Weekly Forecast: A Crowded Field with Fed, BoE, BoJ and NFPs Ahead
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, 10-29-2017 at 02:13 PM (1027 Views)
US Dollar Forecast: US Dollar Rally Sees Risks in Trump Fed Pick, Tax Reform Pace
The US Dollar is posed to continue upward after surging to a three-month high but stalled progress on tax cuts and President Trump’s Fed Chair pick may emerge as roadblocks.
British Pound Forecast: Risk of Weakness After BoE Delivers Expected Rate Rise
There’s little doubt that the Bank of England will double the UK Bank Rate to 0.5% on ‘Super Thursday’ but the British Pound could fall afterwards.
Japanese Yen Forecast: Dovish BoJ to Continue Priming the Pump; Will JPY Respond?
The Japanese Yen showed strength after last week’s election-driven weakness. With the Bank of Japan on the docket ahead of the Fed, might the bank be able to provide another push of weakness into the Yen?
Australian Dollar Forecast: Australian Dollar Pressured But May Have Suffered Enough
The Australian Dollar got an unexpected thump last week from some feeble inflation figures, but its pounding may have been a little overdone.
Canadian Dollar Forecast: FOMC Meeting, BoC Rhetoric to Influence USD/CAD Outlook
The FOMC rate decision along with a fresh batch of BoC rhetoric may fuel the near-term advance in USD/CAD as Chair Yellen and Co. appear to on course to deliver a December rate-hike.
New Zealand Dollar Forecast: Desperately Seeking Support
The New Zealand dollar has fallen sharply since September’s elections and has retraced all of this year’s rally on a combination of political uncertainty and a stronger US dollar complex.
Chinese Yuan Forecast: Yuan May Face Slower Economic Growth, Await US-China Trade Talks
China’s new Party leaders have revised the economic expansion target, choosing quality over quantity. This could have impacted Yuan’s long-term trend. In the short term, Trump’s talk on trade before his China trip could drive Yuan moves.
Crude Oil Forecast: Brent to 27-month high, Flood of US Crude Fails To Ignite Oil Selling
Crude Oil bounced between fundamental drivers that continue to encourage Bulls and has led to a swelling in Bullish market positions.
Equities Forecast: S&P 500, FTSE Face FOMC, BoE; DAX Looks to Extend ECB-Rally
The week ahead is a busy one, with the FOMC on Wednesday and BoE meeting on Thursday; markets will look to extend their recent runs as one month ends and a new one begins.
Gold Forecast: Gold Prices Preserve October Range- FOMC to Fuel the Break
Gold has continued to hold above technical support with all eyes now fixated on the FOMC next week. Here are the updated targets & invalidation levels that matter.
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