Global markets ended mixed on Friday after the release of stronger-than-expected US Non-Farm payrolls data. The Bureau for Labor Statistics said 528,000 new jobs were created last month, compared to a market expectation of 258,000 and the unemployment rate down to 3.5%.
This week the economic data is relatively limited, but the significant geopolitical and recession tension in the markets may continue, and we may see violent movements in the precious metals and currencies. The week all eyes will be turning to the U.S. Consumer Price Index report scheduled to be released on Wednesday will show whether the U.S. economy got any relief in July from surging inflation.
On the earnings front, the companies scheduled to release their last quarter financial results this week will be Palantir, Rivian, Walt Disney, Roblox and Coinbase
Check out the detailed weekly analysis here - https://gulfbrokers.com/en/weekly-review-gold-usd-eurusd-and-dow-jones-42