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  • Indices Update: As of 14:00, these are your best and worst performers based on the London trading schedule: Wall Street: -0.91% US 500: -0.95% FTSE 100: -1.59% France 40: -1.87% Germany 30: -2.12% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/C4FezoR7ry
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  • Germany reduces economic growth forecast for 2021 to 3% from 4.4%, sees return to pre-crisis levels delayed until mid 2022. $EUR
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Video: What to Expect in the Markets in the Week Ahead

Video: What to Expect in the Markets in the Week Ahead

Martin Essex, MSTA, Katie Pilbeam,

Talking Points

  • The Dollar and US stocks may continue to fall on North Korea and Donald Trump's problems, including the disbanding of business councils.
  • A risk off tone is helping gold and the Yen.
  • The Euro is up on the ECB’s concerns about appreciation.
  • Next week sees UK Q2 GDP, Ifo and ZEW, Euro-Zone PMIs and the Jackson Hole symposium.

Check out our new Trading Guides: they’re free and have been updated for the third quarter of 2017

Markets finished last week on the back foot as US political turmoil took center stage, with many of Donald Trump’s business counsellors resigning. It’s risk off mode, sending equity indices through the floor as traders piled into safe haven assets, especially gold.

Daily FX Editor and Analyst Martin Essex explains how risk aversion mode is pushing money into safe havens and talks us through the gold chart.

For the week ahead, flash purchasing managers’ indices (PMIs) from the Euro-Zone are the big events to look out for in the wake of the European Central Bank sounding the alarm this week at the Euro’s strength. The currency just keeps on appreciating – which is putting pressure on the bloc’s exporters.

The key events which could shape market sentiment is the UK’s second quarter GDP, Germany’s Ifo and ZEW, Euro-Zone PMIs and the Jackson Hole symposium. where both Federal Reserve Chair Janet Yellen and ECB President Mario Draghi will speak.

--- Written by Martin Essex, Analyst and Editor, and Katie Pilbeam

To contact Martin, email him at martin.essex@ig.com

Follow Martin on Twitter @MartinSEssex

To contact Katie, email her at katie.pilbeam@ig.com

Follow Katie on Twitter @KatiePilbeamIG

For help to trade profitably, check out the IG Client Sentiment data

And you can learn more by listening to our regular trading webinars; here’s a list of what’s coming up

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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