Weekly Trading Forecast: Markets Chase Rate Hikes Outside the US
Financial markets are chasing nascent monetary policy turns outside the US. Rate hike prospects in Canada, Australia and the UK take top billing in the week ahead.
The US Dollar is at the mercy of changes in external monetary policy trends, with investors eager to capitalize when other central banks follow the Fed’s lead.
As long as the Euro has strong fundamentals behind it, traders may continue to find excuses to look long the single currency as we approach the ides of January.
The British Pound continues to push higher against a range of currencies but GBP bulls should take heed of next week’s UK inflation data, especially if consumer prices refuse to come down.
Australian Dollar bulls already have cause for celebration, especially when it comes to AUD/USD. However, this week could offer them even more, assuming the numbers don’t disappoint.
Chinese Yuan Forecast: Yuan Eyes on China GDP, Fixed Asset Investment
Key Chinese economic gauges have the Yuan at risk from home next week; at the same time, Chinese regulator’s view on the currency will continue to play a role.
Crude may continue to exhibit a bullish behavior over the coming days as OPEC and its allies see oil prices holding above the $60/bbl threshold.
Gold prices have rallied more than 7% off the December lows with the immediate advance now eyeing initial resistance. Here are the updated targets & invalidation levels that matter.
Equities Forecast: S&P 500 & FTSE Strength Continues; Can the DAX Catch Up?
The second week of the year brought more gains out of the U.S. and U.K.; the DAX struggled, can that change in the week ahead?
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See how retail traders are positioning in the majors using the IG Client Sentiment readings on the sentiment page.