Crude Oil Weekly Forecast: Oil Eyeing Further Recovery as Recession and Demand Fears Persist

Oil prices recovered aggressively from multi-month lows as WTI closed the week above the $70 a barrel mark. Technicals hint at a deeper recovery but market sentiment remains fragile.

from DailyFX – Market News https://bit.ly/3pf6yA8
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British Pound Week Ahead: GBP/USD Stumbles, EUR/GBP Tests Support, BoE on Tap

The Bank of England will announce its latest monetary policy decision next Thursday with a 25bp Bank rate hike already fully priced-in. What Governor Bailey says post-decision will be key.

from DailyFX – Market News https://bit.ly/3LHWjfm
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S&P 500, Nasdaq Weekly Outlook: Banking Sector Stress Takes Center Stage

US equities have struggled to clear past their recent highs even as the US Federal Reserve hinted at a pause in the hiking cycle. As the earnings season draws to a close, banking sector concerns appear to be taking center stage, posing a risk to the multi-week uptrend.

from DailyFX – Market News https://bit.ly/4298LLU
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April Jobs Report: NFP Rises by 253k as Unemployment Falls and Average Hourly Earnings Rise

US Jobs numbers surge higher as average hourly earnings adds to inflationary concerns. Unemployment matches January print, a 50-year low.

from DailyFX – Market News https://bit.ly/42sQSHP
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