The US Dollar may struggle to capitalize on a hawkish Fed as other central banks including the BOE and ECB prepare to following its lead and pull back on stimulus.
US Dollar Forecast: US Dollar Will Try To Build on Post-FOMC Gains. Will It Succeed?
The US Dollar snapped a four-week losing streak and looks likely to attempt a larger recovery following a hawkish FOMC policy meeting. It’s success is far from assured.
A quieter calendar for most of the week ahead of the Friday release of the Euro-Zone CPI report means the Euro will be left to the whims of the other major currencies for most of the week.
GBP/USD will likely pause for breath this week after its steady climb throughout the year so far.
The Bank of Japan may be even more dovish now with the addition of a new board member, but threats from North Korea may continue to restrain the runaway Yen-weakness that’s become commonplace in risk-on environments.
The Australian Dollar’s 2017 role in life seems to be to hover around its highs, at least against the US version. There seems little chance of a change this week.
Fresh remarks from the Reserve Bank of New Zealand (RBNZ) may influence the near-term outlook for NZD/USD with Prime Minister Bill English slated to win the election.
Equities Forecast: S&P 500 Looks to Maintain Footing; DAX, German Elections This Weekend
Looking ahead to next week markets will try to keep steady footing barring surprises – North Korea, German elections – FTSE rises back into key resistance on May ‘Brexit’ speech.
Gold broke below the monthly opening-range lows this week with prices at risk for further losses near-term. Here are the updated targets & invalidation levels that matter.
The price of a barrel of oil has moved higher in the past three months as the current OPEC production cut agreement crimped output but markets now need to know if these cuts will be extended or 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.