The US Dollar has been of two minds about its response to brutal market turmoil. The severity of further bloodletting will be decisive from here.
The Japanese Yen rose amidst aggressive risk aversion last week which, fueled by white house developments. Next one could be a wildcard depending on the responses and US PCE.
The Australian Dollar is sensitive to the global growth cycle so a backdrop of trade-war worries and a lack of domestic numbers probably don’t make for a strong week.
Oil prices put in a strong week of performance as a plethora of factors helped to push prices higher.
Equities Forecast: The Scene is Likely to Get Uglier for Global Equity Markets
Last week saw aggressive selling in global equities, conditions look headed to get worse in the week ahead.
See how retail traders are positioning in the majors using the IG Client Sentiment readings on the sentiment page.
- ^ US Dollar (www.dailyfx.com)
- ^ US Dollar Outlook Hinges on the Severity of Coming Market Turmoil (www.dailyfx.com)
- ^ Japanese Yen (www.dailyfx.com)
- ^ Japanese Yen Looks to US PCE and Continuing Trade Developments (www.dailyfx.com)
- ^ Foundations in Place for Further Sterling Gains (www.dailyfx.com)
- ^ GBP (www.dailyfx.com)
- ^ Australian Dollar (www.dailyfx.com)
- ^ Australian Dollar Looks Mired In Growing Trade-War Worries (www.dailyfx.com)
- ^ Crude Oil (www.dailyfx.com)
- ^ Oil Bulls Back in a Big Way as Prices Thrust Towards Three-Year Highs (www.dailyfx.com)
- ^ The Scene is Likely to Get Uglier for Global Equity Markets (www.dailyfx.com)
- ^ Gold Prices Bid