An extremely tough week on markets, ended on a slightly positive note, at least for US equities. Oil Prices eased slightly on Friday trade, which allowed a recovery rally, in US equities, after a lot of blood-shedding was suffered during the shortened trading week. Bond Yields in both Europe and the US remain at dangerously high levels, reflecting the energy/inflation crisis. There is a huge amount of global data flow arriving in the coming week, highlighted by inflation readings and important Central Bank interest rate decisions. This will be led out by the Federal Reserve, followed by the Bank of England and the Bank of Japan. This coming week will be ‘Huge’. The EUR slipped back below 1.1600, to close out the week , while the GBP looks to hold above 1.3500.Commodity also suffered a tough week, with the AUD trading 0.7155, while the NZD dipped below .5800. The NZD/AUD cross, has been the outstanding loser. surrendering 0.8100. A big week coming up, focusing on war, energy, inflation and Central Banks.
