Macro Morning

See the latest Australian dollar analysis here:

Macro Morning

Another shaky night on equity markets as traders position themselves for tonight’s Federal Reserve meeting which could prove crucial to the future of the correlated post-COVID bubble. Wall Street was largely unchanged although tech stocks pulled back in line with European bourses with Treasury yields lifting off the deck. The USD was up ever so slightly but Yen finally saw some sellers that should provide Japanese stocks a tailwind in today’s session. Commodity markets continue to overshoot with copper putting in another high alongside iron ore as oil prices came back firmer although gold remains unable to break through the $1800USD per ounce barrier.

Bitcoin put in a recovery rally in the last 24 hours with a surge back through the $55K level last night, taking it back to last week’s average price. Not yet out of the woods but definitely looking better following the Tesla relevations:

There are 2354 words left in this subscriber-only article.

Start your free 14-day trial today!

Comments are hidden for Membership Subscribers only.