US saved from another red session thanks to a late rally

2022年5月3日

US markets rallied in the last hour to move from negative to positive territory ahead of the FOMC statement on inflation and interest rates. Gold took a beating as Gold and inflation bulls shake their heads. The USD continued to hover around highs which I expect will be the same theme for the coming few sessions before the FOMC meeting. Traders remain mixed with regards to inflation so expecting to see more choppy intraday action.

Markets covered
US - DOW, Nasdaq and SP500
Europe - DAX and FTSE100
Asia - Hang Seng, ASX and Nikkei
FX - Dollar Index (USD), EURUSD, GBPUSD, AUDUSD and USDJPY
Commodities - GOLD, Oil and Copper
Crypto - Bitcoin and Ethereum