Ed Moya – What Will Move Markets This Week?
May 8, 2023
Ed Moya, Senior Market Analyst at OANDA joins us for a look ahead to data this week that could move markets. After a busy week last week that caused some market volatility, it was short lived with markets still closing mostly flat for the week.
As Ed says, for this week he is mostly focused on inflation and Fed speakers. We discuss the 2nd half of the year economic outlook that continues to be very bearish/recessionary tied in with the expectations of the Fed cutting. What this all means for markets and current pricing.
We also discuss the move in oil and gold.
Click here to visit the OANDA website and read over Ed’s daily market recap.
Wall Street subdued on bleak earnings ahead of inflation data
By Shreyashi Sanyal, Shristi Achar A and Carolina Mandl – Reuters – May 08, 2023