The Australian Dollar saw volatile trading against the US Dollar after an inflation report lifted Fed rate hike bets. AUD/USD direction hinges on China's second-quarter GDP growth report, due out…
USD/JPY is on track to test the September 1998 high (139.91) as the Relative Strength Index (RSI) pushes into overbought territory for the sixth time this year.
After a steep sell-off at the cash open, U.S. stocks manage to erase most of the losses, finishing the day largely flat in a context of increased risk-aversion.
Crude oil plunged to levels not seen since February with a 26% drop taking price towards key technical support. The levels that matter on the WTI short-term charts.
The Nasdaq 100 falls on Thursday, along with other risk-assets, on growing fears that the U.S. economy is headed for a hard landing amid tightening financial conditions.