Dow Jones Forecast: DJIA cautious as oil jumps & earnings loom
U.S. stocks are subdued on Monday as investors weigh oil prices and geopolitical developments, while looking cautiously ahead to Q3 bank earnings and inflation data later in the week.
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Gold forecast: Dollar strength keeps XAU under pressure
Gold came under renewed pressure in the first half of Monday’s session, alongside weakness across the major FX pairs, especially the EUR/USD. The gold weakness follows a relatively sharp two-day rally at the end of last week, which had raised hopes that the metal may finally have found a floor.
Oil, EUR/USD forecast: Two trades to watch 121026
Oil weighs up Russia developments against Middle Eastern tensions. EUR/USD struggles around 1.12 with US and EZ inflation data this week.
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