Despite the Fed’s failure to change monetary policy, cooling down faster-than-expected expectations, global market sentiment ended in a slump last week. On top Wall Street, Dow Jones, S&P 500 and Nasdaq The composite was sealed at -0.36%, -0.37% and -1.11%, respectively. European stocks were mixed. Dax 30 closed -0.8% FTSE 100 net little changed.
In the Asia-Pacific region, it was much worse. Beijing’s crackdown on technology and education companies caused regional stocks to fall. The CSI 300 and Hang Sendi index closed at -5.46% and -4.98%, respectively. Rising Covid cases, in the midst of the emerging more contagious Delta variant, pose a threat to global growth.
However, it has to do with asylum US dollar ended lower, which was likely hampered by the continued decline in government bond yields after the Fed, as US second-quarter GDP data met expectations. This dynamic was particularly useful Swiss franc and Japanese yen. Meanwhile, the Chinese push curb steel output to reduce pollution, iron ore futures were brought to a 3-month low. Australian dollar roughly.
A handful of important economic events are on the horizon next week. Australian dollar and British pound monitors RBA and BoE, respectively. Both central banks may temporarily disregard recent inflationary pressures. The RBA could lower the economic outlook as closures continue in some countries.
At the end of the week, the US and Canada will announce Greenback and Loonie accordingly. Economists seem to be overestimating the health and strength of the U.S. economy right now, opening the door to disappointing data on expectations for the coming week. Will this trend continue and what other significant risks need to be monitored in the coming week?
US DOLLAR WEEK RESULT AGAINST VALUES AND GOLD
The US dollar fell last week after the Federal Reserve reassured the schedule of negotiations. Friday’s non-farm payroll indicator may rise again USD bets if it’s impressive.
Tech stocks pulled back from record territory after Amazon released soft Q3 guidance. Pandemic winners see their growth rates normalize in the second half of the year, limiting the Nasdaq 100’s growth potential.
Last week’s march higher EUR / USD may be further extended after the euro area economic statistics on Friday, which is likely to make the ECB more accommodative in monetary policy.
A strong Covid-19 vaccine program reduces the risks of the Delta variant. BoE’s optimism about the economic recovery is growing.
The Australian dollar is vulnerable in the coming week, watching risks such as the terrible RBA, the booming Covid case and the recent repression in Beijing. Maybe the US NFP -d provide relief AUD / USD?
USD / MXN falls back to its recent range as investors expect further guidance based on economic data
The technical configurations of the Nasdaq 100 and Russell 2000 are significantly different, but traders in both indices may find cause for optimism.
Recent price activity in the US Dollar Index (DXY) gives Greenback a tough outlook as it prolongs the series of lower highs and lows earlier this week.
Gold teased the break this week, but the bulls quickly retreated. Does the continued refueling of the treasuries reveal anything remarkable?
The cable pulls off after a heavy run; Short-term weakness may be an issue before trying the rally again.
USD /CAD has bounced off the main support area on Friday and could potentially charge a higher fee next week as risk aversion to fears of coronavirus has begun to dominate the market.
The Australian dollar fell for the fifth week in a row, but kept the downward trend low every year. AUD / USD weekly technical chart levels in August.