Soon Bullish Rally for Gold
The winter is coming, and risky markets expect a rally to come with it. Will this December be bullish for stocks, crypto, and gold? A pack of news will surely help you out.
What will move the market on November 8-12?
The last week was so eventful for traders: FOMC Meeting, Bank of England’s rate decision, the OPEC+ meeting, and also NFP. This week is going to be interesting as well! Let’s see what you should focus on.
Trade ideas
Forex
Traders await Fed Chair Powell to speak this week. His comments tend to have a huge impact on the US dollar. Besides, the US inflation will be out. The strong results may push the already strong USD even higher. EUR/USD has started the week on a positive footing so far. It has reversed from the key support level of 1.1530. If it manages to jump above 1.1585, it may rally to 1.1615. Still, the US inflation will have a strong impact on the pair and traders need to take it into consideration.
Stocks
The earnings season is almost over. Among the last companies to reveal their financial results for the third quarter will be PayPal, Associated British Foods, Disney, and AstraZeneca. The strong results of tech giants helped the S&P 500 to jump to the all-time records. If this trend continues, the stock index may rally to 5000!
Oil
The OPEC+ alliance has agreed to stick to their current production plan to gradually increase oil supply by 400,000 barrels per day each month. However, oil prices dropped to $80.00. This week, crude oil has started steadily.
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Latest news
Market Crash Incoming?
This week may be the most important since the year started as the Fed assess the economic outlook and the US presents fresh NFP readings.
What Currency Will Overperform?
S&P Global, a private banking company, will release a monthly change in British Flash Manufacturing Purchasing Managers Index (PMI) on January 24, 11:30 GMT+2. The index is a leading indicator of economic health as businesses react quickly to market conditions, and purchasing managers hold the most current and relevant insight into the company's view of the economy.
Investor Positivity May Fade After Powell's Speech and CPI Release
The United States Bureau of Labor Statistics will publish the US Consumer Price Index (CPI) m/m on January 12 at 15:30 GMT+2. The index measures a change in the price of goods and services purchased by consumers.
