This article focuses on the U.S. dollar, exploring the technical outlook for key FX pairs such as EUR/USD, USD/JPY, GBP/USD and AUD/USD. The piece also analyzes crucial price levels to monitor in the upcoming trading sessions.
Forecasts
Gold and Silver enjoyed an excellent week but now faces technical hurdles to start the new week. Will US data help the metals overcome their challenges and keep the bullish rally alive?
The rise in US equities has been fast and sharp, spurred on by weaker US data. Few scheduled risk events next week leave the door open for further gains
EUR/USD has racked up some hefty gains this week on the back of a US dollar sell-off. Can the Euro keep the move going by itself next week?
Sterling has done well against the Dollar in recent days, but hardly on its own merits.
The October U.S. inflation report will take center stage in the upcoming week. An upside surprise in CPI numbers might boost the greenback across the board, while lower-than-expected figures could have the opposite effect.
Gold and silver have witnessed respective declines as the ‘war premium’ dissipates and the dollar recovers lost ground on the back of Powell’s hawkish comments