The Week Ahead – Indices keep their edge!  

AUDUSD looking for a shift in confidence

The Australian dollar (AUDUSD) gains further traction as prices look to continue the August rally.

• This week’s speculation is that consumer confidence could slip into negative territory.
• The greenback could cash in on a possible sell-off in the pair.
• With a reversal looking likely, the Aussie could fall lower.
• An unwavering dovish stance could push the pair towards 0.7000, with 0.7140 the resistance ahead.

UKOIL hitting firm resistance

Brent oil remains in a loop as concerns over future demand weigh on prices.

• As the White House threatens new economic pressure, prices could move higher again.
• The back-and-forth between the U.S and Iran continues to disrupt oil and energy prices.
• The price is looking for a confirmation break above 90.00, with 84.00 a critical bottom.

SPX500 hits third straight weekly gain

The S&P 500 hopes to hold onto weekly gains as tech and AI remain in the headlines.

• With America’s trade policy in focus, this week’s FOMC meeting could provide some clues for the next direction.
• Stocks keep flourishing, with projections from the Magnificent Seven looking progressive until year end.
• The index is heading towards 7900, with 7650 acting as a fresh support.
  

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