US Dollar Soars as Dow Jones Sinks on Hawkish Fed Comments. DXY Ready to Reverse?

The US Dollar soared as the Dow Jones sank on Monday after Chinese lockdown protests and hawkish Fedspeak spooked traders. Is the DXY Dollar Index readying to reverse?

from DailyFX – Market News https://bit.ly/3EKS8vQ
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Gold Bulls May Want to Watch US Rate Forecasts, Silver Traders Follow Gold

Gold dropped to open the week – again reflecting the opposite performance of the US Dollar. If the strength of the fiat is stirred by Fed signaling this week, expect similar pressures on the commodity. And, for the cheaper silver market, the scope of volatility will dictate the correlation between the precious metals.

from DailyFX – Market News https://bit.ly/3GTLG8v
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DAX 40, FTSE 100, Dow Jones (DJI) Weighed Down by Risk Aversion

Major stock indices are off to a rocky start as risk assets remain vulnerable to changes in sentiment. DAX, FTSE and DJI face big event risks as headwinds intensify.

from DailyFX – Market News https://bit.ly/3XHjLOQ
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