Bitcoin’s resilience bodes well for Upside in Q3 as skyrocketing interest rates and regulatory headwinds fail to bring about a selloff

A feature of many asset classes in 2023 has been a range trading type of environment and AUD/USD is an example of this. At the half-way point of the year, the Aussie Dollar is yet to get anywhere near testing the 2022 high or low at 0.7660 and 0.6170 respectively.

The Bank of England is trying to balance future interest rate hikes against a possible recession

The Australian Dollar capitulated last week as the US Dollar regained the upper hand with the Fed talking up more hikes while Aussie bond markets see clouds ahead. Lower AUD/USD?

Gold staged an attempted recovery on Friday as recessionary fears were reignited. Is the current selloff a precursor for the next bullish rally?

Fed Chair Jerome Powell reiterated the Feds hawkish stance on rates during his two-day testimony before congress. Finally, markets listened

The US dollar could remain in a range ahead of the key US PCE price index data due Friday. Will the Fed’s preferred inflation gauge could move the needle for markets, which are not convinced that the Fed can hike twice more this year?

The British Pound is ending the week in the red despite the Bank of England hiking rates by 50bps. Fears of an impending recession are stalking the Pound.

• Energy markets still face the toxic mix of plentiful supply and depressed demand

Nikkei 225 has been the clear outrunner year-to-date, surging more than 30% to cross the 33,000 level for the first time since 1990. What’s ahead for the index?