Market Week Ahead: Gold Pops, US Dollar Drops, GBP/USD and EUR/USD Rally
The US dollar is trading at a fresh five-month low after data on Friday showed inflation slowing further. Ahead a holiday-shortened week and a quiet economic calendar.
The US dollar is trading at a fresh five-month low after data on Friday showed inflation slowing further. Ahead a holiday-shortened week and a quiet economic calendar.
A holiday shortened week saw the US dollar slide, prompting a small rally in gold, while Sterling flexed its muscles after a robust PMI release.
This article thoroughly examines the technical outlook for EUR/USD ahead of the Fed decision, dissecting key price levels that may hold significance as the week progresses.
The US dollar faces a massive week ahead. The FOMC provides policy updates, mage-cap tech stocks release quarterly earnings and NFP data is due Friday
Crude Oil prices retreated a little on Monday after a string of gains last week took them back to highs not seen for twelve weeks.
Gold and silver grab a bid after Iranian drone strikes on US service personnel over the weekend, while later this week the latest FOMC decision and US Jobs Report will drive rate cut expectations.
The Australian Dollar and offshore Chinese Yuan saw little impact after a Hong Kong court ruled to liquidate the ailing property giant Evergrande