Forex Analysis & Reviews: 05.04.2022 - Brainard revived the dollar....

Live Chat

InstaForex Loprais Team - Official participant of the Dakar rally

This section features the most important information about trading with InstaForex. We provide both analysis from leading experts for experienced traders and articles on trading conditions for beginners. Our services will help increase your profit potential.

Become Trader

Account Opening

See also

Trading Conditions

Forex Analytics

Charts

This section is designed for those who are just starting their trading journey. InstaForex educational and analytical materials will meet your training needs. Our experts' recommendations will make your first steps to trading success simple and clear.

Start as Beginner

How to start trading

Useful information

Training and recordings

InstaForex innovative services are an essential element of productive investment. We strive to provide our clients with advanced technical capabilities and make their trading routine comfortable as we are recognized as the best broker in this regard.

Become Investor

PAMM System

ForexCopy System

Passive investments

OYS account

Partnership with InstaForex is beneficial and top-tier. Join our affiliate programs and enjoy bonuses, partner rewards, and the possibility to travel with the team of the world-renowned brand.

Become Partner

Main Page

Partner Area

Advantages for Affiliates

Registration

This section contains the most lucrative offers from InstaForex. Receive bonuses when topping up an account, compete with other traders, and get real prizes even when trading in a demo account.

All Promo Campaigns

Bonuses

Contests

Events

Holidays with InstaForex are not only pleasant but also useful. We offer a one-stop portal, numerous forums, and corporate blogs, where traders can exchange experiences and become successfully integrated into the Forex community.

Full details

Forums

We are in social networks

Forex humour

Forex Portal

InstaForex is an international brand created in 2007. The company provides services for online FX trading and is recognized as one of the world's leading brokers. We have won the trust of more than 7,000,000 retail traders, who have already appreciated our reliability and focus on innovations.

Learn More

History

Why Choose Us

InstaSport

Regulation

Company News

Awards

InstaForex Stars

InstaForex Offline

Headquarters

Key documents

Social Responsibility

InstaForex Loprais Team - Official participant of the Dakar rally

05.04.2022 10:19 PM

Brainard revived the dollar. Euro falls victim to short positions

The EUR/USD remains vulnerable as the dollar recovers quickly across the board. The lowest levels since mid-March were broken on Tuesday - first 1.0950, and then 1.0920. The bears have every chance to break through the 1.0900 mark.

The US dollar's growth is associated with the fall of treasury bonds and the rapid growth of the yield of 10-year bonds. The figure jumped to 2.56%, the highest level since mid-2019. The dollar index gained almost half a percent of value and traded above 99.40 during the US session. Thus, it could close at its high in almost two years.

Up to the round and many times over the past month, there's quite a bit left to the predicted barrier of 100.00. At this rate, it will be reached and broken through in the next sessions.

Markets are more than confident that the Federal Reserve will raise rates by 50bp. They hope to see these signals in the minutes of the last meeting, whose publication is scheduled for Wednesday. Investors drew attention to the rhetoric of the US central bank's officials, which is becoming increasingly harsh. It is the words of Deputy Fed chiefs that pushed up Treasury yields and the dollar index. Lael Brainard announced the readiness of the central bank to take drastic measures if the inflation forecast and inflation expectations indicators suggest the need for such actions. According to her, a rapid reduction in the Fed's balance sheet is possible along with a methodical increase in the base rate.

Investors are also closely monitoring further developments in Ukraine. The situation seems to have escalated, and the upcoming Russian-Ukrainian negotiations promise to be difficult. What is happening has affected the mood of the markets.

Now the Ukrainian city of Bucha is in the spotlight. The topic risks becoming central at the next auction and having an unpleasant continuation in the form of an economic conflict between Russia and the EU. In addition to the announced sixth package of sanctions, which, according to European officials, could be introduced as early as Wednesday, the EU managed to reach an internal agreement to ban coal imports from Russia.

The EU is working on additional sanctions, including on oil imports, European Commission President Ursula von der Leyen said on Tuesday.

EUR/USD bears are expected to continue to control the situation amid tensions in Eastern Europe. The course may well continue to suffer losses towards the 1.0800 mark, economists at Scotiabank predict.

Support levels are located at 1.0920, 1.0870, 1.0835. Resistances are at 1.1015, 1.1070, 1.1115.