Weekly Trading Forecast: Greece, Volatility and Key Data Ahead
The markets are primed for volatility ahead as traders await updates on key themes and event risk: including Greece’s bailout, China 3Q GDP and a wealth of key central bank speeches.
The Dollar may have closed the past week with a gain, but it certainly wasn’t showing the kind of bullish conviction that would project a lasting move. Indecision is likely to give way to a decisive move in the week ahead.
The Greek aid proposal isn't that different from what we've seen offered from the Eurogroup - it's a short-term solution that doesn't address the Euro-Zone's main problem: a lack of a fiscal union.
The Australian Dollar is looking to last-ditch Greek debt deal negotiations and testimony from Fed Chair Janet Yellen for direction clues.
The narrowing risk for a Euro-Zone breakup paired with signs of a stronger U.K. recovery should heighten the appeal of the British Pound
Gold prices plummeted this week with the precious metal down 2.2% to trade at 1174 ahead of the New York close on Friday
The Japanese Yen finished the week nearly unchanged as an early-week surge gave way to similarly dramatic late week reversal
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