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  • The US Dollar is moving higher after a blowout NFP report bolstered confidence in the US economic recovery. Markets will now turn attention to next week’s US inflation data which could boost the Greenback. Get your market alert from @FxWestwater here: https://t.co/Ud62r3hKRF https://t.co/dvvDCJvlbP
  • GDP (Gross Domestic Product) economic data is deemed highly significant in the forex market. GDP figures are used as an indicator by fundamentalists to gauge the overall health and potential growth of a country. Learn use GDP data to your advantage here: https://t.co/Yl9vM7kO6a https://t.co/7g9pB8D9xK
  • The Federal Reserve System (the Fed) was founded in 1913 by the United States Congress. The Fed’s actions and policies have a major impact on currency value, affecting many trades involving the US Dollar. Learn more about the Fed here: https://t.co/ADSC4sIHrP https://t.co/OCLzmXaDCu
  • Technical analysis of charts aims to identify patterns and market trends by utilising differing forms of technical chart types and other chart functions. Learn about the top three technical analysis tools here: https://t.co/KDjIjLdTSk https://t.co/UZela9nSIm
  • The ISM manufacturing index plays an important role in forex trading, with ISM data influencing currency prices globally. Learn about the importance of the ISM manufacturing index here: https://t.co/Xr3xtoFpZy https://t.co/7oqC3ykBbU
  • Traders utilize varying time frames to speculate in the forex market. The two most common are long- and short-term-time frames which transmits through to trend and trigger charts. Learn more about time-frame analysis here: https://t.co/9S5tXIs3SX https://t.co/IgUIG55MbH
  • Supply constraints, rebounding global demand and rising inflation expectations may drive crude oil prices higher in the near term. Get your market update from @DanielGMoss here: https://t.co/ezPoAwcJt7 https://t.co/NMfk1cYSvE
  • Take a closer look visually at the most influential global importers and exporters here: https://t.co/G58J1dg6y3 https://t.co/OiRiBVeuzL
  • Crude Oil Prices Aiming Higher on OPEC Surprise, Inflation Expectations - https://www.dailyfx.com/forex/fundamental/forecast/weekly/title/2021/03/06/Crude-Oil-Prices-Aiming-Higher-on-OPEC-Surprise-Inflation-Expectations.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Moss&utm_campaign=twr $CL #Crudeoil #OOTT #OPEC https://t.co/AKvXWX9DLQ
  • Given the size of the rally in the eleven months preceding the beginning of the current decline a broader sell-off looks warranted. Get your market update from @PaulRobinsonFX here: https://t.co/UxZiSulpwB https://t.co/raXvlzkGbV
Weekly Trading Forecast: Trade Wars and Rate Decision Keep Traders on Edge

Weekly Trading Forecast: Trade Wars and Rate Decision Keep Traders on Edge

Capital and FX markets held remarkably stable given the fundamental pressure filling the horizon. With trade wars steadily gaining traction, key rate decisions (Fed, ECB, BoJ) and a range of high profile event risk the week ahead; traders should keep close watch on sparks in the markets.

See how retail traders are positioning in the FX majors, indices, gold and oil intraday using the DailyFX speculative positioning data on the sentiment page.

US Dollar Forecast: US Dollar Uptrend May Regain Momentum on G7, FOMC Outcomes

The US Dollar remained on the defensive for much of last week as markets continued to revel in the de-escalation of Eurozone political risk. Haven-seeking capital flows that launched the currency to an 11-month high as governments in Rome and Madrid appeared ready to implode reversed course after both managed to muddle through (at least for now).

Euro Forecast: Euro Rebound Faces Test with ECB Meeting on Thursday

Rumors that the ECB is getting ready to make a tweak to its QE program have spurred the Euro turnaround. The Euro will need more than rumors to keep its rebound going.

British Pound Forecast: Heavyweght Data to Dictate GBP Direction

Sterling is set to be dictated as key data kicks into high gear amid the backdrop of rising Brexit uncertainty.

Japanese Yen Forecast: The BoJ is On Deck, but Beware of Risk Trends From FOMC, ECB

It was another mixed week for the Japanese Yen, as the currency put in another indecision formation on the weekly chart of USD/JPY.

Canadian Dollar Forecast: USD/CAD to Eye 2018-High on Hawkish FOMC Rate Hike

USD/CAD holds near the monthly-high (1.3067) as the unexpected contraction in Canada Employment dampens bets for an imminent Bank of Canada (BoC) rate-hike, and the pair stands at risk of making a more meaningful run at the 2018-high (1.3125) especially if the Federal Open Market Committee (FOMC) delivers a hawkish rate-hike next week.

Australian Dollar Forecast: Australian Dollar Could Well Feel Rate Differential Chills Again

The Australian Dollar has just endured something of a volatile week. The good news, perhaps, is that it may not be set for a repeat in the next seven days. The bad news, for bulls at least, is that there are few reasons to expect much more strength.

Chinese Yuan Forecast: Yuan Eyes on FOMC, China-US-North Korea Relations, Investment Gauge

The Chinese Yuan gained against the U.S. Dollar after three consecutive losses. This was largely driven by the reduced momentum in the Dollar rally.

Gold Forecast: Gold Prices Hold Tight Range Ahead of FOMC, North Korean Summit

Gold prices inched higher this week with the precious metal up nearly 0.30% ahead of the New York close on Friday. The gains come amid continued strength in U.S. equity markets with the S&P 500 pressing higher for a third consecutive week.

Equities Forecast: S&P 500, DAX & FTSE - Fed, ECB in Spotlight Next Week

Looking ahead to next week, on Wednesday the Fed is expected to raise rates by 25 bps, and barring a major surprise on that front attention will, as per usual, be on the language and forward indications.

Crude Oil Forecast: Crude Oil Set To Fall Further as View of OPEC Production Hike Firms

Crude oil may have a difficult time resuming the trend that was so prevalent in the first half of the year as OPEC plans to fight sanctions and increase productions while US oil inventories showed the sharpest increase in US oil stockpiles since October 2008.

https://www.dailyfx.com/forex/fundamental/forecast/weekly/cad/2018/06/08/USDCAD-to-Eye-2018-High-on-Hawkish-FOMC-Rate-Hike-.html?ref-author=DFXGeneric

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

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