The Australian Dollar has been trading as a barometer of the markets’ recession fears. It may fall in the week ahead as worries about global growth continue to fester.
Gold and silver tend to show a close correlation, but their performance could begin to diverge as rising recession odds cloud the outlook for some precious metals with industrial applications.
Sterling ends the week slightly higher but price action over the last 72 was essentially flat. Crucial PCE inflation next week and US, UK final GDP figures
It was a busy week in markets, with volatile action across equities and currencies. That volatility may persist in the coming week. Mr. Powell’s testimony before Congress is perhaps the key event t…
It was a busy week in markets, with volatile action across equities and currencies. That volatility may persist in the coming week. Mr. Powell’s testimony before Congress is perhaps the key event t…
The Dow Jones, S&P 500 and Nasdaq 100 plunged after the Federal Reserve stepped up efforts tame runaway inflation with a 75bps rate hike. The economic docket is light, but volatility remains ripe.
The euro faces many challenges as Russian gas supplies dwindle and the ECB does little to allay bond market nervousness after unsubstantiated mention of an anti-frag tool
The US Dollar is coming off a busy week of FOMC-filled action, but the economic docket remains full of event risks. Mr. Powell’s testimony is among the most important.