Weekly Trading Forecast: Fed Forecasts, Brexit And China Just A Few Key Themes This Week

Key financial market themes are finding traction between key data (ie US inflation), events (G-20) and headlines (EU Brexit headway). Will volatility evolve into trend?

US Dollar Forecast – Dollar: What Will It Take to Recharge Momentum in the Coming Week?

A retreat through Friday left the US Dollar with limited gains on the week. Nevertheless,the Greenback will head into the new trading week with tangible gains against the Euro and Pound – two of its most liquid counterparts.

British Pound Forecast – Brexit Deal Could Bring a Bid to GBP

Dominating the headlines for the foreseeable future in the UK will be the prospect of a ‘Brexit,’ or a British exit from the European Union.

Japanese Yen Forecast – Japanese Yen Poised to Gain Further Unless this Changes

The Japanese Yen finished the week marginally higher despite a clear disappointment in economic growth figures, and two key themes will likely determine whether the JPYresumes its impressive year-to-date uptrend.

Canadian Dollar Forecast – USD/CAD Range Vulnerable to Fresh Fed Rhetoric, Slowing U.S. GDP

The long-term outlook for USD/CAD remains tilted to the upside amid the deviating paths for monetary policy, but signs of a slowing recovery in the world’s largest economy may spur a further correction in the exchange rate especially as the Federal Reserve remains in no rush to implement higher borrowing-costs.

Australian Dollar Forecast – Aussie Dollar at the Mercy of Risk Trends on US, Eurozone Data

The Australian Dollar is set to look past a lackluster domestic data docket to trade with risk sentiment trends on the back of high-profile US and Eurozone event risk.

New Zealand Dollar Forecast – New Zealand Interest Rates Expectations Favor NZD Bears

The New Zealand Dollar remains unable to sustain a push higher as the macroeconomic data continues to prevent a risk-on rally, which NZD benefits from to be sustained.