Market Updates at a Glance 21/4/22 (Thursday)🌎
➤U.S. stocks closed mixed weighed by weakness in tech names and investors continued to digest the earnings report. Dow +0.71%, S&P 500 -0.06% & Nasdaq -1.22%.
Netflix tumbled almost 40% after a massive subscriber loss.
➤The US dollar index retreated to 100.34 after hitting as high as 101.03 in the intraday session. While the treasury yields also eased across the curve. The 10-year treasury yield pulled back from its intraday high of 2.982% to 2.839%.
USDJPY receded from its recent high 129.42 with falling treasury yields.
➤GBP & EUR rebounded as USD weakened. GBP rose 0.54% to 1.3068, while EUR closed with again of 0.57% to 1.0853.
➤Gold remains extremely resilient in view of the hawkish policy shift and trading sideways for almost two months. Wednesday's session edged slightly higher to $1957 with falling treasury yields.
➤Oil (Brent) was little changed on Wednesday at $107.26 and seems like consolidating in a triangle pattern.
➤BTC seems like trading inside an upward channel, yesterday's candle was flat at $41,380 while XRP edged lower to $0.7526 (-3%).
➤USDPKR (Pakistan) Wednesday's local market opened gap-up, with 1% higher compared to the prior day and finished higher. The country's foreign reserves were slashed down by almost $5 billion in less than a month to $11.3 billion on 1April22.
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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
➤U.S. stocks closed mixed weighed by weakness in tech names and investors continued to digest the earnings report. Dow +0.71%, S&P 500 -0.06% & Nasdaq -1.22%.
Netflix tumbled almost 40% after a massive subscriber loss.
➤The US dollar index retreated to 100.34 after hitting as high as 101.03 in the intraday session. While the treasury yields also eased across the curve. The 10-year treasury yield pulled back from its intraday high of 2.982% to 2.839%.
USDJPY receded from its recent high 129.42 with falling treasury yields.
➤GBP & EUR rebounded as USD weakened. GBP rose 0.54% to 1.3068, while EUR closed with again of 0.57% to 1.0853.
➤Gold remains extremely resilient in view of the hawkish policy shift and trading sideways for almost two months. Wednesday's session edged slightly higher to $1957 with falling treasury yields.
➤Oil (Brent) was little changed on Wednesday at $107.26 and seems like consolidating in a triangle pattern.
➤BTC seems like trading inside an upward channel, yesterday's candle was flat at $41,380 while XRP edged lower to $0.7526 (-3%).
➤USDPKR (Pakistan) Wednesday's local market opened gap-up, with 1% higher compared to the prior day and finished higher. The country's foreign reserves were slashed down by almost $5 billion in less than a month to $11.3 billion on 1April22.
☛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