Hawkish Fed expectations rock the market | MarketTalk

Strong economic data came as bad news for markets. Surprisingly strong PMI figures from the US and Europe highlighted resilient growth, new orders and hiring, while persistent price pressures strengthened the case for further monetary tightening. US Treasury yields jumped across the curve, the dollar strengthened and technology stocks came under pressure as investors reassessed the Fed outlook. In FX, EURUSD is approaching a critical technical support, while USDJPY remains caught between widening yield differentials and the threat of Japanese intervention. Meanwhile, lower oil and diesel futures offer some relief, although energy costs remain elevated. Gold and Bitcoin are also under pressure from rising yields and a stronger dollar. Watch the full episode to find out more! 0:00 Intro 1:19 Strong PMI send yields higher, equities lower 4:46 USD gains, EURUSD and GBPUSD near critical support 6:41 Bitcoin, gold under pressure 8:03 USDJPY: intervention talk Ipek Ozkardeskaya has begun her financial career in 2010 in the structured products desk of the Swiss Banque Cantonale Vaudoise. She worked at HSBC Private Bank in Geneva in relation to high and ultra-high net worth clients. In 2012, she started as FX Strategist at Swissquote Bank. She worked as a Senior Market Analyst in London Capital Group in London and in Shanghai. She returned to Swissquote Bank as Senior Analyst in 2020, and launched her own website ipekScope.com in 2025. #MarketTalk #FederalReserve #InterestRates #PMI #TreasuryYields #USD #EURUSD #USDJPY #Nasdaq #Gold #Bitcoin #Oil #Markets #Swissquote #MarketTalk _____ 👉 Discover our brand and philosophy: https://www.swissquote.com/en/group _____ 👉 Deepen your trading and investing knowledge with Swissquote Inspire: explore our articles, analyses, webinars and exclusive content: https://www.swissquote.com/private/inspire _____ 👉 Discover Swissquote’s culture and join a company that values innovation, diversity and team spirit: https://www.swissquote.com/en/careers