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
Latest Market Insights
Quarterly Outlook Q3 2022: The Runaway Train
- Central banks' attempts to kill inflation is a paradigm shift, which could end in a deep recession.
Tangible assets and profitable growth are the winnersWith US equities officially in a bear market, the big question is where and when is the bottom in the current drawdown?
Understanding the lack of investment appetite among oil majorsThe everything rally seen in recent quarters has become more uneven, as its strength is driven by commodities in short supply.
The pressure is on as the wind leaves the sailsWith cryptocurrencies in sharp decline, are we entering a crypto winter or is the bear market a healthy clean-up of the crypto space?
Why the Fed can never catch up and what turns the US dollar lower?Many other central banks are set to eventually outpace the Fed in hiking rates, taking their real interest rates to levels higher than the Fed will achieve.
Bank of Japan: Swimming against the tideThe Japanese economy has gone from the age of deflation to rapidly rising prices in no time, leaving the Bank of Japan in a pickle.
Green transformation detour and bear market hibernationWith the impending risk of global econonomic derailment, we share the five things investors need to consider in this new half year.
Crisis redux for the eurozone?Whether there's going to be a recession in Europe or not, the path towards a stable economy will be agonizing.
Technical Outlook: Gold, Oil and a remarkable multi-decade perspective on EquitiesThe Nasdaq bubble pattern, USDJPY resistance, crude oil uptrend losing steam and the technical outlook for USD.
China: the train of new development paradigm left the station two years agoChina is transiting to a new development paradigm, as they are hit by deteriorating terms of trade, a slower global economy and an uncertain future while continuing attempts to contain the pandemic.