Marc Chandler – Central Banks Around The World Are Tightening, Investors Are Selling Everything and Economic Data Continues To Disappoint
Marc Chandler, Managing Partner of Bannockburn Global Forex and Editor of the Marc To Market website joins us for a discussion on central bank policy around the world, recent economic data that continues to disappoint and the continued selloff in financial assets. It’s a very different playbook for central banks around the world which seem to be okay with markets continuing to pullback.
In terms of data we focus on recent GDP numbers and balanced against all the recession calls. Also the job market is critical as participation continues to be weak.
Click here to visit Marc’s blog – Marc To Market.
Trend Strength & Timing : https://tinyurl.com/mt2berap
Oil is at .382 support; likely to be tested soon.
Weak NatGas bounce may mean lower.
PMs withstand Dollar strength.
Miners could hold here.
Another crypto lending platform is freezing withdrawals as the industry’s downward spiral continues
Katie Canales – Business Insider – June 17, 2022
“Crypto lender Babel is freezing withdrawals for users due to “unusual liquidity pressures.”
“It’s the second major platform to do so this week as the crypto market faces a massive selloff. Celsius previously stopped letting customers withdraw their holdings on Sunday.”
w uup rolling and equity firming the risk over this weekend may be for gold trend to continue up…glta..back in half position