Systemic themes such as trade wars and slower economic expansion will take a backseat for this upcoming trading week. Monetary policy will return to the forefront with the Fed decision on tap with four other central bank meetings while Brexit faces yet another ‘crucial’ week.
Euro Forecast: Focus for EURGBP, EURUSD Turns to BOE, Fed Meetings
With Euro-area March PMI reports due on Friday, traders’ attention for most of the week will be the latest Brexit developments, the BOE rate decision, and the Fed meeting.
Australian Dollar Forecast: Australian Dollar Could Slide Again If RBA Speakers Stay Dovish
The Australian Dollar may well face renewed pressure if the week’s central bank speeches again highlight the utility of a weaker currency. Stronger data may help the bulls’ cause though.
Crude Oil Forecast: Crude Oil Price Outlook Clouded by OPEC Meeting, Fed Rate Decision
The dominant uptrend in crude oil prices face a cloudy week ahead. Potential gains on the weekend OPEC+ joint meeting may be offset by US Dollar strength on the Fed rate decision.
British Pound Forecast: Brexit Meaningful Vote - Third Time Lucky?
Brexit will continue to dominate the domestic scene, putting the latest Bank of England policy decisions in the shade. Meaningful Vote 3 is expected to be voted down again, leaving PM May increasingly isolated.
US Dollar Forecast: EUR/USD Rate Outlook Hinges on FOMC Forward-Guidance
The EUR/USD rebound following the ECB meeting appears to have stalled ahead of the FOMC interest rate decision, with the Fed slated to unveil its updated forecasts.
Gold Forecast: Gold Price Forecast: Where Will XAUUSD Breakout Next?
While the spot gold price chart shows consolidation at its current level, looming fundamental drivers could ignite the next move in XAUUSD.
Equities Forecast: Dow Jones, S&P 500, FTSE 100 and DAX 30 Fundamental Forecast
With the major equity indices simultaneously testing technical resistance, catalysts will be found from fundamental developments in the week ahead.
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See how retail traders are positioning in the majors using the IG Client Sentiment readings on the sentiment page.
