Home Listing rules Charts that matter: Fed is getting more hawkish

Charts that matter: Fed is getting more hawkish

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Happy to see you again.

On the cover of this week’s magazine, what the new London registration rules mean for your money. UK regulators hope weaker listing rules will attract more tech quotes and rejuvenate a decline
stock Exchange. Perhaps they should pay more attention to other growth areas, reports Simon Wilson.

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This week’s podcast features Steen Jakobsen of Saxo Bank about his annual “outrageous predictions” – and how reality turns out to match all he can come up with. Find out what he says here.

Here are the links to this week’s editions of Money Morning and other web articles you may have missed:

Now for the cards of the week.

Gold rose as the US dollar fell after the US central bank, the Fed, announced it was ending its purchases of Covid-19 bonds by March.

(Gold: three months)

the US dollar index (DXY – a measure of the dollar’s strength against a basket of currencies of its major trading partners) fell from a three-week high this week after the Fed announced it was targeting three rate hikes in 2022 and seeks to end its bond purchases by March.

Stockcharts.com

(DXY: three months)

the ten-year US government bond yield rose slightly after the Fed confirmed it is tightening monetary policy. Yields move inversely with bond prices.

Stockcharts.com

(Ten-year US Treasury yield: three months)

But the Japanese ten-year bond yield fell.

Stockcharts.com

(Yield on ten-year Japanese government bonds: three months)

And the ten-year German Bund yield Pink, in line with rising US yields, as US data showed on Tuesday that US prices rose more than expected in November, suggesting inflation could be high for some time to come.

Stockcharts.com

(Ten-year Bund yield: three months)

The copper prices increased compared to the previous week.

Stockcharts.com

(Copper: nine months)

And relatives Australian dollar rose after strong employment data made it more likely that the central bank would also cut its the era of the pandemic bond purchases in early 2022, following the Fed.

Stockcharts.com

(Australian dollar to US dollar exchange rate: three months)

Bitcoin fell as markets became volatile after the Fed meeting.

Stockcharts.com

(Bitcoin: three months)

Weekly Initial Unemployment Claims in the United States increased from 18,000 to 206,000. The four-week moving average was 203,750, a decrease of 16,000 from the revised average for the previous week.

© Federal Reserve Bank of Saint-Louis

(Initial jobless claims in the United States, four-week moving average: since January 2021)

Brent rose as stocks falling and the Fed’s bullish forecast offset Omicron fears.

(Brent gross: three months)

Stockcharts.com

Amazon fell, as the Fed’s move brought down major tech stocks on Friday.

(Amazon: three months)

Stockcharts.com

(Tesla: three months)

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You’re here has changed little from the previous week.

Have a good week-end.


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