Global market sentiment mostly deteriorated last week, with key benchmarks worse in North America and Europe. On top Wall Street, Dow Jones, S&P 500 and Nasdaq The composite fell by about 0.6%, 1% and 1.9%, respectively. It’s like FTSE 100 and DAX 30 weakened by 1.6% and 0.9%, respectively. In Japan Nikkei 225 was able to maintain 0.2% growth.
Risk aversion meant that investors rallied to the safety of government bonds, getting treasury prices higher as yields fell. Port related US dollar was a clear benefactor, surpassing most of his main colleagues except New Zealand Dollar and Japanese yen. Hawk RBNZ rate the decision and New Zealand’s higher CPI data confirmed Kiwi Dollar.
Related to growth crude oil prices were also under pressure in the midst of the emerging Delta variant, which is weighing on the market, in the wake of OPEC + output uncertainties and growing Covid cases. Gold prices managed to end the week a little higher as Fed chairman Jerome Powell’s still dovist comment poured cold water on another higher-than-expected inflation report.
Above, the economic dock fades. The main developments include the current earnings per share statements and the ECB’s monetary policy announcement Euro. Technology companies remain in the midst of perceived high ratings, with Intel, Netflix and Twitter reporting. EUR / USD For ECB policymakers, some volatility in the targeting of incentives may differ.
British Prime Minister Boris Johnson plans to lift the pandemic restrictions on Monday British pound. Bitcoin observers should be aware of the cryptocurrency event on Wednesday. Elon Musk, Jack Dorsey and Cathie Wood are ready to discuss them during this event. What is left in the financial markets in the coming week?
The Governing Council will issue a new statement on monetary policy in the euro area next Thursday, which is likely to cause further damage to the euro.
The spectacular rally in the Nasdaq 100 index is facing a reality check this week as IBM, Netflix, Intel and Twitter publish the results. Do they offer positive surprises?
The cryptocurrency market remains under pressure and appears to be primary for testing recent support levels
Fluctuations in risk assessments could affect the price of gold if the Federal Reserve enters a blackout period before the 28 July interest rate cuts.
USD / CAD has been strong recently, but will soon be put to the test due to the high resistance to confluence.
The multi-week consolidation will set the July opening period just above the uptrend – a breakthrough is coming soon. Here are the important levels for GBP / GBPUSD weekly technical.
The Australian dollar there may be more room to give as it is targeted lower than at the beginning of this year. AUD / USD, AUD / JPY, AUD /CAD and GBP / AUD has focused on key technical breakthroughs.
Technical outlook WTI crude oil remains positive, but for the bullish scenario to work in the short term, prices need to remain above the $ 70.00 range above cluster support.