
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!
NZD/USD has jumped above the 38.2% Fibonacci retracement level of 0.7045. Thus, it’s more likely to rise till the 50.0% Fibonacci retracement level of 0.7100, but the pair may stop rising earlier –near 0.7090, where also the 100- and 200- day moving averages lie. Support levels are 0.7045 and 0.7000.
EUR/USD is attacking the 23.6% Fibonacci retracement level of 1.1870. The upper resistance line may become an obstacle for the pair, that’s why we might expect a reverse down. If it happens, it may fall to the recent low of 1.1860 and then even to the 200-period moving average of 1.1850.
S&P 500 (US500) is likely to reverse down from the upper line of Bollinger Bands at 4430 as the pair has failed to cross this resistance level several times already. If it reverses down, it may fall to the midline of Bollinger Bands which coincides with the 50-period moving average of 4405. The pair is likely to stop falling at this level.
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 US Bureau of Labor Statistics will announce average hourly earnings, nonfarm employment change (NFP), and the unemployment rate on July 8, at 15:30 MT time.
The Federal Open Market Committee, a committee within the Federal Reserve, will reveal a detailed record of the central bank’s last meeting on July 6 at 21:00 MT.
The Reserve Bank of Australia will announce its cash rate and make a statement about future rate policy on Tuesday, July 5, at 07:30 MT.
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