Market Updates at a Glance: 05 April 2022 (Tuesday)🌎
☛U.S Stocks Extended the Gains as Risk Sentiment Continues Its Recovery. Does Inverted Yield Curve Guarantee a Recession?
➤U.S stocks continued higher with Dow +0.3%, S&P 500 +0.81% and Nasdaq +1.90%. Strong Rally in tech stocks, led by Twitter +27% as musk disclosed a 9.2% stake, offset the concerns about 2y10y yield curve inversion.
➤The US dollar index extended the gains for a third straight session to 98.98 while the 10-year Treasury yield was flat at 2.39%.
➤GBP was little changed at 1.3115. EUR dropped below 1.10 on worries of more sanctions against Russia over Ukraine.
➤Gold edged higher to $1932 but trading in a sideways consolidation for the last two weeks with inflation concerns, near to Fibonacci 38.2% level ($1920) in a bigger context.
➤Oil (Brent) rose to $ 107.76 on supply disruption fears & fresh sanctions against Russia.
➤BTC & ETH were little changed on Monday, with BTC trading at 46,575 & ETH 3517
➤USDINR extended its decline for a third straight session to 75.43 amid optimism in the Indian Equity Market.
➤Sri Lankan President Gotabaya Rajapaksa dropped his brother as finance minister and appointed the Former Central Bank of Sri Lanka (CBSL) official as the new governor of Sri Lanka as the deepening economic crisis sparked the protest.
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#marketanalysis #forexanalysis #forexmarket #dxy #gbpusd #gold #oil #crossborderpayments #cryptocurrency #btc #equities #xrp #ripple #treasury
☛U.S Stocks Extended the Gains as Risk Sentiment Continues Its Recovery. Does Inverted Yield Curve Guarantee a Recession?
➤U.S stocks continued higher with Dow +0.3%, S&P 500 +0.81% and Nasdaq +1.90%. Strong Rally in tech stocks, led by Twitter +27% as musk disclosed a 9.2% stake, offset the concerns about 2y10y yield curve inversion.
➤The US dollar index extended the gains for a third straight session to 98.98 while the 10-year Treasury yield was flat at 2.39%.
➤GBP was little changed at 1.3115. EUR dropped below 1.10 on worries of more sanctions against Russia over Ukraine.
➤Gold edged higher to $1932 but trading in a sideways consolidation for the last two weeks with inflation concerns, near to Fibonacci 38.2% level ($1920) in a bigger context.
➤Oil (Brent) rose to $ 107.76 on supply disruption fears & fresh sanctions against Russia.
➤BTC & ETH were little changed on Monday, with BTC trading at 46,575 & ETH 3517
➤USDINR extended its decline for a third straight session to 75.43 amid optimism in the Indian Equity Market.
➤Sri Lankan President Gotabaya Rajapaksa dropped his brother as finance minister and appointed the Former Central Bank of Sri Lanka (CBSL) official as the new governor of Sri Lanka as the deepening economic crisis sparked the protest.
☛Like & follow so you won't miss any market updates ☟
lnkd.in/d38iHCkV
lnkd.in/enTgEqYB
☛Follow my tweets @Szeyee_L to look at charts
#marketanalysis #forexanalysis #forexmarket #dxy #gbpusd #gold #oil #crossborderpayments #cryptocurrency #btc #equities #xrp #ripple #treasury