The post-US inflation selloff accelerated yesterday. All assets were heavily sold, and the money piled into the US dollar, as a sign of extreme stress in the market. Even though the US futures trade in the positive this morning, the risk sentiment is poor, and the fear of seeing the Federal Reserve (Fed) become more aggressive on its rate policy to tame inflation is omnipresent. The Fed will start its two-day meeting in this absolutely beautiful market environment, after having a hint the recent policy tightening to tame inflation has not worked effectively so far and more needs to be done. ‘More’ means a 75bp hike in one of the next three meetings. It could be today, it could be next month, or in two months.

Cryptocurrencies took a severe hit on the combination of general market panic and industry-wise discomfort. Bitcoin dived below the $22K mark, confirming once again its high positive correlation with Nasdaq. Ethereum retreated below $1200 mark. The selloff in cryptocurrencies got certainly uglier on news that Celsius, which is one of the biggest crypto lending firms, stopped withdrawals, and even transfers between accounts, due to ‘extreme market conditions’. Gold dropped $60 per ounce, the US 2-10-year yield inverted, Cable and EURUSD extended losses. Watch the full episode to find out more! 0:00 Intro 0:29 Market update 2:08 Fed meets: what to expect? 3:55 Assets with upside potential 5:43 The crypto selloff 7:57 UK to override parts of Brexit deal 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. #US #inflation #Fed #FOMC #meeting #Bitcoin #Ethereum #Celcius #token #Coinbase #market #selloff #USD #GBP #CHF #EUR #crude #oil #gold #wheat #copper #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