Weekly Fundamental Forecast: Will the Fed, Brexit, Stimulus Tip Financial Stability?
Event risk in the week ahead is dense with expected sparks like the Fed, BoJ, BoE rate decisions, Brexit speculation and oil prices' moderation. However, the market's path forward has likely more to do with underlying conditions than surface catalysts.
Coming into this week’s Reserve Bank of New Zealand rate announcement, expectations for future rate policy were extremely low.
A wave of negative headlines sent the British Pound and the UK FTSE 100 sharply lower and both registered their largest single-week declines in at least three months.
USD/CAD dropped aggressively on Friday when Canada Released May Employment figures that far surpassed what economists were expecting.
USD/JPY is poised to face increased volatility over the coming days as market attention turns to the Federal Open Market Committee (FOMC) and the Bank of Japan (BoJ) interest-rate decisions scheduled for the week ahead.
The Australian Dollar looks set for another week of seesaw volatility as monetary policy bets and sentiment trends clash for influence over the exchange rate.
Gold prices rallied for a second consecutive week with the precious metal up more than 2.2% to trade at 1275 ahead of the New York close on Friday.
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