US Markets – It has been a volatile week on the US markets, seeing the DOW surge 900 points on Wednesday night. The rally was Wall Streets best day in two years. The good news however was short lived, the following trading session saw the DOW drop 3.2%, the S&P 500 fall 3.6% and the NASDAQ lost a whopping 5%

Bitcoin Plunges – With the major sell off happening on Thursday night, Bitcoin looked to maintain its status as a safe haven asset, staying relatively flat, until a about 1:30 this morning saw it shed 10% of its value. Bitcoin is now sitting at $35,261.86 USD

BoE Warning – The Bank of England has warned they face a double whammy in the form of a shrinking economy and double digit inflation later this year. The fear of stagflation is a part of the cause of the sell of in the US.

Australian Markets – The ASX has followed suit with loses this week, but unfortunately for investors, it did not take part in the rally on Thursday. It is shaping up to be the third straight week of loses on the ASX.

AUD/USD – The sell off in America has seen investors pile their money into US  dollars boosting its value, causing a 2.1% fall in the value of the Australian dollar against the US currency.

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