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Gold (XAUUSD) Rising on Weaker USD. US Indices Bullish. GBP Higher on Interest Rates.

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Hey Valutraders! Did you see what last week’s Interest Rate Decision did to the markets?

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I’m Brad Alexander and in this week’s Market Blast Fundamentals let’s take a look at GBPUSD, Gold (XAUUSD), the USD Index, the Russell 2000 (RUS2000), and the S&P 500 (US500).


Last week’s Interest Rate rise by the US Federal Reserve had a negative effect on the stock indices as expected.

The news media very often say that these changes in monetary policy are built in, but in reality, they almost always affect the markets.

In the case of the S&P 500, price action broke out of this bullish channel and fell to a key level of 3700.Screenshot 2022-11-08 at 15.41.39

Investors bought the dip and price action is rising again.Screenshot 2022-11-08 at 15.41.51

On the Russell 2000, price action fell as well, but hit this lower trend line and the bullish trend is continuing.Screenshot 2022-11-08 at 15.42.09

Between the Interest Rate decision and the Non-Farm Payrolls last week, we saw a lot of volatility on the USD Index with price action finally settling lower.Screenshot 2022-11-08 at 15.42.22

This USD weakness saw price action on Gold rising but starting to consolidate now.

We will look at this from the technical side in the next video.Screenshot 2022-11-08 at 15.42.31

This week’s economic calendar is much lighter than last week’s with the most important news regarding UK Manufacturing and Gross Domestic Product on Thursday.Screenshot 2022-11-08 at 15.42.59

GBP is rising based on some stability in the UK Parliament and last week’s Interest Rate rise by the Bank of England.

Thanks for watching and don’t forget to subscribe to Valutrades Signals and the link will be in this video’s description below. 

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That’s all for now.  Happy trading with Valutrades and we will see you next time.

CFDs and FX are leveraged products and your capital may be at risk.7 November 2022 Fundamentals EN TN



This post was written by Graeme Watkins

CEO Valutrades Limited, Graeme Watkins is an FX and CFD market veteran with more than 10 years experience. Key roles include management, senior systems and controls, sales, project management and operations. Graeme has help significant roles for both brokerages and technology platforms.

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