Volatility has cooled substantially this past week, but the wheels of fundamentals continue to turn with the leaders of all the major central banks due to weigh in on monetary policy in the week ahead.
A supersaturated economic calendar has the chance to breath life into the dejected US Dollar.
The Euro may decline as soft inflation and dovish comments from ECB President Draghi dim hopes for near-term reduction in the scale of monetary stimulus.
The past week was expected to be all about the Government’s legislative program and Brexit, as Theresa May went to Brussels to begin the divorce proceedings.
The Australian Dollar needn’t fall far against the greenback in the coming seven days. However, it looks short of fundamental reasons to gain and is carrying some heavy baggage.
Crude Oil prices were dealt another blow this week, even with global supplies showing contraction.
Equities Forecast: Major Global Indices Need to Prove Themselves Early This Week
We have a light economic calendar in the week ahead, but that doesn’t mean we won’t see some volatility with several major indices at critical junctures.
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 the IG Client Sentiment readings on the sentiment page.