Weekly Trading Forecast: Liquidity Fills Back Out to US GDP, BOJ and BOC Rate Decisions
While trade wars and global growth were active themes this past week, the conditions in liquidity sidelined most efforts to spin headlines into critical mass market moves. In the week ahead, the return from holiday will test traders focus on critical events like US earnings, BOJ and BOC rate decisions and 1Q US GDP among other high level event risk.
Check out our Economic Calendar for upcoming economic data and central bank events.
The Australian Dollar has been resilient as global risk appetite has held up pretty well. However, the market can now look to official inflation figures. They may not help the bulls’ cause
The crude oil price outlook is neutral after the commodity and the S&P 500 stalled. Can Chevron, Exxon Mobil earnings fuel the dominant uptrend? Or will soft US GDP data sink oil?
Expect fresh Brexit headlines next week with Parliament returning from recess following the UK’s second extension to the EU Withdrawal Agreement. What should British Pound traders watch for?
The US Dollar may rise, buoyed by haven-seeking capital flows as financial markets bombarded with evidence of slowing global growth unwind exposure to risky assets.
Gold prices turned lower mid-week as a reinvigorated US Dollar sapped demand for bullion; the combination of strong US equities and a strong US Dollar has been historically negative for Gold prices.
Markets are unforgiving, and the Euro is currently under the pump with very little currently in the way of support to help stem the ongoing sell-off.
Equity Index Forecast - Dow Jones, S&P 500, DAX 30 and Nikkei 225 Fundamental Forecast
Earnings season is in full swing with corporate giants like Microsoft and Amazon slated to report in the week ahead. Meanwhile, the Nikkei looks to a rate decision from the Bank of Japan.
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.