Next week’s UK data vacuum will be filled by the latest political shenanigans with rumor and counter-rumor focusing on who is up to what, with who and why.
Traders shouldn’t be surprised if gold prices spend most of the week trading sideways ahead of the Federal Reserve’s Jackson Hole Economic Policy Symposium.
The Euro may fall as dovish ECB meeting minutes and soft PMI data set the stage for easing in September while Italy flirts with early elections.
The US Dollar may rise if the Fed meeting minutes and commentary at the Jackson Hole symposium spooks markets and boost demand for liquidity.
Crude oil prices continue to drop as the economic data keep huge question marks glowering over likely demand levels.
Gold prices may continue inching upward but technical cues pointing to ebbing momentum are warning of a possible pullback before the broader rise resumes.
Crude oil prices may continue to fall alongside stocks if soggy US retail sales and other data continues to feed fears about a looming slump in economic growth.
Gold prices may find some lift in soft German GDP data, but technical positioning warns that a reversal downward may be brewing ahead.
Gold prices may turn lower as US inflation data prints near the Fed’s target, cooling increasingly dramatic speculation about an incoming interest rate cut cycle.
Crude oil prices managed an upswing amid reports of a Saudi output cut on Friday, but the US-China trade war is likely to remain the dominant catalyst.
Crude oil prices may succumb to selling pressure once again after a brief respite as trade war worries push markets to reduce exposure ahead of the weekend.
Get today’s forex trading news, as well as insights and analysis from the DailyFX team. We provide up-to-date forex market news from around the world to help you react to changes in price forecasts and market sentiment.