In North America (the Dow Jones and S&P 500 indexes) and in Europe (FTSE 100 and DAX 30 indexes) most of their time was down and overall market sentiment was cautious. Those in Asia are mixed. Japan’s NikeK 225 and China’s Shanghai The Australian ASX 200 is weak.
Emotional volatility means the recent weakness of the US dollar. Growth-related currencies, such as the Australian and New Zealand dollars, have softened. The anti-terrorist saw some of Japan’s strengths. Antiquet gold prices fell when Greenback acquired. Crude oil prices have also dropped slightly.
Following key decisions by the RBA, BoC and ECB Central Bank rates, traders will look at key inflation data. The United States, the United Kingdom, and Canada are releasing the latest CPI data. These central banks will continue to formulate policy consolidation. This can lead to fluctuations in some US dollars, British pounds and Canadian dollars.
Earlier this week, OPEC released its latest monthly oil market report. WTI crude oil prices have been declining since July. This comes at a time when the Covenant delta is declining in demand and there is a growing concern for global growth. U.S. retail sales could also trigger volatility, especially if Kovi is showing signs of entering the economy.
Tuesday’s California governor’s election may be a source of market volatility. Democrat Gavin Newsom could be ousted by a simple majority and replaced by Republican nominee Larry Elder. Democrat Sen. Diane Feinstein may be appointed Republican nominee if he leaves office. That puts the Democrats’ razor-thin majority in the Senate in jeopardy, which could lead to fiscal policy.
U.S. Dollar on weekly performance and on gold and silver
The U.S. dollar view is hanging over the inflation report
The US Consumer Price Index (CPI) update could devalue the US dollar during the Federal Reserve’s blackout as the Central Bank struggles to control inflation.
S&P 500 & FTSE 100 forecasts for the week
Beware of the mid-month S&P 500 Pullback. FTSE 100 hazards targeted to 7000 breaks
MPs choose to raise NI tax, what does this mean for GBP?
Does GBP see long-term results when MPs vote to increase taxes?
Euro forecast – EUR / USD Outlook positive for the week ahead, Euro / GPP as well
There is nothing to prevent the euro from appreciating as the tight-knit euro zone monetary policy approaches this month.
Oil Weekly Forecast – Ida Impact, OPEC Supply Boost and China Oil Storage Tender
Brent Cruz dislikes Idaho products, OPEC supply increases and China’s oil reserves bid
Will the US dollar fall, will it continue? EUR / USD, USD / CAD, AUD / USD, GBP / USD
The US dollar weakened last week. Can action from June resume? What is the technical view for EUR / USD, USD / CAD, AUD / USD and GBP / USD?
Dow Jones, Nasdaq 100, S and P500 forecasts for the week
Stocks are pulling back a bit here, but so far the price action has not been very widespread and will not hurt the trend; Support to watch in the coming days.
Gold Price Forecast: In the near future, discrimination is breeding, but technical confirmation is required
After breaking below the 200-day SMA, attitudes toward gold prices have changed slightly, but sellers must cancel key Fibonacci support to ensure bearish bias.
GBP / USD, GBP / AUD, GBP / CHF charts for the week
The British pound’s technical position shows trading levels with the US dollar, the Australian dollar and the Swiss franc. Here are the tables for GBPUSD, GBPAUD and GBPCHF for next week.
Canadian Dollar Forecast – US Dollar / CAD Recovery Risk – Lone Rates
While the CAD recovery is open throughout the year, the Canadian dollar may still react. Essential Lonni on the weekly technical chart.
Crypto Weekly Forecast – Bitcoin (BTC), ETH and Cardano (ADA) Key Rates
Bitcoin prices follow free fall, Ether and Cardano