Weekly Trading Forecast: Trade War Sentiment Fluctuates Violently, Sabotages Risk Trends
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The Australian Dollar fell further last week as the foreign and domestic negatives for it piled up. A general risk appetite bounce could help but is hard to foresee
The US Dollar may rise as the Federal Reserve talks down prospects for near-term stimulus even as slowing growth and shaky politics rattle global financial markets
Spot gold prices eye safe-haven bids in response to US China trade war risk, but XAUUSD could face headwinds if the May FOMC minutes due for release next week reveal a hawkish Fed.
The Euro will likely experience its most volatile week year-to-date as the ECB and Fed release their meeting minutes and the EU undergoes the most consequential vote in its history
US/China continue to pressure equity markets, focus turns towards Fed Chair Powell. DAX finds relief from delay in EU auto import tariffs
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.