28 April 2022 – Daily FX Update

Overview

European data is weaker again

Gold dipped below $1,900

Markets await Fed’s meeting

FOREX

U.S. Dollar

The dollar hit a five-year high yesterday as market participants await the Federal Reserve next week which is expected to hike rates. Meanwhile, the euro weakened on growth concerns after Russia cut off gas supplies to parts of the region.

The Fed is expected to increase rates by 50 basis points at its May 3-4 meeting and in June and July. Additionally, the greenback has also benefited from global growth concerns as Europe struggles with the fallout from Russia’s invasion of Ukraine and China enacts lockdowns in a bid to stem the spread of COVID-19.

Euro (EURUSD)

The euro fell 0.83% to $1.0549 reaching its weakest since March 2017. The common currency has fallen 4.7% so far in April and is set for its worst monthly loss in more than seven years.

Furthermore, on Wednesday, Germany’s economy ministry cut its economic growth forecast for 2022 to 2.2% from its late January prediction of 3.6% growth this year. Also, French consumer confidence fell more than expected in April.

Japanese Yen (USDJPY)

The stronger dollar also blunted an attempted bounce for the yen, which had seen some support from safety flows and positioning for the risk of a policy shift.

The yen last traded at 128.09 per dollar, after hitting a 20-year low of 129.4 last week. Investors anticipate if the Bank of Japan will make any changes to its yield curve control policy to stem yen weakness when it concludes its two-day meeting on Thursday.

Australian Dollar (AUDUSD)

The Australian dollar touched its lowest level since February but caught some wind after Australian consumer prices surged at their fastest annual pace in two decades, spurring speculation that interest rates could be lifted from record lows as soon as next week. The Aussie was up 0.08% at $0.7131.

Indices

U. S. Indices

U.S. stocks rebounded on Wednesday as a strong earnings report from Microsoft late Tuesday helped stop the rout in technology stocks.

The Dow Jones Industrial Average rose 0.6%, while the S&P 500 was up 0.7% and the NASDAQ Composite was up 0.7%.

Tech stocks tumbled 4% on Tuesday as fears of a global economic slowdown gripped the market, dragging the Nasdaq to its lowest level since 2020.

Asian Indices

Asia Pacific stocks were mostly up during the early trades as China pledged further economic support. Hong Kong’s Hang Seng Index gained 0.51% while China’s Shanghai Composite was up 0.49%.

Chinese stocks traded in the U.S. also rose to their highest level since early April 2022, after China’s State Council pledged at its latest meeting to stabilize employment.

Japan’s Nikkei 225 gained 0.62% with industrial production increasing 0.3% month-on-month and retail sales rising 0.9% year-on-year in March 2022. The S&P/ASX 200 rose 0.92%, as Australia released retail sales figures earlier in the day.

Metals

Gold futures gained 0.56% to $1,878.10 after hitting their lowest price in two months.  Gold has been holding very well above $1,900 but falls under pressure from the expectations of the U.S. Federal Reserve to raise interest rates by 50 basis points in the following week.

According to the World Gold Council, Global demand for gold surged in the first quarter of 2022 to the highest in over three years, driven by investors worried about the war in Ukraine and inflationary pressures.

Similarly, silver inched down 0.1% and platinum eased 0.4% to $914.17, while palladium jumped 1.2%.

Crude Oil

Oil prices rose for the second day in a row on Wednesday after data showed weekly consumption of fuels in the United States offset builds in crude.

A soaring dollar capped the market’s gains. China’s grappling with new coronavirus cases also clouded the economic outlook for the world’s biggest importer of crude oil. Brent crude settled up 0.3%, at $105.32 a barrel.

Meanwhile, West Texas Intermediate (WTI) settled up 0.3% at $102.02 per barrel and WTI rose 3.2% on Tuesday, after a 2% slide in the previous session took the U.S. crude benchmark to a two-week low of $95.28.

shmarkets

Share
Published by
shmarkets

Recent Posts

9月闭市通知

尊敬的客户: 您好,受即将到来9月份假期影响,STARTRADER的交易时间将有所调整。 请参考下表了解涉及调整的产品情况: 日期 2024年9月18日 2024年9月19日 2024年9月20日 2024年9月24日 假期 中秋节 军人节 智利国庆日 南非遗产日 HKG33香港恒生指数 闭市…

7 days ago

9月期货展期通知

尊敬的客户: 您好,我司期货产品九月份的展期将至,因新旧期货合约之间存在价格差异,为规避潜在的交易风险,建议客户妥善控制仓位。 期货合约的展期时间如下: 产品代号 产品名称 展期日 JPN225ft Japan 225 Index Future日经指数(期货) 2024-09-11 VIX Volatility恐慌指数期货 2024-09-12…

1 week ago

STARTRADER星迈“EVOTRADE深入了解Expert Advisor (EA) 自动交易系统”主题研讨会

泰国时间2024年8月31日,STARTRADER星迈与EVOTRADE fx创始人Pui教练携手,于泰国南部宋卡府合艾成功举办了一场投资研讨会。该研讨会旨在分享有关自动交易系统(特别是专家顾问 (EA))的相关知识,以帮助参与者了解如何有效地使用这些系统进行金融市场投资。此次活动还为与会者提供了与行业专家直接交流的机会,加深了与会者对使用自动交易系统进行投资的了解并增强了投资信心。 EVOTRADE fx创始人、于投资市场拥有超过10年经验的资深交易员Pui教练为与会者倾情分享,提供了向深耕投资行业多年的专家学习的难得机会。Pui教练以专注和平易近人的态度分享了他丰富的知识和经验,分享了他如何通过使用专家顾问 (EA) 等自动交易系统来提升投资效率的经验。此外,他还促进了不同观点和技巧的交流,这对与会者们提升投资技能大有裨益。 研讨会气氛融洽,知识与乐趣并存。问答环节气氛活跃,参与者有机会与演讲者近距离交流知识和经验。此外,STATRADER星迈还为与会者准备了丰厚的奖品,确保每位参与者都满载而归。确保每位投资者都收货了满满的知识和欢乐。本次研讨会不仅提供了学习投资和使用智能交易系统(如 EA)的机会,也搭建起了供兴趣和投资目标相同的投资者相互联系和交流想法的绝佳平台。有助于与会者拓宽新视野并增强投资信心。 本次STARTRADER星迈专题研讨会为参与者提供了一个学习和有效提升投资技能的绝佳机会。品牌致力于为所有与会者传递宝贵的经验并输入有用的知识,以增强投资信心和提升获利能力。STARTRADER星迈相信从本次研讨会中获得的知识和经验将对与会者的发展大有裨益,并将于未来有效提升与会者的投资能力。 关于STARTRADER星迈 STARTRADER星迈作为业内领先的国际化经纪商,为广大投资者提供广泛的CFDs交易服务,包括外汇、股票、贵金属、指数和大宗商品。品牌致力于保护客户资金并基于雄厚资本创造灵活、高效的交易环境和迅捷的执行速度。 多年砥砺,STARTRADER星迈已然获得了荣获多项行业大奖,如在埃及博览会获评‘最佳外汇/加密货币技术与流动性提供商、越南博览会上的2022最佳黄金交易经纪商以及成长最快经纪商和最佳联盟营销合作伙伴计划经纪商。这些荣誉印证了品牌已取得全球客户的信任和认可。 STARTRADER星迈对追求卓越的承诺使得品牌成为2023年中东金融市场100强经纪商之一,彰显了品牌在全球金融行业中建立的成功和信誉。

2 weeks ago

「大学时代应该如何投资」学术研讨会登陆梅州大学,教练Max及Pokpak倾情分享

泰国时间2024年8月24日,STARTRADER星迈携手Fatucenterz Investment Learning Institute创始人Max和教练Pokpak Thanakrit,于梅州大学(Maejo University)成功举办学术研讨会。该研讨会的重点在于建立坚实的基础和对投资策略及相关风险的理解,旨在帮助学生们了解大学期间如何投资的基本知识。 研讨会上,Max教练和Pokpak教练分享了他们在投资行业中的丰富经验,并为大学生们提供了适合的投资策略建议。两位专家都强调了了解每种投资相关风险的重要性,以及制定明确的财务规划和明确目标的必要性。 研讨会的氛围生动有趣,教练们鼓励开放型对话,让参与者能够自由交流想法并直接提问,营造了一个温馨且包容的环境。这种方式帮助每个人获得了宝贵的知识和新的投资视角。此外,教练们还提供了可以在现实生活中应用的实用技巧和策略。 STARTRADER星迈很荣幸能够在促进学生金融素养和技能发展方面发挥作用,帮助学生们为稳定的财务未来做好准备。品牌诚挚希望通过这次研讨会获得的知识能够成为学生们今后做出明智的投资决策和财务规划的重要基础。 关于STARTRADER星迈 STARTRADER星迈作为业内领先的国际化经纪商,为广大投资者提供广泛的CFDs交易服务,包括外汇、股票、贵金属、指数和大宗商品。品牌致力于保护客户资金并基于雄厚资本创造灵活、高效的交易环境和迅捷的执行速度。 多年砥砺,STARTRADER星迈已然获得了众多享有盛誉的奖项,包括埃及博览会上的最佳外汇/加密货币技术&流动性提供、越南博览会上的2022最佳黄金交易经纪商以及成长最快经纪商和最佳联盟营销合作伙伴计划经纪商。这些荣誉印证了品牌已取得全球客户的信任和认可。 STARTRADER星迈对追求卓越的承诺使得品牌成为2023年中东金融市场100强经纪商之一,彰显了品牌在全球金融行业中建立的成功和信誉。

2 weeks ago

STARTRADER星迈携手朱拉隆功大学支持泰国北部洪灾救援工作

“因为帮助不能等” STARTRADER星迈积极响应泰国北部人民应对洪灾带来的挑战。泰国团队表示:“我们很荣幸能够通过提供基本物资来减轻同胞们在这个艰难时刻所面临的困境。”捐赠活动于2024年8月28日星期三在朱拉隆功大学Chamchuri 1号楼举行。 此次洪灾严重影响了泰国北部的诸多社区,许多人的日常生活陷入困境。作为一个致力于承担社会责任的品牌,STARTRADER星迈迅速采取行动提供帮助。品牌准备了非易腐食品、饮用水和其他必需品等,帮助减轻了受影响者的痛苦。品牌的目标是在这个充满挑战的时期,为有需要的人提供必要的帮助和鼓励。 STARTRADER星迈坚信在危机时期提供援助至关重要。这一捐赠活动不仅仅是向受毁灭性洪水影响的北部社区提供援助和支持,更践行了品牌致力于在更广泛的救援努力中发挥积极作用的承诺。品牌目标在于确保受到洪灾影响的人们能够获得必要的支持以重建他们的生活,并以新的力量和乐观态度迎接未来。 本次捐赠活动标志着STARTRADER星迈持续致力于支持有需要人群的开始。品牌将继续密切关注事态发展,并随时准备以任何可能的方式提供进一步的援助,以确保受灾者都能够克服危机,更好的生活下去。 STARTRADER星迈致力于在和平与危机时期,为创建一个坚韧且繁荣的社会做出贡献。品牌坚信,通过携手合作和相互支持,必将能够推动积极的变革,为社区创造出更加光明的未来。 “携手助推泰国光明未来” 最后,STARTRADER星迈重申将与泰国人民并肩同行的承诺。品牌相信,通过合作与相互支持,必将能够克服挑战,为泰国更加光明的未来贡献力量。

2 weeks ago

9月闭市通知

尊敬的客户: 您好,受即将到来9月份假期影响,STARTRADER的交易时间将有所调整。 请参考下表了解涉及调整的产品情况: 日期 2024年9月6日 2024年9月9日 假期 泛欧交易所系统迁移 泛欧交易所系统迁移 FRA40法国 CAC40 指数 闭市 19:30 开市…

2 weeks ago