There were a few fundamental highlights this past week such as the news that the US and China may have reached an agreement ‘in principle’ for its Phase One deal. Yet, that silver[1] lining was the exception to the fundamental rule of dimming growth and faltering monetary policy. Nonetheless, the S&P 500 led risk appetite higher with its own record drive. Is this an infectious enthusiasm that will rouse November seasonal optimism?
AUD Could Make Further Gains If RBA, US-China Trade News Permit[2]
The Australian Dollar[3] rose to three-month highs as October bowed out, boosted by hopes for more monetary stimulus. Trade worries dragged it back but may yet be overcome.
Crude Oil Prices May Fall on OPEC Outlook Despite Fresh Iran Risks[4]
Crude oil prices[5] may suffer after OPEC publishes its World Oil Outlook against the backdrop of shaky US-China trade talks. Will renewed Iran risks be able to thwart a selloff?
US Dollar (USD) Outlook Remains Focussed on US-China Trade War[6]
The next 25 basis point US rate cut is not fully priced in until mid-2020. And that won’t please President Trump who wants further rate cuts now.
GBP/USD Rate Recovery to Persist If BoE Alters Forward Guidance[7]
Fresh updates from the Bank of England (BoE) may fuel the recovery in GBP/USD[8] if the central bank alters the forward guidance for monetary policy.
Dow Jones and FTSE 100 Forecast for the Week Ahead[9]
Dow Jones[10] looks to an all-time high. However, focus is on ISM Non-Manufacturing survey, while FTSE 100[11] fails to extend gains.
Dow Jones, DAX, & FTSE Weekly Technical Forecast[12]
The Dow is trying to break out of a pattern, the
