Market Update – May 1 – Bullish End & Bullish Start?

By Investor Empires On May 1, 2023

The end of April was very bullish with Treasury and Wall Street closing in the green for the month. Earnings news is better than most expected Big techAnd data reflecting a still-resilient economy helped push major indices higher.

today, American dollar To the top, it extends to 101.60. Wall Street is steadier despite the upcoming Fed hike, while all attention is on the First Republic. The Wall Street Journal reported that:Federal regulators were about to take over First Republic Bank (-43.34% Friday) and sell it to a larger lender. c. B. Morgan Chase (JPM), Bank of America (Buck) and PNC Financial Services Group (PNC), Citizens Financial Group (CFG) and US Bancorp (USB) were too It is said Invited to bid”- This would mark the third US bank failure this year. China Manufacturing activity contracted unexpectedly in April.

FX – USD rose to a high level 101.60. US dollar / Japanese yen Continue to expand winnings to 136.98, Amidst uncertainty in the market and regarding the Bank of Japan’s commitment to Uber’s accommodative stance.
Stores – the 500 USD even in +0.13% to 4,193.75, the United States 30 silent to 34209 and US100 +0.27% at 13,356.

Goods – USOil He falls $75.80 After data from China reignited concerns about an uneven recovery in the world’s largest importer of crude.
gold – in 1979 dollars.
Digital currencies – BTC may fall back to $28173 from 30 thousand dollars heights.

The largest forex engine @ (06:30 GMT) Australian dollarsJPY (+0.88%) breathing under 91.00. The moving averages align up, the MACD histogram and the signal line are going upStochastics at 93 and flattened.

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Andrea Pechedy

Market analyst

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