18.05.22 Macro Afternoon
Chris Becker | May 18, 2022 17:10
Asian share markets are doing relatively well given the continued bounceback on overseas markets overnight, although Chinese shares are unstable again after a big move higher yesterday. Currency markets are pushing back against the very strong USD although the Australian dollar has slipped back down to the 70 level. Oil prices are also retreating slightly with Brent crude now hovering just above $112USD per barrel while gold is struggling as it falls to the $1809USD per ounce level while Bitcoin looks like rolling over again, barely hanging on just below $30K:
The economic calendar includes UK and Euro core inflation prints then US housing starts.
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