Weekly review: Gold, USD, EURUSD and Dow Jones

Weekly review: Gold, USD, EURUSD and Dow Jones

This week, all eyes will be on the US inflation data to gain further clarity into whether the inflation peaked, with many fearing a more severe recession on the horizon. The inflation data might influence the Federal Reserve’s decision on whether to act more aggressively.

Weekly review: Gold, USD, EURUSD and Dow Jones

Weekly review: Gold, USD, EURUSD and Dow Jones

Globally, the markets were cautious last week driven by hawkish comments from ECB and FED policymakers. The ECB and FED signalled that they would continue to raise rates to crush inflation. The main attraction for this week is Investors waiting for the US GDP and durable goods orders data, which could trigger volatility in the market.