Mold: USDX new high at the end of last week, the dollar generally strengthened in the whole market, because investors can no longer ignore the willingness of the Federal Reserve to continue to raise key interest rates. Let me remind you that the labor market in the United States is still very strong, leading to an increase in consumer activity and thus inflation. All of these increase the possibility of raising interest rates for a longer time, which in turn supports the US dollar and therefore exerts pressure on stock indexes and commodity assets.

Mold: euro/dollar bearish scenario

The fundamental analysis is on the side of the buyers of US dollars, while the sellers of euro/US dollar currency pairs need to consider the proximity of the technical support level of 1.0500. Only a break and subsequent fixed pair of quotes below it will indicate that the seller's ability continues to decline. At the same time, the overall sentiment remains bearish, just like the sterling/dollar currency pair. Its sellers try to fix themselves at the psychological level of 1.2000. However, they still have many small obstacles rising to the support level of 1.1870.

Gold in the red zone

Turning to the precious metal market, I will focus on the large sales of gold and silver. Gold approached the psychological threshold of $1800 at a relatively moderate rate, while silver fell at an incredible rate last week. This is an obvious example of how investors get rid of these assets due to the increase in yields on US government bonds and most European countries. Under the background of tightening monetary policy by the Federal Reserve and the European Central Bank, there is a risk of decline in production activities, which is also negative for silver. After all, silver is not only a precious metal, but also a very popular raw material asset.

Mold: oil will not hold position

Continuing to discuss the risk of declining production activity and significant selling in the US stock market, I will focus on oil. After a fairly strong but short-term growth wave on Friday, buyers' activities decreased significantly. In early trading in Asia, US grade WTI crude oil gradually fell back to below US $76 per barrel. If there is no obvious change in supply and demand, the bearish situation will be a priority. Therefore, carefully monitor the appearance of any comments made by OPEC representatives, especially Saudi Arabia. They may try to prevent a stronger decline in oil.

Mold: BTC oil pipeline on the way to the South

Finally, let's talk about the cryptocurrency market. Bitcoin, Ethereum and other coins are still under pressure from sellers. The reason is obvious - this is the decline in interest in risk, and the possibility of the Federal Reserve, the European Central Bank and some other central banks in the world tightening monetary policy for a long time increases. Therefore, the recent goal of bitcoin sellers is still the 22500 mark, and there is a risk of a stronger downward wave. In addition, Ethereum may continue to fall to $1500.

This is for me. Pay close attention to the news and be prepared for all surprises in the market.

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