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Weekly Forecast

EUR/USD: US Dollar meant to keep rallying despite expected ECB hike

The EUR/USD pair edged lower and settled around 1.1550, trading at levels last seen in early April. Market participants finally gave up on optimism, with a combination of war-related fears and upbeat United States (US) data boosting the US Dollar (USD) demand by the end of the week.

The US economy defies the rules: 100 days into the Oil shock and the recession signal is still missing

More than three months after the start of the Iran war and the resulting disruption to global energy markets, the US economy continues to display remarkable resilience. The conflict has triggered a sharp rise in Oil prices, reignited inflationary pressures and fueled widespread concerns about a potential economic slowdown.

US Dollar: In the labour market we trust

Gold: Strong US labor market weighs heavily as Middle East uncertainty lingers

Following the previous week’s indecisive action, Gold (XAU/USD) remained stuck in a relatively tight range for the majority of the week before falling sharply on Friday as markets reacted to the persistent Middle East uncertainty and impressive macroeconomic data releases from the US.

Bitcoin: After the bloodbath, everyone looks at $60,000

Bitcoin (BTC) hovers above $62,000 at the time of writing on Friday, weighed down by growing risk-off sentiment due to persistent geopolitical tensions in the Middle East and sticky macroeconomic uncertainty. The institutional sell-off continued to wreak havoc on capital flows, with spot Bitcoin Exchange-Traded Funds (ETFs) recording billions in outflows.

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