Weekly review: Gold, USD, EURUSD and Dow Jones

Weekly review: Gold, USD, EURUSD and Dow Jones

Global equity markets wrapped last week on a bullish note. At the same time, investors and market participants were cautious last week driven by hawkish comments from ECB and FED policymakers. As we enter the new trading week, the main attraction for this week is Thursday’s US PCE inflation data, which might offer some hints about the inflation trajectory in the US.

Weekly review: Gold, USD, EURUSD and Dow Jones

Weekly review: Gold, USD, EURUSD and Dow Jones

The new week has started fairly quietly in terms of price action because the US stock markets closed for George Washington's birthday. This week, investors should closely review the most recent meeting minutes from major central banks for clearer signals about the direction of interest rates in the near future. At the same time, the chipmaker Nvidia reports earnings this week, which will be closely watched by Wall Street traders and likely to cause big moves.

Tesla stock watch out on the trendline support

Tesla stock watch out on the trendline support

Shares of Tesla (NASDAQ: TSLA) have been on the decline since the start of 2024. In January alone, the stock dropped almost 20%. However, the stock slightly rebounded from the 9-month low as the stock found support at the critical downward trend line. What next?