Weekly Trading Forecast: Expect FX Volatility with NFPs, ECB and Much More Ahead
Coming off a holiday-tempered trading week, markets will be thrown right back into a period with shocking volatility potential. With key event risk every day each week, volatility and complacency may pose a severe risk to markets.
The week ahead is the antithesis of what we have come to expect from December.
Time to buckle up. Volatility is a near-certainty across EUR-crosses at the end of the week, with the ECB meeting on Thursday, both Draghi and Yellen speaking on Thursday, and the November US NFPs on Friday.
The Australian Dollar faces a perfect storm of volatility in the week ahead as high-profile event risk on the homegrown and the external fronts looms ahead.
The past six weeks have been brutal for Gold, and this was really sparked by rate hike expectations out of the Federal Reserve, as the top in Gold meshes well with the bottom in the US Dollar (both taking place on October 15th).
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