Weekly Fundamental Forecast for 2016, November 13 - November 20
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, 11-13-2016 at 04:40 PM (859 Views)
US Dollar Forecast - Can Dollar Extend its Best Week’s Rally in a Year Post Trump Win?
The trade-weighted ICE Dollar Index posted its strongest weekly advance in 12 months with this past Friday’s close.
British Pound Forecast - British Pound to Extend Relief Rally on Hawkish BoE Testimony
TheBritish Pound may stage a larger relief rally over the days ahead should the key developments coming out of the U.K. raise the outlook for inflation and dampen market expectations for another round of monetary support.
Canadian Dollar Forecast - Canadian Dollar Has Asymmetric Risk with Trump’s Reflationary Views
The Canadian Dollar traded as low as 1.3547 on Friday, hitting its lowest levels since March. This week brought the improbable event of the non-politician Real Estate Magnate, Donald Trumpbeing electedPresident of the United States.
Australian Dollar Forecast -Aussie Dollar at Risk as Trump Platform Feeds Fed vs. RBA Divergence
Breakneck volatility in the wake of the US presidential election may have finally set direction for the Australian Dollar after three months of aimless drift.
New Zealand Dollar Forecast- RBNZ’s Mixed Signals Bring Bearish Drive to NZD/USD
In the Post-Financial Collapse economic environment, Central Banks have taken on a key and critical role in the management of most major economies on Earth.
Chinese Yuan Forecast- Yuan Bounces Likely to Be Short-lived As December Rate Hike Looms
The Yuan resumed losses against the U.S. Dollar this week following bounces in the last week. Both the offshore and onshore Yuan have hit fresh records: the USD/CNH touched 6.8495 on Friday, setting a new all-time low for the offshore Yuan.
Gold Forecast - Gold Prices Plummet 6% as Trump Win Fuels Risk
Gold prices plummeted this week with the precious metal down more than 6.2% to trade at 1222 ahead of the New York close on Friday. The losses come on the back of a stunning victory by president-elect Donald Trump with all three major U.S. stock indices closing markedly higher as yields on 10-year Treasuries surged to levels not seen since January.
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