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Market Update – May 4 – Renewed Anxiety

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Asian stocks trading markets are mixed, we Futures contracts are moving up European Futures are in red. A somewhat mixed picture, like the markets absorbs the Fed’s announcement, Taking care of financial conditions. The 25 basis point hike was long priced in, while the shift in the policy statement was also in line with expectations. the feed it Kept all options open for the next meeting and The European Central Bank is likely to do the same After achieving another high today. The increased caution in central banks also reflects the fact that banks’ concerns remain and contribute to a tightening of credit conditions that would amplify the interest rate hike already achieved. Treasury bonds in green.

  • FXUSD remained under pressure and dropped to 100.78 while the yen Continue to excel, with US dollar / Japanese yen in 134.14. EURUSD failed to break 1.11while cable violated 1.2592 high.
  • Stores – the 500 USD Lost -0.70%And the United States 30 down -0.80% And US 100 dropped 0.46%. The CSI300 corrected on its return from the extended holiday, and the ASX closed slightly lower, instead Nikki what’s new 0.1% In conclusion and Hang Seng 0.8% higher per day.

  • Goods – USOil in $63.90 Amid signs of weakening US demand and indications that the US may halt its interest rate increases. lowest in more than 6 weeks due to concerns about the global growth outlook.
  • gold – rose to its highest level in a year $2,079. Currently showing some correction to dollars2033.

The largest forex engine @ (06:30 GMT) Ger40 (-0.87%) to the key support level at 15,760. The moving averages have crossed lower but the MACD histogram and the signal line are close to 0Stochastic is sliding and RSI is at 37. ATR (H1) is at 53.7, ATR (D) is at 160.

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Andrea Pechedy

Market analyst

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Having completed her five-year studies in the UK, Andrea Beschedi obtained a BSc degree in Mathematics and Physics from the University of Bath and a Masters degree in Mathematics, while obtaining a Postgraduate Diploma (PGdip) in Actuarial Science from the University of Bath. University of Leicester.


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