The US Dollar remains in a firmly bullish posture against its major counterparts. What are key levels to watch for in EUR/USD and GBP/USD in the week ahead?
Forecasts
The Fed’s commitment to the ‘higher for longer’ narrative sent risk assets sharply lower as investors digest what this could mean for expensive US stocks
Gold and Silver managed to recover toward the end of the week despite broad-based US Dollar strength. Further upside looks likely, but a host of technical hurdles may prove a difficult hurdle for the commodities to navigate.
Sterling has lost a sizeable amount of fundamental support with the Bank of England holding rates steady. Worsening fundamentals point to an extended selloff
The Japanese Yen remains in a broadly bearish posture against the US Dollar and the Euro. What are key technical levels to watch for in USD/JPY, EUR/JPY in the week ahead?
Gold rose late on Friday as risk sentiment dipped. This week, a hawkish Fed could put an end to minor gains as US yields, USD maintain bullish posture amid hot US data
The Euro confirmed a 7-week losing streak against the US Dollar after closing under the 100-day Moving Average. With EUR/JPY breaking lower, things are not looking good for the single currency.