Macro Morning

By Chris Becker 

It was an easy night for short USD traders as Fed chief Powell reiterated the central banks dovish stance, sending interest rates and King Dollar down and lifting stock markets and commodities. Oil spiked higher on a greater than expected inventory drawdown while base metals also rallied alongside gold, although Bitcoin took a tumble.

There are 1776 words left in this subscriber-only article.

Start your free 14-day trial today!

Comments are hidden for Membership Subscribers only.