The Dow Jones rose as investors brushed aside Evergrande woes for the Fed's outlook. China's crackdown on cryptocurrencies sent Bitcoin falling. Treasury yields are back on the rise, sending USD/JP…
Short-term uncertainties to keep the pressure on equity markets.
Crude oil prices may rise as global Covid case growth continues to slow, raising demand expectations. Eyes are on OPEC’s annual world oil outlook report. China’s Evergrande situation remains fluid.
The results of this weekend’s German Federal Election will likely dominate Euro sentiment at the start of the week ahead but after a possible EUR/USD bounce they will have little long-term impact.
Gold prices fell after a hawkish FOMC statement sent yields higher into the weekend, hurting the non-interest-bearing asset. PCE figures are in focus for gold traders this week.
The update to the US Consumer Price Index (CPI) is likely to sway the US Dollar during the Federal Reserve’s blackout period as the central bank braces for a transitory rise in inflation.
Bitcoin (BTC) started the day on the front foot on the Twitter news before the latest China crypto ban hammered the market lower.
The Australian Dollar continues to be caught in the crosswinds of external factors as risk appetite fluctuates. Can AUD/USD find firmer footing?
It was a busy week and weekend risk is heightened with the ongoing developments at Evergrande.