Weekly Fundamental Forecast:Trade Wars and Shutdown Fears Fade, Have We Entered a New Phase of Risk Appetite
The Australian Dollar has just come through a rather more peaceful week than the preceding one but could fall once more if the RBA continues to highlight the benefits of a weaker currency.
Crude oil will take its price cues from the ongoing concerns on increased supply from non-OPEC sources.
The US Dollar seesawed last week, reflecting the competing influence of fundamental cross-currents. Risk sentiment consistency may be needed for a lasting trend.
The Euro continues to slide alongside deteriorating inflation expectations, which just hit their lowest level in more than two years this past week. Upcoming survey figures don’t look that optimistic.
Developments coming out of the U.S. economy may continue to heighten the appeal of gold as the Federal Reserve further adjuststhe forward-guidance for monetary policy.
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