The week saw some level of stabilisation after the previous 2 weeks of roller coaster markets. Ukraine continued to dominate the headlines but with no further escalation the markets sought to remain calmer than previous weeks.
The USD which had seen safe haven status over the last 2 weeks gave up some ground to those worst hit since the Russian invasion.
The Euro looked to bounce back from it’s lows but failed to break out of the mid 1.10 range as the market seemed to be capped.
The move in USDJPY higher seemed to point to a more prolonged USD rally and sell of in Yen ahead. Oil finally saw some selling pressure as talks between Ukraine and Russia pointed towards some progress. Oil closed at $109 a fall of 5%.
The week ahead sees the much anticipated FOMC policy announcement on Wednesday. The market still expects a 25bp rise and a continued tightening stance. We also see BoJ and BoE policy announcements but all of this could be overshadowed by events in Ukraine.
Weekly Majors Market Performance
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Markets Remain Stable Ahead of Fed
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Peyman Khosravani is a global blockchain and digital transformation expert with a passion for marketing, futuristic ideas, analytics insights, startup businesses, and effective communications. He has extensive experience in blockchain and DeFi projects and is committed to using technology to bring justice and fairness to society and promote freedom. Peyman has worked with international organizations to improve digital transformation strategies and data-gathering strategies that help identify customer touchpoints and sources of data that tell the story of what is happening. With his expertise in blockchain, digital transformation, marketing, analytics insights, startup businesses, and effective communications, Peyman is dedicated to helping businesses succeed in the digital age. He believes that technology can be used as a tool for positive change in the world.
