Shares on top Wall Street ended mostly with an optimistic momentum last week S&P 500 and the Dow Jones Industrial Average increases by about + 0.71% and + 0.87%, respectively. It was a technology sector that was worse Nasdaq The composite drops by about -0.09%. The initial rise in government bond yields helped strengthen cyclical stocks, but the story reversed slightly on Friday.
The worst consumer sentiment in Michigan since 2011 has cast doubt on the US economic recovery, despite a recent rosy report on non-farm payrolls. The US dollar got hit, outperforming its main counterparts less. The decline in global productivity was relatively beneficial on Friday Japanese yen, which surpassed peers for the week’s end.
Gold prices they also quickly took advantage of the weaker US dollar and declining government bond yields, reversing the crash experienced earlier last week. Related to growth crude oil price remained under pressure. The continued rise in Covid cases amid the more contagious Delta variant is dampening global growth expectations.
The New Zealand Dollar may be a closely watched currency next week, as the RBNZ is expected to raise interest rates by 25 basis points, the first in the developed world since the start of the pandemic. Traders want to see with interest how far the central bank can take monetary restrictions in the near future, which also leaves room for disappointment when the pace is much slower.
All eyes move, too FOMC minutes of meetings where the central bank could reaffirm its confidence in the broader economic outlook. If such a result leads to higher treasury yields again, the Dow Jones could outperform. USD / CAD views Canadian CPI data together AUD / USD looking at Australian employment data. What else can the markets expect next week?
US DOLLAR WEEK RESULT AGAINST VALUES AND GOLD
The Dow Jones and S&P 500 rose as the Nasdaq 100 reached the range. Treasury interest rates appear to be on the rise, with shares looking at Fed chairman Jerome Powell, FOMC minutes and US retail data.
Stronger GDP growth in the United States this year than in the euro area and earlier tightening of US monetary policy are likely to continue to put pressure EUR / USD, brought it to its new lowest level in 2021.
Gold interrupts the turn of the key, the resistance is likely to be limited. Fed officials are talking about narrowing.
Bitcoin is ready to print its fourth weekly green candle, for the first time since the end of January, when prices rose to an all – time high in a few weeks.
The Australian dollar continues to face headwinds on a number of fronts, with risky assets, the RBA / Fed ‘s narrowing plans and China’ s repression diverging.
GBP ends the week with mixed performance as July jobs focus on CPI and PPI data next week
The beach is heading for the week, with a strong focus on local economic data and the upcoming FOMC meeting, which could provide indicative biases in the near future. USD / ZAR
The dollar ended at an impressive pace last week, reversing from 93.20 for the DXY and 1.1700 for the EURUSD. While the ranges see a more feasible path next week, it’s important to choose the right size.
US stocks rose again this week to an all-time high in the Dow and S&P 500.
Gold bulls regain confidence after a brutal flash as concerns about the Delta variant deepen. Can bulls break over $ 1,800?
Crude oil prices defended critical support for the second time this week – the bears are attentive. These are important levels in WTI’s weekly technical schedule.
The Australian dollar faces real trade provisions against the US dollar, the British pound and the Japanese yen. Here are the levels to look at.
A negative slope of the 50-day SMA (1.3884) leads to a harsh outlook GBP / USD in the midst of failed attempts to push above the moving average.