Posted 11/12/2023, 5:00:31 PM
Markets See Big Swings: Dollar, Yields Up As Risk Appetite Rises, Gold and Bitcoin Jump on ETF Hopes
- US dollar, gold, GBP/USD, EUR/USD, and cryptocurrencies had significant moves last week
- Equity markets hit fresh multi-week highs as risk appetite increased
- Bitcoin rallied on potential for spot ETF approval, other cryptos jumped too
- US Treasury yields rose after hawkish Powell comments, boosting the US dollar
- Gold dropped to a 3-week low as investors rotated into risk assets
- Key economic data next week includes UK, Euro zone, US inflation reports
- Technical and fundamental forecasts for GBP/USD, EUR/USD, cryptos, gold, and the US dollar