A wild night without direction
Oil is down, the US dollar is higher, equities are doing well. Risk off? Hardly. JBWere’s Sally Auld says there’s plenty of reason to sit on your hands right now.
NAB Morning Call · NAB - The Morning Call
Audio is streamed directly from the publisher (sphinx.acast.com) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
Tuesday 24th October 2023
NAB Markets Research Disclaimer
Financial Services Guide | Information on our services - NAB
There were no strong data releases over the last 24 hours to give markets direction and some have clearly made the bold assumption that no ground movement into Gaza is a sign that tensions are easing. As a result, we’ve seen bond yields pull off recent highs, equity markets rise, gold fall and the US dollar down. JBWere’s Sally Auld says the geopolitical uncertainty and the sell-off in bond yields has rattled investors and there’s plenty of reason to sit on your hands, which is why we are range trading, albeit with large intraday swings. Todays PMIs might give a little direction, whilst locally eyes and ears will be on Michelle Bullock, the new RBA Governor.
Hosted on Acast. See acast.com/privacy for more information.