We have closed out the first half of the year with a jolt of volatility as traders eased their risk exposure. After clearly the US liquidity lull to start this new week, will major event risk with direct thematic ties channel a reversal in speculative bearing and trading volatility throughout the financial system?
US Dollar Forecast: Dollar Downtrend in the Spotlight Ahead of FOMC Minutes, NFP
Dollar weakness continued to flare into the end of Q2, but will a slate of highly-pertinent U.S. drivers finally be able to bring some element of respite to the bearish trend?
Euro Forecast: Euro Finds a Sorely Needed Bullish Driver in Recent ECB Commentary
After several weeks of sideways trading, the Euro finally picked a direction. The sudden shift in tone by the head of the ECB at the end of the month and the quarter has now given the Euro the bullish catalyst it has been sorely lacking in previous weeks.
British Pound Forecast: Resistance at 1.30 to Come Under Further Pressure
For the British Pound, last week was dominated by comments from Bank of England Governor Mark Carney.
Australian Dollar Forecast: Australian Dollar Bulls’ Hawkish RBA Bet May Not Pay Out
The Australian Dollar has risen on hopes that the RBA will join its more hawkish developed-market peers in writing ultra-low rates’ obituary. But will it?
Chinese Yuan Forecast: Yuan Looks to Caixin PMI, Xi’s Trip for Further Strength
The Yuan remained in a bullish trend as the USD/CNH failed to break above a key resistance. Looking forward, event risk will be the main focus for the Yuan.
Gold Forecast: Gold Prices Lower on Shifting Policy Outlook- FOMC Minutes, NFP on Tap
Gold prices look to close at the monthly lows and heading into July trade the focus is on key support just lower. Here are the updated targets & invalidation levels that matter.
Crude Oil Forecast: Oil Prices Extend Bullish Sequence as U.S. Crude Output Narrows
The recent recovery in crude oil prices may carry into July the U.S. Energy Information Administration (EIA) sees a near-term slowdown in energy outputs.
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See how retail traders are positioning in the majors using the IG Client Sentiment readings on the sentiment page.