Review of the key levels in the major markets as global markets resumed the meltdown with the NASDAQ and SP500 down over 4% and DOW 3.5%. Markets playing catchup to Powell comments and also have concerns that the US consumer is holding onto cash and not providing the economy with needed support...Target failing to delver on earnings highlights the concerns.
Safe Havens rallied with the USD, JPY and Gold (to a smaller extent) rallied.
The general trend for major Indexes remains down with the Inflation and Interest Rate Rises in focus....time to be careful into shares as prices could accelerate lower.
BITCOIN and ETHEREUM remained around lows as buyers remained on the sidelines unwilling to again follow share markets higher. Expect that if share Indexes again turn south, cryptos may take another hit.
Markets covered US - DOW, Nasdaq and SP500 Europe - DAX and FTSE100 Asia - Hang Seng, ASX200 and Nikkei FX - Dollar Index (USD), EURUSD , GBPUSD , AUDUSD and USDJPY Commodities - GOLD , Oil and Copper Crypto - Bitcoin and Ethereum