Ed Moya – Inflation Data This Week, USD Continuing To Rise, Commodity Weakness and Bitcoin’s Next Move
Cory
July 11, 2022
Ed Moya, Senior Market Analyst at OANDA joins us to look ahead to the key data points released this week and how these will carry over to Fed expectations and financial markets. It’s all about inflation data (CPI and PPI) as well as the start of Q2 earnings season which is expected to come in weak. We also look at the recent trends of the USD moving higher, commodities selling off and Bitcoin consolidating around the $20,000 level.
Discussion
1 Comment
Jul 11, 2022 11:44 PM
PAPA Dollar just hit 1:08, The Fed is raising rates trying to bring the banks from doing stupid things. All of a sudden there will be a pinch in money. The Fed Board sees this as their new policy, their old policy brought us to this reckoning. The new policy will cause a dizzying drop in stocks. DT