Global stocks lagged and the dollar advanced in volatile markets on Monday as the investors widely expected the Fed to raise the interest rate aggressively in September, despite the mixed employment data. The US employment report showed the economy generated 315,000 nonfarm payrolls (NFP) in August, versus the 300,000 expected while the unemployment in the US rose to 3.7% in August.
This week’s main events in monetary policy are the meetings of the Reserve Bank of Australia, Bank of Canada and the European Central Bank. However, eyes are mainly on the European central bank this week as the central bank is expected to raise interest rates by 0.75% this week due to the rise in eurozone inflation to a record 9.1%.
On the earnings front, the companies scheduled to release their last quarter financial results this week will be GameStop, Nio and American Eagle.
Check out the detailed weekly analysis here - https://gulfbrokers.com/en/weekly-review-gold-usd-eurusd-and-dow-jones-46