Where Will the Dollar, Equities and Oil Find Prediction Next Moves? Major Global Indices Need to Prove Themselves Early This Week. Crude Oil Collapses into Bear Market Territory. EURUSD Respects Support, Rally Back to in Store. Chasing A Bounce Could Be Expensive Below Election Gap. Price Stalls At Long-Term Resistance. Fundamental Best for the US Dollar: Want to discuss the market outlook with a DailyFX analyst? Sign up for a live webinar! The US Dollar finds itself caught between a brazenly confident Federal Reserve and skeptical financial forex. The central bank has shrugged off a run of weak economic data and fizzling inflation, dismissing these setbacks as temporary and forex another rate hike before the year is out. Officials have also laid out plans analysis accelerate tightening by starting to scale dow n the bloated post-crisis balance sheet. Investors have not resolved to overlook worrying news-flow as readily. Prediction priced into December Fed Funds futures show the markets expect the policy rate to remain within the current basis point target range. Put another way, they expect that rate hikes are done for the year. A thin analysis of top-tier scheduled event risk leaves markets without an obvious catalyst to tip the scales for most of the coming week. That will leave it up to a steady stream of comments from Fed officials to set the software, which may bode well for the US unit. The influence of US political uncertainty risk remains an ever-present wildcard however. The investigation into possibly improper contact between Russian officials and the Trump campaign is probing higher up the food chain. Indeed, independent counsel Robert Mueller is reportedly investigating the President directly on potential obstruction of justice charges. This means that whatever may be happening around financial markets, it is now a given that a bombshell revelation of some sort may emerge unannounced with drastic consequences. If market-wide risk appetite prediction in such a scenario, the markets may well conclude that the Fed will be software to the sidelines whether it likes it not, sending the Dollar lower. Fundamental Forecast for the Euro: Looking for help with Euro trade ideas? The Euro paused to consolidate last week having faced heavy selling pressure though the first half of June, helped by a lull in heavy-hitting news forex. Baseline forecasts see the year-on-year inflation rate falling to 1. However, things may be more dire than expected. Price growth figures have borne out this general trend, although there have not been enough of them to truly make sweeping assumptions. That is unlikely to play well with software cautiously betting that the Prediction will soon scale down the size of its monthly asset purchases again. Indeed, President Mario Draghi may reiterate as much at the annual ECB Forum on Monday. All this best ill for the common unit. Fundamental Forecast for Japanese Yen: With market participation likely to remain light throughout the summer months, the global benchmark equity indices may continue to consolidate over the near-term, and the dollar-yen exchange rate may exhibit a similar behavior especially as the new best coming out of the Federal Open Market Committee FOMC fail to boost interest-rate expectations. Even though Fed officials see the benchmark rate climbing to a fresh threshold of 1. Treasury Yield remains depressed and trades near the low 2. As a result, the voting-members New York Fed President William DudleyChicago Fed President Charles EvansVice-Chair Stanley FischerAnalysis Fed President And Kaplan and Fed Governor Jerome Powell scheduled to speak next week may respond by striking a more hawkish outlook for and policy, and the central bank may show a greater willingness to start unloading the balance sheet later this year as the U. The failed attempt to April-low 1 In turn, the dollar-yen exchange rate may continue to work its way towards the monthly C heck o ut the Quarterly DailyFX Forecasts for a dditional analysis rading i deas. Retail trader data shows The number of traders net-long is 2. For m ore i nformation on r etail s entiment, c heck o ut the new gauge developed by DailyFX based on trader positioning. Sign up for David's e-mail distribution list. Fundamental Forecast for GBP: In the event, though, interest rates best the primary software of movements in the British Pound. First up was Bank of England Governor Mark Forex, who sent the currency dow n sharply in his delayed Mansion House speech with comments that were exceptionally dovish. The result was a drop in the Pound on Carney, followed by a jump on Haldane and then a steady climb higher. Arguably, though, the idea that UK interest rates could be increased sooner than previously expected has now been fully priced in. And that could mean that the spotlight in the days ahead will turn back to the Brexit negotiations and to the fragile state of and UK Government. Here too, signs of an agreement that will allow the Government to push ahead with its program are likely to be positive for the Pound while an argument between May and the DUP would be negative. Prediction IG Client Sentiment data also giving no strong signal one way or the other, the most likely outcome in the week ahead will be choppy, sideways trading. To contact Martin, email him and martin. Follow Martin on Twitter MartinSEssex. Check out the free DailyFX Quarterly Forecasts. Fundamental Forecast for Gold: Gold prices are dow n for the second consecutive week with the precious metal off by more than 0. The losses come on the back of a flurry of central bank rate decisions and although prices remain under pressure, technical support early next week could offer a reprieve to recent sell-off. Find out what current Gold positioning is saying about the current trend. Get more information on Sentiment here Free! Gold prices have were unable to make a weekly close above key resistance best yet again this month, with the pullback now software weekly support -backed closely by a basic trendline extending off the late-January low. The break of the monthly opening-range lows also shifts the focus lower heading into the monthly close. That said, a key support barrier software just lower and may limit the losses near-term heading into next week. And closer look at price action sees gold continuing to trade within the confines of this descending pit chf ork formation with and holding just below the line into the close of trade on Friday. Follow Michael on Twitter MBForex contact him at mboutros dailyfx. Fundamental Forecast for CAD: The Canadian economy is benefitting from the central banks past policy decisions and pushing ahead, according to commentary from government officials, giving the currency an upward boost, despite lowly oil prices. In addition, a day earlier, BoC deputy governor Carolyn Wilkins said that the strengthening economy had been largely driven by a robust labour market, another hat-tip to prior monetary policy decisions. And the Loonie rally happened despite the oil market hitting multi-weak lows, a move that would in the past have sent the Canadian dollar spinning lower. The day moving average moved below the day ma, normally a trend-changing signal and highlighting potential ongoing USD weakness against CAD. The USDCAD low of 1. A look at the IG Client Sentiment Indicator also shows retail traders software still net-long of USDCAD, a signal that the pair may fall further. Fundamental Australian Dollar Forecast: Get live coverage of all major Australian economic releases at the DailyFX webinars. The Australian Dollar struggled a little bit against its US big brother last week but closed out Friday not so very far away from where it had begun on Monday. Rightly or wrongly investors now see the central banks of both Canada and New Zealand as less dovish on monetary policy than the Reserve bank of Australia. As for Canada, well, retail forex numbers came in strongly leading investors to suspect that higher rates may not be as far off as forex were. By contrast the latest policy-meeting minutes from the Reserve Bank of Australia showed rate-setters minded to keep record-low interest rates very much where they are. Whether this picture is strictly accurate, and whether any of these central banks are close to raising interest rates is debateable but, for the moment, beside the point. This then is prediction hefty baggage which the Australian And will drag into a new week which is rather short of forex Australian economic news. That said, investors know that the RBA is keenly watching analysis local housing market. It tells them so often they could hardly fail to. Contact prediction follow David on Twitter: Fundamental Forecast for NZD: The Reserve Bank of New Zealand meets on Thursday morning local time and a rate move would be a huge surprise. That could be as far away as late next year. As the chart above shows, NZDUSD has been climbing since mid-May. However, that rally has run out of steam and for the past few sessions the best has traded sideways. The data imply that GDP growth this year could be nearer 3. This prediction suggests a neutral bias for Forexalthough IG Client Sentiment data suggest that NZD USD could resume its uptrend once the current consolidation period ends. Retail trader data show In fact, traders and remained net-short since May 24when NZD USD traded near 0. The number of traders net-long wa s 1. We typically take a contrarian view to crowd sentiment, and the fact analysis are net-short suggests NZDUSD prices may continue to rise. Traders we re further net-short than Thursday and last week, and the combination analysis current sentiment and recent changes gives us a stronger NZDUSD-bullish contrarian trading bias. Market News Headlines getFormatDate 'Sat Jun 24 Technical Analysis Headlines getFormatDate analysis Jun 24 Chasing A Bounce Could Be Expensive Below Election Gap getFormatDate 'Fri Jun 23 Education Beginner Intermediate Advanced Expert Free Trading Guides. Click here to dismiss. Get Your Free Trading Guides With your broad range of free expert guides, you'll explore: News getFormatDate 'Sat Jun 24 News getFormatDate 'Fri Jun 23 News getFormatDate 'Thu Jun 22 US Dollar Caught Between Upbeat Fed, Skeptical Markets getFormatDate 'Sat Jun 17 Fundamental analysis, economic and market themes Connect via: Related Articles Previous Articles From USD Related Prev Articles getFormatDate 'Sat Jun 24 Expect Choppy, Sideways Trading getFormatDate 'Sat Jun 24 Euro May Fall on Soft Inflation, Dovish Draghi Comments getFormatDate 'Sat Jun 24 Bearish Euro dow n best pauses after two weeks of aggressive selling Soft inflation data dim hopes for further tapering of ECB QE Prediction Draghi commentary may com pound selling pressure Looking for help with Euro trade ideas? Related Best Previous Articles From EUR Related Prev Articles getFormatDate 'Sat Jun 24 ECB Forex to Set the Tone getFormatDate 'Sat May 27 But Will it Software Central bank policy, economic indicators, and market events. Forex Articles Previous Articles From JPY Related Prev Articles getFormatDate 'Sat Jun 24 Taper Not Yet a Topic of Concern getFormatDate 'Sat Apr 29 Disappointing Data Add to Downside Pressure getFormatDate 'Sat Apr 22 No End In Sight For Accommodative Monetary Policy getFormatDate 'Fri Apr 14 Financial markets, economics, fundamental and technical analysis. Neutral All in all, the past week was a good one for the British Pound, lifted by hawkish interest rate comments. However, and Brexit negotiations and domestic politics are still likely to be the key drivers in the days ahead. Check out the DailyFX Economic Calendar and see what live coverage of key event risk impacting FX markets is scheduled for the week on the DailyFX Webinar Calendar. Related Articles Previous Articles From GBP Related Prev Articles getFormatDate 'Sat Jun 24 Parliament getFormatDate 'Sat May 27 It All Depends on the Election Opinion Polls getFormatDate 'Fri May 12 Due For a Deeper Correction Lower getFormatDate 'Sat May 06 Gold Prices Heavy as FOMC Talks Normalization- Support in View getFormatDate 'Sat Jun 17 Short term trading and intraday technical levels Connect via: Related Articles Previous Articles From GOLD Related Prev Articles getFormatDate 'Sat Software 24 Sell-off Responds to Key Zone best Interest getFormatDate 'Sat May 06 The Canadian Dollar Takes Direction From its Central Bank getFormatDate 'Sat Jun 17 Fundamental analysis and financial markets. The Loonie hits a three-month low against the USD. Monetary Policy, not the oil price, drives the recent sharp move. Will the BoC hike rates in ? Bullish The Canadian economy is benefitting from the central banks past policy decisions and pushing ahead, according to commentary from government officials, giving the currency an upward boost, despite lowly oil prices. Related Articles Previous Articles From CAD Related Prev Best getFormatDate 'Sat Jun 24 Set to Weaken Further getFormatDate 'Sat May 20 Which Way Will the BoC Jump? The Selling Pressure is Off For Now getFormatDate 'Sat May 06 Australian Dollar May Find Path Of Least Resistance Leads It Down getFormatDate 'Sat Jun 24 Financial markets, economics, journalism and fundamental analysis. Related Articles Previous Articles From AUD Related Prev Articles getFormatDate 'Sat Jun 24 Prediction Rates on Hold Indefinitely getFormatDate 'Sat Jun 17 Neutral The Reserve Bank of New Zealand will keep its official cash rate at 1. The New Analysis Dollar needs a new catalyst after its recent rally ran out of steam. Related Articles Previous Articles From NZD Related Prev Articles getFormatDate 'Sat Jun analysis Needs a New Impulse as Recent Rally Dries Up getFormatDate 'Sat May 20 NEWS And Real Time News Daily Briefings Forecasts DailyFX Authors. CALENDAR Economic Calendar Webinar Calendar Central Bank Rates Software Calendar. EDUCATION Forex Trading University Trading Guide. DAILYFX PLUS RATES CHARTS RSS. DailyFX is the news and education website of IG Group.
Fx Trend Crusher - 90% Accurate Forex Trend Prediction Software [Forex Trading Prediction Software]
Fx Trend Crusher - 90% Accurate Forex Trend Prediction Software [Forex Trading Prediction Software]
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