Weekly Market Breakdown: Forex, Oil, Yen, Indices, Crypto and More | Trade Zone with Joe Jeffriess
Welcome, and thank you for joining us for this week’s recap. It’s been a busy week with notable events such as AU CPI falling short of expectations, unchanged US rates, and the Fed dismissing the possibility of a rate cut in March. Similarly, UK rates remained unchanged, and all eyes are on today’s job data for potential market impact.
Throughout the week, we delved into various markets including FX, commodities, indices, and cryptocurrencies, analyzing their movements and highlighting key observations. We’ve also identified downtrend positions and levels as per our usual practice.
As we move forward, we’re curious: Will major indexes continue their upward trajectory, reaching new records? Can we expect the recent bearish trend of the USDX to persist? And are some of the major cryptocurrencies beginning to stabilize after finding short-term lows?
Next week, traders will be watching Australian interest rates, New Zealand Employment, Chinese CPI, and Canadian employment data.
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