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Risk on Post CPI, USD Dive and XRP Blast Off | Trade Zone with Joe Jeffriess

Published: 14.07.2023
by Joseph Jeffriess

Thanks for checking out this week’s wrap-up.

What a week we ended up seeing. Things got going on Wednesday after US CPI came in lower, and the core figure fell. This set off another round of selling on the USD that continued into Thursday after the PPI also came in lower. The weaker USD and pressure coming off interest rate expectations sent risk markets higher, with the AUD, GBP, gold and Nasdaq being some of the better performers.

Silver was another mover, which could also be down to supply problems. Reports suggested expiring futures had now available delivery. Oil was another performer this week as it continues to trade into the 70s.

Crypto returned to the spotlight on Thursday after a ruling favoured Ripple Labs. XRP soared by over 90% and lifted the broader Crypto market.

Weekly Wrap Video Analysis

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