Register for MT4 Demo Account

Register for xStation Account

Fed Monetary Tightening Chances Lowered Down Market Sentiments

By Research Team Tuesday, Apr 26, 2022
EUR/USD

    • 2.08pmW1
    • High1.07387
    • Low1.0673
    • Close1.0695

EUR/USD is trading at 1.07312, 0.27% down since previous day close. The currencies seem to be trading weaker against the strong USD as traders expect aggressive monetary tightening decision in next meeting. Moreover, the worsening Covid-19 situation in China boosts up the USD & suppresses other counterpart. The victory of Macron as a French President for the second time slightly cushioned the EURO. The Belgian NBB Business Climate grew to 2.4 from 0.4 in the previous month. The result of GDP & CPI data will remain in focus for the week. As seen in the chart, the pair EUR/USD is trading near previous lows which acts as a major support level & hence, make or break situation can be seen further. Slight selling bias may be maintained for the day.

Read More… Read Less

Daily Outlook

EUR/USD

Intra Day
Near Day

Technical Levels

R3 1.09707
R2 1.08555
R1 1.07839
Turnaround 1.07403
S1 1.06687
S2 1.06251
S3 1.05099
By Research Team Tuesday, Apr 26, 2022
GOLD

    • 2.45pmW1
    • High1907.47
    • Low1895.7
    • Close1903.43

Gold is trading at $1902.32, 0.12% up since previous day close. The profit booking can be seen in Gold prices after sliding down below $1900 level in the previous session. The strong USD amid multiple factors like FOMC monetary tightening stance, lowering Oil prices, worsening Covid-19 situation in China & ongoing Russia-Ukraine conflicts led commodities to trade on lower side. Majorly, the lockdown in few of Chinese cities reduced the consumption demand of metals & hence, Gold prices weakened; for China is a top consumer of metals. The result of U.S Consumer Confidence data will remain in focus for the day. Slight selling may be recommended in Gold on daily basis.

Read More… Read Less

Daily Outlook

GOLD

Intra Day
Near Day

Technical Levels

R3 1989.76000
R2 1948.33000
R1 1924.12000
Turnaround 1907.90000
S1 1883.19000
S2 1866.97000
S3 1826.04000
By Research Team Tuesday, Apr 26, 2022
US30

    • 2.25pmW1
    • High34038
    • Low33784
    • Close33852

US30 is trading at 34793, 0.08% up since previous day close. The slight upside can be seen in U.S markets; paring up losses seen earlier in a session. The US30 seem to be trading on lower side after FOMC Chair Jerome Powell showed aggressive stance over rate hike in the near future. Globally, ongoing negotiations between Russia & Ukraine & worsening Covid-19 situation in China will remain vital for indices. The result of Core Durable Goods Orders & Consumer Confidence data will be closely watched today. As seen in the chart, the US30 reversed upside after forming double bottom which acts as a major support level. Also, the US30 crosses MA (10) & MA (20) which signals for buying bias on lower levels on an intraday basis.

Read More… Read Less

Daily Outlook

US30

Intra Day
Near Day

Technical Levels

R3 35306.00000
R2 34518.00000
R1 34228.00000
Turnaround 33730.00000
S1 33440.00000
S2 32942.00000
S3 32154.00000
footer-logo

XFlow Markets provides an entirely transparent access to the FOREX Market through two powerful trading platforms (XFLOW & MT4) with excellent execution speed, a 24/5 client support system with no dealing desk involvement.

© 2022 XFlow Markets LLC, All rights reserved.

Risk Warning: Leveraged trading in foreign currency contracts or other off-exchange products on margin carries a high level of risk and may not be suitable for everyone. We advise you to carefully consider whether trading is appropriate for you in light of your personal circumstances.

You may lose more than you invest. Information on this website is general in nature. We recommend that you seek independent financial advice and ensure you fully understand the risks involved before trading. Trading through an online platform carries additional risks.

XFlow Markets does not offer Contracts for Difference to residents of certain jurisdictions including the Belgium, Iran, Canada, North Korea, the USA, Cuba, Syria and FATF Black Listed Countries.

  • triangle.png
  • Regulated by FSA

    The interests of XFlow Markets clients are protected by the Financial Commission’s Compensation Fund for up to USD 150,000 per claim.

XFlow Markets is incorporated in Saint Vincent and the Grenadines with registration no. 255 LLC governed by the Limited Liability Companies Act Chapter 151, registered by the Financial Service Authority of Saint Vincent and the Grenadines.

XFlow Markets is not required to hold any financial services license or authorization in Saint Vincent and the Grenadines to offer its products and services.

Telephone number: +44 20 4571 0278 Working hours: 7:00 AM - 5:00 PM (GMT+0)