20.05.22 Macro Afternoon
Chris Becker | May 20, 2022 17:00
Yet another bounceback with Asian share markets green across the board today to finish the trading week still unsettled. Currency markets are also clawing back more ground against USD as the Australian dollar firms above the 70 level. Oil prices are stabilising with Brent crude now hovering just above the $111USD per barrel level while gold is holding on to its one session gain, currently at the $1845USD per ounce level. Meanwhile Bitcoin looks like rolling over again, barely hanging on just above the $30K level, ready to break below key monthly support again:
The economic calendar finishes the week with UK retail sales and not much else.
Oh and I’ll be manning the BBQ at our local school making “democracy sausages” while I watch the conga line of voters hopefully throw the LNP out.
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