Weekly Trading Forecast: Dollar Index, GBP/USD, Crude Oil, Gold, and more
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, 01-28-2018 at 03:02 PM (1158 Views)
US Dollar Forecast: US Dollar to Focus on External News Flow, Look Past FOMC and NFP
The US Dollar is more likely to find a lifeline from external news-flow rather than the upcoming FOMC policy announcement and January’s employment report.
British Pound Forecast: Remain Bullish But Don't Chase Trades Too Hard
A fair few bullish tailwinds have pushed GBP to multi- month and year highs and the backdrop remains positive. However with current levels elevated, don’t force trades, be patient.
Japanese Yen Forecast: USD/JPY Rate Eyes 2017-Low Ahead of FOMC Meeting, NFP Report
Key developments coming out of the U.S. economy may curb the recent decline in USD/JPY should Fed officials show a greater willingness to deliver a March rate-hike.
Australian Dollar Forecast: Australian Dollar Could Give Ground if US Data Prompt Rethink
The Australian Dollar could be somewhat less a prisoner of the US Administration this week, which may leave it looking a little weaker than it has been.
Crude Oil Forecast: Oil Prices Climb to Three-Year Highs as US Supplies Continue to Tighten
Oil prices continued to rise this week, as another hit to the U.S. Dollar combined with a tenth consecutive week of drawdown in U.S. supplies helped to keep prices elevated.
Gold Forecast: Gold Prices Fly as USD Slides- FOMC, NFP to Drive February Open
Gold prices marched higher this week as the dollar slump continues - but how long can this last? Here are the updated targets & invalidation levels that matter.
Equities Forecast: S&P 500 Faces FOMC, NFPs; DAX, FTSE Sell-offs Bring Trends into Question
The big events next week will be the FOMC and U.S. jobs report; several key Euro-zone/German numbers could impact the DAX, FTSE tries to stem last week’s tumble.
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