The US Dollar is on the offensive as traders brace for what could be a major hawkish policy pivot at the Federal Reserve. Will Jerome Powell and company deliver?
Central bank meetings in the United Kingdom and the United States will overshadow anything coming out of the Eurozone this week.
Sterling traders will be happy to see a raft of potentially market moving releases and events next week after a week of twiddling their thumbs.
The Australian Dollar will be as in thrall to the week’s Federal Reserve monetary policy meeting as the rest of the currency complex
Crude oil is set for a second weekly gain despite a sharp rise in US output that shows little signs of slowing thanks to rising demand forecasts and geopolitical concerns as the market’s focus.
Equities Forecast: S&P 500 & FTSE Face FOMC, BoE; DAX Still Trying to Mend Itself
The coming week holds key events by way of the FOMC and BoE meetings; markets are still searching for sustainable buying pressure after the February plunge.
Gold prices could be at risk next week if the Federal Reserve echoes Chair Jerome Powell’s favorable outlook on the economy when they presumably hike rates again.
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.