Last week, global stocks posted gains while the US dollar slides as the recent rally takes a pause as optimism grows for inflation to continue to come down. This week, markets will now turn their attention to the U.S. inflation data that might influence the Federal Reserve’s decision on whether to act more aggressively. Economists predict an annual increase of 8.1 percent compared to the 8.5 percent rise recorded in July. On the other hand, China’s latest CPI data showed that inflation slowed in August, inflation declined to 2.5% on the year from 2.7% in July.
On the earnings front, the companies scheduled to release their last quarter financial results this week will be Oracle and Adobe.
Check out the detailed weekly analysis here - https://gulfbrokers.com/en/weekly-review-gold-usd-eurusd-and-dow-jones-47