"Market Outlook: S&P 500 and Dow Reach New Highs, Gold Declines, US Dollar Gains - Economic Events to Impact Portfolios"

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Source: DailyFX
"Market Outlook: S&P 500 and Dow Reach New Highs, Gold Declines, US Dollar Gains - Economic Events to Impact Portfolios"
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TL;DR Summary

The S&P 500 and Dow hit fresh highs while gold fades and the US dollar rallies as the Federal Reserve holds steady and ditches tightening bias. US equity markets continue to rise, driven by big tech stocks like Amazon and Meta, while upcoming earnings releases from companies like Ford, MicroStrategy, and Uber Technologies are worth noting. The British Pound was boosted by a rare Bank of England vote split, while the Euro faces vulnerabilities due to stagnant EU growth. Gold struggles after the US Jobs Report, and a comprehensive analysis of the US dollar's fundamental and technical outlook is provided, focusing on EUR/USD, USD/JPY, and AUD/USD.

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