Weekly review: Gold, USD, EURUSD and Dow Jones

The focus of the market this week will be the speech of the Federal Reserve chair Jerome Powell for cues on interest rate hikes and the state of the economy. Powell testifies before Congress on Tuesday and Wednesday. Anything suggesting more aggressive tightening, and thereby adding to fears over a global economic slowdown, is negative for risk appetite.

On the other hand, meetings of major central banks with RBA, BOC and BOJ on the horizon return this week. Investors will also be keeping an eye on the Eurozone GDP on Wednesday as well as the US nonfarm payroll data for February on Friday.

On the earnings front, the companies scheduled to release their last quarter financial results this week will be Crowdstrike, Gap and Oracle.

Check out the weekly analysis here➡️ https://gulfbrokers.com/en/weekly-review-gold-usd-eurusd-and-dow-jones-70