Morning Brew April 28 2022
Erik Schafhauser
Senior Relationship Manager
Good Morning,
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
Trade safely.