- August 18, 2018
- Posted by: Trading
- Category: News
View our economic calendar to see the events that might influence each currency this week.
The Fed’s Economic Symposium may curb the recent rebound in EUR/USD should Chairman Jerome Powell & Co. strike a hawkish forward-guidance for monetary policy.
The UK’s economy continues to move forward, albeit slowly, with unemployment hitting the lowest level in over four decades. However, the elephant in the room, Brexit, remains difficult to move.
The Australian Dollar remains mired by the fact that there are few fundamental reasons to prefer it to its US cousin. However, this week may see its fall slow, if not stop.
Next week brings FOMC minutes, Jackson Hole and potentially other threats, however; if news flow cools so may trading activity in a summer trading environment.
Gold is down for a sixth consecutive week with price holding just above long-term up-trend support. These are the targets & invalidation levels that matter next week.
Commodities often look to demand from emerging markets as developed markets are increasingly tech-driven and the 13% drop in WTI is indicative that EM fears are resurfacing.
View our Third Quarter Forecast for currencies, commodities, and equities to give a broader view of trends and sentiment influencing different assets.