Share markets managed to find some buyers to hold up off the lows as the US was largely range bound for the session. Buyers were happy to soak up the selling pressure from a weak open and fend off another selloff. The USD ran lower as safe havens moved down which lifted Gold. Major US indexes look set to bounce again into the weekend on more bargain hunting.
The general trend for major Indexes remains down with the Inflation and Interest Rate Rises in focus....continuing to be careful into shares as prices could continue lower.
BITCOIN and ETHEREUM remained around lows as buyers remained on the sidelines unwilling to commit to a rally. The price action from the US session is more positive and I expect more buyers to start to dip their toes in the water.
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