US30, Gold, and GBP/JPY weekly outlook [Video]

Vrajeshwari Bhardwaj SharmaFX

This is a weekly outlook, explaining the key fundamentals driving the markets and the key technical levels to watch in the coming week for US30, Gold, and GBP/JPY.

Author

Vrajeshwari Bhardwaj

SharmaFX

Vrajeshwari started SharmaFX in 2020. She holds a BA in Economics with a minor in Finance from San Jose State University. She is also pursuing an MS in Analytics with a concentration in International Economics and Markets from American University.

EUR/USD turns negative near 1.1850

EUR/USD has given up its earlier intraday gains on Thursday and is now struggling to hold above the 1.1850 area. The US Dollar is finding renewed support from a pick-up in risk aversion, while fresh market chatter suggesting Russia could be considering a return to the US Dollar system is also lending the Greenback an extra boost.

GBP/USD change course, nears 1.3600

GBP/USD gives away its daily gains and recedes toward the low-1.3600s on Thursday. Indeed, Cable now struggles to regain some upside traction on the back of the sudden bout of buying interest in the Greenback. In the meantime, investors continue to assess a string of underwhelming UK data releases released earlier in the day.