US CPI, PPI, Gold & AUD Indexes firm, EUR lower | Trade Zone with Joe Jeffriess
Thanks for checking out this week’s wrap-up.
In this week’s video, we look at a selection of major markets as we break down their charts this week and focus on the current price action, including the support and resistance levels, to look out for.
Mixed messages this week, traders. Some did what you would expect, while others did not. The USD jumped to new monthly highs, and the GBP and EUR fell, but Thursday’s data showed a mixed bag with higher PPI and retail sales but higher AU employment data.
The AUD held and rallied to the USD and JPY. Gold and silver also performed well when you might think they could drop.
Despite the higher CPI data, stock indexes fared well, and some crypto coins pulled back losses. Oil is and continues to be a story as it extended gains again this week, hitting the 90s.
Next week looks busy again with the UK CPI, the FOMC and Flash PMI data coming out from the EU, Germany, France, the UK and the U.S.
Weekly Wrap Video
Have a great weekend.
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