A slowdown in top-tier economic news flow leaves battered financial markets to reckon with the aftershocks of last week’s back-to-back bombshells.
The US Dollar is caught between a confident Federal Reserve and skeptical financial markets even as political instability risk remains an ever-present threat.
The Euro’s bullish run has it a pause of sorts in recent weeks after a surge surrounding the French election, fueled been none other than a seeming retracement of economic optimism. Even the ECB has taken to tempering expectations at their June meeting.
The Australian Dollar gained on its US cousin thanks to weaker US inflation and stronger Australian labor markets. However, the coming week sees such key data much less abundant
The New Zealand Dollar is in a rut and is unlikely to break out either upwards or downwards as the central bank’s official cash rate looks set to remain at 1.75%.
Fresh remarks from Federal Reserve and Bank of Japan (BoJ) officials may encourage a long-term bullish outlook for USD/JPY amid the deviating paths for monetary policy.
The Canadian Dollar has rallied sharply in the last two weeks as hawks sniff tighter monetary policy after recent Bank of Canada commentary.
Chinese Yuan Forecast:Yuan Eyes MSCI’s Decision on A-Shares Inclusion
Chinese markets are all awaiting MSCI’s decision on whether to include Chinese A-shares into its global indices.
Gold fell for a second consecutive week taking prices below the monthly opening range lows. Here are the updated targets & invalidation levels that matter post-FOMC.
Long-term outlook remains bearish as Crude calendar spread goes deeper into Contango that is increasing fears that prices could test $40/bbl on the glut.
Equities Forecast: S&P 500, DAX, FTSE 100 Look to Stablize After ‘Seesaw’ Week
The calendar in the week ahead is light after several central banks met last week, volatility wasn’t in short supply; this week markets will look to try and firm up.
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.