Facebook[/B] owner Meta beat Wall Street forecasts and said it had eked out user growth, sending its shares up almost 20% after hours. [B]Microsoft[/B] MSFT.O shares rallied as well. [B]Google-parent Alphabet[/B] Inc GOOGL.O fell 3.6% as slowing [B]YouTube[/B] ad sales pushed quarterly revenue below expectations. [B]Boeing[/B] Co BA.N dropped 7.5% after it disclosed $1.5 billion in abnormal costs from halting 777X production. [*][B]USDIndex[/B] the main leader, at [B]103.70 [/B]highs. [*][B]Oil [/B]is currently trading at [B]$101.08,[/B] with yesterday’s gains already erased. China’s capital Beijing closed some public spaces and stepped up checks at others on Thursday, as most of the city’s 22 million residents embarked on more COVID-19 mass testing aimed at averting a Shanghai-like lockdown. [*][B]Gold [/B]drifts to [B]$1885.[/B] [*][B]FX markets[/B] – Developments are hurting the [B]EUR[/B], which has dropped below [B]1.0500,[/B] while [B]EURGBP[/B] fell towards the [B]0.8394[/B] mark. [B]GBPUSD[/B] is also under pressure amid general Dollar strength. [B]AUD[/B] and [B]NZD[/B] were on the ropes as worries about a recession in Europe and a slowdown in China [B]engulfed risky assets[/B] and overwhelmed the[B] promise of rising interest rates at home.[/B] [/LIST] [B]Today [/B]– Inflation reports for Germany and Spain are due today, as well as confidence data for Italy. [B]Biggest FX Mover[/B] @ (07:30 GMT) [B]CADJPY[/B] (+1.68%) breached [B]101.90.[/B] MAs pointing higher, MACD signal line & histogram moving higher, RSI at 82, all signalling further boost in the near term. H1 ATR 0.277, Daily ATR 1.15. [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]Andria Pichidi 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 provided 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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