Markets Week Ahead: Gold Breaks Out as EUR/USD Eyes ECB; Powell, BoC & NFP Loom

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The upcoming week brings a flurry of central bank activity and high-impact economic data, setting the stage for potential volatility in financial markets.

This week promises a healthy dose of potential market volatility, driven by a lineup of high-impact events from central bank decisions to the all-important U.S. jobs report. Let's break down some of the key catalysts to watch in the days ahead:The U.S. ISM Services PMI for February will offer an early glimpse into the health of the dominant services sector. While a modest decline to 53.

A significantly stronger-than-expected report could signal continued labor market strength, potentially delaying the Fed's rate-cutting cycle. This would be bullish for the U.S. dollar, but bearish for gold and risk assets.could fuel expectations of a more dovish Fed, sending interest rate expectations lower. In this scenario, gold could rise as the U.S. dollar slides.

 

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