US NFP missed the forecast, but traders await the release of the US inflation figures on Friday…
AUD/USD: forecast for Aug. 28 - Sep. 1
The Australian dollar has several sources of support: expectations that the next move of the Reserve Bank of Australian will be to raise rates (although it won’t happen soon), strong domestic labor market and higher iron ore prices. AUD/USD may get a bullish impulse from the weakening of the US dollar, but concerns about expensive Aussie should limit the advance.
Three centra banks will set the market in motion this week. The USD is under pressure after the weaker-than-expected NFP. ETH/USD is testing highs.
The ECB meeting is the most awaited event of the week! How will markets react? Watch the video to get fresh trade ideas on EUR/USD, GBP/USD, and Gold!
More reports, the start of a rally in crypto, outlook for gold and forex. This week is full of impactful releases, and we are here to trade on them.
Gold is about to break the most significant support. The US dollar index keeps gaining momentum. However, the situation might change this week, and we might see a tiny correction. Investors might return to risk-on and push the US stock market indices and cryptocurrencies to the upside. These and more trade ideas are in our new weekly video! Do not miss it!
This week is likely to be pivotal for many assets, including gold, USD, and several stocks. However, we need to be focused and react fast to the ever-changing environment to get the most from it.