(MENAFN- DailyFX) US DOLLAR PERFORMANCE VS. CURRENCIES AND GOLD Fundamental Forecasts:
US Dollar Forecast: Will Another Non-Farm Payrolls Print Offer a Tight Labor Market?
The US Dollar is regaining upside moment against the backdrop of Fed hawkishness, quantitative tightening and market volatility. Another tight non-farm payroll report may offer the same.
Euro Price Forecast: Hawkish Powell Sees Reemergence of Central Bank Divergence Narrative for EUR/USD
EUR/USD goes into the week with markets knowing the Fed's aggressive outlook while the EU continues to be plagued by an energy crisis as we head into winter.
British Pound (GBP) Forecast: GBP/USD Plagued by Soaring Inflation, Energy Prices
UK consumers and businesses are facing escalating energy bills in the coming months, leaving the UK economy and the British Pound facing an unstable future.
Dow Jones and S&P 500 Cratered on Powell Comments - APAC and EU Stocks Likely to Follow
The Dow Jones Industrial Average and S&P 500 cratered after Fed Chair Powell's Jackson Hole speech. Asian and European stocks are likely to feel the pressure this week.
Australian Dollar Outlook: RBA in the Shadow of the Fed for Now
The Australian Dollar had a whippy week after Chinese stimulus plans were over wrought by a Federal Reserve that got tough talking around a campfire in a ski resort.
Bitcoin, Ethereum Sell-off Deepens as Fundamentals Drive Crypto Lower
Bitcoin , Ethereum and alt coins ruined by Fed Chair Jerome Powell's speech that sent cryptocurrency and risk assets into a sea of red. Next up is ISM and NFP , two big data points for risk aversion.
Canadian Dollar Forecast: USDCAD Points Higher Following Jerome Powell's Jackson Hole Speech
Following Jerome Powell's hawkish Jackson Hole speech, USDCAD points higher toward 1.3100. Upside could be limited on oil strength.
Technical Forecasts:
US Dollar Technical Analysis: EUR/USD, GBP/USD, USD/CAD, USD/JPY
It was a wild week in the US Dollar but bulls continue to brew as Powell takes another hawkish step. The bigger question is whether EURUSD will plunge far below parity.
S&P 500, Nasdaq 100, Dow Jones Forecast for the Week Ahead
Stocks got hit hard on Friday on the back of a hawkish Powell at Jackson Hole; the overall outlook has been negative this just adds to it.
Crude Oil Forecast: WTI Under Pressure as 95.00 Key Level and 200-SMA Provide Technical Hurdles
WTI struggled to hold on to early gains this week as technical hurdles came into play. The 95.00 level provides a host of confluences that threaten to derail any further upside in the week ahead.
Gold and Silver Technical Forecast: Precious Metals at Risk
Gold's recent advance was capped at the 50 SMA while silver approaches a significant zone of support, where a possible break below, highlights levels last seen in 2020
USD/JPY Outlook Remains Constructive amid Positive Slope in 50-Day SMA
USD/JPY may continue to exhibit a bullish trend as the exchange rate appears to be tracking the positive slope in the 50-Day SMA (135.74).
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