
Last week was full of surprises! The US dollar plunged despite a better-than-expected retail sales report…
GBP/USD is moving inside the ascending channel. It has bounced off the support line at 1.3785. After a short pullback, it should continue edging higher. However, if it drops below 1.3785, it may fall to the lows of early September at 1.3750.
USD/JPY is moving up in the ascending channel as well. It has reversed up from the support line and has got closer to the significant resistance level of 110.00, which the pair may struggle to break on the first try. However, if it manages to cross it, the way up to the high of early September at 110.30.
Gold is trying to recover from yesterday’s losses. It may rise to the resistance level of $1780. The move above it will lead the metal to the 200-period moving average of $1790. Support levels are the recent low of $1750 and the lows of early August at $1725.
Last week was full of surprises! The US dollar plunged despite a better-than-expected retail sales report…
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 Australian Bureau of Statistics will announce the updated Unemployment Rate and Employment Change data on Thursday, May 19, at 04:30 MT.
The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.
The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.
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