Both Dollar and Stocks Likely to Struggle Next Week


(MENAFN- DailyFX) The Dollar slid and equities rallied following the weak posting from this past Friday's NFPs report. This indicator's influence will shape sentiment and trends moving forward. The impact the update has on the Dollar will likely prove more enduring. Doubt has been a constant restraint on Fed forecasts, and this data gives weight to those believes. Data will be less important than perceived Fed commitment read in statements. In contrast, the rebound in risk trends and benchmarks like the S&P 500 are unlikely to last long. The delay in central bank normalization commands less and less confidence versus a genuine economic recovery. Outside of sentiment trends and US monetary policy, the docket holds a range of events. The G-20 meting will test the possibility of a coordinated effort to support growth and financial stability. Three rate decisions decisions are scheduled, and each carries the baggage of future policy change. Trade figures and foreign exchange holding updates are a common theme in traditional data updates. We discuss the landscape ahead in the weekend Trading Video.


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.