Fed monetary policy remains in focus for financial markets as minutes from May’s FOMC meeting and a speech from Fed Chair Powell cross the wires.
US Dollar Forecast: US Dollar Aims to Extend Rally on FOMC Minutes, Powell Speech
The US Dollar may continue higher as minutes from May’s FOMC meeting and a speech from Chair Powell boost Fed rate hike expectations further.
British Pound Forecast: Plethora of UK Data to Dictate Near-Term Direction & BoE Policy
GBPUSD saw a somewhat calm week with the pair finding a base at 1.3450, while employment data remained robust. Key risk next week comes in the form of UK Inflation and GDP data.
Australian Dollar Forecast: Australian Dollar Fall May Pause, If Only For Lack Of Data
The Australian Dollar is unlikely to perk up meaningfully this week, but there is reason to suggest that it may not fall much further either
Chinese Yuan Forecast: Yuan May Gain Ahead of MSCI Inclusion; Risk from Trade Disputes Remains
In less than two weeks, Chinese A-shares will be officially added to MSCI indices, which will likely boost the demand in the Yuan. At the same time, China may find more mutual interests with Germany than with US.
Crude Oil Forecast: Brent Crude Steams Higher: Oil Sees 6th Weekly Gain, Tops $80
What a week for crude! Brent traded at its highest premium to WTI in three years by trading above $80/bbl as bullish forces continue.
Equities Forecast: S&P 500, DAX & FTSE - Maintaining a Bullish