The Trading Day Morning Jumpstart Macro View 17/05/22

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US indexes were mixed and could not add to Fridays gains which has more to do with Powells speech late in the coming US session than any potential selloff nervousness. Inflation remains high as energy costs rise (Gas and Oil) so all ‘ears’ will be on what Powell has to say about rate rises.

The USD eased which helped currency crosses (with the USD) rally. Gold bounced as shorts were happy to cover and lock in some gains ahead of Powell comments.

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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