30 Jul Weekly Trading Forecast Dollar to Clarify Reversal Ambitions, RBA and BoE Ahead
US Dollar Forecast: Dollar Descent Continues as U.S. Markets Stare Down NFP, PCE
The USD Pain Trade has continued for another week as the Fed laid the groundwork to begin Quantitative Tightening. Key inflation and employment prints on the docket for next week will likely keep the Greenback on the move.
British Pound Forecast: Trending Up Against USD, Sideways Against EUR
Australian Dollar Forecast:Hawkish RBA to Fuel Change in AUD/USD Behavior
Fresh remarks from the Reserve Bank of Australia (RBA) may fuel the shift in AUD/USD behavior should the central bank endorse a hawkish outlook for monetary policy.
Chinese Yuan Forecast: Yuan May Suspend Rally, Eyes on PMI
In order to advance further, the Chinese Yuan would need stimulation. Yet, Chinese PMI gauges are less likely to provide sufficient support.
Gold Forecast: Gold Prices Continue to Shine on Dollar Decline- Resistance Ahead
Gold prices posted the largest weekly rally since May with the advance now eyeing slope resistance. Here are the updated targets & invalidation levels that matter next week.
Crude Oil Forecast: WTI And Brent Crude Oil Pivots on OPEC Actions to Best Week of 2017
Crude Oil had everything going in its favor this week, thanks to OPEC, a weak USD, and a larger than anticipated supply draw to rise nearly 7% on the week.