Weekly Trading Forecast: Key Data Flow Keeps Fed, ECB in Focus
Financial markets will remain preoccupied with Fed and ECB monetary policy expectations as US payrolls and Eurozone inflation data hits the wires in the week ahead.
The US Dollar avoided outright breakdown after Fed Chair Yellen’s speech at the Jackson Hole symposium. Jobs data is now in focus to inform rate hike speculation.
The British Pound fell again last week, as we forecast, but signs of stability were emerging by the week-end, suggesting that its decline may have come to an end, for now.
The four-month range in USD/JPY continued as prices remained pinned-down near support; But will a slew of high-impact releases out of the U.S. drive risk trends that might finally bring a directional move back into the Yen?
The Australian Dollar gets yet another neutral fundamental call this week, simply because so many of the factors that have kept it cornered remain in play.
The Canadian dollar has benefitted from higher rates and the weakness in the US dollar, but has it gone too far, too soon?
PBOC’s guidance, Yuan’s funding costs as well as China’s PMI gauges will be top drivers for Yuan rates next week.
Global markets remain leaning on soft backdrops heading into the final week of August.
Dollar weakness has helped fuel gains in gold prices with the rally now eyeing the 2017 highs. Here are the updated targets & invalidation levels that matter next week.
Common sense argues that a natural disaster is Bullish for commodities. Here’s why gas is going up, but Oil may not.
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.
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