An unexpectedly uncertain UK election and testimony from ousted FBI director James Comey may rattle markets and overshadow economic news-flow.
US Dollar Forecast:US Dollar at Risk as Political Jitters Rattle Financial Markets
The US Dollar is vulnerable to further weakness as political uncertainty shakes global markets and undermines the Fed’s ability to sustain a lasting rate hike cycle.
Euro Forecast: Euro Strength Despite Dovish Draghi: ECB Projections to Set the Tone
Euro strength remains resilient despite the multiple dovish comments from ECB President, Mario Draghi. Will next week’s ECB meeting and accompanying press conference highlight a more hawkish shift within the ECB?
British Pound Forecast: British Pound Recovery Mired by Threat of Hung U.K. Parliament
The U.K. snap election on June 8 may curb the near-term recovery in GBP/USD should Prime Minister Theresa May fail to establish a more unified government.
Australian Dollar Forecast:Australian Dollar Remains Vulnerable To China Data
This week offers an RBA policy meeting and official Australian growth figures, but China may remain more important for the Australian Dollar.
Chinese Yuan Forecast: Weak Reference Rate, Falling HIBOR Could Lead to Pullback in Yuan
Next week, Yuan’s funding cost, PBOC’s guidance as well as a heavy Chinese economic calendar will all weigh on Yuan rates.
Gold Forecast: Gold Price Eye Multi-Year Resistance Into June Open- ECB, RBA on Tap
Gold rallied for a third consecutive week with prices now testing critical resistance. Here are the updated targets & invalidation levels that matter into the June open.
Crude Oil Forecast: Oil Price is Not Dictated by OPEC, Market Conditions and Demand Guide
Jawboning by key crude producers is paradoxically acting to reinforce their waning influence over the direction of the market. So, if OPEC isn’t at the wheel, who is?
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