With the Fed’s hawkish hammer pounding the financial markets, the selling pressure coincided with events unseen since 2008. Moreover, with the work in progress to reduce inflation poised to push asset prices even...
EUR/USD TALKING POINTSPossible federal gas tax reprieve.Focus shifts to Powell’s testimony tomorrow.Eurozone current account slumps to lowest level since May 2020.EURO FUNDAMENTAL BACKDROPPresident Joe Biden has announced that he may be considering a...
What the Fed has been trying to do to this point seems more likely an exercise in trying to get an orderly decline in risk assets and tighten financial conditions....
Stock markets continued sliding yesterday, with weak German retail sales and slowing factory activity in the Eurozone due to high inflation, perhaps prompting some market participants to add to bets that the ECB...
