{"id":45195,"date":"2023-05-09T05:17:00","date_gmt":"2023-05-09T04:17:00","guid":{"rendered":"https:\/\/youtrading.com\/en\/?p=45195"},"modified":"2023-05-09T14:17:04","modified_gmt":"2023-05-09T13:17:04","slug":"morning-brief-debt-default-worries","status":"publish","type":"post","link":"https:\/\/youtrading.com\/en\/morning-brief-debt-default-worries\/","title":{"rendered":"Morning Brief &#8211; Debt Default Worries"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"45195\" class=\"elementor elementor-45195\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<div class=\"elementor-inner\">\n\t\t\t\t<div class=\"elementor-section-wrap\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-45af87e elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"45af87e\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-43cb305\" data-id=\"43cb305\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5efa9ab elementor-widget elementor-widget-text-editor\" data-id=\"5efa9ab\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p>A risk-on tone came back into the Asian session, with the <a href=\"https:\/\/bit.ly\/400zg4T\" target=\"_blank\" rel=\"noopener\">US dollar<\/a> gaining and <a href=\"https:\/\/activtrader.activtrades.com\/account\/createaccount?setup=indeces\" target=\"_blank\" rel=\"noopener\">stock markets<\/a> under pressure as traders started to fret about the possible US debt default scenario on June 1<sup>st<\/sup>.<\/p><p>US Treasury Secretary Yellen gave an interview whereby she noted that \u201c<em>something has to give, it&#8217;s essential that Congress raise debt ceiling<\/em>\u201d and \u201c<em>Default would be &#8216;huge hit&#8217; to US Economy<\/em>.\u201d<\/p><p>Some more strong words from Yellen as she noted that \u201cIf Congress doesn&#8217;t raise debt ceiling, President Biden will have to make decisions on what to do with resources, but there are no good options.\u201d<\/p><p>Bank of Japan Governor Ueda also appeared in the Japanese parliament today. His initial comments weakened the yen despite them being not of much substance or even much of a surprise.<\/p><p>Ueda mentioned that if inflation was sustained and stable the BoJ could drop YCC and trim its balance sheet. He also spoke of \u2018<em>heightened inflation expectations<\/em>\u2019. The <a href=\"https:\/\/bit.ly\/2OJjKKR\" target=\"_blank\" rel=\"noopener\">USDJPY<\/a> dropped back to just under 135.00 but is generally on the rise from US dollar strength.<\/p><p>Today we also saw the release of Retail sales in Australia. During Q1, retail sales fell by 0.6%, the most since Q3 of 2009, after a 0.3% drop in Q4, which was a poor number and caused the Aussie to turn lower.<\/p><p>Also, retail sales increased by 0.4% month-to-month to<a href=\"https:\/\/bit.ly\/2yFD0hu\" target=\"_blank\" rel=\"noopener\"> AUD<\/a> 35.30 billion in March 2023, unrevised from a flash reading and compared with a 0.2% growth in February.<\/p><p>The report also showed fairly strong retail trade and it was the third straight rise in retail trade, as food retailing rose for the 13th month (1.0% vs 0.3% in February).<\/p><p>Retail turnover rose modestly across the states and territories, with most up below 1.0%. On a yearly basis, retail sales added 5.4%, the least since September 2021.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>A risk-on tone came back into the Asian session, with the US dollar gaining and stock markets under pressure as traders started to fret about the possible US debt default scenario on June 1st. US Treasury Secretary Yellen gave an interview whereby she noted that \u201csomething has to give, it&#8217;s essential that Congress raise debt [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":45197,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[2],"tags":[380,42,551,67,22],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v17.6 (Yoast SEO v20.11) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Morning Brief - Debt Default Worries - Youtrading UK<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/youtrading.com\/en\/morning-brief-debt-default-worries\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Morning Brief - Debt Default Worries Morning Brief - Debt Default Worries\" \/>\n<meta property=\"og:description\" content=\"A risk-on tone came back into the Asian session, with the US dollar gaining and stock markets under pressure as traders started to fret about the possible US debt default scenario on June 1st.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/youtrading.com\/en\/morning-brief-debt-default-worries\/\" \/>\n<meta property=\"og:site_name\" content=\"Youtrading UK\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/YouTradingEnglish\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-09T04:17:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-05-09T13:17:04+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2023\/05\/GettyImages-494521219.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"516\" \/>\n\t<meta property=\"og:image:height\" content=\"320\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Nathan Batchelor\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Morning Brief - Debt Default Worries Morning Brief - Debt Default Worries\" \/>\n<meta name=\"twitter:description\" content=\"A risk-on tone came back into the Asian session, with the US dollar gaining and stock markets under pressure as traders started to fret about the possible US debt default scenario on June 1st.\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Nathan Batchelor\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/youtrading.com\/en\/morning-brief-debt-default-worries\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/youtrading.com\/en\/morning-brief-debt-default-worries\/\"},\"author\":{\"name\":\"Nathan Batchelor\",\"@id\":\"https:\/\/youtrading.com\/en\/#\/schema\/person\/88ce8e6688d6c690a83e6cbeee2eccab\"},\"headline\":\"Morning Brief &#8211; Debt Default Worries\",\"datePublished\":\"2023-05-09T04:17:00+00:00\",\"dateModified\":\"2023-05-09T13:17:04+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/youtrading.com\/en\/morning-brief-debt-default-worries\/\"},\"wordCount\":297,\"publisher\":{\"@id\":\"https:\/\/youtrading.com\/en\/#organization\"},\"keywords\":[\"AUD\",\"Fed\",\"US Debt\",\"US Dollar\",\"USDJPY\"],\"articleSection\":[\"Markets\"],\"inLanguage\":\"en-GB\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/youtrading.com\/en\/morning-brief-debt-default-worries\/\",\"url\":\"https:\/\/youtrading.com\/en\/morning-brief-debt-default-worries\/\",\"name\":\"Morning Brief - Debt Default Worries - Youtrading UK\",\"isPartOf\":{\"@id\":\"https:\/\/youtrading.com\/en\/#website\"},\"datePublished\":\"2023-05-09T04:17:00+00:00\",\"dateModified\":\"2023-05-09T13:17:04+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/youtrading.com\/en\/morning-brief-debt-default-worries\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/youtrading.com\/en\/morning-brief-debt-default-worries\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/youtrading.com\/en\/morning-brief-debt-default-worries\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/youtrading.com\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Morning Brief &#8211; Debt Default Worries\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/youtrading.com\/en\/#website\",\"url\":\"https:\/\/youtrading.com\/en\/\",\"name\":\"Youtrading UK\",\"description\":\"Leaders in Trader Training\",\"publisher\":{\"@id\":\"https:\/\/youtrading.com\/en\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/youtrading.com\/en\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/youtrading.com\/en\/#organization\",\"name\":\"YouTrading\",\"url\":\"https:\/\/youtrading.com\/en\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/youtrading.com\/en\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2020\/12\/Logo-Youtrading-2020_preto.svg\",\"contentUrl\":\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2020\/12\/Logo-Youtrading-2020_preto.svg\",\"width\":2531,\"height\":570,\"caption\":\"YouTrading\"},\"image\":{\"@id\":\"https:\/\/youtrading.com\/en\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/YouTradingEnglish\/\",\"https:\/\/www.instagram.com\/youtrading_english\/\",\"https:\/\/www.youtube.com\/channel\/UCc22BNolZpSd33lXc8utUvg\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/youtrading.com\/en\/#\/schema\/person\/88ce8e6688d6c690a83e6cbeee2eccab\",\"name\":\"Nathan Batchelor\",\"description\":\"Nathan Bathelor brings a professional trading background and highly renowned technical analysis with 15 years of experience. He holds a degree in Business and Finance and has an extensive background providing research for prop houses, and fund managers. Nathan previously traded for Drashta Capital, a boutique Hedge Fund based in London and Sydney, and has worked as a FX Market Analyst for a number of leading brokerages in the United Kingdom.\",\"url\":\"https:\/\/youtrading.com\/en\/author\/nathanbatchelor\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Morning Brief - Debt Default Worries - Youtrading UK","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/youtrading.com\/en\/morning-brief-debt-default-worries\/","og_locale":"en_GB","og_type":"article","og_title":"Morning Brief - Debt Default Worries Morning Brief - Debt Default Worries","og_description":"A risk-on tone came back into the Asian session, with the US dollar gaining and stock markets under pressure as traders started to fret about the possible US debt default scenario on June 1st.","og_url":"https:\/\/youtrading.com\/en\/morning-brief-debt-default-worries\/","og_site_name":"Youtrading UK","article_publisher":"https:\/\/www.facebook.com\/YouTradingEnglish\/","article_published_time":"2023-05-09T04:17:00+00:00","article_modified_time":"2023-05-09T13:17:04+00:00","og_image":[{"width":516,"height":320,"url":"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2023\/05\/GettyImages-494521219.jpeg","type":"image\/jpeg"}],"author":"Nathan Batchelor","twitter_card":"summary_large_image","twitter_title":"Morning Brief - Debt Default Worries Morning Brief - Debt Default Worries","twitter_description":"A risk-on tone came back into the Asian session, with the US dollar gaining and stock markets under pressure as traders started to fret about the possible US debt default scenario on June 1st.","twitter_misc":{"Written by":"Nathan Batchelor","Estimated reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/youtrading.com\/en\/morning-brief-debt-default-worries\/#article","isPartOf":{"@id":"https:\/\/youtrading.com\/en\/morning-brief-debt-default-worries\/"},"author":{"name":"Nathan Batchelor","@id":"https:\/\/youtrading.com\/en\/#\/schema\/person\/88ce8e6688d6c690a83e6cbeee2eccab"},"headline":"Morning Brief &#8211; Debt Default Worries","datePublished":"2023-05-09T04:17:00+00:00","dateModified":"2023-05-09T13:17:04+00:00","mainEntityOfPage":{"@id":"https:\/\/youtrading.com\/en\/morning-brief-debt-default-worries\/"},"wordCount":297,"publisher":{"@id":"https:\/\/youtrading.com\/en\/#organization"},"keywords":["AUD","Fed","US Debt","US Dollar","USDJPY"],"articleSection":["Markets"],"inLanguage":"en-GB"},{"@type":"WebPage","@id":"https:\/\/youtrading.com\/en\/morning-brief-debt-default-worries\/","url":"https:\/\/youtrading.com\/en\/morning-brief-debt-default-worries\/","name":"Morning Brief - Debt Default Worries - Youtrading UK","isPartOf":{"@id":"https:\/\/youtrading.com\/en\/#website"},"datePublished":"2023-05-09T04:17:00+00:00","dateModified":"2023-05-09T13:17:04+00:00","breadcrumb":{"@id":"https:\/\/youtrading.com\/en\/morning-brief-debt-default-worries\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/youtrading.com\/en\/morning-brief-debt-default-worries\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/youtrading.com\/en\/morning-brief-debt-default-worries\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/youtrading.com\/en\/"},{"@type":"ListItem","position":2,"name":"Morning Brief &#8211; Debt Default Worries"}]},{"@type":"WebSite","@id":"https:\/\/youtrading.com\/en\/#website","url":"https:\/\/youtrading.com\/en\/","name":"Youtrading UK","description":"Leaders in Trader Training","publisher":{"@id":"https:\/\/youtrading.com\/en\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/youtrading.com\/en\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-GB"},{"@type":"Organization","@id":"https:\/\/youtrading.com\/en\/#organization","name":"YouTrading","url":"https:\/\/youtrading.com\/en\/","logo":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/youtrading.com\/en\/#\/schema\/logo\/image\/","url":"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2020\/12\/Logo-Youtrading-2020_preto.svg","contentUrl":"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2020\/12\/Logo-Youtrading-2020_preto.svg","width":2531,"height":570,"caption":"YouTrading"},"image":{"@id":"https:\/\/youtrading.com\/en\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/YouTradingEnglish\/","https:\/\/www.instagram.com\/youtrading_english\/","https:\/\/www.youtube.com\/channel\/UCc22BNolZpSd33lXc8utUvg"]},{"@type":"Person","@id":"https:\/\/youtrading.com\/en\/#\/schema\/person\/88ce8e6688d6c690a83e6cbeee2eccab","name":"Nathan Batchelor","description":"Nathan Bathelor brings a professional trading background and highly renowned technical analysis with 15 years of experience. He holds a degree in Business and Finance and has an extensive background providing research for prop houses, and fund managers. Nathan previously traded for Drashta Capital, a boutique Hedge Fund based in London and Sydney, and has worked as a FX Market Analyst for a number of leading brokerages in the United Kingdom.","url":"https:\/\/youtrading.com\/en\/author\/nathanbatchelor\/"}]}},"_links":{"self":[{"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/posts\/45195"}],"collection":[{"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/comments?post=45195"}],"version-history":[{"count":0,"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/posts\/45195\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/media\/45197"}],"wp:attachment":[{"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/media?parent=45195"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/categories?post=45195"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/youtrading.com\/en\/wp-json\/wp\/v2\/tags?post=45195"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}