The Australian Dollar jumped higher to finish a tumultuous week in markets that have questioned all asset classes with central banks now reassessing their tightening cycles.

BoE officials have the unenviable task of hiking into the current banking sector turmoil. UK Inflation data on Wednesday alongside the FOMC meeting and projections

The ECB hiked interest rates by 50bps on Thursday, and said they will do more to fight inflation. The Euro grabbed a small bid but Euro Area bank stocks fell further.

USD/JPY risks further retreat on rising risk aversion amid uncertainty related to the fallout from the closing of the SVB Financial Group. What are the key levels to watch?

The S&P 500, Nasdaq 100 and Dow Jones sank last week on bank sector contagion woes. From a technical standpoint, this is leaving Wall Street increasingly vulnerable in the week ahead.

The Australian Dollar folded like a cheap chair during the week after the RBA put down the hose that had been pointed toward red-hot inflation, but the Fed and USD could be the driver for AUD/USD.

The pound has been in a broad decline, apart from cable which has been dominated by the USD sell-off. Next week’s Spring Statement ought to add to sterling volatility

Gold prices surged for the second week after rebounding off the 100-week moving average now holding as support around $1,813. Can bulls drive XAU/USD to $1,880?

The Dollar Index (DXY) finished the week with a whimper as Friday’s US data came in mixed. Bullish structure remains intact above the 104.30 level.

The ECB is expected to hike rates by 50 basis points next Thursday and indicate that they will continue to hike aggressively to press down on inflation.