(MENAFN- DailyFX) US DOLLAR PERFORMANCE VS. CURRENCIES AND GOLDFundamental Forecasts:
Gold Prices Set to Move Higher in the Week Ahead After NFP Data Cools FOMC Bets
Gold prices fell last week but managed to trim losses on Friday after the US jobs report cooled FOMC rate hike bets, pushing Treasury yields lower. A light economic docket may extend XAU's Friday gains.
Australian Dollar Outlook: Data is Mixed but Lead Looks Ominous
The Australian Dollar has tanked in the aftermath of a hawkish Federal Reserve and Chinese growth concerns ahead of the RBA meeting. Will higher interest rates boost AUD/USD ?
USD Weekly Forecast: Solid Jobs Report Supportive of U.S. Dollar and 75bps Rate Hike
USD enters the week on a firm footing as the US Dollar Index (DXY) anticipates the ECB interest decision on Thursday.
Euro ( EUR) Forecast – The ECB Needs to Ramp Up Interest Rates and Fast
The European Central Bank needs to hike interest rates by 75 basis points at next week's meeting and confirm that it will continue to tighten monetary policy to throttle back runaway inflation.
British Pound (GBP) Forecast: Sterling's Slide May Continue as New Prime Minister Faces Immediate Tests
Sterling remains under severe pressure due to a combination of factors that may be compounded by a new Prime Minister.
Bitcoin & Ethereum Forecast for the Week Ahead
Bitcoin struggles to gain topside traction. Ethereum is vulnerable to a Merge buy the rumour, sell the fact
S&P 500, Nasdaq 100 Forecast for Week Ahead: Path Higher Difficult but Possible
The S&P 500 and Nasdaq 100 may find some support in the fact that the US economy remains resilient and that inflationary pressures are beginning to ease more quickly than initially expected.
USD/CAD Rate Outlook Hinges on BoC Interest Rate Decision
The Bank of Canada (BoC) interest rate decision may keep USD/CAD afloat as the central bank is expected to adjust its approach in combating inflation.
Technical Forecasts:
Pound Weekly Forecast: Cable Eyes Pandemic Low, EURGBP at Resistance
Pound selling has only gained momentum and looks to continue into next week. Cable slumps towards levels not seen in 37 years while EUR/GBP flatters a beleaguered euro
US Dollar Technical Forecast: USD Rips Towards Uptrend Resistance
US Dollar rallied 0.7% for a third weekly advance with DXY approaching uptrend resistance early in the month. The levels that matter on the weekly technical chart.
Canadian Dollar Forecast: Tactical Opportunities Aplenty Despite Robust USD Strength
Multiple Canadian Dollar crosses are approaching key technical areas as sentiment and USD strength weigh heavily. These are the levels to watch.
Gold Price Forecast: Gold Holds Support as Silver Slides to Two-Year Lows
Gold and Silver have suffered big blows throughout the year as USD strength continues to run. In Gold, the $1700 level came in as key support this week – but can it hold for long?
Japanese Technical Outlook: USD/JPY, EUR/JPY, AUD/JPY, CAD/JPY Prepare for More Gains?
The Japanese Yen is under pressure with pairs like USD/JPY , EUR/JPY , AUD/JPY and CAD/JPY either pushing past or pressuring resistance. Is more pain in store for the Yen ahead?
S&P 500, Nasdaq 100, Dow Jones Forecast for the Week Ahead
It was a brutal week for stocks with a glimmer of hope from Thursday evaporating on Friday. With a hawkish Fed in focus, equities remain in a vulnerable state.
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