Just as it seemed the markets were settling from their fears over escalating trade wars, the flames were fanned to close the week. How will risk trends evolve into the coming week amid regular data flow?
US Dollar Forecast: US Dollar Gives Back Gains After NFP: Inflation Numbers on the Horizon
The US Dollar started Q2 on a bright note, but a disappointing NFP report reversed a large portion of this week’s gains, and DXY remains near the 90.00 level as we approach the release of March inflation numbers.
British Pound Forecast: Lack of Data Leaves Sterling Adrift Sterling traders will need to cognizant of developments in other markets as the UK data calendar is thin and will provide no direction.
Australian Dollar Forecast: Australian Dollar Still Vulnerable To Global Trade Headlines
The Australian economy is not doing badly, but its currency remains mired thanks to low interest rates and – fairly or not- US/China trade worries
Chinese Yuan Forecast: Yuan at Risk amid US-China Tariff Attacks, Multilateral Trade Disputes
The US-China trade war will continue to drive Yuan moves. In addition, it seems that more countries have joined the battles.
Crude Oil Forecast: Oil Looks to OPEC Monthly Report, US CPI and Trade Developments
Crude oil prices are in for a week loaded with event risk. We have the International Energy Forum, OPEC’s monthly oil report and ongoing developments on US/China trade relations.
Equities Forecast: S&P 500, DAX & FTSE – Global Markets at Risk of Another Swoon
Last week was a volatile week, expect more of the same in the week ahead; how the S&P 500 handles major support will dictate whether we see another swoon soon set in.
Gold Forecast: Gold Prices Bid as Weak NFPs, Trade War Concerns Stoke Haven Demand
Gold nudged higher this week but the jury is still out on whether a near-term low is in. Here are the updated targets & invalidation levels that matter from here.
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