US-China Trade Talks and a Rebound in Equities Warms Speculative Interest for Next Week

View our economic calendar to see the events that might influence each currency this week.

US Dollar Forecast: US Dollar Rally May Resume on Fed Minutes, Jackson Hole Symposium

The US Dollar fell from an 18-month high on hopes for trade war de-escalation. Augusts’ FOMC meeting minutes and the Jackson Hole Symposium may revive the rally.

Euro Forecast: EUR/USD Vulnerable to Dovish ECB Minutes, Hawkish Fed Symposium

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.

British Pound Forecast: Brexit Concerns Continue to Outweigh Positive Economic Data

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.

Australian Dollar Forecast: Australian Dollar May Get Some Respite If Only For Lack of News

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.

Japanese Yen Forecast: Risk Aversion Keeps a Bid behind the Yen, Inflation Data on Deck

The Japanese Yen continues to hold on to strength as risk aversion remains across currencies. With a vulnerable Euro, and an expensive US Dollar, the Japanese Yen may be exposed to further gains.

Chinese Yuan Forecast: Chinese Yuan, Hong Kong Dollar Eye on Central Banks’ Defense At Key Levels

The PBOC has stepped in twice when the USD/CNH broke above 6.90; HKMA has intervened eighteen times when the USD/HKD hit 7.85.

Equity Forecast: S&P 500, DAX, & FTSE: Will Headlines Trump Summer Doldrums?

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 Forecast: Gold Prices Test 2015 Uptrend Support Ahead of Jackson Hole

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.

Crude Oil Forecast:Crude Oil Price Drops for 7th Straight Week on Emerging Market Fears

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.

Source link

Leave a Reply

error: Content is protected !!