Market Updates at a Glance 26/4/22 (Tuesday)

☛The US Dollar Remains Underpinned by Rising Interest Rate Expectations.

➤U.S stocks ended higher led by the tech shares as Musk Buys Twitter. Twitter releases earnings on Thursday, VIX (fear index) closed at 27. Dow +0.7%, S&P 500 +0.57%& Nasdaq +1.29%.

➤The US dollar index extended the gain to $101.73 (+0.6%) while the 10-year treasury yield retreated to 2.82% from its recent high 2.98%.

➤GBP & EUR fell for the third consecutive session amid the strong greenback, with GBP dipped to 1.2741 (-0.78%) and EUR tumbled to 1.0712 (-0.82%).

➤Oil (Brent) & Gold were lower on Monday, with oil closed slightly above $100 (near the lower trendline of the triangle pattern) as demand concerns on probable new lockdowns in China. While Gold fell below $1900 retreated from its last week's high of $2,000 as market expected a 50 basis point rate hike in the next FoMC meeting in May 2022.

➤BTC rebounded and closed above $40,000, while XRP trading around 0.7000.


☛Like & follow so you won't miss any market updates ☟
https://lnkd.in/d38iHCkV
https://lnkd.in/enTgEqYB

#marketanalysis  #forexanalysis  #forexmarket  #dxy #gold  #oil  #crossborderpayments  #cryptocurrency  #btc  #equities  #xrp  #ripple  #treasury  #tranglo #fintech  #globalpayments  #blockchain  #BridgingBorders