Weekly Trading Forecast: Volatility Ahead on Key Data, US Ta...| MENAFN.COM

Saturday, 02 July 2022 08:56 GMT

Weekly Trading Forecast: Volatility Ahead on Key Data, US Tax Cut


(MENAFN- DailyFX) Financial markets look set for another volatile week as top-tier economic data flow amplifies price swings driven by speculation about US fiscal policy.

Forecast:

Politically inspired US Dollar volatility may be compounded by a high-profile speech from Fed Chair Janet Yellen as well as the release of CPI and retail sales statistics.

Forecast:

The British Pound has been remarkably resilient despite a lack of progress on Brexit and turbulent domestic politics, suggesting the bulls have the upper hand.

Forecast:

faces a growing risk of giving back the advance from the 2017-low (107.32) as the U.S. economic docket is expected to highlight a subdued outlook for inflation.

Forecast:

The Australian Dollar has stopped sliding against its US cousin and settled into a broad range trade. The coming week offers few obvious signs that this will change.

Forecast:

The Canadian Dollar is facing a host of negative headwinds with the currently the main supporting factor.

Chinese Yuan Forecast:

Trump-Xi meeting has not only eased trade tensions but pushed China to make a big step forward in opening up its financial market; at the same time, the slowdown in private investment remains as a major concern.

Crude Oil Forecast:

Crude Oil is displaying the longest bullish run since October of 2016 as a new factor brings in support to the market, political instability.

Equities Forecast:

Global stocks put in the first notable pullback in months as reports of a delay to US tax cuts tempered recent bullish behavior. Is this the shift that will ultimately bring on reversal of years-old trends?

Forecast:

Prices rebounded off support this week with key inflation data next week to make-or-break the advance. Here are the updated targets & invalidation levels that matter.

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 .


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