As a severe juxtaposition to this past week where event risk was extraordinarily light with modest improvement in critical themes allowing for some sentiment rebound, the week ahead is loaded with critical events with expected volatility readings plunging dangerous levels of complacency. When markets are prepared for sudden changes in the weather, the impact can be even more extreme.
The Australian Dollar market has had a busy start to the year, with plenty of news drivers from every quarter. This week may see some respite
Recent price action keeps the topside targets on the radar for crude oil especially as the Relative Strength Index (RSI) flirts with overbought territory.
The British Pound is ending the week in positive territory, although off its best levels, as GBP continues to nudge higher on expectations that a No Deal Brexit will be taken off the negotiating table.
The US Dollar faces what looks like a perfect storm of fundamental event risk as testimony from Fed Chair Powell, key data and US-China trade talks compete for attention.
Gold’s recent rally may stall should the US-China trade war reach an end as significant headwinds for global growth are lifted and risk is taken off the table.
Even as economic data momentum has started to improve in recent days, concerns linger about the stability of price pressures and how it may impact ECB policy.
As the US-China trade war deadline draws near, expectations of an extension increase. Brexit uncertainty continues to hold back the FTSE 100.
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.