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Showing posts with the label dollar

Oil is now in a bear market, falling 10% in 7 days. A bank contagion could be upon us, the Fed is now in U.S. Dollar money printing mode. Setting up $ swaps with the major central banks. Rates may pause in May 2023. Inflation is still at multi decade highs.

adp employment figures show the smallest gain since the so called pandemic recovery, at 128K added jobs. The market is confused and the Fed is confusing the market even further whether they can reduce their 9 Trillion $ balance sheet and trigger rates over 2% in tackling the worst in inflation in over 40 years. Will they allow the U.S. Dollar to strengthen? Or markets to rally?