The USD’s worst week for eight months

In a week full of optimism that the Fed was getting closer to ending its rate hikes, global equities rallied. The USD could not hold its own and sold off sharply last week. China's Q2 growth figures out this morning disappoint and are weighing on local equities. In the US, the Q2 earnings season has kicked off in earnest, with the big US banks surprising on the upside on Friday. UnitedHealth's strong results are an encouraging sign for the defensive healthcare sector, which is lagging this year. More than 150 companies will report this week. Mensur Pocinci, our Head of Technical Analysis, notes that the USD has broken major support levels.

00:14 Introduction by Helen Freer (Investment Writing)

00:38 Markets wrap-up by Mike Rauber (Investment Writing)

06:06 Technical Analysis viewpoints by Mensur Pocinci (Head of Technical Analysis)

09:46 Closing remarks by Helen Freer (Investment Writing)

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