Forecasting the upcoming week: US CPI, US-China trade and PMIs remain on top of the agenda
Despite Friday’s decent rebound, the US Dollar (USD) ended the week on the back foot, extending the rejection from previous multi-week highs.

Despite Friday’s decent rebound, the US Dollar (USD) ended the week on the back foot, extending the rejection from previous multi-week highs.
The Pound Sterling (GBP) found fresh buyers once again near the 1.3250 area when compared with the US Dollar (USD), pushing GBP/USD higher toward the 1.3500 threshold.
The EUR/USD pair started the week on the wrong footing, as a dismal market mood benefited the US Dollar (USD). The pair, however, quickly changed course as turmoil came from the United States (US).
Gold’s (XAU/USD) parabolic rally showed no signs of slowing down and lifted the price to a new record-high above $4,370 on Friday before correcting lower.
United States (US) President Donald Trump told Fox Business Network on Friday that a 100% tariff would not be sustainable and added that they have to have a fair deal with China.
The NASDAQ 100 continues to face strong resistance at the 25,000 level, with market momentum hinging on the performance of the Magnificent 7 tech stocks.