
Last week was full of surprises! The US dollar plunged despite a better-than-expected retail sales report…
EUR/USD has reached low levels of late July, but then reversed to the upside. If it jumps above the high of September 25 at 1.1675, the way towards the key psychological mark of 1.1700 will be open. In the opposite scenario, the move below 1.1615 will drive the price to the next round number at 1.1600. The RSI indicator points that the pair isn’t oversold yet, therefore the further falling remains intact. The ECB’s statement will add fresh volatility this evening.
S&P 500 has been edging higher for the third day in a row. The stock index may be constrained by the 50-day moving average at 3 350. However, if it manages to break it, the way towards the high of September 15 at 3 400 will be open. Support levels are 3 250 and 3 200.
XAU/USD has failed to cross the support of $1 860 so far. If it manages to do it, it may fall to $1 840. Otherwise, the move above the key psychological mark of $1 900 will drive the pair upwards to the 50-day moving average at $1 940.
The British pound has started the week on the positive footing. GBP/USD has bounced off the key support on the intersection of 100- and 200-day moving averages at 1.2720. It approaches the significant resistance of 1.2800. If it manages to cross it, the way towards the 50-day moving average at 1.3000 will be clear.
Follow the ECB meeting at 16:45 MT time!
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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