The Australian Dollar rollicked through the week, with CPI coming in high but below expectations before the Fed and US GDP decimated the US Dollar, lifting AUD/USD.
The Nasdaq 100 outperformed as the US Dollar fell and gold prices gained. Markets are looking forward to a 2023 Fed pivot, but will the central bank disappoint those expectations in the week ahead?…
WTI prices have declined rather significantly as recession concerns build despite supply remaining extremely tight. Next week’s Fed rate hike could add to that
USD/JPY has risen sharply this year, but it may soon begin to correct lower on signs that Fed hawkishness has peaked amid rapidly slowing U.S. economic activity.
Gold prices rallied this past week, but markets might be getting ahead of themselves. A hawkish Federal Reserve, US GDP and PCE data could weigh against XAU/USD in the week ahead.