Nasdaq Bulls Maintain Upward Trajectory Ahead of US Data, Fed Speakers
The tech-heavy index started the week around Friday’s close but trading appears muted in a week of ‘high importance’ US data including Powell’s testimony and NFP
The tech-heavy index started the week around Friday’s close but trading appears muted in a week of ‘high importance’ US data including Powell’s testimony and NFP
USD/JPY climbs on Monday, driven by rising U.S. yields. This action-packed week features Tokyo inflation, U.S. ISM services data, Powell’s testimony before Congress, and the critical U.S. jobs report – all potential catalysts for FX volatility.
OPEC+ kept supply cuts in place, with Russia surprising markets by constraining its output for Q2. Red Sea strikes add to upside potential but growth concerns linger
The Chancellor will need to refrain from any unfunded offers to voters this week. Sterling might suffer if he doesn’t.
Last Friday’s sharp rally sent gold back to levels not seen since early-December. With little in the way of technical resistance ahead of last year’s spike high, will gold continue to rally?