Financial markets will sojourn rapt with Fed process in a week brazen as Chair Yellen testifies in Congress and pivotal US acceleration information is released.
US Dollar Forecast: US Dollar May Shrug Off Soft Inflation as Yellen Remains Hawkish
The US Dollar might shrug off soothing indiscriminate and sell acceleration total as Fed Chair Janet Yellen uses Congressional testimony to make a box for rate hikes.
Next week brings a light mercantile calendar for European data, and there are no Mario Draghi speeches on a calendar: Presenting an well-suited time to justify new themes of Euro strength.
Japanese Yen Forecast: USD/JPY Targets Topside Hurdles Ahead of Fed Chair Yellen Testimony
The Humphrey-Hawkins testimony might fuel a near-term allege in USD/JPY should Chair Janet Yellen validate a some-more assertive proceed in normalizing financial policy.
Australian Dollar Forecast: Australian Dollar Looks Trapped By Competing Influences
The Australian Dollar faces mercantile news from home, China and a US this week, a multiple that might – maybe counterintuitively – meant that it doesn’t get distant possibly way.
Canadian Dollar Forecast: Now it Would be a Surprise if Rates Were Left Unchanged
There has been copiousness of feud among analysts over either a Bank of Canada will boost a overnight rate to 0.75% from 0.5% on Jul 12
Chinese Yuan Forecast: Yuan Eyes on New Yuan Loans, Trade Prints
Looking forward, a complicated mercantile calendar has a Yuan during risk from home.
Prices are contrast near-term support brazen of a Fed’s financial process testimony subsequent week. Here are a updated targets cancellation levels that matter.
Global Equities Forecast: SP 500, DAX, FTSE 100 Threatened by Risk Aversion
Threat of tellurian ‘risk-off’ continues to arise as a new week arrives; on a elemental front we have Yellen testimony as a large eventuality of a week.
Crude Oil Forecast: Oil Remains Weak, Further Downside Beckons
Despite a short-term convene on descending wanton and gasoline inventories, oil continues to be tranquil by a bears.
See what live coverage is scheduled to cover pivotal eventuality risk for a FX and collateral markets on a DailyFX Webinar Calendar.
See how sell traders are positioning in a majors regulating a IG Client Sentiment readings on a view page.