Market turmoil has intensified in February, and many analysts are predicting that the Fed may make a U-turn on their rates hike decision. In the flight to safety, Gold has extended its rally while Bitcoin looks to be going to ground. This week’s edition of Global Economic Outlook looks at the gold, bitcoin and US dollar charts.
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In This Week’s Calendar
Mon 8 February
Japan M2 Money Stock y/y (expected: 3.1% previous: 3.0%)
Tue 9 February
Japan 30-y Bond Auction
Wed 10 February
US Crude Oil Inventories (previous: 7.8M)
US Fed Chair Yellen Testifies
Thu 11 February
US Unemployment Claims (expected: 287K previous: 285K)
Fri 12 February
US Core Retail Sales m/m (expected: 0.0% previous: -0.1%)
Making The News
Gold has been in a long-term bear market since 2011 when it struck