Financial markets cheered a confident Fed yet wilted on fears of status-quo-shattering maneuvers from “team Trump” last week. The tug of war is set to resume in the week ahead.
US Dollar Forecast: US Dollar Rise on Fed Rate Hike Bets at the Mercy of Team Trump
The US Dollar may find renewed support from a hawkish Federal Reserve in the week ahead but worrisome headlines from Washington, DC remain a potent threat.
Japanese yen Forecast: USD/JPY to Track Risk Trends as Yellen Fails to Shift Rate Outlook
Headlines coming out of the G20 meeting may yield a limited reaction in USD/JPY as the group of global finance ministers strive to avert a currency war.
Australian Dollar Forecast: Australian Dollar May Languish If Only For Lack of Clues
The Australian Dollar dodged a couple of bullets as local sentiment indicators soared, stealing some of the limelight from the US Fed as they did so. That will not happen again.
Chinese Yuan Forecast: Offshore Yuan Exposed to Onshore Risks as Spread Narrows
The two Dollar/Yuan pairs have been driven by different themes of recent: The Dollar’s strength weighted more on the offshore pair, while the onshore Yuan eyed more on moves from China’s Central Bank.
Crude Oil Forecast: Low Volatility At New And Higher Price Floor Favors Upside
Crude Oil looks poised to end the week lower for the first time in five weeks. However, there is a silver lining. As of Friday morning, the weekly price range in Crude Oil is the smallest in 13-years.
Global Equities Forecast: Global Equity Indices Buoyed, but Risk Quickly Rising for the S&P 500
Last week was a generally bullish one for equity indices outside of Japan, with U.S. and European markets showing modest to strong gains. Volatility was muted, something which traders are hoping will soon change.
Gold Forecast: Gold Prices Flirt with 1250 Hurdle Ahead of FOMC Minutes
Gold prices pressed higher for a third consecutive week with the precious metal up 0.39% to trade at 1238 ahead of the New York close on Friday.
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See the DailyFX 1Q 2017 forecasts for the Dollar, Euro, Pound, Equities and Gold in the DailyFX Trading Guides page.