The US Dollar[1], Japanese Yen[2] and gold prices[3] look to US GDP data as well as the escalating US-China trade war for directional cues.
Gold Prices May Rise if US GDP Data Boosts Fed Rate Cut Bets[4]
Gold prices may be given a tailwind if US GDP data underwhelms and bolsters the case for accommodative policy measures, increasing the appeal of holding non-interest-bearing assets.
US Dollar Vulnerable to Slowing Durable Goods Orders, 2Q GDP Revision[5]
The economic docket for the final week of August may produce headwinds for the Dollar as data prints coming out of the US are anticipated to show a slowing economy.
Weekly Euro Forecast: US-China Trade War Sparks Recovery; Eurozone Inflation Due[6]
“One man’s trash is another man’s treasure.” In a similar vein, the US Dollar’s woes due to the escalating US-China trade war leave the Euro[7] in a place to benefit.
Australian Dollar Outlook Grim Unless Global Market Mood Improves[8]
Things don’t look great for the Australian Dollar[9] either fundamentally or technically. Given the lack of domestic news points 21526345this week, it will probably take a global risk appetite revival to lift it.
Crude Oil Price Forecast: Oil Slumps as US-China Trade War Erupts[10]
Crude oil[11] is slumping into the close and next week may well see the move extend after China ramped-up their trade war with the US by imposing a fresh round of trade tariffs.
Dow Jones, Nasdaq 100, CAC 40, DAX 30 Fundamental Forecasts[12]
The Dow Jones[13], DAX 30[14] and FTSE 100[15] will continue to take their cues from trade wars and monetary policy but may face pressure without
