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  • Airline stocks retracing losses, some already in positive territory, despite the large sell-off in the market. News that the US will overhaul its COVID-19 travel rules and lift some restrictions are good news for the airline industry $JETS $UAL $AAL $ALK
  • The S&P 500 have taken a clear dive to start the week and fear of full risk aversion is gaining traction. DailyFX's @JohnKicklighter discusses what to expect in the markets this week! https://t.co/Mlyp5Tbdax
  • $USD still pulling back from resistance. 93.43 was the Q1 swing high, still playing a role in $DXY support potential around prior res, ~93.20 https://t.co/3TnlEu0yZX https://t.co/ub8o4D8NhW
  • despite the theatrics elsewhere, $Gold has held last week's low through this week's open, at least so far even getting a bump higher. resistance potential 1769-1775 $GC $GLD https://t.co/4mbBa8Yzhu
  • While there is no doubt a risk aversion wave at play now, it can still burn itself out with years of complacency and the expectations of Fed on Wed (anticipation can take the wind out of sails). But if/when the Dollar takes off pre-FOMC, that would be. https://t.co/3qFNBQEEA3
  • Bitcoin probing Fibo support zone ~42,588 #Bitcoin $BTCUSD https://t.co/f5XeSk5VDY https://t.co/zKDRps62Id
  • EUR/USD extends the series of lower highs and lows from the previous week as European Central Bank (ECB) officials defend the dovish forward guidance for monetary policy. Get your $EURUSD market update from @DavidJSong here:https://t.co/4dgXe9lMik https://t.co/5CkSsQKawh
  • There are reasonable disputes over where technical boundaries exist from people with different views, charts, time frames, etc. I think this $SPX gap down and drive below the 50-day SMA clearly qualifies as a break https://t.co/M15HsOyvoG
  • Some people like a quiet market that edges higher consistently day in and day out. I am not one of those people. I like volatility
  • 🇺🇸 NAHB Housing Market Index (SEP) Actual: 76 Expected: 74 Previous: 75 https://www.dailyfx.com/economic-calendar#2021-09-20
Fourth Quarter Forecasts for Dollar, Euro, Oil, Equities, and More

Fourth Quarter Forecasts for Dollar, Euro, Oil, Equities, and More

The third quarter is now in the books, and the revival of market volatility and uncertainty around key thematic influences carries over into the fourth quarter of 2018. With fundamental issues around US-led trade wars, Brexit, the Italian government, Turkey, emerging market contagion, among others lingering, the final three months of the year should produce opportunities across asset classes.

See all of the DailyFX Trading Guides from the Quarterly Forecasts to the Top Trading Opportunities, How to Trade Event Risk, Building Confidence in Trading and so much more.

Fourth Quarter Forecasts for Dollar, Euro, Oil, Equities, and More

Dollar Feels Pressure of Its Trade Wars, Politics, Fed

The US Dollar has proven resilient in the months since US President Trump declared that “trade wars are good, and easy to win.” It is possible investors ignore this enormous burden until it starts to have its tangible impact on the economy – but speculative markets rarely wait.

Euro Stabilization in Q3 May Offer Base for a Rally in Q4

Insofar as we held a neutral outlook for the Euro in the past quarter, we are slightly more optimistic on the Euro’s potential for the final three months. Trading conditions are expected to remain choppy, but directionally, Euro rates should be biased to the topside.

Pound Traders Will Find Brexit Remains the Driver

As we enter the fourth quarter of 2018, the British Pound is picking itself up from its lows comparable to those plunged in summer 2017, and starting to re-coup some of this year’s losses. The overarching driver behind Sterling in the past few months – Brexit – is very likely to remain through the end of the year.

Yen Still Lacks Interest Rate Support, Haven Bids Will Endure

The Japanese Yen remained under clear pressure against the US Dollar through the third quarter, with USD/JPY hitting highs not seen since mid-January. However, while interest-rate differentials between the two clearly present the Yen at clear disadvantage, there will be much more to its trading as 2018 bows out.

Gold Selloff Likely to Continue as Fed Proceeds with Rate Hikes

Faith in the Federal Reserve’s commitment to raising rates has thus continued to weigh down gold prices. Barring an economic collapse that forces the Fed to reverse course, gold is likely to continue its downward trend throughout the fourth quarter.

Global Oil Demand in Question as OPEC Output Falters and US Shale Booms

The outlook for global growth has been called into question in recent months as emerging markets bow under external pressures and developed economies engage in trade wars. The outlook for crude demand is concerning – and thereby so too is the commodity’s price.

Global Stocks’ Strength Masks Vulnerabilities

Global share prices accelerated upward in the third quarter, building on the rebound started in the preceding three months. One might conclude perseverance against such odds speaks to hearty underlying strength, making continuation likely. Still, critical vulnerabilities are much too glaring to ignore; the global economy has decelerated in 2018.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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