Oil Price Movements and Inflationary Effects
Those who have been following our series on the oil industry and its role in inflation expect these numbers to continue their upward trend before the final downward correction rears its head. This correction will inevitably impact subsequent inflation numbers.
The second half of the week could see a rally in the USD, which could temporarily put risk assets on the back foot.
Peek into the following week and you'll find the FED's decision on interest rates awaiting. According to a CME survey, a whopping 93% of respondents believe the interest rate will maintain its current level. This scenario is poised to bolster Equity Markets and Crypto again, thereby heralding an end to the ongoing correction while simultaneously initiating a rally that could last till the end of 2023 or early 2024.
Those who have been following our series on the oil industry and its role in inflation expect these numbers to continue their upward trend before the final downward correction rears its head. This correction will inevitably impact subsequent inflation numbers.
The second half of the week could see a rally in the USD, which could temporarily put risk assets on the back foot.
Peek into the following week and you'll find the FED's decision on interest rates awaiting. According to a CME survey, a whopping 93% of respondents believe the interest rate will maintain its current level. This scenario is poised to bolster Equity Markets and Crypto again, thereby heralding an end to the ongoing correction while simultaneously initiating a rally that could last till the end of 2023 or early 2024.
Trade closed: target reached:
Target reached. now is down/short phase :)