The US Dollar is eyeing first-quarter GDP data with hopes for another upward push having mounted a spirited recovery amid swelling Fed rate hike speculation.
British Pound Forecast: The Trend Remains Your Long-Term Friend
Sterling traders have had a busy week with data prints and commentary from Bank of England Governor Mark Carney weighing on GBP.
After a spike in the early portion of the year inflation has started to settle in Japan, and with the BoJ on the calendar for next week, the door remains open for a continuation of Yen weakness.
The Australian Dollar fundamental outlook is neutral as key local and US data might both underperform. Can risk trends take the spotlight in such a scenario?
Last week provided another feather in the cap for crude oil bulls with a combination of bullish comments from the IEA, tightening physical supplies from EIA, and OPEC’s progress.
Equities Forecast: S&P 500, DAX & FTSE – Outlook Shrouded in Uncertainty
Looking ahead to next week, we’ll be more focused on letting the market show its ‘true colors’ as the outlook is a bit hazy at the moment; ECB in the spotlight for the DAX
Gold Forecast: Breaking of Ranges is Unlikely To Be on the Cards for Gold
Gold prices slid amid rising expectations of 3 more rate hikes, pricing now at 44%, alongside easing geopolitical tensions. Looking ahead, US GDP and Trade Balance could instigate notable price action in the bullion.
See what live coverage is scheduled to cover key event risk for the FX and capital markets on the DailyFX Webinar Calendar.
See how retail traders are positioning in the majors using the IG Client Sentiment readings on the sentiment page.