
Last week was very interesting for the markets, as we saw the releases of the US Inflation and Disney’s earnings report. So let's see what we should await this week!
EUR/USD continues moving down after a short retracement. The 50-period moving average has just crossed the 200-period MA, forming a dead cross, which gives a bearish signal. The pair is expected to drop to the key psychological mark of 1.2000. After that, it should be pulled back to the upside. Resistance levels are 1.2170 and 1.2220.
GBP/USD is still trading inside an ascending channel. If it manages to break through the resistance of 1.3650, the way up to the high of January 14 at 1.3700 will be clear. On the flip side, the move below the support of 1.3550 will press the pair down to the 200-period moving average of 1.35000.
S&P 500 – 21H has just broken through the resistance of $3 790. Therefore, the way up to $3 800 is clear now. When the price rises to $3 800, we would expect the short pullback ahead of a further rise to 3 815. Support levels are 3 783 and 3 775.
EUR/GBP is trading sideways around 0.8900. If it manages to rise above the high of January 15, the way up to the next resistance of 0.8920 will be clear. Support levels are at the recent lows of 0.8850 and 0.8870.
Last week was very interesting for the markets, as we saw the releases of the US Inflation and Disney’s earnings report. So let's see what we should await this week!
The volatility that the markets experienced last week promises the second tidal wave! What should your favorite assets anticipate during the first week of February?
The US will reveal Non-farm payrolls on January 7, Friday, at 15:30 GMT+2 (MetaTrader time).
The United States will publish the Preliminary GDP on Thursday, May 26, at 15:30 GMT+3.
The Reserve Bank of New Zealand will publish a monetary policy report and make an update on the interest rate on May 25, at 05:00 GMT+3.
The Australian Bureau of Statistics will announce the updated Unemployment Rate and Employment Change data on Thursday, May 19, at 04:30 MT.
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