Marc Chandler, Managing Partner at Bannockburn Global ForEx, joins us to recap the key market moves off the continued geopolitical tensions in Ukraine, and how other macroeconomic trends factor in. Marc feels that there are 2 main blades to the scissors cutting through markets 1) Inflation and 2) a slowing down of growth.
We start off by looking at how inflation and fiscal policies boosted inflation and the prices of commodities were already spiking higher, and now they are spiking even further due to Russian sanctions, and everything from metals to energy is pressuring all markets from businesses to consumers, which just slows the growth of the economy down even further. Next we shift over to the bid coming in to safe haven assets like the dollar, bonds, and gold, and that gold is moving up in almost every currency. Marc reviews a number of currencies where there are some different trends on commodity currencies and emerging markets than we are seeing in the actual commodities, and outlines the news and central bank moves he feels will move the markets in the near term.