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Weekly Trading Forecast: US Politics, Economic News Flow Clash

Weekly Trading Forecast: US Politics, Economic News Flow Clash

2017-05-20 04:53:00
Ilya Spivak, David Cottle, Paul Robinson, Martin Essex, MSTA, Renee Mu, Tyler Yell, CMT, Nick Cawley, Jeremy Wagner, CEWA-M, John Kicklighter, Christopher Vecchio, CFA,
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Financial markets were consumed with shaky US politics last week. Upcoming news-flow from Washington DC may be no less potent even as top-tier economic event risk returns.

US Dollar Forecast: US Dollar May Rebound as the Fed Reasserts Rate Hike Intentions

The US Dollar may rebound after suffering steep losses amid political instability fears as Fed officials reassert their intent to press on with interest rate hikes.

Euro Forecast: Euro Positioned to Continue Rally versus Greenback, Commodity Currencies

A light economic calendar this week should keep the Euro in the market’s favor, particularly against the Australian, New Zealand, and US Dollars, which it has fared quite well against in recent weeks amid rising political pressure out of the United States and greater selling pressure in the commodity complex.

Japanese Yen Forecast: Yen Crosses Look for Permanent Traction in Equity, Risk Slide

USD/JPY witnessed its first decline in six weeks this past week. hile there looms a range of both domestic and global event risk in the coming week, the focus is likely to default to general evaluations of sentiment.

Canadian Dollar Forecast: Which Way Will the BoC Jump?

It’s still widely expected that the central bank’s next move will be an increase in its 0.50% key policy rate towards the end of this year but most of the recent evidence has pointed the other way.

Australian Dollar Forecast:Australian Dollar Stuck With Its US Cousin's Moodswings

The Australian Dollar seems mired at the moment, with the US Dollar driving. This week probably won’t see much change there as the data schedule is thin

New Zealand Dollar Forecast: The Selling Pressure is Off For Now

The outlook for the Kiwi dollar remains negative but current levels don’t appeal for the longer-term bears.

Gold Forecast: Gold Prices Resume Bull Trend After Halting a 4 Week Slide

One development from this past week that pulled the yellow metal higher was the Fed interest rate expectations slowing down into the remainder of 2017.

Chinese Yuan Forecast: Yuan May Extend Gains on PBOC's Strong Guidance

A few moves from Chinese regulators this week may have added confidence into Yuan rates.

Crude Oil Forecast: All Eyes on Vienna As OPEC Looks To Lock In Extension

Next week, OPEC will meet in Vienna and is expected to extend production cuts from major oil producers through March 2018 in attempt to balance global oil supply with demand.

Equities Forecast: S&P 500 Attempts to Shrug Off Political Headwinds

Global markets will attempt to repair damage in the week ahead, but if key levels aren’t broken another dive lower could develop.

Weekly Trading Forecast: US Politics, Economic News Flow Clash

See what live coverage is scheduled to cover key event risk for the FX and capital markets on the DailyFX Webinar Calendar.

See how retail traders are positioning in the majors using IG Client Sentiment readings on the sentiment page.

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

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