The Dow Jones and S&P 500 tumbled as US bank sector woes triggered rising fears of a recession, cutting back Fed rate hike bets. Gold prices soared as Treasury yields dropped. Ahead, eyes are on US CPI and the ECB rate decision.
29 Nov: Australian Greenback Blitzed by China Covid Issues Souring Sentiment. The place to for AUD/USD?
The Australian Dollar is under pressure again after the US Dollar reclaimed the ascendency amid a market rout as China faces domestic heat over continuing Covid-19 related lockdowns.
The US Dollar resumed ascending to start the week after Treasury yields added a few basis points and global growth woes undermined other currencies. Will the DXY index continue higher?
The US Dollar clawed back some ground today as the Fed’s Waller hit the wires over the weekend, reminding markets that inflation is still too high. Where to for the US Dollar?
09 Nov: Euro Holds Excessive Floor as US Greenback Sidelined Forward of Mid-Phrases. Greater EUR/USD?
Euro, EUR/USD, US Dollar, Mid-term, Crude Oil, Gold, RBNZ, Orr – Talking Points
The US Dollar has given up some ground so far today with a slide in Treasury yields and PMI data providing some relief for equity bulls. Will the US Dollar reclaim new highs?
Crude oil is on the back foot as the US Dollar ticked higher today and growth concerns re-emerge on Chinese and Japanese data. Will OPEC+ cuts re-ignite WTI?