The euro came out of the intense week relatively unscathed as it heads into another stacked week full of key economic data while EUR/USD holds above 1.05.

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The Australian Dollar has been trading as a barometer of the markets’ recession fears. It may fall in the week ahead as worries about global growth continue to fester.

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Gold and silver tend to show a close correlation, but their performance could begin to diverge as rising recession odds cloud the outlook for some precious metals with industrial applications.

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Sterling ends the week slightly higher but price action over the last 72 was essentially flat. Crucial PCE inflation next week and US, UK final GDP figures

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Learn how to calculate and implement currency carry trades in your forex trading strategy.

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