(MENAFN- DailyFX) The US Dollar turned sharply higher as prices fell after July's upbeat US jobs data. Is this the start of a reversal or just a temporary setback for established trends?
US Dollar Forecast:
The US Dollar may find fuel for a sustained recovery if CPI data points to firming inflation, boosting the probability of another Fed rate hike before year-end.
British Pound Forecast:
The doves remain active at the Bank of England, even with inflation expected to remain elevated well-beyond two percent as the squeeze on the British consumer continues.
Australian Dollar Forecast:
The Australian Dollar has been climbing steadily against its US counterpart since early May and, despite some recent weakness, it is too early to say the move upwards is over.
New Zealand Dollar Forecast:
may continue to pullback from the 2017-high (0.7558) should the Reserve Bank of New Zealand (RBNZ) toughen the verbal intervention on the local currency.
Equities Forecast:
Next week is a fairly uneventful week on the data-front, general risk trends to move markets in summer trading environment; hanging tough near highs, DAX could benefit from selling.
Gold Forecast:
Gold snapped a three week winning streak with price reversing sharply on strong US NFPs on Friday. Here are the updated targets & invalidation levels that matter next week.
Crude Oil Forecast:
Crude Oil fell back to earth this week, but there remain positive developments such as record gasoline demand and falling supplies.
See what live coverage is scheduled to cover key event risk for the FX and capital markets on the .
See how retail traders are positioning in the majors using the .
MENAFN0508201700760000ID1095695334
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.