Weekly Trading Forecast: ECB, US GDP Top Action-Packed Calendar

Weekly Trading Forecast: ECB, US GDP Top Action-Packed Calendar

First-quarter US GDP data and an ECB monetary policy announcement headline an action-packed set of top-tier event risk in the week ahead.

US Dollar Forecast: US Dollar Looks to GDP Data for Another Upward Push

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.

Japanese Yen Forecast: Yen Weakness Remains as Japanese Inflation Settles: The BoJ is On Deck

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.

Australian Dollar Forecast: Australian Dollar Faces Potential Local CPI and US GDP Miss

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?

Crude Oil Forecast: OPEC Approaches ‘Mission Accomplished’ Moment in Jeddah, WTI nears $70

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.

Weekly Trading Forecast: ECB, US GDP Top Action-Packed Calendar

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.

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