Financial markets will remain preoccupied with Fed policy in the week ahead as Chair Yellen testifies in Congress and key US inflation data is released.
US Dollar Forecast: US Dollar May Shrug Off Soft Inflation as Yellen Remains Hawkish
The US Dollar may shrug off soft wholesale and retail inflation figures as Fed Chair Janet Yellen uses Congressional testimony to make the case for rate hikes.
Euro Forecast: Euro Bulls Get Room to Run: But Will They Show Up to Drive the Trend?
Next week brings a light economic docket for European data, and there are no Mario Draghi speeches on the calendar: Presenting an opportune time to substantiate recent themes of Euro strength.
Japanese Yen Forecast: USD/JPY Targets Topside Hurdles Ahead of Fed Chair Yellen Testimony
The Humphrey-Hawkins testimony may fuel the near-term advance in USD/JPY should Chair Janet Yellen endorse a more aggressive approach in normalizing monetary policy.
Australian Dollar Forecast: Australian Dollar Looks Trapped By Competing Influences
The Australian Dollar faces economic news from home, China and the US this week, a combination which may – perhaps counterintuitively – mean that it doesn’t get far either way.
Canadian Dollar Forecast: Now it Would be a Surprise if Rates Were Left Unchanged
There has been plenty of disagreement among analysts over whether the Bank of Canada will increase its overnight rate to 0.75% from 0.5% on July 12
Chinese Yuan Forecast: Yuan Eyes on New Yuan Loans, Trade Prints
Looking forward, a heavy economic calendar has the Yuan at risk from home.
Gold Forecast: Gold Prices Plunge Post NFP- Testing Support Ahead of Yellen, CPI
Prices are testing near-term support ahead of the Fed’s monetary policy testimony next week. Here are the updated targets & invalidation levels that matter.
Global Equities Forecast: S&P 500, DAX, FTSE 100 Threatened by Risk Aversion
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