Globally, the markets were cautious last week driven by hawkish comments from ECB and FED policymakers. The big central banks like the Bank of England, the European central bank, the Swiss national bank and the US Federal Reserve all raised the key interest rates last week. The ECB and FED signalled that they would continue to raise rates to crush inflation. Meanwhile, New York Fed President John Williams said on Friday it remains possible the U.S. central bank will raise rates more than it expects next year.
This week Investors will likely keep a look at the economic releases which include the Bank of Japan rate decision, US durable goods orders, US GDP and US PCE index data.
On the earnings front, the companies scheduled to release their last quarter financial results this week will be Nike, Micron and FedEx.
Check out the detailed weekly analysis here📊 - https://gulfbrokers.com/en/weekly-review-gold-usd-eurusd-and-dow-jones-60