Share markets bounced back as the European and US markets brush aside higher inflation on the back of resilient Consumers. Markets are only in correction mode and have not built a longer term base so I expect a grind up prior to another bout of selling pressure to come in to the action. The Fed does not seem as intent on containing inflation as first thought as we see the USD re-adjust lower.
The general trend for major Indexes remains down with the the USD in the driving seat....continuing to be careful into shares as prices could continue the trend lower.
BITCOIN and ETHEREUM are struggling to find buyers as prices hold lower highs and edge down into major low territory. Concern is that there is more downside to come as bulls remain on the sidelines.
Markets covered
US - DOW, Nasdaq and SP500
Europe - DAX and FTSE100
Asia - Hang Seng, ASX200 and Nikkei
FX - Dollar Index (USD), EURUSD , GBPUSD , AUDUSD and USDJPY
Commodities - GOLD , Oil and Copper
Crypto - Bitcoin and Ethereum
The general trend for major Indexes remains down with the the USD in the driving seat....continuing to be careful into shares as prices could continue the trend lower.
BITCOIN and ETHEREUM are struggling to find buyers as prices hold lower highs and edge down into major low territory. Concern is that there is more downside to come as bulls remain on the sidelines.
Markets covered
US - DOW, Nasdaq and SP500
Europe - DAX and FTSE100
Asia - Hang Seng, ASX200 and Nikkei
FX - Dollar Index (USD), EURUSD , GBPUSD , AUDUSD and USDJPY
Commodities - GOLD , Oil and Copper
Crypto - Bitcoin and Ethereum
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