Though the capital and forex markets generally held back from systemic trends this past month, volatility was practically overflowing through the period. The typical ‘quiet December’ assumption will be put to the test against a laundry list of critical, unresolved fundamental threats. Traders should not be complacent.
Japanese Yen Forecast: USD/JPY Rate Vulnerable to Less-Hawkish Fed Testimony[1]
USD/JPY[2] may consolidate ahead of the last Federal Reserve meeting for 2018 as the exchange rate preserves the range-bound price action from November.
Australian Dollar Forecast: Australian Dollar Looks To Trump, Xi In Argentina, RBA Policy Meet[3]
The Australian Dollar[4] remains buoyed up against its US rival, and any signs of a trade thaw between Washington and Beijing could lift it further
Oil Forecast: Crude Books Worst Month in 10yrs, Outlook Turns Dour Pre-OPEC, G20[5]
Ouch. A massive reversal in the crude market has shifted the global outlook, and ripple[6] effects are being felt the Vienna OPEC meeting seen as last hope to salvage 2018.
Canadian Dollar Forecast: CAD Bracing for Volatility: BoC Hold, Jobs Report, OPEC Oil Cuts?[7]
The Canadian Dollar[8] is bracing for volatility as it has the BoC rate decision, November’s domestic jobs report and an OPEC meeting for near-term risks that carry long-term implications.
British Pound Forecast: Current Brexit Deal Won't Pass Through UK Parliamen[9]t
UK PM Theresa May continues to push her Brexit deal as the only viable option but the voting numbers don’t add up and that leaves Sterling increasingly vulnerable.
Euro Forecast: After G20 Summit, Attention Returns to Italy's Budget[10]
With
