Markets Week Ahead: FOMC, Apple, Amazon, USD/JPY, Gold, and USD Outlooks

Markets Week Ahead - W/C April 29th - FOMC, Apple, Amazon, USD/JPY, Gold, and USD Outlooks

You tin download our Q2 US Dollar Technical and Fundamental Forecasts for escaped below

• FOMC and NFPs volition thrust the US dollar adjacent week.
• Apple and Amazon are the adjacent Mag 7s to report.
• USD/JPY pushing further into the information zone.

Navigating Volatile Markets: Strategies and Tools for Traders

It was a risk-on week for astir markets arsenic hostilities betwixt Israel and Iran took a backmost spot for the Passover holiday. Iran’s caller drone onslaught connected Israel present seems successful the rearview reflector though with Israel inactive talking astir further retribution, the existent calm whitethorn not past for excessively overmuch longer. The regular VIX illustration highlights past week’s risk-on sentiment with the Friday 19th multi-month precocious of 21.36 sold disconnected heavily. The VIX ended the week astatine 15.03.

VIX Daily Chart

Next week’s economical calendar includes Euro Area and German GDP and inflation releases, US ISM reports, the monthly US Jobs Report, and the latest FOMC monetary policy decision. The Fed is expected to permission involvement rates unchanged and is present improbable to chopped borrowing costs until Q4 arsenic ostentation remains elevated and sticky. At the extremity of 2023, markets were pricing successful astir 170 ground points of cuts this year, the existent pricing shows conscionable 31 ground points.

For each market-moving economical information and events, spot the DailyFX Calendar

The tech reporting play is successful afloat travel and adjacent week sees some Amazon and Apple unfastened their books. Last week’s reports produced immoderate volatile terms action. Tesla missed expectations and its stock terms rallied 10%+, Meta bushed forecast but slumped by implicit 12%, Amazon jumped by 10% portion the world’s largest company, Microsoft, added astir 3%. Along with Amazon and Apple, different notable companies releasing their net see AMC, Pfizer, Moderna, Block and Coinbase.

You tin spot each institution net dates connected the DailyFX Earnings Calendar

The Japanese Yen continues to weaken and is trading astatine uncomfortable levels for the Bank of Japan and a big of different cardinal banks. It is precise apt that the existent level astir 158.30 volition soon propulsion the MoF and BoJ into enactment to fortify their currency. Friday’s crisp rally could beryllium reversed earlier 160 becomes a world adjacent week.

USD/JPY Daily Price Chart

The FTSE is up implicit 5% since April 19th, driven higher by a anemic Sterling, accrued M&A activity, and a wide re-rating of the index. With each 3 drivers improbable to alteration implicit the coming weeks, the UK 100 is acceptable to propulsion higher.

Learn however to commercialized USD/JPY similar a pro with our escaped guide:

Chart of the Week – FTSE 100

All Charts utilizing TradingView

Technical and Fundamental Forecasts – w/c April 29th

British Pound Weekly Forecast: GBP/USD Perks Up, Downtrend Still Dominant.

The British Pound heads into what promises to beryllium a fascinating caller trading week successful stronger signifier against the United States Dollar.

Euro Weekly Forecast – EUR/USD, EUR/GBP Fundamental, Technical and Sentiment Analysis

The Euro is drifting little going into the play close. Next week, economical information and events whitethorn spot EUR/USD and EUR/GBP absorption and/or enactment levels tested again.

Gold Weekly Forecast: XAU/USD Bullish Drivers Dissipate

Gold roseate past week but the size of the caller gains person tapered disconnected arsenic hazard sentiment recovered. Will elevated rates measurement connected golden oregon volition maturation concerns supply support?

US Dollar Forecast: Focus Shifts from Risk Rally to the Fed, NFP

US PCE information provided the catalyst to assistance the dollar extremity the week flat. Will concerns astir re-accelerating ostentation look successful the FOMC statement, buoying USD?