A week ahead preview: Traders are hungry for a peace treaty, after a rollercoaster week. Get ready for the upcoming week by looking at the past week's Market performance, what changed and the key events to expect in next week)
Analysis of the ECB’s dilemma as persistent inflation in the eurozone’s largest economies raises the possibility of a June rate hike despite weaker growth prospects.
Indices
S&P 500, Dow Jones, Nasdaq Analysis and Trading Levels: US stock benchmarks surge toward uncharted territory as a massive wave of geopolitical optimism sweeps Wall Street. Fueled by reports of a Qatari negotiating team arriving in Tehran to help secure a US-Iran peace deal, crude oil prices are sliding lower, allowing the Dow Jones, Nasdaq, and S&P 500 to resume their relentless bullish expansion. Explore the intraday technical levels for the Dow, Nasdaq, and S&P 500.
USD/JPY Technical Analysis: The Japanese Yen faces fresh capitulation risks as Japan's April core CPI drops to a dovish 1.4%, well below the Bank of Japan's 2% target. Driven by domestic fuel subsidies masking Middle East oil shocks, the stark policy divergence with a hawkish Federal Reserve has pushed USD/JPY perilously close to the historic 160.00 handle. Explore our comprehensive technical breakdown and FX intervention outlook.
Crude Oil prices are hovering near 10-day lows, with upside attempts limited below the $98.00 line on Friday, on track to a nearly 4% weekly decline.
Commodities
Gold (XAU/USD) trades lower for the second consecutive day on Friday, but remains contained within previous ranges, with downside attempts limited above the $4,500 line for now.
Commodities
Silver price (XAG/USD) faces selling pressure near $76.00 during the European trading session on Friday. The white metal trades lower due to uncertainty over whether the United States (US) and Iran will reach a deal.
Indices
Deutsche Bank’s Jim Reid notes that improved sentiment around a potential Iran deal helped the S&P 500 recover earlier losses and close slightly higher.
Forex
Here is what you need to know on Friday, May 22:
Forex
AUD/USD extends its losses after a slight decline in the previous day, trading around 0.7140 during the Asian hours on Friday.
