Weekly Trading Forecast: US-China Trade War Escalation Unnerves Risk
This past week closed to a dramatic increase in the US-China trade war terms…and yet the markets seemed to simply shrug the news off. Complacency is increasingly dangerous with growth signals flagging and Trump considering another course trade conflict via autos.
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The Australian Dollar is stuck between global risk appetite and domestic monetary policy. Official Australian employment data may offer some temporary diversion.
Crude oil prices will likely continue to find themselves jerked between oscillations in market sentiment as fundamental themes increase pressure on investors.
The current environment may continue to drag on the price of gold as the Federal Reserve remains in no rush to alter the outlook for monetary policy.
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