By Chris Becker
A week characterised by increased volatility due to the continuing political imbroglio in the US which is seeing the USD fall to new lows, dragging European and Japanese markets down as their domestic currencies take the weight. At least the Federal Reserve is not as emboldened as it once was as the spectre of runaway inflation evaporates as Congress dithers on domestic US spending. Australian markets are feeling the heat with the Aussie dollar ratcheting up to new highs, burdening local shares which are about to start their end of year reporting season.
As usual for Monday mornings, I’ll take a step back and look at markets with a longer term view as my “Trading Week”.