US Stagnation, Central Banks & Gold Breakout

Despite the S&P 500 reaching record highs, deteriorating US retail sales and falling consumer sentiment signal that equity markets may be priced to perfection with a thin margin for error. Dilin Wu, Research Strategist at Pepperstone, joins BFM’s Market Watch to analyse growing macro headwinds, upcoming tech earnings catalysts, and central bank expectations. She breaks down why the Federal Reserve is likely to keep interest rates on hold through year-end, evaluates the hawkish stance of the Reserve Bank of Australia and its impact on the Aussie dollar, and explains why Japan’s FX intervention offers only temporary relief for the Yen.Dilin also assesses gold's recent technical breakout, highlighting continuous central bank purchasing and institutional inflows as key drivers for medium- to long-term upside.Image Credit: ShutterstockSee omnystudio.com/listener for privacy information.