ForexAnalytix Week Ahead Video July 16th 2023
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Blake Morrow of #ForexAnalytix talks about the week ahead in #FOREX as the US Dollar broke lower following the weak CPI and PPI data and as risk appetite reined supreme for the markets keeping downside pressure on the US Dollar.
However, with stocks at some key levels in the #SPX #DOW and #NASDAQ and with the US Dollar index approaching some key support, the US Dollar could find support near term, especially ahead of the FOMC in a couple weeks.
There is a lot of #inflation data this week that could move the GBPUSD NZDUSD USDJPY and USDZAR. The SARB also has a rate decision this week as well.
Blake gives his technical view of the gold market, and also the German DAX and Nikkei as well.
#weeklyforexforecast #forexforecast #forexanalysis
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