Weekly Trading Forecast: All Eyes on RBA, RBNZ and BOE Rate Calls
Monetary policy announcements from the RBA, the RBNZ and the Bank of England are poised to dominate financial markets' attention in the week ahead.
The US Dollar ended a seven-week losing streak in the wake of January’s impressive US jobs data. Its ability to sustain momentum is likely to depend on external factors however.
A significantly quieter calendar for the Euro means global risk trends will take the reins this week.
The Australian Dollar remains elevated against its US cousin. Below-target domestic inflation and a lack of desire to see it rise further may keep the RBA after it sets rates.
Chinese Yuan Forecast: Yuan May Suspend Advance amid Trade Concerns
The offshore Yuan gained for the eighth straight week against the U.S. Dollar. However, emerging trade disagreements between China and its major partners may suspend the advance.
Oil prices pulled back this week as increasing U.S. production and strength in the U.S. Dollar combined to hit the bullish trend. But after having just set a fresh three-year high last week, are Oil prices primed for a deeper sell-off?
Gold prices plummeted on the back of Friday’s strong NFP release with the further losses likely near-term. Here are the updated targets & invalidation levels that matter.
Equities Forecast: Global Equity Markets Crack, Next Week Will Be Important
Last week global equity markets took a spill, it will be important for them to start mounting a recovery quickly or risk further damage.
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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.