Golds recent gains has come about largely on a return of its haven appeal. A continuation of Fridays drop in banking shares and any further surprises could see the precious metal eye a new all-time high.
Schlagwort-Archiv: Market
Nasdaq 100, Dow Jones, S&P 500 Technical Forecast: Mixed Week Offers Neutral View
There was a disproportionate rise in tech stocks last week as the Nasdaq 100 roared higher but the Dow Jones was left behind. Broadly speaking, the US equities technical outlook is neutral.
Australian Dollar Outlook: Banking Saga Rolls on as RBA Seen to Pause
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.
GBP Forecast: UK CPI and BoE Rate Decision Complicated by Banking Rout
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
Euro (EUR) Weekly Forecast: Hawkish ECB Hikes Rates, Bank Stocks Highlight Risk
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.
Japanese Yen Forecast: SVB Fallout Uncertainty to Weigh on USD/JPY
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?
S&P 500, Nasdaq 100, Dow Jones Technical Forecast: Bearish Breakouts in Focus
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.
Australian Dollar Outlook: Inflation Takes a Back Seat as Risks Accelerate
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.
GBP Fundamental Forecast: Sterling Struggles Ahead of Spring Statement, US CPI
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 Price Forecast: XAU/USD Heads Toward $1880 After Strong Recovery
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?