Forecasts & Analysis

EUR/GBP made a bullish bounce at the 61.8% Fibonacci retracement level. Is this a confirmation signal of an upcoming bullish reversal?

Following is a list of company earnings scheduled for release May 17-21, along with earnings previews for select companies. Next week’s earnings are probably not much significant for major market movements, but it is adequate to gauge investors’ sentiment.

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Technically, while 90.00 support on the dollar index served buyers last week, the level communicates a somewhat vulnerable tone. Read the in-depth analysis here.

It’s a bullish start to the day for the majors. Steering clear of the day’s pivot levels would support further upside for the day ahead.

While gold posting strong gains on the day, on a week-by-week basis gold futures closed very close to its opening price on Monday.

It was a week heavily influenced by inflation fears.

The weather is expected to remain warm

The S&P 500 initially fell during the course of the week as people were worried about inflation, only to see those fears dissipate on Thursday and Friday.

Silver markets have pulled back significantly from the $28 level during the course of the week but have seen buyers jump back in to pick up momentum to the upside again.