Dow Jones, US dollar, gold price, Fed, sentiment


The Dow Jones, S&P 500 and Nasdaq Composite erupted last week as a report on the eruptions defied the least dismal projection of economists. More than 2.5 million non-agricultural payrolls were added compared to -7.5 million expected. The US unemployment rate even fell to 13.3% from 14.7% previously. Analysts were looking for an increase to 19.0%.

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This meant a terrible week for the US dollar tied to paradise, as it plunged to its cheapest average price since early March. Australian and New Zealand sentiment-related dollars exploded higher, testing peaks set earlier this year. Longer term Treasury yields have increased, reflecting growing confidence that has weighed on anti-fiat gold prices.

So far, fears of a second wave of coronavirus and escalating US-Chinese tensions have taken precedence. Next week, all eyes are on the Federal Reserve’s monetary policy announcement as countries around the world continue to slowly lift the foreclosure measures. The main policy parameters of the central bank are expected to remain unchanged, with traders eyeing economic assessments.

Crude oil prices have the OPEC + weekend meeting for support as the commodity production deal could extend the limits of record production. Brexit talks are also continuing for the fate of the transition period. Traders may also look for signs of growing confidence at the end of the week, when the world’s largest economy releases preliminary sentiment data for June.

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Basic forecast:

Euro forecast: Prospects for EUR / USD still bullish, more stimulation expected

The European Commission proposal € 750 billion in stimulus packages for the EU economy will be on the agenda for the coming week, which will likely keep the EUR / USD on an upward trajectory.

Crude Oil Prices Prepare for OPEC + Meeting as Demand in the United States and China Rises

Crude oil prices await an OPEC + meeting where record production declines could be extended as energy demand from the United States and China continues to recover. What could be the downside risks?

USD / MXN Outlook: Profit-taking, FOMC and more real-time economic data

Mexican peso has another bumper week against the dollar, but profit-taking could dampen further losses

Gold price outlook: Gold tumbled lower due to record job creation in the United States

Gold fell sharply after the latest US non-farm payroll report showed that 2.5 million jobs were created in May, breaking expectations of an 8 million loss.

AUD / USD rallies at annual opening before FOMC rate decision

Australian dollar returned to open annual highs, seemingly dismissing imminent start of first Australian recession in 29 years

Nasdaq 100, DAX 30 and FTSE 100 forecasts: will the recovery continue?

On Friday, the Nasdaq reached new heights despite an increasingly complicated fundamental landscape as President Trump launched the idea of ​​car tariffs in the EU. What impact could this have on the week ahead?

Technical forecast:

US dollar recovery could jeopardize gains in AUD / USD and EUR / USD

The greenback could gain ground against the Australian dollar and the euro in the coming week after an aggressive fight that pushed the USD index to an 11-week low.

Gold forecast: 2012 peak remains on radar as price holds up may vary

Gold prices may continue to show bullish behavior in June as the decline from the annual high ($ 1,765) reverses before the May low ($ 1,670).

Yen price outlook: USD / JPY explodes, AUD / JPY extends recovery of V

JPY price action is further weakening as the Japanese yen continues to crumble against its US and Australian dollar peers. Can the USD / JPY and AUD / JPY spot continue to climb or is the rally overrated?

Crude Oil Outlook: Large Gaps and Resistance Levels Ahead

Oil continues to recover and may have more leeway, but traders will want to keep an eye out for a few important technical thresholds.

S&P 500, Nasdaq 100, FTSE 100 Technical outlook for next week

S&P 500 bulls at the controls, the Nasdaq 100 produces a recovery in the form of “V”, while the FTSE 100 extends the recovery

British pound price outlook: pound leaps into critical resistance to Fibonacci

The pound has risen more than 11% against the US dollar since the March trough, with prices now testing key confluence resistance. Here are the levels that count on the technical sheets.

Euro technical forecast: EUR / USD, EUR / JPY, EUR / GBP, EUR / CHF

The risk rally continued dramatically this week and the euro bulls remained in charge against the US dollar and the Japanese yen.


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