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

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.
- Markets Week Ahead: S&P 500, Dow Hit Fresh Highs, Gold Fades, US Dollar Rallies DailyFX
- 3 Economic Events That Could Affect Your Portfolio This Week, February 5-9, 2024 - TipRanks.com TipRanks
- Week ahead: Markets to digest data and rate cut bets Forex Factory
- Newsquawk Week Ahead: RBA, China inflation, US ISM services PMI, annual US CPI revisions ForexLive
- Top 5 things to watch in markets in the week ahead By Investing.com Investing.com
Reading Insights
Total Reads
0
Unique Readers
10
Time Saved
2 min
vs 3 min read
Condensed
80%
532 → 106 words
Want the full story? Read the original article
Read on DailyFX