Morning Brew April 28 2022
Senior Relationship Manager
The USD is hitting 5 year highs with very little between key supports and parity is in scope it seems. The USD Index rose to 103.44, the 2016 which is not far away at 103.98. EURUSD is at 1.0515, GBPUSD at 1.2520 and USDJPY above 130 – helped by a dovish BOJ.
Gold and Silver fall to 1874 and 23.02, a close above 1880 would be important for Gold to remain above support. Bitcoin remains little changed at 39400.
US Stocks closed basically unchanged yesterday and gain app 0,8% over night,
Russian President Putin warned of retaliation if countries interfere in Ukraine
Bill Hwang has been arrested for Wire Fraud.
Meta rose 20% after the close on better than hoped earnings and user data and the stocks rose to 207 after market, Volvo and Barclays beat expectations, this morning. Unilever reported a 7.3% increase in first-quarter underlying sales.
Economic Data today: Sweden reports Retail sales and the rate decision at 9 and 9:30, the EU Sentiment at 11, German CPI at 14:00 and US GDP advance and Core PCE at 14:30. Earnings will be released by Twitter, Apple, Caterpillar Nokia, Intel. Amazon, Mastercard, Roku, McDonalds Gilead and others so it will be a key day.
It could be a decisive day in the markets
Quarterly Outlook Q2 2022
Quarterly Outlook Q2 2022: The End Game has arrived
- Shocks from covid and the war in Ukraine have forced the global financial and political world to change, but what will the end game be?
Productivity and innovation have never been more importantAs the world economy hits physical limits and central banks tighten their belts, could equities be facing a 10-15% downside?
The great EUR recovery and the difficulty of trading itIf the terrible fog of war hopefully lifts soon, the conditions are promising for the euro to reprice significantly higher.
Tight commodity markets – turbocharged by war and sanctionsWith supply already tight, commodities keep powering on. But will it last for yet another quarter?
Between a rock and a hard placeGeopolitical concerns will add upward price pressures and fears of slower growth, while volatility will remain elevated.
The Great ErosionInflation is everywhere and central banks try to combat it. But will they get it under control in time?
Australian investing: Six considerations amid triple Rs: rising rates, record inflation and likely recessionWhile global financial markets are struggling in an uncertain world, the commodity-heavy Australian ASX index is poised to keep a positive momentum.
Cybersecurity – the rush to catch up with realityWith the invasion of Ukraine, governments and private companies are rushing to reinforce their cyber defenses.