Forecasts

US Dollar May Find Renewed Strength in FOMC Meeting Minutes

Fundamental analysis, economic and market themes.

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US DOLLARFUNDAMENTAL FORECAST: BULLISH

  • US Dollar swoons even as Fed rate hike worries trigger risk aversion
  • Liquidation of long-USD exposure may reflect hopes for “Powell put”
  • Minutes from September’s FOMC meeting may revive USD strength

See our US Dollar forecast to learn what will drive prices through the end of the year!

The US Dollar was badly bruised last week in a confounding display that seemed to run directly counter to the benchmark currency’s typical trading dynamics. Bloodcurdling risk aversion swept financial markets mid-week in a move that seemed to be triggered by worries about the swift pace of Fed rate hikes.

Beyond the Greenback’s yield appeal against such a backdrop, one might have expected it to reclaim support from haven demand as dour investors scramble for liquidity. Reality proved to be entirely otherwise, with USD suffering steep losses against nearly all of its major counterparts.

Perhaps the Dollar’s newfound primacy at the top of the G10 FX yield spectrum has realigned it with risky assets, making it vulnerable in risk-off trade. That explanation seems somewhat fanciful however considering investors still ought to prize liquidity in such circumstances, especially with tightening worries in focus.

A somewhat more plausible theory links USD weakness to a flattening of the priced-in 2019 rate hike path implied in Fed Funds futures. This could be suggesting that investors are betting on a so-called “Powell put”, whereby market instability triggers a dovish shift in US monetary policy.

If so, markets might be disabused of such notions when minutes from September’s FOMC policy meeting cross the wires. Fed officials have painstakingly signaled that policy normalization will proceed even as they flagged elevated valuations and acknowledged the risk of instability from policy spillover.

More of the same seems likely to appear in the Minutes document, underscoring officials’ commitment to stay on course while domestic economic fundamentals continue to look rosy. That has scope to revive the US Dollar’s fortunes even sentiment sours further.

--- Written by Ilya Spivak, Sr. Currency Strategist for DailyFX.com

To contact Ilya, use the comments section below or @IlyaSpivakon Twitter

US DOLLAR TRADING RESOURCES

OTHER FUNDAMENTAL FORECASTS:

New Zealand Dollar Forecast - New Zealand Dollar May Look Past CPI, Focus on Stocks, USD & Fed

Japanese Yen Forecast – Speculation for Above-Neutral Fed Rate to Curb USD/JPY Weakness

Oil Forecast – Oil Demand Forecasts Cut After Risk Rout Leads to Worst Week Since May

British Pound Forecast – Heightened Risk Doesn't Reward Position-Taking This Week



Euro Forecast: Calendar has a Downgraded Role in Current Environment

News events, market reactions, and macro trends.

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Euro Forecast: Calendar has a Downgraded Role in Current Environment

Fundamental Forecast for EUR/USD: Neutral

- The Euro weathered the worst of the acute breakdown in risk appetite last week, even as concerns about Italy linger; Italian BTP 10-year yields are at four-year highs.

- The economic calendar remains mostly barren, and the current environment in financial markets means that minor data releases will most likely be overlooked.

- The IG Client Sentiment Indexremains ‘bullish’ for the Euro as retail traders continue to buy the US Dollar on dips.

See our long-term forecasts for the Euro and other major currencies with the DailyFX Trading Guides.

The Euro finished in the middle of the pack last week, gaining ground against four major currencies while slipping back against the other three. Of note, EUR/JPY dropped by -1.03% amid the global equity market rout. Somewhat curiously, despite risk appetite evaporating, EUR/NZD and EUR/AUD were the next two worst performers, down by -0.68% and -0.57%, respectively. Elsewhere, EUR/GBP added +0.06%, turning positive late in the week as Brexit concerns resurfaced, and EUR/USD added +0.31% as the US Dollar was caught up in the “Sell USA” wave.

One thing is for certain about last week: the Euro wasn’t at the center of attention, it was a mere bystander along for the ride. The economic calendar yielded little insightful information, and there were few developments along the Italian budget front (that said, Italian bond yields continue to push higher: the Italian BTP 10-year yield is at a four-year high). Instead, all eyes were on the US Treasury bond market for rising yields and the reaction by equity markets around the world.

The coming week won’t be all that different, as the economic calendar doesn’t offer much by way of significant data that could distract attention from stresses in financial markets across the globe. The most important release of the week, the German and Eurozone ZEW Survey on Tuesday, is very likely to be forgotten about by the next day (if not by lunchtime). In general, economic data hasn’t been strong for the Euro, with the Citi Economic Surprise Index having fallen from -13.6 to -24.8 over the past month.

The final September Eurozone CPI release on Thursday should bring little surprise, as the consensus forecast from Bloomberg News shows no expected change in either the monthly (+0.2%), yearly (+2.0%), or core yearly (+0.9%) readings. Overall, inflation data has been near the ECB’s +2% medium-term target, and medium-term inflation expectations (via the 5-year, 5-year inflation swap forward) have stabilized over the past month, from 1.691% on September 14 to 1.686% on October 12 (still a significant amount away from the yearly high set in January at 1.774%).

Finally, looking at positioning, according to the CFTC’s COT for the week ended October 9, speculators increased their net-short Euro positions to 16.1K contracts, an increase from the 7.1K net-short contracts held in the week prior. Through the rest of October positioning will continue to be a non-factor for the Euro (i.e. the risk of capitulation (covering) due to extreme positioning is extremely low).

FX TRADING RESOURCES

Whether you are a new or experienced trader, DailyFX has multiple resources available to help you: an indicator for monitoring trader sentiment; quarterly trading forecasts; analytical and educational webinars held daily; trading guides to help you improve trading performance, and even one for those who are new to FX trading.

--- Written by Christopher Vecchio, CFA, Senior Currency Strategist

To contact Christopher, email him at cvecchio@dailyfx.com

Follow him in the DailyFX Real Time News feed and Twitter at @CVecchioFX.



Speculation for Above-Neutral Fed Rate to Curb USD/JPY Weakness

Central bank policy, economic indicators, and market events.

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Speculation for Above-Neutral Fed Rate to Curb USD/JPY Weakness

Fundamental Forecast for Japanese Yen: Neutral

Japanese Yen Talking Points

Fresh data prints coming out of the U.S. economy may curb the recent selloff in USD/JPY as the Retail Sales report is anticipated to show a 0.6% rise in household spending, and the Federal Open Market Committee (FOMC) Minutes due out on October 17 may ultimately boost the appeal of the dollar as the central bank appears to be on track to deliver another rate-hike in 2018.

A marked pickup in private-sector consumption may encourage the Federal Reserve to adopt a more hawkish tone at the next meeting in November as it remains one of the biggest drivers of growth and inflation, and Chairman Jerome Powell & Co. may prepare U.S. households and businesses for an imminent rate-hike as the central bank largely fulfills its dual mandate for full-employment and price stability.

Speculation for Above-Neutral Fed Rate to Curb USD/JPY Weakness

Keep in mind, recent remarks from Chicago Fed President Charles Evans, who joins the FOMC in 2019, suggest the central bank could be forced to extend the hiking-cycle ‘maybe 50 basis points above neutral in response to the ‘very strong economy,’ and a growing number of central bank officials may adopt a similar tone as the GDPNow model continues to improve, with the 3Q 2018 estimate for real GDP growth (seasonally adjusted annual rate) now standing at 4.2%.

In turn, market participants may pay increased attention to the fresh batch of central bank rhetoric on tap for the week ahead as Governor Lael Brainard, St. Louis Fed President James Bullard, Governor Randal Quarles, Atlanta Fed President Raphael Bostic and Dallas Fed President Robert Kaplan are slated to speak, and a batch of hawkish comments may curb the recent weakness in USD/JPY especially as the Bank of Japan (BoJ) shows little to no interest in moving away from its Quantitative/Qualitative Easing (QQE) Program with Yield-Curve Control. Sign up and join DailyFX Currency Analyst David Song LIVE for an opportunity to discuss potential trade setups!

USD/JPY Daily Chart

Speculation for Above-Neutral Fed Rate to Curb USD/JPY Weakness

With that said, USD/JPY may continue to cling to the upward trend from earlier this year following the failed attempts to break/close below the 111.10 (61.8% expansion) to 111.80 (23.6% expansion) area, and recent developments in the Relative Strength Index (RSI) also present a constructive outlook for dollar-yen as the oscillator appears to be reversing course ahead of oversold territory.

Nevertheless, would need a move back above the 112.40 (61.8% retracement) to 113.00 (38.2% expansion) region to bring the topside targets back on the radar, with the first area of interest coming in around 113.80 (23.6% expansion) to 114.30 (23.6% retracement) followed by the 115.10 (61.8% expansion) hurdle.

For more in-depth analysis, check out the Q4 Forecast for Japanese Yen

Additional Trading Resources

Are you looking to improve your trading approach? Review the ‘Traits of a Successful Trader’ series on how to effectively use leverage along with other best practices that any trader can follow.

Want to know what other currency pairs the DailyFX team is watching? Download and review the Top Trading Opportunities for 2018.

--- Written by David Song, Currency Analyst

Follow me on Twitter at @DavidJSong.

Other Weekly Fundamental Forecast:

New Zealand Dollar Forecast - New Zealand Dollar May Look Past CPI, Focus on Stocks, USD & Fed



GBP: Heightened Risk Doesn’t Reward Position-Taking This Week

Fundamental analysis and financial markets.

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Fundamental Forecast for GBP: Neutral

Sterling (GBP) Talking Points:

  • Sterling rally stalls ahead of crucial meeting.
  • Remember the outcome of the Salzburg meeting.

The DailyFX Q4GBP Forecast is available to download.

Next week’s EU Summit meeting in Brussels (October 17-18) has been pinpointed by many as a pivotal point in Brexit negotiations. Sterling has ground higher over the last few weeks on expectations that a break in the current impasse will be announced and that both sides can then fully focus on future trade agreements. I have been bullish Sterling over the past 4-6 weeks, suggesting dip buying, but now recognize that the risk-reward over the next week is not in favor of anyone holding a Sterling position, either long or short, and turn neutral on the British Pound.

If a mutually agreeable outcome from the meeting is announced – and it will still have to get through the Parliament – then a much clearer picture for Sterling in the short-, medium- and long-term will appear and traders should feel more confident with the trend. On the flip-side, expectations were high going into the recent Salzburg meeting, only for the EU to re-assert themselves and send PM Theresa May home empty-handed, pushing Sterling lower.

Ahead of this meeting the newswires will be likely filled with rumor and counter-rumor, leaving Sterling very much beholden to sentiment swings. If an agreement is neared or announced, the trend for Sterling will be set. It is better to miss some of a trend before getting onboard and benefitting from it, than it is to take a binary decision ahead of such an important meeting.

It is a hackneyed old phrase but ‘the trend is your friend’ should be listened to and followed.

On Mondays we take an in-depth look at important UK data releases, Brexit and other UK asset market drivers at 10:30GMT in our UK Key Events and Markets Webinar.

IG Client Sentimentdata show that retail investorsare 57.3% net-long GBPUSD, normally a bearish contrarian indicator. However, recent daily and weekly shifts in sentiment suggest GBPUSD may trend higher.

Sterling is currently giving back some of its recent gains ahead of the weekend and will likely remain below 1.3250 until the future is made clearer.

GBPUSD Daily Price Chart – October 12, 2018

GBP: Heightened Risk Doesn't Reward Position-Taking This Week

Traders may be interested in two of our trading guides – Traits of Successful Traders and Top Trading Lessons – while technical analysts are likely to be interested in our latest Elliott Wave Guide.

--- Written by Nick Cawley, Analyst

To contact Nick, email him at nicholas.cawley@ig.com

Follow Nick on Twitter @nickcawley1

Other Weekly Fundamental Forecast:

New Zealand Dollar Forecast - New Zealand Dollar May Look Past CPI, Focus on Stocks, USD & Fed

Japanese Yen Forecast – Speculation for Above-Neutral Fed Rate to Curb USD/JPY Weakness

Oil Forecast – Oil Demand Forecasts Cut After Risk Rout Leads to Worst Week Since May



Gold Price Outlook Finally Impacted by Safe Haven Demand


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Fundamental Forecast for Gold:Bearish

  • The rout in US equities finally spurred safe haven demand for the precious metal
  • Gold will likely look to equity sentiment to drive price action next week barring significant geopolitical developments
  • The metal now trades above the downtrend that began in mid-April which now acts as support

Gold Price Rides on Equity’s Rebound

Gold posted a huge rally this week. Propelled by safe haven demand, the precious metal rocketed through multiple key resistance levels and now trades around $1220. Last week, we mentioned the possibility of safe haven demand being brought about by an equity rout. Unsurprisingly, a 1,368 point drop in the Dow over two days was enough to create appeal for the asset’s key attribute.

Gold Price Chart Hourly, October 5th- October 12th

Gold Price Outlook Finally Impacted by Safe Haven Demand

Looking to learn how to trade gold? Check out our Gold Trading Guide.

Although gold benfitted from safe haven demand this week, it may be short lived. Friday saw a mixed trading day for US equities result in a green close. In Europe, equity losses were minimal. These developments suggest equities are regaining their feet and thus the drastic flight to safety will wane. In the upcoming week, equities will be the key deciding factor for gold’s performance and they seem to be normalizing.

With that in mind, there were some other fundamentally bearish developments that flew under the radar this week. Overshadowed by plummeting equities, US CPI data was released and fell short of expectations. Although the miss is minor, it showcases lower than expected inflation. Lower inflation could weigh on gold’s use as an inflation hedge and thus act as a headwind for gold’s price.

Gold Price Outlook Finally Impacted by Safe Haven Demand

View our Economic Calendar for US CPI and other important data releases.

Gold Price Chart Daily, March – Present

Gold Price Outlook Finally Impacted by Safe Haven Demand

As we look to the technical picture, the equity rout generated enough demand to push gold above trend line resistance from mid-April. Moving forward, that resistance should act as support. More immediate support can be found at 1213.55, the 50% fib level from December 2015. Areas of resistance are less immediate with a minor Fibonacci level at $1239.

To gain more insight to how we use sentiment to power our trading, join us for our weekly Trading Sentiment webinar.

Gold Price Outlook Finally Impacted by Safe Haven Demand

View how our clients are positioned on gold and other assets with IG Client Sentiment Data.

Retail trader data shows 89.5% of clients are net-long with the ratio of traders long to short at 8.52 to 1. The number of traders net-long is 11.4% higher from last week and traders net-short is 29.7% lower than last week. Since we typically take a contrarian view to crowd sentiment, it could suggest gold is headed lower next week.

With another drastic equity collapse unlikely, disappointing CPI figures, and bearish sentiment data, it would seem gold is due to retrace some of the gains it posted this week. For these reasons, the fundamental forecast for gold in the upcoming week is bearish.

--Written by Peter Hanks, Junior Analyst for DailyFX.com

Contact Peter on Twitter at @PeterHanksFX

DailyFX forecasts on a variety of currencies such as the US Dollar or the Yen are available from the DailyFX Trading Guides page. If you’re looking to improve your trading approach, check out Traits of Successful Traders. And if you’re looking for an introduction to the Forex market, check out our New to FX Guide.

Other Weekly Fundamental Forecast:

New Zealand Dollar Forecast - New Zealand Dollar May Look Past CPI, Focus on Stocks, USD & Fed

Japanese Yen Forecast – Speculation for Above-Neutral Fed Rate to Curb USD/JPY Weakness

Oil Forecast – Oil Demand Forecasts Cut After Risk Rout Leads to Worst Week Since May

British Pound Forecast – Heightened Risk Doesn't Reward Position-Taking This Week

US dollar Forecast – US Dollar May Find Renewed Strength in FOMC Meeting Minutes



CAD Rate Forecast: Loonie Awaits NAFTA Outcome for Direction

Fundamental analysis, news events, market reactions and macro trends.

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Fundamental Forecast for CAD: Neutral

USDCAD Analysis and Talking Points:

  • Canadian Dollar Awaits NAFTA Outcome
  • Widening US-Canadian 2yr Spreads Pushes USDCAD to Better Levels

See our Q3 CAD forecast to learn what will drive the CAD through the quarter.

Widening US-Canadian Bond Spreads Lifts USDCAD

The past week saw the Canadian Dollar weaken towards 1.32 against the greenback with much of the same factors contributing to the weakness. US-Canadian 2yr rate differentials continue to widen with the spread back above 60bps and thus moving in favour of USD buying vs CAD. Elsewhere, US data has outperformed relative to Canada amid strong NFP and ISM reads, while ongoing NAFTA discussions continue to cloud the outlook for the Loonie. The Bank of Canada provided a relatively balanced statement, leaving the door open for a hike in October.

US and Canadian 2yr Bond Spreads

CAD Rate Forecast: Loonie Awaits NAFTA Outcome for Direction

CAD Awaits NAFTA Outcome for Direction

As we look towards next week, the Canadian Dollar may see somewhat of a quieter week from the data front with a lack of tier 1 data to drive price action in the CAD. However, USDCAD may experience some volatility from the USD side with CPI due. Direction in CAD will likely depend on the tone regarding the ongoing NAFTA discussions with focus on whether an agreement can be reached.

Next week’s Economic Calendar

CAD Rate Forecast: Loonie Awaits NAFTA Outcome for Direction

Source: DailyFX

USDCAD PRICE CHART: DAILY TIMEFRAME (January-September 2018)

CAD Rate Forecast: Loonie Awaits NAFTA Outcome for Direction

Chart by IG

USDCAD Technical Levels

Resistance 1: 1.3180-1.32 (Resistance Area)

Resistance 2: 1.3290 (July high)

Support 1: 1.3115 (23.6% Fibonacci Retracement)

Support 2: 1.3080-90 (Trendline support)

CAD TRADING RESOURCES:

--- Written by Justin McQueen, Market Analyst

To contact Justin, email him at Justin.mcqueen@ig.com

Follow Justin on Twitter @JMcQueenFX

https://www.dailyfx.com/free_guide-tg.html?ref-author=mcqueen

Other Fundamental Forecast:

New Zealand Dollar Forecast - NZD/USD Prices May Fall on Swedish Election and as ECB Sinks Euro

Japanese Yen Forecast - The Japanese Yen Moves into the Tariff Conversation

Oil Forecast – Trade Wars and an Emerging Market Crisis Likely To Keep Oil Volatile

British Pound Forecast – Positive Momentum Will Continue to Drive Sterling Higher

Gold Forecast - Gold Prices Vulnerable to Sticky U.S Core CPI, Retail Sales

Australian Dollar Forecast – Australian Dollar Still Short Of Buy Signals Despite Strong Data

Chinese Yuan Forecast - Yuan Awaits China's Retaliation on US Tariffs, PBOC's Guidance



Australian Dollar Held Up Last Week, May Not Do So Again

Financial markets, economics, journalism and fundamental analysis.

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Fundamental Australian Dollar Forecast: Bearish

Australian Dollar Talking Points:

  • AUD/USD failed to make new lows despite gloomy newsflow
  • Perhaps some investors think it has suffered enough
  • The RBA appears not to agree however, and further falls look likely

Find out what retail foreign exchange traders make of the Australian Dollar’s prospects right now, in real time, at the DailyFX Sentiment Page

Last week’s Australian Dollar trading action was perhaps a little strange.

All of the factors that have weighed on it over the past year remained very much in place. Some of them even intensified. The huge differential in monetary policy between a still-tightening Federal Reserve and a Reserve Bank of Australia stuck in post-crisis accommodation mode was as obvious as ever. Trade-war fears appeared to intensify, stocks tanked and the International Monetary Fund downgraded its global growth call. That should have mattered to the growth-linked Australian Dollar’s fortunes at the best of times but, in the process, the IMF also trimmed its China forecasts. Of course, China mattes hugely to Australia’s export machine. Yet AUD/USD held reasonably firm through all of the above.

It even failed to slip much when RBA Governor Lowe said in Indonesia that he and his colleagues welcomed the current bout of US Dollar strength and hoped for more ‘spillover effects from it,’ by which me must assume that he meant an even-weaker Aussie.

Still AUD/USD held up above the lows of the past two weeks.

Even so, it is hard to get overly bullish. The currency faces too many fundamental negatives and the long AUD/USD downtrend in place all year remains very much the daily chart’s dominant feature.

Australian Dollar Held Up Last Week, May Not Do So Again

It does seem to be trying to settle into something of a range, suggesting that perhaps some in the market think its long punishment beating has gone on for long enough. This is a thesis that will need much more evidence, though and the pair will remain hostage to global risk appetite. If that wanes again, it will fall further.

However, there is a plethora of likely data points for Aussie traders this week, from domestic employment data and the leading index through official Chinese growth numbers. While job creation is likely to remain strong, this fact alone may not be enough to support the currency. Indeed, it has failed to do so all year.

A neutral call is tempting this week, but it just doesn’t quite work given all the known risk events and the likelihood of some unknown ones, probably from the global-trade story’s direction. It’s another bearish forecast, but a cautious one.

Resources for Traders

Whether you’re new to trading or an old hand DailyFX has plenty of resources to help you. There’s our trading sentiment indicator which shows you live how IG clients are positioned right now. We also hold educational and analytical webinars and offer trading guides, with one specifically aimed at those new to foreign exchange markets. There’s also a Bitcoin guide. Be sure to make the most of them all. They were written by our seasoned trading experts and they’re all free.

--- Written by David Cottle, DailyFX Research

Follow David on Twitter@DavidCottleFX or use the Comments section below to get in touch!

Other Weekly Fundamental Forecast:

New Zealand Dollar Forecast - New Zealand Dollar May Look Past CPI, Focus on Stocks, USD & Fed

Japanese Yen Forecast – Speculation for Above-Neutral Fed Rate to Curb USD/JPY Weakness

Oil Forecast – Oil Demand Forecasts Cut After Risk Rout Leads to Worst Week Since May

British Pound Forecast – Heightened Risk Doesn't Reward Position-Taking This Week

US dollar Forecast – US Dollar May Find Renewed Strength in FOMC Meeting Minutes

Gold Forecast - Gold Price Outlook Finally Impacted by Safe Haven Demand



New Zealand Dollar May Look Past CPI, Focus on Stocks, USD & Fed

Classic technical analysis, macro and economic themes.

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New Zealand Dollar Fundamental Forecast: Bearish

  • Despite stock market selloff, New Zealand Dollar appreciated as US Dollar fell short
  • NZD may look past upbeat domestic inflation data to focus on Fed speech next week
  • Signs of a hawkish Fed may reignite gains in USD despite stock losses, hurting NZD

We just released our 4Q forecast for equities, which may impact NZD, in the DailyFX Trading Guides page

Despite an aggressive global market selloff, in which the S&P 500 was on course to deliver its worst weekly performance (as much as -5.44%) since March, the ‘anti-risk’ New Zealand Dollar (and the Australian Dollar) generally appreciated. Under normal situations, one would expect the yields in which these currencies enjoy to work against them as carry trades are unwound amidst investors prioritizing preserving capital.

But thanks to rising interest rates from the Fed, the US Dollar now plays two important rolls in trading. First, it holds the highest yield. Second, it is the world’s reserve currency. It seems as though the former attribute adversely impacted USD as 2019 rate hike bets were also diminished. Thus, perhaps traders sold the greenback and this came as a benefit to the New Zealand Dollar, and other commodity bloc currencies.

Risk trends and market mood seem to be poised on being a primary driver for the New Zealand Dollar given the surge in volatility. But let us briefly dive into the monetary policy fundamentals as NZD is also awaiting a local CPI report. New Zealand third quarter CPI is expected to pick up pace and clock in at 1.7% y/y from 1.5%. The quarter-over-quarter inflation reading is also expected to tick up to 0.7% from 0.4%.

The former would be the fastest pace of price gains in one year while the latter would be the most since the first quarter of 2017. Reserve Bank of New Zealand rate cut bets have been somewhat diminishing lately, overnight index swaps are now pricing in only a 11.2% chance of a cut in March. Given that local economic news flow has been tending to outperform as of recently, this may open the door to an upside surprise.

Such an outcome, which would be in line with RBNZ inflation expectations, could further reduce those dovish monetary policy expectations. This would bolster the New Zealand Dollar and could make it more likely that the central bank begins slowly stepping away from a mixed outlook on where rates could go next. Any hints leading to this direction would be considered a relatively hawkish shift.

But given the volatility in stock markets, especially if the selloff lingers, this may only offer temporary gains. There are numerous risks from the external front ranging from emerging markets to trade wars. In addition, the Fed may continue promoting the case for rate hikes in the week ahead considering that a local market correction seems to have been largely overdue in their projections.

With that in mind, keep an eye out for commentary from St. Louis Fed President James Bullard, Governor Lael Brainard and Dallas Fed President Robert Kaplan. They may continue reiterating the case for gradual rate hikes which could reignite the US Dollar, risking paring the gains seen in the New Zealand Dollar. The NZD fundamental outlook still remains bearish.

Just getting started trading currencies? See our beginners’ guide for FX traders to learn how you can apply this in your strategy!

FX Trading Resources

--- Written by Daniel Dubrovsky, Junior Currency Analyst for DailyFX.com

To contact Daniel, use the comments section below or @ddubrovskyFX on Twitter



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