Weekly Trading Forecast: Fed Rate Decision Anchors Treacherous Weak of Heavy Event Risk
There is critical event risk scheduled for each trading day of the coming week. With volatility already on the rise with the Dollar and S&P 500 reaching for new highs, expect heavy risk ahead.
The Dollar posted its best week performance in five months with this past Friday’s close.
The European Central Bank surprised at their meeting on Thursday, and now market participants are discounting the next wave easing to commence in December. As a result, significant technical damage has been done to the EUR-crosses in the ECB’s wake.
GBP/USD stands at risk of facing increased volatility in the week ahead as market attention turns to the Federal Reserve’s October 28 interest rate decision, while the U.S. & U.K. are scheduled to release their Gross Domestic Product (GDP) reports for the third-quarter of 201
The Japanese Yen fell for six consecutive trading days and finished the week at multi-month lows versus the resurgent US Dollar, and a big week ahead promises big moves for the USD/JPY and other Yen pairs.
Australian Dollar volatility is set to return after two weeks of lackluster momentum amid heavy speculation about the direction of RBA and Federal Reserve monetary policy.
It was one of those good news/bad news weeks for the New Zealand economy.
Gold prices are weaker this week with the precious metal down 1.3% to trade at 1161 ahead of the New York close on Friday- its largest weekly decline since August.
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