Author - Craig Foley

$US strength remains the dominant theme

28 Sep 2022 - US equities were mixed in fairly choppy Tuesday trading, closing off the worst levels, with the dominant theme the strength of the US dollar. As inflation plays out across the globe the intervention of central banks has been co-ordinated. With the Fed’s tightening ahead of its peers in the high-income countries causing the $US to surge. The most important question investors are now asking is whether monetary tightening could go too far. Either way what...

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Surging $US playing havoc with financial markets and global trade

27 Sep 2022 - US equities sank as the US dollar hit a record high against the British pound, adding volatility to markets already concerned with inflation, rising interest rates, and a possible recession. It appears the turmoil is continuing in the currency markets with the Federal Reserve’s aggressive hiking campaign, coupled with the UK’s tax cuts announced last week that has caused the US dollar to surge.

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Fireworks across global financial markets as macro picture dominates

26 Sep 2022 - Friday’s fireworks on financial markets - especially bonds and currencies - drove another day of falls to cap a brutal week for investors. A majority of equity investors have now adopted the view that a hard landing scenario is inevitable and their focus is on the timing, magnitude, and duration of a potential recession and investment strategies for that outlook.

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