Beat the Street: oil, USD, gold in focus ahead of central bank action
The dollar slips, as investors eye rate decisions from Australia and Canada. Oil prices steady as investors hope the still-tight supply picture will remain in play. IG financial analyst Angeline Ong has more
(Video Summary)
USD wilts as Fed keeps us guessing
In this video episode of Beat the Street, IG financial analyst Angeline Ong guides us to the exciting world of trading on Wall Street. She begins by discussing how the US dollar is losing its power, which could indicate that the Federal Reserve Bank's tightening measures might be coming to an end.
Ong also mentions that oil prices are getting attention due to expectations of limited supply.
As for the US stock market, things seem to be on the rise, although there is some uncertainty. Ong shares charts that show how gold and the market have performed so far this year.
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