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A risk positive mood has taken over on Wall Street in the past 24 to 36 hours. This has helped to drive major indices higher. This is also weighing on the USD with a corrective move that has developed in the past couple of weeks back on track.
With recession fears a key factor for market participants, economic growth data will be key for the calendar this week. The flash PMIs will be watched, whilst the RBNZ will be next to hike rates.
After a huge wave of selling pressure a bear market rally is threatening on indices. However, rallies in 2022 have tended to be short-lived.
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