This Week: Fed, BOE decisions & gold in focus

 

Week Ahead XAUUSD FOMC GBPUSD

Brent rebound faces NFP, OPEC+ test

  • Brent initially rebounded after Trump's latest sanction threat on Iran oil sales; seemingly thawing US-China geopolitical tensions
     
  • Brent's rebound off 4-year lows already faltering at the time of writing
     
  • Still ahead: Key US jobs report due Friday, OPEC+ supply hike decision on Monday
     
  • NFP and OPEC+ outcomes could determine whether Brent sinks to a new 4-year low
Brent Oil OPEC+ President Trump Iran. tariff output hike

Gold attempts slight rebound ahead of US jobs report

  • XAUUSD set for back-to-back weekly declines for first time so far in 2025
     
  • Improving risk appetite pulling gold away from record high
     
  • Gold found support at 21-day SMA; now testing $3260 resistance

US Stock Indexes: “Sell in May and go away”?

  • History suggests S&P 500 investors gain less in May-Oct than in Nov-Apr
     
  • But S&P 500 averaged 2.4% monthly gain over past 10 Mays, only fell in May 2019

This Week: US stock indices await Big Tech earnings, US jobs report

  • US500 within 10% of record high after recent rebound
     
  • Markets still contending with trade war fears and recession risks
     
  • Wed, Apr 30: Microsoft, Meta earnings; US 1Q GDP and PCE
     
  • Thur, May 1: Apple, Amazon earnings
     
  • Fri, May 2: US April jobs report
     
  • US500 could either reach 5100 or 5800 on jumbo-sized moves this week.
S&P 500 US500 Big Tech Earnings Stocks indices Nonfarm Payrolls US jobs report Recession Trade Tensions President Trump

Brent finds scant relief from China’s softer tariff tone

  • Brent set for weekly drop, despite China's reportedly softer tariff tone
     
  • Oil's rebound from 4-year low thwarted by 21-day SMA, key Fib level
     
  • Brent's upside limited by persistent trade war fears
     
  • Another bumper-sized OPEC+ output hike could send Brent below $60 again

 

Oil Brent Trade Tensions China President Trump OPEC+

Gold bulls taking justified breather below record high

  • Spot gold easing away from near-$3500 record high
     
  • US, China showing some restraint in ongoing trade conflict
     
  • Gold still in supportive environment; further declines could invite more buy-the-dip action
XAUUSD Gold safe haven Trade Tensions Donald Trump China Recession

Trade Talk Turns Tame. Is the US500 Buying It?

  • US500 gaps up +1.35% on trade optimism.
     
  • Trump softens stance on China, Powell; Bessent signals possible China de-escalation.
     
  • US PMIs & Fed Beige Book may drive next short-term moves
     
  • If 21-SMA resistance is conquered, US500 could soar over 100 index points

 

Donald Trump Trade War Tariffs Fed Chair Jerome Powell US500 Stock Market indices

This Week: Can NAS100 stay above 18k?

  • NAS100 now testing 18,000 psychological level for critical support
     
  • April 22nd: Tesla earnings due after US markets close; stock could move 8% up/down after
     
  • April 23rd: IBM earnings due after US markets close; stock could move 7.1% up/down after
     
  • April 24th: Alphabet earnings due after US markets close; stock could move 5.4% up/down after

Brent jumps ~3% on US sanctions & supply fears

 

  • US sanctions against Iran tighten supply outlook
     
  • OPEC+ enforces compliance cuts
     
  • Demand forecasts downgraded
     
  • Mixed US inventory picture
     
  • ~5% weekly gain before holiday

 

Brent Brent crude BRN
Subscribe to