Jonny Hart speaks to APAC Senior Market Analyst Jeffrey Halley about news impacting the market and the week ahead.
It’s another blockbuster episode today as we range far and wide across the global economy and financial markets. US markets are closed today but Asian equities, ex-China, are having a tough day at the office despite a steady US Close on Friday. We look at what Asian markets are doing today and discuss the divergence in price action, with industrial commodities falling heavily in China, which also left policy rates unchanged.
Oil markets fell heavily on Friday. We discuss the drop and Asian price action this morning, as well as the important difference between the speculative world of the futures markets, and the everyday pain you and I are feeling as we fill up our cars. I take a look at the demand outlook and also two key support levels on the Brent crude and WTI charts.
Jonny then asks whether all this talk of recessions will lead markets to expect less central bank easing.
Then it’s on to cryptos! We have quite a broad chat here as I dissect the weekend price action for Bitcoin, the crypto space in general, the outlook for prices and the sector as a whole.
Finally, we look at the week ahead which is light on data, but very very heavy on Fed speaks!
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