- March 4, 2019
- Posted by: Trading
- Category: News
The Australian Dollar has got plenty of likely market movers coming its way, but the sum total of all of them may just add up to more falls
Sterling is ending the week on the front foot against all majors as No Deal Brexit recedes further. Next week GBP-pairs are likely to be driven by data and releases from a wide range of global central banks.
The US Dollar may build on gains scored late last week as a flood of top-tier data drives Fed policy speculation while global slowdown worries stoke haven demand.
Gold was more at risk to a bearish reversal last week as US GDP data boosted the US Dollar. Ahead, XAU/USD eyes US non-farm payrolls as well as the ECB and BoC rate decisions.
Inflation has been running more and more below the ECB’s medium-term target while topline growth readings have slowed. The odds of a hike around “summer 2019” have shrunk – and will likely evaporate this week.
Equity indices will look to rate decisions and employment figures this week while trade wars remain a constant factor.
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See how retail traders are positioning in the majors using the IG Client Sentiment readings on the sentiment page.