Market Updates at a Glance 27/4/22 (Wednesday)
☛Recession Fears Knock Risk Sentiment. USD Continues to Underpin by Haven Demand.

➤U.S stocks continued the downward trend after Monday's rally, led by consumer & tech groups amid ongoing investor fears that the U.S. economy is headed for a hard landing due to Hawkish Fed Stance.
Dow -2.38%, S&P -2.81% & Nasdaq -3.95%

➤The US dollar index extended the gain to $102.29 (+0.56%), hit another fresh yearly high due to haven demand while the 10-year treasury yield fell to 2.74%.

➤GBP & EUR continues to weaken against amid the persistently strong greenback & souring global investor sentiment with GBP 1.2576 (-1.32%) & EUR 1.0635 (-0.72%) .

➤Oil (Brent) rebounded at the lower trendline of the triangle pattern to $ 105.39 (+2.85%). While Gold edged slightly higher to $1905, but still below the 50-day Moving average & Fibonacci 38.2% level ($1920).

➤BTC & XRP were dipped amid the risk-off mood. BTC rejected the $40,000 and closed at $38.127 (-5.59%), while XRP fell to $0.6430 (-7.35%).


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