Forex Forecast: US, UK and Eurozone Rate Forecasts vs Risk Trends
• Global equities dove last week, but momentum on 'risk aversion' has yet to hit full stride
• Interest rate expectations will be a charged driver for the majors with US, UK and Eurozone CPI data
• Chinese 1Q GDP may be the top indicator for the week, but a shortened week for risk may curb impact
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Chief Strategist John Kicklighter discusses the top Forex fundamental themes for the coming week of trading. These sessions are held live every Monday at 16:30 GMT. This week will see the top two fundamental themes that vie for control over the FX and capital markets in a particularly intense standoff. On the risk side, we have the momentum from the past two weeks' equity selloff positioning investors and traders on the edge of their seats. A Chinese 1Q GDP figure is a big ticket item, but the liquidity drain for Friday's Western world holiday creates a big unknown. Meanwhile, rate forecasts amongst the majors can be significantly changed by important event risk this week.
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.