The Trading Day Morning Jumpstart Macro View 16/05/22

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Share markets bounce into the weekend but remain in a downtrend. Some bargain hunters managed to provide some short term support that many will be hoping can continue into the coming sessions.

The USD finds some selling on safe haven buyers unwinding positions intraday as share markets rally while Gold continues to take a beating. The major theme of inflation and interest rate rises remains and I expect will continue to weigh on markets until the US Fed get more serious about containing high inflation.

For a more detailed Macro technical view and major markets to watch…check out the video below for my market review and key technical levels for general market bias.

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