{"id":26833,"date":"2022-04-29T13:36:25","date_gmt":"2022-04-29T12:36:25","guid":{"rendered":"https:\/\/youtrading.com\/en\/?p=26833"},"modified":"2022-04-29T13:43:08","modified_gmt":"2022-04-29T12:43:08","slug":"midday-brief-markets-took-a-breath-as-the-dollar-retreated-from-a-3-year-high","status":"publish","type":"post","link":"https:\/\/youtrading.com\/en\/midday-brief-markets-took-a-breath-as-the-dollar-retreated-from-a-3-year-high\/","title":{"rendered":"Midday Brief- Markets took a breath as the Dollar retreated from a 3-year high"},"content":{"rendered":"\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t
\n\t\t\t\t

Markets experienced a risk-on mood early Friday as investors digested the corporate earnings and looming growth concerns. Apple<\/a> warns of an $8 billion hit due to the Chinese lockdowns. The US economy posted a surprise contraction as US Q1 GDP data missed expectations on Thursday.<\/p>

It leaves room for surprises at the next Fed policy meeting where investors have been pricing a 50bps rate hike. Investors focus on the US economic data and Personal Consumer Expenditure for March.<\/p>

USDCAD<\/a> dropped -0.50% in the early European session as the Canadian Dollar got boosted by rising commodity prices. There was a general weakness in the US Dollar as bulls lost steam ahead of the 1.29000 near-term psychological barrier.<\/p>

However, a break above the 1.29000 area may reinforce the bullish outlook of the pair in the near term as traders focus on the Fed policy meeting next Wednesday. There will be a release of Big oil earnings and Canadian GDP data and Budget Balance.<\/p>

AUDUSD<\/a> rallied by +0.90% as optimism of a hawkish RBA strengthens after positive PPI data for Q1 early Friday morning. Investors are pricing in a 15bps as close as the next meeting on May 3, building a hawkish RBA outlook.<\/p>

A break above the 0.72000 barrier may renew bullish interest in the near term. However, failure to challenge the near-term barrier may cause selling pressure underpinning the bearish outlook towards the 0.7000, 2022 lows. Traders focus on US consumer spending and PMI data.<\/p>

The EURCHF<\/a> rose by +0.40% early European session as the Euro-area inflation rate rose to 7.5% matching estimates. The Euro got boosted by the positive German GDP data and positive CPI data reinforcing a hawkish ECB outlook.<\/p>

The bulls defended the 1.0260 near-term support and upside gains are capped by the 1.03500 resistance. A break above that area may see a higher target on March 17 high at 1.04000.<\/p>

European stocks were mixed in the early European session as investors digest Beijing\u2019s news of relenting from the tech companies\u2019 crackdown. CAC40<\/a> was up +0.39% although bulls remained capped by a near-term resistance at 6600.00.<\/p>

The DAX<\/a> extended gains by +0.98% towards a 14136.94 near-term high. A breach of that area will open the potential for further upside to 14600.00, the April high. FTSE<\/a> was down -0.25% as 7575 near-term resistance held.<\/p>

US equities futures opened lower as corporate earnings sent uncertainty signals. S&P futures<\/a> were down -0.48% as the rally stalled at 4300 near-term resistance. Nasdaq futures<\/a> trimmed gains by -0.37% pre-market as upside gains remain capped by 13500 near-term resistance. Dow Jones Industrial Index<\/a> dropped -0.36% from 34000 psychological resistance.<\/p>

USWTI crude oil<\/a> rallied by +1.07% early Friday to $106\/ barrel. Brent<\/a> was up +1.85% to 108.60 as demand for oil resumed.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

Markets experienced a risk-on mood early Friday as investors digested the corporate earnings and looming growth concerns. Apple warns of an $8 billion hit due to the Chinese lockdowns. The US economy posted a surprise contraction as US Q1 GDP data missed expectations on Thursday. It leaves room for surprises at the next Fed policy […]<\/p>\n","protected":false},"author":4,"featured_media":26835,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[2],"tags":[63,99,154,95,42,639,591],"yoast_head":"\nMidday Brief- Markets took a breath as the Dollar retreated from a 3-year high - Youtrading UK<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/youtrading.com\/en\/midday-brief-markets-took-a-breath-as-the-dollar-retreated-from-a-3-year-high\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Midday Brief- Markets took a breath as the Dollar retreated from a 3-year high Midday Brief- Markets took a breath as the Dollar retreated from a 3-year high\" \/>\n<meta property=\"og:description\" content=\"Markets experienced a risk-on mood early Friday as investors digested the corporate earnings and looming growth concerns. Apple warns of an $8 billion hit due to the Chinese lockdowns. The US economy posted a surprise contraction as US Q1 GDP data missed expectations on Thursday.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/youtrading.com\/en\/midday-brief-markets-took-a-breath-as-the-dollar-retreated-from-a-3-year-high\/\" \/>\n<meta property=\"og:site_name\" content=\"Youtrading UK\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/YouTradingEnglish\/\" \/>\n<meta property=\"article:published_time\" content=\"2022-04-29T12:36:25+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-04-29T12:43:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2022\/04\/GettyImages-1216035006.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"509\" \/>\n\t<meta property=\"og:image:height\" content=\"314\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Nathan Batchelor\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Midday Brief- Markets took a breath as the Dollar retreated from a 3-year high Midday Brief- Markets took a breath as the Dollar retreated from a 3-year high\" \/>\n<meta name=\"twitter:description\" content=\"Markets experienced a risk-on mood early Friday as investors digested the corporate earnings and looming growth concerns. Apple warns of an $8 billion hit due to the Chinese lockdowns. The US economy posted a surprise contraction as US Q1 GDP data missed expectations on Thursday.\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Nathan Batchelor\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/youtrading.com\/en\/midday-brief-markets-took-a-breath-as-the-dollar-retreated-from-a-3-year-high\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/youtrading.com\/en\/midday-brief-markets-took-a-breath-as-the-dollar-retreated-from-a-3-year-high\/\"},\"author\":{\"name\":\"Nathan Batchelor\",\"@id\":\"https:\/\/youtrading.com\/en\/#\/schema\/person\/88ce8e6688d6c690a83e6cbeee2eccab\"},\"headline\":\"Midday Brief- Markets took a breath as the Dollar retreated from a 3-year high\",\"datePublished\":\"2022-04-29T12:36:25+00:00\",\"dateModified\":\"2022-04-29T12:43:08+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/youtrading.com\/en\/midday-brief-markets-took-a-breath-as-the-dollar-retreated-from-a-3-year-high\/\"},\"wordCount\":447,\"publisher\":{\"@id\":\"https:\/\/youtrading.com\/en\/#organization\"},\"keywords\":[\"Apple\",\"China\",\"DXY\",\"Euro\",\"Fed\",\"OIL\",\"SPX\"],\"articleSection\":[\"Markets\"],\"inLanguage\":\"en-GB\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/youtrading.com\/en\/midday-brief-markets-took-a-breath-as-the-dollar-retreated-from-a-3-year-high\/\",\"url\":\"https:\/\/youtrading.com\/en\/midday-brief-markets-took-a-breath-as-the-dollar-retreated-from-a-3-year-high\/\",\"name\":\"Midday Brief- Markets took a breath as the Dollar retreated from a 3-year high - Youtrading UK\",\"isPartOf\":{\"@id\":\"https:\/\/youtrading.com\/en\/#website\"},\"datePublished\":\"2022-04-29T12:36:25+00:00\",\"dateModified\":\"2022-04-29T12:43:08+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/youtrading.com\/en\/midday-brief-markets-took-a-breath-as-the-dollar-retreated-from-a-3-year-high\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/youtrading.com\/en\/midday-brief-markets-took-a-breath-as-the-dollar-retreated-from-a-3-year-high\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/youtrading.com\/en\/midday-brief-markets-took-a-breath-as-the-dollar-retreated-from-a-3-year-high\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/youtrading.com\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Midday Brief- Markets took a breath as the Dollar retreated from a 3-year high\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/youtrading.com\/en\/#website\",\"url\":\"https:\/\/youtrading.com\/en\/\",\"name\":\"Youtrading UK\",\"description\":\"Leaders in Trader Training\",\"publisher\":{\"@id\":\"https:\/\/youtrading.com\/en\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/youtrading.com\/en\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/youtrading.com\/en\/#organization\",\"name\":\"YouTrading\",\"url\":\"https:\/\/youtrading.com\/en\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/youtrading.com\/en\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2020\/12\/Logo-Youtrading-2020_preto.svg\",\"contentUrl\":\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2020\/12\/Logo-Youtrading-2020_preto.svg\",\"width\":2531,\"height\":570,\"caption\":\"YouTrading\"},\"image\":{\"@id\":\"https:\/\/youtrading.com\/en\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/YouTradingEnglish\/\",\"https:\/\/www.instagram.com\/youtrading_english\/\",\"https:\/\/www.youtube.com\/channel\/UCc22BNolZpSd33lXc8utUvg\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/youtrading.com\/en\/#\/schema\/person\/88ce8e6688d6c690a83e6cbeee2eccab\",\"name\":\"Nathan Batchelor\",\"description\":\"Nathan Bathelor brings a professional trading background and highly renowned technical analysis with 15 years of experience. He holds a degree in Business and Finance and has an extensive background providing research for prop houses, and fund managers. Nathan previously traded for Drashta Capital, a boutique Hedge Fund based in London and Sydney, and has worked as a FX Market Analyst for a number of leading brokerages in the United Kingdom.\",\"url\":\"https:\/\/youtrading.com\/en\/author\/nathanbatchelor\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Midday Brief- Markets took a breath as the Dollar retreated from a 3-year high - Youtrading UK","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/youtrading.com\/en\/midday-brief-markets-took-a-breath-as-the-dollar-retreated-from-a-3-year-high\/","og_locale":"en_GB","og_type":"article","og_title":"Midday Brief- Markets took a breath as the Dollar retreated from a 3-year high Midday Brief- Markets took a breath as the Dollar retreated from a 3-year high","og_description":"Markets experienced a risk-on mood early Friday as investors digested the corporate earnings and looming growth concerns. Apple warns of an $8 billion hit due to the Chinese lockdowns. The US economy posted a surprise contraction as US Q1 GDP data missed expectations on Thursday.","og_url":"https:\/\/youtrading.com\/en\/midday-brief-markets-took-a-breath-as-the-dollar-retreated-from-a-3-year-high\/","og_site_name":"Youtrading UK","article_publisher":"https:\/\/www.facebook.com\/YouTradingEnglish\/","article_published_time":"2022-04-29T12:36:25+00:00","article_modified_time":"2022-04-29T12:43:08+00:00","og_image":[{"width":509,"height":314,"url":"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2022\/04\/GettyImages-1216035006.jpg","type":"image\/jpeg"}],"author":"Nathan Batchelor","twitter_card":"summary_large_image","twitter_title":"Midday Brief- Markets took a breath as the Dollar retreated from a 3-year high Midday Brief- Markets took a breath as the Dollar retreated from a 3-year high","twitter_description":"Markets experienced a risk-on mood early Friday as investors digested the corporate earnings and looming growth concerns. Apple warns of an $8 billion hit due to the Chinese lockdowns. The US economy posted a surprise contraction as US Q1 GDP data missed expectations on Thursday.","twitter_misc":{"Written by":"Nathan Batchelor","Estimated reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/youtrading.com\/en\/midday-brief-markets-took-a-breath-as-the-dollar-retreated-from-a-3-year-high\/#article","isPartOf":{"@id":"https:\/\/youtrading.com\/en\/midday-brief-markets-took-a-breath-as-the-dollar-retreated-from-a-3-year-high\/"},"author":{"name":"Nathan Batchelor","@id":"https:\/\/youtrading.com\/en\/#\/schema\/person\/88ce8e6688d6c690a83e6cbeee2eccab"},"headline":"Midday Brief- Markets took a breath as the Dollar retreated from a 3-year high","datePublished":"2022-04-29T12:36:25+00:00","dateModified":"2022-04-29T12:43:08+00:00","mainEntityOfPage":{"@id":"https:\/\/youtrading.com\/en\/midday-brief-markets-took-a-breath-as-the-dollar-retreated-from-a-3-year-high\/"},"wordCount":447,"publisher":{"@id":"https:\/\/youtrading.com\/en\/#organization"},"keywords":["Apple","China","DXY","Euro","Fed","OIL","SPX"],"articleSection":["Markets"],"inLanguage":"en-GB"},{"@type":"WebPage","@id":"https:\/\/youtrading.com\/en\/midday-brief-markets-took-a-breath-as-the-dollar-retreated-from-a-3-year-high\/","url":"https:\/\/youtrading.com\/en\/midday-brief-markets-took-a-breath-as-the-dollar-retreated-from-a-3-year-high\/","name":"Midday Brief- Markets took a breath as the Dollar retreated from a 3-year high - Youtrading UK","isPartOf":{"@id":"https:\/\/youtrading.com\/en\/#website"},"datePublished":"2022-04-29T12:36:25+00:00","dateModified":"2022-04-29T12:43:08+00:00","breadcrumb":{"@id":"https:\/\/youtrading.com\/en\/midday-brief-markets-took-a-breath-as-the-dollar-retreated-from-a-3-year-high\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/youtrading.com\/en\/midday-brief-markets-took-a-breath-as-the-dollar-retreated-from-a-3-year-high\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/youtrading.com\/en\/midday-brief-markets-took-a-breath-as-the-dollar-retreated-from-a-3-year-high\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/youtrading.com\/en\/"},{"@type":"ListItem","position":2,"name":"Midday Brief- Markets took a breath as the Dollar retreated from a 3-year high"}]},{"@type":"WebSite","@id":"https:\/\/youtrading.com\/en\/#website","url":"https:\/\/youtrading.com\/en\/","name":"Youtrading UK","description":"Leaders in Trader Training","publisher":{"@id":"https:\/\/youtrading.com\/en\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/youtrading.com\/en\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-GB"},{"@type":"Organization","@id":"https:\/\/youtrading.com\/en\/#organization","name":"YouTrading","url":"https:\/\/youtrading.com\/en\/","logo":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/youtrading.com\/en\/#\/schema\/logo\/image\/","url":"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2020\/12\/Logo-Youtrading-2020_preto.svg","contentUrl":"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2020\/12\/Logo-Youtrading-2020_preto.svg","width":2531,"height":570,"caption":"YouTrading"},"image":{"@id":"https:\/\/youtrading.com\/en\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/YouTradingEnglish\/","https:\/\/www.instagram.com\/youtrading_english\/","https:\/\/www.youtube.com\/channel\/UCc22BNolZpSd33lXc8utUvg"]},{"@type":"Person","@id":"https:\/\/youtrading.com\/en\/#\/schema\/person\/88ce8e6688d6c690a83e6cbeee2eccab","name":"Nathan Batchelor","description":"Nathan Bathelor brings a professional trading background and highly renowned technical analysis with 15 years of experience. He holds a degree in Business and Finance and has an extensive background providing research for prop houses, and fund managers. Nathan previously traded for Drashta Capital, a boutique Hedge Fund based in London and Sydney, and has worked as a FX Market Analyst for a number of leading brokerages in the United Kingdom.","url":"https:\/\/youtrading.com\/en\/author\/nathanbatchelor\/"}]}},"_links":{"self":[{"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/posts\/26833"}],"collection":[{"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/comments?post=26833"}],"version-history":[{"count":0,"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/posts\/26833\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/media\/26835"}],"wp:attachment":[{"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/media?parent=26833"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/categories?post=26833"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/tags?post=26833"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}