Ed Moya – Recap This Month’s Moves In Us Markets, USD and Cryptocurrencies
Ed Moya, Senior Market Analyst at OANDA joins us to recap the moves in financial markets this month to kick of 2022. We start with the pullbacks in US markets, with the S&P down around 6%, Dow down 4% and NASDAQ down 10% just this month. This brings in the question of if investor mentality and overall strategy has changed from the buy the dip strategy.
We also look at currencies especially the US Dollar, which corrected in the first half of month and shot much higher by the end of the month. Currency moves tie a lot into central bank policy and economic data compared to other countries. To wrap up the interview we have Ed comment on the big pullback in Bitcoin and cryptocurrencies.