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Weekly Forecast: FOMC Minutes, Powell Speech Keep Fed in Focus

Weekly Forecast: FOMC Minutes, Powell Speech Keep Fed in Focus

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Fed monetary policy remains in focus for financial markets as minutes from May’s FOMC meeting and a speech from Fed Chair Powell cross the wires.

US Dollar Forecast: US Dollar Aims to Extend Rally on FOMC Minutes, Powell Speech

The US Dollar may continue higher as minutes from May’s FOMC meeting and a speech from Chair Powell boost Fed rate hike expectations further.

Euro Forecast: EUR/USD Decline May Not Be Finished

The rise of a populist Italian government has started to stir concern among market participants. Meanwhile, the preliminary May Eurozone PMI readings aren’t set to improve, giving little reason for the Euro’s downtrend to end.

British Pound Forecast: Plethora of UK Data to Dictate Near-Term Direction & BoE Policy

GBPUSD saw a somewhat calm week with the pair finding a base at 1.3450, while employment data remained robust. Key risk next week comes in the form of UK Inflation and GDP data.

Australian Dollar Forecast: Australian Dollar Fall May Pause, If Only For Lack Of Data

The Australian Dollar is unlikely to perk up meaningfully this week, but there is reason to suggest that it may not fall much further either

Chinese Yuan Forecast: Yuan May Gain Ahead of MSCI Inclusion; Risk from Trade Disputes Remains

In less than two weeks, Chinese A-shares will be officially added to MSCI indices, which will likely boost the demand in the Yuan. At the same time, China may find more mutual interests with Germany than with US.

Crude Oil Forecast: Brent Crude Steams Higher: Oil Sees 6th Weekly Gain, Tops $80

What a week for crude! Brent traded at its highest premium to WTI in three years by trading above $80/bbl as bullish forces continue.

Equities Forecast: S&P 500, DAX & FTSE - Maintaining a Bullish Stance

In the week ahead, we have a couple of key events which may test global stock markets, but overall the outlook remains relatively positive until bearish behavior shows itself.

Gold Forecast: Gold Prices May Fall As Non-Interest Metals Continue Losing Out

Gold prices could be in for another week of loses as government bond yields continue rising around the world and non-interest bearing assets lose relative appeal and the US Dollar rises.

Weekly Forecast: FOMC Minutes, Powell Speech Keep Fed in Focus

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See how retail traders are positioning in the majors using the IG Client Sentiment readings on the sentiment page.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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