Australian Dollar bulls have had an ideal week as numerous stars align over their forex, taking it as much as two-month highs towards the dollar. Can they depend on extra of the identical? Probably not
The Canadian Dollar rose as a comparatively dovish Fed boosted sentiment and crude oil costs. Focus shifts to native and US financial knowledge subsequent week. S&P 500 could battle to maintain rising.
Crude oil prices could proceed to catch a bid because the OPEC and its allies stay dedicated in rebalancing the power market.
A disappointing week for Sterling bulls occurred as optimistic sentiment began to wane after the EU refused to think about reopening discussions on the Irish backstop.
The US Dollar could commerce broadly greater within the week forward as a dour flip in market sentiment stokes haven-seeking demand for the benchmark forex
Gold prices surged in response to a dovish Fed as a weak US Greenback mixed with safe-haven demand helped the commodity proceed its upside breakout.
US inventory markets will start to wind down earnings season this week with notable studies from Google and BP nonetheless to come back. The FTSE will look to the Financial institution of England.
See what stay protection is scheduled to cowl key occasion threat for the FX and capital markets on the DailyFX Webinar Calendar.
See how retail merchants are positioning within the majors utilizing the IG Client Sentiment readings on the sentiment page.