Market news – Week 4, June 2022

由於美聯儲宣布加息，加密貨幣經歷了歷史上最糟糕的幾週之一。 然而，由於這一公告，其他市場也出現了挫折。

Forex

Although the core inflation result for May 2022 came in as expected and strengthened the Euro, the currency does not seem to be reversing its long-term plunge. 這進一步加強了歐洲央行（ECB）面對德國通脹壓力的挑戰。 On the other hand, the continued strengthening of the US dollar has caused the EUR/USD pair to close the week in the negative territory. 

As seen in the chart above, after starting the week on a downtrend and falling to $1.1971, the GBP/USD pair experienced a short-term rally on Thursday, 16 June 2022, and prices reached a three-day high of around $1.2381. Furthermore, the release of disappointing US macro data weakened the greenback and served as support to the declining GBP/USD pair. 

此外，由於美聯儲和英格蘭銀行（BoE）之間貨幣政策發布的分歧，其從兩年低點的微弱反彈稍顯乏力。 結果，這對貨幣在本週結束時的價格為$1.2227，略高於SMA 10的$1.2220，並幾乎與SMA 5和SMA 15的$1.2211和$1.2245平分。 Now, all eyes are on the UK inflation report and the Fed Chairman’s testimony for fresh directional commands for the cable pair. 

日本銀行（BoJ）行長宣布，如有需要，貨幣政策可以進一步放寬。 這引發了日元的拋售，結合美元的回升，解釋了USD/JPY的牛市走勢。

透過最新的市場新聞提升交易策略，並在 Deriv X Financial 帳戶交易差價合約。

Commodities

After starting the week above $1,870, gold prices plummeted below $1,810 on Tuesday, 14 June 2022, for the first time since traders began withdrawing from the market in February.

黃金通常被視為對抗通脹的避險資產，但當美聯儲提高短期利率時，持有黃金的機會成本是更高的，因為這種金屬不產生利息。

Despite closing the week at $1,840 on Friday, 17 June 2022, gold closed at its lowest level in almost a month as a stronger US dollar and interest rate hikes from the Federal Reserve, Swiss National Bank, and Bank of England dented the safe-haven metal’s appeal.

正如上圖所示，金價在本週以略高於$1,837的支撐位交易結束。 未來一週利率政策和通脹預期的變化將顯著影響這種黃金。

同時，油價在本月早些時候上升到接近每桶$125後突然退出長期上升趨勢。 On Friday, 17 June 2022, oil prices fell by 6% to a four-week low and ended the week at around $112 a barrel. 這是由於主要央行的加息將減緩全球經濟並限制能源需求。

Cryptocurrencies

The crypto market fell below $1 trillion for the first time since January 2021. With a loss of $300 billion in seven days, last week was one of the worst weeks in crypto history.

In the chart above, the price of Bitcoin continued to slump, dropping by 34% in the past 7 days and trading below the $20k mark. However, Bitcoin has clawed its way back to around the $20k mark on Sunday, 19 June 2022. 這一趨勢可能顯示出在最近幾次連續下跌後的快速反彈，因為機構交易者可能視其為購買機會，隨著比特幣達到谷底。

Meanwhile, Ethereum, in particular, performed poorly, going down by 40% over the same period and trading at around $1,000. 

部分原因是宏觀經濟因素對加密市場的崩潰負有責任。 最近，加密貨幣並未作為抗通脹資產發揮作用，因為股票和債券市場的表現直接影響比特幣。 Inflation has been rising lately, causing central banks to raise interest rates, hitting risky assets. 

由於極端的市場條件，幾家加密貨幣貸款公司已停止在提款，轉賬和掉期要求方面的操作。 This has indirectly led to a sell-off from crypto traders as this raises concerns about the future of cryptocurrencies. 

透過在 DTrader上使用期權和倍數在金融市場上進行交易，從而提高市場機會，以最大限度地發揮市場機會。

美國股市

*Net change and net change (%) are based on the weekly closing price change from Monday to Friday.

All 3 major indices finished the week with sharp losses. This was the most significant decline for the S&P 500 since the pandemic hit markets in March 2020. Furthermore, the Dow faced its biggest drop for the week since October 2020. The market has now lost ten times in the last 11 weeks overall. 

Since every company in the index was in the red at least once during the week, the S&P 500 is officially in a bear market.

On Wednesday, 15 June 2022, the Federal Reserve announced a 0.75% interest rate increase — the largest since 1994. Stocks were on the rise, however; after the announcement, the Dow dropped to levels not seen since January 2021. 此外，所有11個股票市場的行業均出現下跌。

隨著經濟衰退的擔憂加劇，Home Depot、Intel和JPMorgan的股票達到52周新低。 與此同時，亞馬遜，Apple和 Netflix 等科技巨頭下跌了近 4％。 

The Fed's comments on Friday, 17 June 2022, echoed their commitment to clamping down inflation after hiking rates by 75 basis points earlier in the week. 現在，交易者期待著本週稍晚的鮑威爾證詞，因為美聯儲似乎仍然專注於將通脹恢復到2%的目標。

Now that you’re up-to-date on how the financial markets performed last week, you can improve your strategy and trade CFDs on Deriv MT5 Financial and Financial STP accounts.