Markets Weekly Outlook – ‘Magnificent 7’ Earnings, BoJ Meeting and US Jobs Data

A week packed with central bank decisions starts on a mixed note after hotter-than-expected US inflation sent the US 2-year yield around 25bp higher over the week and the 10-year yield spiked past the 4.30% mark. Stocks resisted to higher yields for the major part of the week, but the mood was not brilliant on […]

Gold has been behaving erratically, having had a positive and negative correlation with global risk appetite in recent days. On Friday, the price set an all-time high above $2430, losing $100 before the end of that day, nullifying the most furious final part of the rally within four hours. The final sell-off was in unison […]

Key Highlights USD/JPY is correcting gains from the 148.80 resistance zone. A key bullish flag is forming with resistance near 147.80 on the 4-hour chart. EUR/USD is gaining bearish momentum below the 1.0820 support. Gold prices could attempt a steady increase above the $2,050 resistance. USD/JPY Technical Analysis The US Dollar rallied above the 146.20 […]