Benchmarks indices and currencies from the Dow to the Dollar continue to burn through volatility, but meaningful trends remain elusive. Can key event risk like China GDP or the BoC rate decision offer clarity to counter the general uncertainty of political risk?
US Dollar Forecast: US Dollar Range Continues as Inflation Prints at One-Year Highs
The US Dollar continued to hold the range that’s been present for the past two months, and another strong inflation report may keep bears at bay for a while longer.
Sterling traders will be on their toes on Tuesday and Wednesday next week, waiting for the latest UK jobs, wages and inflation releases. Will they underpin the recent GBP rally?
Australian Dollar Forecast: Australian Dollar Rides Out Broadly Stronger China Trade Data
The Australian Dollar market was clearly focused elsewhere Friday and didn’t react much to news of a Chinese import surge, and a rise in its trade surplus with the US
US-China tariffs attacks may be on hold, but each party has begun to bring in allies. Also, China will release the first quarter GDP, having the Yuan at risk from home.
Crude Oil Forecast: Crude Oil Bulls Have a Banner Week As Reasons To Be Long Multiply
Crude oil traded to the highest level since 2014 this week on escalating geopolitical tensions that could lead to supply shocks while IEA says demand remains robust.