Wall Street under pressure as growth risks dominate
Markets price in Fed rate cuts for next year as recession woes deepen. Dollar powers up, euro/franc breaks below parity, stock futures drop. Oil retreats ahead of OPEC decision, America moves to ban TikTok.Traders play some defense after US consumer confidence disappoints. Dollar dominates, franc shines, tech stocks back under selling pressure. German inflation stats and speeches by Fed, ECB, and BoE leaders today.Risk Warning: 74.89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.Please consider our Risk Disclosure: https://www.xm.com/goto/risk/enRisk warning is correct at the time of publication and may change. Please check our Risk Disclosure for an up to date risk warningReceive your daily market and forex news analysis directly from experienced forex and market news analysts! Tune in here to stay updated on a daily basis: https://www.xm.com/weekly-forex-review-and-outlook In-depth forex news analysis on all major currencies, such as EUR/USD, USD/JPY, GBP/USD, USD/CHF, USD/CAD, AUD/USD.