Financial markets were consumed with shaky US politics last week. Upcoming news-flow from Washington DC may be no less potent even as top-tier economic event risk returns.
US Dollar Forecast: US Dollar May Rebound as the Fed Reasserts Rate Hike Intentions
The US Dollar may rebound after suffering steep losses amid political instability fears as Fed officials reassert their intent to press on with interest rate hikes.
Japanese Yen Forecast: Yen Crosses Look for Permanent Traction in Equity, Risk Slide
USD/JPYÂ witnessed its first decline in six weeks this past week. hile there looms a range of both domestic and global event risk in the coming week, the focus is likely to default to general evaluations of sentiment.
It’s still widely expected that the central bank’s next move will be an increase in its 0.50% key policy rate towards the end of this year but most of the recent evidence has pointed the other way.
Australian Dollar Forecast: Australian Dollar Stuck With Its US Cousin’s Moodswings
The Australian Dollar seems mired at the moment, with the US Dollar driving. This week probably won’t see much change there as the data schedule is thin
New Zealand Dollar Forecast: The Selling Pressure is Off For Now
The outlook for the Kiwi dollar remains negative but current levels don’t appeal for the longer-term bears.
Gold Forecast: Gold Prices Resume Bull Trend After Halting a 4 Week Slide
One development from this past week that pulled the yellow metal higher was the Fed interest rate expectations slowing down into the remainder of 2017.
Chinese Yuan Forecast:Â Yuan May Extend Gains on PBOC’s Strong Guidance
A few moves from Chinese regulators this week may have added confidence into Yuan rates.
Crude Oil Forecast: All Eyes on Vienna As OPEC Looks To Lock In Extension
Next week, OPEC will meet in Vienna and is expected to extend production cuts from major oil producers through March 2018 in attempt to balance global oil supply with demand.
