Apple Stock Price, Microsoft, Amazon And Tesla (TSLA) Added A Lot Since July! How Deep Could EUR/USD Drop?
Aa
Share
Monday blues kicked in following a $7 trillion rally since July, which was mainly fueled by the expectation that the recession rhetoric would convince the Federal Reserve (Fed) to stop raising the rates and even start thinking about cutting the rates. Now that the Jackson Hole meeting approaches, those bets are vanishing. Yesterday’s equity selloff was escorted with a jump in the US 10-year yield to above 3%, and a rally in the US dollar. The dollar index hit the 109 level yet again, and the broad-based rally in greenback sent the major peers depressed.
EURUSD
The EURUSD sank below parity and gold sank below the $1730 level. In energy headlines, the Nordstream pipeline is again closed for maintenance for three days. The last time the pipeline was closed for maintenance, Russians restored the gas flow, but much less. The European nat gas prices continue soaring, and giving support to crude oil. Oil companies extend rally.
Watch the full episode to find out more!
- 0:00 Intro
- 0:24 Risk-off into Jackson Hole meeting
- 3:42 Market update
- 4:42 Nordstream 1 is closed, again
- 5:21 Crude oil up as OPEC threatens to cut output
- 7:11 Yes, euro & gold could sink deeper…
Ipek Ozkardeskaya
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.
#EURUSD #below #parity #Jackson #Hole #Fed #monetary #policy #inflation #USD #EUR #Apple #Amazon #Tesla #Microsoft #bear #market #rally #Occidental #BP #crude #oil #natgas #Nortstream #gold #XAU #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
