The US dollar experienced a sell-off followed by a rally, reaching 104 against the DXY index. The changing fundamental backdrop, including a slowdown in job growth and cooling inflation, worked against the dollar.
The pressure on US indices intensified, with the S&P500 and Nasdaq100 closing below their 200-day moving averages, signalling a bearish market regime.
Gold prices reached all-time highs, above $3000 per troy ounce, due to speculation around low interest rates and weak economic conditions.
The crypto market declined but showed signs of stabilizing towards the end of the week.
Economic data and key central bank decisions are anticipated, including US retail sales, the Bank of Japan, Fed, Swiss National Bank and Bank of England key rate decisions are expected to move markets.
The new week will be packed with economic data and decisions from key central banks.…
Despite economic factors working against the dollar, its oversold condition helped it this week or…
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