Page 56 - Daniel Mccarthy News Today

The Crude oil price maintained overnight gains after the US Dollar slid on the interpretation that Fed Chair Powell wasn’t hawkish enough. Inventory data and supply chains also lifted WTI.

The gold price has mostly ignored the turmoil of US Dollar movements upending other markets this week as the Federal Reserve’s rate path provides the impetus for volatility.

The Australian Dollar skipped north after the RBA raised the cash rate target by 25 basis points to 3.35% as the central bank tries to rein in eye watering inflation. Will AUD/USD go higher?

The US Dollar gave up some ground today after reclaiming the ascendency with the Federal Reserve picking up the hawkish message ahead of Powell’s speech today. Where to for DXY (USD) Index?

The US Dollar jumped back in the driver’s seat after jobs data unveiled an economy that remains robust despite the Federal Reserve hiking rates. Will the DXY (USD) Index go higher?

The Australian Dollar has sprung back to life as the demise of the US Dollar gathers steam after markets interpreted the Fed as not overly hawkish. Will an RBA hike see AUD/USD go higher?

Crude oil has steadied so far today after sliding lower throughout the week after multiple rate hikes in major economies that might be offset by China coming online. Will WTI recover?

The US Dollar slide has continued after the New York close post the Fed hiking rates and Powell putting a dovish tilt in the mindset of the market. How low will USD go?

The Euro raced north after Fed commentary saw the US Dollar crash on the markets’ interpretation of a dovish tilt from the Chairperson. Will an ECB move do the same for Euro?

Many conservatives behave as if their job is merely to slow the advance of progressivism, or—at best—block it from gaining more ground. But according to Willmoore Kendall, this isn’t enough. They must work to extirpate progressive advances on the American constitutional order and replace them with sound political and moral principles.