Watch S&P 500 earnings this week: Gold climbing on Ukraine/Russia tension [Video]
|Welcome to this week’s Market Blast Fundamentals.
I’m Brad Alexander and, on behalf of Valutrades, today we will take a look at EURUSD, USDNOK, Gold (XAUUSD), the DJIA (US30), and the S&P500 (US500).
The S&P 500 has fallen back to an important technical level and we will look at this tomorrow.
This week, however, we will see earnings reports from large institutions like Goldman Sachs, Proctor & Gamble, Bank of America, and Morgan Stanley so we may get a rebound in the S&P 500 and the Dow Jones Industrial Average.
…or we may see more bad news as the markets are already considering that the US Federal Reserve will raise Interest Rates in March.
Gold is still climbing, probably based on the Ukraine/Russia tensions, so any news, good or bad, will affect price action on XAUUSD.
We have two Interest Rate decisions this week: one tomorrow from Japan and another Thursday from Norway so we might want to watch for volatility on USDNOK.
Also, investors will be listening to Christine Lagarde on Friday as European Inflation is becoming a big problem and the ECB may have to consider raising Interest rates sooner than 2023.
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