30.05.22 Macro Afternoon
Chris Becker | May 30, 2022 16:51
Asian share markets have had a very solid start to the trading week, following through on the good mood from Friday night that saw multiple breakouts across risk markets. In currency land, USD is getting weaker despite the long weekend off for US traders, with Euro and Pound Sterling surging while the Australian dollar is trying to push up through the 72 cent barrier. Oil prices are steady with Brent crude hovering just above the $116USD per barrel level while gold is now pushing well above the $1860USD per ounce level after stabilising on Friday night:
The economic calendar starts the week with a Euro focus, with Eurowide consumer confidence, then the all important German inflation print for May.
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