Risk trends were remarkably sanguine this past week in the face of confirmed tariffs placed by the US and China on each other. Don’t expect risk trends or benchmark FX currencies to simply ignore the growing risks going forward.
See what live coverage is scheduled to cover key event risk for the FX and capital markets on the DailyFX Webinar Calendar[1].
US Dollar Forecast - US Dollar May Extend Advance as Fed Dials Up Hawkish Rhetoric[2]
The US Dollar[3] may rise for a fourth consecutive week as Federal Reserve officials dial up hawkish rhetoric, boosting bets on a fourth rate hike in 2018.
British Pound Forecast – GBP: Bank of England to Reveal All Next Week[4]
Sterling traders will be one edge next week ahead of ‘Super Thursday’ when the MPC will reveal if they are hiking or not, details and the increasingly important Quarterly Inflation Report.
Australian Dollar Forecast –AUD May Head Lower on Fed, BoE and EU CPI. Can Consolidation End?[5]
The Australian Dollar[6] again looks vulnerable, facing the Fed, BoE and EU CPI data. The potential for USD[7] gains next week may offer AUD/USD[8] a break out of persistent consolidation.
Japanese Yen Forecast - USD/JPY Weakness to Subside on Hawkish Fed Forward-Guidance[9]
The Fed interest rate decision on August 1 may influence the near-term outlook for USD/JPY[10] as the central bank appears to be on track to implement higher borrowing-costs.
Canadian Dollar Forecast – Canadian Dollar Outlook Firms on Easing Trade Tension with GDP Ahead[11]
Sentiment surrounding the
