(XAUUSD) the gold stuck sideways
(XAUUSD) the gold continues to feel the squeeze as prices get caught up in a consolidation battle. As the Fed seeks to control the direction of the dollar and gold through the end of the year, the remaining inflation and jobs data for 2025 could change the Fed’s outlook for 2026, as it is expected to implement a continuous rate-cutting cycle. 4180 is a sturdy support, and the price must lift 4250 before it can bounce back.
GBPUSD GDP sets the path for cable
Cable recovered from the October sell-off as prices look to claw back losses. This week’s GDP data could prove critical as another fall into negative territory could see early signs of a recession. With the Federal Reserve looking to cut its rate for the final time this year, the pound could jump on this opportunity to progress higher to a multi-week peak. 1.3400 is a major resistance, and 1.3200 is the next key support.
NAS 100 another week, another high
Indexes rallied last week, hitting fresh highs in an attempt to set more records. The recent Thanksgiving rally has kept the Nasdaq heightened, thanks to another surge in AI and tech stocks. With a potential bubble bursting next year, this might not stop heavy investment in the sectors, as mega-cap stocks look to achieve their targets and earnings forecasts. 25800 is a key ceiling to clear, and 24600 is a fresh
Test your forex and CFD trading strategy with Orbex
The post The Week Ahead – The calm before the storm appeared first on Orbex Forex Trading Blog.