(MENAFN- DailyFX) US DOLLAR WEEKLY PERFORMANCE AGAINST CURRENCIES AND GOLD Fundamental Forecasts:
Australian Dollar Forecast: Will the RBA Hike? If So, AUD/USD Still Faces Roadblocks
The Australian Dollar underperformed against the US Dollar last week despite a hotter-than-expected local CPI report. Could an RBA rate hike revive AUD/USD bulls?
British Pound Forecast – The bank of England is Walking a Tightrope
Next week the Bank of England have to show the market that they are in control of runaway inflation and sagging growth. And that's not an easy task.
S&P 500 & FTSE 100 Forecast For The Week Ahead
S&P 500 posts worst month since 2020 Covid crash. All eyes on Powell for direction
US Dollar Fundamental Forecast: Rally May Fade on Fed Balance Sheet Announcement
The US Dollar's impressive run may be interrupted by the upcoming FOMC policy decision, but a pullback may be short lived as an expected balance sheet reduction plan could strain liquidity in markets
Oil Price Forecast: WTI and Brent Biased Higher as Supply Fears Remain at the Fore
Oil is likely to remain supported in the short term amid expectations Europe will soon announce a plan to ban Russian oil imports and bets that the JCPOA nuclear deal will not be reinstated soon.
Euro Forecast: EUR/USD Selloff Stalls Ahead of Fed Rate Decision
The Federal Reserve interest rate decision is likely to sway EUR/USD as the central bank is widely expected to normalize monetary policy at a faster pace.
Technical Forecasts:
S&P 500, Nasdaq 100, Dow Jones Forecast for the Week Ahead
The stock market remains vulnerable to more selling; support lies below, but any bounce from here is viewed as likely to get sold.
Crude Oil Remains Conflicted by Key Technical Levels
An uncertain geopolitical backdrop continues to support both WTI and Brent but technical levels provide an additional catalyst for Oil prices.
US Dollar Technical Forecast: DXY Exhausts into 19-Year Highs
US Dollar surged for a fourth consecutive week before pulling back from fresh multi-year- exhaustion into May? The technical levels that matter on the weekly chart.
Gold Price Forecast: Gold Prices Peer Over the Ledge as Bears Brews
Gold prices saw rejection on Friday at a key level and given next week's economic calendar, bears may not be finished yet.
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