08.05.23 | Trading Outlook with Resident Analyst Joe Jeffriess
Good morning traders. After US stocks rallied last Friday and the USD lost steam, we will watch this dynamic this week and wonder if hedges are starting to unwind. Gold and Crypto have seen selling since the rally. Powell’s comments last FOMC said the Fed was watching data. This week could be a big piece of the puzzle with US CPI and PPI to be released.
UK rates are also on the agenda. Could we see a higher than expected (+25pts) this week to cut down stubborn inflation?
Enjoy the latest video analysis outlining the moves made in today’s Australian and Asian sessions, Discussing the potential opportunities emerging from GBP, USD, Gold, Indices, and Crypto. See what reaction the markets have had since they reopened for the new trading.
* The information provided on this page are the opinions of the author and do not necessarily reflect the opinions of Eightcap and are not endorsed by Eightcap.
Any person acting on the information presented on this page does so entirely at their own risk. No representation or warranty is given as to the accuracy or completeness of this information. Any research provided does not have regard to any specific investment objectives, financial situation and needs of any specific person who may receive it.
Margin trading involves a high level of risk and may not be suitable for all investors. You should carefully consider your objectives, financial situation, needs and level of experience before entering into any margined transactions with Eightcap, and seek independent advice if necessary.