Global Market Rollercoaster: Commodities, Crypto & Fed Shocks!

This is a summary of our weekly market update where we start in the US, cross to Europe and Asia and end in Australia, covering commodities and crypto along the way. It was another roller-coaster week on the markets, as US equities fell, the dollar rallied, and precious metals slumped in New York. As well as building tensions around potential military action in Iran, President Donald Trump’s pick of former Federal Reserve governor Kevin Warsh as the next chairman of the central bank shook things up as profits were taken, and the speculation wave turned. Results from AI heavy stocks while positive still had mixed impact of the share prices of the Mag-Seven. The FED Held rates, as expected, and spoke about a better balance between employment and inflation risks, suggesting Powell may have shepherded his last cut before leaving the Chair in May.