Archive for April 25th, 2022
Archive for April 25th, 2022

Archive for April 25th, 2022

25
Apr

Good Morning Traders

Downbeat moods could be spotted during the Asian session today. Nikkei dropped 1.7%, Kospi declined 1.4% and indices from China traded up to 3% lower. Stock exchanges in Australia and New Zealand were closed for holiday. US and European index futures are trading lower at the beginning of a new week. Market moods deteriorated as […]

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22
Apr

Mixed Canadian Retail Data

Canada retail sales data for February was released at 1:30 pm BST.  Report turned out to be mixed and did not trigger any major moves on the market. Highlights of the report: • Headline: 0.1% MoM vs -0.2% MoM expected (3.2% MoM previous) • Ex-autos: 2.10% MoM vs  0.0% MoM expected (2.5% MoM previous) USDCAD […]

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22
Apr

Talking GBP

GBPUSD dropped below 1.30 today, for the first time since November 2020. The pair took a hit this morning following the release of UK retail sales data for March. Report turned out to be much worse than expected with retail sales increasing just 0.9% on a year-over-year basis (exp. 2.8% YoY). On a month-over-month basis […]

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22
Apr

Solid PMI’s Brings No Support For EUR/USD

Release of preliminary PMIs for April is a key event during today’s European morning. Market expected a slight deterioration in both manufacturing and services sectors. However, French data released at 8:15 am BST showed PMIs coming not only above expectations but also above last month’s levels. German release was not as upbeat as the manufacturing […]

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22
Apr

Today’s Economic Calendar

European stock markets set to open lower Flash PMIs from Europe and the United States Retail sales data from Canada Futures markets point to a lower opening of the European cash session today, following downbeat trading on Wall Street yesterday and in Asia today. EUR is one of the best performing major currencies, thanks to […]

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22
Apr

Good Morning Traders

US indices plunged yesterday with the tech sector lagging the most. Stocks remain under pressure amid continued pick-up in yields. US 10-year yield is nearing 3% S&P 500 dropped 1.48%, Dow Jones moved 1.05% lower while Nasdaq slumped 2.07%. Russell 2000 also dropped more than 2% Downbeat moods were observed during the Asian session as […]

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Looking Ahead (French Elections)

Who will win French elections❓ How will markets react❓ Second round of French presidential elections will be held this Sunday, April 24. As expected, incumbent president Emmanuel Macron and far-right candidate Marine le Pen made it to the second round. Below we present a list of key info ahead of the Sunday’s ballot as well […]

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21
Apr

Lets Talk DAX 30

The German benchmark index is fighting against the medium-term downtrend. D1 chart The DE30 continued its recovery on Thursday, testing the 50-day moving average for the first time in more than two weeks. Yesterday’s breakout above the local highs may have ended the short-term downtrend. However, to improve the medium-term outlook, the index would need […]

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21
Apr

Tesla Shares See Pre-Market Gains

Tesla (TSLA.US) shares are already gaining nearly 8% in pre-market trading after releasing solid financial results for Q1 2022 that exceeded Wall Street expectations. Some investors are hoping that Tesla’s surprisingly strong results could bring a real ‘belated’ spring to the stock market: Revenue was $18.6 billion, compared to $10.39 billion in the same quarter a year […]

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21
Apr

Bullish EUR on ECB Member Remarks

EURUSD has been trading in a downtrend for some time already. Nevertheless, an attempt to launch a recovery move could have been spotted yesterday, triggered by speech by ECB members Kazaks, head of Latvian central bank . He said that ECB asset purchases may be terminated before Q3 2022 – much earlier than it was […]

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