Friday, 7 October 2022

Dow’s Near Record Reversal Dashes Bullish Hopes Before New Growth, Financial Warnings

The bullish charge that often accompanies the open of a new quarter fell apart this past week, producing a reversal for the Dow and other risk measures of serious scope. Ahead, the focus will turn back onto ‘traditional’ fundamental themes that are darkening significantly: growth forecasts and financial stability. And there are events ahead that will charge both worries.

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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...