USD soars, gold plunges

The Trump rally came to a halt last week as the S&P 500 fell 2% despite confirmation that the Republicans also won the House of Representatives. The USD strengthened to a one-year high and gold had its worst weekly drop in three years. Trump's cabinet appointments raised concerns and led to a sell-off in pharmaceutical stocks on Friday. Upcoming events this week include the G20 Summit starting on Monday, Nvidia earnings on Wednesday, and PMIs on Friday. Markus Wachter, Technical Analysis Research, notes that the S&P 500 remains in an uptrend despite dropping last week.

00:00 Introduction by Helen Freer (Investment Writing)

00:27 Markets wrap-up by Mike Rauber (Investment Writing)

06:49 Technical Analysis update by Markus Wachter (Technical Analysis Research)

09:23 Closing remarks by Helen Freer (Investment Writing)

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