The week started on a calm note, with small gains in European indices and US futures. The selloff in cryptocurrencies slowed, crude oil consolidated above the $110 per barrel and gold remained offered as the improved risk appetite, and the prospects of higher US yields weighed on appetite. The currency markets were calm as well, with the US dollar giving back some field against most majors. The EURUSD consolidated above the 1.05 level. The spread between the Italian and German 10-year yields narrowed since the ECB announced that they will invent another financial instrument to deal with the diverging pace of rising yields between the core and the periphery.

Elsewhere, Cable was bid above 1.22 as Brits are holding their breath before tomorrow’s inflation data, and the Aussie-dollar approached the 70 cents mark post-RBA minutes. We have certainly a couple of more hours of calm in the markets. But the things will start getting serious with Jerome Powell’s semi-annual testimony due Wednesday and Thursday, where he will reiterate how strong the Fed is committed to fighting the soaring inflation in the US. Watch the full episode to find out more! 0:00 Intro 0:29 Crypto selloff slows but risks prevail 1:35 Oil, gold down 2:36 Euro bulls reluctant as Lagarde promises magic tool 6:18 AUD up post-RBA minutes 8:48 Fed Powell semi-annual testimony in focus! Ipek Ozkardeskaya has begun her financial career in 2010 in the structured products desk of the Swiss Banque Cantonale Vaudoise. She worked at HSBC Private Bank in Geneva in relation to high and ultra-high net worth clients. In 2012, she started as FX Strategist at Swissquote Bank. She worked as a Senior Market Analyst in London Capital Group in London and in Shanghai. She returned to Swissquote Bank as Senior Analyst in 2020. #Bitcoin #Ethereum #selloff #cryptocurrencies #buythedip #USD #EUR #GBP #AUD #RBA #minutes #XAU #crude #oil #Macron #french #legislative #elections #ECB #antifragmentation #tool #China #zero #covid #ironore #SPX #Dow #Nasdaq #investing #trading #equities #stocks #cryptocurrencies #FX #bonds #markets #news #Swissquote #MarketTalk #marketanalysis #marketcommentary _____ Learn the fundamentals of trading at your own pace with Swissquote's Education Center. Discover our online courses, webinars and eBooks: https://swq.ch/wr _____ Discover our brand and philosophy: https://swq.ch/wq Learn more about our employees: https://swq.ch/d5 _____ Let's stay connected: LinkedIn: https://swq.ch/cH