Forecast - Risk Trends versus Monetary Policy versus Topical News
• The Pound was the biggest mover to start start the week as Brexit headlines clashed
• It isn't many steps for a UK exit from the EU motivating a similar divorce for other key EU or EZ members
• Monetary policy and risk trends will recapture market influence as events like the G20 meeting arrive
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Chief Strategist John Kicklighter discusses the top Forex fundamental themes for the coming week of trading. It isn't often that topical themes can best the influence of risk trends and divergent monetary policy in the FX markets, that certainly was the case to start this week. The news of EU-UK terms agreement on Brexit conditions at the EU Leaders Summit last week was shaken over the weekend by news that London's mayor would side with the exit camp. The pound move was severe, but it will it carry momentum? Meanwhile, the sentiment view and disparate rate hike to QE regimes of the world's most liquid centrals will not be held in check forever. We discuss which key fundamental theme will will wrestle the market's influence in this week's fundamental outlook webinar.
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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.