US Dollar Forecast: US Dollar Looks to GDP Data for Another Upward Push
The US Dollar is eyeing first-quarter GDP data with hopes for another upward push having mounted a spirited recovery amid swelling Fed rate hike speculation.
Sterling traders have had a busy week with data prints and commentary from Bank of England Governor Mark Carney weighing on GBP.
Japanese Yen Forecast: Yen Weakness Remains as Japanese Inflation Settles: The BoJ is On Deck
After a spike in the early portion of the year inflation has started to settle in Japan, and with the BoJ on the calendar for next week, the door remains open for a continuation of Yen weakness.
Australian Dollar Forecast: Australian Dollar Faces Potential Local CPI and US GDP Miss
The Australian Dollar fundamental outlook is neutral as key local and US data might both underperform. Can risk trends take the spotlight in such a scenario?
Crude Oil Forecast: OPEC Approaches 'Mission Accomplished' Moment in Jeddah, WTI nears $70
Last week provided another feather in the cap for crude oil bulls with a combination of bullish comments from the IEA, tightening physical supplies from EIA, and OPEC’s progress.
Looking ahead to next week, we’ll be more focused on letting the market show