Energy Prices Are Still High, US Crude Oil Inventories Release Is Incoming. USD Is Still Strong. What About Bitcoin Price (1 BTC To USD)? | MarketTalk: What’s up today? | Swissquote
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US equities ended Tuesday session in the positive as the US 10-year yield stretching above the 3% mark acted like a speed bump. That’s relatively good news for the market, because it clearly shows that, even when the news is not great, the Federal Reserve (Fed) pricing doesn’t get much uglier when the 10-year yield goes above that 3% mark. Yet, high energy prices, World Bank cutting the global growth forecast and Target cutting its profit forecast weigh on sentiment and could rapidly reverse gains. Due today, the US oil inventories will be closely watched by oil traders.
Forex & Bitcoin Price (USD)
In the FX, the US dollar remains relatively strong before Friday’s inflation read, meaning that many investors are preparing to see a bad surprise. The EURUSD eases on the back of stronger US dollar, but the European Central Bank (ECB) hawks are certainly around the corner to limit the selloff before Thu’s policy announcement. The dollar-yen is surging off chart with technical indicators hinting at overbought market conditions. Bitcoin is back above the $30K mark & gold buyers become rare above the $1850 level.
Watch the full episode to find out more!
- 0:00 Intro
- 0:26 The 3% speed bump
- 2:08 Crude oil consolidates
- 4:44 World Bank cuts growth forecast
- 5:56 Target cuts profit forecast
- 7:24 FX, Gold update
- 8:45 Bitcoin needs fresh direction!
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. #WorldBank #growth #forecast #crude #oil #rally #Fed #hawks #US #inflation #data #USD #EUR #ECB #policy #decision #Gold #XAU #APA #Target #Walmart #Kohls #Bitcoin #bipartisan #bill #regulation #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
