Australian Dollar Forecast – Australian Dollar Could Ride US-China Trade Hopes Higher Again
The Australian Dollar still completely lacks domestic monetary policy support, and that will weigh on it more heavily in time. However, for now trade is running the table.
Oil Forecast– Crude Oil Prices Risk Fresh 2019 Highs as RSI Sits in Overbought Territory
Crude oil prices may trade higher over the coming days as the Relative Strength Index (RSI) sits in overbought territory for the first time in 2019.
British Pound Forecast – Leaning Towards a Softer Brexit?
A softer Brexit outcome is beginning to look more likely after the UK Parliament took a no deal Brexit off the table, while the potential for a year long Article 50. delay may usher in a second referendum.
Gold Forecast –Prices at Risk with ECB Rate Decision, FOMC Minutes in Focus
Gold prices may fall if downbeat comments from the ECB and the Fed spur haven demand for US Dollar. Lower bond yields may help cap the downside.
Euro Forecast – Bearish, EURUSD May Fall on ECB. Brexit Deadline Near
The Euro outlook is bearish as EUR/USD might fall on the ECB and Mario Draghi press conference. Brexit is a wildcard after US-China trade talks offered little upside momentum for EUR.
Equities Forecast – Dow Jones, S&P 500, DAX 30 and FTSE 100 Fundamental Forecast
The start of earnings season in the United States will play a key fundamental role for both the S&P 500 and Dow Jones. Elsewhere, Brexit and trade wars remain key themes.
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See how retail traders are positioning in the majors using the IG Client Sentiment readings on the sentiment page.
