Weekly review: Gold, USD, EURUSD and Dow Jones

Global markets have started the new week on a volatile note.

Gold price pushes above $1770.
EURUSD stays above 1.0250.
DXY extends the drop.
Dow futures flat ahead of ISM PMI data.

Last week, most of the major global stock indices and precious metals ended in positive territories after the latest FED chair Jerome Powell’s comments indicated that the Fed will reduce the pace of rate hikes in order to ease the pain of the economic contraction. This week’s economic calendar is packed with important events which include the US employment report and the OPEC+ meeting. On the other hand, this week we see interest rate decisions from the Reserve bank of Australia on Tuesday and the Bank of England on Thursday.

On the earnings front, the companies scheduled to release their last quarter financial results this week will be Airbnb, Uber, Pinterest, AMD, Starbucks and Moderna.

Read the detailed weekly analysis here- https://gulfbrokers.com/en/weekly-review-gold-usd-eurusd-and-dow-jones-41

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