Financial markets look set for another volatile week as top-tier economic data flow amplifies price swings driven by speculation about US fiscal policy.
Politically inspired US Dollar volatility may be compounded by a high-profile speech from Fed Chair Janet Yellen as well as the release of CPI and retail sales statistics.
There are a few items of importance due up over the coming days that will move the Euro, but nothing that will materially alter its current trajectory. Major influences are likely to come from elsewhere.
The British Pound has been remarkably resilient despite a lack of progress on Brexit and turbulent domestic politics, suggesting the bulls have the upper hand.
USD/JPY faces a growing risk of giving back the advance from the 2017-low (107.32) as the U.S. economic docket is expected to highlight a subdued outlook for inflation.
The Australian Dollar has stopped sliding against its US cousin and settled into a broad range trade. The coming week offers few obvious signs that this will change.
The Canadian Dollar is facing a host of negative headwinds with the price of oil currently the main supporting factor.
Chinese Yuan Forecast: Yuan Torn between Milestone Opening up, Private Investment Concern
Trump-Xi meeting has not only eased trade tensions but pushed China to make a big step forward in opening up its financial market; at the same time, the slowdown in private investment remains as a major concern.
Crude Oil Forecast: Crude Oil Sees Most Weekly Gains In A Year As Politics Support Price
Crude Oil is displaying the longest bullish run since October of 2016 as a new factor brings in support to the market, political instability.
Equities Forecast: Global Equities Pull Back - Buying Opportunity or Sign of What's to Come?
Global stocks put in the first notable pullback in months as reports of a delay to US tax cuts tempered recent bullish behavior. Is this the shift that will ultimately bring on reversal of years-old trends?
Prices rebounded off support this week with key inflation data next week to make-or-break the advance. Here are the updated targets & invalidation levels that matter.
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