Oil swings between Mid-East tensions, China dismay – US Dollar Index up [Video]

Ipek Ozkardeskaya Swissquote Bank Ltd

The week started on an ugly note except for those who have a long exposure to energy related assets. The crumbling dovish Federal Reserve (Fed) expectations at the wake of a blowout jobs report from the US, the lack of further stimulus measures from China and the mounting geopolitical tensions in the Middle East give investors a hard time at the start of this week.

US yields and the US dollar are up, major counterparts are down, oil swings between gains and losses, copper and iron ore futures are heavily sold. The VIX index is rising.

Author

Ipek Ozkardeskaya

Swissquote Bank Ltd

Ipek Ozkardeskaya began her financial career in 2010 in the structured products desk of the Swiss Banque Cantonale Vaudoise. She worked in HSBC Private Bank in Geneva in relation to high and ultra-high-net-worth clients.

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