Globally, the markets were cautious last week driven by hawkish comments from ECB and FED policymakers. Moving ahead to the last week of this month the investors and traders have become increasingly concerned about several ongoing issues including rising inflation pressures and China’s worsening Covid situation. On the other hand, this week Investors will likely keep a look at the economic releases which include the Bank of Japan rate decision, Eurozone and US GDP and US PCE index data.
DXY touched a fresh 2-year and hovers near the trendline resistance.
EURUSD plunged while trade near the demand zone.
Dow Jones slightly rebounded ahead of big earnings week while gold price remains under pressure.
Read the detailed weekly market review here- https://gulfbrokers.com/en/weekly-review-gold-usd-eurusd-and-dow-jones-27
