OANDA Market Insights Podcast (Episode 356)

Senior Market Analyst Jeffrey Halley talks about news impacting the market and the week ahead.

In this week’s action-packed episode, all eyes are on Wednesday’s US FOMC policy meeting. Where goes US monetary policy goes the world, it could be argued, but a LOT is happening this week ex-FOMC. Firstly we look at Wall Street’s price action on Friday and Asian equity markets today. Asian markets are lower today after the wheat deal signed by Russia and Ukraine on Friday was followed up by a Russian missile attack on the port of Odesa over the weekend. European equities haven’t liked what they saw either.

We discuss the joys of Russian diplomacy before moving on to US earnings with Microsoft, Alphabet, Meta and Apple releasing Q2 numbers this week, as well as a raft of other heavyweights. We discuss which one is likely to be the odd man out. (clue: it starts with M)

From there, it’s onto data from around the world that will come thick and fast this week, with tier-1 releases from Europe and the US, amongst others. We discuss China and its property sector, and a new support fund announced today while taking a quick diversion to take in Singapore inflation data. Inflation was much higher than forecast, and the MAS will certainly tighten again in October. But what does it mean for the rest of Asia, Asian central banks, and Asian currencies?

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