25.08.25 - 29.08.25
Results of the previous week
| NG +8.33% | XAGUSD +4.87% | HG +1.89% |
TSLA -4.27% | XRPUSD -3.31% | FDAX -1.38% |
Last week, US indices saw a slight increase. The subdued movement didn't stop the S&P 500 from setting a new all-time high. Indices are continuing to receive support amid expectations that the US Federal Reserve will cut its key interest rate at its September meeting.
On the foreign exchange market, the dollar showed a mixed trend. The reaction to macroeconomic reports was subdued. Instead, investors showed greater interest in political news. Reports that the United Kingdom, France and Germany are planning to reimpose sanctions against Iran briefly supported the US dollar.
Brent crude oil prices are ending the week at around $67.60 per barrel. Prices were supported this week by US reserves data, which signalled strong demand for fuel. However, the end of the summer is limiting further growth due to expectations of lower consumption.
Key events of the current week
| The eurozone. Inflation rate EUR/USD | DATE 02.09 | GMT | FORECAST | PREV. | IMPORTANCE |
Global analysts expect Eurozone inflation to rise. Price pressure comes primarily from changes in supply chains and rising energy costs, both of which are reflected in the cost of most goods and services. Higher inflation figures could force the ECB to stop easing its monetary policy. When combined with the rate cut expected from the US Federal Reserve, this is good news for the euro. In this context, EUR/USD could continue to rise to 1.1800. | |||||
| The US. Services PMI USD/JPY | DATE 04.09 | GMT | FORECAST | PREV. | IMPORTANCE |
The service sector accounts for about 75% of US GDP. That's why the report is important in assessing the economy's health. Global analysts expect the ISM indicator to drop below 50, which would signal that the sector is moving into recession territory. Weak data will boost expectations of a Fed rate cut in September. The Fed's current monetary policy easing is unfavourable for the US dollar. Against this background, USD/JPY could resume its decline to 144.90. | |||||
| The US. Non-Farm Payrolls XAU/USD | DATE 05.09 | GMT | FORECAST | PREV. | IMPORTANCE |
Last month, the US labour market showed weak momentum after previously released data were revised downward. Global analysts expect the number of new jobs to keep declining in the reporting period. If it does, it would be another signal in favour of easing monetary policy. This is unfavourable for the dollar, but it's good news for assets denominated in it, such as gold. In this context, XAU/USD may begin to rise again towards 3500.00. | |||||
