CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Daily summary: Dollar rises as risk on sentiment fades away

18:15 21 April 2022
  • European indices finished today's session in mixed moods, with Germany’s DAX rising nearly 1%, while Italian FTSE MIB fell 0.29% as traders continued to monitor the earnings season, while also weighing the prospect of faster monetary policy tightening by major central banks and the evolution of the conflict in Ukraine.
  • Major Wall Street indices pared early gains and  crossed into negative territory as another set of  hawkish comments from FED members overshadowed upbeat earnings posted by Tesla and American Airlines
  • Fed's Daly said that the central bank will likely be raising rates by 50 bps at a couple of meetings and policymakers will discuss whether rate hikes at 25, 50, or 75 basis points are needed. 
  • Fed Chair Powell during panel discussion with ECB Lagarde said it is appropriate to be moving more quickly and front-end loading and a 50 bp hike for May is on the table.
  • Lagarde believes that risks to growth are skewed to the downside and she would not rule out that Russian oil and gas is sanctioned
  • Eurozone March inflation rate rose 7.4% over the same month in the previous year, compared with preliminary estimates of 7.5%.
  • US weekly jobless jumped to 184k last week, slightly above market estimates of 180k. 
  • The Philadelphia Fed Manufacturing Index fell to 17.6 in April from 27.4 in March, below market expectations of 21. 
  • NATGAS price fell to $6.8 after EIA inventory data revealed a 54 billion cubic feet injection (bcf) last week, much more than a median estimate of 40bcf.
  • Oil erased early gains caused by disruptions from Libya because of a wave of protests and the potential for an EU ban on Russian oil. Brent trades around $107.40 per barrel while WTI trades slightly below $103 per barrel
  • Precious metals  took a hit amid stronger dollar and surging treasury yields. Gold dropped to $1946.0 while silver fell over 3.0% and is testing $24.50 level 
  • EUR and USD are the best performing major currencies while AUD and NZD lag the most
  • Today we could observe an increased volatility on the markets. Bulls dominated during the European session, but sentiment deteriorated sharply after the hawkish comments of FED members Powell and Dali, who do not rule out a faster pace of monetary tightening. This led to a strengthening of the dollar, an increase in bond yields and lower precious metals prices.

Bitcoin pulled back in the second half of today's session and price reached a major support zone at $41,600. If the upward trend is to continue, the level cannot be negated. Source: xStation5

This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.

Back
Xtb logo

Join over 935 000 investors from around the world

We use cookies

By clicking “Accept All”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.

This group contains cookies that are necessary for our websites to work. They take part in functionalities like language preferences, traffic distribution or keeping user session. They cannot be disabled.

Cookie name
Description
SERVERID
userBranchSymbol cc 2 March 2024
adobe_unique_id cc 1 March 2025
test_cookie cc 1 March 2024
SESSID cc 9 September 2022
__hssc cc 1 March 2024
__cf_bm cc 1 March 2024
intercom-id-iojaybix cc 26 November 2024
intercom-session-iojaybix cc 8 March 2024

We use tools that let us analyze the usage of our page. Such data lets us improve the user experience of our web service.

Cookie name
Description
_gid cc 9 September 2022
_gat_UA-22576382-1 cc 8 September 2022
_gat_UA-121192761-1 cc 8 September 2022
_ga_CBPL72L2EC cc 1 March 2026
_ga cc 1 March 2026
AnalyticsSyncHistory cc 8 October 2022
af_id cc 31 March 2025
afUserId cc 1 March 2026
af_id cc 1 March 2026
AF_SYNC cc 8 March 2024
__hstc cc 28 August 2024
__hssrc

This group of cookies is used to show you ads of topics that you are interested in. It also lets us monitor our marketing activities, it helps to measure the performance of our ads.

Cookie name
Description
MUID cc 26 March 2025
_omappvp cc 11 February 2035
_omappvs cc 1 March 2024
_uetsid cc 2 March 2024
_uetvid cc 26 March 2025
_fbp cc 30 May 2024
fr cc 7 December 2022
muc_ads cc 7 September 2024
lang
_ttp cc 26 March 2025
_tt_enable_cookie cc 26 March 2025
_ttp cc 26 March 2025
hubspotutk cc 28 August 2024

Cookies from this group store your preferences you gave while using the site, so that they will already be here when you visit the page after some time.

Cookie name
Description
personalization_id cc 7 September 2024
UserMatchHistory cc 8 October 2022
bcookie cc 8 September 2023
lidc cc 9 September 2022
lang
bscookie cc 8 September 2023
li_gc cc 7 March 2023

This page uses cookies. Cookies are files stored in your browser and are used by most websites to help personalise your web experience. For more information see our Privacy Policy You can manage cookies by clicking "Settings". If you agree to our use of cookies, click "Accept all".

Change region and language
Country of residence
Language