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Fundamental Forecast - Brexit Drowns Out Other Market Themes

Fundamental Forecast - Brexit Drowns Out Other Market Themes

John Kicklighter, Chief Strategist

Talking Points:

  • Risk trends and the effectiveness of monetary policy remain key themes, but they are drowned out by Brexit
  • UK voters will determine whether they want the country to remain or leave the EU on Thursday
  • US, ECB and BoJ monetary policy speculation will be another discussion point this week - just not market moving

Having trouble trading in the FX markets? This may be why.

Chief Strategist John Kicklighter discusses the top Forex fundamental themes for the coming week of trading. There is only one focus heading into this week and that is the Brexit. Another dramatic swing to start the week for GBPUSD and the Pound showed the sensitivity and volatility sourced in this event risk. However, the reaction from the Dollar, Euro and global equities would further illustrate the scope of influence this impending event risk holds. Volatility and general risk conditions are positioned for explosive changes in sentiment, and this particular event carries the attention and definitiveness to set the markets into motion with momentum. We will return to effectiveness of monetary policy, risk trends and other key themes; but that is after the headline threat passes. We discuss the concentration of fundamental risks moving forward in the recording of this week's Fundamental webinar.

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