US equity markets kicked off the short trading week with a bang. But gains may not last as the Jerome Powell’s semiannual testimony could turn the market mood sour again as the Fed Chief is expected to reiterate his strong commitment to fighting inflation even if it means slower economy and a softer jobs market. The calm reins in the FX markets, with the dollar index pushing higher this morning, as the markets prepare for some hawkish comments from the Federal Reserve (Fed) Chair Jerome Powell today. Gold is down for the fourth day, and Bitcoin struggles to extend gains into $22K mark. Crude oil fell to $106 per barrel this morning, as iShares Diversified Commodity index broke the 50-DMA significantly for the first time this year. Energy and commodities’ effectiveness in hedging the rising inflation may be easing, as a global recession would hit demand, and let the energy sector retrace a part of last year’s rally. Watch the full episode to find out more! 0:00 Intro 0:25 Market update 2:01 Is it time to return to Chinese stocks? 3:51 FX update 4:42 Gold between a rock and a hard place 5:49 Cryptocurrencies recover, but gains are fragile 6:55 Recession fears weigh on energy & commo Ipek Ozkardeskaya has begun her financial career in 2010 in the structured products desk of the Swiss Banque Cantonale Vaudoise. She worked at HSBC Private Bank in Geneva in relation to high and ultra-high net worth clients. In 2012, she started as FX Strategist at Swissquote Bank. She worked as a Senior Market Analyst in London Capital Group in London and in Shanghai. She returned to Swissquote Bank as Senior Analyst in 2020. #Fed #Powell #testimony #USD #EUR #CAD #XAU #ICOM #CrudeOil #Bitcoin #China #stocks #covid #zero #Alibaba #buythedip #ElonMusk #Tesla #Dogecoin #SPX #Dow #Nasdaq #investing #trading #equities #stocks #cryptocurrencies #FX #bonds #markets #news #Swissquote #MarketTalk #marketanalysis #marketcommentary _____ Learn the fundamentals of trading at your own pace with Swissquote's Education Center. Discover our online courses, webinars and eBooks: https://swq.ch/wr _____ Discover our brand and philosophy: https://swq.ch/wq Learn more about our employees: https://swq.ch/d5 _____ Let's stay connected: LinkedIn: https://swq.ch/cH
Powell to hit bullish sentiment at semiannual testimony | MarketTalk: What’s up today? | Swissquote
