Markets Week Ahead: Gold Spikes, Dollar Soars, EUR/USD and GBP/USD Slump

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Markets Week Ahead: Gold Spikes, Dollar Soars, EUR/USD and GBP/USD Slump
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The US dollar powered ahead in the second half of the week after the latest CPI reading showed US nudging higher.

Apple turned sharply higher Thursday after closing in on the late-October low, after news hit the screens that the company said that it would update its Mac Book line with the new M3 chip. Apple is now closing back in on an old area of support turned resistance around $179., inflation and jobs data keeps US rates on hold, while disinflation and stagnant growth in the EU tees up a June rate cut.

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