Monday, 19 September 2022

S&P 500 Volatility, Rising US Yields and Deepening Housing Recession Overshadowed by Fed Wait

There were a few market holidays to start this week, but the fundamental wheels have not stopped turning. With rate speculation and recession fears swelling, the only thing keeping volatility from turning into something bigger may be anticipation for Wednesday’s FOMC rate decision.

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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...