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Nothing changes for gold, stocks as US yields resume higher
It has been a busy day for central banks, with the likes of BoJ, BoE, SNB and CBRT all making headlines with their decisions earlier today, following the Fed’s decision to hike by 75 basis points the day before. For stock markets and gold, nothing has changed. Both remain rooted in a bearish trend as investors watch yields continue to rise following a flurry of central bank action this week. Central banks recap Today saw no less than 4 major central banks announce policy decisions. Without getting to much into the details of each, the CBRT’s decision to cut rates by 1% should not surprise anyone, even if its was ... (full story)
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From themacrocompass.substack.com|Sep 22, 2022Hi all, and welcome back to The Macro Compass! Yesterday’s Fed meeting was exceptionally important. But not only because the Fed hiked by 75 bps - once again, the devil is in the ...
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- Posted: Sep 22, 2022 12:22pm
- Submitted by:Category: Technical AnalysisComments: 0 / Views: 75
