US Stocks and Gold Rally in Q1 on Dovish Fed Bets, Critical Q2 Ahead for Currencies
• Q1 saw strong gains for US equities and gold on expectations of looser Fed policy, while the US dollar strengthened notably against the Japanese yen • Heading into Q2, shifts towards more dovish global monetary policy could provide support for risk assets and weigh on the US dollar • Key Q2 drivers include central bank policy shifts, economic growth trends, and inflation surprises • Technical outlooks suggest continued strength for US stocks while pairs like EUR/USD and USD/JPY stand at critical junctures • DailyFX forecasts provide extensive fundamental and technical analysis on trends influencing currencies, commodities, and crypto