Energy crisis to worsen as Russia cuts German gas supply | MarketTalk: What’s up today? | Swissquote

Ed Moya talks stock market reaction to the rumours of Fed hiking slowdown and more

Sentiment is better, but the news is not. The latest flash PMI readings from Japan to Europe and to the US showed a slowing global activity in June. The slowing activity, and the call for a global recession started pressuring oil and commodity prices to the downside. Norway delivered a bigger than expected 50bp hike, and Banxico rose by 75bp hike, the country’s biggest rate hike ever. Plus, Moscow cuts the gas supply to Germany via Nord Stream 1, leading to another spike in the European natural gas futures. The higher gas prices should keep the pressure high for oil, as although the prospects of demand are being cut, the production remains limited to the refining capacity. European and US futures hint at a hopefully calm session before the weekly closing bell, and we don’t have much on today’s economic calendar. In the FX, the US dollar hasn’t recorded a fresh high since about ten days, and the prospects of slowing US growth, the rising probability of recession, and the hawkish tone from other major central banks should prevent the greenback from gaining a fresh positive momentum. Watch the full episode to find out more! 0:00 Intro 0:27 Soft economic data, tighter central banks weigh on energy prices 3:18 Moscow cuts German gas 5:01 Bridgewater doubles short bet against big European stocks 6:29 Calm before the closing bell? 7:24 USD rally could be coming to an end 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. #Energy #crisis #Russia #Germany #Fed #Powell #testimony #inflation #recession #USD #ICOM #CrudeOil #naturalgas #shortselling #EU50 #TotalEnergies #USD #EUR #CAD #AUD #CHF #TRY #PMI #economic #data #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

Ed Moya talks stock market reaction to the rumours of Fed hiking slowdown and more

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