Reasons behind the USD's advance, the earnings season in the United States, the outlook for EUR, JPY, Apple, Amazon, and more in this video!
USD: forecast for May 22-16
US dollar had the worst week in 9 months. The greenback was hit hard by the political turmoil in the United States. The hype was caused by Trump's firing of former FBI director James Comey, allegations he pressed Comey to stop investigating his former national security chief, and his campaign's alleged ties with Russia. There are concerns not only that the President may be impeached, but also that the fiscal stimulus he promised will be unlikely anytime soon.
This week, we will continue monitoring the developments in the stock and commodity markets as tensions between Ukraine and Russia and Fed’s tightening cycle remain the main issues driving the markets.
Watch the video to discover what's happening with US500, Japanese yen, US dollar, gold, oil, and gas.
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.
This week, the majors will be affected by the interest rate decision by the Federal Reserve, NFP, the BOE Meeting, and more events.